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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216912 times)
whotheff
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December 09, 2018, 11:33:46 AM
 #21161

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 Smiley

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tarmo888
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December 09, 2018, 01:30:16 PM
 #21162

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 Smiley

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
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December 09, 2018, 01:39:46 PM
 #21163

Keep in mind that comminuty is comprised of whales Wink.
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
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December 09, 2018, 02:01:46 PM
 #21164

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 Undecided )
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:
Quote
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  Cool

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?
Thul
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December 09, 2018, 02:53:00 PM
 #21165

The project seems to be so unpopular in the meantime that not even people who want to clone it can be found anymore.

From the user's point of view, this technique is finally something useful. But it has to be complemented by a software solution that creates a direct benefit and distributes this currency in a really meaningful way.

The Byteball regime is still arrogant and ignorant of such elementary demands.
tarmo888
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December 09, 2018, 03:31:02 PM
 #21166

The project seems to be so unpopular in the meantime that not even people who want to clone it can be found anymore.

Maybe the problem is you that nobody wants to implement your idea. There has been plenty of people who have forked Byteball (just look at the Github repository), some even have done the branding, rebuilt the wallet and everything, but I have not followed up how many actually alive.
jwinterm
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December 09, 2018, 05:19:39 PM
 #21167

Quote
"We have designed the rules to favor of participants with smaller balances, so larger balances don't result in lots of additional points."

This is simply not true. It's designed to favor people that have a lot of GBYTE already. An attested user with 20 GBYTE will receive 11 points, while an anonymous user with 1000 GBYTE will receive 100 points, or 10k GBYTE holder will get 1000 points. 

The Byteball richlist only shows the top 100, but those addresses all contain approximately 1k GBYTE up to 10k GBYTE or more. If you analyze the people that have currently entered the drawing here http://draw.byteball.org there are currently 828 total points, and about 414 of those points are owned by addresses of people that already have at least 200 GBYTE - so currently there is a fifty percent chance that someone who already owns 200 or more GBYTE will get a bonus of 200 more.

In my opinion this is anything but favoring people with smaller balances, and seems to run completely counter to trying to get more people involved.
pwpwpw
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December 09, 2018, 05:31:33 PM
 #21168

Can anyone enter with multiple addresses ? I can only add one address, the next ones give an error, wants me to confirm/prove the new address with the first address over and over again.

Rune
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December 09, 2018, 05:49:09 PM
 #21169

Wish this project could get a rebrand new name new logo it really could be a lot higher branding is holding this one back.

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alvena
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December 09, 2018, 06:02:29 PM
 #21170

Just began to look closely at BYTEBALL, it seems like an interesting project, and does he have any prospects? And then I have been looking at the project for two years already and only Bittrex from normal exchanges. About the listing on the new exchange admins promise something?
altcoinb
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December 09, 2018, 06:11:14 PM
 #21171

Wish this project could get a rebrand new name new logo it really could be a lot higher branding is holding this one back.
Rebranding is as far as I know in progress.
devlin
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December 09, 2018, 07:09:51 PM
 #21172

Hi,
Wallet contains 5 addresses, latest is YYYYYY.... and participating in draw is ok, but how to sign message for another address?
...
You signed a wrong message: I confirm that I own the address
XXXXX..... and want it to participate in the draw airdrop., expected: I confirm that I own the address YYYYYYYYY...... and want it to participate in the draw airdrop.
.....

 bot use the latest address for sign...... 
vlom
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December 09, 2018, 08:16:55 PM
 #21173

Can anyone enter with multiple addresses ? I can only add one address, the next ones give an error, wants me to confirm/prove the new address with the first address over and over again.

you first have to enter the new address. then the signing will be done with this one.
whotheff
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December 09, 2018, 08:25:22 PM
 #21174

I just added the Airdrop bot to claim piece of the airdrop, aimed at distributing
the coins evenly. Here is the result:

This is ridiculous. I have 75 Megabytes of Byteball that equals to: 0.0072264237 points.
This is not fair distribution, this is feeding the rich Cheesy

lifeofxtian
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December 09, 2018, 09:53:35 PM
 #21175

Posting on this forum is a waste of time, full of Indian signature spammers. Post on reddit instead https://www.reddit.com/r/ByteBall/
pwpwpw
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December 09, 2018, 10:22:24 PM
Last edit: December 09, 2018, 10:33:12 PM by pwpwpw
 #21176

Can anyone enter with multiple addresses ? I can only add one address, the next ones give an error, wants me to confirm/prove the new address with the first address over and over again.

you first have to enter the new address. then the signing will be done with this one.

Yeah that's what I do, add new address, enter new address and when I sign, it shows signing X (new) address by Y (old address) and gives an error. So in the message the new address appears but the signer is the old address.

tonych
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December 10, 2018, 12:17:08 AM
 #21177

I just added the Airdrop bot to claim piece of the airdrop, aimed at distributing
the coins evenly. Here is the result:

This is ridiculous. I have 75 Megabytes of Byteball that equals to: 0.0072264237 points.
This is not fair distribution, this is feeding the rich Cheesy

Looks like I'm gonna be murdered for not giving everyone enough points Smiley

Simplicity is beauty
tonych
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December 10, 2018, 12:19:41 AM
 #21178

Can anyone enter with multiple addresses ? I can only add one address, the next ones give an error, wants me to confirm/prove the new address with the first address over and over again.

you first have to enter the new address. then the signing will be done with this one.

Yeah that's what I do, add new address, enter new address and when I sign, it shows signing X (new) address by Y (old address) and gives an error. So in the message the new address appears but the signer is the old address.

Correct, the current version signs with the latest address (the one on the Receive tab).
Unless you are concerned about privacy, you can move your entire balance to the already linked address.

Simplicity is beauty
pineapple express
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December 10, 2018, 06:20:58 AM
 #21179

meanwhile byter is going up. I think it is fair that big holders receive more points. Except ico's, i would like to ban them.
boomboom
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December 10, 2018, 06:27:56 AM
 #21180


Correct, the current version signs with the latest address (the one on the Receive tab).
Unless you are concerned about privacy, you can move your entire balance to the already linked address.

@tonych, do we need to link our addresses for every draw, or just once and we enter every week?
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