Obyte: Totally new consensus algorithm + private untraceable payments

[JanpriX]

There's a rather large buy order on Bittrex:

~snip~

Seems to go down in price a bit every day.

If anyone is interested in selling 1000GB or more, I'll give a better price.

You will not find any seller here. Why don't you just go into an exchange and set a buy order with your "better price". In that sense, you will not have to go into hiring some escrow and do those cumbersome things. It is much easier doing such things in an exchange.

[kaicrypzen]

There's a rather large buy order on Bittrex:

~snip~

Seems to go down in price a bit every day.

If anyone is interested in selling 1000GB or more, I'll give a better price.

You will not find any seller here. Why don't you just go into an exchange and set a buy order with your "better price". In that sense, you will not have to go into hiring some escrow and do those cumbersome things. It is much easier doing such things in an exchange.

Lortz if you are concerned with Bittrex's KYC, you can go to cryptox.pl, someone might sell in your order there.

[JanpriX]

Bosch Connectory Approved as Obyte Witness

"The results of the Bosch Connectory poll are in — and the results are overwhelmingly in favour of The Bosch Connectory joining Rogier Eijkelhof and Fabien Marino and becoming an order provider (Witness) on the Obyte default hub."

Code: (ARTICLE)

https://medium.com/obyte/bosch-connectory-approved-as-obyte-witness-670845eb9e03

[tarmo888]

"I think Obyte has a sh!tloads of technology, and if the world was fair, it would have higher value. And I don't think the world is fair. And I don't think adding extra technology would help. Your only chance is marketing chance and even then... It's hard right now." ~ Richard Heart on Obyte Podcast https://obyte.fireside.fm/richard-heart?t=9018

[fuk]

"I think Obyte has a sh!tloads of technology, and if the world was fair, it would have higher value. And I don't think the world is fair. And I don't think adding extra technology would help. Your only chance is marketing chance and even then... It's hard right now." ~ Richard Heart on Obyte Podcast https://obyte.fireside.fm/richard-heart?t=9018

imo distribution killed this project. Even if you put aside lisk, waves, iconomi, comodo. Bitcoin actually had the similar task - how to distribute coins. From the scratch subsidy for miners is not the way, they should earn from fees. Fair economy, without government subsidy shit. But then Satoshi still had to distribute coins. So he just put it in coinbase reward. But he could airdrop all btc in the same way as Tony did, just with some other methods. Maybe, maybe Tony should have done the same. Start with pow and subsidy, and move to witnesses over time. Maybe this would create stronger community, who know. I understand Tony's decision to go with distribution, it’s fair and it seems you are doing everything right to create a community. But that did not work. While some pow coins managed to create somewhat ok communities. Perhaps there would be more candidates on witnesses, more transparency. But this is only a version, the crypto is dying and small projects like obyte are at the forefront of this process.
Well, yes, I understand that I said stupidity, because there is no need pow for obyte and even if you want to, it’s unlikely to be realized. But the distribution was unsolved issue then. Whel he could airdrop it to vc investors like vitalik did, but this is no easier task than the rest

[tarmo888]

"I think Obyte has a sh!tloads of technology, and if the world was fair, it would have higher value. And I don't think the world is fair. And I don't think adding extra technology would help. Your only chance is marketing chance and even then... It's hard right now." ~ Richard Heart on Obyte Podcast https://obyte.fireside.fm/richard-heart?t=9018

imo distribution killed this project. Even if you put aside lisk, waves, iconomi, comodo. Bitcoin actually had the similar task - how to distribute coins. From the scratch subsidy for miners is not the way, they should earn from fees. Fair economy, without government subsidy shit. But then Satoshi still had to distribute coins. So he just put it in coinbase reward. But he could airdrop all btc in the same way as Tony did, just with some other methods. Maybe, maybe Tony should have done the same. Start with pow and subsidy, and move to witnesses over time. Maybe this would create stronger community, who know. I understand Tony's decision to go with distribution, it’s fair and it seems you are doing everything right to create a community. But that did not work. While some pow coins managed to create somewhat ok communities. Perhaps there would be more candidates on witnesses, more transparency. But this is only a version, the crypto is dying and small projects like obyte are at the forefront of this process.

Well, Bitcoin distribution only worked until you were able to mine it with your CPU and GPU, which most people have. All you needed to do was run the miner and your got the money. Nowadays you can do that with Ethereum, but even then you need to be in mining pool where you trust that the pool operator will pay you your share of work.

The podcast is long, but one of the topics we covered was also the fact that Bitcoin mining nowadays is just a security theater and protection racket. You are not protecting Bitcoin from outside force, you are protecting Bitcoin from other miners. In the end, there is not much point to have multiple PoW coins, the one with most hashpower matters, rest could be easily attacked.

[JesusCryptos]

I've seen Obyte has now started a discussion on Twitter/Reddit on the them of the draw - to continue or not this distribution lottery or to change it into perhaps a daily or even a hourly draw. As I've said in the past, I'd be in favor of either abolishing the lottery, or perhaps turn it into a daily/hourly one, which at least would benefit many more people. Concerns of price dumping if the lottery is abolished are quite irrelevant in my view - sooner or later the distribution will end and we'll have to face the market anyway.

[tbct_mt2]

Lortz if you are concerned with Bittrex's KYC, you can go to cryptox.pl, someone might sell in your order there.

I use the cryptox.pl for a long time ago, when I got troubles with KYC on Bittrex (they rejected my KYCs due to somethings relate to my selfie or ID image). That exchange worked fine for me that time, deposits and withdrawals were both fastly. Then, when my KYC on Bittrex successfully verified, I stopped using cryptox.pl exchange. One or two months ago, when I checked them again, they still have very little trading pairs, that is not good for them.

We're going to launch a DEX in a few weeks

https://medium.com/obyte/whats-next-for-obyte-a-decentralized-exchange-fd7164569a9d

It's cool and it will be a great boost for the new year. From that article, I can not find any points relate to KYCs. How about the Obyte team plan for KYC (required or not) on the coming DEX?

By the way, regarding to future plans, how about promotions and / or coorporations with other parties to expand the betting features of Obyte? I think Obyte is good enough to be used widely over casinos.

[tarmo888]

We're going to launch a DEX in a few weeks

https://medium.com/obyte/whats-next-for-obyte-a-decentralized-exchange-fd7164569a9d

It's cool and it will be a great boost for the new year. From that article, I can not find any points relate to KYCs. How about the Obyte team plan for KYC (required or not) on the coming DEX?

That doesn't sound very decentralized if the DEX is doing KYC, but since Obyte has already Real Name Attestation built-in, the official DEX might ask some details of your private profile, don't know yet.
But, since it will be open-source DEX, anybody can run their own DEX with different pairs and without any KYC.

By the way, regarding to future plans, how about promotions and / or coorporations with other parties to expand the betting features of Obyte? I think Obyte is good enough to be used widely over casinos.

Not sure if Sports Betting on Obyte is so unpopular because of lack of features or limited amount of sports events. Autonomous Agents could make Sports Betting even more decentralized, but the basics are already there, getting people to even use the basic features is the problem https://bb-odds.herokuapp.com/

[tarmo888]

I've seen Obyte has now started a discussion on Twitter/Reddit on the them of the draw - to continue or not this distribution lottery or to change it into perhaps a daily or even a hourly draw. As I've said in the past, I'd be in favor of either abolishing the lottery, or perhaps turn it into a daily/hourly one, which at least would benefit many more people. Concerns of price dumping if the lottery is abolished are quite irrelevant in my view - sooner or later the distribution will end and we'll have to face the market anyway.

Can you explain how having no incentive to HODL bytes on your address will not cause dumping and how the "distribution will end sooner or later" if stopped distribution will mean that undistributed funds will take even longer to be distributed? Not sure I understand this logic.

At current distribution rate and current price, distribution fund has 4-6 years runway, only thing that can speed up the distribution is either worse GBYTE price or even more bytes distributed every day. Obyte needs predictable distribution rate, Draw Airdrop currently has that, any other distribution method that could provide that? Except mining, that's stupid. Obyte already distributes via WCGrid.

[U]

We're going to launch a DEX in a few weeks

https://medium.com/obyte/whats-next-for-obyte-a-decentralized-exchange-fd7164569a9d

DEX is future.
Good works.

[tbct_mt2]

That doesn't sound very decentralized if the DEX is doing KYC, but since Obyte has already Real Name Attestation built-in, the official DEX might ask some details of your private profile, don't know yet.
But, since it will be open-source DEX, anybody can run their own DEX with different pairs and without any KYC.

Thank you. There are limited decentralized exchanges and even they self-called as DEX, they are not truly decentralized. I asked for the information with KYC requirement plans from the team because months ago, the Crypto Bridge (an old DEX) asked for KYC aims at US. citizens first, then they moved to KYCs globally and finally they made scam-exit. That's terrible. I don't say DEX built by Obyte will be a scam one, just ask for plans and transparent information.

Not sure if Sports Betting on Obyte is so unpopular because of lack of features or limited amount of sports events. Autonomous Agents could make Sports Betting even more decentralized, but the basics are already there, getting people to even use the basic features is the problem https://bb-odds.herokuapp.com/

From the basics, it will be good for Obyte generally (volume, liquidity, acceptance and price at the end) if the betting features of Obyte will be spred out and used more popularly.

[naska21]

I've seen Obyte has now started a discussion on Twitter/Reddit on the them of the draw - to continue or not this distribution lottery or to change it into perhaps a daily or even a hourly draw. As I've said in the past, I'd be in favor of either abolishing the lottery, or perhaps turn it into a daily/hourly one, which at least would benefit many more people. Concerns of price dumping if the lottery is abolished are quite irrelevant in my view - sooner or later the distribution will end and we'll have to face the market anyway.

Gosh, seems I missed the point. What was that about distribution lottery? Any  link for more details?

[kaicrypzen]

Gosh, seems I missed the point. What was that about distribution lottery? Any  link for more details?

On the website https://obyte.org/#dist, you can see it mentioned as:

Prizes for winners and referrers of winners in the weekly draw.

Note that it has become a bi-weekly draw since the introduction of the AA contest

The medium article about it: https://medium.com/obyte/weekly-draw-for-the-byteball-community-f464ae731c88

Linked addresses, winners, rules an other info can be found here: http://draw.obyte.org/

[bitpotter]

We're going to launch a DEX in a few weeks

https://medium.com/obyte/whats-next-for-obyte-a-decentralized-exchange-fd7164569a9d

DEX is future.
Good works.

It looks very unique and easy to understand, hopefully with this DEX can make a slight surge in prices, I know this obtye used to be very expensive in exchange. But for now it is still fairly expensive even though there is no positive trend from the market.

[tarmo888]

It looks very unique and easy to understand, hopefully with this DEX can make a slight surge in prices, I know this obtye used to be very expensive in exchange. But for now it is still fairly expensive even though there is no positive trend from the market.

Obyte Bytes are not expensive, Bytes supply is 2.1 times smaller than Bitcoin satoshis. Even if you divide Bitcoin price with 2.1, you still don't get comparable prices.
https://twitter.com/tarmo888/status/1145423268951863297

You could compare the prices by looking how much bytes vs satoshis is needed for transaction:
For Bitcoin, average is 250 bytes * satoshis per byte.
For Obyte, typical transaction takes more than 500 Bytes. Multiple inputs and multi-device could easily double that. Autonomous Agents will also increase the need of Bytes.

So, if you see some shitcoin, which "looks cheap" then look how the supply looks like in smallest unit size (bytes, satoshis, wei) and how much of that you need to do even basic transactions on that platform. Without fees, you only have speculation value in that token, which all the other coins have too.

[pineapple express]

obyte is very expensive imo. I'd better wait for ps5 and buy this with oled tv than useless coins

[tarmo888]

obyte is very expensive imo. I'd better wait for ps5 and buy this with oled tv than useless coins

If they are so expensive, sell your bags and leave, you are useless to the project. You are not helping.
Or are you committed to get the price even lower, so you could buy low? you know - buy low, sell high.

I haven't watched TV for months, I guess everyone has their own ways how to waste time, but Playstation and TV are quite useless to spend money on.

[pineapple express]

obyte is very expensive imo. I'd better wait for ps5 and buy this with oled tv than useless coins

 but Playstation and TV are quite useless to spend money on.

you're so wrong here). Sony never rekt you unlike obyte and always deliver the promised entertainment

[naska21]

obyte is very expensive imo. I'd better wait for ps5 and buy this with oled tv than useless coins

but still you can earn it by joining Obyte WCG