Obyte: Totally new consensus algorithm + private untraceable payments

[Seeder]

I also hold back on investments.
Bytes and Blackbytes are still useless as means of payment, even the naming is in the way.

[carlosmg]

I think some guys freak when they see they can't buy it for a few pennies. Price is holding though.

[kaltun]

Trading is dying. Seems to be not much interest in the project from the general crypto community.

so your saying ....

GBYTE R.I.P

[carlosmg]

Well, blockchains don't die. I hope DAGs also don't die. In that case someone could create an obituary counter, like there is for Bitcoin. Just for fun

[harald71]

Hey, I'd like to sell 2,5 GBB. Actually I wanted to held them but I need ETH, so I'd sell them if anyone is interested. PM please

[Michail1]

Hey, I'd like to sell 2,5 GBB. Actually I wanted to held them but I need ETH, so I'd sell them if anyone is interested. PM please

Using an exchange is probably your fastest and safest way.  Or a converter like shapeshift or changelly.

[Wexlike]

This coin reminds me of Monero in 2015. Trading volume was almost dead, people were leaving Monero and everyone was yelling Monero is dead.

Well apparently it was the time to accumulate. 

[byteball3r]

Can somebody clarify the questions raised in this reddit thread?
https://www.reddit.com/r/ByteBall/comments/733eoj/can_someone_explain_this_discrepancy/

In short, the byteball website claims that 100,000 GBYTEs were distributed in the first round, when in practice only 50,000 were.
the website clearly says that 70,000 BTC were linked in the first round, and the exchange rate in the first round was 0.7066. This yields 70,663*.7066 = 49,930 GBYTEs distributed to bitcoin holders.
however their website also says that 10% of overall supply was distributed in the first round. but if there's a million gbytes to be handed out, 10% is 100,000. that leaves 50,000 unaccounted for. they clearly were not, by byteball.org's own numbers, handed out to the public.
something is amiss here and I think it deserves immediate clarification. if the team is holding back 5% instead of 2% as claimed on the bitcointalk announcement, the community should be made aware.

It looks like a case of incorrect math to calculate the distribution rate in the first round; is that the case?

[blakeh]

Hi everyone,

Anyone have any luck with the Transition bot?  I can't get it to reply to me at all.  Tried to link from the address on the byteball.org website.
Also I didn't receive my airdrop for existing blackbytes in my wallet for September.  Wondering what happened and how to fix the bot?
Also why is transition.byteball.org blank with no addresses listed?

Thanks

[Dread]

Well, blockchains don't die. I hope DAGs also don't die. In that case someone could create an obituary counter, like there is for Bitcoin. Just for fun

when blockchain will be have some problem with hashing cryptoholders will be collect around Byte

now he for some time will be half dead)

[Seeder]

This coin reminds me of Monero in 2015. Trading volume was almost dead, people were leaving Monero and everyone was yelling Monero is dead.

Well apparently it was the time to accumulate.  

And now, please analyze on which basis the demand for Moneros has been rising for quite some time and why you have to wait in vain at Byteball, despite the enormous potential.

- Maybe it's the lack of a roadmap?
- Maybe at the unlucky name selection (Byteball, Bytes, Blackbytes)?
- Perhaps to popularize Bytes/Blackbytes as a means of payment at various omissions?

Well, the investors are groping in the dark and wondering whether the developers will finally come up with something that can be used beyond the poker room.

[kaicrypzen]

Can somebody clarify the questions raised in this reddit thread?
https://www.reddit.com/r/ByteBall/comments/733eoj/can_someone_explain_this_discrepancy/

In short, the byteball website claims that 100,000 GBYTEs were distributed in the first round, when in practice only 50,000 were.
the website clearly says that 70,000 BTC were linked in the first round, and the exchange rate in the first round was 0.7066. This yields 70,663*.7066 = 49,930 GBYTEs distributed to bitcoin holders.
however their website also says that 10% of overall supply was distributed in the first round. but if there's a million gbytes to be handed out, 10% is 100,000. that leaves 50,000 unaccounted for. they clearly were not, by byteball.org's own numbers, handed out to the public.
something is amiss here and I think it deserves immediate clarification. if the team is holding back 5% instead of 2% as claimed on the bitcointalk announcement, the community should be made aware.

It looks like a case of incorrect math to calculate the distribution rate in the first round; is that the case?

Yes, the calculations in that reddit post are incorrect. The rate for the first round was (rounded to simplify), for each 0.7 BTC, you get 1 GB, so for the over 70,000 BTC linked, 70,000/0.7 = 100,000 GB were distributed. Actually that rate was a consequence of the linked BTC, I mean that the rule was "distribution of 10%", given the fact over 70,000 BTC was linked, that simply gave the rate of 0.7 BTC/GB or 1.42 GB/BTC.
The transition page for the first round can be found here http://transition.byteball.org/firstround.html, if you want more details about the addresses that were linked.

[ptcgroup10009]

Now that someone has mentioned the word Nano, do you think that Byteball can/will ever be supported also on Ledger Nano or Trezor?

It would be great to have a Ledger Nano Support! But I think it will take some time to bring Byteball to a hardware wallet, because of its DAG chain.

well the byteball has the ability to have a multisig account with a computer plus a tablet or phone or all three to have a payment sent. so a hacker will need to hack two or three accounts at the same time to move your funds.

[harald71]

Hey, I'd like to sell 2,5 GBB. Actually I wanted to held them but I need ETH, so I'd sell them if anyone is interested. PM please

Using an exchange is probably your fastest and safest way.  Or a converter like shapeshift or changelly.

Good idea, if blackbytes would be on exchanges 

[snowdropfore]

with the price  now ,i think i should buy some BYTEBALL and hold,  this is a good project,so undervalued now,take the chance.

[ByteFan]

Hey, I'd like to sell 2,5 GBB. Actually I wanted to held them but I need ETH, so I'd sell them if anyone is interested. PM please

Using an exchange is probably your fastest and safest way.  Or a converter like shapeshift or changelly.

Good idea, if blackbytes would be on exchanges 

There is www.beeb-bot.com

[.cryptic.]

with the price  now ,i think i should buy some BYTEBALL and hold,  this is a good project,so undervalued now,take the chance.

I also see this as a great opportunity to buy and hold some byteballs when the prize is so low. With its low total supply of 1 Million coins and the development happening in the background, it has to moon at some point in time.

[byteball3r]

I agree with Seeder. A roadmap should be publicized and marketing should be improved. Roadmap wouldn't take a whole lot of effort as it is mostly abstractions described in broad terms.

I know a big point of byteball is having simple human-readable contracts (that are not "Turing complete") but it might be prudent in terms of appeal to the markets to have plans to add features to the contract language so that more things could be done similar to ethereum with a "smarter" language. You possibly could still differentiate Byteball by aiming to reduce the possibility of screw-ups as in DAO hack etc while still allowing more smart contract functionality than currently exists on Byteball network. This way you could also hop on iota marketing strategy.

Markets would also probably like it if you brought on more devs in an official capacity. Perhaps compensating with percentage of remaining Byteball similar to/out of original dev reservation.

Just a suggestion. Thanks devs.

[LoyceV]

This coin reminds me of Monero in 2015. Trading volume was almost dead, people were leaving Monero and everyone was yelling Monero is dead.

Well apparently it was the time to accumulate.  

1 Monero in 2015: $0.50
1 MBYTE now: $0.25
1 Monero now: $94.38

If growth like that is going to happen, then indeed GBYTE should be replaced by MBYTE on exchanges. $47000 per GBYTE means you pay your restaurant bill for 0.001 GBYTE, that makes 1 MBYTE as default more convenient.
Then again, Tony's screenshot with the pizza-order always shows 100,000 bytes for a pizza, with mass-adoption we could switch to just prices in bytes.

I'm not saying Byteball is dead now though, it's just not hyped.

I know a big point of byteball is having simple human-readable contracts (that are not "Turing complete") but it might be prudent in terms of appeal to the markets to have plans to add features to the contract language so that more things could be done similar to ethereum with a "smarter" language.

Byteball uses oracles to get anything more complicated into a contract. An oracle can be basically anything you can think of, as long as both parties trust the oracle.

[freigeist]

Byteball uses oracles to get anything more complicated into a contract. An oracle can be basically anything you can think of, as long as both parties trust the oracle.

How can be prevented that the oracle supplies false info to the DAG.
If you have a "smart contract" that relies on oracle which supplies external info to the DAG and if that info is "not correct"
don't you think it could cause a lot of damage.

In my opinion this is a common problem to all technologies (DAGs or blockchains) that supposed to use oracles
not only byteball.