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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216158 times)
TobiWan
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September 01, 2018, 02:18:23 PM
 #20041

There is no magic way to find the annointed special mix of just the right people to give away to, who will instantly value their freebie crypto token and become byteball users and a magical and complete ecosystem will instantly appear around them all. Yet this magical fantasy is what the powers of byteball are aiming for. And they seem to be clueless why it doesn't work.  

The reality is speculator / investor who valued the token enough to buy it is the current use case. But those people have been shafted. Leaving a void in demand.Its painful to be a part of.


 

agreed, they think they have some miracle product, when in fact it is one of thousands coins, the only use of which is trade against bitcoin. This coin literally has nothing to show. Poor scaling, centralization, bad UX - very bad store of value, no liquidity on exchanges. I don't know how they want to find users, if evrething they sell is a bad version of alternatives.

Byteball doesn't have a problem with scaling.
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pineapple express
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September 01, 2018, 04:06:41 PM
 #20042

There is no magic way to find the annointed special mix of just the right people to give away to, who will instantly value their freebie crypto token and become byteball users and a magical and complete ecosystem will instantly appear around them all. Yet this magical fantasy is what the powers of byteball are aiming for. And they seem to be clueless why it doesn't work.  

The reality is speculator / investor who valued the token enough to buy it is the current use case. But those people have been shafted. Leaving a void in demand.Its painful to be a part of.


 

agreed, they think they have some miracle product, when in fact it is one of thousands coins, the only use of which is trade against bitcoin. This coin literally has nothing to show. Poor scaling, centralization, bad UX - very bad store of value, no liquidity on exchanges. I don't know how they want to find users, if evrething they sell is a bad version of alternatives.

Byteball doesn't have a problem with scaling.
https://blog.goodaudience.com/byteball-main-net-under-stress-test-c131ba85b72b byteball scaling is not better ethereum and ethereum makes it in decentralized manner, ethereum nodes don't fall when it reaches peak loads, and the throughput doesn't decrease.
synthgauge
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September 01, 2018, 04:31:52 PM
 #20043

i cant unterstand this steem thing neither. its sad to see that this does not help to increase adoption.
Steemit is only used by spammers to earn money for spamming. It's a terrible platform that takes 3 months to even get your money out.

It was flagged by bitcointalk cartel as scam coin. Nonetheless there were bright sides about steemet namely its ability to recover from dumps like a rubber band. U should allow some leeway for steemit because u sold for profit and invested money into the basement where u have been living happily ever since. Not even a hairy roommate of urs could spoil ur happiness.
maligu
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September 01, 2018, 04:36:33 PM
 #20044

I heard that BYTEBALL will be listed next to binance. Is this news true? If it can be listed in binance, this is a very encouraging news, BYTEBALL will also usher in a big rise.

Angel Di
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September 01, 2018, 04:38:56 PM
 #20045

That would be really good. Now adding to this exchange is just a good sign for any coin. Smiley
TobiWan
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September 01, 2018, 05:00:11 PM
 #20046

I heard that BYTEBALL will be listed next to binance. Is this news true? If it can be listed in binance, this is a very encouraging news, BYTEBALL will also usher in a big rise.
Byteball has lost in voting and was 4th
pineapple express
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September 01, 2018, 06:42:52 PM
Last edit: September 01, 2018, 07:35:05 PM by pineapple express
 #20047

wow the winner has only 1828 votes. Where is all 70.000 of steem flooders? Byteball community is a 348 members. Adoption as it is  Grin
Meanwhile IOTA and Volkswagen to launch first product, "Digital CarPass", in Q1 2019 https://www.investinblockchain.com/iota-volkswagen-digital-carpass/
altcoinb
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September 01, 2018, 07:46:45 PM
 #20048

wow the winner has only 1828 votes. Where is all 70.000 of steem flooders? Byteball community is a 348 members. Adoption as it is  Grin
Meanwhile IOTA and Volkswagen to launch first product, "Digital CarPass", in Q1 2019 https://www.investinblockchain.com/iota-volkswagen-digital-carpass/

Yes, i ask me the same, but i think not all steem users have a account on binance.
I have a binance account too, but i have not trade in last time 0.01 BTC, i cant vote.
TobiWan
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September 02, 2018, 03:01:40 PM
 #20049

In byteball wallet I wanted to buy blackbytes for bytes in the chatbot. It's called buy blackbytes (trustless), but everytime I want to buy some blackbytes and then insert my public key there is an information "Failed to pay: There are no funded addresses'', ''An error occurred while creating the contract, please try again in 10 minutes".
Does anyone know what the problem is?
Cent21
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September 02, 2018, 08:41:32 PM
 #20050

In byteball wallet I wanted to buy blackbytes for bytes in the chatbot. It's called buy blackbytes (trustless), but everytime I want to buy some blackbytes and then insert my public key there is an information "Failed to pay: There are no funded addresses'', ''An error occurred while creating the contract, please try again in 10 minutes".
Does anyone know what the problem is?

I used beeb bot to trade blackbytes and it's working smoothly. Give a look.
holden.commodore
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September 02, 2018, 09:24:26 PM
 #20051

So sad that the 1000$ once reached was only because the bitcoins airdrop.
At this stage, without hype features or mass adoption cryptocurrencies like byteball will become just a geek toy.
holden.commodore
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September 02, 2018, 09:28:55 PM
 #20052


 Byteball doesn't have a problem with scaling.
[/quote]

Without mass adoption sorry to say that, butis pointless.
It is like to have a lambo that can only speed up to 60mph
pineapple express
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September 02, 2018, 09:30:37 PM
 #20053

So sad that the 1000$ once reached was only because the bitcoins airdrop.
At this stage, without hype features or mass adoption cryptocurrencies like byteball will become just a geek toy.
good that we have bitcoin
Punqtured
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September 02, 2018, 10:17:10 PM
 #20054

After the Steem airdrop, we announced a Use-a-Thon - Steem Edition.

Those not familiar with the Use-a-Thon format can check out the first edition we held in cooperation with a university in Venezuela.

The contest in discovering, creating and building use cases involving the Byteball Platform runs for 4 weeks until Sunday 30th September. During these 4 weeks, contestants are encouraged to post weekly updates on their progress with their projects, allowing everyone else to see and support their work.

Each week, a Jury will select the best/most interesting progress report that will be rewarded a 1 GB prize.

At the end of the Use-a-Thon, the winners will be announced, and the prized paid to those who actually worked on providing actual use cases for the platform.

A quick overview of some of the use cases actively being worked on by participants:
  • A service allowing an alternative way to sell Steem votes bound to conditions on Byteball Smart Contracts
  • A Bytes <-> STEEM exchange service
  • A solution providing trustless outsourcing and rewarding of tasks between project owners and developers on GitHub/GitLab through use of Smart Contracts
  • A freelance platform where projects and freelancers are brought together without insane fees that existing platforms take

Apart from these four use cases, there are 3 more contestants who haven't yet posted an update. More contestants are expected to join during the next week or two, and we're absolutely thrilled to see what the following weeks have in store for us!

Today, the first weekly update was published an the weekly winner of the 1 GB award was determined

pineapple express
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September 02, 2018, 10:42:39 PM
 #20055

After the Steem airdrop, we announced a Use-a-Thon - Steem Edition.

Those not familiar with the Use-a-Thon format can check out the first edition we held in cooperation with a university in Venezuela.

The contest in discovering, creating and building use cases involving the Byteball Platform runs for 4 weeks until Sunday 30th September. During these 4 weeks, contestants are encouraged to post weekly updates on their progress with their projects, allowing everyone else to see and support their work.

Each week, a Jury will select the best/most interesting progress report that will be rewarded a 1 GB prize.

At the end of the Use-a-Thon, the winners will be announced, and the prized paid to those who actually worked on providing actual use cases for the platform.

A quick overview of some of the use cases actively being worked on by participants:
  • A service allowing an alternative way to sell Steem votes bound to conditions on Byteball Smart Contracts
  • A Bytes <-> STEEM exchange service
  • A solution providing trustless outsourcing and rewarding of tasks between project owners and developers on GitHub/GitLab through use of Smart Contracts
  • A freelance platform where projects and freelancers are brought together without insane fees that existing platforms take

Apart from these four use cases, there are 3 more contestants who haven't yet posted an update. More contestants are expected to join during the next week or two, and we're absolutely thrilled to see what the following weeks have in store for us!

Today, the first weekly update was published an the weekly winner of the 1 GB award was determined


What are the results of the Venezuelan Use-a-Thon?
ByteFan
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September 03, 2018, 05:15:25 AM
 #20056

In byteball wallet I wanted to buy blackbytes for bytes in the chatbot. It's called buy blackbytes (trustless), but everytime I want to buy some blackbytes and then insert my public key there is an information "Failed to pay: There are no funded addresses'', ''An error occurred while creating the contract, please try again in 10 minutes".
Does anyone know what the problem is?

I used beeb bot to trade blackbytes and it's working smoothly. Give a look.

https://www.beeb-bot.com/

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)
jjacob
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September 03, 2018, 07:02:40 AM
 #20057

I heard that BYTEBALL will be listed next to binance. Is this news true? If it can be listed in binance, this is a very encouraging news, BYTEBALL will also usher in a big rise.
Byteball has lost in voting and was 4th

This is pretty sad. Binance has hundreds of shit coins listed, but they hold a vote to see which additional coin should be listed? They should have listed Byteball a long time ago. I am sure it will be worth their while to list it; not sure what they are waiting for.


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meterse
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September 03, 2018, 08:11:25 AM
 #20058

In other news..

The World Community Grid Byteball team is growing fast and climbing the world rankings! Join us:

https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=R1RD1XTFK92

 Cool
TobiWan
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September 03, 2018, 09:54:51 AM
 #20059

byteball price is dropping again lol
Punqtured
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September 03, 2018, 09:56:33 AM
 #20060

What are the results of the Venezuelan Use-a-Thon?

The winning project introduced a GBYTE/Fiat (Bolivares) gateway, making it more convenient for merchants to accept bytes as means of payment. They build their project incrementally starting off more or less manually handling all transactions and gradually introduce more and more automation and integration. So far, they have managed to successfully provide bank-transfers to/from 3 of that largest Venzuelan banks. Their volume is constantly increasing (stats not publicly available as government/regulation in Venezuela isn't exactly "safe") and it's the base foundation for more and more merchants wanting to shield their money from the insane inflation rates in the country. Even in bear markets and with depreciating price of basically any crypto, it's still far to prefer over their fiat currency that suffers inflation rates as high as 1000% per month. Consider that for a while, and then reconsider how everyone is whining in crypto these days ;-) (link: https://capybaraexchange.com)

Another project from the Use-a-Thon aims to replace the internal financial system of the Simon Bolivar University with Byteball. When a faculty applies for funding of a research project, the verification and acceptance process is rather bureaucratic and takes a long time. Once it is approved, the funds get transferred to the central financial department. This process costs extremely large fees to banks (and government) so already when the funds arrive, they have significantly decreased. From the central financial system, money are then distributed to each of the faculties/research projects again requiring large bank fees to be paid and yet another bureaucratic and lengthy process. When the money finally arrive to the research project, inflation and bank fees have rendered the granted funding to be insufficient and thus the projects cannot actually pay for the equipment or staff needed to complete the projects. For this use case, the far greatest hurdle to overcome has been to get through to the university management and get the legal consequences sorted. Thanks to one of our area representatives, who is a professor at the university, it allowed a better access to the right authorities at the university to move the project forward. The project is currently preparing to launch a beta test of the entire solution where they apply the Byteball platform to one particular set of courses, allowing external parties to pay for the courses using Bytes. Here, the Capybaraexchange comes in handy as well, as it allows the university to easily convert to/from Bolivares.

There is a third project that aims to support students financially for completing their trimester and passing their exams. Right now, the university experiences a whopping 60% of students not signing up for next trimester and thus never completing their education. The economic situation in Venezuela requires a lot of people to get a job to earn just a few dollars to be able to maintain a sustainable living. By providing a platform that allows external donors to directly "fund" a student with $3-5 a month provided they pass their exams and sign up for next trimester it is the hope that more students will be able to focus on their education and on the larger scale, be the possible change that the country so badly needs. The solution involves a student to verify their identity first before signining up to the program through an in-wallet bot. An Oracle taps into the central student system to read and post score and enrollment to the DAG for each student. If the student passes all exams, the donation stored on a smart contract will be released to the student. If not - it will be returned to the donor. No intermediaries or potentially corrupt middle man to interfere with the system. The project is currently just on the idea stage and the actual platform development still needs to be done. Again, legal issues are the main problem and getting university authorities to accept an oracle to tap into the central student system is the main hurdle. But again, the area representative will prove highly valuable to help out with that.

I don't visit bitcointalk a lot, but reading people's comments here - particularly those complaining about lack of activities, missing use cases and stuff like that - it's obvious that we generally need better forms of communicating what is actually going on. Don't you guys read the weekly newsletters? Aren't you reading the announcements on the Byteball Slack? Announcements are even relayed to our Telegram (https://t.me/byteball) so I'm actually rather surprised to learn how little "investors" apparently seem to care for their "investment" or how little effort they put into actively seeking information. It's not like any of the above have been kept secret or anything :-)
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