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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1227420 times)
zrunfeng
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January 25, 2017, 01:25:31 AM
 #3661

what is the next time for get free byteball?
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January 25, 2017, 02:18:25 AM
 #3662

what is the next time for get free byteball?

Feb 11
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January 25, 2017, 02:20:53 AM
 #3663

what is the next time for get free byteball?
As a @tonych said on OP the second round wll be take on the Full Moon of February, on February 11 at 00.33 UTC, if you not join on first round you just need to donwload the byteball wallet and linked your BTC address, but if you have byteball before you need to move it first and linked again your BTC address.
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January 25, 2017, 02:28:43 AM
 #3664

what is the next time for get free byteball?

Feb 11

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

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

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?



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January 25, 2017, 03:32:12 AM
 #3665

what is the next time for get free byteball?

Feb 11

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

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

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.
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January 25, 2017, 07:08:38 AM
 #3666

what is the next time for get free byteball?

Feb 11

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

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

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.

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Karartma1
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January 25, 2017, 07:13:59 AM
 #3667

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 Wink
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January 25, 2017, 07:31:00 AM
 #3668

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!  Grin

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!

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January 25, 2017, 08:00:21 AM
 #3669

Please join the Byteball slack:

- latest news and updates
- trading and auctions
- helpdesk

Get your invite here: slack.byteball.org

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January 25, 2017, 08:02:01 AM
 #3670

still traceable using byteball, the real untraceable is zcash
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January 25, 2017, 08:35:22 AM
 #3671

still traceable using byteball, the real untraceable is zcash
just use blackbytes.
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January 25, 2017, 08:36:19 AM
 #3672

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.
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January 25, 2017, 09:05:05 AM
 #3673

Thanks HI-TEC99 and CryptKeeper for clarification Smiley

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.
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January 25, 2017, 09:28:59 AM
 #3674

Thanks HI-TEC99 and CryptKeeper for clarification Smiley

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'.

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
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January 25, 2017, 09:55:00 AM
 #3675



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

Im currently running the old version. I cant find 'backup'.
zahra4577
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January 25, 2017, 12:01:57 PM
 #3676

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?

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January 25, 2017, 12:06:34 PM
 #3677

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?

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January 25, 2017, 12:35:25 PM
 #3678

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.  Smiley
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January 25, 2017, 02:21:03 PM
 #3679



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?

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January 25, 2017, 02:40:46 PM
 #3680

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.


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