Obyte: Totally new consensus algorithm + private untraceable payments

[CryptKeeper]

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

[Ghoom]

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]

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]

...
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.

[amacar1]

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]

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" ). Thx.

[_sunshine_]

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]

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]

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

[kaicrypzen]

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

Sorry but couldn't let this one slide . Do you realize what you are saying ? 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 .

Sorry for the off-topic by the way .

[yvv]

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

Sorry but couldn't let this one slide . Do you realize what you are saying ? 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 .

Sorry for the off-topic by the way .

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

[kola-schaar]

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" ). Thx.

You are definitely right (That was not against your answer). The estimated growing is my pure speculation  . 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]

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]

What are the steps to send blackbyte to someone?

[zanzibar]

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_]

What are the steps to send blackbyte to someone?

click paired device and send link to your someone

[strasboug]

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.

Yes I am wondering why the other exchanges not accepting byteballs, those big ones, bittrex, poloniex, etc, they listed so many shitcoins, why not listing good ones like this. Possibly only shitcoin pay them listing fees.

[pwpwpw]

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.

Yes I am wondering why the other exchanges not accepting byteballs, those big ones, bittrex, poloniex, etc, they listed so many shitcoins, why not listing good ones like this. Possibly only shitcoin pay them listing fees.

This coin is very new and already has close to forum 160pages, it will be on polo and all big exchanges soon, just wait a bit, it's live for 10 days only.

[ArabMist]

Maybe that's the reason we won't see large exchanges listing BB anytime soon.

If BB hodlers are numerous and exchanges only make money on tx fees then I can't see them paying too much emphasis on adding BB anytime soon.

[tdk2]

Maybe I have missed this,

but is there actually already a way to spend Bytes and use the database?

I don't mean trade - I mean, e.g., I totally trust this thing to be around for the next 50 years, and want to store an important document (say, my will, as a 1MB PDF-A) in it's database instead of paying a notary.

How would I have to go about doing that? The whitepaper describes what kind of data structures to create, but what are the actual steps to do so, where do I send them (from the wallet??) and to whom?...  How would I keep a local documentation of the database entry, how could someone (after my untimely demise and loss of my computer passwords) retrieve or verify this document?

The distribution scheme seems to promote holding (or trading) the coins, so does the discussion here.
Totally understandable, but I am also interested in it's intended use...