Hi, help me understand please: I have a main wallet. I can export its private key through the wallet seed. I also have a smart wallet created with the Steem Attestation Bot. There are money that I can’t spend until the conditions of the smart contract (1 year of freezing). My question is: Does this smart wallet have its own private key? How can I export it separately? (Smart wallet seed?) Do I own the address of the smart wallet that Steem Attestation Bot created? PS I know that I can make a full backup copy. The question is not about this now. I know that money earlier than the terms of the contract will not be fulfilled.  Thanks for answers. Smart-contracts (until they are not spent), contacts, private attestation profile data are all private data and only stored in your wallet, so it can't be backed up with seed words, but only with full backup. Seed words (user friendly version of private key) can restore only data that is on public DAG. When you create a smart-contract then the contract definition is only stored in wallet of both participant side. The definition is posted to DAG only when either side spends from that smart-contract because that's when other nodes need to validated if the transaction is valid. So, it doesn't have separate private key and cannot be exported separately, it just doesn't have all the public data in DAG when created. Restore from full backup and create full backups after every time you create a smart-contract/multi-sig/attestation that you can't afford to lose. Thank you very much for your answer. I'm just starting to understand how a byte ball works. Help me to understand. Why is the address of my smart contract (in which money is stored with Steam attestation) completely identical with my usual address and also visible in the blockchain if it is private information? That is shared address (based on hash of smart-contract definition) and you can see who deposited bytes to that address on explorer, but the definition is only in your and bots wallet. Definition is private only until somebody spends from it, so until you have not withdraw bytes from smart-contract to your actual wallet, others can't see what are the conditions of the smart-contract, this private info becomes available on Explorer when you have withdrawn (1 year from attestation) or bot has withdrawn (2 years from attestation). If you see the smart-contract address in your Receive tab then it probably means that you have selected the sub-wallet (smart-contract), you need to click the down arrow after wallet address and select your main wallet to see or spend from your main wallet. |
|
|
|
Awesome news, thanks for sharing! Could you please share the information here as soon as the new service is available since I am not member on Slack channel?
Slack is not only source of news, there is Reddit, Twitter, Telegram, Facebook and newsletter too. Reddit and Twitter probably the best because conversations are properly threaded, so you won't miss the important stuff if you don't visit it every day. And if you have Freebe bot already added then you should have got that news already via bot. |
|
|
|
Hi, help me understand please: I have a main wallet. I can export its private key through the wallet seed. I also have a smart wallet created with the Steem Attestation Bot. There are money that I can’t spend until the conditions of the smart contract (1 year of freezing). My question is: Does this smart wallet have its own private key? How can I export it separately? (Smart wallet seed?) Do I own the address of the smart wallet that Steem Attestation Bot created? PS I know that I can make a full backup copy. The question is not about this now. I know that money earlier than the terms of the contract will not be fulfilled. Thanks for answers. Smart-contracts (until they are not spent), contacts, private attestation profile data are all private data and only stored in your wallet, so it can't be backed up with seed words, but only with full backup. Seed words (user friendly version of private key) can restore only data that is on public DAG. When you create a smart-contract then the contract definition is only stored in wallet of both participant side. The definition is posted to DAG only when either side spends from that smart-contract because that's when other nodes need to validated if the transaction is valid. So, it doesn't have separate private key and cannot be exported separately, it just doesn't have all the public data in DAG when created. Restore from full backup and create full backups after every time you create a smart-contract/multi-sig/attestation that you can't afford to lose. |
|
|
|
That maybe so, but the WCG users are probably NEW Byteball users (which is the actual purpose of a coin distribution ...), whereas the people registering for the lottery are exclusively ALREADY EXISTING Byteball users, which doesn't help the coin at all.
Probably, but most likely not. Hard to tell if most of them are in a pool anyways and maybe don't even know that Byteball exists. So, the pools doesn't fill the purpose of this distribution and that has been the main reason for the rule change. Say what? 1% is an "increased chance"?  That is for the point base draw and only up to 10 GB, that is not counted in balance based draw. There are now 2 draws, 100 GB and 211.11 GBB for the Prince of Whales (balance based) and 100 GB and 211.11 GBB for the King of of Goldfish (points based). Each of both draw's referrer will also get 100 GB and 211.11 GBB, so maximum is 4 x (100 GB and 211.11 GBB), but so far no referrer has been lucky yet, I guess not enough referrers. This is how the point rules (not balances draw) for attested and un-attested have changed: * Real-name attested addresses get 1 point per GB of balance up to 10 GB, plus 0.1 point for each GB between 10 GB and 100 GB, plus 0.01 point for each GB above 100 GB.
* Unattested addresses get 0.01 point per GB of balance.
* Real-name attested addresses get 1 point per GB of balance up to 10 GB, plus 0.1 point for each GB between 10 GB and 1000 GB, plus 0.01 point for each GB above 1000 GB.
* Unattested addresses get 0.01 point per GB of balance.
* Real-name attested addresses get 1 point per GB of balance up to 10 GB and additionally 0.1 point for each GB above that.
* Unattested addresses get 0.1 point per GB of balance.
|
|
|
|
For now we are going to reduce the reward to $1 per 1,000,000 WCG points earned, effective from Monday December 24 on. This way the method will still work like a faucet but it will be much harder to make a profit, which was never intended. We’ll monitor what this change does and make further changes when necessary Seriously? I really don't know how your whole distribution policy could get any more stupid. You actually diminish the amount of Bytes for thousands of people who are actively contributing to something (positive) to 1/10 while at the same time keep on throwing away hundreds of GB to 1 (or 2) lonesome users per week? Someone PLEASE explain the mathematical/statistical intentions behind this. Additionally you also diminished the lottery chance for unattested users to an absolute minimum, so practically only the KYC users have a chance. Nice "private untracable" altcoin. Keep up the good work, Russians!  Which thousands of people are you talking about? There are around 500 accounts mining for WCG and most of them are pools where the people will never see their bytes or WCG points asset on Byteball (non-transferable), they probably don't even know they would get anything if mined individually. Point of WCG was not to make profit, it's about contributing to something positive like you said. https://wcg.report/It has been just 2 weeks and there are already more addresses (not users) on draw distribution than there was on WCG http://draw.byteball.org/"private untracable" is only the blackbytes asset, which are distributed to newsletter subscribers and draw winners at the moment. Again, try to keep up, the rules for draw lottery have fine-tuned after every week draw (un-attested small holders still have dis-advantage). Latest rules are these, which will increase the chances for other un-attested users again: New rules for the next draw scheduled for Friday Dec 28: 1. Steem attestations with reputation over 60 are now also accepted along with real name attestations. There are only about 3000 Steem users with such high reputation, and many of them have a significant social following. The idea is that it'll help to build referral networks, attract smaller holders, and dilute the whales. 2. The draw has been criticized by both whales who think they are punished with the points system, and by smaller holders who see a large share of points still going to whales. Now the draw is split in two: - one is based on balances, just balances, no points. The winner will be named Prince of Whales. - the other is based on points as before, with rules further adjusted in favor of smaller holders (see below). The winner will be named King of Goldfish ( suggestions about a better name are welcome). The prize fund is split in two: 100 GB for the Prince of Whales and 100 GB for the King of of Goldfish but each participant automatically participates in both draws and can win in each of them (even in both at the same time). Now there can be two referrers, one for the Prince of Whales and one for the King of Goldfish, each receives 100 GB and 211.11 GBB. 3. The new rules for calculating points with the second threshold lowered from 1000 GB to 100 GB: * Real-name attested addresses get 1 point per GB of balance up to 10 GB, plus 0.1 point for each GB between 10 GB and 100 GB, plus 0.01 point for each GB above 100 GB. * Unattested addresses get 0.01 point per GB of balance. * 0.1 point is awarded for each GB of balance increase over the maximum balance in the previous draws, up to a 2x increase. * 0.2 point is deducted for each GB of balance decrease since the previous draw. |
|
|
|
It is necessary to join the lottery registering with the bot every week or is one time enough?
Just one time, it will keep track balances of added address too (updates in some interval). Just write anything to the bot and it will respond to you with latest overview of your added addresses. |
|
|
|
Hello! Does running a full node give me anything? Some profit or advantage?
No, running a full node doesn't benefit anyone much (you will just know first if witnesses collude), running a full node is mostly for yourself (if you want direct access to all the DAG data in your local database). If you want to help the network then you should be running a full node that accepts incoming connection and it's called relay. https://github.com/byteball/byteball-relayThere is no benefit from running a relay, there is only benefit for running a witness, but the value of GBYTE is currently too low to profit as witness and you need to be non-anonymous to become a witness. https://github.com/byteball/byteball-witnessTheoretically, only running a Hub could be monetized with people who decide to use your Hub (I think it should be possible to add Basic Authentication to WSS), but it is difficult to convince users to use paid Hub instead of the free default Hub. https://github.com/byteball/byteball-hub |
|
|
|
why such a low price on GBB?Is it possible to start trading GBB on a regular stock exchange?
What's the point of privacy coin if it's traded on regular exchange? It needs to be traded on de-centralized exchange, but unfortunately there has been low interest for them on de-centralized exchanges, so the last one that I know will close end of this year. Hopefully there will other exchange operators next year who would be interested of blackbytes, but I doubt it will have enough volume for long time in order to be added to CMC. |
|
|
|
Can you give any reference, which "laws of statistics" are you talking about? Formula would be nice, but link to any scientific paper would be better. And what do you consider whale? http://draw.byteball.org/ considers whale somebody who have more than 500GB, so only 45% are considered whales (that was 70-80% during first draw), this makes it very likely that next winner is not a whale. First draw is irrelevant today because it had different rules than are today. Blog post doesn't say that future winners will be whales as well, it says: We knew that it would favor whales just as the Moondrops did, that’s just a fact of life, but we didn’t expect whale dominance to be as high as it was for the first draw. We changed the rules for attested whales, but the effect of that change will be seen on the 21st of December draw. It doesn't say it, but rules were changed for un-attested whales too, previously it was 0.1 points per GB, but was changed to 0.01 points per GB after first draw. |
|
|
|
any new direction for this project?
forward |
|
|
|
1. If I have 1000 wallets with 1 GB on it, it should give me obviously the same amount of points as if I have 1 wallet with 1000 GB on it. Easy mathematics, no ?
If you refer to the real-name attestation and the complicated point system, it needs to be removed as their is no need to have it anyway.
2. Its cleary a punishing of loyal and over the time, Byteball accumulating people as the motivation is to reward only users with low amount of Byteballs or user which will cheat the system creating various real-name attestations.
What is the point of giving the bytes proportionately how much they already have? There is 21% left to distribute, what is the point if all that gets distributed to existing addresses. Point of draw bot distribution is that everybody has chance to win without any risk (you don't have to buy a lottery ticket). Winner of first week draw was long time loyal hodler, I didn't notice that address spending any bytes and they had done real name attestation back in January, just 4 days after announcing real name attestation bot. Most likely they started using Byteball even earlier and got that much bytes with Bitcoin moondrops. It is kind of funny, you are here on Bitcointalk saying that draw bot favors poor accounts and somebody on Reddit is arguing that it favors whales. It's true that first draw favored whales, but the rules changed right after first winner was announced and it should be more fair for both now. Let's see who gets randomly picked on 21st. |
|
|
|
Price is already at 0.008 on bittrex. This will go further down if this stupid policies won´t stop.
1. Why its not possible to sellout Byteball stakeholder proportionately and not via Lottery ?
2. Why does someone with more then 1000 GB Byteball being penalized with only getting 0.01 Points for the airdrop instead of 0.1 Points like regular ? What it the incentive, should they sell their stakes ?
Did you joined cryptocurrencies last week? Byteball is volatile, for very long period it was around 0.007 (it went even as low as 0.006), this week rallied to 0.010 and now has come down to 0.008 again. 1. Not sure what you mean, there are even bigger distribution than this draw, other distribution are still running and the last draw winner has not dumped their winnings. Only ones that harm Byteball price are the FUDsters and weak hands. 2. There was too much whale dominance for the first week draw, so after first draw, rules were changed to give people with smaller amount of bytes fairer amount of points to compete with whales. Ignorant, check my profile and you will see I am longer here then you or do I have to send you another screenshot? 1. You didnt answer my question. Why is the weekly draw airdrop distributed with a lottery instead of sharing the rewards along all participants ? 2. So people accumulating Byteballs over the time to help growing the community are being punished right now ? Fairness and transparency to keep the loyal crowd is imo more important than anything else. 1. You have been so long here and yet you still haven't figured out that 1 un-attested address is not as same as 1 participant? Any un-attested user could create as many wallets as they like. If I generate 1000 wallets and you only 1 and there is no way to tell the difference then obviously I get 1000 times more rewards than you if the distribution is distributed based on participants. 2. Nobody is punished, you are not required to pay anything to participate in the draw, but being attested helps. The goal is to give both fair chance to win even when one is clearly richer than other and even when one found out about Byteball earlier than the other. In real life, in order to participate in lottery, the richest people have the highest chance to win with the lottery because they can buy lot more lottery tickets than poor. But rich people are usually rich because they don't play lottery because the know that odds are bad, Byteball Draw is not a lottery because there is no participation fee, so you cannot lose, you can only win if you are lucky. |
|
|
|
Price is already at 0.008 on bittrex. This will go further down if this stupid policies won´t stop.
1. Why its not possible to sellout Byteball stakeholder proportionately and not via Lottery ?
2. Why does someone with more then 1000 GB Byteball being penalized with only getting 0.01 Points for the airdrop instead of 0.1 Points like regular ? What it the incentive, should they sell their stakes ?
Did you joined cryptocurrencies last week? Byteball is volatile, for very long period it was around 0.007 (it went even as low as 0.006), this week rallied to 0.010 and now has come down to 0.008 again. 1. Not sure what you mean, there are even bigger distribution than this draw, other distribution are still running and the last draw winner has not dumped their winnings. Only ones that harm Byteball price are the FUDsters and weak hands. 2. There was too much whale dominance for the first week draw, so after first draw, rules were changed to give people with smaller amount of bytes fairer amount of points to compete with whales. |
|
|
|
Regarding draw bot,
I added bot from store, but his not visible in my contacts, how I can linking my balance to participate in weekly draw?
Some users have reported to have issues adding the bot when connected to some other hub than "byteball.org/bb". Make you are using that Hub and try to add again. Also, users who took part of Bitcoin airdrop might have this bot under Transition bot name because it's reusing the old bot. No, I connected to "byteball.org/bb" Make sure you are using latest v2.6 wallet. Did it add any new bot or did it do anything at all? If it added empty conversation with no messages from bot, try to write something to it or remove the bot/device/contact and re-add it. |
|
|
|
Based on your knowledge I dont know if you have ever been trading in your life. And if you have no idea you should be quite.
At the moment a market sell order of even 4.0747 BTC would have crashed the price from 0.009 right to 0.0076, so this is not a crash for you?
Yeah, I don't know anybody who would be stupid enough to sell at market price. There is huge difference whether you put a 5 BTC worth of bytes to sell order at 0.009 (higher than market price) vs you sell it at market price. I don't even know any serious trader who would dump at market price. |
|
|
|
I would crash the market with selling GBYTE only worth 5 Bitcoin.
As for now I am absolutly ok to put my money where my mouth is, how about offering me a bid wall on 0.0090, I will sell into it no matter the size of it..
That's not how "put your money where your mouth is" works, you would actually need to send the bytes to exchange and put the sell order up. Otherwise it's as much worth as me saying that I will put 10 BTC buy order when it drops to 0.008. The actual price is 0.009 and not 0.008. But there you have my sell order up on 0.009. Now show us that you are not a chicken and buy into it. But as you are a chicken and offtopic anyway, I won´t post anything related to your "put your money where your mouth is". You are odd one, I was calling you out to put your 5 BTC sell order, which you said would crash the market. I said anybody can threaten to something, but it's worthless if the don't actually do it. I did not offer them to buy, i gave you an example why just words don't maţter. Where is the market crash from your 5 BTC bag? |
|
|
|
Regarding draw bot,
I added bot from store, but his not visible in my contacts, how I can linking my balance to participate in weekly draw?
Some users have reported to have issues adding the bot when connected to some other hub than "byteball.org/bb". Make you are using that Hub and try to add again. Also, users who took part of Bitcoin airdrop might have this bot under Transition bot name because it's reusing the old bot. |
|
|
|
I would crash the market with selling GBYTE only worth 5 Bitcoin.
As for now I am absolutly ok to put my money where my mouth is, how about offering me a bid wall on 0.0090, I will sell into it no matter the size of it..
That's not how "put your money where your mouth is" works, you would actually need to send the bytes to exchange and put the sell order up. Otherwise it's as much worth as me saying that I will put 10 BTC buy order when it drops to 0.008. |
|
|
|
Agreed!
I don't participate in this nonsense either.
It has been proven that the regime is not concerned at all with increasing the number of users. There are other options, but they have been completely ignored for almost two years.
Not participating is the very least, I am considering selling hugh stakes of my Byteballs. I hope these guy of bobq is not anyhow in any administrative position, his way of thinking will be the death of Byteball. Not sure what you have to lose with linking un-attested address, nobody forces you to do any attestation. Real name attestation is for people with few GBYTE, staying un-attested is for whales and now they are more equal because previously it was off. Put your money where your mouth is, there is only 3159 GBYTE for sale orders on Bittrex, yet 43442 GBYTE for buy orders and volume lower than most days. |
|
|
|
|
Show Posts
