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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1151251 times)
taurados
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February 21, 2018, 10:21:46 AM
 #17461

Sorry but cancelling the airdrop without any discussion was the badest thing ever could happen. DEV is selfish and only do things on his own. So i´m sad this coin will be dumped over and over next months.
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Marc De Mesel
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February 21, 2018, 10:25:37 AM
 #17462

hi guys Smiley

Also shared my opinion on the cancellation of airdrops by Tony:


"Byteball SALE 33% Off"
https://www.youtube.com/watch?v=xLi0ajJd6Tc


Early Bitcoin, Byteball & Bitcoin Cash Investor. Loving Voluntarysm, Lambos & Girls Wink
Check out my: https://youtube.com/user/Marcdemesel - https://twitter.com/marcdemesel & https://instagram.com/marc_de_mesel
Malek17
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February 21, 2018, 12:40:19 PM
 #17463

Sorry to intrude on the FUD, but......

I can only speak for myself, but I am in awe of the innovation of blockchain technology.  It offers western society, and the entire world, a decentralized financial system that affords ordinary people significantly more control over their money, and potential to gain wealth.
Speaking as a millennial with thousands of dollars of college debt, who feels disillusioned with our current financial and economic system, yet still clings to the idea of the American dream...I feel like many Byteball veterans have lost sight of the intention behind a DEcentralized financial system.  
...



Byteball is neither blockchain nor decentralized. Good luck with your beg.
not a western coin it’s a mankind coin
Malek17
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February 21, 2018, 12:47:22 PM
 #17464

Sorry to intrude on the FUD, but......

I can only speak for myself, but I am in awe of the innovation of blockchain technology.  It offers western society, and the entire world, a decentralized financial system that affords ordinary people significantly more control over their money, and potential to gain wealth.
Speaking as a millennial with thousands of dollars of college debt, who feels disillusioned with our current financial and economic system, yet still clings to the idea of the American dream...I feel like many Byteball veterans have lost sight of the intention behind a DEcentralized financial system.  

Now, and I may be misreading or not have all of the info here, so I say this based solely on what I have read in this thread:

The way many Byteball holders are responding to the idea of having to take [what will very likely be] a short-term loss in order to expand this opportunity for others is the kind of toxic attitude and thinking that made financial decentralization necessary in the first place.  
The idea that you deserve more of something simply by virtue of having already accumulated a lot before others had a chance to is the very definition of greed.  This is the sort of questionable ethical standard that keeps the average American out of the stock market or college.

Ever since I got into crypto, I have been trying to get my family and friends involved...but their always feel lost or confused by the flood of new information.  But when I explained Byteball to my boyfriend and showed him the wallet, he immediately understood and it MADE SENSE to him.  
The fact that this seems so incredibly unique+simple+userfriendly had me really excited about it when I started researching it.  

It's disheartening to see that many veterans of Byteball would prefer not to let others in on the opportunity.  

However, for those of you who are genuinely abandoning the project...I will VERY HAPPILY take all of your unwanted bits and bytes.  Cheesy
I can provide my FB to prove I'm not just a veteran looking for another way to cash in:  

VCV4CNBCODU3MPGU2D6ROHQIIEQ62FPG

Or just keep selling so I can buy some when I get paid!

But I hope that those who are remaining part of the community appreciate what an awesome project they're a part of, and how many people it could bring into the crypto space.   Smiley


try not to think there are 2 worlds your western world and the other world there is only one world
Malek17
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February 21, 2018, 01:32:40 PM
Last edit: February 21, 2018, 05:12:18 PM by Malek17
 #17465

hi guys Smiley

Also shared my opinion on the cancellation of airdrops by Tony:


"Byteball SALE 33% Off"
https://www.youtube.com/watch?v=xLi0ajJd6Tc


Sound some nonsense to me yes the Dev of any project should listen to the community without community this project is equal zero and you can share the one million byteball yourself and Tonych then.
The main problem here is not stopping the airdrop the problem is not finishing the distribution if he can finish the distribution with this new methods in 3 to 6 months that’s fine but it seems it will be going forever it’s a psychological game.
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February 21, 2018, 02:48:30 PM
 #17466

So this dip was only caused by the cancelled airdrop? Nothing else?

AFAIK, this is the main cause. Many people HODL Byteball in hopes of accumulating coin via airdrop. Now that HODL Byteballs no longer has this benefit, I'm sure many just dumped. Hopefully, more use cases can be developed for this coin.

I agreed. At least, I am one of those guys to buy Byteball for the 10% airdrop. Anyway, I didn't dump my holding in this round.
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February 21, 2018, 04:30:50 PM
 #17467

I think stopping the airdrops was a good decision for the simple reason that it is good for investors. And I think most people holding byteball today are investors and this is absolutely natural and unavoidable. Why? Because there is simply no other reason to hold bytes in the moment: you cannot purchase anything with it, you cannot use it as a matter to transfer money between exchanges. Sure you can argue, many people (me included) would like to see it suceeed as an everyday payment method, but this is pretty far in the future. But why should I hold bytes now, if I want to use it to buy a beer in a couple of years. The answer is because I think it goes up in price in the meantime and that makes me an investor.
Therefore I think Tony needs to care for investors, because this are the only people holding bytes for the time beeing. Even if that is not Tonys intended target audience, but it is definetely the audience he has to deal with, if the project shall gain more adoption.

But as I wrote before, the uncertainty what will happen with the undistributed funds is a killer argument for all investors. Nobody knows how many will be distributed over which time periods, therefore the price could crash completely, if too many new bytes become available. How about putting the undistributed funds into smart contracts, that lock them up for predefined periods of time, so everybody knows how much new bytes can be distributed per time period?

One more comment on exchanges: everybody wants to see Byteball adopted, so why don't we try to get it to more of the big exchanges in order to establish it as a way to transfer money between exchanges? Byteball has fast confirmation times and low fees, so this is a good use case that could be estabished in a reasonable time frame. There are not that many use cases for a new cryptocurrency and this is a obvious one that can help drive adoption.

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February 21, 2018, 04:55:35 PM
 #17468

Tonych's sudden decisions about airdrops made Byteball my worst investments in 2017. Value of Byteball platform is influenced by airdrop significantly at this moment. It should not be canceled completely just becouse of investors care. Postpone, reduce percentage, but not cancel. Platform needs time to adopt and mature. Price will grow in natural way but with less investors stress.
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February 21, 2018, 05:42:16 PM
 #17469

Sorry but cancelling the airdrop without any discussion was the badest thing ever could happen. DEV is selfish and only do things on his own. So i´m sad this coin will be dumped over and over next months.

Agree, the same as  you went to the bank to receive interest from  your deposit and they turned you down. And the worst of it is that tonych kept this from us until this last moment while many people kept buying. Seems it's okay for him not to play fair. He just  lost all my credibility.
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February 21, 2018, 06:04:35 PM
 #17470

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

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



Here is your link to receive 1,000,000 Bytes: http://www.beeb-bot.com/textcoinclaim.php#textcoin?message-build-between-call-prevent-awake-marble-fantasy-method-blade-couple-fatal

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)
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February 21, 2018, 06:46:04 PM
 #17471

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).



Womp Womp Womppp.... March (After Airdrop) was when I was going to start messing around with this project and really look into it. Unfortunate decision I think. Goodluck to the project, however.
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February 21, 2018, 06:57:58 PM
 #17472


Do you guys have already fixed the Segwit claim problem with the transition bot?HuhHuh?
Doesn't matter. Another promise broken...
If you were doubtful, don't announce it. Some people have bought GBYTE specifically for this airdrop, and are now royally screwed by the Byteball team (basically Tony).
MaryAngela_Fantocci
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February 21, 2018, 07:00:20 PM
 #17473

Without airdrops for holders market decided to go down. Maybe that will help distribution too, for me it's a buy signal for sure.

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  Semux uses 100% original codebase
  Superfast with 30 seconds instant finality
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creative~mind
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February 21, 2018, 07:46:24 PM
 #17474


Do you guys have already fixed the Segwit claim problem with the transition bot?HuhHuh?
Doesn't matter. Another promise broken...
If you were doubtful, don't announce it. Some people have bought GBYTE specifically for this airdrop, and are now royally screwed by the Byteball team (basically Tony).
AFAIK, it was stated by Tony that the last airdrop could be canceled or postponed. Someone correct me if I'm wrong.

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February 21, 2018, 07:55:18 PM
Last edit: February 21, 2018, 08:05:24 PM by julian071
 #17475

Great to see all the naggers leave! Hopefully we will be talking about something other then the free bytes they want to dump for fiat.


=P
maursader
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February 21, 2018, 08:54:55 PM
 #17476

unfortunate about the canceling the distribution.   

If we're going to change things on the fly, we not rebrand and ICO the remaining coins to build a proper team of devs/foundation for the platform.


I personally think that this more a good news than a bad one.

I bought into Byteball, because I think there will not be so much selling pressure in the near future.
zanzibar
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February 21, 2018, 10:46:27 PM
 #17477

Perfect time for a rebrand, after everyone has dumped.
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February 22, 2018, 02:02:54 AM
 #17478

i went out of my way to sign a message for this march airdrop.  you should at least honor the march airdrop.
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February 22, 2018, 02:18:07 AM
 #17479


Do you guys have already fixed the Segwit claim problem with the transition bot?HuhHuh?
Doesn't matter. Another promise broken...
If you were doubtful, don't announce it. Some people have bought GBYTE specifically for this airdrop, and are now royally screwed by the Byteball team (basically Tony).

You can't fix something that isn't broken.
You can't sign with a segwit address, so, it was never broken or possible.

You can't do it, so there is no sense bitching about it.   Meh, I guess you can complain all you want, but it's not going to change.
In the same token, you can complain that you can't roll a 13 on the craps table, but it will not change the fact that you can't roll it.


i went out of my way to sign a message for this march airdrop.  you should at least honor the march airdrop.

You mean you had to sign a message in hopes to get free money for the 30 seconds of work?  Sorry your labor wasn't rewarded with an airdrop that was never promised.  Yes, it was tentative, but nothing promised.  Shame on them for not giving free money to the public like they did for a full year.  Shame.

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February 22, 2018, 02:41:42 AM
 #17480

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.

All the people disappointed that they will not get free coins any more should think that what gives MORE value to a coin is the growth of its adoption base, not the growth of the number of coins in their own wallets. Tony's new distribution systems are still not completely (or if you prefer - remotely) satisfying, but anyway they are much better that just giving those coins to us, which would be of no use for the growth of the adoption base.

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