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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216277 times)
jwinterm
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August 16, 2018, 04:16:45 PM
 #19861

Isn't almost every coin on the above infographic using per kB fees? How is that not "directly proportional to space used on ledger"?

Also, the stupid meme about proof of work being some massive waste of energy is stupid. It's more akin to converting excess energy to stored value (bitcoin) rather than letting it burn off as waste heat.
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August 16, 2018, 04:35:24 PM
Last edit: August 16, 2018, 04:48:25 PM by Guffy
 #19862

Isn't almost every coin on the above infographic using per kB fees? How is that not "directly proportional to space used on ledger"?

Also, the stupid meme about proof of work being some massive waste of energy is stupid. It's more akin to converting excess energy to stored value (bitcoin) rather than letting it burn off as waste heat.
They still can not to understand that without fees market, low-capacity coins (any decentralized crypto atm) will be vulnerable to a ddos attack. Byteball fess = tx size is not advantage, is a vulnerability that other coins don't have. There is two problem, too cheap to attack when cap is low and too expensive to use if cap too high. Byteball is literally a step backward
If you can wright a spam script, you can shut down Byteball only for $35-70 per day of a ddos. This coin is a total crap, from any point of view
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August 16, 2018, 06:13:33 PM
 #19863

@meterse you are silent about one important thing.

Bob - bitcoin user. Alisa - byteball user. They make 10 tx every day and store $10k.

Jan. Bitcoin $20k, byteball $1.2k
30 Jan. BTC - 10k, gbyte - $600, 300 tx = $258 (btc), $0.021 (byteball)
Bob lost $5258, Alisa lost 5000.021. Bob store 4742, Alisa 5000

8 March. BTC - 9k, gbyte - $300, ~380 tx = $326 and $0.026
Bob store $3940, Alisa $2500

29 March. BTC - 6900, gbyte - 150, 210tx = 180 for btc
Bob store $2840, Alisa $1250

16 Aug
BTC - 6400, gbyte - 59, ~1360tx = $1169 for btc
Bob store $1465, Alisa $491

The more money you store, the worse situation for byteball. Byteball is use and run. But what to use? Betting bot? Bitcoin is millions times more use cases
vlom
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August 16, 2018, 07:03:57 PM
 #19864

this can change. and tell me 10 things that BTC is used for.
meterse
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August 16, 2018, 09:27:59 PM
 #19865

Isn't almost every coin on the above infographic using per kB fees? How is that not "directly proportional to space used on ledger"?

Also, the stupid meme about proof of work being some massive waste of energy is stupid. It's more akin to converting excess energy to stored value (bitcoin) rather than letting it burn off as waste heat.

nope, talking about bitcoin fees rise as transaction volumes rise

Byteball doesnt have this problem
meterse
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August 16, 2018, 09:29:49 PM
 #19866

this can change. and tell me 10 things that BTC is used for.

10 things? Im struggling to think of 3
jwinterm
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August 16, 2018, 11:10:04 PM
 #19867

Isn't almost every coin on the above infographic using per kB fees? How is that not "directly proportional to space used on ledger"?

Also, the stupid meme about proof of work being some massive waste of energy is stupid. It's more akin to converting excess energy to stored value (bitcoin) rather than letting it burn off as waste heat.

nope, talking about bitcoin fees rise as transaction volumes rise

Byteball doesnt have this problem

Not directly, but if byteball transactions rise, then it would be logical to assume that byteball price would increase, correct?

So if byteball had market cap of Bitcoin, it would be about 3176x more expensive per byte/gbyte, pushing your expected tx fee from $0.00007 to $0.22 - not crazy expensive, but a lot more than nothing. And I think most people expect Bitcoin to continue to grow, if it was 10x higher that would be over $2 per byteball tx.

Personally, I agree with other commenter that dynamic fees make more sense. You can disagree, but you can't pretend that this is some panacea that would prevent $1+ fees of many people actually used byteball.
meterse
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August 16, 2018, 11:55:47 PM
 #19868

Byteball is lucky to have people like Marc De Mesel in the community. We love his enthusiasm, and also his bravery to get on camera and share with the world what he thinks based on both data and gut feeling.

https://www.youtube.com/watch?v=mW0VweskNm8&feature=youtu.be
Alcibiades Agnes
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August 17, 2018, 04:31:31 AM
 #19869

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.

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August 17, 2018, 05:22:45 AM
 #19870





The fee structure in Byteball has no real sense. You should not emphasis that, it is somewhat misleading information.

Byteball payment gateway for web merchants https://byteball-for-merchants.com/ - BEEB  (Blackbytes Exchange Bot): https://www.beeb-bot.com/ (closed)
Network map, stats, Top Richests and Byteball world map at https://byteball.fr/ (closed) - Hub operator featuring the cashback witness https://byteball-cashback-witness.com (closed)
barborrico
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August 17, 2018, 09:40:20 AM
 #19871

Dont worry, when fees would be higher,byteball community tony byteball foundation will say 1 byte paid = x bytes stored, being x an arbitrary number chosen by byteball community tony byteball foundation.
Guffy
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August 17, 2018, 10:58:07 AM
 #19872

Dont worry, when fees would be higher,byteball community tony byteball foundation will say 1 byte paid = x bytes stored, being x an arbitrary number chosen by byteball community tony byteball foundation.
Witnesses must agree to cut their incomes. Although considering that all witnesses are one person, this should not be a problem
Marc De Mesel
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August 17, 2018, 11:29:18 AM
 #19873

Byteball is lucky to have people like Marc De Mesel in the community. We love his enthusiasm, and also his bravery to get on camera and share with the world what he thinks based on both data and gut feeling.

https://www.youtube.com/watch?v=mW0VweskNm8&feature=youtu.be
I have watched lots of informative, valueable videos with Marc De Messel on crypto in general, and Byteball specifically.


Thank you so much guys!!!! Feeling honored  Cool

https://twitter.com/marcdemesel/status/1030381022351908865

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
Alcibiades Agnes
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August 17, 2018, 05:35:06 PM
 #19874

Byteball is lucky to have people like Marc De Mesel in the community. We love his enthusiasm, and also his bravery to get on camera and share with the world what he thinks based on both data and gut feeling.

https://www.youtube.com/watch?v=mW0VweskNm8&feature=youtu.be
I have watched lots of informative, valueable videos with Marc De Messel on crypto in general, and Byteball specifically.


Thank you so much guys!!!! Feeling honored  Cool

https://twitter.com/marcdemesel/status/1030381022351908865


Alcibiades Agnes
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August 17, 2018, 05:39:03 PM
 #19875

Byteball is lucky to have people like Marc De Mesel in the community. We love his enthusiasm, and also his bravery to get on camera and share with the world what he thinks based on both data and gut feeling.

https://www.youtube.com/watch?v=mW0VweskNm8&feature=youtu.be
I have watched lots of informative, valueable videos with Marc De Messel on crypto in general, and Byteball specifically.


Thank you so much guys!!!! Feeling honored  Cool

https://twitter.com/marcdemesel/status/1030381022351908865

barborrico
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August 17, 2018, 05:43:22 PM
 #19876

Yessss bottacoin

QF3NOV rules!!!!

Love binaryballs  Cheesy
Alcibiades Agnes
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August 17, 2018, 05:52:06 PM
 #19877

Byteball is lucky to have people like Marc De Mesel in the community. We love his enthusiasm, and also his bravery to get on camera and share with the world what he thinks based on both data and gut feeling.

https://www.youtube.com/watch?v=mW0VweskNm8&feature=youtu.be
I have watched lots of informative, valueable videos with Marc De Messel on crypto in general, and Byteball specifically.


Thank you so much guys!!!! Feeling honored  Cool

https://twitter.com/marcdemesel/status/1030381022351908865

Cent21
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August 17, 2018, 06:55:08 PM
Last edit: August 17, 2018, 07:34:14 PM by Cent21
 #19878


I can't see the smart wallet section anymore using byteball android wallet. Someone is having the same problem?

I think it's a sinc problem... I have a buy order on beeb bot in status (on hold)... What does this means? And how can i restore that order?

Please help.

Thanks
meterse
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August 18, 2018, 01:30:45 AM
 #19879

Read last weeks Byteball email newsletter: Proposed Byteball Javascript Library

https://medium.com/@byteballjesus/weekly-byteball-email-newsletter-proposed-byteball-javascript-library-2e01e3832924

Subscribe here for the very latest Byteball news via email: http://content.byteball.org/subscribe-to-newsletter
negerkolle
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August 18, 2018, 09:57:11 AM
 #19880

Hi,
I just wrote a program that uses Byteballs, and I am ready to start testing it out, but to do this I need a few Byteballs. Is there a faucet anywhere or could anyone help me out? I just need the minimum amount that is needed to send and receive, and exchanging crypto in the country I live is very difficult... Or in case someone can help, my address: QWAZTJ7XBYTK56LANDF4ESGCOUVG7UPX
Much obliged!
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