What did you do with the Byteball (GBYTE) you received from the Steem airdrop?

in steem •  5 months ago

View the original post on Musing.io

I cashed out 160 dollars and currently holding a little over 1 GBYTE which is locked for 1 year. I guess I don't have any other choice but to hold them. I have some GBYTE in my exchange account as well.

Though I sold a lot, I still looked into the coin's history to understand what it is. I found that it is a dag cryptocurrency similar to NANO. But I wasn't quite impressed with the distribution. That's because Byteball airdrop to Steem users could be gamed very easily.

Many users were buying huge votes on newly created accounts to get high reputation scores so that they could game the system. This made a negative impression of the Byteball team to me.

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Very similar to me, Converted a little to FIAT and then traded the rest of my liquid GBYTE to STEEM. They the majority of my GBYTE is in smart contracts, therefore, I thought it would be safer to hold some of it in Steem rather than all in GBYTE.

In terms of the problems with the airdrop, yes it was slightly unfortunate that we saw so much abuse, the dummy account, referrals being sniped and the network going down for a few days during its launch, but overall it did help GBYTE increase it's visibility to a large amount of users, but I do have to wonder if giving amount they did was worth it and based on the small amount of replies and myself included a lot of people sold quickly and didn't look back.

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