Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
tarmo888
on 15/12/2019, 14:44:36 UTC
Bad news -> sell. Good news -> sell. Crypto winter Undecided
Hopefully, it will not last forever, the number of Bytes is limited Tongue I like the fact that very little is given for free these days.

I can understand sellers who bought earlier and now cover losses. But those who get for free, I can't understand. My position is that the team gives me free shares in exchange for trust in their work -> hold them while the project grows and sell them when it is strong and mature enough. Presently the team is working really hard and continues developing no matter what price is and no matter what others say. And the results are impressive.
Congrats with the new witness candidate! I see the big opportunity with this relationship.

No, GBYTE is not shares, what you describe would be a security. GBYTE is fuel for the Obyte network (you need them to post anything to Obyte DAG) and Obyte has no control over the price and it will not pay any dividends from the work it does, Obyte Foundation is non-profit organization. GBYTE price depends on demand and supply of the community, but since the community has shrink so much during the bear market, not much BTC is needed to move the price in any direction.