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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1218031 times)
yvv
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January 07, 2017, 04:52:21 PM
 #3221

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

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

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January 07, 2017, 04:53:13 PM
 #3222

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

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.



So only 20,000 GB will be distributed?
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January 07, 2017, 05:24:59 PM
 #3223

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

titan20
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January 07, 2017, 06:10:46 PM
 #3224

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

So the Gbytes which were received in the first round need to be actively linked to receive 10% in the second round? I thought this was automatic according to everyones balance...
 


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cryptohunter
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January 07, 2017, 06:15:17 PM
 #3225

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

well big exchanges look a long time away then.... can't see them listing with a single entity controlling the vast bulk

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January 07, 2017, 06:29:06 PM
 #3226

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

Not sure why next distribution is much less, shouldn't we distribute each time 10% then it will still need 10 times distribution? otherwise it will be too slow to distribute.
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January 07, 2017, 06:29:38 PM
 #3227

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

So the Gbytes which were received in the first round need to be actively linked to receive 10% in the second round? I thought this was automatic according to everyones balance...
 

Me too. If I don't have no bitcoins, it does not make sense to link my byteball address. I should receive bytes according to my current balance at current address. Let's wait for clarifications from tonych.

.
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January 07, 2017, 06:42:10 PM
 #3228

Find funds for the micropayment is possible.
You could just use the signature.
Nothing prevents bind blank address.
But compliance with the rules there is something more than the rules themselves  Grin
zanzibar
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January 07, 2017, 10:02:59 PM
 #3229

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

Thanks, will dust off the old calculator. But seriously that's a pretty large sum for distribution in first round, 700mb per BTC, compared to a second round of just 65mb per BTC
drays
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January 08, 2017, 12:04:40 AM
 #3230

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

So the Gbytes which were received in the first round need to be actively linked to receive 10% in the second round? I thought this was automatic according to everyones balance...
 

Me too. If I don't have no bitcoins, it does not make sense to link my byteball address. I should receive bytes according to my current balance at current address. Let's wait for clarifications from tonych.

Sure, tonych is the right one to clarify this. But there is another consideration to make: if BB will be sent to ALL addresses, a lot of them will be received by exchanges (well, currently the only exchange - cryptox.pl, but others could join too before the second round), which doesn't sound like a particularly right thing Smiley

... this space is not for rent ...
valley365
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January 08, 2017, 12:09:00 AM
 #3231

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

So the Gbytes which were received in the first round need to be actively linked to receive 10% in the second round? I thought this was automatic according to everyones balance...
 

Me too. If I don't have no bitcoins, it does not make sense to link my byteball address. I should receive bytes according to my current balance at current address. Let's wait for clarifications from tonych.

Sure, tonych is the right one to clarify this. But there is another consideration to make: if BB will be sent to ALL addresses, a lot of them will be received by exchanges (well, currently the only exchange - cryptox.pl), which doesn't sound like a particularly right thing Smiley

Exchanges should distribute the BBs to individual accounts. I don't think we need to link byteball's address, it is automatic. All the linked bitcoin addresses should still be valid for the second round, this is my understanding...
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January 08, 2017, 01:17:03 AM
 #3232

When can we expect to trade BB on an exchange?
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January 08, 2017, 01:55:43 AM
 #3233

When can we expect to trade BB on an exchange?

It's traded on https://cryptox.pl and the experiences of the byteball community are very good with this young exchange!

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
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January 08, 2017, 04:22:33 AM
 #3234

When can we expect to trade BB on an exchange?

It's traded on https://cryptox.pl and the experiences of the byteball community are very good with this young exchange!

Is there an OTC exchange for blackballs? Any reports on how much they're going for relative to whiteballs?
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January 08, 2017, 04:44:50 AM
 #3235

When can we expect to trade BB on an exchange?

It's traded on https://cryptox.pl and the experiences of the byteball community are very good with this young exchange!

Is there an OTC exchange for blackballs? Any reports on how much they're going for relative to whiteballs?

I sold 1000 GB of Black for 250 GB of white.  I think that probably made the market.
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January 08, 2017, 04:46:33 AM
 #3236

FYI:

There is a slack channel #trading for Bytes and #trading_blackbytes for Blackbytes, please go there if you want to buy, sell, exchange Bytes and Blackbytes or want to speculate about the price!  Grin

There's also an automated order book at #book (Bytes asks and bids only):
Quote
List of commands:
ASKS
BIDS
ASK <BTC> <GB>
BID <BTC> <GB>
REMOVE ASK
REMOVE BID

Please keep this in mind for your own safety:

Quote
Little guide for Byteball trading

This slack channel is for discussing Byteball trading and for organizing such trades. Please be aware that at the moment, the only way to trade safely is through a reputable escrow middleman! Even if you think you know the guy who you want to trade with, you should better trade through an escrow! We've already seen lots of scammers who try to impersonate well-known community members. So proceed with due diligence and always make sure that you are dealing with the right person, especially your escrow middleman. Only use registered escrow services and compare the usernames and bitcoin addresses carefully before you send someone your precious coins!

Registered escrow services:

@yassinnxt
Registered escrow bitcoin address: 153tSmxbKfby652LUyYdYEZhoxY9RzHYrz
Fee: 1% in BTC (from Byteball buyer)
(approx. 2700 BTC escrowed so far)

@seccour
Registered escrow bitcoin address: 1Hx3kxKbYyNgGyqzLB5Qw8BA8dZbuu1Xjn
Fee: none (tips accepted)
(over 500 BTC escrowed so far)

@martis
Registered escrow bitcoin address: 1pMPHbinYokoXEDav5J3tkto14rxBSwx9
Fee: 1% in BTC (split 50/50 between buyer and seller)

Get your slack invite here: http://slack.byteball.org/

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
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January 08, 2017, 05:29:54 AM
 #3237

I don't use slack, that's why I asked for someone to tell me about how much blackballs are going for, and if it's more or less than whiteballs.
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January 08, 2017, 05:34:10 AM
 #3238

It seems like distribution schemes for new cryptocurrencies are just getting worse and worse.
valley365
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January 08, 2017, 07:31:15 AM
 #3239

Looked at Coinmarketcap, Byteball with 10% distributed coins ranked at #56:
http://coinmarketcap.com/currencies/byteball/

If all 100% coins are counted, it will be at #15, very good for a new coin like byteball.
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January 08, 2017, 09:35:25 AM
 #3240

the distribution scheme is somewhat elitist.

GET OVER IT.
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