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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1231359 times)
_sunshine_
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December 24, 2016, 05:17:36 PM
 #2181

Let's focus on the technical side - accusations fueled by greed are harmful and nothing else. I hope the project will be successful and that's the thing we should pray for.
what difference from this shit and an exchanges stack?
really fuck this distribution) i will sell my micro stack as soon, as it possible lol. Just because you accept ICOs shit. Have fun with waves/lisk devs Angry
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Gash
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December 24, 2016, 05:20:55 PM
 #2182

Is it a transition bot that chooses whom it would be more appropriate to talk to or someone behind the canvas who fishes for untutored scumbags and methodically writes their names in a ledger of pending rip-off victims. If u are alright to disclose ur finances to a bot u're a probably a naif, and should be jacked.
willowfoot
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December 24, 2016, 05:27:48 PM
 #2183


Just my opinion, but BTC address that represents a group/foundation/ICO like Lisk or Waves shouldnt be able to participate.

3HsSR84zReeBt5fTMESWJ2y18pMo5gz2Sq - Lisk Foundation
http://www.banklesstimes.com/2016/12/22/lisk-opens-books-announces-not-for-profit-foundation/

Wondered why they waited till the last possible moment  Roll Eyes

Either way I hope this project turns to be a success!

CryptKeeper
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December 24, 2016, 05:36:44 PM
 #2184

Great to have several trading options available right from the start!

Users yassinnxt and seccour are offering their escrow service in the #trading channel on slack.

Cryptox.pl is going to add new market GBYTE/BTC (Giga Byteball), start is planned on 2016-12-27 0:00.

Happy trading everybody!  Grin

Is there a Byteball Slack or is it hosted by another Slack Team?

Get your invite to the byteball slack at http://slack.byteball.org/

Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
cryptonit
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December 24, 2016, 05:37:50 PM
 #2185


Heavy players (cheaters or not.. doesn't matter too much in this case) are popping in... I guess it would be fair to limit the number of Byteballs going into single Byteball address... not to exceed 1-2% of supply... What about that? Otherwise distribution is going to be f**ked up.
thats a pretty good idea but it should not be anounced because else they just split into many small accounts
let them belive they get a shitload

and after linking is ended adjust coin spread to favor "normal" size users

i think the cap should be 100 BTC
any byteball address with linked amount above 100 should be seen as 100 BTC when coins are splitted

this limit can be set higher in next rounds when 1 BTC earns less byteballs

 tonych have to act clever in this initial most important coin rollout round

its free coins noone have a right on it he can adjust the rules with a 100 BTC cap after first block on 25th and the issue is solved


 
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Flomess
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December 24, 2016, 05:50:33 PM
 #2186

The "chat with the Transition Bot" isn't working for me on 2 different broswers and on mobile.
Am i missing something? Please help  Sad

Is this working for anyone tho? Or is it just me having problems?
charles007
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December 24, 2016, 05:59:04 PM
 #2187

The "chat with the Transition Bot" isn't working for me on 2 different broswers and on mobile.
Am i missing something? Please help  Sad

Is this working for anyone tho? Or is it just me having problems?

I'm having the same problems here... not sure what is going on..

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Flomess
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December 24, 2016, 06:06:59 PM
 #2188

The "chat with the Transition Bot" isn't working for me on 2 different broswers and on mobile.
Am i missing something? Please help  Sad

Is this working for anyone tho? Or is it just me having problems?

I'm having the same problems here... not sure what is going on..

OMG, hope it gets fixed very soon or the distribution gets delayed becouse this is pure bs
CryptKeeper
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December 24, 2016, 06:09:03 PM
 #2189

Protip:
for last minute linking it is better to use the signing option, because you don't need to wait for slow bitcoin confirmations!  Grin

Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
Flomess
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December 24, 2016, 06:12:03 PM
 #2190

Protip:
for last minute linking it is better to use the signing option, because you don't need to wait for slow bitcoin confirmations!  Grin

That could be a good tip if only the Transition Bot was operative...
Loco Motive
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December 24, 2016, 06:12:55 PM
 #2191

Jesus fix the transition bot please

                                     
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CryptKeeper
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December 24, 2016, 06:13:16 PM
 #2192

Protip:
for last minute linking it is better to use the signing option, because you don't need to wait for slow bitcoin confirmations!  Grin

That could be a good tip if only the Transition Bot was operative...

I've just talked to the bot and he's feeling fine!  Cheesy

Are you sure you have the livenet wallet installed? It's the second row of download links on byteball.org!

Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
yvv
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December 24, 2016, 06:26:31 PM
 #2193


Heavy players (cheaters or not.. doesn't matter too much in this case) are popping in... I guess it would be fair to limit the number of Byteballs going into single Byteball address... not to exceed 1-2% of supply... What about that? Otherwise distribution is going to be f**ked up.
thats a pretty good idea but it should not be anounced because else they just split into many small accounts
let them belive they get a shitload

and after linking is ended adjust coin spread to favor "normal" size users

i think the cap should be 100 BTC
any byteball address with linked amount above 100 should be seen as 100 BTC when coins are splitted

this limit can be set higher in next rounds when 1 BTC earns less byteballs

 tonych have to act clever in this initial most important coin rollout round

its free coins noone have a right on it he can adjust the rules with a 100 BTC cap after first block on 25th and the issue is solved



What I would do if it was up to me to decide, is 
- Make a snapshot block random.
- After snapshot is done, cut of whales based on upper 25% percentile of balances. This means that if less than 25% of linked addresses have more than X BTC, cut of every address with more than X BTC.

This way whales would not be able to game a distribution by splitting balances, because they would not know in advance the cutoff cap.


.
maryvale
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December 24, 2016, 06:29:28 PM
 #2194

Let's focus on the technical side - accusations fueled by greed are harmful and nothing else. I hope the project will be successful and that's the thing we should pray for.
what difference from this shit and an exchanges stack?
really fuck this distribution) i will sell my micro stack as soon, as it possible lol. Just because you accept ICOs shit. Have fun with waves/lisk devs Angry

A lot of irrationals here. The dev give you free coins, as compared to many stupid ICOs, yet so many complaints about the fairness of distribution. Guys, if you don't like it, just don't get it. Don't be so greedy with nothing at all.
marseille
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December 24, 2016, 06:33:47 PM
 #2195

People always greedy and try to get more, but what do they have for more? It's like a vagabond on welfare, saying why I am not get as much money as the billionaire down the street?? It's not fair, the government is not fair... Grin
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December 24, 2016, 06:34:45 PM
 #2196

Let's focus on the technical side - accusations fueled by greed are harmful and nothing else. I hope the project will be successful and that's the thing we should pray for.
what difference from this shit and an exchanges stack?
really fuck this distribution) i will sell my micro stack as soon, as it possible lol. Just because you accept ICOs shit. Have fun with waves/lisk devs Angry

A lot of irrationals here. The dev give you free coins, as compared to many stupid ICOs, yet so many complaints about the fairness of distribution. Guys, if you don't like it, just don't get it. Don't be so greedy with nothing at all.

It is not about us not liking it. We like it, that is why we are so pity that this nice project is going to be screwed by ICO scammers.

.
davidoski
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December 24, 2016, 06:34:56 PM
 #2197


A lot of irrationals here. The dev give you free coins, as compared to many stupid ICOs, yet so many complaints about the fairness of distribution. Guys, if you don't like it, just don't get it. Don't be so greedy with nothing at all.
+100

Chancellor on brink of second bailout for banks
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December 24, 2016, 06:36:35 PM
Last edit: December 24, 2016, 10:18:45 PM by aigeezer
 #2198

For those of you feeling paranoid (I get it), try looking at it this way - if it is a scam, it would be one of the biggest scams evarr, and very very elegant. It's now some $60 million worth of BTC and growing fast. Would you miss a chance to be part of that, even as a victim? Think of the epic stories you could tell your grandchildren!         Wink

My assessment is that tonych will do better by playing it straight rather than scamming, but then I felt that way about Butterfly Labs and Mt. Gox, so you never know. That's why it's called "risk". Tony had me at DAGs, I confess, which seemed so abstract and impractical back in grad school - NP Completeness theory, Garey and Johnson, my head still hurts!

Of course you can do nothing if you want, or expose whatever your risk/greed sensors tell you is OK. If you get something for nothing then you got something for nothing (that's a good thing). If you lose your BTC something, then your risk/greed sensors were wrong. Happens all the time. Relax - this isn't coercive - nobody will mind if you opt out.

I will think less of you if you get something for nothing and whine that somebody else got more than you did though. Heh - no matter what one does in life somebody won't like it.

Edit: strikeout and change in response to cryptonit's remarks.


dude if u understand a tiny bit of how bitcoin technology works u would understand there is no risk involved that ur BTC get stolen

all u do is send a tiny transaction or sign a message in both case u dont give away ur private key

the only thing that can happen is that project fails but if enough people are involved because they are shareholder now too chances are high it will develop into something nice



The overt risk is privacy/identity related. See lml's post downthread, and its useful link about "identity collapse": https://en.bitcoin.it/wiki/Address_reuse#Known_attacks

Specifically, the BB team accumulates and publishes proof that whoever owns BTC account X also owns BB account Y. This is valuable to demonstrate transparency of the BB distribution: http://transition.byteball.org/

It has the side-effect that if someone discovers the real-world identity for one account owner, then they know it for both. There are some tensions involved in making things "transparent", "fair", "private", "untraceable", and so forth.

I'd be twitchy about that exposure if I had a gazillion BTC in play. Since I have only a modest amount in the game, it's a risk that doesn't particularly bother me - I linked an account when BB went live and have no regrets yet. ymmv.

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December 24, 2016, 06:37:04 PM
 #2199

thats how the coinwork - the more BTC you have the more BB you will have

yolo
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December 24, 2016, 06:37:43 PM
 #2200

Protip:
for last minute linking it is better to use the signing option, because you don't need to wait for slow bitcoin confirmations!  Grin

That could be a good tip if only the Transition Bot was operative...

I've just talked to the bot and he's feeling fine!  Cheesy

Are you sure you have the livenet wallet installed? It's the second row of download links on byteball.org!

Yep, it was livenet but your response made me try on a third device (wasn't working on the first two) and it all went well.  Huh
Thanks.
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