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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216185 times)
Thul
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October 15, 2018, 02:13:05 PM
Last edit: October 15, 2018, 02:49:47 PM by Thul
 #20421

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.
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barborrico
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October 15, 2018, 02:25:26 PM
Last edit: October 15, 2018, 02:46:06 PM by barborrico
 #20422

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

My complete idea would be:
Instead of
Quote
$12 is sent to a smart contract on Ben’s wallet. He can withdraw that amount 1 year later.

should be

Quote
$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?
jwinterm
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October 15, 2018, 02:32:03 PM
 #20423

Who is going to sit around and wait twelve months for twelve dollars?

meterse
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October 15, 2018, 04:06:41 PM
 #20424

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.


Blackbytes is an excellent name, and they can be used for goods and services
meterse
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October 15, 2018, 04:10:50 PM
 #20425

Who is going to sit around and wait twelve months for twelve dollars?



thats just for one referral

10 referrals is $120 etc. many people put a lot more effort into earning $120 than posting a voucher code on facebook
Thul
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October 15, 2018, 04:12:58 PM
 #20426

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.


Blackbytes is an excellent name, and they can be used for goods and services
Right, you just have to believe in it.   Roll Eyes
Thul
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October 15, 2018, 04:27:52 PM
Last edit: October 15, 2018, 04:53:04 PM by Thul
 #20427

Who is going to sit around and wait twelve months for twelve dollars?



thats just for one referral

10 referrals is $120 etc. many people put a lot more effort into earning $120 than posting a voucher code on facebook
And so one mischief follows another...

"I make myself the world as it pleases me".

Self-reflection and insight = 0
meterse
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October 15, 2018, 05:45:42 PM
 #20428

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



another first for Byteball
meterse
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October 15, 2018, 06:00:42 PM
 #20429

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



the beauty is the referer only needs to do the KYC one time.

so someone could spend 10 minutes doing KYC, generate a voucher code and share it on instagram, facebook etc.

50% success rate is $12 or 75% ROI, 100 people $1,200

this may not go viral immediately but in time it well might
Thul
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October 15, 2018, 06:13:41 PM
 #20430

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

https://cdn-images-1.medium.com/max/1400/0*kSf5WvzM2biewVMm

the beauty is the referer only needs to do the KYC one time.

so someone could spend 10 minutes doing KYC, generate a voucher code and share it on instagram, facebook etc.

50% success rate is $12 or 75% ROI, 100 people $1,200

this may not go viral immediately but in time it well might
There's nothing "beauty" about KYC.

What kind of insane person comes up with such an idea?
meterse
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October 15, 2018, 06:23:40 PM
 #20431

Hey all I was wondering how many % of total gbyte supply has been distributed as of today?

I saw the airdrop has completed 65% distribution, but not sure about the other bounties. Anyone?

I believe the other bounties are negligible.

the grant programme is not capped https://medium.com/byteball/byteball-grants-program-906a71b93d3c
altcoinb
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October 15, 2018, 06:38:58 PM
Merited by LoyceV (1)
 #20432

@all fud and byteball haters

PLEASE LEAVE THE THREAD!!
or ask you the follow questions

  • Where were your ideas for the use-a-thon contest?
  • Why you cant subscribe the newsletter?
  • What are you doing for the project?
  • Why you cant read the whitepaper?

What is this for a shitstorm?
I'm not happy with everything, but i remain objective.
Look at github and see how many time spend tonych in this project.

The only bullshit are your comments!
If you can do it better, clone the project and do it!!
vlom
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October 15, 2018, 06:44:46 PM
 #20433

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


I like the text in your signature. Simplicity is beauty.

But the graphic that should explain Smart Vouchers is not understandable - too complicated.
So I will read the blogpost and hope to understand it afterwards.
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October 15, 2018, 07:01:51 PM
 #20434

[...]
Look at github and see how many time spend tonych in this project.
[...]
It's bad enough that no one in the community can get this guy on track and motivate him not to waste his time with nonsense.

The real world needs a solution, not the not yet existing dream world..  Roll Eyes
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October 15, 2018, 07:07:05 PM
Merited by LoyceV (1)
 #20435

after reading the medium post I now know how it works.
thats why I have a question.

To be able to generate Smart Vouchers you have to be an attested user. The fact that you are an attested user is stored in the DAG.

Quote
At the same time, a hash of the personal data is stored on the public DAG and signed by a trusted attestor. The attestor also serves as a witness, so it is already trusted.

After creating Smart Vouchers anybody who received the code can use it to get attested.

Quote
Let’s say you share it with your brother Ben (referred user). He can then use that code instead of paying the $8 fee for a Real Name Attestation (to prove he really is Ben and not a robot trying to game the system).

This fact is stored in the DAG too.

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

Because if this link is stored and is even visible somehow in the DAG then I wont use this feature.
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yes


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October 15, 2018, 07:09:18 PM
Merited by LoyceV (1)
 #20436

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

           ▀██▄ ▄██▀
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DeepOnion
.Anonymous and Untraceable.
ANN  Whitepaper  Facebook  Twitter  Telegram  Discord 





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.
vlom
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October 15, 2018, 07:11:57 PM
Merited by LoyceV (1)
 #20437


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".
vlom
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October 15, 2018, 07:14:23 PM
 #20438

[...]
Look at github and see how many time spend tonych in this project.
[...]
It's bad enough that no one in the community can get this guy on track and motivate him not to waste his time with nonsense.

The real world needs a solution, not the not yet existing dream world..  Roll Eyes

As long as people like you are the community tonych wont be motivated. Your postings are everything but motivating.
meterse
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October 15, 2018, 07:21:16 PM
 #20439


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".

I think you are correct about why real name attestation is used.

The good news is Byteball has found a better way of distribution (verifying real world IDs and delaying the release of payments by smart contracts)

The future is bright for the remaining distributions
meterse
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October 15, 2018, 07:23:50 PM
 #20440

@all fud and byteball haters

PLEASE LEAVE THE THREAD!!
or ask you the follow questions

  • Where were your ideas for the use-a-thon contest?
  • Why you cant subscribe the newsletter?
  • What are you doing for the project?
  • Why you cant read the whitepaper?

What is this for a shitstorm?
I'm not happy with everything, but i remain objective.
Look at github and see how many time spend tonych in this project.

The only bullshit are your comments!
If you can do it better, clone the project and do it!!

I think the FUD is from newbie accounts, probably paid for by other projects feeling threatened.

Better just to ignore them and reply to people that make genuine posts (both positive and  negative)
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