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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1226310 times)
pumz
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July 01, 2017, 11:42:58 AM
 #10201

Price starts to surge as usual, the next round of distribution is getting closer... Smiley

Fully agree with you that it will remain stable till the next round is done and then whales or people will fat wallets will dump over us. It is routine now and I am getting used to it. If everyone just keep putting apart small portion of his free coins it will be helpful for market to stabilize and provide solid floor but they need quick profits.
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kaltun
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July 01, 2017, 12:06:11 PM
 #10202

wow , i see , i  forgot 1 zero , its 500K btc ...... wkwkwkwkwkw
sooo
pfff 500k btc = $1 250 000 000 .......
It's all btc linked, not any one person.

thx  for the clearing this up, i was really down when i saw the 500K ( i even have not 0.5 linked Smiley ) and is was searching for the address but saw none Smiley

feewww  Roll Eyes , soon byteball Smiley in my pocket
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July 01, 2017, 12:14:19 PM
 #10203

hi

I sell my BB-->28gbb to 1.4 gb

in more i want borrowed gb for next round..for all 0.2gb and 0.4gbb i receive each round i will give 0.02 new gb and 0.04 gbb of my balance until end of distrib(minimum than i borrow 10gb)..if someone are interested pm me for more détails.

edit: above to 100gb borrowed i give 0.05 gb for all 0.2gb i receive and 0.1gbb..0.1gb and 0.2gbb above 500gb each round for just one round of borrow.

i'm serious isnt scam or joking.

why would i lend to you? you get 0.2gb for each 1gb linked. then you give me 0.02gb for each 1gb i lend you. why dont i keep my 1gb and keep 0.2gb. you trying to take advantage of people.

 This isn't an donation its lending.. yu are paid for this service..yu will made a profit at each round for only one borrow round.

if you make a tonne of gb in lend then sell it all you give them 0.05 and have no gb for further rounds. if you get no more you owe no more. sounds scammy. id rather hold my own and get 0.2 each round compounded. you're making it sound good but its not.
SatoNatomato
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July 01, 2017, 02:09:16 PM
 #10204

Such a great hacker wow, much amazed.
Could someone upload and share his fully-synced DB files (if this doesn't leak sensitive info)?
Nice try scammer.

Your problems are classic PEBKAC (Problem Exists Between Keyboard And Chair).
SatoNatomato
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July 01, 2017, 02:13:51 PM
 #10205

My byteball holdings will surpass my bitcoin holdings in terms of fiat value after the coming airdrop. And I didn't buy any GB. All bytes I posses I received just by linking btc. This is incredible.

Wow. Do you think it'll be possible to earn a "significant" number of bytes during this airdrop with a bitcoin balance of < 1BTC?  Grin
Unfortunately not. The crucial part was the first distribution round where the GB/BTC ratio of the distribution was the largest. If you think about investing small amount of money in byteball linking doesn't make sense as preceding talker explained. Buying GB gives you a better return because of the 0.2 distribution ratio.

Additionally my calculations regarding potential GB price rise are as follows:

1 GB = approx. 16.5 BTC when (and if) byteball achieves parity with bitcoin in terms of market cap.
Current price is 0.38 BTC which makes it a potential 43 times return on investment (4300%).

If you invest 0.01 BTC now by buying GB (linking doesn't make much sense with such small amount) you have a chance to earn 0.043 BTC ($1000). Not much actually and it all depends on the big 'if" byteball achieves parity with bitcoin. Nevertheless 0.01 BTC is just $25 therefore you can't expect any significant amount gained on such a small investment in any field actually. A $1000 investment is a starter to me in any field. A $1000 dollar investment would potentially give you $43,000 when the big "if" happens.
Clap clap.

Also, instead of seeing this as an investment, you can also improve Byteball and contribute to community. This is not a Foundation-run or venture-capital, or ICO-money-raised project, its us, as the motto said in beginning "for the rest of us", who have to use it, study, improve and share.

What you can do; anything from marketing, to developing, or write documentation for others, find new use-cases.

Remember to give a few hundred mega-bytes or even gigabytes to your friends, show them Byteball.

Currency is like sex, when you give it you receive it too.
Vaccinus
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July 01, 2017, 02:16:04 PM
 #10206

i want to ask some questions, when there will be the next coin distribution? are these coin distribution always available in the future, or there will be a stop at some point?

bobo012
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July 01, 2017, 02:26:18 PM
 #10207

i want to ask some questions, when there will be the next coin distribution? are these coin distribution always available in the future, or there will be a stop at some point?

Next is on 9.7.
It's not unlimited but for now it's on monthly basis
Read the OP
AncientMystery
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July 01, 2017, 02:56:32 PM
 #10208

My byteball holdings will surpass my bitcoin holdings in terms of fiat value after the coming airdrop. And I didn't buy any GB. All bytes I posses I received just by linking btc. This is incredible.

Wow. Do you think it'll be possible to earn a "significant" number of bytes during this airdrop with a bitcoin balance of < 1BTC?  Grin
Unfortunately not. The crucial part was the first distribution round where the GB/BTC ratio of the distribution was the largest. If you think about investing small amount of money in byteball linking doesn't make sense as preceding talker explained. Buying GB gives you a better return because of the 0.2 distribution ratio.

Additionally my calculations regarding potential GB price rise are as follows:

1 GB = approx. 16.5 BTC when (and if) byteball achieves parity with bitcoin in terms of market cap.
Current price is 0.38 BTC which makes it a potential 43 times return on investment (4300%).

If you invest 0.01 BTC now by buying GB (linking doesn't make much sense with such small amount) you have a chance to earn 0.043 BTC ($1000). Not much actually and it all depends on the big 'if" byteball achieves parity with bitcoin. Nevertheless 0.01 BTC is just $25 therefore you can't expect any significant amount gained on such a small investment in any field actually. A $1000 investment is a starter to me in any field. A $1000 dollar investment would potentially give you $43,000 when the big "if" happens.

That's a very good explanation. I think I will try to get into the distribution next round!

Come-from-Beyond
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July 01, 2017, 04:31:29 PM
 #10209

Nice try scammer.

What is the purpose of this alleged scam?


Your problems are classic PEBKAC (Problem Exists Between Keyboard And Chair).

I lean towards thinking that the problem is in inefficient implementation of Byteball headless software. Is anyone working on an alternative software or on something without extensive usage of SQL at least?

PS: I'd like to point to this:
4. I looked into the source code and spotted some places which may lead to performance degradation on machines of other users (btw, why is SQL so heavily used?).
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July 01, 2017, 05:17:11 PM
 #10210

Alright, I've started syncing from scratch. SatoNatomato, you have to wait until I sync, sorry about that.

A tiny wish-list if one of the devs gets spare time for that:
1. Ability to run the DB solely in memory. Dedicated servers with 32 GB can do it easily and reliably. In a case of a blackout the servers can resync again, several dead nodes can't affect the network.
2. Ability to use some other DB engine. If it was easy to use MySQL, I would run it with in-mem DB right away (see previous point).
3. Indexed SQL views for data denormalization might speed-up everything considerably. If previous point is implemented then MS SQL Server 2016 will allow to get the boost with minimal code refactoring.
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July 01, 2017, 06:32:26 PM
 #10211

My byteball holdings will surpass my bitcoin holdings in terms of fiat value after the coming airdrop. And I didn't buy any GB. All bytes I posses I received just by linking btc. This is incredible.

Wow. Do you think it'll be possible to earn a "significant" number of bytes during this airdrop with a bitcoin balance of < 1BTC?  Grin
Unfortunately not. The crucial part was the first distribution round where the GB/BTC ratio of the distribution was the largest. If you think about investing small amount of money in byteball linking doesn't make sense as preceding talker explained. Buying GB gives you a better return because of the 0.2 distribution ratio.

Oh well, it looks like I'm gonna have to buy the bytes directly then. But one thing though, didn't tonych say that the distribution in further rounds will be increased successively till it matches that of the first round?

Quote
Additionally my calculations regarding potential GB price rise are as follows:

1 GB = approx. 16.5 BTC when (and if) byteball achieves parity with bitcoin in terms of market cap.
Current price is 0.38 BTC which makes it a potential 43 times return on investment (4300%).

If you invest 0.01 BTC now by buying GB (linking doesn't make much sense with such small amount) you have a chance to earn 0.043 BTC ($1000). Not much actually and it all depends on the big 'if" byteball achieves parity with bitcoin. Nevertheless 0.01 BTC is just $25 therefore you can't expect any significant amount gained on such a small investment in any field actually. A $1000 investment is a starter to me in any field. A $1000 dollar investment would potentially give you $43,000 when the big "if" happens.

While I would definitely love to invest such an amount before the next drop, the whopping 350+:1 exchange rate between the closest available currency and the dollar makes it nigh impossible (so $1000 is not exactly small, but I see what you're saying) except I'm borrowed BTC or get really lucky at freebitco.in or miraculously get a whole barrage of referrals.

Either way, it's pretty clear I'm fairly late to the whole crypto arena but I'm still gonna try and make the most of it. And oh, thank you for the brilliant explanation.
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July 01, 2017, 06:49:31 PM
 #10212

i want to ask some questions, when there will be the next coin distribution? are these coin distribution always available in the future, or there will be a stop at some point?


This is scheduled for the full moon of July 9, 2017 at 04:07 UTC so you still have a lot of time to attach your wallet address to this coin and turn it into money making machine without doing any hard work.
galaxiekyl
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July 01, 2017, 07:16:21 PM
 #10213

hi

I sell my BB-->28gbb to 1.4 gb

in more i want borrowed gb for next round..for all 0.2gb and 0.4gbb i receive each round i will give 0.02 new gb and 0.04 gbb of my balance until end of distrib(minimum than i borrow 10gb)..if someone are interested pm me for more détails.

edit: above to 100gb borrowed i give 0.05 gb for all 0.2gb i receive and 0.1gbb..0.1gb and 0.2gbb above 500gb each round for just one round of borrow.

i'm serious isnt scam or joking.

why would i lend to you? you get 0.2gb for each 1gb linked. then you give me 0.02gb for each 1gb i lend you. why dont i keep my 1gb and keep 0.2gb. you trying to take advantage of people.

 This isn't an donation its lending.. yu are paid for this service..yu will made a profit at each round for only one borrow round.

if you make a tonne of gb in lend then sell it all you give them 0.05 and have no gb for further rounds. if you get no more you owe no more. sounds scammy. id rather hold my own and get 0.2 each round compounded. you're making it sound good but its not.

it's precisely the opposite..i not interest of sell my part if i want participat at other round..in more i accept escrow so i will just receive my part and paid interest for each round at lenders.

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July 01, 2017, 08:32:50 PM
 #10214

Alright, I've started syncing from scratch. SatoNatomato, you have to wait until I sync, sorry about that.

A tiny wish-list if one of the devs gets spare time for that:
1. Ability to run the DB solely in memory. Dedicated servers with 32 GB can do it easily and reliably. In a case of a blackout the servers can resync again, several dead nodes can't affect the network.
2. Ability to use some other DB engine. If it was easy to use MySQL, I would run it with in-mem DB right away (see previous point).
3. Indexed SQL views for data denormalization might speed-up everything considerably. If previous point is implemented then MS SQL Server 2016 will allow to get the boost with minimal code refactoring.
You are full of shit as always.

1. Many people have already run "the entire DB" from memory, a colleague is running a hub from memory only without ever even touching the SSDs. Of course, for you CfB, doing this is out of your league.

2. MariaDB has been used by at least 2 other people.

3. So you havent even looked at which indexes already exist, to offer any meaningful advice than "ah you use SQL, have you tried denormalizing it".

Hey, iota man your currency marketing is targeting IoT - have you tried putting it on an IoT device? Oh no. You havent. You thought a raspberry pi was an IoT device. You didnt even know Proof-of-Work in an IoT coin is oxymoronic at best, complete retardation otherwise.
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July 01, 2017, 09:15:53 PM
 #10215

Are there any other coins that has the same potential as $GBYTE? Im talking about a low supply as well? I like the circulation of the supply here
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July 01, 2017, 10:01:56 PM
 #10216

We welcome the 3,000th member in our slack!

Please retweet: https://twitter.com/CryptKeeperBTT/status/881259925451755521

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
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July 01, 2017, 10:07:19 PM
 #10217


So if my calculation are right we have :

504928.00786310 btc linked  which will bring approx. : 31,558 gb

and we have 255,492gb in circulation which will bring : 51,098 gb more after airdrop

So


31,558+51,098= 82,656 new gb added to the one in circulation which in total will bring to 338,148 gb in circulation.

Yes that's 1/3 of all gbytes.

Yes i think in this rate we will have at least 3 more airdrops
.

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July 01, 2017, 10:11:45 PM
 #10218

Is there any statistics showing the progress in BTCs linking from round to round? Is the linking rising constantly evert month or is is accelerating or slowing down? I remember time ago 2% of BTCs where linked. How many now?
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July 01, 2017, 10:21:53 PM
 #10219

Is there any statistics showing the progress in BTCs linking from round to round? Is the linking rising constantly evert month or is is accelerating or slowing down? I remember time ago 2% of BTCs where linked. How many now?


http://transition.byteball.org
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July 02, 2017, 12:12:45 AM
 #10220

I dont understand any of this, wth is byteball and how does it work? in plain English please.

It's the currency of the future.


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