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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1175262 times)
anujjain
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July 24, 2017, 08:26:11 AM
 #11441

Unfounded excitement - Bitfinex is a crap exchange.

https://en.wikipedia.org/wiki/Bitfinex_hack
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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.

If that was the case then why still user trading there and trusting them with their coins.

Even Bitstamp got hacked it's happened sometime this kind of events. But how they handled the situation it's matter more.
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July 24, 2017, 08:53:38 AM
 #11442

I would never trust an exchange that had been hacked. If other people do, that's fine. They risk their money, not mine. I don't even trust exchanges that have never been hacked. If I have to exchange btc i do it in small tranches one by one and withdraw immediately.

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July 24, 2017, 09:55:18 AM
 #11443

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

bitfinex is a shit hole with a history of obfuscation, issuing junk tokens and contempt for their customers. i still can't believe it's remained one of the biggest exchanges.
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July 24, 2017, 10:00:49 AM
 #11444

I would never trust an exchange that had been hacked. If other people do, that's fine. They risk their money, not mine. I don't even trust exchanges that have never been hacked. If I have to exchange btc i do it in small tranches one by one and withdraw immediately.

That's better statement that  you won't trust any exchange then just abusing exchange where ton of people trusting with their hard earned coins.
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July 24, 2017, 10:12:44 AM
 #11445

I had my blockchain.info wallet linked with Byteball before. Now according to changed situation I have transferred to HD Cored wallet which is multisigature. If I understood well now I can link new wallet using sign message, am I right ? If I send directly the funds will keep moving to automated generated addresses.
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July 24, 2017, 10:15:14 AM
 #11446

That's better statement that  you won't trust any exchange then just abusing exchange where ton of people trusting with their hard earned coins.

they should not be trusting their coins with any exchange, let alone one with a track record as spotty as bitfinex. it should've been wound up and killed off around the hack time but it keeps on coming back. now they've got the tether time bomb which is probably gonna do the crypto scene even more damage when it craters.
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July 24, 2017, 10:19:42 AM
 #11447

That's better statement that  you won't trust any exchange then just abusing exchange where ton of people trusting with their hard earned coins.

they should not be trusting their coins with any exchange, let alone one with a track record as spotty as bitfinex. it should've been wound up and killed off around the hack time but it keeps on coming back. now they've got the tether time bomb which is probably gonna do the crypto scene even more damage when it craters.


They do trust exchanges because of fair value of their coins and trading option to earn more coins with trading.
Also they got option to hedge their coins when market so much volatile.

Otherwise exchanging their coins in currency exchange or other peer to peer OTC they have to bear 2-10% fee.
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July 24, 2017, 11:13:01 AM
 #11448

I had my blockchain.info wallet linked with Byteball before. Now according to changed situation I have transferred to HD Cored wallet which is multisigature. If I understood well now I can link new wallet using sign message, am I right ? If I send directly the funds will keep moving to automated generated addresses.
Be aware that you cannot (easily) sign messages with a MultiSig address... I'm not sure if Byteball supports the "send a small payment" method to prove address ownership, I dont see the option when I try to link an address. So, you may want to use a standard address wallet rather than MultiSig.

Also, you don't have to use new addresses with HD wallets... it will generate new addresses by default, but the old ones will continue to work.

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July 24, 2017, 11:15:44 AM
 #11449

I had my blockchain.info wallet linked with Byteball before. Now according to changed situation I have transferred to HD Cored wallet which is multisigature. If I understood well now I can link new wallet using sign message, am I right ? If I send directly the funds will keep moving to automated generated addresses.
I'm not sure if Byteball supports the "send a small payment" method to prove address ownership,



Byteball bot support send a small payment method to prove address ownership. Just download wallet and talk to bot it will give you instruction how you can prove ownership with sending a small payment.
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July 24, 2017, 11:42:33 AM
 #11450

So basically, if I have 100 Byteball (GByte) on the time of the snapshot? I will receive 20 Gbyte more on that address? Is that correct?

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July 24, 2017, 11:49:28 AM
 #11451

So basically, if I have 100 Byteball (GByte) on the time of the snapshot? I will receive 20 Gbyte more on that address? Is that correct?
Correct.
And 42 GBB if you link your address.

BeggarInCryptos
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July 24, 2017, 12:34:30 PM
 #11452

I've read that it is much more convenient to install a light wallet vs a full wallet also on the home PC, since full wallets are slow to sync etc,
But then, which are the advantages - if there are some - of having a full wallet?
And second question: if everybody would just have ONLY light wallets, how could the system work?

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July 24, 2017, 01:51:49 PM
 #11453

Soon to August 7th, but also a new round of distribution, will be money, letters, coins look like the wallet, service providers and hit the disk, how much will hit the price, which is not good to say ah? What do you think? After all, 60% of the money hasn't been distributed yet
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July 24, 2017, 02:42:39 PM
 #11454

When coins for first 100.000 wallet users will be distributed or maybe this idea is abandoned?

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July 24, 2017, 03:56:48 PM
 #11455

The price has been pretty stable for a week or so, and as we approach the next airdrop are we in for another rollercoaster ride?

I would like to see a weekly airdrop worth 1/4th of the current monthly distribution, so we don't see all this price fluctuation and we can get more advertising for this amazing tech.

¯\_(ツ)_/¯

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July 24, 2017, 04:42:35 PM
 #11456

The price has been pretty stable for a week or so, and as we approach the next airdrop are we in for another rollercoaster ride?

I would like to see a weekly airdrop worth 1/4th of the current monthly distribution, so we don't see all this price fluctuation and we can get more advertising for this amazing tech.

this one's gonna be an interesting one. if bitcoins are being moved or frozen because of this bitcoin cash stuff then that could affect buying and linking. perhaps this round will be very different in how it behaves.
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July 24, 2017, 05:06:30 PM
 #11457

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

bitfinex is a shit hole with a history of obfuscation, issuing junk tokens and contempt for their customers. i still can't believe it's remained one of the biggest exchanges.

agreed


cant agree with any more

Why are people here so anti-IOTA? Both it and GBYTE are DAGs, and IOTA was actually first. This chain distributed everything freely, the other one had an ICO two years ago. Who cares? I see one chain announcing constant partnerships, new memebers, new development, and more trading volume.

You guys claim IOTA is shit scam coin, yet I see nothing on GBYTE other than speculation and how to avoid a huge crash when the freebies stop rolling in. Where is the new tech, where are the partnerships and real use cases?

I own GBYTE and IOTA, both are great improvements over the old, tired blockchain. IOTA certainly does not have the worst technology, if anything its proven to be vastly more acceptable than GBYTE. Real world results don't lie about that, neither do the numbers. Both techs can exist without calling each other scams...

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July 24, 2017, 05:13:56 PM
 #11458


Why are people here so anti-IOTA? Both it and GBYTE are DAGs, and IOTA was actually first. This chain distributed everything freely, the other one had an ICO two years ago. Who cares? I see one chain announcing constant partnerships, new memebers, new development, and more trading volume.

i for one said nothing about iota. i don't know anything about it. i did say a whole lot about bitfinex.
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July 24, 2017, 05:42:47 PM
 #11459

I already have an address. If I use the client to generate another address, will that two address share the same wallet, like bitcoin?
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July 24, 2017, 05:51:42 PM
 #11460

I already have an address. If I use the client to generate another address, will that two address share the same wallet, like bitcoin?

Yes

¯\_(ツ)_/¯

BitCore has a free airdrop every Monday. Get your free BTX!
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