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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1224210 times)
Intellium
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August 07, 2017, 06:00:34 PM
 #12141

Can someone explain, how to sell my bonus after the distribution?
Is it suppose to be done via a Chat bot or P2P?
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Reply with quote  #2

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Dotto
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August 07, 2017, 06:01:38 PM
 #12142

-8min for fukushima
neurotypical
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August 07, 2017, 06:11:08 PM
 #12143

Im going to try for the first time ever getting some Byteball in the airdrop and I have a question: What happens if you do the transition bot thing and send the address before the actual airdrop starts? Is there a queue and I can send it already before it begins, or if I try to do it now before it starts it will get rejected and prompt you an error like "wait for the airdrop period to start".

I just watn to be sure that I dont lose my BTC. I will try to send it as soon as the countdown on the website goes to 0 but just in case I send it 1 second earlier, I want to know what would happen.

you need to do it ASAP


You aren't answering his question. ASAP means as soon as possible AFTER the countdown on the website goes to 0? or ASAP at any time?

WHAT happens if you send it before it goes to 0?

It's my first time here too, and I got these doubts, and also this:

If we send our entire wallet into a single byteball address, is this bad for privacy and we should use 1 different byteball address for each bitcoin address we have? (similar to bitcoin, where you should never reuse 1 address, but get a different address for every transaction you make)
You need to link your byteball wallet to your BTC address/es BEFORE the countdown finishes. At that point a snapshot will be taken of the bitcoin blockchain and the amount of BTC you have that you linked to will be credited at a rate of 0.0625 GB per 1 BTC.
After this point you would have missed the snapshot and hence the airdrop on this round.
You may only link 1 byteball address to qualify. You don't need to send BTC at all you can just sign each address.

You aren't replying my privacy concern.

Do I need to generate a new byteball address for each signed BTC address right? otherwise, I would link my entire wallet to a single byteball address... not a good idea.

I tested right now with an address where I have 0.1 BTC. I signed the address with my Bitcoin Core full node, and put the signature on the Transition Bot chat thing.

I then wanted to add more BTC addresses, so I generated a new byteball address, then clicked on the "Chat with the Transition Bot" thing on the website to start again the signing process, and I get a message like this:


Quote



Hello again! Your current linked Bitcoin address is XXXXXXXXXXXXXXXXXXXXXXXXXXXXX .

Please make sure that XXXXXXXXXXXXXXXXXXXXXXXXXXXXX is indeed your address and move all your coins to this address. You receive x.xxxx GB and xxx,xxx,xxx blackbytes for each 1 BTC of the total balance of this Bitcoin address on August 7.

Current balance of this address is 0.1 BTC.

For the bytes you hold on August 7 you receive x.x new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.

You also receive x.xxxxx blackbytes for each 1 byte of your balance on the linked Byteball address, which currently is:
YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY: 0 GB.

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

You are expected to receive x.xxxxxx GB and x.xxxxxxxxx giga-blackbytes (GBB). x:xx PM

How do I sign more addresses then? I just keep getting this message. Also, I clicked on "RECIEVE"->"GENERATE NEW ADDRESS" and now I have a different address, so im not sure if I control the previous address anymore?

Should I have created a new "Wallet" instead of clicking ""GENERATE NEW ADDRESS"? Did I lose the address that I was supposed to receive the byteballs from?

And what does that message that im getting (the Hello again! one) even mean?

Does this program really expect me to send my entire BTC history into a single address because the program doesn't let you enter multiple different addresses? that sounds like a joke to me.
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August 07, 2017, 06:11:34 PM
 #12144

happy full moon!
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August 07, 2017, 06:11:52 PM
 #12145

Bombs away!

Bitcoin...the future of all monetary transactions...and always will be
SmartIphone
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August 07, 2017, 06:12:28 PM
 #12146

The snapshot probably has been taken for the GB holders right?
For bitcoin let's wait for the next bitcoin block. Edit: #479537

P.S For every 5 GB you receive additional 1 GB. <-- When will this happen?
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August 07, 2017, 06:12:34 PM
 #12147

I support the new distribution model as it gives incentives for real use-case. This long term vision is what is needed for sustainable adoption and value growth.
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August 07, 2017, 06:14:33 PM
 #12148

is snapshot taken yet? next month need to buy more gbytes, now less attractive to gain byteballs with BTCs

Snapshot should have been taken now as we passed that time. I think buying now at cheap price is great opportunity because it will be much more profitable starting from next month. Price are anyway lower so bullish market will be seen in next few days. It is good for project in long run and medium term.
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August 07, 2017, 06:16:23 PM
 #12149

waiting for some confirmation before i move my BTC...

           
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FreshB
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August 07, 2017, 06:19:16 PM
 #12150

And the full moon is upon us! Byteballs all around!  Cool

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DeepOnion
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August 07, 2017, 06:19:46 PM
 #12151

waiting for some confirmation before i move my BTC...

It is safe to move your bitcoins now. Snapshot was taken at 1st Block after Full moon
Cryptian
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August 07, 2017, 06:19:56 PM
 #12152

How long does it usually take to show accurate wallet balance after a transaction has been sent to it. Its been 30 minutes or so and my wallet still shows the old balance.
But when I check the adress in the explorer it depicts the right amount. Should I be worried?

...now it shows the right amount Grin But it didnt during the snapshot (in the wallet but on the explorer everything was fine). That should be okay then right?

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August 07, 2017, 06:23:14 PM
 #12153

Any speculation on the price floor?
wildbud
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August 07, 2017, 06:23:55 PM
 #12154

I find cool this new  model. It is for real life cases) the value may defenetly grow
blocks.explorer
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August 07, 2017, 06:24:42 PM
 #12155

The snapshot is already finished? Is that why there's dumping again?
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August 07, 2017, 06:25:55 PM
 #12156

When I am correct, the snapshot was at 6 pm UTC, right? So, around 30 minutes ago.
How long does it usually take until the actual distribution is conducted?

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August 07, 2017, 06:26:11 PM
 #12157

The snapshot is already finished? Is that why there's dumping again?

Snapshot should have been taken, but no confirmation yet.

Since people believe it has been taken, we now have the massive tank happening.


wry
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August 07, 2017, 06:27:05 PM
 #12158

Any speculation on the price floor?

Last month's peak to trough sell off was remarkably brutal, a high of .38 to .141.  Since we had a much lower high this month, .24 or so, maybe the trough wont be as bad, though we are already at just over .12.

I think the new distribution model will help, especially if it leads to some good adoptions.

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August 07, 2017, 06:27:22 PM
 #12159

Which was the exact block number of this snapshot?

Carolina
3NVf1jJcFD3x2vJsm94jM4QTQnv7XnRTXG
Michail1
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August 07, 2017, 06:28:16 PM
 #12160

When I am correct, the snapshot was at 6 pm UTC, right? So, around 30 minutes ago.
How long does it usually take until the actual distribution is conducted?

Full moon was at 18:10
Next block was  #479537 which was at 18:11:03   (This should be the snapshot).

Waiting on confirmation.

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