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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1225654 times)
Malek17
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October 05, 2017, 10:49:15 PM
 #14161


may be airdrops should be at random dates with random percentage like this month airdrop 5% next month 8% following month 15%...etc that way nobody will ask when the airdrop is and nobody will dump their coins only normal selling and buying of the coin

Well, this idea is quite brilliant actually, but it can be improved. You could also split the airdrops in more little pieces so that sometimes all monthly airdrop comes in one day while other months it is slip up to X number of mini-airdrops. This way people wouldn't be able to play the speculation game even after having got the monthly airdrop Smiley

This idea wont work.

Tonych want distribute coins fairly between holders and btc holders.
That means % which distribution happens must match amount of btc in total.
So thats why random 8% or 5% would not work.

please go to byetaball.org and read how distribution is calculated.
Its not random % , all is done to match btc cap.
what you saying doesn't make sense dropping 5% this month and 15% next month it like dropping 10% this month and 10% next month at the end of the day you will get the same amount,random airdrops is just to keep people from buying before airdrop and dumping just after the airdrop,if the airdrop is at random dates the price will be much more stable and the coin grow in a healthy way rather than in an artificial way.

Please research instead talking nonsense. I am telling you that amount of % for gbyte holders cannot be random because of airdrop and btc cap. ask in slack if you dont believe.

not body said anything about airdroping randomly to GB Holders what we're talking here is about random dates instead of airdropping every full moon you can airdrop at different dates that not body knows except Tonych of course for example you can airdrop the coin now then after 3 weeks then after a month and half....etc

And whats that gonna help? dump will happen one way or another. Research explorer and look for yourself that big holders from top 100 didint dumped. so most likely noobs and weak hands dumping  like crazy.
dates and random airdrops not going to help.
That will eliminate price Volatility before ad after the airdrop and stabilize the price of Byteball and let it grow in a healthy way than an artificial way say for example Tonych announce today that there is a 20% airdrop next week i guarantee the price of Byteball will double then fall again after the airdrop but if he doesn't announce the date and percentage of the airdrop at all the price will remain stable and if there any increase it will be a healthy increase not an artificial one.
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October 05, 2017, 11:39:12 PM
 #14162


may be airdrops should be at random dates with random percentage like this month airdrop 5% next month 8% following month 15%...etc that way nobody will ask when the airdrop is and nobody will dump their coins only normal selling and buying of the coin

Well, this idea is quite brilliant actually, but it can be improved. You could also split the airdrops in more little pieces so that sometimes all monthly airdrop comes in one day while other months it is slip up to X number of mini-airdrops. This way people wouldn't be able to play the speculation game even after having got the monthly airdrop Smiley

This idea wont work.

Tonych want distribute coins fairly between holders and btc holders.
That means % which distribution happens must match amount of btc in total.
So thats why random 8% or 5% would not work.

please go to byetaball.org and read how distribution is calculated.
Its not random % , all is done to match btc cap.
what you saying doesn't make sense dropping 5% this month and 15% next month it like dropping 10% this month and 10% next month at the end of the day you will get the same amount,random airdrops is just to keep people from buying before airdrop and dumping just after the airdrop,if the airdrop is at random dates the price will be much more stable and the coin grow in a healthy way rather than in an artificial way.

Please research instead talking nonsense. I am telling you that amount of % for gbyte holders cannot be random because of airdrop and btc cap. ask in slack if you dont believe.

not body said anything about airdroping randomly to GB Holders what we're talking here is about random dates instead of airdropping every full moon you can airdrop at different dates that not body knows except Tonych of course for example you can airdrop the coin now then after 3 weeks then after a month and half....etc

And whats that gonna help? dump will happen one way or another. Research explorer and look for yourself that big holders from top 100 didint dumped. so most likely noobs and weak hands dumping  like crazy.
dates and random airdrops not going to help.

Agree with last comment from silverbox.

No matter how you spin it, it is a lot of new coins entering the market (almost) every month, if demand (or user adoption say) doesn't also increase a corresponding amount then prices fall by normal free market dynamics. This is what we are seeing

However if you look at market cap, it hasn't dropped nearly as much as price, although it has dropped a bit, but I take that to be a positive signal that byteball as a whole is maintaining its value to an extent.

There are some nuances to how the coins are distributed in terms of supply and demand though, whether people are keen to cash in straight away or hodl. I suspect that many of the big bitcoin holders who benefited more from earlier airdrops were quick to sell their bytes, seeing it as free money to cash in, (although that wasn't the case for me). This means supply was high and demand for byteball was lower.

However the  distribution rules have now changed and bitcoin holders will get 10 times less in each airdrop than previously. So now the incentive is changing so that existing byteball holders may hodl their airdropped coins in order to benefit from compounding interest on their byteball holdings. Presumably people that hold byteball longer term are more likely to be believers in byteball. This means the supply rate will drop compared to previously and demand increase.

It will be interesting to see how it plays out with high interest gained by hodling versus selling quick before the supply increases. I think the scales might be tipping towards hodling being the better option.
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October 05, 2017, 11:42:46 PM
 #14163

That will eliminate price Volatility before ad after the airdrop and stabilize the price of Byteball and let it grow in a healthy way than an artificial way say for example Tonych announce today that there is a 20% airdrop next week i guarantee the price of Byteball will double then fall again after the airdrop but if he doesn't announce the date and percentage of the airdrop at all the price will remain stable and if there any increase it will be a healthy increase not an artificial one.

I hadn't heard that. Its interesting. Not on a full moon either! Last full moon felt a bit strange not to be expecting a payout.
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October 06, 2017, 03:45:17 AM
 #14164

It's a bit too late for such a drastic change. However, I agree it's a good idea. It's something to be explored by future projects choosing to go through the airdrop way.

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October 06, 2017, 06:12:24 AM
 #14165

Gbyte need to work something to help it increase, i bought it 2 months ago, but now i lost 2/3 monney Sad, so sad. https://phantailaptop.vn hope Byteball will have a marketing campaign or big event in this month

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October 06, 2017, 06:50:21 AM
 #14166

What is the latest version of the wallet? Is it v1.10.1?

The beginning of a new era.
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October 06, 2017, 06:51:48 AM
 #14167

dont know if thats a problem. hiring 10 developers would make more sense to make the price fly. gui developers are crusial i think.
Yesterday I received Stellar's Stellar.org October 2017 Newsletter in my email. Today Stellar Lumens went up 36% (in dollars)!
Byteball could do this too: use the airdrop to promote leaving your email address for a newsletter. Tony often posts updates in this thread, but the number of new posts make it harder to see the important announcements.

say for example Tonych announce today that there is a 20% airdrop next week i guarantee
I stopped reading at "i guarantee". You can't guarantee anything.

As far as I know, Tony never made any promises on the price. Tony wants as many people as possible to install the Byteball wallet. That's the goal, value comes from having many users, it's not the initial goal.

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October 06, 2017, 07:13:34 AM
 #14168

@Malek17
Of course you're right, but don't expect the dumpers to be enthusiastic about such a change in the rules.

Even more useful would be a small daily distribution to random addresses. This would increase the suspense at each holder of bytes and, since the byte capacity is only slowly increasing, guarantee that the bytes are not sold.

Gbyte need to work something to help it increase, i bought it 2 months ago, but now i lost 2/3 monney Sad, so sad. https://phantailaptop.vn hope Byteball will have a marketing campaign or big event in this month
Byteball needs only one thing: Options that make this currency usable. But obviously the developers in charge have no interest in it.


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October 06, 2017, 07:25:39 AM
Last edit: October 06, 2017, 08:14:34 AM by Hyena
 #14169

We should get Changelly to integrate Byteball. I'm building a really ambitious game that only accepts Byteball, so naturally buying bytes should be made really simple somehow.

edit:
never mind, they have already integrated GBYTE, that's awesome!

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October 06, 2017, 07:45:16 AM
 #14170

dont know if thats a problem. hiring 10 developers would make more sense to make the price fly. gui developers are crusial i think.
Yesterday I received Stellar's Stellar.org October 2017 Newsletter in my email. Today Stellar Lumens went up 36% (in dollars)!
Byteball could do this too: use the airdrop to promote leaving your email address for a newsletter. Tony often posts updates in this thread, but the number of new posts make it harder to see the important announcements.

say for example Tonych announce today that there is a 20% airdrop next week i guarantee
I stopped reading at "i guarantee". You can't guarantee anything.

As far as I know, Tony never made any promises on the price. Tony wants as many people as possible to install the Byteball wallet. That's the goal, value comes from having many users, it's not the initial goal.
I guess that called prejudice you should finish what you reading before you make up your mind on something and comment on it or as they say understanding the question is half the answer not body was talking about tonych guaranting any price what it meant that the price will be very volatile.
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October 06, 2017, 08:00:55 AM
 #14171

We should get Changelly to integrate Byteball. I'm building a really ambitious game that only accepts Byteball, so naturally buying bytes should be made really simple somehow.
It should rather be developed an app that allows the direct exchange of €uro, USD... in Bytes and Blackbytes.
How to do this is only a matter of looking at BISQ.


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October 06, 2017, 10:20:29 AM
 #14172

Hello! I'm trying to start using the Byteball wallet, downloaded it both on my Mac and Windows 10 PC, but it only starts syncing for around 1 minute and then shuts down (I chose full chain download). Please, help me with this issue. Thank you
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October 06, 2017, 10:35:26 AM
 #14173

Hello! I'm trying to start using the Byteball wallet, downloaded it both on my Mac and Windows 10 PC, but it only starts syncing for around 1 minute and then shuts down (I chose full chain download). Please, help me with this issue. Thank you

Please try the light wallet option because in Byteball a full wallet hasn't any advantage for users, it's mostly for developers.

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October 06, 2017, 10:38:29 AM
 #14174

ok, thanks!
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October 06, 2017, 04:22:44 PM
 #14175

how can i sell blackbytes? and can anyone tell me whats the worth of 1979627546 black bytes?
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October 06, 2017, 04:36:25 PM
 #14176

how can i sell blackbytes? and can anyone tell me whats the worth of 1979627546 black bytes?
I think there are couple of chat bots in the wallet that works as BBYTES exchange. You can check out the bot store for more details.
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October 06, 2017, 04:51:01 PM
 #14177

can we stop going to shit pls. Roll Eyes

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October 06, 2017, 05:31:03 PM
 #14178

Anyone here tried moving from a full client to a lite client in their machine? Is there an option in lite client to restore the wallet from a full backup made in a full client?
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October 06, 2017, 06:18:23 PM
 #14179

Any use case for blackcoin byte
unable to find any exchange to sell it
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October 06, 2017, 06:27:49 PM
 #14180

Any use case for blackcoin byte
unable to find any exchange to sell it
I guess there are decentralized markets for it in the wallet itself. Go to the BotStore.

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