Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
tarmo888
on 07/11/2018, 18:42:14 UTC
Donate the remaining 22% to UNICEF and focus on the current needs.

Distribution, adoption and circulation will then happen on their own, and as a result, the value of the project and the price of the coins will increase.

More suggestions?


1) fair
2) wide
3) not just a distribution

And in what sense does that distribution method tick any of the boxes above, if everything goes just from one entity to another? it's just changes hands who will have a control over 22% of the marketcap.

For example, all kind of attestation methods (not just KYC) have some kind of cost, so it helps if there are funds now that let users do those attestation without cost and even get rewarded. Having users who have attested something about themselves helps other bot builders to build services that use that info without having to worry about how to build the onboarding proccess if they need to ask tons of info about the users.

For example, if you want to start selling airplane tickets with Byteball bots (and also flight insurance as extra) then at the moment, you have all the features you need to build that. You don't have to ask the users to go find their passport and type in their passport details and you can offer them insurance on Byteball DAG. Also, you can be sure that the details that they gave you from their private profile are correct without any typos, because it has been verified by Jumio.

I understand that you are against KYC, but every attestation method helps
* distribute the funds as rewards and attract new users with that.
* add more value to Byteball platform as features that other bot developers could use.

And KYC helps that it's fair, same person will not be rewarded twice. Only thing left is find more methods that are even more wider, all over the world.