Obyte: Totally new consensus algorithm + private untraceable payments

[ByteFan]

I strongly recommended someone I know just getting into crypto to put something into Byteball as a high potential/undervalued project.
He put his money into Cardano instead as it's cheaper! 

They have a nice debit card.

[SatoNatomato]

I strongly recommended someone I know just getting into crypto to put something into Byteball as a high potential/undervalued project.
He put his money into Cardano instead as it's cheaper! 

They have a nice debit card.

The same from my friends, "So expensive Ill buy a ripple instead its only 1 dollar vs 600".

[cryptohunter]

I strongly recommended someone I know just getting into crypto to put something into Byteball as a high potential/undervalued project.
He put his money into Cardano instead as it's cheaper!  

They have a nice debit card.

The same from my friends, "So expensive Ill buy a ripple instead its only 1 dollar vs 600".

#

Yup how many times do we have to tell tony to reduce this to megabytes asap?

With this being ignored and the distributional method specifically knowingly to other icos i have to say it does rock confidence in the project ...


There is no point coding out something superior just to be crushed down because of simple glaring errors like these.

[spinosaurus]

I agree that Gbyte is a too big unit. MB would be much more convenient  and would help for adoption. It should be not so difficult to change it as Byteball is not listed in many exchanges. Anyway in the wallet you can choose whatever unit you want.

[BillionairePal]

Guys!

I have built a BYTEBALL VIDEO FAUCET and I am giving away until END OF 2017 for FREE 5,000,000 bytes for every new Byteball user:

https://www.youtube.com/watch?v=Up5mWozjHhI

This is also a perfect tool to support the growth of Byteball community (and Byteball PRICE!)
Please help me with that!

You can also get free byteball, but even more important:
YOU CAN RAISE THE VALUE OF YOUR BYTEBALL ASSETS by spreading the news about the faucet.
The more users own and transact in Byteball, the more valuable Byteball becomes and it's price rises.
Until now, roughly 500 new users created byteball wallets and joined our community through this campaign.
This is a good way to also reach mainstream adoption of byteball.

So help me promote Byteball and increase your net worth at the same time!

But hurry up! The campaign runs until December 31 only.

Just share the video link:
https://www.youtube.com/watch?v=Up5mWozjHhI
with on your Social Media channels with some nice comments like:
"Become a Byteball Millionaire"
"Get 5,000,000 Byteball for free"
or
"First Byteball Faucet"
"Get free Byteball from the Byteball Video Faucet"

You could also post the screenshot of your wallet with the funds you've received like this guy did:
https://twitter.com/benjamim/status/946325369963114496

Thanx so much for making this community great! Let's make things happen!

What do you think of this initiative?

[D3m0nKinGx]

What's so difficult with Gbyte units?  The coin's value is btc/gbyte, you'd end up dealing with larger numbers using MB and smaller fractions of btc when trading... and some exchanges  have a minimum btc value for trading, (Trex is 100k btc sats) minimum per trade.

But if this is changed to Mbyte, where right now 1 Gbyte = 0.05 BTC,   

Then

1 Mbyte = 0.00005 BTC


Why is this better?

[D3m0nKinGx]

As i stated above, based on that fraction of btc / mbyte, you couldn't even trade 1 Mbyte on trex because of the 100k minimum sats per trade requirement.  so this isn't logical to make this change.

[amacar1]

Guys!

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.
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Thanx so much for making this community great! Let's make things happen!

What do you think of this initiative?

I think this is great, thank you for providing this type of faucet

[bcmine]

What's so difficult with Gbyte units?  The coin's value is btc/gbyte, you'd end up dealing with larger numbers using MB and smaller fractions of btc when trading... and some exchanges  have a minimum btc value for trading, (Trex is 100k btc sats) minimum per trade.

But if this is changed to Mbyte, where right now 1 Gbyte = 0.05 BTC,   

Then

1 Mbyte = 0.00005 BTC


Why is this better?

dont get it either. psychologicaly its making no difference, because you get all this millions of bytes anyway

[8fold]

What's so difficult with Gbyte units?  The coin's value is btc/gbyte, you'd end up dealing with larger numbers using MB and smaller fractions of btc when trading... and some exchanges  have a minimum btc value for trading, (Trex is 100k btc sats) minimum per trade.

But if this is changed to Mbyte, where right now 1 Gbyte = 0.05 BTC,   

Then

1 Mbyte = 0.00005 BTC


Why is this better?

dont get it either. psychologicaly its making no difference, because you get all this millions of bytes anyway

What???!

Wait a minute.. Let me say again... What? What do you mean psychologicaly no difference?!

There are a lot of people I know in real life, who, exposed to this, will invest in what has a small price per unit, regardless of total monetary mass (the number of units in existence). You are not .. just wrong with that affirmation, you are way off!

The argument above with "1 Gbyte = 0.05 BTC" being better for trading compared to "1 Mbyte = 0.00005" is not convincing either, because the average trading size per position is around 1-2GB's anyhow (I'm speculating here based on common sense)... and there are make tokens/coins/cryptoassets with a unit price of around 5000+ satoshis and people have no major problems trading that... Also, the average joe doesn't daily trade.

One extra argument for the price denomination cut (from GB to MB) would be that standard stock market is used to splitting shares, in order to keep prices in around the same area (of two to tree digit price).

[nofork_man]

all giveaways reounds are complete now?

[soixantedix]

all giveaways reounds are complete now?

to my understanding next round
Mar 2, 2018 at 00:51 UTC

[Dr_Voidberg]

What???!

Wait a minute.. Let me say again... What? What do you mean psychologicaly no difference?!

There are a lot of people I know in real life, who, exposed to this, will invest in what has a small price per unit, regardless of total monetary mass (the number of units in existence). You are not .. just wrong with that affirmation, you are way off!

Yes, most people value coins in USD. USD value of GBYTE is high, very high compared to other coins, that puts normal people off. It looks overvalued and risky. The only people that really value everything in BTC are BTC maximalists and hardcore traders.

[fedmahnkassad]

What???!

Wait a minute.. Let me say again... What? What do you mean psychologicaly no difference?!

There are a lot of people I know in real life, who, exposed to this, will invest in what has a small price per unit, regardless of total monetary mass (the number of units in existence). You are not .. just wrong with that affirmation, you are way off!

Yes, most people value coins in USD. USD value of GBYTE is high, very high compared to other coins, that puts normal people off. It looks overvalued and risky. The only people that really value everything in BTC are BTC maximalists and hardcore traders.

GBYTE definitely needs to change the denomination before it's on more exchanges. It should be fairly trivial for Bittrex to implement. The current denomination is a huge put off for all new comers. This is VITAL for adoption. I understand it does not make much difference for all the crypto veterans but for new guys it makes a huge difference.

[D3m0nKinGx]

What's so difficult with Gbyte units?  The coin's value is btc/gbyte, you'd end up dealing with larger numbers using MB and smaller fractions of btc when trading... and some exchanges  have a minimum btc value for trading, (Trex is 100k btc sats) minimum per trade.

But if this is changed to Mbyte, where right now 1 Gbyte = 0.05 BTC,  

Then

1 Mbyte = 0.00005 BTC


Why is this better?

dont get it either. psychologicaly its making no difference, because you get all this millions of bytes anyway

What???!

Wait a minute.. Let me say again... What? What do you mean psychologicaly no difference?!

There are a lot of people I know in real life, who, exposed to this, will invest in what has a small price per unit, regardless of total monetary mass (the number of units in existence). You are not .. just wrong with that affirmation, you are way off!

The argument above with "1 Gbyte = 0.05 BTC" being better for trading compared to "1 Mbyte = 0.00005" is not convincing either, because the average trading size per position is around 1-2GB's anyhow (I'm speculating here based on common sense)... and there are make tokens/coins/cryptoassets with a unit price of around 5000+ satoshis and people have no major problems trading that... Also, the average joe doesn't daily trade.

One extra argument for the price denomination cut (from GB to MB) would be that standard stock market is used to splitting shares, in order to keep prices in around the same area (of two to tree digit price).

I said, "Why is this better?", not "it IS". and thus you went on a rant that didn't provide a reason to my question. you just responded as if I made a statement not a question...

But in either case. regardless the denomination of how the coin is listed, if it's in Gbyte or in Mbytes, it doesn't change the fact of how much the coins cost $ USD wise... you can't make it look "cheaper" to a noob trader, or average joe unless its actually cheaper.  1000 Mbytes is still 0.05 btc no matter how you try to put it. And you can go on an exchange and buy 1 gbytes which is the same as 1000 mbytes, or 0.0001 gbytes = 1 mbytes. Thus, speaking for myself here, I don't see the justification to change this.

Furthermore where you said:

and there are make tokens/coins/cryptoassets with a unit price of around 5000+ satoshis and people have no major problems trading that... Also, the average joe doesn't daily trade.

Incorrect, Trex has a minimum 50,000 sats (BTC) per trade. thus in Byteballs case, the minimum order as of right now that you could place using (Mbytes) would be

0.00950515 Gbytes =  9.5 Mbytes

So I ask again, what is the difference? the USD/byteball value is still the same, why would there be any different incentive for a trader to buy it just because the decimals are in a different position? whether they trade/own .0095 gbytes in their account or 9.5 Mbytes they still gonna have the SAME $7 (rounded) in their account. And the Exchange would be showing instead 1 Mbyte as 0.70$. So oh, it's 70 cents, but that's not per "coin" it's per megabytes, byteball is the coin, and megabytes are a fraction of it. 1 byteball = 1gbyte (and has been this way since the beginning). So you're asking the dev to say that 1 byteball = 1 mbyte by making this switch on the exchange.

[galbraith01]

What's so difficult with Gbyte units?  The coin's value is btc/gbyte, you'd end up dealing with larger numbers using MB and smaller fractions of btc when trading... and some exchanges  have a minimum btc value for trading, (Trex is 100k btc sats) minimum per trade.

But if this is changed to Mbyte, where right now 1 Gbyte = 0.05 BTC,   

Then

1 Mbyte = 0.00005 BTC


Why is this better?

People like to buy cheap even if final price the same. Crowd psychology is the point

[fedmahnkassad]

"why would there be any different incentive for a trader to buy it just because the decimals are in a different position?"

Because there are not only traders interested in buying crypto. Have you actually spoken to any new guys who are just getting in and make decisions on what to buy? You need to understand that there are millions of people who will buy coins eventually and never even understand the concept about more than 3 decimals.

[D3m0nKinGx]

"why would there be any different incentive for a trader to buy it just because the decimals are in a different position?"

Because there are not only traders interested in buying crypto. Have you actually spoken to any new guys who are just getting in and make decisions on what to buy? You need to understand that there are millions of people who will buy coins eventually and never even understand the concept about more than 3 decimals.

I've talk to many noobs (going on 5 years in crypto), and i don't even talk to them about numbers of coins. I talk to them about the project/tech behind it, and tell them to research and make the investment decision on their own, whether to buy or not. I will never tell someone to buy something just because a coin looks better by how it's satoshi or dollar value is displayed lol.

[LoyceV]

I have built a BYTEBALL VIDEO FAUCET and I am giving away until END OF 2017 for FREE 5,000,000 bytes for every new Byteball user:

https://www.youtube.com/watch?v=Up5mWozjHhI

Nice offer! You're the guy that Tony showed earlier, I was waiting for a translation to English indeed.
One comment though: You say something like "5 medium bytes", it's hard to hear, but it should be 5 megabytes, or 5 million bytes. Automated subtitles say "5 billion bytes 5 minute bible bytes", so it's definitely hard to hear. This may confuse new users.

This is also a perfect tool to support the growth of Byteball community (and Byteball PRICE!)
Please help me with that!

I'll gladly help, shared on Facebook already.

Thanx so much for making this community great! Let's make things happen!

What do you think of this initiative?

I think it's a great way to spread Byteball, but I expect it will be abused by many people with more than one account.

[D3m0nKinGx]

Nothing's stopping ppl from buying/selling Eth being 700$+ a coin and trading with volumes over 10,000 BTC / 24 hours on the 3 top exchanges. Byteball can do the same just as it is.