Bitcoin Forum
June 19, 2019, 08:12:46 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 ... 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 [155] 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 ... 1092 »
  Print  
Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1168632 times)
SatoNatomato
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
January 04, 2017, 10:35:15 AM
 #3081


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..?



i too am very honest, probably the most honest up in this thread right after tonych. The problem is groups and group dynamics. Groups I do not trust, the bigger the worse they get.

See you already began talking about politics. Democrat sure, depends on flavor, representative or direct? A group to distribute byteblls is not democratic at all it is oligopoly or oligarchy at best.

Btc woul have biggee blocksize by now if Satoshi was around.
1560931966
Hero Member
*
Offline Offline

Posts: 1560931966

View Profile Personal Message (Offline)

Ignore
1560931966
Reply with quote  #2

1560931966
Report to moderator
1560931966
Hero Member
*
Offline Offline

Posts: 1560931966

View Profile Personal Message (Offline)

Ignore
1560931966
Reply with quote  #2

1560931966
Report to moderator
1560931966
Hero Member
*
Offline Offline

Posts: 1560931966

View Profile Personal Message (Offline)

Ignore
1560931966
Reply with quote  #2

1560931966
Report to moderator
Try The Brand New Ethereum Game
50 Last Players Also Win The Bank
Works On Any iOS/Android Device With Standard Browser
Join Us On Telegram To Get Notified When You Can Win
COLOR PIXELS
AND WIN
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1560931966
Hero Member
*
Offline Offline

Posts: 1560931966

View Profile Personal Message (Offline)

Ignore
1560931966
Reply with quote  #2

1560931966
Report to moderator
1560931966
Hero Member
*
Offline Offline

Posts: 1560931966

View Profile Personal Message (Offline)

Ignore
1560931966
Reply with quote  #2

1560931966
Report to moderator
1560931966
Hero Member
*
Offline Offline

Posts: 1560931966

View Profile Personal Message (Offline)

Ignore
1560931966
Reply with quote  #2

1560931966
Report to moderator
SatoNatomato
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
January 04, 2017, 10:42:31 AM
 #3082

...
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?
dumbasses both of you.

The method of sending a few satoshis to prove holder of btc address was already implemented and used by most people.

Signing a message with your btc address is what its made to do.
freebutcaged
Hero Member
*****
Offline Offline

Activity: 588
Merit: 541


View Profile
January 04, 2017, 10:54:04 AM
 #3083

I get it now, the rich will get richer nice! I have this idea that I will make a coin and ask people to give it value by putting money (investing) and then I'll get my dev and future expenses shares, really easy income I made for myself and other people in community helped it to come to life because if they didn't then my random lines of code wouldn't be considered valuable.

Just like a few thousands other devs making coins and community willingly provide the value and then the devs just get their percentage as their cut in the deal, no wonder why so many many many many many many many and even more many altcoins exist.
metamorphin
Legendary
*
Offline Offline

Activity: 1106
Merit: 1004


No risk, no fun!


View Profile WWW
January 04, 2017, 11:20:38 AM
 #3084

I get it now, the rich will get richer nice! I have this idea that I will make a coin and ask people to give it value by putting money (investing) and then I'll get my dev and future expenses shares, really easy income I made for myself and other people in community helped it to come to life because if they didn't then my random lines of code wouldn't be considered valuable.

Just like a few thousands other devs making coins and community willingly provide the value and then the devs just get their percentage as their cut in the deal, no wonder why so many many many many many many many and even more many altcoins exist.

But only one made the BYTEBALL! Wink

Greetz
Steve
CryptKeeper
Legendary
*
Offline Offline

Activity: 1876
Merit: 1014


bitcoin and altcoin enthusiast


View Profile WWW
January 04, 2017, 01:42:56 PM
 #3085

Who can create a how-to video for dummies (especially for transferring Blackbytes)?

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
Ghoom
Full Member
***
Offline Offline

Activity: 170
Merit: 100


View Profile
January 04, 2017, 01:49:47 PM
 #3086

I know it's weird but someone can send me 1500 (white) bytes for testing blackbytes withdraw between two wallets ?

My address : 3CCFAF5UUXX7BHGV2VDQF56T2DYU3OGF

Thanks
kola-schaar
Sr. Member
****
Offline Offline

Activity: 336
Merit: 260


View Profile
January 04, 2017, 01:51:24 PM
 #3087

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

If the existing boundary conditions remain constant 
til a round achieves 10% of BTC capitalization (which was Tony's original goal)..
and.. , and..  and..
… we need also some models for growing (growing linked BTC):


..and get 4 scenarios:





So we can say (read from the glass sphere) in best case ~ 7 rounds in worst case more than 13..
electronicash
Legendary
*
Offline Offline

Activity: 1330
Merit: 1001


Join @Bountycloud for the best bounties!


View Profile WWW
January 04, 2017, 01:53:16 PM
 #3088

...
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?
dumbasses both of you.

The method of sending a few satoshis to prove holder of btc address was already implemented and used by most people.

Signing a message with your btc address is what its made to do.

and so they expect everyone to do actually install the wallet?
i was willing to buy lately because i learned a ICN team had invested to byteballs lately but learning all these that they will require us to link out btc wallets, i guess i just have to leave this shit behind. Not worth.

    █▄       ▄                                            ████     ▐███▌                                               
    ▐████▄ ▄██                                           █████     ████▌                                               
    ▐█████████▌                                          █████     ████                                                 
▄▄▄▄▄███████  ▄▄▄▄▄▄▄▄                                   █████    █████                                 █████           
  ▀█████▀▀  ▄██████████▄                   ████     ▄██████████████████████                             █████           
    ▀▀  ▄▄██████████████                  █████     ██████████████████████                             ▄█████           
    ▄██████▀██▀█████████     ▄██████   ▄██████████      ████     █████          ▄████████    ▄██████▄  █████  █████     
    █████▀▀ ▀▀ ▀██████    ▄███████████ ███████████     ▐████     █████       ▄███████████  ██████████  ██████████████   
    ███████ █ ██████    ▄█████▀ ▐█████  ▐█████         █████     █████      ▄██████▀ ████ █████▀  ▀██  ██████████████   
    █████▄  ▄ ▄▄██████▌ ██████████████  ██████    ██████████████████████▄ ▄█████    █████ ████████     █████    █████   
   ▐██████ ██ █████████ ████████████    █████▌    ▀██████████████████████ █████    ██████  ██████████ ▄████▀   ▄█████   
   ████████████████████ ██████          █████          ████     █████     █████▄  ███████      ██████ █████    ██████   
   ██████████████████    █████████████  ████████      ▄████    ▐████▌     ██████████████  ███████████ █████    █████   
   ████████████████▀      ██████████     ███████▀     ████▀     ████▌      ████████▌ ███  ▀████████   █████    █████   
                                                                                                                       
|
    Bet on Future Blocks & Earn a Passive Income   
             Supports Bitcoin, Ethereum, EOS and more!             
   🎰 Play Lottery
🎲 Play Dice
🍀Get Referral Bonus
    ▄████████▄
  █████▀█▀██████
 ████▄  ▄  ▀█████
██████▌ ▀▀▀ ▄████▌
██████▌ ███  ████▌
 ████      ▄▄████
  █████▄█▄█████▀
    ▀▀██████▀▀
    ▄▄███████▄
  ▄█████████████
 █████████▀ ▀▀███▄
▐███▌   ▀    ▐████
▐████        █████
 █████▀    ▄█████▀
  ▀█████████████
    ▀▀███████▀
   ▄▄███████▄▄
 ▄█████████████▄
▄████████▀▀   ███
████▀▀  ▄█▀  ████
██▄▄ ▄█▀     ████
▀█████      █████
 ▀████▄███▄ ███▀
    ▀███████▀
amacar1
Hero Member
*****
Offline Offline

Activity: 710
Merit: 501


View Profile
January 04, 2017, 02:19:16 PM
 #3089

I am wondering one thing... In second round distribution. If I get in 1. round 1GBYTE and then I purchase another 1GBYTE will I get in second distribution 0.2GBYTE (cause I have 2GBYTE) or only 0.1GBYTE (because I got 1GBYTE in first distribution)?
kaicrypzen
Hero Member
*****
Offline Offline

Activity: 910
Merit: 549



View Profile
January 04, 2017, 02:19:49 PM
 #3090

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

If the existing boundary conditions remain constant 
til a round achieves 10% of BTC capitalization (which was Tony's original goal)..
and.. , and..  and..
… we need also some models for growing (growing linked BTC):

....
..and get 4 scenarios:
....

So we can say (read from the glass sphere) in best case ~ 7 rounds in worst case more than 13..


These best/worst cases depend on the growth of the linked amount. Can you please elaborate on the growth forumla? I mean is it just speculation, like if it grows by 50% here's what will happen, if it grows by 100% here's what will happen, or is there something else? (Note that the initial question was "if linked wallets remain at 70K btc" Smiley). Thx.

_sunshine_
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250


View Profile
January 04, 2017, 03:45:04 PM
 #3091

Quote
Approximately how many distribution cycles will it take to distribute all coins if linked wallets remain at 70K btc?
is about 11 rounds, for 70k btc and if all bytes get their 10% every round
10000
15375
21288
27791
34945
42815
51471
60994
71468
82990
95664
and if i right, if you have now 100gb, you will be have after 11 rounds 260gb + 120gbb
kaicrypzen
Hero Member
*****
Offline Offline

Activity: 910
Merit: 549



View Profile
January 04, 2017, 04:25:49 PM
 #3092

I am wondering one thing... In second round distribution. If I get in 1. round 1GBYTE and then I purchase another 1GBYTE will I get in second distribution 0.2GBYTE (cause I have 2GBYTE) or only 0.1GBYTE (because I got 1GBYTE in first distribution)?

You will get bytes according to what's on your linked addresses. Your 2 GB should be on BB linked addresses, they can be on the same one or on different addresses, as long as they are on linked addresses, they will count for the distribution.

tripwirearmpit
Member
**
Offline Offline

Activity: 70
Merit: 10

Working to pay the bills and keep the lights on.


View Profile
January 04, 2017, 04:31:28 PM
 #3093

Can someone explain to me how this weird distribution is supposed to work? Huh

Not to mention the leak in my roof.
kaicrypzen
Hero Member
*****
Offline Offline

Activity: 910
Merit: 549



View Profile
January 04, 2017, 04:36:00 PM
 #3094

i too am very honest, probably the most honest up in this thread right after tonych.

Sorry but couldn't let this one slide Smiley. Do you realize what you are saying Smiley? It's like you know all about tonych and all about the users posting on this thread, so that you can actually say that tonych is number 1 honest person and you are number 2. That is so preposterous that it becomes hilarious. Yes, you can have a high opinion of yourself and of other people, be it justified or not, but please don't go around throwing bold statements like this, which, at the same time, are foolish.

Let me push this a bit further and ask you how you came to this conclusion Smiley.

Sorry for the off-topic by the way Wink.

yvv
Legendary
*
Offline Offline

Activity: 1344
Merit: 1000

.


View Profile WWW
January 04, 2017, 05:26:26 PM
 #3095

i too am very honest, probably the most honest up in this thread right after tonych.

Sorry but couldn't let this one slide Smiley. Do you realize what you are saying Smiley? It's like you know all about tonych and all about the users posting on this thread, so that you can actually say that tonych is number 1 honest person and you are number 2. That is so preposterous that it becomes hilarious. Yes, you can have a high opinion of yourself and of other people, be it justified or not, but please don't go around throwing bold statements like this, which, at the same time, are foolish.

Let me push this a bit further and ask you how you came to this conclusion Smiley.

Sorry for the off-topic by the way Wink.

Yeah man, this is complete bullshit. Everybody knows that the most honest person in this thread is me, right after tonych Smiley

.
kola-schaar
Sr. Member
****
Offline Offline

Activity: 336
Merit: 260


View Profile
January 04, 2017, 05:32:37 PM
 #3096

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

If the existing boundary conditions remain constant 
til a round achieves 10% of BTC capitalization (which was Tony's original goal)..
and.. , and..  and..
… we need also some models for growing (growing linked BTC):

....
..and get 4 scenarios:
....

So we can say (read from the glass sphere) in best case ~ 7 rounds in worst case more than 13..


These best/worst cases depend on the growth of the linked amount. Can you please elaborate on the growth forumla? I mean is it just speculation, like if it grows by 50% here's what will happen, if it grows by 100% here's what will happen, or is there something else? (Note that the initial question was "if linked wallets remain at 70K btc" Smiley). Thx.

You are definitely right (That was not against your answer). The estimated growing is my pure speculation  Cool. I wanted to show (without a lot of words)that there is'nt (can’t be) a valide answer at this time. Thast’s the problem.. So, tony has to adjust (as he explaint) to give everyone a real chance in the next rounds..

Growing is the key (as tony also explaint) and nobody can extrapolate from only one given point (round 1).
best regards
amacar1
Hero Member
*****
Offline Offline

Activity: 710
Merit: 501


View Profile
January 04, 2017, 05:54:15 PM
 #3097

I am wondering one thing... In second round distribution. If I get in 1. round 1GBYTE and then I purchase another 1GBYTE will I get in second distribution 0.2GBYTE (cause I have 2GBYTE) or only 0.1GBYTE (because I got 1GBYTE in first distribution)?

You will get bytes according to what's on your linked addresses. Your 2 GB should be on BB linked addresses, they can be on the same one or on different addresses, as long as they are on linked addresses, they will count for the distribution.

Great, thank you for your answer, I thought so but wasn't 100% sure.
windjc
Legendary
*
Offline Offline

Activity: 1820
Merit: 1040


View Profile
January 04, 2017, 06:03:21 PM
 #3098

What are the steps to send blackbyte to someone?
zanzibar
Hero Member
*****
Offline Offline

Activity: 715
Merit: 500



View Profile
January 04, 2017, 06:17:45 PM
 #3099

I am wondering one thing... In second round distribution. If I get in 1. round 1GBYTE and then I purchase another 1GBYTE will I get in second distribution 0.2GBYTE (cause I have 2GBYTE) or only 0.1GBYTE (because I got 1GBYTE in first distribution)?

You will get bytes according to what's on your linked addresses. Your 2 GB should be on BB linked addresses, they can be on the same one or on different addresses, as long as they are on linked addresses, they will count for the distribution.

Great, thank you for your answer, I thought so but wasn't 100% sure.

Definitely encourages people to buy and hold, an interesting model for sure. We need Byteball on some other exchanges though.
_sunshine_
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250


View Profile
January 04, 2017, 06:24:32 PM
 #3100

What are the steps to send blackbyte to someone?
click paired device and send link to your someone
Pages: « 1 ... 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 [155] 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 ... 1092 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!