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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1164565 times)
Thul
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October 28, 2018, 10:48:15 PM
 #20701

Drop the name [...]
The label is the first impression a product makes. It unconsciously produces either rejection or approval.  In connection with bite ball black bites, I have increasingly experienced the former.
Later enquiries resulted in "no trust". Of course, none of them has been more closely involved with the project. The first impression (label) was negative.
Alternative suggestions on the part of the customers were Litecoin and Monero.

A suitable label in connection with the possibility to get the currency (bites/black bites) directly in exchange for Fiat (=> BISQ) would surely please some customers very much.
Of course there has to be a market platform that accepts this currency.

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October 29, 2018, 07:26:48 AM
 #20702


2 tps... blockchain... they know the shit, users can buy anything they want with bitcoins!
When they will accept balls? Hey marketing where are you? Give them a DAG. When real adoption? Steem bots is not adoption, real users need merchants!
Drop the name and stupid retweeting your own tweets. Do real job!
Theres the pineapple idiot I know! Welcome back dude your other personality stinks.

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October 29, 2018, 09:14:42 AM
 #20703

https://busy.org/@barborrico/witnesses-in-byteball

Vote for Rogier!

Let there be light!
pineapple express
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October 29, 2018, 10:29:29 AM
 #20704

The community is inert. Most likely Rogier will remain with 5-20% support and it will be impossible to change the next witness. Decentralization failed again Cry
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October 29, 2018, 10:47:20 AM
Last edit: October 29, 2018, 08:04:07 PM by barborrico
 #20705

The community is inert. Most likely Rogier will remain with 5-20% support and it will be impossible to change the next witness. Decentralization failed again Cry

No, it is not.

Trust is something very hard to gain but very easy to lose.

This means that, in the case of witness misbehavior, network will act fast changing it.
But if it works with the actual witnesses, why change it? The average Joe will see witnesses list on the wallet and will think "Oh, some kind of internal config, probably I must not touch".

Do not bring Mr Hyde again plz

Let there be light!
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October 29, 2018, 10:54:22 AM
 #20706

The community is inert. Most likely Rogier will remain with 5-20% support and it will be impossible to change the next witness. Decentralization failed again Cry

almost all projects are now. it seems that we are doing a great thing, but somehow it turns out again and guys 1% controls all the rest 99%. what Satoshi warned about is happening all the time. as soon as there are people whom everyone knows they can be manipulated. probably only when the developers are hiding, they will be able to implement all their plans correctly.
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October 29, 2018, 12:16:15 PM
 #20707

Byte is going to stay, is too fundamental.

Snowbyte
Flatbyte
Rollbyte
Linkbyte
Jointbyte  Wink
Ballbyte lol

or my favs:
Witnessbyte
Witbyte<- seriously, I would choose it

Another thing is the pair name/currency.

If you put Byte first, bytes will be the currency.

If you put Byte last, name could be the currency.

For instance:
bytesnow-> byte currency, bytesnow name -> I don't like it, too complex. Also, to me, bytesnow as a currency which represent 1 byte sounds way bad.
snowbyte-> snowbyte currency, snowbyte name -> better


witbyte is dreadful I mean byteball is 100X better than that already.

I don't think the name is that bad but of course 1 word names are a fav with most people. Nano, dash etc.

I'm sure if TonyCh even allows for the possibility for a name change we can do far better as a community than that list.

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October 29, 2018, 01:32:16 PM
 #20708

Byteball has been under my radar for my portfolio since April this year.
Honestly, I bought 5 GBYTE for my portfolio and will not sell all of them at the moment.

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.

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October 29, 2018, 02:30:20 PM
 #20709

The Byteball team is making progress - very good! The videos about the first witness and generally the team are good. Nevertheless, attention should be paid to the quality of video content. Stoning or music in the background are just not professional.

In my spare time, I think a lot about byteball and possible improvements. Here are some suggestions:

Airdrop lottery
An official raffle could take place via a chatbot. In order not to exploit the system existing Bytes would have to be linked again. The more Bytes are linked, the more lots will be allocated. As a price, at least a relevant amount of min. 10K or better 25K USD should be distributed. I will not raise any acquaintances for a $ 100 profit.

bytes
I have played a lot with the existing chatbots and come across the problem of the unit "Byte". Constantly you have to switch between MB, GB and Byte. That is impractical. It sucks. Even if you put your wallet on a specific unit, then the chatbot may use another unit and you have to convert again. Bitcoin also has its pennies with Satoshis. We also need these byteball pennies for byteball. The best way to do this is to give it a new name to avoid confusion with other technical units (such as RAM).

I would appreciate any feedback.
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October 29, 2018, 02:54:33 PM
 #20710

Airdrop lottery
An official raffle could take place via a chatbot. In order not to exploit the system existing Bytes would have to be linked again. The more Bytes are linked, the more lots will be allocated. As a price, at least a relevant amount of min. 10K or better 25K USD should be distributed. I will not raise any acquaintances for a $ 100 profit.
The project should attract people who use this currency sensibly: To buy goods and services.
A lottery only causes the winner to exchange his winnings for Fiat at the best opportunity.
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October 29, 2018, 03:55:58 PM
Last edit: October 29, 2018, 04:07:54 PM by tarmo888
 #20711

Airdrop lottery
An official raffle could take place via a chatbot. In order not to exploit the system existing Bytes would have to be linked again. The more Bytes are linked, the more lots will be allocated. As a price, at least a relevant amount of min. 10K or better 25K USD should be distributed. I will not raise any acquaintances for a $ 100 profit.

There is already a lottery on Byteball https://lucky.byte-ball.com/
So, I am not sure why there would need to be an official one because that would not go with the idea of "fair distribution".

bytes
I have played a lot with the existing chatbots and come across the problem of the unit "Byte". Constantly you have to switch between MB, GB and Byte. That is impractical. It sucks. Even if you put your wallet on a specific unit, then the chatbot may use another unit and you have to convert again. Bitcoin also has its pennies with Satoshis. We also need these byteball pennies for byteball. The best way to do this is to give it a new name to avoid confusion with other technical units (such as RAM).

I am not aware any bots where you would need to constantly switch between all 4 unit sizes, usually it is MB, in some other cases it is GB. Also, with bots, you actually don't need ever switch between unit sizes because wallet does that for you by sending a payment link in exact value it needs, so if the bot asks you GB or just Bytes then it doesn't matter if your wallet is set to MB. Only time when you need to switch between unit sizes is when you are doing the payment manually and somebody asked you amount in units that you wallet is not set.

So, it is little bit confusing, you say they suck, but at the same time you suggest that there indeed needs to be more that one unit size, only difference is that you suggest that there should be 2? Isn't Gigabyte and megabyte understandably bigger than just bytes? What confusion is there with RAM (that is the whole idea of bytes)? It would be great if the users even know anything about RAM because then GB and MB already makes lot more sense to them than bitcoins and satoshis. How should beginners know, which is bigger? Coins are usually the most valueless amounts in fiat and fiat usually has the notable persons on the most valuable paper notes, yet in this case, it is opposite. https://en.wikipedia.org/wiki/It%27s_All_About_the_Benjamins
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October 29, 2018, 08:33:04 PM
 #20712

Airdrop lottery
An official raffle could take place via a chatbot. In order not to exploit the system existing Bytes would have to be linked again. The more Bytes are linked, the more lots will be allocated. As a price, at least a relevant amount of min. 10K or better 25K USD should be distributed. I will not raise any acquaintances for a $ 100 profit.
The project should attract people who use this currency sensibly: To buy goods and services.
A lottery only causes the winner to exchange his winnings for Fiat at the best opportunity.


Ok, maybe I should explain the idea of the AirDrop lottery again:

There is no fair distribution. There will always be people who get something or even get more and others get nothing. So the goal of the distribution is not fairness. The goal must be - with the resources available - to reach as many people as possible. With a weekly raffle of $ 25K from the official team, attention could be generated for many months at a much lower cost than previous Airdrops. By the height of the possible profit new users are attracted. A 25K USD profit is a life-changing event. This makes the rounds. Next you need bytes in the wallet for the lottery. Saving bytes (linking, not spending, like the existing lottery - just linking!) to the raffle could stimulate the market and raise prices. Nothing attracts more new people in the crypto universe, like rising prices! This is how the crypto market works (unfortunately). I think the topic of mass adaptation in the crypto world is only about the widest possible number of users. There must be many users and only then come the shops. Not the other way around. Therefore, the goal must be to get as many people on the platform as possible.

Calculation example: Even with the currently low byte price 600 raffles could be made with the remaining distribution fund paying a 25,000 USD profit each. Such a weekly raffle would be possible for years. Of course it makes no sense to do this for years, the example is only to show how long you can operate with the Fund such an Airdrop lottery.
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October 29, 2018, 08:37:53 PM
Merited by altcoinb (1)
 #20713

Airdrop lottery
An official raffle could take place via a chatbot. In order not to exploit the system existing Bytes would have to be linked again. The more Bytes are linked, the more lots will be allocated. As a price, at least a relevant amount of min. 10K or better 25K USD should be distributed. I will not raise any acquaintances for a $ 100 profit.

There is already a lottery on Byteball https://lucky.byte-ball.com/
So, I am not sure why there would need to be an official one because that would not go with the idea of "fair distribution".

bytes
I have played a lot with the existing chatbots and come across the problem of the unit "Byte". Constantly you have to switch between MB, GB and Byte. That is impractical. It sucks. Even if you put your wallet on a specific unit, then the chatbot may use another unit and you have to convert again. Bitcoin also has its pennies with Satoshis. We also need these byteball pennies for byteball. The best way to do this is to give it a new name to avoid confusion with other technical units (such as RAM).

I am not aware any bots where you would need to constantly switch between all 4 unit sizes, usually it is MB, in some other cases it is GB. Also, with bots, you actually don't need ever switch between unit sizes because wallet does that for you by sending a payment link in exact value it needs, so if the bot asks you GB or just Bytes then it doesn't matter if your wallet is set to MB. Only time when you need to switch between unit sizes is when you are doing the payment manually and somebody asked you amount in units that you wallet is not set.

So, it is little bit confusing, you say they suck, but at the same time you suggest that there indeed needs to be more that one unit size, only difference is that you suggest that there should be 2? Isn't Gigabyte and megabyte understandably bigger than just bytes? What confusion is there with RAM (that is the whole idea of bytes)? It would be great if the users even know anything about RAM because then GB and MB already makes lot more sense to them than bitcoins and satoshis. How should beginners know, which is bigger? Coins are usually the most valueless amounts in fiat and fiat usually has the notable persons on the most valuable paper notes, yet in this case, it is opposite. https://en.wikipedia.org/wiki/It%27s_All_About_the_Benjamins


Thanks for your feedback. I want to add something:

Airdrop Lottery
Of course, I know this lottery. But I'm talking about an Airdrop distribution and new users. With the existing Smart Contract lottery you also have to spend bytes to participate. My suggestion is to link the bytes only. In addition, the profit in the existing lottery is far too low to ensure a new spread, since it consists only of the deposits of users. My suggestion is to use the Distribution Fund.

Bytes vs. Dollar / penny
You have to do it as easy as possible. How do you make it easy for people? By giving you something that you already know. People know dollars and cents. You know euros and cents. I mean people know a main and a small unit. This has already worked for Bitcoin. There are many decimal places at Bitcoin and the Satoshis are the cents. Everyone gets it right the first time. We would first have to explain the gigadollar or megaeuro. Of course, this would be a far-reaching change, as many system components need to be rewritten. But if, why not now? Currencies have produced similar units for centuries: a main unit and a penny unit. At the beginning, I also thought that gigabytes, megabytes and bytes would actually be quite elegant, but in reality you force people to use a computer format.
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October 29, 2018, 09:51:02 PM
 #20714

I really like the lottery! It would show how easy smart contracts works, it would incite people to buy some bytes, and it would create a buzz. But only if the price is big enough.

Great idea!

=P
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October 29, 2018, 09:54:50 PM
Last edit: October 29, 2018, 10:18:57 PM by tarmo888
 #20715

Airdrop lottery
An official raffle could take place via a chatbot. In order not to exploit the system existing Bytes would have to be linked again. The more Bytes are linked, the more lots will be allocated. As a price, at least a relevant amount of min. 10K or better 25K USD should be distributed. I will not raise any acquaintances for a $ 100 profit.

There is already a lottery on Byteball https://lucky.byte-ball.com/
So, I am not sure why there would need to be an official one because that would not go with the idea of "fair distribution".

bytes
I have played a lot with the existing chatbots and come across the problem of the unit "Byte". Constantly you have to switch between MB, GB and Byte. That is impractical. It sucks. Even if you put your wallet on a specific unit, then the chatbot may use another unit and you have to convert again. Bitcoin also has its pennies with Satoshis. We also need these byteball pennies for byteball. The best way to do this is to give it a new name to avoid confusion with other technical units (such as RAM).

I am not aware any bots where you would need to constantly switch between all 4 unit sizes, usually it is MB, in some other cases it is GB. Also, with bots, you actually don't need ever switch between unit sizes because wallet does that for you by sending a payment link in exact value it needs, so if the bot asks you GB or just Bytes then it doesn't matter if your wallet is set to MB. Only time when you need to switch between unit sizes is when you are doing the payment manually and somebody asked you amount in units that you wallet is not set.

So, it is little bit confusing, you say they suck, but at the same time you suggest that there indeed needs to be more that one unit size, only difference is that you suggest that there should be 2? Isn't Gigabyte and megabyte understandably bigger than just bytes? What confusion is there with RAM (that is the whole idea of bytes)? It would be great if the users even know anything about RAM because then GB and MB already makes lot more sense to them than bitcoins and satoshis. How should beginners know, which is bigger? Coins are usually the most valueless amounts in fiat and fiat usually has the notable persons on the most valuable paper notes, yet in this case, it is opposite. https://en.wikipedia.org/wiki/It%27s_All_About_the_Benjamins


Thanks for your feedback. I want to add something:

Airdrop Lottery
Of course, I know this lottery. But I'm talking about an Airdrop distribution and new users. With the existing Smart Contract lottery you also have to spend bytes to participate. My suggestion is to link the bytes only. In addition, the profit in the existing lottery is far too low to ensure a new spread, since it consists only of the deposits of users. My suggestion is to use the Distribution Fund.

Bytes vs. Dollar / penny
You have to do it as easy as possible. How do you make it easy for people? By giving you something that you already know. People know dollars and cents. You know euros and cents. I mean people know a main and a small unit. This has already worked for Bitcoin. There are many decimal places at Bitcoin and the Satoshis are the cents. Everyone gets it right the first time. We would first have to explain the gigadollar or megaeuro. Of course, this would be a far-reaching change, as many system components need to be rewritten. But if, why not now? Currencies have produced similar units for centuries: a main unit and a penny unit. At the beginning, I also thought that gigabytes, megabytes and bytes would actually be quite elegant, but in reality you force people to use a computer format.

But, the goal of initial distribution is not making some lucky guy rich, the goal is to be a fair initial distribution. So, as many as possible people (especially non-existing cryptocurrency users) will get some bytes. Lottery just makes very few people extremely rich and some linking system is very similar to the same system that airdrop to Bitcoin users already was, including people who already have bytes, not new users https://byteball.org/#dist

You are explaining the exactly the opposite. Yes, everybody knows that Dollar and Euro is bigger than cent or penny, but new users don't know that Bitcoin is bigger than satoshi, they need to learn it first and it is confusing because in real world, coins (metal money) are smaller units than paper money and because more notable people (Benjamin Franklin) are on higher paper money notes. So, if new users have heard Bitcoin and Satoshi Nakamoto then first impression is opposite - Bitcoin seems small unit because it is coin and Satoshi seems big unit because it is notable person (like on paper note). And no, there is not many system components that need to be rewritten, on background Byteball uses Bytes everywhere, kilobyte/megabyte/gigabyte is just a way how to show ridiculously big byte values in comfortable format that makes sense for the user, so instead of displaying 100 000 000 bytes, it can be displayed as 100MB. There is nothing bad about computer format, it is universal, even Google can help you calculate it https://www.google.com/search?q=100000000+bytes+to+megabyte

If Bitcoin/Satoshi makes sense to you, but Byte/KiloByte/MegaByte/GigaByte doesn't then you have misunderstood something. Bitcoin and many other cryptocurrencies, the amount you have them, doesn't relate to what you can do with them, the value in them is constantly changing. On Byteball, 1MB means that you can do transactions or store data that takes 1MB of space on DAG database.
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October 30, 2018, 01:11:55 AM
 #20716

I really like the lottery! It would show how easy smart contracts works, it would incite people to buy some bytes, and it would create a buzz. But only if the price is big enough.

Great idea!


Yes, I agree a lottery is a great idea, and has appeal outside current crypto users.
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October 30, 2018, 03:16:19 AM
 #20717

Bytes vs. Dollar / penny
You have to do it as easy as possible. How do you make it easy for people? By giving you something that you already know. People know dollars and cents. You know euros and cents. I mean people know a main and a small unit. This has already worked for Bitcoin. There are many decimal places at Bitcoin and the Satoshis are the cents. Everyone gets it right the first time. We would first have to explain the gigadollar or megaeuro. Of course, this would be a far-reaching change, as many system components need to be rewritten. But if, why not now? Currencies have produced similar units for centuries: a main unit and a penny unit. At the beginning, I also thought that gigabytes, megabytes and bytes would actually be quite elegant, but in reality you force people to use a computer format.

thought very well.
most people turn off brain, if computer language come into the conversation
or they are difficult to understand.

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October 30, 2018, 04:07:49 AM
 #20718

I really like the lottery! It would show how easy smart contracts works, it would incite people to buy some bytes, and it would create a buzz. But only if the price is big enough.

Great idea!


Yes, I agree a lottery is a great idea, and has appeal outside current crypto users.

Lottery has always been a good idea to "attract" people - or new users. It also allows the platform to showcase how easy smart contracts work.
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October 30, 2018, 04:19:49 AM
 #20719

I really like the lottery! It would show how easy smart contracts works, it would incite people to buy some bytes, and it would create a buzz. But only if the price is big enough.

Great idea!


Yes, I agree a lottery is a great idea, and has appeal outside current crypto users.

Lottery has always been a good idea to "attract" people - or new users. It also allows the platform to showcase how easy smart contracts work.

At first view the lottery idea to be good.
but in the second view very bad. all winners dump the bytes.
the undistributed bytes determine the future of byteball.

The real name verification and the reward (with voucher codes) is the key!
Not online, but offline Cheesy
the community will be grow.

we need only patience...
or better say, we must spread the word!!

20,00$ is a lot of money and 400 MB is much more  Cool

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October 30, 2018, 09:24:23 AM
 #20720

[...] we must spread the word!!
Yes, as soon as you can buy something for it in a suitable market.

If you go another way you accumulate the existing bite ball units only among the few believing bite ball fanboys and Fiat greedy speculators.
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