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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216764 times)
naska21
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February 22, 2018, 08:02:18 AM
 #17461

Announcement from chief developer Tony on Slack:

Quote
there are about 2000 people who linked their btc address since november in anticipation of the cancelled airdrop.  We'll do a small airdrop for them, about $30 worth to each.  Both to those who linked via microtx (and spent money) and those who linked by signing.  Even if BTC balance is 0.  They are all new users after all.

Sounds like a fair deal , considering the current  situation that surrounds March airdrop.However, the lack of clear rules determining the distribution of both bytes and blackbytes with regard to 40% left in dev's  hands  issues a source of markets' cautious toward Byteball.

whole nazca signature space owned by naska21 for rent, feel free to PM me
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February 22, 2018, 08:13:09 AM
 #17462

Announcement from chief developer Tony on Slack:

Quote
there are about 2000 people who linked their btc address since november in anticipation of the cancelled airdrop.  We'll do a small airdrop for them, about $30 worth to each.  Both to those who linked via microtx (and spent money) and those who linked by signing.  Even if BTC balance is 0.  They are all new users after all.


Nice!

A good move in the right direction!


Why not consider giving all linked accounts $30?
 - After the Cryptopia Situation is fixed of course . . .and we're done  Grin



 (Don't forget to include the BlackBytes as well)



In the right direction? It's even worse than simply cancelling the whole airdrop completely.

Anyway... I will keep hodling because I think Byteball is fundamentally a good idea and technology. I just hope that, in the future, it gets its shit together and begins to also have any potential as an investment too.

Fortunately, for most people it is just a matter of "don't looking a gift horse in the mouth". For the rest... just remember to "not invest more than you are willing to lose". It doesn't make any sense to keep arguing what Byteball should be or do... it is what it is, take it or leave it.

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February 22, 2018, 08:23:15 AM
 #17463

Announcement from chief developer Tony on Slack:

Quote
there are about 2000 people who linked their btc address since november in anticipation of the cancelled airdrop.  We'll do a small airdrop for them, about $30 worth to each.  Both to those who linked via microtx (and spent money) and those who linked by signing.  Even if BTC balance is 0.  They are all new users after all.


Nice!

A good move in the right direction!


Why not consider giving all linked accounts $30?
 - After the Cryptopia Situation is fixed of course . . .and we're done  Grin



 (Don't forget to include the BlackBytes as well)



In the right direction? It's even worse than simply cancelling the whole airdrop completely.

Anyway... I will keep hodling because I think Byteball is fundamentally a good idea and technology. I just hope that, in the future, it gets its shit together and begins to also have any potential as an investment too.

Fortunately, for most people it is just a matter of "don't looking a gift horse in the mouth". For the rest... just remember to "not invest more than you are willing to lose". It doesn't make any sense to keep arguing what Byteball should be or do... it is what it is, take it or leave it.


Even worse? how can you say that?

Many were out of pocket over this, and you can't really blame anyone for believing it was going to happen - that would be a bit harsh dont you think?

It's a decent and ethical thing to do - a step in the right direction - and they are new users.

I think you make some good points otherwise.

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February 22, 2018, 08:47:48 AM
 #17464

On the off chance Tony that you haven't considered this:

Absent you burning those coins, there is a guaranteed 40% inflation that is going to happen to the circulating supply of this currency. When you issue a statement suggesting that a portion of this new currency won't go to the existing holders in proportion, to the extent that they believe you, you reduce the value of their coins by that percentage almost instantly, or increase it when you do the reverse. Until the distribution ends, you are in effect in the position of Janet Yellen, or any other central banker when speaking or acting on the money supply. This is ironically what many of the non-speculators originally got into this space to avoid, and while this is unavoidable to some extent while the distribution continues, the damage can be minimized by being clear in how you intend the split between current holders and new holders to be, and being as consistent as possible with the distribution model and as gradual when making changes as possible. Ultimately ending the distribution and returning to the algorithmically determined (0%) inflation rate as soon as possible is the best outcome unless you are certain you can spend those investors money to create more or the same value added to the system, including the uncertainty and volatility you are inducing.

Until this ends you are acting as lead core dev, primary witness, and also as stated above as primary market maker. These are the three blockchain constituencies (devs, miners, and holders) that are meant to be decentralized and hold each other in check. You must take steps to free this project up if it is to reach its full potential. That means more witnesses, more devs with better community interaction and governance structure, and a more consistent distribution plan. The technology is amazing and has brilliant potential, but without these things no matter how good the tech is, you are essentially running a centralized database with extra steps.
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February 22, 2018, 08:49:30 AM
 #17465

Announcement from chief developer Tony on Slack:

Quote
there are about 2000 people who linked their btc address since november in anticipation of the cancelled airdrop.  We'll do a small airdrop for them, about $30 worth to each.  Both to those who linked via microtx (and spent money) and those who linked by signing.  Even if BTC balance is 0.  They are all new users after all.


Nice!

A good move in the right direction!


Why not consider giving all linked accounts $30?
 - After the Cryptopia Situation is fixed of course . . .and we're done  Grin



 (Don't forget to include the BlackBytes as well)



In the right direction? It's even worse than simply cancelling the whole airdrop completely.

Anyway... I will keep hodling because I think Byteball is fundamentally a good idea and technology. I just hope that, in the future, it gets its shit together and begins to also have any potential as an investment too.

Fortunately, for most people it is just a matter of "don't looking a gift horse in the mouth". For the rest... just remember to "not invest more than you are willing to lose". It doesn't make any sense to keep arguing what Byteball should be or do... it is what it is, take it or leave it.


Even worse? how can you say that?

Many were out of pocket over this, and you can't really blame anyone for believing it was going to happen - that would be a bit harsh dont you think?

It's is a decent and ethical thing to do - a step in the right direction - and they are new users.

I think you make some good points otherwise.



It's even worse for the following reasons:

1) Another change of plans! First there will probably airdrop, next it gets cancelled, now it goes to some people but not others.... What will be next? Uncertainty! It would be better to just stick to a "bad" plan... than not having any plan and just keep changing everything all the time for no apparent reason.

2) It's good to send something to new users, of course. But what happens to the ones that were already faithful to the project and were linked since before november? Well, they are not new users, so no "promotion" for them... it makes sense if you are a cellphone company that doesn't really care screwing previous customers. Doesn't look like the best strategy in crypto as one of the strong points of top coins is previous customers loyalty (hodlers).

3) This "change of plans" is now a fundamental "feature" of Byteball as this has been happening since the first cancellation of regular "full moon" airdrops many months back.

4) There is still a 40% of the coins that are still pending distribution and, given the erratic pattern of decisions regarding when, how and to whom, nobody currently knows what to expect about it. Did I say uncertainty already?
And when you don't know what to expect.... it's better to expect the worse even if to err on the safe side. Fool me once... you know.

Of course 2000 \* 30 = $60.000 that is not gonna change anything price wise even if it were fully and inmediately dumped but.... the impact on previous "hodlers" confidence and trust.....  that is going to hurt in the long run.

Anyway, as I said, Byteball is a project worth observing for its tech and maybe some time in the future investor's confidence is restored and it is also worth the risk of putting (more) money on it.

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February 22, 2018, 08:53:05 AM
 #17466

Tony needs to be a better Janet Yellen and distribute tokens in a conservative way. Let's say the price is steadily increasing by 0.5% per day. I would aim to distribute to new users at 0.25%.
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February 22, 2018, 09:01:32 AM
 #17467

Tony needs to be a better Janet Yellen and distribute tokens in a conservative way. Let's say the price is steadily increasing by 0.5% per day. I would aim to distribute to new users at 0.25%.

Be a Volker not a Yellen. Raise interest rates to match and fight the inflation. Or better yet, be a Ron Paul and "End The Fed".
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February 22, 2018, 09:35:13 AM
 #17468

Announcement from chief developer Tony on Slack:

Quote
there are about 2000 people who linked their btc address since november in anticipation of the cancelled airdrop.  We'll do a small airdrop for them, about $30 worth to each.  Both to those who linked via microtx (and spent money) and those who linked by signing.  Even if BTC balance is 0.  They are all new users after all.


Nice!

A good move in the right direction!


Why not consider giving all linked accounts $30?
 - After the Cryptopia Situation is fixed of course . . .and we're done  Grin



 (Don't forget to include the BlackBytes as well)



In the right direction? It's even worse than simply cancelling the whole airdrop completely.

Anyway... I will keep hodling because I think Byteball is fundamentally a good idea and technology. I just hope that, in the future, it gets its shit together and begins to also have any potential as an investment too.

Fortunately, for most people it is just a matter of "don't looking a gift horse in the mouth". For the rest... just remember to "not invest more than you are willing to lose". It doesn't make any sense to keep arguing what Byteball should be or do... it is what it is, take it or leave it.


Even worse? how can you say that?

Many were out of pocket over this, and you can't really blame anyone for believing it was going to happen - that would be a bit harsh dont you think?

It's is a decent and ethical thing to do - a step in the right direction - and they are new users.

I think you make some good points otherwise.



It's even worse for the following reasons:

1) Another change of plans! First there will probably airdrop, next it gets cancelled, now it goes to some people but not others.... What will be next? Uncertainty! It would be better to just stick to a "bad" plan... than not having any plan and just keep changing everything all the time for no apparent reason.

2) It's good to send something to new users, of course. But what happens to the ones that were already faithful to the project and were linked since before november? Well, they are not new users, so no "promotion" for them... it makes sense if you are a cellphone company that doesn't really care screwing previous customers. Doesn't look like the best strategy in crypto as one of the strong points of top coins is previous customers loyalty (hodlers).

3) This "change of plans" is now a fundamental "feature" of Byteball as this has been happening since the first cancellation of regular "full moon" airdrops many months back.

4) There is still a 40% of the coins that are still pending distribution and, given the erratic pattern of decisions regarding when, how and to whom, nobody currently knows what to expect about it. Did I say uncertainty already?
And when you don't know what to expect.... it's better to expect the worse even if to err on the safe side. Fool me once... you know.

Of course 2000 \* 30 = $60.000 that is not gonna change anything price wise even if it were fully and inmediately dumped but.... the impact on previous "hodlers" confidence and trust.....  that is going to hurt in the long run.

Anyway, as I said, Byteball is a project worth observing for its tech and maybe some time in the future investor's confidence is restored and it is also worth the risk of putting (more) money on it.


Again, you make some valid points, however, if they follow the added recommendation I made, things might look even better from a PR perspective.
 
Although it would be much less for the big guys, everyone would get something, and there would be far less to complain about
 - it could also go a long way toward healing a large part of the Community that feels somewhat betrayed.

It's a decent compromise to put the best possible face on the current situation & low morale, and help Build Community.

There is good reason to believe that small accounts that are rewarded with $30 are far more likely to get excited
 and promote the ByteBall asset even more - it's definitely worth considering.

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February 22, 2018, 12:35:26 PM
 #17469



2) It's good to send something to new users, of course.

Are they really new or just a couple of old shills who created thousands of free accounts , say on Microsoft Azure?  The question remains open here.

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..PLAY'n  GO.....
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LoyceV
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February 22, 2018, 01:05:45 PM
 #17470

Are they really new or just a couple of old shills who created thousands of free accounts , say on Microsoft Azure?  The question remains open here.
This airdrop wasn't announced, so there was no reason to create empty accounts for it.
My last account was created before November, and part of the last airdrop already. So it won't receive extra Bytes.

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February 22, 2018, 01:24:06 PM
Merited by HCP (1)
 #17471

Here's an idea, make a new moderated thread and whoever says a word about the airdrop just simply delete their comment. I'm fucking sick and tired of reading through pages of pure welfare whining, it's disgusting. The same goes for those who cry that tonych still holds a big portion, you people act like you give a fuck and then buy ripple, dash and all the other shit that is heavily in the hands of developers and they are not even thinking about distributing it, that's their until they dump and that's it, still you people praise those.... I've been reading this forum less and less but every time I read it, the hatred just grows. It seems that all this crypto space is just a cesspool of parasites and beggars for food stamps. Seriously, you can't find information at all here without wasting hours (even after missing just 1-2 weeks) since it's all whining. Sell and GTFO already, really, you won't help yourself with all your whining, nothing will change, you guys state a million times that tonych doesn't listen to the "community" (sick twist on the word parasite), well why the fuck you think he will read or care about your whining now ? Put up your sell orders or dump directly but stop spamming this thread or slack with useless crying.

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February 22, 2018, 01:40:57 PM
 #17472

I love when there are projects that are aimed at developing technologies, creating a perfect crypto currency, it will be very interesting to observe the project
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February 22, 2018, 01:52:13 PM
 #17473

Here's an idea, make a new moderated thread and whoever says a word about the airdrop just simply delete their comment. I'm fucking sick and tired of reading through pages of pure welfare whining, it's disgusting. The same goes for those who cry that tonych still holds a big portion, you people act like you give a fuck and then buy ripple, dash and all the other shit that is heavily in the hands of developers and they are not even thinking about distributing it, that's their until they dump and that's it, still you people praise those.... I've been reading this forum less and less but every time I read it, the hatred just grows. It seems that all this crypto space is just a cesspool of parasites and beggars for food stamps. Seriously, you can't find information at all here without wasting hours (even after missing just 1-2 weeks) since it's all whining. Sell and GTFO already, really, you won't help yourself with all your whining, nothing will change, you guys state a million times that tonych doesn't listen to the "community" (sick twist on the word parasite), well why the fuck you think he will read or care about your whining now ? Put up your sell orders or dump directly but stop spamming this thread or slack with useless crying.

Here Here

Don't have merits to give unfortunately.

On a different note i think the Sports Betting bot should maybe look into adding more games (although all the ones I'm interested in are covered)

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February 22, 2018, 01:53:20 PM
 #17474

Byteball already got big.  Too bad I'm already late to see this gem. Very happy on your Success guys! it have a very nice Community and the Dev Team is awesome too.
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February 22, 2018, 01:54:17 PM
 #17475

I have a question. This days many people attempts to add zcash to Dag Is byteball possible too?
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February 22, 2018, 02:02:39 PM
Merited by bitserve (1)
 #17476

Here's an idea, make a new moderated thread and whoever says a word about the airdrop just simply delete their comment. I'm fucking sick and tired of reading through pages of pure welfare whining, it's disgusting. The same goes for those who cry that tonych still holds a big portion, you people act like you give a fuck and then buy ripple, dash and all the other shit that is heavily in the hands of developers and they are not even thinking about distributing it, that's their until they dump and that's it, still you people praise those.... I've been reading this forum less and less but every time I read it, the hatred just grows. It seems that all this crypto space is just a cesspool of parasites and beggars for food stamps. Seriously, you can't find information at all here without wasting hours (even after missing just 1-2 weeks) since it's all whining. Sell and GTFO already, really, you won't help yourself with all your whining, nothing will change, you guys state a million times that tonych doesn't listen to the "community" (sick twist on the word parasite), well why the fuck you think he will read or care about your whining now ? Put up your sell orders or dump directly but stop spamming this thread or slack with useless crying.

LOL so to add to the mistrust we now just moderate out comments we don't like to address in a logical manner. Sounds like a great plan - this is a decentralised trustless crypto currency we are talking about right?

sshhh  ... let's not start comparing this to schemes like xrp and dash.

People here were led to believe in the full moon drops. They invested on the basis on these. These were then cancelled on a whim.

I don't think that qualifies them as beggars and welfare whiners.

I don't see how you can conclude people asking for what was intimated (not promised apparently) is begging and whining.

BB has now serious trust issues. These need to be addressed.

This giving only to those who linked their btc since novemeber seems quite foolish.  I mean they invested NOTHING. What about those that actually INVESTED in byteball on the basis of the march airdrop who now not only do not get their airdrop they get a 30% haircut on their investment due to more people bailing because of more failed promises (not promises)

Tony hiding on slack making more insane decisions is not what is needed.

Give people 30 bucks share in a project does what exactly? NOTHING it;s not enough to provide any incentive to help or contribute. Just dump for BTC and on to the next free crypto snack.

You don't want a ton of new peasant users who care about getting 30 bucks you want to get into the MC zone where people take immediate note of your project. You want long term large investors who believe in the project because they know they can rely on a decentralised
trustless project. Not be at the mercy of the mood of one highly changeable individual.


Tony needs to employ some people who know how to market this great creation. Paying a few mom and pop veggie stores to accept BB is not going to cut it against teams that are targeting huge corps.

The distribution so far has been a disaster. You lost the trustless decentralised bullet points and instead of turning it into a huge collusion market making scheme so you could be in the top 10 you enabled competing project managers to have the power to pump and dump at will. We then sprinkled on the top the financial pillaging of those that bought BB on the basis of the full moon drops and destroyed trust further.

Come on wise up before we are drowned in new DAG projects and byteball has even less reason to stand out than it does currently.

You need to address the reasons why so many are so unhappy with being mislead not try to moderate out their valid concerns.






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February 22, 2018, 02:07:42 PM
 #17477

Here's an idea, make a new moderated thread and whoever says a word about the airdrop just simply delete their comment. I'm fucking sick and tired of reading through pages of pure welfare whining, it's disgusting. The same goes for those who cry that tonych still holds a big portion, you people act like you give a fuck and then buy ripple, dash and all the other shit that is heavily in the hands of developers and they are not even thinking about distributing it, that's their until they dump and that's it, still you people praise those.... I've been reading this forum less and less but every time I read it, the hatred just grows. It seems that all this crypto space is just a cesspool of parasites and beggars for food stamps. Seriously, you can't find information at all here without wasting hours (even after missing just 1-2 weeks) since it's all whining. Sell and GTFO already, really, you won't help yourself with all your whining, nothing will change, you guys state a million times that tonych doesn't listen to the "community" (sick twist on the word parasite), well why the fuck you think he will read or care about your whining now ? Put up your sell orders or dump directly but stop spamming this thread or slack with useless crying.

Here Here

Don't have merits to give unfortunately.

On a different note i think the Sports Betting bot should maybe look into adding more games (although all the ones I'm interested in are covered)




Thankfully you don't have any merit to squander as yet. This demonstrates the merit scheme is working well. If I could demerit you  for such a comment I would surely do so. This would actually hopefully inspire you to read and research more before posting again. So I would be helping you.

You need to educate yourself on decentralised trustless projects before trying to donate merit to a suggestion that is directly in opposition to such a model.

You can not moderate out people who are complaining because they invested on the basis of the full moon drops only to be told they were not talking  place. That is actually the total and utter destruction of trust and the fact one person made this decision crushes the decentralised nature of the project too.

Please do more reading before cluttering threads with nonsense.

Tony is great but at coding and design only. The distribution has been the worst I have seen and although it would seem impossible keeps damaging the project further and further.

Distribute 30% to byteball holders or put that 30% in a pot and lets hire a real marketing team with full ledger. The 10% remaining tonych should retain to pursue whatever course he chooses.

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February 22, 2018, 03:01:55 PM
 #17478

Here's an idea, make a new moderated thread and whoever says a word about the airdrop just simply delete their comment. I'm fucking sick and tired of reading through pages of pure welfare whining, it's disgusting. The same goes for those who cry that tonych still holds a big portion, you people act like you give a fuck and then buy ripple, dash and all the other shit that is heavily in the hands of developers and they are not even thinking about distributing it, that's their until they dump and that's it, still you people praise those.... I've been reading this forum less and less but every time I read it, the hatred just grows. It seems that all this crypto space is just a cesspool of parasites and beggars for food stamps. Seriously, you can't find information at all here without wasting hours (even after missing just 1-2 weeks) since it's all whining. Sell and GTFO already, really, you won't help yourself with all your whining, nothing will change, you guys state a million times that tonych doesn't listen to the "community" (sick twist on the word parasite), well why the fuck you think he will read or care about your whining now ? Put up your sell orders or dump directly but stop spamming this thread or slack with useless crying.

Here Here

Don't have merits to give unfortunately.

On a different note i think the Sports Betting bot should maybe look into adding more games (although all the ones I'm interested in are covered)




Thankfully you don't have any merit to squander as yet. This demonstrates the merit scheme is working well. If I could demerit you  for such a comment I would surely do so. This would actually hopefully inspire you to read and research more before posting again. So I would be helping you.

You need to educate yourself on decentralised trustless projects before trying to donate merit to a suggestion that is directly in opposition to such a model.

You can not moderate out people who are complaining because they invested on the basis of the full moon drops only to be told they were not talking  place. That is actually the total and utter destruction of trust and the fact one person made this decision crushes the decentralised nature of the project too.

Please do more reading before cluttering threads with nonsense.

Tony is great but at coding and design only. The distribution has been the worst I have seen and although it would seem impossible keeps damaging the project further and further.

Distribute 30% to byteball holders or put that 30% in a pot and lets hire a real marketing team with full ledger. The 10% remaining tonych should retain to pursue whatever course he chooses.
&
Cancelling an airdrop while BB & BTC prices are going higher, while there is no real use case / no serious partnership/ no incoming positive news... What a terrible idea! You are %100 right, they should hire a new pr/marketing team immediately!
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February 22, 2018, 03:35:02 PM
 #17479

Everybody is whining about canceled airdrop, although it was pretty clear 2 month ago that it is not going to happen, instead of discussing a technology, how stupid is this! Meanwhile, the results of recent stress tests are rather disappointing. The DAG is perhaps a nice technology, but byteball implementation is only marginally faster than bitcoin or ethereum, which is still too slow to be practical, and it is centralized. Sort of worst of two worlds...
jwinterm
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February 22, 2018, 03:38:06 PM
 #17480

Just as a point of order, for the folks who keep saying the most recent airdrop was never guaranteed, here's what the op said about a year ago:

Quote
98% of all bytes and blackbytes (the private untraceable currency) will be distributed among bitcoin holders who link their bitcoin and byteball addresses before any of the distribution rounds.  No investment required, you keep your bitcoins, plus receive the bytes and blackbytes.  See below how to receive the coins.

98%. Not 60% and then a variety of kludges to supposedly get the remaining 40% out to people willing to jump through hoops for a few scraps. The original distribution proposal was quite clear and specific - 98% to bitcoin and byteball holders.

After rewards to Bitcoin holders were reduced this original plan was still in tact. Even after greatly reducing frequency of airdrops and adding in other methods it was mostly intact, since no one uses cashback and people that only have Latin characters on their passport didn't seem very excited to waste time to get a few dollars of centralized shitcoin, and you can only do so many 5MB text coin giveaways per day. Now the plan is completely abandoned. I think you can see how people view this as a betrayal or broken guarantee or promise.

It's kind of funny there is so much indecision and uncertainty now around the distribution. tonych is in fact the dictator of byteball - he is in charge of development, is in complete control of the network, and is the central bank holding 50% of all bytes. An indecisive dictator. He's worse than my wife trying to figure out where to go out to dinner. And everyone knows the adage about markets and uncertainty.

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