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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1178476 times)
vatusasid
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July 27, 2017, 05:03:11 PM
 #11561

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?)
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Yefet
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July 27, 2017, 05:54:00 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

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jamesclark
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July 28, 2017, 01:51:54 AM
 #11563

what happened to byteball price? seems keep going down, any negative news on the coin?
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July 28, 2017, 03:20:13 AM
 #11564

what happened to byteball price? seems keep going down, any negative news on the coin?

It seems like It's mostly affected by the FUD around BTC and 1st August. Most people want more fiat in hand to buy back into the markets incase there are serious dips around that date. my 2sats.

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July 28, 2017, 04:18:08 AM
 #11565

what happened to byteball price? seems keep going down, any negative news on the coin?

It seems like It's mostly affected by the FUD around BTC and 1st August. Most people want more fiat in hand to buy back into the markets incase there are serious dips around that date. my 2sats.

I don't think what you said is true. Bitcoin is at a pretty high price, which is maybe 10-15% off its high, but byteball is at less than 50% of its high, something not right...
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July 28, 2017, 05:00:39 AM
 #11566

Why did the price fall so much? Has the ball been attacked? Or what other reason? CFB the gay is attacking every day, is he in the dish, the author think of ways, let him not toss about.
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July 28, 2017, 05:06:26 AM
 #11567



Well for some reason this thread says I can't guote so to sum up my problem my previous post

quote

on byteball

where it this litewallet you speak of ..I can only find the 64 bit windows 10 version? on the OP page


link please?



(also weird ..this is the only thread I can't quote from on all my years/threads on bitcointalk....even after doing watch/unwatch reboot)

(me thinks byteball hates me) Sad

As an aside this same machine can get a fresh install of bitcoin core and litecoin core in 9 days...still sucks but better then the 3 weeks I've
been trying to get this to work

v1.9.3

anyway just need the litewallet link 



unquote


I was told that unless I want to lose my byteballs I now have to finish this synch on the full wallet I installed before I can move stuff to a lite wallet on another machine
in that it is now synching at LESS THAN ONE DAY that likely is not gonna happen

So is there someone in power tech wise with byteball I can send my problem to

otherwise I see nothing but 'limbo' in my future

thanks


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July 28, 2017, 05:42:37 AM
Last edit: July 28, 2017, 06:33:04 AM by LoyceV
 #11568

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.

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July 28, 2017, 06:39:03 AM
 #11569

Why did the price fall so much? Has the ball been attacked? Or what other reason? CFB the gay is attacking every day, is he in the dish, the author think of ways, let him not toss about.

Nothing special is happening, Byteball works well.

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Obyte Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
bontol72
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July 28, 2017, 09:27:15 AM
 #11570

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
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July 28, 2017, 10:11:26 AM
 #11571

It's funny how every single thread in this forum is literally spammed with "omg, why did price fall so much?". Are people really not seeing the exchanges ?

what happened to byteball price? seems keep going down, any negative news on the coin?

It seems like It's mostly affected by the FUD around BTC and 1st August. Most people want more fiat in hand to buy back into the markets incase there are serious dips around that date. my 2sats.

I don't think what you said is true. Bitcoin is at a pretty high price, which is maybe 10-15% off its high, but byteball is at less than 50% of its high, something not right...

Let's see this wise man. So BB is 50% off it's high, aha, ever heard about ethereum ? yes ? well, it's also 50% off it's high.
#3 ever saw Ripple ? it's 72% off it's high
#6 dash ? 37% off it's high.
#11 stratis ? 63% off it's high

Are you people really this dumb or just want to decrease the price further with this FUD ?

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July 28, 2017, 10:37:04 AM
 #11572

I just recently back into cryptocoins and missed all 7 rounds of distributions  Cry
now I want to participate in the 8th round, and have questions about the wallet
quoted from the first post,
Quote
Desktop wallets can be full nodes (will take a while syncing with the network after the first start) or light nodes.  Mobile wallets are always light clients.
- which one I should download to get started?
- what are the dis/advantages of being a full node... over a light node... over light client
- if I choose desktop wallet as light node, do I still need to sync up? how big of data?
thanks

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July 28, 2017, 10:39:30 AM
 #11573

I just recently back into cryptocoins and missed all 7 rounds of distributions  Cry
now I want to participate in the 8th round, and have questions about the wallet
quoted from the first post,
Quote
Desktop wallets can be full nodes (will take a while syncing with the network after the first start) or light nodes.  Mobile wallets are always light clients.
- which one I should download to get started?
- what are the dis/advantages of being a full node... over a light node... over light client
- if I choose desktop wallet as light node, do I still need to sync up? how big of data?
thanks

just do light. i've been light all the way through. maybe there are disadvantages but i can't figure out what they are. all i want to be able to do is send and receive. i don't like the sound of all this syncing.
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July 28, 2017, 10:49:22 AM
 #11574

hope price will recover, it's a nice coin and I am going to hold it for longer term.
anujjain
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July 28, 2017, 11:35:42 AM
 #11575

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.
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July 28, 2017, 12:31:55 PM
 #11576

 my "linked Byteball address".....dcdcdxxx......", does not seem to be in my wallet?Huh?

how do control or access this address?

I sent a small amount of test bytes to it and it did not turn up as part of my balance....



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July 28, 2017, 12:54:55 PM
 #11577

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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July 28, 2017, 01:05:46 PM
 #11578

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
 #11579

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
 #11580

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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