I've created an asset based on Byteball, very cool and very easy, except that the name of the asset MUST me a hash, which makes it quite useless for most of the uses. Is there any plan to improve this feature and to add the functionality of chosing a name for a created asset?
Yes there is a plan for broadcasting asset names, this will be likely controled by the hubs. If this happens, will unique names be enforced? Waves has the problem that fake-Bitcoins are called Bitcoin and trades in fake Bitcoins even show up in the real Bitcoin trade history. Waves Tokens are highly used/abused to scam. If you had your GBYTE on Bittrex during the Airdrop, you got the GBYTE accordingly from the Drop but there is no chance to get the Blackbytes right?
Not exactly. Your GBYTE on Bittrex didn't get any airdrop, but if Bittrex had any GBYTE left in your Bittrex deposit address (in other words: Bittrex didn't use your deposit yet for someone else's withdrawal), it received the airdrop. The related Blackbytes are unclaimed and send to the Byteball community fund. |
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Definitely could be an issue with the driver. As for "continuing" the work - it doesn't resume as you're thinking, my understanding is five identical machines running to 20% would be the same as one machine running to 100%.
It will never reach 100%. Think of it as throwing a dice trying to hit a 6 four times in a row. You can stop and continue at any moment, previous misses don't need to be saved, you just start at random again. |
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1Sapiens
I suggest to try again, but with options -i -k. This way, at least you get to see some results during the search. |
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Crunching numbers!
Although I've lost some customers again this month, and no new costumers joined, the total amount linked through me went up from 11 to 18 BTC.
The Byteball price dropped even harder than "normal" this time. It was 0.246 BTC just 5 days ago (when I updated the thread title), and 0.1122 BTC per GBYTE when I sold after the airdrop. Unfortunately for me, like last month, I've been holding my own bytes, and although I gained a bit more again, the total value went even further down. I still have high hopes for Byteball though, the new distribution model will probably be a good way to reach much more users.
Payments
Some people responded here in the thread, some per PM, and some per email. I won't reveal who gets and owns what, I will only show the txid of payments: 238e08bce1b6decb2786cdc009d10d2cdf96ee0adb98f1618d07c8425af634e1.
Feel free to respond here though!
Three people took the opportunity to speculate: I'll sell their share on September 1. I'm curious to see how this turns out for the price, especially since the Byteball airdrop distribution method is changed from next month.
For my loyal customers: I'm afraid my sharing program ends now. If you don't do anything, you're in again next month, but the new distribution method gives 90% less bytes for Bitcoin holders. Combined with the recent price drop, it'll barely be worth the Bitcoin fees to send.
Whales can still join, you need about 10 times more now for the same payout.
Byteball will also have a 10% cashback through selected merchants. I might be able to use my sharing program for that. I'll update here once the details are announced.
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Thanks Tonych for the airdrop  I'm sorry to see the price drop, but I love your new distribution schedule. I've said it before and I'll say it again: you have a unique cryptocoin with a unique distribution model. So far, you've done a very good job, and I trust your judgement on how to make Byteball bigger and better. Thanks! I got airdrop on Bittrex!I didn't even have a balance left, but my depo addy still had balance. I think this proves Bittrex didn't try to claim airdrops on their own. It's just a small amount, but a nice surprise anyway. Be careful with bittrex if you are an unverified user. They just dropped their withdrawal limit from 1BTC to 0.025 BTC without warning.
Mine: ACCOUNT TYPE LEGACY
DAILY WITHDRAWAL LIMIT 1337 BTC
To increase your limit on a Basic or Enhanced account, enable Two-Factor authentication here 1337 BTC? That used to be 1 BTC. When I click the "?": We support two types of accounts.
Basic accounts can withdrawal up to 3 BTC worth of digital currency equivalent per day if they have two-factor enabled.
Enhanced accounts can withdrawal up to 100 BTC per day if they have two-factor enabled. "Legacy" is not in their list of account types. |
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Last full moon the byteball price was growing because ppl bought for 20% bonus. Now the price decreases before airdrop... I don't understand  Last round people speculated to get the 20% extra, but it turned out to be less than the decrease in value. Therefore people now speculate on selling first, so I wouldn't be surprised to see the price drop a lot less tomorrow. The rules didn't change yet, the rules change after today's airdrop:After August 7 we'll reach more than 50% distributed coins and will start a new phase of our distribution.
It was stated from day one that the purpose of this distribution is to get this coin into the hands of as many people as possible. Both coins (bytes and blackbytes) are meant to be used as currencies, and this is only possible when there are many users and apps to interact with. We already have a sizable community, a number of unique apps, and we are the only crypto project to have an app distribution platform (the Bot Store), but there is still a lot of room to grow in terms of user count, number of apps, and willingness of users to use these apps.
Up until now, we were distributing only to holders of BTC and Bytes, i.e. we were rewarding holding. Now we are adding actual users into the mix, i.e. we are going to reward transactions.
To get you an idea of how we are going to do it, we are going to partner with several categories of companies:
- merchants
- payment processors
- "Bitcoin debit card" companies
and offer 10% cashback, paid in Bytes, for all qualifying purchases (no matter how the purchases are paid). The cashback will be funded from the undistributed pool. For example, a customer who bought for $100 receives $10 cashback in Bytes, paid to his Byteball address, at the current exchange rate. For merchants, this is something that would drive sales and they would put effort into promoting the offer. In competitive industries, a 10% cashback is a very powerful tool to lure customers. For customers, this is a 10% discount (which matters a lot in some industries). For Byteball, it is new users who will have to get involved into the system in order to receive the cashback.
A few companies have already expressed interest (not disclosing the names while it is a work in progress).
A few extensions of this offer:
- 20% cashback if the purchase is paid in bytes or blackbytes. This would incentivize merchants to start accepting bytes and blackbytes, and the infrastructure will stay after the distribution ends.
- merchants can offer additional cashback to their customers. Merchants fund it themselves by buying bytes from the market, and for every 1% funded by the merchant we add 1% more from the undistributed pool.
If you see similarity with existing loyalty points schemes, it is similar indeed.
At a minimum, we receive many new users who learn about Byteball from their merchants, plus working payment integrations. And the users are not just crypto fans, it may be their first crypto coin for many users. With the most user friendly wallet in the industry, we are in the best position to expand beyond the crypto village.
We can continue adding 10-20% to existing byte balances to incentivize keeping the received bytes before more infrastructure is built, rather than cashing out immediately.
Two negative sides:
- the scheme is less transparent than plain adding on top of existing balances, and some share of fraud is inevitable. Merchants might try to deceive us to receive coins for themselves by reporting nonexistent sales or selling to themselves. This is mitigated by good choice of trustworthy merchants and our ability to disconnect any merchant at any time on suspicion of fraud. Their customers can also try to find ways to abuse the system, again we'll require the merchants to prevent that by excluding some types of purchases, monitoring customers, enforcing caps, etc. Additionally, if the merchant funds part of the cashback himself, he has skin in the game to counter the customer fraud.
- these new users are not holders for the most part, they are more likely to sell. Not a big problem, the point is they already know about Byteball and it's easy for them to get back. The new users are new to crypto, many of them won't use exchanges, and somebody will have to create new easier-to-use channels to fiat, which is positive for liquidity. Also, 10%-20% monthly distributions discourage fast selling while the distribution is ongoing. And lastly, the merchants who fund 50% of the cashback would partially balance the markets by buying coins.
On balance, I'm sure that these negatives are tolerable when we are going to achieve a vast expansion of our user base and acceptance at merchants.
For the current distribution round, nothing changes.
For the next distribution on September 6, we are changing the ratios in favor of Byte holders and slowing down the distribution to have more time to build out the cashback program:
BTC to Bytes: every 160 BTC gives you 1 GB from the distribution (or 0.00625 GB per BTC).
Bytes to Bytes: every 10 GB of existing balance gives you additional 1 GB from the distribution (in other words, +10% to existing balances).
Similar ratios for blackbytes.
For those who receive their first bytes from cashbacks, Sep 6 will be the first distribution when they receive +10%.
I'll make announcements as we add merchants in the cashback program.
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Be right back!  ? Rollin.io is back! |
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Follow-up question: I'm doing a $500 giveaway this month (on behalf of Rollin.io online casino). As far as I know none of the people who joined use Byteball yet. Would this qualify for the 10% cashback? I'd be happy to ask winners for their Byteball address and give them 10% extra in bytes. Other giveaway threads could do the same. Could this qualify? It's not a purchase. |
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I don't think these are bad ideas. However it isn't ever cool to change the rules half way through. People that have been accumulating bytes on the basis of the old rules may not be entirely happy about it.
The distribution rules have changed before, and Tony never made it a secret he was going to change in favour of holding GBYTE. To get you an idea of how we are going to do it, we are going to partner with several categories of companies:
- merchants
- payment processors
- "Bitcoin debit card" companies
and offer 10% cashback, paid in Bytes, for all qualifying purchases (no matter how the purchases are paid).
Example: Say I'm new to this, and I buy a new phone from a merchant in the program. I pay $200 for the phone, and my merchant asks me to install a Byteball wallet? Is that how it will work? This would fit perfectly in the idea of using Tokens as a loyalty scheme, but as a new user I wouldn't want to install software to receive anything after a purchase. And if I don't install the wallet, will the merchant get to keep the $20? Or will it never be paid out? |
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honestly really surprised there has been this much selling and no buying leading up to the distribution....wtf?
It's no surprise: last month the price dropped 50% from before to after the distribution. Everybody who bought to get 20% more, lost money. Now people assume that, so they sell before instead of after. There will still be dumps after the distribution, but I expect it to be less. The 20% is kinda self-correcting the preculation if the difference in price gets bigger. |
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I guess that it is going to collapse again. 90% of those who get their Byteball coins will be selling all of their coins within the next 1-2 days. Only the remaining 10% are going to hold them.
You seem to forget every seller has a buyer too I also expect the distribution model to change a bit for the next round, making holding Byteball relatively more rewarding and holding Bitcoin relatively less rewarding. |
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Does anyone have an idea how i could still receive my blackbytes on the last rounds for the linked address or if not at least be able to receive blackbytes on an offline wallet in future ? As far as I know, you can't recover these blackbytes, and you can't receive blackbytes on cold storage. I made Byteball: Blackbytes FAQ to explain some things. Blackbytes are a very smart creation, but they aren't very intuitive to use. |
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When you get a chance, just double check the spreadsheet to make sure everything looks good.
Thanks, all good |
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As far as I know there is no roadmap yet. Where can I see the scaling roadmap though?
Correct. There is no roadmap. Tony doesn't make promises, he just delivers. |
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Yesterday three invalid entries were posted, I have deleted them. Please read the Quest thoroughly before posting. Spreadsheet updated! Today's Quest is still open |
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To be honest, there should really be some sort of automatic mechanism where deposits/inputs are able to be able to mixed together to produce a chip as soon as the chip inventory goes down to less than 10 BTC, for example. I assume this has to do with some cold storage protection. In case the server gets hacked, hot wallet shouldn't contain all coins. |
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Guitarplinker, I'd like to change my addy. From now on, can you please use 1Paydays4YWcXghQjwPPQH4mk7y4mGFV14 for my payments? Thanks! -----BEGIN BITCOIN SIGNED MESSAGE----- Today is August 5, 2017. From now on, please use 1Paydays4YWcXghQjwPPQH4mk7y4mGFV14 for my payments from Rollin's sig campaign. -----BEGIN BITCOIN SIGNATURE----- 1RoLLiNpNdPDKkgyngdSg5QHBqRqTUrFY G5sj18h80UW/sFNf0pzZuSF+B12WwjU6EIkKBbxb+KaYEsYZgpEu8NyNEd8SgQvrZ6HwYJ6T1NK2JfDUVbqAR0w= -----END BITCOIN SIGNATURE----- Verified at coinig.com. |
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Any special speculation threads for BCH please? I think I can't discuss them here.
Still if somebody could help, just tell me when the hell will this BullshitCash ever get pumped back? Now I am in a totally "fucked up" condition due to its price going 1/4th the price where I bought. Is it ever going to make that high or even my buy price (BTC0.21) back or is it a dream anyways?
I'm curious: Why did you buy it? Why did so many people buy it? Is it pure speculation, like most altcoins, without knowing what's really behind it? I wish I could have sold at that price, I only got my 20 confirmations just now, and sold just under BTC0.07. During the 30 hour wait for confirmations, I saw the price drop with every confirmation. That just means many people want to cash out. Long term I can imagine the price in dollars will go up again, when the Bitcoin price goes up much higher. I'd be surprised if the price in Bitcoin goes up much. |
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there are way to dump the privatekey in prune mode?
Yes. Dumpprivkey "address" works the same. You're probably confused with importing: that can't recover your balance in prune mode. What will happen if I receive some BTC to the "old" wallet, which private keys was imported to new BCash wallet?
Nothing should happen, but you can't know for sure if your private keys have been compromised by an untrusted wallet. My btc core wallet held 1.09 more btc than both the bitcoin and bitcoin cash blockchains showed. I sent all of them to the blockchain.info wallet successfully, so I know they were there. I don't have an explanation, assuming I'm telling the truth is there any?
Your wallet might need a rescan. Check your addresses on a block explorer, does it show a different balance than your Bitcoin Core showed? You mentioned in the original post that: generate a new wallet in Core and send your BTC there first.
It is only required if HD key generation is enabled in Core right? I've never found a clear answer to this. As far as I know 1 compromised private key from a HD-wallet doesn't mean the entire wallet is compromised, as long as your seed is safe. But I'm no expert on this, so I would like to see this confirmed. |
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