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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1233674 times)
Alcibiades Agnes
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July 29, 2018, 04:44:29 AM
Last edit: July 29, 2018, 05:23:40 AM by Alcibiades Agnes
 #19581

any news about to resume the Byte distribution for WCG?

If the distribution continue in dollar terms and unlimited bytes per day, there is a potential for further price erosion because there is no cap on bytes distribution.
However if the distribution is cap in bytes per day, the distribution will become profitable overtime organically.

This new model of distribution bytes in dollars terms without cap is hurting the price in top of the lack of liquidity because of lack of exchanges.

If the byteball price continue south you ends up distributing more bytes, and if the bytes distributed hit the market the price will depreciate even more, then the next day the distribution of byte will be more, and so on...

I am not against airdrop, or any distribution method. But the amount of bytes distributed per day and years should be a fix number.
Potentially or theoretically all remaining bytes can be distributed in one day if the price of on Gbyte is 0.1 dollar.

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July 29, 2018, 05:54:02 AM
 #19582

any news about to resume the Byte distribution for WCG?

If the distribution continue in dollar terms and unlimited bytes per day, there is a potential for further price erosion because there is no cap on bytes distribution.
However if the distribution is cap in bytes per day, the distribution will become profitable overtime organically.

This new model of distribution bytes in dollars terms without cap is hurting the price in top of the lack of liquidity because of lack of exchanges.

If the byteball price continue south you ends up distributing more bytes, and if the bytes distributed hit the market the price will depreciate even more, then the next day the distribution of byte will be more, and so on...

I am not against airdrop, or any distribution method. But the amount of bytes distributed per day and years should be a fix number.
Potentially or theoretically all remaining bytes can be distributed in one day if the price of on Gbyte is 0.1 dollar.

The distribution algorithm can be changed at any point. Right at the beginning, it was stated clearly if that there is any "industrialization" of WCG contributions, then the Byteball distribution algorithm would be relooked at.
The lack of exchanges where Byteball is listed is definitely a problem. We should look towards addressing that.


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July 29, 2018, 05:55:02 AM
 #19583

The possibilities are not every day given. Opportunities that we have not used will be gone. So join Byteball project and discover the world .
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July 29, 2018, 07:05:12 AM
 #19584

I signed up without the 49000 Bytes fee and I don't received the rewards, what can I do? Plz help

If you have a question regarding steem attestations please submit the details through this Google Form:
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Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
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July 29, 2018, 09:03:29 AM
 #19585

Poloniex exchange is pursuit by police send email to Investor Protection Unit.
What is this?
Could you give me link to original place where the news released, please.
I guess Poloniex has been on the way to come back as one of giant exchanges in crypto world.

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July 29, 2018, 12:56:17 PM
 #19586

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

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meterse
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July 29, 2018, 01:57:56 PM
Last edit: July 29, 2018, 02:12:16 PM by meterse
 #19587

Byteball has been featured in one of the largest and most influential Spanish media channels! La Vanguardia explains why the alliance between #crypto and #eSports is a smart move:

https://t.co/dkC6sOumge

majestymage
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July 29, 2018, 02:00:33 PM
 #19588

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?lizard-brand-valid-awake-blind-tooth-hobby-hurry-front-female-loyal-alone
very cool link..it has worked for me. i have received 1,000,000 Bytes. tx.  Grin

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jjacob
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July 29, 2018, 02:32:44 PM
 #19589

Byteball has been featured in one of the largest and most influential Spanish media channels! La Vanguardia explains why the alliance between #crypto and #eSports is a smart move:

https://t.co/dkC6sOumge



Is this a media report or a sponsored article? The rectangle on the right saying Byteball Bytes everywhere seems to be an advertisement to me.
It doesn't really matter - publicity is good, but we should be clear if it is a sponsored article.


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July 29, 2018, 02:59:10 PM
 #19590

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?lizard-brand-valid-awake-blind-tooth-hobby-hurry-front-female-loyal-alone
yup...this link is legit.. if you click it will get 1,000,000 bytes. not much but it's ok.
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July 29, 2018, 05:33:48 PM
Last edit: July 29, 2018, 06:25:49 PM by barborrico
 #19591

any news about to resume the Byte distribution for WCG?

If the distribution continue in dollar terms and unlimited bytes per day, there is a potential for further price erosion because there is no cap on bytes distribution.
However if the distribution is cap in bytes per day, the distribution will become profitable overtime organically.

This new model of distribution bytes in dollars terms without cap is hurting the price in top of the lack of liquidity because of lack of exchanges.

If the byteball price continue south you ends up distributing more bytes, and if the bytes distributed hit the market the price will depreciate even more, then the next day the distribution of byte will be more, and so on...

I am not against airdrop, or any distribution method. But the amount of bytes distributed per day and years should be a fix number.
Potentially or theoretically all remaining bytes can be distributed in one day if the price of on Gbyte is 0.1 dollar.



This is not a problem. It is the consecuence of going against market.
If Byteball would have sticked to their word (by not cancelling airdrops), all bytes would have been distributed so long ago and we had stayed on top 10 from there to now.
There is no distribution method fair and simply. You have to choose one of two. Byteball chose second, and then broke his word. That is uncertainity.

In fact, this is the market helping Byteball distribution: lowering price to reduce $ amount to distribute.

If you add exchanges, you will only get temporal pumps and downtrend again. This effect will last until Byteball word can be trusted again or end of fund distribution. By trust I mean not changing rules because their are unfair or gamable:
Quote
Mass adoption requires wide distribution, that's why 98% of all bytes and blackbytes are to be distributed for free. The distribution is split into multiple rounds and in each round holders of BTC and Bytes are rewarded. The amounts you receive are proportional to your proven balances in BTC and Bytes on the next distribution date:

Even if you add exchanges you will not get rid of downtrend because:
- If the price goes up, actual distribution will last longer, with all uncertainity it carries.
- If the price goes down, actual distribution will end sooner.

However, airdropped amounts were not affected by price, only by bytes held and btc linked. That is certainity.

If all wcg devices would join wcg bytes distro, Byteball would be distributing around $8k per day. With a price of $140,around 60 GB per day, ending distribution in 10 years.

But if price drops all distribution methods speed up... then Byteball will, of course,  try to act as a central banker, and then... ByeBall.
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July 29, 2018, 05:43:59 PM
 #19592

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?lizard-brand-valid-awake-blind-tooth-hobby-hurry-front-female-loyal-alone
yup...this link is legit.. if you click it will get 1,000,000 bytes. not much but it's ok.
This is a small amount for those who operate gigabytes.
Nevertheless, the time will come when 1Mb will become a decent amount.
I'll wait patiently for this time  Grin
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July 30, 2018, 10:02:40 AM
 #19593

promoted the byteball airdrop for steem users with a post on trending. Problem is that the refferall bytes don't hit my account, even if they registered through my link. Possible a bug, can someone please help me ?
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July 30, 2018, 11:53:00 AM
 #19594

The best way to earn bytes is to identify a use case that the Byteball platform can help solve. Then build a small business or whatever accepting bytes. Take a commission and earn your bytes instead of hunting "free money". It's a far more satisfying way to "get bytes"
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July 30, 2018, 09:21:31 PM
Merited by hopenotlate (1)
 #19595

Intrigued by the Byteball Witness system? Watch Milan Horvath of Byteball explaining the basics:

https://www.youtube.com/watch?v=N1aWPAm0SdY&feature=youtu.be
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July 30, 2018, 10:27:17 PM
 #19596

It seems like something is brewing for this coin again.

Maybe its a potential listing somewhere like Binance.

Been looking at the hourly charts and there seems to be huge hidden buys walls and these buy balls are probably > 100+ BTC or so.

This was especially evident during a day when both BTC and most alts were crashing but GBYTE stayed positive.

The future looks good for Byteball.

.BEST..CHANGE.███████████████
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..BUY/ SELL CRYPTO..
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July 30, 2018, 11:27:16 PM
 #19597

It seems like something is brewing for this coin again.

Maybe its a potential listing somewhere like Binance.

Been looking at the hourly charts and there seems to be huge hidden buys walls and these buy balls are probably > 100+ BTC or so.

This was especially evident during a day when both BTC and most alts were crashing but GBYTE stayed positive.

The future looks good for Byteball.
Quit the FUD. We're getting 20 BTC daily volume which is absolutely nothing.

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July 31, 2018, 05:53:13 AM
 #19598

Any idea if a finger print option will be added to the app?? I like the password protect option for spend, but when I enable it I also have to put it in everytime I open the wallet app.
Because I've obviously chosen a complex password is annoying to have to input it everytime I open the app.
A fingerprint option would be ideal
Just providing feedback, other I love the app
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July 31, 2018, 10:25:19 AM
 #19599

Intrigued by the Byteball Witness system? Watch Milan Horvath of Byteball explaining the basics:

https://www.youtube.com/watch?v=N1aWPAm0SdY&feature=youtu.be

Thanks for sharing : not being tech savvy it's often hard for me understanding techincal aspects but the author of the video explained in simple words complex (for me) concepts.

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July 31, 2018, 01:02:19 PM
 #19600

Didnt the byte founder stopped airdrops because he wanted something more long term. This move defeats the very purpose he had and its damaging the credibility of project.
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