Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
afbitcoins
on 21/09/2018, 11:36:21 UTC
The only thing which tonych cannot controll is PRICE

Another thing occured to me from your comment. Tonych cannot control price that is true, but he can influence it. Perhaps having the opposite effect than he intended though, (due to aforementioned lack of basic economic principles.) But he can influence it. He controls a good 30-40% of the supply at the moment. Via airdrops (helicopter money) (central bank style tinkering) he does influence the price a lot. So far this has been to the downside which begs the question.. Does Tony prefer the price low for reasons at this time unknown Or does Tony want the price high but keep doing the wrong thing?

The distribution methods do influence the price. One thing which can be done is stop further dilution - no more Bytes to be distributed. He can set a floor (say $1000) beyond which GB will be sold in the open market, for the overall development of Byteball. This will prevent dumping of distributed Bytes at exchanges. It would also prevent the price from going beyond $1000 until all the Bytes are distributed, but existing holders shouldn't have any problems with that.

Except that it would erode trust because all along it has been stated 99% will be distributed. And if he did it would be the most overt display yet of how tony influences the price with central bank style tinkering.

Yes,agree.MN is the Delegated centralized Nodes,much like DPoS of EOS or something,it's real not a innovative feature,it's just for speed.

Whats with all the Dash FUD on here? Masternodes are not centralised. Anyone who can stump up collateral can run one. Dash has around 5000 of these nodes. That is not centralised at all. Much easier for anyone to do that than run a byteball witness.