Obyte: Totally new consensus algorithm + private untraceable payments

[jjacob]

I wonder what % of new users who linked a BTC balance heard about the cancelled airdrop and deleted Byteball before this happened, thinking that they got screwed after the last-minute cancellation.

I'm guessing it's a fair number of them. We can consider those tokens "burned" from the distribution.

it didn't occur to anyone to give people a little heads up that this was going to happen before the time? weird.

i like surprises. some people don't. everyone prefers some information so they can plan for events like this.

It was to compensate those who might have already incurred costs thinking that an airdrop might take place. Those who didn't take any action yet and found out that the airdrop was cancelled, actually didn't lose anything. As Darkstar said, if you had told people in advance, then there would be hundreds of bitcoin addresses with dust getting linked to Byteball addresses.

[Random-String-Symphony]

I wonder what % of new users who linked a BTC balance heard about the cancelled airdrop and deleted Byteball before this happened, thinking that they got screwed after the last-minute cancellation.

I'm guessing it's a fair number of them. We can consider those tokens "burned" from the distribution.

it didn't occur to anyone to give people a little heads up that this was going to happen before the time? weird.

i like surprises. some people don't. everyone prefers some information so they can plan for events like this.

It was to compensate those who might have already incurred costs thinking that an airdrop might take place. Those who didn't take any action yet and found out that the airdrop was cancelled, actually didn't lose anything. As Darkstar said, if you had told people in advance, then there would be hundreds of bitcoin addresses with dust getting linked to Byteball addresses.

It was announced though: https://twitter.com/cryptkeeperbtt/status/966559727982465024

[spitfire1337]

Setting up a clear schedule for the release of the remaining Byteball is what we need. Also decentralize those witnesses already, if it's even possible.

[ekoja]

Now developers can access almost any function of headless Byteball node via JSON-RPC https://github.com/byteball/byteballcore/wiki/JSON-RPC-interface

Previously, only a small subset of functions was available through RPC.

This allows to easily integrate BB nodes with programs written in languages other than node.js.

Nice job.

"and to allow you to experience its features, we are sending you 72,000,000 Bytes (worth about $30)."
How to get that free 72Mbyte?

Anyway, totally agree with the change of the symbol from Gbyte to Mbyte.

[Sythyn]

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[-doubleU-]

"and to allow you to experience its features, we are sending you 72,000,000 Bytes (worth about $30)."
How to get that free 72Mbyte?

The 72MB are for Users that linked new BTC Address for the canceled March Airdrop and got never a airdrop before.
With Announcement of cancel the march airdrop the Transition Bot accepted no new linking addresses so so the user could not just easy install new wallet to get this 72MB
This little Airdrop was only for new Users since the last Airdrop.

[miramare]

"and to allow you to experience its features, we are sending you 72,000,000 Bytes (worth about $30)."
How to get that free 72Mbyte?

The 72MB are for Users that linked new BTC Address for the canceled March Airdrop and got never a airdrop before.
With Announcement of cancel the march airdrop the Transition Bot accepted no new linking addresses so so the user could not just easy install new wallet to get this 72MB
This little Airdrop was only for new Users since the last Airdrop.

That looks a placebo for a small amount people.

Any other great plan to distribute the left coins?

[BurtW]

Any other great plan to distribute the left coins?

Yes

[ByteFan]

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[Sythyn]

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[afbitcoins]

Any other great plan to distribute the left coins?

Yes

Yes....

The great plan is this...

• 12 bucks worth to anyone who verifies their ID.  
• Merchants who sign up can give cashback to customers denoted in byteball.
  
• Apply to Tony for funds if you have a good plan to develop something in the byteball ecosystem.
• Textcoin giveaways.
• Other great things still to be announced...

If anyone can provide information about the above distribution methods, especially how many are being distributed by each method I'd be very interested to see it. So far I have the perception that very few are being distributed by these methods at this time.

The obvious problems here are that none of these methods allow for a date we can plan for when the distribution is complete. Also the uptake seems very disappointing so far. And it does not look good that the original distribution plan has been discarded so whimsically to the detriment of many investors.

Going by what Tony says, he states that he wants to grow the network and cites Metcalfe's law as the reason.  https://en.wikipedia.org/wiki/Metcalfe%27s_law

No one would argue a bigger user base is bad. However I ascertain that Tony regards adding users to the network as more important than distributing the coins. Otherwise the airdrops would not be cancelled.

This is where I think the plan is failing, I feel that byteball needs credibility before users will join. To get the credibility that it needs it has to be as decentralised as possible. That means all coins distributed as utmost priority (except for the initially agreed amount to be held by Tony). That also means as a matter of priority the witnesses need to be credible.

I believe users are not coming to byteball because it is too centralised for reasons already stated and because of this all the really cool tech and new distribution methods are doomed to fail (until such time as byteball starts to look like a proper decentralised crypto currency at least). Byteball does not exist in a void. It is competing with many other crypto currencies, most of which are already decentralised. Most of the potential users are very savvy about this kind of thing. For a coin to be labelled as centralised is about the worst label that can be applied to a cryptocurrency and it  is being applied to Byteball.

To sum up. The primary intention of Tony is not to distribute the coins. Because airdrops were doing that very well but are cancelled. The intention of Tony is to entice a huge number of people to become lifelong byteball users through small donations. For me it is a matter of priorities being back to front. Byteball has to earn its users by first being a credible decentralised network and then the users will flood in (Because the tech IS really really cool).

_{* I made numerous small edits to this post to try and clarify better my ideas.}

[BTCWagering]

I think you're wrong. The last airdrop WAS botched, but don't throw the baby out with the bathwater.

Regular people don't even know what decentralized means. And the goal is to get to regular people. Regular people aren't scared to show their ID to a legit company like Jumio.

It takes time to reach the next inflection point, and that's what we're waiting on right now.

Ripple is basically the reference point here. Ripple is 60% undistributed and also still has centralized validators.

Byteball is an app (bot) platform. The relevant metric is the quality of the bots in the bot store. Right now I would describe them as promising, not great. But fortunately building bots is easy, and many more are surely on the way.

[pineapple express]

If anyone can provide information about the above distribution methods

cashback https://explorer.byteball.org/#TU3Q44S6H2WXTGQO6BZAGWFKKJCF7Q3W
jumio https://explorer.byteball.org/#RJIUGYIVHM5TAZHU3ZPNTNZL5JF4JUTN

to be as decentralised as possible. That means all coins distributed as utmost priority

decentralisation is just about algorithm and means no single point of failure. No matter how many witnesses, this model always will be vulnerable to attacks from the government. No company will agree to remain a witness under the threat of imprisonment
as for the distribution of coins, then regardless of the initial distribution, in the future most of the pie will always belong to a few, and most will be satisfied with crumbs. The distribution of wealth is not a criterion determining the trust to the network. The rich get richer, this is a natural process. In turn, an shady, hasty distribution to a narrow circle of individuals, will forever destroy the reputation of the network

[jbreher]

Regular people aren't scared to show their ID to a legit company like Jumio.

Maybe they should be. With all the hacks that have been perpetrated over the last several years, why would someone spill their creds willy-nilly over the intertubes? Who is behind Jumio anyhow? What is their track record? Why would the average consumer think Jumio would be any safer with their PII than would Sony or Target?

[Hhugh]

Regular people aren't scared to show their ID to a legit company like Jumio.

Maybe they should be. With all the hacks that have been perpetrated over the last several years, why would someone spill their creds willy-nilly over the intertubes? Who is behind Jumio anyhow? What is their track record? Why would the average consumer think Jumio would be any safer with their PII than would Sony or Target?

I have a level of comfort in that Coinbase and Bittrex have been assumed to do this due diligence for me (since they are "reputable" use this vendor). Both these exchanges already have my info and used Jumio to verify it so doing it again on the Byteball wallet doesn't increase my risk, IMO.

[darrenwgray]

Regular people aren't scared to show their ID to a legit company like Jumio.

Maybe they should be. With all the hacks that have been perpetrated over the last several years, why would someone spill their creds willy-nilly over the intertubes? Who is behind Jumio anyhow? What is their track record? Why would the average consumer think Jumio would be any safer with their PII than would Sony or Target?

Few people break up in the technical part, many are easier to buy a coin and sell it more expensive.

[usefree]

So, guys, is there any proven method how to receive some bytes? Airdrops cancelled, ok, what is instead of them? What is the reason i should hold bytes?

[European Central Bank]

Regular people aren't scared to show their ID to a legit company like Jumio.

i've never heard of jumio.

regular people associate crypto with drug dealing, pedophiles and scams. if it was being distributed through their local bank or paypal then that's a different matter. they're not gonna go for this in the form it is.

[StandingTall]

Tony and Byteball in danger?

The Russian Ministry of Finance is drafting a law to criminalize the use of cryptocurrencies as money substitutes.

The ministry assumes serious responsibility, right up to criminal ones, for arranging schemes, issuing money substitutes and receiving them…This concerns the payments in cryptocurrency.
https://news.bitcoin.com/russia-drafts-law-criminalize-use-cryptocurrencies-money/

[European Central Bank]

Tony and Byteball in danger?

The Russian Ministry of Finance is drafting a law to criminalize the use of cryptocurrencies as money substitutes.

The ministry assumes serious responsibility, right up to criminal ones, for arranging schemes, issuing money substitutes and receiving them…This concerns the payments in cryptocurrency.
https://news.bitcoin.com/russia-drafts-law-criminalize-use-cryptocurrencies-money/

nope. russia has never followed through on anything ever. all they do is threaten and then nothing happens. when someone else wakes up the next day they directly contradict the previous statement.

best ignored.