Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
tarmo888
on 18/05/2019, 20:51:45 UTC
Quote
LOL, how is 10% of supply a main distribution if 9 rounds after that distributed another 54%.
you don't understand what i'm talking about because you're a dumb moon boy. You are so stupid that you cannot even guess why the first distribution determined all the further distribution

Only that it didn't, first round had over 100 000 BTC linked, last rounds had over 1 000 000 BTC linked.
t will be great if you find the distribution coefficient and calculate how many bytes received 1m of bitcoins for all rounds and how many received Lisk with its 1st round bytes stack

100 000 GB for linked 121 765 BTC in first round.
545 000 GB for recieved Bytes from earlier rounds and for linked Bitcoin between 145 441 BTC and 1 395 899 BTC. Since Bitcoin is psedo-anonymous, can't really tell how many unique users and how many whales.

Don't need any coeficent, Lisk Foundation received over 6.2% of total supply with all rounds, which means around 62 000 GB. That's under 10% of whole BTC distribution. https://explorer.obyte.org/#XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B

Not great, but not end of the world either. I rather have it in hands who belived in this project since first round and still hold those Bytes than those who just dump to exchanges at market price. Looks like Lisk Foundation doesn't care about GBYTE/BTC price and how can you be mad about the Bytes that you got it for free anyway.

So, Bittrex users' balances are on this address https://explorer.obyte.org/#QR542JXX7VJ5UJOZDKHTJCXAYWOATID2
Are you saying that most of that doesn't actually belong to users and are Bytes that they claimed for user balances?
And how was Obyte suppose to know that they will not start distributing those to their users?
And why would Obyte ban them if they believed in Obyte enough that they listed Obyte for no cost?
So, who else don't deserve those Bytes in your opinion? https://stats.obyte.org/Top100Richest.php

All in all, Obyte tried something different with BTC distribution and it didn't delivered what was expected and it was cancelled after 10 rounds.