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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216911 times)
Thul
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November 05, 2018, 02:47:19 PM
 #20801

Twitter (retweetet):
"So far my Smart Voucher gave me 40% ROI, yes you read that right: 40%. Also want to make money by introducing people to the easiest to use crypto platform in existence? Read this article to find out how. ..."

That's what bite ball fanboys want: "to make money". - Of course $, €, ... Roll Eyes

It only increases speculation, but not use and certainly not adoption.

And where do the sold bites finally accumulate?
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November 05, 2018, 02:52:38 PM
 #20802

Quote
this makes that 22% is still left to distribute. 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.
meanwhile Max Kordek ceo of lisk own the biggest individual byterbal wallet Cheesy

seriously, do you see how to get a link to see their wallet or one of them from Max Kordek, I know about the LISK project, I think it is also good news when many big people hold BYTEBALL too
https://explorer.byteball.org/#XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B?asset=bytes  62242 gbyte.
https://blog.lisk.io/financial-report-2016-7e68cdd13b12
oh, thank you for your link information, I have recalled that after some time I have seen the ICO LISK proceeds to get a free byteball distribution by holding BTC, I think it is not only LISK that there are even some other ICO holders participating to claim this byteball distribution

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tarmo888
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November 05, 2018, 03:44:31 PM
 #20803

Twitter (retweetet):
"So far my Smart Voucher gave me 40% ROI, yes you read that right: 40%. Also want to make money by introducing people to the easiest to use crypto platform in existence? Read this article to find out how. ..."

That's what bite ball fanboys want: "to make money". - Of course $, €, ... Roll Eyes

It only increases speculation, but not use and certainly not adoption.

And where do the sold bites finally accumulate?

Isn't that what everybody wants? An additonal revenue stream besides their daytime-job?

Why do you want that blackbytes marketplaces for? For selling illegal crap below market value? 😂
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November 05, 2018, 04:01:01 PM
 #20804

Not to beat a dead house, but this whole emphasis on "fair distribution" by tarmo and shit talking about Bitcoin is laughable.

You know what's not fair? Announcing a distribution schedule and mechanism, then pulling the rug out from under it two or three times - first cancelling BTC air drops, then delaying Bytes drops, and finally abandoning the original distribution mechanism completely.

You know what else isn't fair? Dribbling out coins to people that have access to shit loads of crappy CPUs (WCG) and account farmers on steem. That's really unfair to me as I only have like five computing devices and think steem is a swamp of shit tier content born out of a scam.

You know what is fair? Announcing a distribution mechanism and schedule and standing by it like it's etched in stone. In ten years Bitcoin hasn't changed its mechanism or schedule at all. You think it would be more "fair" to halt mining and pass out remaining BTC to WCG bot nets and steem lords?

Another one who doesn't know what fair means. Nobody is entitled to get the bytes and if distribution doesn't work then it needs to be fixed, not just continue with a broken one. Bitcoin is laughable, was designed to be decentralized currency, but thanks to a broken distribution system, becomes more centralized with every day. Byteball is moving in other direction, started as centralized and becomes more decentralized every day.

"Bitcoin is laughable"

Posts 800 times per day on bitcointalk...

🤔
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November 05, 2018, 04:16:51 PM
 #20805

Not to beat a dead house, but this whole emphasis on "fair distribution" by tarmo and shit talking about Bitcoin is laughable.

You know what's not fair? Announcing a distribution schedule and mechanism, then pulling the rug out from under it two or three times - first cancelling BTC air drops, then delaying Bytes drops, and finally abandoning the original distribution mechanism completely.

You know what else isn't fair? Dribbling out coins to people that have access to shit loads of crappy CPUs (WCG) and account farmers on steem. That's really unfair to me as I only have like five computing devices and think steem is a swamp of shit tier content born out of a scam.

You know what is fair? Announcing a distribution mechanism and schedule and standing by it like it's etched in stone. In ten years Bitcoin hasn't changed its mechanism or schedule at all. You think it would be more "fair" to halt mining and pass out remaining BTC to WCG bot nets and steem lords?

Another one who doesn't know what fair means. Nobody is entitled to get the bytes and if distribution doesn't work then it needs to be fixed, not just continue with a broken one. Bitcoin is laughable, was designed to be decentralized currency, but thanks to a broken distribution system, becomes more centralized with every day. Byteball is moving in other direction, started as centralized and becomes more decentralized every day.

"Bitcoin is laughable"

Posts 800 times per day on bitcointalk...

🤔

Another one with zero attention span. Do you realize that Bitcointalk is not about only Bitcoins, but about all cryptocurrencies. And this is not a Bitcoin thread, but Byteball thread, where everything gets compared to the big old Bitcoin.
Do you get trigger by single words without understanding the whole sentance?
Didn't you notice that it was a reply using?

What are you guys smoking? I just realized that this could be a reason why you are talking nonsense.
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November 05, 2018, 04:19:29 PM
 #20806



No comments, just quoting for archival purposes because this is internet gold.

So nothing new then.
Thanks for wising up.

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November 05, 2018, 04:37:40 PM
 #20807

So, where are those HODLers now?

Here.

Here

hodler and still buying more now and then.

I invest more just because one of the only persons I know of that has a proven deep knowledge of CC told me that byteball was the one of the only projects that had interested him since bitcoin in a big way.

Tonych knows his stuff and perhaps so do these other ones but these are not people friendly and should be confined to working with machines only.

You need an interface between them and a community of people.


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November 05, 2018, 05:47:27 PM
 #20808

Can anbody tell me what this error message of the Byteball wallet means means and how to solve it?  :  http://
"Uncaught exception: error: message encrypted to unknown key,device 0XU..., len=140. The error might be caused by restoring from an old backup or using the same keys on another device."

This error causes the wallet to immediately close after confirmation so I cannot do anything further now.
Before this error I changed the Hub address from byteball.fr/bb to byteball.org/bb which was used on my mobile phone
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November 05, 2018, 06:00:52 PM
 #20809

Can anbody tell me what this error message of the Byteball wallet means means and how to solve it?  :  
"Uncaught exception: error: message encrypted to unknown key,device 0XU..., len=140. The error might be caused by restoring from an old backup or using the same keys on another device."

This error causes the wallet to immediately close after confirmation so I cannot do anything further now.
Before this error I changed the Hub address from byteball.fr/bb to byteball.org/bb which was used on my mobile phone

Try restarting couple more times, it maybe because you use really old backup or your wallet got somehow out of sync while byteball.fe/hub went down.

If this keeps happening, are you using same backup on multiple devices? You shouldn't, multi-device wallets are for that.

For quicker help from more community members (most active uaers are there, no helpdesk here), please join Slack community and write what exactly you did in #helpdesk channel https://slack.byteball.org
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November 06, 2018, 01:17:13 AM
 #20810

Some food for thought  Grin

The Bitcoin pizza story struggles to compete with this: Byteball is like a magic pizza, each time you split it in two, the calorific value of each new slice is doubled.

https://busy.org/@henric/byteball-a-pizza-for-two-generals
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November 06, 2018, 01:59:48 AM
 #20811

The distro is finished, tony concentrates on dev work ... byteball becomes a shit load more decentralized, adoption is driven by motivated community members (the ones who left and/or became disillusioned when distro rules changed) working with funded foundation.

And that will slow the adoption down even more because instead of getting some bytes for free, users need to go get the bytes from exchange. Right now, they can use many features without having to sign up to any exchange. That's why smart voucher system is great, they can get started with the help of the referrer and get started. They could even attest their identity without any bytes, so they could buy bytes cheaper with credit card. Requiring new users to go to exchanges is not a great plan for adoption. Crypto-fanatics are ok with exchanges, but one day, your parents and relatives won't even know that cryptocurrency had that kind of shitty user experience https://twitter.com/FedericoTenga/status/1058316647289798656

Adoption will increase rapidly when the distro is finished, or byteball will fail ... those are the two possible outcomes.

Tony dribbling out small amounts from the undistributed 22% for years isn't spreading adoption if the vast majority of recipients don't become active users, and most are just mindlessly collecting tiny freebies, and not buying more coins and most won't become regular users.

Adoption will spread when current users who have big holdings and have a vested interest in seeing the project succeed get motivated to start working on adoption, BUT, those guys need certainty from the distro being finished, and no more changes that lower confidence.

Real adoption comes organically from people spreading something they believe in, and changing the original distro plan killed a lot of community belief and enthusiasm.
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November 06, 2018, 07:07:00 AM
 #20812

All these objections lead to nothing. 
The needs of users are obviously still being ignored.
The bite ball dictator prefers to surround himself with submissive courtiers who talk after his mouth.

Fantasy must enter this project again. A roadmap in which the required points would be considered would not only increase the price of the currency but also its value.

At this point, everyone's just disillusioned.

"Byteball Bytes price equal to 45.458 USD at 2018-11-06, but your current investment may be devalued in the future."
https://walletinvestor.com/forecast/byteball-bytes-prediction
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November 06, 2018, 07:17:31 AM
 #20813

The distro is finished, tony concentrates on dev work ... byteball becomes a shit load more decentralized, adoption is driven by motivated community members (the ones who left and/or became disillusioned when distro rules changed) working with funded foundation.

And that will slow the adoption down even more because instead of getting some bytes for free, users need to go get the bytes from exchange. Right now, they can use many features without having to sign up to any exchange. That's why smart voucher system is great, they can get started with the help of the referrer and get started. They could even attest their identity without any bytes, so they could buy bytes cheaper with credit card. Requiring new users to go to exchanges is not a great plan for adoption. Crypto-fanatics are ok with exchanges, but one day, your parents and relatives won't even know that cryptocurrency had that kind of shitty user experience https://twitter.com/FedericoTenga/status/1058316647289798656

Adoption will increase rapidly when the distro is finished, or byteball will fail ... those are the two possible outcomes.

Tony dribbling out small amounts from the undistributed 22% for years isn't spreading adoption if the vast majority of recipients don't become active users, and most are just mindlessly collecting tiny freebies, and not buying more coins and most won't become regular users.

Adoption will spread when current users who have big holdings and have a vested interest in seeing the project succeed get motivated to start working on adoption, BUT, those guys need certainty from the distro being finished, and no more changes that lower confidence.

Real adoption comes organically from people spreading something they believe in, and changing the original distro plan killed a lot of community belief and enthusiasm.

Any examples from real life where this has been the case? Or even in cryptoverse, which coin has suddenly got adoption and still alive because the distro has finished? Does your theory have any base or just a hunch?

Reality is, if the distro is finished and you still don't have adoption by that time then the coin is doomed. And if there is no development fund either then maintance stops too, it gets dropped from exchanges and dies during bear market. Just look what has been common to all the previous Bitcoin forks. Luckily, even that Byteball fucked up (wasted over 50%) with Bitcoin airdrop, they are more forward thinking now.
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November 06, 2018, 08:56:55 AM
 #20814

"All You Need to Know About Decentralized Cryptocurrency Exchange Bisq.Network"
https://btcmanager.com/decentralized-cryptocurrency-exchange-bisq-network/

A "BISQ" integrated into the wallet with bite ball as base currency would be a unique selling point compared to all other projects. One that finally also has a real benefit.

Another group of developers should be working on the programming of a marketplace in parallel.
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November 06, 2018, 09:18:45 AM
 #20815

Twitter (retweetet):
"So far my Smart Voucher gave me 40% ROI, yes you read that right: 40%. Also want to make money by introducing people to the easiest to use crypto platform in existence? Read this article to find out how. ..."

That's what bite ball fanboys want: "to make money". - Of course $, €, ... Roll Eyes

It only increases speculation, but not use and certainly not adoption.

And where do the sold bites finally accumulate?
Rewards in bytes for spread the word and help for real world adoption, perfect stimulation! or not?
People works better with rewards, that's a nature law.
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November 06, 2018, 10:19:29 AM
 #20816

Twitter (retweetet):
"So far my Smart Voucher gave me 40% ROI, yes you read that right: 40%. Also want to make money by introducing people to the easiest to use crypto platform in existence? Read this article to find out how. ..."

That's what bite ball fanboys want: "to make money". - Of course $, €, ... Roll Eyes

It only increases speculation, but not use and certainly not adoption.

And where do the sold bites finally accumulate?
Rewards in bytes for spread the word and help for real world adoption, perfect stimulation! or not?
People works better with rewards, that's a nature law.
Without use case there is no "real world adoption".
Result: The bites are turned into Fiat and the project is forgotten.

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November 06, 2018, 10:45:13 AM
 #20817

Twitter (retweetet):
"So far my Smart Voucher gave me 40% ROI, yes you read that right: 40%. Also want to make money by introducing people to the easiest to use crypto platform in existence? Read this article to find out how. ..."

That's what bite ball fanboys want: "to make money". - Of course $, €, ... Roll Eyes

It only increases speculation, but not use and certainly not adoption.

And where do the sold bites finally accumulate?
Rewards in bytes for spread the word and help for real world adoption, perfect stimulation! or not?
People works better with rewards, that's a nature law.
Without use case there is no "real world adoption".
Result: The bites are turned into Fiat and the project is forgotten.

So, you are basically saying that because there is no blackbytes marketplace to sell shady stuff, there is no use cases? Buying stuff with blackbytes is just one use case, which seems nobody is interested to build a marketplace for. If nobody is interested to build it, why would there be suddenly interest to use it?

There are many other use cases already and more than enough features that support those use cases - what is still missing is real users, we have just bunch of hodlers. Creating a new use case doesn't automatically bring new users same way like burning away whole distribution fund would bring magically user adoption.
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November 06, 2018, 11:42:36 AM
 #20818

Without use case there is no "real world adoption".
Result: The bites are turned into Fiat and the project is forgotten.
Thul 2008 / 2009 Grin
Quote
"why do you mine or give away bitcoins?

As a reminder:
"Adoption can only be achieved by a product that can also be used.
The first step would have been to ensure the usability of the product.
"

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

"My customers pay with visa. The customers of others especially with cash." Lips sealed

"Bit coin have no chance for adoption, wakes up finally!
you are all here bitcoin fanboys! mimimimi nobody agrees me " Cry

is this your second account?
Date Registered: 11.10.2018 
https://bitcointalk.org/index.php?action=profile;u=2432356;sa=showPosts

what else do you want here?
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November 06, 2018, 11:44:38 AM
 #20819


Any examples from real life where this has been the case? Or even in cryptoverse, which coin has suddenly got adoption and still alive because the distro has finished? Does your theory have any base or just a hunch?



NXT/Ardor, back in 2013 100% of the coins were distributed to 73 early adopters in the second ever ICO right from the start (Mastercoin was the first ICO a few months earlier), then the dev (BCnxt, aka CfB of Iota fame) basically handed the project over to the community which empowered large holders to get active and 'do things' to keep the project alive, including spreading adoption.

NXT started with 73 people, 100% of coins distributed, dev concentrated on actual dev work, everything else was left to the community. It was the most beautiful disorganized clusterfuck to observe, and it most definitely was decentralised, and it was 100% the community who made it work because the distribution was completed very early, and the dev did a perfect Satoshi 2.0 and got out of the way.

If Tony finishes the distro and gets out of the way he creates a void, and motivated holders will fill it, that's decentralization in practice, relinquish control to the community.

edit: if Tony completed the distro and went into the shadows to work on code, maybe a big holder like Max from Lisk would see a 'space' for him to fill and he would get motivated to 'do something' for BB out of self interest, at the moment everything is top-down from Tony, no room for anyone else, 22% still in centralised hands causing worries.

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November 06, 2018, 12:03:17 PM
 #20820

I think we are worrying about the wrong thing at the wrong time.

CC is all about speculation right now.

Who is using eos, ada, iota, right now?

Adoption will come later. For now speculators is who you need to worry about. Give them reason to buy and hold byteball. You want to be in the top 10 to top 15 on cmc. Although we know that can be faked and means little because many have such a narrow distribution.

However annoyingly a lot of companies believe in those caps and volume.

Companies will only adopt currencies that have a lot of volume because otherwise they are quite unusable for them.

Also to get adoption you need users. To get users they need to know about your project. The largest form of advertising right now is to get a high cap. Since 99% of people interested in CC right now are investors/speculators you need to get them interested.

My 3 favourite projects right now and suffering not because they do not offer great dev teams with great products that are already functional (if not completely finished) but because of lack of interest. The lack of interest is 1. they are not in the high cap projects so don't get much notice  2. as a result of (1) nobody is talking about them and they can gain no network effect.

Most investors and hodlers (which you need right now) are not conceptual designers nor game theory experts nor coders nor have really any skills to decide which projects from a technical level solve more or less issues and are easily scammed with snake oil blockchain 2.0 3.0 4.0. They follow like lemmings repeating all kinds of snake oil selling nonsense to the others.  I was one of these for years and ended up getting sucked into all kinds of promising sounding now almost dead projects that faded out or were made redundant by the next better sounding snake oil.

The best you can do is find those that can analyse designs and watch their predictions and listen to their analysis and try to use some of your own common sense too. Or make friends with some good developers and just ask for their opinions.
 
Bring your MC up and get more attention, more hodlers, higher cap and more hodlers whilst making your project as functional and ready for mainstream adoption as possible and when companies are ready to adopt you will be in the running and not hidden away on page 10 of coinmarketcap with no volume

I do not think spreading out a few bucks worth to a ton of people does anything. If I had 10 bucks worth I would not be incentivised to work hard to promote or adopt I would likely just think thats 10 bucks I can cash in now or just leave it for another day and likely forget all about it. You are better to get BB in larger chunks right now into the hands of people that have some shove in this arena that will work to promote or bring on development in certain areas. The worst part is the huge chunks are in the hands of people that are leading other projects and have a lot less incentive to work in pushing BB forward.  This will change over time but it has held BB back thus far.

All I am saying is stop worrying about spreading BB out now that is already so concentrated in the hands of a few. Better to increase functionality in terms of tx, scalability etc and interesting hodlers/investors and those that will help promote with a lot of incentive.
Focus more on raising the cap and bringing in interest that way for now. Then more exchanges like coinbase may consider. Then when big companies come looking bb will be in the running. Amazon is not going to look at bitcoin, ethereum, litecoin, and randomly consider something that looks obscure and has 2000 usd daily volume.

Most people only consider the top 100. Many will only invest in the top 25. Anything else is considered high risk. When really the highest risk with lowest returns are the fake higher caps. However that's how it is.

If you are trying to bypass or criticise peoples desire to make money and call them just greedy you alienate 99.9% of the human race. You need these ones to get a network effect at this stage. Later people/businesses will just use the product that is best suited to their needs in a functional way. We are still miles away from leaving speculation as the biggest driver for success which will lead to adoption. Trying to give it out to 10000s of people in crumbs will not bring adoption at this point.

This is just my opinion of course there could be a great counter argument that I am interested to hear.




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