Obyte: Totally new consensus algorithm + private untraceable payments

[tonych]

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

....
* 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.

I added developer documentation about this feature https://github.com/byteball/byteballcore/wiki/Verifying-address-by-a-signed-message


Also, to help new developers get started with the bots, we added an example bot on github https://github.com/byteball/bot-example.  Developers can copy it and start adding their stuff.

[1632020499]

1632020499

[1632020499]

1632020499

[vlom]

do I need a full backup to keep the real name bot stuff?

Yes

thank you. and BTW
BTC bytes exchange bot works.
betting works
real name bot works
buy bytes via credit card works bot work
text coins are working

and now i am going to make more test with backbytes.

are these coins really untraceable?
do i just need a way to transfer the file to the recipient in a way that nobody can find out that i did it or is able to link it to me?


what i dont like is to wait for 6 minutes and no confirmation.

[vlom]

an i have a security concern with backbytes.

it could be a problem that it is possible the see if a blackbyte messages has been claimed or not. if somebody is able to find out at which time i claim the coins this could be a problem. this could be find out be just waiting and checking the status.
this is to much information for people that want the maximum possible security.

[meterse]

an i have a security concern with backbytes.

it could be a problem that it is possible the see if a blackbyte messages has been claimed or not. if somebody is able to find out at which time i claim the coins this could be a problem. this could be find out be just waiting and checking the status.
this is to much information for people that want the maximum possible security.

blackbytes are sent as digital files p2p. its not possible to check if claimed or not

[meterse]

Smart contract anonymous sports betting tool BB Odds https://bb-odds.herokuapp.com/ reviewed by Milan Horvath, Byteball Community Manager.

https://youtu.be/dnndKjI3pWc

[StandingTall]

Smart contract anonymous sports betting tool BB Odds https://bb-odds.herokuapp.com/ reviewed by Milan Horvath, Byteball Community Manager.

https://youtu.be/dnndKjI3pWc

I staked 50MB for France winning. Let's see how this plays out!

[vlom]

an i have a security concern with backbytes.

it could be a problem that it is possible the see if a blackbyte messages has been claimed or not. if somebody is able to find out at which time i claim the coins this could be a problem. this could be find out be just waiting and checking the status.
this is to much information for people that want the maximum possible security.

blackbytes are sent as digital files p2p. its not possible to check if claimed or not

thats not true. i sent backbytes between my devices /wallets and i could see if it was claimed or not.

that why I think it is a security breach. too much metadata is visible.

[LoyceV]

thats not true. i sent backbytes between my devices /wallets and i could see if it was claimed or not.

Of course you can see that, but that's also all you can see. The DAG only stores a hash that stops you from sending the same Blackbytes again.
You may be interested in this: Byteball: Blackbytes FAQ.

@ChainSmoker
Think of Blackbytes as a post-it handed to you by the previous owner. The post-it says: "ChainSmoker is now the new owner". Together with handing you the post-it, the DAG registers that the previous owner is no longer the owner of these Blackbytes. The DAG does not register that you received the post-it.
Now, if you lose this post-it, the previous owner can simply give you another post-it that says: "ChainSmoker is now the new owner". ^*
If you want to give your Blackbytes to someone else, your post-it contains all the information you need to create a new valid post-it for the receiving user, and to register the change of ownership in the DAG.

I think giving Tonych your address (and asking politely) is enough. Resending means sending the same transaction again, you'll receive the exact same Blackbytes again.
The sending wallet can click "re-send private payloads" from the transaction history:


I really recommend to try the features Byteball has, create another wallet and send some money around.

^* Comment needed on this analogy: does it help explain how Blackbytes work?

Very good analogy!

[publiccoin57]

Marketing and PR has been lagging behind, that's absolutely obvious, but that too is being addressed and a rapidly growing team is the clear evidence of things looking brighter for Byteball's future. Whether it will fulfill your dreams of Lamborghinis and yachts is doubtful, but I have faith in this platform bringing positive change to people's lives and businesses.

[vlom]

thats not true. i sent backbytes between my devices /wallets and i could see if it was claimed or not.

Of course you can see that, but that's also all you can see. The DAG only stores a hash that stops you from sending the same Blackbytes again.

yes, thats all you can see. but maybe this is enough to know the claiming-time. you know when the receiver is online because he/she just claimed the coins.

thats why i think this should be avoided if it is possible.

[altcoinb]

Smart contract anonymous sports betting tool BB Odds https://bb-odds.herokuapp.com/ reviewed by Milan Horvath, Byteball Community Manager.

https://youtu.be/dnndKjI3pWc

I staked 50MB for France winning. Let's see how this plays out!

You can payout after 6 hours  france win

[rty]

The Future of Byteball — The Byteball Foundation
Suirelav
Crypto enthusiast, Byteball Core Team

https://medium.com/byteball/the-future-of-byteball-the-byteball-foundation-cca9d495bf46

Roadmap



Long term vision / short term focus

We will publish a long term strategic plan including the most important milestones within the coming months as well. There are two important areas we will put most effort into short term, user acquisition and decentralization:
Adoption through educated trial and error
There’s one thing you can be sure of, we will keep trying new methods to gain users for our platform. There is no clear path that we must take. This means that we will iterate a lot and improve through educated trial and error.

50% of Witnesses decentralized before January 1st 2019
Perhaps most important of all, we are going to finally decentralize the network. This is a must if we want to seriously compete in the tokenization of assets field that is going to become the next crypto battlefield. Our goal is to have at least half of the witnesses in the hands of people other than Tony before the end of the year.

[jbreher]

The Future of Byteball — The Byteball Foundation
Suirelav
Crypto enthusiast, Byteball Core Team

https://medium.com/byteball/the-future-of-byteball-the-byteball-foundation-cca9d495bf46
...
Long term vision / short term focus

Our goal is to have at least half of the witnesses in the hands of people other than Tony before the end of the year.

Excellent. This lack of decentralization is likely byteball's greatest weakness. You're finally addressing it head-on. Thank you.

However, there is a distinct lack of 'showing your work' between 6th Witness spun out and Full Decentralization. Isn't the witness count 12? Looks like you have another 5 Witness spin outs to go before tonych is down to a single Witness - which would be the minimum criteria for Witness decentralization.

[StandingTall]

Smart contract anonymous sports betting tool BB Odds https://bb-odds.herokuapp.com/ reviewed by Milan Horvath, Byteball Community Manager.

https://youtu.be/dnndKjI3pWc

I staked 50MB for France winning. Let's see how this plays out!

You can payout after 6 hours   france win

I got the payment. Thank you very much!

Can't the payout time be shortened? Waiting for 6 hrs to receive payment is a bit frustrating. It would be great if the payment could be received in 10-15 minutes after the game concludes. User experience would be even better.

[romeox6x]

One thing that comes to mind directly is that waiting until 2019 Q2 for scaling improvements is too long for at least two reasons. One: new users always ask about tx speed, tx per second, space requirement, etc and at this moment these metrics are unattractive and will scare off most people

[European Central Bank]

The Future of Byteball — The Byteball Foundation
Suirelav
Crypto enthusiast, Byteball Core Team

https://medium.com/byteball/the-future-of-byteball-the-byteball-foundation-cca9d495bf46

good read. i appreciate the honesty.

an absolute ton of progress would not have been squandered if a couple of painfully obvious things had been implemented.

one was signalling the change of distribution method much further ahead and offering an immediate alternative. distribution, no matter what the method, needs clarity and decisiveness or tons of people will walk away. where would bitcoin be if satoshi had decided to delete the block reward and think it over for a few months?

the second is addressing that old unit bias thing.

both were free and involved little to no actual effort. this project would've been much further along by now had they happened.

i hope some lessons have been learnt.

[xfunk]

Wow, its a good news! I see evolution here 
Can't wait when decentralization and scalability problems will be solved.

[jwinterm]

So go from a premine of nominally 1% to 22+% and commit to giving up control of 50% of network control (except probably at least one or two controlled by foundation which is de facto same people running network now). Wow. Such decentralization!

[sailthor]

So go from a premine of nominally 1% to 22+% and commit to giving up control of 50% of network control (except probably at least one or two controlled by foundation which is de facto same people running network now). Wow. Such decentralization!

Yep. No idea what they're trying to accomplish here anymore

[Random-String-Symphony]

So go from a premine of nominally 1% to 22+% and commit to giving up control of 50% of network control (except probably at least one or two controlled by foundation which is de facto same people running network now). Wow. Such decentralization!

22%?

The breakdown is now as follows:
67,2% Distributed, of which reserved (in % of total supply)
1% Tony (BZUAVP5O4ND6N3PVEUZJOATXFPIKHPDC)
1% First 100M users (TUOMEGAZPYLZQBJKLEM2BGKYR2Q5SEYS)

32,8% Undistributed (MZ4GUQC7WUKZKKLGAS3H3FSDKLHI7HFO), of which reserved (in % of total supply):
20,5% Several distribution methods (cashback, attestation rewards, textcoins, etc.)
11% Foundation funding (spent over 36 months, but hopefully lasts much longer than that)
1,3% Long term motivation plan (we don't want these foundation members to give up)

Decentralization of 11 out of 12 witnesses was always the plan, but it's not as easy as it seems. Neither is mass adoption. To achieve our ambitious goals we need a foundation with enough funding to make it happen. In the article we try to explain our reasoning behind this decision. If you have any questions or other remarks please share them.