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41  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 26, 2018, 12:07:25 AM
There is no inherent incentive to work together as miners, and if there is, a group of miners has no in-system way to punish miners who do not behave as the group wants them to.


You are right about incentives.  But there is something else.  PoW mining is an economic activity.  You have capex, you have opex, almost all your profits are burned in your huge costs, and you have to care about efficiency in order to stay in the game.  And in any economic activity, you have economy of scale.  As your mining farm gets bigger, it becomes more efficient and stands better against the competition.  You get volume discounts for miners, you will be the first in line for the new generation of miners, you can get cheaper electricity when you buy wholesale, it becomes worthwhile to relocate to a more favorable location, and you can hire the best talent in the industry.  It doesn't matter if the PoW algorithm is ASICable or not, the economy of scale is universal.  It might be not very important in the growing market when everyone, even a smaller and weaker miner, gets a portion of the growing pie, but nothing lasts forever and as the market matures and gets more competitive, the weaker players are darwinized, and the hash power gets concentrated in the hands of a few bigger miners.  Miners, not mining pools.  This looks like an end-game of any PoW based blockchain, because it has a heavy "hook" into the economy, and the economy favors scale.  You can call it emergent centralization.  Incidentally, Byteball moves in the opposite direction.
42  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 25, 2018, 11:23:11 PM
They are publicly, known and well behavioured. Should have to trust them in order to use the platform? Please answer.

Of course you have to trust them (as a group), it's clearly stated everywhere.  The whole point is about leveraging the trust in 12 people/orgs to enable random strangers to trust each other, which they wouldn't do otherwise.  It's only in a trustworthy environment that value can be created.
43  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 25, 2018, 11:12:37 PM

Of course, you can slice their head, and you have sucessfully decentralized a witness.


Looks like you are still trying to make fun of the phrase "decentralized witness".  Maybe not the best way to say it, "independent witness" would sound better but I bet you understood it anyway.
44  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 22, 2018, 05:47:52 PM
The distribution to those who hope for a performanceless (finally Fiat-)income is a waste of time and energy and certainly does not increase real demand.

It is clear that very few of the community will support this idea. Who has so much self-determination and initiative to open their own shop?
One wants to draw something for free, and exactly this virtue is served by the Byteball management. And that's exactly why it won't work with the desired broad distribution. Because nobody knows what to do with the received "Bytes".
It's not just about distribution.  Don't be fixated on it.  The purpose of this real name attestation campaign is to create a large user base of users with real identities, which the apps can leverage.  No other platform has or is trying to create it.  Undistributed funds help create incentives before the actual apps exist.

I would very much like to offer my goods on Open Bazaar for "Blackbytes", but I can't do that.
We have a grants program for those who want to create an Open Bazaar for "Blackbytes".
45  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 22, 2018, 05:00:13 PM
out of 25000 real name attested users, only 1700 had ever referred someone else.
I only see 20k: https://byteball.co/attestors
You're right, 20k, I was looking at a wrong number.

Anyway, two more questions: How many of that 1700 were when refferral rewards was inmediately spendable (with and without counting venezuelan ones)?
The vast majority were when the rewards were immediately spendable.  It's hard to separate the Venezuelans but most attestations were from them.

And: When will you spend your deserved 1%?

When all other funds are distributed.
Officers eat last.
46  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 22, 2018, 04:43:22 PM
We are making the first step towards decentralization of witnesses.

First Decentralized Witness Candidate ó Rogier Eijkelhof



Full story: https://medium.com/byteball/first-decentralized-witness-candidate-rogier-eijkelhof-9e5619166334
Interview: https://youtu.be/TI7cb57Yu9A
Witness pledge: https://www.docdroid.net/pqmfskj/rogier-eijkelhof-byteball-witness-pledge.pdf

Your action is required to support the candidate, see the story above.



47  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 16, 2018, 02:17:23 PM

Thanks for the suggestion but since most users (like Ben) are not going to be sponsors, we don't want to introduce extra steps for them.

I was thinking the opposite. Make users like Ben sponsors and let them spread the platform.

But if you say they are not going to be sponsors, I have nothing more to say.

I know what it feels when your suggestion is rejected, but what I say is based on data:
out of 72000 steem attested users, only 6700 had ever referred someone else;
out of 25000 real name attested users, only 1700 had ever referred someone else.
48  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 16, 2018, 02:06:32 PM

Are these two attestations now linked in a way? And if yes how?
thank you.


The link is known to the bot but it is not public.


and who knows what the bot knows?  Roll Eyes

Me, if I care to look Smiley
49  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 15, 2018, 08:13:36 PM
I wonder whether people using the voucher can burn $8 from the voucher by deciding half way to ditch the KYC process and terminate early.

They can, that's the risk sponsors are taking.  The limit of 2 attempts per user helps mitigate the risks.

Second, if the Voucher is not fully used, can the funds paid into it be reclaimed?

Yes.
50  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 15, 2018, 08:10:02 PM
Lol finally you implement partially my idea!! After some months of getting dust on slack.

My complete idea would be:
Instead of
Quote
$12 is sent to a smart contract on Benís wallet. He can withdraw that amount 1 year later.

should be

Quote
$12 is sent to a smart contract on Benís wallet. He can withdraw that amount 1 year later OR use it to fund attestations.

By this way, IT COULD BE viral. I don't know if it is possible.

EDIT: well, if the bot sends the $12 to Ben's voucher, then it is done. Or did I missed something?

Thanks for the suggestion but since most users (like Ben) are not going to be sponsors, we don't want to introduce extra steps for them.

Instead of
Quote
$12 is sent to a smart contract on Benís wallet. He can withdraw that amount 1 year later.

should be

Quote
$12 is sent to a smart contract on Benís wallet. He can withdraw that amount 1 year later OR use it to fund attestations.

What is sent to the smart contract, cannot be withdrawn before the 1 year vesting period by anybody, that's the nature of smart contract.

51  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 15, 2018, 08:03:31 PM

Are these two attestations now linked in a way? And if yes how?
thank you.


The link is known to the bot but it is not public.
52  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 15, 2018, 11:59:50 AM
Introducing Smart Vouchers: A New Way To Earn Referral Rewards By Sending Bytes To New Users

Smart Vouchers is a safer way to get referrals than sending them $8 in Bytes (which they might not spend as intended).

As before, attestation rewards are sent to smart contracts vesting in 1 year.

Referral rewards are sent back to the smart voucher and allow to fund more attestations.  Net profit from referral rewards can be withdrawn to a smart contract vesting in 1 year.

Read the full story https://medium.com/byteball/introducing-smart-vouchers-a-new-way-to-earn-referral-rewards-by-sending-bytes-to-new-users-38972ec645a7

53  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 23, 2018, 09:56:07 PM
Another addition in the Bot Store: a dice game.  The game is provably fair.

54  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 23, 2018, 02:07:14 AM
Version 2.6.0 released https://github.com/byteball/byteball/releases

Notable improvements:

* Ability to hide unused and junk assets.  Now you can hide Nicebytes and other useless tokens.



* Creating polls from Send tab (thanks Tarmo for contributing)
* Changing display unit (GB, MB, etc) from Send tab (thanks Tarmo again)
* Suggested commands in chat: they are inserted but not sent automatically, user can edit before sending.  One of the bots will be updated in a few days and use this feature.
* Ability to scan QR codes that encode textcoin based paper wallets
* Fixed a bug which caused restore from seed to create a multi-address wallet while the original one was single-address
* Multiple minor improvements and bugfixes
55  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 27, 2018, 11:21:48 PM
Nousplatform is launching its ICO on Byteball.

It is the first ICO that uses some of the unique features of Byteball ICO platform:
- KYC
- non-US attestation
- discounts for Steem users with high reputation

It is a dual-chain token on Byteball and Ethereum.  When bought through ICO bot, investors receive 5% discount off the price of Ethereum based token.



Nousplatform is a decentralized next-gen investment ecosystem. Nousplatform is set to disrupt the traditional AuM market with the introduction of smart contracts and blockchain technology. The platform empowers everyone with simple and efficient access to the investment world.
Byteball users will be able to buy NSU tokens with Bytes, Bitcoin or Ether. You will also receive additional bonuses on top of the existing ones for the duration of the ICO.
Website: https://nousplatform.com


56  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 24, 2018, 11:24:54 AM
Funding, Foundation, Moving Forward

The blog about the future of Byteball was very well received in our community and I am glad to be able to announce that weíre moving forward with executing our plans as described.

Read the full story https://medium.com/byteball/funding-foundation-moving-forward-13fed4058ee4

57  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 20, 2018, 11:20:06 AM
Version 2.5.0 released https://github.com/byteball/byteball/releases

With this release, it became possible to send money to @username.  Read the full story https://medium.com/byteball/crypto-does-not-have-to-be-cryptic-e68737b19ba7

58  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: August 06, 2018, 05:31:38 PM
I bought a new computer and installed Byteball software and restored my wallet by using my wallet seed. I had a wallet already on my old computer.
After seed import and required wallet restart I received an error message:

Quote
Uncaught exception: Error: message encrypted to unknown key, device 0<snip>R, len=228. The error might be caused by restoring from an old backup or using the same keys on another device.

Then the wallet quits. What does the message mean exactly? I understand the meaning but not what I need to do to restore and use my wallet.

This is normal after restoring from seed or an old backup.  Close the wallet and restart.  Never open the wallet on the old computer, or you get "message encrypted to unknown key" again.
59  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: July 27, 2018, 11:56:41 PM
Version 2.4.2 released https://github.com/byteball/byteball/releases:

* Fixed multiple bugs that crashed full wallets
* Added handling of protocol (byteball:) links to pay to Steem username, such as byteball:steem/username
* Added push notifications in iOS.  Hub operators need to follow instructions at https://github.com/byteball/byteball-hub#ios to set them up
* Added full backup and restore for iOS.  Restore requires iOS 11+.

iOS users will have to wait till the update is approved by Apple

The update is approved by Apple and available from the App Store https://itunes.apple.com/us/app/byteball/id1147137332?ls=1&mt=8
60  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: July 27, 2018, 11:42:54 AM
Version 2.4.2 released https://github.com/byteball/byteball/releases:

* Fixed multiple bugs that crashed full wallets
* Added handling of protocol (byteball:) links to pay to Steem username, such as byteball:steem/username
* Added push notifications in iOS.  Hub operators need to follow instructions at https://github.com/byteball/byteball-hub#ios to set them up
* Added full backup and restore for iOS.  Restore requires iOS 11+.

iOS users will have to wait till the update is approved by Apple
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