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Bytes Cut Policy

Only 2 bytes per post, I'm sad :(

I'm pretty sure Omni has everything under control
RENT THIS SIGNATURE SPACE CAUSE I NEED BYTES TO GAMBLE WITH
(Feb 12, 2019 06:41 PM)Omniscient Wrote:  I don't understand the logic.  If you have 100k Bytes and after a cut you have 70k but the groups are 100k again then aren't you better off than if I just keep raising prices and going along with inflation.

We could be better off after a cut but you know all of the details of how that would work and I do not. If pricing on everything is adjust downward accordingly to ensure value is held, then I can support a cut. I'm just really unsure about whether value will be able to be corrected accordingly due to fear/uncertainty/doubt created by changes. I will trust your judgement here.

Quote:Oh and earnings for posts...just dropped too.  Now you earn 1 per reply and 2 per thread and .2 for replies to your thread.  

I agree with this as a means of preventing inflation.
(Feb 13, 2019 05:44 AM)webdev77 Wrote:  I agree with this as a means of preventing inflation.

As Omni said, bytes are meant to encourage posting. How does lowering the reward accomplish that?
Meh it's the same thing every time:

>New announcement
>Most people say they don't want it
>say forum gonna die or something
>Omni still goes with it couple days go by
>people realize it wasn't that bad after all

What happened with scratch cards v1 when they first came out should've been an enough lesson. if we talk price-wise, the prices droped that day to 100k-150k bytes for $10, then omni and xerotic reverted all amounts to what they were and the price went back to normal to $10 would get you +/- 1k bytes.

Let's take another example:

If you have 100k bytes now which will be worth (with a rate of $1 per 1k) $1000. Then everyone will lose %50 of their bytes. Now you have 50k bytes, they will still be worth almost the same price of $1000. Specially now that what we earn from posts and threads is way less now and awards, crews prices are still high. Demand will go up, and with the supply going down, the prices will go up.

but that's just my 2 cents.

EDIT: Another thing for people who Buy and Sell bytes. If you USE your fucking brain, This will make a lot more money than before.
Bleh
(Feb 13, 2019 07:23 AM)flavoral Wrote:  if we talk price-wise, the prices droped that day to 100k-150k bytes for $10, then omni and xerotic reverted all amounts to what they were and the price went back to normal to $10 would get you +/- 10k bytes.

Most of the time it's $10 for 1k, not 10k. 🤣
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(Feb 13, 2019 07:29 AM)Eagle 95 Wrote:  Most of the time it's $10 for 1k, not 10k. 🤣

Shit! typo sorry </3
Bleh
(Feb 13, 2019 07:31 AM)flavoral Wrote:  Shit! typo sorry </3

Well if you ever find 10 for 10k I want in 🎉
(Feb 13, 2019 07:38 AM)PerfectStorm Wrote:  Well if you ever find 10 for 10k I want in 🎉

yes sure, send me 10k bytes and i will sell them for you for $10
Bleh
This will definitely be more of an issue to those with a big amount of bytes. (+20k)
I don't think it is a big deal if you cut it in half. The market will adjust itself accordingly.
(Feb 12, 2019 06:41 PM)Omniscient Wrote:  btw,  Cartel Crew is now 1 million Bytes! Enjoy inflation guys.

Oh and earnings for posts...just dropped too.  Now you earn 1 per reply and 2 per thread and .2 for replies to your thread.  

I'll start making adjustments then on my end if members don't want me to cut the account Bytes.  I'll control inflation with other measures.

Everyone against this is going to greatly regret it.

That'll be a good measure. Since very fewer people will run a Cartel crew now and since it's difficult to earn Bytes now, the invisible hand as mentioned by the father of Economy will take over and keep everything in control :)
Do we know if the cut is going to happen?

Bytes right now don't have much of a value considering crews are 1 million and you're only getting 1 byte per post.
(Feb 13, 2019 09:26 AM)James! Wrote:  That's just ruining the mechanics tbh. Make cartel crews impossible to get and bytes impossible to get. How am I ever supposed to ever get a perpetual crew now?

I was against a cut originally but if you are going to do this instead of introducing something like a tax then I'd rather you just go back to how it was and do a cut. There is no point even trying to get bytes if it is impossible to buy the things that you can get with them and if it is impossible to get enough bytes to buy those things.

We could spend time looking at ways other than reducing post earnings and increasing cartel prices. A tax is one of the best ways to reduce inflation - we were taught this in economics two weeks ago. Is a tax on bytes something you're against or do you just not like the idea or something else?

Throwing the toys out the pram we call it here.
I support the cut and I’m not just saying that because I have 0 bytes my response would be the same if I had thousands I think there is to much being put Into circulation, while people are worried about there bytes being cut but value wise it makes perfect sense, bytes value is down due to the amount in circulation it’s funny I see most of the top byte holders in support of the cut while people with 1K being salty AF are you really concerned about losing 300 bytes. Because of your stupidity Omni will have to adjust else where hense the bytes earned by posting etc which will technically hurt your bytes balance more in the long run.

I’m sure I will get hate for this comment but it’s my opinion you’ve had yours this is mines accept it.
as omni said
(Feb 12, 2019 06:41 PM)Omniscient Wrote:  Everyone against this is going to greatly regret it.
(Feb 13, 2019 10:12 AM)Banter. Wrote:  I support the cut and I’m not just saying that because I have 0 bytes my response would be the same if I had thousands I think there is to much being put Into circulation, while people are worried about there bytes being cut but value wise it makes perfect sense, bytes value is down due to the amount in circulation it’s funny I see most of the top byte holders in support of the cut while people with 1K being salty AF are you really concerned about losing 300 bytes. Because of your stupidity Omni will have to adjust else where hense the bytes earned by posting etc which will technically hurt your bytes balance more in the long run.

I’m sure I will get hate for this comment but it’s my opinion you’ve had yours this is mines accept it.
as omni said
I agree as well.

It has to be done to keep it from inflating.
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