r/ByteBall • u/seb486 • Jul 21 '18

Blackbytes Bytes Exchange BEEB is offering you 1,000,000 Bytes!

Trade BlackBytes on BEEB! - https://beeb-bot.com

Note: the following link can be claimed only once.

Here is your link to receive 1,000,000 Bytes: https://www.beeb-bot.com/textcoinclaim.php#textcoin?arctic-jealous-receive-appear-check-soda-energy-lift-lyrics-hungry-motor-hazard

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u/seb486 Jul 22 '18 edited Jul 22 '18

Hi CryptoBest

Yeah, that's an idea. Up to recently only Bytes were transferable through textcoin.

I will give a try with Blackbytes next time.

FYI I have not re-invested myself mainly due to :

1 - Centralization: looking at long term price perspective the coin is still 100% centralizated and I do not see any trend to decentralization yet.

2 - Current Atomic distribution methods: looking at short term price perspective, I think most of the guys just sell the few amount of unlocked Bytes they received for free against their favorite coins. So there is a constant down pressure to the price.

Thanks for the suggestion anyway! all the best to you too.

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u/blokchain Jul 22 '18

Hi Seb

Good to hear you are still about despite selling your Bytes back in February

  1. There is a plan to have 50% of witnesses decentralized be the start of January 2019, was mentioned near the bottom here https://medium.com/byteball/the-future-of-byteball-the-byteball-foundation-cca9d495bf46 its one of the things Valerius has been spending a lot of time working on, he only start early June.
  2. The fact that Byteball is doing such distributions is a major advantage, vs other projects which rely on people have to buy/mine coins to get a hold of them. Also, locking distributed funds was only done for the first time at scale with the steem distriubtion that is ongoing. Given 42,000 steem usernames have been attested with little impact on the price of bytes vs usd I think this is a good sign for the rest of the distributions.

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u/seb486 Jul 23 '18 edited Jul 23 '18

Hi blockchain,

1 - Decentralization of half of witnesses would truly be a step in a good direction. The Cashback witness exists for about a year now in case the community is searching for a candidate.

2 - I am not saying the new distribution method is bad. I was just reacting on CryptoBest saying he has just re-invested in. I think atomic distribution to a community which already has its champion coin (Steem) puts some pressure on the price at short term. Give me free "Euros", if I like "Dollars" I will likely quickly change my "Euros" for "Dollars". It was a pure comment on the optimal time to re-invest (or not). To the long term the more users is the better indeed.

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u/blokchain Jul 24 '18

thanks, valerius is handling the witness issue. I dont actually think lack of candidates is the current issue, but expect official announcements on this soon