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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1227767 times)
naska21
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December 10, 2019, 09:52:48 AM
 #22061


The functionality to backup all wallet data (including private data) is built into the wallet app in the Setting menu.


I'm still using the old-fashion style to backup my light weight client by doing it for the whole ....\AppData\Local\byteball folder and it never let me down.

You are missing one of the features of built-in backup feature, which is the encryption with a passphrase. This makes it possible to backup your wallet to cloud drive.
I guess you could do the same by password protecting the zip file or adding the password spending restriction, but that seems like lot more work.

I never trust any cloud services when it comes to these kind of things and my wallet is not password protected. Why would I need it if the wallet is on my home computer. Anyway I use multisig 1-of-2 wallet and if even one of two is out off commission  I'm safe.

No trust needed when encrypted with strong passphrase. If the backup is on same machine as the wallet then it's really not a backup, but copy of data folder.
But yeah, 1-of-2 wallet is good option too, but it would still be good to have a backup of that other device somewhere else too.

The copy of Obyte's data folder on the non-system drive that residents on the same machine is still a back-up if the system drive failed.  Wink Of course, it's a matter of taste whether you holding that copy on second drive or, say, on removable flash drive.

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tonych
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December 13, 2019, 03:51:07 PM
 #22062

Two news today:

1. We are looking for a better name for "witness"
https://medium.com/obyte/whats-a-better-name-for-a-witness-cd48c6355793
See the article to learn why we need it.



2. Bosch is a witness candidate
https://medium.com/obyte/bosch-connectory-is-the-next-candidate-to-become-a-witness-on-the-obyte-public-network-b99572870644



You are invited to vote during the next 2 weeks through the Poll Bot in your wallet.
The results so far:



Simplicity is beauty
naska21
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December 13, 2019, 03:59:26 PM
 #22063



2. Bosch is a witness candidate



Bosch  means Robert Bosch GmbH  - the world-known company from Germany, right? If yes I will definitely vote. 

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tarmo888
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December 13, 2019, 04:03:02 PM
 #22064



2. Bosch is a witness candidate



Bosch  means Robert Bosch GmbH  - the world-known company from Germany, right? If yes I will definitely vote. 

Yes, but Robert Bosch GmbH has many subsidiaries, this witness is from Bosch Stuttgart Connectory subsidiary.
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December 13, 2019, 09:08:33 PM
 #22065

Bosch? Seems promising...
It can be later a world wide support for OByte.

My acc's: ifinta66 on the twitter *O* ifinta on LinkedIn
About Charm - a kind of 'No' Money *O* OUR IEO on ODEX Exchange ... *O* About Vortexledger (Planned algo PoSL) *O* A kind of Tangle ... *O* OpenSC4D
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December 14, 2019, 02:25:31 PM
 #22066

In the meantime all time low reached yesterday: 0.00178 BTC per GB.

Buy when there's blood on the street?
Or harbinger of further decline?


Chancellor on brink of second bailout for banks
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December 14, 2019, 08:52:54 PM
 #22067

Is it still possible to see addresses that have participated in the old airdrop? That page seems down.
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December 15, 2019, 01:05:12 AM
 #22068

Any bagholders looking to sell large amounts, please message me. 500GB or more.

We can do escrow with someone reputable from the community.

Cheers

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December 15, 2019, 08:43:32 AM
 #22069

Bad news -> sell. Good news -> sell. Crypto winter Undecided
Hopefully, it will not last forever, the number of Bytes is limited Tongue I like the fact that very little is given for free these days.

I can understand sellers who bought earlier and now cover losses. But those who get for free, I can't understand. My position is that the team gives me free shares in exchange for trust in their work -> hold them while the project grows and sell them when it is strong and mature enough. Presently the team is working really hard and continues developing no matter what price is and no matter what others say. And the results are impressive.
Congrats with the new witness candidate! I see the big opportunity with this relationship.
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December 15, 2019, 11:15:15 AM
 #22070

I wonder if this price decline is not excacerbated by Tony himself.

How are the costs of running the project covered? We see some people hired so there are wages to pay.
The project has no revenue streams so the only conclusion is that the costs are covered by selling the remaining stash of GB. As the coin cap is very small and liquidity almost non-existent any sells by Tony drive the price down heavily.

There's still 27% of all GB to be dumped so there's still plenty of room to go down.
I wonder if the project will not die off after no more GB are left to sell.
It will be a moment of reckoning for the project.


Chancellor on brink of second bailout for banks
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December 15, 2019, 01:02:11 PM
 #22071

Bad news -> sell. Good news -> sell. Crypto winter Undecided
Hopefully, it will not last forever, the number of Bytes is limited Tongue I like the fact that very little is given for free these days.

I can understand sellers who bought earlier and now cover losses. But those who get for free, I can't understand. My position is that the team gives me free shares in exchange for trust in their work -> hold them while the project grows and sell them when it is strong and mature enough. Presently the team is working really hard and continues developing no matter what price is and no matter what others say. And the results are impressive.
Congrats with the new witness candidate! I see the big opportunity with this relationship.
what results?

Quote
I wonder if the project will not die off after no more GB are left to sell.
it will, what are you going to pay people when bytes are over?
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December 15, 2019, 02:44:36 PM
 #22072

Bad news -> sell. Good news -> sell. Crypto winter Undecided
Hopefully, it will not last forever, the number of Bytes is limited Tongue I like the fact that very little is given for free these days.

I can understand sellers who bought earlier and now cover losses. But those who get for free, I can't understand. My position is that the team gives me free shares in exchange for trust in their work -> hold them while the project grows and sell them when it is strong and mature enough. Presently the team is working really hard and continues developing no matter what price is and no matter what others say. And the results are impressive.
Congrats with the new witness candidate! I see the big opportunity with this relationship.

No, GBYTE is not shares, what you describe would be a security. GBYTE is fuel for the Obyte network (you need them to post anything to Obyte DAG) and Obyte has no control over the price and it will not pay any dividends from the work it does, Obyte Foundation is non-profit organization. GBYTE price depends on demand and supply of the community, but since the community has shrink so much during the bear market, not much BTC is needed to move the price in any direction.
tarmo888
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December 15, 2019, 03:07:26 PM
 #22073

Presently the team is working really hard and continues developing no matter what price is and no matter what others say. And the results are impressive.
Congrats with the new witness candidate! I see the big opportunity with this relationship.
what results?
Try to keep up, just scroll up to see the latest news or go to following addresses what has been done recently:
https://medium.com/obyte
https://twitter.com/ObyteOrg

Quote
I wonder if the project will not die off after no more GB are left to sell.
it will, what are you going to pay people when bytes are over?
At current rate, do you realized that it would take 4-6 years to distribute all the Bytes? The same way how the price could still cut in half, the price could double too. Even more, staff can be let go during the times of the most shittiest price. That's not going to kill the Obyte network, eventually Obyte should work just from maintaining it, but currently Obyte has chosen to improve even further by implementing Autonomous Agents.
Also, at current rate of replacing witness once in 6 months, getting 6 witnesses replaced (huge milestone) is only 2 years from now, but since there was fix to a bug, which caused the light wallets to lookup suitable parents from way far past, the speed of replacing witnesses should improve from now on.
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December 15, 2019, 04:14:27 PM
 #22074

In the meantime all time low reached yesterday: 0.00178 BTC per GB.

Buy when there's blood on the street?
Or harbinger of further decline?



Can't be helped. The whole altcoin industry is largely abandoned by speculators and long time investors. The herd will go to where the herd will go. During these times, you will know which developers stuck around even when the financial gain is actually negative.

tarmo888
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December 15, 2019, 06:42:47 PM
 #22075

In the meantime all time low reached yesterday: 0.00178 BTC per GB.

Buy when there's blood on the street?
Or harbinger of further decline?

Can't be helped. The whole altcoin industry is largely abandoned by speculators and long time investors. The herd will go to where the herd will go. During these times, you will know which developers stuck around even when the financial gain is actually negative.

Is 2019-2020 any different from 2015-2016?
fuk
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December 15, 2019, 07:50:29 PM
 #22076

In the meantime all time low reached yesterday: 0.00178 BTC per GB.

Buy when there's blood on the street?
Or harbinger of further decline?

Can't be helped. The whole altcoin industry is largely abandoned by speculators and long time investors. The herd will go to where the herd will go. During these times, you will know which developers stuck around even when the financial gain is actually negative.

Is 2019-2020 any different from 2015-2016?
dotcom bubble? never heard). Crypto is in the same condition as dotcom companies without legit business. Only idiots continue to hope for a new bubble in this area)
tarmo888
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December 15, 2019, 10:10:54 PM
 #22077

In the meantime all time low reached yesterday: 0.00178 BTC per GB.

Buy when there's blood on the street?
Or harbinger of further decline?

Can't be helped. The whole altcoin industry is largely abandoned by speculators and long time investors. The herd will go to where the herd will go. During these times, you will know which developers stuck around even when the financial gain is actually negative.

Is 2019-2020 any different from 2015-2016?
dotcom bubble? never heard). Crypto is in the same condition as dotcom companies without legit business. Only idiots continue to hope for a new bubble in this area)

How exactly are those idiots wrong this time and were not wrong last time? When BTC gets back at ATH, all those non-idiot rational "investors" will be back FOMOing empty promises on white papers because they are unable to make a difference between turd and gem. Next time is not going to be any different, it will probably happen much quicker and percentage-wise not as much, but it will happen no matter how deep in denial you are.
fuk
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December 15, 2019, 10:13:06 PM
 #22078

In the meantime all time low reached yesterday: 0.00178 BTC per GB.

Buy when there's blood on the street?
Or harbinger of further decline?

Can't be helped. The whole altcoin industry is largely abandoned by speculators and long time investors. The herd will go to where the herd will go. During these times, you will know which developers stuck around even when the financial gain is actually negative.

Is 2019-2020 any different from 2015-2016?
dotcom bubble? never heard). Crypto is in the same condition as dotcom companies without legit business. Only idiots continue to hope for a new bubble in this area)

How exactly are those idiots wrong this time and were not wrong last time? When BTC gets back at ATH, all those non-idiot rational "investors" will be back FOMOing empty promises on white papers because they are unable to make a difference between turd and gem. Next time is not going to be any different, it will probably happen much quicker and percentage-wise not as much, but it will happen no matter how deep in denial you are.
haha keep dreaming, will ping you after another 2 year of endless dump)
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December 15, 2019, 10:34:43 PM
 #22079

Has there ever been a cryptocurrency that existed for a long time outside of the top 20 and then underwent a revival and became very popular? I don't think so. I think gaining and maintaining some high level of momentum is critically necessary to be a successful cryptocurrency. Maybe Byteball will be the first one, but I'm surely not betting on it.
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December 15, 2019, 11:23:07 PM
 #22080

Has there ever been a cryptocurrency that existed for a long time outside of the top 20 and then underwent a revival and became very popular? I don't think so. I think gaining and maintaining some high level of momentum is critically necessary to be a successful cryptocurrency. Maybe Byteball will be the first one, but I'm surely not betting on it.

How many in top 20 are old timers? Who is, beside some very few coins in top 20, maintaining high level of momentum? So, "successful cryptocurrency" is just top 1, top 2, top 3?
Seems to me that general tactic is to make a new coin after every few years and let the old one die. No wonder it's difficult to get any adoption, if cryptocurrency lifetime is shorter that the fiat 24 year life-expectancy.
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