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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1224233 times)
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August 15, 2017, 01:10:25 AM
 #12681

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

And i don't recall a contract being signed.
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August 15, 2017, 01:12:31 AM
 #12682

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.
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August 15, 2017, 01:18:58 AM
 #12683

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.

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August 15, 2017, 01:50:59 AM
 #12684

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.

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August 15, 2017, 02:14:17 AM
 #12685

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.

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August 15, 2017, 03:10:51 AM
 #12686

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

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August 15, 2017, 03:42:30 AM
Last edit: August 15, 2017, 03:52:49 AM by jfieschi
 #12687


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 !!!




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August 15, 2017, 04:03:09 AM
 #12688

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.

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August 15, 2017, 05:47:24 AM
 #12689

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


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August 15, 2017, 05:57:09 AM
 #12690

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

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August 15, 2017, 06:02:37 AM
 #12691

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.

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August 15, 2017, 06:11:51 AM
 #12692

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


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August 15, 2017, 06:40:23 AM
 #12693


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.

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August 15, 2017, 07:17:14 AM
 #12694

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.

Bitcoin
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August 15, 2017, 07:32:33 AM
 #12695

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.
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August 15, 2017, 07:39:39 AM
 #12696

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.

Simply do a full backup, and then a full restore on the new computer.  It's that simple.

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August 15, 2017, 09:17:18 AM
 #12697

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.

Ok, thank you. I have of course full backup in a safe place. I try to install new wallet and recover it with my backup. Let's see if that's really that easy. I had Light wallet and going to install that again.

Is is that the case that, if I want to backup/recover assets with passphrase(except untraceable ones ie. blackbytes), I need to use full wallet at all times?

Bitcoin
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August 15, 2017, 09:35:57 AM
 #12698

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.

it's very important to spread byteballs among people as much as possible. so it's good to prolong distribution for a longer period of time

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August 15, 2017, 01:44:07 PM
 #12699

[reminder]

Announcing BEEB - Blackbytes Escrow Exchange Bot.

Instant buy and sell batches of Blackbytes 24h/24h, 7 days a week.
(you don't need to find a peer anymore: the bot is the peer!)


AxV6ohKFORqIGfGqCZgjK1HlL8vBiNltcWWaI0Rc9yN+@byteball.fr/bb#0000

To pair with Beeb. In your wallet top left menu "PAIRED DEVICE" then "+ Add a new device" then paste the above cryptic address in "Accept invitation" and validate.

Support: https://byteball.slack.com/ #beeb channel




Byteball payment gateway for web merchants https://byteball-for-merchants.com/ - BEEB  (Blackbytes Exchange Bot): https://www.beeb-bot.com/ (closed)
Network map, stats, Top Richests and Byteball world map at https://byteball.fr/ (closed) - Hub operator featuring the cashback witness https://byteball-cashback-witness.com (closed)
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August 15, 2017, 02:16:41 PM
 #12700

..

it's very important to spread byteballs among people as much as possible. so it's good to prolong distribution for a longer period of time
A lot has been achieved - today at 10:59 UTC, Byteball was 5600 hours (~ 233.33 days) old.
Byteball now addresses 47 regions - China and South Africa have just joined. This makes me really happy.
Where we came from (status from 2-7-2017):

status today:

source:https://trends.google.com/trends/explore?date=now%207-d&q=Byteball

In my opinion, the distribution is in the target corridor / develops according to the plan.
The seed is distributed throughout the world by the end of the year...
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