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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments
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on: February 11, 2019, 08:56:52 PM
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because of halving halving does not reduce the number of coins in circulation, but only reduces the printing of new ones. 328500 btc will not be mined annually next years after this halving or less than 1.9% of the supply in circulation. It is unlikely that this is enough to change anything other than a hashrate. besides that a shit show can't last forever. It possible that it was the last cycle for useless altcoins. So, do you think that miners will start selling BTC without profit? Or they start selling their previously earned profit at lower value? Like you said, it reduces the printing of the new ones. And who is getting the new ones? Miners. This means miners need to ask twice as much for BTC than they ask now and half as much new coins enter the market as before. They are not getting magically 2 times more powerful ASICs, that's for sure. Bitcoin price has increased in anticipation of halving previous times, so you are saying that this time it won't do that anymore? How is this time so much different? The whole logic of Bitcoin mining distribution is build on that price will increase with every halving for next 100 years, so eventually the price would be high enough that miners can live off the transactions fees. With every halving, bigger marketcap coins become more stable and have more moderate bull-runs (on logarithmic scale). Altcoins that are still alive and are ready for next bull-run, win the most from it. That's why it's important to keep building while it's bear market.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments
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on: February 11, 2019, 07:45:29 PM
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During latest two days, bitcoin has one more time shown that it has probably found its bottom. From which, bitcoin will rise higher, and the rise of bitcoin (if really occurs), will help altcoins significantly. Obyte, fell terribly since its all time high, or even compared to its all-year-high in 2018. Together, I have a feeling that Obyte will increase soon as well as bitcoin. Don't know if it's a bottom, there is still room to go lower this year, even below 2000 usd for short time, probably will bounce back to 2000-2500 range if it goes below 2000. When Bitcoin drops 50%, altcoins will drop even more, when Bitcoin pumps, altcoins can pump even more. Future is bright, but the light at the end of the tunnel is yet quite far. Best case scenario, price will double by end of the year and go nuts next year because of halving.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments
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on: February 06, 2019, 05:17:37 PM
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Obyte do nothing for wide adoption. Or obyte do something for wide adoption, but world don't need another "Ivan print own best money" altcoin. Every day some guy create a new altcoin for wide adoption, nobody cares about it. It looks like a psychiatric hospital with Napoleon's, beyond its borders no one knows about their existence. Obyte reddit even don't get a 100 subscribers . There is not a single payment processor receiving bytes after a 2 years of existence lol. What wide adoption are you talking So, why are you here? Go buy some Bitcoin (you decide, which is the real one - BTC, BCH, BSV) and live happily ever after. At least Obyte is different than most of the Bitcoin forks and tries to solve the problem with different technical solution and from different angle. Is it the right one, nobody knows yet, but time will tell, two years is nothing. Less that 100 subscribers? I am not sure if you are trolling or really isn't aware that Obyte had to drop the old sub-reddit with rebranding and start with new because you can't rename sub-reddits.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments
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on: February 06, 2019, 01:57:44 PM
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Above all, it shows that "the team" constantly refuses to develop a real benefit that appeals to the only target group that really needs crypto currencies.
A topic which consistently bounces off the filter bubble. The tarmo commentary makes this all too clear again. The uncomfortable essence of the criticism is simply filtered out.
Yeah, but maybe you are the one who don't see the big picture. The goal is a wide adoption, not just some black market niche, who already has plenty of options. Eventually everybody will benefit from cryptocurrencies, even if they don't totally replace fiat currencies. The goal is not to replace fiat currencies either, the goal is to provide alternative, the more sound money than what we have today because of the central banks trend to get rid of cash. If people would agree with you, you would have already found developers to build what you want others to build for you. If nobody wants to join you on this idea that you are trying to push then maybe you are just wrong?
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments
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on: February 06, 2019, 12:14:42 AM
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this coin have one of the biggest community, it's really a Pity not on any major exchanges
how about binance?
Anyone could use BISQ without registration and KYC, then at least the volume would increase there. Furthermore one would have his money under constant own control. - Other Exchanges do not need serious users. But of course you are right: Except for speculation, Zero-Byte is not usable. No amount of new exchanges would make Obyte suddenly moon in bear market. When Bitcoin goes up, altcoins go up, when Bitcoin drops, altcoins drop even more. Bittrex is one of the major exchanges and you don't need BISQ to buy bytes without KYC. Even Byte-BTC exchange bot in Obyte wallet has more volume than on BISQ for same pair. For low-volume altcoins like Obyte, the biggest factor that affects the price is amount of people who are willing to dump the bytes at any price. If the buy wall is only as strong as 25GB then anybody with 100GB can make the price drop hard by just selling all at once. Now if you have more markets with even weaker buy walls then users have even more options where they can dump the price. There needs to be more demand before more exchanges. Users who FUD the coins that they themselves hodl are the biggest mystery for me. I think that only happens in crypto-verse, haven't noticed any other investors doing something stupid as that. Decentralized crypto currencies (sure, Zero-Byte is not one of them) are of course only useful for decentralized exchanges. BISQ also offers the possibility to exchange BTC for Fiat (and vice versa) without KYC. Those who use centralized exchanges, such as Bittrex, have not understood decentralized crypto currencies. Since even the developers don't understand this, one shouldn't be surprised that apart from speculators hardly anyone is interested in it. The critics invested in Crypto do not spread FUD but facts that are uncomfortable for the echo chamber. It is logical that it is in their interest that "the team" should come to their senses. Well, that is cute, but you can also find a person on LocalBitcoins to exchange cash to BTC, not that hard. There is nothing wrong using centralized exchanges if you don't keep your funds there at all times and send them immediately to your wallet that you have private keys. If you use anything else than "Face to face (in person)" payment method on BISQ then it is no way better than using centralized exchange and it is you who needs to come to your senses. If the payment method is centralized then it as bad as centralized exchange. It is more safer for normal people to get their cryptocurrencies from centralized exchange than it is to meet somebody they don't know in real life, even if just want to exchange less than 1000usd worth. I hope that centralized exchange will be replaced with decentralized exchanges like BISQ, but we are not there yet and GBYTE volume on BISQ and Byte-BTC exchange bot clearly shows that.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments
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on: February 05, 2019, 04:29:06 PM
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this coin have one of the biggest community, it's really a Pity not on any major exchanges
how about binance?
Anyone could use BISQ without registration and KYC, then at least the volume would increase there. Furthermore one would have his money under constant own control. - Other Exchanges do not need serious users. But of course you are right: Except for speculation, Zero-Byte is not usable. No amount of new exchanges would make Obyte suddenly moon in bear market. When Bitcoin goes up, altcoins go up, when Bitcoin drops, altcoins drop even more. Bittrex is one of the major exchanges and you don't need BISQ to buy bytes without KYC. Even Byte-BTC exchange bot in Obyte wallet has more volume than on BISQ for same pair. For low-volume altcoins like Obyte, the biggest factor that affects the price is amount of people who are willing to dump the bytes at any price. If the buy wall is only as strong as 25GB then anybody with 100GB can make the price drop hard by just selling all at once. Now if you have more markets with even weaker buy walls then users have even more options where they can dump the price. There needs to be more demand before more exchanges. Users who FUD the coins that they themselves hodl are the biggest mystery for me. I think that only happens in crypto-verse, haven't noticed any other investors doing something stupid as that.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments
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on: January 29, 2019, 07:37:19 PM
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You talk about the price. Of course, the price of most coins is rising in a bull market. There is no need to be an expert, create a portfolio of shit at random, divide the deposit into parts and buy all the deeps, a year, two, three, up to zero prices it does not matter. You will either lose if you was the last fool or win if you will see another bull. I meant adoption, the only logical explanation for the existence of cryptocurrency. Obyte saw all types of markets and was not adopted on any of them. There is no reason why this story will not happen again if we will see another bull cycle. It is for this reason that I believe that the point is not in market cycles, but in the absence of network effects. After all Obyte lost community on the bull market.
What? Where did I even mentioned the price before? Bear market is not only about price. Let me explain it to you again. People leave cryptocurrencies during bear market. Bitcoin was losing adoption even during bull market because Lightning was not available and fees were high. For example, Steam was one of those stopped accepting Bitcoins during bull-market, that was on Dec 6, 2017. Bear market started in mid-January 2018. Obyte also had more adoption during bull-market, some of the bot operators stopped running mid-2018 (some of their code was bought and open-sourced for others to run). Obyte didn't lose community during bull-market, it lost most when Bitcoin moondrop was cancelled, which was in February 2018, month after the bear market started. It's all about the market cycles. Those who are wise enough, prepare for next bull-market by building, others just whine how bad everything is. Ethereum was built when everybody lost interest in cryptocurrencies after Mt.Gox and Silk Road, lot of people though that Bitcoin was done then, just like lot of people think now. Binance was built also before bull-market, now they are biggest. They would not be biggest if they started building during bull-market. What's the other one besides Bitcoin? Ripple, Ethereum, Litecoin or Dogecoin? These are one of the oldest coins out there, so it is not surprising that they have more network effect. Did Bitcoin foundation made all those deals that Bitcoin is more accepted than others? No. Obviously the communities are decreasing during the bear market, there was lot of companies who accepted Bitcoin too before the fees went nuts, they discontinued accepting Bitcoin. Many haven't still returned even that fees have gone down and Lightning has become available, many still don't even use native-SegWit (P2WPKH) or pay-to-script-hash (P2SH), but old pay-to-pubkey-hash (P2PKH), which takes longer to be confirmed (I could be wrong about that, but SegWit transactions should be possible to validate faster). Cryptocurrency companies are not like regular companies where partnerships only happen when deals are made. Cryptocurrencies are open-source, so everybody can become a merchant, you don't need to ask permision for that. If you like the old adoptions-by-deals approach then maybe Ripple is your kind of coin. Now, during the bear market, it is time to build all those intergrations and those who are ready for next bull-run, benefit from that more.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments
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on: January 28, 2019, 09:20:54 PM
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Now, during the bear market, it is time to build all those intergrations and those who are ready for next bull-run, benefit from that more.
I like the sentence utmost. As Vitalik (ETH's founder) said somewhere else, bearish period is the time to concentrate more on building up intrinsic value from technical developments. ETH, years ago, born and grown like this. Yeah, Vitalik Buterin is great inspiration for me, I also like his view on how ridiculous are those ICOs/testnets who promise high-TPS. Other people who have similar understanding about bear market are Ivan Liljeqvist, Ari Paul, Anthony Pompliano and Andreas Antonopoulos. Basically, most people who are not seeing bear market like this first time.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments
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on: January 27, 2019, 08:59:52 PM
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There aren't many merchants in Ukraine that accept other cryptocurrencies (there are very few for Bitcoin), so it would be surprising to see altcoins accepted there first, but I would look that as opportunity, anybody can become the first merchant to accept Bytes. Only two coins have sufficient network effects to have the hope of being widely accepted over time only thanks to the efforts of the holders of this coin. The rest of the coins not achieved such a thrust, so we observe their degradation. Their community and adoption is not only not growing, it is decreasing. In their case, the hope is only on the efforts of the team. If the team does not take active steps in this direction, the adoption will never happen. Honestly, i get the feeling that obyte team is not even trying to look for possible partnerships. Either you try, but the product is worse or not better than alternatives. Then i ask myself what the sense of the existence of coins, the main purpose of which is recognized as utopian. What's the other one besides Bitcoin? Ripple, Ethereum, Litecoin or Dogecoin? These are one of the oldest coins out there, so it is not surprising that they have more network effect. Did Bitcoin foundation made all those deals that Bitcoin is more accepted than others? No. Obviously the communities are decreasing during the bear market, there was lot of companies who accepted Bitcoin too before the fees went nuts, they discontinued accepting Bitcoin. Many haven't still returned even that fees have gone down and Lightning has become available, many still don't even use native-SegWit (P2WPKH) or pay-to-script-hash (P2SH), but old pay-to-pubkey-hash (P2PKH), which takes longer to be confirmed (I could be wrong about that, but SegWit transactions should be possible to validate faster). Cryptocurrency companies are not like regular companies where partnerships only happen when deals are made. Cryptocurrencies are open-source, so everybody can become a merchant, you don't need to ask permision for that. If you like the old adoptions-by-deals approach then maybe Ripple is your kind of coin. Now, during the bear market, it is time to build all those intergrations and those who are ready for next bull-run, benefit from that more.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments
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on: January 27, 2019, 02:29:28 AM
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Any single merchant added obyte for the past 6 month? Is there online retailers in Ukraine where i can spend coins? btw why confirmation is so slow? Just sent bytes to a friend and waited 12 minutes, even slower than bitcoin . Even after confirmation i see unconfirmed on my device, hub lags far behind. There aren't many merchants in Ukraine that accept other cryptocurrencies (there are very few for Bitcoin), so it would be surprising to see altcoins accepted there first, but I would look that as opportunity, anybody can become the first merchant to accept Bytes. Confirmation is now slow, but it could be faster and has been faster when there are more transactions on the network. Also, most places fully confirm Bitcoin transactions after 6 confirmations because just 1 confirmation is not final, Obyte transaction is final after first confirmation. Light wallets lag little bit behind, full wallets don't. That is the disadvantage of running using light wallet. Shitty internet connection can affect it too. Also guys why multisig wallet still not working for the last version? Four month from the last release...
This issue has been fixed already, just new version with the fix has not been released yet because it impacts very small amount of all users. There are many other small fixes in next release that haven't been released yet because they also affect small amount of all users. It's more important to get next release out with less bug than rush out new version with sum bugs fixed and introduce more bugs that could affect bigger number of all users.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
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on: January 23, 2019, 12:17:11 PM
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Not the critics of this project are the problem, but submissive opportunists.
Nobody cares about your critics without arguments. Arguments? Ha. There were lots of arguments. Not only from me. My contributions in this thread consist almost exclusively of arguments, but this arrogant dictatorship, including its boot-licking minions, proves to be resistant to knowledge. Neutral name... Yes, the name is so neutral that it drowns in the swamp of bits and bytes. A unique selling point looks different. And it's not just bad, it's a disaster. Every beginner asks himself unconsciously what this "O" stands for... Zero? OMG? Possibly even a WC over "00" pushes itself into the subconscious. The first impression, the admission ticket for further interest, you have completely screwed up. "Byteball" had at least a funny laughable note, and was therefore unique, but now... OMG-Byte. In short: You are totally crazy. So, when somebody writes, OMG, the first thing that comes to your mind is zero-MG? Stop hating because nobody takes your "contributions" seriously.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments
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on: January 22, 2019, 04:41:36 PM
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"Monero and OpenBazaar seem like a good fit. Given Monero's different codebase, however, more work is required to properly integrate it. Furthermore, there seems to be some confusion about what Monero currently offers API wise. To clear the confusion, I think it would be a good idea to have a discussion thread on the Monero subreddit where the OpenBazaar team discusses, together with the Monero community and developers, a potential Monero integration.
Would the OpenBazaar team be open for this idea?
P.S. I am one of the moderators on r/monero."https://old.reddit.com/r/OpenBazaar/comments/ahokfs/openbazaar_monero_integration/ You posted to wrong topic, this is not Monero nor OpenBazaar topic, this is for Obyte announcements.
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