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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1161375 times)
andreibi
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August 15, 2018, 11:05:53 PM
 #19941

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.

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KyleHaruna
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August 15, 2018, 11:16:29 PM
 #19942

Does the steemit user who has a reputation above 30 can still claim byteball?
meterse
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August 16, 2018, 12:24:50 AM
 #19943

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
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August 16, 2018, 12:49:33 AM
 #19944

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
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August 16, 2018, 02:10:25 AM
 #19945

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.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
CryptKeeper
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Obyte Slack Admin | Community Fund Trustee


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August 16, 2018, 05:37:27 AM
 #19946

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

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
phanphanphuyen
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August 16, 2018, 07:54:40 AM
 #19947

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.
bottacoin
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August 16, 2018, 09:02:18 AM
 #19948


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

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And special congratulation to our 3 best rush traders !

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

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Guffy
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August 16, 2018, 10:22:24 AM
 #19949

What a scam gbyte red even when the whole market green

ok, than leave this scam thread and buy doge Wink
Good idea bro, if do not take into account the fact that i bought byteball at 0.3 btc Grin  There left 0.004 btc from 0.2 invested. Do not thin that this dust will suffice even to pay the commission)
meterse
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August 16, 2018, 03:43:07 PM
 #19950



CryptKeeper
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August 16, 2018, 03:55:45 PM
 #19951

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!

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
jwinterm
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August 16, 2018, 04:16:45 PM
 #19952

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.
Guffy
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August 16, 2018, 04:35:24 PM
Last edit: August 16, 2018, 04:48:25 PM by Guffy
 #19953

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
Guffy
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August 16, 2018, 06:13:33 PM
 #19954

@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
 #19955

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

Am I spamming? Report me!
meterse
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August 16, 2018, 09:27:59 PM
 #19956

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
 #19957

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
 #19958

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
 #19959

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
goigiacmove
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August 17, 2018, 12:02:32 AM
 #19960

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.

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