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tarmo888
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April 15, 2021, 05:16:10 PM |
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If the asset ID is mX/3+2P2hssneRo9HsSjhZYrHL/kD+at+vnymNcBRKA= then it's probably just spam asset, you can hide assets when you click on the Gear icon.
Ok, looks like thats what that is. I had a lot of blackbytes on the previous wallet when it was on another PC. I can't seem to get those to show anymore. Bummer. Did you restore from seed words? Blackbytes are not on public chain and can be restored only from backup file. Seed words only restore public data, Bytes and other assets. |
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tarmo888
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April 17, 2021, 01:02:31 PM
Last edit: April 18, 2021, 04:59:50 PM by tarmo888 |
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Why does Obyte use such strange term as "bounded" when describing their stablecoins? For me all their stablecoins fall into well established class of algorithmic stablecoins the price of which is automatically controlled by algorithms. They use the bivariate function in their algo to control the price but the essence of their stablecoins doesn’t change - they are just algorithmic ones. IMO, this "bounded" in conjunction with stablecoin looks like "window-dressing" .
Algorithmic stablecoins are usually not backed by anything, Bonded stablecoins have reserve asset that backs them and is used to buy them. Mostly that reserve asset is GBYTE, but there can be any any token, even one of the stablecoins like OUSD or OUSDV2. The name Bonded comes from bonding curve. There aren't many stablecoins with bonding curves and there isn't any with bonding surface (multi-dimensional bonding curve). https://coinmarketcap.com/alexandria/glossary/bonding-curve |
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adaseb
Legendary
Activity: 4046
Merit: 1762
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April 19, 2021, 04:11:30 AM |
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Been a while since I last used Byteball. Does anyone know if the wallet which was released back in 2017 still works? Or do I need to upgrade to a newer wallet. I have all the old wallet backups saved.
Great to hear that this coin is still alive and going places. Great developement. I still remember getting the airdrops every full moon.
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tarmo888
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April 19, 2021, 05:41:23 AM |
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Been a while since I last used Byteball. Does anyone know if the wallet which was released back in 2017 still works? Or do I need to upgrade to a newer wallet. I have all the old wallet backups saved.
Great to hear that this coin is still alive and going places. Great developement. I still remember getting the airdrops every full moon.
No, the old Byteball wallet doesn't work, you need Obyte wallet app. Latest is v3.3.1 |
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tarmo888
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April 19, 2021, 06:41:22 PM |
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There are still many distributions going on: |
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tarmo888
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April 24, 2021, 01:33:53 PM |
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Why does Obyte use such strange term as "bounded" when describing their stablecoins? For me all their stablecoins fall into well established class of algorithmic stablecoins the price of which is automatically controlled by algorithms. They use the bivariate function in their algo to control the price but the essence of their stablecoins doesn’t change - they are just algorithmic ones. IMO, this "bounded" in conjunction with stablecoin looks like "window-dressing" .
Algorithmic stablecoins are usually not backed by anything, Bonded stablecoins have reserve asset that backs them and is used to buy them. Mostly that reserve asset is GBYTE, but there can be any any token, even one of the stablecoins like OUSD or OUSDV2. The name Bonded comes from bonding curve. There aren't many stablecoins with bonding curves and there isn't any with bonding surface (multi-dimensional bonding curve). https://coinmarketcap.com/alexandria/glossary/bonding-curve The big problem I see for your algorithmic stablecoins (OK, you may call them bounded, but they are algorithmic, large and by) is that their price in Gbyte do not reflect their real value in BTC/$. Probably to control their prices you need to implement not two-dementional but three- or even four dimensional function. The two more dimensions would be BTC and $. Market oracles would be helpful. No, algorithmic stablecoins are those that just manipulate the total supply or price based on the demand. Bonded Stablecoins are using bonding curves, thats where the name comes from, which means that the price is indeed algorithmic, but the coins are still backed with something. Just because it uses math, doesn't mean it's same as what algoritmic stablecoins are known as. It's same like Uniswap, which is using a bonding curve and is also backed by assets. Or Balancer Labs or Bancor. I think you don't understand what the bonding curve dimensions do, but if you mean that it needs multiple assets as a reserve/collateral then that just makes everything more complex when there is already ways to keep the price on peg. And backing a decentralized asset with fiat is only a nonsense that Ethereum people are able to come up with, but that's pretty much the best choice they can do when they have liquidations. Bonded Stablecoins have no margin calls, no liquidations. |
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tarmo888
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April 25, 2021, 01:02:19 PM
Last edit: April 26, 2021, 05:49:10 AM by tarmo888 |
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if you mean that it needs multiple assets as a reserve/collateral then that just makes everything more complex when there is already ways to keep the price on peg.
And backing a decentralized asset with fiat is only a nonsense that Ethereum people are able to come up with, but that's pretty much the best choice they can do when they have liquidations.
Bonded Stablecoins have no margin calls, no liquidations.
Then they’re just bounded assets rather then stablecoins. Asset which is not sustainable is not entitled to be called stable. Third and reliable party that would secure reserve could mitigate liquidation problem. Why do you think no market has shown any interest to them so far. In my view because of mentioned reason - they are just not stable, by and large. Because people like you spread nonsense. What bounded assets? They are called Bonded stablecoins, like bonding curve. Use actual words. Version 1 was stable enough, version 2 is even more stable. Haven't calculated how many percentages of GBYTE supply is put into Bonded Stablecoins now, but it reached 1% already in October, just month after launch. Back then only 0.25% of total supply worth was in liquidity mining, but today that number is well over 1% https://liquidity.obyte.org/That's not bad result, all of Ethereum DeFi captures only 8-10% of ETH supply https://www.blockchaincenter.net/cockpit/ |
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tarmo888
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April 26, 2021, 01:37:28 PM |
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What bounded assets? They are called Bonded stablecoins, like bonding curve. Use actual words.
No matter how many times I will repeat stable those bounded assets will not become such. As they say "you can put your boots in the oven, but that don't make them biscuits ".
Version 1 was stable enough, version 2 is even more stable.
Stable relative to what, $ , BTC or Gbyte? Why you call them bounded? There is no such thing, there is bonding curve and Bonded stablecoins. Obviously, they are stable relatively to their pegged asset? What else should they be stable with? OUSDV2 is stable to USD value, OBITV2 is stable to Bitcoin value, OETHV2 is stable to Ethereum value and OAUG is worth same as 1 gram of gold. |
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tarmo888
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April 27, 2021, 12:02:54 PM |
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What bounded assets? They are called Bonded stablecoins, like bonding curve. Use actual words.
No matter how many times I will repeat stable those bounded assets will not become such. As they say "you can put your boots in the oven, but that don't make them biscuits ".
Version 1 was stable enough, version 2 is even more stable.
Stable relative to what, $ , BTC or Gbyte? Why you call them bounded? There is no such thing, there is bonding curve and Bonded stablecoins. Obviously, they are stable relatively to their pegged asset? What else should they be stable with? OUSDV2 is stable to USD value, OBITV2 is stable to Bitcoin value, OETHV2 is stable to Ethereum value and OAUG is worth same as 1 gram of gold. OK, to convince me show the step-by-step practical way how can I sell say 100 OUSD for $100 (or at least for $99) using the current exchanges, pools and rates. I’m sure you can’t do it. You can talk a lot using theoretical arguments, but a theory without practice is worthless for me. What's your argument now? That it's not a stablecoin because it's not listed on centralized exchange? Or you just whine about small liquidity because small marketcap? You can sell OUSDV2 to GBYTE and GBYTE to BTC or USD. https://ostable.org/trade/VLKI3XMMX5YULOBA6ZXBXDPI6TXF6V3D/buy-redeem |
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icopress
Ken Masters
Legendary
Activity: 2436
Merit: 13295
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April 27, 2021, 02:21:44 PM |
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Has anyone bought or sold Obyte on Bit-Z? I am quite skeptical about exchanges that I don't know much, and I would be more calm if someone satisfied my curiosity. In particular, I am also interested in the circumstances under which the listing took place on this exchange. Did the listing offer come directly from the exchange itself, or was it an initiative from the Obyte team? Thank!
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tarmo888
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April 27, 2021, 02:32:52 PM |
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Has anyone bought or sold Obyte on Bit-Z? I am quite skeptical about exchanges that I don't know much, and I would be more calm if someone satisfied my curiosity. In particular, I am also interested in the circumstances under which the listing took place on this exchange. Did the listing offer come directly from the exchange itself, or was it an initiative from the Obyte team? Thank!
I haven't personally used it but obviously it has been used by other people who implemented the trading rewards because Bittrex and BitZ are the only 2 exchanges that are supported by that distribution. Cryptox.pl missing because the API doesn't have read-only access to user's trading info. I think BitZ does KYC too from certain amounts, but not sure what they are, so in that sense it's might be not have any different from Bittrex who does KYC immediately. BitZ listing was initiated long time ago by some community member who really wanted it, not by Obyte team or exchange. Until the recent trading rewards, it almost didn't have any volume, but now does sometimes more volume than Bittrex. |
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tarmo888
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April 28, 2021, 02:37:19 PM |
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I don't whine about anything. I like transparent stuff. You answer has proved that 100 OUSD can not be swapped to 100 USD. If I use OUSD-Gbyte then Gbyte-BTC and BTC-USD route afterwards I will get far less than $100. That is why I would rather consider this particular asset as algorithmic asset which remains relative "stable" within its bounded algorithm but not in the real life. The word is bonded, not bounded. And there is GBYTE-USDT market too, just low volume. Just because USD stablecoin doesn't have direct fiat off-ramp, doesn't make it algorithmic stablecoin. If you have to go multiple pairs until getting back into fiat, you might get back even more than 100 USD too, this has nothing to do about what typr the stablecoin is, but all about what markets it is being traded on. You are making up new words, there is not such stablecoins as Bounded stablecoins. The prices that Bonded stablecoins use are not bounded, but bonded - means that the prices are bonded with some other value (such as supply) on a bonding curve. There are algorithmic stablecoins, but these are usually not backed by anything and just inflate or deflate their supply to keep the peg. Bonded stablecoins are as algoritmic as any AMM exchange - it's not overcollateralized, it doesn't have margin calls and it doesn't have liquidations. |
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tarmo888
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April 28, 2021, 04:58:24 PM |
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Don’t nag. That was just a typo on my part. By stressing on debate about "bonded" or "algorithmic" ( which back burner issue and soft soap, by and large) you are leading away from the main point I have put in front of you - those assets which you call "bonded stablecoins" are not stable at all
LOL at typo. How many times I had to correct you that it's not Bounded, but Bonded and the name comes from bonding curve, not some bounded price range? Your whole nonsense started with you question, why it has so strange name (it actually doesn't have strange name): Why does Obyte use such strange term as "bounded" when describing their stablecoins? For me all their stablecoins fall into well established class of algorithmic stablecoins the price of which is automatically controlled by algorithms. They use the bivariate function in their algo to control the price but the essence of their stablecoins doesn’t change - they are just algorithmic ones. IMO, this "bounded" in conjunction with stablecoin looks like "window-dressing" .
Asset which is not sustainable is not entitled to be called stable.
Look, a couple months ago I have bought 100 OUSD for around $100. Right now I can swap those 100 OUSD into 1.0587Gbyte and sell them (via BTC) for ~ $76.7 (even less). IMO, fancy stability  You can call them whatever you want, but they’re not stable. Just because you are shitty trader, doesn't mean that something is not stable. Markets can be irrational and dump at whatever price they want, but those with brain can find their way out without injuring themselves. You are just plain FUDster or just clueless, not knowing that introducing of V2 stablecoins have caused more sell pressure for V1 tokens and buy pressure for V2 tokens. |
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tarmo888
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April 28, 2021, 06:44:48 PM
Last edit: April 28, 2021, 07:17:28 PM by tarmo888 |
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Just because you are shitty trader, doesn't mean that something is not stable. Markets can be irrational and dump at whatever price they want, but those with brain can find their way out without injuring themselves. You are just plain FUDster or just clueless, not knowing that introducing of V2 stablecoins have caused more sell pressure for V1 tokens and buy pressure forWhy did you put m2 in here? tokens.
Nice, I have proven that assets you called as "stablecoins" are not stable at all and you started insulted me? You are shitty developer after that and because of that the shit-algo you developed doesn't make your algorithmic assets stable. You use soft soap by applying to your shitcoin the fancy word like "bonded" and such, and think no one understands it? Why did you brought up V2 here while I was talking about V1? You think I’m gonna get into your shit again? You're wave off base, shit-developer of tarmo888. I have not use any soft soap, I straight up told you that don't understand basics, you are clueless and you are shitty trader. It's not Bounded stablecoins, it's not Bonded stablecoins. The word comes from "bonding curve". It is not fancy. Bancor uses it, Uniswap uses it, every Uniswap clone uses it. It's not algorithmic stablecoins (something else is called like that), it's stablecoins that use bonded curves. Bonded Stablecoins even use multi-dimentional bonding curve aka bonding surface. How much more nonsense do I have to correct? I brought up V2 because you started your nonsense exactly 1 post after the announcement of V2 Bonded Stablecoins? Don't you remember anymore when you started your "bounded" nonsesnse? If you dump something that others don't want, you change it's price. If you are smart and not a sheep like everyone else, you see that you can profit from other people mistakes and fix the peg. Same thing happens when buying something at once, you drive up the price for your own stupidity. Would you had bought them in chunks, the price would have had time to correct. All in all, you have to look at the timeframe when the price is stable and when it's not. When markets are irrational and dump and fomo, then during that period, the price is not stable, but in a long run, it is. |
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jwinterm
Legendary
Activity: 3360
Merit: 1121
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April 29, 2021, 01:00:50 AM |
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Just because you are shitty trader, doesn't mean that something is not stable. Markets can be irrational and dump at whatever price they want, but those with brain can find their way out without injuring themselves. You are just plain FUDster or just clueless, not knowing that introducing of V2 stablecoins have caused more sell pressure for V1 tokens and buy pressure forWhy did you put m2 in here? tokens.
Nice, I have proven that assets you called as "stablecoins" are not stable at all and you started insulted me? You are shitty developer after that and because of that the shit-algo you developed doesn't make your algorithmic assets stable. You use soft soap by applying to your shitcoin the fancy word like "bonded" and such, and think no one understands it? Why did you brought up V2 here while I was talking about V1? You think I’m gonna get into your shit again? You're wave off base, shit-developer of tarmo888. I have not use any soft soap, I straight up told you that don't understand basics, you are clueless and you are shitty trader. It's not Bounded stablecoins, it's not Bonded stablecoins. The word comes from "bonding curve". It is not fancy. Bancor uses it, Uniswap uses it, every Uniswap clone uses it. It's not algorithmic stablecoins (something else is called like that), it's stablecoins that use bonded curves. Bonded Stablecoins even use multi-dimentional bonding curve aka bonding surface. How much more nonsense do I have to correct? I brought up V2 because you started your nonsense exactly 1 post after the announcement of V2 Bonded Stablecoins? Don't you remember anymore when you started your "bounded" nonsesnse? If you dump something that others don't want, you change it's price. If you are smart and not a sheep like everyone else, you see that you can profit from other people mistakes and fix the peg. Same thing happens when buying something at once, you drive up the price for your own stupidity. Would you had bought them in chunks, the price would have had time to correct. All in all, you have to look at the timeframe when the price is stable and when it's not. When markets are irrational and dump and fomo, then during that period, the price is not stable, but in a long run, it is. lol can't believe you're still on this thread scamming people tarmo, proud of you buddy |
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tarmo888
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April 29, 2021, 02:56:12 PM
Last edit: May 06, 2021, 08:42:26 PM by tarmo888 |
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To my shame I late figured out all their scam with so-called bonded "stable"coin. That shit has proven to be not stable. He argued that they are not stable because market was not stable in the chosen timeframe, but one wonders who needs "stable"coins that are stable only in a stable market, any coin would be stable at such conditions.
Regarding their "bonded" word attached to "stable"coin. They don't know themselves what it means. I have encountered their Discord discussions where they try to give this word a sense of sense. IMO, they attached it to keep sugar coating this scam for others.
It's only you who is still dumb enough not to understand where the word "bonding" comes from, even when it's mentioned in the tagline of the website and there has been "How it works" page since the beginning https://coinmarketcap.com/alexandria/glossary/bonding-curveNobody said that markets have to be stable, what i said was that if people want to dump something for a newer thing, then obviously they can do it so and lower the price. I don't know what Discord you are, but only discussion on Obyte Discord has been how to call the consensus mechanism of Obyte. Own up your fault that you can't read properly and just FUD. Learn to read. |
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sammy007
Legendary
Activity: 1904
Merit: 1003
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May 11, 2021, 03:28:49 AM |
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Where i can sell black bytes and what price?
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tarmo888
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May 11, 2021, 06:41:49 PM |
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Where i can sell black bytes and what price?
Better to sell Gbytes, I’m glad I did when they were $90 I wouldn't take investing advice from xenon131, he just wants GBYTE/USD price to go down so he could get his 100 OUSD out of the liquidity pool without divergence loss (even though he probably already got rewards from liquidity mining). He also can't read properly, even when you try to correct him for 2 weeks and he can't tell the difference between different type of stablecoins out there. He also thinks that multi-dimensional bonding curve means multi-asset collateral (not sure where he got that nonsense from). Nope, all liquidity providers lose their money because they need to swap to Gbyte at the very end. None of the existing stablecoins can be directly traded for BTC, Gbyte is the only option. Price is getting crazy, my blockfolio app shows $136.77 right now. Gbyte, I'm saying seriously, stop immediately and go back to $20.
Why so huge surge in price, almost 70% up? I tried to find the news that would in potential to trigger the current rise but failed to find any. There is a rumor that Obyte has to target kucoin, is that true? Anyway I don't think the price increase of Gbyte could make liquidity providers happy right now. They are losing money in their pools. Gbyte, go back to $20.
The big problem I see for your algorithmic stablecoins (OK, you may call them bounded, but they are algorithmic, by and large) is that their price in Gbyte do not reflect their real value in BTC/$. Probably to control their prices you need to implement not two-dementional but three- or even four dimensional function. Those two extra dimensions would be BTC and $. Market oracles would be helpful.
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tarmo888
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May 12, 2021, 09:15:03 AM |
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I wouldn't take investing advice from xenon131, he just wants GBYTE/USD price to go down so he could get his 100 OUSD out of the liquidity pool without divergence loss (even though he probably already got rewards from liquidity mining). He also can't read properly, even when you try to correct him for 2 weeks and he can't tell the difference between different type of stablecoins out there. He also thinks that multi-dimensional bonding curve means multi-asset collateral (not sure where he got that nonsense from).
Bollocks, I pulled my OUSD out of your fatuous pools a long time ago. I could tell you even more. I used shortcomings of your algorithmic stablecoins to make 25% daily profit from arbitrage swapping with the end in Gbyte. But you don't have to know all the details because I intended to use this again and again while there are fools who lock their funds in your pools which are real cock-up. I sold almost all my Gbytes on cryptox. A few left for arbitrage. Bye, barmy. LOL, it's by design, if you got funds out then it means you were within the allowed limits. I guess you are little smarter about DeFi than others, so you are making profit, but it's seems you don't understand why you get profit. Oswap.io is no different from Uniswap, both work with same AMM-logic. How long as it been now, already a month since you haven't figured out what people call algorithmic stablecoins and what's bonding curves? |
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