I see that again and again there are people here who claim that Byteball should be not be listed in Gigabytes in exchanges since this would be harming the price, because investors would perceive the high cost of one Gigabyte very expensive. I have always been against the "tactical" idea of scaling down the official unit of measurement just for the purpose to benefit the price. Tony has always stated that he is not interested in the price but in the distribution of the coin, and I have always agreed on that.
But then, I've also seen Byteball listed in Gigabytes on Coinmarketcap and something has suddenly clicked in my mind.
The fact that Byteball is measured in Gigabytes is not a problem because this is harming its price.
The fact that Byteball is measured in Gigabytes is a problem because it is crucially violating Byteball's mission number one: to achieve mass adoption.
It is an interesting argument, but the real focus is not just widespread distribution of Byteball, but widespread adoption. If you do shift the unit of listing at exchanges to MegaBytes or KiloBytes, you would have more people buying. The problem is that most of them will be speculators with no motive of trying to use bytes.
Who's using it now?
https://byteball.fr/heartbeat.phpThere's maybe a few transactions per minute on average, every node that matters is operated by one person, and the trading volume is only $100k per day (no one is even speculating on it). I don't really see how it can degrade the situation much at this point.
It definitely will not degrade the situation. I was just trying to see if the logic of changing the denomination would increase adoption (and not speculative buyers). It is not that straightforward, but worth a shot. It would be pretty easy for Tony and co to implement it as well.
Look the entire crypto market including btc is for speculators There is no widespread adoption yet so gbytes a basically unheard of untested tech is dreaming of focusing on these pipe dreams right now.
It goes like this.
1. get the speculators (we did have those before we fucked them all over a few times)
2. get a high position on that manipulated shit hole coinmarket cap(THIS IS YOUR MARKETING PHASE)
3. get attention get more attention (THIS IS YOUR MARKETING PHASE)
4. bring the tech to maturity so it is not pushed aside for then next latest and greatest design
5. with the attention and tech maturity bring the gradual adoption if the project deserves it.
it is not the exchanges who decide the denominations it is packaged it is the developer. Smart projects already noticed the noob wave of imbeciles who seek per unit cheap tokens and ignore high individual cost tokens.
It was foolish to ever seek denominations of gbyte from the start iota realised this and went the opposite way.