Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
scambust
on 16/09/2018, 17:40:59 UTC
To scale down the denomination of Byteball on exchanges (from Gigabytes to Megabytes or lower) has been debated for a while now, mainly for reasons of marketing. But someone has pointed out that there are deeper reasons for doing that: to define a Byteball unity as 1 Gigabyte would be like defining an unity of dollar as 1 Million $. Of course this does not make any sense if you are looking for mass adoption, like Byteball is:


(...)
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.
(...)


However, we are in the very early dawn of cryptocurrencies, which sometimes in the future (perhaps a distant future) are logically destined to replace the so much less efficient FIAT finance.
As we are just in the dawn of crypto, it doesn't really matter NOW which is the denomination of Byteball on exchanges. At some point it will eventually be changed, when the time will be deemed mature.
Meanwhile, we could consider the Byteball-in-Gigabytes world as the club of tomorrow's millionaires.
There are coins like Ada-Cardano which have openly claimed to point becoming the first platform to achieve 1 trillion $ capitalization.
Well, if Byteball would one day achieve something like that, then every single Gigabyte will be worth 1 Million $ - IF the USD will still exist with some value by then, of course.
Therefore, my fellow byteballers, don't waist your time whining but instead enjoy every single Gigabyte you have sitting in your wallet. There are only 1 Million of them, and the world's population is 7+ Bllions. And rising...

Well, no one knows the future. Maybe the future of money is not even known or maybe not even a cryptocurrency. I would love for it to be Byteball though but efforts on making Byteball as an ICO platform is kind of outdated since the start of 2018.