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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1151481 times)
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March 07, 2018, 05:50:49 PM
 #17721

$20 for an registration with my personal ID, I think it is to cheap. $200 are better, this are our personal information and they are valuable. $20 is a joke in my opinion.

I would not sold my personality even for $2000. Looks like Byteball is launching a hunt for schoolboys .

Yeah but I bet (if you haven't already) if you're in crypto long enough you'll give away your identity to use a company's service. I agree that the financial carrot isn't adequate to get most people to verify their identity. But if a good use case comes along people will do it for free. So I'm glad this solution is already integrated.
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March 07, 2018, 08:37:15 PM
 #17722

$20 for an registration with my personal ID, I think it is to cheap. $200 are better, this are our personal information and they are valuable. $20 is a joke in my opinion.

I would not sold my personality even for $2000. Looks like Byteball is launching a hunt for schoolboys .

That's the hard part for a good distribution model.
The initial plan is to involve more people in, but try the best to avoid the cheaters by IDs.
But in the crypto world, few peoples would like to "sell" their IDs for only $20. At least, not me.
I would not either. But there are such poor countries who are ready to do this without any doubts and regrets

yeah, but without any doubts and regrets they will dump at once and  just pretty much screw the whole thing up.

What would be other ways we could distribute this? Referral fees for both new joiner and the referrer works well (See this in both Crypto and real world with Uber) but can we stop this getting abused and only apply to genuine users? minimum time period before funds can be sold or a number of transactions to take place prior to funds being released?
Airdrop only to Byteball-users up to 100% or 99% and just let the free market work. bitcoin works in the same way, buy a miner and grab your rewards, that's it. here is no PoW or PoS so Airdrop for all byteball users and go.

That is equivalent to just burning the undistributed Bytes. Waiting to see if the methods proposed by Tony to actually bring in new users will be prudent. By and large, the method of distributing Bytes to those who link their real world ids seems to have failed. That doesn't mean that the other proposed methods are not worth trying out.


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BTCWagering
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March 07, 2018, 09:16:22 PM
 #17723

That is equivalent to just burning the undistributed Bytes. Waiting to see if the methods proposed by Tony to actually bring in new users will be prudent. By and large, the method of distributing Bytes to those who link their real world ids seems to have failed. That doesn't mean that the other proposed methods are not worth trying out.

The ID verification system JUST started. It is by no means a failure yet.

Airdrop is not quite the same as burn. An airdrop seems more likely to crash the price, but cause a wider distribution.
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March 07, 2018, 09:47:17 PM
 #17724


The ID verification system JUST started. It is by no means a failure yet.

Airdrop is not quite the same as burn. An airdrop seems more likely to crash the price, but cause a wider distribution.

it's dead before it even got going. no one is going to go for it in its current form. it's an instant turn off. the fact you have to pay 8 bucks to total strangers each time and it may not even work is laughable.

even if you wanted to dump you would actually be paying to dump it by the time you paid for the ID and trade and withdrawal fees.

if it was glued to an existing system that had already ID'd people then it would work. exchanges are the easiest way. useless for onboarding real people of course. social media accounts is the next one and that should be explored, not this.
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March 07, 2018, 10:05:09 PM
Last edit: March 07, 2018, 10:51:07 PM by afbitcoins
 #17725

~ snip ~

Awesome to see Bitcoin legends like you, BurtW and dooglus particpate here!!! Grin

Agree that Dash did an amazing job with their platform where anyone can propose to do/create something, and coinholders can vote on it, in decentralizing the power more and engaging the community very well in building and getting things done.

Indeed there is one crucial difference in that Byteball has limited supply whereas Dash his supply is replenished. Still inflation in Dash goes down, so it is replenished less and less compared to value of the project. Byteball could also do a gradual lowering of funding such an initiative and still keep it going for many years.

I personally think that cancelling the March airdrop for Byteball holders was the right move. It replaced people that held bytes for mainly short term gains with more long term thinkers who can see the benefit of cancelling the airdrops to byteball holders for good.

One should be very careful to celebrate people leaving the project, but Byteball due to it's 'free' airdrops had attracted way too many people only in it for a quick buck, complaining constantly about more marketing, change name, change unit of account, more exchange listings etc, while doing themselves nothing productive for the project. Think the project is better off without them.

Let's build this into a diamond.



Thanks for your reply. I guess my last couple of posts were quite a daunting block of text. So I appreciate you taking the time to respond.

I disagree about the March airdrop though, I consider it a PR disaster.  Also I don't see anything wrong with short term gains if thats what one wants to do with their bytes. Not what I was planning to do, I'd have HODL'D  but still I see nothing wrong with it. The whole point they would have been in circulation which is the entire point. Free market. I can speculate that many who sold might have kept byteball on their radar, and one day might have bought back in at higher prices. Whos to say?

For those with a longer term interest they now have to factor that holding for long term now means you can't count on benefiting from any of the new methods of airdrop but you can count on the supply being increased by 40%. You can't know the timeline for this though. The reasons to hold longer term appear to have diminished, that is surely hard to deny.



The ID verification system JUST started. It is by no means a failure yet.

Airdrop is not quite the same as burn. An airdrop seems more likely to crash the price, but cause a wider distribution.

it's dead before it even got going. no one is going to go for it in its current form. it's an instant turn off. the fact you have to pay 8 bucks to total strangers each time and it may not even work is laughable.

even if you wanted to dump you would actually be paying to dump it by the time you paid for the ID and trade and withdrawal fees.

if it was glued to an existing system that had already ID'd people then it would work. exchanges are the easiest way. useless for onboarding real people of course. social media accounts is the next one and that should be explored, not this.


Yes its pretty dead or at least hasn't been a roaring success. Although there is nothing sinister about it (that I can tell), it is far too easy to think that there might be. Especially to an audience of crypto nerds.  Its an edge case feature which may one day be useful but currently has no use cases (that I know of).

I think its been another PR mistake incentivising the ID verification. Its too easy to create the wrong impression and I guess that its glitchy and sometimes fails isn't good PR either.

I thought byteball had a new PR guy?
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March 07, 2018, 10:47:13 PM
 #17726


The ID verification system JUST started. It is by no means a failure yet.

Airdrop is not quite the same as burn. An airdrop seems more likely to crash the price, but cause a wider distribution.

it's dead before it even got going. no one is going to go for it in its current form. it's an instant turn off. the fact you have to pay 8 bucks to total strangers each time and it may not even work is laughable.

You have a funny definition of dead. People are doing it.

You're totally omitting the referral bonus. The program is waiting for some motivated individuals to become power affiliates and start onboarding thousands of users.

You're also neglecting the fact that getting crypto is exciting. The $20 can become $200 pretty quickly.
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March 07, 2018, 10:50:40 PM
 #17727

$20 for an registration with my personal ID, I think it is to cheap. $200 are better, this are our personal information and they are valuable. $20 is a joke in my opinion.

I would not sold my personality even for $2000. Looks like Byteball is launching a hunt for schoolboys .

That's the hard part for a good distribution model.
The initial plan is to involve more people in, but try the best to avoid the cheaters by IDs.
But in the crypto world, few peoples would like to "sell" their IDs for only $20. At least, not me.

It's really time for a zero-knowledge proof authorization system or something like that. But I can understand the requirement for IDs because cheaters are just reality.

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March 07, 2018, 11:01:48 PM
 #17728

That is equivalent to just burning the undistributed Bytes. Waiting to see if the methods proposed by Tony to actually bring in new users will be prudent. By and large, the method of distributing Bytes to those who link their real world ids seems to have failed. That doesn't mean that the other proposed methods are not worth trying out.

The ID verification system JUST started. It is by no means a failure yet.

Airdrop is not quite the same as burn. An airdrop seems more likely to crash the price, but cause a wider distribution.

An airdrop across Bitcoin and Byteball holders (as was done previously) is not the same as a burn. But Saxnot's idea was an airdrop of Bytes to the existing Byte holders. This would do nothing to widen the distribution and is similar to a burn. The only advantage could be psychological - liquidity could increase as Byte holders consider these as free dividends and might be more likely to sell them.


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March 08, 2018, 12:05:37 AM
Last edit: March 08, 2018, 02:31:52 AM by Malek17
 #17729

Any body here think the word Byteball is an appropriate name for the coin,people when they hear the word Balls usually think of testicles,what's the first thing you think of when you hear the word balls?
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March 08, 2018, 04:52:38 AM
 #17730

if i want someone to do the verifiction, i send them a textcoin with at least 8$ worth of bytes and once he verified i get 20$?
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March 08, 2018, 06:30:38 AM
 #17731

How to sell Blackbytes which we received with airdrop?
any markets to sell it
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March 08, 2018, 07:23:01 AM
 #17732

To provide long-term stimulation, team tokens were frozen up to 3 years by special smart contract with vesting schedule.
Contract address: https://etherscan.io/address/0x7052ad9bbc671804616e2280059fb3113dcd735b#code

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




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Silent Notary
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Limited seats available
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March 08, 2018, 07:38:53 AM
 #17733

How to sell Blackbytes which we received with airdrop?
any markets to sell it

http://beeb-bot.com

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 08, 2018, 08:00:54 AM
 #17734

To provide long-term stimulation, team tokens were frozen up to 3 years by special smart contract with vesting schedule.
Contract address: https://etherscan.io/address/0x7052ad9bbc671804616e2280059fb3113dcd735b#code

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



This approach is very good on the Ethereum platform.
Will the byteball Crowdfunding Gbyte has a similar plan?
I am looking forward to SilentNotary byteball in operation!
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March 08, 2018, 10:46:35 AM
 #17735

How to sell Blackbytes which we received with airdrop?
any markets to sell it

http://beeb-bot.com

Bought some Blackbytes using this bot in-wallet, how long should I wait for the blackbytes to get to my wallet ? been a few hours now..
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March 08, 2018, 12:12:04 PM
 #17736

Hello,

This is on the site:

2nd round on Feb 11, 2017: 121,763 BTC linked, 1.8% distributed;
3rd round on Mar 12, 2017: 129,139 BTC linked, 2.0% distributed;
4th round on Apr 11, 2017: 145,441 BTC linked, 2.3% distributed;
5th round on May 10, 2017: 207,672 BTC linked, 2.9% distributed;
6th round on Jun 9, 2017: 453,621 BTC linked, 6.6% distributed;
7th round on Jul 9, 2017: 949,004 BTC linked, 11.0% distributed.
8th round on Aug 7, 2017: 1,395,899 BTC linked, 16.0% distributed.
9th round on Sep 6, 2017: 1,306,573 BTC linked, 5.7% distributed.
10th round on Nov 4, 2017: 1,093,155 BTC linked, 6.1% distributed.

Where can i see updated info about the distribution?
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March 08, 2018, 12:36:26 PM
 #17737

How to sell Blackbytes which we received with airdrop?
any markets to sell it

http://beeb-bot.com

Bought some Blackbytes using this bot in-wallet, how long should I wait for the blackbytes to get to my wallet ? been a few hours now..

What the main purpose of using Blackbytes for you? I have around 40 Gigs of them but   a man like me could find no use for it.
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March 08, 2018, 02:26:11 PM
 #17738

Hello,

This is on the site:

2nd round on Feb 11, 2017: 121,763 BTC linked, 1.8% distributed;
3rd round on Mar 12, 2017: 129,139 BTC linked, 2.0% distributed;
4th round on Apr 11, 2017: 145,441 BTC linked, 2.3% distributed;
5th round on May 10, 2017: 207,672 BTC linked, 2.9% distributed;
6th round on Jun 9, 2017: 453,621 BTC linked, 6.6% distributed;
7th round on Jul 9, 2017: 949,004 BTC linked, 11.0% distributed.
8th round on Aug 7, 2017: 1,395,899 BTC linked, 16.0% distributed.
9th round on Sep 6, 2017: 1,306,573 BTC linked, 5.7% distributed.
10th round on Nov 4, 2017: 1,093,155 BTC linked, 6.1% distributed.

Where can i see updated info about the distribution?

You may look backward on this thread. Or you can trace the posts by tony. In somewhere, he presented his idea about the next round distribution.
mishax1
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March 08, 2018, 02:39:14 PM
 #17739

How to sell Blackbytes which we received with airdrop?
any markets to sell it

http://beeb-bot.com

Bought some Blackbytes using this bot in-wallet, how long should I wait for the blackbytes to get to my wallet ? been a few hours now..

What the main purpose of using Blackbytes for you? I have around 40 Gigs of them but   a man like me could find no use for it.

Speculative investment.. what else?
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March 08, 2018, 03:14:09 PM
 #17740

if i want someone to do the verifiction, i send them a textcoin with at least 8$ worth of bytes and once he verified i get 20$?

Correct, but he must use the bytes you sent him to pay for the verification. Of course new users have no bytes so you will always get the $20.

It's actually an amazing opportunity to refer people. If you can figure out a way to scale to thousands of referrals, you'll be rich in no time.

Which is why I say the referral program is good, we just need to wait for it to take off.
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