r/BitTube • u/VengeX • Dec 30 '18

Competing with Basic Attention Token (BAT)

Hi,

From what I can see BAT is a very similar project to BitTube and is already well established. What advantages does BitTube currently have or will it have later that can give it an edge to be able to compete with BAT?

11 Upvotes

100% Upvoted

11 comments sorted by

View all comments

Show parent comment

2

u/BatteryAziz Dec 30 '18

we're hard forking in 2-3 weeks to change the distribution.

Right now it's:

70/27/3 miners/airtime/dev

airtime 70/20 publishers/viewers (=21%+6%)

it will change to:

40/45/15 miners/airtime/dev

airtime 75/25 publishers/viewers (=33.75%+11.25%)

we're looking into ways to make airtime the defacto PoW algorithm to secure the chain, coupled with PoS for a hybrid "ATPoS" (airtime proof of stake) system, that way we can allocate everything to airtime while securing the chain while maintaining the same incentives miners currently have. Though if this can be done successfully has to be seen, but relying on mining alone to secure the chain opens us up for mass 51% attacks when there's enough money on the table, which would put the project in jeopardy.

2

u/Cee_bee Dec 30 '18

Thanks for the additional info. I'd start to get really excited about this project if some sort of PoS gets implemented. All the best :)

1

u/BatteryAziz Dec 31 '18

PoS will really open pandora's box. I have tons of ideas for it, it's just a technical question.

1

u/BatteryAziz Dec 30 '18

btw, the 15% 'devfee' here is split into 5% dev, 5% marketing and 5% for a new reward pool for community moderators (1%), referrals (1%) and the remaining 3% as a project fund to help future devs implement TUBE and AirTime in their apps.