Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
fuk
on 31/12/2019, 00:40:24 UTC
"I think Obyte has a sh!tloads of technology, and if the world was fair, it would have higher value. And I don't think the world is fair. And I don't think adding extra technology would help. Your only chance is marketing chance and even then... It's hard right now." ~ Richard Heart on Obyte Podcast https://obyte.fireside.fm/richard-heart?t=9018
imo distribution killed this project. Even if you put aside lisk, waves, iconomi, comodo. Bitcoin actually had the similar task - how to distribute coins. From the scratch subsidy for miners is not the way, they should earn from fees. Fair economy, without government subsidy shit. But then Satoshi still had to distribute coins. So he just put it in coinbase reward. But he could airdrop all btc in the same way as Tony did, just with some other methods. Maybe, maybe Tony should have done the same. Start with pow and subsidy, and move to witnesses over time. Maybe this would create stronger community, who know. I understand Tony's decision to go with distribution, it’s fair and it seems you are doing everything right to create a community. But that did not work. While some pow coins managed to create somewhat ok communities. Perhaps there would be more candidates on witnesses, more transparency. But this is only a version, the crypto is dying and small projects like obyte are at the forefront of this process.
Well, yes, I understand that I said stupidity, because there is no need pow for obyte and even if you want to, it’s unlikely to be realized. But the distribution was unsolved issue then. Whel he could airdrop it to vc investors like vitalik did, but this is no easier task than the rest