Obyte: Totally new consensus algorithm + private untraceable payments

[tonych]

How is this improved if the goal is to distribute to as many people as possible? One person a week is as many as possible?

Add those who participate.  Even if they don't win, they learn about byteball.

I know it is difficult to meet all the wishes community members have. However - although I still own a bunch of GB - I do not welcome distribution for holding Bytes. I would like to see more campaigns and attempts to sign cooperations in order to use Bytes in daily life. I try to use crypto currencies wherever I have to chance to do. It is already possible  to pay for a certain type of digital products that I consume with BTC and some other coins. The same should be possible for bytes, and the remaining bytes should be used for those efforts.

That's of course the end goal but the path to it might not be as direct as we like.

Exactly, the shortest connection between two points is not a straight line but a winding curve full of obstacles. 

The shortest connection between Spain and New Zealand is a straight line going though the center of planet Earth.  Go ahead take that route.

[1685659628]

1685659628

[1685659628]

1685659628

[jwinterm]

How is this improved if the goal is to distribute to as many people as possible? One person a week is as many as possible?

Add those who participate.  Even if they don't win, they learn about byteball.

Why would anyone who doesn't already know about Byteball participate? Especially when you really only have a chance to win if you pay $10 to give/validate your identity to some relatively unknown Russian-based cryptocurrency (or buy a shitload of byteballs - a relatively unknown Russian-based cryptocurrency that is currently down 99% vs USD or something from ath). If people want to pay $10 to play the lotto there's many easier ways with likely much higher odds of winning than that. Sorry, I mean, I love gambling and lotteries, but this doesn't seem to be aligned with the stated goal of wide distribution.

Further, this is essentially heavily tilted towards whales, particularly whales that have been KYC'd, but whales in general. How does having a lottery that is extremely skewed towards people already rich in Byteball further distribution to more people?

To get the facts straight, the weight of whales is discounted by 90% if you read the rules, and there is of course no $10 charge for validating your identity.

Right, so take address #10 on the richlist for instance:
https://byteball.fr/Top100ByteballRichest.php

He owns 10k GBYTE, meaning he would get 1000x entries into the lottery compared to someone holding 1 GBYTE.

Also, I thought Jumio or whatever verification cost $10 or so. Is this not correct?

[barborrico]

I would do two draws: one with existing rules and one between people (address with revealed identity, 1 person = 1 point).
The people one -> GB, the existing one -> GBB.

[Thul]

How is this improved if the goal is to distribute to as many people as possible? One person a week is as many as possible?

Add those who participate.  Even if they don't win, they learn about byteball.

I know it is difficult to meet all the wishes community members have. However - although I still own a bunch of GB - I do not welcome distribution for holding Bytes. I would like to see more campaigns and attempts to sign cooperations in order to use Bytes in daily life. I try to use crypto currencies wherever I have to chance to do. It is already possible  to pay for a certain type of digital products that I consume with BTC and some other coins. The same should be possible for bytes, and the remaining bytes should be used for those efforts.

That's of course the end goal but the path to it might not be as direct as we like.

Exactly, the shortest connection between two points is not a straight line but a winding curve full of obstacles. 

The shortest connection between Spain and New Zealand is a straight line going though the center of planet Earth.  Go ahead take that route.

I'm sure teleportation is just a matter of time.
The shortest distance for Byteball, however, is already accessible, you just have to walk it.

[tonych]

How is this improved if the goal is to distribute to as many people as possible? One person a week is as many as possible?

Add those who participate.  Even if they don't win, they learn about byteball.

Why would anyone who doesn't already know about Byteball participate? Especially when you really only have a chance to win if you pay $10 to give/validate your identity to some relatively unknown Russian-based cryptocurrency (or buy a shitload of byteballs - a relatively unknown Russian-based cryptocurrency that is currently down 99% vs USD or something from ath). If people want to pay $10 to play the lotto there's many easier ways with likely much higher odds of winning than that. Sorry, I mean, I love gambling and lotteries, but this doesn't seem to be aligned with the stated goal of wide distribution.

Further, this is essentially heavily tilted towards whales, particularly whales that have been KYC'd, but whales in general. How does having a lottery that is extremely skewed towards people already rich in Byteball further distribution to more people?

To get the facts straight, the weight of whales is discounted by 90% if you read the rules, and there is of course no $10 charge for validating your identity.

Right, so take address #10 on the richlist for instance:
https://byteball.fr/Top100ByteballRichest.php

He owns 10k GBYTE, meaning he would get 1000x entries into the lottery compared to someone holding 1 GBYTE.

This is my 1%.  This money does not participate and is immovable until the distribution ends.

Also, I thought Jumio or whatever verification cost $10 or so. Is this not correct?

It is $8, which is refunded after successful verification (effectively $0 if you don't screw up), plus $12 is airdropped to a smart contract.  If you use a voucher, you don't pay anything (referrer pays).

[jwinterm]

OK, that's yours, but the top 100 averages probably have on average at least 1k GBYTE, meaning the top 100 probably have 100x greater probability to win than any peon. It just seems like a game for whales.

[altcoinb]

OK, that's yours, but the top 100 averages probably have on average at least 1k GBYTE, meaning the top 100 probably have 100x greater probability to win than any peon. It just seems like a game for whales.

The better solution is only attested user can enjoy the draw.
People are more motivated to verify themselves 

[JesusCryptos]

OK, that's yours, but the top 100 averages probably have on average at least 1k GBYTE, meaning the top 100 probably have 100x greater probability to win than any peon. It just seems like a game for whales.

The better solution is only attested user can enjoy the draw.
People are more motivated to verify themselves 

I'd have no problem in attesting my wallet, and was even planning to do it, but not exactly using the address where I'm keeping all my funds. So I guess this lottery makes little sense for me. I'm allergic to lotteries anyway - it's dangerous to hope to win a lottery because you never know WHICH lottery you will end up winning - and most of the lotteries out there are just waiting to get someone killed.

[altcoinb]

I'd have no problem in attesting my wallet, and was even planning to do it, but not exactly using the address where I'm keeping all my funds. So I guess this lottery makes little sense for me. I'm allergic to lotteries anyway - it's dangerous to hope to win a lottery because you never know WHICH lottery you will end up winning - and most of the lotteries out there are just waiting to get someone killed.

Yes and the wales skip that lottery. Nobody link >945 GB with attestation like here http://draw.byteball.org/

[jwinterm]

I'd have no problem in attesting my wallet, and was even planning to do it, but not exactly using the address where I'm keeping all my funds. So I guess this lottery makes little sense for me. I'm allergic to lotteries anyway - it's dangerous to hope to win a lottery because you never know WHICH lottery you will end up winning - and most of the lotteries out there are just waiting to get someone killed.

Yes and the wales skip that lottery. Nobody link >945 GB with attestation like here http://draw.byteball.org/

Oh look who has the most points and so greatest chance to win - unattested addresses with hundreds of GBYTE already. Who better to give another 400 GB per week to? This is just crazy, I guess not really surprising considering the way things have gone with this coin, but crazy nonetheless.

Looking forward to the rebrand to see what insanity comes next 

[tarmo888]

OK, that's yours, but the top 100 averages probably have on average at least 1k GBYTE, meaning the top 100 probably have 100x greater probability to win than any peon. It just seems like a game for whales.

The better solution is only attested user can enjoy the draw.
People are more motivated to verify themselves  

I totally agree with you on this and it would be even better if any attestation would work, including username attestation, which would make more people to use that feature too.
Maybe bytes for attested users and blackbytes for un-attested users.

[boomboom]

I'd have no problem in attesting my wallet, and was even planning to do it, but not exactly using the address where I'm keeping all my funds. So I guess this lottery makes little sense for me. I'm allergic to lotteries anyway - it's dangerous to hope to win a lottery because you never know WHICH lottery you will end up winning - and most of the lotteries out there are just waiting to get someone killed.

Yes and the wales skip that lottery. Nobody link >945 GB with attestation like here http://draw.byteball.org/

How do we enter the lottery?

[tarmo888]

How do we enter the lottery?

Ready to play?

The first draw is on Friday Dec 14 at 12:00 UTC.  Have your addresses linked in advance: add the Draw Airdrop bot from the Bot Store inside your Byteball wallet and follow the instructions. Good luck!

[Thul]

I'm waiting for a Clon...
A project that has focused directly on the benefit of a specific target group has been successful from the start and after a few weeks is further than this.

[barborrico]

OK, that's yours, but the top 100 averages probably have on average at least 1k GBYTE, meaning the top 100 probably have 100x greater probability to win than any peon. It just seems like a game for whales.

The better solution is only attested user can enjoy the draw.
People are more motivated to verify themselves  

I totally agree with you on this and it would be even better if any attestation would work, including username attestation, which would make more people to use that feature too.
Maybe bytes for attested users and blackbytes for un-attested users.

Would you agree?

Two draws: one with existing rules and one between people (address with revealed identity, 1 person = 1 point).
The people one -> GB, the existing one -> GBB.

It makes sense, to use GBB you need GB first lol

[dave_bbp]

This new lottery again seems like a good idea executed in a really bad way. Why the hell do you give 200GB to a single person once per week? Why not 20GB to 10 people per week or 2 GB to 100 people per week?

(not to speak of preferring KYC accounts and whales despite the 90% discount ...)

[whotheff]

This new lottery again seems like a good idea executed in a really bad way. Why the hell do you give 200GB to a single person once per week? Why not 20GB to 10 people per week or 2 GB to 100 people per week?

(not to speak of preferring KYC accounts and whales despite the 90% discount ...)

Exactly!

i do not believe that the people who decided that are that stupid. On the contrary, they are smart enough to
see that this lottery will be beneficial only to people who invested fiat cash. Otherwise there is no other way of
gathering so  much Byteball.
Here is my logic:
1. All Crypto bleeds heavily. Byteball too.
 2. Fresh money is needed.
  3. Lets find a way to bring more fresh money into Byteball
    4. Let's put a big award to everyone who has so much Byteball that the only way he can aquired them is by buying them.
      5. We'll call it "honest, decentralized, fair" etc untill people believe it is
       6. We'll ask then for KYC, all the people with a little amount of Byteball will just quit, because it is not worth it. That way we'll have more chance for the rich.
        7. Success! Coin dies

[tarmo888]

i do not believe that the people who decided that are that stupid. On the contrary, they are smart enough to
see that this lottery will be beneficial only to people who invested fiat cash. Otherwise there is no other way of
gathering so  much Byteball.
Here is my logic:
1. All Crypto bleeds heavily. Byteball too.
 2. Fresh money is needed.
  3. Lets find a way to bring more fresh money into Byteball
    4. Let's put a big award to everyone who has so much Byteball that the only way he can aquired them is by buying them.
      5. We'll call it "honest, decentralized, fair" etc untill people believe it is
       6. We'll ask then for KYC, all the people with a little amount of Byteball will just quit, because it is not worth it. That way we'll have more chance for the rich.
        7. Success! Coin dies

Do you realize that you FUD has holes in it?

Are you suggesting Byteball is dumping huge amounts of GBYTE on exchanges?
There is only 3 600 GBYTE on sale on Bittrex vs 60 000 GBYTE that people want to buy and huge buy wall has been up for a week now
https://international.bittrex.com/Market/Index?MarketName=BTC-GBYTE

And even then, it is not against fiat cash, it is a BTC pair. Only way you can get GBYTE for cash is via the creditcard bot, which is not operated by Byteball, but Indacoin.

I don't like the distribution either, but I don't talk sh|t about it either because this what the community asked for, lottery distribution to existing bagholders. I guess you can't satisfy everybody, there is always somebody who doesn't like whatever Byteball does.

[whotheff]

Keep in mind that comminuty is comprised of whales .
From everything I've red so far, this coin did some bad decisions in the past
and now is trying to fix that. To fix that by doing more of the same.
This is like stepping on the rake twice.

Combining "Byteball" + "lottery" is degrading enough for this coin.

[altcoinb]

This new lottery again seems like a good idea executed in a really bad way. Why the hell do you give 200GB to a single person once per week? Why not 20GB to 10 people per week or 2 GB to 100 people per week?

(not to speak of preferring KYC accounts and whales despite the 90% discount ...)

Yes 200 GB is to much to the ratio of WCG distribution (the electricity bill was big )
In the christmas time is one time 200 GB all right.
Maybe we have in next time all 7 days a dump of 200 GB...

but please do not forget:

This is a new distribution format that to our knowledge has never been tried before and we can’t be sure that we made no mistakes in designing these rules. Based on experience from previous weeks, we’ll adjust the rules of the draw, the amounts paid, points per GB, etc.

https://medium.com/byteball/weekly-draw-for-the-byteball-community-f464ae731c88

My idea of new rules is this:
1. week jan (10 GB for attested, 5 GB for non attested)
2. week jan (14 GB for attested, 7 GB for non attested) +4 GB
3. week jan (18 GB for attested, 9 GB for non attested) +4 GB
...
...
Next year christmas 2019 we have the full jackpot of 200 GB again  

I don't know, but i know undistributed bytes should get into many hands!
A wallet of 900 GB don't need 200 GB more and as well a single person...

How many undistributed GB left?