Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
Funding, Foundation, Moving Forward
The blog about the future of Byteball was very well received in our community and I am glad to be able to announce that were moving forward with executing our plans as described.
Read the full story https://medium.com/byteball/funding-foundation-moving-forward-13fed4058ee4
The blog about the future of Byteball was very well received in our community and I am glad to be able to announce that were moving forward with executing our plans as described.
Read the full story https://medium.com/byteball/funding-foundation-moving-forward-13fed4058ee4
Quote
Obviously we will also work on making our funding more sustainable, recent price action has shown the need for that quite clearly again. One of the first attempts to achieve this is the recently released option to buy @usernames on our platform. In return for a donation to the Community Fund you are able to get a vanity address on the Byteball network. Buying one helps us to develop the platform further and allows you to show appreciation for the work weve done so far.
If Byteball starts charging users for its features it's doomed. I don't see mass adoption when a platform feature costs 60 USD. This is a suicide from the adoption point of view and clearly a shot in the foot. I think it will fail miserably.
First Byteball distributes funds for free to users. When funds begin to dry out it starts to charge users for its features.
It's purely optional -->
Non cryptic address attestation options
1. e-mail address: costs 0.049MB (roughly $0), reward: $10 for Harvard students and Estonian e-residents
2. Steem username: costs 0.049MB (roughly $0) or free if you sign a message, up to $160 reward for high reputation accounts
3. Byteball username: costs 1-10GB, vanity donation option, helps the project get a more sustainable funding basis. Use this option to show your appreciation for the fact that more than 67% of the supply so far has been given away for free.