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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1226310 times)
Gatekeeper
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July 03, 2017, 08:17:07 PM
 #10281


BTC is not sold to anyone, it's only linked.
If you can prove you own a certain BTC address, then the coins in that address can be linked.
that's all, the BTC stay where they are, nobody takes them. The owners keep their BTC and also get free GByte.

You can buy GByte for BTC in exchanges though, and get more GBytes than by just linking your BTC, but obviously you would not keep your BTC that way.

you completely misunderstood my point but thanks anyway. You can buy and sell GB through the chatbot. It's actually a fantastic idea, it completely cuts out the need for exchanges. The chat bot has a built in order book. I've looked into it more but there's very little liquidity so,for now, exchanges still need to be used but it'd be fantastic to see people grow the chatbot order book rather than trade on exchanges.

It's actually an amazing idea, if all coins had their own built in order book you could create a sort of decentralized all seeing eye bot that could connect with all the individual coin bots and create a way to trade any coin at any time without ever needing an exchange.

Byteball should really push the built in order book, maybe offer a small incentive or something to stop people using exchanges.

(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
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kola-schaar
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July 03, 2017, 08:58:50 PM
 #10282


BTC is not sold to anyone, it's only linked.
If you can prove you own a certain BTC address, then the coins in that address can be linked.
that's all, the BTC stay where they are, nobody takes them. The owners keep their BTC and also get free GByte.

You can buy GByte for BTC in exchanges though, and get more GBytes than by just linking your BTC, but obviously you would not keep your BTC that way.

you completely misunderstood my point but thanks anyway. You can buy and sell GB through the chatbot. It's actually a fantastic idea, it completely cuts out the need for exchanges. The chat bot has a built in order book. I've looked into it more but there's very little liquidity so,for now, exchanges still need to be used but it'd be fantastic to see people grow the chatbot order book rather than trade on exchanges.

It's actually an amazing idea, if all coins had their own built in order book you could create a sort of decentralized all seeing eye bot that could connect with all the individual coin bots and create a way to trade any coin at any time without ever needing an exchange.

Byteball should really push the built in order book, maybe offer a small incentive or something to stop people using exchanges.
Yes, byteball has much more to offer than an original distribution  Wink
There is a little description about the P2P trading bot
in the wiki (https://byteroll.com -> trading)
I do not know if you have already read this:
https://medium.com/byteball/making-p2p-great-again-episode-ii-bitcoin-exchange-d98adfbde2a5
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July 03, 2017, 10:38:34 PM
 #10283


UPDATE :

535144.02557894 btc linked  which will bring approx. : 33,446 gb

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

So


32,341+51,098= 84,544 new gb added to the one in circulation which in total will bring to 340,036 gb in circulation.

Yes that's 1/3 of all gbytes.

Yes i think in this rate we will have at least 4 more airdrops
.
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July 04, 2017, 12:34:05 AM
 #10284

32,341+51,098= 83,439 new gb added to the one in circulation which in total will bring to 338,931 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[/size].[/center]


32,341+51,098= 84,544 new gb added to the one in circulation which in total will bring to 340,036 gb in circulation.
Yes that's 1/3 of all gbytes.
Yes i think in this rate we will have at least 4 more airdrops[/size].[/center]

Why is the estimate of number of airdrops increasing? As more and more btc get linked, more gbytes should be distributed in this round.
If anything, the number of estimated airdrops should decrease...


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July 04, 2017, 01:07:33 AM
 #10285

32,341+51,098= 83,439 new gb added to the one in circulation which in total will bring to 338,931 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[/size].[/center]


32,341+51,098= 84,544 new gb added to the one in circulation which in total will bring to 340,036 gb in circulation.
Yes that's 1/3 of all gbytes.
Yes i think in this rate we will have at least 4 more airdrops[/size].[/center]

Why is the estimate of number of airdrops increasing? As more and more btc get linked, more gbytes should be distributed in this round.
If anything, the number of estimated airdrops should decrease...

My mistake.

But if we will see 100k added each round most likely we will see at least 3-4 more airdrops.

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July 04, 2017, 06:18:22 AM
 #10286

looking forward to the coming distribution!
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July 04, 2017, 07:17:20 AM
 #10287

Can anyone tell me how to link bittrex wallet?

cant find it
naska21
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July 04, 2017, 07:24:05 AM
 #10288

Can anyone tell me how to link bittrex wallet?

cant find it

there is no way to link Bittrex (as well as any other Exchange)  wallet as you do not possess the private key for your address

whole nazca signature space owned by naska21 for rent, feel free to PM me
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July 04, 2017, 08:36:34 AM
 #10289

This is a truly inspiring article:

https://medium.com/byteball/making-p2p-great-again-episode-ii-bitcoin-exchange-d98adfbde2a5

I guess Byteball is still very underrated.
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July 04, 2017, 09:06:14 AM
 #10290

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July 04, 2017, 10:04:33 AM
 #10291

Given that Byteball's bots are so cool and the exchange bot is great but it doesn't have much liquidity, why not enhacing it though a collaboration with the upcoming system of liquidity provided by Bancor? Sooner or later I guess all cryptos will adopt Bancor's brand new system to create a reseve which makes the asset liquid agains other currencies, so why not to be one of the first ones? This could help to spread the news about Byteball and increase adoption rate.
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July 04, 2017, 10:14:54 AM
 #10292

Given that Byteball's bots are so cool and the exchange bot is great but it doesn't have much liquidity, why not enhacing it though a collaboration with the upcoming system of liquidity provided by Bancor? Sooner or later I guess all cryptos will adopt Bancor's brand new system to create a reseve which makes the asset liquid agains other currencies, so why not to be one of the first ones? This could help to spread the news about Byteball and increase adoption rate.

Bancor is the biggest bullshit in crypto history: http://hackingdistributed.com/2017/06/19/bancor-is-flawed/
There is nothing more stupid than a liquidity contract whose the algorithm is public.

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July 04, 2017, 10:17:20 AM
 #10293

Given that Byteball's bots are so cool and the exchange bot is great but it doesn't have much liquidity, why not enhacing it though a collaboration with the upcoming system of liquidity provided by Bancor? Sooner or later I guess all cryptos will adopt Bancor's brand new system to create a reseve which makes the asset liquid agains other currencies, so why not to be one of the first ones? This could help to spread the news about Byteball and increase adoption rate.

Bancor is the biggest bullshit in crypto history: http://hackingdistributed.com/2017/06/19/bancor-is-flawed/
There is nothing more stupid than a liquidity contract whose the algorithm is public.

wow...

you lost in this forum... this is byteball thread lol

and lmao apparently you have no understanding of open-source code

also that article was rebutted and quashed

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ChainSmoker
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July 04, 2017, 11:38:06 AM
 #10294

I am new to byteball and want to get involved in free distribution phase.i hope i am not too late.I want to know why byteball is providing free coins?what's their motive?what if they somehow tricks users to sign a address which later results in somehow a signed transaction?That can happen right? I will explain my question better with a situation.
Suppose a user has 1 BTC and he signs the byteball address using his bitcoin address to prove the ownership of that address now what if the byteball address he signed is somehow an unsigned bitcoin transaction which gets signed too and so byteball team can withdraw the bitcoins?That's a possibility?
Sorry for being paranoid.Please answer

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July 04, 2017, 11:47:08 AM
 #10295

Sorry for being paranoid.Please answer
Signatures are part of Bitcoin. Short answer: it's safe.
If you think it can be cracked, this address holds 53,880.0574758 BTC ($140 million) and has signed this message.

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July 04, 2017, 12:24:50 PM
 #10296

I am new to byteball and want to get involved in free distribution phase.i hope i am not too late.
The 7th distribution round will occur on July 9th, at 4 AM UTC, you still have time to sign your BTC to link it. (Or buy byteball to get 20%)
I made a guide here:
byteballblog.wordpress.com/how-to-get-free-byteballs/
The number of airdrops is still unknown, there will be airdrops until all the byteballs are distributed. For more information check the first post in this thread.

I want to know why byteball is providing free coins?what's their motive?
All of this is in the OP, but the reason is that the developer did some research, and what made a coin a success was how much it was used, and how many people owned it. If a coin is in the hands of only a few people, it won't succeed, and it will be forgotten. Dogecoin for example is a good example of this, a lot of people were tipping dogecoin, even I gave dogecoins to more than 50 people in forums. Dogecoin had nothing really going for it, and it was still very successful. This coin is much better, and then it's being airdropped, so I have no doubt it will succeed.


what if they somehow tricks users to sign a address which later results in somehow a signed transaction?That can happen right?
I will explain my question better with a situation.
Suppose a user has 1 BTC and he signs the byteball address using his bitcoin address to prove the ownership of that address now what if the byteball address he signed is somehow an unsigned bitcoin transaction which gets signed too and so byteball team can withdraw the bitcoins?That's a possibility?
Sorry for being paranoid.Please answer
No, the signature just serves to demonstrate you own that bitcoin address. There is nothing anybody can do with a signature other than agree that yes, you own that address.
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July 04, 2017, 12:41:17 PM
 #10297

[reminder]

Beware of change addresses in your BTC wallet AND in your byteball wallet for the next distribution round!

Byteball distribution companion helps you.

          Is you address properly linked?
          Is your linked BTC balance what you expected?
          Are all your bytes on your byteball linked address?
          How much will you receive?




+Bookmark. Once distribution has started you can follow in near real time when bytes arrive in your wallet. Enjoy!

Byteball payment gateway for web merchants https://byteball-for-merchants.com/ - BEEB  (Blackbytes Exchange Bot): https://www.beeb-bot.com/ (closed)
Network map, stats, Top Richests and Byteball world map at https://byteball.fr/ (closed) - Hub operator featuring the cashback witness https://byteball-cashback-witness.com (closed)
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July 04, 2017, 12:43:14 PM
 #10298

Suppose a user has 1 BTC and he signs the byteball address using his bitcoin address to prove the ownership of that address now what if the byteball address he signed is somehow an unsigned bitcoin transaction which gets signed too and so byteball team can withdraw the bitcoins?That's a possibility?
Sorry for being paranoid.Please answer

The Bitcoin wallet has a built-in protection against this attack.

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July 04, 2017, 12:52:18 PM
 #10299

Sorry for being paranoid.Please answer
Signatures are part of Bitcoin. Short answer: it's safe.
If you think it can be cracked, this address holds 53,880.0574758 BTC ($140 million) and has signed this message.

Aha, you found my change address
I had forgotten about that one....  Wink
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July 04, 2017, 01:43:01 PM
 #10300


UPDATE :

542602.17365275 BTC linked  which will bring approx. : 33,912 gb

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

So


32,341+51,098= 85,010 new gb added to the one in circulation which in total will bring to 340,502 gb in circulation.

Yes that's 1/3 of all gbytes.

We will have at least 4 more airdrops
.
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