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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1224233 times)
BTCWagering
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August 21, 2017, 01:30:28 PM
 #12861


I have a couple of questions, hope someone could answer me...

How many more airdrop stage are planned? Are distibution dates already known?

If i understand correctly on next airdrop i will receive a 10% bonus of Byteballs that i already own.... is this only valid for byteballs in locals wallet or also for byteball stored on exchanges like bittrex for example?

Thanks

The exact number of distributions is unknown. They will continue monthly on the dates of the full moon until either a) the bytes are all distributed, or b) the distribution mechanism changes.

Keep your bytes in your wallet to receive the distros and talk to the Transition Bot if you want to make sure you're getting blackbytes as well. Some people say Bittrex gives the bytes some say they don't. Better to keep them in your wallet.
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August 21, 2017, 02:30:02 PM
 #12862

I think Byteball is great long / mid term buy in the current price range. IOTA hype will let it fly.

Right now we can just buy Grin
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August 21, 2017, 02:49:54 PM
 #12863

If i understand correctly on next airdrop i will receive a 10% bonus of Byteballs that i already own.... is this only valid for byteballs in locals wallet or also for byteball stored on exchanges like bittrex for example?

Thanks

If YOU own your byteball, then you get the 10%.
If the exchange owns the byteball, then they get the 10%.  Some exchanges may give you that 10% or partial or none.

Just because the byteball you believe you own are in the exchange doesn't mean they belong to you.  Withdraw it to your own wallet that YOU control and that then means you own it and you get the bonus.

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August 21, 2017, 03:24:17 PM
 #12864

[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!)

Trading blackbytes on BEEB is anonymous.


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)
Coiner_
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August 21, 2017, 04:46:17 PM
 #12865

Remember btc pizza?

No we have first pizza order paid with Gbyte. Delivered in UK paid by user from Germany.
Just to clear things up, user @saintflow from slack is from germany and he paid for my pizza which was delivered in UK

I paid @saintflow with gbyte to get things done.
That is pretty cool. The community should organize itself until there are merchants accepting Byteball.

In 5 years I hope this mirrors the first pizza bought with bitcoin  Grin Grin
That is beyond wishful thinking.

You really don't see GB surpassing $1.5K in the next 5 years?

Quote
I think Byteball is great long / mid term buy in the current price range. IOTA hype will let it fly.
Surprisingly, the superior of the two is inferior price wise. The whole IOTA project is quite shady, although Byteball would surely *catch up* if it got added to an exchange such as Bitfinex.

Hasn't Bitfinex stopped acceepting US residents? Maybe the number of ByteBallers in the US is insignificant but I doubt it.

That aside, shouldn't the 10% reduction in GB received for linking BTC addresses in the upcoming airdrop be enough incentive for people to convert their BTC to GB?
dreamhouse
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August 21, 2017, 05:47:24 PM
 #12866

what is the latest version of byteball client? I have v1.10.0, is that the latest?

           ▀██▄ ▄██▀
            ▐█████▌
           ▄███▀███▄
         ▄████▄  ▀███▄
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     ▄███▀  ▄█████▄  ▀███▄
   ▄███▀  ▄███▀ ▀███▄  ▀███▄
  ███▀  ▄████▌   ▐████▄  ▀███
 ███   ██▀  ██▄ ▄██  ▀██   ███
███   ███  ███   ███  ███   ███
███   ███   ███████   ███   ███
 ███   ███▄▄       ▄▄███   ███
  ███▄   ▀▀█████████▀▀   ▄███
   ▀████▄▄           ▄▄████▀
      ▀▀███████████████▀▀
DeepOnion      ▄▄██████████▄▄
    ▄███▀▀      ▀▀█▀   ▄▄
   ███▀              ▄███
  ███              ▄███▀   ▄▄
 ███▌  ▄▄▄▄      ▄███▀   ▄███
▐███  ██████   ▄███▀   ▄███▀
███▌ ███  ███▄███▀   ▄███▀
███▌ ███   ████▀   ▄███▀
███▌  ███   █▀   ▄███▀  ███
▐███   ███     ▄███▀   ███
 ███▌   ███  ▄███▀     ███
  ███    ██████▀      ███
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    ▀███▄▄       ▄▄███▀
      ▀▀███████████▀▀
.....DeepVault.....
....Blockchain File Signatures....
...deeponion.org...
taoist23
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August 21, 2017, 06:03:42 PM
 #12867

what is the latest version of byteball client? I have v1.10.0, is that the latest?
Yes, it is the latest version related to github. Don't know, which OS you use, but it should be 1.10. for all OS.
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August 21, 2017, 06:12:50 PM
 #12868

You really don't see GB surpassing $1.5K in the next 5 years?
That wouldn't mirror the 10k BTC for two pizzas.

Hasn't Bitfinex stopped acceepting US residents? Maybe the number of ByteBallers in the US is insignificant but I doubt it.
It has, but that doesn't really matter.

That aside, shouldn't the 10% reduction in GB received for linking BTC addresses in the upcoming airdrop be enough incentive for people to convert their BTC to GB?
Nothing is an incentive to convert BTC to any altcoin. That's like stabbing yourself in the foot. I'd rather want an direct fiat option to buy GB.


"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
BTCWagering
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August 21, 2017, 07:31:17 PM
 #12869

If YOU own your byteball, then you get the 10%.
If the exchange owns the byteball, then they get the 10%.  Some exchanges may give you that 10% or partial or none.

Just because the byteball you believe you own are in the exchange doesn't mean they belong to you.  Withdraw it to your own wallet that YOU control and that then means you own it and you get the bonus.


The bytes or other tokens held in your exchange wallets do in fact belong to you, legally. You don't hold the private keys, but they still legally belong to you. It's exactly the same as fiat in your bank account.

Whether or not the exchange does the right thing with respect to the distros and gives you the additional tokens is another matter. It's definitely unethical for them to keep the distribution for themselves, but the legal side of it has yet to be nailed down.

You should keep your crypto in your own wallets, or put differently, make sure you have the private keys to your crypto as much as possible. But don't let anyone tell you you don't own the tokens you hold in an exchange. You most certainly do.
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August 21, 2017, 07:34:01 PM
 #12870

Nothing is an incentive to convert BTC to any altcoin. That's like stabbing yourself in the foot. I'd rather want an direct fiat option to buy GB.

This statement has no actual basis in fact. Yes BTC came first. Yes it's the current market leader. Yes it's the closest to being considered an actual currency.

However we're dealing in technology here. It's highly likely that many "alts" will outperform BTC from this point forward. Many smart people intend to profit in this way.
dfox101
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August 21, 2017, 07:40:31 PM
 #12871

Surprised byteball trading thus low, almost the same price after 1st airdrop dump. Did people lose confidence on this coin? I think it has pretty good tech behind it.
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August 21, 2017, 07:49:33 PM
 #12872

I Like Byteball very much. Joined this 6 month ago and still not sold a single byte  Grin
Sell you byte and you wil get byte yourself  Cry

BTCWagering
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August 21, 2017, 07:49:53 PM
 #12873

Surprised byteball trading thus low, almost the same price after 1st airdrop dump. Did people lose confidence on this coin? I think it has pretty good tech behind it.

The whales (mostly BTC whales, who tend to be BTC maximalists) control the price, and a few factors seem to have contributed to the massive drop:

  • Back to back 20% distros
  • Reaching the 2nd half of the distros where more than half the tokens are already in circulation, meaning the "interest" potential of held bytes is disappearing quickly
  • A few technical problems / outages recently
  • The BTC fork creating additional demand for BTC due to the "free" BCH and scaling potential supporting a higher BTC price
  • The post-fork BTC pump creating the (likely) illusion that BTC price is unbounded

Believers in Byteball are using this lull as an opportunity to accumulate more bytes. In my opinion, this project has an extremely bright future, and the price has nothing to do with it.
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August 21, 2017, 08:04:23 PM
 #12874

can anyone offer some help?

a few weeks ago i got a new laptop which is now my main computer. I installed byteball last week and its been syncing since as a full node today its reached the 7/11/17 @8:33pm and has stopped with this in an error box:

 Uncaught exception: Error: Error: SQLITE_CORRUPT: database disk image is malformed ANALYZE

after spending over a week syncing this wallet I really don't want to start over, any input would be appreciated

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August 21, 2017, 08:26:42 PM
 #12875

The bytes or other tokens held in your exchange wallets do in fact belong to you, legally. You don't hold the private keys, but they still legally belong to you. It's exactly the same as fiat in your bank account.

Whether or not the exchange does the right thing with respect to the distros and gives you the additional tokens is another matter. It's definitely unethical for them to keep the distribution for themselves, but the legal side of it has yet to be nailed down.
Bittrex doesn't keep it for themselves. The Bytes stay on your deposit address, until someone withdraws and they need your Bytes.
That's how I got an airdrop last time in Bittrex: my deposit address still held Bytes. Even though I don't own the Bytes in that address (Bittrex does!), the address is linked to my account. So when the airdrop hit that address with 20%, I got the Bytes in my account.

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August 21, 2017, 08:30:04 PM
 #12876

That's interesting but a really really bad idea for Bittrex to be letting that happen.

Lawsuits could be incoming, particularly if Byteball continues to succeed.

Thanks for sharing.

EDIT: Also, until Bittrex provides an audit of their holdings, there's no way to know for sure that they're not retaining some of the distribution.

EDIT #2: It's also opening up a strategy like this: Deposit your bytes to Bittrex before the distro and immediately sell for BTC. Then withdraw the BTC and buy back your bytes, potentially receiving a double distribution on your base amount.
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August 21, 2017, 10:50:09 PM
 #12877

You really don't see GB surpassing $1.5K in the next 5 years?
That wouldn't mirror the 10k BTC for two pizzas.

Oh, I didn't notice the price he bought it in GB.

Quote
Hasn't Bitfinex stopped acceepting US residents? Maybe the number of ByteBallers in the US is insignificant but I doubt it.
It has, but that doesn't really matter.

OK then. It's just that Bittrex is already a pretty big exchange and, based on most new coins I've seen advertised on this forum, where they aspire to end up on.

Quote
That aside, shouldn't the 10% reduction in GB received for linking BTC addresses in the upcoming airdrop be enough incentive for people to convert their BTC to GB?
Nothing is an incentive to convert BTC to any altcoin. That's like stabbing yourself in the foot.


To each their own then.

Quote
I'd rather want an direct fiat option to buy GB.

Well there is an option and I believe it's been there for quite a while, it's just ~47% more expensive than on Bittrex.



BTW, that's the price excluding fees.
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August 22, 2017, 01:11:16 AM
 #12878

The bytes or other tokens held in your exchange wallets do in fact belong to you, legally. You don't hold the private keys, but they still legally belong to you. It's exactly the same as fiat in your bank account.

I don't know where you live. But here in 'merka, as soon as you deposit fiat in your account, it becomes property of the bank.

Of course, you are compensated with a lovely IOU.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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August 22, 2017, 01:51:14 AM
 #12879


I don't know where you live. But here in 'merka, as soon as you deposit fiat in your account, it becomes property of the bank.

Of course, you are compensated with a lovely IOU.

Do you have any proof of this or is it just an implicit anarchist truth?

I'm all for anarchy myself, but reality is something different entirely.
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August 22, 2017, 04:33:43 AM
 #12880

The price stayed suprisingly long at this low level. Really nice to grab some gbytes.
I hope the mobile wallet gets the function to import seeds soon. Really good feature to move between different devices and plattforms. I know the export function exists, seeds would be more convienient though
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