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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1172682 times)
mummybtc
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December 24, 2016, 09:35:36 PM
 #2241

Please, will it worked with Bitcoin address on exchanges? I don't want to miss this opportunity to get free ByteBall tokens
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Odrak
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December 24, 2016, 09:38:59 PM
 #2242

Developer here unfortunately opted for waaaay too complicated and "unfair" method of distribution. It would be much better if forum accounts were used in a following way:

1. One must have account older than 1 month counting from the date starting post was made.
2. One must have a certain amount of activity points, to remove inactive and unused accounts from participation.
3. Install Byteball wallet then add your Byteball address at the top of your signature (increases Byteball visibility on this forum for free!).
4. Copy profile link ( https://bitcointalk.org/index.php?action=profile;u=515876 ) somewhere at byteball.org website
5. Bot would scrap data from user profile and put all valid entries into database for coin distribution.

That would solve an issue where someone gets thousands times more coins than most others. No single person here have even 100 accounts that would pass the test hence the worse case would be multiaccount owner gets less than 100 times more coins than people who have just one account. Proposed procedure is also much much easier for noobs (not total ones) to follow and claim coins.

Isn't the point being made by OP that as much people as possible should be able to obtain a stake?
DiCE1904
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December 24, 2016, 09:44:54 PM
 #2243

Please, will it worked with Bitcoin address on exchanges? I don't want to miss this opportunity to get free ByteBall tokens

no

EBK1000
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December 24, 2016, 09:51:03 PM
 #2244

This distribution suffers the fate of most crypto distros in that the rich gets richer etc. and there is no fair way to distribute either here or anywhere else. The real distribution starts when the whales dump their Bytes to the smaller whales who dump to even smaller whales etc. Someone should come up with a fair and wide way to distribute coin both here and in the outside world.

Soooooooon...............
mandica
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December 24, 2016, 09:54:20 PM
 #2245

Does anyone know if the distribution will happen automatically just after midnight?
kaicrypzen
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December 24, 2016, 10:04:06 PM
 #2246

UHC7SJAY654EIP2FOGLNX2D37WXMWXAT   3KbWWjumBGLBUWYCeidydxe1uET9QyWoEg   6900.85491824     9.9328     tx
http://btc.blockr.io/address/info/3KbWWjumBGLBUWYCeidydxe1uET9QyWoEg

2000 transactions for an address.
it's not a private wallet.

It's not, this seems like an ICO address, these addresses are accepted by the bot ...



soo at that time only the snapshot will happen or also instant distribution?

Does anyone know if the distribution will happen automatically just after midnight?

The distribution will take place several hours after the snapshot, as stated in the first post:

Quote
I'll announce the exact block number several hours after this block is mined (the waiting time is to exclude the slightest chance of reorg).  The bytes and blackbytes will be sent out in the afternoon of December 25.

Dexter12
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December 24, 2016, 10:05:16 PM
 #2247

I can not chat with the bot. Is it down?
DiCE1904
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December 24, 2016, 10:05:47 PM
 #2248

This distribution suffers the fate of most crypto distros in that the rich gets richer etc. and there is no fair way to distribute either here or anywhere else. The real distribution starts when the whales dump their Bytes to the smaller whales who dump to even smaller whales etc. Someone should come up with a fair and wide way to distribute coin both here and in the outside world.

What is not fair by getting what you pay for. If I have more money than you and am able to buy something that you cannot or the same amount, why should I take on the burden

SISAR
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December 24, 2016, 10:06:10 PM
Last edit: December 24, 2016, 10:24:15 PM by SISAR
 #2249

Developer here unfortunately opted for waaaay too complicated and "unfair" method of distribution. It would be much better if forum accounts were used in a following way:

1. One must have account older than 1 month counting from the date starting post was made.
2. One must have a certain amount of activity points, to remove inactive and unused accounts from participation.
3. Install Byteball wallet then add your Byteball address at the top of your signature (increases Byteball visibility on this forum for free!).
4. Copy profile link ( https://bitcointalk.org/index.php?action=profile;u=515876 ) somewhere at byteball.org website
5. Bot would scrap data from user profile and put all valid entries into database for coin distribution.

That would solve an issue where someone gets thousands times more coins than most others. No single person here have even 100 accounts that would pass the test hence the worse case would be multiaccount owner gets less than 100 times more coins than people who have just one account. Proposed procedure is also much much easier for noobs (not total ones) to follow and claim coins.

Isn't the point being made by OP that as much people as possible should be able to obtain a stake?

Proposed method would surely result in much more individuals getting coins and smaller difference when it comes to amount of coins obtained by each person than currently used method. Everyone already participating in this giveaway found about it exactly here at forum but given that no Byteball signature "campaign" was started (the way it could be done as noted in step 3.) it is for sure that many here will miss the deal simply because they are not checking altcoins section frequently enough which should not be the reason good enough to exclude them from participation.

There would be no need for deadlines. The moment one passes the test he or she gets the coins. That means even people who would stumble upon Byteball years in future would get their share. There can even be a happy-hour moments where conditions (account date and activity) would be relaxed.

Listen, my friend. This is going to be very hard to comprehend but none of what you are seeing is real.
crypt0hash
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December 24, 2016, 10:08:24 PM
 #2250

This distribution suffers the fate of most crypto distros in that the rich gets richer etc. and there is no fair way to distribute either here or anywhere else. The real distribution starts when the whales dump their Bytes to the smaller whales who dump to even smaller whales etc. Someone should come up with a fair and wide way to distribute coin both here and in the outside world.
Maybe a photo with ID? I would not do it.
CryptKeeper
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December 24, 2016, 10:11:11 PM
 #2251

Protip:
for last minute linking it is better to use the signing option, because you don't need to wait for slow bitcoin confirmations!  Grin

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
EBK1000
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December 24, 2016, 10:16:06 PM
 #2252

This distribution suffers the fate of most crypto distros in that the rich gets richer etc. and there is no fair way to distribute either here or anywhere else. The real distribution starts when the whales dump their Bytes to the smaller whales who dump to even smaller whales etc. Someone should come up with a fair and wide way to distribute coin both here and in the outside world.

What is not fair by getting what you pay for. If I have more money than you and am able to buy something that you cannot or the same amount, why should I take on the burden

It just goes against the principal stated in the OP: "I believe the success of a currency depends on the number of people who own it, in fact Peter R’s research suggests that historical marketcap of Bitcoin follows Metcalfe's law: https://bitcointalk.org/index.php?topic=572106.0, i.e. it is proportional to the square of the number of active users."

So, the dev team, wants to distribute to as many users as possible but end up giving most away to a few users. They are not asking for payment, so it's not a question of getting what you paid for, just a flawed way of distributing.

Soooooooon...............
jwinterm
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December 24, 2016, 10:24:40 PM
 #2253

This distribution suffers the fate of most crypto distros in that the rich gets richer etc. and there is no fair way to distribute either here or anywhere else. The real distribution starts when the whales dump their Bytes to the smaller whales who dump to even smaller whales etc. Someone should come up with a fair and wide way to distribute coin both here and in the outside world.

What is not fair by getting what you pay for. If I have more money than you and am able to buy something that you cannot or the same amount, why should I take on the burden

It just goes against the principal stated in the OP: "I believe the success of a currency depends on the number of people who own it, in fact Peter R’s research suggests that historical marketcap of Bitcoin follows Metcalfe's law: https://bitcointalk.org/index.php?topic=572106.0, i.e. it is proportional to the square of the number of active users."

So, the dev team, wants to distribute to as many users as possible but end up giving most away to a few users. They are not asking for payment, so it's not a question of getting what you paid for, just a flawed way of distributing.

Well, he's only giving away 10% at this point right, so it's not most. Also, do decision has been announced re: ICO addresses, so he could still change his mind for this round or subsequent rounds.
kaicrypzen
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December 24, 2016, 10:29:21 PM
 #2254

What is not fair by getting what you pay for. If I have more money than you and am able to buy something that you cannot or the same amount, why should I take on the burden

In this case you don't pay for or buy anything, you just come to the store and say I'm rich and you get more stuff than if you had said I'm poor ...



In transition.byteball.org when I sort by balances (ascending order) starting from page 11 (when I checked), there seems to be a bug with the shares allocated to the smallest amounts. Maybe the small pockets will get a better share after all Smiley.

SISAR
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December 24, 2016, 10:32:13 PM
 #2255

Someone should come up with a fair and wide way to distribute coin both here and in the outside world.

It is impossible unless everyone are tracked and monitored at all times, total surveilance, and gathered data is public. A couple of years more, maybe a decade, I think.  Undecided

Listen, my friend. This is going to be very hard to comprehend but none of what you are seeing is real.
jwinterm
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December 24, 2016, 10:33:08 PM
 #2256

What is not fair by getting what you pay for. If I have more money than you and am able to buy something that you cannot or the same amount, why should I take on the burden

In this case you don't pay for or buy anything, you just come to the store and say I'm rich and you get more stuff than if who had said I'm poor ...



In transition.byteball.org when I sort by balances (ascending order) starting from page 11 (when I checked), there seems to be a bug with the shares allocated to the smallest amounts. Maybe the small pockets will get a better share after all Smiley.

Lol there is definitely a rounding error bug or something.
CryptoMrM
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December 24, 2016, 10:55:07 PM
 #2257

Anyone else getting a "Uncaught exception: Error: missing or empty parent units array" message?

Pops up after a few seconds and then closes the App.

It was working fine earlier.
SISAR
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December 24, 2016, 10:58:23 PM
 #2258

Anyone else getting a "Uncaught exception: Error: missing or empty parent units array" message?

Pops up after a few seconds and then closes the App.

It was working fine earlier.

I'm getting the same error message.

Listen, my friend. This is going to be very hard to comprehend but none of what you are seeing is real.
dx5
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December 24, 2016, 11:00:31 PM
 #2259

Please, will it worked with Bitcoin address on exchanges? I don't want to miss this opportunity to get free ByteBall tokens

It will not, don't do it. Has to be from a private wallet, else the exchange will get it.
dance
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December 24, 2016, 11:07:27 PM
 #2260

Im not sorry that I get less because of the blue whales. Remember, we would get much less if all 16 mln bitcoin would participate.
We would get much more if all Bitcoins participated. It would mean the best distribution among all "altcoins" created so far.
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