Obyte: Totally new consensus algorithm + private untraceable payments

[Thul]

[...]
If you are the new spokesman for byteball then this is a step back from Tonych just ignoring valid points.
[...]

A dictatorial leader naturally runs a dictatorial regime.
That the members of the team are as they are is certainly no coincidence.

Contradiction is punished.
Too bad that it doesn't work in bitcointalk...

[CryptoRobert]

The Byteball ICO website will be launching shortly.

But just to clarify: it's a website to better showcase how the Byteball platform is ideal for running an ICO. Byteball will not be having its own ICO!

That's really awesome. Now that the ICOs have fallen into disrepute worldwide. 

Well, what's in deep crisis is the whole Ethereum-based ICO projects compartment, as every ICO team is dumping ETH to get the FIAT they need for running their projects and this is crashing ETH's price which in turn is crashing their tokens' price in a never ending vicious circle.
ICOs which were held on other platforms (like Smartlands which was held on Stellar) are now in a better condition. Therefore, it could be in fact a good moment to come out with the Byteball ICO website - now that Ethereum is declining perhaps the market is ready for other platforms, and while ETH is quite likely to continue to slide (taking down its token with it), Byteball is quite likely to have bottomed or to be near bottom, and therefore has so much more upside potential than Ethereum, since total cap is now sooo much lower. It goes without saying that such an upside potential for Byteball implies also a huge upside potential for the tokens which will be created on Byteball's platform. This aspect is something which perhaps should be outlined in the upcoming website.

[CryptoUnicornRider]

Propagandists are really boring and their choice of words reveal the origin of their prose.

[PinchClock]

There are now over 1,000 active WCG contributors! Join us at: https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=R1RD1XTFK92

[Thul]

Almost all Altcoin projects are in a deep crisis.
Of course, this should not be surprising. What use, apart from speculation, do they have?

ICOs generally have a bad reputation. The media have already taken care of that. An ordinary outsider does not distinguish between ETH & Co.

All projects should finally take care of the increase in demand, and that starts at the beginning: Direct exchange of Fiat <=> Crypto, integrated into the own app . - BISQ is showing the way.

Am I actually the only one here who sells real goods against Crypto and therefore knows the wishes of his customers, probably because I also ask?

[Thul]

Regulated markets do not want crypto.
Unregulated markets do not want Fiat.

Where does bite ball orient itself?
That's right. Towards the regulated markets. 

[Thul]

A turnaround is not yet in sight.

"Historical index for the Byteball Bytes price prediction: D
[..]
Byteball Bytes price equal to 45.329 USD at 2018-11-03, but your current investment may be devalued in the future."

https://walletinvestor.com/forecast/byteball-bytes-prediction

The development of prices is an indicator of demand. Without a fundamental basis there is no demand, and speculators have no interest at the moment.

[tarmo888]

You simply need a leadership who can bring the plenty around to their way of thinking. On the deeper technical aspects it is not essential the plenty understand what is beyond their scope. However on other more straight forward matters discussion is required to build a strong community. Without that then it is highly unlikely you will get the network effect required to become relevant here. When a community feels it is ignored it will move away to other projects.

I like tony and he seems very honest and hardworking. He should employ a good community manager whom can interface with him and the community.

I wish that would be true, but unfortunately people have not moved on, they still whine here on Bitcointalk, every day is like film Groundhog Day.

Byteball has nice community in Slack and Reddit where FUDers get banned or downvoted, only Bitcointalk is the only one that is still toxic and full of people who have not moved on.

It is impossible to read any announcements here because these posts get buried with constant whining about something that happened 10 months ago.

What you wish is of no matter to the project really. What the majority wish for is far more important.

When a significant proportion of the community are asking for things that are ignored without a debate then that is damaging to the community.

The fact you are wishing for the community to leave for other projects because they are disturbed by the fact tony does not listen to the very reasonable requests of many here and will not even offer debate is a sign that you are not suitable to interact as the community manager. In fact with this attitude I would say your connection to the project is very damaging.

When people brand things as FUD when they are actually  observable events where they demonstrate that the team fucked up you know there is an issue.

Bitcointalk is a place where you can't downvote and silence people that easily.

I see no FUD in what I presented to you. Let's hear your side. I await with interest when people want to convince others that presenting observable events is FUD.


If you are the new spokesman for byteball then this is a step back from Tonych just ignoring valid points.

Whining ... I hear this word a lot when those making poor decisions are explaining to investors why they must pay for their gross errors of judgment.

Noob trash, even coders have no experience with bitcointalk's community and if you are thinking you can leave and build echo chambers and circle jerk each other off and build a network effect anything like you can at bitcointalk you are again wrong. This is the jumping ground for new crypto investors. So master building a community here or whither and die elsewhere.

DAG is not the buzz term it once was so byteball will have to actually out perform other projects in real functional terms to get ahead now.

If you really are part of the byteball team you need to realise your comments are here for good and therefore it is best not to put the byteball team in a bad light.

I think you missed the semantics of what people usually mean by saying "I wish that what you say would be true", so you don't have to explain me the majority wish, that was not the point of that sentence.

I am not sure why you trying to pin the community manager role on me, I have never said that I have this role, I am just a developer and these are my personal opinions.

Maybe you don't see a Byteball community managers here on Bitcointalk because they find it hopeless to have any serious discussions here, where everybody just shouts out their opinions how things should be done, over and over again. It could be also because Bitcointalk lacks proper moderation like Reddit has.

And here is what you get totally wrong: Byteball team does listen (community has forced it to hire a branding agency), but community wishes are not commands, so you can't say that they should do this or that, and everything is not up for debate. If you are suggesting something that changes the fundamentals of this coin then you are always free to fork it. There are already some forks of Byteball andt this is same for other projects as well, if you don't like Bitcoin ASICs, you fork it and make it ASIC-resistant.

Same way with Bitcoin, if you start telling that Bitcoin should use micro-Bitcoin instead of Bitcoin because BTC looks too expensive, nobody will take you seriously. Nice idea, but no go. If you build your own service that handles Bitcoin, you are free to use whatever units you want, same way with Byteball - on bots it is whatever the developer thinks makes sense, but on exchanges it's GBYTE.

[cybterpunk]

it's a pity, i hope the Project can survive.

[Thul]

it's a pity, i hope the Project can survive.

If everyone is just waiting for the next mischief of the regime, that certainly won't happen.

Moving the Alps to the North Sea is certainly an impressive achievement, but what is the benefit?

Ask your neighborhood why they are not interested in Cryptos and analyze the reactions.

[CryptoRobert]

Ask your neighborhood why they are not interested in Cryptos and analyze the reactions.

You should also remember to ask your neighbothood what they think about crypto once the financial market will have crashed worse than 2008 - as it surely will, and they will have lost their beloved FIAT money. I see many people now saying Byteball (as all of crypto) have no real world use. That's quite true... for now. But don't forget why Bitcoin was allegedly created in the first place: to create a form of money which would not disappear by magic as FIAT money DID disappear and in big quantities in 2008.
We're now just setting the foundations for the future. And compared to other coins Byteball's tech is outstanding in this process.

[phanphanphuyen]

There is room for a good 20 -50 x from here on the next bull if a few things are sorted out before then.
It is way below value right now.

It is obviously that GBYTE has been undervalued, highly undervalued by now.
Nevertheless, 20-50x profits from current price, really?
Your forecast almost blow my mind away. 

[boomboom]

There is room for a good 20 -50 x from here on the next bull if a few things are sorted out before then.
It is way below value right now.

It is obviously that GBYTE has been undervalued, highly undervalued by now.
Nevertheless, 20-50x profits from current price, really?
Your forecast almost blow my mind away. 

Once the distribution is finished x20 is very likely, if it was via the original plan of moon airdrop x50 would be possible. The uncertainty over the distribution with so much still in dev control is a huge negative on the market.

[Thul]

Ask your neighborhood why they are not interested in Cryptos and analyze the reactions.

You should also remember to ask your neighbothood what they think about crypto once the financial market will have crashed worse than 2008 - as it surely will, and they will have lost their beloved FIAT money. I see many people now saying Byteball (as all of crypto) have no real world use. That's quite true... for now. But don't forget why Bitcoin was allegedly created in the first place: to create a form of money which would not disappear by magic as FIAT money DID disappear and in big quantities in 2008.
We're now just setting the foundations for the future. And compared to other coins Byteball's tech is outstanding in this process.

Who exactly is the bite balls target group?
Mine, i.e. the producer and trader at least not. As a result, not the consumers either.

My customers pay with Bitcoin. The customers of others especially with Monero. The latter in particular is becoming increasingly important. Monero has the highest turnover on BISQ.

When Fiat crashes also the regulated markets crash.
The already exponentially growing unregulated market will then gain enormous popularity and correspondingly the currencies that dominate this market, mainly because there is an infrastructure for it.

So who should be interested in bite ball?

[CryptoRobert]

Ask your neighborhood why they are not interested in Cryptos and analyze the reactions.

You should also remember to ask your neighbothood what they think about crypto once the financial market will have crashed worse than 2008 - as it surely will, and they will have lost their beloved FIAT money. I see many people now saying Byteball (as all of crypto) have no real world use. That's quite true... for now. But don't forget why Bitcoin was allegedly created in the first place: to create a form of money which would not disappear by magic as FIAT money DID disappear and in big quantities in 2008.
We're now just setting the foundations for the future. And compared to other coins Byteball's tech is outstanding in this process.

Who exactly is the bite balls target group?
Mine, i.e. the producer and trader at least not. As a result, not the consumers either.

My customers pay with Bitcoin. The customers of others especially with Monero. The latter in particular is becoming increasingly important. Monero has the highest turnover on BISQ.

When Fiat crashes also the regulated markets crash.
The already exponentially growing unregulated market will then gain enormous popularity and correspondingly the currencies that dominate this market, mainly because there is an infrastructure for it.

So who should be interested in bite ball?

We will see. No real predictions can be made for the day FIAT will crash. We'll then enter a stage of extreme chaos and therefore total unpredictibility. It's reasonable to think that the easiest to use coins will at that point eventually get sudden adoption by those unable to deal with more complicate coins and thrive. I find Byteball one of the most easy to use around, even though that aspect still can improved.

[tarmo888]

There is room for a good 20 -50 x from here on the next bull if a few things are sorted out before then.
It is way below value right now.

It is obviously that GBYTE has been undervalued, highly undervalued by now.
Nevertheless, 20-50x profits from current price, really?
Your forecast almost blow my mind away.  

Once the distribution is finished x20 is very likely, if it was via the original plan of moon airdrop x50 would be possible. The uncertainty over the distribution with so much still in dev control is a huge negative on the market.

Can you even specify how much is that "so much"? Are we waiting Bitcoin also to finish their distribution, so it could moon? How much Bitcoin is still to be distributed? Something like 18%?

In reality, 67% of bytes has been already distributed (most of that to Bitcoin holders). 1% goes to founder and 10% to Byteball Foundation (development and marketing) - this makes that 22% is still left to distribute. It is not that much and it is not that different than Bitcoin. Only difference is that Byteball tries to distribute it fairly, but Bitcoin basically distributes to those already rich guys who have the most computing power.
https://medium.com/byteball/the-future-of-byteball-the-byteball-foundation-cca9d495bf46

Not everything is under dev control either, for example, community fund is in 3-of-4 multisig wallet https://wiki.byteball.org/Byteball_community_fund#Security

Maybe if we stop spreading FUD then the price wouldn't drop so much. Byteball has this weird community who basically sabotages itself all the time by speaking ill about their own investment. Sometimes it feels like most people here just wishes that the price would drop even more.

[Thul]

Ask your neighborhood why they are not interested in Cryptos and analyze the reactions.

You should also remember to ask your neighbothood what they think about crypto once the financial market will have crashed worse than 2008 - as it surely will, and they will have lost their beloved FIAT money. I see many people now saying Byteball (as all of crypto) have no real world use. That's quite true... for now. But don't forget why Bitcoin was allegedly created in the first place: to create a form of money which would not disappear by magic as FIAT money DID disappear and in big quantities in 2008.
We're now just setting the foundations for the future. And compared to other coins Byteball's tech is outstanding in this process.

Who exactly is the bite balls target group?
Mine, i.e. the producer and trader at least not. As a result, not the consumers either.

My customers pay with Bitcoin. The customers of others especially with Monero. The latter in particular is becoming increasingly important. Monero has the highest turnover on BISQ.

When Fiat crashes also the regulated markets crash.
The already exponentially growing unregulated market will then gain enormous popularity and correspondingly the currencies that dominate this market, mainly because there is an infrastructure for it.

So who should be interested in bite ball?

We will see. No real predictions can be made for the day FIAT will crash. We'll then enter a stage of extreme chaos and therefore total unpredictibility. It's reasonable to think that the easiest to use coins will at that point eventually get sudden adoption by those unable to deal with more complicate coins and thrive. I find Byteball one of the most easy to use around, even though that aspect still can improved.

This consideration has more to do with religion (hope and believe) than with facts.
Depending on the wallet, the use of Bitcoin may not be more complicated. - But here there are clear, prominent features:
They trade Fiat directly for Bitcoin. Why? Because it is possible.
You exchange Bitcoin for goods and services. Why? Because there is a growing infrastructure for it.

None of this can be offered by bite ball. Worse still: The bite ball regime has so far consistently ignored the naming of both factors. Rather one deals there with the development of useless nonsense.

Consequence: Although technically better it will undoubtedly sink in the flood of other Altcoins, simply because the benefit is missing or cannot be convincingly conveyed. The demand is missing, and with a dumb distribution policy it is not increased either.

[pineapple express]

Only difference is that Byteball tries to distribute it fairly, but Bitcoin basically distributes to those already rich guys who have the most computing power.

Is it not fair that the person who made risky investments in mining made the right bet and is now rich, while the average tarmo888 spent his savings on cakes, apartment renovation, a deposit in a bank and now he envies to miners? Are you one of those communists who believe that justice is when a lazy idiot and a talented entrepreneur own an equal share of wealth?

[altcoinb]

This consideration has more to do with religion (hope and believe) than with facts.
Depending on the wallet, the use of Bitcoin may not be more complicated. - But here there are clear, prominent features:
They trade Fiat directly for Bitcoin. Why? Because it is possible.
You exchange Bitcoin for goods and services. Why? Because there is a growing infrastructure for it.

None of this can be offered by bite ball. Worse still: The bite ball regime has so far consistently ignored the naming of both factors. Rather one deals there with the development of useless nonsense.

Consequence: Although technically better it will undoubtedly sink in the flood of other Altcoins, simply because the benefit is missing or cannot be convincingly conveyed. The demand is missing, and with a dumb distribution policy it is not increased either.

that's all right, bitcoin have the biggest infrastructure and the most famous.
but maybe is not for all time. You know the story of netscape, lycos, yahoo, altabista, fireball and co?
The infrastructure is very fast change to a other coin.
If tomorrow litecoin is the favorite for all, how much time they need to change?

Something bothers me:
You are right in many points, but he depends on the tone.
You say we are not enough objectively and you use words like "The bite ball regime", why?

Come on, we discuss factually. Criticism is important, but your point of view all altcoins are shit.
If Byteball have the same growing infrastructure, who win the race? (just a mind game)
With Litecoin, Ethereum, Monero whatever the same, DOGE too  

*Indeed the bitcoin lightning network kill in the future many alts.

Happy sunday to you all!!

[tarmo888]

Only difference is that Byteball tries to distribute it fairly, but Bitcoin basically distributes to those already rich guys who have the most computing power.

Is it not fair that the person who made risky investments in mining made the right bet and is now rich, while the average tarmo888 spent his savings on cakes, apartment renovation, a deposit in a bank and now he envies to miners? Are you one of those communists who believe that justice is when a lazy idiot and a talented entrepreneur own an equal share of wealth?

I don't envy miners because I wouldn't want to be one. I am talking about what is the goal of Byteball distribution, which is fair distribution and mass adoption - as many as possible should get some bytes. You are confusing Byteball with lottery where the ones who risked the most might win the most.

And Google communism, you don't understand what is communism, you use that word just to offend other people. Communism is not about lazy idiot and a tallented entrepreneur having equal share of wealth. Maybe you will learn something about socialism too, but Byteball is not socialism either - Byteball distribution is not a redistribution of wealth, it is just initial distribution of coins, to get this thing started.

Also, Google a word "fair", it means "treating people equally without favouritism or discrimination", so only one distribution method is not fair. To be fair, there needs to be as many as possible distribution methods. Also, distributing to early Bitcoin holders is not fair because they got those long time ago when the price was much cheaper. Basically, distributing to Bitcoin holders limits the number of people who could get the bytes and rewards heavenly very early Bitcoin investors.

It is kind of amazing that this is still not understood, even when almost a year has past, everybody just thinks about their own ass, how to acquire as many bytes as possible.