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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1164913 times)
Bacotan Bae
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November 14, 2017, 08:51:06 AM
 #15081

Get ready boys, it's beginning, let's see how many of you are eager to dump.

Let's see, I bought in June when the price of $ 285, and soon will be achieved, I still be patient not to sell GBYTE and still optimistic that one day the price will reach $ 1000. And Let's pump Byteball to reach $ 1000 immediately.


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November 14, 2017, 09:20:15 AM
 #15082


You bet against the market (binaryballs.com makes the counterpart as a market maker).

So, basically I bet against you, right? Could you be a little more transparent on how you calculate payoff? From what I see, you offer to make 1Gb bet against yours 0.8Gb. This seems to be pretty high house edge. Most bitcoin casinos offer like 0.5% house edge.


You can say that yes. It is not a casino. The payout rate varies function of the choosen market and the active contracts on that market. For example if there is a need to cover on a pair because there are a lot of "down" contract you may expect to see a 95% net return or even more on a "up" contract.

You should make a thread promoting this website in the Gambling section.

We are always in need of a good binary options website.

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Freefactomizer
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November 14, 2017, 11:20:29 AM
 #15083

Now, we still have 0 trusted registries on the default hub byteball.org and the assets in the wallets are still cryptic hashes.  My proposal is that we elect 1 or 2 registries to start with.  We already have a poll bot and can put it to use here.  If this sounds like a good idea, let's start with nominations.

I would like to candidate to become registrar. I got some ideas for features to be built on top this service, I need a few days to define and present the project.

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Byteball Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
IckyYak22871
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November 14, 2017, 01:35:01 PM
Last edit: November 14, 2017, 01:58:07 PM by IckyYak22871
 #15084

I am not against a house edge, it is absolutely fair to charge a fee for providing service, but your house edge seem to be pretty high to me. That is why I am asking to provide more details on how exactly you calculate payouts and how much you keep for yourself.

Blockchain (or DAG) based business is all about transparency. Without transparency why bother about these technologies?
You keep using "house edge" as if this was in relation to casino gambling... You are using the wrong term. It is NOT a house edge. A house edge is the theoretical "edge" that the house has based on mathematically provable probabilities over an infinite series of events.



You can call it whatever you want, a service which this guy promotes is gambling, and I need to know my odds before I get into the game, and my odds directly depend on a fraction of my prize which service provider takes from me (aka a house edge).

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November 14, 2017, 02:18:16 PM
 #15085

I am not against a house edge, it is absolutely fair to charge a fee for providing service, but your house edge seem to be pretty high to me. That is why I am asking to provide more details on how exactly you calculate payouts and how much you keep for yourself.

Blockchain (or DAG) based business is all about transparency. Without transparency why bother about these technologies?
You keep using "house edge" as if this was in relation to casino gambling... You are using the wrong term. It is NOT a house edge. A house edge is the theoretical "edge" that the house has based on mathematically provable probabilities over an infinite series of events.



You can call it whatever you want, a service which this guy promotes is gambling, and I need to know my odds before I get into the game, and my odds directly depend on a fraction of my prize which service provider takes from me (aka a house edge).



I don't know how you calculate the fees but at this time I see a return rate of 94% offered on a down BTC contract. It seems to be the best payout of the all binary options market.

https://binaryballs.com/trade/
HCP
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November 14, 2017, 02:28:45 PM
 #15086

You can call it whatever you want, a service which this guy promotes is gambling, and I need to know my odds before I get into the game, and my odds directly depend on a fraction of my prize which service provider takes from me (aka a house edge).
So how would you do that with a sports betting website in a situation like this? Huh

For instance, current value on Nitrogen Sports for Pittsburgh Steelers vs. Tennessee Titans:

Pittsburgh: 1.341
Tennessee: 3.553

Nitrogen don't say "we take 5% Commission on payouts" or anything like that... They factor in a spread on the various lines...

So I guess you'd work it out the same way with Binary Balls...

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November 14, 2017, 02:59:35 PM
 #15087



BEEB - Blackbytes Escrow Exchange Bot - Daily report.

TOTAL FOR SALE: 475 914 MBB   
Last 24h traded vol: 666 552 MBB   
Current Best Ask: 0.0284 MB/MBB   
Current Best Ask vol: 100 MBB



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)
Adriano2010
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November 14, 2017, 03:05:59 PM
 #15088

How many bytes i need to have to be 1Gigabyte? I have some bytes but i need to know to buy the difference until i get 1GB.

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November 14, 2017, 03:14:45 PM
 #15089

How many bytes i need to have to be 1Gigabyte? I have some bytes but i need to know to buy the difference until i get 1GB.
Where on Earth do you live?  You have never heard of the metric system?  Does this ring a bell?



giga = 109 = 1,000,000,000

Wherever you got your "education" you need to go and immediately demand a refund.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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November 14, 2017, 03:22:24 PM
 #15090

How many bytes i need to have to be 1Gigabyte? I have some bytes but i need to know to buy the difference until i get 1GB.
Where on Earth do you live?  You have never heard of the metric system?  Does this ring a bell?



giga = 109 = 1,000,000,000

Wherever you got your "education" you need to go and immediately demand a refund.

Thanks for your your info. I know about MB and GB from CD and DVD and there 1024 MB=1GB and i not was sure if 1.000.000.000 bytes is 1 GB or 1.024.000.000 is 1GB.

https://www.quora.com/Is-1-GB-equal-to-1024-MB-or-1000-MB

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November 14, 2017, 03:33:22 PM
 #15091

Ah, that is a much more interesting question.  If the author wanted to use the binary SI prefix as opposed to decimal SI prefixes then they should have used gibi instead of giga.  But, not everyone is aware of this or does it consistently:



BTW 1 gibibyte = 230 = 1,073,741,824, not 1,024,000,000 [1 GiB is 1,024 x 1 MiB which is 220 = 1,048,576]

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
IckyYak22871
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November 14, 2017, 03:42:32 PM
 #15092

You can call it whatever you want, a service which this guy promotes is gambling, and I need to know my odds before I get into the game, and my odds directly depend on a fraction of my prize which service provider takes from me (aka a house edge).
So how would you do that with a sports betting website in a situation like this? Huh

For instance, current value on Nitrogen Sports for Pittsburgh Steelers vs. Tennessee Titans:

Pittsburgh: 1.341
Tennessee: 3.553

Nitrogen don't say "we take 5% Commission on payouts" or anything like that... They factor in a spread on the various lines...

So I guess you'd work it out the same way with Binary Balls...

If the binary balls guy shows a table with the history of bets (including current ones), that will do. This is what crypto dudes claim all the time: we are better than traditional "blah-blah", because we are so transparent. Then be transparent, or remove your claims.
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November 14, 2017, 05:40:56 PM
 #15093

there 1024 MB=1GB and i not was sure if 1.000.000.000 bytes is 1 GB or 1.024.000.000 is 1GB.

I hate to pile on, but you are absolutely incorrect in your claim that there are 1024 MB in 1 GB. Relying on non-authoritative websites for your source of truth does nothing to resolve the error.

The SI system was devised ages ago, and is universally used as the measure of such things. The prefix G or giga always denotes 10^9.

Some time ago, lazy programmers noted that 2^10 is kinda sorta approximately equal 10^3. So they started sloppily referring to 2^10 as kilo, 2^20 as mega, etc. But this has introduced error and ambiguity where none is warranted. And this ambiguity has killed.

If you mean 2^30, then the proper prefix is Gi or gibi. The scientific and engineering standards communities are universally aligned on this point. Or to make it concrete for you, 1024 MiB = 1 GiB.

https://en.wikipedia.org/wiki/Binary_prefix and while WikiPedia is only quasi-authoritative, they provide more explanation that truly authoritative sites such as the National Institute of Standards and Technology: https://physics.nist.gov/cuu/Units/binary.html

And for the love of all that is holy, stop misusing SI prefixes. Before they kill again.

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November 14, 2017, 06:28:04 PM
 #15094

I would like to know if is there an official chat? is there only telegram group or also slack, discord? Huh
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November 14, 2017, 06:32:14 PM
 #15095



BEEB - Blackbytes Escrow Exchange Bot - Daily report.

TOTAL FOR SALE: 475 914 MBB   
Last 24h traded vol: 666 552 MBB   
Current Best Ask: 0.0284 MB/MBB   
Current Best Ask vol: 100 MBB



I just wanted to follow up on this since it is a great bot and a very good addition to the whole Byteball ecosystem. Lately, I see there's some traction on the exchanges and that may start GB engine once again. Hopefully the way up is building in a more consistent way.

I am not interested in preserving the status quo; I want to overthrow it. Niccolò Machiavelli
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November 14, 2017, 06:50:48 PM
 #15096

Hi guys. I am little tired of splitting blockchains and panics around it. Don't get me wrong, I love the blockchain technology, but this mess around is bad. So I have looked for other options for future investment with little diferent technology and I found Byteball with DAG. And I am impressed. No miners? Fast transaction? Conditional payments? No blockchain? And that is not end....Is it really true?
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November 14, 2017, 07:13:35 PM
 #15097

Hi guys. I am little tired of splitting blockchains and panics around it. Don't get me wrong, I love the blockchain technology, but this mess around is bad. So I have looked for other options for future investment with little diferent technology and I found Byteball with DAG. And I am impressed. No miners? Fast transaction? Conditional payments? No blockchain? And that is not end....Is it really true?

Byteball is evolving super fast, each month you check here and something new happens. This month we already got real life merchants (https://byteball.org/milan/), and a real world company raising money (https://titan-coin.com/en/) using Byteball assets.
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November 14, 2017, 07:16:58 PM
 #15098

I would like to know if is there an official chat? is there only telegram group or also slack, discord? Huh

Yep. https://byteball.slack.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 14, 2017, 07:22:25 PM
 #15099

No miners? Fast transaction? Conditional payments? No blockchain? And that is not end....Is it really true?

Yes everything works as expected in whitepaper.

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Byteball Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
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November 14, 2017, 07:26:59 PM
 #15100

It is sad that the byteball slack continues to be closed to new members unless they manually request an invitation. I know that there are scams but closing it off stifles community growth imho. The OP is also misleading in that it links to the slack for information when it is closed to new members (the average OP reader).

Also if you haven't done so change your wallet hub to byteball.fr/bb (instructions) so we can start decentralizing the witnesses!
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