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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1178473 times)
gtzanap
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July 06, 2017, 08:13:59 PM
 #10381

I know the distribution is on the 9th, but when will the "screenshot" of the blockchain done for the byteball airdrop?

Actually, its the screenshot that is on the 9th. The distribution for both bytes and blackbytes may take even 48h after that to be over

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1569142875
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FiNaLize
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July 06, 2017, 08:14:25 PM
 #10382

Are there concerns btw that is coin is used for illigal purposes? I don't want that

s1lverbox
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July 06, 2017, 08:26:27 PM
 #10383

Are there concerns btw that is coin is used for illigal purposes? I don't want that

seriously? Where did u come from?
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July 06, 2017, 08:57:39 PM
 #10384

I know the distribution is on the 9th, but when will the "screenshot" of the blockchain done for the byteball airdrop?

What's been done in the past is the first bitcoin block after the full moon UTC time.

But, there is a wait just to make sure there isn't a reorg on a bad bitcoin block / chain split issue.

Payment is typically within 24 hours; however, you can move your bitcoin when you feel like it during that time.
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July 06, 2017, 09:05:44 PM
 #10385

Are there concerns btw that is coin is used for illigal purposes? I don't want that

Everything is used for illegal and legal purposes.   So, something like byteball (although unlikely right now) still could be used as such.... Just like Bitcoin, Gold, and most importantly... cash.

If people can use something for 'illegal' purposes, they will.
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July 06, 2017, 09:11:51 PM
 #10386

How is airdrop date accurate? Can I link BTCs right before 04:07 UTC? Say, 1 or 2 hours prior to it?

Yes.  Just remember that the snapshot is of confirmed balances.
So, linking is fine, but if you link an address that is getting BTC, but which isn't confirmed at the snapshot, then you get nothing.   Must be a confirmed BTC balance.
kola-schaar
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July 06, 2017, 09:24:27 PM
 #10387

Are there concerns btw that is coin is used for illigal purposes? I don't want that
I think Michail1 is right, but in the moment this coin is not likely to be used for illegal business.
If you hear something like this, you can immediately end your engagement and dump - deal? Smiley
bitowl
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July 06, 2017, 09:46:50 PM
 #10388

two questions

1. do I have to link my btc address before the snapshot?
2. can I link multiple btc addresses or do I have to consolidate in one address?
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July 06, 2017, 09:54:39 PM
 #10389

two questions

1. do I have to link my btc address before the snapshot?
2. can I link multiple btc addresses or do I have to consolidate in one address?

1.  You can link anytime you want, but if you want to be a part of the distribution, you have to link prior to it happening.  Byteball isn't able to know that you 'intend' to link in the future.  Tongue

2. Yes, you can link as many BTC addresses as you want.
So, you can link 10 BTC addys to a Byteball account, or 10 BTC addys to 10 diff byteball addys.

What you can't do it linke 1 BTC address to 2 byteball addresses without an issue.
CryptoRobert
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July 07, 2017, 12:16:50 AM
 #10390

I've noticed that many more BTCs have been linked for this round and that the adoption rate is therefore happily growing. Let's hope that the newcomers learn from the past price action and don't dump their free Bytes. Anyone who did dump in the past has good reasons to regret now.

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July 07, 2017, 12:26:02 AM
 #10391

I've noticed that many more BTCs have been linked for this round and that the adoption rate is therefore happily growing. Let's hope that the newcomers learn from the past price action and don't dump their free Bytes. Anyone who did dump in the past has good reasons to regret now.

Your community members are doing a good job spreading the word.  Wink I think I'll HODL for a bit. Although I am sure the 59 MB that I'll be getting really wouldn't effect the market much. Maybe I'll buy some GB two weeks after the airdrop.

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July 07, 2017, 01:45:27 AM
 #10392

how do you do cold storage for byteball?

i suppose i could just run the byteball software on an air-gapped offline machine to generate keys?
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July 07, 2017, 02:01:53 AM
 #10393

how do you do cold storage for byteball?

i suppose i could just run the byteball software on an air-gapped offline machine to generate keys?

Yes, that's  the easiest solution so far if you don't want your gbytes to touch the internet
Paper wallet is coming soon tho
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July 07, 2017, 05:45:34 AM
 #10394

My only concern with Byteball is what happens after the last distribution round? I think the frequent high airdrops are the main incentive to hold this coin and have encouraged a lot of Whales to hold in the interim.  It seems a massive selloff after the last round is unavoidable and I wonder where the project/price will go from there.

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qiman
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July 07, 2017, 05:49:50 AM
 #10395

I am very interested in joining the snapshots before they end. I wanted to also ask, is it a good idea to purchase some form Bittrex also and place in the wallet? Will I receive more Byteballs if I hold some in my wallet also or I must just have Bitcoin? Also do I need to have the wallet open to receive the coins or it does not matter? Thank you in advance for your answers.


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July 07, 2017, 05:52:00 AM
 #10396

very good idea and very interesting project , but i don't have any BTC in wallet .so i think i can't get the byteball
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July 07, 2017, 05:55:44 AM
 #10397

My only concern with Byteball is what happens after the last distribution round? I think the frequent high airdrops are the main incentive to hold this coin and have encouraged a lot of Whales to hold in the interim.  It seems a massive selloff after the last round is unavoidable and I wonder where the project/price will go from there.

thats what i thought at the start but after using byteball and seeing how good it is (better than bitcoin ,ethereum and monero combined)
im not worried about that at all

its only a matter of time before its listed at exchanges larger than bittrex and the price will reach bitcoin parity and keep going

ive been buying coins since 2011 and byteball is the most impressive and easy solution to use ive seen yet

also the unit of accounting will be changed from gbyte to mbyte and this will make it appear cheaper to the masses

only an idiot would sell his free gbytes imo and thankfully there are plenty of those so i can buy MOAR !
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July 07, 2017, 05:59:51 AM
 #10398

My only concern with Byteball is what happens after the last distribution round? I think the frequent high airdrops are the main incentive to hold this coin and have encouraged a lot of Whales to hold in the interim.  It seems a massive selloff after the last round is unavoidable and I wonder where the project/price will go from there.

Since it's extremely easy to create assets running on Byteball, be sure it will be used at least for ICO. There is already one in China: https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=fr&ie=UTF-8&u=http%3A%2F%2Fibank.one%2F&edit-text=&act=url

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July 07, 2017, 06:13:17 AM
 #10399

My only concern with Byteball is what happens after the last distribution round? I think the frequent high airdrops are the main incentive to hold this coin and have encouraged a lot of Whales to hold in the interim.  It seems a massive selloff after the last round is unavoidable and I wonder where the project/price will go from there.
I used to think this too, until I read the exact opposite: after the airdrops stop, the only way to get Bytes is to buy them.
There are arguments for going either way.
As far as I know no other coin has an airdrop schedule like Byteball has. That makes me very curious how it is going to develop. I have high hopes, so far Tony is holding 1% ($9 million now), and considering the good job he did so far, I believe he thought this through too.

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July 07, 2017, 06:13:51 AM
 #10400

how do you do cold storage for byteball?

i suppose i could just run the byteball software on an air-gapped offline machine to generate keys?

For good security have at a look at multi-device wallet, it's a nicely feature of Byteball. You can choose a combinaison of signatures required for an address you created, for example 2 of 3 signatures from your desktop computer, tablet and smartphone. This way an attacker would have to hack several of your devices to steal your money, that makes things a lot harder.

I am very interested in joining the snapshots before they end. I wanted to also ask, is it a good idea to purchase some form Bittrex also and place in the wallet? Will I receive more Byteballs if I hold some in my wallet also or I must just have Bitcoin? Also do I need to have the wallet open to receive the coins or it does not matter? Thank you in advance for your answers.

You will receive 0,2 bytes per byte you own during airdrop. You don't necessary need to keep the wallet open to receive the coins.

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