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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: March 09, 2018, 06:39:21 PM
Price is only down like 70% since cancellation of airdrop. How can you not interpret that as a great success and ringing endorsement from the community of folks who already owned byteballs? Clearly price would have dropped like 90% if coins were distributed on full moon Tongue
Yes. Market also very excited about the complete ignorance of Bytefan's concerns by the dev "team".
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: March 01, 2018, 01:42:23 AM
I have published a paper about what I consider being design flaws when you look at how Byteball does (not) decentralize.

Open for comments.

https://medium.com/@prat486/byteball-move-proposal-831187509ed0
Great proposal that will likely be ignored. So sad to see the dev pushing so many away from the project including the only competing witness. There are just a few simple things Tony needs to do that have been mentioned here countless times.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 22, 2018, 07:34:06 PM
Random-String-Symphony we aren't asking for free money. Lots of people paid money for bytes. It was implied that bytes holders would end up with a bigger share of the total amount versus Tony giving 35% away at his whims. Many of us believe that supporting the currency by treating its holders well is the best way to increase usage. Nano had free xrb for anyone for years with faucets but the vast majority of its use came after the endless inflation stopped and the remaining coins were burned. We have a right to be upset and you have no moral high ground by "not caring" about the price.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 22, 2018, 07:17:44 PM
Everybody is whining about canceled airdrop, although it was pretty clear 2 month ago that it is not going to happen, instead of discussing a technology, how stupid is this! Meanwhile, the results of recent stress tests are rather disappointing. The DAG is perhaps a nice technology, but byteball implementation is only marginally faster than bitcoin or ethereum, which is still too slow to be practical, and it is centralized. Sort of worst of two worlds...

Okay does Tony have a plan to improve it? Nobody knows because there's no roadmap.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 21, 2018, 01:07:10 AM
Congratulations Tonych, you've successfully crashed bytes by 50% in three days.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 20, 2018, 03:16:19 AM
The last thing we need are 'investors' and 'people from outside' who only want to 'invest' to make a quick buck. They don''t bring anything constructive to the project. On the contrary, they'll pump the price to lure little investors in, only to dump on them and walk away with more fiat, leaving the project with a lot of bagholders and a tarnished reputation. Let's not make the same mistake soooo many other coins have made. Don't get played by the players.
Lol. Sounds like a cult. I thought the plan was to bribe millions of random people to use Byteball by giving them $5 to dump for coffee.

And yeah Iota and Nano are doing horrible right now. Money is bad amirite? Let's piss off the MMs so everyone's savings in bytes is worthless. The main thing this project has going for it is criticism from people who understand the crypto markets like cryptohunter.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 20, 2018, 03:03:46 AM
the community feel bitter,i wouldn't be surprised if someone fork Byteball in the near future.
Yeah, a fork would do well in this environment where users' wishes are not considered.

edit: censorship?
Quote from: CryptoBest, reddit
Dear Tonych,

There is much I was hoping for in your announcement,

https://bitcointalk.org/index.php?topic=1608859.msg30564528#msg30564528

and I love that you seem to be showing at least some flexibility with regard to Distributions as ByteBall grows.

But the Airdrop Issue has been handled clumsily with the potential to severely damage the ByteBall Platform Reputation and Community.

Please consider immediately issuing a release stating that one of the most important reasons for cancelling the Planned Airdrop was missed, and not mentioned, namely - The Cryptopia Situation.

It would after all be unethical and wrong for Byteball to go ahead with the Airdrop, given the potential loss of millions of Bytes from their rightful owners.
Doing this helps take the edge off the awkward and clumsy handling of the Airdrop Distribution issue, and not only saves from potential embarrassment, but also honors the previously implied Airdrop by having "one last drop" at a later time - once the Cryptopia Situation is made right.

It's a great compromise, and it goes a long way to not pissing off half of your community.

If you guys are really smart, you can turn this PR disaster into something really positive - potentially even a marketing coup!

Seize the day and promise to roll out upgrades to ByteBall that include a new and improved roadmap, and please make a commitment to help build, respect and value your community more. We need to feel that we are a part of this process.

ByteBall cannot succeed without a Strong & Vibrant Community - surely you realize this?

(Where is Eli? - did you not consult with him first before making this announcement?)

No matter... Given the circumstances, ByteBall Did the Right Thing when the Cryptopia Situation is taken into account.

.

UPDATE #1: Obviously adding the Cryptopia Situation to the announcement is a time sensitive thing that gets weaker with the passage of time - so far it looks like no one cares enough about the offended members of the community to do anything to help smooth things over - sad.

UPDATE #2: Some of you might find it interesting that I made a very similar post on the ByteBall bitcointalk.org thread which immediately got deleted by a moderator - no reason given.

Why was my post deleted? What was so offensive? Did I not make some valid points and provide a decent suggestion to manage the optics of the announcement?

As a sincere ByteBall fan who is only seeking the best for the project, I find this kind of censorship deeply disturbing.

8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 19, 2018, 05:09:18 PM

Now that the new distribution methods are ready and proven, and we've added even more methods than originally planned, the March airdrop is cancelled.  November airdrop was the last one that paid to holders in proportion to their balances.

This is the list of the current distribution methods (in no particular order) that we'll continue to use and improve:

1. Cashback.

2. Verification rewards and referral rewards to those who verify their real name.  It is true that the referral system didn't work quite well for new users who have no Bytes yet, and we are going to introduce a new scheme which will allow to refer new users without sending them any Bytes.

3. Giveaways, such as those that Rafael does to his youtube subscribers.

4. Mass sending of textcoins to subscribers of our partners.  We have done two so far https://docs.google.com/spreadsheets/d/1heT6TUSpTJgRW-FUM0LbcoVjXZRCb3PbXQQLmzvNRvM/edit#gid=323859176 and will work on improving conversion in the future campaigns.

IMO this is very bad news. None of these methods are "proven" as you say, and they are all far more opaque than distributing to addresses with balances that can be checked on the networks.

How many dollar-equivalents have been spent in the cashback program so far? What's there been like 50 people send their passport to Juobi or whatever now? Youtube crypto scam videos? Really?

There are still 40% of coins to distribute, and now they are basically completely able to be distributed by shady backroom deals or not at all. There is no way to validate distribution beyond this point. So long and thanks for all the fish.


Of course this is a terrible idea.

Tony does not seem to realise promising things then not doing them is a great way to destroy any trust in the project.

Best thing to bring some real investors here is burn the rest of the tokens

I do actually believe tony is distributing as claimed but even so it will take forever and meantime real savvy investors wont touch this project whilst 40 % are in the hands of one person who does not listen to the community at all and does what he wants when he wants.

burn the coins and stop begging and paying people to use it.

Still cant put any of my own real funds into a project where the captain gives most of it away to other ico managers willingly ... certainly not whilst that person has another 40% to commit financial suicide with.

Burn it all so I know this is the limit of the damage that can be done on a whim with no community consult.

set up a poll on here so we can vote on what to do this has gone of for far too long now.

Yes this plan is awful for bytes holders. Burn or airdrop to bytes holders most of the coins, save some for development and giveaways. 40% dilution is not a very appealing notion for crypto investors.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 19, 2018, 04:23:36 AM
Glad to see the March airdrop was cancelled. There is still way too much uncertainty in how the remaining bytes will be distributed though. That's why the price is collapsing. Giving bytes away is not the only way to "acquire users". People can afford to buy $20 worth themselves to use the network.

You should really focus on listing on Fiat exchanges. I'd say you should distribute 50% of the remaining bytes to bytes holders as a one-time thing, save 25% for the project, and save 25% to give away. $2m for development is really not much compared to the $200m you're saying you will give away for free.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 10, 2018, 01:28:14 AM
Many people would like to see a name change so Byteball will be interesting to a broader audience of potential users. You can informally vote here (follow link in text post): https://www.reddit.com/r/ByteBall/comments/7we36c/should_the_byteball_name_be_changed_please_vote/
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 08, 2018, 03:02:36 PM
Here is a possible list of exchanges we should contact together to list GBYTE. I, myself am fortunate enough to have a Bittrex account at the moment but others are not.

- YoBit
- Mercatox
- Kucoin
- Binance
- Coinexchange
- Upcoin
- Bitpaya
- Okex
- Huobi
- BitHumb
- GDAX
- Poloniex
- HitBtc
- Tidex
- Kuna
- ShapeShift
- CryptoBridge

Most of them if not all will require the Dev or one of the Devs team to apply for the exchange not a community member.
Which the dev team will not do because exchanges are bad and we want normal people to get bytes (only $12 of them though) through completing the verification that's only for technical people.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 08, 2018, 02:00:35 PM
If you read through the instructions fully you should have noticed the warning that this process has to be performed from a single address wallet. It's not a scam, but it certainly doesn't suffer fools. No offence.
Michail1 have you read this post or would you suggest Hhugh is lying? This community is incredibly toxic and that's why it barely grows. The person who failed the verification process that is simultaneously necessary and unnecessary to do with a single address wallet is both a kid and a fool according to posters here.

"See my procedure for verification that has failed many times due to users not doing the right thing is very user friendly because if you're intelligent you would have got it right and we only want technical people but we also want everyday users". If verification is so user friendly then why haven't we gotten more than ~250 Jumio attestations and why are there so many complaining about failure here and on Reddit?

I will add here again for you: I am not asking for an airdrop, I am asking for clear and comprehensive information about the future distribution as it should not be in limbo this long. I do not want more airdrops unless it is a proportional airdrop or burn. While there has been some money contributed to marketing, the community fund is vastly smaller than the undistributed fund and some of the undistributed fund should be utilized for development and marketing going forward. Marketing has been almost entirely done by community members and not by the project itself.
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 08, 2018, 01:47:37 PM
Michail1, you're right everything is perfect and nothing should be improved. I finally realized it after all of your whining about every suggestion and reality bending.

Let me jog your memory of when you said verification is a gamble.

Quote
Your response is akin to saying... Why shouldn't I be refunded by the casino if the ball lands on Red when I put my money on Black?   I mean, I intended to bet on Black, so it should be considered a win even though it was my mistake for physically putting it on Red.   Just like all the people investing on known Ponzi scams working out great until it fails and then complain that they lost their money and want it back.  LOL.  If someone invests in something and it makes money, they are happy.  If they invest and it goes down, it's everyone's fault but their own and they feel entitled to get everything back.
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 07, 2018, 06:36:08 PM
ByteballJesus made a great video:

Jesus shames Roger Ver for sins against Bitcoin

https://www.reddit.com/r/Bitcoin/comments/7vwole/jesus_shames_roger_ver_for_sins_against_bitcoin/

Please upvote!

 Cheesy  Cheesy  Cheesy
Sorry but should Byteball be officially endorsing Bitcoin over Bitcoin Cash? This project has both Bitcoin and Bitcoin Cash supporters. That's a really divisive marketing strategy...
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 07, 2018, 06:17:06 PM
The question for Byteball is: should we try and make this process kid-proof? My opinion is that we should not. Working with contracts is something for adults. Of course the process should be as easy as possible and the explanation of the terms and conditions should be clear, but totally kid-proofing it seems near impossible and not necessary.


There is no way to block 'kids' from investing or even trying to claim free tokens.  'Kids' can also be mentally slow adults.  I see a bunch of people complain about Byteball (and all other projects as well), simply because they have no damn clue as to what they're doing.  They read what they want and ignore everything else.  So, when they can't figure out how they just spent $8, they complain the project is at fault and ignore what the transition bot said.  It's simply amazing how many of those 'kids' have no idea what a change address is or how to move coins but actually have coins to even move (without having lost them).  Almost as amazing is how many of those people have $100 worth of coin and willing to pay an $8 transaction, but complain that they haven't received $1000 worth of free coin.  They just simply have no clue and almost no amount of coaching will every help them or even change their mind that something is good or bad, because they've already made the decision in their head that it can't be their fault for having not followed directions.

No, these are reasonable users that the project is driving away by being asinine. Why on earth should users not be refunded when a project-sponsored verification fails do to technical reasons? And why is it a goal of this project to make everything user-unfriendly as possible while making public no plans for improvement? The market's trust in this project is fading because of poor leadership attitudes and I say that as someone with a lot of GB. Tony doesn't seem to care about the price of GB nor the market perception, saying exchanges and "traders" are unnecessary.

Also, will there or will there not be an aidrop in March? What will happen with all the remaining bytes?

Reasonable users?   Ha!
Your response is akin to saying... Why shouldn't I be refunded by the casino if the ball lands on Red when I put my money on Black?   I mean, I intended to bet on Black, so it should be considered a win even though it was my mistake for physically putting it on Red.   Just like all the people investing on known Ponzi scams working out great until it fails and then complain that they lost their money and want it back.  LOL.  If someone invests in something and it makes money, they are happy.  If they invest and it goes down, it's everyone's fault but their own and they feel entitled to get everything back.

I like the rest of your paragraph.  You simply made everything up.   I don't see where the goal was to make things user-unfriendly - Please quote your source.
You also said Tony doesn't seem to care.  --- Please post where you came up with this far fetched idea as well.
Even better was your statement in which you quoted out of context.

Also, if you read the OP (Original Post) or even look at the website, you will see the next 'tentative' airdrop is in March.  I realize you are standing in line to get the free welfare check and complaining that there is no leather recliner to sit in.

Haha. Verifying yourself is supposed to be a gamble (!!!?). Nice joke. I really like your gymnastics. User unfriendly - read this thread maybe? Users have failed verification because they didn't use a single address wallet. Why doesn't the verification handle the case when they don't have a single address wallet? Why is the current tps limited to 10 and why are there no plans to improve that? Why are so many unable to use a full wallet? No optimization plans? Why doesn't the project require Jumio to refund users when verification fails due to technical reasons or due to Jumio's inadequacy? Why has Tony completely ignored the community desire for a more professional/agreeable name? Why has Tony brushed off silvercatman's help with redesigning the website look?

I'm not asking for any handouts. I would much prefer the airdrops  and Jumio program cease because they are very ineffective at gaining users. Why doesn't Tony set aside some bytes for the development and marketing instead of foolishly giving away more bytes? Any plans for a secure web wallet? Tony thinks that new exchanges are not necessary as stated in recent interview (look on Reddit), so we are stuck with one low volume exchange that is open (cryptox).

Why don't I do all of those things myself you ask? I don't have the time or expertise and well Tony is in charge of the project. He's also the one sitting on over $100,000,000 worth of undistributed bytes.
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 05, 2018, 06:07:59 PM
The question for Byteball is: should we try and make this process kid-proof? My opinion is that we should not. Working with contracts is something for adults. Of course the process should be as easy as possible and the explanation of the terms and conditions should be clear, but totally kid-proofing it seems near impossible and not necessary.


There is no way to block 'kids' from investing or even trying to claim free tokens.  'Kids' can also be mentally slow adults.  I see a bunch of people complain about Byteball (and all other projects as well), simply because they have no damn clue as to what they're doing.  They read what they want and ignore everything else.  So, when they can't figure out how they just spent $8, they complain the project is at fault and ignore what the transition bot said.  It's simply amazing how many of those 'kids' have no idea what a change address is or how to move coins but actually have coins to even move (without having lost them).  Almost as amazing is how many of those people have $100 worth of coin and willing to pay an $8 transaction, but complain that they haven't received $1000 worth of free coin.  They just simply have no clue and almost no amount of coaching will every help them or even change their mind that something is good or bad, because they've already made the decision in their head that it can't be their fault for having not followed directions.

No, these are reasonable users that the project is driving away by being asinine. Why on earth should users not be refunded when a project-sponsored verification fails do to technical reasons? And why is it a goal of this project to make everything user-unfriendly as possible while making public no plans for improvement? The market's trust in this project is fading because of poor leadership attitudes and I say that as someone with a lot of GB. Tony doesn't seem to care about the price of GB nor the market perception, saying exchanges and "traders" are unnecessary.

Also, will there or will there not be an aidrop in March? What will happen with all the remaining bytes?
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: January 23, 2018, 03:13:06 AM
90% of Jumio verification attempts failed for technical reasons and Jumio gets $8 regardless according to https://www.reddit.com/r/ByteBall/comments/7sawz9/report_some_errors_during_id_verification/. Jumio partnership may have been a good idea or noble in theory but in practice it seems to be a flop. The distribution of the remaining bytes should not be in such a centralized manner with only one glitchy service receiving a significant portion of distributed bytes. And sorry but you are not going to improve Byteball's attractiveness to this market by giving away free money. You do that by marketing it to them... The second XRB stopped their captcha faucet it skyrocketed along with its user count.

Devs really need to improve the image of Byteball. There's a lot of information asymmetry (for example https://www.reddit.com/r/ByteBall/comments/7sarfg/distribution_methods/). I personally thought the name was okay but most people on reddit/newbies disagree. Daily posts complaining about the name. I strongly encourage the devs to rename the platform and units. Pretty much anything nice and serious-sounding without any unrelated connotations would be good and you could do some polling.

Still no new exchanges? If you need to pay them to list GBYTE that is a much better investment of the undistributed funds than subsidies of Jumio. Look Jumio partnership is okay, but you need to halt it until they fix their technical problems and their pricing structure to only charge if the attempt failed due to a fraudulent attempt, not merely a technical fault of Jumio. And to put it bluntly a flood of verified users trying to get free money is pointless without an ecosystem of enterprises that those users would patronize and that require users to be identified by Jumio.

Disclaimer: I hold bytes and am not selling, just suggesting improvements.

Edit: Added quote from baki on slack.
Quote
It is worth pondering why IOTA and Raiblocks scored much more users. They do not use propagation methods, for example, in Byteball. The best way to distribute and accept this is a large number of exchanges, as well as a demonstration of opportunities. When buying on the exchange, people get tokens expensive, and they value them more, a large number of investments attract not only speculators, but also users. Demonstration of scaling gives people to understand which crypto currency really has a future. Byteball makes two mistakes, ignores advertising and new exchanges. If your product is ready for use right now, and the number of users is small, you need advertising and simplify the method of buying crypto currency. Demonstration of scaling is part of such advertising, as it increases the confidence of users in the capabilities of crypto currency.
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: January 18, 2018, 01:56:49 AM
Will this mean that to conduct any transaction in the Byteball wallet (even transferring Bytes to an exchange) we will need to perform this KYC with Jumio?
Certainly not. KYC is completely optional and would be used for circumstances where it is required because of trust or lawfulness.
19  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [GBYTE] Byteball Speculation on: January 16, 2018, 06:28:42 PM
Gbyte reached an important price in July 2017. From that moment that coin was neglected by everybody and the exchanges sold the coin mercilessly. Probabily too many airdrop and too many coin in the wrong hands (exchanges). Since november 2017 something has changed, the airdrops are almost finished, one of the last will occur next march 2018 and the coin is starting to be adopted by many people.
Bittrex will wholeheartedly regret their dumping when GBYTE rises to the $n0,000s. They will go bankrupt because their liability in GBYTE from the airdrops they stole from users is that large.
20  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [GBYTE] Byteball Speculation on: January 12, 2018, 03:05:55 AM
Looks like the price is free to break through .06 now, possibly will go above .07.
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