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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1226726 times)
xenon131
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October 01, 2020, 05:52:22 AM
 #22321

...You don't even know what you're talking about but you start throwing insults around straight away. Pretty damn sad.

I just can't grasp it and think that many of you too because if we have great tech, development and additionally whales backing up the project, then we have the best recipe for success.

So what happened, why it's going like this all the time?

to be short - IMO, lack of materials like articles, videos, posts on forums etc.  that explain all project technicalities in simple, easy to understand wordings. Take for example ostable.org. It is full of ink-horn terms like "capacitor" etc.   that  talk over one's head   but common people won’t waste their time dealing with them. I have created four threads (two of them are in Russian local)  here, on bitcointalk, to show in simple pictures how things work, and I  call upon all those who are not indifferent to the project follow my initiative.

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tarmo888
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October 01, 2020, 05:59:43 AM
 #22322

...You don't even know what you're talking about but you start throwing insults around straight away. Pretty damn sad.

I just can't grasp it and think that many of you too because if we have great tech, development and additionally whales backing up the project, then we have the best recipe for success.

So what happened, why it's going like this all the time?

to be short - IMO, lack of materials like articles, videos, posts on forums etc.  that explain all project technicalities in simple, easy to understand wordings. Take for example ostable.org. It is full of ink-horn terms like "capacitor" etc.   that  talk over one's head   but common people won’t waste their time dealing with them. I have created four threads (two of them are in Russian local)  here, on bitcointalk, to show in simple pictures how things work, and I  call upon all those who are not indifferent to the project follow my initiative.

Thanks for spreading the message, great initiative, we need more explanation from different people because people understand things differently, so more people different people explaining things in their way will reach more people who think the same.
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October 01, 2020, 08:05:04 PM
Last edit: October 02, 2020, 03:47:05 PM by wwzsocki
 #22323

Which exchanges delisted?

You are right it was only my thought which I never checked correctly but now, to be honest, I don know what is worst?

That Obyte or Bytebal was never delisted or that it's for so long, listed only on one relatively small exchange Bittrex?

This shows that exchanges have no business in listing Obyte which makes it hard to buy and sell for potential investors which equals low volumes and suppressed price.

...I have created four threads (two of them are in Russian local)...

Yes, I have seen already your work, all I can say is that the Obyte team is lucky to have community members like you, who always try to help.

I have seen already many members like you during all these years and I have read many articles about Byteball, Obyte, BlackBites, Bites, DAG, bots and many other Obyte functionalities or added features on top of it. in between there were fully technical articles but also a simple written for an average Joe, still seems that Obyte is nowhere, at least this is what the price is telling me for a very long time.

Of course "buy the dips" and I am really happy to see these new stablecoins, I think this is a great idea and right on time when stablecoins are in demand, this is a big chance, especially, with such enhanced stabelcoins, like these once are. Still, I would never have known about them if I hadn't read this thread and I have to tell you that I am closely monitoring all crypto news every day, nothing that is important can't escape my attention, so for sure better marketing is needed. More advertising, more community members like you @Xenon131, who will spread the word about Obyte.

Just my 2 GBYTEs  Wink.

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October 01, 2020, 09:00:17 PM
 #22324

Which exchanges delisted?

You are right it was only my thought which I never checked correctly but now, to be honest, I don know what is worst?

That Obyte or Bytebal was not delisted or that it's for so long, listed only on one relatively small exchange Bittrex?

This shows that exchanges have no business in listing Obyte which makes it hard to buy and sell for potential investors which equals low volumes and suppressed price.

Not sure how is it bad that it's not delisted?
Bittrex is not small, they are very legit exchange.
Exchanges are unfortunately not interested in coins that have small communities. So, the price needs to pump, everybody should start making noise about Obyte and then exchanges will have a new look at coin. Bonded Stablecoins is the new best chance, the Killer dApp that Obyte needed.


Just my 2 Obytes.

Obyte is the project (there is only 1 Obyte), the currency would be Obyte Bytes (ticker: GBYTE).
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October 01, 2020, 09:37:56 PM
 #22325

Obyte is the project (there is only 1 Obyte), the currency would be Obyte Bytes (ticker: GBYTE).

You see, even the names, tickers are so confusing and for me, that is hard to grasp that you have re-branded one time already, exactly to this. (What was wrong with ByteBall?)

When we add

... lack of materials like articles, videos, posts on forums etc.  that explain all project technicalities in simple, easy to understand wordings...

and all that I have written above, then slowly we have the picture of Obyte and reasons why this project is where it is actually.

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October 01, 2020, 11:38:22 PM
 #22326

Another stablecoin: GB2.

It represents a 2x leveraged position in GBYTE vs USD. The price of the token is currently about 23 GBYTE, the same as the price of GBYTE in USD. That is, the price in USD is 23-squared now and is pegged to (GBYTE/USD)2. Try it out https://ostable.org/trade/MCZAGO47NLPO25KOOJHN22PNKEGLQ6XV#buy.

If 2x leverage is too small for you, feel free to create a 10x, just specify the desired leverage on the create page https://ostable.org/create.

Warning: trading with leverage is dangerous as leverage multiplies your losses (and gains).

Simplicity is beauty
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October 01, 2020, 11:58:10 PM
 #22327

Obyte is the project (there is only 1 Obyte), the currency would be Obyte Bytes (ticker: GBYTE).

You see, even the names, tickers are so confusing and for me, that is hard to grasp that you have re-branded one time already, exactly to this. (What was wrong with ByteBall?)

Are you aware of this? It pretty much explains your question https://medium.com/obyte/byteball-rebrand-the-next-step-to-real-world-adoption-6a0a924390de

... lack of materials like articles, videos, posts on forums etc.  that explain all project technicalities in simple, easy to understand wordings...

and all that I have written above, then slowly we have the picture of Obyte and reasons why this project is where it is actually.

And these these explain the technology
https://medium.com/obyte/dag/home
https://obyte.org/technology
https://obyte.org/technology/order-providers
https://obyte.org/faq
xenon131
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October 02, 2020, 06:22:03 AM
Last edit: October 02, 2020, 06:43:21 AM by xenon131
 #22328


Wow, didn't read the first in the list,  I'm going to. I have the plans to gather as much information as possible regarding Obyte+DeFi and write the guide explaining  its stable coins, yield farming and liquidity mining in simple wording, sure from my angle. Think it will help Obyte adoption.

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tonych
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October 09, 2020, 10:29:58 PM
 #22329

Another stablecoin: GB2.

It represents a 2x leveraged position in GBYTE vs USD. The price of the token is currently about 23 GBYTE, the same as the price of GBYTE in USD. That is, the price in USD is 23-squared now and is pegged to (GBYTE/USD)2. Try it out https://ostable.org/trade/MCZAGO47NLPO25KOOJHN22PNKEGLQ6XV#buy.

If 2x leverage is too small for you, feel free to create a 10x, just specify the desired leverage on the create page https://ostable.org/create.

Warning: trading with leverage is dangerous as leverage multiplies your losses (and gains).


A stablecoin representing 2x leveraged short position in GBYTE vs USD is also available now: GB2S (S stands for short).

https://ostable.org/trade/N2P2OG4B32ZHGMPDJSSNNTNWYCOPFNVW#buy


Simplicity is beauty
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October 12, 2020, 11:02:19 PM
 #22330

Bonded stablecoins can take somewhat odd turns and enable creation of stablecoins pegged to ... the price of their own reserve.

The newly launched IGB is one such example, it is pegged to GBYTE + 16% interest. There are no oracles at all, no external price feeds. The corresponding stable token OGB is pegged to GBYTE.

Unlike other bonded stablecoins which create positive externalities by creating tradable assets that didn't exist before, IGB is a purely speculative token, it allows to make GBYTE by locking GBYTE, similar to staking, similar to full moon airdrops we had before.

https://ostable.org/trade/UH6SNZMZKHWMRM7IQZGFPD5PQULZZSBI#buy

Simplicity is beauty
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October 19, 2020, 10:47:04 AM
 #22331



We have great news🚀: Obyte Wallet version 3.3.1 released, it fixes several bugs related to accepting smart contracts in chat . You can download the current version from our GitHub: https://github.com/byteball/obyte-gui-wallet/releases
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October 20, 2020, 06:50:08 AM
 #22332

Bonded stablecoins can take somewhat odd turns and enable creation of stablecoins pegged to ... the price of their own reserve.

The newly launched IGB is one such example, it is pegged to GBYTE + 16% interest. There are no oracles at all, no external price feeds. The corresponding stable token OGB is pegged to GBYTE.

Unlike other bonded stablecoins which create positive externalities by creating tradable assets that didn't exist before, IGB is a purely speculative token, it allows to make GBYTE by locking GBYTE, similar to staking, similar to full moon airdrops we had before.

https://ostable.org/trade/UH6SNZMZKHWMRM7IQZGFPD5PQULZZSBI#buy

So I pay Gbyte for IGB, hold the latter  in my wallet and after redeeming it in year get +16 % in return, is this correct? Measured in months it gives  approximately 1 byte for every 100 bytes converted to IGB. Full moon airdrop was  at least 10 times  this estimate.

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October 20, 2020, 07:41:56 AM
 #22333

Bonded stablecoins can take somewhat odd turns and enable creation of stablecoins pegged to ... the price of their own reserve.

The newly launched IGB is one such example, it is pegged to GBYTE + 16% interest. There are no oracles at all, no external price feeds. The corresponding stable token OGB is pegged to GBYTE.

Unlike other bonded stablecoins which create positive externalities by creating tradable assets that didn't exist before, IGB is a purely speculative token, it allows to make GBYTE by locking GBYTE, similar to staking, similar to full moon airdrops we had before.

https://ostable.org/trade/UH6SNZMZKHWMRM7IQZGFPD5PQULZZSBI#buy

So I pay Gbyte for IGB, hold the latter  in my wallet and after redeeming it in year get +16 % in return, is this correct? Measured in months it gives  approximately 1 byte for every 100 bytes converted to IGB. Full moon airdrop was  at least 10 times  this estimate.

Yes, for every 1GB, you get 96.666MB per month, which is pretty good when you compare it with other interest bearing tokens.

The reason why it can't have as insane APY as moondrops is that this interest is not coming from distribution fund, but from keeping the price on-peg.

Keep your eyes open for upcoming distributions, there is already one https://medium.com/obyte/distribution-to-buyers-of-bonded-stablecoins-4854b4570a03

Also, providing liquidity to low-risk pool can be profitable, there is link to Google Docs with all the pools in this post https://medium.com/obyte/ask-not-what-obyte-can-do-for-you-ask-what-you-can-do-for-obyte-7c07b30d894c
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October 20, 2020, 05:45:35 PM
 #22334

To improve the liquidity of bonded stablecoins, we'll incentivize liquidity provision on selected Oswap pools.

100 GB per week will be distributed to liquidity providers.

https://medium.com/obyte/liquidity-mining-8cce2bf3722e

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October 21, 2020, 09:11:00 AM
Last edit: October 21, 2020, 09:34:19 AM by xenon131
 #22335

To improve the liquidity of bonded stablecoins, we'll incentivize liquidity provision on selected Oswap pools.

100 GB per week will be distributed to liquidity providers.

https://medium.com/obyte/liquidity-mining-8cce2bf3722e

Good to hear that, I'll give it a try.   In what proportion this 100 GB will be distributed between pools, equally or on the base of funds (measured say in dollars) the given pool accumulates? And what about time-framing, what should I expect  to get when  locking  my tokens in the pool not for 7days (Wednesdays to Wednesdays) but for 3 days in the middle? And it's not clear from the article, 28.10.2020 is the  date for first distribution or first snapshot? Article said it's distribution date but  when snapshot then?

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tarmo888
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October 21, 2020, 09:37:48 AM
 #22336

To improve the liquidity of bonded stablecoins, we'll incentivize liquidity provision on selected Oswap pools.

100 GB per week will be distributed to liquidity providers.

https://medium.com/obyte/liquidity-mining-8cce2bf3722e

Good to hear that, I'll give it a try.   In what proportion this 100 GB will be distributed between pools, equally or on the base of funds (measured say in dollars) the given pool accumulates? And what about time-framing, what should I expect  to get when  locking  my tokens in the pool not for 7days (Wednesdays to Wednesdays) but for 3 days in the middle?

You cannot lock for 3 days, it will be locked for 7 days, the snapshot of funds sent to AA is taken once per week and 100GB is divided between all the depositors based on the value of the assets in GBYTE. Each pool has it's weight shown on website and these can change in future.
xenon131
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October 21, 2020, 10:09:25 AM
 #22337

To improve the liquidity of bonded stablecoins, we'll incentivize liquidity provision on selected Oswap pools.

100 GB per week will be distributed to liquidity providers.

https://medium.com/obyte/liquidity-mining-8cce2bf3722e

Good to hear that, I'll give it a try.   In what proportion this 100 GB will be distributed between pools, equally or on the base of funds (measured say in dollars) the given pool accumulates? And what about time-framing, what should I expect  to get when  locking  my tokens in the pool not for 7days (Wednesdays to Wednesdays) but for 3 days in the middle?

You cannot lock for 3 days, it will be locked for 7 days, the snapshot of funds sent to AA is taken once per week and 100GB is divided between all the depositors based on the value of the assets in GBYTE. Each pool has it's weight shown on website and these can change in future.

Thanks, so after the first snapshot the tokens  will be locked for 7 days? then when the first snapshot, on 28.10 or it was today? And  to get reward should I remove liquidity or reward will go to my wallet automatically? in what form, in form of GBytes or tokens? and how to get locked tokens back?

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October 21, 2020, 11:48:54 PM
 #22338

To improve the liquidity of bonded stablecoins, we'll incentivize liquidity provision on selected Oswap pools.

100 GB per week will be distributed to liquidity providers.

https://medium.com/obyte/liquidity-mining-8cce2bf3722e

Good to hear that, I'll give it a try.   In what proportion this 100 GB will be distributed between pools, equally or on the base of funds (measured say in dollars) the given pool accumulates? And what about time-framing, what should I expect  to get when  locking  my tokens in the pool not for 7days (Wednesdays to Wednesdays) but for 3 days in the middle?

You cannot lock for 3 days, it will be locked for 7 days, the snapshot of funds sent to AA is taken once per week and 100GB is divided between all the depositors based on the value of the assets in GBYTE. Each pool has it's weight shown on website and these can change in future.

Thanks, so after the first snapshot the tokens  will be locked for 7 days? then when the first snapshot, on 28.10 or it was today? And  to get reward should I remove liquidity or reward will go to my wallet automatically? in what form, in form of GBytes or tokens? and how to get locked tokens back?

No, the lock starts from the date you deposited the pool tokens to AA, the first snapshot is on 28. November. On that date, you get GBYTE rewarded to your address and when 7 days have past from your deposit date then you are free to withdraw the pool tokens from AA if you wish, but it would make more sense to compound the yield and add the rewarded GBYTE from distribution to Oswap.io pools again, which will give you more pool tokens. If you then add the new pool tokens to https://liquidity.obyte.org/ AA then the 7 day lock is extended another 7 days.

You can click on your address on https://liquidity.obyte.org/ and it will show you how much longer it is locked and there are buttons to withdraw or add more.
xenon131
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October 22, 2020, 08:33:41 AM
 #22339




No, the lock starts from the date you deposited the pool tokens to AA, the first snapshot is on 28. November. On that date, you get GBYTE rewarded to your address and when 7 days have past from your deposit date then you are free to withdraw the pool tokens from AA if you wish, but it would make more sense to compound the yield and add the rewarded GBYTE from distribution to Oswap.io pools again, which will give you more pool tokens. If you then add the new pool tokens to https://liquidity.obyte.org/ AA then the 7 day lock is extended another 7 days.

You can click on your address on https://liquidity.obyte.org/ and it will show you how much longer it is locked and there are buttons to withdraw or add more.

These dates are a big mess. You said "the first snapshot is on 28 November"  but article says the first distribution is scheduled   for October, 28th. The distribution a month before snapshot? Either I don’t understand something  or you got it wrong.

Should I withdraw my LP tokens from AA after the first round of distribution and then return  them back to AA to participate in the second  round or I may leave them with AA for the whole span of all rounds to be eligible for getting reward.
 

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October 22, 2020, 08:43:13 AM
 #22340




No, the lock starts from the date you deposited the pool tokens to AA, the first snapshot is on 28. November. On that date, you get GBYTE rewarded to your address and when 7 days have past from your deposit date then you are free to withdraw the pool tokens from AA if you wish, but it would make more sense to compound the yield and add the rewarded GBYTE from distribution to Oswap.io pools again, which will give you more pool tokens. If you then add the new pool tokens to https://liquidity.obyte.org/ AA then the 7 day lock is extended another 7 days.

You can click on your address on https://liquidity.obyte.org/ and it will show you how much longer it is locked and there are buttons to withdraw or add more.

These dates are a big mess. You said "the first snapshot is on 28 November"  but article says the first distribution is scheduled   for October, 28th. The distribution a month before snapshot? Either I don’t understand something  or you got it wrong.

Should I withdraw my LP tokens from AA after the first round of distribution and then return  them back to AA to participate in the second  round or I may leave them with AA for the whole span of all rounds to be eligible for getting reward.
 

My mistake, i meant 28 October, i somehow was already thinking that it's November.

No, you do NOT have to remove LP tokens from distribution and then add it back to LP distribution, that would make no sense.

What is already there will take part of next round too, it's even recommended that you get more LP tokens with the reward you got because then you will compound the interest.
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