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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1231367 times)
witch
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April 11, 2018, 10:48:21 PM
 #18201

Tonych, what about the possible BOINC project for Byteball? No decision or action yet for that? I'm still looking forward to contribute some computing power for any decent research.

There will be a distribution to World Community Grid contributors soon.
I'm currently developing the bot that will link Byteball addresses to WCG accounts.

That's the future plan of distribution?
It seems like the early distribution of Ripple.
Is it FAIR or effective?
Is it fair? It is literally POW. Is it effective? Ask Ripple.
Haha, that one was good.

To the fairness debatte: I think it is fair to reward btc whales more than smaller btc holders, because these are mostly the early adopters.
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Bannedseller
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April 11, 2018, 11:24:31 PM
 #18202

Quietly potential Shocked Should I invest a little bit?

This project BYTEBALL is a hidden germ. They just need to do some marketing:They just hires first PR agency (see above)...
nhathongkehoc
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April 11, 2018, 11:27:19 PM
 #18203

As I understand it, ripple XRP were 100% premined and 60% are still hodl'd by the creators. With byteball it was 100% premined and I think 35% are currently hodl'd by creator. So yes quite similar. But byteball not quite as bad. And Tony (byteball creator) still as far as I know 'promising' to distribute all in ways judged to increase the amount of byteball users. (however the timescale for distribution is unknown).
Thanks. 35% premined hold by tonych, the rest will be distributed completely somehow. It is still better than Ripple. The project has good features which can change the mining industry, and with plans for distribution 65% premined, I hope Byteball will have appropriate marketing campaigns to attract as many investors as possible.
CryptKeeper
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April 12, 2018, 04:18:06 AM
 #18204




Ethereum for sophistication, Byteball for clarity
https://byteball.org



Please retweet https://twitter.com/byteballorg/status/984088260854075392?s=21

Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
nguyenthithuken
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April 12, 2018, 05:50:40 AM
 #18205

Hi dev, I used the private key to sync the wallet my mobile to my computer but it didn't sync. I don't know how to sync. Please everybody know about this issue help me! Thanks
phanphanphuyen
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April 12, 2018, 05:57:29 AM
 #18206

< image snipped >


Ethereum for sophistication, Byteball for clarity
https://byteball.org



Please retweet https://twitter.com/byteballorg/status/984088260854075392?s=21
Yeah, simplicity is the best, as Tony stated via his signature. No block, no chain, non-DAG algorithm, textcoin (no need available wallet to send coins to receivers). Lots of breaking features in Byteball specifications.
I support Byteball and hope someday this one will become greater than Ethereum.

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sailthor
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April 12, 2018, 07:26:01 AM
 #18207

< image snipped >


Ethereum for sophistication, Byteball for clarity
https://byteball.org



Please retweet https://twitter.com/byteballorg/status/984088260854075392?s=21
Yeah, simplicity is the best, as Tony stated via his signature. No block, no chain, non-DAG algorithm, textcoin (no need available wallet to send coins to receivers). Lots of breaking features in Byteball specifications.
I support Byteball and hope someday this one will become greater than Ethereum.
Huh Read up more, your info is incorrect

tyz
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April 12, 2018, 08:33:05 AM
 #18208

What would interest me in general about byteball, when are the witnesses chosen or determined? As far as I know (and so it is in the white paper) Tony and/or the admins are still controlling the nodes. Thus, Byteball is currently centralized to my understanding. Is there a roadmap to when the witnesses should be determined?
Wekkel
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yes


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April 12, 2018, 09:26:31 AM
 #18209

I love these short and simple Ad-banners.

xlcus
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April 12, 2018, 12:53:14 PM
 #18210

I love these short and simple Ad-banners.
What are you talking about, m8? Looks like spamming thread.

Looking at his signature of DeepOninion. You will know well that he is spamming his scam.
fabi90
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April 12, 2018, 04:46:12 PM
 #18211

What if Byteball goes from negligible fees to no fees? Then it will be on par with IOTA and Nano. These three coins (and their their successor DAG coins) will then dominate the entire cryptocurrency space!
meterse
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April 12, 2018, 05:14:49 PM
 #18212

What if Byteball goes from negligible fees to no fees? Then it will be on par with IOTA and Nano. These three coins (and their their successor DAG coins) will then dominate the entire cryptocurrency space!

Let me quote the founder and lead developer once again:

About the fees. We want a system that is fair as much as possible, and doesn’t bleed resources to the outside world such as what PoW does, and still protects against spam. We don’t want a fee market and uncertainty that it brings, we want a fee that is known for certain. And fair means that the fee is proportional to the amount of resources consumed from the peers.

The simplest way to satisfy all these criteria is to set the fee equal to the transaction size in bytes. That simple. This also gives the natural name to the native currency: byte. You pay 1 byte of the currency to store 1 byte of transaction data.

Having no fees at all means less security and no spam protection.
meterse
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April 12, 2018, 05:18:53 PM
 #18213

Read the latest Byteball email newsletter: buy bytes using visa and mastercard plus two new grants accepted https://mailchi.mp/d4e199de62b3/buy-bytes-using-visa-and-mastercard-plus-two-new-grants-accepted
tyz
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April 12, 2018, 06:08:58 PM
 #18214

You can not compare Ripple and Byteball. Neither the technology nor the distribution. It is like comparing bears and apples. Ripple has a horrible distribution. Some months ago I read this post on Reddit covering Ripple's distribution. It shows all the madness.
https://www.reddit.com/r/Ripple/comments/7pr341/xrp_distribution/

As I understand it, ripple XRP were 100% premined and 60% are still hodl'd by the creators. With byteball it was 100% premined and I think 35% are currently hodl'd by creator. So yes quite similar. But byteball not quite as bad. And Tony (byteball creator) still as far as I know 'promising' to distribute all in ways judged to increase the amount of byteball users. (however the timescale for distribution is unknown).
tonych (OP)
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April 12, 2018, 07:19:27 PM
Merited by vlom (5), Random-String-Symphony (1)
 #18215

We've got our first fiat on-ramp https://medium.com/byteball/buying-bytes-with-visa-or-mastercard-d8ee2d1a2b07

After passing the real-name attestation, it is now possible to buy Bytes with Visa and Mastercard with a low fee.  The fee is partially subsidized from undistributed funds.


Simplicity is beauty
jjacob
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April 12, 2018, 09:27:49 PM
 #18216

We've got our first fiat on-ramp https://medium.com/byteball/buying-bytes-with-visa-or-mastercard-d8ee2d1a2b07.  

After passing the real-name attestation, it is now possible to buy Bytes with Visa and Mastercard with a low fee.  The fee is partially subsidized from undistributed funds.

The 3% net commission does seem to be too high, but of course if you look at the 20% charge when buying from Indacoin directly, it is low.  Restricting the reward per user to $100 is not bad, because nobody is going to buy thousands of dollars worth of Byteball using this method.
But I wonder how many new users this method would attract to Byteball? Not too many, if you are a jumio-attested user already.


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rty
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April 12, 2018, 10:08:22 PM
 #18217

We've got our first fiat on-ramp https://medium.com/byteball/buying-bytes-with-visa-or-mastercard-d8ee2d1a2b07

After passing the real-name attestation, it is now possible to buy Bytes with Visa and Mastercard with a low fee.  The fee is partially subsidized from undistributed funds.



Bot "Buy bytes with Visa or Mastercard"
don't work Undecided
"No profiles matching the request criteria"

Real name attestation bot:
"You were already attested at 2018-02-22. Attest again?"
European Central Bank
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April 12, 2018, 10:14:55 PM
 #18218

The 3% net commission does seem to be too high, but of course if you look at the 20% charge when buying from Indacoin directly, it is low.  Restricting the reward per user to $100 is not bad, because nobody is going to buy thousands of dollars worth of Byteball using this method.
But I wonder how many new users this method would attract to Byteball? Not too many, if you are a jumio-attested user already.

look at how much changelly put on top of the price when it was available. sometimes it was double. this isn't too far off the norm.

it's a great boon. very few projects have this availability, especially in wallet.
tonych (OP)
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April 12, 2018, 10:43:21 PM
 #18219

We've got our first fiat on-ramp https://medium.com/byteball/buying-bytes-with-visa-or-mastercard-d8ee2d1a2b07

After passing the real-name attestation, it is now possible to buy Bytes with Visa and Mastercard with a low fee.  The fee is partially subsidized from undistributed funds.

Bot "Buy bytes with Visa or Mastercard"
don't work Undecided
"No profiles matching the request criteria"

Real name attestation bot:
"You were already attested at 2018-02-22. Attest again?"

Do you have all these fields in your profile: first name, last name, country, date of birth, ID number, ID type?

Simplicity is beauty
cryptohunter
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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG


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April 12, 2018, 11:39:18 PM
 #18220

We've got our first fiat on-ramp https://medium.com/byteball/buying-bytes-with-visa-or-mastercard-d8ee2d1a2b07

After passing the real-name attestation, it is now possible to buy Bytes with Visa and Mastercard with a low fee.  The fee is partially subsidized from undistributed funds.



this looks excellent

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