Obyte: Totally new consensus algorithm + private untraceable payments

[rigel]

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.

How can a smart contract know what's happening in the world outside the blockchain?

This is a problem common to all smart contracts platform.

[Karartma1]

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 don't think this comparison holds steady for the following reasons:
1. Byteball is not like Monero (yes Blackbytes let us do private payments but Monero is publicly traded on exchanges);
2. Monero has a huge community compared to Byteball and more devs work on it;
3. Byteball has a fixed supply based on airdrops, while Monero is still mineable

I am here since the beginning, I believe Byteball needs a bit more time and recognition (and maybe some other exchanges that will list it). But eventually the good will out, I'm sure.
It looks to me one of the most advanced coins out there.

my 2 bytes

[LoyceV]

How can be prevented that the oracle supplies false info to the DAG.

You can prevent this by choosing an oracle you trust. There are already many organisations you (have to) trust. If they abuse your trust, you'll never trust them again. Take for example Bittrex: I already trust them. If they would create an Oracle that provides some sort of information, they'd hurt their main business if their oracle can't be trusted.

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.

The "smart contract" hype creates theoretical uses for all sorts of smart contracts, without the real world link. You can't rent a car with a smart contract, without the rental company knowing about it. An oracle links the virtual currency to the real world.

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

Correct. But you'll have to trust something somewhere to connect bytes to the real world.

[andreibi]

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 don't think this comparison holds steady for the following reasons:
1. Byteball is not like Monero (yes Blackbytes let us do private payments but Monero is publicly traded on exchanges);
2. Monero has a huge community compared to Byteball and more devs work on it;
3. Byteball has a fixed supply based on airdrops, while Monero is still mineable

I am here since the beginning, I believe Byteball needs a bit more time and recognition (and maybe some other exchanges that will list it). But eventually the good will out, I'm sure.
It looks to me one of the most advanced coins out there.

my 2 bytes

Exactly the reasons on why you should be accumulating more during this period. One of these days, you'll look back at the time when few people know about byteball. You exit a coin holding when it's popular and everybody wants a piece of it. People selling now are just in for the quick profit.

[Technos]

I'm not surprised at all with the low volume. Byteball not even started yet. This whole witnesses concept is completely new and untested... but also an unique opportunity to invest, as someone already said.

[TylerJordan]

Anton,   what's Blackbytes? Anonymity is always desired in cryptocurrencies

[Seeder]

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

How about a bot capable of exchanging Bytes and Blackbytes for Fiat? How this works can be seen in BISQ (https://bisq.network).

[Hatat]

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

The price has not stablized. So it might be better to wait for a few more weeks.

[bitjoin]

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

How about a bot capable of exchanging Bytes and Blackbytes for Fiat? How this works can be seen in BISQ (https://bisq.network).

Defo more options for blackbytes needed. Monero has done very well due to its anonymity features. Blackbytes could do well also given more options for people to trade. From what i see we dont yet have byteballs anywhere but bittrex and couple other small exchanges.

[matt4054]

I'm not surprised at all with the low volume. Byteball not even started yet. This whole witnesses concept is completely new and untested... but also an unique opportunity to invest, as someone already said.

Byteball needs some marketing, especially for the merchant campaign. But it might be a good thing to finish with the distribution first, at least >75% finished. As for the 'untested' witness concept, the concept has been tested times and again in many applications but I get your point as it is an new feature for a cryptocurrency.

[garytheasshole]

I'm not surprised at all with the low volume. Byteball not even started yet. This whole witnesses concept is completely new and untested... but also an unique opportunity to invest, as someone already said.

Byteball needs some marketing, especially for the merchant campaign. But it might be a good thing to finish with the distribution first, at least >75% finished. As for the 'untested' witness concept, the concept has been tested times and again in many applications but I get your point as it is an new feature for a cryptocurrency.

I like tonych's attitude, keep quiet and dev on. If you build it they will come, only bullshit needs heavy marketing.

[pxrunes]

Hey guys,

i am announcing my new project:

Luckybytes

It's an in app lottery in which you can play using your Byteball Bytes. There are three different game modes to participate in. Win large amounts of Bytes depending on the number of players on the principle of «the winner takes it all». All games are provably fair. Each lottey comes with a game and proof hash whichs let a player validate and prove the results against manipulation.

The catch is: you can play it in the byteball app or after login through the app: online on any device!

Please try it out and give me your feedback

https://lucky.byte-ball.com/

[Seeder]

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

How about a bot capable of exchanging Bytes and Blackbytes for Fiat? How this works can be seen in BISQ (https://bisq.network).

Defo more options for blackbytes needed. Monero has done very well due to its anonymity features. Blackbytes could do well also given more options for people to trade. From what i see we dont yet have byteballs anywhere but bittrex and couple other small exchanges.

I agree.

Changing from Blackbytes to Fiat is only possible with P2P.
However, it would now be urgently necessary to offer such a possibility.
Another important step would be the approach to a decentralized marketplace like "Open Bazaar". It should be able to pay directly with Blackbytes.

Demand for Moneros (and thus the market value) increased as some Darknet markets decided to accept Moneros as a means of payment.

[pxrunes]

Defo more options for blackbytes needed. Monero has done very well due to its anonymity features. Blackbytes could do well also given more options for people to trade. From what i see we dont yet have byteballs anywhere but bittrex and couple other small exchanges.

I agree.

Changing from Blackbytes to Fiat is only possible with P2P.
However, it would now be urgently necessary to offer such a possibility.
Another important step would be the approach to a decentralized marketplace like "Open Bazaar". It should be able to pay directly with Blackbytes.

Demand for Moneros (and thus the market value) increased as some Darknet markets decided to accept Moneros as a means of payment.

just in case you guys didn't know it yet (i never posted it here).

The blackbyte exchange with the greatest volume is freebe. You can instandly sell and buy blackbytes there. Selling blackbytes is risk free (trustless) because of the used conditional payment.

Here are the latest statistics of freebe:

24h volume: 259 GBB
Best Ask: 0.0399 (50 GBB)
Best Bid: 0.0266 (100 GBB)
Total GBB wanted: 7144
Total GBB for sell: 970

All-Time traded GBB: 9925

For pairing information, help and live statistics visit: http://freebe.byte-ball.com/

[BurtW]

OK, so a Segwit address is what a Nano is? And I would need to put my BTC back on my computer to participate in the airdrop. That is a great shame, as I really dont want to do that (or incur the high fees moving it there and back just for some free currency.)

I guess GBYTE has lost a supporter with this move and I will be selling my GBYTE holdings (not that I personally will make one jot of difference to the project overall) but I think it's pretty shortsighted of the developer of this coin to not support this other form of BTC address in the links. I was advised to move my holdings to a Nano because it was safer...

Hi, I realise that the next distribution is not planned until November but I have recently moved my BTC to a Nano S and was looking to relink my ByteBall wallet to this new address.
When I chatted to the transition bot and told it my new address I got an error:

"Only P2PKH addresses are supported".

I am new to this, and am not technically gifted. I did a quick google search but didnt really understand what it all meant.
Can anyone explain what I need to do and if it is possible to still link my wallets to participate in the next airdrop.

Thanks again for your help.

You cannot use segwit addresses as at this time it is not possible to sign messages with segwit addresses. Legacy btc addresses only.

It is not the developer of Byteball. The new segwit btc addresses are not compatible with signing messages at this time. It has nothing to do with Byteball. It has to do with btc segwit protocol.

Oh, I see. My apologies for jumping to conclusions and thank you for your advice and putting me straight. Do you advise I move my funds then, or is this likely to be sorted out at some point soon?

tonych,

Please consider implementing the signature algorithm discussed here:

https://github.com/trezor/trezor-mcu/issues/169

and implemented on the Trezor wallet so that we can make a step forward on implementing a standard way to sign messages with SegWit addresses.

As far as I know this is the only implemented proposal so far.

1) Anyone who keeps their coins in a Trezor wallet would be able to sign messages with them for the ByteBall bot.

2) More SegWit compliant wallets can/will be asked to use/implement this algorithm

3) This will help in the adoption of this proposal as a standard.

[$dakini]

Defo more options for blackbytes needed. Monero has done very well due to its anonymity features. Blackbytes could do well also given more options for people to trade. From what i see we dont yet have byteballs anywhere but bittrex and couple other small exchanges.

I agree.

Changing from Blackbytes to Fiat is only possible with P2P.
However, it would now be urgently necessary to offer such a possibility.
Another important step would be the approach to a decentralized marketplace like "Open Bazaar". It should be able to pay directly with Blackbytes.

Demand for Moneros (and thus the market value) increased as some Darknet markets decided to accept Moneros as a means of payment.

just in case you guys didn't know it yet (i never posted it here).

The blackbyte exchange with the greatest volume is freebe. You can instandly sell and buy blackbytes there. Selling blackbytes is risk free (trustless) because of the used conditional payment.

Here are the latest statistics of freebe:

24h volume: 259 GBB
Best Ask: 0.0399 (50 GBB)
Best Bid: 0.0266 (100 GBB)
Total GBB wanted: 7144
Total GBB for sell: 970

All-Time traded GBB: 9925

For pairing information, help and live statistics visit: http://freebe.byte-ball.com/

Is this a new exchange for trading black bytes? Is there any fees for making a trade in your exchange?

[European Central Bank]

Demand for Moneros (and thus the market value) increased as some Darknet markets decided to accept Moneros as a means of payment.

blackbytes are too unwieldy to use. i like the idea but the manual pairing thing and backup needed every time isn't practical. it needs to be smoother to use.

[LoyceV]

just in case you guys didn't know it yet (i never posted it here).

The blackbyte exchange with the greatest volume is freebe

Where does freebe get it's users, if you've never posted here?

[pxrunes]

Is this a new exchange for trading black bytes? Is there any fees for making a trade in your exchange?

actually freebe is the oldest blackbyte exchange (well there are only 2). It's also the only exchange where you can trade in both ways (sell/buy).
There is no Fee for trade creators. 0.5% Fees for takers.

It all began with a global chat room for the byteball app and now its not only that but also a big blackbyte exchange

just in case you guys didn't know it yet (i never posted it here).

The blackbyte exchange with the greatest volume is freebe

Where does freebe get it's users, if you've never posted here?

I'm posting mainly on slack and reddit. Right now >1000 users are connected to freebe and more that 10.000 GBB are already exchanged!

[Seeder]

@ pxrunes
I want to change Blackbytes against €uros. The detour via Bytes is far too costly.

Demand for Moneros (and thus the market value) increased as some Darknet markets decided to accept Moneros as a means of payment.

blackbytes are too unwieldy to use. i like the idea but the manual pairing thing and backup needed every time isn't practical. it needs to be smoother to use.

Automatic pairing during the payment process via a decentralized trading platform such as Open Bazaar should be absolutely feasible.