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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1227331 times)
diyhockey
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February 07, 2019, 02:50:20 PM
 #21441

Can anyone tell me what the byteball ICOs are doing? Have I heard about some Titan coin?
all 3 ICOs exit scam
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tarmo888
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February 07, 2019, 03:46:46 PM
 #21442

Can anyone tell me what the byteball ICOs are doing? Have I heard about some Titan coin?

Maybe that is more appropriate topic for that question because this is Obyte annoncements topic, not Titan coin.
https://bitcointalk.org/index.php?topic=2378943.0
It would be embarrassing if it was written here, wouldn't it?   Grin

Why would it be written here if it's not that coin ANN topic? Each altcoin as their own topic. Vitalik has been an advisor on Ethereum ICOs in the beginning too, does he give updates on them or is that a responsibility of the token offerer?
bustedsynx
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February 07, 2019, 05:42:23 PM
 #21443

Can anyone tell me what the byteball ICOs are doing? Have I heard about some Titan coin?

Maybe that is more appropriate topic for that question because this is Obyte annoncements topic, not Titan coin.
https://bitcointalk.org/index.php?topic=2378943.0
It would be embarrassing if it was written here, wouldn't it?   Grin

Why would it be written here if it's not that coin ANN topic? Each altcoin as their own topic. Vitalik has been an advisor on Ethereum ICOs in the beginning too, does he give updates on them or is that a responsibility of the token offerer?

It's an honest mistake since all obyte's tokens are found within the official wallet. You can easily get confused especially newbies. While ETH tokens are not even supported natively by popular wallet services.


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Ample_Fire
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February 08, 2019, 05:01:33 AM
 #21444

Above all, it shows that "the team" constantly refuses to develop a real benefit that appeals to the only target group that really needs crypto currencies.

A topic which consistently bounces off the filter bubble. The tarmo commentary makes this all too clear again. The uncomfortable essence of the criticism is simply filtered out.
Yeah, but maybe you are the one who don't see the big picture. The goal is a wide adoption, not just some black market niche, who already has plenty of options.
The growth of the market niche, which you refuse to serve, doubles annually.
For sure it's not me who doesn't see the big picture.
There is still no other target group.
Leave your Echo Chamber and finally arrive in reality.
Nobody is really interested in a coin that is as decentralized as a central bank.
There are therefore more trustworthy alternatives to cash.
Furthermore: (Zero-)Byte... the association... that is not money.


And we got another.. geez. Too much spam on this thread, community and team use Slack and Reddit etc https://www.reddit.com/r/obyte
tyz
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February 08, 2019, 04:40:44 PM
Last edit: February 08, 2019, 05:22:27 PM by tyz
 #21445

all 3 ICOs exit scam
Can you name them here, please.
Naming 3 exit-scam ICOs, please.
 Roll Eyes
OByte (or formerly Byteball) is a very good project.

He talks not about Byteball/Obyte. He talks about the ICOs which were started utilizing Byteball's platform. One of the ICOs is Titan Coin. SilentNotary was another ICO. I remember that there was at least one more but do not have the name.

For all who want to talk about Titan Coin should better use the official thread (even if there is not so much going on).

diyhockey
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February 08, 2019, 07:33:48 PM
 #21446

all 3 ICOs exit scam
Can you name them here, please.
Naming 3 exit-scam ICOs, please.
 Roll Eyes
OByte (or formerly Byteball) is a very good project.

He talks not about Byteball/Obyte. He talks about the ICOs which were started utilizing Byteball's platform. One of the ICOs is Titan Coin. SilentNotary was another ICO. I remember that there was at least one more but do not have the name.

For all who want to talk about Titan Coin should better use the official thread (even if there is not so much going on).
worldopoly another one
miramare
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February 08, 2019, 09:23:31 PM
 #21447

What's the progress instead of the change of the name?
Ample_Fire
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February 09, 2019, 01:18:21 AM
 #21448

What's the progress instead of the change of the name?

Here you go, mate: https://www.reddit.com/r/obyte/

Obyte community no longer uses this thread.  Cool
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February 11, 2019, 07:17:21 AM
 #21449

The price chart of Obyte gives me a greedy feeling to hop on this right now.
https://coinmarketcap.com/currencies/obyte/
After double tops, Obyte decreased gradually, and dramatically to its bottom range.
Why I called it as a bottom range?
It is because the price of Obyte fluctuated in a narrow range recent months, with low volume.
It's good signal that Obyte will start taking off later.
Keep patience and waiting to enjoy the ride of Obyte Grin


Nice insight. Can you share it on Reddit? https://www.reddit.com/r/obyte

tarmo888
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February 11, 2019, 07:45:29 PM
 #21450

Nice insight. Can you share it on Reddit? https://www.reddit.com/r/obyte
During latest two days, bitcoin has one more time shown that it has probably found its bottom.
From which, bitcoin will rise higher, and the rise of bitcoin (if really occurs), will help altcoins significantly.
Obyte, fell terribly since its all time high, or even compared to its all-year-high in 2018.
Together, I have a feeling that Obyte will increase soon as well as bitcoin.

Don't know if it's a bottom, there is still room to go lower this year, even below 2000 usd for short time, probably will bounce back to 2000-2500 range if it goes below 2000.
When Bitcoin drops 50%, altcoins will drop even more, when Bitcoin pumps, altcoins can pump even more.
Future is bright, but the light at the end of the tunnel is yet quite far. Best case scenario, price will double by end of the year and go nuts next year because of halving.
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February 11, 2019, 08:13:05 PM
Last edit: February 11, 2019, 08:38:42 PM by fuk
 #21451

Quote
because of halving
halving does not reduce the number of coins in circulation, but only reduces the printing of new ones.
328500 btc will not be mined annually next years after this halving or less than 1.9% of the supply in circulation. It is unlikely that this is enough to change anything other than a hashrate.
besides that a shit show can't last forever. It possible that it was the last cycle for useless altcoins.
besides that bitcoin is in bad position. It need to keep big hashrate to be safe against 51 attack. This is achieved either by an ever-increasing price, or by fees. Both scenarios unrealistic. Nothing is grow forever. Users will not use system with $100 fees. Community rejected a proposal to increase the block, therefore, increasing the pool of fees by increasing the number of users (without increasing the fees themselves) also will not work.
tarmo888
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February 11, 2019, 08:56:52 PM
 #21452

Quote
because of halving
halving does not reduce the number of coins in circulation, but only reduces the printing of new ones.
328500 btc will not be mined annually next years after this halving or less than 1.9% of the supply in circulation. It is unlikely that this is enough to change anything other than a hashrate.
besides that a shit show can't last forever. It possible that it was the last cycle for useless altcoins.


So, do you think that miners will start selling BTC without profit? Or they start selling their previously earned profit at lower value?
Like you said, it reduces the printing of the new ones. And who is getting the new ones? Miners.
This means miners need to ask twice as much for BTC than they ask now and half as much new coins enter the market as before. They are not getting magically 2 times more powerful ASICs, that's for sure.

Bitcoin price has increased in anticipation of halving previous times, so you are saying that this time it won't do that anymore? How is this time so much different?
The whole logic of Bitcoin mining distribution is build on that price will increase with every halving for next 100 years, so eventually the price would be high enough that miners can live off the transactions fees.

With every halving, bigger marketcap coins become more stable and have more moderate bull-runs (on logarithmic scale). Altcoins that are still alive and are ready for next bull-run, win the most from it. That's why it's important to keep building while it's bear market.
D3m0nKinGx
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February 11, 2019, 09:07:05 PM
 #21453

Any ETA for updating the Branding of the wallet ?

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rendravolt
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February 11, 2019, 09:41:09 PM
 #21454

Isn't this a thread byteball? since when rebranding to Destination? I don't know the specific information about this, if anyone knows, give me the information link.
Thanks.

STUDENTCOIN


















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maximumcoin
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February 12, 2019, 01:16:47 AM
 #21455

Isn't this a thread byteball? since when rebranding to Destination? I don't know the specific information about this, if anyone knows, give me the information link.
Thanks.

Byteball rebranded to Obyte around one month ago.
I am not sure exact day of the rebranding process, but you can spend a couple of mins to check it yourself by scanning previous pages.
New avatar of the project looks simpler than the avatar of former Byteball.

jhenfelipe
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February 12, 2019, 02:00:53 AM
 #21456

Isn't this a thread byteball? since when rebranding to Destination? I don't know the specific information about this, if anyone knows, give me the information link.
Thanks.
It was announced last January 17. You can see a detailed explanation in their Medium post about the rebranding:
https://medium.com/obyte/byteball-rebrand-the-next-step-to-real-world-adoption-6a0a924390de
tarmo888
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February 12, 2019, 07:59:33 AM
 #21457

Any ETA for updating the Branding of the wallet ?

Rebranding of the wallet is done in source code, will be released with new version.
Ample_Fire
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February 12, 2019, 08:37:05 AM
 #21458

Fairly nice discussion here, perhaps we can all do this on Reddit?

Also, Obyte founder discusses more on Reddit. Not Bitcointalk.

https://www.reddit.com/r/obyte
fuk
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February 12, 2019, 09:36:18 AM
 #21459

Quote
because of halving
halving does not reduce the number of coins in circulation, but only reduces the printing of new ones.
328500 btc will not be mined annually next years after this halving or less than 1.9% of the supply in circulation. It is unlikely that this is enough to change anything other than a hashrate.
besides that a shit show can't last forever. It possible that it was the last cycle for useless altcoins.


1. So, do you think that miners will start selling BTC without profit? Or they start selling their previously earned profit at lower value?
2. Like you said, it reduces the printing of the new ones. And who is getting the new ones? Miners.
This means miners need to ask twice as much for BTC than they ask now and half as much new coins enter the market as before. They are not getting magically 2 times more powerful ASICs, that's for sure.
3. Bitcoin price has increased in anticipation of halving previous times, so you are saying that this time it won't do that anymore? How is this time so much different?
4. The whole logic of Bitcoin mining distribution is build on that price will increase with every halving for next 100 years,
5. so eventually the price would be high enough that miners can live off the transactions fees.
1. Retail miners will not mining BTC in loss for a long time and will shut down their farms. Big farms may do it some time and don't sell BTC in loss, but after all they become bankrupt. You can google these stories.
2. The price is formed not only by miners. The share of new generated coins is below 0.9%. This is a consensus between all sellers and buyers. If miners do not sell at the market price, they will not receive fiat and will not be able to pay bills. They will have to close the farms, mining difficulty will decreasing until reaches the break-even point.
3.
- Correlation does not imply causation
- Historical events are a reflection of the past and not a forecast of the future
- Past performance is no guarantee of future results
- for any conclusions you need a sample of 1000 halvings at least. You make conclusions with sample of 1 halving.
I ddn't say it won't or it will. That's you speak as if you came to us from the future. I am only pointing out flaws in your story. And actually this time is different. Capitalization has increased significantly. Bandwidth has reached the limit (I mean that now it is not just a story of haters).
4. The whole logic of Bitcoin mining distribution is not the law. It can work just as well as not work.
5. Do you mean if BTC will cost $100mm now, it will be fine to pay $1k fees? Cheesy . The whole logic of Bitcoin mining was fair distribution of coins and network protection. I doubt that the idea was to subsidize miners at the expense of buyers. You can find Satoshi's posts on this forum and read everything yourself. The fact is that 1mb block size was a temporary solution to a problem called spam. Initially there were no block size limit. It is logical to assume that under such conditions miners would live at the expense of volume (volume of transactions) and not at the expense of high fees or subsidies. But again, now it become political. So read yourself, in any case it is interesting to find out how it all began.
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February 12, 2019, 11:07:11 AM
 #21460


1. So, do you think that miners will start selling BTC without profit? Or they start selling their previously earned profit at lower value?
2. Like you said, it reduces the printing of the new ones. And who is getting the new ones? Miners.
This means miners need to ask twice as much for BTC than they ask now and half as much new coins enter the market as before. They are not getting magically 2 times more powerful ASICs, that's for sure.
3. Bitcoin price has increased in anticipation of halving previous times, so you are saying that this time it won't do that anymore? How is this time so much different?
4. The whole logic of Bitcoin mining distribution is build on that price will increase with every halving for next 100 years,
5. so eventually the price would be high enough that miners can live off the transactions fees.
1. Retail miners will not mining BTC in loss for a long time and will shut down their farms. Big farms may do it some time and don't sell BTC in loss, but after all they become bankrupt. You can google these stories.
2. The price is formed not only by miners. The share of new generated coins is below 0.9%. This is a consensus between all sellers and buyers. If miners do not sell at the market price, they will not receive fiat and will not be able to pay bills. They will have to close the farms, mining difficulty will decreasing until reaches the break-even point.
3.
- Correlation does not imply causation
- Historical events are a reflection of the past and not a forecast of the future
- Past performance is no guarantee of future results
- for any conclusions you need a sample of 1000 halvings at least. You make conclusions with sample of 1 halving.
I ddn't say it won't or it will. That's you speak as if you came to us from the future. I am only pointing out flaws in your story. And actually this time is different. Capitalization has increased significantly. Bandwidth has reached the limit (I mean that now it is not just a story of haters).
4. The whole logic of Bitcoin mining distribution is not the law. It can work just as well as not work.
5. Do you mean if BTC will cost $100mm now, it will be fine to pay $1k fees? Cheesy . The whole logic of Bitcoin mining was fair distribution of coins and network protection. I doubt that the idea was to subsidize miners at the expense of buyers. You can find Satoshi's posts on this forum and read everything yourself. The fact is that 1mb block size was a temporary solution to a problem called spam. Initially there were no block size limit. It is logical to assume that under such conditions miners would live at the expense of volume (volume of transactions) and not at the expense of high fees or subsidies. But again, now it become political. So read yourself, in any case it is interesting to find out how it all began.

1. Who is going to mine Bitcoin then? So, you predict that instead of price at least doubling, hashrate will half instead? When has that happened before?
3. There has been more than one halving before and this time it is not different, just like it wasn't different last time. That whole "this time it's different" logic is also why people get burned with bull-runs because they think that this time it won't crash, it will crash again and again.
Historical data can't predict the future for stock, but you can't also ignore it. Because of the distribution, Bitcoin cycles are not so much like stocks.
Bandwidth hit the limit during the bull-run and fees were high, it's not a problem right now. Lightning will make it less an issue during next bull-run.
5. Why $1k fees now? The reward is just halving, not divided by 10. It has 100 years to go in order to replace the rewards with transaction fees. During that time, 1mb block size can be increased as well. Also, because of SegWit, more improvements on how many transactions can be fit into same size block will be done, so both of these will mean that there will be unpredictable amount of transactions on mainnet in 100 years.

I wasn't into Bitcoin in the beginning. To be honest, I even thought that XRP made more sense, but having invested half of my time as developer in this space during last 1.5 years, I have found that somebody who likes altcoin like Obyte, which has found a different solution to problems that Bitcoin has, hating whatever is TOP3 is kind of stupid. More better TOP3 does, the more chances Obyte also has.

I don't mind anymore (but I am glad it has stopped) that over 50% of bytes were airdropped to BTC holders because without BTC, there wouldn't probably be Obyte.
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