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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1218031 times)
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January 07, 2017, 12:11:16 AM
 #3201

Lift data for 01/06/2017

Sorry, I missed your reference to the date 6.01

Quote
Check the history of transactions from 6.01. Compare with coinmarketcap charts.


No, I can't find any values of 0.024xx in it, and the coinmarketcap charts show a few values of 0.024xx in popups. However, I don't think coinmarketcap shows the raw data it works with anywhere. It could be due to a rounding error. Its charts rarely show perfectly accurate values for maximum and minimum prices during big Bitcoin price swings.


Code:
Price BTC Amount GBYTE Value BTC Type Date
0.01870010 0.72192127 0.01350000 Sell 1/6/2017 11:47:26 PM
0.01860000 2.00000000 0.03720000 Sell 1/6/2017 10:23:36 PM
0.02000000 0.73038506 0.01460770 Sell 1/6/2017 9:49:11 PM
0.01818000 18.18359938 0.33057784 Sell 1/6/2017 7:48:18 PM
0.01819000 11.45758714 0.20841351 Sell 1/6/2017 7:47:54 PM
0.01910000 0.95847016 0.01830678 Sell 1/6/2017 7:47:54 PM
0.01950000 10.98851437 0.21427603 Sell 1/6/2017 7:47:54 PM
0.01950000 0.01148563 0.00022397 Sell 1/6/2017 7:28:35 PM
0.02174896 0.10000000 0.00217490 Buy 1/6/2017 7:09:46 PM
0.02174896 12.22911295 0.26597049 Buy 1/6/2017 5:46:09 PM
0.02300000 2.10000000 0.04830000 Buy 1/6/2017 5:32:43 PM
0.02300000 10.00000000 0.23000000 Buy 1/6/2017 5:31:17 PM
0.01750005 0.87489144 0.01531064 Sell 1/6/2017 3:37:51 PM
0.01750006 21.62255329 0.37839598 Sell 1/6/2017 3:37:51 PM
0.01815001 3.00000000 0.05445003 Sell 1/6/2017 3:37:51 PM
0.01815001 3.50000000 0.06352504 Sell 1/6/2017 3:37:51 PM
0.01820010 3.00000000 0.05460030 Sell 1/6/2017 3:37:51 PM
0.01820100 11.00000000 0.20021100 Sell 1/6/2017 3:37:51 PM
0.01850001 1.50812189 0.02790027 Sell 1/6/2017 3:37:51 PM
0.01860100 10.00000000 0.18601000 Sell 1/6/2017 3:37:51 PM
0.01870010 9.00000000 0.16830090 Sell 1/6/2017 3:37:51 PM
0.01888000 12.41393008 0.23437500 Sell 1/6/2017 3:37:51 PM
0.01888888 52.94120191 1.00000001 Sell 1/6/2017 3:37:51 PM
0.01910020 12.31679616 0.23525327 Sell 1/6/2017 3:37:51 PM
0.02010000 30.00000000 0.60300000 Sell 1/6/2017 3:37:51 PM
0.02020000 9.90000000 0.19998000 Sell 1/6/2017 3:37:51 PM
0.02060000 9.27773204 0.19112128 Sell 1/6/2017 3:37:51 PM
0.02080100 7.64049853 0.15893001 Sell 1/6/2017 3:37:51 PM
0.02085000 10.00000000 0.20850000 Sell 1/6/2017 3:37:51 PM
0.02085010 11.80426041 0.24612001 Sell 1/6/2017 3:37:51 PM
0.02150030 2.00000000 0.04300060 Sell 1/6/2017 3:37:51 PM
0.02150100 4.00000000 0.08600400 Sell 1/6/2017 3:37:51 PM
0.02390000 1.00000000 0.02390000 Buy 1/6/2017 1:25:38 PM
0.02380000 0.27350674 0.00650946 Buy 1/6/2017 1:24:11 PM
0.02380000 3.00796302 0.07158952 Buy 1/6/2017 1:04:51 PM
0.02380000 7.34873949 0.17490000 Buy 1/6/2017 12:40:23 PM
0.02380000 9.15970630 0.21800101 Buy 1/6/2017 11:58:13 AM
0.02380000 0.21008445 0.00500001 Buy 1/6/2017 11:53:22 AM
0.02390000 9.16302845 0.21899638 Buy 1/6/2017 10:30:26 AM
0.02380000 25.91188614 0.61670289 Buy 1/6/2017 10:30:26 AM
0.02380000 4.08811386 0.09729711 Buy 1/6/2017 10:29:10 AM
0.02380000 20.00000000 0.47600000 Buy 1/6/2017 10:13:22 AM
0.02379000 5.00000000 0.11895000 Buy 1/6/2017 10:13:22 AM
0.02398999 0.08336810 0.00200000 Buy 1/6/2017 5:43:04 AM
0.02398999 1.52678638 0.03662759 Buy 1/6/2017 4:53:49 AM
0.02390000 20.00000000 0.47800000 Buy 1/6/2017 4:32:54 AM
0.02349000 10.00503480 0.23501827 Buy 1/6/2017 4:32:54 AM
0.02300000 10.00000000 0.23000000 Buy 1/6/2017 4:32:54 AM
0.02275000 0.13969288 0.00317801 Buy 1/6/2017 4:32:54 AM
0.02275000 9.86030712 0.22432199 Buy 1/6/2017 2:42:35 AM
0.02260000 10.05000000 0.22713000 Buy 1/6/2017 2:42:35 AM
0.02259000 19.60389964 0.44285209 Buy 1/6/2017 2:42:35 AM
0.02250000 8.48579324 0.19093035 Buy 1/6/2017 2:42:35 AM
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January 07, 2017, 12:11:57 AM
 #3202

My question is, is it worth to people who have only 0.1 BTC?
I mean to join this airdrop.

Or is the amount so small that it is not worth to join this coin?
If you strongly believe in project, you should rather buy now approx. 5 GBYTE and link it in second round
After second round you have 5.5 GBYTE
If you just link 0.1 BTC
After second round you have 0.00625 GBYTE and still 0.1 BTC

well getting something is better than nothing. Moreover byteball is a decent coin, not a copy-paste coin seeking for ICO aiming at grabbing quick money. The many features supported will make this a great one.
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January 07, 2017, 12:14:25 AM
 #3203

Maybe I have missed this,

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

Also interested in documentation on this functionality

Judging by the zero replies, I assume that, at this point in time, there are no byteball-based applications or services.
Any announcements I may have missed, anything in the pipeline? Not that I can find anything on byteball.org...

Shouldn't (early) applications play a role in the discussion of potential value and distribution schemes?

No, there no applications on main net yet. There are few example bots on test net. I hope, some applications on main net are coming soon. Tonych is not very active on this thread since after  distribution, I guess he is cocking something to surprise us.

Demos of some applications are running on testnet https://byteball.org/testnet.html (need to install a separate wallet), all source code is in our github repos.  Still more to come.
Great!!

Indeed. Very good news.

.
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January 07, 2017, 01:45:23 AM
 #3204

OP updated to a more precise description of the second round distribution:

Quote
Participation in Byteball distribution

If you missed the 1st round of distribution, you can still participate in the further rounds.  If you were in the 1st round, you can multiply your holdings.  In the second round, which is expected in mid-February, you receive:
- 62.5 MB for every 1 BTC of proven balance
- 0.1 new bytes for every 1 byte you own at the moment of the snapshot

You also receive blackbytes:
- 62.5 * 2.1111 * 106 blackbytes for every 1 BTC of proven balance
- 0.21111 new blackbytes for every 1 byte you hold on the linked address at the moment of the snapshot
(total money supply of blackbytes is 2.1111 times more than that of bytes)

Byteball translators, please update your threads ASAP, thanks!

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Obyte - An open cryptocurrency platform ready for real world adoption
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January 07, 2017, 01:53:54 AM
 #3205

Can you explain how ByteBall is fundamentally different from IOTA?
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January 07, 2017, 02:21:27 AM
 #3206

Can you explain how ByteBall is fundamentally different from IOTA?

AFAIK
- no POW, Byteball uses fees to prevent spam
- no ICO, Byteball coins are given out for free in several airdrops
- Byteball has full and light wallets with easy gui for Linux, OSX, Windows, Android, iOS
- Byteball uses chat bots to communicate with the user
- Byteball is based on javascript, IOTA on java
- Byteball is already traded on an exchange (cryptox.pl) and listed on coinmarketcap.com

http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/

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January 07, 2017, 02:28:00 AM
 #3207

Is this one of those coins that gets released then fades off into the distance then comes back with a pump that rewards all the early adopters ? Like Vanillacoin and that John-Connor stuff he did ?
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January 07, 2017, 03:01:38 AM
 #3208

Can you explain how ByteBall is fundamentally different from IOTA?

AFAIK
- no POW, Byteball uses fees to prevent spam
- no ICO, Byteball coins are given out for free in several airdrops
- Byteball has full and light wallets with easy gui for Linux, OSX, Windows, Android, iOS
- Byteball uses chat bots to communicate with the user
- Byteball is based on javascript, IOTA on java
- Byteball is already traded on an exchange (cryptox.pl) and listed on coinmarketcap.com

http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/

Thanks!  I was really wanting to know what was the new consensus algorithm that was used that is different from IOTA.

Also, how are untraceable payments achieved?

Does ByteBall use RS ?
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January 07, 2017, 03:06:37 AM
 #3209

Can you explain how ByteBall is fundamentally different from IOTA?

AFAIK
- no POW, Byteball uses fees to prevent spam
- no ICO, Byteball coins are given out for free in several airdrops
- Byteball has full and light wallets with easy gui for Linux, OSX, Windows, Android, iOS
- Byteball uses chat bots to communicate with the user
- Byteball is based on javascript, IOTA on java
- Byteball is already traded on an exchange (cryptox.pl) and listed on coinmarketcap.com

http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/

Thanks!  I was really wanting to know what was the new consensus algorithm that was used that is different from IOTA.

Also, how are untraceable payments achieved?

Does ByteBall use RS ?

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

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Obyte - An open cryptocurrency platform ready for real world adoption
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January 07, 2017, 04:14:16 AM
 #3210

OP updated to a more precise description of the second round distribution:

Quote
Participation in Byteball distribution

If you missed the 1st round of distribution, you can still participate in the further rounds.  If you were in the 1st round, you can multiply your holdings.  In the second round, which is expected in mid-February, you receive:
- 62.5 MB for every 1 BTC of proven balance
- 0.1 new bytes for every 1 byte you own at the moment of the snapshot

You also receive blackbytes:
- 62.5 * 2.1111 * 106 blackbytes for every 1 BTC of proven balance
- 0.21111 new blackbytes for every 1 byte you hold on the linked address at the moment of the snapshot
(total money supply of blackbytes is 2.1111 times more than that of bytes)

Byteball translators, please update your threads ASAP, thanks!
we can start to link our adresses or we need to do this later?
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January 07, 2017, 06:07:19 AM
 #3211

Can you explain how ByteBall is fundamentally different from IOTA?

AFAIK
- no POW, Byteball uses fees to prevent spam
- no ICO, Byteball coins are given out for free in several airdrops
- Byteball has full and light wallets with easy gui for Linux, OSX, Windows, Android, iOS
- Byteball uses chat bots to communicate with the user
- Byteball is based on javascript, IOTA on java
- Byteball is already traded on an exchange (cryptox.pl) and listed on coinmarketcap.com

http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/

Thanks!  I was really wanting to know what was the new consensus algorithm that was used that is different from IOTA.

Also, how are untraceable payments achieved?

Does ByteBall use RS ?

Untraceble payments are achieved by blackbytes, the transaction with blackbytes are done through direct connection between the two parties, and details are not recorded in the chain, except some tx hash so it can be verified later.
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January 07, 2017, 06:21:12 AM
 #3212

Lift data for 01/06/2017

Sorry, I missed your reference to the date 6.01

Quote
Check the history of transactions from 6.01. Compare with coinmarketcap charts.


No, I can't find any values of 0.024xx in it, and the coinmarketcap charts show a few values of 0.024xx in popups. However, I don't think coinmarketcap shows the raw data it works with anywhere. It could be due to a rounding error. Its charts rarely show perfectly accurate values for maximum and minimum prices during big Bitcoin price swings.


Code:
Price BTC Amount GBYTE Value BTC Type Date
0.01870010 0.72192127 0.01350000 Sell 1/6/2017 11:47:26 PM
0.01860000 2.00000000 0.03720000 Sell 1/6/2017 10:23:36 PM
0.02000000 0.73038506 0.01460770 Sell 1/6/2017 9:49:11 PM
0.01818000 18.18359938 0.33057784 Sell 1/6/2017 7:48:18 PM
0.01819000 11.45758714 0.20841351 Sell 1/6/2017 7:47:54 PM
0.01910000 0.95847016 0.01830678 Sell 1/6/2017 7:47:54 PM
0.01950000 10.98851437 0.21427603 Sell 1/6/2017 7:47:54 PM
0.01950000 0.01148563 0.00022397 Sell 1/6/2017 7:28:35 PM
0.02174896 0.10000000 0.00217490 Buy 1/6/2017 7:09:46 PM
0.02174896 12.22911295 0.26597049 Buy 1/6/2017 5:46:09 PM
0.02300000 2.10000000 0.04830000 Buy 1/6/2017 5:32:43 PM
0.02300000 10.00000000 0.23000000 Buy 1/6/2017 5:31:17 PM
0.01750005 0.87489144 0.01531064 Sell 1/6/2017 3:37:51 PM
0.01750006 21.62255329 0.37839598 Sell 1/6/2017 3:37:51 PM
0.01815001 3.00000000 0.05445003 Sell 1/6/2017 3:37:51 PM
0.01815001 3.50000000 0.06352504 Sell 1/6/2017 3:37:51 PM
0.01820010 3.00000000 0.05460030 Sell 1/6/2017 3:37:51 PM
0.01820100 11.00000000 0.20021100 Sell 1/6/2017 3:37:51 PM
0.01850001 1.50812189 0.02790027 Sell 1/6/2017 3:37:51 PM
0.01860100 10.00000000 0.18601000 Sell 1/6/2017 3:37:51 PM
0.01870010 9.00000000 0.16830090 Sell 1/6/2017 3:37:51 PM
0.01888000 12.41393008 0.23437500 Sell 1/6/2017 3:37:51 PM
0.01888888 52.94120191 1.00000001 Sell 1/6/2017 3:37:51 PM
0.01910020 12.31679616 0.23525327 Sell 1/6/2017 3:37:51 PM
0.02010000 30.00000000 0.60300000 Sell 1/6/2017 3:37:51 PM
0.02020000 9.90000000 0.19998000 Sell 1/6/2017 3:37:51 PM
0.02060000 9.27773204 0.19112128 Sell 1/6/2017 3:37:51 PM
0.02080100 7.64049853 0.15893001 Sell 1/6/2017 3:37:51 PM
0.02085000 10.00000000 0.20850000 Sell 1/6/2017 3:37:51 PM
0.02085010 11.80426041 0.24612001 Sell 1/6/2017 3:37:51 PM
0.02150030 2.00000000 0.04300060 Sell 1/6/2017 3:37:51 PM
0.02150100 4.00000000 0.08600400 Sell 1/6/2017 3:37:51 PM
0.02390000 1.00000000 0.02390000 Buy 1/6/2017 1:25:38 PM
0.02380000 0.27350674 0.00650946 Buy 1/6/2017 1:24:11 PM
0.02380000 3.00796302 0.07158952 Buy 1/6/2017 1:04:51 PM
0.02380000 7.34873949 0.17490000 Buy 1/6/2017 12:40:23 PM
0.02380000 9.15970630 0.21800101 Buy 1/6/2017 11:58:13 AM
0.02380000 0.21008445 0.00500001 Buy 1/6/2017 11:53:22 AM
0.02390000 9.16302845 0.21899638 Buy 1/6/2017 10:30:26 AM
0.02380000 25.91188614 0.61670289 Buy 1/6/2017 10:30:26 AM
0.02380000 4.08811386 0.09729711 Buy 1/6/2017 10:29:10 AM
0.02380000 20.00000000 0.47600000 Buy 1/6/2017 10:13:22 AM
0.02379000 5.00000000 0.11895000 Buy 1/6/2017 10:13:22 AM
0.02398999 0.08336810 0.00200000 Buy 1/6/2017 5:43:04 AM
0.02398999 1.52678638 0.03662759 Buy 1/6/2017 4:53:49 AM
0.02390000 20.00000000 0.47800000 Buy 1/6/2017 4:32:54 AM
0.02349000 10.00503480 0.23501827 Buy 1/6/2017 4:32:54 AM
0.02300000 10.00000000 0.23000000 Buy 1/6/2017 4:32:54 AM
0.02275000 0.13969288 0.00317801 Buy 1/6/2017 4:32:54 AM
0.02275000 9.86030712 0.22432199 Buy 1/6/2017 2:42:35 AM
0.02260000 10.05000000 0.22713000 Buy 1/6/2017 2:42:35 AM
0.02259000 19.60389964 0.44285209 Buy 1/6/2017 2:42:35 AM
0.02250000 8.48579324 0.19093035 Buy 1/6/2017 2:42:35 AM
It is certain that this is not a rounding error.
It has another name.  But you are warned  Cool
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January 07, 2017, 09:54:13 AM
 #3213

OP updated to a more precise description of the second round distribution:

Quote
Participation in Byteball distribution

If you missed the 1st round of distribution, you can still participate in the further rounds.  If you were in the 1st round, you can multiply your holdings.  In the second round, which is expected in mid-February, you receive:
- 62.5 MB for every 1 BTC of proven balance
- 0.1 new bytes for every 1 byte you own at the moment of the snapshot

You also receive blackbytes:
- 62.5 * 2.1111 * 106 blackbytes for every 1 BTC of proven balance
- 0.21111 new blackbytes for every 1 byte you hold on the linked address at the moment of the snapshot
(total money supply of blackbytes is 2.1111 times more than that of bytes)

Byteball translators, please update your threads ASAP, thanks!
we can start to link our adresses or we need to do this later?
I can't find the quote but tonych said that the next linking phase has not been announced yet. At present you don't need to link your address.
Anybody correct me if I'm wrong

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January 07, 2017, 10:05:26 AM
 #3214

OP updated to a more precise description of the second round distribution:

Quote
Participation in Byteball distribution

If you missed the 1st round of distribution, you can still participate in the further rounds.  If you were in the 1st round, you can multiply your holdings.  In the second round, which is expected in mid-February, you receive:
- 62.5 MB for every 1 BTC of proven balance
- 0.1 new bytes for every 1 byte you own at the moment of the snapshot

You also receive blackbytes:
- 62.5 * 2.1111 * 106 blackbytes for every 1 BTC of proven balance
- 0.21111 new blackbytes for every 1 byte you hold on the linked address at the moment of the snapshot
(total money supply of blackbytes is 2.1111 times more than that of bytes)

Byteball translators, please update your threads ASAP, thanks!
we can start to link our adresses or we need to do this later?
I can't find the quote but tonych said that the next linking phase has not been announced yet. At present you don't need to link your address.
Anybody correct me if I'm wrong

If we did not touch our linked funds. They will still be linked and nothing to do for the second round right?
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January 07, 2017, 11:39:05 AM
 #3215

I can't find the quote but tonych said that the next linking phase has not been announced yet. At present you don't need to link your address.
Anybody correct me if I'm wrong

The transition bot is up again, you can link and check your linked addresses by chatting with it. transition.byteball.org however, still displays the first round data.

If we did not touch our linked funds. They will still be linked and nothing to do for the second round right?

Yes. Even if you touched them, you can always send them back to your already linked addresses (which will stay linked for all the subsequent rounds).

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January 07, 2017, 02:29:10 PM
 #3216

Do we need to move our bytes to linked address to get more bytes during the second round or will it distribute to any funded byteball address?

.
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January 07, 2017, 03:23:41 PM
 #3217

Do we need to move our bytes to linked address to get more bytes during the second round or will it distribute to any funded byteball address?

you need to have your bytes or btc in linked addresses when the snapshot will be taken , somewhere in mid-feb.
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January 07, 2017, 03:36:10 PM
 #3218

What was the distribution ration in the first round per 1btc? For some reason can't find it.
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January 07, 2017, 03:41:18 PM
 #3219

What was the distribution ration in the first round per 1btc? For some reason can't find it.

do your own math:

100.000 GB were distributed with over 70.000 linked BTC!

Greetz
Steve
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January 07, 2017, 04:47:57 PM
 #3220

Does it make sense that the price will be cut in half after the next distribution?
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