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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 11, 2017, 02:35:27 PM
Thanks tonych. Do you know when the transition bot will be operational again? I need to link a change address.

It's already back to work.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 11, 2017, 10:07:50 AM
Distribution of bytes is complete.
160,424.226385661 GB distributed in this round ($56m at the current prices).
526,327.234762955 GB is the new available supply, which is 52.6% of the total supply.  Coinmarketcap is already updated.

Distribution of blackbytes will take roughly 3 days, I'll update you when it is finished.

Distribution of blackbytes is now finished too.

As already announced, we'll now distribute bytes between rounds as cashback for purchases at participating merchants https://bitcointalk.org/index.php?topic=1608859.msg20686283#msg20686283.

Distribution on top of existing balances in Bytes and BTC continues too.  The next round is on the Full Moon of September (September 6, 2017 at 07:02 UTC):
BTC to bytes: 1 BTC of proven balance gives you 6.25 MB (0.00625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 6.25 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

Putting this another way, to receive 1 GB from the distribution, you need to already hold 160 BTC or 10 GB.  These same holdings also give you 2.1111 GBB (giga-blackbyte).

Watch our announcements to learn about merchants who join the cashback program (contact me if you are a merchant and want to apply).
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 08, 2017, 12:47:19 AM
Distribution of bytes is complete.
160,424.226385661 GB distributed in this round ($56m at the current prices).
526,327.234762955 GB is the new available supply, which is 52.6% of the total supply.  Coinmarketcap is already updated.

Distribution of blackbytes will take roughly 3 days, I'll update you when it is finished.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 07, 2017, 03:43:41 PM
Follow-up question:
I'm doing a $500 giveaway this month (on behalf of Rollin.io online casino). As far as I know none of the people who joined use Byteball yet. Would this qualify for the 10% cashback? I'd be happy to ask winners for their Byteball address and give them 10% extra in bytes. Other giveaway threads could do the same.
Could this qualify? It's not a purchase.

Giveaways do not qualify.  I expect users to pay real money for something.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 07, 2017, 03:40:51 PM
To get you an idea of how we are going to do it, we are going to partner with several categories of companies:
- merchants
- payment processors
- "Bitcoin debit card" companies
and offer 10% cashback, paid in Bytes, for all qualifying purchases (no matter how the purchases are paid).
Example: Say I'm new to this, and I buy a new phone from a merchant in the program. I pay $200 for the phone, and my merchant asks me to install a Byteball wallet? Is that how it will work?

Exactly.

This would fit perfectly in the idea of using Tokens as a loyalty scheme, but as a new user I wouldn't want to install software to receive anything after a purchase.

If you don't install, you don't receive.
There's been a fair amount of media noise around cryptos lately, someone might be already interested in entering the game but didn't know how to do it.  Here we offer an opportunity.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 07, 2017, 12:30:18 PM
After August 7 we'll reach more than 50% distributed coins and will start a new phase of our distribution.

It was stated from day one that the purpose of this distribution is to get this coin into the hands of as many people as possible.  Both coins (bytes and blackbytes) are meant to be used as currencies, and this is only possible when there are many users and apps to interact with.  We already have a sizable community, a number of unique apps, and we are the only crypto project to have an app distribution platform (the Bot Store), but there is still a lot of room to grow in terms of user count, number of apps, and willingness of users to use these apps.

Up until now, we were distributing only to holders of BTC and Bytes, i.e. we were rewarding holding.  Now we are adding actual users into the mix, i.e. we are going to reward transactions.

To get you an idea of how we are going to do it, we are going to partner with several categories of companies:
- merchants
- payment processors
- "Bitcoin debit card" companies
and offer 10% cashback, paid in Bytes, for all qualifying purchases (no matter how the purchases are paid).  The cashback will be funded from the undistributed pool.  For example, a customer who bought for $100 receives $10 cashback in Bytes, paid to his Byteball address, at the current exchange rate.  For merchants, this is something that would drive sales and they would put effort into promoting the offer.  In competitive industries, a 10% cashback is a very powerful tool to lure customers.  For customers, this is a 10% discount (which matters a lot in some industries).  For Byteball, it is new users who will have to get involved into the system in order to receive the cashback.

A few companies have already expressed interest (not disclosing the names while it is a work in progress).

A few extensions of this offer:
- 20% cashback if the purchase is paid in bytes or blackbytes.  This would incentivize merchants to start accepting bytes and blackbytes, and the infrastructure will stay after the distribution ends.
- merchants can offer additional cashback to their customers.  Merchants fund it themselves by buying bytes from the market, and for every 1% funded by the merchant we add 1% more from the undistributed pool.

If you see similarity with existing loyalty points schemes, it is similar indeed.

At a minimum, we receive many new users who learn about Byteball from their merchants, plus working payment integrations.  And the users are not just crypto fans, it may be their first crypto coin for many users.  With the most user friendly wallet in the industry, we are in the best position to expand beyond the crypto village.

We can continue adding 10-20% to existing byte balances to incentivize keeping the received bytes before more infrastructure is built, rather than cashing out immediately.  

Two negative sides:
- the scheme is less transparent than plain adding on top of existing balances, and some share of fraud is inevitable.  Merchants might try to deceive us to receive coins for themselves by reporting nonexistent sales or selling to themselves.  This is mitigated by good choice of trustworthy merchants and our ability to disconnect any merchant at any time on suspicion of fraud.  Their customers can also try to find ways to abuse the system, again we'll require the merchants to prevent that by excluding some types of purchases, monitoring customers, enforcing caps, etc.  Additionally, if the merchant funds part of the cashback himself, he has skin in the game to counter the customer fraud.
- these new users are not holders for the most part, they are more likely to sell.  Not a big problem, the point is they already know about Byteball and it's easy for them to get back.  The new users are new to crypto, many of them won't use exchanges, and somebody will have to create new easier-to-use channels to fiat, which is positive for liquidity.  Also, 10%-20% monthly distributions discourage fast selling while the distribution is ongoing.  And lastly, the merchants who fund 50% of the cashback would partially balance the markets by buying coins.

On balance, I'm sure that these negatives are tolerable when we are going to achieve a vast expansion of our user base and acceptance at merchants.

For the current distribution round, nothing changes.

For the next distribution on September 6, we are changing the ratios in favor of Byte holders and slowing down the distribution to have more time to build out the cashback program:

BTC to Bytes: every 160 BTC gives you 1 GB from the distribution (or 0.00625 GB per BTC).
Bytes to Bytes: every 10 GB of existing balance gives you additional 1 GB from the distribution (in other words, +10% to existing balances).

Similar ratios for blackbytes.

For those who receive their first bytes from cashbacks, Sep 6 will be the first distribution when they receive +10%.

I'll make announcements as we add merchants in the cashback program.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 01, 2017, 11:38:24 AM
Version 1.10.0 released https://github.com/byteball/byteball/releases

* Redesigned two pages used to create smart contracts: bind payment and offer contract.  Now they look more like contract prose rather than web forms.  They also reduce manual entry and validate input for a few known oracles (validation is not perfect but prevents the most obvious mistakes).




* Added ability to vote in polls.  Now we can have referendums.  Poll Bot is added to the Bot Store, it assists in making a vote.  A vote is a small transaction that pays to yourself and is signed by your most funded addresses, the weight of the vote is the combined balance of the signing addresses.  Note that there is a privacy concern because by making a vote you associate a number of your addresses.  Source code of the poll bot: https://github.com/byteball/poll-bot



* Fixed a bug that sometimes caused full clients to crash while syncing
* Fixed a bug that in rare circumstances led to creation of unspendable addresses during first run on Android wallets
* Fixed a bug that caused the wallet to erroneously complain about lack of coins when trying to send blackbytes
* Fixed creation of .desktop files on fresh Linux installs
* Other small bugfixes and improvements

You need to upgrade in order to vote.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: July 29, 2017, 07:40:06 PM
Now we have flight delay insurance bot.  It's already added to the Bot Store.



Users can buy insurance in easy to use chat interface.  They don't need to find a peer, the bot is the peer that is available 24/7.  The insurance is a smart contract, hence you don't need to trust the bot.  It is almost the same contract that you can do peer-to-peer but it is composed automatically, users need only to check the contract before paying.  The bot also reminds users when to unlock the contract.

The quotes are based on real stats provided by flightstats.com, so they vary by delay, airline, and flight.  The bot adds 5% profit margin above the probability of delay derived from the stats.

The source code is at https://github.com/byteball/flight-delays-insurance, you can use it as template for your own bots.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: July 26, 2017, 10:17:17 PM
One technical question: Every wallet that we create inside the Byteball app has its own new private keyes, or there is one only private key for the app, this means for all the wallets ?

We use BIP44, there is one root key per app, and all wallet keys are derived from it.  The derivation paths are:

m/44'/0'/a'/c/i

where

a is the wallet number: 0 for the first (small expenses) wallet, 1 for the next wallet, etc
c is 0 for receiving addresses, 1 for change addresses
i is address index
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: July 21, 2017, 06:47:45 PM
Sports oracle was updated to list the upcoming fixtures and their codes for use in betting smart contracts.
Thanks @Freefactomizer for adding this feature.



See the wiki about betting on sports events https://wiki.byteball.org/trading/sports-betting
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: July 19, 2017, 11:47:01 PM
Version 1.9.3 released https://github.com/byteball/byteball/releases

Please upgrade if you experienced crashes on your full wallet.

* Fixed crashes of full wallets while archiving some nonserial units during sync
* Fixed severe performance degradation of full clients while archiving nonserial units
* Fixed a bug that could cause some units to be left unconfirmed after removal of nonserial units
* Improved performance of full clients while syncing
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: July 15, 2017, 01:11:11 PM
Version 1.9.2 released https://github.com/byteball/byteball/releases

This is mainly a bugfix release.
* Fixed two issues that caused full clients to crash while syncing in some circumstances (one of them was reported in this thread multiple times)
* Fixed restore from seed that was broken in 1.9.1
* Fixed restore from full backup that stopped working when the database exceeded 4 Gb
* Added warnings about cloning wallets
* Added welcome instructions
* Improved translations

13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: July 13, 2017, 02:10:46 PM
Distribution of bytes is finished, 110,411.089425997 GB distributed.  New available supply is 365,903.008377294 GB.  It is already updated on coinmarketcap.

Distribution of blackbytes will start in a few hours and will take much longer, likely more than 1 day.  I'll post when it is done.

Distribution of blackbytes is also finished now.

The next round is scheduled for the Full Moon of August: August 7, 2017 at 18:10 UTC.  The rules stay the same:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.2 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.42222 blackbytes

Putting this another way, to receive 1 GB from the distribution, you need to already hold 16 BTC or 5 GB.  These same holdings also give you 2.1111 GBB (giga-blackbytes).
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: July 09, 2017, 01:40:49 PM
Distribution of bytes is finished, 110,411.089425997 GB distributed.  New available supply is 365,903.008377294 GB.  It is already updated on coinmarketcap.

Distribution of blackbytes will start in a few hours and will take much longer, likely more than 1 day.  I'll post when it is done.
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: June 30, 2017, 06:00:42 PM
Testnet binaries also updated to help developers test their bots https://github.com/byteball/byteball/releases/tag/v1.9.1t
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: June 30, 2017, 05:53:39 PM
@tonych, Hi, recently I did a BB transaction via light client, v 1.9.0. As it was expected the remaining  fund (f=f1+f2) has been split between two addresses i.e ADDR1 (f1) and  ADDR2(f2).  I have decided to consolidate all of it on ADDR1, but after  choose "Send all" option and click "Send" nothing happened in sense that fund  again was split  between ADDR1 (f1) and ADDR2(f2). I have repeated the same once more but the result was exactly similar. So I look on transaction and found that it was that really happened ADDR(f1) ==> ADDR(f1) (transaction)  and ADDR(f2) = ADDR2(f2) (which means no transaction). Then I did the following : choose Amount, put into Amount field   f1 + f2  (in fact a bit smaller to take into account the fee), choose ADDR1 and Send. With this procedure I have finally got ADDR1 (f1+f2). So conclusion: the "Send all"  does not function properly in    v 1.9.0. With previous client's version there was no such problem

Fixed in 1.9.1
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: June 30, 2017, 05:52:56 PM
Version 1.9.1 released https://github.com/byteball/byteball/releases

* Android app now displays balance almost immediately after starting
* Hide balance before the password is entered when starting a password-protected wallet
* Bugfix: smart wallets created based on other smart wallets are now visible
* Bugfix: when using "Send all" sometimes the wallet was sending only part of the balance
* Bugfix: sync could become stalled if sending a new transaction while still syncing
* Additional checks to prevent creation of unspendable addresses which occasionally happened on some Android devices
* Ability to re-send private payloads to other co-signers on multisig wallets
* Ability to delete multisig wallet whose creation was not finished
* Sync progress is now displayed as date (percentages caused confusion for many users)
* Multiple UI improvements
* Multiple small bugfixes
* Small performance improvement
* Improved translations

Special thanks to @CorePrime95 for multiple UI improvements and bugfixes.
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: June 22, 2017, 11:54:19 AM
We are launching grants program to solicit work that improves the platform. 

See the full story https://medium.com/byteball/byteball-grants-program-906a71b93d3c
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: June 12, 2017, 10:10:41 PM
Distribution of bytes was finished several hours ago.

Total distributed: 66,208.049453060 GB.
New circulating supply: 255,491.918951297 GB (already updated on coinmarketcap).

The distributed amount is worth $47m at the current price.

Distribution of blackbytes is still under way, I'll post when it is finished.

Distribution of blackbytes is now finished too.

127,513.125794221 GBB distributed
12,258.687406134 GBB added to the community fund https://docs.google.com/spreadsheets/d/1foYdri-vadnq8Kbr51QVhBlXiswHtiDpaShVaWO060s

The next distribution is scheduled for the full moon of July: July 9, 2017 at 04:07 UTC, the rules stay the same:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.2 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.42222 blackbytes

Putting this another way, to receive 1 GB from the distribution, you need to already hold 16 BTC or 5 GB.  These same holdings also give you 2.1111 GBB (giga-blackbyte).
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: June 10, 2017, 12:31:10 AM
Distribution of bytes was finished several hours ago.

Total distributed: 66,208.049453060 GB.
New circulating supply: 255,491.918951297 GB (already updated on coinmarketcap).

The distributed amount is worth $47m at the current price.

Distribution of blackbytes is still under way, I'll post when it is finished.
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