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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216764 times)
Sam123
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November 23, 2017, 05:22:51 PM
 #15301

Australia, here we come! Smiley

Byteball Bytes can now be bought and sold within Australia on Australians leading cryptocurrency trading site CoinSpot.

Please retweet: https://twitter.com/cryptkeeperbtt/status/933593316393914368

 Cheesy  Cheesy  Cheesy

Nice to see Byteball on CoinSpot
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s1lverbox
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November 23, 2017, 06:50:27 PM
 #15302

Daily volume again around 29+Gbyte




Orderbook looks thin. But we have some buyers and sellers.



If you have some bytes to sell and you not on rush just place you bid or ask and see. Who knows it might get filled.

yesterday we had over 36Gb traded within 24h.
Just click my signature or follow this link: https://cryptochangex.com
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November 23, 2017, 07:18:58 PM
 #15303

Hey, something happened. I opened my byteball wallet after a long period of silence. Now it asks that "do I want to download the whole database" or "keep only data relevant to me".
Does this mean that my old wallet is lost in oblivion?
I can't find the byteball folder in the roaming folder.

I should have a full backup somewhere but I don't have any idea what should I be looking for...

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November 23, 2017, 07:40:52 PM
 #15304

Hey, something happened. I opened my byteball wallet after a long period of silence. Now it asks that "do I want to download the whole database" or "keep only data relevant to me".
Does this mean that my old wallet is lost in oblivion?
I can't find the byteball folder in the roaming folder.

I should have a full backup somewhere but I don't have any idea what should I be looking for...

I found the original byteball folder (located in local-folder) but I get this error message and the program closes:
https://i.imgur.com/ZZr7Bod.jpg

What kind of backup does the byteball create? What file name, where is the default location etc.

rigel
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November 23, 2017, 08:29:02 PM
 #15305

Please, help me!

I can no longer send blackbytes; everytime I try I get an error message about conflicting spending.

What can I do?
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November 23, 2017, 09:00:49 PM
 #15306

Australia, here we come! Smiley

Byteball Bytes can now be bought and sold within Australia on Australians leading cryptocurrency trading site CoinSpot.

Please retweet: https://twitter.com/cryptkeeperbtt/status/933593316393914368

 Cheesy  Cheesy  Cheesy

Nice to see Byteball on CoinSpot

This is important. Most of the volumes until now were on Bittrex. If you were uncomfortable using Bittrex as an exchange, then you had almost no means to buy GBs, Additional exchanges supporting Byteball is important to improve liquidity.


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November 23, 2017, 09:29:33 PM
 #15307

Won't be going to hub.berlin as Tony is also going to Bitcoin Wednesday in Amsterdam the week after, on Dec 6, which is much closer for me, and cheaper! Wink 

He is giving a Byteball presentation there, and we can maybe organise something before or after for the byteball fans as well? Smiley Ideas welcome!

Who is coming to Bitcoin Wednesday in Amsterdam on Dec 6?

I'll be there, drop me a PM if you want to meet up earlier!

=P
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November 23, 2017, 10:22:55 PM
 #15308

I am a byteball investor and while I think the tech is very interesting I also have a few doubts.

Firstly in the distribution I see a danger that faith in this project could start to evaporate. By tinkering endlessly with the distribution this causes uncertainty for investors. Investors don't like uncertainty. Compared to say bitcoin in which new coins enter circulation at a predetermined rate. Here it just depends on the whim and fancy of the dev when he decides to do an air-drop. No offence Tony. But the initial promise was to distribute every full moon until 98% are in circulation. This has obviously not been kept which makes one wonder what else can be trusted.

My other reservation is my more serious concern which is in terms of the witnesses. As I understand it witnesses of which there are only 12 in all, are owned by Tony and will collect majority of the fees for the whole network. Obviously Tony will not be trusted to run all the witnesses for ever. How does one become a witness? As a thought experiment imagine if byteball becomes a huge success displacing bitcoin and becoming a real global payments system.  Who will be the witnesses gathering all that phenomenal amount of fees? Will there still be only 12? Will users be happy that all their fees are centralised to so few witnesses?

Perhaps someone can put to rest some of my doubts. Thanks

confirmed your post!

about trustless i wrote many times- but people have agression on this replic...
tony want to find the other way for a more populisation, but asolutly forgot about Holders who dont give a price go away to the Deep

12 witnesses its other part of a Grail- thats may be a bad step in future for future investors

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November 23, 2017, 10:47:50 PM
 #15309

I just wish i understood how blck bytes worked it bit better, I get  its anonymous but is there a reason it cant go on exchanges?

It is already on some decentralized bot store exchanges. Why black bytes are not listed on CoinMarketCap is beyond me. I feel this is absurd as blackbytes are one of the only truly fungible coins existing.

It's very hard to monitor something untracable - so private, exchanges can't program deposits or withdrawals without doing it manually.
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November 24, 2017, 01:53:01 AM
 #15310

Won't be going to hub.berlin as Tony is also going to Bitcoin Wednesday in Amsterdam the week after, on Dec 6, which is much closer for me, and cheaper! Wink 

He is giving a Byteball presentation there, and we can maybe organise something before or after for the byteball fans as well? Smiley Ideas welcome!

Who is coming to Bitcoin Wednesday in Amsterdam on Dec 6?

I'll be there, drop me a PM if you want to meet up earlier!

Now I'm getting seriously envious, had I known it with more advance I'd booked a little jump there - Byteball is so far my favorite platform and I would not have missed such an event!

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November 24, 2017, 01:59:40 AM
 #15311

12 witnesses its other part of a Grail- thats may be a bad step in future for future investors
I think it's not that bad, since they can be chosen and replaced by the community.

⚪ Byteball     ❱❱❱     I T   J U S T   W O R K S .    ❱❱❱
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November 24, 2017, 06:31:04 AM
 #15312

12 witnesses its other part of a Grail- thats may be a bad step in future for future investors
I think it's not that bad, since they can be chosen and replaced by the community.

Only one can be chosen and replaced by the community. The rest needs the reigning witnesses consent.

There's essentially a cartel at the moment run by benevolent dictator. Decartelisation is yet to happen when Tonych decides so.

Chancellor on brink of second bailout for banks
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November 24, 2017, 08:23:26 AM
 #15313

12 witnesses its other part of a Grail- thats may be a bad step in future for future investors
I think it's not that bad, since they can be chosen and replaced by the community.

maybe its a not bad, but it s a not fast move and other portion of bad things - big investor may be scared about that nomber of 12(witnesses)
than higher number of witnesses, then more sistems stability

but maybe in future tonych may add other witnesses- who knows..

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November 24, 2017, 08:57:42 AM
 #15314

I have not visited this thread in a long time and wanted to know if keeping the bytes in our wallets is the best thing right now or should we start doing some trading with it? I think there has been a decline in price over the last ten months as I remember the price when I bought was sitting at 0.3 btc now is sitting at 0.03 btc or am I reading something wrong?


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s1lverbox
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November 24, 2017, 09:11:29 AM
 #15315

There is 5Gbytes Bid order for over spot price.
Great arbitrage opportunity.

Just check yourself at : https://cryptochangex.com/markets/gbytebtc
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November 24, 2017, 02:12:47 PM
 #15316

I have not visited this thread in a long time and wanted to know if keeping the bytes in our wallets is the best thing right now or should we start doing some trading with it? I think there has been a decline in price over the last ten months as I remember the price when I bought was sitting at 0.3 btc now is sitting at 0.03 btc or am I reading something wrong?

 Cheesy

Nope, u r reading that right! Smiley

However, u do have to count the free bytes you also got in the meantime to calculate your real returns.

Thanks to all the airdrops past 10 months I would estimate you have double the amount of bytes now, so 0.03 x 2 = 0.06 btc value, for an investment of 0.3 btc.

Still a disaster but you know what they say then in world of investing?

OPPORTUNITY!!! TIME TO DOUBLE DOWN! Wink


Serious though, I've been buying, especially blackbytes, they are ridiculously cheap still.

Check out my presentation about Byteball I recently did if u need some pumptalk  Cool

https://www.youtube.com/watch?v=E16xnZ14S2A&t=2s

Early Bitcoin, Byteball & Bitcoin Cash Investor. Loving Voluntarysm, Lambos & Girls Wink
Check out my: https://youtube.com/user/Marcdemesel - https://twitter.com/marcdemesel & https://instagram.com/marc_de_mesel
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November 24, 2017, 02:43:31 PM
 #15317

I have not visited this thread in a long time and wanted to know if keeping the bytes in our wallets is the best thing right now or should we start doing some trading with it? I think there has been a decline in price over the last ten months as I remember the price when I bought was sitting at 0.3 btc now is sitting at 0.03 btc or am I reading something wrong?

remember were bitcoin was at the time byteball was at 0.3 btc Wink

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November 24, 2017, 02:58:40 PM
 #15318

I have not visited this thread in a long time and wanted to know if keeping the bytes in our wallets is the best thing right now or should we start doing some trading with it? I think there has been a decline in price over the last ten months as I remember the price when I bought was sitting at 0.3 btc now is sitting at 0.03 btc or am I reading something wrong?

 Cheesy

Nope, u r reading that right! Smiley

However, u do have to count the free bytes you also got in the meantime to calculate your real returns.

Thanks to all the airdrops past 10 months I would estimate you have double the amount of bytes now, so 0.03 x 2 = 0.06 btc value, for an investment of 0.3 btc.

Still a disaster but you know what they say then in world of investing?

OPPORTUNITY!!! TIME TO DOUBLE DOWN! Wink


Serious though, I've been buying, especially blackbytes, they are ridiculously cheap still.

Check out my presentation about Byteball I recently did if u need some pumptalk  Cool

https://www.youtube.com/watch?v=E16xnZ14S2A&t=2s

Nice to see you here Marc, love your youtube channel...and lambo Smiley

I have been buying blackbytes in recent weeks but there are two issues I feel stand in it's way towards bigger adoption:
1. Users may not be aware that they should backup their wallet each time they spend blackbytes or else they risk loosing their balance in scenarios such as a wallet restore.
2. It isn't trading on exchanges due to technical limitations which I have not yet fully understood.

Hopefully the first issue can be addressed during a future wallet update.
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November 24, 2017, 03:44:55 PM
Last edit: November 24, 2017, 04:45:23 PM by Marc De Mesel
 #15319

Nice to see you here Marc, love your youtube channel...and lambo Smiley

I have been buying blackbytes in recent weeks but there are two issues I feel stand in it's way towards bigger adoption:
1. Users may not be aware that they should backup their wallet each time they spend blackbytes or else they risk loosing their balance in scenarios such as a wallet restore.
2. It isn't trading on exchanges due to technical limitations which I have not yet fully understood.

Hopefully the first issue can be addressed during a future wallet update.

Thanks btcdee Smiley

1. Agree, this is very unuserfriendly. Not sure how this can be solved. Understood that you can ignore everytime you spend as the ones remaining can be recovered although it's not easy, but after you received u have to do it everytime or u lost them if u have no backup.

2. You can buy blackbytes in the wallet without talking to anyone, just execute orders using freebe exchange bot for example. Ofcourse it would be better if traded on a big centralised exchange, but indeed if you want to do private transactions, not a good idea to buy your coins on a centralised exchange anyway.  


The biggest problem I have with blackbytes is keeping my multidevice wallets synced, my phone is unable to keep up it seems (800 private payments to go ...) so I can't do any blackbyte transactions anymore and probably need to reinstall the wallet there :/


In general Byteball app still has many bugs, it is not ready to be used by the layman, but for a patient motivated user or investor it sure is worth learning, sharing and stashing it.

Value of Blackbytes $10 million is seriously undervalued, even taking it's shortcomings into account. Given a 1% chance it succeeds in becoming a respectable privacy coin, valued $1 billion these days, that is 1% chance for a 100x. But because it does things quite differently than it's competition, I think it may succeed in keeping transaction fees lower as Monero and zcash for example, and possibly offer more privacy and user friendliness over time, I therefore estimate the 1% chance as considerably higher, say 10%.

Early Bitcoin, Byteball & Bitcoin Cash Investor. Loving Voluntarysm, Lambos & Girls Wink
Check out my: https://youtube.com/user/Marcdemesel - https://twitter.com/marcdemesel & https://instagram.com/marc_de_mesel
bobq
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November 24, 2017, 04:42:48 PM
 #15320

There is 5Gbytes Bid order for over spot price.
Great arbitrage opportunity.

Just check yourself at : https://cryptochangex.com/markets/gbytebtc

Is cryptochangex a reliable exchange? No experience with it yet. Just to be sure you can withdraw Smiley However I've seen only 1Gb bid orders there.

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