Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
tarmo888
on 05/10/2019, 01:58:49 UTC
So, once again, what were the reasons for choosing lottery over equal distribution to holders? I wasn't following the discussion if there was one but I'm sure there were some solid points for such decision.

Don't know the exact reasons, but here are possible reasons:
* the goal of the distribution fund is NOT to spend it as fast as possible. long distribution is preferred because long distribution will give free bytes to more users than just some early adopters.
* Bitcoin airdrop showed that distributing equally to all based on how much they already had didn't create adoption, just more sell off.
* the bigger the lottery reward in real world the more participants it usually draws into it. this worked in the beginning, but new participants on Draw Airdrop has stalled now.
* draw airdrop has predictable 200-400 GB cost after each 2 weeks.
* there are around 500 000 addresses with any history on Obyte.
* each storage unit fits around 100 payment transactions.
* the fee for 500 000 addresses would be up to 275MB (depending how many transactions in each unit and how much to set the minimum balance for airdrop).
* sending transaction to all addresses would waste up to 275MB of every full node disk space.