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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1175439 times)
AncientMystery
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July 23, 2017, 11:12:18 PM
 #11421

After linking don't send any transactions, even to yourself, because it will move the remaining bytes to a new change address that won't be linked. Additionally if you are making a backup you need to do a new backup after every outgoing transaction. The reason is the same (bytes are moved to a change address that is not backed up). To sum up: after every outgoing transaction you need to make a new backup and a new linking.

Furthermore a new backup is necessary after receiving every blackbytes transaction because blackbytes are stored on a local device only. If you don't make a backup after receiving blackbytes you won't be able to recover them if you loose access to the device.

This is very important information. Thank you! I will back up my wallet after getting blackbytes from airdrop (I backed before I got blackbytes last time).

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stevebc
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July 23, 2017, 11:48:20 PM
 #11422

After linking don't send any transactions, even to yourself, because it will move the remaining bytes to a new change address that won't be linked. Additionally if you are making a backup you need to do a new backup after every outgoing transaction. The reason is the same (bytes are moved to a change address that is not backed up). To sum up: after every outgoing transaction you need to make a new backup and a new linking.

Furthermore a new backup is necessary after receiving every blackbytes transaction because blackbytes are stored on a local device only. If you don't make a backup after receiving blackbytes you won't be able to recover them if you loose access to the device.

I thought all wallets (whether linked or not) were going to get the blackbytes 20% bonus, and that it was only folks  trying to claim for having BTC that needed to link.  Is that statement inaccurate?

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francism
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July 24, 2017, 12:22:50 AM
 #11423

After linking don't send any transactions, even to yourself, because it will move the remaining bytes to a new change address that won't be linked. Additionally if you are making a backup you need to do a new backup after every outgoing transaction. The reason is the same (bytes are moved to a change address that is not backed up). To sum up: after every outgoing transaction you need to make a new backup and a new linking.

Furthermore a new backup is necessary after receiving every blackbytes transaction because blackbytes are stored on a local device only. If you don't make a backup after receiving blackbytes you won't be able to recover them if you loose access to the device.

I thought all wallets (whether linked or not) were going to get the blackbytes 20% bonus, and that it was only folks  trying to claim for having BTC that needed to link.  Is that statement inaccurate?

Yep, that statement is definitely inaccurate. Only linked byteball address will get 0.4222 blackbytes for every byte you hold on a specific address. Otherwise you will only get bytes if your address is not linked.
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July 24, 2017, 12:54:58 AM
 #11424

Directly from the Transition Bot, when I linked a new BTC change address just now:
Quote
For the bytes you hold on August 7 you receive 0.2 new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.

You also receive 0.42222 blackbytes for each 1 byte of your balance on the linked Byteball address, which currently is:
So, you get 0.2 byte per 1 byte... even if that address isn't linked... however, the 0.42222 blackbytes are ONLY for linked ByteBall addresses.

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July 24, 2017, 04:41:08 AM
 #11425

Directly from the Transition Bot, when I linked a new BTC change address just now:
Quote
For the bytes you hold on August 7 you receive 0.2 new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.

You also receive 0.42222 blackbytes for each 1 byte of your balance on the linked Byteball address, which currently is:
So, you get 0.2 byte per 1 byte... even if that address isn't linked... however, the 0.42222 blackbytes are ONLY for linked ByteBall addresses.

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!

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NUFCrichard
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July 24, 2017, 06:16:17 AM
 #11426

Directly from the Transition Bot, when I linked a new BTC change address just now:
Quote
For the bytes you hold on August 7 you receive 0.2 new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.

You also receive 0.42222 blackbytes for each 1 byte of your balance on the linked Byteball address, which currently is:
So, you get 0.2 byte per 1 byte... even if that address isn't linked... however, the 0.42222 blackbytes are ONLY for linked ByteBall addresses.

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!
Thanks for that, I just realized yesterday that most of my Bitcoin isn't linked anymore as they are in change addresses.
It's fairly annoying, but I guess I will just link the change addresses too, rather than get everything back into one address.

I am calling the bottom of the GBYTE price now, I think the build up phase will start soon before the next airdrop.
davidoski
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July 24, 2017, 06:17:54 AM
 #11427

Directly from the Transition Bot, when I linked a new BTC change address just now:
Quote
For the bytes you hold on August 7 you receive 0.2 new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.

You also receive 0.42222 blackbytes for each 1 byte of your balance on the linked Byteball address, which currently is:
So, you get 0.2 byte per 1 byte... even if that address isn't linked... however, the 0.42222 blackbytes are ONLY for linked ByteBall addresses.
Some bytes are distributed to dead addresses. Addresses that nobody has access to, i.e. lost by somebody due to no backups. I think it would be better to distribute bytes only to linked addresses.

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connexus
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July 24, 2017, 06:35:37 AM
 #11428

Directly from the Transition Bot, when I linked a new BTC change address just now:
Quote
For the bytes you hold on August 7 you receive 0.2 new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.

You also receive 0.42222 blackbytes for each 1 byte of your balance on the linked Byteball address, which currently is:
So, you get 0.2 byte per 1 byte... even if that address isn't linked... however, the 0.42222 blackbytes are ONLY for linked ByteBall addresses.
Some bytes are distributed to dead addresses. Addresses that nobody has access to, i.e. lost by somebody due to no backups. I think it would be better to distribute bytes only to linked addresses.

The problem is it would be difficult to prove if a particular wallet address is indeed no longer active or accessible by the original owner.


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davidoski
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July 24, 2017, 06:55:29 AM
 #11429

Directly from the Transition Bot, when I linked a new BTC change address just now:
Quote
For the bytes you hold on August 7 you receive 0.2 new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.

You also receive 0.42222 blackbytes for each 1 byte of your balance on the linked Byteball address, which currently is:
So, you get 0.2 byte per 1 byte... even if that address isn't linked... however, the 0.42222 blackbytes are ONLY for linked ByteBall addresses.
Some bytes are distributed to dead addresses. Addresses that nobody has access to, i.e. lost by somebody due to no backups. I think it would be better to distribute bytes only to linked addresses.

The problem is it would be difficult to prove if a particular wallet address is indeed no longer active or accessible by the original owner.
You just distribute bytes to linked addresses only. If the address is linked it means somebody has access to it. Anyway GBytes that end up in dead addresses just increase the value of the remaining Gbytes so it's not that big of a problem. It's just a bit wasteful but I can live with that.

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July 24, 2017, 06:57:31 AM
 #11430

Soon 1 byteball = 1 btc Grin
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July 24, 2017, 07:18:43 AM
 #11431

Soon 1 byteball = 1 btc Grin

Still a long way to go but I think we will see a new ATH soon at 0.5btc per gb.
davidoski
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July 24, 2017, 07:19:05 AM
 #11432

Soon 1 byteball = 1 btc Grin
What makes you think so?

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July 24, 2017, 07:35:28 AM
 #11433

You just distribute bytes to linked addresses only. If the address is linked it means somebody has access to it. Anyway GBytes that end up in dead addresses just increase the value of the remaining Gbytes so it's not that big of a problem. It's just a bit wasteful but I can live with that.
But then it's possible that someone linked an address, then lost access to the wallet without a backup, rendering the linked address as "dead" (See all the posts in here from people attempting to recover wallets). There is no real way to know either way...

At least this way, it guarantees that no one (with access) misses out

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July 24, 2017, 07:47:41 AM
 #11434

IOTA on Bitfinex now  Angry
Why so? I mean, coin with worst technology now traded on the Bitfinex.

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stevebc
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July 24, 2017, 07:50:31 AM
 #11435

Directly from the Transition Bot, when I linked a new BTC change address just now:
Quote
For the bytes you hold on August 7 you receive 0.2 new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.

You also receive 0.42222 blackbytes for each 1 byte of your balance on the linked Byteball address, which currently is:
So, you get 0.2 byte per 1 byte... even if that address isn't linked... however, the 0.42222 blackbytes are ONLY for linked ByteBall addresses.

Ok good deal.  Don't want to miss out on my GB, not so fussed about the GBB - doesn't seem like folks are putting much of a value on those judging by some of the price quotes I've seen.

Has anyone made a point of swapping some of their GB for more GBB? (essentially betting that GBB is the real future of this coin)

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July 24, 2017, 08:08:13 AM
 #11436

IOTA on Bitfinex now  Angry
Why so? I mean, coin with worst technology now traded on the Bitfinex.

that is probably the reason i don`t want to touch iota at the atm,when a coin with worst technology + a non pro excahnge,you might know what is going on there...manipulation!
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July 24, 2017, 08:14:00 AM
 #11437

will the snapshot be announced when its done  Roll Eyes

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July 24, 2017, 08:16:47 AM
 #11438

Soon 1 byteball = 1 btc Grin

Why do you think it will be so soon. Developer need to show more works before non airdrop user will start buying/investing on this coin.
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July 24, 2017, 08:17:39 AM
 #11439

IOTA on Bitfinex now  Angry
Why so? I mean, coin with worst technology now traded on the Bitfinex.

that is probably the reason i don`t want to touch iota at the atm,when a coin with worst technology + a non pro excahnge,you might know what is going on there...manipulation!

Actually, IOTA is innovative and revolutionary coin just like byteball and both uses DAG. It won't get listed on Bitfinex if it is crap technology. Who knows bitfinex will also list byteball in the near future.


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davidoski
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July 24, 2017, 08:22:45 AM
 #11440

Unfounded excitement - Bitfinex is a crap exchange.

https://en.wikipedia.org/wiki/Bitfinex_hack
Quote
The second-biggest breach of a Bitcoin exchange platform, Bitfinex, caused 120,000 units of digital currency bitcoin, which was about $72 million at the time, to be stolen.

Chancellor on brink of second bailout for banks
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