Marc De Mesel: Byteball SALE 33% Off
Airdrops cancelled for good. Very positive news in my opinion yet price collapsed as some think inverse. Couple days back going rate was 0.062 BTC/GBYTE, now for sale at 0.040. Great buying opportunity if you still want to boost your exposure.
The argument that existing coinholders bought on the premise of not getting diluted thanks to the airdrops, and by cancelling them they are at much higher risk to get diluted, is not correct. Dilution means seeing your share of a company/coin go down, while not getting any extra value on return, and thus see the value of your shares/coins go down. Also known as inflation in the currency world.
However byte holders would only get diluted/inflated away if indeed coins are given to others of higher value than Byteball gets in exchange for those free coins. This however is exactly what the new distribution methods like cashbacks, verification program, etc, are trying to achieve: give free coins to those that increase the value of Byteball. By not distributing any longer the limited remaining supply of coins to existing coinholders, there are many more coins left to get new people into Byteball, than if the airdrop was not cancelled.
So yes, risk for dilution is higher now for existing coinholders, but chances Byteball will find real adoption have increased a lot too. Hence why I believe this is very positive news.
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