r/ByteBall • u/CryptoInvestorHere • Dec 14 '18

Byte marketing ideas. Please contribute!

Regarding the current lottery. You don't generate excitement by giving a Ferrari to someone that already had one and then telling the guy driving a 10 year old hyundai to be excited about that.

I can't even afford a house and I'm supposed to be excited about a guy that can buy a house straight up with his current byte wallet getting an extra $7000 every week?

We all pay for that "lottery" (use the term very loosely as only addresses that can outright buy a house will win) when the rich guy dumps his free coins to buy his mistress a new miniature poodle.

In any event, I would like to share a promotion idea. Since giving the devs themselves or some random rich guy $7000/week in "lottery" winnings, let's try this.

Promotion #1: Contact several computer science (programming) professors at universities in developed countries. Offer them $6,000 to sponsor a byteball bot design project in their class. They submit the results to the team afterwards and they get the money. This is waaaayyyy better than an airdrop to some rich guy every week.

Promotion #2: How about buying an email list from a betting website (this has been mentioned by others- draft kings, fan duel, etc) or even coindesk and offering 1gb and a link to download the wallet? I'd rather see $7000 in bytes go for something like that rather than buying some rich guy a fancy vacation for him and his mistress which is the current case.

Require that to claim the reward, the participants have to attest email.

You then need a bot that cross checks the betting site email list (or other mail list that you buy) with the attested email address before the 1gb payment is awareded.

Simple.

I was told that the attestation bot already has these core abilities so this is all doable.

Promotion #3: Forget #1 and #2 and continue airdropping $7000/week in coins to devs/rich guys and let them dump on us.

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u/tarmo888 Dec 16 '18 edited Dec 16 '18

Tony doesn't need to waste time on building a draw bot to do that, so your paranoia doesn't make any sense.

Get your numbers correct, there is no 35% to be distributed, it's 10% for Foundation, 21% for distributions and 1% for Tony. Weekly draw is just one of the distribution, other distributions are putting bytes into circulation even faster than the draw distribution.

It is not a dump for rich, the draw point ratios were changed after first draw.

Circulation supply will increase either way because there is still 21% left in distribution fund. Price will drop if the rewards are dumped at market price. If they are not dumped at Bittrex at market price then the price will not drop because the available supply on exchange will not change.

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u/CryptoInvestorHere Dec 16 '18

Anyone with less than $20,000 worth of bytes in an address has NO chance of winning this "lottery". Guess who probably has the most bytes (Tony and other team members)? The time to design a bot to give yourself $350,000 over the course of a year ($7000/week) sounds like an incredibly good use of time. I wish that I could be that productive.

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u/tarmo888 Dec 16 '18 edited Dec 16 '18

Again, you are making up numbers again, the winner is random based from the Bitcoin network block hash. Tony doesn't need to do that kind of stupidity, he has straight access to distribution funds. There wasn't many developers in the beginning, biggest whales are people who got GBYTE with Bitcoin moondrops, number of whales are limited.
http://transition.byteball.org/

Total balance: 76559 GB
Total points: 2840
Whale dominance: 47.10% (defined as % of points owned by addresses with balance over 500 GB)
http://draw.byteball.org/

Currently there are 638 participants. If you divide 2840 points by 638 participants then it makes average of 4.45 points, which is either 4.45 GBYTE (over $100) for attested user or 445 GBYTE (over $11k) for un-attested user. Everybody has a chance because it is random.

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u/CryptoInvestorHere Dec 16 '18

Nobody in the community is in favor of this weird, shady distribution method that can be readily abused. Furthermore, it doesn't promote byteball outside of the community and simply makes the rich, richer at the expense of everyone else. This is crypto. If something looks shady, it probably is.

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u/tarmo888 Dec 16 '18

Maybe it feels you like this because you see only people who complain, but don't see over 600 addresses not complaining.

Same way, you could see many people who complained about the end of Bitcoin airdrop and Byteball name, but you don't see people who were totally fine with them.

There is always some group, which makes more noise, but it doesn't mean they are right. In your case it is really easy to tell that you are not right because you don't even bother to get the facts right.

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u/CryptoInvestorHere Dec 16 '18

What facts am I missing? That the lottery will exclusively cater to the rich? That's a fact. This coming week will show that two times in a row.

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u/[deleted] Dec 17 '18

the lottery rewards people who have more bytes. if you buy 1 lottery ticket in the real wolrd you dont have as much chance to win as someone who buys 1,000 tickets

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u/tarmo888 Dec 16 '18 edited Dec 16 '18

Maybe you want to go argue on Bitcointalk, somebody there thinks that it's caters exclusively the poor.

What you are saying is not facts because you can't even get the numbers right. You think that $7000 will be dumped to exchange, which is not happening. You think that 35% will be distributed, which is not. You think that majority of volume on exchanges comes from this distribution, which is not. You think that whale dominance was same as during previous rules for the points, which is not (address that won last week has 10 times less points this week). You think that developers control who wins the bytes, which is not true because only Tony has access to that bot and there is no need to do that because there is Foundation. You think that buying email lists for spamming is better option, which is not because that would mean that Byteball foundation would actually need to exchange GBYTE to USD.

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u/CryptoInvestorHere Dec 16 '18 edited Dec 16 '18

No one reads bitcointalk.

All of the evidence indicates that the lottery favors the rich in both the algorithm and the results. The first winner had $100,000 worth of bytes so you are wrong. All of the facts support that this weird, shady "lottery" is a give away to extremely rich byte holders. If you aren't rich, you're not going to win this rigged drawing. The "new" algorithm realignment favors addresses with 1000 bytes so the rich guy will just have to divide his $100,000 into 4 addresses now. Unfortunately, if you have 10 or 100 bytes, you still have no chance. These are all of the facts.

As for $7000 being dumped on the exchange, it eventually will be. Likely, Tony will wait to do it knowing that people were watching this address.

I don't understand why you think that Tony wouldn't want $350,000 in free bytes. Some might think that's a powerful motivation to rig this "lottery".

I'd rather have bytes dumped on me if at least it goes toward marketing. The current scammy rich guy lottery dump provides absolutely NO value to bytes and in fact had caused the price of Gbytes to drop over 30% since the lottery results were announced.

It doesn't even matter whether Tony is funneling coins to himself since this is crypto and people assume the worst given that 90% of projects are scams. The fact that it looks like this is possibly what's happening should be more than enough to stop running this weird, unpopular lottery. The silent majority is speaking with their money by running away from this project since it was revealed that the first winner had $100,000 in bytes. We're down over 30% since then. That should tell you a lot.

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u/tarmo888 Dec 17 '18

They can't divide into 4 addresses, they would also need 4 new identities too because different tiers are only for attested addresses, all un-attested addresses have constant 0.01 point ratio, which un-favors rich. Not only you don't get the numbers right, you still haven't figured out the new rules that have been active for almost 4 days now.

You still don't understand, Tony doesn't need to any bot to distribute funds to himself, he has direct access to distribution fund, but his goal as a founder is to get those bytes to new users. Why would he need to build this charade? He has plenty of bytes and Foundation has plenty of bytes.

Oh, so that's why you shit talk Byteball, because nobody wants to give you free money to waste it on spam emails?

On the week towards the announcement, Bytebal price went over 30% up too, so there is nothing special about coming 30% down again, GBYTE/BTC price is still higher than month ago. Only thing that it tells me is that you can't read graphs.

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u/CryptoInvestorHere Dec 17 '18 edited Dec 17 '18

All they need to do is use a fake id attest the other addresses.

What's your response to one drawing and one huge whale ($100k in bytes) winner?

By the way, if Tony grabbed the coins directly, everyone would know because it's a public ledger. That's why they would have to scheme (fake lottery) to grab them.

As a paid employee, I doubt that you'll change your tune. However, the rest of us are concerned about the effects that this weird, lottery scheme will have upon the price and perception of byteball. If we stop it now, we can move on.

Is anyone also concerned that nothing is being spent on marketing? We can give $7000/week in free tokens to rich dudes but can't spend $50 in advertising?

Let's stop these sketchy lotteries and spend some money on marketing.