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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1231366 times)
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January 20, 2018, 10:04:12 AM
 #16841

The new distribution looks interesting.
Have already been sending 1MB textcoins to friends. Will participate for sure.
Hope we can still get some more full moon airdrops for GB holders as well.

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  Semux uses 100% original codebase
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kola-schaar
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January 20, 2018, 11:08:06 AM
 #16842

Brilliant! But I would change it slightly for more convenience and program logic where no UniqueID is required (why reveal privacy to somebody who doesn't need it!):
  • Person B starts the verification process. At some point the bot asks whether he wants to pay it from his funds or ask somebody else to pay for him. Person B has the option to enter somebody else's address (of person A, old user). If the address is not single address wallet, the user gets info, it's not possible and can enter another address. Possibly he could enter a list of addresses he would like to offer the deal to.
  • Person A gets notified in the client to pay the fee on behalf of person B and is offered to verify with Jumio if he hasn't yet.
  • Person A makes the payment (which makes him the referrer), with the guarantee the $8 are being used to pay Jumio if he is verified himself. He can still do it without verification just to help others.
  • Person B gets the verification link and finishes the process

This way you can post your verified address publicly and invite people to earn money, or send a mailing and describe the deal... and the snowball effect starts! EASY! This would give a true PayPal effect...


Then people could set up self-perpetuating funds (like on this forum, a fb group, reddit, wherever) and it would be a VERY ATTRACTIVE model also for the exchanges to use this to generate more revenue... And the price of Byteball would grow accordingly, so it could turn into a never ending story...

BTW: there should be also a way to generate deeplinks into the bot (Google Fire) with your address as referal to automate this process and just send people invitation links, and then the bot recognizes it and makes it for people really easy without asking any questions about payment. Just informing people: "The fee of $8 will be paid by your referer... Say thanx to him" Smiley
The link that you as old user would post would look like: http://byteballwallet.hdgll.heiwe/verify/ref/0ASe.....E3 or whatever your byteball addrress.

Then, also download/installation referer links could be offered to install the byteball wallet:
http://install.byteball.org/install/ref/0ASe.....E3 or whatever your byteball addrress
This would install a wallet with referrer set as your address.
When then the user wants to later verify, you will be offered to pay for verification (but the user will have also the choice to pay himself or ask somebody else to pay for him).

You could send out these links out of your wallet automatically like you do with textcoins.
This would be a REALLY EASY no brainer tool for newbies to help grow the community and earn money doing it.
Everybody could do it! No skills required. "Invite your friends to Byteball and earn money"

Byteball user base would explode in size with this tool. And Byteball would become for many the first crypto to get in touch with. Then, when they try other cryptos with their shitty interfaces and slow payments, high fees, they would bring the good experience they made with Byteball into consciousness of the mainstream...

Tony! What do you think?

I am not tony, but would like to attach my thoughts anyway. Basically, I think the proposal is not bad, always interesting to read new ideas.
However, we have to be careful that a "mass advertising" can pollute the "Byteball" or "Bytes" brand (keyword "SpamCoin").
Between fair distributed (Airdrop) and SpamCoin is only a fine line.
Thats why most ICO's perform such actions only together with buybacks (i.a. wcex etc.).
Otherwise there are very negative effects on the perception of the value.

I think Tony is not interested in growth at any price - it's not about creating the fastest growing bubble.
Like the (early) BTC, Byteball is not a coin driven primarily by advertising.

However, I realize that there is a (potentially large) market / need for such applications.
And Byteball should show that it also has efficient solutions in the context of advertising.
In this environment, however, I would advise to use more Blackbytes.
Blackbytes are not as liquid as bytes. The receiver must have bytes to use the black bytes.
Superficially, this is a disadvantage for use in this context.
But it has many positive effects: dumping is not so easy, it is a minimum of know-how necessary ->
The receiver must deal with Byteball (Wallet / Byte / Botstore), so he makes a kind of PoW (POW = value).

In sum, one can achieve such a positive effect without having negative effects on the advertised coin (i.a. Bytes, TC etc.),
at the same time BlackBytes become more popular
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January 20, 2018, 11:44:11 AM
 #16843

Brilliant! But I would change it slightly for more convenience and program logic where no UniqueID is required (why reveal privacy to somebody who doesn't need it!):
  • Person B starts the verification process. At some point the bot asks whether he wants to pay it from his funds or ask somebody else to pay for him. Person B has the option to enter somebody else's address (of person A, old user). If the address is not single address wallet, the user gets info, it's not possible and can enter another address. Possibly he could enter a list of addresses he would like to offer the deal to.
  • Person A gets notified in the client to pay the fee on behalf of person B and is offered to verify with Jumio if he hasn't yet.
  • Person A makes the payment (which makes him the referrer), with the guarantee the $8 are being used to pay Jumio if he is verified himself. He can still do it without verification just to help others.
  • Person B gets the verification link and finishes the process

This way you can post your verified address publicly and invite people to earn money, or send a mailing and describe the deal... and the snowball effect starts! EASY! This would give a true PayPal effect...


Then people could set up self-perpetuating funds (like on this forum, a fb group, reddit, wherever) and it would be a VERY ATTRACTIVE model also for the exchanges to use this to generate more revenue... And the price of Byteball would grow accordingly, so it could turn into a never ending story...

BTW: there should be also a way to generate deeplinks into the bot (Google Fire) with your address as referal to automate this process and just send people invitation links, and then the bot recognizes it and makes it for people really easy without asking any questions about payment. Just informing people: "The fee of $8 will be paid by your referer... Say thanx to him" Smiley
The link that you as old user would post would look like: http://byteballwallet.hdgll.heiwe/verify/ref/0ASe.....E3 or whatever your byteball addrress.

Then, also download/installation referer links could be offered to install the byteball wallet:
http://install.byteball.org/install/ref/0ASe.....E3 or whatever your byteball addrress
This would install a wallet with referrer set as your address.
When then the user wants to later verify, you will be offered to pay for verification (but the user will have also the choice to pay himself or ask somebody else to pay for him).

You could send out these links out of your wallet automatically like you do with textcoins.
This would be a REALLY EASY no brainer tool for newbies to help grow the community and earn money doing it.
Everybody could do it! No skills required. "Invite your friends to Byteball and earn money"

Byteball user base would explode in size with this tool. And Byteball would become for many the first crypto to get in touch with. Then, when they try other cryptos with their shitty interfaces and slow payments, high fees, they would bring the good experience they made with Byteball into consciousness of the mainstream...

Tony! What do you think?

I am not tony, but would like to attach my thoughts anyway. Basically, I think the proposal is not bad, always interesting to read new ideas.
However, we have to be careful that a "mass advertising" can pollute the "Byteball" or "Bytes" brand (keyword "SpamCoin").
Between fair distributed (Airdrop) and SpamCoin is only a fine line.
Thats why most ICO's perform such actions only together with buybacks (i.a. wcex etc.).
Otherwise there are very negative effects on the perception of the value.

I think Tony is not interested in growth at any price - it's not about creating the fastest growing bubble.
Like the (early) BTC, Byteball is not a coin driven primarily by advertising.

However, I realize that there is a (potentially large) market / need for such applications.
And Byteball should show that it also has efficient solutions in the context of advertising.
In this environment, however, I would advise to use more Blackbytes.
Blackbytes are not as liquid as bytes. The receiver must have bytes to use the black bytes.
Superficially, this is a disadvantage for use in this context.
But it has many positive effects: dumping is not so easy, it is a minimum of know-how necessary ->
The receiver must deal with Byteball (Wallet / Byte / Botstore), so he makes a kind of PoW (POW = value).

In sum, one can achieve such a positive effect without having negative effects on the advertised coin (i.a. Bytes, TC etc.),
at the same time BlackBytes become more popular


Sorry, new users HAVE TO get the best user experience possible with Byteball and Blackbytes are a suboptimal choice to do it. They are just too bulky and can't be restored with the seed key. A no go for newbies.
BTW: I don't think you know what Tony wants. Please don't try to influence the discussion by personal arguments. This doesn't help objective discussion.

Number of users is CRITICAL for every coin. If we get from 10,000 to 100,000 users, the value of Byteball grows by the square, so by 100! And price follows the value in the long run. If we get from 10,000 now to 1,000,000 users, the value will grow by factor 10,000!
It is also CRITICAL for the attractivity of Byteball for merchants to resolve the egg and chicken dilemma. And the linear scaling (by subsidizing it with upto $40) will actually bring more value, than it costs.

Let's say we want to acquire 1,000,000 unique, verified users from the community fund for $40 each ($20 for the user, $20 for the referer). It will cost $40,000,000, out of $200,000,000 in the community chest. But at the same time the value of the network will grow 10,000 fold. If the current market valuation is right. The value of Byteball would grow to $6 TRILLION! Let's assume Byteball is ridiculously overpriced right now and it's real value is only 1% of the market price. Meaning: $6 million. Then the valuation with 1,000,000 users will be $60 billion. Still 100 fold more than the current valuation. and the community chest will grow from $200-$40=$160 million to $16 billion.
So: the value of the chest will grow faster than what is spent for subsidizing new user registration. it is a NO BRAINER!

As a nice side effect: Byteball would become the ONLY crypto with this number of verified users tied directly to the wallet. A precious USP in the crypto jungle!

I envision a button "verify your identity and earn $12" in the wallet inviting for ID verification. After the verification it changes to "invite your friends to Byteball and earn $20". An extremely powerful tool in grassroot marketing. It would capture entire India within months, like Hotmail did.
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January 20, 2018, 01:37:55 PM
 #16844

I envision a button "verify your identity and earn $12" in the wallet inviting for ID verification. After the verification it changes to "invite your friends to Byteball and earn $20". An extremely powerful tool in grassroot marketing. It would capture entire India within months, like Hotmail did.

Can the process be simplified that much to have the code be in the app already? Would be awesome!
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January 20, 2018, 03:07:05 PM
 #16845

I envision a button "verify your identity and earn $12" in the wallet inviting for ID verification. After the verification it changes to "invite your friends to Byteball and earn $20". An extremely powerful tool in grassroot marketing. It would capture entire India within months, like Hotmail did.
i hope tonych makes this in the next version. its a easy way for promotion for this awesome feature.

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EcuaMobi
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January 20, 2018, 05:18:52 PM
 #16846

I've written a step-by-step guide for the attestation process, and I'm covering the US$8 for new comers:
https://ecua.mobi/usd20-free-byteball/

I'll decide how long this will come for.

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January 20, 2018, 06:09:45 PM
 #16847

I've written a step-by-step guide for the attestation process, and I'm covering the US$8 for new comers:
https://ecua.mobi/usd20-free-byteball/

I'll decide how long this will come for.

mhh, does anybody here try to link Passports with bitcointalk accounts?
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January 20, 2018, 06:14:36 PM
 #16848

mhh, does anybody here try to link Passports with bitcointalk accounts?

Are you saying I secretly manage both Byteball and Jumio and can decode Jumio's information to know which passport was verified for every address and therefore which bitcointalk account?  Shocked

Or maybe I just want the US$20 (minus 8 = 12) referral bonus while helping Byteball grow?  Wink

Or what exactly do you mean?

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January 20, 2018, 06:18:57 PM
 #16849

mhh, does anybody here try to link Passports with bitcointalk accounts?

Are you saying I secretly manage both Byteball and Jumio and can decode Jumio's information to know which passport was verified for every address and therefore which bitcointalk account?  Shocked

Or maybe I just want the US$20 (minus 8 = 12) referral bonus while helping Byteball grow?  Wink

Or what exactly do you mean?



i was thinking about that you will know which byteball address is connected to which account here.
and if it will be visible which byteball address belongs to which person then all three things will be linked.

that all i was thinking and asking about.

EDIT:

Quote
Your real name and other personal information (date of birth, document number, country, etc) will be saved privately in your wallet, only a proof of attestation will be posted publicly on the distributed ledger. The very fact of being attested may give you access to some services or tokens, even without disclosing your real name. Some apps may request you to reveal some of the fields of your attested profile, you choose what to reveal and to which app.

well so it is not possible.
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January 20, 2018, 06:24:12 PM
 #16850

i was thinking about that you will know which byteball address is connected to which account here.

True, from a few addresses. I don't know how that can be prevented and I don't see how that could violate privacy.

and if it will be visible which byteball address belongs to which person then all three things will be linked.

I can't know which address belongs to what passport. The verification data is private. Only a hash is published.

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January 20, 2018, 06:27:33 PM
Last edit: January 20, 2018, 06:48:45 PM by vlom
 #16851

i was thinking about that you will know which byteball address is connected to which account here.

True, from a few addresses. I don't know how that can be prevented and I don't see how that could violate privacy.

and if it will be visible which byteball address belongs to which person then all three things will be linked.

I can't know which address belongs to what passport. The verification data is private. Only a hash is published.

yeah, i just read it after i chatted with bot. so nothing to worry about here.

and i received 0.01182 in the OSX wallet. my new android wallet did not receive coins.
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January 20, 2018, 06:54:28 PM
 #16852

I've written a step-by-step guide for the attestation process, and I'm covering the US$8 for new comers:
https://ecua.mobi/usd20-free-byteball/

I'll decide how long this will come for.

Great! I have notified @slackjore on slack to get your tuto added to the Byteball wiki.
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January 20, 2018, 09:04:23 PM
 #16853




Byteball will grow like a snow ball. It is very hard or difficult not do anything about it. I can have a new job if I want, just teaching five people everyday  about byteball I will get 100 dollars, this other five people will do the same... and so on...Byteball can pass bitcoin very easy.  And because of the lack of exchages for byteball, it has the potential for people to people exchage...I think it cannot get any better than this...Tony and your team deserve a lot respect...
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January 20, 2018, 09:07:18 PM
 #16854

They give free tokens Tangos and Zingos on the basis of byteball. Two kinds, they do not have value (I first typed, and then only subtracted Grin) are distributed through chat with the bot. Designed for testing text, smart contracts. For outgoing transactions, respectively, have to pay. If you search, even on youtube, there were commercials with their distribution.
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January 20, 2018, 09:57:59 PM
 #16855

Yes bot is back, but my verification failed. Worst spent 8$ (bytes were from EcuaMobi  Angry). They should allow multiple tries if verification fails for the first time.
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January 20, 2018, 10:13:25 PM
 #16856

I also wrote a tutorial for the ID attestation: https://steemit.com/byteball/@wekkel/byteball-unleash-the-wave

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January 20, 2018, 11:15:50 PM
 #16857

I also wrote a tutorial for the ID attestation: https://steemit.com/byteball/@wekkel/byteball-unleash-the-wave

Nice work!

=P
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January 20, 2018, 11:37:42 PM
 #16858

I sure hope Jumio kicks back a % to the byteball community fund or even tony himself for all the new business they are getting!
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January 21, 2018, 12:21:04 AM
 #16859

For what I've seen the verification process works perfectly fine when using a passport. However, when using a national ID, the process fails with ERROR_NOT_READABLE_ID.

Is it possible the process expects a specific ID format? For example only U.S. (or other single country) ID or driving license? I'd guess there's no issue when using a passport because its format is more standard internationally.

If Jumio expects only some specific format, it should be clearly stated.

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January 21, 2018, 01:35:08 AM
 #16860

For what I've seen the verification process works perfectly fine when using a passport. However, when using a national ID, the process fails with ERROR_NOT_READABLE_ID.

Is it possible the process expects a specific ID format? For example only U.S. (or other single country) ID or driving license? I'd guess there's no issue when using a passport because its format is more standard internationally.

If Jumio expects only some specific format, it should be clearly stated.

And unless it is corrected soon, it should also be stated that if you get it wrong, you will pay for each attempt.
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