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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1227326 times)
marseille
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January 03, 2017, 06:30:35 PM
 #3061

Whats the nature of bytes and blackbytes in Byteball?

Please correct me if i'm wrong.
In my imagination bytes are more comparable to fuel.
It’s the currency to ensure the operation and the stability (health) of the network.
So the characteristics of bytes is more like gas (ETH or Ripple) and blackbytes are almost (in the broadest sense) like cash / (~XMR..).
-> Blackbytes are a layer of Bytes (as well as bank notes are a physical layer of a native currency).


Bytes correspond to the actual block size of your transaction, as a fee that you need to pay the network. Blackbytes are used similar to bytes, in the untraceable transactions, where network only records the tx hash, and you need to connect directly to the recipient in order to do the transactions.
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olloman
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January 03, 2017, 06:33:34 PM
 #3062

If i want to chat with the bot to link our BTC adress....nothing happens, the chat window opens but the bot dont respond.

what do you expect it to answer? First distribution was ten days ago, next one will be in more than a month or so
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January 03, 2017, 09:36:34 PM
 #3063


Giving the key holders too much power indeed could be bad idea. But holding the funds in a multisig address is a great solution. We may all trust tonych, but the point is - not everyone will trust a single man to keep all the funds. Its easier to trust a group of unrelated people than one person. "Power is a great seducer." Smiley The funds keepers only need to be honest people with very good reputation, and guarantee the funds will be intact. They should not hold any power on making decisions, or invest or moreover to have some interest.

They just should hold and be responsive. Having those funds secured until distribution will make it easier for the project to attract more investors, and clear up FUD. In any case, though I "hail" no-one Smiley, I am sure tonych makes the right decision on this Smiley
your key argument holds and fails on "only need to be honest people". Fucking LOL. Diogenes enteres the scene, with his lantern in broad daylight, people ask him wtf mate, he says im looking for an honest man amongst you.

To trust tonych is far easier than to trust 3 people, especially together. A group is shit. A group is a horde, can be herded, individuals are elegant, groups only leave massive amounts of shit - see bitcoin, it could have evolved if it was 1 person making decision instead of 5.

Tonych dont make the same mistake as Satoshi, keep control and carry on, distribution method is excellent despite maybe 2 people complaining, and they can go make their own distribution method as a group.

Ehm... Man whats up with you? Smiley Why so much distrust in people? There are lots of honest people, and even very honest ones (like me for example  Smiley). I have seen some others too, so I am not the only one Grin. You are free to believe or not, but I would be less cinical...

You don't seem to like democracy, right? Would definitely prefer totalitarian systems it seems. Well you are right to some extend, totalitatian systems are more effective. But there are so much other benefits in democratic approach... This is very interesting topic (to me at least), but this thread is not the right place to discuss it though... Smiley

" dont repeat the same mistake as Satoshi"  Grin That was a good one lol Smiley. How far BTC would have gone, if Satoshi kept all the power..?



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22naru
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January 03, 2017, 11:05:07 PM
 #3064

voted Smiley
xrp icn byte
hubballi
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January 03, 2017, 11:31:37 PM
 #3065

Is the offer of the free bytes if download the software and follow the procedure is still active or it has finished it as i also wanted to join this coin.

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January 03, 2017, 11:55:31 PM
 #3066

Is the offer of the free bytes if download the software and follow the procedure is still active or it has finished it as i also wanted to join this coin.

First round is finished. The second round will be in February. Monitor this thread if you don't want to miss the second round too Smiley

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January 04, 2017, 12:12:48 AM
 #3067

Did tonych - the OP starter, do this coin alone ? how long it took ? if a team did it, how many people ? I think this is the best thing I've seen since launch of ethereum.

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January 04, 2017, 12:25:17 AM
 #3068

Did tonych - the OP starter, do this coin alone ? how long it took ? if a team did it, how many people ? I think this is the best thing I've seen since launch of ethereum.

https://bitcointalk.org/index.php?topic=1608859.msg16167703#msg16167703

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January 04, 2017, 12:50:52 AM
 #3069

Is the offer of the free bytes if download the software and follow the procedure is still active or it has finished it as i also wanted to join this coin.

First round is finished. The second round will be in February. Monitor this thread if you don't want to miss the second round too Smiley

Need to link your BTC address. 1st round distribution solely based on your BTC holdings. Second round will be based on your BTC and byteball holdings. So get soime byteballs before second round!
forzendiablo
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January 04, 2017, 02:43:00 AM
 #3070

Is the offer of the free bytes if download the software and follow the procedure is still active or it has finished it as i also wanted to join this coin.

First round is finished. The second round will be in February. Monitor this thread if you don't want to miss the second round too Smiley

Need to link your BTC address. 1st round distribution solely based on your BTC holdings. Second round will be based on your BTC and byteball holdings. So get soime byteballs before second round!

when is that ?

yolo
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January 04, 2017, 02:46:55 AM
 #3071


voted  LiZi
https://bitcointalk.org/index.php?topic=1726755.0
HI-TEC99
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January 04, 2017, 03:38:47 AM
 #3072

Is the offer of the free bytes if download the software and follow the procedure is still active or it has finished it as i also wanted to join this coin.

First round is finished. The second round will be in February. Monitor this thread if you don't want to miss the second round too Smiley

Need to link your BTC address. 1st round distribution solely based on your BTC holdings. Second round will be based on your BTC and byteball holdings. So get soime byteballs before second round!

when is that ?

The second round is expected in mid-February.
imbladednow
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January 04, 2017, 03:43:32 AM
 #3073

Distribution on this sucks. How can any of you want to buy this knowing that some people ( I wont name names) are using ico funds to collect on. Its crazy.

I wont invest one cent into the almost like a premined scam byteball. I know its not premined but its like it the way the distribution looks.

I need crypto in my life and garbage out of it.
windjc
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January 04, 2017, 05:10:33 AM
 #3074

Selling blackbyte for white.  4 to 1.  Up to 500 GB black for 125 GB white.
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January 04, 2017, 05:35:23 AM
 #3075

Approximately how many distribution cycles will it take to distribute all coins if linked wallets remain at 70K btc?
strasboug
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January 04, 2017, 05:40:55 AM
 #3076

Selling blackbyte for white.  4 to 1.  Up to 500 GB black for 125 GB white.

Lol, that's true, we don't have markets for blackbyte yet, the exchange should create one, but with direct connection it will be more work to implement I guess.
NorrisK
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January 04, 2017, 08:12:20 AM
 #3077

Distribution on this sucks. How can any of you want to buy this knowing that some people ( I wont name names) are using ico funds to collect on. Its crazy.

I wont invest one cent into the almost like a premined scam byteball. I know its not premined but its like it the way the distribution looks.

You can still link an address and share in the distribution.

Free is free, no matter how many bitcoins others hold..
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January 04, 2017, 09:16:00 AM
 #3078

Approximately how many distribution cycles will it take to distribute all coins if linked wallets remain at 70K btc?

For the second round, 1 BTC will give 62.5 MB so 70 000 BTC will give 4 375 GB and the 100 000 GB already distributed will give 10 000 GB so that's 14 375 GB in the second round which is like 1.5%. In the subsequent rounds, 1 BTC weight will decrease so 1 BTC will give less bytes, it seems that the majority of the distributed bytes will come from already distributed bytes. Hopefully, way more BTC would be linked in the following phases. If we assume that 1.5% is distributed at each round, the remaining 88% will take almost 59 rounds, if we assume they are 1 to 2 months apart then this takes us to 5 to 10 years.

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January 04, 2017, 09:29:00 AM
Last edit: January 04, 2017, 10:42:43 AM by freebutcaged
 #3079

For full technical description, read the white paper: https://byteball.org/Byteball.pdf

Exchanges: https://cryptox.pl and #book channel on our slack http://slack.byteball.org
Auctions: #auctionroom channel on slack http://slack.byteball.org

Download the wallet:

Desktop wallets can be full nodes (will take a while syncing with the network after the first start) or light nodes.  Mobile wallets are always light clients.

If you want to experience the wallet without paying a penny, visit https://byteball.org/testnet.html to install testnet wallet and click the clink to receive free bytes to play with.  The link will open your wallet:

no one care enough to mention that extra c in bold and huge font above?
why would anyone wants to link their bitcoin wallets to byeball wallets? is this a trojan horse for later hacks attempts or are you a government agent ?
tomkat
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January 04, 2017, 09:42:47 AM
 #3080

...
no one care enough to mention that extra c in bold and huge font above?
why would anyone wants to link their bitcoin wallets to byeball wallets? is this a trojan horse for later hacks attempts or are you a government agent ?

well, this is something that worries me too - why the hell they want BTC holders to do this "linking" while they could easily implement some other method for proving BTC ownership, like sending few satoshis to an address, or other not-so-fishy methods?
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