Bitcoin Forum
September 22, 2019, 06:45:58 AM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 [42] 43 44 45 »
821  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 05:28:01 PM
So will there be a time/window, to claim and that is it?

Is it going to be a 1:x ratio, and what's going to happen to the coins unclaimed?

There will be a time/window, it'll be announced later, watch this thread.

Unclaimed coins are impossible by design: all 98% to be claimed will be distributed in proportion to the balance of linked bitcoin addresses.

The math is very simple.  If the balance of all your linked bitcoin addresses is 100 BTC, and the total balance of all linked bitcoin addresses of all users is 1,000,000 BTC, then this is the number of bytes that will be yours:

100 / 1000000 * 0.98 * 1015 = 98,000,000,000
822  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 04:58:22 PM
Test Bytes from bot will remain when test ends?

They'll remain test bytes, i.e. worthless.
823  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 04:56:23 PM

Ignore this.  I guess HEUR stands for heuristics, or rather broken heuristics.  You can safely ignore such false positives, especially when 49 other antiviral scanners reported no issues.
824  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 04:52:05 PM
So if i have 10 btc , what stops me from claiming once , sending the coins to a new adress claiming again and then havin claimed with hundreds of btc even though i just own 10 ?

We are not so stupid Smiley
As soon as you move BTC from the first address, it becomes empty and won't earn you anything.  What ultimately matters, is the balance of all your linked addresses when we make the snapshot of bitcoin blockchain in block 437000 (the exact block number subject to change).
825  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 03:36:58 PM
i get 78k bytes on my android , is it right or more bytes?

It's right, the faucet gives out a random amount.  You can request more in 24 hours.
826  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 01:51:02 PM
its still a testnet right? so no real coins exist yet

Correct.
Livenet to be launched in about two months.
827  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 12:23:14 PM
Interesting. However I see a problem. The majority of Byteball will fall to the Exchanges, Corporate Miners, Whales and even The Fed. None of whom will give a stuff about the takeup, use, or community of Byteball.

Distro is interesting, but exchanges are going to get all the coins.

Are you both saying that exchanges will use their customers' bitcoins to claim bytes for themselves?


Are you saying "Exchanges, Corporate Miners, Whales and even The Fed" won't be able to claim 97.9% of the coins?

Well, I don't think they own that many bitcoins (it depends on your definition of whale though).  Their share of bytes will be almost the same as their share of bitcoins, among those who care to claim.
828  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 12:02:55 PM
How similar is this tech to iOTA?

Both are based on DAG, everything else is different.
829  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 11:36:12 AM
how to get this coin dev ? whether by mining or inves ? because I see good enough to follow this project . if you provide a bounty for us ? if there is I would download a wallet for the bounty ! Grin Grin

We don't buy downloads.
There is no mining, we are currently running testnet, you get test bytes from the faucet bot.
830  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 11:20:05 AM
I've already addressed this upthread, having huge number of dormant accounts doesn't bring any value.  We need active users who bother to move their coins within limited timeframe.

still I have for example multiple paperwallets on different locations for security reasons. Some just have everything in one wallet already and don't care about security. Does that mean, that he is more active, because he is not into safety?
So why we should suffer and merge the coins and do all the work of separation again? Sorry, not nice...
As I said, you can still make registration with public keys...

If you keep your bitcoins in multiple wallets (like many security aware people do), you don't have to merge them, you can claim for each individual address.  Choose what is more convenient for you.
831  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 11:06:05 AM
How is this not a clone of IOTA?

Not at all - compare the white papers and the source code.
832  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 11:01:26 AM
Received my test when will be real?

In about two months.
833  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 09:35:18 AM
Quote
One last thing.  The remaining 1% will be given away to the first 100m users who install Byteball wallet, 100 Kbytes to each user.  This will start 6 months from now or later, after we get ready for that scale.

please change this. Someone will write a script to grab all...

Don't worry, I see multiple ways to limit abuse.

Further I really would like the ideas, but I find it not nice, being forced to move my paper wallets...
I suggest, that you offer the possibility to use the private key for getting the funds relating to the bitcoin amounts anytime later.
You can still do a registration process, where everyone has to send the relevant public keys, but if you really want as many as possible you just use all (like clams did)

I've already addressed this upthread, having huge number of dormant accounts doesn't bring any value.  We need active users who bother to move their coins within limited timeframe.
834  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 09:00:51 AM
Quote
BYTEBALL: Totally new consensus algorithm + private untraceable payments

The title is a bit of a click-bait as the DAG concept is already used in IOTA. Still, this is an interesting coin, will follow development.

There is a lot more than just the DAG concept.  I urge you to read the white paper https://byteball.org/Byteball.pdf and ask questions if anything's unclear.
835  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 08:56:28 AM
Your divice isn't compatible...
Noooooo~
Android 4.2.2

4.4+ is supported.
836  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 08:55:01 AM
got my first byteballs with android, thanks

Congrats! (but we say bytes, not byteballs)
837  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 08:47:09 AM
I like the idea!  this is far better than 90% legit coins in this forum. let alone those craps.

I will spread the words among my Chinese fellows.


http://btc12.com/byteball-newconcensusanduntracable/


enjoy.

Thank you for your support!
I'll add your QQ group when I add other social media (you know, I don't want QQ to stand there alone)
838  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: September 06, 2016, 12:12:07 AM
I would advise doing what CLAM did, just distrubute it equally to everyone that has a btc address with minimum amount of x coins. This way the rich wont get richer and the poor wont get more poor.

That was my initial idea, even before I learnt about CLAM, I dropped the idea because this way of distribution is passive.

What do you mean by "passive"?
I'm a supporter of this idea but the real problem could be whales just splitting up their wallet into many others..

Yes, that's a real problem, and from what I've seen, most attempts to build something egalitarian are vulnerable to fraud and abuse.

By passive I mean that users don't need to get involved in any activity, here and now.  Value is created by human activity, which CLAM fails to incentivize, you can claim your clams now or in 10 years when and if it gets real value (it won't), and it'll be the same number of clams.
839  Bitcoin / Development & Technical Discussion / Re: Hash based confidential txn chains.. on: September 05, 2016, 11:47:02 PM
Good luck with your coin! (I too am ..err.. composing..)

Launched: https://bitcointalk.org/index.php?topic=1608859.0
840  Bitcoin / Development & Technical Discussion / Re: Hash based confidential txn chains.. on: September 05, 2016, 11:45:21 PM
In conclusion - your coin uses this system, but with the set-denominations / only-single-input-allowed to fix the exponential growth of the proofs, which you never reveal. Sweet. (Although I am still not 100% that this method will create smaller proofs - given that you will need multiple txns)

Correct, and don't forget about spend proofs.  Without them, there is no way to know that a previous owner didn't spend the coin twice.

1) How do you manage the fees ?

There are two parallel currencies in the system: an "open" one and a hidden one.  The fees are paid in the open currency within the same transaction.

2) How do you share the proofs ?

There is a p2p messaging protocol, see the white paper I published today https://byteball.org/Byteball.pdf (scroll closer to the end).
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 [42] 43 44 45 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!