Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Thul
on 16/10/2018, 12:04:20 UTC

What kind of insane person comes up with such an idea?

I am almost sure that this new program is linked to real name attestation because all the other programs have been misused. Do you remember what happened with the telegram quiz? Or are you aware of the problems with the steem thing?

The problem is the greed of so many people and the willingness to do a lot of things just to get some "free bytes".
Distribution should benefit those who use this currency as what it exists for: Offer and purchase of goods and services. - Of course, not where Visa & Co. dominate, and not at the retailer around the corner.

The target focus should be the market that already exclusively uses crypto currencies. Here for the x-th time "Open Bazaar" is mentioned. - I remember the "Bitcoin Cash" distribution to people who opened a shop on this platform.

The distribution to those who hope for a performanceless (finally Fiat-)income is a waste of time and energy and certainly does not increase real demand.

It is clear that very few of the community will support this idea. Who has so much self-determination and initiative to open their own shop?
One wants to draw something for free, and exactly this virtue is served by the Byteball management. And that's exactly why it won't work with the desired broad distribution. Because nobody knows what to do with the received "Bytes".

I would very much like to offer my goods on Open Bazaar for "Blackbytes", but I can't do that.

Currently Bytes and Blackbytes are hardly usable, and it doesn't look as if something is changing so fast, for which not only the naming is responsible...