Obyte: Totally new consensus algorithm + private untraceable payments

[Camerieresimone]

I didn't receive any blackbytes in the last round, only gbytes. Any clue on what I did wrong?

Did you link your Byteball address to a Bitcoin address?  It needs to be linked to get Blackbytes.

Not sure I'm understanding: I linked all my addresses holding btc, via chat bot, and received the corresponding gbyte correctly, but not the blackbytes.

[pwpwpw]

In case your wondering, those who shat their pants in the last btc dump, are selling Byteball (and all others alts) for BTC and cashing out to fiat. That's why the price decreased and after BTC locks in segwit, they will buy it back higher, you know, buy high sell low tactic.

[gtzanap]

In case your wondering, those who shat their pants in the last btc dump, are selling Byteball (and all others alts) for BTC and cashing out to fiat. That's why the price decreased and after BTC locks in segwit, they will buy it back higher, you know, buy high sell low tactic.

Wonderful. Where would we all be without them 

[Jeff Jefferson]

i think everyone is selling his alts into btc. because segwit will bring the btc price higher than ever and btc cash is also a nice incentive.

however i will keep on accumulating byteball which will rise back up right before the next airdrop and after the segwit/cash move is over.

[(No subject)]

BTC  price has returned and even topped, but byteball Still at a very low level...

[NUFCrichard]

BTC  price has returned and even topped, but byteball Still at a very low level...

Well there is pretty big inflation on a monthly basis here, so the market cap hasn't fallen as much as the price.

It is also the middle of the month lull, people want to hold Byteball before the airdrop, but that is 2.5 weeks away, so they don't need to worry about it.
Alts generally are down too.

I know everyone says this all the time about every coin, but I actually think that now is a good time to buy here. But to make a short term profit, you probably want to dump before the airdrop, sell when others are buying.

[sinner]

BTC  price has returned and even topped, but byteball Still at a very low level...

I would guess price stays depressed for a few months until airdrops are over because it is clear from the last airdrop that many people linked BTC solely to dump their airdropped GBYTE.  Those same people will likely dump the next 2 (or 3?  ) airdrops.  Byteball has already seen amazing growth this year, but I think (i'm guessing and i'm usually wrong) it will find its last local bottom in late 2017 before skyrocketing in 2018 and getting some media attention.

I'm torn between talking about Byteball vs following Byte Club Rules (you do not talk about Byteball). 

[bobq]

Since Byteball is so technically awesome it would be great to actively look for major players who would have a convenience to adopt it for their businesses. Parterships and PR, they could benefit the value perhaps.

[sinner]

Since Byteball is so technically awesome it would be great to actively look for major players who would have a convenience to adopt it for their businesses. Parterships and PR, they could benefit the value perhaps.

Look--yes! But don't act on it until airdrops are done in a few months because partnerships and PR will pump it, and we don't wanna do that too much right now 

Since Byteball is being airdropped on a lot of big players in bitcoin, I would imagine some serious pumping is on the horizon in 3-6 months time.

[GenTarkin]

Ive read the whitepaper over.. couple things come to mind.

1. I cant help but get over the fact the "witness" nodes to me feel like "centralization", as-is mentioned ... trusted institutions, banks etc can becomes these nodes. Whats preventing a majority collection of "witness" nodes from rewriting history or manipulating stuff as they see fit? Seems like a huge shortcoming to a otherwise amazing cryptocoin =)

2. The analogy of "value/stability" in the upper portion of the whitepaper is completely incorrect. The document references bitcoin's volatility in fiat currency exchange and then turns right around and states something along the lines that "bytes" are required to pay for storage used in the DAG ... hence inherent value. Those are 2 completely different and unrelated value measurements.
If you are going to use the "fee of bytes" then you have to relate that to bitcoin's inherent tx cost in fees, btc is required to guarantee miners actually include your transaction in the blockchain. This has nothing to do w/ fiat exchange price.
When it comes to both crypto's(all cryptocoins for that matter) the fiat exchange price is derived from the same thing - If people see a use for it, they will buy it, causing rising prices... period end of story.

3. Does anyone find it ironic that obtaining the entire supply is FREE??? To me, that means theres no effort / competition in obtaining the supply, therefore its inherently not worth much. I realize it all comes down to if enough folks find it useful enough to justify the cost of purchasing more from an exchange ... but still. The advantages of this coin will have to blow away Bitcoin in nearly every aspect AND people will have to want to use it more.... for this coin to be successful, otherwise it will just end up being another 1 out of hundreds of alts that dont mean anything. Just my 2c

In the end, #1 is my most concerning question, if someone could answer it in a way that instills more confidence in the network, Ill stand behind this alt like none other. But if its easily compromised through the "witnesses" then there really is no point to this coin.

[rigel]

Ive read the whitepaper over.. couple things come to mind.

1. I cant help but get over the fact the "witness" nodes to me feel like "centralization", as-is mentioned ... trusted institutions, banks etc can becomes these nodes. Whats preventing a majority collection of "witness" nodes from rewriting history or manipulating stuff as they see fit? Seems like a huge shortcoming to a otherwise amazing cryptocoin =)

2. The analogy of "value/stability" in the upper portion of the whitepaper is completely incorrect. The document references bitcoin's volatility in fiat currency exchange and then turns right around and states something along the lines that "bytes" are required to pay for storage used in the DAG ... hence inherent value. Those are 2 completely different and unrelated value measurements.
If you are going to use the "fee of bytes" then you have to relate that to bitcoin's inherent tx cost in fees, btc is required to guarantee miners actually include your transaction in the blockchain. This has nothing to do w/ fiat exchange price.
When it comes to both crypto's(all cryptocoins for that matter) the fiat exchange price is derived from the same thing - If people see a use for it, they will buy it, causing rising prices... period end of story.

3. Does anyone find it ironic that obtaining the entire supply is FREE??? To me, that means theres no effort / competition in obtaining the supply, therefore its inherently not worth much. I realize it all comes down to if enough folks find it useful enough to justify the cost of purchasing more from an exchange ... but still. The advantages of this coin will have to blow away Bitcoin in nearly every aspect AND people will have to want to use it more.... for this coin to be successful, otherwise it will just end up being another 1 out of hundreds of alts that dont mean anything. Just my 2c

In the end, #1 is my most concerning question, if someone could answer it in a way that instills more confidence in the network, Ill stand behind this alt like none other. But if its easily compromised through the "witnesses" then there really is no point to this coin.

As regards point 3: you should not confuse value with cost.
Cost is what you pay.
Value is what you get.
Sometimes those are unrelated.

[jamesclark]

BTC  price has returned and even topped, but byteball Still at a very low level...

yes I am wondering the same, what the heck is going on with the byteball??

[jwinterm]

BTC  price has returned and even topped, but byteball Still at a very low level...

yes I am wondering the same, what the heck is going on with the byteball??

Most come dumping hard today, at least versus BTC. Look at LTC, XMR, ETH, etc.

[bcsuisse]

BTC  price has returned and even topped, but byteball Still at a very low level...

yes I am wondering the same, what the heck is going on with the byteball??

when I received my first BB the valuation was 200USD . so what are you guys talking about? low valuation at 500 usd???

[cryptosecurity]

I enjoyed buying GBYTE at the recent lows. A lot of fun! I will be holding these for quite a long time.
I know nice things will happen with BYTEBALL. It's a new Bitcoin if you will.

[SatoNatomato]

Ive read the whitepaper over.. couple things come to mind.

1. I cant help but get over the fact the "witness" nodes to me feel like "centralization", as-is mentioned ... trusted institutions, banks etc can becomes these nodes. Whats preventing a majority collection of "witness" nodes from rewriting history or manipulating stuff as they see fit? Seems like a huge shortcoming to a otherwise amazing cryptocoin =)

2. The analogy of "value/stability" in the upper portion of the whitepaper is completely incorrect. The document references bitcoin's volatility in fiat currency exchange and then turns right around and states something along the lines that "bytes" are required to pay for storage used in the DAG ... hence inherent value. Those are 2 completely different and unrelated value measurements.
If you are going to use the "fee of bytes" then you have to relate that to bitcoin's inherent tx cost in fees, btc is required to guarantee miners actually include your transaction in the blockchain. This has nothing to do w/ fiat exchange price.
When it comes to both crypto's(all cryptocoins for that matter) the fiat exchange price is derived from the same thing - If people see a use for it, they will buy it, causing rising prices... period end of story.

3. Does anyone find it ironic that obtaining the entire supply is FREE??? To me, that means theres no effort / competition in obtaining the supply, therefore its inherently not worth much. I realize it all comes down to if enough folks find it useful enough to justify the cost of purchasing more from an exchange ... but still. The advantages of this coin will have to blow away Bitcoin in nearly every aspect AND people will have to want to use it more.... for this coin to be successful, otherwise it will just end up being another 1 out of hundreds of alts that dont mean anything. Just my 2c

In the end, #1 is my most concerning question, if someone could answer it in a way that instills more confidence in the network, Ill stand behind this alt like none other. But if its easily compromised through the "witnesses" then there really is no point to this coin.

1. They cant rewrite history, other full nodes also maintain copies. Witnesses in majority-collusion can only stall the network, or stop their own replacement.

3. Effort and competition exists in receiving the supply, little effort to install the app, link btc, just like in first years of btc, install the software set it to mine. Anyone linking btc is competing with everyone else, more btc linked - less bytes for you. Which explains little why Byteball is not hyped, and the first rule of Byteball.
 

[kilwar]

Hello, I'm trying to prove ownership of my Bitcoin address by signing my Byteball address but the transition bot doesn't respond after I enter my Bitcoin address.
Any suggestions?

not sure, i just added a new address, t.bot response was instant.

make sure u dont have a 'space' at the end of your address, maybe??



if we have more than 1 linked address do both get 'paid' or is it just the most recently verified address?

There's no space and it still doesn't respond.

[johhnyUA]

You mean actually using it for fast, near feeless transactions is not good enough ? I highly doubt that.

It's not enough because nobody needs it (for now). Be honest.
so i'm ask about better ways to keep price high and develop project

Once the distribution has been finished the dumping also ends, byteball will begin to take off and will never look back.

Do you really shink so? There too many people who keeps their byteballs only for next distribution. After distribution will be finished they will sell ALL their gbt. nuff said 

[cryptme]

You mean actually using it for fast, near feeless transactions is not good enough ? I highly doubt that.

It's not enough because nobody needs it (for now). Be honest.
so i'm ask about better ways to keep price high and develop project

Once the distribution has been finished the dumping also ends, byteball will begin to take off and will never look back.

Do you really shink so? There too many people who keeps their byteballs only for next distribution. After distribution will be finished they will sell ALL their gbt. nuff said  

we can't predict for sure the future value of byteball. Now we see almost predictable pricewaves as distribution goes on monthly.
BUT, after last round ends the coin will enter scarcity period, so no reason to dump it like crazy.
Then the development and features will give value to this coin. I have a good feeling about it, as development goes on in a very good pace and DAG might have a better usage than blockchains.

[pwpwpw]

You mean actually using it for fast, near feeless transactions is not good enough ? I highly doubt that.

It's not enough because nobody needs it (for now). Be honest.
so i'm ask about better ways to keep price high and develop project

Once the distribution has been finished the dumping also ends, byteball will begin to take off and will never look back.

Do you really shink so? There too many people who keeps their byteballs only for next distribution. After distribution will be finished they will sell ALL their gbt. nuff said 

Nobody needs it? Well I still see no crypto being used for daily small transactions, btc won't handle coffee payments and I don't see many coins that are this fast and cheap to send. This coin has huge potential and if it continues to grow / develop the same way it did for the past 6 months, I'm sure it won't dump as soon as it's distributed because there will be no other way of getting it beside buying, there's no staking, masternoding, mining it will be scarcer than any other coin I know. If you go by your logic, once BTC (or any other coin) stops the mining phase, it will be worthless ? No..