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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1226714 times)
diyhockey
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March 14, 2019, 11:17:14 AM
 #21601

I think I'm reaching capitulation point on this project. (Taking big losses on this punt). You don't need investors? Yeh probably not. You never valued them. But good luck, I always liked the tech. Shame it didn't work out for me; Maybe those who stick with it will win in the end

Tell me this, what good is there from those "investors" who just sit on their bag? Where is the value in that?
There is no investors in crypto-space, just speculators. Investing is something else, investors actually support companies they invest into.
How exactly are you loosing money if the GBYTE/USD price has gone up last 3 months and GBYTE/BTC price is same as 6 months ago.
Which coin has performed better during last 3-6 months? BTC, BCH, ETH, XRP?

I think he got into this coin before. In fact, the last 6 months, the price in btc is at the lowest values since the moment of the launch. I think it was around 0.01 only once when Sasha dumped his bytes. And it was literally one hour dump. Then price went back to 0.02 and raised up
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tarmo888
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March 14, 2019, 12:35:23 PM
 #21602

I think I'm reaching capitulation point on this project. (Taking big losses on this punt). You don't need investors? Yeh probably not. You never valued them. But good luck, I always liked the tech. Shame it didn't work out for me; Maybe those who stick with it will win in the end

Tell me this, what good is there from those "investors" who just sit on their bag? Where is the value in that?
There is no investors in crypto-space, just speculators. Investing is something else, investors actually support companies they invest into.
How exactly are you loosing money if the GBYTE/USD price has gone up last 3 months and GBYTE/BTC price is same as 6 months ago.
Which coin has performed better during last 3-6 months? BTC, BCH, ETH, XRP?

I think he got into this coin before. In fact, the last 6 months, the price in btc is at the lowest values since the moment of the launch. I think it was around 0.01 only once when Sasha dumped his bytes. And it was literally one hour dump. Then price went back to 0.02 and raised ut

Pretty much most altcoins are the lowest in their BTC price right now because it has been over year long bear market.

If the goal is to gain more BTC then any TA tool will show that altcoin pumps get weaker with every next bull-run in BTC price, but not in USD price.
GBYTE/BTC rose much more in 2017 June (0.35BTC) than GBYTE/BTC in December 2017 (0.07BTC), but GBYTE/USD rose little bit more on second time (900USD in June 2017 and over 1000USD in December 2017).

If the goal is to gain more USD then, when BTC rises, alts rise more. When BTC falls, alts fall more. If the goal is to gain more BTC then stick to speculation of new coins.
fuk
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March 14, 2019, 01:51:58 PM
 #21603

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If the goal is to gain more USD then, when BTC rises, alts rise more. When BTC falls, alts fall more. If the goal is to gain more BTC then stick to speculation of new coins.
if you earn btc when BTC rises, you earn USD as well
if you earn usd when BTC rises, that's mean better to hold BTC. Less risks higher profits
Most of the coins i followed was in top 50 at the bull and stay in top 50 at the bear. Byteball falled much more of average
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March 15, 2019, 06:48:21 AM
 #21604

If no investors nothing will help. Even hard fork will not help.

Does your educated opinion say something else?

These days most of the coins unnecessary go to the hardfork phase just to create the hyip  and attract the investors. This trend is not so successful if the only mission is to attract the investors. If Obyte has to be valuable, they need to bring is some use cases which actually make people buy the coin.

The only advantage Obyte has currently is its very limited supply which can make the price grow up very quickly, provided investors show interest in this coin.

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March 15, 2019, 09:14:15 AM
Last edit: March 15, 2019, 09:51:51 AM by diyhockey
 #21605

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The only advantage Obyte has currently is its very limited supply
What a bullshit, one Obyte is 1000000000 bytes, 1000000000000000 of coins is not very limited supply  Grin . In any case, a sane person understands that a kilogram of hay weighs as much as a kilogram of nails, even if a kilogram of hay is a stuffed bag, and a kilogram of nails is a handful of iron. Wink
Price is a display of supply and demand
Security demand. Is when coins used for POS or similar ponzi shit - Obyte don't have it.
Usage. Is when coins open doors to exclusive markets, or to the services with better UX - Obyte don't have it.
Speculations. Day trading. Need lot of hype, shill, exchanges, etc  - Obyte don't have it.
imho no need to be a scientists to see the reason for the slow demise of this coin

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March 15, 2019, 01:07:27 PM
Last edit: March 15, 2019, 03:29:19 PM by tarmo888
 #21606

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The only advantage Obyte has currently is its very limited supply
What a bullshit, one Obyte is 1000000000 bytes, 1000000000000000 of coins is not very limited supply  Grin . In any case, a sane person understands that a kilogram of hay weighs as much as a kilogram of nails, even if a kilogram of hay is a stuffed bag, and a kilogram of nails is a handful of iron. Wink
Price is a display of supply and demand
Security demand. Is when coins used for POS or similar ponzi shit - Obyte don't have it.
Usage. Is when coins open doors to exclusive markets, or to the services with better UX - Obyte don't have it.
Speculations. Day trading. Need lot of hype, shill, exchanges, etc  - Obyte don't have it.
imho no need to be a scientists to see the reason for the slow demise of this coin

Would generally agree that supply matters, but do you look at Bitcoin supply also in smallest units, satoshis? Bytes cannot be divided.
Obyte has plenty of use cases and even more feature, which other people can build products on top of.

If you don't find any value of current use cases then why own any GBYTE?
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March 15, 2019, 03:51:36 PM
 #21607

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Obyte has plenty of use cases
lol man Obyte has zero use cases
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March 15, 2019, 03:54:22 PM
 #21608

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Obyte has plenty of use cases
lol man Obyte has zero use cases

... for you.

Still not sure why you stick around. I don't keep my pockets full of foreign currency, which countries I have no plan to go.
fuk
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March 15, 2019, 04:05:56 PM
Last edit: March 15, 2019, 04:39:42 PM by fuk
 #21609

Quote
Obyte has plenty of use cases
lol man Obyte has zero use cases

... for you.

Still not sure why you stick around. I don't keep my pockets full of foreign currency, which countries I have no plan to go.
This is not a foreign currency but candy wrappers that were distributed free of charge. If you look at the amount distributed to the one hands, you will understand that the sale is not worth the effort.
Read this thread, the only participant who was able to see the use cases is you:)
btw there is no any ongoing ico on Obyte Wink
tarmo888
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March 15, 2019, 10:35:58 PM
 #21610

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Obyte has plenty of use cases
lol man Obyte has zero use cases

... for you.

Still not sure why you stick around. I don't keep my pockets full of foreign currency, which countries I have no plan to go.
This is not a foreign currency but candy wrappers that were distributed free of charge. If you look at the amount distributed to the one hands, you will understand that the sale is not worth the effort.
Read this thread, the only participant who was able to see the use cases is you:)
btw there is no any ongoing ico on Obyte Wink

Most people who understand what Obyte is good for are not on Bitcointalk because they have given up on this toxic environment, they are either on Discord, Reddit or Twitter.
Most fiat currencies are candy wrappers, which you can only use in limited places called "countries".
USD is still considered global reserve currency, but in reality, there are many countries where only currency exchanges can accept that currency, all other businesses can't even accept it legally even if they would like to do so. Some countries have so shitty candy wrappers that you can't even wrap candies with it, can't burn for heat and can't wipe your ass.

Most foreign currencies have no use case for me and I don't go around whine about them how they have no use cases. Same with cryptocurrencies, I don't hodl cryptocurrencies that I don't see any point in them. I use Obyte wallet every day, even when there are days when I don't send any transactions.
fuk
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March 16, 2019, 12:01:17 PM
 #21611

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Most fiat currencies are candy wrappers
Agreed. But this does not change the fact that there are practically no merchants accepted bytes. No ico's accepted bytes. And the saddest thing is that there is not even a hint that it will happen.
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March 16, 2019, 03:56:36 PM
 #21612

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Most fiat currencies are candy wrappers
Agreed. But this does not change the fact that there are practically no merchants accepted bytes. No ico's accepted bytes. And the saddest thing is that there is not even a hint that it will happen.

If for you, only "merchants accepting" equals to "use case" or "adoption" then obviously you are holding a wrong currency in your hand. Even exchanging that into BTC would not help you much in that. Maybe stick to fiat candy wrappers, which is accepted everywhere in your country.

Cryptocurrencies a foremost internet currency, so it will get adopted within it's own ecosystem fist and then maybe internet merchants. Maybe never in physical merchants all over the world, but Obyte already has some in Milan.

"no ICO accepted bytes? What, of course they did. There is no ongoing one at the moment, but there is low interest of ICOs during the bear market too. So, can't blame that nobody wants to make a ICO at the moment.
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March 16, 2019, 04:08:56 PM
Last edit: March 16, 2019, 04:19:08 PM by fuk
 #21613

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"no ICO accepted bytes? What, of course they did. There is no ongoing one at the moment, but there is low interest of ICOs during the bear market too. So, can't blame that nobody wants to make a ICO at the moment.
https://www.coindesk.com/6-3-billion-2018-ico-funding-already-outpaced-2017
nobody wants to make ICO on Obyte. There is still huge volume on ethereum

Quote
Cryptocurrencies a foremost internet currency, so it will get adopted within it's own ecosystem
fine, sad that Obyte don't have own ecosystem  Cry As for milano i doubt it's still work. No news over year
tarmo888
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March 16, 2019, 04:41:02 PM
 #21614


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Cryptocurrencies a foremost internet currency, so it will get adopted within it's own ecosystem
fine, sad that Obyte don't have own ecosystem  Cry As for milano i doubt it's still work. No news over year


So, they have to keep coming up with same news "we still accept bytes"? That's odd logic.

No ecosystem? What is this then? Do you even have a wallet installed or you keep all your cryptocurrencies on exchange?

Buy Obyte bytes if you want to:
* do P2P sports betting.
* get P2P flight insurance.
* register your username or email, so people could send you bytes more easily.
* take part of weekly lottery draw where you just need to hold bytes, lottery where nobody loses their funds.
* attest your real name to get additional benefits from other bots.
* post polls and vote on polls.
* take part of other ICOs.
* create your own token.
* post data to DAG or write a script and become an oracle.
* buy private tokens and transact with those.
* buy at shops in Milan.
diyhockey
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March 16, 2019, 06:32:08 PM
Last edit: March 16, 2019, 07:45:31 PM by diyhockey
 #21615


Quote
Cryptocurrencies a foremost internet currency, so it will get adopted within it's own ecosystem
fine, sad that Obyte don't have own ecosystem  Cry As for milano i doubt it's still work. No news over year


So, they have to keep coming up with same news "we still accept bytes"? That's odd logic.

No ecosystem? What is this then? Do you even have a wallet installed or you keep all your cryptocurrencies on exchange?

Buy Obyte bytes if you want to:
* do P2P sports betting.
* get P2P flight insurance.
* register your username or email, so people could send you bytes more easily.
* take part of weekly lottery draw where you just need to hold bytes, lottery where nobody loses their funds.
* attest your real name to get additional benefits from other bots.
* post polls and vote on polls.
* take part of other ICOs.
* create your own token.
* post data to DAG or write a script and become an oracle.
* buy private tokens and transact with those.
* buy at shops in Milan.
An ecosystem is not only a function but also an end product. Functions are needed to developers. Users need a product. Basically, everything you listed has either a crappy UX, as in the case of
* do P2P sports betting - bad UI, bad odds, low liquidity, limited number of events, currency is constantly losing value
* get P2P flight insurance -  bad UI
 or the product is missing, as in the case of
* take part of other ICOs - there is no ICOs.
* buy private tokens and transact with those - there is no usage for private tokens
* create your own token - what for? Another scam? The token must have a value proposition
tarmo888
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March 16, 2019, 11:09:19 PM
 #21616


Quote
Cryptocurrencies a foremost internet currency, so it will get adopted within it's own ecosystem
fine, sad that Obyte don't have own ecosystem  Cry As for milano i doubt it's still work. No news over year


So, they have to keep coming up with same news "we still accept bytes"? That's odd logic.

No ecosystem? What is this then? Do you even have a wallet installed or you keep all your cryptocurrencies on exchange?

Buy Obyte bytes if you want to:
* do P2P sports betting.
* get P2P flight insurance.
* register your username or email, so people could send you bytes more easily.
* take part of weekly lottery draw where you just need to hold bytes, lottery where nobody loses their funds.
* attest your real name to get additional benefits from other bots.
* post polls and vote on polls.
* take part of other ICOs.
* create your own token.
* post data to DAG or write a script and become an oracle.
* buy private tokens and transact with those.
* buy at shops in Milan.
An ecosystem is not only a function but also an end product. Functions are needed to developers. Users need a product. Basically, everything you listed has either a crappy UX, as in the case of
* do P2P sports betting - bad UI, bad odds, low liquidity, limited number of events, currency is constantly losing value
* get P2P flight insurance -  bad UI
 or the product is missing, as in the case of
* take part of other ICOs - there is no ICOs.
* buy private tokens and transact with those - there is no usage for private tokens
* create your own token - what for? Another scam? The token must have a value proposition

So, which is it then? No product or bad UI or lack of users?

Sports betting bot is not function, it's product. Additionally to the chat UI, it also has web UI. https://bb-odds.herokuapp.com/
The functions that it is uses are: chatbot, smart-contracts, sports oracle, payments to smart-contract and payments to bot.
If you don't like the odds or the liquidity, offer better ones, it's P2P, so the odds depends what people offer.
There are tons of events available, most events get the odds 2-3 days before the event, but if you think that you would risk to offer some odds earlier then DO IT.

Flight insurance is also not a function, it's a product. It's only as bot. I get it, you don't like chatbot UI, but that doesn't mean it's bad UI.
The functions that it use are the same as Sports betting bot.

There were ICOs, the fact that there is currently no ongoing ones doesn't change that fact. It's a product when somebody makes the ICO and uses also many Obyte built-in functions.

Private tokens can be exchanged on Freebe exchange, that's not a function either, that's a product built using Obyte functions. Nobody cares and knows what people you use those privacy tokens for.

Your own tokens - use your imagination, but I guess you don't have one because you can only criticize others. Seems like you know very well what is good UX, DO IT then.
diyhockey
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March 17, 2019, 05:31:17 PM
 #21617

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Private tokens can be exchanged on Freebe exchange, that's not a function either, that's a product built using Obyte functions. Nobody cares and knows what people you use those privacy tokens for.
Let's be honest there is no any know markets accepted GBB. People can't use money if merchants do not accept their money.
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March 17, 2019, 09:03:21 PM
 #21618

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Private tokens can be exchanged on Freebe exchange, that's not a function either, that's a product built using Obyte functions. Nobody cares and knows what people you use those privacy tokens for.
Let's be honest there is no any know markets accepted GBB. People can't use money if merchants do not accept their money.

Again the merchants, merchants, merchants. Getting old already.
Merchants already have currency they are fine with, they accept the fiat currency that's official in your country.
Cryptocurrencies have much more use cases than just trading it for goods.
Blackbytes are meant to be traded P2P, so if one centralized merchant would have most of the volume of blackbytes then it weakens its privacy features.
There are exchanges for bytes and exchange for blackbytes. Convert bytes/blackbytes to whatever currency the merchant accepts.
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March 17, 2019, 10:08:52 PM
Last edit: March 17, 2019, 10:25:59 PM by diyhockey
 #21619

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Private tokens can be exchanged on Freebe exchange, that's not a function either, that's a product built using Obyte functions. Nobody cares and knows what people you use those privacy tokens for.
Let's be honest there is no any know markets accepted GBB. People can't use money if merchants do not accept their money.

Again the merchants, merchants, merchants. Getting old already.
Merchants already have currency they are fine with, they accept the fiat currency that's official in your country.
Cryptocurrencies have much more use cases than just trading it for goods.
Blackbytes are meant to be traded P2P, so if one centralized merchant would have most of the volume of blackbytes then it weakens its privacy features.
There are exchanges for bytes and exchange for blackbytes. Convert bytes/blackbytes to whatever currency the merchant accepts.
Currency that can't be spend is not a currency.
tarmo888 - you can exchange your eth on btc, btc on gb, gb on gbb
diyhockey - ok, what for?
tarmo888 - in order to convert them to another currency whatever currency the merchant accepts
Reminds me of how my government works lol
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March 17, 2019, 10:32:53 PM
Last edit: March 17, 2019, 11:02:37 PM by tarmo888
 #21620

Quote
Private tokens can be exchanged on Freebe exchange, that's not a function either, that's a product built using Obyte functions. Nobody cares and knows what people you use those privacy tokens for.
Let's be honest there is no any know markets accepted GBB. People can't use money if merchants do not accept their money.

Again the merchants, merchants, merchants. Getting old already.
Merchants already have currency they are fine with, they accept the fiat currency that's official in your country.
Cryptocurrencies have much more use cases than just trading it for goods.
Blackbytes are meant to be traded P2P, so if one centralized merchant would have most of the volume of blackbytes then it weakens its privacy features.
There are exchanges for bytes and exchange for blackbytes. Convert bytes/blackbytes to whatever currency the merchant accepts.
Currency that can't be spend is not a currency.
tarmo888 - you can exchange your eth on btc, btc on gb, gb on gbb
diyhockey - ok, what for?
tarmo888 - in order to convert them to another currency whatever currency the merchant accepts
Reminds me of how my government works lol


Now you got stuck with the "currency" term. Cryptocurrencies are more that just currencies and it takes time before they are more widely accepted than USD, which is not accepted everywhere either.
If you have traveled to other country, that doesn't accept USD, then you should know, this is how even fiat currencies work - if your destination country doesn't accept your candy wrappers, then you exchange it to their candy wrappers in currency exchange.
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