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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1165340 times)
diyhockey
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May 18, 2019, 06:34:56 AM
 #21781

Lol tarmo still being most abrasive community manager ever. Network still controlled by one Russian dude. Gbyte at all time low versus BTC. Looks like I didn't miss much in last few months. Keep up the good work fellas Cheesy
You said the truth that Obyte fell to its all time low (or at least all time low range), because I can not check exactly price of all time low range from given chart on coinmarketcap. However, I don't think pessimistic with all time low of Obyte. There are two things that we should notice and deeply consider: price falls nearly been slow down significantly; and volume decreased to very low level over last one year (mainly due to bitcoin drops in 2018 and long winter of crypto in general). Two things above disclose and give us reasonable hope that Obyte might stop its falls soon because its bottom has been already found or nearly close to hit its bottom range (all time low bottom).
there is no bottom. Obyte just refresh ATL time to time

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Out of Obyte control was to know all the other ICO deposit addresses
you are a moon boy, really you can't know what happened before the first distribution. The community knew all the big ICO addresses, and it is a known fact that bittrex did not distribute bytes to bytes traders.
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tarmo888
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May 18, 2019, 10:06:27 AM
 #21782

Lol tarmo still being most abrasive community manager ever. Network still controlled by one Russian dude. Gbyte at all time low versus BTC. Looks like I didn't miss much in last few months. Keep up the good work fellas Cheesy
You said the truth that Obyte fell to its all time low (or at least all time low range), because I can not check exactly price of all time low range from given chart on coinmarketcap. However, I don't think pessimistic with all time low of Obyte. There are two things that we should notice and deeply consider: price falls nearly been slow down significantly; and volume decreased to very low level over last one year (mainly due to bitcoin drops in 2018 and long winter of crypto in general). Two things above disclose and give us reasonable hope that Obyte might stop its falls soon because its bottom has been already found or nearly close to hit its bottom range (all time low bottom).
there is no bottom. Obyte just refresh ATL time to time

Quote
Out of Obyte control was to know all the other ICO deposit addresses
you are a moon boy, really you can't know what happened before the first distribution. The community knew all the big ICO addresses, and it is a known fact that bittrex did not distribute bytes to bytes traders.

It's not even GBYTE/USD all time low, it is GBYTE/BTC all time low, which is hard to predict because it totally depends how volatile BTC/USD price is ($4000 to $8200 in 2 months, $7800 to $7000 to $7400 just in last 48 hours). You talk about GBYTE/BTC all time low because it fits your narrative, but when it comes to BTC price then you never compare it with BTC/ETH or some other pair, it's always compared to something more stable like USD.

Well, maybe the community knows all the big ICO addresses right now too, but it doesn't matter if there is no complete list that you can add to a software. Obyte had 10 rounds of distribution before it was cancelled and by that time, the ICO madness was in full swing and there was no complete list of ICO deposit addresses.

Oh, so now you whine that Bittrex was not giving users bytes for bytes. Just like bytes for BTC, it is not possible to know in advance if it was going to their permanent decision or not. There are many thing that could have done differently, but if your idea is that all whales should have been banned from BTC airdrop then that is ridiculous because you don't know in advance if they will distribute the bytes to their users or not. You can see that only as looking back at it when it is already too late to change it because you already gave out the bytes.

Yeah, whatever, I can be a moonboy if you want, I don't really care because it's not true. It is you who is butthurt about the price, not me. It is you who is spreading FUD, not me. It is you who does nothing to help Obyte, not me. It is you who is obsessed about the price, while I am just calling out your FUD. I don't go around trying to pump or dump the price, I just react to those talk sh!t on project I am working on.
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May 18, 2019, 11:25:47 AM
 #21783

Well, well, well. The above thread replies are giving me signals that Obyte might be bottoming out by now. Obyte needs strong rage quitting and maximum depression before the price finally recovers. It is actually a known market behavior.

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diyhockey
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May 18, 2019, 02:45:58 PM
 #21784

Lol tarmo still being most abrasive community manager ever. Network still controlled by one Russian dude. Gbyte at all time low versus BTC. Looks like I didn't miss much in last few months. Keep up the good work fellas Cheesy
You said the truth that Obyte fell to its all time low (or at least all time low range), because I can not check exactly price of all time low range from given chart on coinmarketcap. However, I don't think pessimistic with all time low of Obyte. There are two things that we should notice and deeply consider: price falls nearly been slow down significantly; and volume decreased to very low level over last one year (mainly due to bitcoin drops in 2018 and long winter of crypto in general). Two things above disclose and give us reasonable hope that Obyte might stop its falls soon because its bottom has been already found or nearly close to hit its bottom range (all time low bottom).
there is no bottom. Obyte just refresh ATL time to time

Quote
Out of Obyte control was to know all the other ICO deposit addresses
you are a moon boy, really you can't know what happened before the first distribution. The community knew all the big ICO addresses, and it is a known fact that bittrex did not distribute bytes to bytes traders.

It's not even GBYTE/USD all time low, it is GBYTE/BTC all time low, which is hard to predict because it totally depends how volatile BTC/USD price is ($4000 to $8200 in 2 months, $7800 to $7000 to $7400 just in last 48 hours). You talk about GBYTE/BTC all time low because it fits your narrative, but when it comes to BTC price then you never compare it with BTC/ETH or some other pair, it's always compared to something more stable like USD.

Well, maybe the community knows all the big ICO addresses right now too, but it doesn't matter if there is no complete list that you can add to a software. Obyte had 10 rounds of distribution before it was cancelled and by that time, the ICO madness was in full swing and there was no complete list of ICO deposit addresses.

Oh, so now you whine that Bittrex was not giving users bytes for bytes. Just like bytes for BTC, it is not possible to know in advance if it was going to their permanent decision or not. There are many thing that could have done differently, but if your idea is that all whales should have been banned from BTC airdrop then that is ridiculous because you don't know in advance if they will distribute the bytes to their users or not. You can see that only as looking back at it when it is already too late to change it because you already gave out the bytes.

Yeah, whatever, I can be a moonboy if you want, I don't really care because it's not true. It is you who is butthurt about the price, not me. It is you who is spreading FUD, not me. It is you who does nothing to help Obyte, not me. It is you who is obsessed about the price, while I am just calling out your FUD. I don't go around trying to pump or dump the price, I just react to those talk sh!t on project I am working on.
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.
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May 18, 2019, 03:44:46 PM
Last edit: May 18, 2019, 04:26:36 PM by tarmo888
 #21785

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%.
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May 18, 2019, 04:35:36 PM
 #21786

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.
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May 18, 2019, 04:53:23 PM
 #21787

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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
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May 18, 2019, 06:18:45 PM
 #21788

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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.
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May 18, 2019, 06:59:07 PM
 #21789

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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
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May 18, 2019, 08:51:45 PM
 #21790

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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.
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May 22, 2019, 07:18:27 PM
 #21791

What's with the dumping?
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May 22, 2019, 08:42:13 PM
Last edit: May 22, 2019, 09:15:13 PM by CryptoUnicornRider
 #21792

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
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May 23, 2019, 03:43:59 AM
 #21793


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.

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motienvolam
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May 23, 2019, 03:47:46 AM
 #21794

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.

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May 23, 2019, 11:06:13 AM
 #21795


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?
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May 24, 2019, 08:41:09 AM
 #21796


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.

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May 24, 2019, 09:33:33 AM
 #21797


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.
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May 25, 2019, 12:26:24 PM
 #21798

obyte ded look the price
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May 25, 2019, 03:55:16 PM
 #21799

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.
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May 25, 2019, 05:56:55 PM
 #21800

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?
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