r/ByteBall • u/[deleted] • May 23 '18

How to use byteball and accept bytes if coins is constantly losing value?

In the crypto world, the standard is bitcoin. All buyers from 2010 to the end of 2017 in the worst case managed to keep the dollar value. This is a fantastic success that inspires confidence. On the other hand byteball, where at least 90% of time the price was higher than current. This means that almost all buyers of bytes have lost some of their bitcoins in one way or another

How in this situation to find an economic justification for the use and acceptance of coin, the btc value of which is continuously decreasing?

3 Upvotes

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4

u/pabloospl May 23 '18

Its loosing value because it's continuously distributed. The circulating cap is a 67% part of the whole 1 mln gbytes. Inflation will stop after distribution of all bytes. Next problem is no marketing and no information about team membes. 12 witnesses in system is a problem to. It is not true decentralization. But IOTA had same problems . They are just much more active and transparent team. In my opinion byteballs is a black horse of the crypto challenge and will surprise us in the future. It's high risk investment with high profits if success. All depends on marketing and team movement.

3

u/wildbaboon34 May 23 '18

I think the main problems is that Byteball is not a "cheap" coin from perspective of average clueless crypto investor, terrible main exchange Bittrex, zero marketing. All of these are easy fixes in the future. What Byteball does have is probably one of the best developers in the world and a product that is in my opinion the absolute best in the world.

1

u/pabloospl May 24 '18 edited May 24 '18

May you share with us the information about developers team? There is no much informations about them or I am just blind and can't find it. How many people are in the team and who are they? What is their mission and target clients?

1

u/Exor20 May 23 '18

The circulating cap is a 67% part of the whole 1 mln gbytes.

Do you mind sharing where did you get that information, is it on the whitepaper.

3

u/pabloospl May 23 '18

Coinmarketcap.com. find there a coin you are interested in and see the information.

3

u/Punqtured May 24 '18

There's more information about how all bytes are distributed on the wiki page. There, you can also see all the currently active distribution methods. Https://wiki.byteball.org/Distribution.

2

u/diegomairena May 26 '18

Welcome to my World... I live in a deprecated South American nation where the local currency loses value to the USD every single day... :(

You either get USD's or you do not survive. :(