Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
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.
It is not just 10 bucks if the user becomes active referrer and brings in more people. Many of the distribution methods have referral system, which gets improved to a new level with every new distribution method. Bytes are not airdropped for just linking your address anymore, one needs to put some effort in and grown the community in order to earn more. Those who put more effort in it are also more likely to become real users than those who got just 10 quick bucks.
I like referral systems and I very much like MLM. It can be very powerful.
I can see your point of view from where we are now, and do not argue there is certain merit.
The thing I would say is. Although byteball hodlers (not bitcoin holders) are not expanding effort exactly to futher adoption directly. They are in a different way expanding their influence of the value they hold (in Byteball) to push up the price on exchanges. Which pushes up MC which brings attention, which brings more investors and hodlers in to a spiral.
It would have been better perhaps if the airdrops could have analysed if byteballs had aged in the wallets for a certain time before being eligible for an airdrop. (not sure technically how easy that would be to have implemented)
Now eventually some one has to use these things we are creating here and the use case and functionality will have the final say. I agree. However, for now the fastest way to bring users/investors on is appeal to the main group that have any interest in CC at all. This is 99% speculators and sadly you must appeal to their greed. This is not a place for just idealists right now - in the long term yes.
When BB is in a form which is clearly finished and polished and will shine when compared to other projects on technical merit alone. This is the time to show those seeking to adopt crypto for function and use for business or whatever. Then eventually it will be more beneficial to appeal to those whose use cases fit with BB's tech.
So although you say " just for linking your address" yes that takes no effort. But to make it worth linking your address you need something in that address worth linking and that requires value/capital. The fact you can get people to hold their personal wealth in your project to indirectly do your advertising to the only group really interested in crypto right now is worth quite a bit.
This avenue is pointless now I guess because returning airdrops in their old form will not fix the trust broken by stopping them.
I do not think they were stopped for any selfish reasons of the developers. I think they really thought it was the best way forward for BB. I'm not even sure stopping them can really be blamed for the dramatic price fall. Lots of projects have been crushed this much or even more.
Although it is not in the spirit of crypto. Perhaps regarding the way forward just in the short term. The distribution could be done a bit like this.
Those perhaps locking down the most BB for the longest periods would receive the greatest % rewards which were tiered. Sort of like a tiered pos scheme.
Most people think it is a crazy idea but I wonder what a public appeal to those ico managers that claimed huge amounts for free at the start to return just 50% of the bytes to be used in such a tiered POS scheme would achieve?
PR is quite important and those ico managers that have not already distributed the BB to their investors might like to show how fair they can be. Of course a polite request not to partake in our new pos scheme and suck them all back would be cool
Just ideas, may be technically impossible or just logically unsound.