Obyte: Totally new consensus algorithm + private untraceable payments

[Alcibiades Agnes]

Let me put this way, those "illiquid coin exchange" are good for filling the content of a website. Yes you can buy a few bytes and store it, and pray for the price to up one day and sell it.
Byteball has more usefulness than that. Byteball can be the finance crypto instrument prefered choice. It can be deeply integrated with other coin, and give the market the price stability that is needed. But Byteball needs LIQUIDITY.

Let me give you only "one example":
I have 10 Ethereum coins that cost me 300 USD each, and I want insured it against any price drop, because I don't want to loose money or risk my holding, I can go binary ball and buy an insurance from 1 to 5 hours. Two situation will happen:
1. the price of ethereum goes up, I loose the binary insurance BUT I win with ethereum in price. I sell ethereum and buy again insurance.
2. The price of ethereum goes down, I won the binary "insurance" sell it and buy ethereum back again.
Conclusion: the value of the ethereum holding in my portfolio stay around 3000 usd.

The model works better if price of ethereum would be in bytes, and the insurance is for 24 hours, and better LIQUIDITY.

Why all prices of on binary ball are in USD or Bitcoin. Maybe is lack of bytes liquidity.

A petition to Binary Ball developer,

Can you please list another asset pair?
I think you are missing the most important pair

Can your list byteball_bitcoin pair on the Binary options trading?

I want insure my byteball holding, please.

If not, why not?

Thank for your responce.

How in the earth we want mass adoption if the one only way to buy bytes is through bittrex.

For widespread adoption to non-crypto people, trading on an exchange is definitely not the way to go, agreed.
But with the in-wallet "Buy bytes with Visa/MasterCard"-bot that's exactly what is being addressed. Instead of having users jump through a million hoops to acquire Bytes, they can simply flash their credit card directly within the wallet and purchase Bytes. If that's not directly addressing the issue you raise, I don't know what would be.

The one missing link to complete the value chain is fiat off-ramps allowing merchants to instantly convert Bytes to their respective fiat that they need for operation costs and stock. While it's not integrated in a bot or fully automated yet, initiatives like the Capybara Exchange in Venezuela does a great job in providing a relatively easy off-ramp. A second similar off-ramp is under way in Nigeria too.

zencash does not have a wallet, but they manege to be listed in more exchages than bittrex. zencash is more liquid and it is 69 on market cap. zencash 0 innovation.

There are projects in top-100 that are completely abandoned. No developers, no activity, no innovation, no adoption, nothing. Only speculation. People could just as well speculate in tulips or small bags of gravel. I would be hesitant to use position on Coinmarketcap for anything remotely related to adoption and widespread use.

Lord Tony, you have the best crypto ball out of the crypto world. Best innovation, best wallet, etc.

For people able to adopt a coin, shoud be able to buy and sell more easy and quickly.

How can we adopt a coin if the only way to sell or buy bytes is through bittrex?

Agreed - that's exactly what the in-wallet integration with Visa/MasterCard provides in terms of buying. Selling is a bit more tricky, but it's definitely on the radar as something that has to be solved. Only by providing a solution covering the full value chain all the way from customer to merchants and potentially to manufacturers will a coin have the potential to disrupt the market for commerce. Need I remind people, that the overarching goal of Byteball, is to become the preferred platform for commerce? Yet - progress is slow and often intertwined with loads of legal stuff, negotiations dragging on for ages as well as finding potential entry points in existing markets.

We should pray that bittrex never goes offline.

Indeed - fortunately Byteball isn't the only participant in that prayer.

With byteball we want to get ride off miners, exchages, speculator, and with this prices, byteball look like a falling knife, loosing its community.

Here I must disagree. There has been a quite significant change of "regulars" in the community. But my own personal view on that is, that it proved the point of changing focus on airdrops was the right decision. Previous "regulars" stuck around until the stream of free money stopped and immediately left. If they had been involved in actual projects aiming to promote the platform or in other ways had started actively engaging in the project, they wouldn't have left. There are a few old-timers still left, but if you take a quick look on activity on Slack, it's quite obvious that those left are those who have actively taken a stance and decided to not just sit back and wait to get rich and watch others do all the work.

What a lot of people fail to understand is, that it takes so little effort to actively make a difference. So it's mindblowingly stupid that investors spending time writing long whiny posts here, on Slack or anywhere else, doesn't instead spend that time actively doing something productive. I can't imagine how unsatisfying it must be to just be sitting on one's ass just pointing out things that has to be done, preferably yesterday.

Even the smallest effort does make a difference. I know everyone on the core team is running 120% to keep the pace of the development of this project. We should be thankful for that and provide whatever help we can to make even more things happen.

Just my 2 cents - now back to doing actual work for the project ;-)

[1594115720]

1594115720

[1594115720]

1594115720

[1594115720]

1594115720

[1594115720]

1594115720

[Alcibiades Agnes]

zencash does not have a wallet, but they manege to be listed in more exchages than bittrex. zencash is more liquid and it is 69 on market cap. zencash 0 innovation.

There are projects in top-100 that are completely abandoned. No developers, no activity, no innovation, no adoption, nothing. Only speculation. People could just as well speculate in tulips or small bags of gravel. I would be hesitant to use position on Coinmarketcap for anything remotely related to adoption and widespread use.

Why you want to segregate speculator, they need a fast coin confirmation, a secure wallet, low transaction fee. Speculator needs liquidity, and byteball need transaction to be more faster. It is a win win. And with the help of Binary option trading bicoin and alt can reduce the volatility.

By the way tulips and small bags of gravel have more stable price than bitcoin, it can be sold for fiat around the world. People speculation is a dream on tulips, but a reallity on bitcoin and byteball.

[meterse]

Let me put this way, those "illiquid coin exchange" are good for filling the content of a website. Yes you can buy a few bytes and store it, and pray for the price to up one day and sell it.
Byteball has more usefulness than that. Byteball can be the finance crypto instrument prefered choice. It can be deeply integrated with other coin, and give the market the price stability that is needed. But Byteball needs LIQUIDITY.

Let me give you only "one example":
I have 10 Ethereum coins that cost me 300 USD each, and I want insured it against any price drop, because I don't want to loose money or risk my holding, I can go binary ball and buy an insurance from 1 to 5 hours. Two situation will happen:
1. the price of ethereum goes up, I loose the binary insurance BUT I win with ethereum in price. I sell ethereum and buy again insurance.
2. The price of ethereum goes down, I won the binary "insurance" sell it and buy ethereum back again.
Conclusion: the value of the ethereum holding in my portfolio stay around 3000 usd.

The model works better if price of ethereum would be in bytes, and the insurance is for 24 hours, and better LIQUIDITY.

Why all prices of on binary ball are in USD or Bitcoin. Maybe is lack of bytes liquidity.

A petition to Binary Ball developer,

Can you please list another asset pair?
I think you are missing the most important pair

Can your list byteball_bitcoin pair on the Binary options trading?

I want insure my byteball holding, please.

If not, why not?

Thank for your responce.

How in the earth we want mass adoption if the one only way to buy bytes is through bittrex.

For widespread adoption to non-crypto people, trading on an exchange is definitely not the way to go, agreed.
But with the in-wallet "Buy bytes with Visa/MasterCard"-bot that's exactly what is being addressed. Instead of having users jump through a million hoops to acquire Bytes, they can simply flash their credit card directly within the wallet and purchase Bytes. If that's not directly addressing the issue you raise, I don't know what would be.

The one missing link to complete the value chain is fiat off-ramps allowing merchants to instantly convert Bytes to their respective fiat that they need for operation costs and stock. While it's not integrated in a bot or fully automated yet, initiatives like the Capybara Exchange in Venezuela does a great job in providing a relatively easy off-ramp. A second similar off-ramp is under way in Nigeria too.

zencash does not have a wallet, but they manege to be listed in more exchages than bittrex. zencash is more liquid and it is 69 on market cap. zencash 0 innovation.

There are projects in top-100 that are completely abandoned. No developers, no activity, no innovation, no adoption, nothing. Only speculation. People could just as well speculate in tulips or small bags of gravel. I would be hesitant to use position on Coinmarketcap for anything remotely related to adoption and widespread use.

Lord Tony, you have the best crypto ball out of the crypto world. Best innovation, best wallet, etc.

For people able to adopt a coin, shoud be able to buy and sell more easy and quickly.

How can we adopt a coin if the only way to sell or buy bytes is through bittrex?

Agreed - that's exactly what the in-wallet integration with Visa/MasterCard provides in terms of buying. Selling is a bit more tricky, but it's definitely on the radar as something that has to be solved. Only by providing a solution covering the full value chain all the way from customer to merchants and potentially to manufacturers will a coin have the potential to disrupt the market for commerce. Need I remind people, that the overarching goal of Byteball, is to become the preferred platform for commerce? Yet - progress is slow and often intertwined with loads of legal stuff, negotiations dragging on for ages as well as finding potential entry points in existing markets.

We should pray that bittrex never goes offline.

Indeed - fortunately Byteball isn't the only participant in that prayer.

With byteball we want to get ride off miners, exchages, speculator, and with this prices, byteball look like a falling knife, loosing its community.

Here I must disagree. There has been a quite significant change of "regulars" in the community. But my own personal view on that is, that it proved the point of changing focus on airdrops was the right decision. Previous "regulars" stuck around until the stream of free money stopped and immediately left. If they had been involved in actual projects aiming to promote the platform or in other ways had started actively engaging in the project, they wouldn't have left. There are a few old-timers still left, but if you take a quick look on activity on Slack, it's quite obvious that those left are those who have actively taken a stance and decided to not just sit back and wait to get rich and watch others do all the work.

What a lot of people fail to understand is, that it takes so little effort to actively make a difference. So it's mindblowingly stupid that investors spending time writing long whiny posts here, on Slack or anywhere else, doesn't instead spend that time actively doing something productive. I can't imagine how unsatisfying it must be to just be sitting on one's ass just pointing out things that has to be done, preferably yesterday.

Even the smallest effort does make a difference. I know everyone on the core team is running 120% to keep the pace of the development of this project. We should be thankful for that and provide whatever help we can to make even more things happen.

Just my 2 cents - now back to doing actual work for the project ;-)

you can ask on Slack, I am not the developer of binary balls

[ByteFan]

Let me put this way, those "illiquid coin exchange" are good for filling the content of a website. Yes you can buy a few bytes and store it, and pray for the price to up one day and sell it.
Byteball has more usefulness than that. Byteball can be the finance crypto instrument prefered choice. It can be deeply integrated with other coin, and give the market the price stability that is needed. But Byteball needs LIQUIDITY.

Let me give you only "one example":
I have 10 Ethereum coins that cost me 300 USD each, and I want insured it against any price drop, because I don't want to loose money or risk my holding, I can go binary ball and buy an insurance from 1 to 5 hours. Two situation will happen:
1. the price of ethereum goes up, I loose the binary insurance BUT I win with ethereum in price. I sell ethereum and buy again insurance.
2. The price of ethereum goes down, I won the binary "insurance" sell it and buy ethereum back again.
Conclusion: the value of the ethereum holding in my portfolio stay around 3000 usd.

The model works better if price of ethereum would be in bytes, and the insurance is for 24 hours, and better LIQUIDITY.

Why all prices of on binary ball are in USD or Bitcoin. Maybe is lack of bytes liquidity.

A petition to Binary Ball developer,

Can you please list another asset pair?
I think you are missing the most important pair

Can your list byteball_bitcoin pair on the Binary options trading?

I want insure my byteball holding, please.

If not, why not?

Thank for your responce.

The low liquidity of Byteball would be a very easy way to manipulate a Byteball binary contract.

[Quaglia]

thats just not true. the value of a coin does not depend on the distribution model. more important is the usefulness.

Usefullness is one of the main criteria. The other one is adoption rate. According to Metcalfe's law, the value of a network (cryptocurrencies are networks) is growing proportionally to the quantity of the nodes of the network (people with wallets are nodes in crypto). Distribution model is not important, but efficiency of distribution (so that the initial network is as big as possible) is quite important.

[Guffy]

What a scam gbyte red even when the whole market green

[netbase]

Will this really work, untraceable payment.

[altcoinb]

What a scam gbyte red even when the whole market green

ok, than leave this scam thread and buy doge

[meterse]

What a scam gbyte red even when the whole market green

ok, than leave this scam thread and buy doge

or bitconnect, that was green for a loooooooong time

[Benjamin2503]

What a scam gbyte red even when the whole market green

Looks like someone decided to sell some BYTEBALL coins, maybe someone comes out of the coin. The best thing is to buy those who believe in the project on such sales of BYTEBALL coins, I think it will be justified in the future.

[andreibi]

What a scam gbyte red even when the whole market green

Looks like someone decided to sell some BYTEBALL coins, maybe someone comes out of the coin. The best thing is to buy those who believe in the project on such sales of BYTEBALL coins, I think it will be justified in the future.

Too many BTC whales got free Byteball, they could easily capitulate when it seems better to cash out before GBYTE becomes dead. They could have not known that this is actually the best time to buy.

[KyleHaruna]

Does the steemit user who has a reputation above 30 can still claim byteball?

[meterse]

The Byteball South Korean community is large enough that it warrants its own dedicated Slack. And it has one!

South Korean users can join here: https://byteball-kr.slack.com/

[Real14Hero]

Does the steemit user who has a reputation above 30 can still claim byteball?

Well I beleive yes, I claimed it a few days ago. Just link your account and steemit.
If you dont have bytes for linking then I can help you out with some byteball if you want.
See here : https://bitcointalk.org/index.php?topic=4700475.msg42427983#msg42427983

[jbreher]

According to Metcalfe's law, the value of a network (cryptocurrencies are networks) is growing proportionally to the quantity of the nodes of the network (people with wallets are nodes in crypto).

Please do not invoke Metcalfe's Law if you do not even know what it is.

[CryptKeeper]

Will this really work, untraceable payment.

Blackbytes are real! The coins are sent peer-to-peer, not visible on the public ledger.

Read more about it here https://wiki.byteball.org/Blackbytes

[bottacoin]

*** More than 1000 GB traded on BinaryBalls ***

Global trading stats since launch date of 2017-11-13 :

Contracts made: 19986 MBytes traded: 1039402 Winning contracts: 11147 Global payout rate: 97%

And special congratulation to our 3 best rush traders !

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Rank 1: VM3QCS (3870 MBytes 24h net profit with 48 contracts) Rank 2: QF3NOV (2916 MBytes 24h net profit with 7 contracts) Rank 3: 7RV7CY (1811 MBytes 24h net profit with 7 contracts)

Will YOU manage to be on the best rush traders list ?

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[Guffy]

What a scam gbyte red even when the whole market green

ok, than leave this scam thread and buy doge

Good idea bro, if do not take into account the fact that i bought byteball at 0.3 btc   There left 0.004 btc from 0.2 invested. Do not thin that this dust will suffice even to pay the commission)

[meterse]

[CryptKeeper]

Blackbytes are real! The coins are sent peer-to-peer, not visible on the public ledger.

Read more about it here https://wiki.byteball.org/Blackbytes

Thank you for the given helpful link to Blackbytes of byteball.
I gonna discover more about blackbytes later today.
It is my first time to know about black byte, so it is very interesting to find out how it different than bytes.

DM me if you want some Blackbytes to play with!