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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216896 times)
BillionairePal
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January 19, 2018, 08:14:15 AM
Last edit: January 19, 2018, 08:58:49 AM by BillionairePal
 #16861

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).
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xenon131
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January 19, 2018, 08:20:58 AM
Merited by naska21 (5)
 #16862


bad,  bad idea. $12 net income may be attractive to the lowest social stratum in crypto community, consisting of the poor and unemployed.  They will dump it at once and forget about Byteball. Decent ppl who may support platform will never tag identity. Very displeased indeed.

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BillionairePal
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January 19, 2018, 09:01:07 AM
 #16863

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?
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January 19, 2018, 10:08:18 AM
 #16864

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 love it!

This is exactly the kind of creative thinking I was hoping to encourage:
https://bitcointalk.org/index.php?topic=1608859.msg28085267#msg28085267
BillionairePal
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January 19, 2018, 11:04:35 AM
 #16865

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 love it!

This is exactly the kind of creative thinking I was hoping to encourage:
https://bitcointalk.org/index.php?topic=1608859.msg28085267#msg28085267

agreed. and there is one step more that we could take:

why bother with sending payments hence and forth?
if the registrant to Jumio provides a verified referer address (or the referer address stored in the wallet is verified at the time of registration) and the user is verified pay Jumio $8 worth of Byteball out of the community fund and then pay $20 to the registrant and $12 to the referer. Mathematically it's the same, but it can be executed immediately during the registration without waiting for the referer to send funds or without him having to have any balance on the account. This would speed up the virality even higher and automate the process. A REAL affiliate program, where the referrer doesn't need to manage payments and has more time to take care of the marketing.
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January 19, 2018, 01:25:58 PM
 #16866

I've read people complaining about 2 problems regarding referrals and verified users:
  • When sending someone $8 to refer them, how to be sure they will use that to verify themselves instead of just getting the $8
  • For new users who want to verify their identity, how to easily get/buy $8 worth of GB
I think the idea behind this is to only refer people you know and trust. It's not meant to advertise on a website, it's meant to get Real Life people to join.
And this way the new user gets to actually see his Byteball wallet in action for the first time.


I can create a thread in Currency exchange to sell new users 12 MBYTE to start. Would there be any demand for this? I'd be happy to exchange funds for 12 MBYTE at Bittrex to help out new users.
The main problem with this is Bitcoin fees are too high to buy such a small amount though.

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January 19, 2018, 02:15:00 PM
 #16867


bad,  bad idea. $12 net income may be attractive to the lowest social stratum in crypto community, consisting of the poor and unemployed.  They will dump it at once and forget about Byteball. Decent ppl who may support platform will never tag identity. Very displeased indeed.

I don't even care that much about revealing identity, but I agree with you many will. For me I'm just not jumping through hoops to get $12 of something that is not even very spendable. I'm not saying it's the worst idea, but...
Birkensekt
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January 19, 2018, 03:09:52 PM
 #16868

How many single wallets i can verify by myself? I think, i have to pay always 8$, but get only once signup bonus. Is it right?


One identity = one hash = one single reward.

Its not about the reward, if i have two divices and i don't want a multi sig wallet, it its possible to verify both without reward? Can i verify as many single wallets as i want, of course without reward?
IckyYak22871
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January 19, 2018, 03:10:43 PM
 #16869


bad,  bad idea. $12 net income may be attractive to the lowest social stratum in crypto community, consisting of the poor and unemployed.  They will dump it at once and forget about Byteball. Decent ppl who may support platform will never tag identity. Very displeased indeed.

But Byteball will never forget about them! MWHAHAHAHA!!!
IckyYak22871
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January 19, 2018, 03:14:11 PM
 #16870

How many single wallets i can verify by myself? I think, i have to pay always 8$, but get only once signup bonus. Is it right?


One identity = one hash = one single reward.

Its not about the reward, if i have two divices and i don't want a multi sig wallet, it its possible to verify both without reward? Can i verify as many single wallets as i want, of course without reward?

Yes. https://bitcointalk.org/index.php?topic=1608859.msg28440014#msg28440014

EDIT: And I think, it would fair not to charge additional $8 for verification of additional addresses.
ByteFan
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January 19, 2018, 03:19:02 PM
 #16871

How many single wallets i can verify by myself? I think, i have to pay always 8$, but get only once signup bonus. Is it right?


One identity = one hash = one single reward.

Its not about the reward, if i have two divices and i don't want a multi sig wallet, it its possible to verify both without reward? Can i verify as many single wallets as i want, of course without reward?

Yes you can verify as many single address wallet (only) as you want (without reward but with fee).

Byteball payment gateway for web merchants https://byteball-for-merchants.com/ - BEEB  (Blackbytes Exchange Bot): https://www.beeb-bot.com/ (closed)
Network map, stats, Top Richests and Byteball world map at https://byteball.fr/ (closed) - Hub operator featuring the cashback witness https://byteball-cashback-witness.com (closed)
TheMuppet
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January 19, 2018, 03:23:35 PM
 #16872

Has anyone been buying Blackbytes?  Have you been able to use the Blackbytes?

I'm thinking of loading up.

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ByteFan
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January 19, 2018, 03:27:48 PM
 #16873

Has anyone been buying Blackbytes?  Have you been able to use the Blackbytes?

I'm thinking of loading up.

You can buy some on http://beeb-bot.com

It is mainly speculative as there is no real world usage as far as I know.

Byteball payment gateway for web merchants https://byteball-for-merchants.com/ - BEEB  (Blackbytes Exchange Bot): https://www.beeb-bot.com/ (closed)
Network map, stats, Top Richests and Byteball world map at https://byteball.fr/ (closed) - Hub operator featuring the cashback witness https://byteball-cashback-witness.com (closed)
bottacoin
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January 19, 2018, 04:06:00 PM
 #16874


*** More than 100GB traded on BinaryBalls ***

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January 19, 2018, 04:16:44 PM
 #16875

I have migrated all my Bitcoins to a Segwit address. But now I can not claim GBYTE with my BTC balance? Right?
bobo012
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January 19, 2018, 05:46:33 PM
 #16876

I have migrated all my Bitcoins to a Segwit address. But now I can not claim GBYTE with my BTC balance? Right?

Right, you cant get them with segwit address. And you cant claim retroactively.
Apraksin
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January 19, 2018, 07:17:56 PM
 #16877

Has anyone been buying Blackbytes?  Have you been able to use the Blackbytes?

I'm thinking of loading up.

I bought a huge pile, they are just so cheap.
muvie
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January 19, 2018, 07:24:55 PM
 #16878

I have migrated all my Bitcoins to a Segwit address. But now I can not claim GBYTE with my BTC balance? Right?

Right, you cant get them with segwit address. And you cant claim retroactively.
Will that be implemented in the near future? And please check out https://byteroll.com/. It is not reachable the whole day. Seems like webserver crashed.
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January 19, 2018, 07:46:54 PM
 #16879

RaiBlocks, IOTA and the Undervalued Byteball

To help fix blockchain issues, new technologies are emerging on the market, known as data acyclic graph systems (DAG). New cryptocurrencies have emerged, such as IOTA, RailBlocks and Byteball. The systems upon which these currencies are based allow users to further leverage the potential of the technology.

Byteball has a lot of benefits.

To find out more about it read: https://coinidol.com/raiblocks-iota-and-undervalued-byteball/

atlas21
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January 19, 2018, 09:06:53 PM
 #16880

RaiBlocks, IOTA and the Undervalued Byteball

To help fix blockchain issues, new technologies are emerging on the market, known as data acyclic graph systems (DAG). New cryptocurrencies have emerged, such as IOTA, RailBlocks and Byteball. The systems upon which these currencies are based allow users to further leverage the potential of the technology.

Byteball has a lot of benefits.

To find out more about it read: https://coinidol.com/raiblocks-iota-and-undervalued-byteball/

https://coinidol.com/upload/resize_cache/iblock/334/900_900_1/3344bb9251891ed7a21efc84df8bfd9b.jpg

i thought DAG stood for: Directed Acyclic Graph.

Made me not want to read the article...
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