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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1231363 times)
LoyceV
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January 17, 2018, 06:13:04 PM
 #16721

Tony Churyumoff, Founder, Byteball, added: "By partnering with Jumio, we bring identity to the distributed ledger, both for ICOs and other financial transactions, creating strong connections between the crypto and the real world.
I assume this can be used to airdrop coins on unique individuals, right?
But I doubt many people will be willing to share their private information for some Bytes.

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ByteFan
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January 17, 2018, 06:15:52 PM
 #16722

http://www.ibtimes.co.uk/jumio-offers-kyc-ico-space-byteball-1655538

Tony Churyumoff, Founder, Byteball, added: "By partnering with Jumio, we bring identity to the distributed ledger, both for ICOs and other financial transactions, creating strong connections between the crypto and the real world. For end users, we offer them a sovereign identity that is totally private, secure, and incredibly easy to use. For businesses, it is an opportunity to build applications that leverage the identity layer that was not possible before."

This is really great! Jumio provides KYC (online ID check) tool used buy Coinbase.


https://www.jumio.com/use-cases/#kyc-aml


https://www.jumio.com/about/press-releases/byteball-ico-identity-layer/

This can be really hudge. Congrat @Tonych!
IckyYak22871
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January 17, 2018, 07:44:06 PM
 #16723

Tony Churyumoff, Founder, Byteball, added: "By partnering with Jumio, we bring identity to the distributed ledger, both for ICOs and other financial transactions, creating strong connections between the crypto and the real world.
I assume this can be used to airdrop coins on unique individuals, right?
But I doubt many people will be willing to share their private information for some Bytes.

You don't need to share your private information. Your ID is stored in your wallet, and you disclose it only when you really need. Hash of ID is stored in DAG, and this proves that you have a valid ID.
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January 17, 2018, 08:46:36 PM
 #16724

Quote

Not sure if people realize the gravity of this announcement. This is really huge and a game changer!!

Imagine if people could get verified on Byteball platform (with the verified ID hash stored on DAG) and have control to choose to post your verified identity publicly or privately. What do you think will be the preferred ICO platform for all the new ICOs?

Putting all the pieces together -

# No KYC/AML or regulatory hassles since the participating user's identity can be established and verified,
# Flexibility of accepting ETC, BTC and GB via the ICO-bot,
# No network congestion like the one seen in Ethereum's network during major ICOs (one word - DAG)
# Not just new crypto ICOs, just imagine if Financial Institutions want to issue tokens and comply with KYC/AML regulations, who do you think they would turn to?

# What's the incentive for a user to register on Byteball platform you ask?
         - If they verify their identity once, they can participate in any future ICOs without worrying about the email-registrations, ETH/BTC address white-listing, KYC pre-checks etc. It would just be a simple one-click participation.
         - Still not enough of an incentive you say? Think cashback from the undistributed pool for registering your identity on the platform Wink

As I said before, this is huge and we will see this happen in the coming weeks! Buy as many GB as you can before Tony announces this! Byteball is gonna blow up once people realize how awesome it is, with all of this!
Pinstripe
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January 17, 2018, 10:20:59 PM
 #16725

Quote

Not sure if people realize the gravity of this announcement. This is really huge and a game changer!!

Imagine if people could get verified on Byteball platform (with the verified ID hash stored on DAG) and have control to choose to post your verified identity publicly or privately. What do you think will be the preferred ICO platform for all the new ICOs?

Putting all the pieces together -

# No KYC/AML or regulatory hassles since the participating user's identity can be established and verified,
# Flexibility of accepting ETC, BTC and GB via the ICO-bot,
# No network congestion like the one seen in Ethereum's network during major ICOs (one word - DAG)
# Not just new crypto ICOs, just imagine if Financial Institutions want to issue tokens and comply with KYC/AML regulations, who do you think they would turn to?

# What's the incentive for a user to register on Byteball platform you ask?
         - If they verify their identity once, they can participate in any future ICOs without worrying about the email-registrations, ETH/BTC address white-listing, KYC pre-checks etc. It would just be a simple one-click participation.
         - Still not enough of an incentive you say? Think cashback from the undistributed pool for registering your identity on the platform Wink

As I said before, this is huge and we will see this happen in the coming weeks! Buy as many GB as you can before Tony announces this! Byteball is gonna blow up once people realize how awesome it is, with all of this!

This IS HUGE!

Another massive piece falls into place - outstanding.

"ByteBall" - Simply the best P2P Digital Asset Value Transfer & Storage Platform for the Age of the Distributed Ledger.
Malek17
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January 17, 2018, 11:23:39 PM
Last edit: January 17, 2018, 11:48:15 PM by Malek17
 #16726

Quote

Not sure if people realize the gravity of this announcement. This is really huge and a game changer!!

Imagine if people could get verified on Byteball platform (with the verified ID hash stored on DAG) and have control to choose to post your verified identity publicly or privately. What do you think will be the preferred ICO platform for all the new ICOs?

Putting all the pieces together -

# No KYC/AML or regulatory hassles since the participating user's identity can be established and verified,
# Flexibility of accepting ETC, BTC and GB via the ICO-bot,
# No network congestion like the one seen in Ethereum's network during major ICOs (one word - DAG)
# Not just new crypto ICOs, just imagine if Financial Institutions want to issue tokens and comply with KYC/AML regulations, who do you think they would turn to?

# What's the incentive for a user to register on Byteball platform you ask?
         - If they verify their identity once, they can participate in any future ICOs without worrying about the email-registrations, ETH/BTC address white-listing, KYC pre-checks etc. It would just be a simple one-click participation.
         - Still not enough of an incentive you say? Think cashback from the undistributed pool for registering your identity on the platform Wink

As I said before, this is huge and we will see this happen in the coming weeks! Buy as many GB as you can before Tony announces this! Byteball is gonna blow up once people realize how awesome it is, with all of this!
Personally i value anonymity same as Satoshi,surely wouldn't  participate in any airdrop that require selfies and Passport scans
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January 17, 2018, 11:33:11 PM
 #16727

Quote

Not sure if people realize the gravity of this announcement. This is really huge and a game changer!!

Imagine if people could get verified on Byteball platform (with the verified ID hash stored on DAG) and have control to choose to post your verified identity publicly or privately. What do you think will be the preferred ICO platform for all the new ICOs?

Putting all the pieces together -

# No KYC/AML or regulatory hassles since the participating user's identity can be established and verified,
# Flexibility of accepting ETC, BTC and GB via the ICO-bot,
# No network congestion like the one seen in Ethereum's network during major ICOs (one word - DAG)
# Not just new crypto ICOs, just imagine if Financial Institutions want to issue tokens and comply with KYC/AML regulations, who do you think they would turn to?

# What's the incentive for a user to register on Byteball platform you ask?
         - If they verify their identity once, they can participate in any future ICOs without worrying about the email-registrations, ETH/BTC address white-listing, KYC pre-checks etc. It would just be a simple one-click participation.
         - Still not enough of an incentive you say? Think cashback from the undistributed pool for registering your identity on the platform Wink

As I said before, this is huge and we will see this happen in the coming weeks! Buy as many GB as you can before Tony announces this! Byteball is gonna blow up once people realize how awesome it is, with all of this!

This IS HUGE!

Another massive piece falls into place - outstanding.

"ByteBall" - Simply the best P2P Digital Asset Value Transfer & Storage Platform for the Age of the Distributed Ledger.


That jumio page says the new system is launching on the Byteball platform today. Can anyone see it integrated in the wallet yet?

I can't get access to my wallet until tomorrow.

Quote
The new Jumio-enabled identity verification feature will be launched on the Byteball platform on 17th January 2017.
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January 18, 2018, 12:05:02 AM
 #16728

That's really huge. Great news!!! Tonych surprises us again and again!

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valr
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January 18, 2018, 12:46:39 AM
 #16729


That jumio page says the new system is launching on the Byteball platform today. Can anyone see it integrated in the wallet yet?

I can't get access to my wallet until tomorrow.

Quote
The new Jumio-enabled identity verification feature will be launched on the Byteball platform on 17th January 2017.

You will have to wait until the next version of the wallet is released to see this. I presume the new wallet release and the announcement from Tony will happen at the same time.
Digicoiner
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January 18, 2018, 01:41:36 AM
 #16730

Will this mean that to conduct any transaction in the Byteball wallet (even transferring Bytes to an exchange) we will need to perform this KYC with Jumio?
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January 18, 2018, 01:56:49 AM
 #16731

Will this mean that to conduct any transaction in the Byteball wallet (even transferring Bytes to an exchange) we will need to perform this KYC with Jumio?
Certainly not. KYC is completely optional and would be used for circumstances where it is required because of trust or lawfulness.
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January 18, 2018, 02:10:48 AM
 #16732

Ha-ha, it is funny how liberal kids react on KYC option, like somebody is going to take anonymity from them, which they never had first of all. This is hilarious Smiley)))

To be serious, digital identity on DAG opens up opportunities for many businesses, like decentralized lending and many more. There are situations in business when anonymity is desired, not bitcoin like pseudo-anonymity, but real anonymity. In many other situations though business people value privacy and transparency, which means that business partners want to know each other, but they don't want the rest of the world to know about their deal. If byteball could provide such environment, this could be a real breakthrough.
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January 18, 2018, 03:15:23 AM
 #16733


The markets don't echo it yet but they will soon. I still have the hardest time believing this is under 10 million sats right now, like how is that even possible given all the shitcoins rising? Baffles my mind god damn!

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January 18, 2018, 03:32:33 AM
 #16734

Blackbytes Bytes Exchange BEEB is offering you 1,000,000 Bytes!

More info at http://beeb-bot.com - Buy and sale your BlackBytes on BEEB!


Here is your link to receive 1,000,000 Bytes: https://byteball.org/openapp.html#textcoin?together-orange-pelican-tooth-fox-lucky-half-cup-window-coil-radar-pen
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January 18, 2018, 09:21:09 AM
 #16735


Hopefully 2018 will be the year of the DAG and then on to conquering the top ten spots in the cryptocurrency ranking. However I want to hear stories about dev workshop learning the Byteball codebase.

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yes


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January 18, 2018, 09:33:12 AM
 #16736

Good news: the Byteball wallet at Cryptopia seems to have been upgraded to version 2.0 (currently still syncing). Hopefully this means withdrawals will be back online soon (in time for the planned 1 March airdrop).

Apraksin
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January 18, 2018, 09:34:50 AM
 #16737

Hopefully 2018 will be the year of the DAG and then on to conquering the top ten spots in the cryptocurrency ranking. However I want to hear stories about dev workshop learning the Byteball codebase.

No doubt about it. 2018 will be the year of DAG.
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January 18, 2018, 09:42:40 AM
 #16738

Good news: the Byteball wallet at Cryptopia seems to have been upgraded to version 2.0 (currently still syncing). Hopefully this means withdrawals will be back online soon (in time for the planned 1 March airdrop).
This sounds good  Smiley
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January 18, 2018, 09:47:28 AM
Last edit: January 18, 2018, 12:05:03 PM by BillionairePal
 #16739


The markets don't echo it yet but they will soon. I still have the hardest time believing this is under 10 million sats right now, like how is that even possible given all the shitcoins rising? Baffles my mind god damn!

What did you expect, if:
- the only exchange with liquidity, where you can trade Byteball (Bittrex) has 0.4 BTC withdrawal limit and they DON'T accept new users
- on the second exchange (Cryptopia) you can't withdraw byteball AT ALL!

So which market exactly do you expect to echo the technical breakthrough? There is NO MARKET that would do that for Byteball right now.

People with deep pockets (like me) just can't put money into byteball without locking them on exchanges or then spending months to withdraw them. New people cant buy and withdraw Byteball at all (no access to Bittrex, no withdrawals on Cryptopia)! They can only get Byteball via free distribution. How do you expect Byteball to gain value then?

Shitcoins get high valuations, because they are smart enough to get listed on Binance, Bithumb or any of the top exchanges.

I swear the team to apply to KuCoin.
This is the fastest growing exchange. No verification, no withdrawal limits. They list 50 coins now and want to add THOUSAND coins this year! If Byteball doesn't manage this, then I have deep doubts about the ability of the team.
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January 18, 2018, 09:55:15 AM
 #16740

Good news: the Byteball wallet at Cryptopia seems to have been upgraded to version 2.0 (currently still syncing). Hopefully this means withdrawals will be back online soon (in time for the planned 1 March airdrop).

Thanks Wekkel, that sounds good. Can you please update if you find that withdrawals are functioning again? Thanks!
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