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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1178008 times)
tranthidung
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January 29, 2019, 01:50:43 AM
 #21441

I don't know those guys, but will search their information and their roles, impacts in the crypto world later.
Other people who have similar understanding about bear market are Ivan Liljeqvist, Ari Paul, Anthony Pompliano and Andreas Antonopoulos.

Exactly!
Bearish market gives smart investors perfect opportunities to start their dream.
It takes a long period (months or years) for their dream come true, but it is worthy due to massive rewards later.
Quote
Basically, most people who are not seeing bear market like this first time.

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January 29, 2019, 12:26:01 PM
 #21442

You talk about the price. Of course, the price of most coins is rising in a bull market. There is no need to be an expert, create a portfolio of shit at random, divide the deposit into parts and buy all the deeps, a year, two, three, up to zero prices it does not matter. You will either lose if you was the last fool or win if you will see another bull.
I meant adoption, the only logical explanation for the existence of cryptocurrency. Obyte saw all types of markets and was not adopted on any of them. There is no reason why this story will not happen again if we will see another bull cycle. It is for this reason that I believe that the point is not in market cycles, but in the absence of network effects. After all Obyte lost community on the bull market.
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January 29, 2019, 02:18:10 PM
 #21443

You talk about the price. Of course, the price of most coins is rising in a bull market. There is no need to be an expert, create a portfolio of shit at random, divide the deposit into parts and buy all the deeps, a year, two, three, up to zero prices it does not matter. You will either lose if you was the last fool or win if you will see another bull.
I meant adoption, the only logical explanation for the existence of cryptocurrency. Obyte saw all types of markets and was not adopted on any of them. There is no reason why this story will not happen again if we will see another bull cycle. It is for this reason that I believe that the point is not in market cycles, but in the absence of network effects. After all Obyte lost community on the bull market.
Don't bother. This has been the topic for two years. On this ear the team is deaf. It feels comfortable in its echo chamber and continues to develop gimmicks without demand.
Apart from gambling, there is no target group worth mentioning, and even those are served more comfortably outside the crypto scene.
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January 29, 2019, 07:37:19 PM
 #21444

You talk about the price. Of course, the price of most coins is rising in a bull market. There is no need to be an expert, create a portfolio of shit at random, divide the deposit into parts and buy all the deeps, a year, two, three, up to zero prices it does not matter. You will either lose if you was the last fool or win if you will see another bull.
I meant adoption, the only logical explanation for the existence of cryptocurrency. Obyte saw all types of markets and was not adopted on any of them. There is no reason why this story will not happen again if we will see another bull cycle. It is for this reason that I believe that the point is not in market cycles, but in the absence of network effects. After all Obyte lost community on the bull market.


What? Where did I even mentioned the price before? Bear market is not only about price. Let me explain it to you again.

People leave cryptocurrencies during bear market. Bitcoin was losing adoption even during bull market because Lightning was not available and fees were high. For example, Steam was one of those stopped accepting Bitcoins during bull-market, that was on Dec 6, 2017. Bear market started in mid-January 2018.

Obyte also had more adoption during bull-market, some of the bot operators stopped running mid-2018 (some of their code was bought and open-sourced for others to run).
Obyte didn't lose community during bull-market, it lost most when Bitcoin moondrop was cancelled, which was in February 2018, month after the bear market started.

It's all about the market cycles. Those who are wise enough, prepare for next bull-market by building, others just whine how bad everything is. Ethereum was built when everybody lost interest in cryptocurrencies after Mt.Gox and Silk Road, lot of people though that Bitcoin was done then, just like lot of people think now. Binance was built also before bull-market, now they are biggest. They would not be biggest if they started building during bull-market.


What's the other one besides Bitcoin? Ripple, Ethereum, Litecoin or Dogecoin? These are one of the oldest coins out there, so it is not surprising that they have more network effect.
Did Bitcoin foundation made all those deals that Bitcoin is more accepted than others? No. Obviously the communities are decreasing during the bear market, there was lot of companies who accepted Bitcoin too before the fees went nuts, they discontinued accepting Bitcoin. Many haven't still returned even that fees have gone down and Lightning has become available, many still don't even use native-SegWit (P2WPKH) or pay-to-script-hash (P2SH), but old pay-to-pubkey-hash (P2PKH), which takes longer to be confirmed (I could be wrong about that, but SegWit transactions should be possible to validate faster).
Cryptocurrency companies are not like regular companies where partnerships only happen when deals are made. Cryptocurrencies are open-source, so everybody can become a merchant, you don't need to ask permision for that. If you like the old adoptions-by-deals approach then maybe Ripple is your kind of coin.
Now, during the bear market, it is time to build all those intergrations and those who are ready for next bull-run, benefit from that more.
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January 29, 2019, 08:27:47 PM
 #21445

I case someone missed the news, we are having a poll about the future exchange listings

https://medium.com/obyte/obyte-on-new-exchanges-92f8bb1d0506


Some checkboxes and then some textboxes for further clarification might be a bit more efficient for this questionnaire.

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January 31, 2019, 01:21:34 AM
 #21446

Now, during the bear market, it is time to build all those intergrations and those who are ready for next bull-run, benefit from that more.
I like the sentence utmost.
As Vitalik (ETH's founder) said somewhere else, bearish period is the time to concentrate more on building up intrinsic value from technical developments.
ETH, years ago, born and grown like this.

Yeah, Vitalik Buterin is great inspiration for me, I also like his view on how ridiculous are those ICOs/testnets who promise high-TPS.
Other people who have similar understanding about bear market are Ivan Liljeqvist, Ari Paul, Anthony Pompliano and Andreas Antonopoulos.
Basically, most people who are not seeing bear market like this first time.


Obyte founder more on Reddit not Bitcointalk https://www.reddit.com/r/obyte
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February 02, 2019, 06:54:27 PM
 #21447

Quote
Valerius Coppens: More collaboration will help speed up mass adoption of technology
Valerius Coppens explains how Obyte aims to solve issues of unpredictability of fees and scalability as the technology moves towards mass adoption
https://coinrivet.com/valerius-coppens-more-collaboration-will-help-speed-up-mass-adoption-of-technology/
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February 04, 2019, 08:30:05 AM
 #21448

Nice to know it's quiet here now  Cool

Obyte community no longer uses this thread, FYI, just Slack and Reddit https://www.reddit.com/r/obyte
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February 04, 2019, 12:41:06 PM
 #21449

Nice to know it's quiet here now  Cool

Obyte community no longer uses this thread, FYI, just Slack and Reddit https://www.reddit.com/r/obyte

Is there any reasonable explanation for this step? Of course, if it's an official statement.
I can understand for Reddit, but Slack?

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February 04, 2019, 01:14:01 PM
 #21450

Nice to know it's quiet here now  Cool

Obyte community no longer uses this thread, FYI, just Slack and Reddit https://www.reddit.com/r/obyte

Is there any reasonable explanation for this step? Of course, if it's an official statement.
I can understand for Reddit, but Slack?

I think someone has forgotten to update that spam bot. Officially, Obyte has moved from Slack to Discord with the rebranding https://www.reddit.com/r/obyte/comments/aix23f/please_sign_up_to_our_new_discord_community_our/
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February 04, 2019, 02:12:44 PM
 #21451

I think someone has forgotten to update that spam bot. Officially, Obyte has moved from Slack to Discord with the rebranding https://www.reddit.com/r/obyte/comments/aix23f/please_sign_up_to_our_new_discord_community_our/
After the rebranding process from Byteball to Obyte, I got it.
Byteball has fallen very significantly since its all time high last year, but it seems that it is general difficult of crypto, not only Obyte.
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February 05, 2019, 12:59:46 PM
 #21452

Quote
but it seems that it is general difficult of crypto, not only Obyte.
what is mean that obyte is not better other shit
You're wrong about that. They sell portable coolers in the Antarctic, while their competitors sell heavy refrigerators and freezers there.
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February 05, 2019, 02:16:00 PM
 #21453

this coin have one of the biggest community, it's really a Pity not on any major exchanges

how about binance?
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February 05, 2019, 03:51:28 PM
 #21454

this coin have one of the biggest community, it's really a Pity not on any major exchanges

how about binance?
Anyone could use BISQ without registration and KYC, then at least the volume would increase there. Furthermore one would have his money under constant own control. - Other Exchanges do not need serious users.

But of course you are right: Except for speculation, Zero-Byte is not usable.
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February 05, 2019, 04:29:06 PM
 #21455

this coin have one of the biggest community, it's really a Pity not on any major exchanges

how about binance?
Anyone could use BISQ without registration and KYC, then at least the volume would increase there. Furthermore one would have his money under constant own control. - Other Exchanges do not need serious users.

But of course you are right: Except for speculation, Zero-Byte is not usable.

No amount of new exchanges would make Obyte suddenly moon in bear market. When Bitcoin goes up, altcoins go up, when Bitcoin drops, altcoins drop even more.
Bittrex is one of the major exchanges and you don't need BISQ to buy bytes without KYC. Even Byte-BTC exchange bot in Obyte wallet has more volume than on BISQ for same pair.

For low-volume altcoins like Obyte, the biggest factor that affects the price is amount of people who are willing to dump the bytes at any price. If the buy wall is only as strong as 25GB then anybody with 100GB can make the price drop hard by just selling all at once. Now if you have more markets with even weaker buy walls then users have even more options where they can dump the price. There needs to be more demand before more exchanges.

Users who FUD the coins that they themselves hodl are the biggest mystery for me. I think that only happens in crypto-verse, haven't noticed any other investors doing something stupid as that.
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February 05, 2019, 05:23:09 PM
 #21456

this coin have one of the biggest community, it's really a Pity not on any major exchanges

how about binance?
Anyone could use BISQ without registration and KYC, then at least the volume would increase there. Furthermore one would have his money under constant own control. - Other Exchanges do not need serious users.

But of course you are right: Except for speculation, Zero-Byte is not usable.

the reason is simple there is nohype. and binance has long not added projects that do not bring they money. you can criticize for this but they are right. in this market there are very few real people who believe in the technology itself. and that means everyone only looks at money including cz.
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February 05, 2019, 06:30:48 PM
 #21457

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Users who FUD the coins that they themselves hodl are the biggest mystery for me. I think that only happens in crypto-verse, haven't noticed any other investors doing something stupid as that.
"It's when the tide goes out that you find out who has been swimming naked," people cease to engage in self-deception when the essence of their bags becomes obvious
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February 05, 2019, 09:56:43 PM
 #21458

this coin have one of the biggest community, it's really a Pity not on any major exchanges

how about binance?
Anyone could use BISQ without registration and KYC, then at least the volume would increase there. Furthermore one would have his money under constant own control. - Other Exchanges do not need serious users.

But of course you are right: Except for speculation, Zero-Byte is not usable.

No amount of new exchanges would make Obyte suddenly moon in bear market. When Bitcoin goes up, altcoins go up, when Bitcoin drops, altcoins drop even more.
Bittrex is one of the major exchanges and you don't need BISQ to buy bytes without KYC. Even Byte-BTC exchange bot in Obyte wallet has more volume than on BISQ for same pair.

For low-volume altcoins like Obyte, the biggest factor that affects the price is amount of people who are willing to dump the bytes at any price. If the buy wall is only as strong as 25GB then anybody with 100GB can make the price drop hard by just selling all at once. Now if you have more markets with even weaker buy walls then users have even more options where they can dump the price. There needs to be more demand before more exchanges.

Users who FUD the coins that they themselves hodl are the biggest mystery for me. I think that only happens in crypto-verse, haven't noticed any other investors doing something stupid as that.
Decentralized crypto currencies (sure, Zero-Byte is not one of them) are of course only useful for decentralized exchanges. BISQ also offers the possibility to exchange BTC for Fiat (and vice versa) without KYC.

Those who use centralized exchanges, such as Bittrex, have not understood decentralized crypto currencies. Since even the developers don't understand this, one shouldn't be surprised that apart from speculators hardly anyone is interested in it.

The critics invested in Crypto do not spread FUD but facts that are uncomfortable for the echo chamber. It is logical that it is in their interest that "the team" should come to their senses.
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February 06, 2019, 12:14:42 AM
Last edit: February 06, 2019, 01:56:22 AM by tarmo888
 #21459

this coin have one of the biggest community, it's really a Pity not on any major exchanges

how about binance?
Anyone could use BISQ without registration and KYC, then at least the volume would increase there. Furthermore one would have his money under constant own control. - Other Exchanges do not need serious users.

But of course you are right: Except for speculation, Zero-Byte is not usable.

No amount of new exchanges would make Obyte suddenly moon in bear market. When Bitcoin goes up, altcoins go up, when Bitcoin drops, altcoins drop even more.
Bittrex is one of the major exchanges and you don't need BISQ to buy bytes without KYC. Even Byte-BTC exchange bot in Obyte wallet has more volume than on BISQ for same pair.

For low-volume altcoins like Obyte, the biggest factor that affects the price is amount of people who are willing to dump the bytes at any price. If the buy wall is only as strong as 25GB then anybody with 100GB can make the price drop hard by just selling all at once. Now if you have more markets with even weaker buy walls then users have even more options where they can dump the price. There needs to be more demand before more exchanges.

Users who FUD the coins that they themselves hodl are the biggest mystery for me. I think that only happens in crypto-verse, haven't noticed any other investors doing something stupid as that.
Decentralized crypto currencies (sure, Zero-Byte is not one of them) are of course only useful for decentralized exchanges. BISQ also offers the possibility to exchange BTC for Fiat (and vice versa) without KYC.

Those who use centralized exchanges, such as Bittrex, have not understood decentralized crypto currencies. Since even the developers don't understand this, one shouldn't be surprised that apart from speculators hardly anyone is interested in it.

The critics invested in Crypto do not spread FUD but facts that are uncomfortable for the echo chamber. It is logical that it is in their interest that "the team" should come to their senses.

Well, that is cute, but you can also find a person on LocalBitcoins to exchange cash to BTC, not that hard. There is nothing wrong using centralized exchanges if you don't keep your funds there at all times and send them immediately to your wallet that you have private keys. If you use anything else than "Face to face (in person)" payment method on BISQ then it is no way better than using centralized exchange and it is you who needs to come to your senses. If the payment method is centralized then it as bad as centralized exchange.

It is more safer for normal people to get their cryptocurrencies from centralized exchange than it is to meet somebody they don't know in real life, even if just want to exchange less than 1000usd worth. I hope that centralized exchange will be replaced with decentralized exchanges like BISQ, but we are not there yet and GBYTE volume on BISQ and Byte-BTC exchange bot clearly shows that.
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February 06, 2019, 08:33:33 AM
 #21460

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.
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