Obyte: Totally new consensus algorithm + private untraceable payments

[barborrico]

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.

From wcg bot address: https://explorer.byteball.org/#OP3XG7FP2Q3HAF4GR33YCFI7BHLAZMFW

The address I posted before IS from a big cruncher. But doesn't appear on https://wcg.report/168--2018-10-14%2010:17:21.html

[tarmo888]

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.

From wcg bot address: https://explorer.byteball.org/#OP3XG7FP2Q3HAF4GR33YCFI7BHLAZMFW

The address I posted before IS from a big cruncher. But doesn't appear on https://wcg.report/168--2018-10-14%2010:17:21.html

I still don't get where you get 400M points, for example, this transaction on 14.10.2018 14:31:57:
https://explorer.byteball.org/#SdsDQSftKEAh+JXZNRiIWvJpmIZ0qAL2/NJi6bWlny0=

Payment in bytes - 390,059,593,695 from 48ZGNoQoDlpcZsyk8hjOwn0EmcT6OPMpANIUrLTV02A=

Payment in IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
Issue Serial number: 721
Amount: 109,132,570

[barborrico]

I simply sum all Issues in a day of OP3XG7FP2Q3HAF4GR33YCFI7BHLAZMFW and check byte transactions. Both should match.

[cryptohunter]

where did anyone get the idea that world coin grid or any other folding was going to help byteball in any way other than to crush the value lower??

i am a big investor in curecoin since the start - that has not worked out well at all.

[tarmo888]

I simply sum all Issues in a day of OP3XG7FP2Q3HAF4GR33YCFI7BHLAZMFW and check byte transactions. Both should match.

Issues with serial numbers 721, 720, 719, 718 are sent to multiple addresses at once and total amount is 124 322 171. wcg.report shows 124 348 482, so it is pretty much the same.

Rest of the issues are sent to single address, which means they are most likely new joiners, not daily crunchers. So, wcg.report shows daily crunchers, not new joinings.

https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O
Your example of big cruncher is also a new address (first transaction on 2018-10-14), which means it is new a new joiner and that's why they are not on wcg.report yet. Looks like they are claiming bytes from multiple accounts to same address.

So, please no FUD if you don't fully understand what you are reading.

Issue 12,747,699 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 723

Issue 1,118 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 722

Issue 109,132,570 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 721

Issue 13,062,079 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 720

Issue 1,831,218 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 719

Issue 296,304 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 718

Issue 108,647,639 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 717

Issue 13,393,384 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 716

Issue 157,306,757 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 715

Issue 86,983,516 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 714

Issue 62,774,797 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 713

Issue 70,639,986 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 712

Issue 33,620,218 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 711

Issue 58,403,875 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 710

Issue 174,708,816 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 709

Issue 173,620,640 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 708

Issue 172,002,816 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 707

Issue 47,715,727 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 706

Issue 117,486 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 705

[tarmo888]

where did anyone get the idea that world coin grid or any other folding was going to help byteball in any way other than to crush the value lower??

i am a big investor in curecoin since the start - that has not worked out well at all.

But where do you get the idea that this is what is crushing the value lower? Have you noticed that Byteball price drops when rest of the cryptocurrencies drop, especially when closest technological competitors (IOTA and Nano) drop? Latest $50 to $40 drop was exactly at the same time as Bitcoin dropped from $6600 to $6300, since Byteball is low marketcap coin, it is more volatile, so gains and drops will be bigger.

[Thul]

A lack of usability results in a lack of demand.

The demand, again, is generated from those who recognize a usability. - Certainly not from those who have hoped for a non productive income through the Airdrop.

The customer consuming the goods generates demand. There is a real demand for crypto currencies where goods are offered almost exclusively against crypto currencies. Here I only mention "Open Bazaar". - Also this potential is not recognized by the management and the development and supported accordingly.
The creation of not usable gimmicks seems more important.

Roadmap:
1. name change (byteball, bytes, blackbytes are not possible at all)
2. easily switch to Fiat and vice versa via the wallet, using the code from BISQ.
3. to be able to buy from Open Bazaar via this currency, as is already possible with BTC, BCH and ZEC.

[barborrico]

Your example of big cruncher is also a new address (first transaction on 2018-10-14), which means it is new a new joiner and that's why they are not on wcg.report yet. Looks like they are claiming bytes from multiple accounts to same address.

So, please no FUD if you don't fully understand what you are reading.

It doesn't matter if it appears on wcg.report or not. If a million points are sent, I expect to see a $10 byte transaction, and this is not the case.

I see 437 million points and only 9,2 GB ($460 at $50/GB)-> https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

It is no FUD if its truth.

[meterse]

where did anyone get the idea that world coin grid or any other folding was going to help byteball in any way other than to crush the value lower??

i am a big investor in curecoin since the start - that has not worked out well at all.

Byteball is a platform, I believe curecoin is just a coin. I dont think WCG payouts are enough to affect the price much

[meterse]

where did anyone get the idea that world coin grid or any other folding was going to help byteball in any way other than to crush the value lower??

i am a big investor in curecoin since the start - that has not worked out well at all.

But where do you get the idea that this is what is crushing the value lower? Have you noticed that Byteball price drops when rest of the cryptocurrencies drop, especially when closest technological competitors (IOTA and Nano) drop? Latest $50 to $40 drop was exactly at the same time as Bitcoin dropped from $6600 to $6300, since Byteball is low marketcap coin, it is more volatile, so gains and drops will be bigger.

exactly

[Freefactomizer]

Your example of big cruncher is also a new address (first transaction on 2018-10-14), which means it is new a new joiner and that's why they are not on wcg.report yet. Looks like they are claiming bytes from multiple accounts to same address.

So, please no FUD if you don't fully understand what you are reading.

It doesn't matter if it appears on wcg.report or not. If a million points are sent, I expect to see a $10 byte transaction, and this is not the case.

I see 437 million points and only 9,2 GB ($460 at $50/GB)-> https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

It is no FUD if its truth.

Lol you are looking at an address balance, not at a transaction. The guy has spent or moved elsewhere the remaining bytes while all WCG points stay on same address.

[barborrico]

Your example of big cruncher is also a new address (first transaction on 2018-10-14), which means it is new a new joiner and that's why they are not on wcg.report yet. Looks like they are claiming bytes from multiple accounts to same address.

So, please no FUD if you don't fully understand what you are reading.

It doesn't matter if it appears on wcg.report or not. If a million points are sent, I expect to see a $10 byte transaction, and this is not the case.

I see 437 million points and only 9,2 GB ($460 at $50/GB)-> https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

It is no FUD if its truth.

Lol you are looking at an address balance, not at a transaction. The guy has spent or moved elsewhere the remaining bytes while all WCG points stay on same address.

Lol where? There are NOT out transactions from that address.

Check the aforementioned address before talking, thanks.

Seriously, Why happens this? Why byteball can not keep his word?

This is hilarious. Please transition to a serious project, tech is already here.

And hire keeek as an advisor, for the sake of god.

[Freefactomizer]

Your example of big cruncher is also a new address (first transaction on 2018-10-14), which means it is new a new joiner and that's why they are not on wcg.report yet. Looks like they are claiming bytes from multiple accounts to same address.

So, please no FUD if you don't fully understand what you are reading.

It doesn't matter if it appears on wcg.report or not. If a million points are sent, I expect to see a $10 byte transaction, and this is not the case.

I see 437 million points and only 9,2 GB ($460 at $50/GB)-> https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

It is no FUD if its truth.

Lol you are looking at an address balance, not at a transaction. The guy has spent or moved elsewhere the remaining bytes while all WCG points stay on same address.

Lol where? There are NOT out transactions from that address.

Check the aforementioned address before talking, thanks.

Seriously, Why happens this? Why byteball can not keep his word?

This is hilarious. Please transition to a serious project, tech is already here.

And hire keeek as an advisor, for the sake of god.

For the WCG points you crunched before registering to distribution you get these rewards:

If you are already a WCG member and earned some points before enrolling into the distribution, you also receive a one-time reward that depends on the amount of WCG points you generated:

    100,000 to 1,000,000 points: $0.20;
    1,000,000 to 10,000,000 points: $3.00;
    10,000,000 to 100,000,000 points: $40.00;
    over 100,000,000 points: $150.00.

They are below the ratio of 1$ for 100000 WCG.
Byteball doesn't fool anyone, stop spreading your bullshit.

[barborrico]

Your example of big cruncher is also a new address (first transaction on 2018-10-14), which means it is new a new joiner and that's why they are not on wcg.report yet. Looks like they are claiming bytes from multiple accounts to same address.

So, please no FUD if you don't fully understand what you are reading.

It doesn't matter if it appears on wcg.report or not. If a million points are sent, I expect to see a $10 byte transaction, and this is not the case.

I see 437 million points and only 9,2 GB ($460 at $50/GB)-> https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

It is no FUD if its truth.

Lol you are looking at an address balance, not at a transaction. The guy has spent or moved elsewhere the remaining bytes while all WCG points stay on same address.

Lol where? There are NOT out transactions from that address.

Check the aforementioned address before talking, thanks.

Seriously, Why happens this? Why byteball can not keep his word?

This is hilarious. Please transition to a serious project, tech is already here.

And hire keeek as an advisor, for the sake of god.

For the WCG points you crunched before registering to distribution you get these rewards:

If you are already a WCG member and earned some points before enrolling into the distribution, you also receive a one-time reward that depends on the amount of WCG points you generated:

    100,000 to 1,000,000 points: $0.20;
    1,000,000 to 10,000,000 points: $3.00;
    10,000,000 to 100,000,000 points: $40.00;
    over 100,000,000 points: $150.00.

They are below the ratio of 1$ for 100000 WCG.
Byteball doesn't fool anyone, stop spreading your bullshit.

Oh shit, I thought this was discontinued...

Is there an unique place where I can check all distribution stats and rules? A serious project would have it.

[cryptohunter]

where did anyone get the idea that world coin grid or any other folding was going to help byteball in any way other than to crush the value lower??

i am a big investor in curecoin since the start - that has not worked out well at all.

But where do you get the idea that this is what is crushing the value lower? Have you noticed that Byteball price drops when rest of the cryptocurrencies drop, especially when closest technological competitors (IOTA and Nano) drop? Latest $50 to $40 drop was exactly at the same time as Bitcoin dropped from $6600 to $6300, since Byteball is low marketcap coin, it is more volatile, so gains and drops will be bigger.

I am following this thought process...

folders tend to not care about other projects - they care about folding and being able to sell what ever coins they get to pay for their electricity to fold ... this is highly evident with cure coin actually.

other coins - you buy them so hold for profit.

folders tend to dump quickly and have no loyalty to the project.

most folders dont care at all about crypto in general.

this compared to rewarding holders of bb monthly with more bb is no comparison.

In summary folding for bb is a terrible idea if you are interested in increasing community size or starting to get more holders and investors.

[tonych]

Introducing Smart Vouchers: A New Way To Earn Referral Rewards By Sending Bytes To New Users

Smart Vouchers is a safer way to get referrals than sending them $8 in Bytes (which they might not spend as intended).

As before, attestation rewards are sent to smart contracts vesting in 1 year.

Referral rewards are sent back to the smart voucher and allow to fund more attestations.  Net profit from referral rewards can be withdrawn to a smart contract vesting in 1 year.

Read the full story https://medium.com/byteball/introducing-smart-vouchers-a-new-way-to-earn-referral-rewards-by-sending-bytes-to-new-users-38972ec645a7

[Thul]

Introducing Smart Vouchers: [...blub...]

Bullshit again.

The demand is certainly not increased with such a thing.

"Simplicity is beauty"
You should finally follow your Sig yourself.

I am almost full of it.
Question to the community: Are there Byteball clones whose leadership has a little more sense?

[pineapple express]

Introducing Smart Vouchers: [...blub...]

Bullshit again.

The demand is certainly not increased with such a thing.

"Simplicity is beauty"
You should finally follow your Sig yourself.

I am almost full of it.
Question to the community: Are there Byteball clones whose leadership has a little more sense?

there is better coins, like bitcoin. Good place to exchange your bytes on bitcoins is cryptox

[Thul]

Introducing Smart Vouchers: [...blub...]

Bullshit again.

The demand is certainly not increased with such a thing.

"Simplicity is beauty"
You should finally follow your Sig yourself.

I am almost full of it.
Question to the community: Are there Byteball clones whose leadership has a little more sense?

there is better coins, like bit[Suspicious link removed]d place to exchange your bytes on bitcoins is cryptox

As already mentioned here, I prefer BISQ. I am not dependent on the arbitrariness of centralized exchanges.

I was especially interested in Byteball because of "Blackbytes" (what a terrible name). But if you can't use them to offer goods and services, they are useless.

No customer can be motivated to exchange Fiat in BTC, these then in Bytes, which must be converted then again in Blackbytes.
For the customers the exchange in BTC is already too annoying.

[barborrico]

Lol finally you implement partially my idea!! After some months of getting dust on slack.

My complete idea would be:
Instead of

$12 is sent to a smart contract on Ben’s wallet. He can withdraw that amount 1 year later.

should be

$12 is sent to a smart contract on Ben’s wallet. He can withdraw that amount 1 year later OR use it to fund attestations.

By this way, IT COULD BE viral. I don't know if it is possible.

EDIT: well, if the bot sends the $12 to Ben's voucher, then it is done. Or did I missed something?