Obyte: Totally new consensus algorithm + private untraceable payments

[tarmo888]

So, and just 2 days ago on 28th June, there was more than 10BTC volume and that's not only time when the volume was over 10BTC in last month. Did you just waited until the volume dropped under 1BTC, so you could FUD about it? Too bad that you missed 19th June, when the trading volume was only $6,542, all other days it has been 5 digit number.

Please calm down, fella. I took overview on Obyte chart, price trend and volume, so honestly I missed those days you pointed out. Thank you for letting me know about those days. But, please look back at my post, I did not say anything bad about Obyte, and FUD, I did not fud. 
Technically, I would prefer to say good words (good signals, more exactly) for investors. Stable low volume gives experienced investors one of strong signal to accumulate, because it is one of good indicator for bottom range.

Every time the price or volume drops, bunch of people come out of nowhere an point that out, while nobody mentioned anything when price or volume increased.
That causes the price or volume drop even more because the message gives impression that something went wrong while it was just a slow day or rest of the market crashed too (that's usually most common thing and increased amount FUD causes Obyte fall even more than other alts).

That is exactly FUD by definition: Fear, uncertainty, and doubt.
And it is usually executed by the bagholders themselves by echoing negative events. And then everybody is surprised why Obyte is doing so badly, it's not the bad marketing by Obyte, it's a bad marketing by the community who nullify any gains that were done with positive marketing.

What is your understand on what FUD means?

[diyhockey]

soon gbyte will cost as bitcoin dust 

[MostlyGhostly]

lack of community involvement made black bytes look like a cripple without crotches. One more leg kick and this nigger goes to sleep. Im not to reprimand the community for not taking any action in the past to resurrect the faith of nigger byte holders in the coin they possess through systematic pumps. I am to tell people how to make difference in everything they do, even in making crypto. This sucker is dead coz it does not make difference it aint unique.

[diyhockey]

even Marc De Mesel sold his bytes 

[Wekkel]

I think the project is unique enough but it also needs some speculation. Speculation (aka price appreciation) is essentially the only thing in the first stadium that moves the needle higher. Not awesome tech.

[bobq]

Such a pity this thread has been spoiled by Newbie/Junior fudders, who are adding so much background noise to the thread so that any meaningful content is lost.
I'm still wearing the old Byteball signature, and so are others. It would be useful and appropriate if someone would prepare new signatures with the new name, though.

[diyhockey]

Obyte (GBYTE) Rank 214
   

[OrsonJ]

Obyte confuses me. Technologically it's incredibly sexy stuff. I'm surprised it's so far below IOTA and NANO in market cap. I suppose the never-ending distribution isn't helping. It's hard to convince people that something is valuable when you're forever giving it away.

One thing is for sure: that logo and icon are shamefully, shamefully bad. Just incredibly amateur looking. Please consider changing them.

[examplens]

Obyte confuses me. Technologically it's incredibly sexy stuff. I'm surprised it's so far below IOTA and NANO in market cap. I suppose the never-ending distribution isn't helping. It's hard to convince people that something is valuable when you're forever giving it away.

One thing is for sure: that logo and icon are shamefully, shamefully bad. Just incredible amateur looking. Please consider changing them.

Sometimes the simplest is the best. I don't see anything bad in logo design. I like it just because of it's simple.

[StandingTall]

Price update. Hint - don't buy GBYTE yet.

[fuk]

BTC up - gbyte down
BTC do nothing - gbyte down
BTC down - gbyte down
it's simple 0byte ded

[MrChicken1987]

Obyte confuses me. Technologically it's incredibly sexy stuff. I'm surprised it's so far below IOTA and NANO in market cap. I suppose the never-ending distribution isn't helping. It's hard to convince people that something is valuable when you're forever giving it away.

One thing is for sure: that logo and icon are shamefully, shamefully bad. Just incredibly amateur looking. Please consider changing them.

I don't know if that is for sure. I like the logo, but if you have a better suggestion: Feel free. I also think that you might get some Obyte for a good logo. But I think that the logo is pure simplicity and I like it.

But I agree that the never-ending distribution is a big disadvantage. I already said it: We need more usecases. The companies should get some Bytes if a payment was done with Obyte. Cashback for the user included, but the companies should also get.... lets say 5% of the paid Obytes on top.
Or they should get 1000 GBytes if they include Obyte into their payment process until 31st December or something like that.

I love this project so much. I love the tech, I love the ideas, I love the wallet, I love the simplicity. There is so much good about it. If you want, you can use a private coin on the plattform. Transaction fees are amazingly low. I love it.
And I truly think that the price is something that will increase over time.
 
But honestly: You can't do much with bytes. The list of merchants accepting bytes is shamefully short (also there should be a seperate wiki for the merchants). I hold my bytes now since the beginning, but the adoption is painfully slow.
There are almost 9 million dollar unspend at the current market price. There must be something that could be done with so much money in the backhand.

[altcoinb]

But I agree that the never-ending distribution is a big disadvantage. I already said it: We need more usecases. The companies should get some Bytes if a payment was done with Obyte. Cashback for the user included, but the companies should also get.... lets say 5% of the paid Obytes on top.
Or they should get 1000 GBytes if they include Obyte into their payment process until 31st December or something like that.

Cashback or reward for companies is a interesting train of thought! 
The project have 272.141 GB undistributed gbytes left.
With the weekly draw (ca 400gb) it will be need 680 weeks / 13 years...
Ok, i know we have other distribution ways, than it need ~10 years

[tarmo888]

But I agree that the never-ending distribution is a big disadvantage. I already said it: We need more usecases. The companies should get some Bytes if a payment was done with Obyte. Cashback for the user included, but the companies should also get.... lets say 5% of the paid Obytes on top.
Or they should get 1000 GBytes if they include Obyte into their payment process until 31st December or something like that.

Cashback or reward for companies is a interesting train of thought! 
The project have 272.141 GB undistributed gbytes left.
With the weekly draw (ca 400gb) it will be need 680 weeks / 13 years...
Ok, i know we have other distribution ways, than it need ~10 years

That doesn't look like never-ending distribution to me. BTC has never-ending (over 100 years) distribution.

[Wekkel]

With Bitcoin the manner and the distribution scheme is known (set in stone). With GBYTE, it’s basically a number of coins forming an unknown factor and overhang on the market. I like the airdrops. Perhaps dumping can be discouraged by locking airdropped coins in a smart contract of 12 months or so?

[tarmo888]

With Bitcoin the manner and the distribution scheme is known (set in stone). With GBYTE, it’s basically a number of coins forming an unknown factor and overhang on the market. I like the airdrops. Perhaps dumping can be discouraged by locking airdropped coins in a smart contract of 12 months or so?

So, length is not a problem then, but the uncertainty of distributions methods is the problem. That doesn't seem what never-ending means.
Any data that shows that draw airdrops get dumped on exchanges? Seems more like more and more airdrop rewards get linked on draw airdrop and not dumped on exchanges.
The price going up or down on exchanges is usually happening with quite small amounts. If there is dumping, then it's something else than draw airdrop because draw airdrop is the most transparent about who got how much, for other methods you need to do heavy chain analysis.

[tonych]

Most of the activity is on Discord now.  A couple of news that we didn't cross-post to this forum yet:

1. Fabien Marino added to witness list of Obyte default hub
https://medium.com/obyte/fabien-marino-added-to-witness-list-of-obyte-default-hub-5e57865e04bc





2. We are running a photo competition: Take a photo that features an O. Any O! The 3 best photos will be awarded a prize.


It could be a man-made O




Or an O that has occurred naturally in nature



Details: https://medium.com/obyte/show-the-world-your-creative-talents-and-enter-the-obyte-summer-photo-competition-56dc3a170436

[afbitcoins]

With Bitcoin the manner and the distribution scheme is known (set in stone). With GBYTE, it’s basically a number of coins forming an unknown factor and overhang on the market. I like the airdrops. Perhaps dumping can be discouraged by locking airdropped coins in a smart contract of 12 months or so?

Agreed. But I think the airdrops should just be done, no smart contract. Give it to all the holders. At this point any holders left standing are diehard about byteball. Get it over and done with, like ripping off a bandaid. Yes the price might crash more, or maybe not if it really is the diehard holders who would be more likely to hodl. But sfter that all uncertainty of the airdrop is removed. There is no more inflation of supply. The road from there is up.

(ahem not mentioning centralised witnesses at this point)

Bitcoin aren't given away for free you expend a lot of energy to mint new bitcoin. Byteball is a never ending airdrop of a 100% premine at whim of the holder. There is vast difference. Bitconi is predetermined by the protocol. Byteball is .. oh never mind. I've been through this countless times before.

Its laughable that so many are clueless, especially people involved in the project,  why the byteball distribution has been a disaster.

edit. sorry obyte

[jwinterm]

With Bitcoin the manner and the distribution scheme is known (set in stone). With GBYTE, it’s basically a number of coins forming an unknown factor and overhang on the market. I like the airdrops. Perhaps dumping can be discouraged by locking airdropped coins in a smart contract of 12 months or so?

Agreed. But I think the airdrops should just be done, no smart contract. Give it to all the holders. At this point any holders left standing are diehard about byteball. Get it over and done with, like ripping off a bandaid. Yes the price might crash more, or maybe not if it really is the diehard holders who would be more likely to hodl. But sfter that all uncertainty of the airdrop is removed. There is no more inflation of supply. The road from there is up.

(ahem not mentioning centralised witnesses at this point)

Bitcoin aren't given away for free you expend a lot of energy to mint new bitcoin. Byteball is a never ending airdrop of a 100% premine at whim of the holder. There is vast difference. Bitconi is predetermined by the protocol. Byteball is .. oh never mind. I've been through this countless times before.

Its laughable that so many are clueless, especially people involved in the project,  why the byteball distribution has been a disaster.

edit. sorry obyte

Dude. Just take a picture of a man-made or naturally occurring "O" shaped object and be grateful for your crumbs lol.

[tarmo888]

With Bitcoin the manner and the distribution scheme is known (set in stone). With GBYTE, it’s basically a number of coins forming an unknown factor and overhang on the market. I like the airdrops. Perhaps dumping can be discouraged by locking airdropped coins in a smart contract of 12 months or so?

Agreed. But I think the airdrops should just be done, no smart contract. Give it to all the holders. At this point any holders left standing are diehard about byteball. Get it over and done with, like ripping off a bandaid. Yes the price might crash more, or maybe not if it really is the diehard holders who would be more likely to hodl. But sfter that all uncertainty of the airdrop is removed. There is no more inflation of supply. The road from there is up.

Its laughable that so many are clueless, especially people involved in the project,  why the byteball distribution has been a disaster.

You would give rest of the bytes to existing hodlers and what then?
We would still have small amount of users, but they would just have bigger bags.
Any examples of projects that distributed all their coins with just 2-3 years and now they are doing great?

Best way how to get people use Obyte is by giving the tools to use it, which in Obyte case is not just the software, but also the bytes.
Without distribution fund, who would pay for the real name attestation costs of new users, you think companies like Jumio do it for free?
I get it, you think real name attestation is pointless, but you are not an user either, your just hodler, you only wish to see the price to go up.

If anyone is clueless then that's you because you don't see the bigger picture. You just want that instant gratification of seeing nice number on your portfolio that you never cash out.