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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1172433 times)
kashish948
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August 04, 2017, 06:20:10 PM
 #11881

you get bonus on GBYTE no matter what.

you only get blackbyte bonus on GBYTE if it is linked to a bitcoin address (which could be empty--you can do this in 2 seconds with a blockchain.info address, or on Electrum).

so 20% extra GBB + 40% extra blackbytes right?

isnt it much profitable to buy GBB with your BTC rather than link BTC or am i missing something? (assuming price of GBB/BTC remains same)

No. Don't mix up the terms.   GB vs GBB

20% on GB    (Giga Bytes)
42% (approx) on GBB  (Giga Black Bytes)

I think the confusion is people keep mixing up GB with GBB.

You get GB and GBB for linking your Byteball address with BTC.
GB gets 1:16 ratio for BTC  (Example.... 16BTC linked gives you 1 GB)
GBB gets you about a 1:8 ratio from the BTC

Bonus....
GB to GB is 20%.    So, if you own 1GB, after the airdrop, you have 1.2GB  (not including any new GB from an airdrop if BTC still linked)

Better example.....

Let's say you have 16BTC.   On July airdrop, 16BTC would have earned you exactly 1GB.    If you didn't change anything (still own the 16BTC in the same linked address), then on Aug airdrop, you would have...

1GB (prior balance) + 20% bonus + 1GB (new airdrop) = 2.2GB

Going forward: Following month airdrop (if nothing changed), you would have.....
2.2GB (the now prior balance) + 20% bonus + 1GB (new airdrop) = 3.64GB

thanks that explains it perfectly  Cheesy
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There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
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August 04, 2017, 06:25:27 PM
 #11882


UPDATE :

982176 BTC llinked  which will bring approx. : 61,386 gb

and we have 365,903gb in circulation which will bring : 73,180 gb more after airdrop

So

 365,903+73,180+61386= 500,469 Gb in total in circulation after give away.

That's 50% of all gbytes.





Yes i think in this rate we will have 3 more airdrops
.

Distribution :   0.0625 Gb for each 1 BTC of linked balance and 0.2 new byte for each 1 byte you already hold.
                        131.94375 MBB for each 1 BTC of linked balance and 0.42222 new Bbyte for each 1 byte you already hold (on linked addresses only).

Scheduled:   August 7, 2017 at 18:10 UTC

Time left:          2 Days 23h

Previous Updates:
                                                                                                            
1/08/17 9:12am
1/08/17 8.48pm
2/08/17 7:56am
2/08/17 7:03pm
3/08/17 10:29am
3/08/17 8:20pm
4/08/17 11:15am

*Informations in this post is not official from DEV or Byteball team. Its pure speculation
Noruka
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August 04, 2017, 06:31:21 PM
 #11883


UPDATE :

982176 BTC llinked  which will bring approx. : 61,386 gb

and we have 365,903gb in circulation which will bring : 73,180 gb more after airdrop

So

 365,903+73,180+61386= 500,469 Gb in total in circulation after give away.

That's 50% of all gbytes.





Yes i think in this rate we will have 3 more airdrops
.

Distribution :   0.0625 Gb for each 1 BTC of linked balance and 0.2 new byte for each 1 byte you already hold.
                        131.94375 MBB for each 1 BTC of linked balance and 0.42222 new Bbyte for each 1 byte you already hold (on linked addresses only).

Scheduled:   August 7, 2017 at 18:10 UTC

Time left:          2 Days 23h

Previous Updates:
                                                                                                            
1/08/17 9:12am
1/08/17 8.48pm
2/08/17 7:56am
2/08/17 7:03pm
3/08/17 10:29am
3/08/17 8:20pm
4/08/17 11:15am

*Informations in this post is not official from DEV or Byteball team. Its pure speculation
These are definitely some nice graphics. Very informative!

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THE JOB DONE

 

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in
 

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s1lverbox
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August 04, 2017, 06:35:14 PM
 #11884



These are definitely some nice graphics. Very informative!

Thanks, hope it helps people.
At least no one need to run own math, but this is just speculation about whats future hold. So dont rely on this.
kola-schaar
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August 04, 2017, 08:11:20 PM
 #11885

TeraBite
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August 04, 2017, 08:19:19 PM
 #11886

In what wallet should the byteball sit before I get the airdrop??

It depends on what kind of operating system you are using all kind of wallet available to download from official website. You must explain what is exactly you asking about the wallet.

https://byteball.org/
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August 04, 2017, 10:08:33 PM
 #11887

On the oficial  site you can get a free gb of the amount  you have, how do i do it? The wallet's bote only gives to link Bitcoin adress, so how do i get the 1 gb to every 5 gb?

Anybody can answer please?
BeggarInCryptos
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August 04, 2017, 10:10:38 PM
 #11888

It is already weeks that I can't have my Byteball wallets on TWO separate Android devices (one smartphone and one tablet) properly working. Now they both have just a 1of3 multiwallet, but earlier they had other multiwallets and given the problem I have disinstalled and reinstalled the app. Same result: they endlessly try to synchronize and they do not work. Now I cannot even upgrade to the new release of the wallet, so I'll probably have top delete and reinstall everything once more. Any chance that this bus has been resolved in this latest version?

Go to slack and force the issue, keep asking about this, it's a real problem and they will help you solve it just keep insisting (politely). I'm impressed about the new update tonych, hats off to you, hope you can help this fellow here. Mobile wallet usage is the most important thing for BB imo, it looks nice, easy to use and fast, that's what the masses need.

No way. It seems nobody cares on Slack. Weeks reinstalling again and again the multisig wallet on android and still multisig wallets do not work. They endlessly try to sync, for days and days, unable to sync the blackbytes. Bytes sync, but blackbytes don't, or they sync partially. On 1 android device only two third of the BB which I have appear, on the other one no BB at all.
And here people on Bitcointalk people talk only about prices. Byteball as just a speculative toy, we should rather focus on pushing for having things which work 100%. Don't get me wrong, I think Byteball is one of the coolest things out there in cryptos from a technical point of view. But such a little big can jeopardize adoption.

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August 04, 2017, 10:10:45 PM
 #11889

hello byteball community. i got a question about moving byteballs to wallet for the 10% extra airdrop. the bot says :

You also receive 0.42222 blackbytes for each 1 byte of your balance on the linked Byteball addresses, which currently are:
address1: 0.162175 GB
address2: 0 GB.

Move your bytes to one of the linked addresses in order to maximize the amount of blackbytes you receive.

the amount in address 1 is exactly my wallet balance now but when i go to receive menu the given address there is different. i am worried that if i sent byteball to the address1 as the bot says i will lose the coins since it is not what my receiving address says. what should i do here?
thanks in advance

Welcome to the future of the  ███████████████████████████████
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grex
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August 04, 2017, 10:32:04 PM
 #11890

...
Distribution :   0.0625 Gb for each 1 BTC of linked balance and 0.2 new byte for each 1 byte you already hold.
                        131.94375 MBB for each 1 BTC of linked balance and 0.42222 new Bbyte for each 1 byte you already hold (on linked addresses only).
...

Does 'on linked addresses only' mean on Byteball addresses which are linked to BTC addresses or do we have to also link Byteball to Blackbyte somehow in order to receive Bbytes?
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August 04, 2017, 10:37:44 PM
 #11891

On the oficial  site you can get a free gb of the amount  you have, how do i do it? The wallet's bote only gives to link Bitcoin adress, so how do i get the 1 gb to every 5 gb?

Anybody can answer please?

If you have 5GB, then you will automatically get 1GB added to your wallet balance when the airdrop happens.  You don't have to do anything.
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August 04, 2017, 10:45:35 PM
 #11892

On the oficial  site you can get a free gb of the amount  you have, how do i do it? The wallet's bote only gives to link Bitcoin adress, so how do i get the 1 gb to every 5 gb?

Anybody can answer please?

go to bitviser.info and check procedure

once you link own wallet (byteball address) you will have option to link btc wallet. Or if you have in that byteall address any GB you will get 20% on top if it.
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August 04, 2017, 11:13:40 PM
 #11893

The other DAG-coin, IOTA, can not even be cloned by scammers, due to its entire value being in the centralized closed-source "Coordinator"-software. Fun.  Cheesy

what different about iota and adk, I find iota,s seed can use in adk 's wallet?The ending was so sour, did ADK copy the IOTA code? So here comes the question. Isn't the ADK worth buying? ADK‘s price is too low

I hope ADK copied Coordinator's code too, otherwise any price above zero is too high...
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August 05, 2017, 01:39:02 AM
 #11894

In what wallet should the byteball sit before I get the airdrop??

It depends on what kind of operating system you are using all kind of wallet available to download from official website. You must explain what is exactly you asking about the wallet.

https://byteball.org/

Actually, this doesn't matter if you're speaking of just Bytes (GB or GBYTES, is the typical unit). You just need the wallet seed, you don't even need to have a wallet installed anywhere, since your Bytes are stored in the DAG (the Byteball data structure that is similar to a block chain in most conventional crytpos). As long as you already own some Bytes before the airdrop (and they're controlled by the wallet seed in question) you'll get your airdrop Bytes in the DAG , and you can access them after the distribution by restoring any Byteball wallet using that wallet seed.

Linked bitcoin balances and receiving Blackbytes during an airdrop is another matter, though, so it's best to have the wallet you originally used to link with the Transition Bot running to get those. Say "Hi" to the Transition Bot to review your airdrop details.
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August 05, 2017, 01:54:03 AM
 #11895

hello byteball community. i got a question about moving byteballs to wallet for the 10% extra airdrop. the bot says :

You also receive 0.42222 blackbytes for each 1 byte of your balance on the linked Byteball addresses, which currently are:
address1: 0.162175 GB
address2: 0 GB.

Move your bytes to one of the linked addresses in order to maximize the amount of blackbytes you receive.

the amount in address 1 is exactly my wallet balance now but when i go to receive menu the given address there is different. i am worried that if i sent byteball to the address1 as the bot says i will lose the coins since it is not what my receiving address says. what should i do here?
thanks in advance

From what you've said, it sounds like you are fine for the airdrop (and by the way, it's an extra 20%, not 10%, as well as airdrop blackbytes). As with most cryptocurrency wallets, your Byteball wallet can create a large number of addresses, all of which belong to you. Your wallet adds up the balances in all of these addresses to report your total balance. But the important thing for the airdrop is the "linked" addresses that the Transition Bot listed for you. The address your wallet gives you in the receive menu is just a new address for improved privacy, but if it holds any bytes for you, you should either link that new address using the Transition Bot, or send any bytes from there to an existing linked address before the airdrop to get your blackbytes.

You've said the balance in "address1" is your correct total balance, so unless you receive more funds before the airdrop, you are all set. You do not need to move your balance to "address1", it's already there.
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August 05, 2017, 03:51:49 AM
 #11896

It is already weeks that I can't have my Byteball wallets on TWO separate Android devices (one smartphone and one tablet) properly working. Now they both have just a 1of3 multiwallet, but earlier they had other multiwallets and given the problem I have disinstalled and reinstalled the app. Same result: they endlessly try to synchronize and they do not work. Now I cannot even upgrade to the new release of the wallet, so I'll probably have top delete and reinstall everything once more. Any chance that this bus has been resolved in this latest version?

Go to slack and force the issue, keep asking about this, it's a real problem and they will help you solve it just keep insisting (politely). I'm impressed about the new update tonych, hats off to you, hope you can help this fellow here. Mobile wallet usage is the most important thing for BB imo, it looks nice, easy to use and fast, that's what the masses need.

No way. It seems nobody cares on Slack. Weeks reinstalling again and again the multisig wallet on android and still multisig wallets do not work. They endlessly try to sync, for days and days, unable to sync the blackbytes. Bytes sync, but blackbytes don't, or they sync partially. On 1 android device only two third of the BB which I have appear, on the other one no BB at all.
And here people on Bitcointalk people talk only about prices. Byteball as just a speculative toy, we should rather focus on pushing for having things which work 100%. Don't get me wrong, I think Byteball is one of the coolest things out there in cryptos from a technical point of view. But such a little big can jeopardize adoption.

I can't help with your problem but I always got helped in slack, they do care, try to contact tonych directly, PM him. If you have any other devices, try to replicate the problem, that way it's easier to find the exact cause and come up with a solution.

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August 05, 2017, 04:45:18 AM
 #11897

This is one of the best airdrop concepts out there... I enjoy getting the free byte and blackbytes each airdrop.  Hopefully there are a few more left.

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DeepOnion
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August 05, 2017, 05:56:37 AM
 #11898

This is one of the best airdrop concepts out there... I enjoy getting the free byte and blackbytes each airdrop.  Hopefully there are a few more left.
Well no sh!t Sherlock. Who doesn't like free money? Things couldn't be better at the moment. Got BTC for these Byteball airdrops, got BTC from the Lumen airdrop, got BTC from the Bitcoin Cash fork and to top it all off BTC has hit a new ATH!
These are great times my fellow crypto buddies.

Carolina
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August 05, 2017, 06:01:46 AM
 #11899

This is one of the best airdrop concepts out there... I enjoy getting the free byte and blackbytes each airdrop.  Hopefully there are a few more left.
Well no sh!t Sherlock. Who doesn't like free money? Things couldn't be better at the moment. Got BTC for these Byteball airdrops, got BTC from the Lumen airdrop, got BTC from the Bitcoin Cash fork and to top it all off BTC has hit a new ATH!
These are great times my fellow crypto buddies.

No kidding free airdrop=free opportunity you cant really complain. Btw isnt it funny how quickly that can change in cryptoland. Just three weeks ago it was hell on earth, now it looks like sunny skies for the time being. Interesting industry truly

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DeepOnion
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August 05, 2017, 06:21:39 AM
 #11900

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