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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216691 times)
ekoja
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March 05, 2018, 08:42:09 AM
 #17661

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.
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March 05, 2018, 10:10:46 PM
 #17662

SilentNotary prototypes
Don’t forget to create your SilentNotary personal account to use all our prototypes!

ICO SilentNotary on Byteball https://silentnotary.com/




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Silent Notary
The 1st Blockchain Notary Company in the World
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Bitcore (BTX) - Airdrops every Monday


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March 05, 2018, 11:00:01 PM
 #17663

"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.

Bitcore BTX - The Future Is Now | free BTX claiming for BTC holders + weekly airdrops + GPU mining
Bitcore F.A.Q.   |   BTX claiming + more info   |   ANN bitcointalk: open discussion   
segwit + bloom + 10 MB blocks + 2.5 min blocktime + only 400 MB blockchain! + Diff64_15 smooth algo
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March 06, 2018, 12:00:39 AM
 #17664

"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?

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All paid signature campaigns should be banned.


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March 06, 2018, 04:23:16 AM
 #17665

Any other great plan to distribute the left coins?
Yes

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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Also seb486


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March 06, 2018, 05:59:32 AM
 #17666

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?frost-ship-muscle-embrace-early-crime-sheriff-oblige-around-churn-promote-afford



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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March 06, 2018, 11:18:43 AM
 #17667

SilentNotary is already integrated with Slack via SilentNotary app!
Run and try now!

ICO SilentNotary on Byteball https://silentnotary.com/




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Silent Notary
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afbitcoins
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March 06, 2018, 11:28:41 AM
Last edit: March 06, 2018, 06:24:22 PM by afbitcoins
 #17668

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.
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BTCWagering.com


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March 06, 2018, 03:33:15 PM
 #17669

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.
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March 06, 2018, 03:39:56 PM
Last edit: March 06, 2018, 04:07:49 PM by pineapple express
 #17670

Quote
If anyone can provide information about the above distribution methods
cashback https://explorer.byteball.org/#TU3Q44S6H2WXTGQO6BZAGWFKKJCF7Q3W
jumio https://explorer.byteball.org/#RJIUGYIVHM5TAZHU3ZPNTNZL5JF4JUTN

Quote
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
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lose: unfind ... loose: untight


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March 06, 2018, 03:50:19 PM
 #17671

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?

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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March 06, 2018, 04:36:27 PM
 #17672

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.
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March 06, 2018, 04:39:01 PM
 #17673

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.
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March 06, 2018, 09:35:52 PM
 #17674

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?
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March 06, 2018, 09:45:24 PM
 #17675

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.
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March 06, 2018, 11:24:08 PM
 #17676

Tony and Byteball in danger?

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

Quote
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/


Chancellor on brink of second bailout for banks
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March 06, 2018, 11:27:37 PM
 #17677

Tony and Byteball in danger?

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

Quote
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.
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March 06, 2018, 11:27:53 PM
 #17678

So it's like PayPal controlled by 12 entities. Could not it have regulatory issues?

What about this KYC/AML compliance, does this extend to the whole project?

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March 07, 2018, 12:28:55 AM
Last edit: March 07, 2018, 01:21:50 AM by afbitcoins
 #17679

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.

I think you are wrong  Grin Regular users don't lead they follow (or do what they are told by authority) The adoption curve always shows regular users coming in late to the party like always with new technology. There is no shortcut straight to mainstream unless forced by government. I don't forsee any governments forcing regular users to use byteball in the shortterm. As I said in my previous post, the expected demographic of users in these early days would be crytpo enthusiasts for whom centralisation is a big No and who know the difference between a blockchain and a DAG and who are willing to figure out adding a bot from the bot store or a conditional payment.

Ripple is nothing to aspire to. The mere fact that 60% of XRP is still undistributed after years puts the centralised reality of the token blatently out there in plain view. It stretches credibility a lot to even call it a crypto currency. It has a centralised ledger not a blockchain. Or I'm wrong again? If you hadn't guessed I am not a fan of ripple and have no intention of ever investing in it.

Quote
If anyone can provide information about the above distribution methods
cashback https://explorer.byteball.org/#TU3Q44S6H2WXTGQO6BZAGWFKKJCF7Q3W
jumio https://explorer.byteball.org/#RJIUGYIVHM5TAZHU3ZPNTNZL5JF4JUTN

Quote
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

Thanks for that. Actually I share those concerns about witnesses but wanted to stick to coin distribution as the focus of my post. And yes I agree that the coins will always be distributed that way. It is the way of things. But I don't think you can really truthfully call 40% of undistributed coins as actually distributed afterall, but to the creator and without ever having circulated first.

Just to add a few additional thoughts. The example of Dash in my view is one to look at with great interest. Similar to Tony, Evan Duffield started out as THE dictator / dev in full control of Dash (then Darkcoin) like Tony is with Byteball. What Evan went on to do was genius in my view. He implemented Dash with a self funded treasury and voting mechanisms how to spend it. Nodes are incentivised with rewards which are a portion or mining rewards and thereby incentivised to scale up as network usage increases or lose those rewards.  Dash uses this treasury funding to pay its developers and in fact Evan has relinquished control completely from the development side of it. Dash also funds marketing and other things too through the same mechanism. The decision whether to fund or not decided by vote amongst the masternode holders. The number of masternodes is at all time highs just now showing long term faith by the big investors. The technology for all of this was quite simple it was the economics of it that provided the genius. If you haven't spotted it, this is a virtuous circle. Dash funds itself to improve and the value increases which means the funds available in the treasury for the next round go further which increase the value further and so on.

It seems that Tony wishes to use the un-distributed bytes as a treasury of sorts to spend enticing new users and to fund projects to promote and improve byteball. But the differences in how Dash has done it are vastly better with Dash. Tony appears to be looking at the pot of undistributed funds dwindling away through airdrops and panicked, halting the airdrops to stop the outflow and conserve the treasury he has at his disposal. Though he is not being explicit in this. Unlike Dash in which the treasury is replenished,  byteball's 'treasury' isn't, and once spent won't be available again. In Dash the treasury  is explicitly a treasury to be spent improving Dash, with byteball these undistributed bytes are supposed to be currency circulating through the network and because that has changed is causing uncertainty and angst among investors who are being sold a different thing. In Dash thousands of masternodes vote which proposals to fund, in byteball Tony decides, then sometimes changes his mind.

If the Dash model was to be followed could a portion of the fees collected by byteball witnesses be used to fund a treasury? Just a thought.

I feel a bit mean saying all this. I'd like to emphasise that I recognise Tony is a genius developer and has created an amazing coin. I hope that is understood. I wouldn't have invested or even be here commenting if I wasn't impressed with what Tony is doing and has already done.  

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March 07, 2018, 09:12:12 AM
 #17680

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.

And the more you give out your identity to online services, no matter what or who they are, you are increasing the attack surface on your identity. I guess it's somehow inevitable since we are getting more wired every day.


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