Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
cryptohunter
on 06/11/2018, 12:03:17 UTC
I think we are worrying about the wrong thing at the wrong time.

CC is all about speculation right now.

Who is using eos, ada, iota, right now?

Adoption will come later. For now speculators is who you need to worry about. Give them reason to buy and hold byteball. You want to be in the top 10 to top 15 on cmc. Although we know that can be faked and means little because many have such a narrow distribution.

However annoyingly a lot of companies believe in those caps and volume.

Companies will only adopt currencies that have a lot of volume because otherwise they are quite unusable for them.

Also to get adoption you need users. To get users they need to know about your project. The largest form of advertising right now is to get a high cap. Since 99% of people interested in CC right now are investors/speculators you need to get them interested.

My 3 favourite projects right now and suffering not because they do not offer great dev teams with great products that are already functional (if not completely finished) but because of lack of interest. The lack of interest is 1. they are not in the high cap projects so don't get much notice  2. as a result of (1) nobody is talking about them and they can gain no network effect.

Most investors and hodlers (which you need right now) are not conceptual designers nor game theory experts nor coders nor have really any skills to decide which projects from a technical level solve more or less issues and are easily scammed with snake oil blockchain 2.0 3.0 4.0. They follow like lemmings repeating all kinds of snake oil selling nonsense to the others.  I was one of these for years and ended up getting sucked into all kinds of promising sounding now almost dead projects that faded out or were made redundant by the next better sounding snake oil.

The best you can do is find those that can analyse designs and watch their predictions and listen to their analysis and try to use some of your own common sense too. Or make friends with some good developers and just ask for their opinions.
 
Bring your MC up and get more attention, more hodlers, higher cap and more hodlers whilst making your project as functional and ready for mainstream adoption as possible and when companies are ready to adopt you will be in the running and not hidden away on page 10 of coinmarketcap with no volume

I do not think spreading out a few bucks worth to a ton of people does anything. If I had 10 bucks worth I would not be incentivised to work hard to promote or adopt I would likely just think thats 10 bucks I can cash in now or just leave it for another day and likely forget all about it. You are better to get BB in larger chunks right now into the hands of people that have some shove in this arena that will work to promote or bring on development in certain areas. The worst part is the huge chunks are in the hands of people that are leading other projects and have a lot less incentive to work in pushing BB forward.  This will change over time but it has held BB back thus far.

All I am saying is stop worrying about spreading BB out now that is already so concentrated in the hands of a few. Better to increase functionality in terms of tx, scalability etc and interesting hodlers/investors and those that will help promote with a lot of incentive.
Focus more on raising the cap and bringing in interest that way for now. Then more exchanges like coinbase may consider. Then when big companies come looking bb will be in the running. Amazon is not going to look at bitcoin, ethereum, litecoin, and randomly consider something that looks obscure and has 2000 usd daily volume.

Most people only consider the top 100. Many will only invest in the top 25. Anything else is considered high risk. When really the highest risk with lowest returns are the fake higher caps. However that's how it is.

If you are trying to bypass or criticise peoples desire to make money and call them just greedy you alienate 99.9% of the human race. You need these ones to get a network effect at this stage. Later people/businesses will just use the product that is best suited to their needs in a functional way. We are still miles away from leaving speculation as the biggest driver for success which will lead to adoption. Trying to give it out to 10000s of people in crumbs will not bring adoption at this point.

This is just my opinion of course there could be a great counter argument that I am interested to hear.