Obyte: Totally new consensus algorithm + private untraceable payments

[ByteFan]

Byteball's price is flying!!!!!

Byteball fair value is ~ USD 5,000 per GBYTE

I guess it depends on what you consider to be a reasonable fee. And that can be a good thing, as speculated by some user:

Regarding the discussion about the Coin Supply. The current supply is 1,000,000 GBYTE which is not high in my point of view.

You can not multiple the current supply with billion and say we have 1,000,000,000,000,000 Bytes as supply. As this is not usable due to the fees per transfer (583 Bytes per usual transfer)

Recently i have tested the wallet and made some micro (1 byte) and small (1,250,000 = 1$) transactions.
I have paid 588 Bytes fee per transfer which equals to 0,0004664 $   (800$ per GByte / 1,000,000,000 x 583 fee)

If we assume that highest reasonable fee is 0,01 Cent. Then Gbyte should maximally rise with factor 21. The maximum price for 1 GByte would be then 16800$ per GByte

at $5,000 per GBYTE Byteball would enter the top 15 crypto. At $10,000 per GBYTE Byteball would enter the top 10.

Which rank to you beleive Byteball fairly deserves? (then do the math...)

[1714209485]

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[Pinstripe]

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?

Many thanks Rafael!  This video and your Polish video https://www.youtube.com/watch?v=U1vQPqypKRo brought us about 2000 new users!

And made Poland a bright sport on our map.  This is Android installs:



Each user received 5 MB and the total cost of this promotion was about 10 GB.
It was initially paid from the community fund but since it is obviously a way to distribute coins (an unplanned one), the community fund will be refilled for these 10 GB from the undistributed funds.

This was an Absolutely Outstanding Promotion!
 
I got a half dozen of my non/ByteBall crypto buddies to signup, and even my mom - They were Blown Away by what they Discovered!
I really hope there is much more of this type of thing in the near future. Thanks BillionairePal - your Youtube channel was awesome as well!


Over on https://www.reddit.com/r/ByteBall/ we have a thread devoted to expanding on the possibilities of this kind of distribution model.
Please join us with your votes and opinions here: https://www.reddit.com/r/ByteBall/comments/7opnl4/bytes_accepted_here_contest_10000000_bytes_prize/dsgoj8c/


And, just in case it got missed: Some guy's view on ByteBall right now:
https://www.reddit.com/r/ByteBall/comments/7peq14/some_guys_view_on_byteball_right_now/

The only way ByteBall can fail is through arrogance, infighting and apathy - which is simply not going to happen. We are much too wise for that.

Seriously...
Let's put our two most divisive issues behind us and move forward united & engaged in building this amazing thing together.


cheers.

[Nahalla]

Can I run a full node to get rewards from commissions within the network?

[Malek17]

This coin is brilliant but in order to succeed,

listing on coinmarketcap must be in MBYTE or KBYTE

https://www.coindesk.com/weathering-altcoin-shitstorm-investing-next-one/

"It seems ridiculous to say, but the cheaper the asset, the greater the chance of a return. And when I said cheap, I'm not referring to a fundamental measure of value like a value investor would (P/BV, P/E, etc). I'm referring to its price.

A chart of returns over the past seven days paints this picture. There's a direct negative correlation between the price of the token and return. It's scary, but it's unfortunately true."

"Investors trying to find fundamental value are ripping their eyes out. XRP, with legitimately zero fundamental usage (see below), just passed BTC in diluted market cap."

unfortunately I have to agree with you, which means guys in charge of changing this are acting stubbornly. but on the other hand, this is not for tony to decide. it's not his choice, exchanges and CMC should be contacted individually for this change to happen.

it won’t happen before Tonych agree to the Idea,exchanges is the easiest part hopefully Tonych will break his silence either agree or don’t agree to the Idea and put an end to it

[julian071]

Why all the rush to get the value up by adding exchanges? Wouldn't you prefer to have more time to accumulate? I would, so I think all this rushing is a bad strategy.

Also a differing opinion on the denomination in GB. I noticed textcoin is denominated in GB too btw. I think the high value of a full GB is fitting for what BB is. And from a marketing perspective it might also be good to have 1 GB equaling 1 BTC one day. But like I said, I would prefer not to rush that.

[Lambe Ndumble]

I hope byteball e is a rapid increase in prices and could reach $ 1000 in this year, adding to the market is one solution.

[LoyceV]

May I suggest to leave the GBYTE/MBYTE discussion for a while? Let's not get the Byteball community divided (leave that to Bitcoin)

I noticed textcoin is denominated in GB too btw. I think the high value of a full GB is fitting for what BB is.

You can easily edit that. In fact, the wallet I used for this is set to bytes, so I entered "10000 bytes". When editing, make sure it's correct, otherwise you'll get a very disappointed (or vary happy!) new Byteball user.

Here is your link to receive 10000 bytes (≈0.01 USD): https://byteball.org/openapp.html#textcoin?feel-rural-move-multiply-pyramid-weapon-oppose-loud-biology-joy-click-coconut

Here is your link to receive 0.15 MB (≈0.14 USD): https://byteball.org/openapp.html#textcoin?cross-only-fun-swarm-dash-remove-wet-soldier-real-vast-token-swarm

(in case someone wonders: yes, I did get these funds from another text-coin here, just giving some back)

[Hhugh]

Now Ether is no longer able to be exchanged for bytes in the alt currency bot. Someone who has some coding skills should really just be writing an exchange within byteball to due away with relying on this third party exchanges who provide poor service. The ability is right there in the whitepaper, please get on it! (:

yes! I don't see why anyone couldn't create their own version of shapeshift... integrated right in the wallet through chatbot

[StandingTall]

Nice chart

[Hhugh]

I think now is a perfect time for Byteball to do a marketing effort that is similar to https://youtu.be/9Augu01Z9tw

[IckyYak22871]

Now Ether is no longer able to be exchanged for bytes in the alt currency bot. Someone who has some coding skills should really just be writing an exchange within byteball to due away with relying on this third party exchanges who provide poor service. The ability is right there in the whitepaper, please get on it! (:

yes! I don't see why anyone couldn't create their own version of shapeshift... integrated right in the wallet through chatbot

Shapeshitf is not just a program, it is a business. Somebody needs to manage reserves to make exchange possible.

[Freefactomizer]

so why caring about marketing all the time?

I don't. Just saying, that the fact that blockhain whin unique consensus will soon disapear  from the 1st cmc page is crazy.

Just saying, we're soon back in top 50.

[ruptan]

wow! Look at the price? Way to go...I do agree, if we can list the Byteball in MByte or KByte. The price will be much higher and we will get more for our Byteballs. I hope Tony agrees. Take care guys.

 $1,022.17 USD (45.05%)
0.07467910 BTC (48.41%)

[leopard2]

Regarding the discussion about the Coin Supply. The current supply is 1,000,000 GBYTE which is not high in my point of view.

You can not multiple the current supply with billion and say we have 1,000,000,000,000,000 Bytes as supply. As this is not usable due to the fees per transfer (583 Bytes per usual transfer)

Recently i have tested the wallet and made some micro (1 byte) and small (1,250,000 = 1$) transactions.
I have paid 588 Bytes fee per transfer which equals to 0,0004664 $   (800$ per GByte / 1,000,000,000 x 583 fee)

If we assume that highest reasonable fee is 0,01 Cent. Then Gbyte should maximally rise with factor 21. The maximum price for 1 GByte would be then 16800$ per GByte

Thanks for clarifying

So KBYTE makes no sense but the underlying unit should definitely change to MBYTE

Having a 4 digit price is really a turnoff to investors, which is why XRP or ADA getting all the attention.

Supplywise, compared to XRP, a price above 100 000$ would be appropriate but no one pays that. 100$ for an MBYTE, on the other hand.... 

[innergy]

What is the tps rate in byteball..?

[Black_bl]

wow! Look at the price? Way to go...I do agree, if we can list the Byteball in MByte or KByte. The price will be much higher and we will get more for our Byteballs. I hope Tony agrees. Take care guys.

 $1,022.17 USD (45.05%)
0.07467910 BTC (48.41%)

The first milestone has been passed, now we can to look forward to reach 2000 and 5000. Byteball has definitely bright future

[Karartma1]

Yep! Next target is going beyond ethereum price in bitcoin. I may sound like an old HI-FI stereo system but I completely believe that byteball is way undervalued. There is so much shit out there and I don't really get how this has not happened already.

[AlexNedano]

Can I run a full node to get rewards from commissions within the network?

Only if others will decide to use it as a witness.

[megashira1]

Marc De Mesel pretty happy right now 

[djpitagora]

This coin is brilliant but in order to succeed,

listing on coinmarketcap must be in MBYTE or KBYTE

https://www.coindesk.com/weathering-altcoin-shitstorm-investing-next-one/

"It seems ridiculous to say, but the cheaper the asset, the greater the chance of a return. And when I said cheap, I'm not referring to a fundamental measure of value like a value investor would (P/BV, P/E, etc). I'm referring to its price.

A chart of returns over the past seven days paints this picture. There's a direct negative correlation between the price of the token and return. It's scary, but it's unfortunately true."

"Investors trying to find fundamental value are ripping their eyes out. XRP, with legitimately zero fundamental usage (see below), just passed BTC in diluted market cap."

unfortunately I have to agree with you, which means guys in charge of changing this are acting stubbornly. but on the other hand, this is not for tony to decide. it's not his choice, exchanges and CMC should be contacted individually for this change to happen.

it won’t happen before Tonych agree to the Idea,exchanges is the easiest part hopefully Tonych will break his silence either agree or don’t agree to the Idea and put an end to it

he did. Tony said on reddit it's never going to happen. At which point I finally gave up :|