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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1218391 times)
MurrayRothbard77
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November 04, 2017, 04:35:07 PM
 #14761

byteball airdrops really are terrible, I don't know whose idea it was to constantly give away to people who don't even hold the coin so people only interested in holding BTC and dumping byteball immediately get rewarded on a regular basis, it's a terrible setup. Bitcore is a good example because it's a % based on your bitcore holdings so it encourages people to hold and accumulate. It makes no sense at all to keep rewarding people who just dump right away. I'm very disappointed with the way it's all turned out.

Yes the airdrop method of attracting users has proven to be a failure. Still very bullish on the long term value of this project.

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Benezim
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November 04, 2017, 04:46:12 PM
 #14762

I have received my byteballs, thanks to the developer. Price tanks as usual right after the snapshot, we will see the real value of byteball after the airdrop is completed.

On a separate note, I like the fact that we see our First ICO based on byteballs. Working on that use case angle. Thumbs up.
CorePrime95
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November 04, 2017, 04:57:23 PM
 #14763

byteball airdrops really are terrible, I don't know whose idea it was to constantly give away to people who don't even hold the coin so people only interested in holding BTC and dumping byteball immediately get rewarded on a regular basis, it's a terrible setup. Bitcore is a good example because it's a % based on your bitcore holdings so it encourages people to hold and accumulate. It makes no sense at all to keep rewarding people who just dump right away. I'm very disappointed with the way it's all turned out.

Byteball airdrops are now mainly for Byteball holders. Linked BTC gives very little Bytes.
AlteregoX
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November 04, 2017, 05:04:01 PM
 #14764

Anyone having issues with the byte ball wallet?

Keeps saying "syncing"
davidoski
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November 04, 2017, 05:42:02 PM
 #14765

I'm working on translation of newly added strings. Can anybody advise what "key value pairs of data" in below string refers to?

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Post arbitrary key-value pairs of data into Byteball network.

Does the word "key" meaning is as in "cryptographic key" or key as "crucial"?

Chancellor on brink of second bailout for banks
adamantasaurus
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November 04, 2017, 05:51:26 PM
 #14766

hEy guys so how long is this airdrop going to go on for? is it infinite or is there a set date and time for this to end?

Thanks
byteball3r
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November 04, 2017, 06:07:48 PM
 #14767

I invested twenty GB to titancoin for the second round, good luck with the project!
tonych
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November 04, 2017, 06:07:59 PM
 #14768

[And how do you change the number for TitanCoin display in your wallet, its pretty huge numbers?

Currently it is displayed in "TitanPennies" (1 TitanCoin = 1,000,000 TitanPennies).  We'll have user friendly names and decimals in the next wallet update.

Simplicity is beauty
tonych
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November 04, 2017, 06:21:55 PM
 #14769

I'm working on translation of newly added strings. Can anybody advise what "key value pairs of data" in below string refers to?

Quote
Post arbitrary key-value pairs of data into Byteball network.

Does the word "key" meaning is as in "cryptographic key" or key as "crucial"?

Neither of the two.  It's devspeak Smiley
Here "key" is like "index", see 19 in http://www.dictionary.com/browse/key

Simplicity is beauty
NrX
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November 04, 2017, 06:25:01 PM
 #14770

When first ever ICO is running in side the wallet of Byteball my expectations were to see this showing some effect on the price. But the market valuation is telling other story as we are facing more decrease in value as it slipped under 0.03 BTC. I am not worried but can't understand the logic.
garytheasshole
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Chosŏn Minjujuŭi Inmin Konghwaguk


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November 04, 2017, 06:27:41 PM
 #14771

When first ever ICO is running in side the wallet of Byteball my expectations were to see this showing some effect on the price. But the market valuation is telling other story as we are facing more decrease in value as it slipped under 0.03 BTC. I am not worried but can't understand the logic.
Most probably haven't even got the news about the ICO, just got their airdrop and dumped.

davidoski
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November 04, 2017, 06:39:51 PM
 #14772

I'm working on translation of newly added strings. Can anybody advise what "key value pairs of data" in below string refers to?

Quote
Post arbitrary key-value pairs of data into Byteball network.

Does the word "key" meaning is as in "cryptographic key" or key as "crucial"?

Neither of the two.  It's devspeak Smiley
Here "key" is like "index", see 19 in http://www.dictionary.com/browse/key
OK, thanks. Translation done.

Chancellor on brink of second bailout for banks
SwissBoo
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November 04, 2017, 06:41:01 PM
 #14773

anyone still mining byte?

Create Your own Full Masternode VPS without Technical Skills in 1 HOUR
==>  https://www.SetupMasternodes.com  <==
Gatekeeper
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November 04, 2017, 07:01:48 PM
 #14774

byteball airdrops really are terrible, I don't know whose idea it was to constantly give away to people who don't even hold the coin so people only interested in holding BTC and dumping byteball immediately get rewarded on a regular basis, it's a terrible setup. Bitcore is a good example because it's a % based on your bitcore holdings so it encourages people to hold and accumulate. It makes no sense at all to keep rewarding people who just dump right away. I'm very disappointed with the way it's all turned out.

Byteball airdrops are now mainly for Byteball holders. Linked BTC gives very little Bytes.

yet it still gives to just btc holders, even if it's smaller than it was it's still rewarding people who hold zero byteballs, it's a terrible system when they could simply airdrop based on a % of current byteball holdings. It makes no sense to keep rewarding people over and over who hold zero byteball.

(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
tonych
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November 04, 2017, 07:14:03 PM
 #14775

Distribution of Bytes is now finished.
61,299.720840161 GB distributed
645,222.052937914 GB is available supply after the distribution.

Distribution of blackbytes will start in a few hours and will take a few days, be patient.  I'll post here when it is complete.

I'll decide and announce the plans for future distribution around mid-November.  But it is already certain that we skip the December full moon.  The purpose of the free distribution is in acquiring new users, and we should use the remaining undistributed coins most efficiently.  That's why we are slowing down the distribution and gradually phasing out the method based on balances, which is not expected to produce much positive impact any more.  Cashback has already proved more efficient in terms of cost of user acquisition, albeit it is still slow.  Other product updates linked to the distribution are still in the making but not certain enough to speak about them now, I expect more certainty in the middle of November.

Simplicity is beauty
Coin++
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November 04, 2017, 07:56:03 PM
 #14776

Distribution of Bytes is now finished.
61,299.720840161 GB distributed
645,222.052937914 GB is available supply after the distribution.

Distribution of blackbytes will start in a few hours and will take a few days, be patient.  I'll post here when it is complete.

I'll decide and announce the plans for future distribution around mid-November.  But it is already certain that we skip the December full moon.  The purpose of the free distribution is in acquiring new users, and we should use the remaining undistributed coins most efficiently.  That's why we are slowing down the distribution and gradually phasing out the method based on balances, which is not expected to produce much positive impact any more.  Cashback has already proved more efficient in terms of cost of user acquisition, albeit it is still slow.  Other product updates linked to the distribution are still in the making but not certain enough to speak about them now, I expect more certainty in the middle of November.
Have some link where we can read your plans for future distribution ?
What are your ideas and the explanation ?
I was thinking that your method was absolutely fine, but apparently no.

My favorite faucets to earn real free bitcoins/satoshis : Moon BitCoin and Bit Fun.
You want some free AltCoins ? It's here : BCH (Bitcoin Cash) Moon BitCoinCash - DASH (Dash) Moon Dash - DOGE (DogeCoin) Moon DogeCoin - LTC (LiteCoin) Moon LiteCoin.
You want some free LBC (Lbry Credits) ? My LBC invite : Lbry.tv - LBC (Lbry Credits).
vlom
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November 04, 2017, 08:15:31 PM
 #14777

Distribution of Bytes is now finished.
61,299.720840161 GB distributed
645,222.052937914 GB is available supply after the distribution.

Distribution of blackbytes will start in a few hours and will take a few days, be patient.  I'll post here when it is complete.

I'll decide and announce the plans for future distribution around mid-November.  But it is already certain that we skip the December full moon.  The purpose of the free distribution is in acquiring new users, and we should use the remaining undistributed coins most efficiently.  That's why we are slowing down the distribution and gradually phasing out the method based on balances, which is not expected to produce much positive impact any more.  Cashback has already proved more efficient in terms of cost of user acquisition, albeit it is still slow.  Other product updates linked to the distribution are still in the making but not certain enough to speak about them now, I expect more certainty in the middle of November.


thanks for all the work you have done so far. i hope that you received an adequate return for your work.
jackfruit
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November 04, 2017, 08:18:34 PM
 #14778

We've finally got our last airdrop and price dump is not a surprice at all. This project made us understand that airdrops are not good for coins, and especially when it is more than once. Byteball is a good example for the future.


Coiner_
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November 04, 2017, 09:02:03 PM
 #14779

I would be up for a signature campaign!

By all means. Sell your hymen, your reputation, and your self-respect for a few measly shekels.

Oh. I see you already have.

Heh.  Glad I don't have a hymen.... I'm safe, right?

Grin The moralistic grandstanding continues.

Quote

Interesting to see that the price has dipped as usual following the airdrop even though it didn't rise much this time.

Only 13% more - so far.  Of course it's tanking.  All alts are tanking.   Everyone jumping out of alts to buy bitcoin simply because of FOMO.  Not only is bitcoin jumping, but people want the forks.

True. The longer I'm in the crypto world the more I realize great tech, a working product and an active dev (team) does not necessarily translate to price on the market.

We've finally got our last airdrop and price dump is not a surprice at all. This project made us understand that airdrops are not good for coins, and especially when it is more than once. Byteball is a good example for the future.

It's not like ICO's (or "token/membership sales" as some now like to call theirs) are any better. Aside from the legal issues it incurs, there's nary an ICO'd token/crypto that doesn't dump to below the ICO price following a listing on an exchange and a place on CMC. The coins have to be gotten into the hands of the public somehow.

Besides, I've seen at least 3 airdropped projects try to handle this somehow. Someone has already mentioned Bitcore (the most similar to ByteBall) which distributes it on a weekly basis based on how much you're holding and other than the price spike today most likely caused by a fat-fingering, the price has, on average, been trending upwards since they started in April. There's also Hawala (HAT) which bans anyone caught dumping after the airdrop and Elixir which similarly increases based on your holding even though it was a one time thing (the FUD it received due to CMC's sloppiness didn't do it any favors).

But like I said above, "[t]he longer I am in the crypto world the more I realize great tech, a working product and an active dev (team) does not necessarily translate to price on the market". Case in point: Bitconnect/eBTC vs ByteBall/LBRY.

kola-schaar
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November 04, 2017, 10:22:59 PM
 #14780

I have just received my Blackbytes.  Smiley
Thanks to Tony, the team and everyone who is expanding the Byteball ecosystem and populating the DAG. Kiss
@Tony: have fun in Berlin!
...
I'll decide and announce the plans for future distribution around mid-November.  But it is already certain that we skip the December full moon.  The purpose of the free distribution is in acquiring new users, and we should use the remaining undistributed coins most efficiently.  That's why we are slowing down the distribution and gradually phasing out the method based on balances, which is not expected to produce much positive impact any more.  Cashback has already proved more efficient in terms of cost of user acquisition, albeit it is still slow.  Other product updates linked to the distribution are still in the making but not certain enough to speak about them now, I expect more certainty in the middle of November.
Agreed, the efficiency of the airdrop decreases. It takes more people to fill the coin with value through their work.
...but they need a reward
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