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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216764 times)
tonych
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December 08, 2018, 06:40:32 PM
 #21141

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.

Simplicity is beauty
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lifeofxtian
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December 08, 2018, 06:48:47 PM
 #21142

Don't see why ppl still post here, Byteball founder no longer posts on Bitcointalk, only Reddit https://www.reddit.com/r/ByteBall/comments/9yfbvt/i_am_tony_byteball_founder_and_lead_developer_ask/
Thul
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December 08, 2018, 07:13:55 PM
 #21143

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.  Roll Eyes
jwinterm
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December 08, 2018, 07:21:30 PM
 #21144

Don't see why ppl still post here, Byteball founder no longer posts on Bitcointalk, only Reddit https://www.reddit.com/r/ByteBall/comments/9yfbvt/i_am_tony_byteball_founder_and_lead_developer_ask/

Don't see why people spam the same comment on bitcointalk repeatedly.

Seriously though, the new lottery system is skewed very heavily towards people that already have tons of gbyte. Seems...not wise.
tonych
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December 08, 2018, 08:49:13 PM
 #21145

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.  Roll Eyes

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

Simplicity is beauty
jwinterm
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December 08, 2018, 08:57:59 PM
 #21146

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
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December 08, 2018, 09:06:02 PM
 #21147

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
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December 08, 2018, 09:10:44 PM
 #21148

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.  Roll Eyes

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
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December 08, 2018, 09:20:40 PM
 #21149

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).

Simplicity is beauty
jwinterm
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December 08, 2018, 09:22:17 PM
 #21150

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
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December 08, 2018, 09:31:01 PM
 #21151

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  Wink
JesusCryptos
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December 08, 2018, 10:48:39 PM
 #21152

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  Wink

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.

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altcoinb
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December 08, 2018, 10:59:51 PM
 #21153

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
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December 08, 2018, 11:53:16 PM
 #21154

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  Cheesy
tarmo888
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December 09, 2018, 03:36:22 AM
Last edit: December 09, 2018, 04:14:56 AM by tarmo888
 #21155

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  Wink

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
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December 09, 2018, 05:20:22 AM
 #21156

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
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December 09, 2018, 05:47:00 AM
 #21157

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
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December 09, 2018, 08:41:39 AM
 #21158

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
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December 09, 2018, 08:46:19 AM
 #21159

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  Wink

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?
Quote
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
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December 09, 2018, 10:01:04 AM
 #21160

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 ...)
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