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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1218291 times)
diyhockey
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April 22, 2019, 06:34:59 PM
 #21701

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I think Obyte has replay-protection built-in by default if the fork is implemented properly, but we have to see.
obc is fork of code, not fork of chain. There will not be this issue. It's a separate coin with own genesis
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tarmo888
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April 22, 2019, 07:10:48 PM
 #21702

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I think Obyte has replay-protection built-in by default if the fork is implemented properly, but we have to see.
obc is fork of code, not fork of chain. There will not be this issue. It's a separate coin with own genesis
How do you know? Haven't seen any code and if it's not a fork of chain, how do they airdrop the coins if it doesn't have the same UTXOs? Is there going to be some bot on Obyte, where I can sign some message like it was with Bitcoin airdrop? Many loose things yet unknown.
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April 22, 2019, 07:34:29 PM
 #21703

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I think Obyte has replay-protection built-in by default if the fork is implemented properly, but we have to see.
obc is fork of code, not fork of chain. There will not be this issue. It's a separate coin with own genesis
How do you know? Haven't seen any code and if it's not a fork of chain, how do they airdrop the coins if it doesn't have the same UTXOs? Is there going to be some bot on Obyte, where I can sign some message like it was with Bitcoin airdrop? Many loose things yet unknown.
i don't know sorry. I think so. Because some addresses will be removed in obc and some funds will change the owners. I think it will be like bitcoin airdrop yes. Obc bot and obyte snapshot imo
i see what you say
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April 24, 2019, 07:51:30 PM
 #21704

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I think Obyte has replay-protection built-in by default if the fork is implemented properly, but we have to see.
obc is fork of code, not fork of chain. There will not be this issue. It's a separate coin with own genesis
How do you know? Haven't seen any code and if it's not a fork of chain, how do they airdrop the coins if it doesn't have the same UTXOs? Is there going to be some bot on Obyte, where I can sign some message like it was with Bitcoin airdrop? Many loose things yet unknown.

He probably figured it from their own description in their post. I think it makes sense.
It's not a blockchain, it's a DAG and I'm not sure if they can even "fork" the way a blockchain would.
As to how they would airdrop, I suppose they can make a list of all addresses and balances on a specific date and then use a script to create transactions of equivalent amounts to the same addresses in their new DAG

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April 25, 2019, 12:07:40 AM
 #21705

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I think Obyte has replay-protection built-in by default if the fork is implemented properly, but we have to see.
obc is fork of code, not fork of chain. There will not be this issue. It's a separate coin with own genesis
How do you know? Haven't seen any code and if it's not a fork of chain, how do they airdrop the coins if it doesn't have the same UTXOs? Is there going to be some bot on Obyte, where I can sign some message like it was with Bitcoin airdrop? Many loose things yet unknown.

He probably figured it from their own description in their post. I think it makes sense.
It's not a blockchain, it's a DAG and I'm not sure if they can even "fork" the way a blockchain would.
As to how they would airdrop, I suppose they can make a list of all addresses and balances on a specific date and then use a script to create transactions of equivalent amounts to the same addresses in their new DAG

You just describe what a UTXO snapshot is (even than Obyte is a DAG, it still uses many of same logic as Bitcoin, including UTXOs), but that doesn't still explain how you get access to those tokens on another fork. Using the same seed words seems like the easiest way, but also the most riskiest for the users. Safest would be a claiming bot or website, but that means that only those who claim will get the new tokens.
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April 25, 2019, 11:01:16 AM
 #21706

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we can easily see that what happened with Obyte is almost the same what happened with Ethereum
bull run - eth #2 , gbyte #40. Eth millions dollars of liquidity. Obyte millions dollars of liquidity.
bear market - eth #2, gbyte #140. Eth millions dollars of liquidity. Obyte few thousands dollars of liquidity, sometimes just few hundreds.
yep almost the same bro
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April 25, 2019, 11:33:36 AM
 #21707

What I actually want you to concentrate on is the same pattern of price charts between Ethereum, Dash, Litecoin, and OByte, it means the Obyte coin might witness same journey as three other coins went. Currently Obyte has stood at $45 (a bit higher than $45), that is very cheap.
https://coinmarketcap.com/currencies/obyte/

You are lucky to figure that out because some are still clueless. All cryptocurrency markets move the same way - they are lumped into one class by investors and traders. So when the dominant coin succeeds, almost every coin does too.


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tarmo888
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April 25, 2019, 12:06:21 PM
 #21708

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we can easily see that what happened with Obyte is almost the same what happened with Ethereum
bull run - eth #2 , gbyte #40. Eth millions dollars of liquidity. Obyte millions dollars of liquidity.
bear market - eth #2, gbyte #140. Eth millions dollars of liquidity. Obyte few thousands dollars of liquidity, sometimes just few hundreds.
yep almost the same bro

Sure, compare CMC rank like it actually means anything. If you lose 10x the marketcap, it doesn't matter if you are still #2 or not, you still lost 10x the marketcap, 100 new coins enters into TOP50 (over 1000 news coins have made in last 2 years) and you get pushed to 150 and suddenly you are shitcoin, makes sense. Obviously Obyte got hit harder because it's not as known as Ethereum, but maybe that partly fault of people like you who keep repeating how bad everything is.

Liquidity of thousand and sometimes even hundreds? Do you mean that time few weeks ago when volume reached 360k or October when it reached 560k, I can't find any day when volumes were sub-thousands
https://coinmarketcap.com/currencies/obyte/historical-data/?start=20180425&end=20190425

If you think liquidity is bad, go provide that liquidity. Oh no, you only have 0.1BTC, so you can't. Why fuzz about the liquidity if you personally don't even need it.
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April 25, 2019, 12:44:11 PM
 #21709


You just describe what a UTXO snapshot is (even than Obyte is a DAG, it still uses many of same logic as Bitcoin, including UTXOs), but that doesn't still explain how you get access to those tokens on another fork. Using the same seed words seems like the easiest way, but also the most riskiest for the users. Safest would be a claiming bot or website, but that means that only those who claim will get the new tokens.

What is the risk? If you are worried they (or someone else) will release a corrupt wallet that steals your keys and original bytes, just move those to a different seed before importing the old seed into obytecash.

It's the same deal with every other fork out there.


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April 25, 2019, 12:46:41 PM
Last edit: April 25, 2019, 01:10:41 PM by diyhockey
 #21710

Quote
Liquidity of thousand and sometimes even hundreds? Do you mean that time few weeks ago when volume reached 360k or October when it reached 560k, I can't find any day when volumes were sub-thousands
liquidity and volume are different concepts.

Quote
If you think liquidity is bad, go provide that liquidity. Oh no, you only have 0.1BTC, so you can't. Why fuzz about the liquidity if you personally don't even need it.
indeed 0.1BTC holders don't required good liquidity, though they still need tight spreads. Not all people in crypto are holders of 0.1BTC, bigger investors need bigger liquidity to be able to easily take and sell position.
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April 25, 2019, 01:51:42 PM
 #21711


You just describe what a UTXO snapshot is (even than Obyte is a DAG, it still uses many of same logic as Bitcoin, including UTXOs), but that doesn't still explain how you get access to those tokens on another fork. Using the same seed words seems like the easiest way, but also the most riskiest for the users. Safest would be a claiming bot or website, but that means that only those who claim will get the new tokens.

What is the risk? If you are worried they (or someone else) will release a corrupt wallet that steals your keys and original bytes, just move those to a different seed before importing the old seed into obytecash.

It's the same deal with every other fork out there.

That's the main concern that most people won't do it and will use their existing seed and blame original Obyte when their wallets get emptied.
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April 25, 2019, 01:59:37 PM
 #21712

Quote
Liquidity of thousand and sometimes even hundreds? Do you mean that time few weeks ago when volume reached 360k or October when it reached 560k, I can't find any day when volumes were sub-thousands
liquidity and volume are different concepts.

Quote
If you think liquidity is bad, go provide that liquidity. Oh no, you only have 0.1BTC, so you can't. Why fuzz about the liquidity if you personally don't even need it.
indeed 0.1BTC holders don't required good liquidity, though they still need tight spreads. Not all people in crypto are holders of 0.1BTC, bigger investors need bigger liquidity to be able to easily take and sell position.

Yes, they are not the same, but where comes the volume when there is no liquidity? Somebody wash trading on both sides for a loss?

You need liquidity if you need dump bigger amounts at market price, basically becoming a taker of the offer. If you don't buy/sell at market price then you are the maker and you are providing the liquidity.

Anyone complaining for not enough liquidity, you can fix it yourself by putting up a buy/sell order, which is not at market price.
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April 25, 2019, 02:10:59 PM
Last edit: April 25, 2019, 03:35:22 PM by diyhockey
 #21713

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Somebody wash trading
exchanges and pnd groups do it to bring attention

Quote
you can fix it yourself by putting up a buy/sell order, which is not at market price.
in the case of obyte, you simply move the trades under your order lol and it's never fill. Situations with buy orders should be better though. Judging by the chart, investors leave the ship in a panic and are happy to fill any buy orders.
whatever you say the market showed the truth - from top 40 down in top 140. Even when the market began to awaken, obyte continues to roll into the abyss.
Bob invested $100 at the top in each coin Ethereum, Litecoin, DASH, obyte
eth 1389 > 164 = $11.8
ltc 362 > 74 = $20.4
dash 1543 > 117 = $7.5
gbyte 1052 > 43 = $4
Now Bob need
200% grow to align with eth - gbyte top 65
400% grow to align with ltc - gbyte top 46
100% grow to align with dash - gbyte top 88
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April 25, 2019, 04:14:32 PM
Last edit: April 26, 2019, 06:00:49 AM by tarmo888
 #21714

Quote
Somebody wash trading
exchanges and pnd groups do it to bring attention

Quote
you can fix it yourself by putting up a buy/sell order, which is not at market price.
in the case of obyte, you simply move the trades under your order lol and it's never fill. Situations with buy orders should be better though. Judging by the chart, investors leave the ship in a panic and are happy to fill any buy orders.
whatever you say the market showed the truth - from top 40 down in top 140. Even when the market began to awaken, obyte continues to roll into the abyss.
Bob invested $100 at the top in each coin Ethereum, Litecoin, DASH, obyte
eth 1389 > 164 = $11.8
ltc 362 > 74 = $20.4
dash 1543 > 117 = $7.5
gbyte 1052 > 43 = $4
Now Bob need
200% grow to align with eth - gbyte top 65
400% grow to align with ltc - gbyte top 46
100% grow to align with dash - gbyte top 88


That's cute that you call those "investors" who dump few GBYTEs at market price. If you set your sell order just 5% worse than market price and it never fills then there must be plenty of liquidity because how else it never fills if GBYTE/BTC went from 0.007 to 0.01 just within couple months.
Real investors don't dump at market price, they sell during longer period, so they could sell it at optimal price. Based on users who use Draw Airdrop, over 90 000 GBYTE has been linked and they are not selling, so it must be just some speculators on exchanges who are dumping.
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April 28, 2019, 05:46:24 PM
 #21715

i am paying for attestation - https://bitcointalk.org/index.php?topic=5137042.new#new

contact me

And what is the purpose or advantage for you to pay someone to perform this attestation? Does Obyte itself not carry out this process?

https://medium.com/obyte/bringing-identity-to-crypto-b35964feee8e

OI
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April 30, 2019, 07:34:32 PM
 #21716

After long preparation, Obyte Foundation is finally established

https://medium.com/obyte/obyte-foundation-is-established-c92a28d2d20e


Simplicity is beauty
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May 01, 2019, 12:46:17 PM
 #21717

After long preparation, Obyte Foundation is finally established
https://medium.com/obyte/obyte-foundation-is-established-c92a28d2d20e
Nice! Next steps looks promising. Hope you really could make a strong diverse team of developers and improve marketing. Tony, you need a rest Wink
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May 05, 2019, 10:08:50 PM
 #21718

After long preparation, Obyte Foundation is finally established
https://medium.com/obyte/obyte-foundation-is-established-c92a28d2d20e
Nice! Next steps looks promising. Hope you really could make a strong diverse team of developers and improve marketing. Tony, you need a rest Wink

Hopefully, this foundation will do better than the other foundations established by other coin communities. It has been a natural step during a coin's development process. I believe it will better organize Obyte's efforts.

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May 05, 2019, 11:34:06 PM
 #21719

Honestly, among altcoins, I fall in love with DASH and Obyte (formerly is Byteball). There are some reasons that I fall in love with Obyte:
- Its graphics is simple, but very professional, and user friendly.
- Its very easy and comfortable steps to do transaction.
- Its very fast and cheap transaction fees (I have never witness network congestion with Obyte).
- For now, I have one more reason to love Obyte, its discounting cheap price.  Tongue
Obyte Foundation is a newest amazing thing that Obyte team made for this project and Obyte community, years after Obyte's (Byteball) birthday.





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May 06, 2019, 08:12:46 PM
 #21720

After long preparation, Obyte Foundation is finally established

https://medium.com/obyte/obyte-foundation-is-established-c92a28d2d20e

Congratulations for this important step!
...
As you might be aware, Obyte went live on December 25, 2016.
...
Yes I remember well - what a crazy time  Cheesy
I hope this beautiful piece of technology gets the appreciation it deserves Kiss
Nice photo by the way - I'm an engineer for bridge construction Wink
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