Obyte: Totally new consensus algorithm + private untraceable payments

[Karartma1]

I thought the second was the most obvious one and, in fact, it is. And given the other features that's a bit problematic. I thought of using TOR for BB but as you pointed out that's just as anonymous as TOR can be. Monero wins on that side.
Would be nice to hear something from tonych..

TOR makes a lot of sense in cryptocurrencies whose ledgers are public, because it prevents other connected nodes from linking your transactions to your IP address.  When you are paying in blackbytes, your transaction is visible only to the payee, and usually you are not even connected to the payee directly, you communicate over a hub.  This means that, even when TOR is off in your Byteball client:
- unrelated third-parties learn nothing
- the payee can learn your IP only in two cases: you are connected directly or the payee colludes with the hub
Turning TOR on (available in headless clients, will be supported soon in GUI clients) removes the above risk.

Differences with Monero:
- Monero doesn't hide amounts, blackbytes do.
- Strictly speaking, ring signatures used in Monero only obfuscate information about the sender, don't completely hide it.  Blackbytes truly hide all information.  This is not to say obfuscation is always something of subpar quality, good obfuscation can be as good as hiding for all practical purposes.

That said, I think the anonymity features of Monero are already good enough for most users, the real game changer is usability, where imho Byteball shines.  And it is not just about anonymity.

First of all, thanks for the outstanding explanation. I'm not a Monero supporter as I've already said but I'm truly looking forward to a coin that preserves my privacy and confidentiality and if your project delivers on that I'm perfectly happy.
I'll read the white paper to learn more about Byteball & messaging

[CryptKeeper]

I wish all the people would give a vote to ByteBall on trading sites MERCATOX, I believe with many trading sites will make many other new communities grow to make byteball be great, please give free VOTE for byteball and immediately added to the trading site MERCATOX

https://mercatox.com/coins/list

I've voted for Byteball, please join! 

I''ll vote for it.

I also asked alcurEX to list byteball in this post, please join!

https://bitcointalk.org/index.php?topic=458732.msg17335090#msg17335090

Done. Thank you!

[CryptKeeper]

Please join the Byteball slack:

- latest news and updates
- trading and auctions
- helpdesk

Get your invite here: slack.byteball.org

[crackhawk]

still traceable using byteball, the real untraceable is zcash

[Krypt]

still traceable using byteball, the real untraceable is zcash

just use blackbytes.

[NorrisK]

still traceable using byteball, the real untraceable is zcash

Tracability is not the only thing people are worried about or interested in.

There are many more applications for blockchain technologies and most people don't even have to be concerned with tracability.

[BiTrading]

Thanks HI-TEC99 and CryptKeeper for clarification

What exactly I need to do to secure a backup before update to v1.0.0?

"To restore wallets, you will need a full backup of Byteball settings. Just the wallet seed is not enough"

It's vital to backup this windows folder to ensure you get your blackbytes.

C:\users\<your user name>\AppData\Local\Byteball

The folder is normally hidden. If you haven't configured your computer to make it visible then click the windows orb, type %appdata% into the search box and press enter, Your hidden appdata folder should open.

It's also important to back up your wallet words (the seed) that you can view in the advanced section of your wallet.

Under 'Advanced' it says: wallet id.
Is that the seed of my wallet? Just want to be sure..
Thanks.

[CryptKeeper]

Thanks HI-TEC99 and CryptKeeper for clarification

What exactly I need to do to secure a backup before update to v1.0.0?

"To restore wallets, you will need a full backup of Byteball settings. Just the wallet seed is not enough"

It's vital to backup this windows folder to ensure you get your blackbytes.

C:\users\<your user name>\AppData\Local\Byteball

The folder is normally hidden. If you haven't configured your computer to make it visible then click the windows orb, type %appdata% into the search box and press enter, Your hidden appdata folder should open.

It's also important to back up your wallet words (the seed) that you can view in the advanced section of your wallet.

Under 'Advanced' it says: wallet id.
Is that the seed of my wallet? Just want to be sure..
Thanks.

No, you find your seed (12 words) under 'Backup'.

[BiTrading]

No, you find your seed (12 words) under 'Backup'.

Im currently running the old version. I cant find 'backup'.

[zahra4577]

what is the next time for get free byteball?

Feb 11

Is it till Feb 11 or after Feb 11?I mean do we nees to link our bitcoin address before that date or after that date?
Can I use blockchain.info online wallet for linking purpose?

[DISPERADO]

When approximately will be next free distribution? And who knows how to confirm the BTC address in Electrum wallet  via confirmation message? Do they have a detailed instruction?

[falala69]

When approximately will be next free distribution? And who knows how to confirm the BTC address in Electrum wallet  via confirmation message? Do they have a detailed instruction?

The next round will be held on 11th of February at 0:33 UTC. Here is the distribution rules:

• BTC to bytes: 1 BTC of proven balance gives you 62.5 MB
• BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes
• Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
• Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

Actually if you go to page 180 or this link https://bitcointalk.org/index.php?topic=1608859.msg17566450#msg17566450 , you could see tonych explanation regarding 2nd distribution. 

[CryptKeeper]

No, you find your seed (12 words) under 'Backup'.

Im currently running the old version. I cant find 'backup'.

Must be there, even in old versions. Have you looked in the cogwheel menu?

[kaicrypzen]

is there a complete distribution schedule somewhere for all the BBs?

Tony said that snapshots will be on full moon days and we know that they will normally be spaced 1 or 2 months.

Really would be nice to know coin supply currently out and as it increases over time until finished. 

The current coin supply in circulation is 10% (first distrib), you can keep track of the supply in circulation after each distribution.

So if all stayed the same ~70,000BTC linked then:

70,000 * .0625 = 4,375
100,000 * .1 = 10,000

only ~14,375 new GBs would be distributed in round 2?

As far as I've read,  second distro is only releasing 1.5% of total amount.

No, it's a constant amount of 62.5 MB per 1 BTC, so it depends on the total amount of linked bitcoins.

The next distribution will be releasing something like 1.5% if the linked BTC amount is similar to what was linked in the first round. 1.5% is just an estimation, as CryptKeeper said, the percentage depends (well 1% is sure) on the linked BTC amount at the time of the blockchain snapshot.

[MirkoIta]

I was following the thread before the first distribution as I was too lazy. I downloaded the Lite desktop wallet yesterday and it took 5 mins to link my BTC address, it's really an easy process.

[lizidev]

I was following the thread before the first distribution as I was too lazy. I downloaded the Lite desktop wallet yesterday and it took 5 mins to link my BTC address, it's really an easy process.

i  will  follow byteball  too

[kola-schaar]

is there a complete distribution schedule somewhere for all the BBs?

Tony said that snapshots will be on full moon days and we know that they will normally be spaced 1 or 2 months.

Given this:

We'll have our 2nd distribution round under the Full Moon, on 11th of February at 0:33 UTC.
We will probably follow the Full Moon calendar for future rounds too.
...

(Which is a wonderful idea)

I have interpreted it so that there is now a plan for the distribution.
The next 5 rounds will (probably) take place on the following dates:
 
Distribution schedule (All New Moon times are UTC.)
2. round (linking phase in progress -> join now!)   snapshot at 11.Feb 00:33   
3. round (to be anounced)               snapshot planned at 12.März 14:54
4. round (to be anounced)               snapshot planned at 11.Apr. 06:08
5. round (to be anounced)               snapshot planned at 10.Mai 21:42
6. round (to be anounced)               snapshot planned at 09.Juni 13:10
and so on..
.. maybe to be continued if necessary
I marked it on a chinese moon calendar 2017  (Distribution schedule UTC):
http://imageshack.com/a/img921/4593/EOfonq.png

[spark.bet]

Timetable of the 2nd distribution in your country

Code:

Afghanistan - Kabul sam 05 h 03
Algeria - Algiers sam 01 h 33
Argentina - Buenos Aires ven 21 h 33
Australia - Australian Capital Territory - Canberra * sam 11 h 33
Australia - New South Wales - Sydney * sam 11 h 33
Australia - Northern Territory - Darwin sam 10 h 03
Australia - Queensland - Brisbane sam 10 h 33
Australia - South Australia - Adelaide * sam 11 h 03
Australia - Victoria - Melbourne * sam 11 h 33
Australia - Western Australia - Perth sam 08 h 33
Austria - Vienna - Vienna sam 01 h 33
Bahamas - Nassau ven 19 h 33
Bangladesh - Dhaka sam 06 h 33
Belarus - Minsk sam 03 h 33
Belgium - Brussels sam 01 h 33
Bolivia - La Paz ven 20 h 33
Brazil - Distrito Federal - Brasilia * ven 22 h 33
Brazil - Rio de Janeiro - Rio de Janeiro * ven 22 h 33
Brazil - São Paulo - São Paulo * ven 22 h 33
Bulgaria - Sofia sam 02 h 33
Canada - Alberta - Calgary ven 17 h 33
Canada - Alberta - Edmonton ven 17 h 33
Canada - British Columbia - Vancouver ven 16 h 33
Canada - Manitoba - Winnipeg ven 18 h 33
Canada - Newfoundland and Labrador - St. John's ven 21 h 03
Canada - Nova Scotia - Halifax ven 20 h 33
Canada - Ontario - Ottawa ven 19 h 33
Canada - Ontario - Toronto ven 19 h 33
Canada - Quebec - Montreal ven 19 h 33
Chile - Santiago * ven 21 h 33
China - Beijing Municipality - Beijing sam 08 h 33
China - Shanghai Municipality - Shanghai sam 08 h 33
Colombia - Bogota ven 19 h 33
Congo Dem. Rep. - Kinshasa sam 01 h 33
Croatia - Zagreb sam 01 h 33
Cuba - Havana ven 19 h 33
Czech Republic - Prague sam 01 h 33
Denmark - Copenhagen sam 01 h 33
Dominican Republic - Santo Domingo ven 20 h 33
Egypt - Cairo sam 02 h 33
El Salvador - San Salvador ven 18 h 33
Estonia - Tallinn sam 02 h 33
Ethiopia - Addis Ababa sam 03 h 33
Fiji - Suva sam 12 h 33
Finland - Helsinki sam 02 h 33
France - Île-de-France - Paris sam 01 h 33
Germany - Berlin - Berlin sam 01 h 33
Germany - Hesse - Frankfurt sam 01 h 33
Ghana - Accra sam 00 h 33
Greece - Athens sam 02 h 33
Guatemala - Guatemala City ven 18 h 33
Honduras - Tegucigalpa ven 18 h 33
Hong Kong - Hong Kong sam 08 h 33
Hungary - Budapest sam 01 h 33
Iceland - Reykjavik sam 00 h 33
India - Delhi - New Delhi sam 06 h 03
India - Karnataka - Bengaluru sam 06 h 03
India - Maharashtra - Mumbai sam 06 h 03
India - West Bengal - Kolkata sam 06 h 03
Indonesia - Jakarta Special Capital Region - Jakarta sam 07 h 33
Iran - Tehran sam 04 h 03
Iraq - Baghdad sam 03 h 33
Ireland - Dublin sam 00 h 33
Israel - Jerusalem sam 02 h 33
Italy - Rome sam 01 h 33
Jamaica - Kingston ven 19 h 33
Japan - Tokyo sam 09 h 33
Jordan - Amman sam 02 h 33
Kazakhstan - Almaty sam 06 h 33
Kenya - Nairobi sam 03 h 33
Kiribati - Christmas Island - Kiritimati sam 14 h 33
Kuwait - Kuwait City sam 03 h 33
Lebanon - Beirut sam 02 h 33
Madagascar - Antananarivo sam 03 h 33
Malaysia - Kuala Lumpur sam 08 h 33
Mexico - Ciudad de México - Mexico City ven 18 h 33
Morocco - Casablanca sam 00 h 33
Myanmar - Yangon sam 07 h 03
Nepal - Kathmandu sam 06 h 18
Netherlands - Amsterdam sam 01 h 33
New Zealand - Auckland * sam 13 h 33
Nicaragua - Managua ven 18 h 33
Nigeria - Lagos sam 01 h 33
Norway - Oslo sam 01 h 33
Pakistan - Islamabad sam 05 h 33
Pakistan - Sindh - Karachi sam 05 h 33
Pakistan - Lahore sam 05 h 33
Paraguay - Asuncion * ven 21 h 33
Peru - Lima - Lima ven 19 h 33
Philippines - Manila sam 08 h 33
Poland - Warsaw sam 01 h 33
Portugal - Lisbon sam 00 h 33
Puerto Rico - San Juan ven 20 h 33
Qatar - Doha sam 03 h 33
Romania - Bucharest sam 02 h 33
Russia - Anadyr sam 12 h 33
Russia - Moscow sam 03 h 33
Saudi Arabia - Riyadh sam 03 h 33
Serbia - Belgrade sam 01 h 33
Singapore - Singapore sam 08 h 33
South Africa - Cape Town sam 02 h 33
South Africa - Johannesburg sam 02 h 33
South Korea - Seoul sam 09 h 33
Spain - Barcelona - Barcelona sam 01 h 33
Spain - Madrid sam 01 h 33
Sudan - Khartoum sam 03 h 33
Sweden - Stockholm sam 01 h 33
Switzerland - Zurich - Zürich sam 01 h 33
Taiwan - Taipei sam 08 h 33
Tanzania - Dar es Salaam sam 03 h 33
Thailand - Bangkok sam 07 h 33
Turkey - Ankara sam 03 h 33
Turkey - Istanbul sam 03 h 33
Ukraine - Kyiv sam 02 h 33
United Arab Emirates - Dubai - Dubai sam 04 h 33
United Kingdom - England - London sam 00 h 33
Uruguay - Montevideo ven 21 h 33
USA - Alaska - Anchorage ven 15 h 33
USA - Arizona - Phoenix ven 17 h 33
USA - California - Los Angeles ven 16 h 33
USA - California - San Francisco ven 16 h 33
USA - Colorado - Denver ven 17 h 33
USA - District of Columbia - Washington DC ven 19 h 33
USA - Florida - Miami ven 19 h 33
USA - Georgia - Atlanta ven 19 h 33
USA - Hawaii - Honolulu ven 14 h 33
USA - Illinois - Chicago ven 18 h 33
USA - Indiana - Indianapolis ven 19 h 33
USA - Louisiana - New Orleans ven 18 h 33
USA - Massachusetts - Boston ven 19 h 33
USA - Michigan - Detroit ven 19 h 33
USA - Minnesota - Minneapolis ven 18 h 33
USA - Nevada - Las Vegas ven 16 h 33
USA - New York - New York ven 19 h 33
USA - Pennsylvania - Philadelphia ven 19 h 33
USA - Texas - Dallas ven 18 h 33
USA - Texas - Houston ven 18 h 33
USA - Utah - Salt Lake City ven 17 h 33
USA - Washington - Seattle ven 16 h 33
Uzbekistan - Tashkent sam 05 h 33
Venezuela - Caracas ven 20 h 33
Vietnam - Hanoi sam 07 h 33
Zimbabwe - Harare sam 02 h 33

[Karartma1]

Timetable of the 2nd distribution in your country

MEGA snip

Was this really necessary? 

[greentea]

..snip ..

The next distribution will be releasing something like 1.5% if the linked BTC amount is similar to what was linked in the first round. 1.5% is just an estimation, as CryptKeeper said, the percentage depends (well 1% is sure) on the linked BTC amount at the time of the blockchain snapshot.

ok that's what I thought.

At this rate of 1.5% every month, it will be several years before the whole coin is distributed.

Is that really the plan?  I was assuming that BBs would be 100% distributed less than a year, I guess Im wrong then ...