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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216692 times)
darrenwgray
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March 14, 2018, 07:22:45 AM
 #17781

This is very bad that only Tony is the one and only developer and the man behind this project. From what I know all witnesses are running by Tony. If something happens to him this will be the end of Byteball. Especially if there is not much information about Tony. Just think about this for a second. This is why decentralization is so powerful. When started could not be stopped for any reason and Byteball could be down next month if Tony disappears. This is a real thread for this project and until there is no backup plan I don't see mass adoption. Just my 2 cents.

everything starts from somewhere and all coins of this type start off in the hands of the creator and need to be distributed. that's their nature.

all of this griping is about how it moves on from the starting phase. i'm sure tonych doesn't want this situation to continue any more than anyone else. he wants it to be in the hands of as many people as possible and that includes others taking the responsibility for witnessing out of his hands.

this is still the super early days. expect the need for a lot of stuff needing to be ironed out and figured out.

We are still in super early days, but people need to remain engaged for the project to become a success. In these early days, it is important that we attract new users to the community, not lose the existing ones we have. And that can be done by engaging with the community and listening to its concerns. The distribution method is just one aspect of the larger picture.
And what does the team do to attract new users? Advertising, contests or something else?
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barborrico
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March 14, 2018, 08:52:58 AM
 #17782

Pulled from github:
exports.from_email_name = 'Byteball email attestation bot';

exports.priceInBytes = 500000;
exports.rewardInUSD = 10;
exports.referralRewardInUSD = 10;

Tony, please, add i18n for this and real name attestation one. If we are aiming mass adoption, this is prioritary IMHO.

Check #localization channel on Slack.
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March 14, 2018, 11:01:55 AM
 #17783

The API documentation has been published on our site!
Our application programming interface was developed to integrate SilentNotary with different systems and applications. You can find SilentNotary API documentaton on our product page: https://silentnotary.com/index.html#prdct

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Hhugh
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March 14, 2018, 03:20:47 PM
 #17784

I had the BTC - Byteball exchange bot "ignore" my deposit because it was "too small".  Admittedly, it wasn't a lot, but it was in the ballpark of 20USD at the time of the deposit.  The message was just "Received your payment of 0.059 GB it is too small to be exchanged, will be ignored.".

In my opinion, this is broken behavior.  If the amount is too small to exchange, send it back after some time, don't just confiscate the money..

Is there anyone I can talk to to get my money back?

I was glad to see that whoever runs the BEEB exchange is around to take care of their customers.  Does anyone know who runs the BTC-Byteball exchange bot?  I still haven't heard anything.  It seems like whoever runs this bot just stole my 20$

This bot has a buyer beware and explicitly says not to deposit the amount you deposited. So I'd have to respectfully say that there's only one place to put the blame if you don't get refunded.
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March 14, 2018, 03:31:39 PM
Last edit: March 14, 2018, 03:44:08 PM by Marc De Mesel
 #17785

I recently watched on Youtube Louis Thomas telling his viewers he is buying Byteball (see link below). His fundamental analysis has been impressive to date, and his explanation on why he liked Byteball makes sense. One key component I find interesting is its incredibly low supply of 1,000,000 coins, and a circulating supply of 645,000 coins. Of course, if the tech behind any coin is weak, then the supply doesn't matter much (I am not saying Byteball tech is weak). Furthermore, in 2017 we've seen that supply is not that important for a major rally (Ripple, Tron -4.35% , and a few other coins with multi-billions in supply have proven this). Second, Byteball's performance in relation to other tokens and coins in 2017 was really unimpressive. This is perhaps the most important reason I will likely stay away, as Byteball has been available to the public long enough to have been noticed by now, or at least much more than 600 mill in market cap by the 4th quarter of 2017 (current market cap is 180 mill). Third, the crypto market in general is in a state of possible breakdown and bear market, so any altcoin will need to be scrutinized much more heavily than 2017. However, I am a chartist at the end of the day, so if the price action displays close to what I indicated in the chart, I will be interested to own some.

https://www.youtube.com/watch?v=HWBWwH3gSCs

Fair enough.

Do take into account that the price history per Gbyte on coinmarketcap does not reflect the returns of a byte holder due to the many airdrops that a byte holder received.

For example, coinmarketcap starts at value of 0.020 BTC per Gbyte on Dec 27th 2016 (=$20).

Today it stands at 0.026 BTC/Gbyte, so you could think return in Bitcoin value was only 30%.



However since then, every 1 byte owned received over the year an additional 3 bytes in airdrops I roughly estimate, for free.

Bringing the total return today at 4 Gbyte * 0.026 = 0.100 BTC, so 300% return expressed in BTC, instead of the 30% that it looks like on the chart, ie: 10 times more.

In USD 1 Gbyte is worth $230 today * 4 = $920, a 46x return!

And this is for those that bought their first Gbyte end 2016 when it started trading at $20, most got them for free in the first airdrop the weeks before and only invested mind and time.


Ofcourse, like in all crypto's, bytes have been a terrible investment for those that bought at the peaks, but for those that dollar cost averaged over it's life existence of now little over 1 year, it has been a tremendous investment still today.


This does not debunk your argument that total market cap for Byteball peaking out at only $600 million is not spectacular compared to many others, but for that I would refer to valuations in previous crypto bubble in 2013 or the dotcom bubble in 1999.  Many coins and companies in top 30 end up dissapearing, while many that are barely seen in the rankings, end up taking the market after the bubble collapses.

It's all about real adoption, utility. Byteball is not there yet, but it certainly has it's focus right.



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Hhugh
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March 14, 2018, 03:33:29 PM
 #17786

byteball is good. even if the airdrop is cancelled, and there will come another airdrop, but is not as easy as before to getting free coins.

byteball has its own code from scratch.
has its main net and running.
has a good and responsible coder.
it is the dag mode.
it is wrote by node.js, will be integrated to web easily.
its app is also good to do chat and text coin.
it has contracts.



but, please remember, guys.
there is only one dev in this proj.
this is centralized coin because of witness owned by one person.
the decision and direction of this coin is managed by one person, and there is no sign and trend this person will listen to the community.
all are the price, if you hold large numbers of byteball, you must learn that you are only an ant,  the big elephant is the others especially ... , if the price comes up high and he sells before you, you will be let down.


This is very bad that only Tony is the one and only developer and the man behind this project. From what I know all witnesses are running by Tony. If something happens to him this will be the end of Byteball. Especially if there is not much information about Tony. Just think about this for a second. This is why decentralization is so powerful. When started could not be stopped for any reason and Byteball could be down next month if Tony disappears. This is a real thread for this project and until there is no backup plan I don't see mass adoption. Just my 2 cents.

I would love to see some of the undistributed funds be spent to ramp up the team (particularly bringing on more full time marketing and business development employees) but I would disagree with a few items.

There are 3 full time developers and there are developers who are actively working on projects that will work exclusively on the Byteball platform. The only reason these other developers haven't forked and created their own coin is because Tony is a genius and having Tony and shitty marketing today is better in the LONG TERM than doing marketing their own way today and not having Tony and his team of two others build the (IMO) best conceivable crypto platform.

If Tony dies I guarantee the project will be forked, the witness structure will transition to a masterwitness scheme (like dash masternodes but no miners and different concensus) and the existing GBYTE holders will continue on without their blackbytes.

Mass adoption will come. But it's not going to come before most people want to sell and move onto the next mooning shitcoin.
Saxnot
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March 14, 2018, 03:34:03 PM
 #17787


There are 3 full time developers and there are developers who are actively working on projects that will work exclusively on the Byteball platform.

Who are the other Devs?

barborrico
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March 14, 2018, 03:37:24 PM
Last edit: March 14, 2018, 03:54:19 PM by barborrico
 #17788

Mass adoption will come. But it's not going to come before most people want to sell and move onto the next mooning shitcoin.

Mass adoption requires internationalization. English chatbots frighten non english users. Especially the ones which users can get some bytes for free to play with.
Hhugh
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March 14, 2018, 03:53:47 PM
 #17789


There are 3 full time developers and there are developers who are actively working on projects that will work exclusively on the Byteball platform.

Who are the other Devs?

I don't see their names in public forums and don't intend to be the first person to name names... but if you look at Tony's contributions and commits on github and see what has been built in the last year it's self evident he's not working alone.
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March 14, 2018, 03:55:38 PM
 #17790


There are 3 full time developers and there are developers who are actively working on projects that will work exclusively on the Byteball platform.

Who are the other Devs?

I don't see their names in public forums and don't intend to be the first person to name names... but if you look at Tony's contributions and commits on github and see what has been built in the last year it's self evident he's not working alone.

AFAIK @Punqtured from slack has recently taken on translation efforts. He seems to have accomplished a lot in the little time he has been working on it. I don't know if he's going to tackle the bots (since many are third party submissions) but that's a good point.
Marc De Mesel
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March 14, 2018, 07:40:03 PM
 #17791

I would love to see some of the undistributed funds be spent to ramp up the team (particularly bringing on more full time marketing and business development employees) but I would disagree with a few items.

There are 3 full time developers and there are developers who are actively working on projects that will work exclusively on the Byteball platform. The only reason these other developers haven't forked and created their own coin is because Tony is a genius and having Tony and shitty marketing today is better in the LONG TERM than doing marketing their own way today and not having Tony and his team of two others build the (IMO) best conceivable crypto platform.

If Tony dies I guarantee the project will be forked, the witness structure will transition to a masterwitness scheme (like dash masternodes but no miners and different concensus) and the existing GBYTE holders will continue on without their blackbytes.

Mass adoption will come. But it's not going to come before most people want to sell and move onto the next mooning shitcoin.

Awesome post Hhugh !!!  Cool

If Tony were to die, why continue without the blackbytes though?

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March 14, 2018, 08:26:25 PM
 #17792

I would love to see some of the undistributed funds be spent to ramp up the team (particularly bringing on more full time marketing and business development employees) but I would disagree with a few items.

There are 3 full time developers and there are developers who are actively working on projects that will work exclusively on the Byteball platform. The only reason these other developers haven't forked and created their own coin is because Tony is a genius and having Tony and shitty marketing today is better in the LONG TERM than doing marketing their own way today and not having Tony and his team of two others build the (IMO) best conceivable crypto platform.

If Tony dies I guarantee the project will be forked, the witness structure will transition to a masterwitness scheme (like dash masternodes but no miners and different concensus) and the existing GBYTE holders will continue on without their blackbytes.

Mass adoption will come. But it's not going to come before most people want to sell and move onto the next mooning shitcoin.

Awesome post Hhugh !!!  Cool

If Tony were to die, why continue without the blackbytes though?

Want some advice may be you should stop bragging being an early adopter of bitcoin and loving lambos and girls this world is full of bad guys especially when you do public interviews and videos,definitely no a good idea,satoshi him self wasn’t stupid to go completely under the radar.
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March 14, 2018, 08:53:53 PM
 #17793

technical question, my wallet, latest version is syncing very very slow. are they any known problems?

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March 14, 2018, 09:48:10 PM
 #17794



Use our textcoin feature to send Bytes via WhatsApp, even if the recipient does not yet have a Byteball address




Please retweet https://twitter.com/byteballorg/status/974009242486177792?s=21

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
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March 14, 2018, 10:55:08 PM
 #17795

Who cares about the airdrop, this tech is DOPE and so young and will be around long after the pretender projects die off.

Adding big positions on days of these very dumb dumps.
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March 15, 2018, 12:18:17 AM
 #17796

I had the BTC - Byteball exchange bot "ignore" my deposit because it was "too small".  Admittedly, it wasn't a lot, but it was in the ballpark of 20USD at the time of the deposit.  The message was just "Received your payment of 0.059 GB it is too small to be exchanged, will be ignored.".

This bot has a buyer beware and explicitly says not to deposit the amount you deposited. So I'd have to respectfully say that there's only one place to put the blame if you don't get refunded.

Actually... it doesn't say that at all... what it actually says is:
Quote
We'll exchange as much as you pay, but the maximum amount is 1 GB, minimum is 0.002 BTC worth.
Which in my opinion is a little misleading... having maximum as BYTEs and minimum as BTC Undecided 

It is perfectly reasonable to expect someone to read that as Max is 1 GB... min is 0.002... user sends 0.059 GB... starts wondering why their deposit is too small when minimum is 0.002. Yes, the user should probably be more careful and read things properly, but still... this is just setting people up to fail and that's just not good UI/UX.

Also, given that the rates are constantly changing... specifying a fixed minimum in the converted unit is a terrible idea!

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March 15, 2018, 09:37:52 AM
 #17797

Who cares about the airdrop, this tech is DOPE and so young and will be around long after the pretender projects die off.

Adding big positions on days of these very dumb dumps.

Since most of the Byteball holders received their stack for free after so many months. Their hands are probably the most weak. They are probably dumping Bitcoin along with the free GBBYTE they got as we speak. Best to add positions after the carnage is over.
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March 15, 2018, 01:11:34 PM
 #17798


Pre-Announcement

Byteball is in the process of establishing a legal entity in Switzerland/Lichtenstein. This is aimed at bringing marketing and business development to a new level. Consequently, to grow strategically we need a budget enabling us to make short term and medium term plans. We need to hedge against volatility and work in fiat. Byteball is following the best practices in the crypto market.

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
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March 15, 2018, 01:23:37 PM
 #17799

SilentNotary Ethereum token sale starts today!
Crowdsale will be opened at 21:00 UTC 15.03.2018


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March 15, 2018, 02:36:02 PM
 #17800


Pre-Announcement

Byteball is in the process of establishing a legal entity in Switzerland/Lichtenstein. This is aimed at bringing marketing and business development to a new level. Consequently, to grow strategically we need a budget enabling us to make short term and medium term plans. We need to hedge against volatility and work in fiat. Byteball is following the best practices in the crypto market.

Mhh this sounds interesting. Was quite disappointed in the last weeks, because of the progress of this project but maybe Byteball will change tack. I really hope so Smiley

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