Obyte: Totally new consensus algorithm + private untraceable payments

[tarmo888]

The market is very bad, many people slowly lose confidence

Same with every other coin out there after almost 2 years of bear market.

Exactly. In fact on most of the threads I have bags on, most posts are just complaints and incessant whining. I guess it can't be helped that people lose their shit when their coin investment lost 95% of its value. And not a single coin was spared.

Bitcoin is down a little over 50% from all time high. Byteballs are down over 98% from ath. Not exactly the same level of destruction there.

Are you sure that it is not even worse destruction for a market leader who should be bit more stable? That "little over 50% drop is f-ing 150 billion dollars gone from Bitcoin marketcap. That's billion with the B. There was lot of real hard-earned money in there. Most of Obyte holders are those who got the bytes for free, no institutional investors here.

[naska21]

Should be started from scratch.

Same code, but with at least one person understanding marketing. Restart as a stable coin pegged to eur / us / Y or something.

Coca Cola just puts regular water into plastic bottles and the enduser price is x10. If you don't how to turn your product into something
valuable: ask a professional.

Agree, seems right now  Obyte is out of touch with the ppl needs . Formally, the Obyte foundation has been created, but the results of its activities are not yet visible and marketing, if any, is doing turtle steps.

[pineapple express]

The market is very bad, many people slowly lose confidence

Same with every other coin out there after almost 2 years of bear market.

Exactly. In fact on most of the threads I have bags on, most posts are just complaints and incessant whining. I guess it can't be helped that people lose their shit when their coin investment lost 95% of its value. And not a single coin was spared.

Bitcoin is down a little over 50% from all time high. Byteballs are down over 98% from ath. Not exactly the same level of destruction there.

Are you sure that it is not even worse destruction for a market leader who should be bit more stable? That "little over 50% drop is f-ing 150 billion dollars gone from Bitcoin marketcap. That's billion with the B. There was lot of real hard-earned money in there. Most of Obyte holders are those who got the bytes for free, no institutional investors here.

marketcap has little to do with money in orders
150 billion dollars dump could be caused with 500 millions total sell for example. Usually this rate will be very low fir coins from #3 and lower. Like you need $100k sell to dump obyte below $1m cap

[allwelder]

A much long time did not follow byteball,now changed to Obyte.
What's the most important updates for users to get?
As a Delegates DAG coin,create a fully new vision for adoption,but seems the marketcap is not satisfactory.

[mishax1]

A much long time did not follow byteball,now changed to Obyte.
What's the most important updates for users to get?
As a Delegates DAG coin,create a fully new vision for adoption,but seems the marketcap is not satisfactory.

and more importantly, are there any users left ?

[tarmo888]

A much long time did not follow byteball,now changed to Obyte.
What's the most important updates for users to get?
As a Delegates DAG coin,create a fully new vision for adoption,but seems the marketcap is not satisfactory.

http://press.obyte.org/timeline

[tarmo888]

The market is very bad, many people slowly lose confidence

Same with every other coin out there after almost 2 years of bear market.

Exactly. In fact on most of the threads I have bags on, most posts are just complaints and incessant whining. I guess it can't be helped that people lose their shit when their coin investment lost 95% of its value. And not a single coin was spared.

Bitcoin is down a little over 50% from all time high. Byteballs are down over 98% from ath. Not exactly the same level of destruction there.

Are you sure that it is not even worse destruction for a market leader who should be bit more stable? That "little over 50% drop is f-ing 150 billion dollars gone from Bitcoin marketcap. That's billion with the B. There was lot of real hard-earned money in there. Most of Obyte holders are those who got the bytes for free, no institutional investors here.

marketcap has little to do with money in orders
150 billion dollars dump could be caused with 500 millions total sell for example. Usually this rate will be very low fir coins from #3 and lower. Like you need $100k sell to dump obyte below $1m cap

it's a not a temporary price swing, there were many people who traded billions of dollars worth of Bitcoin when it was near 20k and now 150 billion of dollars worth of value has gone from their portfolio. You can loose more money with market leader drops 50% then when altcoin drops 95%. All depends on individual investor portfolio, but even if you held the total supply of GBYTE, you would have lost only 1/150 of what Bitcoin lost in value combined.

[tarmo888]

Should be started from scratch.

Same code, but with at least one person understanding marketing. Restart as a stable coin pegged to eur / us / Y or something.

Coca Cola just puts regular water into plastic bottles and the enduser price is x10. If you don't how to turn your product into something
valuable: ask a professional.

Agree, seems right now  Obyte is out of touch with the ppl needs . Formally, the Obyte foundation has been created, but the results of its activities are not yet visible and marketing, if any, is doing turtle steps.

If people need is fiat-backed stablecoin then I think these people have missunderstood one of the main points of any cryptocurrencies.
None of the fiat-backed cryptocurrencies are decentralized, you basically trust some company that they will give you back the fiat currency of your bags worth. There are many coins like that, basically every exchange creates one now, go load up your bags.

Anybody can make stablecoin collateralized with bytes on Obyte, make a grant proposal if you have a team to build it, autonomous agents will enable you to make them decentralized way, but native token pegged to USD just doesn't make sense.

[fuk]

Anybody can make stablecoin collateralized with bytes on Obyte

bytes is illiquid asset. You can't use it as collateral, because if you need to liquidate it, you will crash the market and cause liquidation of the rest collateral. Your stable currency will crash like a house of cards

[tarmo888]

Anybody can make stablecoin collateralized with bytes on Obyte

bytes is illiquid asset. You can't use it as collateral, because if you need to liquidate it, you will crash the market and cause liquidation of the rest collateral. Your stable currency will crash like a house of cards

That's same nonsense as saying that can't trade GBYTE because there is no liquidity. If you don't put your bytes to order book and just talk that there is no liquidity, of course, then there is no liquidity. Less complaining and more doing.

I haven't yet had problems buying/selling GBYTE, I just put the order up near market price and within 12 it usually gets filled. If somebody decided to crash the price meanwhile, I adjust the price to market price and it gets filled in next 12 hours. So far, never taken more that 24 hours, price volatile enough to fill any order near market price.

Same with bytes as stablecoin collateral, can't sell the collateral if nobody makes a stablecoin that requires bytes for collateral.

[fuk]

Same with bytes as stablecoin collateral, can't sell the collateral if nobody makes a stablecoin that requires bytes for collateral.

course who builds a house on a crappy foundation

[tarmo888]

Same with bytes as stablecoin collateral, can't sell the collateral if nobody makes a stablecoin that requires bytes for collateral.

course who builds a house on a crappy foundation

Those who don't listen to whiners FUD, but actually build something because they can see the potential and they have learnt how Obyte really works.
Already 6 rounds of developer contest done with new features on TESTNET, 1 more to go, but you still spreading pathetic FUD.
https://medium.com/obyte/sixth-round-of-obyte-autonomous-agents-developer-contest-6aa89bedd712

[pineapple express]

Same with bytes as stablecoin collateral, can't sell the collateral if nobody makes a stablecoin that requires bytes for collateral.

course who builds a house on a crappy foundation

Those who don't listen to whiners FUD, but actually build something because they can see the potential and they have learnt how Obyte really works.
Already 6 rounds of developer contest done with new features on TESTNET, 1 more to go, but you still spreading pathetic FUD.
https://medium.com/obyte/sixth-round-of-obyte-autonomous-agents-developer-contest-6aa89bedd712

nobody builds a stable coin there

[tarmo888]

Same with bytes as stablecoin collateral, can't sell the collateral if nobody makes a stablecoin that requires bytes for collateral.

course who builds a house on a crappy foundation

Those who don't listen to whiners FUD, but actually build something because they can see the potential and they have learnt how Obyte really works.
Already 6 rounds of developer contest done with new features on TESTNET, 1 more to go, but you still spreading pathetic FUD.
https://medium.com/obyte/sixth-round-of-obyte-autonomous-agents-developer-contest-6aa89bedd712

nobody builds a stable coin there

Maybe the cryptospace doesn't need any more stablecoins, many exchanges already have multiple. Especially, no need for more stablecoins, where you need to trust someone (Tether, Libra) or which require lot of collateral (Maker DAI).
There has been much more interesting ideas on developers contest than yet another stablecoin.

[DMDCreeper]

Same with bytes as stablecoin collateral, can't sell the collateral if nobody makes a stablecoin that requires bytes for collateral.

course who builds a house on a crappy foundation

Those who don't listen to whiners FUD, but actually build something because they can see the potential and they have learnt how Obyte really works.
Already 6 rounds of developer contest done with new features on TESTNET, 1 more to go, but you still spreading pathetic FUD.
https://medium.com/obyte/sixth-round-of-obyte-autonomous-agents-developer-contest-6aa89bedd712

nobody builds a stable coin there

Maybe the cryptospace doesn't need any more stablecoins, many exchanges already have multiple. Especially, no need for more stablecoins, where you need to trust someone (Tether, Libra) or which require lot of collateral (Maker DAI).
There has been much more interesting ideas on developers contest than yet another stablecoin.

i wouldn't be so critical of Tether and Libra. Right now USDT is the only fuel of stagnating crypto markets. And Libra is the only potential fuel for the future bull market.

[JoenNL]

oef never read about this coin but still so many pages on this forum haha

[ChrisPop]

I remember I've recently got some rewards from the former bytecoin smart contract. Do you know if the airdrop smart contract holds future rewards for a next period, like the next year or so? Or is there any way I can check that in my wallet?

[fuk]

Same with bytes as stablecoin collateral, can't sell the collateral if nobody makes a stablecoin that requires bytes for collateral.

course who builds a house on a crappy foundation

Those who don't listen to whiners FUD, but actually build something because they can see the potential and they have learnt how Obyte really works.
Already 6 rounds of developer contest done with new features on TESTNET, 1 more to go, but you still spreading pathetic FUD.
https://medium.com/obyte/sixth-round-of-obyte-autonomous-agents-developer-contest-6aa89bedd712

nobody builds a stable coin there

Maybe the cryptospace doesn't need any more stablecoins, many exchanges already have multiple. Especially, no need for more stablecoins, where you need to trust someone (Tether, Libra) or which require lot of collateral (Maker DAI).
There has been much more interesting ideas on developers contest than yet another stablecoin.

bro, even if someone wanted to create stablecoin on obyte, they would not do this because of problems with liquidity. Stablecoin must have a liquid collateral, otherwise the whole system will collapse after the first dump. Before writing stupid answers, understand how the collateral system works, what is liquidation and how its triggered

[tarmo888]

Same with bytes as stablecoin collateral, can't sell the collateral if nobody makes a stablecoin that requires bytes for collateral.

course who builds a house on a crappy foundation

Those who don't listen to whiners FUD, but actually build something because they can see the potential and they have learnt how Obyte really works.
Already 6 rounds of developer contest done with new features on TESTNET, 1 more to go, but you still spreading pathetic FUD.
https://medium.com/obyte/sixth-round-of-obyte-autonomous-agents-developer-contest-6aa89bedd712

nobody builds a stable coin there

Maybe the cryptospace doesn't need any more stablecoins, many exchanges already have multiple. Especially, no need for more stablecoins, where you need to trust someone (Tether, Libra) or which require lot of collateral (Maker DAI).
There has been much more interesting ideas on developers contest than yet another stablecoin.

bro, even if someone wanted to create stablecoin on obyte, they would not do this because of problems with liquidity. Stablecoin must have a liquid collateral, otherwise the whole system will collapse after the first dump. Before writing stupid answers, understand how the collateral system works, what is liquidation and how its triggered

Nonsense, DAI for example is very over-collateralized, so even more volatile altcoin could have even crazier conditions for collateral and liquidation. I think you don't understand the reason why there is the over-collateralization and automatic liquidation when collateral price drops.
There is nothing that would stop somebody to create a stablecoin with autonomous agents. You make it sound like developers build stuff just for themselves to profit and they could not make it profitable in any other way than using it themselves.
You are also assuming that everyone would instantly exchange all their funds to that stablecoin, so there would suddenly be too much bytes to be liquidated. And even if would get liquidated, some lucky one would get lot of cheap bytes and GBYTE would just find a new lower market price.

I am not saying that somebody should do a yet another stablecoin (don't see the need), I am just saying that it can be done even if it is not instant success. Your approach seems to be for everything that nothing cannot be done. Not sure why you are still here, weird fetish.

[tarmo888]

I remember I've recently got some rewards from the former bytecoin smart contract. Do you know if the airdrop smart contract holds future rewards for a next period, like the next year or so? Or is there any way I can check that in my wallet?

Which smart-contract? Was it Steem attestation, where half of the reward was given right away and half was locked up in smart-contract? This smart-contract doesn't have any periods, it was just one time thing, you got reward for doing it once and half of it was just locked, so you wouldn't dump everything at once.

All the smart-contracts that you have should be visible on Home screen. Other than Steem attestation, smart-vouchers referral system for Real Name Attestation is using also 1 year time-locked smart-contracts when you want to withdraw your referral rewards.