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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216816 times)
barborrico
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January 18, 2019, 08:32:30 PM
 #21381

It doesn't matter anymore. Byteball is renamed to Obyte and we have to live with that. Only time will tell if this change will have any impact.
It matters.

To do the votation: or KYC (opinion of no KYC users is ignored)

or no-KYC (any form you would choose could be tricked, thus not representing community decision).

Fool, think before write, please.
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sailthor
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January 18, 2019, 09:46:44 PM
 #21382

Haven't visited in awhile, whats the news on the rebrand? Has the new name been publicly announced?
It's finally happening  Grin good moves Tony

tarmo888
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January 18, 2019, 11:46:52 PM
 #21383

If you do the vote then you get names like Crypto McCryproface (google Boaty McBoatface - if you didn't get the reference).

But such name wouldn't win in the voting process. I don't think that the majority of the community would vote for such a stupid name. That's the point of voting - get rid of bad things that people don't like and see what people like.
What do you mean, wouldn't win? Stupid shit wins regularly on public votes. Trump won, Brexit won. Boaty McBoatface won.
https://en.wikipedia.org/wiki/Boaty_McBoatface

The first thing that I thought about when seeing "Obyte" was: "What "O" stands for? Many people will ask themselves this question and nobody will have the answer because it apparently doesn't mean anything.

You think that O was picked randomly and added in front of byte? Did you even read the announcement? Do you even know why this project was called Byteball in the first place? Have you ever even read what is on the website? Kind of difficult to take you seriously when you still haven't figured it out.

Quote
There is no central entity that stores and processes all the payments. Instead, transactions created by users are cryptographically linked to each other, and once you add your new transaction, other users start adding theirs on top of yours, and the number of other transactions that link to your transaction grows like snowball (that's why the O in our name).
backdown00
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January 19, 2019, 12:01:46 AM
 #21384

If you do the vote then you get names like Crypto McCryproface (google Boaty McBoatface - if you didn't get the reference).

But such name wouldn't win in the voting process. I don't think that the majority of the community would vote for such a stupid name. That's the point of voting - get rid of bad things that people don't like and see what people like.
What do you mean, wouldn't win? Stupid shit wins regularly on public votes. Trump won, Brexit won. Boaty McBoatface won.
https://en.wikipedia.org/wiki/Boaty_McBoatface

The first thing that I thought about when seeing "Obyte" was: "What "O" stands for? Many people will ask themselves this question and nobody will have the answer because it apparently doesn't mean anything.

You think that O was picked randomly and added in front of byte? Did you even read the announcement? Do you even know why this project was called Byteball in the first place? Have you ever even read what is on the website? Kind of difficult to take you seriously when you still haven't figured it out.

Quote
There is no central entity that stores and processes all the payments. Instead, transactions created by users are cryptographically linked to each other, and once you add your new transaction, other users start adding theirs on top of yours, and the number of other transactions that link to your transaction grows like snowball (that's why the O in our name).


merkel won.  trump is cool
CryptKeeper
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January 19, 2019, 07:04:27 AM
 #21385

IMO Obyte is a good choice!

There were other proposals I liked more but the final result is what we can market internationally and which doesn’t sound bad or funny in any language, so I’m ok with it.

You can't please everyone, there'll always be some complaining.  Roll Eyes


Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
ptrk
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January 19, 2019, 10:01:52 PM
 #21386

What about the blackbytes? Is that still their name? Somebody propsed Pbytes (p as private). I like the proposal. Abytes (a as anonymous) could be an alternative.
statdude
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January 19, 2019, 11:05:45 PM
 #21387

Whoa, so can someone walk me through how this new name was chosen?

I am glad "ball" was taken out of the name. rofl. But what does the "O" stand for now?

▄█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█▄
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▀█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█▀
  Website
    Twitter
      Gitlab
      Reddit
    Telegram
Whitepaper
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tarmo888
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January 19, 2019, 11:31:50 PM
Last edit: January 19, 2019, 11:45:50 PM by tarmo888
 #21388

Whoa, so can someone walk me through how this new name was chosen?

I am glad "ball" was taken out of the name. rofl. But what does the "O" stand for now?

How is this still mystery?

Quote
Once a unit is broadcast into the network, and other users start building their units on top of it (referencing it as parent), the number of secondary revisions required to edit this unit hence grows like a snowball. That’s why we call this design Byteball (our snowflakes are bytes of data).
~ https://obyte.org/Byteball.pdf

Also, checkout Chapter 9. (Balls) and Chapter 10. (Last ball) in whitepaper.

Quote
There is no central entity that stores and processes all the payments. Instead, transactions created by users are cryptographically linked to each other, and once you add your new transaction, other users start adding theirs on top of yours, and the number of other transactions that link to your transaction grows like snowball (that's why the O in our name).
~ https://obyte.org

So, basically, the O stands for a snowball that is made of bytes.
tarmo888
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January 20, 2019, 12:46:41 AM
 #21389

Based on draw airdrop winner selection algorithm (https://gist.github.com/tonyofbyteball/99b5e5001dc81ed296a0525d5eb38cde) and its revisions, I wrote a Node.js script on Runkit that downloads the snapshot from http://draw.obyte.org/ and recalculates wheter it gets the same results, so here are all the draws so far:
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.6
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.5
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.4
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.3
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.2
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.1

I will keep creating new revisions for upcoming draws too, but you can clone this to your own Runkit account too, this will always download the latest snapshot
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.0
Thul
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January 20, 2019, 08:05:41 AM
 #21390

Whoa, so can someone walk me through how this new name was chosen?

I am glad "ball" was taken out of the name. rofl. But what does the "O" stand for now?
Zero-Bytes

When you think it can't get any worse...  Roll Eyes
Dr_Voidberg
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January 20, 2019, 09:57:24 AM
Merited by tyz (2)
 #21391

So it only took Byteball two years to listen to its earliest users about a name change. Now they have gone from a ridiculously bad name to a neutral bad name. I agree Obyte sounds and looks kinda empty and void (0byte), something an overpriced marketing agency would suggest, oh maybe they did. I get no positive vibe from it, but at least no negative anymore.

My prediction for 2019 is this:
Now 0byte can spend its time trying to get back its userbase from early 2017, which was kicked so often into their 0s by this project that everyone left long ago. Tony will continue to make features that noone asked for, although he seems to have slowed down, which is a pity because blockchain tech has evolved and 0byte is lagging behind.
See you in a year!

See below my old 2018 prediction, I would not have thought that a drop out of the top100 is possible, I remember the days when it approached the top20, but so is crypto.

Byteball was the most disappointing crypto of 2017, it failed due to bad management. Its sad to see that this will continue in 2018. I exited my position when I finally realized that this is not a community driven coin at all, but by one person.

The idea behind Byteball was to bootstrap a large community by means of clever distribution. But no community formed because of the way it was/is handled. Tony doesnt realize this at all, that is the worrying part. The community is just a number count for him.

Users cry for a rebrand/unit change? Users propose a new website for free? Users want to help in developing new features? Users ask for new features? Users have critique? Ignore them all, that is Byteball.

Meanwhile he will continue to develop new features that noone asked for, throw them at us and then disappear again to build new features. There will be no dialogue, no information, no roadmap. No money will be spend on rebrands or advertising or anything like that. In a year Byteball will have a zillion features but noone will know about it or care.

There might be new awkward distribution methods, maybe a surprise partnership with a totally unknown small russian business. That might be enough to stay in Top100, but forget about ever reaching IOTA or Raiblocks levels, that is a totally different management league.
rty
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January 20, 2019, 10:16:41 AM
 #21392


Check out my clone-code on Repl.it for latest snapshot 6:  https://repl.it/repls/GreedySuperficialData
This can even be used without having the file tree visible
tarmo888
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January 20, 2019, 10:32:02 AM
 #21393

So it only took Byteball two years to listen to its earliest users about a name change. Now they have gone from a ridiculously bad name to a neutral bad name. I agree Obyte sounds and looks kinda empty and void (0byte), something an overpriced marketing agency would suggest, oh maybe they did. I get no positive vibe from it, but at least no negative anymore.

My prediction for 2019 is this:
Now 0byte can spend its time trying to get back its userbase from early 2017, which was kicked so often into their 0s by this project that everyone left long ago. Tony will continue to make features that noone asked for, although he seems to have slowed down, which is a pity because blockchain tech has evolved and 0byte is lagging behind.
See you in a year!

See below my old 2018 prediction, I would not have thought that a drop out of the top100 is possible, I remember the days when it approached the top20, but so is crypto.

Byteball was the most disappointing crypto of 2017, it failed due to bad management. Its sad to see that this will continue in 2018. I exited my position when I finally realized that this is not a community driven coin at all, but by one person.

The idea behind Byteball was to bootstrap a large community by means of clever distribution. But no community formed because of the way it was/is handled. Tony doesnt realize this at all, that is the worrying part. The community is just a number count for him.

Users cry for a rebrand/unit change? Users propose a new website for free? Users want to help in developing new features? Users ask for new features? Users have critique? Ignore them all, that is Byteball.

Meanwhile he will continue to develop new features that noone asked for, throw them at us and then disappear again to build new features. There will be no dialogue, no information, no roadmap. No money will be spend on rebrands or advertising or anything like that. In a year Byteball will have a zillion features but noone will know about it or care.

There might be new awkward distribution methods, maybe a surprise partnership with a totally unknown small russian business. That might be enough to stay in Top100, but forget about ever reaching IOTA or Raiblocks levels, that is a totally different management league.

Maybe the problem is you, maybe don't shit-talk a coin and actually use the name like it is indented, it's not 0byte, it's Obyte or Obyte.
I have contributed to Obyte code now almost for a year and I don't see the problems that you describe. So, the problem must be in you.
If you have lost all hope in this coin and sold you coins, why are you still here? Nobody needs you pessimistic predictions, you are not helping.
Thul
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January 20, 2019, 12:29:10 PM
 #21394

No matter what you babble. The first impression counts. And it reads: Zero-Byte
diyhockey
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January 20, 2019, 12:47:42 PM
Last edit: January 20, 2019, 12:59:26 PM by diyhockey
 #21395

So it only took Byteball two years to listen to its earliest users about a name change. Now they have gone from a ridiculously bad name to a neutral bad name. I agree Obyte sounds and looks kinda empty and void (0byte), something an overpriced marketing agency would suggest, oh maybe they did. I get no positive vibe from it, but at least no negative anymore.

My prediction for 2019 is this:
Now 0byte can spend its time trying to get back its userbase from early 2017, which was kicked so often into their 0s by this project that everyone left long ago. Tony will continue to make features that noone asked for, although he seems to have slowed down, which is a pity because blockchain tech has evolved and 0byte is lagging behind.
See you in a year!

See below my old 2018 prediction, I would not have thought that a drop out of the top100 is possible, I remember the days when it approached the top20, but so is crypto.

Byteball was the most disappointing crypto of 2017, it failed due to bad management. Its sad to see that this will continue in 2018. I exited my position when I finally realized that this is not a community driven coin at all, but by one person.

The idea behind Byteball was to bootstrap a large community by means of clever distribution. But no community formed because of the way it was/is handled. Tony doesnt realize this at all, that is the worrying part. The community is just a number count for him.

Users cry for a rebrand/unit change? Users propose a new website for free? Users want to help in developing new features? Users ask for new features? Users have critique? Ignore them all, that is Byteball.

Meanwhile he will continue to develop new features that noone asked for, throw them at us and then disappear again to build new features. There will be no dialogue, no information, no roadmap. No money will be spend on rebrands or advertising or anything like that. In a year Byteball will have a zillion features but noone will know about it or care.

There might be new awkward distribution methods, maybe a surprise partnership with a totally unknown small russian business. That might be enough to stay in Top100, but forget about ever reaching IOTA or Raiblocks levels, that is a totally different management league.
This coin has lost its early traction, impressive start and classic altcoin finish. No matter how good things they do, it no longer makes sense for space. Even if Tony invents a "time machine" accept bytes, no one will pay any attention to this project. Most likely "time machine" will be forked by another project and people will use it there.
tarmo888
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January 20, 2019, 01:26:10 PM
 #21396

No matter what you babble. The first impression counts. And it reads: Zero-Byte

No matter what Obyte does, you will not like it. Haters gonna hate.
Thul
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January 20, 2019, 02:15:28 PM
 #21397

The demands were clear and well-founded: Byteball, Bytes and Blackbytes must disappear as terms.
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.
tarmo888
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January 20, 2019, 04:25:44 PM
Merited by julian071 (1)
 #21398

The demands were clear and well-founded: Byteball, Bytes and Blackbytes must disappear as terms.
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.


Whose demands? Your demands? Nobody cares about your demands. You have zero credibility.

People in crypto are weird bunch, they criticise a coin and demand stuff and then sh!t-talk even more because people ignore them.

I think IOTA is shitty coin, but I don't go harass them about it. I focus on good projects.
diyhockey
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January 20, 2019, 06:57:21 PM
 #21399

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.
tarmo888
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January 20, 2019, 10:58:45 PM
Last edit: January 21, 2019, 05:27:21 PM by tarmo888
 #21400

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.
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