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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1227339 times)
barborrico
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April 13, 2018, 07:10:54 AM
Merited by kaicrypzen (1)
 #18261

Chicken and egg problem with Jumio attestation remains.

I am a new user, I have byteball wallet installed, if I want bytes I need to have bytes first.

Subsidize Jumio attestation and give 12$ as a reward. With that, a new user can play with bytes riskless, and then, if he/she likes the platform, buy bytes through bot. Or, getting more by spreading the word.
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April 13, 2018, 09:58:34 AM
 #18262

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?

Yes, all fields "first name, last name, country, date of birth, ID number, ID type"
Tab "send this profile" don't active

Byteball wallet v2.1.0 light
CryptoRobert
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April 13, 2018, 12:21:00 PM
 #18263


Ripple did this several years ago. This was fun, but they stopped it because this giveaway was gamed like hell by guys who had access to HPC clusters. I got a lot of XRP renting AWS compute instances Smiley

Did too.  This could be easily managed by only making payments to Byteball verified accounts (Jumio), and limiting the payouts to a reasonable amount of computing power. What Tony needs is a lot of people with small rigs, not a few people with huge rigs.

Great idea if it will be fine tuned so as to be reasonably sure than nobody will be able to rig the system - as it often happens when there are givaways. We have recently seen it happening with the Byteball quiz.
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April 13, 2018, 02:09:15 PM
 #18264

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.

Changelly was a rip-off, if you were planning to use fiat to buy cryptocurrencies. However, it was not bad for buying cryptocurrencies like Byteball using Bitcoin. They got you the best possible price and added a margin of 0.5%. This wasn't too bad in the larger scheme of things.


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Haynes
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April 13, 2018, 05:10:24 PM
 #18265

Byteball Bytes project has potential, because this project is unusual and interesting for most people, I will also follow their development.  Cheesy Wink
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April 13, 2018, 06:01:12 PM
 #18266

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.

this is fucking great feature. this is what is needed. that Average Joe can buy coins with their most used payment method. you only have install the wallet and use two bots and here you go. you have a crypto currency. and after you bought bytes you can transfer them into blackbytes and Average Joe can "safely" buy stuff at the newst silkroad clone  Tongue

seriously: lower the entry barrier is something really useful.
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April 13, 2018, 07:30:07 PM
 #18267

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April 13, 2018, 07:51:10 PM
Last edit: April 13, 2018, 08:30:59 PM by mindrust
 #18268

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.

People are underestimating this feature because they are forgetting that its not just byteballs you can buy with VISA/MC, you can buy all the crypto with your credit card. You can use this bot for doing CreditCard>Byteball>Any crypto. Byteball to other crypto transformation can be incredibly cheap if you use the right exchange.

It is already very hard to buy crypto with credit cards. I know there are other ways but one of the most popular one I know is CEX.IO and while their exchange rates are already ridiculous, you also add like another %5 for the credit card fees. (total premium is around %10)

%3 is godsend compared to other similar cc/crypto services. Tbh, I don't know anything cheaper when it comes to buy crypto with cc. Even if the rates weren't good, this feature just enables another door for FIAT>Crypto route. It benefits everybody. (everybody but FIAT holders)




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April 13, 2018, 08:28:39 PM
 #18269

I'm not impressed. I don't see a point in this. If you have a visa/mastercard card, you have a bank account. If you have a bank account, you can just wire money on an exchange and buy bytes with reasonable 1-3% fee. Instead of working with high volume exchanges to list bytes, Tonych and team developed this rather bizarre way of buying bytes heavily subsidizing a private company in the process with undistributed funds.

Tell me what's so cool about it?

do you know how many countries don't have decent exchanges? plenty. you might have to send money abroad or not be able to do it at all. localbitcoins is the obvious alternative but premiums there can easily be far more than this card fee.

remember there's a whole world out there and every single country has a different level of crypto accessibility.


People are underestimating this feature because they are forgetting that its not just byteballs you can buy with VISA/MC, you can buy all the crypto with your credit card. You can use this bot for doing CreditCard>Byteball>Any crypto. Byteball to other crypto transformation can be incredible cheap if you use the right exchange.

this is a very good point. i do wonder though how solid this avenue is going to be though. cards and crypto are looking pretty shaky these days.
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April 13, 2018, 10:53:22 PM
 #18270

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?

Yes, all fields "first name, last name, country, date of birth, ID number, ID type"
Tab "send this profile" don't active

Byteball wallet v2.1.0 light

Try upgrading to 2.2.0.  If it doesn't help, please pm me your attested address.

Simplicity is beauty
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April 13, 2018, 11:33:31 PM
 #18271


Ripple did this several years ago. This was fun, but they stopped it because this giveaway was gamed like hell by guys who had access to HPC clusters. I got a lot of XRP renting AWS compute instances Smiley

Did too.  This could be easily managed by only making payments to Byteball verified accounts (Jumio), and limiting the payouts to a reasonable amount of computing power. What Tony needs is a lot of people with small rigs, not a few people with huge rigs.

Great idea if it will be fine tuned so as to be reasonably sure than nobody will be able to rig the system - as it often happens when there are givaways. We have recently seen it happening with the Byteball quiz.
It is POW. You can't "rig the system" - that's the point of POW rewards

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April 14, 2018, 03:14:12 AM
 #18272

~
Try upgrading to 2.2.0.  If it doesn't help, please pm me your attested address.

Hi tonych,

Can I find rich list in the Byteball DAG explorer? If yes, please tell me how to see rich list of Byteball holders.

★★★ BitCloak Bitcoin Mixer |BTC & BCH| FAST MIX | API | PGP PROOF | ESCROW ★★★
★ Tor and Clearnet mirrors | Payouts Every 60 seconds | Cheap 2% Service Fee | The Most Advanced Mixer | Discuss More
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April 14, 2018, 03:26:58 AM
 #18273

~
Try upgrading to 2.2.0.  If it doesn't help, please pm me your attested address.

Hi tonych,

Can I find rich list in the Byteball DAG explorer? If yes, please tell me how to see rich list of Byteball holders.
You can check the Byteball Top 100 richest list here https://byteball.fr/Top100ByteballRichest.php . You'll be able to search your address too to easily check if you belong to top 100. I'm not sure though if it's up to date.
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April 14, 2018, 04:15:31 AM
 #18274

You can check the Byteball Top 100 richest list here https://byteball.fr/Top100ByteballRichest.php . You'll be able to search your address too to easily check if you belong to top 100. I'm not sure though if it's up to date.

Highly appreciate your information, jhenfelipe. I have visited the link and found that most of byteball coins belong to the top 10 in the rich list.
Furthermore, what I know is 99% of Byteball will be planned to distribute to community via campaigns. Therefore, I guess the top 2 (or a bit lower ranks) belongs to Byteball team. Am I right?

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April 14, 2018, 06:07:47 AM
 #18275




Smart contracts are not only for smart kids
https://byteball.org



Please retweet https://twitter.com/ByteballOrg/status/984435303334150144

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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April 14, 2018, 06:11:37 AM
 #18276




Smart contracts are not only for smart kids
https://byteball.org



Please retweet https://twitter.com/ByteballOrg/status/984435303334150144
it looks interesting, i think save the better byteball inside the wallet, i like the concept of this project since long time, retweet done

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CryptKeeper
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April 14, 2018, 07:16:53 AM
 #18277

PUBLIC SERVICE ANNOUNCEMENT

Quote
Dear Byteball SilentNotary tokenholders!
Due to the technical error of the tokensale bot termination, several completely erroneous transactions:
42DCC3RPADD2DGXH52NTFZ5GLYCGA7TD
OUZ6WHKI53QJMGLF73JAYA7JWKEHDFNV
DYTQJ64VBVSVQ2KERMYYTWQZ4NUU6UYR
DYTQJ64VBVSVQ2KERMYYTWQZ4NUU6UYR
JTYIJR6GSK2F26JM6IHFLS575FQ3DXK2 were made.
These transactions do not correspond to the token sale aggrement and violate the rights of legal tokens holders, so the following decision was made:
1. We will issue a new tokens (assets) on the Bytball platform and distribute them between all legal token holders in the appropriate proportion. 2. The old token (asset) is no longer supported.
We apologize for the inconvenience and kindly ask you to temporarily refrain from operations with SilentNotary assets.

(from Byteball Slack)

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Obyte - An open cryptocurrency platform ready for real world adoption
acquafredda
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April 14, 2018, 09:13:11 AM
 #18278

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.

You are really full of surprises! Even implementing the missing fiat bridge for bytes. I wonder how long do we have to wait for the selling side to be 100% able to use byteball wallet as an excellent gateway in and out the crypto world.
Excellent job!
ByteFan
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April 14, 2018, 10:20:40 AM
Last edit: April 14, 2018, 10:44:32 AM by ByteFan
 #18279

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.

You are really full of surprises! Even implementing the missing fiat bridge for bytes. I wonder how long do we have to wait for the selling side to be 100% able to use byteball wallet as an excellent gateway in and out the crypto world.
Excellent job!

What is the point of "partially subsidize" the fee from the distribution fund? Why not fully compensate, or adjust to the average exchange fee (bittrex fee is 0.25%), if the goal is to facilitate FIAT-->GByte conversion.
GröBkAz
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April 14, 2018, 11:02:21 AM
 #18280

how I get the password for the byteball wallet? before they did not ask me and now that if I can not access my account
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