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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1226985 times)
diyhockey
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January 20, 2019, 06:57:21 PM
 #21381

I did some math for obyte lottery, please correct me if i wrong
Alisa bought 100 GB for $3.5k
lottery total fish points 2829. Alisa points: 10 for KYC, 9 for 90 GB
lottery total whale points 79454. Alisa points: 100 for 100 GB
52 draws per year. Winner gets 100 GB ($3.5k) and 211.11 GBB ($200)
Chances of winning over time:
1 year - 34,03% (1 of 52 draws)
2 year - 56,47% (1 of 104)
5 year - 87,50% (1 of 154)
So expected 1 year ROI is 36%. "(3.5 + 0.2) * 34,03% / 3.5". (given that the future is unknown and the price can both go up and fall, it is logical to take into account the current price)
*Given the past behavior of the team, there is good reason to believe that the rules will change or the lottery will be canceled.
*Only 12% of available supply participate in the lottery
*Strategy can be optimized by KYCing your poor friends. It also means that if you do not have poor friends, then your chances will decrease if other participants have such friends.
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tarmo888
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January 20, 2019, 10:58:45 PM
Last edit: January 21, 2019, 05:27:21 PM by tarmo888
 #21382

I did some math for obyte lottery, please correct me if i wrong
Alisa bought 100 GB for $3.5k
lottery total fish points 2829. Alisa points: 10 for KYC, 9 for 90 GB
lottery total whale points 79454. Alisa points: 100 for 100 GB
52 draws per year. Winner gets 100 GB ($3.5k) and 211.11 GBB ($200)
Chances of winning over time:
1 year - 34,03% (1 of 52 draws)
2 year - 56,47% (1 of 104)
5 year - 87,50% (1 of 154)
So expected 1 year ROI is 36%. "(3.5 + 0.2) * 34,03% / 3.5". (given that the future is unknown and the price can both go up and fall, it is logical to take into account the current price)
*Given the past behavior of the team, there is good reason to believe that the rules will change or the lottery will be canceled.
*Only 12% of available supply participate in the lottery
*Strategy can be optimized by KYCing your poor friends. It also means that if you do not have poor friends, then your chances will decrease if other participants have such friends.


Yes, rules can change if needed, but not because past behaviour, but also because it was said so in announcement post.
Price will change during one year and amount of people participating changes also during that time.
But it is still lottery with random winner (with an exception that you don't lose your stake), so points and balance doesn't guarantee a win.
JesusCryptos
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January 21, 2019, 06:36:42 PM
 #21383

Nice rebranding, even though I find that the words byte and bit are too inflated in the cryptospace - too many coins have those words in their names - so a more radical change of name could have been more effective to better stand out from the crypto-crowd.

Anyway I guess now you should adjust the Obyte signatures for Bitcointalk for those supporters like me who like to wear it even though there is no signature campaign as a motivation.

⚪ Byteball          I T   J U S T   W O R K S .  
Sending Crypto to Email   -   Risk-Free Conditional Smart Payments   -   ICO Platform with KYC
ANN THREAD                  TELEGRAM                     TWITTER                  MEDIUM                  SLACK                  REDDIT
tarmo888
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January 21, 2019, 09:31:05 PM
Last edit: January 21, 2019, 10:15:43 PM by tarmo888
Merited by hopenotlate (1)
 #21384

Hopefully, this clears up what the logo is about
Thul
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January 22, 2019, 02:00:32 PM
 #21385

"Monero and OpenBazaar seem like a good fit. Given Monero's different codebase, however, more work is required to properly integrate it. Furthermore, there seems to be some confusion about what Monero currently offers API wise. To clear the confusion, I think it would be a good idea to have a discussion thread on the Monero subreddit where the OpenBazaar team discusses, together with the Monero community and developers, a potential Monero integration.

Would the OpenBazaar team be open for this idea?

P.S. I am one of the moderators on r/monero."


https://old.reddit.com/r/OpenBazaar/comments/ahokfs/openbazaar_monero_integration/
tarmo888
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January 22, 2019, 04:41:36 PM
 #21386

"Monero and OpenBazaar seem like a good fit. Given Monero's different codebase, however, more work is required to properly integrate it. Furthermore, there seems to be some confusion about what Monero currently offers API wise. To clear the confusion, I think it would be a good idea to have a discussion thread on the Monero subreddit where the OpenBazaar team discusses, together with the Monero community and developers, a potential Monero integration.

Would the OpenBazaar team be open for this idea?

P.S. I am one of the moderators on r/monero."


https://old.reddit.com/r/OpenBazaar/comments/ahokfs/openbazaar_monero_integration/


You posted to wrong topic, this is not Monero nor OpenBazaar topic, this is for Obyte announcements.
Thul
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January 22, 2019, 04:52:13 PM
 #21387

"Monero and OpenBazaar seem like a good fit. Given Monero's different codebase, however, more work is required to properly integrate it. Furthermore, there seems to be some confusion about what Monero currently offers API wise. To clear the confusion, I think it would be a good idea to have a discussion thread on the Monero subreddit where the OpenBazaar team discusses, together with the Monero community and developers, a potential Monero integration.

Would the OpenBazaar team be open for this idea?

P.S. I am one of the moderators on r/monero."


https://old.reddit.com/r/OpenBazaar/comments/ahokfs/openbazaar_monero_integration/


You posted to wrong topic, this is not Monero nor OpenBazaar topic, this is for Obyte announcements.
I knew you wouldn't understand the hint.

Note: The competition is not sleeping.
fuk
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January 22, 2019, 05:19:35 PM
 #21388

"Monero and OpenBazaar seem like a good fit. Given Monero's different codebase, however, more work is required to properly integrate it. Furthermore, there seems to be some confusion about what Monero currently offers API wise. To clear the confusion, I think it would be a good idea to have a discussion thread on the Monero subreddit where the OpenBazaar team discusses, together with the Monero community and developers, a potential Monero integration.

Would the OpenBazaar team be open for this idea?

P.S. I am one of the moderators on r/monero."


https://old.reddit.com/r/OpenBazaar/comments/ahokfs/openbazaar_monero_integration/


You posted to wrong topic, this is not Monero nor OpenBazaar topic, this is for Obyte announcements.
I knew you wouldn't understand the hint.

Note: The competition is not sleeping.
0byte is out of competition
Thul
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January 22, 2019, 05:51:58 PM
 #21389

"Monero and OpenBazaar seem like a good fit. Given Monero's different codebase, however, more work is required to properly integrate it. Furthermore, there seems to be some confusion about what Monero currently offers API wise. To clear the confusion, I think it would be a good idea to have a discussion thread on the Monero subreddit where the OpenBazaar team discusses, together with the Monero community and developers, a potential Monero integration.

Would the OpenBazaar team be open for this idea?

P.S. I am one of the moderators on r/monero."


https://old.reddit.com/r/OpenBazaar/comments/ahokfs/openbazaar_monero_integration/


You posted to wrong topic, this is not Monero nor OpenBazaar topic, this is for Obyte announcements.
I knew you wouldn't understand the hint.

Note: The competition is not sleeping.
0byte is out of competition
Yeah, and just as useful as pears with ears.
barborrico
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January 23, 2019, 12:39:17 AM
 #21390

Now they have gone from a ridiculously bad name to a neutral bad name.
A neutral name cannot be bad, by definition. Idiot.

I agree Obyte sounds and looks kinda empty and void (0byte), something an overpriced marketing agency would suggest, oh maybe they did.
Maybe that is because you are empty and void. Obyte is a neutral name, so probably you are projecting your inner emptiness. Or your stupidity. Or both.

I get no positive vibe from it, but at least no negative anymore.
We get no name suggestions from you, maybe because the aforementioned reasons.

The demands were clear and well-founded: Byteball, Bytes and Blackbytes must disappear as terms.
Byteball only. It is done.
Now we have Zero-Bytes and still "Bytes" as currency term. Completely imbecile.

Not the critics of this project are the problem, but submissive opportunists.
Nobody cares about your critics without arguments. But hey! You can still help us by raising the thread! Keep it up, champion!
Thul
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January 23, 2019, 07:31:57 AM
Last edit: January 23, 2019, 07:47:49 AM by Thul
 #21391

Not the critics of this project are the problem, but submissive opportunists.
Nobody cares about your critics without arguments.
Arguments? Ha. There were lots of arguments. Not only from me. My contributions in this thread consist almost exclusively of arguments, but this arrogant dictatorship, including its boot-licking minions, proves to be resistant to knowledge.

Neutral name... Yes, the name is so neutral that it drowns in the swamp of bits and bytes. A unique selling point looks different. And it's not just bad, it's a disaster.

Every beginner asks himself unconsciously what this "O" stands for... Zero? OMG? Possibly even a WC over "00" pushes itself into the subconscious.

The first impression, the admission ticket for further interest, you have completely screwed up.

"Byteball" had at least a funny laughable note, and was therefore unique, but now... OMG-Byte.  Roll Eyes

In short: You are totally crazy.
nik888
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January 23, 2019, 11:30:02 AM
 #21392

in Russian, byteball was better, I hope in English Obyt sounds good


Personally for me. In any case, Obyte technology is the best among cryptocurrencies.
tarmo888
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January 23, 2019, 12:17:11 PM
 #21393

Not the critics of this project are the problem, but submissive opportunists.
Nobody cares about your critics without arguments.
Arguments? Ha. There were lots of arguments. Not only from me. My contributions in this thread consist almost exclusively of arguments, but this arrogant dictatorship, including its boot-licking minions, proves to be resistant to knowledge.

Neutral name... Yes, the name is so neutral that it drowns in the swamp of bits and bytes. A unique selling point looks different. And it's not just bad, it's a disaster.

Every beginner asks himself unconsciously what this "O" stands for... Zero? OMG? Possibly even a WC over "00" pushes itself into the subconscious.

The first impression, the admission ticket for further interest, you have completely screwed up.

"Byteball" had at least a funny laughable note, and was therefore unique, but now... OMG-Byte.  Roll Eyes

In short: You are totally crazy.


So, when somebody writes, OMG, the first thing that comes to your mind is zero-MG? Stop hating because nobody takes your "contributions" seriously.
Thul
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January 23, 2019, 01:45:03 PM
 #21394

in Russian, byteball was better, I hope in English Obyt sounds good
Hardly. Goes completely under in the flood of bits and bytes.

Personally for me. In any case, Obyte technology is the best among cryptocurrencies.
So far, only theoretically. Since there is no benefit, there is no practical proof.
hopenotlate
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January 24, 2019, 04:31:09 PM
 #21395

Hopefully, this clears up what the logo is about


This is enlightening, great job.

Merit deserved.
tarmo888
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January 24, 2019, 08:14:29 PM
Last edit: January 24, 2019, 08:29:36 PM by tarmo888
 #21396

Hopefully, this clears up what the logo is about


This is enlightening, great job.

Merit deserved.


Thanks for the merit.
Also, this bold blue O with white background and bold blue O with light blue background can be seen on stable units in explorer, just scroll up from genesis unit https://explorer.obyte.org/#oj8yEksX9Ubq7lLc+p6F2uyHUuynugeVq4+ikT67X6E= or scroll down from latest units https://explorer.obyte.org/
diyhockey
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January 26, 2019, 01:47:15 PM
 #21397

Any single merchant added obyte for the past 6 month? Is there online retailers in Ukraine where i can spend coins?
btw why confirmation is so slow? Just sent bytes to a friend and waited 12 minutes, even slower than bitcoin Sad . Even after confirmation i see unconfirmed on my device, hub lags far behind.
Thul
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January 26, 2019, 02:29:05 PM
 #21398

Any single merchant added obyte for the past 6 month? Is there online retailers in Ukraine where i can spend coins?
btw why confirmation is so slow? Just sent bytes to a friend and waited 12 minutes, even slower than bitcoin Sad . Even after confirmation i see unconfirmed on my device, hub lags far behind.
The developers and their submissive minions are more concerned with gimmicks than with creating a use.

Other DAG projects now deserve attention. After all, they have a roadmap. I'm curious if anything was understood there:
https://dagcoin.org/
https://travelflex.org/index.php
https://www.kizunacoin.net/
diyhockey
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January 26, 2019, 02:47:44 PM
Last edit: January 26, 2019, 02:58:27 PM by diyhockey
 #21399

Also guys why multisig wallet still not working for the last version? Four month from the last release...

Quote
Other DAG projects now deserve attention. After all, they have a roadmap. I'm curious if anything was understood there:
https://dagcoin.org/
https://travelflex.org/index.php
https://www.kizunacoin.net/
One more DAG and i run out of money, enough is enough Cheesy
tarmo888
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January 27, 2019, 02:29:28 AM
 #21400

Any single merchant added obyte for the past 6 month? Is there online retailers in Ukraine where i can spend coins?
btw why confirmation is so slow? Just sent bytes to a friend and waited 12 minutes, even slower than bitcoin Sad . Even after confirmation i see unconfirmed on my device, hub lags far behind.
There aren't many merchants in Ukraine that accept other cryptocurrencies (there are very few for Bitcoin), so it would be surprising to see altcoins accepted there first, but I would look that as opportunity, anybody can become the first merchant to accept Bytes.
Confirmation is now slow, but it could be faster and has been faster when there are more transactions on the network. Also, most places fully confirm Bitcoin transactions after 6 confirmations because just 1 confirmation is not final, Obyte transaction is final after first confirmation.
Light wallets lag little bit behind, full wallets don't. That is the disadvantage of running using light wallet. Shitty internet connection can affect it too.

Also guys why multisig wallet still not working for the last version? Four month from the last release...
This issue has been fixed already, just new version with the fix has not been released yet because it impacts very small amount of all users. There are many other small fixes in next release that haven't been released yet because they also affect small amount of all users. It's more important to get next release out with less bug than rush out new version with sum bugs fixed and introduce more bugs that could affect bigger number of all users.
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