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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1218695 times)
tarmo888
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June 28, 2019, 12:32:15 PM
 #21821

please rename it back on byteball
Fabien support 5.31% 🔻
cmc - 203 🔻
world wide adoption is ready for 0byttes

Thanks for all the FUD, you have at least helped some people to get into GBYTE very cheaply. It would be very kind of you, if you would put your own bag on sale too, we need more liquidity on sellers side, currently the low amounts on sell side is causing the price pump every time somebody tries to buy more than 50 GBYTE.
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fuk
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June 28, 2019, 01:51:01 PM
 #21822

bytes join the club of coins that lost 99%+ of its value 💪🏻
Fabien support 4.85% 🔻 (decentralization is soon)
spring record -70% of btc value 🚀
adoption - 0 merchants 😨
not scam ico - 0 ico 😨
keep rolling
vikutoria
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June 28, 2019, 06:24:38 PM
 #21823

bytes join the club of coins that lost 99%+ of its value 💪🏻
Fabien support 4.85% 🔻 (decentralization is soon)
spring record -70% of btc value 🚀
adoption - 0 merchants 😨
not scam ico - 0 ico 😨
keep rolling
If you want to say something, say it once or twice - it is quite enough to understand your opinion. What is the purpose of posting this stat every day in this thread? At a moment, that Obyte and many other altcoins teams need user support most of all, you give such an awful attitude. It is ugly. Someday on your way it will return to you, everything returns, both good and bad.
I never understand haters. If you don't like the project just leave it. Why do you want to spoil the life of those who like it, follow it or work on it? If you lost your money I sympathize with you, but it was your decision, and everything in your life is your own fault or merit. It is easy to blame somebody or hurt someone when you hurt. But you never be happy or achieve something with that attitude. You only will be miserable and make everything and everybody around you miserable. You probably are a very unhappy guy. I am truly sorry for you.
fuk
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June 28, 2019, 06:40:04 PM
 #21824

bytes join the club of coins that lost 99%+ of its value 💪🏻
Fabien support 4.85% 🔻 (decentralization is soon)
spring record -70% of btc value 🚀
adoption - 0 merchants 😨
not scam ico - 0 ico 😨
keep rolling
If you want to say something, say it once or twice - it is quite enough to understand your opinion. What is the purpose of posting this stat every day in this thread? At a moment, that Obyte and many other altcoins teams need user support most of all, you give such an awful attitude. It is ugly. Someday on your way it will return to you, everything returns, both good and bad.
I never understand haters. If you don't like the project just leave it. Why do you want to spoil the life of those who like it, follow it or work on it? If you lost your money I sympathize with you, but it was your decision, and everything in your life is your own fault or merit. It is easy to blame somebody or hurt someone when you hurt. But you never be happy or achieve something with that attitude. You only will be miserable and make everything and everybody around you miserable. You probably are a very unhappy guy. I am truly sorry for you.

i don't care about bagholders, sorry. The best you can do financially it is to sell and fix the loss. In addition, you can tell others about this scam coin and save dozens of people from losing money. Gl
MrChicken1987
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June 28, 2019, 08:17:53 PM
 #21825

i don't care about bagholders, sorry. The best you can do financially it is to sell and fix the loss. In addition, you can tell others about this scam coin and save dozens of people from losing money. Gl

Of course the best financial action is to buy low and sell high, but not everything and everyone always acts for a profit maximization.
If your intention is to save people from losing money, look again at what vikutoria said. Everyone is responsible for their actions.
If you want to put out the negative aspects of something, that's fine for me, but the way you are doing it is childish, subjective and at least from my point of view not even helpful to inform someone.

I always think that critic and criticism is helpful for any kind of project, but the feedback should come in an objective and friendly tone, which IMHO is missing in your posts.

I don't understand why you think this coin is a scam. Because it didn't fulfill its goals within the first two years? Maybe you can point that out. I really want to know why you think that.
fuk
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June 29, 2019, 08:11:12 AM
 #21826

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I don't understand why you think this coin is a scam. Because it didn't fulfill its goals within the first two years? Maybe you can point that out. I really want to know why you think that.
yeah it is centralized database with zero use cases, luck of community and coin lost 99.2% of value. We must not allow new people to fall into this trap.
vikutoria
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June 29, 2019, 11:59:00 AM
 #21827

yeah it is centralized database with zero use cases, luck of community and coin lost 99.2% of value. We must not allow new people to fall into this trap.
Why Obyte exactly is bothered you so much? There are thousands of other coins that are definitely a scam. Why do you want to save people only from Obyte? Do you have a big loss due to buying it someday? Tell us your story. It is interesting to know.

The best you can do financially it is to sell and fix the loss.
Actually, I am in a big profit with Obyte. I can tell you my story. I bought some GB when its cost was around $700 Shocked. I am a positive person and actual forex trader, so never get angry because of a price decline, it was my decision. Instead, I took part in every distribution method that was available: got some Gb from WCG, Steem attestation and from helping people to make real name attestation. My account becomes much bigger (in GB not in $  Grin). So finally it really helps me to win a lottery. I sold a very little amount, only the money that was invested, so I am never in a loss now, and not going to sell in the near time. Even if I lose everything, they are not mine. They were given me for free from the team. Someone says I am lucky, but I disagree. I worked a lot and never whined. Work hard, stay positive and the world more likely will reward you than with a negative attitude and doing nothing but complaining.
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June 29, 2019, 12:06:17 PM
Last edit: June 29, 2019, 12:21:29 PM by fuk
 #21828

Quote
Why Obyte exactly is bothered you so much? There are thousands of other coins that are definitely a scam. Why do you want to save people only from Obyte? Do you have a big loss due to buying it someday? Tell us your story. It is interesting to know.
i can not help everyone, but even if i save 10 people who listened to me and did not buy bytes, this is already a big victory
maybe if i was active while you join the crypto word, you would not be buying bytes at $700 and you would not experience those unpleasant feelings associated with the loss of 96% of the value of investments. Saying this, i'm glad that you were lucky and you returned your investments. The only problem is that you sold a part of your bytes, which means someone bought them, which means this is another unfortunate person trapped in  Cry
vikutoria
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June 29, 2019, 01:57:14 PM
 #21829

i can not help everyone, but even if i save 10 people who listened to me and did not buy bytes, this is already a big victory
maybe if i was active while you join the crypto word, you would not be buying bytes at $700 and you would not experience those unpleasant feelings associated with the loss of 96% of the value of investments. Saying this, i'm glad that you were lucky and you returned your investments. The only problem is that you sold a part of your bytes, which means someone bought them, which means this is another unfortunate person trapped in  Cry

Thank you and don't worry - there were several superheroes in this thread before you Grin But I prefer doing my own research and make my own mistakes.
tarmo888
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June 29, 2019, 02:28:57 PM
 #21830

Quote
Why Obyte exactly is bothered you so much? There are thousands of other coins that are definitely a scam. Why do you want to save people only from Obyte? Do you have a big loss due to buying it someday? Tell us your story. It is interesting to know.
i can not help everyone, but even if i save 10 people who listened to me and did not buy bytes, this is already a big victory
maybe if i was active while you join the crypto word, you would not be buying bytes at $700 and you would not experience those unpleasant feelings associated with the loss of 96% of the value of investments. Saying this, i'm glad that you were lucky and you returned your investments. The only problem is that you sold a part of your bytes, which means someone bought them, which means this is another unfortunate person trapped in  Cry


You are not a hero in this thread who is saving people from buying, you are just butthurt because your own stupid decisions of buying high or selling low.
Half of your "facts" are not even true because you don't even have the basic skills or knowledge for fact-checking. I doubt you have ever even run a full node.
And that "96% of the value" is also totally pointless number, like there weren't other cryptocurrencies that went too high during bull-run and have now heavily corrected? This doesn't make them scams.

All in all, you don't even understand what scam means and you are just taking a dump on other peoples hard work.
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June 29, 2019, 05:18:17 PM
 #21831

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I don't understand why you think this coin is a scam. Because it didn't fulfill its goals within the first two years? Maybe you can point that out. I really want to know why you think that.
yeah it is centralized database with zero use cases, luck of community and coin lost 99.2% of value. We must not allow new people to fall into this trap.

Okay, but that does not make this coin a scam. A scam would be something completely different in my eyes.
The problem is that decentralization alone does not change the world. Not every Bitcoin user has a copy of the blockchain. Heck, not even everyone has their coins in their own wallet and are in charge of the private keys.

But you could load a copy of the Blockchain or in this case a copy of the Obyte DAG. You are responsible for the decentralization. 
And supposing you are talking about the 12 witnesses, they do not mean centralization as far as i have understood the function of the witnesses.
Also, it is possible for you to convince users to use your node as witness. But you have to raise your stakes for that (give in your anonymity) as well as in Bitcoin (invest in hardware).

I think Obyte does have a use case. The wallet is super easy to use, available for every major OS and the chat bots could offer some amazing possibilities.
Also the lack of community that you are complaining about is something you said you want to achieve. So how shall the community grow (and erase one mistake that you see in Obyte) if you do not want that to happen? That's paradox.

I am sorry if you lost money during investment in this coin. Have you already realized the loss? Otherwise you could take actions that would help the value to increase and maybe even make some profit.

Additionally, there is a reason why people always say: Only invest the amount that you bear to lose.
tarmo888
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June 29, 2019, 08:12:34 PM
 #21832

Quote
I don't understand why you think this coin is a scam. Because it didn't fulfill its goals within the first two years? Maybe you can point that out. I really want to know why you think that.
yeah it is centralized database with zero use cases, luck of community and coin lost 99.2% of value. We must not allow new people to fall into this trap.

Okay, but that does not make this coin a scam. A scam would be something completely different in my eyes.
The problem is that decentralization alone does not change the world. Not every Bitcoin user has a copy of the blockchain. Heck, not even everyone has their coins in their own wallet and are in charge of the private keys.

But you could load a copy of the Blockchain or in this case a copy of the Obyte DAG. You are responsible for the decentralization. 
And supposing you are talking about the 12 witnesses, they do not mean centralization as far as i have understood the function of the witnesses.
Also, it is possible for you to convince users to use your node as witness. But you have to raise your stakes for that (give in your anonymity) as well as in Bitcoin (invest in hardware).

It's good to see that some users understand what "fuk" has failed to understand, he just likes to FUD without actually learning anything new.

Somebody would say something like "centralized database" only if they don't understand how Obyte tech works.
Obyte doesn't have block producers like Bitcoin, Ethereum or EOS has. Anybody with full node can post a transaction straight to Obyte DAG, which is not the case for many mineable coins.
Witnesses are just like other full nodes, which follow the protocol rules, so none of the witnesses have a power to censor you. So how is that centralized?

Only part of the centralization is that not all witnesses have yet been given to independent reputable people/companies, so there is a possibility for the founder to collude at the moment, but that doesn't make any sense because all the full nodes would instantly know about it and it would kill the project, which again would make any sense for the founder to do.
But that doesn't mean that all the witness nodes are currently located in same machine and you can't verify that either because witnesses are hidden behind the TOR.

Obyte is even more decentralized full nodes than EOS, because each of the Obyte full nodes has full history of the DAG, while EOS has grown into terabytes with just one year, so few actually run the node with full history.

Here some more stats:
Over 100 full nodes around the world have connected to main hub. There are constantly around 200 wallets connect to that hub alone.
There are actually (stats page doesn't show all) around 7 hubs/relays (full nodes that accept incoming transactions), but each full node can communicate without accepting incoming connections too. This is the stats page for main hub and full nodes (some stats are hub specific and doesn't reflect stats about other hubs).
https://stats.obyte.org/worldmap.php

There is no single person who develops the platform and there are more than just one wallet (besides official wallet, there are also unofficial web wallet and BIoT testnet wallet for IoT devices).
There is not even just one explorer, there is explorer for just data too https://obyte.io/
Node.js is not even only environment you can write apps that use Obyte network, there is even JS library, which lets you connect to Obyte network from website front-end.
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June 30, 2019, 11:38:14 AM
 #21833

Last 24 hours, there are less than 1 Bitcoin-valued of Obyte traded, according to statistics from coinmarketcap.
From the latest peaks of Obyte, back in May 2018, the price of Obyte has lost around ten times, in GBYTE/BTC pair. Moreover, volume of the coin dies off over time.

Price chart in BTC

Price chart in USD

Source:
https://coinmarketcap.com/currencies/obyte/





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diyhockey
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June 30, 2019, 01:11:11 PM
 #21834

my TA says bytes will drop below 0.0001 before the end of 2020  Cry
my predictions based on fundamental analysis:
distribution of all witnesses will take 100+ years
the first non-fraudulent ICO will appear on the platform - never
bittrex delisting - 73% before 2020, 94% before 2021, 99.99% before 2022
best strategy - x100 short position. Level of risk - risk free
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June 30, 2019, 04:25:59 PM
 #21835

my TA says bytes will drop below 0.0001 before the end of 2020  Cry
my predictions based on fundamental analysis:
distribution of all witnesses will take 100+ years
the first non-fraudulent ICO will appear on the platform - never
bittrex delisting - 73% before 2020, 94% before 2021, 99.99% before 2022
best strategy - x100 short position. Level of risk - risk free

McAfee said that Bitcoin will go $1m by the end of 2020. In that case, 0.0001 GBYTE/BTC would mean $100 per GBYTE. That's more than it is now. Ok, the second McAfee prediction was way optimistic, so let's take his first prediction, $0.5m by end of 2020, that would still be $50 per GBYTE. https://twitter.com/officialmcafee/status/935900326007328768

First more serious attempts to decentralize the witnesses was done nearly year ago. The progress has been slower than expected, but basically 2 witnesses with first year. I expect that Tony will keep 1 witness in the end, which means that 9 more witnesses to go, so that's basically 4 and half years more, but since you only need over half of the witnesses to collude to do some harm, we have 5 more witnesses to go when Tony will not have the majority anymore. That means 2 and half years to get total of 7 witnesses decentralized. Not near your 100+ year prediction, even if you start counting how many witnesses have been replaced since launch, you just pulled that number out of your a$$. https://medium.com/obyte/the-future-of-byteball-the-byteball-foundation-cca9d495bf46

Guess what else is not going to happen in 100 years? All Bitcoin will not be distributed in 100 years, but with next 12 years, it will be get pretty close to 21m.

Somebody started this Bittrex delisting rumor more than year ago, so where is it? Do you mean delisting from US market or both? Neither has happened, so why they should do it in 3 years when more and more witnesses get decentralized to different people.
tarmo888
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June 30, 2019, 05:02:34 PM
 #21836

Last 24 hours, there are less than 1 Bitcoin-valued of Obyte traded, according to statistics from coinmarketcap.
From the latest peaks of Obyte, back in May 2018, the price of Obyte has lost around ten times, in GBYTE/BTC pair. Moreover, volume of the coin dies off over time.
Source:
https://coinmarketcap.com/currencies/obyte/

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.
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June 30, 2019, 06:40:02 PM
 #21837

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McAfee said that Bitcoin will go $1m by the end of 2020. In that case, 0.0001 GBYTE/BTC would mean $100 per GBYTE.
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June 30, 2019, 07:03:00 PM
 #21838

1 GBYTE = 1,000,000 bytes?

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altcoinb
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June 30, 2019, 07:15:32 PM
 #21839

1 GBYTE = 1,000,000 bytes?
1 GBYTE = 1,000,000,000 bytes
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June 30, 2019, 07:49:26 PM
 #21840

1 GBYTE = 1,000,000 bytes?
1 GBYTE = 1,000,000,000 bytes

21,000,000 BTC
  1,000,000 GBYTE

2,100,000,000,000,000 satoshis
1,000,000,000,000,000 bytes
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