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    Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1236068 times)
    Thul
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    November 04, 2018, 10:03:49 AM
     #20681


    Ask your neighborhood why they are not interested in Cryptos and analyze the reactions.

    You should also remember to ask your neighbothood what they think about crypto once the financial market will have crashed worse than 2008 - as it surely will, and they will have lost their beloved FIAT money. I see many people now saying Byteball (as all of crypto) have no real world use. That's quite true... for now. But don't forget why Bitcoin was allegedly created in the first place: to create a form of money which would not disappear by magic as FIAT money DID disappear and in big quantities in 2008.
    We're now just setting the foundations for the future. And compared to other coins Byteball's tech is outstanding in this process.
    Who exactly is the bite balls target group?
    Mine, i.e. the producer and trader at least not. As a result, not the consumers either.

    My customers pay with Bitcoin. The customers of others especially with Monero. The latter in particular is becoming increasingly important. Monero has the highest turnover on BISQ.

    When Fiat crashes also the regulated markets crash.
    The already exponentially growing unregulated market will then gain enormous popularity and correspondingly the currencies that dominate this market, mainly because there is an infrastructure for it.

    So who should be interested in bite ball?


    We will see. No real predictions can be made for the day FIAT will crash. We'll then enter a stage of extreme chaos and therefore total unpredictibility. It's reasonable to think that the easiest to use coins will at that point eventually get sudden adoption by those unable to deal with more complicate coins and thrive. I find Byteball one of the most easy to use around, even though that aspect still can improved.
    This consideration has more to do with religion (hope and believe) than with facts.
    Depending on the wallet, the use of Bitcoin may not be more complicated. - But here there are clear, prominent features:
    They trade Fiat directly for Bitcoin. Why? Because it is possible.
    You exchange Bitcoin for goods and services. Why? Because there is a growing infrastructure for it.

    None of this can be offered by bite ball. Worse still: The bite ball regime has so far consistently ignored the naming of both factors. Rather one deals there with the development of useless nonsense.

    Consequence: Although technically better it will undoubtedly sink in the flood of other Altcoins, simply because the benefit is missing or cannot be convincingly conveyed. The demand is missing, and with a dumb distribution policy it is not increased either.
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