Obyte: Totally new consensus algorithm + private untraceable payments

[tonych]

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?

Thanks for the suggestion but since most users (like Ben) are not going to be sponsors, we don't want to introduce extra steps for them.

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.

What is sent to the smart contract, cannot be withdrawn before the 1 year vesting period by anybody, that's the nature of smart contract.

[1679694044]

1679694044

[1679694044]

1679694044

[tarmo888]

There's nothing "beauty" about KYC.

What kind of insane person comes up with such an idea?

Actual Byteball users come up with such ideas, people who see that there is a way to make attestations with fees more accessible to more people. Byteball distributions evolve all the time:
* First there was airdrop to BTC users, but these free bytes were dumped and more BTC was acquired with them. Also, every next round had less new users, so free bytes were airdropped to same people over and over again. Unfortunately, over 50% of bytes were wasted on that distribution, which probably motivated to make future distributions step-by-step more smarter.
* Then real name attestation distribution was created, but users needed to get $8 for Jumio fee. It went viral in Venezuela, so the 1 year vesting was introduced to avoid bytes dumping on exchanges.
* Then Steem attestation distribution was created, which also went viral, but there was problem with referring new users because everybody tried to become the referrer. It was great for virality, but not so great for referrers, so multiple other referring methods were added.
* Now smart vouchers solve the problem that there is no need to send the fee to new users in order to become a referrer, referrers can use smart vouchers instead. It also has 1 year vesting, so not everything gets dumped to exchanges right away.

This means that next attestation will probably use all the previous stuff that have proven to be good for the distributions.

If you don't want to do the KYC, you don't have to, nobody is forcing you do to the real name attestation, unless you want to use some feature that requires it. Lot of people probably see it as a way to earn free bytes like it is possible to earn free stuff via referral codes on other platforms. Not everybody is against KYC, some people understand that if you are handling fiat then KYC is required.

Decentralized exchange like Bisq is cool as a technology, but it has nowhere near the volumes that centralized exchanges have. Most of it's volume also comes from XMR/BTC pair, not from fiat pairs.

[tonych]

I wonder whether people using the voucher can burn $8 from the voucher by deciding half way to ditch the KYC process and terminate early.

They can, that's the risk sponsors are taking.  The limit of 2 attempts per user helps mitigate the risks.

Second, if the Voucher is not fully used, can the funds paid into it be reclaimed?

Yes.

[barborrico]

Thanks for the suggestion but since most users (like Ben) are not going to be sponsors, we don't want to introduce extra steps for them.

I was thinking the opposite. Make users like Ben sponsors and let them spread the platform.

But if you say they are not going to be sponsors, I have nothing more to say.

[vlom]

Are these two attestations now linked in a way? And if yes how?
thank you.

The link is known to the bot but it is not public.

and who knows what the bot knows? 

[Thul]

What kind of insane person comes up with such an idea?

I am almost sure that this new program is linked to real name attestation because all the other programs have been misused. Do you remember what happened with the telegram quiz? Or are you aware of the problems with the steem thing?

The problem is the greed of so many people and the willingness to do a lot of things just to get some "free bytes".

Distribution should benefit those who use this currency as what it exists for: Offer and purchase of goods and services. - Of course, not where Visa & Co. dominate, and not at the retailer around the corner.

The target focus should be the market that already exclusively uses crypto currencies. Here for the x-th time "Open Bazaar" is mentioned. - I remember the "Bitcoin Cash" distribution to people who opened a shop on this platform.

The distribution to those who hope for a performanceless (finally Fiat-)income is a waste of time and energy and certainly does not increase real demand.

It is clear that very few of the community will support this idea. Who has so much self-determination and initiative to open their own shop?
One wants to draw something for free, and exactly this virtue is served by the Byteball management. And that's exactly why it won't work with the desired broad distribution. Because nobody knows what to do with the received "Bytes".

I would very much like to offer my goods on Open Bazaar for "Blackbytes", but I can't do that.

Currently Bytes and Blackbytes are hardly usable, and it doesn't look as if something is changing so fast, for which not only the naming is responsible...

[tonych]

Are these two attestations now linked in a way? And if yes how?
thank you.

The link is known to the bot but it is not public.

and who knows what the bot knows? 

Me, if I care to look

[tonych]

Thanks for the suggestion but since most users (like Ben) are not going to be sponsors, we don't want to introduce extra steps for them.

I was thinking the opposite. Make users like Ben sponsors and let them spread the platform.

But if you say they are not going to be sponsors, I have nothing more to say.

I know what it feels when your suggestion is rejected, but what I say is based on data:
out of 72000 steem attested users, only 6700 had ever referred someone else;
out of 25000 real name attested users, only 1700 had ever referred someone else.

[vlom]

Me, if I care to look

thank you for the honest answer. your curiosity is one thing. but maybe once you could be forced to show it to someone.

EDIT: I dont want to bash you. I just want to know in which ways the privacy of users can be in danger.

[barborrico]

out of 25000 real name attested users, only 1700 had ever referred someone else.

I only see 20k: https://byteball.co/attestors

Anyway, two more questions: How many of that 1700 were when refferral rewards was inmediately spendable (with and without counting venezuelan ones)?

And: When will you spend your deserved 1%?

Thank you for all responses, especially the reason behind your apparently arbitrarly decision. I don't like arbitrarily decisions.

[vlom]

I would like to suggest this concerning Smart Vouchers and Real Name attestation.

4: The Real Name Attestation Bot accepts the Smart Voucher, and withdraws the $8 fee from the Smart Voucher to pay for the attestation.

Please change the amount of 8$ into a fixed amount of bytes. e.g 0.00X GB

5: If Ben’s attestation is successful, his $20 attestation reward is split in two. $12 is sent to a smart contract on Ben’s wallet. He can withdraw that amount 1 year later.

Then change the $20 into 2.5* 0.00X GB. etc.

Why? I have to admit that I dont want to spent about 1GB to start (6*8 ) because the current price is so low.

[tarmo888]

I would like to suggest this concerning Smart Vouchers and Real Name attestation.

4: The Real Name Attestation Bot accepts the Smart Voucher, and withdraws the $8 fee from the Smart Voucher to pay for the attestation.

Please change the amount of 8$ into a fixed amount of bytes. e.g 0.00X GB

5: If Ben’s attestation is successful, his $20 attestation reward is split in two. $12 is sent to a smart contract on Ben’s wallet. He can withdraw that amount 1 year later.

Then change the $20 into 2.5* 0.00X GB. etc.

Why? I have to admit that I dont want to spent about 1GB to start (6* because the current price is so low.

The attestation fee is there not for fun and it is not the cost of running a bot, but instead fee goes to Jumio who is providing this service and they accept dollars, hence the fee is in dollars.

[vlom]

The attestation fee is there not for fun and it is not the cost of running a bot, but instead fee goes to Jumio who is providing this service and they accept dollars, hence the fee is in dollars.

Adoption would mean that they accept bytes.

[ByteFan]

[reminder] BlackBytes Exchange BEEB is to close on october the 25th.

All customers MUST withdraw their blackbytes before this date or they will be lost (use the 'w' key when paired with BEEB).

[repeating] After this date blackybtes will be lost.

Thank you for your attention.

[soliton]

[reminder] BlackBytes Exchange BEEB is to close on october the 25th.

All customers MUST withdraw their blackbytes before this date or they will be lost (use the 'w' key when paired with BEEB).

[repeating] After this date blackybtes will be lost.

Thank you for your attention.

Is there any other reason that BEEB is to close except that one of low volume, the way I see it...? BB can't be exchange on traditional markets  thus OTC is very important for us.

[CryptoUnicornRider]

out of 25000 real name attested users, only 1700 had ever referred someone else.

I only see 20k: https://byteball.co/attestors

Anyway, two more questions: How many of that 1700 were when refferral rewards was inmediately spendable (with and without counting venezuelan ones)?

And: When will you spend your deserved 1%?

Thank you for all responses, especially the reason behind your apparently arbitrarly decision. I don't like arbitrarily decisions.

byteball.co data aren't updated in real time. There is a latency but I don't know the reason.

[CryptoUnicornRider]

Thanks for the suggestion but since most users (like Ben) are not going to be sponsors, we don't want to introduce extra steps for them.

I was thinking the opposite. Make users like Ben sponsors and let them spread the platform.

But if you say they are not going to be sponsors, I have nothing more to say.

I know what it feels when your suggestion is rejected, but what I say is based on data:
out of 72000 steem attested users, only 6700 had ever referred someone else;
out of 25000 real name attested users, only 1700 had ever referred someone else.

I've talked with many people about the possibility of certifying their identity with the real name bot but the idea of providing a copy of their ID card repels most of them. Even with the money incentives. People care about the security of their official documents. Jumio is literally an unknown company based in the USA. The disrespect of foreign citizen rights expressed by the USA government and the last news about GAFAs security leaks don't help to trust the Jumio company.

As I stated on Twitter few days ago, I will certify my identity in next days (waiting my new ID card, previous one outdated since October 10th) due to the warranties provided by the smart voucher about the bytes use I will give to people.

By the way, I'm a binational citizen. Should I certify my identity twice ?

[ByteFan]

[reminder] BlackBytes Exchange BEEB is to close on october the 25th.

All customers MUST withdraw their blackbytes before this date or they will be lost (use the 'w' key when paired with BEEB).

[repeating] After this date blackybtes will be lost.

Thank you for your attention.

Is there any other reason that BEEB is to close except that one of low volume, the way I see it...? BB can't be exchange on traditional markets  thus OTC is very important for us.

BEEB is closing because raw margin does not even cover hosting costs.

[Thul]

[reminder] BlackBytes Exchange BEEB is to close on october the 25th.

All customers MUST withdraw their blackbytes before this date or they will be lost (use the 'w' key when paired with BEEB).

[repeating] After this date blackybtes will be lost.

Thank you for your attention.

[...] BB can't be exchange on traditional markets  thus OTC is very important for us.

The developer (supported by the community) prefers to deal with side issues instead of finally running something that could have this currency ahead of all the others.

The management would rather feed people's greed than the usability of the platform.

Blackbytes could easily be exchanged for Altcois and Fiat if a wallet-internal solution is created like the decentralized app BISQ does.

[meterse]

Thanks for the suggestion but since most users (like Ben) are not going to be sponsors, we don't want to introduce extra steps for them.

I was thinking the opposite. Make users like Ben sponsors and let them spread the platform.

But if you say they are not going to be sponsors, I have nothing more to say.

I know what it feels when your suggestion is rejected, but what I say is based on data:
out of 72000 steem attested users, only 6700 had ever referred someone else;
out of 25000 real name attested users, only 1700 had ever referred someone else.

I've talked with many people about the possibility of certifying their identity with the real name bot but the idea of providing a copy of their ID card repels most of them. Even with the money incentives. People care about the security of their official documents. Jumio is literally an unknown company based in the USA. The disrespect of foreign citizen rights expressed by the USA government and the last news about GAFAs security leaks don't help to trust the Jumio company.

As I stated on Twitter few days ago, I will certify my identity in next days (waiting my new ID card, previous one outdated since October 10th) due to the warranties provided by the smart voucher about the bytes use I will give to people.

By the way, I'm a binational citizen. Should I certify my identity twice ?

Jumio has verified over 130 million identities. Sure, some people you speak with will not want to, but the fact they have already done so many shows many are fine with it

note: many people in crypto are probably more paranoid about identities than non cyrpto people in the real world (which is the vast majoirty of the worlds population)