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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1164932 times)
cryptocratic
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November 08, 2017, 01:32:39 PM
 #14941

Now I understand the comparison with snowball. The farther it crashes the heavier it becomes to lift back up.
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IckyYak22871
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November 08, 2017, 01:48:26 PM
 #14942

GBYTE value is decreasing day by day ?

If airdrops are over, expect it to crash hard, because many people were holding bytes just to get more every month, and now they will all dump, which is not bad, because those who really want to use byteball have a chance to get more bytes for cheap.
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November 08, 2017, 02:32:24 PM
Last edit: November 08, 2017, 03:21:48 PM by barborrico
 #14943

Seriously Tony, if you are planning january airdrop, you should do it only over wallets which did not move any single coin since received them

~ and should stabilize price, which is crucial if you want byteball to be a currency.
You're contradicting yourself: to be a currency, it should be used. If you're only holding instead of spending, it's not a currency.
Fully agree.
Pointless to give something which is not usable at all. Then u will have full pockets of coins which are worthless.

Do you want to encourage spending? Then it is easy: no airdrop and cashback only if you pay on bytes.

Do you want to encourage spending, reward true believers on bb and distribute coins faster while stabilizing price? Then it is easy: airdrop for coins held since distro (excluding ico wallets) or cashback.
This option will drive price up thus attracting attention.

Simple, man.

EDIT: if the purpose of free distribution is getting more users, then:
1. Cut airdrop to btc and byte holders.
2. Cashback program is fine for that purpose as it is now.
3. Free amount of bytes:
  -  by installing wallet and linking with phone number (or any other anticounterfeit method)
  -  by doing social actions.
4. More marketing.

Let there be light!
kola-schaar
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November 08, 2017, 03:05:52 PM
 #14944

I also agree the "ceased" distribution is concerning. So much uncertainly. Uncertainty = low price... read any stock book.

I could understand giving a clear plan now. To leave so much up in the air is unwise and spooks large holders.

My whole problem with ICO type coins (like this, suddently) is that the dev controls too much supply.

Price dump right ahead of this news = Insider trading? Not accusing dev of anything, but it is suspicious...

Oh well, it will all work out if dev keeps at the genius ideas buried here...
This is not an insider pump. Byteball has rock-hard big holders and a lot of enthusiastic fans who are not just looking for a quick profit (Byteball is tech sexy and has a nice nerd factor).
So even a relatively small demand leads to sharply rising prices.
No dump happens in the top 100: Before the 10th distribution, 35% of the distributed bytes were aggregated in the Top 100 (30% in the top 50 alone).
After the 10th distribution, 39% can be found in the top 100 (33% in the top 50).

The dump after the distribution is happened because some people participate with borrowed money, to increase their profit. They need a quick refinance, but since there is a lack of demand after the distribution, the price always maks a dive - > panic -> dump
This looks dramatic in the chart and creates depressive mood, but here act small traders with small traders (At the top, only .5% of the capitalization is traded), one fool is fooling the other Smiley
Byteball's ecosystem is still a pond, a whale can’t move here without displacing all water:) + kill his investments / free money -maybe in 3 years.

The rapid increase this year, unfortunately, makes for completely excessive expectations. Nobody remembers the years before:


In face of this charts, I also dealt with the TC-ICO. I thought some diversification towards real world investment could not hurt.
Back to Byteball:
Byteball is where BTC was 4 years ago.
The distribution must be slowed down and gentle phased out - it has served its purpose (i.e. 20% interest a year should be enough to pay for the loyalty.)
In other words, it makes no sense to pour gasoline into the fire when everyone is already blinded and primarily zombies will attracted..
Every major investor will also realize that the negative side-effects should not exceed interest rates given by the distribution.
In this regard, Tony only secures the existing investment and ensures continuous development.

Now that Byteball is well known, we need active people who initiate the real world transformation and attract people outside of the Cryptocosmos.
A high interest rate for the merchants and developers would probably be also effective here.
This will not bring the fast breakthrough, but it increases the chances of finding stronger real world partners and awareness (Headline "Mysterious nerd currency is spreading") In addition, we can learn a lot to harden the technology..
I would even say that Byteball could become a very strong brand, if we find good partners and handle things carefully and strategically. Byteball has a certain authenticity and stands out from the crowd. Byteball is what BTC used to be – it’s avant-garde.
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November 08, 2017, 04:31:02 PM
 #14945

Our web site is partially translated into several languages:

Russian: https://byteball.org/index.html.ru
Chinese: https://byteball.org/index.html.zh
Japanese: https://byteball.org/index.html.ja

Please contribute to translations through crowdin: https://crowdin.com/project/byteball-web

Simplicity is beauty
tyz
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November 08, 2017, 06:16:19 PM
 #14946

You should consider to let the web page translate into German as well. Germany, Austria and Switzerland have a fast growing community of crypto investors and Byteball has covered positively in several influential blogs. Maybe you should take a part of the airdrop stake to spend for bounties like translating the web page or to build up and promote the Byteball wiki.

Our web site is partially translated into several languages:

Russian: https://byteball.org/index.html.ru
Chinese: https://byteball.org/index.html.zh
Japanese: https://byteball.org/index.html.ja

Please contribute to translations through crowdin: https://crowdin.com/project/byteball-web

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November 08, 2017, 06:32:02 PM
 #14947

is there a market for blackbytes? I saw only byte trading in exchanges...
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November 08, 2017, 07:05:35 PM
 #14948



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November 08, 2017, 08:01:32 PM
 #14949

is there a market for blackbytes? I saw only byte trading in exchanges...

https://byteroll.com/blackbytes#bots

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
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November 08, 2017, 08:28:28 PM
 #14950

Here is a unsolicited review of trading on Cryptochangex.com , s1lverbox new Exchange:

 I had some time to test the new exchange Cryptochangex.com yesterday and I have to say it is razor sharp!
First of: what the fuck is Bittrex doing? When I sent Byteball to Cryptochangex (CCX) I was expecting transaction times like on Bittrex. Wrong! While I was looking for a refresh button after I did sent GB to CCX (there isn't any) the GB instantly appeared. Byteball for the win and wonderful implementation! Bittrex is severly misrepresting the speed that is potential in Byteball. You have to make an account just to witness this alone. It is an eyeopener.

Who doesn't think the graphs at Bittrex suck bad? On CCX you are trading straight in a full screen graphing environment. This is candy for trading!
Now I did say CCX is razor sharp, well it cuts both ways: When you have entered your amount and price and click buy/sell you get instant execution! It means there will not be another screen that tells you your order and you have to reconfirm - NO - Boom! You got it, no offer will slip away because someone else bought while you had to reconfirm.
This cuts both ways because you have the risk of doing a so called "fat finger trade". Imagine you missplaced a Comma! (I actually did that one time in the wallet Exchange :cold_sweat: ). Perhaps at some point CCX will have OPTIONAL fat finger protection. Meanwhile the exchange looks and feels like a daytraders wet dream. From traders for traders. Currently there is little Volume there and I got some good deals with arbitrage and owning both sell and buy wall and earning on the spread. I will certainly take my trades there and hope more Volume and Fiat deposits will arrive soon. It is unfortunate that CCX is not yet listed on Coinmarketcap (CMP) as Byteball marketplace and I hope that a json API will be available so the Volume can be sent to CMP. Sofar it is not listed in the CCX knowledgebase.
Another bonus is the low fee for transaction and withdrawing crypto.

Disclaimer: I have no stake in CCX and have not been paid for this review.

don't let me make you question your assumptions
Dr_Voidberg
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November 08, 2017, 09:10:11 PM
 #14951


Nice video!
sailthor
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November 08, 2017, 09:13:49 PM
 #14952

is there a market for blackbytes? I saw only byte trading in exchanges...
You can use the bots in the wallet chat section

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November 08, 2017, 11:32:22 PM
 #14953

In terms of byteball airdrops and effect on price I would expect that skipping the airdrop for a particular month, equating to less supply that month, should tend to boost the price, just by normal supply versus demand dynamic, although that didn't seem noticeable in the last skipped air drop month.

I can imagine that 'slow' dripping of byteball into the market by these airdrops though, is prolonging  uncertainty and aggravated by the fact that Tony has ultimate control over when to airdrop and when not to and to change the rules at his whim. This airdropping is the equivalent of central banks tinkering with money supply and no different here really.

Part of me, in a very gung ho way, would like to just dump all the byteball onto the market in one huge load to byteball holders according to the amount of bytes they hold (not bitcoin holders), without pre-announcing it. This unexpected windfall would cause huge waves. But at the same time, in one quick shot remove all the prolonged uncertainties about distribution. Like ripping a plaster off quick is better than peeling off slowly.

Thats what I'd like, then we can get on with using byteball.


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November 09, 2017, 12:29:30 AM
 #14954

Does somebody know if there will be a airdrop this month?

Or will we skip this one?

SKYWAY New Generation of world transport system
Over 400 Billion $ estimated value of intellectual property | At 10th stage of development | 1000% and more possible
Website | Video | Businessplan | Broschure | Register | Sign up & Invest now
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November 09, 2017, 12:30:41 AM
 #14955

Btw: Thanks for the last airdrop  Smiley

I like this Coin  Grin Grin

SKYWAY New Generation of world transport system
Over 400 Billion $ estimated value of intellectual property | At 10th stage of development | 1000% and more possible
Website | Video | Businessplan | Broschure | Register | Sign up & Invest now
mr.t352
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November 09, 2017, 12:35:54 AM
 #14956


solo solo. Anyway, this project is very interesting, which has huge potential for future developments. Good luck, guys.
sailthor
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November 09, 2017, 02:26:20 AM
 #14957

I did not receive my blackbytes for the last drop, same with anyone else?

mp5navy16
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November 09, 2017, 02:41:24 AM
 #14958

totally dump coin.  Huh
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November 09, 2017, 05:47:22 AM
 #14959

Any ideas on the fix?

Uncaught exception: Error: Error: SQLITE_CORRUPT: database disk image is malformed SELECT MAX(lb_units.main_chain_index) AS min_retrievable_mci FROM units JOIN units AS lb_units ON units.last_ball_unit=lb_units.unit WHERE units.is_on_main_chain=1 AND units.is_stable=1


sinner
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November 09, 2017, 07:08:07 AM
 #14960

In terms of byteball airdrops and effect on price I would expect that skipping the airdrop for a particular month, equating to less supply that month, should tend to boost the price, just by normal supply versus demand dynamic, although that didn't seem noticeable in the last skipped air drop month.

I can imagine that 'slow' dripping of byteball into the market by these airdrops though, is prolonging  uncertainty and aggravated by the fact that Tony has ultimate control over when to airdrop and when not to and to change the rules at his whim. This airdropping is the equivalent of central banks tinkering with money supply and no different here really.

Part of me, in a very gung ho way, would like to just dump all the byteball onto the market in one huge load to byteball holders according to the amount of bytes they hold (not bitcoin holders), without pre-announcing it. This unexpected windfall would cause huge waves. But at the same time, in one quick shot remove all the prolonged uncertainties about distribution. Like ripping a plaster off quick is better than peeling off slowly.

Thats what I'd like, then we can get on with using byteball.

Completely agree.  Finish the distribution.  Accept the fact that price will be temporarily depressed.  Then moonshot begins  Cheesy

Does somebody know if there will be a airdrop this month?

Or will we skip this one?

Tony said we skip December:

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.

do small airdrop on ETH that's only redeemable via transition bot for, say, a month or two.
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