Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
tarmo888
on 01/01/2020, 23:29:38 UTC
I've seen Obyte has now started a discussion on Twitter/Reddit on the them of the draw - to continue or not this distribution lottery or to change it into perhaps a daily or even a hourly draw. As I've said in the past, I'd be in favor of either abolishing the lottery, or perhaps turn it into a daily/hourly one, which at least would benefit many more people. Concerns of price dumping if the lottery is abolished are quite irrelevant in my view - sooner or later the distribution will end and we'll have to face the market anyway.

Can you explain how having no incentive to HODL bytes on your address will not cause dumping and how the "distribution will end sooner or later" if stopped distribution will mean that undistributed funds will take even longer to be distributed? Not sure I understand this logic.

At current distribution rate and current price, distribution fund has 4-6 years runway, only thing that can speed up the distribution is either worse GBYTE price or even more bytes distributed every day. Obyte needs predictable distribution rate, Draw Airdrop currently has that, any other distribution method that could provide that? Except mining, that's stupid. Obyte already distributes via WCGrid.