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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1232518 times)
consort
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October 13, 2018, 04:16:41 PM
 #20321



Hey Tonych, thanks for distributing these coins to new users. ----? Will you plan other distro models along with cashbacks, verification giveaways and textcoins?

34.5% left.
Yes other methods will be added.


Hi Tonych, are you accepting new users for the cashback program? I see the possibility of getting hundreds/thousands of customers to purchase everyday items using bytes. That way, we could ignite interest in a group of previous "non-users". I filled some google form in a medium article for this purpose three weeks ago, but it seems that channel is not being monitored.
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October 13, 2018, 04:48:19 PM
 #20322

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?

Bisq is a p2p trading platform that doesn't require KYC. It supports bitcoin/fiat trades as well as btc versus alts.
https://bisq.network/faq/
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October 13, 2018, 04:48:51 PM
 #20323

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?

Take a look at BISQ (an exchange that is listed on Byteball homepage).

With BISQ you don't need "identifity verification". Anyone can exchange Fiat for BTC. The identity is known exclusively to the respective exchange partners. The bank does not know what exactly is traded.
Also otherwise there is no central contact point which could be queried.

On this basis, not only blackbytes but also bytes could be traded against Fiat. And then one would finally have an urgently needed interface for the direct exchange of Fiat <-> Byte/Blackbytes.

Tony knows very well. Ask him.
Unfortunately he prefers to get bogged down in gimmicks rather than real applications, which would pave the way for a mass adaptation to give appropriate space.

The question of how Blackbyte distribution will continue is still unanswered...
milugau
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October 13, 2018, 04:52:51 PM
 #20324

Bisq is a p2p trading platform that doesn't require KYC. It supports bitcoin/fiat trades as well as btc versus alts.
https://bisq.network/faq/
I love fiat trading pairs and no KYC for withdrawals.
It is terrible if users can deposit easily but got troubles with KYC process when they try withdrawing their coins/ money.
meterse
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October 13, 2018, 05:25:37 PM
 #20325

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?

Bisq is a p2p trading platform that doesn't require KYC. It supports bitcoin/fiat trades as well as btc versus alts.
https://bisq.network/faq/

if thats the case it that answers the Blackbyte question from above
Real Miracle
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October 13, 2018, 05:30:11 PM
 #20326

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?

Bisq is a p2p trading platform that doesn't require KYC. It supports bitcoin/fiat trades as well as btc versus alts.
https://bisq.network/faq/

if thats the case it that answers the Blackbyte question from above
Good to see byteball is ramping up its marketing operation.  When and how it will be conducted?

meterse
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October 13, 2018, 05:39:34 PM
 #20327

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?

Take a look at BISQ (an exchange that is listed on Byteball homepage).

With BISQ you don't need "identifity verification". Anyone can exchange Fiat for BTC. The identity is known exclusively to the respective exchange partners. The bank does not know what exactly is traded.
Also otherwise there is no central contact point which could be queried.

On this basis, not only blackbytes but also bytes could be traded against Fiat. And then one would finally have an urgently needed interface for the direct exchange of Fiat <-> Byte/Blackbytes.

Tony knows very well. Ask him.
Unfortunately he prefers to get bogged down in gimmicks rather than real applications, which would pave the way for a mass adaptation to give appropriate space.

The question of how Blackbyte distribution will continue is still unanswered...

Blackbytes will be distributed, exactly how nobody knows, especially given the byte distribution is in many forms
meterse
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October 13, 2018, 07:56:56 PM
 #20328

byterbal is a language of value between users. Without users byterbal will fail. Without liquidity there's no users. Without the potential to store value inside of it, byterbal will not have liquidity. Byterbal needs to return bitcoin airdrops and try to start over. If you love byterbal, sell your bytes and show Tony that you against politics of his mediocre marketing team. We need a real community, not the steem bots and twitter shitposters!


"...try to start over".
Following this thread, having found the byteball project about three weeks ago, I realize Tony stopped the bitcoin airdrops because some beneficiaries dumped their GBytes as quickly as possible, causing consistent loss of value. It is the same challenge they are currently facing, where a few accounts sell over 38 BTC worth of Gbyte in 24 hours, set up a huge sell wall everyday, and hold the entire project to ransom, some using free Gbytes they got from airdrops. I don't envy Tony; he is at crossroads - damned if you do; damned if you don't. Things may not be perfect, but the ability to take decisions, stick to them, or correct them if need be (like the great step of stopping bitcoin airdrops), will guide this project to the expected endpoint.

I think the majority of future distros will lock funds for 12 months so less of an issue now than with original btc airdrops
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October 13, 2018, 09:01:40 PM
 #20329

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.
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October 14, 2018, 01:45:41 AM
 #20330

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.
Incentive to help medical research, shouldn't expect much  Smiley

meterse
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October 14, 2018, 09:43:33 AM
Last edit: October 14, 2018, 10:44:57 AM by meterse
 #20331

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
The current bad solution is now, he give me money and i buy bytes for him Roll Eyes

It's not just traders on exchanges, there are maybe future users for the byteball plattform.
I love the cheap price at the moment Grin but we need massadoption and a better marketing strategy.


bytes can be traded for btc using the bot inside the wallet, no ID verification
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October 14, 2018, 10:52:11 AM
 #20332

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

And why did you expected 100 GB? Any calculation behind this expectation? The reward amount is fixed to dollar value at that time, so sometimes more GB gets distributed, sometimes less. It used to be even less, but was increased after the GDPR issue got resolved. Also, 10% bonus was introduced to then too for those who joined Byteball.org WCGrid team.
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October 14, 2018, 11:23:35 AM
 #20333

Take a look at BISQ (an exchange that is listed on Byteball homepage).

With BISQ you don't need "identifity verification". Anyone can exchange Fiat for BTC. The identity is known exclusively to the respective exchange partners. The bank does not know what exactly is traded.
Also otherwise there is no central contact point which could be queried.

On this basis, not only blackbytes but also bytes could be traded against Fiat. And then one would finally have an urgently needed interface for the direct exchange of Fiat <-> Byte/Blackbytes.

Tony knows very well. Ask him.
Unfortunately he prefers to get bogged down in gimmicks rather than real applications, which would pave the way for a mass adaptation to give appropriate space.

The question of how Blackbyte distribution will continue is still unanswered...

This would be pseudo-privacy. Even if the bank doesn't yet know what you are exactly trading, they know who you are trading it with and all the other payment processors who handle fiat know also who are the 2 counterparts because they are forced to do AML. Since Bisq doesn't handle native currencies themselves and fiat needs to be transferred directly from one person to another, you would also need to reveal your real name to other counterpart if you do a bank transfer. This means, trading privacy coin to fiat would have even less privacy than Bitcoin has by default.

Bisq is decentralized in a sense that it's like static website that doesn't store anything about users... but it is integrated with other payment services where you still need to reveal your identity. So, yes, it is decentralized, but you can't just mashup 2 ideas like that and think that the result is still the same. But then again, since Bisq is open-source, nobody is stopping you to build something like that for Blackbytes or any other privacy coin that doesn't have a pair with fiat on Bisq. If this is what will make it mainstream then anybody who actually implements it would become a rich man/woman, but maybe there is little bit more to it than it looks.
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October 14, 2018, 12:25:31 PM
 #20334

BISQ also enables a "face to face" exchange, i.e. cash <-> crypto.

If this is what will make it mainstream then anybody who actually implements it would become a rich man/woman, but maybe there is little bit more to it than it looks.
Who offers goods online for Cryptocurrencies knows the problem of his customers.
Most of them refuse because the purchase is so complicated. With Bitcoin, it's already awkward, and that's enough for most people.
A solution based on BISQ and integrated into the wallet would finally eliminate this bottleneck.
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October 14, 2018, 02:41:18 PM
 #20335

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
....

Same to me. I used to be at Bittrex, but I don't trade there anymore since verification is required. I used to buy Bytes from Cryptopia, but for some time now the deposit and withdrawal of bytes hasn't worked anymore. The team should make every effort to ensure a good and stable exchange. It can also be decentralized if it doesn't make trading more difficult.
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October 14, 2018, 03:16:05 PM
Last edit: October 14, 2018, 04:09:35 PM by barborrico
 #20336

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

And why did you expected 100 GB? Any calculation behind this expectation? The reward amount is fixed to dollar value at that time, so sometimes more GB gets distributed, sometimes less. It used to be even less, but was increased after the GDPR issue got resolved. Also, 10% bonus was introduced to then too for those who joined Byteball.org WCGrid team.

https://medium.com/byteball/byteball-world-community-grid-distribution-is-back-on-track-21ceadb5196e

Well, if 400M points are sent, I expect to see, at less, $4000 in bytes -> 4000/39 = ~100GB

But it is not what I see. Neither price volatility or 10% bonus explain that divergence.

https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

Poor guy. He has received their bytes at $472 per GB, instead of $39.
meterse
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October 14, 2018, 04:15:12 PM
 #20337

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
....

Same to me. I used to be at Bittrex, but I don't trade there anymore since verification is required. I used to buy Bytes from Cryptopia, but for some time now the deposit and withdrawal of bytes hasn't worked anymore. The team should make every effort to ensure a good and stable exchange. It can also be decentralized if it doesn't make trading more difficult.

try cryptox.pl no KYC
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October 14, 2018, 04:52:42 PM
 #20338

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
....

Same to me. I used to be at Bittrex, but I don't trade there anymore since verification is required. I used to buy Bytes from Cryptopia, but for some time now the deposit and withdrawal of bytes hasn't worked anymore. The team should make every effort to ensure a good and stable exchange. It can also be decentralized if it doesn't make trading more difficult.

try cryptox.pl no KYC

Yes, I've already traded several times on https://cryptox.pl and it was always reliable and fast.

If you have a support request or any other questions, you can even contact their manager on our slack (user @grzem).

Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
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October 14, 2018, 06:40:33 PM
Last edit: October 14, 2018, 07:37:17 PM by vlom
Merited by LoyceV (1)
 #20339

I am running a Gunbot instance on a VPS. And today I decided to use the VPS to participate in the Byteball World Community Grid Distribution.

If you are using a Linux VPS then it is done really quick (https://misctechmusings.com/boinc-cli-for-world-community-grid).

Code:
$ sudo apt-get update
$ sudo apt-get install boinc-client

create an account via terminal

Quote
Code:
$ boinccmd --lookup_account http://www.worldcommunitygrid.org <username> <password>

If everything went well you should see the following output:
usename@computer:~$ boinccmd --lookup_account http://www.worldcommunitygrid.org username password
status: Success
poll status: operation in progress
account key: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

or use the website: https://www.worldcommunitygrid.org

After that just one last terminal command:

Code:
$ boinccmd --host localhost --project_attach http://www.worldcommunitygrid.org accountkey

And then connect it with the byteball-wallet-bot.

https://medium.com/byteball/computing-for-good-again-3795336bdaed

If I dont forget it, I will let you know in a week or so how many points i made.

EDIT:

you can check if you are connected on the website too.
My Contribution - Device Statistics
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October 14, 2018, 08:56:56 PM
Last edit: October 14, 2018, 09:14:35 PM by tarmo888
 #20340

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

And why did you expected 100 GB? Any calculation behind this expectation? The reward amount is fixed to dollar value at that time, so sometimes more GB gets distributed, sometimes less. It used to be even less, but was increased after the GDPR issue got resolved. Also, 10% bonus was introduced to then too for those who joined Byteball.org WCGrid team.

https://medium.com/byteball/byteball-world-community-grid-distribution-is-back-on-track-21ceadb5196e

Well, if 400M points are sent, I expect to see, at less, $4000 in bytes -> 4000/39 = ~100GB

But it is not what I see. Neither price volatility or 10% bonus explain that divergence.

https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

Poor guy. He has received their bytes at $472 per GB, instead of $39.

Where do you get this 400M points? There is no penalty for big crunchers. Daily is around 120M instead https://wcg.report/ and 40M is from team members, which means 33% get 10% extra https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=R1RD1XTFK92

So, $1200/39 ~ 30GB
33% of 120M is 40M
$400/39 ~ 10GB
30 + 10 = 40GB

Poor guy who payed 10 000 Bitcoins for pizza. It doesn't matter what the price was when they got it, you are not forced to hold them, if you have acquired too many bytes and you think the price will go down then you sell it or buy something, but if you decided to keep it until it is $500 again then those can be called "poor guy" who couldn't handle the pressure and sold it at $39.
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