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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1224233 times)
dishku
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August 14, 2017, 02:40:24 PM
 #12661

Just bought some more coins at more low price preparing for next distribution bitcoin is just crushing the all altcoins markets and price is dropping dramatically. I believe in this project it has potential to get recover when bitcoin will get stable at one point.
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jtalk
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August 14, 2017, 02:41:49 PM
 #12662

I have invested good percentage of the funds on buying Byteballs at these price. I know markets are very fragile in present scenario but since I had no intention to liquidate Bitcoins was better usage to buy from those who are shorting altcoins. It may take some time but will be profitable deal at later.


OOOBTC.com




▬▬▬▬▬▬ ●  ● ▬▬▬▬▬▬▬ ●  ● ▬▬▬▬▬▬▬ ●  ● ▬▬▬▬▬▬



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bobo012
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August 14, 2017, 03:16:14 PM
 #12663

The website says: For every 16 BTC you receive 0.1 GB (1 gigabyte = 1 billion bytes) does it mean if you have less than 16 BTC you will get a proportional amount or you have to own at least 16 BTC?

Yes.

The example was to show the ratio.
It was 16:1
Now it is 160:1

So, if you have 320 BTC, you would get 2 GB


So this ratio also changed? For every 1 GB you receive additional 0.1 GB.? Thanks a lot for helping out.

Yes, you get 0.1 GB for every GB that you hold. Or easier 10% on your byteball position, it was 20 % in previous round but is reduced now to 10%
Michail1
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August 14, 2017, 04:02:27 PM
 #12664

The website says: For every 16 BTC you receive 0.1 GB (1 gigabyte = 1 billion bytes) does it mean if you have less than 16 BTC you will get a proportional amount or you have to own at least 16 BTC?

Yes.

The example was to show the ratio.
It was 16:1
Now it is 160:1

So, if you have 320 BTC, you would get 2 GB


So this ratio also changed? For every 1 GB you receive additional 0.1 GB.? Thanks a lot for helping out.

Yes, it dropped from a 20% bonus to a 10% bonus.

I have invested good percentage of the funds on buying Byteballs at these price. I know markets are very fragile in present scenario but since I had no intention to liquidate Bitcoins was better usage to buy from those who are shorting altcoins. It may take some time but will be profitable deal at later.

Buy the Dip.

Unikol
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August 14, 2017, 04:58:32 PM
 #12665

Just bought some more coins at more low price preparing for next distribution bitcoin is just crushing the all altcoins markets and price is dropping dramatically. I believe in this project it has potential to get recover when bitcoin will get stable at one point.

I think the price should drop 50% so that the Bbyte distribution is the same as before.
ChainSmoker
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August 14, 2017, 06:11:28 PM
 #12666

I knew this would happen.I sold all my gbyte @ 0.16 btc/gbyte when OP announced the new distribution rules.  Grin i doubt the price will recover now.Byteball is dead.

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aaron2024
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August 14, 2017, 06:29:12 PM
 #12667

I knew this would happen.I sold all my gbyte @ 0.16 btc/gbyte when OP announced the new distribution rules.  Grin i doubt the price will recover now.Byteball is dead.
Drop 50% regarding what?
Also, what's wrong with the new rules?
ChainSmoker
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August 14, 2017, 06:51:27 PM
 #12668

Also, what's wrong with the new rules?
Airdrops are no more valuable to bitcoin holders so all big whales are dumping it.Forget price recover,hell it won't go 0.15 btc price ever.

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finamathmatics
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August 14, 2017, 06:57:47 PM
 #12669

Also, what's wrong with the new rules?
Airdrops are no more valuable to bitcoin holders so all big whales are dumping it.Forget price recover,hell it won't go 0.15 btc price ever.

We need a very important announcement, a partner with big balls. If this happen, we can go to recover 0.20 Btc.
aaron2024
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August 14, 2017, 07:17:28 PM
 #12670

Also, what's wrong with the new rules?
Airdrops are no more valuable to bitcoin holders so all big whales are dumping it.Forget price recover,hell it won't go 0.15 btc price ever.
Wouldn't it make more sense to hold it, since it's the only source of GBYTE from now on?
s1lverbox
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August 14, 2017, 07:30:31 PM
 #12671

I knew this would happen.I sold all my gbyte @ 0.16 btc/gbyte when OP announced the new distribution rules.  Grin i doubt the price will recover now.Byteball is dead.

Never seen such a fudster like u before.

Show us proof u had any Gb and u sold for 0.16
I bet it was like 3 or so.

Bitcoin was dead over 100 times, but who cares anyway. Go to iota thread and try your luck there.
European Central Bank
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August 14, 2017, 07:32:32 PM
 #12672

Airdrops are no more valuable to bitcoin holders so all big whales are dumping it.Forget price recover,hell it won't go 0.15 btc price ever.

in the long run this change of distribution was necessary and will be seen as a good thing. it was ridiculous to be nothing but freegiftcoin. it needs to start earning its keep. some people will no doubt fold but it's one of the best coins in terms of ui and there's some proper vision behind it.

there's still no shortage of room to carry on going down all the same.
matt4054
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August 14, 2017, 08:14:00 PM
 #12673

IMHO, massively reducing the money supply while still maintaining a decent 10:1 for GB holders can only help the coin in the long run. The price talk shouldn't belong to this thread though, but I'm talking about the distribution in general. Reducing the share of BTC holders is a wise move.
ChainSmoker
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August 14, 2017, 10:05:25 PM
 #12674

I knew this would happen.I sold all my gbyte @ 0.16 btc/gbyte when OP announced the new distribution rules.  Grin i doubt the price will recover now.Byteball is dead.

Never seen such a fudster like u before.

Show us proof u had any Gb and u sold for 0.16
I bet it was like 3 or so.

Bitcoin was dead over 100 times, but who cares anyway. Go to iota thread and try your luck there.
There a thing called 'privacy'.i don't have to prove anything.This is a 'free forum'.Anyone can post their views.This is not FUD but the truth.Bitcoin wasn't dead and never will be but byteball is.
Here is my post from August 7
To be honest this is the worst decision and it sucks.Price of byteball will fall now.I am out and dumping my gbytes now Cheesy
I dumped by Gbytes that day.I guess you missed that price.Sorry for you Grin

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CryptoRobert
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August 14, 2017, 11:08:58 PM
 #12675

In the last ditribution I got byteballs but no blackbytes. Why?

Most probably your byteball address was not linked that's why you didn't received any blackbytes.

Maybe but I didn't get any either and I linked my address.

My address was linked. How could I have received the byteballs at that address if not linked. Never got the promised blackbytes.

My address was linked too. 100% sure, I've got the bytes from the linked BTCs. But no blackbytes. It looks like this time something has gone wriong for many people in the blackbytes distribution. Such a pity. It looks like Blackbytes are not a very reliable asset.
Moneroman88
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August 14, 2017, 11:10:47 PM
 #12676

Byteball - best way to lose out on BTC rise
So sad for all the Byteball believers Sad 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
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August 14, 2017, 11:13:46 PM
 #12677

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
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August 14, 2017, 11:31:12 PM
 #12678

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

Bitrated user: kentokyo.
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August 14, 2017, 11:48:49 PM
 #12679

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.

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August 15, 2017, 01:06:33 AM
 #12680

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.


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