Obyte: Totally new consensus algorithm + private untraceable payments

[discoverblockchain]

This is a very long thread. I guess its the official one?

[meterse]

Read last weeks Byteball Email Newsletter: 68,099 #Steem users invited to Byteball Use-a-Thon

https://medium.com/@byteballjesus/weekly-byteball-email-newsletter-68-099-steem-users-invited-to-byteball-use-a-thon-df1a5c30d3ae

[Blocktree]

Is there any stable coin based on byteball protocol?

[CryptKeeper]

Where can i have support for beeb bot?

I have a stucked order (id 5726) that appears is state "on hold", and i can't even access the smart contract where beeb made me deposit funds.

Please help.

There is a #beeb channel in the Byteball slack. DM me your email address and I’ll send you an invite link.

[barborrico]

all the people who were in it for the free airdrop are out.

Not true for me.

[barborrico]

Is there any stable coin based on byteball protocol?

You have unitc, on cryptox.pl, pegged to USD I think

[Cent21]

Where can i have support for beeb bot?

I have a stucked order (id 5726) that appears is state "on hold", and i can't even access the smart contract where beeb made me deposit funds.

Please help.

There is a #beeb channel in the Byteball slack. DM me your email address and I’ll send you an invite link.

I've received you email. Will try to get support there.

Thanks

[Quaglia]

Looks like today GBYTE rallied over 25% in a day. Seems like there is some accumulation going on finally after weeks of bear activity.

Looking at NANO and IOTA it seems that GBYTE is leading this rally and not lagging behind it.

Basically by now, I am pretty sure most of the weak hands and all the people who were in it for the free airdrop are out. And the true BTC and GBYTE hodl'er will be happy once again when GBYTE goes over $1000 a coin.

Here's to a good and bright future for GBYTE.

Yes, this 25% rally sounds like someone has started to accumulate more aggressivly. I cannot see that as a little Pumpanddump. The bottom may well be behind us.

[Konfeta]

Looks like today GBYTE rallied over 25% in a day. Seems like there is some accumulation going on finally after weeks of bear activity.

Looking at NANO and IOTA it seems that GBYTE is leading this rally and not lagging behind it.

Basically by now, I am pretty sure most of the weak hands and all the people who were in it for the free airdrop are out. And the true BTC and GBYTE hodl'er will be happy once again when GBYTE goes over $1000 a coin.

Here's to a good and bright future for GBYTE.

Yes, this 25% rally sounds like someone has started to accumulate more aggressivly. I cannot see that as a little Pumpanddump. The bottom may well be behind us.

I like this coin, but it still has some issues.
Top 100 doesn't look that far, I hope we are coming back soon.

[Marc De Mesel]

CUT

Actions speak louder than words

edit: To be explicit. Undistributed bytes are being given away, but not to the speculator/investor who already bought bytes, they recieve nothing from the remaining pool but it does go elsewhere. Thus the supply is being inflated elsewhere or another way, the value of the unit of byte being diluted. Therefore for the speculator/investor who bought bytes their investment's value is diluted. For the steem user who got some free bytes they don't care the value was diluted, they didn't buy them. It was a windfall. For the speculator / investor who did buy them, now they see that there are more bytes flooding the market. Their own bytes that they bought when they were scarce are not so scarce anymore, the value goes down. It is very basic economics. The speculator/investor has been shafted. To rub salt in the wound, the rug was pulled away without warning. Previously the speculator / investor was standing in line to benefit from airdrops.   Surely you see how this is an explicit negative for the speculator /investor? It isn't a tweet, it is a very definate action against the speculator / investor, an act of hostility.

Sure investors don't get any coins anymore simply for holding, and undistributed funds go to others, but that does not mean that investors get diluted. It all depends on what value Byteball gets back for these undistributed coins they spend on these projects. If value they get back is higher than the coins spend, it will raise the value of all coins in circulation, so the investors profit, but if the value is lower than the coins spend, then all coins go down in value and indeed you can call it dilution.

But a poor investment is not really dilution as it is part of doing business that you will sometimes pay people or projects that end up not delivering. Dilution is when one on purpose creates more units and gives to people that did not create any value, thereby indeed for sure diluting coin/shareholders.

[meterse]

Another day, another byte.

[Michail1]

all the people who were in it for the free airdrop are out.

Not true for me.

Same here.

I didn't sell a single one.

[afbitcoins]

CUT

Actions speak louder than words

edit: To be explicit. Undistributed bytes are being given away, but not to the speculator/investor who already bought bytes, they recieve nothing from the remaining pool but it does go elsewhere. Thus the supply is being inflated elsewhere or another way, the value of the unit of byte being diluted. Therefore for the speculator/investor who bought bytes their investment's value is diluted. For the steem user who got some free bytes they don't care the value was diluted, they didn't buy them. It was a windfall. For the speculator / investor who did buy them, now they see that there are more bytes flooding the market. Their own bytes that they bought when they were scarce are not so scarce anymore, the value goes down. It is very basic economics. The speculator/investor has been shafted. To rub salt in the wound, the rug was pulled away without warning. Previously the speculator / investor was standing in line to benefit from airdrops.   Surely you see how this is an explicit negative for the speculator /investor? It isn't a tweet, it is a very definate action against the speculator / investor, an act of hostility.

Sure investors don't get any coins anymore simply for holding, and undistributed funds go to others, but that does not mean that investors get diluted. It all depends on what value Byteball gets back for these undistributed coins they spend on these projects. If value they get back is higher than the coins spend, it will raise the value of all coins in circulation, so the investors profit, but if the value is lower than the coins spend, then all coins go down in value and indeed you can call it dilution.

But a poor investment is not really dilution as it is part of doing business that you will sometimes pay people or projects that end up not delivering. Dilution is when one on purpose creates more units and gives to people that did not create any value, thereby indeed for sure diluting coin/shareholders.

Yes the value can rise and everyone happy even the shafted speculator/investor, if some amazing bull run occurs. Demand 'might' outstrip the increasing supply. So far we have not seen that, the demand has done the opposite and decreased while the supply has increased. Byteball has plummeted down the marketcap chart out of the top 100.

Looking only at the supply side for now, the supply is being inflated by the air drops of undistributed bytes, can we agree so far? That is a headwind to price. Not because of anything to do with byteball but pure economics. The price is determined by supply versus demand. As I said basic economics. Increase of supply without any change in demand means price falls.  And it is necessary that the supply increases, because the bytes have to be distributed. That was the premise from the beginning.

Looking at the demand side now, byteball like most crypto is very very speculative. This is because it is such a fledgling technology. There are very few things you can do with your bytes except share some with friends. Or speculate that the amazing tech will become valuable. Maybe you can buy a pizza somewhere? I don't know. I haven't seen any real adoption of bytes yet myself and haven't found a place to buy a pizza with my bytes. Therefore we are at a time in byteballs history where speculation is very important. That is currently, wether you like it or not, its main use. And yet the byteball powers that be have decided to shaft the speculator / investor in order to try and grow the network by giving freebies to other crowds while simultaneously diverting away from speculator/investor, ie shafting the main user.

It seems like you byteball techies are amazing at tech but clueless about economics. The proof is in the fall that byteball took down the rankings. Even in a crypto wide bear market byteball suffered much much worse. Because it failed to observe basic economic priniciples about supply and demand and/or failed to see where the demand was coming from at this time in the byteball history. You can't have an entire working ecosystem spring into existence like a magic trick. It has to grow. Speculators are a vital part of the process.


* I made a couple of additional minor edits to try and clarify certain points.

[Guffy]

CUT

Actions speak louder than words

edit: To be explicit. Undistributed bytes are being given away, but not to the speculator/investor who already bought bytes, they recieve nothing from the remaining pool but it does go elsewhere. Thus the supply is being inflated elsewhere or another way, the value of the unit of byte being diluted. Therefore for the speculator/investor who bought bytes their investment's value is diluted. For the steem user who got some free bytes they don't care the value was diluted, they didn't buy them. It was a windfall. For the speculator / investor who did buy them, now they see that there are more bytes flooding the market. Their own bytes that they bought when they were scarce are not so scarce anymore, the value goes down. It is very basic economics. The speculator/investor has been shafted. To rub salt in the wound, the rug was pulled away without warning. Previously the speculator / investor was standing in line to benefit from airdrops.   Surely you see how this is an explicit negative for the speculator /investor? It isn't a tweet, it is a very definate action against the speculator / investor, an act of hostility.

Sure investors don't get any coins anymore simply for holding, and undistributed funds go to others, but that does not mean that investors get diluted. It all depends on what value Byteball gets back for these undistributed coins they spend on these projects. If value they get back is higher than the coins spend, it will raise the value of all coins in circulation, so the investors profit, but if the value is lower than the coins spend, then all coins go down in value and indeed you can call it dilution.

But a poor investment is not really dilution as it is part of doing business that you will sometimes pay people or projects that end up not delivering. Dilution is when one on purpose creates more units and gives to people that did not create any value, thereby indeed for sure diluting coin/shareholders.

Yes the value can rise and everyone happy even the shafted speculator/investor, if some amazing bull run occurs. Demand 'might' outstrip the increasing supply. So far we have not seen that, the demand has done the opposite and decreased while the supply has increased. Byteball has plummeted down the marketcap chart out of the top 100.

Looking only at the supply side for now, the supply is being inflated by the air drops of undistributed bytes, can we agree so far? That is a headwind to price. Not because of anything to do with byteball but pure economics. The price is determined by supply versus demand. As I said basic economics. Increase of supply without any change in demand means price falls.  And it is necessary that the supply increases, because the bytes have to be distributed. That was the premise from the beginning.

Looking at the demand side now, byteball like most crypto is very very speculative. This is because it is such a fledgling technology. There are very few things you can do with your bytes except share some with friends. Or speculate that the amazing tech will become valuable. Maybe you can buy a pizza somewhere? I don't know. I haven't seen any real adoption of bytes yet myself and haven't found a place to buy a pizza with my bytes. Therefore we are at a time in byteballs history where speculation is very important. That is currently, wether you like it or not, its main use. And yet the byteball powers that be have decided to shaft the speculator / investor in order to try and grow the network by giving freebies to other crowds while simultaneously diverting away from speculator/investor.

It seems like you byteball techies are amazing at tech but clueless about economics. The proof is in the fall that byteball took down the rankings. Even in a crypto wide bear market byteball suffered much much worse. Because it failed to observe basic economic priniciples about supply and demand and/or failed to see where the demand was coming from at this time in the byteball history.

It's difficult to get people to buy what they don't need and causes material damage.

[meterse]

Can you help? This is a new thread on how Byteball compares vs Ethereum in raising ICO fund.

https://bitcointalk.org/index.php?topic=4934262.0



 

[ByteFan]

Where can i have support for beeb bot?

I have a stucked order (id 5726) that appears is state "on hold", and i can't even access the smart contract where beeb made me deposit funds.

Please help.

Now please check your pm on slack

[ByteFan]

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?remove-reunion-memory-defense-knock-hero-toddler-device-legend-amazing-debate-pretty

[tonych]

Funding, Foundation, Moving Forward

The blog about the future of Byteball was very well received in our community and I am glad to be able to announce that we’re moving forward with executing our plans as described.

Read the full story https://medium.com/byteball/funding-foundation-moving-forward-13fed4058ee4

[chickenfacts]

Funding, Foundation, Moving Forward

The blog about the future of Byteball was very well received in our community and I am glad to be able to announce that we’re moving forward with executing our plans as described.

Read the full story https://medium.com/byteball/funding-foundation-moving-forward-13fed4058ee4

The Byteball project has very widely community around the globe.
It has strong supports from community which has been shown many times over its long history.
Thanks for giving Byteball community link to the article on Medium.

[meterse]

The nearly 70,000 Steem users that also have Byteball wallets can now win prizes by exploring real world use cases on the Byteball platform (competition launched August 24)

https://steemit.com/byteball/@byteball.org/announcing-the-steem-use-a-thon-by-byteball