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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1224233 times)
Michail1
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September 07, 2017, 05:49:02 PM
 #13541

Is there anyone updated the wallet? I am not sure if I should backup the whole wallet first before update Huh

I did update my wallet with no issues
You should always take a backup before applying an update on the wallet

Always backup.
Prior to an update, after an update, and
before and after blackbyte payments.

Like I said before, no one has complained about having too many backups.  People always complain when they didn't have a backup they needed.

Got my 10% 18 hours ago. Thanks for the airdrop!
were blackbytes distributed already?

I am yet to receive GBB as well. These usually take a little while longer to distribute.

Like Tony said less than a day ago....
Distribution of bytes is finished.
Total distributed: 57,444.473272169 GB.  It's about $19m at the current rate.
New available supply: 583,896.4940036 GB.  Coinmarketcap is already updated.

I'll update when blackbytes are distributed, it is going to take about 3 days.

3 - 1 = approximately 2 days.   (Maths)


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September 07, 2017, 05:53:19 PM
 #13542

Got my shares of GBYTE and GBBYTE! Looking forward to November. I don't think we will see this price again  Wink

Thanks tonych and everybody who's contributing here

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sinner
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September 07, 2017, 07:07:13 PM
 #13543

Why doesn't ETH holders dump it and buy Byteball?
Byteball is moving away from dropping based on Coin (bitcoin or altcoin) holdings.  It's moved to benefit people that actually have Byteball.

Most don't know about it.  Here's 2 ideas: 1) send an ERC20 token to everybody who holds 1+ ETH, allow them to exchange it for bytes using the transition bot (give people a taste, like a 1-3% airdrop, like the OmiseGo airdrop, but less than Byteball was dropping first half of 2017), or 2) just have them sign a message with ETH address proving balance, but this kinda encourages people to not talk about it, but its better than nothing cuz it would at least get people do try out the Byteball wallet.

To all Holders: tell people about Byteball: give them 100,000 bytes and 210000 blackbytes if they install the wallet (make a backup after sending blackbytes)), chat with them, and spread the word. Byteball's potential is huge, all it needs now to grow is more users.

Then airdrop on Steem holders.. Steem is almost in the top 1000 websites now.. its blockchain is used more than Bitcoin&Ethereum combined.. or somehow give crypto twitter people a financial incentive to pump it.. like, they give out a referral link, and if you link your ETH or STEEM they get a tiny percentage.  Byteball hasn't really hit twitter yet.. you wanna see a pump? get people like notsofast, cryptoCobain, loomdart, alistairmilne, WhalePanda, Max Keiser to tweet about it.  Market cap would double in a few days.  Although I do expect most of those guys to pump it anyway once the distribution is over.  Right now people have some incentive to not talk about Byteball so they can get more distributions of bytes.

Byteball is moving away from dropping based on Coin (bitcoin or altcoin) holdings.  It's moved to benefit people that actually have Byteball.
And that is really a great step! I am holding Byteball since many months, good that this will be more rewarded than holding another coin.
It would be great if they change the distribution model to benefit the Long-Term Holder, maybe 10% for Coins holding longer than a month, that will decrease the dump every time.

There is some benefit to that, but maybe more benefit if a lot more people know about Byteball and use it.  Maybe do airdrops on people who are sportsbetting or gambling (same idea as the 10% airdrop on purchases, but do it for bets).
SatoNatomato
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September 07, 2017, 08:04:21 PM
 #13544

Anyone who still thinks IOTA is serious project should read this first.

https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367

Byteball relies on Bitcoin cryptography. Only libsecp2561k the good old tried and tested. Enjoy!
star citizen
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September 07, 2017, 08:27:24 PM
 #13545

Did Bittrex renamed Byteball?

The name is now only Bytes. I could swaer it was Byteball luntil recently. The name Byteball isn't even mentioned anywhere.

Did something happend?

Interesting... That's probably because of something we have been discussing months ago.
I think it's important for people to know that byte is the real name of the currency being traded right now, whereas Byteball is the name of the entire platform. As explained by @kaicrypzen in the speculation thread:
How many Bytes equal to one Byteball I'm so confused as to how to count this coin. And blackbytes? how do they work and are they the same currency as byteball? Thanks, guys!

There is no such thing as one Byteball ...
Byteball refers to the whole technologie/DAG/app/software. Byteball comes with two built-in assets/currencies, bytes and blackbytes. What you can find traded on exchanges is GBYTE which is GigaByte which is 1 000 000 000 byte.
Blackbyte is a private untraceable asset.

Thanks btw.

They renamed on my request because people keep calling the currency byteball.
To reiterate: Byteball is the platform, Byte (and derived names Gigabyte, Megabyte, etc) is the main currency.
That's a good move. I hope more exchanges do the same.

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BurtW
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September 07, 2017, 08:39:03 PM
 #13546

Anyone who still thinks IOTA is serious project should read this first.

https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367

Byteball relies on Bitcoin cryptography. Only libsecp2561k the good old tried and tested. Enjoy!
The vulnerability found in IOTA was in their home grown HASH function.  Bitcoin uses standard HASH functions such as AES.  Secp256k1 is the elliptic curve used by Bitcoin not the hash function so your reference to it is incorrect in this context.  IOTA was stupid/naive enough to think they could invent their own hash function, a totally noob security mistake.  How many other major security mistakes have they made?

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
SatoNatomato
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September 07, 2017, 09:12:34 PM
 #13547

Anyone who still thinks IOTA is serious project should read this first.

https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367

Byteball relies on Bitcoin cryptography. Only libsecp2561k the good old tried and tested. Enjoy!
The vulnerability found in IOTA was in their home grown HASH function.  Bitcoin uses standard HASH functions such as AES.  Secp256k1 is the elliptic curve used by Bitcoin not the hash function so your reference to it is incorrect in this context.  IOTA was stupid/naive enough to think they could invent their own hash function, a totally noob security mistake.  How many other major security mistakes have they made?
No they actually used the hash function in a digital signature scheme which they also fucked up!

All of Iota is a mistake, from concept/idea to implementation and disgusting leadership.
greentea
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September 07, 2017, 09:23:10 PM
 #13548

Anyone who still thinks IOTA is serious project should read this first.

https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367

Byteball relies on Bitcoin cryptography. Only libsecp2561k the good old tried and tested. Enjoy!
The vulnerability found in IOTA was in their home grown HASH function.  Bitcoin uses standard HASH functions such as AES.  Secp256k1 is the elliptic curve used by Bitcoin not the hash function so your reference to it is incorrect in this context.  IOTA was stupid/naive enough to think they could invent their own hash function, a totally noob security mistake.  How many other major security mistakes have they made?

This was addressed 1 month ago:
https://blog.iota.org/upgrades-updates-d12145e381eb

Another statement released today:
https://blog.iota.org/curl-disclosure-beyond-the-headline-1814048d08ef


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SatoNatomato
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September 07, 2017, 09:44:02 PM
 #13549

Anyone who still thinks IOTA is serious project should read this first.

https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367

Byteball relies on Bitcoin cryptography. Only libsecp2561k the good old tried and tested. Enjoy!
The vulnerability found in IOTA was in their home grown HASH function.  Bitcoin uses standard HASH functions such as AES.  Secp256k1 is the elliptic curve used by Bitcoin not the hash function so your reference to it is incorrect in this context.  IOTA was stupid/naive enough to think they could invent their own hash function, a totally noob security mistake.  How many other major security mistakes have they made?

This was addressed 1 month ago:
https://blog.iota.org/upgrades-updates-d12145e381eb

Another statement released today:
https://blog.iota.org/curl-disclosure-beyond-the-headline-1814048d08ef


my god, another statement? All must be well and good with iota when peons are spoken to directly by self proclaimed clowns by issuing statements.

In all seriousness, nice damage control, a cryprocurrency with broken crypto which even a schoolboy could have done better.

This issue btw, was raised by me 6months ago to iota in february.
Michail1
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September 07, 2017, 09:48:18 PM
 #13550

In all seriousness, nice damage control, a cryprocurrency with broken crypto which even a schoolboy could have done better.

This issue btw, was raised by me 6months ago to iota in february.

In a Byteball thread or IOTA thread?   Smiley

Was just wondering why are we talking about IOTA in this thread?

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September 07, 2017, 10:12:41 PM
 #13551

In all seriousness, nice damage control, a cryprocurrency with broken crypto which even a schoolboy could have done better.

This issue btw, was raised by me 6months ago to iota in february.

In a Byteball thread or IOTA thread?   Smiley

Was just wondering why are we talking about IOTA in this thread?
Always good to remind people that Byteball is better, is epic, compared to the only other attempted DAGcoin.

Byteball, true DAG, the only blockchain-less cryptocurrency of 2017.

Byteball the only consensus algorithm with unlimited scaleability. Best crypto.
John999
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September 07, 2017, 10:26:49 PM
 #13552

Is distribution 100% complete as of now? Because I thought it too would take a few days to complete the whole distribution. The reason I ask is because I havent received mine

as of yet, although I am still quite sure it would be incoming. Although if all have been distributed then perhaps I have messed up on my end. I just see conflicting reports, thats

why I ask. Again, not worried just curious as to what is ongoing. Cheers  Smiley

Apparently Byteball has become a scam. After changing the rules of distribution, now they don't even send the right amount of bytes.

They send the perfect amount of bytes.  You just can't count / read what the rules are/were.

So, provide your address and I will prove you wrong.  Actually, nevermind, no need to post.  You're only gonna dump anyway.


Yep sorry I was wrong  Embarrassed 2 days before the airdrop I did a transaction on electrum and it sent the remaining BTC's in my wallet to a new address not linked.
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September 07, 2017, 11:07:59 PM
 #13553

In all seriousness, nice damage control, a cryprocurrency with broken crypto which even a schoolboy could have done better.

This issue btw, was raised by me 6months ago to iota in february.

In a Byteball thread or IOTA thread?   Smiley

Was just wondering why are we talking about IOTA in this thread?
Always good to remind people that Byteball is better, is epic, compared to the only other attempted DAGcoin.

Byteball, true DAG, the only blockchain-less cryptocurrency of 2017.

Byteball the only consensus algorithm with unlimited scaleability. Best crypto.



I feel comfortable knowing that we are protected, that byteball is built on a firm, seamless foundation. Tonich does a great job and soon will smile the price too
SatoNatomato
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September 08, 2017, 12:34:03 AM
 #13554

In all seriousness, nice damage control, a cryprocurrency with broken crypto which even a schoolboy could have done better.

This issue btw, was raised by me 6months ago to iota in february.

In a Byteball thread or IOTA thread?   Smiley

Was just wondering why are we talking about IOTA in this thread?
Always good to remind people that Byteball is better, is epic, compared to the only other attempted DAGcoin.

Byteball, true DAG, the only blockchain-less cryptocurrency of 2017.

Byteball the only consensus algorithm with unlimited scaleability. Best crypto.



I feel comfortable knowing that we are protected, that byteball is built on a firm, seamless foundation. Tonich does a great job and soon will smile the price too
Thats damn right.

Ive done analysis of both IOTA and Byteball back in January 2017, and I tried to tell iota people the mistakes they made, especially pointed out the Curl function, you can find it in the "iota unmoderated thread" - while Ive seen Byteball is solid.

The response from iota people is always same, ridicule and attempting to speak from bigger pedastool without saying anything of value.

FFS these researchers took the time, found flaws, reported and didnt weaponize or double-spend which they even had examples off... And they as reward "get well duh its only theoretical and we fix it why u fudd". Dishonorable.

Byteball is as solid as Bitcoin, even the encrypted chat messages - which is extra tricky to get right, is done perfecly well in Byteball.
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September 08, 2017, 01:08:14 AM
 #13555

Great,i like the game。
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September 08, 2017, 02:22:30 AM
 #13556

In all seriousness, nice damage control, a cryprocurrency with broken crypto which even a schoolboy could have done better.

This issue btw, was raised by me 6months ago to iota in february.

In a Byteball thread or IOTA thread?   Smiley

Was just wondering why are we talking about IOTA in this thread?
Always good to remind people that Byteball is better, is epic, compared to the only other attempted DAGcoin.

Byteball, true DAG, the only blockchain-less cryptocurrency of 2017.

Byteball the only consensus algorithm with unlimited scaleability. Best crypto.



I feel comfortable knowing that we are protected, that byteball is built on a firm, seamless foundation. Tonich does a great job and soon will smile the price too
Thats damn right.

Ive done analysis of both IOTA and Byteball back in January 2017, and I tried to tell iota people the mistakes they made, especially pointed out the Curl function, you can find it in the "iota unmoderated thread" - while Ive seen Byteball is solid.

The response from iota people is always same, ridicule and attempting to speak from bigger pedastool without saying anything of value.

FFS these researchers took the time, found flaws, reported and didnt weaponize or double-spend which they even had examples off... And they as reward "get well duh its only theoretical and we fix it why u fudd". Dishonorable.

Byteball is as solid as Bitcoin, even the encrypted chat messages - which is extra tricky to get right, is done perfecly well in Byteball.

encrypted chat is not extra tricky to get right

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September 08, 2017, 02:32:37 AM
 #13557

Yep sorry I was wrong  Embarrassed 2 days before the airdrop I did a transaction on electrum and it sent the remaining BTC's in my wallet to a new address not linked.

Ouch, sorry to hear it, but it happens a LOT.   This forces people to learn at Bitcoin and change addresses.

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September 08, 2017, 06:22:04 AM
 #13558

Byteball price after the airdrop is hovering around 0.071
People will buy in again?

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.PLAY NOW.
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September 08, 2017, 06:40:41 AM
 #13559

Byteball price after the airdrop is hovering around 0.071
People will buy in again?

I am confident about market recovery and will say yes this will do. We had once price over 0.35 BTC and that time development and features were not this advance how they are now. Next month merchant acceptance will also have its impact and no distribution so things overall gives good hope and looks quite suitable to expect nice increase in next weeks.
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September 08, 2017, 07:57:29 AM
 #13560

Is there anyone updated the wallet? I am not sure if I should backup the whole wallet first before update Huh

I did update my wallet with no issues
You should always take a backup before applying an update on the wallet

Great thanks Smiley

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