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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216816 times)
barborrico
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December 10, 2018, 11:23:09 PM
 #21201

Real name attestation costs 258MB!
0 with my smart voucher: 2TY3C6JKG2C6B
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pineapple express
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December 11, 2018, 09:12:03 AM
 #21202

You reveal your identity only to Jumio
That part is clear to me, and that's the part I'm not ready to do.
Is the problem just Jumio or any KYC service?
this is a problem for many people. Why would you want to share your balances with Jumio or any KYC service? They can sell your data to criminals, share with government. Data can be stolen. And you become a target for $5 attack.
tarmo888
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December 11, 2018, 09:23:28 AM
 #21203

You reveal your identity only to Jumio
That part is clear to me, and that's the part I'm not ready to do.
Is the problem just Jumio or any KYC service?
this is a problem for many people. Why would you want to share your balances with Jumio or any KYC service? They can sell your data to criminals, share with government. Data can be stolen. And you become a target for $5 attack.

Hmm, no, you are not sharing your balance with Jumio or any KYC service. They will have the copy of your passport, it is not they who post the attestation hash, that's the bot, which is controlled by Tony.
Thul
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December 11, 2018, 11:38:06 AM
 #21204

Anyone who sees more in crypto currencies than Fiat winnings wants nothing to do with KYC.

Fiat => regulated markets (KYC)
Crypto => unregulated markets (no KYC)

Byteball + regulated markets (KYC) = unsuccessful and worthless

Byteball + unregulated markets (no KYC) = successful, valuable and very fast and widely spread
tarmo888
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December 11, 2018, 12:42:04 PM
 #21205

Anyone who sees more in crypto currencies than Fiat winnings wants nothing to do with KYC.

Fiat => regulated markets (KYC)
Crypto => unregulated markets (no KYC)
Byteball + regulated markets (KYC) = unsuccessful and worthless
Byteball + unregulated markets (no KYC) = successful, valuable and very fast and widely spread

Everything is not that black and white. It is astonishing how narrow-minded some people can be.
There are many people who doesn't want to do illegal stuff, but would like to invest in cryptocurrencies, so they need KYC to deposit fiat currencies to exchange.
It is perfectly normal if somebody wants to take their initial investment out to something more stable, so they will need KYC to withdraw fiat currencies to their bank.
Mass adoption will come from people who don't want to evade taxes, but that can take years. Even when cryptocurrencies are mainstream, there still be traditional banks and fiat currencies.

Cryptocurrencies are not about trading illegal sh!t, it's about the ability to transact without intermediates and hold keys to your own digital vault.
bobq
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December 11, 2018, 12:58:04 PM
 #21206

You reveal your identity only to Jumio
That part is clear to me, and that's the part I'm not ready to do.

I guess this is the part all of the wise part of the community is not ready to do, so this distribution is targeting to reward the unwise part of the community. This is a pity.

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December 11, 2018, 01:19:39 PM
 #21207

You reveal your identity only to Jumio
That part is clear to me, and that's the part I'm not ready to do.

I guess this is the part all of the wise part of the community is not ready to do, so this distribution is targeting to reward the unwise part of the community. This is a pity.

What makes you think that? 1 GBYTE = 1 point is only for the first 10 GBYTE, those who have less bytes don't mind doing the KYC, but there are also many un-attested addresses with over 100GB.
Attested 10GB would have same amount points as un-attested 100GB.
Attested 100GB would have same amount points as un-attested 190GB.
Attested 1000GB would have same amount points as un-attested 1090GB.

So, this bot is more pro staying un-attested if you are rich and pro-KYC if you not rich.
Thul
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December 11, 2018, 01:26:03 PM
 #21208

You reveal your identity only to Jumio
That part is clear to me, and that's the part I'm not ready to do.

I guess this is the part all of the wise part of the community is not ready to do, so this distribution is targeting to reward the unwise part of the community. This is a pity.
As we have seen over the past two years, the regime is not exactly glittering with wisdom. - Why expect anything different from the majority of the community?
Rune
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December 11, 2018, 02:51:39 PM
 #21209

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.

Any links to them saying this? this is huge if true I have not seen this

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lifeofxtian
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December 11, 2018, 03:03:46 PM
 #21210

So much time being wasted on bitcointrashtalk, just post to where Byteball team and community are https://www.reddit.com/r/ByteBall/comments/9yfbvt/i_am_tony_byteball_founder_and_lead_developer_ask/   
pineapple express
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December 11, 2018, 03:19:14 PM
 #21211

gbyte will be 0.03 later today
tarmo888
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December 11, 2018, 03:20:00 PM
 #21212

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.

Any links to them saying this? this is huge if true I have not seen this

Sign up to newsletter to be up to date with news or follow Byteball on Reddit, Medium or Youtube https://medium.com/@byteballjesus/read-the-latest-byteball-email-newsletter-fun-new-distribution-bd9198692a82
julian071
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December 11, 2018, 07:50:48 PM
 #21213

gbyte will be 0.03 later today

Great! At what time exactly will you dump your massive stash? Getting impatient, sorry.

=P
lifeofxtian
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December 11, 2018, 08:35:52 PM
 #21214

Peeps continue to waste time posting here, just use Reddit like the Byteball founder https://www.reddit.com/r/ByteBall/comments/9yfbvt/i_am_tony_byteball_founder_and_lead_developer_ask/ 
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December 12, 2018, 08:43:09 AM
Last edit: December 12, 2018, 02:02:59 PM by pineapple express
 #21215

bittrex wallet 3 days offline wtf Angry
bobq
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December 12, 2018, 11:25:30 AM
 #21216

You reveal your identity only to Jumio
That part is clear to me, and that's the part I'm not ready to do.

I guess this is the part all of the wise part of the community is not ready to do, so this distribution is targeting to reward the unwise part of the community. This is a pity.

What makes you think that? 1 GBYTE = 1 point is only for the first 10 GBYTE, those who have less bytes don't mind doing the KYC, but there are also many un-attested addresses with over 100GB.
Attested 10GB would have same amount points as un-attested 100GB.
Attested 100GB would have same amount points as un-attested 190GB.
Attested 1000GB would have same amount points as un-attested 1090GB.

So, this bot is more pro staying un-attested if you are rich and pro-KYC if you not rich.

You are right on this. But since I believe that only morons are waisting their time playing lotteries, this kind of distribution tends anyway to reward the unwise part of the community, ie those who like to play lotteries. And I guess that the likeness is high that winners might just insta-dump their winned coins. We'll see...

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December 12, 2018, 11:31:58 AM
 #21217

You are right on this. But since I believe that only morons are waisting their time playing lotteries, this kind of distribution tends anyway to reward the unwise part of the community, ie those who like to play lotteries. And I guess that the likeness is high that winners might just insta-dump their winned coins. We'll see...

You do understand that it is not like actual lottery? Because you do put your GBYTE in stake. Lottery is usually where you win a lot or you loose all.
sailthor
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December 12, 2018, 10:27:40 PM
 #21218

Haven't visited in awhile, whats the news on the rebrand? Has the new name been publicly announced?

HopeCrypto
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December 12, 2018, 10:30:02 PM
 #21219

Once upon a time, BYTEBALL was a promising project, but free distribution of coins based on BTC is a mistake, which we now see.  If the project claims to be a competitor to Bitcoin, then why depend on Bitcoin.  Hope others will take this lesson into account.
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December 13, 2018, 12:31:48 AM
 #21220

Once upon a time, BYTEBALL was a promising project, but free distribution of coins based on BTC is a mistake, which we now see.  If the project claims to be a competitor to Bitcoin, then why depend on Bitcoin.  Hope others will take this lesson into account.

Without Bitcoin, it is very likely that there wouldn't be Byteball and many other cryptocurrencies today because Byteball and many other cryptocurrencies use same open-source libraries that Bitcoin community has written, so it is not totally unheard of that new cryptocurrencies distribute coins to Bitcoin users, where there is already large userbase.

Next time, come up with better distribution, share it with the community, stop moaning about some old distribution that was long time ago and use the current distribution methods that are available now.
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