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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216660 times)
kola-schaar
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November 09, 2017, 01:10:33 PM
 #14961

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.

I had already put forward similar proposals (distribution in the direction of Ethereum for better spread effect and / or faster drop the remaining bytes to take the uncertainty).
The whole thread is full of alternative suggestions – it’s ok.
In fact, there are very strong concerns about fundamentally changing the rules(distribution exclusively to BTC & Byteball, distribution to 98%).
In fact, the negative, the positive effects could surpass or in other words:
If you are not sure if a solution is better, you better stick to the old one or “never change a running system”

So Tony adjusts the rules only gradually (according to the given framework) to the market situation or the requirements.
He changes the interest rate and possibly also the number of distributions per year.
In effect, he only controls  the speed of distribution (and the amount of inflation in the Byteball ecosystem).
Monetarily it does not matter to owners whether Tony performs a distribution of 20% per annum or monthly distributions of 1.53% (or every 2 months with 3.05%) because of the compounding effect.

He must be careful with the liquidity. The effect is like carbon dioxide (CO2) in nature:
*too little CO2 -> no growth in plants in the ecosystem .. no animals etc.
*too much CO2 -> Toxic effect occurs  -> mass extinction
Liquidity (CO2) is pumped into the ecosystem through the distributions and must first be stored by the holders until it can be meaningfully utilized by business.
The system must find it's balance. The more plants (business) there are in the ecosystem, the more CO2 (liquidity) the system can handle.
The function of the holders is therefore to tie up capital at an early stage so that the liquidity does not become toxic.
The real harvest season has come when the system demands more than Tony provides.

Yes, Tony is currently God and central bank in the Byteball ecosystem.
That's not nice. However, one can assume that this is not fun for him:
*He originally wanted to dump all 98% in four rounds onto the market.(..which was not possible because the participation was too low. )
*The central bank role violates his motto "simplicy is beauty"
*The distribution takes time, which he does not have and one usually reaps criticism
So I'm assuming that he will end this state as soon as possible.
Long story short: Things are currently complicated, but will become easier. There is no patent solution

I think Tony had thought of his role quite differently (more passive in background like SN).
But things are as they are … and they are not bad.
When the distribution started Christmas, I never imagined we having an ICO on Byteball in November. Smiley
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November 09, 2017, 01:57:39 PM
 #14962

I also think it would be fine to airdrop ETH holders
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November 09, 2017, 02:06:24 PM
 #14963

I also will try to exchange my GBB with GB. I want to keep GB continuously even I don't want to make any transaction at the moment. I also am looking for the update on next distribution whether it be carried out or postponed for next month. Lot of things are being built which will bring value in future for sure with the increase of demand.
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November 09, 2017, 03:25:03 PM
 #14964

I also will try to exchange my GBB with GB. I want to keep GB continuously even I don't want to make any transaction at the moment. I also am looking for the update on next distribution whether it be carried out or postponed for next month. Lot of things are being built which will bring value in future for sure with the increase of demand.

You can sell your GBB on http://www.beeb-bot.com

Byteball payment gateway for web merchants https://byteball-for-merchants.com/ - BEEB  (Blackbytes Exchange Bot): https://www.beeb-bot.com/ (closed)
Network map, stats, Top Richests and Byteball world map at https://byteball.fr/ (closed) - Hub operator featuring the cashback witness https://byteball-cashback-witness.com (closed)
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November 09, 2017, 03:55:04 PM
 #14965

Does Smb knows, whether this team has experience?
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November 09, 2017, 03:57:43 PM
 #14966

Does Smb knows, whether this team has experience?

experience in what? in developing this coin / tool / project? yes, a lot of things have been done since the beginning of byteball.
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November 09, 2017, 04:07:28 PM
 #14967

Hi,

Could anyone help/advise about the byteball wallets -

I installed the mobile wallet and decided to import the seed from the desktop, but saw a warning not to clone the wallet and if proceed stop using the wallet with the same seed  Huh

So the question is if it is possible to access the same wallet/address from the different devices (at least not simultaneously, but in turn), ie use the mobile client on the go and then switch to the desktop one when get back home.
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November 09, 2017, 05:48:12 PM
 #14968

So the question is if it is possible to access the same wallet/address from the different devices (at least not simultaneously, but in turn), ie use the mobile client on the go and then switch to the desktop one when get back home.
You're gonna corrupt your blackbytes if you do this.

What you need, is a multisig wallet: 2 devices, 1 needed to sign. You can set it up from your existing wallet by adding a new 1-2 wallet, then pair with the other device, transfer a small amount to test, and once it works: transfer everything.

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November 09, 2017, 07:24:57 PM
 #14969

So the question is if it is possible to access the same wallet/address from the different devices (at least not simultaneously, but in turn), ie use the mobile client on the go and then switch to the desktop one when get back home.
You're gonna corrupt your blackbytes if you do this.

What you need, is a multisig wallet: 2 devices, 1 needed to sign. You can set it up from your existing wallet by adding a new 1-2 wallet, then pair with the other device, transfer a small amount to test, and once it works: transfer everything.

last time i have tried to recover from seed and i don't see my blackbytes . Do I have lost them or what ?
I got some strange messages.
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November 09, 2017, 07:35:59 PM
 #14970

Interview with Anton Churyumov and how blockchain enables trust
Quote
One could rephrase the famous quote about statistics and say “There are three kinds of scams: scams, downright scams, and ICOs”.

With this quote in mind, may I remind all the people who are complaining about the airdrop that Tony never made any promises, never asked for money, and only gives away a great product and money for free?

last time i have tried to recover from seed and i don't see my blackbytes . Do I have lost them or what ?
Blackbytes are anonymous, the seed doesn't restore them, use the backup-feature in the wallet.

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November 09, 2017, 10:15:41 PM
 #14971

Interview with Anton Churyumov and how blockchain enables trust
Quote
One could rephrase the famous quote about statistics and say “There are three kinds of scams: scams, downright scams, and ICOs”.

With this quote in mind, may I remind all the people who are complaining about the airdrop that Tony never made any promises, never asked for money, and only gives away a great product and money for free?

last time i have tried to recover from seed and i don't see my blackbytes . Do I have lost them or what ?
Blackbytes are anonymous, the seed doesn't restore them, use the backup-feature in the wallet.

Does this mean that every time I receive Blackbytes I have to do a full backup? If I will recover from seed, will I have 0 blackbytes?
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November 09, 2017, 10:23:24 PM
 #14972

Unfortunately yes, you need to backup after every blackbytes transaction.
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November 09, 2017, 10:36:05 PM
 #14973

I also will try to exchange my GBB with GB. I want to keep GB continuously even I don't want to make any transaction at the moment. I also am looking for the update on next distribution whether it be carried out or postponed for next month. Lot of things are being built which will bring value in future for sure with the increase of demand.

You can sell your GBB on http://www.beeb-bot.com

This resource can be trusted? First time I see that somewhere it is possible to sell blackbytes, except in wallet with the help of bot.

.SPECTRE.                ▄▄███▄▄
            ▄▄███▀▀▀▀▀███▄▄
▄▄      ▄▄███▀▀ ▄▄███▄▄ ▀▀███▄▄      ▄▄
████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
  ▀▀████▄    ▀▀█████████▀▀    ▄████▀▀
 ██▄▄ ▀██ █▄▄    ▀▀▀▀▀    ▄▄█ ██▀ ▄▄██
 ▀▀███ ██ █████▄       ▄█████ ██ ███▀▀
      ██ ███████▄   ▄███████ ██
       ██ ████████   ████████ ██
       ██▄▄ ▀▀████   ████▀▀ ▄▄██
        ▀▀███▄▄ ▀▀   ▀▀ ▄▄███▀▀
            ▀▀███▄▄▄▄▄███▀▀
                ▀▀███▀▀
             │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
.
PRE-SALE.
PUBLIC SALE.
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November 09, 2017, 11:16:17 PM
 #14974

Interview with Anton Churyumov and how blockchain enables trust
Quote
One could rephrase the famous quote about statistics and say “There are three kinds of scams: scams, downright scams, and ICOs”.

With this quote in mind, may I remind all the people who are complaining about the airdrop that Tony never made any promises, never asked for money, and only gives away a great product and money for free?

last time i have tried to recover from seed and i don't see my blackbytes . Do I have lost them or what ?
Blackbytes are anonymous, the seed doesn't restore them, use the backup-feature in the wallet.

Does this mean that every time I receive Blackbytes I have to do a full backup? If I will recover from seed, will I have 0 blackbytes?

Yes.
Best way to be safe is to use a multi-device wallet, then each time you receive blackbytes the private data are replicated among all your devices.

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Obyte Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
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November 09, 2017, 11:17:25 PM
 #14975

I also will try to exchange my GBB with GB. I want to keep GB continuously even I don't want to make any transaction at the moment. I also am looking for the update on next distribution whether it be carried out or postponed for next month. Lot of things are being built which will bring value in future for sure with the increase of demand.

You can sell your GBB on http://www.beeb-bot.com

This resource can be trusted? First time I see that somewhere it is possible to sell blackbytes, except in wallet with the help of bot.

This one uses a bot too, it was the first blackbyte exchange launched.

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Obyte Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
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November 09, 2017, 11:48:28 PM
 #14976

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.

I can understand that you want to remove the airdrop because it does not acquire new users anymore. However I think you should be careful not to lose existing users because of this. I think the majority of Byteball users are "people who have the wallet installed but are not using it often", as the Byteball economy is still in infant stage.

BUT these users are coming back on a regular basis because of the airdrops. They read this thread, the slack, the website, update their clients and such. The airdrops have been a big event that brings the Byteball community together at regular intervalls. Thats why the TitanCoin preICO was started at the airdrop date, because most people would notice it. It would be a waste to lose the conditioning of the Byteball userbase and the full moon meme that was so costly acquired.

So I urge you not to skip december airdrop or atleast have a replacement event. We already saw interest fainting when the last airdrop was skipped. There are lots of bling bling coins and christmas time coming up. For the average user its super easy to totally forget about your Byteball installation during two months if nothing is happening.

Well, sooner or later the airdrop will HAVE to stop anyway, when all coins will be distributed, and THEN if we continue with the old distribution method we would have a catastrophic landing. That landing we have already had, partially, in the past 2 months, as the people interested only in the airdrop has dumped. Now much better to use the remaining coins to be distributed to enlarge the adoption base, which is the only thing which can give more value to the coin long term.

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November 10, 2017, 02:08:47 AM
Last edit: November 11, 2017, 04:48:18 AM by NickCrypto
 #14977

Great Chart Gallery of Byteball Bytes on BitScreener

https://bitscreener.com/coins/byteball/chart_gallery


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November 10, 2017, 02:36:46 AM
 #14978

Hey Guys! Can anybody help me? Just looked in my Byteball wallet and saw that I havent received my blackbytes yet but my Gbytes... Always used the same address and hadnt any problems in the past airdrops. What can I do?

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November 10, 2017, 05:40:47 AM
 #14979

Hey Guys! Can anybody help me? Just looked in my Byteball wallet and saw that I havent received my blackbytes yet but my Gbytes... Always used the same address and hadnt any problems in the past airdrops. What can I do?
Got the same issue!
https://bitcointalk.org/index.php?topic=1608859.msg24273995#msg24273995

I've sent a message to Tony, no reply yet.

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November 10, 2017, 06:45:23 AM
 #14980

Ahh oki, so it seems that i am not the only one with this issue. Please let me know once you heard anything from tony Smiley I am sure he will respond when he has time, because tony roxx Cheesy

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