Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Alcibiades Agnes
on 14/08/2018, 18:40:15 UTC
Wow, under 0.01 BTC. Down about 97% from ath versus BTC and 94% from ath versus USD. Looks like new marketing and distribution methods very effective Cheesy

byteball has a very small team. if you would like to help out send me a DM, that would be great. thanks

Thank you for the offer but no thank you. I can't see myself working on or with a coin that is operated by a single person, and the distribution of which is controlled by a small group or even a single person in secret.

I actually was quite interested in byteball at launch, and had plans to run a full node and setup a bot on freenode for tipping and/or betting, but I'm quite disillusioned by the repeated changes to the distribution mechanism(s) and the total network control by a single individual 18 months after launch.

Similar to afbitcoins I still hold a bit, which I've basically written off at this point, but time is much more precious than some satoshis. I just see this thread pop up on my unread list a lot and thought I'd chime in with some perspective.

fair enough, you think the same as many people, I cant really argue.

To be honest I think many people have left through frustration for the reasons you mention

I too have been frustrated, especially regarding lack of decentralization

On those two subjects I can say

1. There has been a public statement that the aim is to have half of witnesses out of tonys hands by January 2019 http://prntscr.com/kia3my This was annouced recently, and previously nothing remotely this concrete was ever stated. Valerius who started as head of strategy in June is in charge of getting this done. Remember before around mid 2018 nobody but Tony and a few devs were part of the project. Sure Steve has been around for a while but apart from him nobody in a non development role for any period of time. The resources are now in place to actually get it decentralized, where as before tony and the devs didnt have time. Remember Byteball hit a market cap of like $800 million with a team of basically 5 people, and it did this twice, May 2017 odd and January 2018.

2. Distribution methods. Steem was the first time Byteball had ever incorporated a smart contract to lock airdropped funds for 1 year, and that only started in July. The signs are that this has gotten bytes into the hands of far more people than continually airdropping to bytes and btc holders like initially planned, 65,000 new wallets from that alone https://byteball.co/attestors

Similar distributions are planned for bigger platforms using the same format, but locking in a higher % of the funds into a contract as evidence shows it doesnt seem to affect people that much if they are getting it free anyway.

This should get bytes distributed amongst far more people than the vast majority of other projects



Sorry, but I don't think "out of Tony's hands" is anywhere close to decentralized. There's no concrete plans except have the byteball foundation run one or two, right? So they won't technically be run by the same person, just run by a foundation started by that person. If that happens plus a few more nodes are run by people within the project, I don't think that really changes the situation in any meaningful way.

spreadcoin is the most decentralized coin out there because it has no pools minning. it used to be on the 100 on marketcap.
it is now 769 because of the same problem that byteball have, lack of liquidity.

How in the earth we want mass adoption if the one only way to buy bytes is through bittrex.

zencash does not have a wallet, but they manege to be listed in more exchages than bittrex. zencash is more liquid and it is 69 on market cap. zencash 0 innovation.

Lord Tony, you have the best crypto ball out of the crypto world. Best innovation, best wallet, etc.

For people able to adopt a coin, shoud be able to buy and sell more easy and quickly.

How can we adopt a coin if the only way to sell or buy bytes is through bittrex?

We should pray that bittrex never goes offline.

With byteball we want to get ride off miners, exchages, speculator, and with this prices, byteball look like a falling knife, loosing its community.