Obyte: Totally new consensus algorithm + private untraceable payments

[tarmo888]

The main distribution to Bitcoin addresses occurred in the first round - 10%. The rest of the distribution was insignificant, for the most part it was distribution of bytes on bytes. It is obvious that the main gain went to the bytes received in the first distribution. I have never opposed whales. The only time I actively participated in the discussion about ICO addresses was the first distribution. We knew all the major ICO addresses from the time they were linked to the snapshot. It was enough to remove 4 addresses. The same goes for Bittrex, they did not link Bitcoins, they simply received bytes on the deposits of their users and never distributed them. One such case was enough to remove Bittrex address. But again this was not done. Stop spreading this bullshit that we didn't know the addresses. We knew them all.
you know nothing about history of this coin so shut up and enjoy the flight down. You can be sure that no user who has spent time studying the coin will not be fooled by your bullshit. They all recognize the true distribution situation.

LOL, how is 10% of supply a main distribution if 9 rounds after that distributed another 54%. The first round was biggest compared to every individual round after that, but certainly was not a main one, or whatever you mean by the word "main". It's nothing special that very early adopters have bigger advantage, I guess Obyte decided to ignore your opinion even after the 1st round and that's why you are so butthurt.

Sure, Obyte could have removed Bittrex from the distribution, but maybe then Obyte would not be listed on any regulated exchange today - Obyte didn't pay to get listed there, it was their initiative. If you would have gotten what you wanted by removing Bittrex, maybe Obyte would not even exist anymore because of that.

The fact that you were here during 1st round doesn't make your opinions more valid because you are not involved with Obyte daily acitivites or speak daily with people who were not just in the forums back then, but actually ran this. The distribution amounts are public on the website too, if somebody needs to check out how insignificant is 10% compared to total of 64%.

[tarmo888]

Stop spreading this bullshit that we didn't know the addresses. We knew them all.
you know nothing about history of this coin so shut up and enjoy the flight down. You can be sure that no user who has spent time studying the coin will not be fooled by your bullshit. They all recognize the true distribution situation.

Aah, now I understand what you mean by knowing all the addresses, you mean knowing them once they already linked their addresses. Yeah, I am pretty sure that would have lost all trust from early adopters if Obyte would just removed already linked address. There is huge difference if you block them from linking or if you remove just before the round draw.

[diyhockey]

LOL, how is 10% of supply a main distribution if 9 rounds after that distributed another 54%.

you don't understand what i'm talking about because you're a dumb moon boy. You are so stupid that you cannot even guess why the first distribution determined all the further distribution

[tarmo888]

LOL, how is 10% of supply a main distribution if 9 rounds after that distributed another 54%.

you don't understand what i'm talking about because you're a dumb moon boy. You are so stupid that you cannot even guess why the first distribution determined all the further distribution

Only that it didn't, first round had over 100 000 BTC linked, last rounds had over 1 000 000 BTC linked.

[diyhockey]

LOL, how is 10% of supply a main distribution if 9 rounds after that distributed another 54%.

you don't understand what i'm talking about because you're a dumb moon boy. You are so stupid that you cannot even guess why the first distribution determined all the further distribution

Only that it didn't, first round had over 100 000 BTC linked, last rounds had over 1 000 000 BTC linked.

t will be great if you find the distribution coefficient and calculate how many bytes received 1m of bitcoins for all rounds and how many received Lisk with its 1st round bytes stack

[tarmo888]

LOL, how is 10% of supply a main distribution if 9 rounds after that distributed another 54%.

you don't understand what i'm talking about because you're a dumb moon boy. You are so stupid that you cannot even guess why the first distribution determined all the further distribution

Only that it didn't, first round had over 100 000 BTC linked, last rounds had over 1 000 000 BTC linked.

t will be great if you find the distribution coefficient and calculate how many bytes received 1m of bitcoins for all rounds and how many received Lisk with its 1st round bytes stack

100 000 GB for linked 121 765 BTC in first round.
545 000 GB for recieved Bytes from earlier rounds and for linked Bitcoin between 145 441 BTC and 1 395 899 BTC. Since Bitcoin is psedo-anonymous, can't really tell how many unique users and how many whales.

Don't need any coeficent, Lisk Foundation received over 6.2% of total supply with all rounds, which means around 62 000 GB. That's under 10% of whole BTC distribution. https://explorer.obyte.org/#XCQ3LC6BSRGLPKC6LDQBTHZBKHLGIS5B

Not great, but not end of the world either. I rather have it in hands who belived in this project since first round and still hold those Bytes than those who just dump to exchanges at market price. Looks like Lisk Foundation doesn't care about GBYTE/BTC price and how can you be mad about the Bytes that you got it for free anyway.

So, Bittrex users' balances are on this address https://explorer.obyte.org/#QR542JXX7VJ5UJOZDKHTJCXAYWOATID2
Are you saying that most of that doesn't actually belong to users and are Bytes that they claimed for user balances?
And how was Obyte suppose to know that they will not start distributing those to their users?
And why would Obyte ban them if they believed in Obyte enough that they listed Obyte for no cost?
So, who else don't deserve those Bytes in your opinion? https://stats.obyte.org/Top100Richest.php

All in all, Obyte tried something different with BTC distribution and it didn't delivered what was expected and it was cancelled after 10 rounds.

[mishax1]

What's with the dumping?

[CryptoUnicornRider]

What's with the dumping?

Hi mishax1,

Don't know. Maybe some small users/holders loosing hope to win the Weekly Draw due to the megawhale entrance.

https://www.reddit.com/r/obyte/comments/br42vl/mega_obyte_whale_king_enters_the_weekly_draw/

Others theories are possible (someone seems to have sold around 100 Gb in urgence around 13h35 UTC followed by 140 around 16h19 UTC and could have created a panic dump) but there is no move in the Top 100.

Bye

[ePesoInitiative]

~megawhale entrance.

https://www.reddit.com/r/obyte/comments/br42vl/mega_obyte_whale_king_enters_the_weekly_draw/

Yikes! Why would the dev team allow an Obyte megawhale join the weekly draw? Hasn't he have enough already? There should have been exclusions added to the weekly draw. I was led to believe that the draw was some form of distribution. Continued distribution of remaining bytes to the largest holders is nuts.

[motienvolam]

there is no bottom. Obyte just refresh ATL time to time

When everyone or most of us feel tired with repeatedly all time lows of Obyte, the coin will surely hit its true all time bottom, from which Obyte will recover.  If we look back at the history of DASH, Monero, or Ethereum, they all experienced hard periods in their histories, then after survived through all tough time, and actually developed well with innovative technologies for blockchain industry, they all blossomed later. Obyte, in reality, has innovative technology, and if we simply discuss about its transaction; I can say that Obyte brings amazing transaction speeds, cheap fees, and it works smoothly many times I did my Obyte transactions. One more plus point is Obyte does not require mining rigs to confirm transactions, that is really good for our planet, in environmental aspect.

[tarmo888]

~megawhale entrance.

https://www.reddit.com/r/obyte/comments/br42vl/mega_obyte_whale_king_enters_the_weekly_draw/

Yikes! Why would the dev team allow an Obyte megawhale join the weekly draw? Hasn't he have enough already? There should have been exclusions added to the weekly draw. I was led to believe that the draw was some form of distribution. Continued distribution of remaining bytes to the largest holders is nuts.

Because that is the main point of the draw airdrop, you hold more bytes on your address and you increase your chances to win.
The draw is still a random lottery, just whales and attested users have more tickets to that draw. There are 2 draws, unattested users get only 0.01 points per GB.
Everybody has a possibility to buy more GBYTE from exchanges and add it to their address to increase their chances in next draw.

Are you saying that we should ban people from draw airdrop who get too much GBYTE on their address? And how are we suppose to do that if they could distribute these bytes to as many addresses they like?

[ePesoInitiative]

~megawhale entrance.

https://www.reddit.com/r/obyte/comments/br42vl/mega_obyte_whale_king_enters_the_weekly_draw/

Yikes! Why would the dev team allow an Obyte megawhale join the weekly draw? Hasn't he have enough already? There should have been exclusions added to the weekly draw. I was led to believe that the draw was some form of distribution. Continued distribution of remaining bytes to the largest holders is nuts.

Because that is the main point of the draw airdrop, you hold more bytes on your address and you increase your chances to win.
The draw is still a random lottery, just whales and attested users have more tickets to that draw. There are 2 draws, unattested users get only 0.01 points per GB.
Everybody has a possibility to buy more GBYTE from exchanges and add it to their address to increase their chances in next draw.

Are you saying that we should ban people from draw airdrop who get too much GBYTE on their address? And how are we suppose to do that if they could distribute these bytes to as many addresses they like?

That is why Obyte is giving out more tickets to attested addresses by a wide margin. Spreading out your bytes to several addresses won''t help if the addresses are not attested. And I'm sure having many attested addresses by a single owner in the weekly draw would stick out like a sore thumb.

[tarmo888]

~megawhale entrance.

https://www.reddit.com/r/obyte/comments/br42vl/mega_obyte_whale_king_enters_the_weekly_draw/

Yikes! Why would the dev team allow an Obyte megawhale join the weekly draw? Hasn't he have enough already? There should have been exclusions added to the weekly draw. I was led to believe that the draw was some form of distribution. Continued distribution of remaining bytes to the largest holders is nuts.

Because that is the main point of the draw airdrop, you hold more bytes on your address and you increase your chances to win.
The draw is still a random lottery, just whales and attested users have more tickets to that draw. There are 2 draws, unattested users get only 0.01 points per GB.
Everybody has a possibility to buy more GBYTE from exchanges and add it to their address to increase their chances in next draw.

Are you saying that we should ban people from draw airdrop who get too much GBYTE on their address? And how are we suppose to do that if they could distribute these bytes to as many addresses they like?

That is why Obyte is giving out more tickets to attested addresses by a wide margin. Spreading out your bytes to several addresses won''t help if the addresses are not attested. And I'm sure having many attested addresses by a single owner in the weekly draw would stick out like a sore thumb.

So, now you complain that the attested addresses get bonus points? I thought your initial issue was that whales are allowed?
Whales are not usually attested and attested users get bonus for only the first 10GB. That is not wide margin.
The bonus is only given to first attested address. So, attesting multiple addresses won't help, they will have same points as anybody else.
What helps is referring lot of other users to join the draw airdrop, which whales are not doing either.

[fuk]

obyte ded look the price

[afbitcoins]

A quick glance at this thread shows nothing has changed. The focus is still on dribbling out free bytes (in ever smaller amounts) at the complete whim of the coin originator.

The biggest problem with this coin has always been the distribution method, or lack of. That is whats killing it.

[tarmo888]

A quick glance at this thread shows nothing has changed. The focus is still on dribbling out free bytes (in ever smaller amounts) at the complete whim of the coin originator.

The biggest problem with this coin has always been the distribution method, or lack of. That is whats killing it.

And what is your vision of perfect distribution? IMHO, Bitcoin airdrop gave out too many bytes too fast, but maybe it was justified back then when there were more active users.
Now when there are little active users because of bear market, you think giving out small amount of bytes is bad? Would you rather give all out at once to small amount of people?
Don't we have already too many whales? By the way, 200GB-400GB per week is 1%-2% per year inflation, so how is that "lack of", should it be even higher?

[s1lverbox]

obyte ded look the price

So this looks like buy signal to me.

[fuk]

obyte ded look the price

So this looks like buy signal to me.

what are you wait for? Buy it

[bustedsynx]

obyte ded look the price

So this looks like buy signal to me.

Indeed. If I were buying. I'd probably put up a buy order block with a size to accommodate a weekly volume. The volume looks quite dead similar to 2015's average volume of individual altcoins. And then, a few small nibbles into the sell orders for a month or two until I get the fill I need.

[theskillzdatklls]

obyte ded look the price

So this looks like buy signal to me.

Indeed. If I were buying. I'd probably put up a buy order block with a size to accommodate a weekly volume. The volume looks quite dead similar to 2015's average volume of individual altcoins. And then, a few small nibbles into the sell orders for a month or two until I get the fill I need.

Is there any honest development still going into this project? I was a big believer in it earlier, bought a bunch, and now see it's just totally dusted. Pretty disheartening.