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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1161906 times)
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December 06, 2017, 02:58:19 PM
 #15521

Very good that the kind of Distribution change.

In the past month was the linked BTC Account a big problem. Always the price dump.

If you can cancel Distributuion for linked BTC Account I prefer this.

Stocks with linked GByte is okay.

I recommend that you switch to Mbyte similar as IOTA.



Exactly i have been saying this for a long time switch to MByte.

A lot of noobs buy on price per unit they dont understand the total cap.

How many times have i seen it said byteball is too expensive so i bough iota cos it is cheaper.

Simple psy. This is the first change to be done.

Those asking why iota is 30x higher cap.

You have iota in the hands of very very few people whos interested in colluding and forcing cap higher.

You have BB in the hands of a few people many of which are in competing projects and 50% still in the hands of the dev (iota probably has more but it is hidden)  

Based on the code alone BB should be higher than iota or on a par.

Tear the band aid off get the coins pushed out to current byteball  holders or locked away in a decentralised way with full ledger for development.

Forget asking corner shops to use it... take it to the big companies and create some headlines.

sneaknesbo is good at one thing........marketing and hype .... plus has no problem at all blagging with the big companies. No disrespect to small shop owners and corner stores but you wont get sneaknesbo seeking them out and advertising it. He knows what creates good sound bytes.

Use some BB to create a good marketing team if tony is not comfortable consorting with huge companies that can benefit from BB.



FUlly agree with all said.

And the unit change from GBYTE to MBYTE is probably much more important that it seems, especially for newcomers (less than 1 year in cryptocurrencies).

There is a new horde of people new to the crypto "investments" that are specifically hunting cryptos with a low price per coin. Many of the IOTA holders are like that. A behaviour that seems absurd and difficult to understand for the more experienced traders.... but it IS happening.


The problem is tonych does not listen. He never listens to anything sensible.

The distribution was the biggest mess. Byteball will pay for that for a while yet. That could have been avoided if tony had listened to alternative suggestions back then.

He does not listen or even enter dialogue about such things.

You are all at his complete and utter mercy and that's not a great place to be.

I am not anti byteball at all and have tried to highlight in my latest thread on the main board how it is one of only a handful of real projects of interest.

HOwever the distribution was a complete mess with competing projects claiming huge % of byteballs minting causing tonych to several times go back on the stated full moon distributions (the basis of why many bought BB to hold) to apparent fund BB. When the other projects are busy funding their own projects by dumping on us.

Great plan,.

Iota on the other hand had it correct get all the iota into the hands of those that will collude and make sure the price is held up.
Iota are great marketeers and although have been show up by MIT for making rookie errors are MAGNITUDES higher cap.

Now most know this is easy to manipulate if you have a few people colluding on a couple of bent exchanges but noobs have no clue and are getting their btc in there.

Tony seems so talented on one hand but on the other..........

All the people here at the start shouting the distribution plan was great and there is no problem giving it to competing projects exchanges and a few whales are probably now scratching their heads wondering why iota is MAGNITUDES higher and getting all the attention. PRICE GETS THE ATTENTION.
Coinmarketcrap is the most dangerous site in crypto.

Byteball can eventually gain the upper hand but you just all made it 50x harder for yourselves following that stupid distributional mode at the very start.


Need to bring this to the attention of huge companies or huge whales. Also the remaining tokens need to be in a less precarious state because no real investors will like such a huge proportion of the minting under the control of a sole entity that answers to nobody. Also the witnesses need to possibly be increased and passed to trustworthy individuals.

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December 06, 2017, 03:35:02 PM
 #15522

Over the next few months, we'll add more methods of free distribution.  One of them is already being developed, I expect it to be ready in the first half of December. 

So when start new distribution methods?

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December 06, 2017, 03:37:27 PM
 #15523

How do you ensure safety from scam attacks?
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December 06, 2017, 03:58:35 PM
 #15524

Which proposes? PoW? I think it stopped to be an example of "fair distribution" a few years ago...

I don't think Tony is ignoring your feedback. If he is smart, he is noting the relevant points.

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December 06, 2017, 04:37:27 PM
 #15525

HI everyone,

I have searched to see if there is some helpful info on setting up and backing up wallets, but can't find any videos etc.  On the wiki it says

Restore from full backup: Note this will permanently delete all your existing wallets and replace them with whatever is in your backup file. If you created this backup on another device, you should have stopped using the original device wallet immediately after creating the backup. Never clone wallets. If you must access from several devices, use multisig.

While I think I understand what this means it is far from clear.  MY understanding is that the safest way to secure your android wallet is to set up "full backup mode"

IF you need to restore your wallet what are the steps??

WHat does it mean if you create backup on another device stop using original device after backup? 

Some tutorials with visuals would be really helpful if the goal is to grow the community.  I saw on another thread that businesses in Milan and Kyoto are testing, but getting store customers on board will be difficult until we have more KISS (keep it simple, stupid) tutorials and examples.    I think this will be key to building traction and more users and reducing barriers to entry.
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December 06, 2017, 05:03:02 PM
 #15526

i think im delete my wallet where my foulder with the seed or file ?

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December 06, 2017, 05:06:38 PM
 #15527

i think im delete my wallet where my foulder with the seed or file ?


On the thumb drive you used to make your backup?
Or on the paper you used to write it down when you installed your wallet.
Or in the recycle bin.

The location where the wallet is store is the same folder when the seed is located.   So, if the folder is gone, then so is the seed.
Good thing you have backups, right?
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December 06, 2017, 05:23:12 PM
 #15528

no im not found it Sad name of backup is???
that say my wallet Uncaught exception: Error: wallet not found

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December 06, 2017, 09:24:33 PM
 #15529

From reddit - https://www.reddit.com/r/ByteBall/comments/7hxlxz/byteball_developers_take_heed/
Quote from: 1homie
It is not enough to have good tech to be successful. You need to:

Important point: Brand yourself as the scalable, no blockchain cryptocurrency. This is what you need to push! On your website the first thing you see is a heading that says "Why use Byteball?" and you do not even mention this! You mention lots of things that are WAY less important than scalability. Only on the very bottom of your web page, as a side note, do you mention "Unbounded scalability, fast confirmations, no miners, no blocks, low fees" <--- This should be the first thing visitors see when they open your website. This is so important. This is more important than all the other points I mention combined...

    • Change the name. Byteball, Gbytes, this does not appeal to people and scares your average person away.
    • Marketing, do it!
    • Get a bigger team, include business people
    • Do not have both blackbytes and regular Gbytes. If I buy Gbytes I still don't have blackbytes, so what good is it to me? Basically you are seperating your tech into two different coins. This is confusing, and it messes with investors, because being invested in one does not mean you are invested in the other. Pick one, and stick to it.
    • Your chatbot way of dealing with things is not a preferred method. It seems messy and inconvenient. Stick to a normal, simple wallet.
    • Forget these "cashback" programs you have, it makes you seem less serious.
    • Get your coin listed on as many exchanges as possible
    Sincerely, Frustrated Byteball owner
    Obviously that bit about eliminating blackbytes isn't possible, but many good points. Tony doesn't need to do all this he just needs to delegate more to people that will.
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    December 06, 2017, 10:45:47 PM
     #15530

    @Developer:

    Will it be possible to pair my true SegWit btc wallet for the next distributions?
    Any new info on distribution? (website still says mid November).

    Thanks.
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    December 06, 2017, 10:51:31 PM
     #15531

    @Developer:

    Will it be possible to pair my true SegWit btc wallet for the next distributions?
    Any new info on distribution? (website still says mid November).

    Thanks.

    As mentioned many times before in this thread.  This is not an issue with Byteball or the Byteball client.  The issue is that currently there is no standard for signing messages with SegWit addresses.  This is a Bitcoin standards issue, not a Byteball issue.  Someone needs to propose a standard and then everyone would need to adopt and use it.  I am sure as soon as a standard is created Byteball will use it.

    Move your coins to a standard address some time before the next distribution (in March) so you can sign a message.

    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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    December 06, 2017, 11:30:56 PM
     #15532

    Hi Tony!

    I may not have the most active account here but hold quite a few Bytes.

    I loved your interview with Marc and it's great seeing you at several other events recently presenting Byteball, and trying to increase exposure. Whilst I understand this project is your "baby" and that you may be a more risk averse person in general, I feel it would greatly strengthen Bytbeall if we had a CEO or marketing crew who could handle the PR and present Byteball in a more clear, focused and understandable way. Not to be rude but as a native English speaker I found it hard to understand you at times and although you answered the woman correctly about ETH vs etherisc, I feel that she didn't understand you either.

    It's great to see you doing your part but I feel it's time for some professional marketers to take over. The website needs an overhaul and I agree that the headline should be: "DAG - Unbounded scalability, fast confirmations, no miners, no blocks, low fees" (e.g. hashgrasph website). A Marketing team could also assist with more exchange listings, website update, video production (e.g. hashgraph has quality videos for beginners and advanced users) covering many areas of discussion. This would leave you to do what you do best, coding and improving the tech, and let the marketers do their work.


    I admire that you are a doer rather than a talker, but feel that again a marketing team could help with monitoring/answering in chat apps, and also assisting you to write weekly updates on whats been going on behind the scenes. A little bit more communication from Byteball to the community would go a long way, any rational investor likes to follow the news and stay up-to-date but I feel my options to do this with Byteball are limited. The last update on Byteball Medium was in September.

    I would also appreciate it if a decent amount of the remaining distribution funds are designated to devs who are willing to build around the Byteball ecosystem.

    Good luck and look forward to hearing your upcoming distribution proposals!
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    December 07, 2017, 01:37:47 AM
     #15533

    no im not found it Sad name of backup is???
    that say my wallet Uncaught exception: Error: wallet not found


    Message me directly.   I'll help.
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    December 07, 2017, 02:05:19 AM
     #15534

    Hi Tony!
    ...
    Good points, I agree with all of them.
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    December 07, 2017, 04:48:21 AM
     #15535

    Hi Tony!
    ...
    Good points, I agree with all of them.

    me2
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    December 07, 2017, 04:49:05 AM
     #15536

    I suggest that undistributed byteball should be mostly left for sales teams and developers
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    December 07, 2017, 04:52:23 AM
     #15537


    Why do you expect Tony to do something differently? Why you don't do anything beside complaining here and expecting from Tony to do this or that?

    If you think you know better what to do why not:

    1. fork byteball open source code
    2. launch your own Byteball 2.0
    3. implement your brilliant ideas showing how better they are than Tony's.

    Good luck and look forward to hearing your upcoming Byteball fork proposals!

    Chancellor on brink of second bailout for banks
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    December 07, 2017, 05:06:50 AM
     #15538


    Why do you expect Tony to do something differently? Why you don't do anything beside complaining here and expecting from Tony to do this or that?

    If you think you know better what to do why not:

    1. fork byteball open source code
    2. launch your own Byteball 2.0
    3. implement your brilliant ideas showing how better they are than Tony's.

    Good luck and look forward to hearing your upcoming Byteball fork proposals!

    Your logic is flawed.

     just because someone knows how to design and code out a dag based cc does not mean he fully understands market psychology or even why the distributional model was a self destructive mess.

    I think Tony could do well to listen to others ideas and take them into consideration.

    That is not being mean to Tony ch at all that is simply the truth. He is a great dev but has made some tragic blunders in other areas if his aim was to get this into the top 10

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    December 07, 2017, 05:19:55 AM
     #15539

    All you want to do is pump the price through marketing to get rich quick. There are plenty of other coins and tokens that do exactly the same. Byteball aims to win through technology, not pumping the price for quick gains.

    Chancellor on brink of second bailout for banks
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    December 07, 2017, 05:46:53 AM
     #15540

    All you want to do is pump the price through marketing to get rich quick. There are plenty of other coins and tokens that do exactly the same. Byteball aims to win through technology, not pumping the price for quick gains.

    Tony's goal was to get Byteball in the hands of as many people as possible because the theory is that the value of Byteball increases the more users it has.

    Marketing Byteball properly attracts investors and users, so is completely in line with Tony's philosophy here.  Why is marketing such an anathema to some people around here?  Why is word of mouth considered the only proper way to attract new users to Byteball?
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