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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1152867 times)
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February 18, 2018, 12:44:36 PM
 #17341

Hi, I created a discord server for discussing DAG coins. Every DAG is listed and has its own channel.

https://discord.gg/auFsMSD.

Feel free to join us ! See ya.  Wink
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February 18, 2018, 03:34:52 PM
 #17342

Hello!
I need to clarify this unpleasant story.
(...)
Nevertheless, some of the participants consider themselves offended. It's up to you, but in my opinion we did more than we should have.
(..)
Meet new ICO on BB Platform.
https://silentnotary.com/


I apologize with the beloved Byteball community if replying to the long post of SilentNotary (which here I'm only partially posting, click on the quote link to read it all) might be offtopic, but since there is some hype here on Byteball thread about SilentNotary going to use Byteball for its ICO, perhaps that's not entirely offtopic. Know your partners, after all.
It does not impress me the fact that after its first failed ICO SilentNotary has paid some of the bounty hunters. The fact is that so many were not paid, especially those who were quietly waiting to receive their stakes without staying on the forum all the time harassing the team with continuous questions and that begging attitude and constant whining which is so despicable, hateful and without any dignity. I admit I was one of those quite ones, who has waited faithfully and finally got nothing for all my work. Now, I don't really care for those few tokens from a social campaign, which I'm not even sure they are worth something now, but I care about the principle. And I don't care if "legally" SilenNotary was not obliged to pay those who had worked for them. This is something which has to do with ethics, and human quality. Your actions define you for what you are. And if you don't take any measures to be sure to pay EVERYBODY who has worked for you, just because you don't feel legally obliged to, you are just..., well I let anyone fill the dots with their best words.
Meet Byteball's new partner.
This is their lovely final message to their bounty community:
https://bitcointalk.org/index.php?topic=2016468.msg24451549#msg24451549

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tonych
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February 18, 2018, 06:30:48 PM
Merited by LoyceV (1), TheFuzzStone (1)
 #17343

An update about future distribution plans.

So far, bytes were mainly distributed via airdrops to holders of BTC and Bytes, and a relatively small portion was distributed through the cashback program.  We started this free distribution with the purpose of getting the currency as wide spread as possible, and while the purpose stays the same, methods can change.  The airdrop method worked well to get the initial user base, but it also proved to be the least efficient in terms of user acquisition cost.

Over the next few months, we'll add more methods of free distribution.  One of them is already being developed, I expect it to be ready in the first half of December.  

The new methods are designed to grow our user base faster than the money supply.

While the new methods are still untested, it is early to drop the airdrops.  That's why the next round of distribution to Bytes and BTC holders is tentatively planned for the full moon of March 2, 2018.  The rules are the same as in the previous round:

For every 16 BTC you receive 0.1 GB,
For every 1 GB you receive additional 0.1 GB,

and similar rules for blackbytes.

This round can be postponed or even canceled depending on performance of other distribution methods.

As I said before, airdrops to holders of BTC and Bytes, which we did on full moons, were a good way to bootstrap the network and get initial attention.  But last few airdrops failed to attract any significant number of new users while quickly consuming the undistributed pool.  We had to pivot to other distribution methods, but at the time I was writing the above post they were not ready yet, and I had to tentatively put another old-style airdrop on the calendar.

Now that the new distribution methods are ready and proven, and we've added even more methods than originally planned, the March airdrop is cancelled.  November airdrop was the last one that paid to holders in proportion to their balances.

This is the list of the current distribution methods (in no particular order) that we'll continue to use and improve:

1. Cashback.

2. Verification rewards and referral rewards to those who verify their real name.  It is true that the referral system didn't work quite well for new users who have no Bytes yet, and we are going to introduce a new scheme which will allow to refer new users without sending them any Bytes.

3. Giveaways, such as those that Rafael does to his youtube subscribers.

4. Mass sending of textcoins to subscribers of our partners.  We have done two so far https://docs.google.com/spreadsheets/d/1heT6TUSpTJgRW-FUM0LbcoVjXZRCb3PbXQQLmzvNRvM/edit#gid=323859176 and will work on improving conversion in the future campaigns.

Other similar methods will be added over time, the purpose is to use the remaining undistributed coins most efficiently to acquire as many new users as possible.

There were multiple suggestions to redirect a part of undistributed funds from free distribution, i.e. from acquiring users, and spend it for hiring more people, paying contractors, etc.  While I understand the reasoning behind these suggestions, it is also important that we learn to spend money wisely, with the maximum effect per spent $, before (and if) we scale up the budget.  Anyway, it is unnecessary to repurpose the undistributed funds now as we have enough funds in the Community Fund to fund the current operations in the near future: it is over $1m in Bytes (plus another $1m in less liquid blackbytes).

Simplicity is beauty
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February 18, 2018, 06:55:38 PM
 #17344

Thank you Tony! This is excellent news  Cheesy Cheesy
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February 18, 2018, 08:47:09 PM
 #17345

All for holding off on giving community funds to BTC holders who just dump immediately. Glad the KYC referral staying in place as Ive added some people and want to add more.
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February 18, 2018, 08:50:03 PM
 #17346

I am so excited about the next full moon.

Do you guys have already fixed the Segwit claim problem with the transition bot?

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February 18, 2018, 09:03:23 PM
 #17347


As I said before, airdrops to holders of BTC and Bytes, which we did on full moons, were a good way to bootstrap the network and get initial attention.  But last few airdrops failed to attract any significant number of new users while quickly consuming the undistributed pool.  We had to pivot to other distribution methods, but at the time I was writing the above post they were not ready yet, and I had to tentatively put another old-style airdrop on the calendar.

Now that the new distribution methods are ready and proven, and we've added even more methods than originally planned, the March airdrop is cancelled.  November airdrop was the last one that paid to holders in proportion to their balances.

This is the list of the current distribution methods (in no particular order) that we'll continue to use and improve:

1. Cashback.

2. Verification rewards and referral rewards to those who verify their real name.  It is true that the referral system didn't work quite well for new users who have no Bytes yet, and we are going to introduce a new scheme which will allow to refer new users without sending them any Bytes.

3. Giveaways, such as those that Rafael does to his youtube subscribers.

4. Mass sending of textcoins to subscribers of our partners.  We have done two so far https://docs.google.com/spreadsheets/d/1heT6TUSpTJgRW-FUM0LbcoVjXZRCb3PbXQQLmzvNRvM/edit#gid=323859176 and will work on improving conversion in the future campaigns.

Other similar methods will be added over time, the purpose is to use the remaining undistributed coins most efficiently to acquire as many new users as possible.

There were multiple suggestions to redirect a part of undistributed funds from free distribution, i.e. from acquiring users, and spend it for hiring more people, paying contractors, etc.  While I understand the reasoning behind these suggestions, it is also important that we learn to spend money wisely, with the maximum effect per spent $, before (and if) we scale up the budget.  Anyway, it is unnecessary to repurpose the undistributed funds now as we have enough funds in the Community Fund to fund the current operations in the near future: it is over $1m in Bytes (plus another $1m in less liquid blackbytes).


How Blackbytes are going to be be distributed ? As far as I know none of these methods above distribute Blackbytes.

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Byteball Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
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February 18, 2018, 10:44:17 PM
 #17348


Now that the new distribution methods are ready and proven, and we've added even more methods than originally planned, the March airdrop is cancelled.  November airdrop was the last one that paid to holders in proportion to their balances.

This is the list of the current distribution methods (in no particular order) that we'll continue to use and improve:

1. Cashback.

2. Verification rewards and referral rewards to those who verify their real name.  It is true that the referral system didn't work quite well for new users who have no Bytes yet, and we are going to introduce a new scheme which will allow to refer new users without sending them any Bytes.

3. Giveaways, such as those that Rafael does to his youtube subscribers.

4. Mass sending of textcoins to subscribers of our partners.  We have done two so far https://docs.google.com/spreadsheets/d/1heT6TUSpTJgRW-FUM0LbcoVjXZRCb3PbXQQLmzvNRvM/edit#gid=323859176 and will work on improving conversion in the future campaigns.

IMO this is very bad news. None of these methods are "proven" as you say, and they are all far more opaque than distributing to addresses with balances that can be checked on the networks.

How many dollar-equivalents have been spent in the cashback program so far? What's there been like 50 people send their passport to Juobi or whatever now? Youtube crypto scam videos? Really?

There are still 40% of coins to distribute, and now they are basically completely able to be distributed by shady backroom deals or not at all. There is no way to validate distribution beyond this point. So long and thanks for all the fish.
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February 18, 2018, 11:08:00 PM
 #17349

An update about future distribution plans.

So far, bytes were mainly distributed via airdrops to holders of BTC and Bytes, and a relatively small portion was distributed through the cashback program.  We started this free distribution with the purpose of getting the currency as wide spread as possible, and while the purpose stays the same, methods can change.  The airdrop method worked well to get the initial user base, but it also proved to be the least efficient in terms of user acquisition cost.

Over the next few months, we'll add more methods of free distribution.  One of them is already being developed, I expect it to be ready in the first half of December.  

The new methods are designed to grow our user base faster than the money supply.

While the new methods are still untested, it is early to drop the airdrops.  That's why the next round of distribution to Bytes and BTC holders is tentatively planned for the full moon of March 2, 2018.  The rules are the same as in the previous round:

For every 16 BTC you receive 0.1 GB,
For every 1 GB you receive additional 0.1 GB,

and similar rules for blackbytes.

This round can be postponed or even canceled depending on performance of other distribution methods.

As I said before, airdrops to holders of BTC and Bytes, which we did on full moons, were a good way to bootstrap the network and get initial attention.  But last few airdrops failed to attract any significant number of new users while quickly consuming the undistributed pool.  We had to pivot to other distribution methods, but at the time I was writing the above post they were not ready yet, and I had to tentatively put another old-style airdrop on the calendar.

Now that the new distribution methods are ready and proven, and we've added even more methods than originally planned, the March airdrop is cancelled.  November airdrop was the last one that paid to holders in proportion to their balances.

This is the list of the current distribution methods (in no particular order) that we'll continue to use and improve:

1. Cashback.

2. Verification rewards and referral rewards to those who verify their real name.  It is true that the referral system didn't work quite well for new users who have no Bytes yet, and we are going to introduce a new scheme which will allow to refer new users without sending them any Bytes.

3. Giveaways, such as those that Rafael does to his youtube subscribers.

4. Mass sending of textcoins to subscribers of our partners.  We have done two so far https://docs.google.com/spreadsheets/d/1heT6TUSpTJgRW-FUM0LbcoVjXZRCb3PbXQQLmzvNRvM/edit#gid=323859176 and will work on improving conversion in the future campaigns.

Other similar methods will be added over time, the purpose is to use the remaining undistributed coins most efficiently to acquire as many new users as possible.

There were multiple suggestions to redirect a part of undistributed funds from free distribution, i.e. from acquiring users, and spend it for hiring more people, paying contractors, etc.  While I understand the reasoning behind these suggestions, it is also important that we learn to spend money wisely, with the maximum effect per spent $, before (and if) we scale up the budget.  Anyway, it is unnecessary to repurpose the undistributed funds now as we have enough funds in the Community Fund to fund the current operations in the near future: it is over $1m in Bytes (plus another $1m in less liquid blackbytes).


Thanks for the updates. I think it would be better to have more transparency of the future distribution.
BTW, is there any plan to reband the project to attract more audiences as a marketing strategy as NEO(Antshare)/NANO(Railblocks) did?
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February 18, 2018, 11:21:50 PM
 #17350


Now that the new distribution methods are ready and proven, and we've added even more methods than originally planned, the March airdrop is cancelled.  November airdrop was the last one that paid to holders in proportion to their balances.

This is the list of the current distribution methods (in no particular order) that we'll continue to use and improve:

1. Cashback.

2. Verification rewards and referral rewards to those who verify their real name.  It is true that the referral system didn't work quite well for new users who have no Bytes yet, and we are going to introduce a new scheme which will allow to refer new users without sending them any Bytes.

3. Giveaways, such as those that Rafael does to his youtube subscribers.

4. Mass sending of textcoins to subscribers of our partners.  We have done two so far https://docs.google.com/spreadsheets/d/1heT6TUSpTJgRW-FUM0LbcoVjXZRCb3PbXQQLmzvNRvM/edit#gid=323859176 and will work on improving conversion in the future campaigns.

IMO this is very bad news. None of these methods are "proven" as you say, and they are all far more opaque than distributing to addresses with balances that can be checked on the networks.

How many dollar-equivalents have been spent in the cashback program so far? What's there been like 50 people send their passport to Juobi or whatever now? Youtube crypto scam videos? Really?

There are still 40% of coins to distribute, and now they are basically completely able to be distributed by shady backroom deals or not at all. There is no way to validate distribution beyond this point. So long and thanks for all the fish.
it seems the beginning of the End to Byteball, none of the distribution method mentioned above impress me
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February 18, 2018, 11:26:49 PM
 #17351


Do you guys have already fixed the Segwit claim problem with the transition bot?HuhHuh?
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February 18, 2018, 11:44:59 PM
 #17352


Do you guys have already fixed the Segwit claim problem with the transition bot?HuhHuh?
there is not more distribution to Bitcoin or Byteball holders so there is not need to link your segwit/legacy Bitcoin address.
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February 19, 2018, 01:10:22 AM
Last edit: February 19, 2018, 01:27:43 AM by Big Naturals
 #17353

IMO this is very bad news. None of these methods are "proven" as you say, and they are all far more opaque than distributing to addresses with balances that can be checked on the networks.

How many dollar-equivalents have been spent in the cashback program so far? What's there been like 50 people send their passport to Juobi or whatever now? Youtube crypto scam videos? Really?

There are still 40% of coins to distribute, and now they are basically completely able to be distributed by shady backroom deals or not at all. There is no way to validate distribution beyond this point. So long and thanks for all the fish.

I agree, with so many coins still to distribute, new and better schemes need to be added asap, and transparency is essential. I'm not saying Tony can't do this, just that old system worked fine, just needed to remove exchange addresses etc

Finishing distribution asap is more critical than driving adoption now, in a bull market good crypto get adopted, and since 2017 crypto adoption is moving forward. I really hope Tony appreciates the need to be transparent, and that's difficult when third parties are involved in some of these distro methods.

Old school crypto people will hear bullshit detectors going off now, fud elert, exit scam accusations etc  Did not have to be this way, could have just stuck with full moons for another 6 months, anyone is free to buy BB and get some free airdrop. Simple is better than complicated, and these other methods will take years, and be prone to abuse.
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February 19, 2018, 01:15:24 AM
 #17354

Ehh, cancelation of aitdrop, Have to re-evaluate my trades for Gbyte. Short-term bearish, Long-term Bullish  Embarrassed
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February 19, 2018, 02:33:04 AM
 #17355

This means that the March airdrop is cancelled or that it is the last one? Somehow I do not get it, but leaving home tmr and I wanna know if I have to sign the BTC addresses.
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February 19, 2018, 02:56:42 AM
 #17356


Now that the new distribution methods are ready and proven, and we've added even more methods than originally planned, the March airdrop is cancelled.  November airdrop was the last one that paid to holders in proportion to their balances.

This is the list of the current distribution methods (in no particular order) that we'll continue to use and improve:

1. Cashback.

2. Verification rewards and referral rewards to those who verify their real name.  It is true that the referral system didn't work quite well for new users who have no Bytes yet, and we are going to introduce a new scheme which will allow to refer new users without sending them any Bytes.

3. Giveaways, such as those that Rafael does to his youtube subscribers.

4. Mass sending of textcoins to subscribers of our partners.  We have done two so far https://docs.google.com/spreadsheets/d/1heT6TUSpTJgRW-FUM0LbcoVjXZRCb3PbXQQLmzvNRvM/edit#gid=323859176 and will work on improving conversion in the future campaigns.

IMO this is very bad news. None of these methods are "proven" as you say, and they are all far more opaque than distributing to addresses with balances that can be checked on the networks.

How many dollar-equivalents have been spent in the cashback program so far? What's there been like 50 people send their passport to Juobi or whatever now? Youtube crypto scam videos? Really?

There are still 40% of coins to distribute, and now they are basically completely able to be distributed by shady backroom deals or not at all. There is no way to validate distribution beyond this point. So long and thanks for all the fish.
it seems the beginning of the End to Byteball, none of the distribution method mentioned above impress me

yeahhh... its not all that great, but i understand why they want to remove the full moon distribution
how about an exchange airdrop? Tron airdropped 500 coins to each Binance user in a deal with Binance. Perhaps Byteball can do something similar?

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February 19, 2018, 02:57:32 AM
Merited by Atdhe (1)
 #17357

This means that the March airdrop is cancelled or that it is the last one? Somehow I do not get it, but leaving home tmr and I wanna know if I have to sign the BTC addresses.

March airdrop is cancelled. confirmed on their twitter.

⚪ Byteball          I T   J U S T   W O R K S .   
Sending Crypto to Email   -   Risk-Free Conditional Smart Payments   -   ICO Platform with KYC
ANN THREAD                  TELEGRAM                     TWITTER                  MEDIUM                  SLACK                  REDDIT
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February 19, 2018, 03:24:39 AM
 #17358

Ehh, cancelation of aitdrop, Have to re-evaluate my trades for Gbyte. Short-term bearish, Long-term Bullish  Embarrassed
it won't be bullish before it mature and the coin won't mature before it's fully distributed and decentralized i can see a very long way to a fully distributed fully decentralized mature Byteball by then many coins will come and go so it's very hard to predict a bullish Byteball for now.
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February 19, 2018, 04:15:22 AM
 #17359

Ahh bummer, was hoping to get another airdrop in March.  Guess I'll just have to hold for a few more months to a year.  No biggy

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February 19, 2018, 04:23:36 AM
 #17360

Glad to see the March airdrop was cancelled. There is still way too much uncertainty in how the remaining bytes will be distributed though. That's why the price is collapsing. Giving bytes away is not the only way to "acquire users". People can afford to buy $20 worth themselves to use the network.

You should really focus on listing on Fiat exchanges. I'd say you should distribute 50% of the remaining bytes to bytes holders as a one-time thing, save 25% for the project, and save 25% to give away. $2m for development is really not much compared to the $200m you're saying you will give away for free.
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