yeah it looks like this. Only few old coins did well over all time. The rest are shine, die and replaced by new.
Obyte shine time is ended in 2018. Even if this is not the end of crypto, this is the end of obyte
It is too soon to say like that. Next year will mark the first four years of Obyte and it will be an interesting year, not only because of Obyte itself but also because of crypto market in general. Altcoins which have good internal sources will do rally next year. I have never lost my belief in Obyte. If you look at the market with neutral perspective, you will see most of altcoins have fallen deeply more than 80 percent from their all time highs. Fortunately, this year is not the end for them, and not a dead year for all; strong survivors will do have another opportunity to shine again, next year. Also, next year is the first time when BTC inflation drops below 2%. https://www.bitcoinblockhalf.com/This probably won't start a bull-run immediately, but as soon as media starts talking again that Bitcoin is still not dead, everyone is back at "investing" in altcoins. Everybody who doesn't believe in Stock-2-Flow are either in denial or betting there will be less demand for BTC in less than a year than there is now. During past year, Obyte inflation has been between 5-7% and there is still 27% left to distribute, which should last for another 4-6 years. Features and tech usually doesn't matter for the price, but with Autonomous Agents, Obyte will be equally capable as Ethereum and in some aspects even better. When half of the witnesses get replaced then only thing that Obyte is lacking is the developers who would build on it. |
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Has there ever been a cryptocurrency that existed for a long time outside of the top 20 and then underwent a revival and became very popular? I don't think so. I think gaining and maintaining some high level of momentum is critically necessary to be a successful cryptocurrency. Maybe Byteball will be the first one, but I'm surely not betting on it.
How many in top 20 are old timers? Who is, beside some very few coins in top 20, maintaining high level of momentum? So, "successful cryptocurrency" is just top 1, top 2, top 3? Seems to me that general tactic is to make a new coin after every few years and let the old one die. No wonder it's difficult to get any adoption, if cryptocurrency lifetime is shorter that the fiat 24 year life-expectancy. |
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In the meantime all time low reached yesterday: 0.00178 BTC per GB.
Buy when there's blood on the street?
Or harbinger of further decline?
Can't be helped. The whole altcoin industry is largely abandoned by speculators and long time investors. The herd will go to where the herd will go. During these times, you will know which developers stuck around even when the financial gain is actually negative. Is 2019-2020 any different from 2015-2016? dotcom bubble? never heard). Crypto is in the same condition as dotcom companies without legit business. Only idiots continue to hope for a new bubble in this area) How exactly are those idiots wrong this time and were not wrong last time? When BTC gets back at ATH, all those non-idiot rational "investors" will be back FOMOing empty promises on white papers because they are unable to make a difference between turd and gem. Next time is not going to be any different, it will probably happen much quicker and percentage-wise not as much, but it will happen no matter how deep in denial you are. |
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In the meantime all time low reached yesterday: 0.00178 BTC per GB.
Buy when there's blood on the street?
Or harbinger of further decline?
Can't be helped. The whole altcoin industry is largely abandoned by speculators and long time investors. The herd will go to where the herd will go. During these times, you will know which developers stuck around even when the financial gain is actually negative. Is 2019-2020 any different from 2015-2016? |
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Presently the team is working really hard and continues developing no matter what price is and no matter what others say. And the results are impressive.
Congrats with the new witness candidate! I see the big opportunity with this relationship.
what results? Try to keep up, just scroll up to see the latest news or go to following addresses what has been done recently: https://medium.com/obytehttps://twitter.com/ObyteOrgI wonder if the project will not die off after no more GB are left to sell.
it will, what are you going to pay people when bytes are over? At current rate, do you realized that it would take 4-6 years to distribute all the Bytes? The same way how the price could still cut in half, the price could double too. Even more, staff can be let go during the times of the most shittiest price. That's not going to kill the Obyte network, eventually Obyte should work just from maintaining it, but currently Obyte has chosen to improve even further by implementing Autonomous Agents. Also, at current rate of replacing witness once in 6 months, getting 6 witnesses replaced (huge milestone) is only 2 years from now, but since there was fix to a bug, which caused the light wallets to lookup suitable parents from way far past, the speed of replacing witnesses should improve from now on. |
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Bad news -> sell. Good news -> sell. Crypto winter  Hopefully, it will not last forever, the number of Bytes is limited  I like the fact that very little is given for free these days. I can understand sellers who bought earlier and now cover losses. But those who get for free, I can't understand. My position is that the team gives me free shares in exchange for trust in their work -> hold them while the project grows and sell them when it is strong and mature enough. Presently the team is working really hard and continues developing no matter what price is and no matter what others say. And the results are impressive. Congrats with the new witness candidate! I see the big opportunity with this relationship. No, GBYTE is not shares, what you describe would be a security. GBYTE is fuel for the Obyte network (you need them to post anything to Obyte DAG) and Obyte has no control over the price and it will not pay any dividends from the work it does, Obyte Foundation is non-profit organization. GBYTE price depends on demand and supply of the community, but since the community has shrink so much during the bear market, not much BTC is needed to move the price in any direction. |
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2. Bosch is a witness candidate
Bosch means Robert Bosch GmbH - the world-known company from Germany, right? If yes I will definitely vote. Yes, but Robert Bosch GmbH has many subsidiaries, this witness is from Bosch Stuttgart Connectory subsidiary. |
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The functionality to backup all wallet data (including private data) is built into the wallet app in the Setting menu.
I'm still using the old-fashion style to backup my light weight client by doing it for the whole ....\AppData\Local\byteball folder and it never let me down. You are missing one of the features of built-in backup feature, which is the encryption with a passphrase. This makes it possible to backup your wallet to cloud drive. I guess you could do the same by password protecting the zip file or adding the password spending restriction, but that seems like lot more work. I never trust any cloud services when it comes to these kind of things and my wallet is not password protected. Why would I need it if the wallet is on my home computer. Anyway I use multisig 1-of-2 wallet and if even one of two is out off commission I'm safe. No trust needed when encrypted with strong passphrase. If the backup is on same machine as the wallet then it's really not a backup, but copy of data folder. But yeah, 1-of-2 wallet is good option too, but it would still be good to have a backup of that other device somewhere else too. |
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The functionality to backup all wallet data (including private data) is built into the wallet app in the Setting menu.
I'm still using the old-fashion style to backup my light weight client by doing it for the whole ....\AppData\Local\byteball folder and it never let me down. You are missing one of the features of built-in backup feature, which is the encryption with a passphrase. This makes it possible to backup your wallet to cloud drive. I guess you could do the same by password protecting the zip file or adding the password spending restriction, but that seems like lot more work. |
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With the new release of the wallet which is the best way to make the backup of a full node wallet, so that we backup also the blackbytes? Just to do the full backup or to copy the whole directory?
Why wouldn't you do it the same way you've done it in the part? Same process for all versions. Full Backup It makes a file you can use on any platform. Now, I think you might be asking how to convert a full node to a light wallet in an attempt to retain your bytes/blackbytes in the process? I'm just asking since I remember discussions in the past where it was suggested to backup the whole byteball directory so as to be sure to secure also the blackbytes. As for converting a full node to a light wallet I guess you could do that by just transferring you assets to a light wallet on another device, am I right? But in fact would then a full backup of a light wallet retain also the blackbytes? The functionality to backup all wallet data (including private data) is built into the wallet app in the Setting menu. Converting a full node to light node is complicated, you could: * transfer the blackbytes to some other wallet. * copy the seed words. * destroy the wallet and start it again to create a light wallet. * restore the seed words. * transfer blackbytes back to new wallet. |
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OByte use DAG as IOTA trying also to use - since years, but IOTA can't solve DAG well. IOTA seems to be the "first" and "big" DAG project, but IOTA isn't a true DLT, because the centralized structure through Coordinator. IOTA will be sold as DLT, but IOTA isn't a DLT project. So is IOTA a simple scam.
I agree that the existence of the Coordinator makes it horrible solution, but it's still a DLT. Good. I understand. IOTA is a kind of WCLT. (= well centralized ledger technology......) Well. Me "centralized" won't equal "distributed"...... Sorry. What's up with Tony these days? Still not caring about what other people recommend and doing only his thing? Project on #262 on CMC, so I guess this must be the case.
... CoinMarketCap ranking doesn't show any change to these announcement, it has been stuck at #262 since CMC introduced new ranking system for all coins outside top 200. CoinGecko ranks Obyte on #182 https://www.coingecko.com/en/coins/obyteLive Coin Watch ranks Obyte on #170 https://www.livecoinwatch.com/price/ByteballBytes-GBYTEI suggest, that OByte using #1 DAG algo! Yes, OByte is the first working DAG algo. Simple. Blockchain is popular, but don't better. It is then #1 ranking for OByte. Congratulation to all dev's! Decentralization is spectrum, not binary value. Open source enables us to improve Bitcoin and many have inspired by Bitcoin to build alternative solutions, trying to fix the shortcomings that Bitcoin has. Yet, for over 5 years, Bitcoin has preferred ASIC-miners, which has grown so big problem that you have to do it in pools to even have any chance to win a block reward. And who controls the manufacturing of ASICs - few companies, which products are hard to get in other ways than from those few, GPUs circuits are manufactured by many. Who could buy a GPU and mine ETH? Anyone who owns less than 1 BTC, just go to computer shop and buy bunch of GPUs. And who controls, which transactions get picked to next block? Mining pools, but it should be individual miners in pool who decide. All these improvements have been solved on many altcoins, yet Bitcoin is so centralized that none of that gets merged because it's not in the interest of ASIC manufacturers. Again, not completely centralized and not decentralized, it's a spectrum of many things. |
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OByte use DAG as IOTA trying also to use - since years, but IOTA can't solve DAG well. IOTA seems to be the "first" and "big" DAG project, but IOTA isn't a true DLT, because the centralized structure through Coordinator. IOTA will be sold as DLT, but IOTA isn't a DLT project. So is IOTA a simple scam.
I agree that the existence of the Coordinator makes it horrible solution, but it's still a DLT. DLT stands for distributed ledger technology, not decentralized ledger technology. DAG is just a database structure, a graph of nodes (transactions) that should be linked so they form specific direction and not circle back to previous nodes (transactions). Same as blockchain is just a database structure called linked list of nodes (blocks), technically it's also graph if you take account all orphaned nodes (blocks). Some say that blockchain needs to be decentralized and PoW too, but the main point that makes blockchain a blockchain is the Byzantine Fault Tolerance, which is also requirement for all DLTs. What makes the DLT a DLT is that the data is distributed and all nodes (databases) come to same conclusion (they add only valid blocks/transaction to the database in same order on all nodes even if they are received in different order). This solves the double-spend problem. Most mainstream people now call everything a blockchain, while what they actually mean is DLT. Both blockchain and DAG cryptocurrencies are DLTs. What DLT is not - a single database or multiple replications of a single database, which is operated by same operator. Obyte was a DLT even when all witnesses were operated by Tony. Now with 2 witnesses replaced, Obyte is even more decentralized than how Libra was suppose to launch (15/100 validators = 15%, 2/12 witnesses = 16%), but main difference is that Obyte witnesses don't vote on valid transactions or double-spends, they just provide transaction ordering with their own transactions. Cryptocurrency platform where the governance entity can censor transactions is still a DLT, just not very good one (Hedera Hashgraph, EOS). Bitcoin can be censored too if mining pools collude, but even then, it is still DLT. For example, mining pools could agree not to add any Satoshis transactions to new blocks and Satoshi would be fucked because there is no way he could build a mining farm that powerful now to compete with existing mining pools (unless he already controls one). It will still be blockchain and DLT, even if they do censor Satoshi. https://www.forbes.com/sites/ktorpey/2019/07/28/bitcoin-mining-centralization-is-quite-alarming-but-a-solution-is-in-the-works/#2ee71027530bhttps://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_powerhttps://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/ |
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FYI Yes, this thread is a scam accusation, but at the start I wasn't able to decide it.
......
But IOTA is a simple scam, I taste it already.
Then do the needful like first changing your Title. I doesn't seem to suggest that IOTA is scam, does it? I think, IOTA can be the biggest delusion ever ( not a scam of course  )... bitcointalk.org should show, IOTA is a scam, ... We should consider it already.[/b]
Scam is not morderated here so don't expect admin to do anything about it. It's your duty as a member to create a scam accusation with clear evidence and proof that a project is scam is you have been scammed or believe people are likely to be scammed. Please. I did. IOTA is scam because IOTA isn't a DLT, but listed, managed as a DLT, since YEARs here, on bitcointalk.org at this time also. Please ADMINs, do what is to do, in a such situation. We (community of bitcointalk.org) shouldn't scam people with scam projects as IOTA i.e. ... How is this related to Obyte? Is this an invitation to call IOTA a scam? In Obyte thread? IOTA is probably not a scam, but that's pretty much the only good thing to say about it. The words "scam" is so misused by cryptocurrency people. Like the quote above, "delusion" is more accurate word. IOTA is DLT, just not very good one. |
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There is no hard-coded limits how much TPS Obyte network can handle, just SSD and CPU are the limits.
It means when Obyte becomes more common in crypto, and more people use the coin for their transactions beside trading, I think there are minor risks of network congestion. Technically, the quality of hardware partially determine speed of confirmation. I consider it as minor risks because I think nowadays most of people and crypto enthusiasts in particular use devices that are good enough to process required things, on Obyte network, in particular. No, the quality of the hardware doesn't affect the confirmation speed. Confirmation speed is linked to how fast the main chain index grows, basically how many serial transactions are made by different wallets. Quality of hardware doesn't affect the TPS either, type of disk, database, CPU and optimizations of the software code determine that. At the moment, current tech stack is fine because we don't use even 1/30 of the capability. In the future, other implementations using different tech stack can be written for Obyte protocol. |
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I am interested in the confirmation time that presented in Obyte's Whitepaper (at the page #19) as below We estimate the best confirmation times to be around 30 seconds; this is only reachable if the flow of new units is large enough so that the witnesses earn more from witnessing commissions than they spend for posting their own units.
So in real time, and in average speed, how long does it takes to get confirmation for one transaction with Obyte? I wonder that the DAG-based blockchain still has risks of network congestions, right? Temporarily, network congestion maybe not a big problem with Obyte network but in the future the team should have plans to prevent it happens. I could be wrong, but I understand that 30 seconds confirmation speed needs around 3 serially posted transactions per second, continuously. I think the witnesses are coded that they will not post themselves faster than once in 30 seconds and they are also coded that if there is not enough transactions then they post at least once in 10-20 minutes. So, the current confirmation speed we see is purely because there is not enough constant usage on Obyte network even though Obyte nodes can handle constantly 30 TPS (and much higher temporary peaks). There is no hard-coded limits how much TPS Obyte network can handle, just SSD and CPU are the limits. Suggestion: The list of exchanges in OP should be updated. Volume of Obyte is too low and concentrated on the Bittrex exchange. I hope that Obyte team can spread the coin to other exchanges with good volume. Volume is source of growth for any coin, and it is extremely ridiculous to see the very low daily volume of a good coin like Obyte Yeah, OP probably needs to be updated, but the most up-to-date exchanges are on English language page, some other languages are not even rebranded to Obyte. https://obyte.org/#exchangesVolume is kind of catch-22, without volume, there is little interest and can't get more volume because there is not enough interest. Adding a coin to random exchange won't magically make more volume, unless you pay for wash trading service, which many un-regulated exchanges offer. The more people use available coin swapping services, the more volume there will be on Bittrex because most of them are connected to Bittrex anyways. |
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If we are solid on bittrex then that is good.
Bittrex is solid, but last year they de-listed many coins which couldn't prove that they are not a security and recently they moved their non-US legal entity from Malta to Liechtenstein (Obyte Foundation and its bank account is also in Liechtenstein). https://medium.com/bittrex/bittrex-international-update-bittrex-global-launch-2f64fca503fdWith the change of legal entity, they also stopped to service certain country residents https://bittrex.zendesk.com/hc/en-us/articles/360034965072-Important-Information-for-Bittrex-International-CustomersIf you are in any of these listed countries, you have until November 18 to withdraw all your cryptocurrencies. So, I would not recommend holding any crypto on any exchange for other than when you need to actually exchange it, no matter how solid they are. Keeping Obyte on centralized exchanges doesn't make any sense either because it is cheap to send and doesn't take more than 15-20 minutes to be fully confirmed. For those who have trouble accessing Bittrex US or Bittrex Global, there are multiple coin swapping services listed on Obyte website. https://obyte.org/#exchanges |
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I found a project named Obyte and they are using the same description with this project, is this the same thing or not?
look at this ...
Why would it be a same thing if the original thread is here? Don't install apps from random Bitcointalk threads that use the same name as original project. |
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I was just wondering how much contact TonyCH has with bittrex bill. It seems they will remove even highly credible developers projects if they deem them lacking in community activity or they are not in close contact with them regardless of the minimum volume requirement they state.
When they remove credible developer projects then it's obviously for other reasons. There is no minimum volume requirement if the project is still solid. https://bittrex.zendesk.com/hc/en-us/articles/360022158031-Why-Bittrex-Removes-Certain-Coins-or-TokensBittrex has delisted (lot from Bittrex US) many coins just based on regulation reasons (unable to prove that coin is not security), rest are probably delisted because they are broken or developers have abandoned it officially or by not maintaining it anymore. Obyte wallet (deposit/withdraw) on Bittrex goes automatic maintenance mode every time when nobody (including witnesses) post for long time. Every cryptocurrency project leader is in communication with Bittrex and these issues have been solved fast. Last time when Obyte network had bigger issues was this summer (nodes had issues couple hours and last summer (nodes were down 2 days). Since Obyte is one of the few innovative projects using DAG, it's not security and it actually works and gets improved all the time - there is no reason to delist it for Bittrex. Obyte is also not just maintained, but it's still improved with lot of new tech. For example, there is Autonomous Agents being tested on testnet and developer contest on it just ended.
Still holding a lot and was still accumulating (until cryptopia took a few hundred GB worth away) so obviously not saying it was dishonest or corrupt. Glad to see it had not been abandoned.
Doesn't make no sense to hold hundreds of GB on centralized exchanges. 100GB might not be worth much at the moment, but it seems nuts to keep that much on exchange. |
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