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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1224218 times)
kola-schaar
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July 28, 2017, 12:54:55 PM
 #11561

Why did the price fall so much?
Why did the price go up so much? Many altcoins went up 2000% and more, and many altcoins dropped 50-70% from their high. Obviously something that goes up so fast can go down fast too.
And of course there's the possibility of a "pump and dump", or even "dump and pump", all meant to get your coins cheaper. Convince people to panic sell before it rises again. The cryptomarket is highly manipulated.

Last airdrop, selling right before and buying back right after the airdrop would have gotten you 50% more, while holding your bytes "only" got 20% more. That means many people speculated to profit from the 20% airdrop, which failed for them. My guess is people now speculate "the other way": sell before the airdrop hoping to profit more than the 20%.
Since I've never seen this airdrop model before, I am eager to see how it turns out each month.

It does hurt though, having double the amount of bytes compared to last month, but it's worth less. Makes me feel like holding was a bad choice at that moment, but as always you can only know those things afterwards.
On the other hand: the people who are holding for 7 months now have seen their Bytes increase many times.

Everything is simpler. Everyone wants free coins

https://support.bittrex.com/hc/en-us/articles/115000808991
Probably both factors are overlapping:
The last 3 months the Byteball price was so leveled that by the end of the distribution, Byteball will be ranked at place 8 til 10 in the market cap.
The current price of 420 $ or 153 millions market cap corresponds to 153 m / 0.36 = 425 m (0.36 -> 36% were distributed) market cap after finish of the distribution -> place 12

So, I would argue that Byteball is currently undervalued, but the market makes the price Smiley .
But why this price? -> The majority of the basic strategies for profit optimization in current situations requires the maximization of the BTC.
(..disadvantage of the altcoins)

Holder strategy
Hold BTC (BTC are linked to BB-Distribution) -> receive BCC after split -> receive Bytes and Blackbytes -> Hold BTC + BCC + Bytes

Trader / Holder strategy mix (BTC + Byteball fan)
Sell Alt's (i.e. Byteball) -> aggregate BTC -> wait till BTC fork-> dump BCC -> by BTC -> link BTC to Byteball -> Hold  Bytes /Blackbytes + BTC
Trader / Holder strategy mix (altcoins fan)
Sell Alt's (i.e. Byteball) -> aggregate BTC -> wait till BTC fork- -> dump BTC -> Hold BCC and by Bytes before next BB-distribution round (link the Bytes to receive also Blackbytes) -> Hold BCC + Bytes /Blackbytes
Trader strategy  (hardcore trader A)
Sell Alt's (i.e. Byteball) -> aggregate BTC -> wait till BTC fork- -> dump BTC + BCC -> buy Bytes before next BB-distribution round  and receive +20% (link the Bytes to receive also Blackbytes) -> Hold Bytes /Blackbytes for +20%...
Trader strategy  (hardcore trader B)
Sell Alt's (i.e. Byteball) -> aggregate BTC -> wait till BTC price is max -> dump BTC bevor fork -> wait for BTC + BCC / altcoin Crash -> buy Bytes before next BB-distribution round  and receive +20% (link the Bytes to receive also Blackbytes)

Personally, I see the BTC split (in its effect for BTC) like an airdrop.
It will have the same effects as we saw this in the previous rounds at Byteball distribution... Wink
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kola-schaar
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July 28, 2017, 01:05:46 PM
 #11562

100 witnesses would require too much much work for an individual to investigate about each witness and determinate if he can be trusted or not.

the more witnesses - the slower the network, the speed of the txs is the main reason to build the network with (limited amount of) trusted nodes/witnesses


If we have fast CPU or network connection, is that a problem. I heard Dash has many more than 12 nodes (witness?)

Yes, unlimited amount of masternodes  Smiley
But I'm sure Byteball is much faster than Dash, I mean theoretical limits of the underlying technology.
We could ask the dev about the matter to get the answer from the most authoritative source
Tony will not comment, I think -
this would contradict his principles
Tony makes no comparisons, no hypotheses, and does not make any marketing promises.
He can not do this because he is, of course, biased or not objective (Speculation is allowed to everyone but not to the Creator).
He is (or was) more or less a scientist (Scientists are disgusted with marketing and any kind of non-objectivity).
In this context, silence is the highest (and hardest) art.
Byteball is what it is, the rest you have to fill with your own knowledge / imagination.
However, the topic of performance has already been dealt with generally:
https://bitcointalk.org/index.php?topic=1608859.msg17788906#msg17788906 ff.
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July 28, 2017, 03:14:01 PM
 #11563

hope price will recover, it's a nice coin and I am going to hold it for longer term.

All alt crypto on selling side because everyone want to keep bitcoin before 1st Aug.
So they will get their part of Bitcoin Cash. Otherwise normally when btc price around all time high.
Crypto don't go low. But this event is unique let it pass and it will recover.

Does it mean many people think the BCC will not be useless?
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July 28, 2017, 03:20:00 PM
 #11564

hope price will recover, it's a nice coin and I am going to hold it for longer term.

All alt crypto on selling side because everyone want to keep bitcoin before 1st Aug.
So they will get their part of Bitcoin Cash. Otherwise normally when btc price around all time high.
Crypto don't go low. But this event is unique let it pass and it will recover.

Does it mean many people think the BCC will not be useless?

It means people want to have as much BTC as possible so they can be first in line to dump BCC. I just hope it will not go below 1$ in the first 10 minutes, otherwise it was all for nothing but I'm pretty sure it will collapse very fast, just imagine if 100k BCC will be dumped, that will collapse the price to <1$. (I imagine 90%+ of all BCC will be sold, so in the ballpark of 15million but there won't be enough buy orders to dump into)

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July 28, 2017, 03:35:05 PM
 #11565

hope price will recover, it's a nice coin and I am going to hold it for longer term.

All alt crypto on selling side because everyone want to keep bitcoin before 1st Aug.
So they will get their part of Bitcoin Cash. Otherwise normally when btc price around all time high.
Crypto don't go low. But this event is unique let it pass and it will recover.

Does it mean many people think the BCC will not be useless?
no idea why you thinking like that, this mean people want free money, after they get their BCC it will be a huge dump for BCC, dont worry byte price will recover

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July 28, 2017, 03:57:49 PM
 #11566

This is probably a very noobie question but is there a place GB can be bought for fiat directly? From CMC I see Changelly but 1 GB is 630 USD, that's 200 USD more, and while Bittrex seems to match up nicely, BTC costs quite a lot now.
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July 28, 2017, 04:03:10 PM
 #11567

This is probably a very noobie question but is there a place GB can be bought for fiat directly? From CMC I see Changelly but 1 GB is 630 USD, that's 200 USD more, and while Bittrex seems to match up nicely, BTC costs quite a lot now.
I will do the conversion to BTC first and then buy byteballs. Right now may not be the right time to do the conversion though. I am hoping BTC to go down after August 1st.
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July 28, 2017, 04:11:49 PM
 #11568

This is probably a very noobie question but is there a place GB can be bought for fiat directly? From CMC I see Changelly but 1 GB is 630 USD, that's 200 USD more, and while Bittrex seems to match up nicely, BTC costs quite a lot now.

dude, the price is going to be the same in dollars or btc. they're all interrelated. you don't get a discount with a different currency.

there are tons of options to buy btc and most are better than changelly.
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July 28, 2017, 04:48:43 PM
 #11569

This is probably a very noobie question but is there a place GB can be bought for fiat directly? From CMC I see Changelly but 1 GB is 630 USD, that's 200 USD more, and while Bittrex seems to match up nicely, BTC costs quite a lot now.

dude, the price is going to be the same in dollars or btc. they're all interrelated. you don't get a discount with a different currency.

there are tons of options to buy btc and most are better than changelly.
Is now a good time to buy byteballs? Anybody expecting it to go further down? I haven't seen the price going this low, since I heard about byteballs.
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July 28, 2017, 06:28:19 PM
 #11570

How do i check if i got my BByte last round,my GByte came through as expected.I've got BByte in previous rounds,just not for the last round in July

Anyone help me out with this?
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July 28, 2017, 06:28:30 PM
 #11571

This is probably a very noobie question but is there a place GB can be bought for fiat directly? From CMC I see Changelly but 1 GB is 630 USD, that's 200 USD more, and while Bittrex seems to match up nicely, BTC costs quite a lot now.

dude, the price is going to be the same in dollars or btc. they're all interrelated. you don't get a discount with a different currency.

there are tons of options to buy btc and most are better than changelly.
Is now a good time to buy byteballs? Anybody expecting it to go further down? I haven't seen the price going this low, since I heard about byteballs.

I guess it is, usually the price starts to go up in the days before the airdrop, which is any moment now again.

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July 28, 2017, 07:00:58 PM
 #11572

This is probably a very noobie question but is there a place GB can be bought for fiat directly? From CMC I see Changelly but 1 GB is 630 USD, that's 200 USD more, and while Bittrex seems to match up nicely, BTC costs quite a lot now.

Nice to see you copy my question verbatim from slack.
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July 28, 2017, 07:04:14 PM
 #11573

Since this was really my question...

This is probably a very noobie question but is there a place GB can be bought for fiat directly? From CMC I see Changelly but 1 GB is 630 USD, that's 200 USD more, and while Bittrex seems to match up nicely, BTC costs quite a lot now.

dude, the price is going to be the same in dollars or btc. they're all interrelated. you don't get a discount with a different currency.

there are tons of options to buy btc and most are better than changelly.

I don't follow. Could you reiterate?

This is probably a very noobie question but is there a place GB can be bought for fiat directly? From CMC I see Changelly but 1 GB is 630 USD, that's 200 USD more, and while Bittrex seems to match up nicely, BTC costs quite a lot now.

dude, the price is going to be the same in dollars or btc. they're all interrelated. you don't get a discount with a different currency.

there are tons of options to buy btc and most are better than changelly.
Is now a good time to buy byteballs? Anybody expecting it to go further down? I haven't seen the price going this low, since I heard about byteballs.

It fell below $330 some days after the last airdrop so it has gone pretty low.
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July 28, 2017, 07:08:00 PM
 #11574

I don't follow. Could you reiterate?

the price of byteball will be the same in dollars or bitcoins. it doesn't make any difference. the btc/usd exchange rate sets the price of byteball too because byteball is priced in btc.

so if the place you're talking about is charging 200 bucks more all you're doing is giving them 200 bucks. you have hundreds of options to buy bitcoin and then buy byteball. it sounds like these guys are price gouging for the honor of buying it directly in dollars.

the only reason it's like that is because of their blatant profiteering. a real market rate would be no different in bitcoin or dollars.

and i've just checked the price there. it's actually over 30% more than the market rate. screw them and screw that. buy bitcoin at coinbase or wherever and go to bittrex.
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July 28, 2017, 07:12:27 PM
 #11575

lost the sell @0.3 I'll wait more to double my balls Cheesy
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July 28, 2017, 09:03:54 PM
 #11576

hope price will recover, it's a nice coin and I am going to hold it for longer term.

All alt crypto on selling side because everyone want to keep bitcoin before 1st Aug.
So they will get their part of Bitcoin Cash. Otherwise normally when btc price around all time high.
Crypto don't go low. But this event is unique let it pass and it will recover.

Does it mean many people think the BCC will not be useless?

It means people want to have as much BTC as possible so they can be first in line to dump BCC. I just hope it will not go below 1$ in the first 10 minutes, otherwise it was all for nothing but I'm pretty sure it will collapse very fast, just imagine if 100k BCC will be dumped, that will collapse the price to <1$. (I imagine 90%+ of all BCC will be sold, so in the ballpark of 15million but there won't be enough buy orders to dump into)

There won't even be 15mil BTC that are actually available and in circulation.
Consider those in cold storage, those with lost private keys, those belonging to people who have died etc etc.

If 90% of people decided to sell it would be a miracle. The blockchain would be backed up for months with the millions of transactions!
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July 28, 2017, 09:04:45 PM
 #11577

I just heard this horrible news that this is the last byteball round? before I heard it is until december, but now a friend told me on 7. august is the last airdrop.  Huh

Bitrated user: kentokyo.
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July 28, 2017, 09:27:26 PM
 #11578

I just heard this horrible news that this is the last byteball round? before I heard it is until december, but now a friend told me on 7. august is the last airdrop.  Huh

maybe ur friend is tell the truth
as i see on web
7 august is 8th round distribution.
and i not see the next distribution after 7 august.

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July 28, 2017, 09:33:32 PM
 #11579

I just heard this horrible news that this is the last byteball round? before I heard it is until december, but now a friend told me on 7. august is the last airdrop.  Huh

that is false.  if you can add, it's easy to verify that august 7 is not the last airdrop.
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July 28, 2017, 09:39:50 PM
 #11580

I just heard this horrible news that this is the last byteball round? before I heard it is until december, but now a friend told me on 7. august is the last airdrop.  Huh

that is false.  if you can add, it's easy to verify that august 7 is not the last airdrop.

but i see on website nothing distribution planing after 7 august.
how to see the next distribution after 7 august ?

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