Bitcoin Forum
September 20, 2020, 09:44:56 PM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 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] 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 ... 1117 »
  Print  
Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1218031 times)
CryptKeeper
Legendary
*
Offline Offline

Activity: 1992
Merit: 1026


bitcoin and altcoin enthusiast


View Profile WWW
January 05, 2017, 01:23:57 PM
 #3141

I think the need to add other trading sites, at least it's safer for shoppers and merchants Smiley


That's true, but we do our best to keep OTC trades safe in our slack and to keep scammers and impostors away! Please use one of the three registered escrow services (Yassin, Seccour or Martis), due to them every OTC trade went smoothly so far.

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
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1600638296
Hero Member
*
Offline Offline

Posts: 1600638296

View Profile Personal Message (Offline)

Ignore
1600638296
Reply with quote  #2

1600638296
Report to moderator
1600638296
Hero Member
*
Offline Offline

Posts: 1600638296

View Profile Personal Message (Offline)

Ignore
1600638296
Reply with quote  #2

1600638296
Report to moderator
WorldCoiner
Hero Member
*****
Offline Offline

Activity: 1069
Merit: 681



View Profile WWW
January 05, 2017, 01:31:30 PM
 #3142

...

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.
Our chat yesterday caused me to make some supplementary considerations. Smiley
It’s a idea (maybe tonys intention) that would give the distribution clearer rules.
Depending on growth, we can use two abort criteria (for example):
1.   rule: 10% rule (a round linked more or equal 10% of BTC capitalization)
2.   rule: still standing bytes must be more or equal 38% (according to the old rules with 4 rounds 10%,20%,30%,38%)
After one of the abort criteria is achieved the weight of the byte is increased massively (according to the old rules). Using this we are conform with the old rules…
I think tony will find the right way (I'm glad I do not have to decide  Roll Eyes ) -










I’m finished with this slice. Grin

Just one thing: Don’t make it to complicated. Also I think the growth rate of the linked Bitcoin is overestimated. I would like a solution where the Byteballs of the “Hodler” have a bigger impact than the linked Bitcoin. So more Byteballs for “true believers” that have increased their holdings by buying from sellers. So for example a solution where at least 50% of the new issued Byteballs go to existing Byteball-Holders.
kola-schaar
Sr. Member
****
Offline Offline

Activity: 336
Merit: 260


View Profile
January 05, 2017, 02:39:53 PM
 #3143

..

Does this mean I can't expect an answer Tongue?

Of course you get an answer Smiley
In my opinion a very long distribution is not good. Your answer “…this takes us to 5 to 10 years” frightened me. Because the distribution becomes a faucet. But I know this is debatable in every direction (.. so many pros and cons, I don't like to discuss this..) – let’s say it’s only my feeling.. Grin

This takes me to the question:
1. How long shoud we (tony) distribute slow (to remain attractive to the new adopters):
*62.5 MB for every 1 BTC of proven balance
*0.1 new bytes for every 1 byte

2. How to find a rule (a comprehensible abort criteria) to chance to fast Distribution=>old rules (Which is very powerful for early adopters.):
*62.5 MB for every 1 BTC of proven balance
*1 new bytes for every 1 byte

There is a easy anser: The dev says how it goes. He can change the speed of distribution in any direction (I'm sure he's able to do that very well.). But this makes him vulnerable and leads to meaningless discussions…

The second rule is to prevent the distribution to become a faucet (... if the distribution grows very slowly -> homoeopathic distribution). 
kaicrypzen
Hero Member
*****
Offline Offline

Activity: 1092
Merit: 653



View Profile
January 05, 2017, 04:18:13 PM
 #3144

Of course you get an answer Smiley

Thx Smiley.

Your answer “…this takes us to 5 to 10 years” frightened me.

This was under the assumption that only 70k stays linked and that each byte will give 0.1 byte at each round (which is not true).

2. How to find a rule (a comprehensible abort criteria) to chance to fast Distribution=>old rules (Which is very powerful for early adopters.):
*62.5 MB for every 1 BTC of proven balance
*1 new bytes for every 1 byte

This rate could indeed be reached as it is the aim of the distribution, to gradually decrease BTC weight/increase bytes weight so that BTC weighs as much as 62.5 MB, but a similar rate will probably be reached in the latest rounds ...

The second rule is to prevent the distribution to become a faucet (... if the distribution grows very slowly -> homoeopathic distribution). 

I actually don't see why a 5 to 10 years distribution would be that faucety. Aren't we going to see the last mined bitcoin in 2140 Smiley? (Well we'll probably not see it Smiley.)

willowfoot
Sr. Member
****
Offline Offline

Activity: 332
Merit: 252



View Profile
January 05, 2017, 04:32:29 PM
 #3145


Totally agree with what you said. The distribution of the BB should be to its supporters, most are active in this forum, and to the developers of the applications on top of this framework. When I read the white paper, I see tons of features, great features, that will be used by the applications. So we should reward the creator of these applications with byteballs. Random people, when receiving bb, if they don't have an interest to it, will just dump it. It does not help the coin.

Good point. The strength of the byteball is that it is a platform, so tony should reward those who help to create applications (DAC or those use smart contract) on top of it. Like what Ethereum did to help those projects.

Agree!

While I applaud Tony for his effort and this coin.  

I'm not a big fan of ICO's holding a majority of the coin.  
Will Lisk team start actively developing on top of Byteball?
Dont really think so ...

It would be nice if this somewhat changed for future distributions.

Either way, really would like to see the plan complete distribution laid out and the timeframe for it.

Is the time/amount being decided round by round?  Feels like we're in the dark on the end-to-end distribution of this coin.

IsaacBitcoiner
Jr. Member
*
Offline Offline

Activity: 59
Merit: 10


View Profile
January 05, 2017, 05:21:07 PM
 #3146


Totally agree with what you said. The distribution of the BB should be to its supporters, most are active in this forum, and to the developers of the applications on top of this framework. When I read the white paper, I see tons of features, great features, that will be used by the applications. So we should reward the creator of these applications with byteballs. Random people, when receiving bb, if they don't have an interest to it, will just dump it. It does not help the coin.

Good point. The strength of the byteball is that it is a platform, so tony should reward those who help to create applications (DAC or those use smart contract) on top of it. Like what Ethereum did to help those projects.

Agree!

While I applaud Tony for his effort and this coin.  

I'm not a big fan of ICO's holding a majority of the coin.  
Will Lisk team start actively developing on top of Byteball?
Dont really think so ...

It would be nice if this somewhat changed for future distributions.

Either way, really would like to see the plan complete distribution laid out and the timeframe for it.

Is the time/amount being decided round by round?  Feels like we're in the dark on the end-to-end distribution of this coin.

I'm not much of a fan of it either, but it's naive to think Tony will start blacklisting addresses... As I see it, the only way to get rid of them is if they dump all their coins on the market.

Byteball.org   ❱❱❱  IT  JUST  WORKS.  ❱❱❱
Sending Crypto to Email - Risk-Free Conditional Smart Payments - ICO Platform with KYC
metamorphin
Legendary
*
Offline Offline

Activity: 1106
Merit: 1004


No risk, no fun!


View Profile WWW
January 05, 2017, 05:22:01 PM
 #3147


Totally agree with what you said. The distribution of the BB should be to its supporters, most are active in this forum, and to the developers of the applications on top of this framework. When I read the white paper, I see tons of features, great features, that will be used by the applications. So we should reward the creator of these applications with byteballs. Random people, when receiving bb, if they don't have an interest to it, will just dump it. It does not help the coin.

Good point. The strength of the byteball is that it is a platform, so tony should reward those who help to create applications (DAC or those use smart contract) on top of it. Like what Ethereum did to help those projects.

Agree!

While I applaud Tony for his effort and this coin.  

I'm not a big fan of ICO's holding a majority of the coin.  
Will Lisk team start actively developing on top of Byteball?
Dont really think so ...

It would be nice if this somewhat changed for future distributions.

Either way, really would like to see the plan complete distribution laid out and the timeframe for it.

Is the time/amount being decided round by round?  Feels like we're in the dark on the end-to-end distribution of this coin.

I'm not much of a fan of it either, but it's naive to think Tony will start blacklisting addresses... As I see it, the only way to get rid of them is if they dump all their coins on the market.

and this wont happen, because Tony doesnt need ur money Wink

Greetz
Steve
andreibi
Legendary
*
Offline Offline

Activity: 1650
Merit: 1011

Practising Hebrew before visiting Israel


View Profile WWW
January 05, 2017, 06:44:35 PM
 #3148

Yup, free is free. This will dump to shit if most of the BB are only in the hands of a few. At least with Stellar, many regular users got their free coins. Litoshis, anyone?

termion
Hero Member
*****
Offline Offline

Activity: 910
Merit: 533



View Profile
January 05, 2017, 06:55:30 PM
 #3149

I hope, tonych will seek way to improve ByteBall and his distribution
andreibi
Legendary
*
Offline Offline

Activity: 1650
Merit: 1011

Practising Hebrew before visiting Israel


View Profile WWW
January 05, 2017, 08:31:49 PM
 #3150

Why limit distribution to bitcoin hodlers?

Admit it, many of us have altcoin portfolios  Wink...Why not distribute to holders of top 100 coins?

metamorphin
Legendary
*
Offline Offline

Activity: 1106
Merit: 1004


No risk, no fun!


View Profile WWW
January 05, 2017, 08:33:53 PM
 #3151

Why limit distribution to bitcoin hodlers?

Admit it, many of us have altcoin portfolios  Wink...Why not distribute to holders of top 100 coins?

87% dominate Bitcoin against Altcoins! I think, you would hit 100 times the same investors. Big whales in ETH are the same like big whales in XEM or Monero.

So...PLEASE NOOOOOOOO....

Greetz
SatoNatomato
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
January 05, 2017, 08:39:02 PM
 #3152

Why limit distribution to bitcoin hodlers?

Admit it, many of us have altcoin portfolios  Wink...Why not distribute to holders of top 100 coins?

87% dominate Bitcoin against Altcoins! I think, you would hit 100 times the same investors. Big whales in ETH are the same like big whales in XEM or Monero.

So...PLEASE NOOOOOOOO....

Greetz
Exactly.

But to move out of cryptocoins means touching the ugly visa/mastercard if you allow people to "pre-buy" bytes.

Facebook app and/or recaptcha like "work for bytes" incentive could be something to reach audiences outside of cryptocoin forums.
andreibi
Legendary
*
Offline Offline

Activity: 1650
Merit: 1011

Practising Hebrew before visiting Israel


View Profile WWW
January 05, 2017, 08:50:54 PM
 #3153

Or maybe signature campaigns, blogs, social media campaigns with bounties.

At least the freebies are acquired with some level of work.

jeremy grol
Hero Member
*****
Offline Offline

Activity: 882
Merit: 500


View Profile
January 05, 2017, 08:54:48 PM
 #3154

i think blackbytes value will be 10x more high than whitebytes.
Cause it's 100% anon and only sender and receiver could see amount.
WorldCoiner
Hero Member
*****
Offline Offline

Activity: 1069
Merit: 681



View Profile WWW
January 05, 2017, 09:16:49 PM
Last edit: January 06, 2017, 07:15:33 AM by WorldCoiner
 #3155

i think blackbytes value will be 10x more high than whitebytes.
Cause it's 100% anon and only sender and receiver could see amount.


Well if you believe so you get mine. I will offer you 4 BlackByte for 1 Byteball from you.

reserved.
drays
Legendary
*
Offline Offline

Activity: 2002
Merit: 1029


View Profile
January 05, 2017, 10:02:21 PM
 #3156

Why limit distribution to bitcoin hodlers?

Admit it, many of us have altcoin portfolios  Wink...Why not distribute to holders of top 100 coins?

87% dominate Bitcoin against Altcoins! I think, you would hit 100 times the same investors. Big whales in ETH are the same like big whales in XEM or Monero.

So...PLEASE NOOOOOOOO....

Greetz
Exactly.

But to move out of cryptocoins means touching the ugly visa/mastercard if you allow people to "pre-buy" bytes.

Facebook app and/or recaptcha like "work for bytes" incentive could be something to reach audiences outside of cryptocoin forums.

Idea to "work for bytes" is interesting. Anything should ideally be got by proving some work, but not just for free Smiley
Moving out of crypto community sounds very good, but would be hard for now. Even in crypto there are so many noobs with all kinds of weird questions.

A have another idea! If we are not afraid of noobs, bytes could be traded for Pokemons, or for proof of Pokemon ownership  Grin Grin

... this space is not for rent ...
coinhugger
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
January 06, 2017, 12:47:58 AM
 #3157

i think blackbytes value will be 10x more high than whitebytes.
Cause it's 100% anon and only sender and receiver could see amount.


Well if you believe so you get mine. I will offer you 4 BlackByte for 1 Byteball from you.

Same here. I would offer 4 BlackByte for 1 Byteball as well.
HI-TEC99
Legendary
*
Offline Offline

Activity: 1918
Merit: 1157



View Profile
January 06, 2017, 02:38:15 AM
 #3158

How to restore the wallet from seed? I couldn't find it in the UI. I know you can't restore blackbytes this way but nevertheless.

I posted instructions to restore a wallet from a seed phrase to help anyone with a corrupted wallet folder they didn't back up. You can try using them to recover your wallet.



I'm posting instructions to recover a byteball wallet from its seed phrase to help anyone with a corrupted wallet folder they didn't back up.

Download this, install it leaving all the settings at their defaults, then restart your computer.

https://nodejs.org/dist/v6.9.3/node-v6.9.3-x86.msi

Create a folder named git in your C: folder, then download this.

https://github.com/git-for-windows/git/releases/download/v2.11.0.windows.1/PortableGit-2.11.0-32-bit.7z.exe

You might have to temporarily disable your antivirus for the next steps. My avast antivirus warned me PortableGit-2.11.0-32-bit.7z.exe contained suspicious files and deleted some. However, my antivirus has not been updated for a long time, a virustotal scan shows the latest version of avast considers it safe.

https://www.virustotal.com/en/file/fccec9350c1cb58a5e6d84d307d4f9f43ab9d58d93c8de67056416539d199002/analysis/1483612263/

Run the PortableGit-2.11.0-32-bit.7z.exe file as administrator, and a window should open asking you where you want to extract it to.

Select the git folder you created earlier and click OK.

Afterwards open the git folder and run git-bash.exe as administrator.

A command prompt window should open.

Type the line of text below into it and press your enter key.

git clone https://github.com/byteball/headless-byteball.git

Wait until MINGW32 appears in a line of text with a flashing cursor at the end of it before doing each of the following steps.

Type the line of text below into it and press your enter key

git clone https://github.com/byteball/byteballcore.git

Type the line of text below into it and press your enter key

cd /headless-byteball

Type the line of text below into it and press your enter key

npm install

It might take a while before the previous step completes and MINGW32 appears in the command prompt window again.

Afterwards type the line of text below into it and press your enter key

node start.js

Eventually you should get a prompt inside the command line window saying "please name this device"

Type any name you want and press enter.

Next you should get a prompt saying "passphrase for your private key"

Type any password you want and press enter.

A lot of text should get written in the command prompt window ending with the line "To release the terminal, type Ctrl-Z, then 'bg'".

A few lines above the bottom of it there should be a line of text similar to the one below

my pairing code: ArDBcItObVqJ6kVFTLCgr1QGpC2go13yCyNJUnWPItVJ@byteball.org/bb#randomstring

Copy and save the bit after "my pairing code:". In the case above that would be save

ArDBcItObVqJ6kVFTLCgr1QGpC2go13yCyNJUnWPItVJ@byteball.org/bb#randomstring

Click the red x at the top of the command prompt window to close it.

A warning window should open saying "processes are running in session: close anyway?".

Press OK and the command prompt window should close.


Start your original byteball wallet that contained your coins, open global preferences, and look for 'Device address', for example 04JOZCX5QFI2HMPSDDDTWUYUQ52DYNM6Q. Copy and save it for later.


Click the windows orb at the bottom left of your windows desktop and write the text below into the search box, then press enter.

%appdata%

A hidden folder should open. Navigate to the folder named local that's inside the appdata folder. Open the folder named headless-byteball inside it.

Delete everything inside it apart from keys.json and conf.json.

Open the file named keys.json in notepad

To the right of where it says "mnemonic_phrase" change the seed phrase to the one from your original byteball wallet, then save and close the file.

Open the file named conf.json in notepad

It should look something like the line below. Copy and save the deviceName, in this case that's test5.

{
   "deviceName": "test5"
}


Delete the contents of the conf.json file and replace them with this

{
   "deviceName": "test2"
,   "control_addresses" : ["0D27EAWBJHN366A4CZ6QAEY6CXXHUQWVA"], "payout_address": "TKHVHEXL7PORCIIUDTBDO25LSI5G3UIV"}

Delete the bit after control_addresses (in this case 0D27EAWBJHN366A4CZ6QAEY6CXXHUQWVA), and replace it with the device address you saved earlier (example 04JOZCX5QFI2HMPSDDDTWUYUQ52DYNM6Q).

Delete the bit after deviceName (in this case test2), and replace it with the deviceName you saved earlier (example test5).

Delete the bit after payout_address (in this case TKHVHEXL7PORCIIUDTBDO25LSI5G3UIV), and replace it with your current receiving address from your GUI byteball wallet.

Save and close the file.


Afterwards open the git folder again and run git-bash.exe as administrator.

A command prompt window should open.

Type the line of text below into it and press enter

cd /headless-byteball

Type the line of text below into it and press enter

node start.js

If there are no problems lines like the ones below should appear somewhere in the command prompt.

-----------------------
remote access allowed from devices: 04JOZCX5QFI2HMPSDDDTWUYUQ52DYNM6Q
payouts allowed to address: TKHVHEXL7PORCIIUDTBDO25LSI5G3UIV
-----------------------


Afterwards copy the pairing code from the command prompt window (for example
Aqv3YdogDJw6aHj8nRMT8/m9fsm3X2c40QA959tHQmqq@byteball.org/bb#randomstring)

Open the menu of your GUI byteball wallet and then click "paired devices".

Click "add a new device", then click "accept invitation".
Paste the pairing code you saved into the text box and press the "pair" button

At the bottom of the GUI wallet there should be a text box for you to text messages to your headless wallet device. Type one of the instructions in bold below to text your headless wallet a message, then press enter.


balance: to request the current balance on the headless wallet;
address: to get to know one of the wallet's addresses, you use it to refill the wallet's balance;
pay <amount in bytes> to request withdrawal from the headless wallet to your payout_address.




forzendiablo
Legendary
*
Offline Offline

Activity: 1526
Merit: 1000


the grandpa of cryptos


View Profile
January 06, 2017, 02:49:56 AM
 #3159

can we get serious exchange finally?

yolo
marseille
Hero Member
*****
Offline Offline

Activity: 938
Merit: 500



View Profile
January 06, 2017, 05:06:05 AM
 #3160


Totally agree with what you said. The distribution of the BB should be to its supporters, most are active in this forum, and to the developers of the applications on top of this framework. When I read the white paper, I see tons of features, great features, that will be used by the applications. So we should reward the creator of these applications with byteballs. Random people, when receiving bb, if they don't have an interest to it, will just dump it. It does not help the coin.

Good point. The strength of the byteball is that it is a platform, so tony should reward those who help to create applications (DAC or those use smart contract) on top of it. Like what Ethereum did to help those projects.

Agree!

While I applaud Tony for his effort and this coin.  

I'm not a big fan of ICO's holding a majority of the coin.  
Will Lisk team start actively developing on top of Byteball?
Dont really think so ...

It would be nice if this somewhat changed for future distributions.

Either way, really would like to see the plan complete distribution laid out and the timeframe for it.

Is the time/amount being decided round by round?  Feels like we're in the dark on the end-to-end distribution of this coin.

I'm not much of a fan of it either, but it's naive to think Tony will start blacklisting addresses... As I see it, the only way to get rid of them is if they dump all their coins on the market.

I hope so, there's no point giving competitors free money. We should encourage development on top of this platform as many said, and block those ICO addresses. Think about it, the only purpose they have is their coin, not this coin.
Pages: « 1 ... 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] 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 ... 1117 »
  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!