Obyte: Totally new consensus algorithm + private untraceable payments

[pineapple express]

The competition is over, we saw a number of interesting entries, and the winners are named here:

what was the point of this competition?

[mishax1]

The competition is over, we saw a number of interesting entries, and the winners are named here:

what was the point of this competition?

When you have nothing else to do, you start to make stupid things..

[tarmo888]

The competition is over, we saw a number of interesting entries, and the winners are named here:

what was the point of this competition?

When you have nothing else to do, you start to make stupid things..

I had an impression that everybody here is a marketing expert, but now people don't even recognize attempts of building brand engagement.

[mishax1]

The competition is over, we saw a number of interesting entries, and the winners are named here:

what was the point of this competition?

When you have nothing else to do, you start to make stupid things..

I had an impression that everybody here is a marketing expert, but now people don't even recognize attempts of building brand engagement.

"poor attempts of building brand engagement"

[tarmo888]

The competition is over, we saw a number of interesting entries, and the winners are named here:

what was the point of this competition?

When you have nothing else to do, you start to make stupid things..

I had an impression that everybody here is a marketing expert, but now people don't even recognize attempts of building brand engagement.

"poor attempts of building brand engagement"

That's just your "expert" opinion, man. Nearly 100 photos featuring something O-like was posted to dedicated #ophoto Discord channel, which based on how small Obyte community size is not a poor attempt.

[pineapple express]

The competition is over, we saw a number of interesting entries, and the winners are named here:

what was the point of this competition?

When you have nothing else to do, you start to make stupid things..

I had an impression that everybody here is a marketing expert, but now people don't even recognize attempts of building brand engagement.

"poor attempts of building brand engagement"

That's just your "expert" opinion, man. Nearly 100 photos featuring something O-like was posted to dedicated #ophoto Discord channel, which based on how small Obyte community size is not a poor attempt.

what you have achieved? I mean... you get "ophoto", what next?

[tarmo888]

The competition is over, we saw a number of interesting entries, and the winners are named here:

what was the point of this competition?

When you have nothing else to do, you start to make stupid things..

I had an impression that everybody here is a marketing expert, but now people don't even recognize attempts of building brand engagement.

"poor attempts of building brand engagement"

That's just your "expert" opinion, man. Nearly 100 photos featuring something O-like was posted to dedicated #ophoto Discord channel, which based on how small Obyte community size is not a poor attempt.

what you have achieved? I mean... you get "ophoto", what next?

I am glad you asked, this is what's next https://medium.com/obyte/whats-next-for-obyte-b495cfbb698

[tonych]

Reminder, Episode 1 of the Obyte Community Radio Show starts in 1 hour 20 minutes at 20.00 UTC.

It will be streamed live on YouTube https://www.youtube.com/channel/UCYAjbxT5zHfeTtXe_hr9Gxg

[notocactus]

Let's recap it, that Obyte:
- Don't use blocks
- Don't use miners
- Near-instant transactions
- No gatekeepers

Some usecases & advantages:
- Conditional smart payments
- Sovereign identity
- IoT Payment channels
- Supper developer-friendly
- P2P payments in chat
- Chatbox
- P2P betting

Source: https://www.youtube.com/channel/UCYAjbxT5zHfeTtXe_hr9Gxg

[tonych]

The winners of the 2nd round of the developer contest are announced:

https://medium.com/obyte/winners-of-the-second-round-of-the-obyte-autonomous-agents-developer-contest-c69e37dbf55

1st prize 140 GB and 422 GBB:
pmiklos — “Autonomous Subscription Service”

2nd prize 70 GB and 147.7 GBB:
Alvarlaigna — “EOS-like Crowdsale”

3rd prize 35 GB and 73.85 GBB:
hey_monkey — “The Attested Reputations Autonomous Agent”

Best tutorial 55 GB and 116.05 GBB:
Pmiklos — “Stateful Autonomous Agents”

The contest continues and the deadline for entries is August 29th, the winners of round 3 will be announced on September 1st.

[CryptoRobert]

The winners of the 2nd round of the developer contest are announced:

https://medium.com/obyte/winners-of-the-second-round-of-the-obyte-autonomous-agents-developer-contest-c69e37dbf55

1st prize 140 GB and 422 GBB:
pmiklos — “Autonomous Subscription Service”

2nd prize 70 GB and 147.7 GBB:
Alvarlaigna — “EOS-like Crowdsale”

3rd prize 35 GB and 73.85 GBB:
hey_monkey — “The Attested Reputations Autonomous Agent”

Best tutorial 55 GB and 116.05 GBB:
Pmiklos — “Stateful Autonomous Agents”

The contest continues and the deadline for entries is August 29th, the winners of round 3 will be announced on September 1st.

This is a serious way to distribute bytes. It motivates people to develop useful tools for Obyte. The lottery on the contrary is an un-serious way to distibute bytes. Instead of rewarding developers, the lottery tends to attract and reward gamblers, ie people who do things in the hope of winning lotteries, probably the worse sort of public. Much better to destine resources to people with higher standards, like in this case.

[tarmo888]

~
- IoT Payment channels

Well, there has been much talk and discussion on the synergy of Obyte and IoT. Is there any real application of the Obyte-IoT technology  or it is on talking-grade level yet? P.S. Having  fingers crossed I'm still keeping in my wallet   Obyte   coins gotten during a few first airdrops for btc and byteball holders.

Some demos are already built, some demos will be built during next 2 weeks, hopefully these can be announced in September. There is already a wallet released on Play Store, which is focused on IoT devices and supports payment channels, but it's currently only for TESTNET https://play.google.com/store/apps/details?id=ws.biot.wallet2

[CryptoRobert]

Obyte's model of airdrop distribution was based on the correct assumption that the value of a network grows according to growth of its nodes - as stated in Metcalfe's law.
However, as we've learnt reality is more complex than that and the only hope to grasp some of it is through a multidisciplinary approach.
One factor which was missing in this equation is "skin in the game", without which apparently a node in crypto is not a real node. I've written an extensive piece of this aspect in the Ivory Tower of this forum, and I'm quoting Obyte there too:

https://bitcointalk.org/index.php?topic=5174190

Please those interested give it a read and let's realize that a node is not a real node if it doesn't truly share the "dangers" of the network. Obyte is an amazing tech, and in time most of those who are holding bytes - nodes - without any skin in the game will likely hand them over to players willing to put their skin in the game and this will finally cause the rise in monetary value we all are patiently waiting for. But to speed up it's rise we'd have to think at ways to increase the levels of "skin in the game" of the new players.
The currently distribution by a way of a lottery is even more silly than a fair distribution to holders because it's adding zero skin in the game to the system. Just waisted time and energies IMHO. High level bounties rewarding real value contributions by the community would surely be a much wiser approach. Other ways to add skin in the game could and should be imagined. PoW coins have miners who have to continuosly put skin in the game to run the show and which it's what's rapidly causing value in those networks. We don't need miners in Obyte - which is good - but we'd need to find other alternative sources of skin in the game. Let's realize that a monetary system is not only an algorithmic system, but also a sociological one, and let's act accordingly.

[tarmo888]

The currently distribution by a way of a lottery is even more silly than a fair distribution to holders because it's adding zero skin in the game to the system.

That's not the current distribution, it's one of the current distribution methods.

There are also:
* Cashback
* WCGrid https://wcg.report/
* Steem Attestation https://obyte.io/@JEDZYC2HMGDBIDQKG3XSTXUSHMCBK725
* Email Attestation https://obyte.io/@H5EZTQE7ABFH27AUDTQFMZIALANK6RBG
* Real Name Attestation with Jumio https://obyte.io/@I2ADHGP4HL6J37NQAD73J7E5SKFIXJOT
* Real Name Attestation with ID-card/Smart-ID/Mobile-ID https://obyte.io/@OHVQ2R5B6TUR5U7WJNYLP3FIOSR7VCED

and Draw Lottery distributes currently the same amount as Autonomous Agents Developer Contest https://medium.com/obyte/distribution-outlook-bb28ff0b91aa because they are happening bi-weekly, one week it is the Draw Lottery and then the other week is the AA Developer Contest. The burn rate of Draw Lottery was cut in half.

[CryptoRobert]

The currently distribution by a way of a lottery is even more silly than a fair distribution to holders because it's adding zero skin in the game to the system.

That's not the current distribution, it's one of the current distribution methods.

There are also:
* Cashback
* WCGrid https://wcg.report/
* Steem Attestation https://obyte.io/@JEDZYC2HMGDBIDQKG3XSTXUSHMCBK725
* Email Attestation https://obyte.io/@H5EZTQE7ABFH27AUDTQFMZIALANK6RBG
* Real Name Attestation with Jumio https://obyte.io/@I2ADHGP4HL6J37NQAD73J7E5SKFIXJOT
* Real Name Attestation with ID-card/Smart-ID/Mobile-ID https://obyte.io/@OHVQ2R5B6TUR5U7WJNYLP3FIOSR7VCED

and Draw Lottery distributes currently the same amount as Autonomous Agents Developer Contest https://medium.com/obyte/distribution-outlook-bb28ff0b91aa because they are happening bi-weekly, one week it is the Draw Lottery and then the other week is the AA Developer Contest. The burn rate of Draw Lottery was cut in half.

Good. Didn't know the numbers, thanks for the information, happy to hear lottery has been cut in half. I strongly approve all other methods of distribution. 

[pineapple express]

when moon? Don't say me you rekt again, i just bought my 10th low
 

[CryptKeeper]

One factor which was missing in this equation is "skin in the game"

I second your opinion. Although I abhor the waste of resources by proof-of-work, I have to give it exactly this advantage.

Thumbs up from me for your post in the ivory tower, a good read and exactly my way of thinking.

[CryptoRobert]

One factor which was missing in this equation is "skin in the game"

I second your opinion. Although I abhor the waste of resources by proof-of-work, I have to give it exactly this advantage.

Thumbs up from me for your post in the ivory tower, a good read and exactly my way of thinking.

I too abhor the waste of resources by proof-of-work, but reality is not what is fitting our wishes, but what is fitting the laws of causality. As ethically perverse as it may be, proof-of-work happens to have this probably in the origins unintended feature of introducing a powerful deterministic skin-in-the-game variable into the mechanism. Once this principle becomes clear and acknowledged, it's up to the best minds in the crypto society to find out alternative ways to force efficient skin-in-the-game variables into less waistful networks as for example Obyte.

[pineapple express]

One factor which was missing in this equation is "skin in the game"

I second your opinion. Although I abhor the waste of resources by proof-of-work, I have to give it exactly this advantage.

Thumbs up from me for your post in the ivory tower, a good read and exactly my way of thinking.

The first law of thermodynamics, also known as Law of Conservation of Energy, states that energy can neither be created nor destroyed; energy can only be transferred or changed from one form to another.

[tarmo888]

One factor which was missing in this equation is "skin in the game"

I second your opinion. Although I abhor the waste of resources by proof-of-work, I have to give it exactly this advantage.

Thumbs up from me for your post in the ivory tower, a good read and exactly my way of thinking.

I too abhor the waste of resources by proof-of-work, but reality is not what is fitting our wishes, but what is fitting the laws of causality. As ethically perverse as it may be, proof-of-work happens to have this probably in the origins unintended feature of introducing a powerful deterministic skin-in-the-game variable into the mechanism. Once this principle becomes clear and acknowledged, it's up to the best minds in the crypto society to find out alternative ways to force efficient skin-in-the-game variables into less waistful networks as for example Obyte.

I can't comment on Ivory Tower board, but if you have $1 million or 100 BTC (doesn't matter if you inherited it or got it for cheap long time ago), isn't that a "skin in the game" too?
I mean, at some amount, large enough value would become a "skin in the game" because you wouldn't want the value to drop because you have too much "skin in the game" in that asset and you would lose more than those who have less of it.
Normally, you wouldn't see bigger TSLA investors talking sh!t about their cars. In cryptospace, you could see people talking sh!t about the alts they hodl, but that's probably because their bags are small, so they don't have enough skin in the game.

I think you got the Metcalfe's law wrong, it doesn't stop working when the tokens are airdropped. Wikipedia says: "Metcalfe's law states the effect of a telecommunications network is proportional to the square of the number of connected users of the system". Originally, it was not in terms of users, but rather of "compatible communicating devices", but the amount of "users" seems to be more accurate for it. If you airdrop to addresses without them having to do anything then they are not users. If you distribute it to users, so they have to claim it or do something else in order to get it, they will be users just for the time period they claim it, but if they dump it or hodl it after that, they are not users.

Metcalfe's law was about telephones and it still applies. I still have landline telephone number, but I haven't used it for over 15 years. It's even connected now to my TV, so if somebody would call to it, it would pop-up on TV screen. Is landline telephone valuable in my country? No, because nobody uses it, everybody just has it for legacy reasons and because it doesn't cost anything to keep it because it comes with the TV package (all landline operators pivoted to ISPs).

Metcalfe's law worked for Obyte case too, people had to take part of the "Bytes to BTC holders distribution", airdrop is a misleading name for it. The network value went up, people had to link their addresses by making BTC transfer or by signing the message, but since they didn't convert into users, the Obyte value game down again. That doesn't mean that Obyte whales doesn't have "skin in the game", but I don't know any whales either who is talking sh!t about Obyte, it looks to me that the 2 biggest whales on Draw Airdrop will do anything to increase their GBYTE bags.