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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1233951 times)
!vanovi4
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June 21, 2018, 07:43:01 PM
 #19261

I like this project in that there are no blocks in Byteball, and there is no problem with the block size. Instead, each new transaction refers to one or more of the earlier (parents) by including and signing their hashes. Links between transactions form a DAG. I think this is a good decision.
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
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1713775070
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waszurHölle
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June 21, 2018, 09:47:19 PM
 #19262

Jeez this coin has managed to drop to 112 on CMC  Angry Angry Angry

From 1000$ to 120$ in absolute value, but that is not the issue in a bear market, the issue is that this coin has gone from page 1 on CMC to page 2, and is going into oblivion fast.

Byteball is the leading coin with DAG algorithm and a great wallet and so on. It takes a lot of idiocy and bad marketing to run it into the ground like this.

Having such a small market cap is a major knee jerk, I am 100% sure it would be among the first 30 coins if it was listed in MBYTE instead of GBYTE...

MUCH MUCH MUCH MUCH crappier coins are further up.  Embarrassed Cry

 Roll Eyes

The marketcap and/or price of a coin is not a indicator for the quality of the developer's work. Are EOS and Tron worth their price? My opinion based on the non existing product is but the market has a different opinion.
Rumhurius
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June 21, 2018, 10:36:16 PM
 #19263

The betbot is supercool n easy to use for Worldcupbets
https://papabyte.com/byteball-sport-betting-bot.html

love it!  Kiss

Real14Hero
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June 22, 2018, 12:49:54 AM
 #19264

The betbot is supercool n easy to use for Worldcupbets
https://papabyte.com/byteball-sport-betting-bot.html

love it!  Kiss
The problem is with the live betting support and the availability of markets and odds.
Live betting support is totally missing while the markets offered are pathetic.

There are other sportsbook such as sportsbook.io that offer much much better service with other cryptos that people wont prefer byteball chat bot to bet when they can already do it with telegram or on sitem
Rumhurius
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June 22, 2018, 06:53:52 AM
 #19265

The betbot is supercool n easy to use for Worldcupbets
https://papabyte.com/byteball-sport-betting-bot.html

love it!  Kiss
The problem is with the live betting support and the availability of markets and odds.
Live betting support is totally missing while the markets offered are pathetic.

There are other sportsbook such as sportsbook.io that offer much much better service with other cryptos that people wont prefer byteball chat bot to bet when they can already do it with telegram or on sitem

i am a simple man.
i has all i need and i like it a lot  Kiss

Freefactomizer
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June 22, 2018, 07:10:06 AM
 #19266

The betbot is supercool n easy to use for Worldcupbets
https://papabyte.com/byteball-sport-betting-bot.html

love it!  Kiss
The problem is with the live betting support and the availability of markets and odds.
Live betting support is totally missing while the markets offered are pathetic.

There are other sportsbook such as sportsbook.io that offer much much better service with other cryptos that people wont prefer byteball chat bot to bet when they can already do it with telegram or on sitem

lol haters gonna hate

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Obyte Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
jjacob
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June 22, 2018, 07:14:26 AM
 #19267

I see that again and again there are people here who claim that Byteball should be not be listed in Gigabytes in exchanges since this would be harming the price, because investors would perceive the high cost of one Gigabyte very expensive. I have always been against the "tactical" idea of scaling down the official unit of measurement just for the purpose to benefit the price. Tony has always stated that he is not interested in the price but in the distribution of the coin, and I have always agreed on that.

But then, I've also seen Byteball listed in Gigabytes on Coinmarketcap and something has suddenly clicked in my mind.
The fact that Byteball is measured in Gigabytes is not a problem because this is harming its price.

The fact that Byteball is measured in Gigabytes is a problem because it is crucially violating Byteball's mission number one: to achieve mass adoption.

It is an interesting argument, but the real focus is not just widespread distribution of Byteball, but widespread adoption. If you do shift the unit of listing at exchanges to MegaBytes or KiloBytes, you would have more people buying. The problem is that most of them will be speculators with no motive of trying to use bytes.

Who's using it now?

https://byteball.fr/heartbeat.php

There's maybe a few transactions per minute on average, every node that matters is operated by one person, and the trading volume is only $100k per day (no one is even speculating on it). I don't really see how it can degrade the situation much at this point.

It definitely will not degrade the situation. I was just trying to see if the logic of changing the denomination would increase adoption (and not speculative buyers). It is not that straightforward, but worth a shot. It would be pretty easy for Tony and co to implement it as well.


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pineapple express
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June 22, 2018, 07:46:11 AM
 #19268

I see that again and again there are people here who claim that Byteball should be not be listed in Gigabytes in exchanges since this would be harming the price, because investors would perceive the high cost of one Gigabyte very expensive. I have always been against the "tactical" idea of scaling down the official unit of measurement just for the purpose to benefit the price. Tony has always stated that he is not interested in the price but in the distribution of the coin, and I have always agreed on that.

But then, I've also seen Byteball listed in Gigabytes on Coinmarketcap and something has suddenly clicked in my mind.
The fact that Byteball is measured in Gigabytes is not a problem because this is harming its price.

The fact that Byteball is measured in Gigabytes is a problem because it is crucially violating Byteball's mission number one: to achieve mass adoption.

It is an interesting argument, but the real focus is not just widespread distribution of Byteball, but widespread adoption. If you do shift the unit of listing at exchanges to MegaBytes or KiloBytes, you would have more people buying. The problem is that most of them will be speculators with no motive of trying to use bytes.

Who's using it now?

https://byteball.fr/heartbeat.php

There's maybe a few transactions per minute on average, every node that matters is operated by one person, and the trading volume is only $100k per day (no one is even speculating on it). I don't really see how it can degrade the situation much at this point.

It definitely will not degrade the situation. I was just trying to see if the logic of changing the denomination would increase adoption (and not speculative buyers). It is not that straightforward, but worth a shot. It would be pretty easy for Tony and co to implement it as well.
that's up to exchanges, not to Tony. There is already an exchange trade mbytes. I guess they also have a complete lack of interest from traders to TonysDatabaseCoin
cryptohunter
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June 22, 2018, 09:14:04 AM
 #19269

I see that again and again there are people here who claim that Byteball should be not be listed in Gigabytes in exchanges since this would be harming the price, because investors would perceive the high cost of one Gigabyte very expensive. I have always been against the "tactical" idea of scaling down the official unit of measurement just for the purpose to benefit the price. Tony has always stated that he is not interested in the price but in the distribution of the coin, and I have always agreed on that.

But then, I've also seen Byteball listed in Gigabytes on Coinmarketcap and something has suddenly clicked in my mind.
The fact that Byteball is measured in Gigabytes is not a problem because this is harming its price.

The fact that Byteball is measured in Gigabytes is a problem because it is crucially violating Byteball's mission number one: to achieve mass adoption.

It is an interesting argument, but the real focus is not just widespread distribution of Byteball, but widespread adoption. If you do shift the unit of listing at exchanges to MegaBytes or KiloBytes, you would have more people buying. The problem is that most of them will be speculators with no motive of trying to use bytes.

Who's using it now?

https://byteball.fr/heartbeat.php

There's maybe a few transactions per minute on average, every node that matters is operated by one person, and the trading volume is only $100k per day (no one is even speculating on it). I don't really see how it can degrade the situation much at this point.

It definitely will not degrade the situation. I was just trying to see if the logic of changing the denomination would increase adoption (and not speculative buyers). It is not that straightforward, but worth a shot. It would be pretty easy for Tony and co to implement it as well.

Look the entire crypto market including btc is for speculators  There is no widespread adoption yet so gbytes a basically unheard of untested tech is dreaming of focusing on these pipe dreams right now.

It goes like this.

1. get the speculators (we did have those before we fucked them all over a few times)
2. get a high position on that manipulated shit hole coinmarket cap(THIS IS YOUR MARKETING PHASE)
3. get attention get more attention (THIS IS YOUR MARKETING PHASE)
4. bring the tech to maturity so it is not pushed aside for then next latest and greatest design
5. with the attention and tech maturity bring the gradual adoption if the project deserves it.


it is not the exchanges who decide the denominations it is packaged it is the developer. Smart projects already noticed the noob wave of imbeciles who seek per unit cheap tokens and ignore high individual cost tokens.

It was foolish to ever seek denominations of gbyte from the start iota realised this and went the opposite way.


tonych (OP)
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June 23, 2018, 01:02:43 AM
Merited by LoyceV (5)
 #19270

Today is a big day for blackbytes: now they can be sent to anyone, even if they are not in Byteball yet, no pairing required.

https://medium.com/byteball/private-textcoins-6a2288d80757



This is part of version 2.3 released today https://github.com/byteball/byteball/releases

* Blackbytes and other private assets can now be sent as textcoins.  Private textcoins are files with .coin suffix, they can be sent over email, chat apps, or using a USB stick.  The file contains the mnemonic, which allows to derive the private key, and private payloads together with their entire history, this is exactly the history which is *not* posted to the public DAG.  Double-clicking the .coin file opens the app and starts claiming the textcoin (it can take a while as a long history needs to be validated), the file can be also drag-n-dropped to the app.
* Ability to sign arbitrary message to prove one's address.  The signer doesn't need to have any bytes.  The text to be signed is offered in chat, the signer clicks it and signs.
* Ability to spend unconfirmed funds.  It will be enabled in the validating code at MCI 2909000 but standard wallets will not be able to select unconfirmed coins as inputs until the next update.  Developer projects such as BIoT (which uses payment channels for streaming payments between IoT devices) can immediately take advantage of this update.  It is a breaking change, all full nodes will have to upgrade.
* Extensions of smart contract language. It is a breaking change, all full nodes will have to upgrade.
* Fixes in determining finality of transactions.  It is a breaking change, all full nodes will have to upgrade.
* Fixes in multi-send feature on non-US locale.
* Fixed the display of confirmation message when posting data (data feeds, attestations, etc) from a multi-sig wallet.  Now the message includes the data being posted.
* Multiple small bugfixes

This is a mandatory update for all full nodes (both GUI and headless).

Simplicity is beauty
Alubert
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June 23, 2018, 01:03:37 AM
 #19271

Great to see the latest update.
ByteFan
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June 23, 2018, 04:01:28 AM
 #19272

Blackbytes Bytes Exchange BEEB is offering you 1,000,000 Bytes!

Trade BlackBytes on BEEB! - https://beeb-bot.com



Note: the following link can be claimed only once.

Here is your link to receive 1,000,000 Bytes: https://www.beeb-bot.com/textcoinclaim.php#textcoin?negative-present-hair-retreat-second-novel-enjoy-explain-soda-lobster-ozone-hedgehog

bunchakhongmz999
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June 23, 2018, 08:53:37 AM
 #19273

Do anyone know that  when distribution rounds will be ended?
I want to know seriously
BitcoinArsenal
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June 23, 2018, 11:10:45 AM
 #19274

Do anyone know that  when distribution rounds will be ended?
I want to know seriously

Which distribution rounds do you mean? If you mean the rounds where you got coins for holding Bytes then this distribution is already over since a couple of months. Currently there are several campaigns for receiving Bytes like inviting friends, crunching tasks by providing processing power, receiving cash back of Bytes for purchases and doing an identification on Byteball dag.
Sharpbit
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June 23, 2018, 11:26:45 AM
 #19275

@tony: When can we expect to get the next payment for WCG campaign? Thanks!
22naru
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June 23, 2018, 01:54:20 PM
 #19276

Today is a big day for blackbytes: now they can be sent to anyone, even if they are not in Byteball yet, no pairing required.

https://medium.com/byteball/private-textcoins-6a2288d80757



This is part of version 2.3 released today https://github.com/byteball/byteball/releases

* Blackbytes and other private assets can now be sent as textcoins.  Private textcoins are files with .coin suffix, they can be sent over email, chat apps, or using a USB stick.  The file contains the mnemonic, which allows to derive the private key, and private payloads together with their entire history, this is exactly the history which is *not* posted to the public DAG.  Double-clicking the .coin file opens the app and starts claiming the textcoin (it can take a while as a long history needs to be validated), the file can be also drag-n-dropped to the app.
* Ability to sign arbitrary message to prove one's address.  The signer doesn't need to have any bytes.  The text to be signed is offered in chat, the signer clicks it and signs.
* Ability to spend unconfirmed funds.  It will be enabled in the validating code at MCI 2909000 but standard wallets will not be able to select unconfirmed coins as inputs until the next update.  Developer projects such as BIoT (which uses payment channels for streaming payments between IoT devices) can immediately take advantage of this update.  It is a breaking change, all full nodes will have to upgrade.
* Extensions of smart contract language. It is a breaking change, all full nodes will have to upgrade.
* Fixes in determining finality of transactions.  It is a breaking change, all full nodes will have to upgrade.
* Fixes in multi-send feature on non-US locale.
* Fixed the display of confirmation message when posting data (data feeds, attestations, etc) from a multi-sig wallet.  Now the message includes the data being posted.
* Multiple small bugfixes

This is a mandatory update for all full nodes (both GUI and headless).


nice one:) this is a big update Smiley

cheers for that, i need to take out my blackbytes from cold store Smiley
Marc De Mesel
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June 23, 2018, 01:55:56 PM
 #19277

Hi guys, talked about Byteball adoption in Venezuela in my latest video  Cool

Starting at 11min: https://youtu.be/08Z1oBjF4ig?t=10m56s

Early Bitcoin, Byteball & Bitcoin Cash Investor. Loving Voluntarysm, Lambos & Girls Wink
Check out my: https://youtube.com/user/Marcdemesel - https://twitter.com/marcdemesel & https://instagram.com/marc_de_mesel
bspus
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June 23, 2018, 02:09:36 PM
 #19278

Send BB by file sounds cool, but lets say I send a payment to two people simultaneously because I'm a cheater.

Will they both be able to import the file with no problems and see it in their balance or only the first one while the other gets an error?

If they can both import it, then as soon as one of them spends it will the other one find out immediately (as soon as the wallet is synced) or only find out later when he tries to spend it too and gets an error?

Godiva1298aba
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June 23, 2018, 02:51:22 PM
 #19279

How much space would a smart contract take when posted on the DAG? This would guarantee that it is never lost and allow recovery from seed even for non multisig wallets.
naska21
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June 23, 2018, 04:35:04 PM
 #19280

Today is a big day for blackbytes: now they can be sent to anyone, even if they are not in Byteball yet, no pairing required.


This is a mandatory update for all full nodes (both GUI and headless).


Great! I thought it would be nice to have your public pgp key published somewhere and sig file for future Byteball releases to ensure our downloads are not compromised by someone else.
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