New topic: LoyceV's Legendary Small-scale 10 Month 10 Person 10 Altcoin Investment Experiment: ROUND 2
LoyceV's Legendary Small-scale 10 Month 10 Person 10 Altcoin Investment Experiment
I want to try something new, just for fun: 10 people each put 0.01 BTC ($18.80 now) in a pot, for which I buy 10 different altcoins. Every participant can choose one altcoin to buy. After the tenth person joined, I'll buy the altcoins at bittrex.com. 10 months later I'll sell everything, and return the pot equally (after fees taken by Bittrex and miners) to all participants. Every month I'll give an update here of the current values.I would prefer to create a new Bittrex account just for this, but since they're implementing KYC, an anonymous account might not work anymore 10 months from now. So I use my existing account. After joining, you agree to stay in until the 10 months have passed. You also agree to any altcoin the other participants pick. Note that the altcoins have to be available at Bittrex. Also note that you can lose (most of) your 0.01 BTC, but we can hope it goes up.I'm a bit in doubt if I should open an address already, or wait until 10 people have joined. Waiting makes it a risk that people back out again, so I won't have 10 participants. For now I'll see if enough people are interested first. If less than 10 people join, this thread ends.Update (September 26, 2017): It took 10 weeks for 10 people to join. If you joined, please check your address here and deposit 0.01 BTC. Please check if your wallet subtracts fees from the amount you send.To join FULL! (pick an altcoin that hasn't been picked yet, and use an address you can still access 10 months from now) Post this, replace my details:
Bitcointalk name: LoyceV
Altcoin I choose: GBYTE
I will pay 0.01 BTC once 10 people joined: yes
After 10 months, return my 10% to: 1foreverDArUNEX2gVD26vautcx3b8zTZ
The last deposit arrived on October 4, 2017. On the same day I bought 10 altcoins. Click for an overview.
For reference: 0.1 BTC is worth 433.60 now (Bitcoinaverage).Sell all date
August 4, 2018No spam
All my threads are now self-moderated to stop signature spam. I will remove all irrelevant posts. If you quote the entire OP, your entry will be deleted.
Once in a while I'll summarize posts and clean up this thread.I want out!
You can't! Once you join, you agree to stay in for the full 10 months.Unofficial waiting list for Experiment 2.0
Many people have shown interest to join a next version of this experiment. I'll open a new thread after month 8. I have an "unofficial waiting list" of people to notify.Disclaimer
Although unlikely, several things can fail. Off the top of my head:
Bittrex can delist a certain altcoin if it's no longer worth anything.
I keep the altcoins on Bittrex. Bittrex can disappear. I don't expect it, but it has happened with other exchanges in the past. If this happens, your money is gone, just like my money. That's why I limit this thread to 0.01 BTC per person, consider it play money.
0.01 BTC of an altcoin can drop lower than 0.0005 BTC value, which is too low to sell it on Bittrex.Why trust me
Check LoyceV's Legendary Campaign/Services Portfolio to see what campaigns I am managing.
Check Payments to see me share about $1220 after the June airdrop. Subsequent comments testify to this.
See my Trust summary (click "Untrusted feedback").
Check my staked address to see my account is not hacked.
If this isn't enough: it's just $188 including my own money, I have no intention to running with that. I do this for fun, otherwise it would probably not even be worth my time.
If this still isn't enough: thanks for reading, don't join 
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I'm downloading now the full wallet, syncing takes a day it seems :-/ 124MB 2% now after may 15min with Mbit/s connection...
Hope I can delete the full wallet and just use my address after back again with light wallet? Is this possible?
I don't think it's possible, but I'm curious now. I'll add it to my list of things to test after it's done Syncing. |
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I linked a new byteball address with a new btc address for the next airdrop round. The chatbot told the correct btc balance but when I check the linked byteball address from the "Byteball distribution companion" it says that my btc balance is 0. Any idea what went wrong?
Also, if I just say "hi" to the chatbot, the bot tells me the right amount of btcs. Should I trust the bot or the "Byteball distribution companion"? Trust the bot and http://transition.byteball.org/, those two are the official Byteball sources. Strange is, that following directory does not exist not he older library which I saved:
macOS:
~/Library/Application Support/byteball
Was it different before the current updates?
I can't tell you, I don't have a Mac. Search for the directory, it must be somewhere on your disk. |
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Where can I set it to full wallet? saw this just when I downloaded and started it first, don't find a part to change this on an existing one?
Close Byteball, rename your datadir (see code above) to byteball.old, and restart Byteball. It should ask you again. |
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Hi, I had an issue with my computer and had to completely renew the software. I have got my Byteball wallet seed but no backup file.
Do I understand it right, that my blackbytes are gone? Correct. If you didn't make a full backup and didn't save the data directory, your blackbytes are gone. or where are/were they saved? From https://byteroll.com/backups : macOS:
~/Library/Application Support/byteball
Linux:
~/.config/byteball
Windows:
%LOCALAPPDATA%\byteball When I try to backup my GBYTE using the seed it say I need to use full wallet. Can I just download full wallet (currently using light, old one was light as well). Download the normal wallet (which you have already), and set it to "full wallet" when you create a wallet. It will take a while (up to days) to Sync. |
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zeker interesse maa rEDG is hun net voorgegaan. Die hebben dan nog geen platfrom maar hoe ziet Betking dit soort concurrentie?
gr E
Ik moest even zoeken wat je bedoelde: ze adverteren "EDGELESS", maar als je verder leest komen ze op 0,83% tot zelfs 4% winst voor het casino. Ze adverteren met "transparant" maar dat is het dus zeker niet. Deze posts leggen aardig de vinger op de zere plek: Lol 0% edge...
Then the white paper states that imperfect play and mistakes gives the house an edge...
This is just retarded.
There is no such thing as perfect play when gambling!
And mistakes? Really? What would be considered a player mistake?
Please provide 1 simple situation where a player mistake or imperfect play is guaranteed to give the casino an edge.
I doubt this site will even make it into 2018... lol 0% edge... with 15% Apr..
Good luck. Doa
I know a lot about casinos, more then anyone here and I've read your whole post and I can say that without a doubt this is 100% the stupidest ico pitch ever. Be a big man and run a real casino like I have and then maybe you'll understand why your idea is the shitspits.
Frank Lefty Rosenthal signing out.
En je zegt het zelf al: "ze hebben nog geen platform". De meeste ICO's hebben slechts 1 doel: geld ophalen. BetKing heeft zichzelf de afgelopen jaren al bewezen. |
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Think of it as of a free thread bumping service. Use [Ignore] button to not be distracted by our posts.
There are limits to bumping too. I'd prefer to only read ontopic posts here, my ignore button is reserved for giveaway cheaters. And although I love to read your (plural!) petty fight, I prefer to read all in Meta section, while eating popcorn. Not here. |
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I've added this link to the OP:It's a very good read to get some in-depth knowledge about blackbytes:So if I understand correctly, the public block chain is just a "bag of hashes" which cannot be verified or anything by any node or miner. It is just a block chain of "data". These data only have meaning for the people receiving "banknote files", which allows them to check the validity of the whole "banknote". The hashes are in fact nothing else but hashes of "signed transactions", like with bitcoin, except that only the *signature hash* goes on the public block chain, and the actual transaction data remain on the individual banknote file. Is that the gist ? In fact, you need, as you say, TWO signatures (or hashes of signatures): one is the transaction signature (including the new beneficiary) and the other is the "spend" signature of simply the previous output. The first signature (spending signature) makes that you cannot do double spending any more (you have invalidated the file up to the point where you transmit it), and the second signature allows the receiver to have a valid "new address" that he can spend (and only he, because only he has the secret key that goes with it like on bitcoin).
This is indeed a very, very good idea ! I am now wondering if this is the reason Tonych created Byteball. Although currently Blackbytes seem highly undervalued and barely understood, the more I understand about them, the more I think this is the real value of Byteball.Is there some reason why GBB can't be traded on an exchange?
An exchange would need to pair wallets to transfer Blackbytes, it requires some coding but should be possible.
Also: read Tonych's thread above, it explains how the entire history of blackbytes is stored with the current owner. That makes a decentralized exchange better for privacy of blackbytes.
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I've been wondering about some blackbytes-details for a while, and started testing. I've created Byteball: Blackbytes FAQ to share my test-results. If I post it in this thread it quickly disappears somewhere on page 558.Summary:Q. What happens when I restore an old backup after receiving blackbytes? A. The blackbytes are gone! Q. After restoring my backup (see previous Q.), I request the sender to click "re-send private payloads". Do I receive my blackbytes again? A. Yes. Q. What happens if I restore an old backup after sending blackbytes? A. The wallet shows the wrong number of blackbytes. Q. After restoring my backup (see previous Q.), I try to send blackbytes. Does this work? A. No. Failure: "Could not send payment: precommit callback failed". This is crucial to understand: after restoring an old backup, the receiving party can restore his blackbytes if the sending party re-sends them. If the sending party restores an old backup, he loses the blackbytes he had in a change address. Q. Would a 1 out of 2 multisig wallet solve this? A. Yes! Suppose your computer crashes right after sending or receiving blackbytes. That means your latest backup doesn't have them. But, if you have a 1 out of 2 multisig wallet on another device, that wallet still holds your new blackbytes! After restoring the backup you have 2 different amounts of blackbytes (one correct, the other incorrect). After I've sent all blackbytes from the correct wallet to another wallet, the incorrect (multisig) wallet also shows 0 blackbytes. Problem solved, blackbytes saved! Q. What happens to a 1-in-2 multisig wallet when blackbytes are sent when one of the two is offline? A. Payment arrives in the online wallet. When the other wallet comes online too, it quickly updates it's blackbytes balance to the right value. Q. Why can't I send a certain amount of blackbytes? A. User "glitch" (on Slack) explained Blackbytes very well: "it (Blackbytes) exists in pieces of 1 2 5 10 20 50 100 etc. i figure it is like when you get your money at the start of a game of monopoly..." From the 16MBB I sent to my test-wallet, I couldn't make any transaction for less than 100kBB. I know it is possible to make smaller payments, but only if you have the "smaller units" in your wallet.
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Very quick summary
Byteball has two build-in currencies: bytes and blackbytes. Bytes can be traded at Bittrex, blackbytes are untraceable and can't be traded at an exchange (yet). They can only be exchanged after pairing wallets. The Byteball wallet has a chat in which you can do this.
For general information on Byteball, go to the main thread. My thread is meant to understand blackbytes.
Until recently, blackbytes were a bit of a mystery to me, so I did some experiments. I can recommend it: create at least 2 new wallets for testing purposes, send a small amount of bytes and blackbytes, and play around with the features Byteball offers.Nomenclature
bytes = base unit
kB = 1 thousand bytes
MB= 1 million bytes (currently worth about $0.50)
GB/GBYTE = 1 billion bytes (currently worth about $500)
blackbytes = base unit
kBB = 1 thousand blackbytes
MBB = 1 million blackbytes
GBB = 1 billion blackbytes (currently worth about 0.02 GBYTE ($10) according to Slack)Fees
Byteball requires 1 byte fee (paid to the Witnesses) per byte of data it stores in the DAG. A GBYTE transaction costs about 600 bytes fee ($0.0003) without special conditions, a GBB transaction can be larger, say up to 10,000 bytes ($0.005), depending on your exact payment. Low enough to neglect, just remember keep a few bytes in your wallet if you want to send blackbytes.Blackbytes trading
Slack channel #trading_blackbyte has a bot that shows BID and ASK orders, but you need to do manual pairing. Byteball Wiki explains how.My test setup:
These 4 light wallets all run as a different user.
I can definitely recommend playing around with a Byteball wallet with just some play money in there. I installed a VM for this, created 4 Byteball wallets under 4 different usernames, sent 8 MB and 16 MBB (worth only a few bucks) to one of them, and played around with many of the features. It gives more confidence in understanding the wallet, without risking my real wallet.Test resultsQ. What happens when I restore an old backup after receiving blackbytes?
A. The blackbytes are gone!
Q. After restoring my backup (see previous Q.), I request the sender to click "re-send private payloads". Do I receive my blackbytes again?
A. Yes.
Q. What happens if I restore an old backup after sending blackbytes?
A. The wallet shows the wrong number of blackbytes.
Q. After restoring my backup (see previous Q.), I try to send blackbytes. Does this work?
A. No. Failure: "Could not send payment: precommit callback failed".
This is crucial to understand: after restoring an old backup, the receiving party can restore his blackbytes if the sending party re-sends them. If the sending party restores an old backup, he loses the blackbytes he had in a change address.
Q. Would a 1 out of 2 multisig wallet solve this?
A. Yes!
Suppose your computer crashes right after sending or receiving blackbytes. That means your latest backup doesn't have them. But, if you have a 1 out of 2 multisig wallet on another device, that wallet still holds your new blackbytes! After restoring the backup you have 2 different amounts of blackbytes (one correct, the other incorrect). After I've sent all blackbytes from the correct wallet to another wallet, the incorrect (multisig) wallet also shows 0 blackbytes. Problem solved, blackbytes saved!
Q. What happens to a 1-in-2 multisig wallet when blackbytes are sent when one of the two is offline?
A. Payment arrives in the online wallet. When the other wallet comes online too, it quickly updates it's blackbytes balance to the right value.
Q. Why can't I send a certain amount of blackbytes?
A. User "glitch" (on Slack) explained Blackbytes very well: "it (Blackbytes) exists in pieces of 1 2 5 10 20 50 100 etc. i figure it is like when you get your money at the start of a game of monopoly..."
From the 16MBB I sent to my test-wallet, I couldn't make any transaction for less than 100kBB. I know it is possible to make smaller payments, but only if you have the "smaller units" in your wallet.
Q. Why can't I remove a device from my paired devices list in chat after a smart transaction?
A. I don't know. User "slackJore" (on Slack) has a workaround: "you can rename the device to zzAnnoyingDevice or something and sort it to the bottom"
Q. What happens when 2 wallets connect with the same pairing code?
A. Only the first one who uses it gets paired. Each device needs it's own unique pairing code.
Q. Can I test this and send you some (black)bytes?
A. Sure! Pair your wallet with mine, ask me for my payment address, and send me any (black)bytes you want to get rid of. I might send some back. For testing: just stick to small amounts, see how it works. First, choose a pairing code:
A8JlWkrGQd9XxG7VPAtyWs2uzVuVqMlJOBpu8rusG8v0@byteball.org/bb#h4VO6hp/BJHS
A8JlWkrGQd9XxG7VPAtyWs2uzVuVqMlJOBpu8rusG8v0@byteball.org/bb#zYUIllnVzkc/
A8JlWkrGQd9XxG7VPAtyWs2uzVuVqMlJOBpu8rusG8v0@byteball.org/bb#CLZm7uPmOR7I
A8JlWkrGQd9XxG7VPAtyWs2uzVuVqMlJOBpu8rusG8v0@byteball.org/bb#3BxgIHacjYV6
If it connects to "New", that means someone used it already. Remove "New" and use another one.
If it connects to "test1", you've reached my testing wallet. Say hi!Analogy*
Think of Blackbytes as a post-it handed to you by the previous owner. The post-it says: "you are now the new owner". Together with handing you the post-it, the DAG registers that the previous owner is no longer the owner of these Blackbytes. The DAG does not register who received the post-it.
Now, if you lose this post-it, the previous owner can simply give you another post-it that says: "you are now the new owner".
If you want to give your Blackbytes to someone else, your post-it contains all the information you need to create a new valid post-it for the receiving user, and to register the change of ownership in the DAG.No spam
All my threads are now self-moderated to stop signature spam. I will remove all irrelevant posts. If you quote the entire OP, your entry will be deleted.
Once in a while I'll summarize posts and clean up this thread.
Disclaimer
Use this information at your own risk.
Further reading
Hiding entire content of on-chain transactions (by Byteball dev Tonych)
Byteball Wiki on BlackbytesYou're more than welcome to add more knowledge on blackbytes to this thread!* tonych: "Very good analogy!"
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But yesterday i did read something about move towards GB holders.
Any particular info? July and also August: 16 BTC gives 1 GBYTE airdrop 5 GBYTE gives 1 GBYTE airdrop That's 16:5 From September, it can change. Tony's ultimate ratio would be 16:1, for example: 160 BTC gives 1 GBYTE airdrop 10 GBYTE gives 1 GBYTE airdrop This makes holding Byteball relatively more rewarding, and allows for a "soft landing" when the airdrops end. |
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If you find bugs, report them.
I have a few minor bugs. I already posted one on Slack, but it could easily be overlooked. I'll post here for reference, and send you a PM too. 1. Error missing directoryOn Linux, when I start Byteball on a new clean user account without ever logging in to the desktop environment, I get this error after setting my device name: Uncaught exception: Error: failed to write desktop file: Error: ENOENT: no such file or directory, open /home/test4/.local/share/applications/byteball.desktop This error doesn't happen if I create directory ~/.local/share first. It also doesn't happen if I start the graphical desktop environment first (this creates the directory too). To reproduce:create new user "test4" # never log in as test4 xhost si:localuser:test4 # allow user test4 to open programs onto my current desktop su - test4 /path/Byteball Required fix:Instead of giving this error, Byteball should create the directory it needs. 2. BlackbytesIt's not always possible to send any number of blackbytes. Example: I want to send 50 kBB, but I can only send 100 kBB. I don't have smaller units in my wallet. Required fix:If I cannot send a certain number of blackbytes, my wallet should inform me how much I can send. Feature request:I would like to be able to see what units of blackbytes I have in my wallet. 3. Linux file permissionsThe default file permissions on the Linux wallet are too restrictive: if I save the wallet as root, a user can't use it. Example: -rwx------ 1 root root 842920 Dec 6 2016 Byteball This should be: -rwxr-xr-x 1 root root 842920 Dec 6 2016 Byteball All 18,000+ files should have permissions that allows "other" users to read and (if appropriate) execute them. 4. Light wallets don't stop SyncingMy wallets are "Syncing" most of the time now, for more than 36 hours. Sometimes one or a few of them are done, but all light wallets continue "Syncing" again after a while. They all have different amounts of "private payments left". Restarting a wallet sometimes solves it. Screenshot:  Required fix:Syncing should be much faster than this. |
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Here's first idea, feedback please.
I'm not so much into designs/themes, maybe you could make it optional: Settings > choose theme? |
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- The prices are on my website bitcoinbypost.co.uk The prices change constantly, hence I'm directing you here.
It doesn't really inspire confidence if you mistype your own website... How does customs work on shipping gold? Will there be charges or questions? |
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How about you give someone a transaction signed from your cold storage, valid only from a certain block number (5 year in the future). If something happens to you, that person can broadcast the transaction and take your coins 5 years later.
You can provide the address (and private key) it transfers to with the signed message.
If nothing happens to you, you move your coins to another address every 4 years.
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do not scam me
If you're legit, it's likely to get scammed. If you're a scammer, well, let's start with that: please sign a message proving you own at least 1 Bitcoin. Sign with: "Today is Thursday July 13, 2017. This is sourabhboss1 from Bitcointalk proving access to funds". Let's continue this thread after you've shown a signature. Just to be sure: NEVER post your private key! |
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i linked my main BTC addresses to a byteball address generated offline Does that mean you told the transition bot an address that isn't part of the wallet you chat with? How to learn more about blackbytes? Can you do blackbyte cold storage?
To learn more: experiment! Create 2 (or more) "play wallets" with not too much value in there, and test how it works. Cold storage is not possible, you can only receive blackbytes in a wallet that has been online. I agree with this. At the moment people aren't really incentivized to sell, they will get a 20% bonus on what they hold anyway. so if someone has 1GBYTE, and there are 4 more airdrops, they will have 2.07 GBYTE after the last airdrop, even without holidng any BTC. That means that the price will have to more than half for it to be worth their while selling now, instead of later.
After each Airdrop, the maths changes. Next time it will be a more attractive time to sell, after 2 more airdrops, it will be even better.
I predict carnage after the last drop, but as you say, that is when the true price discovery phase starts.
This can go both ways: despite getting like $60 million per month for free, people are still buying Byteball. If the airdrop stops, there's no free money to dump anymore, so prices could go up. I can only assume Tony thought this through, because so far Tony did very well. |
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In de voorverkoop is tot nog toe ongeveer $300.000 opgehaald.
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And suddenly a 109btc sellwall on bittex.
I suppose get it while the offer stands?
If you look at the Byteball rich list, this is still not even close to the top. The top gets 10 times more per airdrop. |
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