Quote from: fuk on December 31, 2019, 12:40:24 AM

Quote from: tarmo888 on December 30, 2019, 11:31:13 PM

"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, its 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, Bitcoin distribution only worked until you were able to mine it with your CPU and GPU, which most people have. All you needed to do was run the miner and your got the money. Nowadays you can do that with Ethereum, but even then you need to be in mining pool where you trust that the pool operator will pay you your share of work.

The podcast is long, but one of the topics we covered was also the fact that Bitcoin mining nowadays is just a security theater and protection racket. You are not protecting Bitcoin from outside force, you are protecting Bitcoin from other miners. In the end, there is not much point to have multiple PoW coins, the one with most hashpower matters, rest could be easily attacked.