Obyte: Totally new consensus algorithm + private untraceable payments

[Moneroman88]

Byteball - best way to lose out on BTC rise
So sad for all the Byteball believers They lost a lot AND are missing out on the rise. Not good!
If you're at a loss with GBYTE sell while you can and fix your losses with the BTC uprise..

[bobq]

This ICO using ByteBall platform seems interesting, unfortunately, it did not get much traction.

https://www.reddit.com/r/ByteBall/comments/6ll73p/the_first_ico_project_based_on_byteball_in_china/
http://ibank.one/

Great, maybe soon more ICOs will use byteball to raise money because the fee is 0 or Nada. It is perfect to use. It is faster than bitcoin and untraceable. I can foresee moon landing soon. XD

The chinese know only imitation, never had original ideas, they are good in making fake stuff.

This is not a clone, it is an asset issued on the Byteball platform like ERC20 Tokens or Wave Tokens.

I think we will see many more assets based on Byteball as soon as the assets will be able to broadcast also their name. Up to now the assets have the name of their hash,

[bcsuisse]

byteball is a fine coin and I am buying everytime it drops a bit more. I want to have 500 byteballs. 539 to go  )

[alucard23]

Selling when it's down more than 70%, in terms of Bitcoin, it's not something I would advise people to do, unless you've invested more than you can afford to lose.

[cryptohunter]

I see reducing btc holders rewards is good.
Reducing peoples byteball rewards from 20% to 10% per round is not good. They bought byteballs on the understanding they would get 20% per round. I don't think changing the rules is the thing to do regardless of the theories of how it will be better for them eventually.

You simply can not change the rules a once person buys on the understanding of an already stipulated set of rules. This is regarless of whether you feel it will be beneficial for them in the long run.

[European Central Bank]

The developer should do whatever's best for the project.

And i don't recall a contract being signed.

[matt4054]

Reducing peoples byteball rewards from 20% to 10% per round is not good. They bought byteballs on the understanding they would get 20% per round. I don't think changing the rules is the thing to do regardless of the theories of how it will be better for them eventually.

You simply can not change the rules a once person buys on the understanding of an already stipulated set of rules. This is regarless of whether you feel it will be beneficial for them in the long run.

I do get your point (I think), but...

On the other hand, going from 20% to 10% for GB holders while decreasing 90% for others only means distribution will be slower in absolute terms, relative to what it could have been previously. But in terms of relative value, previous holders are now benefiting from the fact that their previous airdrops where twice bigger relative to what newcomers will earn (past the change of rules).

Again, overall I think it's a bargain for pretty much everybody.

[dr blowfin]

I see reducing btc holders rewards is good.
Reducing peoples byteball rewards from 20% to 10% per round is not good. They bought byteballs on the understanding they would get 20% per round. I don't think changing the rules is the thing to do regardless of the theories of how it will be better for them eventually.

You simply can not change the rules a once person buys on the understanding of an already stipulated set of rules. This is regarless of whether you feel it will be beneficial for them in the long run.

Agree with this. We need something to reverse the trend.
Giving the maximalist dumpers a 90% haircut was a great move.
But better to incentivise the holders with a retention (or even an increase) in the monthly interest payments IMO.

[davidoski]

Keeping the price up by incentivising holders through airdrop only won't work in the long term because once the airdrop ends everybody will dump the coin into oblivion. You better devise something more clever like real usage - that's where the real value of the currency comes from. Tony is working on exactly that by incentivising usage through cashback but it's not easy because it requires merchants and payment processing companies cooperation.

[pwpwpw]

Keeping the price up by incentivising holders through airdrop only won't work in the long term because once the airdrop ends everybody will dump the coin into oblivion. You better devise something more clever like real usage - that's where the real value of the currency comes from. Tony is working on exactly that by incentivising usage through cashback but it's not easy because it requires merchants and payment processing companies cooperation.

It's not hard to find real usage, for example right now byteball has 18477x less fees than bitcoin and it's faster than ethereum or at least as fast, even ethereum has 166x more expensive transaction fees. You'd be mad not to use this to buy your every day stuff, from groceries to weed (blackbytes). Also, you need GB to rise 66x, that's 21k~$ / GB in order for the transaction fees to go as high as 0.01$ US, one cent. Fastest, cheapest, untraceable and I didn't even touch the P2P, smart contract part.

[CoinCidental]

I see reducing btc holders rewards is good.
Reducing peoples byteball rewards from 20% to 10% per round is not good. They bought byteballs on the understanding they would get 20% per round. I don't think changing the rules is the thing to do regardless of the theories of how it will be better for them eventually.

You simply can not change the rules a once person buys on the understanding of an already stipulated set of rules. This is regarless of whether you feel it will be beneficial for them in the long run.

i think the byteball reward should stay at 20% because of a few reasons

firstly ,i sold the idea  to people as a good investment opportunity and now they feel like theyve been scammed

secondly ,we want people to hodl the bytes and with the tanking price 10% aint shit anymore

thirdly ,before the reduction byteball was the most lucrative and best  airdrop ever ,at 10% monthly  it falls behind the gains from other competing airdrops such as bitcore (BTX) paying 3% weekly compounded

although ,i do think the reward for btc whales was much too generous and tony was right to cut them off ,smaller ones who  didnt make much differnce have been hurt unnecessarily
but the ones who were making tens of millions a month should have been disqualified earlier imo ......
anyone with $289mm worth of btc doesnt need an airdrop and are a risk to the health of the overall  project

[jfieschi]

Sing in/up  and click up to vote for GBYTE be ADD at ShapeShift.

 

Request already exists just vote it up

Don't forget to share the request on twitter after vote !!!

https://shapeshift.zendesk.com/hc/en-us/community/posts/115000497510-ADD-REQUEST-Byteball-Symbol-GBYTE-

[davidoski]

Keeping the price up by incentivising holders through airdrop only won't work in the long term because once the airdrop ends everybody will dump the coin into oblivion. You better devise something more clever like real usage - that's where the real value of the currency comes from. Tony is working on exactly that by incentivising usage through cashback but it's not easy because it requires merchants and payment processing companies cooperation.

It's not hard to find real usage, for example right now byteball has 18477x less fees than bitcoin and it's faster than ethereum or at least as fast, even ethereum has 166x more expensive transaction fees. You'd be mad not to use this to buy your every day stuff, from groceries to weed (blackbytes). Also, you need GB to rise 66x, that's 21k~$ / GB in order for the transaction fees to go as high as 0.01$ US, one cent. Fastest, cheapest, untraceable and I didn't even touch the P2P, smart contract part.

Every altcoin has cheap and fast transactions. That's not enough for byteball to win users over other altcoins. As you can see with Monero and Zcash anonymous transactions are not enough either.

[DonYo]

Byteball right now https://i.imgur.com/r5nhPvQ.gifv

[gtzanap]

I see reducing btc holders rewards is good.
Reducing peoples byteball rewards from 20% to 10% per round is not good. They bought byteballs on the understanding they would get 20% per round. I don't think changing the rules is the thing to do regardless of the theories of how it will be better for them eventually.

You simply can not change the rules a once person buys on the understanding of an already stipulated set of rules. This is regarless of whether you feel it will be beneficial for them in the long run.

i think the byteball reward should stay at 20% because of a few reasons

firstly ,i sold the idea  to people as a good investment opportunity and now they feel like theyve been scammed

Only if they planned to dump after 2 months when the airdrop would end.

For a holder, it makes no difference as it only increases the time until they get their full rewards.

Also, less fluctuation each month because with 10% fewer people will bother speculating with the airdrop.

Of course price dropped. Perhaps it was artificially high due to the 20% airdrop and the bitcoin airdrop. But the bitcoin bull run has affected most altcoins too.

With another 4-5 airdrops now at least, and plenty of opportunity for correction until the end of the year, I am not worried about losing money, even if my profits were not maximized.

Bitcoin is bound to get a significant correction. We will have new drama in and before November with the segwit2x vs core war

[LoyceV]

i think the byteball reward should stay at 20% because of a few reasons

firstly ,i sold the idea  to people as a good investment opportunity and now they feel like theyve been scammed

secondly ,we want people to hodl the bytes and with the tanking price 10% aint shit anymore

The 20% wasn't enough to compensate for the price drop in the past distributions. A higher inflation just causes lower prices, so slowing the airdrop down is probably good.

[RAJSALLIN]

I see reducing btc holders rewards is good.
Reducing peoples byteball rewards from 20% to 10% per round is not good. They bought byteballs on the understanding they would get 20% per round. I don't think changing the rules is the thing to do regardless of the theories of how it will be better for them eventually.

You simply can not change the rules a once person buys on the understanding of an already stipulated set of rules. This is regarless of whether you feel it will be beneficial for them in the long run.

i think the byteball reward should stay at 20% because of a few reasons

firstly ,i sold the idea  to people as a good investment opportunity and now they feel like theyve been scammed

secondly ,we want people to hodl the bytes and with the tanking price 10% aint shit anymore

thirdly ,before the reduction byteball was the most lucrative and best  airdrop ever ,at 10% monthly  it falls behind the gains from other competing airdrops such as bitcore (BTX) paying 3% weekly compounded

although ,i do think the reward for btc whales was much too generous and tony was right to cut them off ,smaller ones who  didnt make much differnce have been hurt unnecessarily
but the ones who were making tens of millions a month should have been disqualified earlier imo ......
anyone with $289mm worth of btc doesnt need an airdrop and are a risk to the health of the overall  project

Communist

[bobq]

but the ones who were making tens of millions a month should have been disqualified earlier imo ......
anyone with $289mm worth of btc doesnt need an airdrop and are a risk to the health of the overall  project

I agree and I wrote the same thing here in the tread in May 23rd, but I was bashed by people suggesting I'm a communist or whatever, just like it has just happened to you. In fact, it was just a suggestion for a more reasonable and balanced distribution.

Well, by listening to my suggestion in May now we would not have had this megadump - so, people can now entirely enjoy the pleasure of the market taking care of better redistributing the coins. And yes, it can only go through megadumps and price collapse.

[jukKas]

Can anyone confirm how Windows backups and restore works? Just copy the %LOCALAPPDATA%\byteball -folder to the new computer at the same location, install Byteball wallet, and I should see my balances?

Btw, new website is very cool!

Isn't anybody tried to recover wallet? I have Light wallet, and need to move my wallet to new computer.

[CryptoRobert]

Can anyone confirm how Windows backups and restore works? Just copy the %LOCALAPPDATA%\byteball -folder to the new computer at the same location, install Byteball wallet, and I should see my balances?

Btw, new website is very cool!

Isn't anybody tried to recover wallet? I have Light wallet, and need to move my wallet to new computer.

If you still have accesso to old wallet it is easier for you to install a new wallet on the new computer and to transfer the asset. Otherways you can use the full backup, if you have made it.