Obyte: Totally new consensus algorithm + private untraceable payments

[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 ...

[yvv]

..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 ...

Distribution plan is not set in stone yet. Dev still tries to find a compromise between fast and wide distribution.

[jwinterm]

...
Distribution plan is not set in stone yet. Dev still tries to find a compromise between fast and wide distribution.

This is quite a tricky problem. On the one hand, you want to spread distribution over as long a timeframe as possible to allow more people to participate.

On the other hand, the longer it is drawn out, the longer tonych is sitting on 90, 80, 70, 60, 50% of the total coin supply. It's hard to be taken seriously as a currency when one guy owns 90% of the total money supply (even if he promises to give them away for free at some vaguely specified later date). So, from this perspective I think you want to distribute coins as quickly as possible to eliminate the uncertainty associated with one person holding almost all the coins (whether he intentionally after maliciously and dumped the coins or I believe his identity is public so someone could steal or rob him off the coins).

[cryptohunter]

If you linked your btc in round 1 and got your BB but have not touched your BB or BTC since have you got to do anything to receive BB in future rounds or not?

[CryptKeeper]

If you linked your btc in round 1 and got your BB but have not touched your BB or BTC since have you got to do anything to receive BB in future rounds or not?

Tony said no, but I would recommend to have a chat with the transition bot to check if everything is linked correctly and that you have balance on your bitcoin address(es)!

[22naru]

...
Distribution plan is not set in stone yet. Dev still tries to find a compromise between fast and wide distribution.

This is quite a tricky problem. On the one hand, you want to spread distribution over as long a timeframe as possible to allow more people to participate.

On the other hand, the longer it is drawn out, the longer tonych is sitting on 90, 80, 70, 60, 50% of the total coin supply. It's hard to be taken seriously as a currency when one guy owns 90% of the total money supply (even if he promises to give them away for free at some vaguely specified later date). So, from this perspective I think you want to distribute coins as quickly as possible to eliminate the uncertainty associated with one person holding almost all the coins (whether he intentionally after maliciously and dumped the coins or I believe his identity is public so someone could steal or rob him off the coins).

so for now,  next step what the team BB / tonych need to do is to put all the BB in an trusted escrow ...this will  be a big win for all. tonych will be more  trusted and he can finish distribution without losing/dumping/etc. the coins and big exchanges will jump in to add BB for trade without the fear of dumping or what else tonych can do,
i would like to hear more ideas about this subject.
cheers and keep doing  a great work  TEAM BB.

[cryptohunter]

If you linked your btc in round 1 and got your BB but have not touched your BB or BTC since have you got to do anything to receive BB in future rounds or not?

Tony said no, but I would recommend to have a chat with the transition bot to check if everything is linked correctly and that you have balance on your bitcoin address(es)!

thanks will do..

[ArabMist]

...
Distribution plan is not set in stone yet. Dev still tries to find a compromise between fast and wide distribution.

This is quite a tricky problem. On the one hand, you want to spread distribution over as long a timeframe as possible to allow more people to participate.

On the other hand, the longer it is drawn out, the longer tonych is sitting on 90, 80, 70, 60, 50% of the total coin supply. It's hard to be taken seriously as a currency when one guy owns 90% of the total money supply (even if he promises to give them away for free at some vaguely specified later date). So, from this perspective I think you want to distribute coins as quickly as possible to eliminate the uncertainty associated with one person holding almost all the coins (whether he intentionally after maliciously and dumped the coins or I believe his identity is public so someone could steal or rob him off the coins).

so for now,  next step what the team BB / tonych need to do is to put all the BB in an trusted escrow ...this will  be a big win for all. tonych will be more  trusted and he can finish distribution without losing/dumping/etc. the coins and big exchanges will jump in to add BB for trade without the fear of dumping or what else tonych can do,
i would like to hear more ideas about this subject.
cheers and keep doing  a great work  TEAM BB.

There may be some intention to keep byteball away from the main exchanges so holding them at this point it time would fit in with that thinking if true.

I'm happy with a long distribution but if it was an automated process via smart contract or otherwise so no skullduggery or collusion could be realised,  people may feel better.

[forzendiablo]

BB needs some serious exchange

[str4wm4n]

BB needs some serious exchange

This is true but have patience...

If Poloniex links their wallet account in any of the remaining distribution rounds it's game on!

Look at what happened with Pascal coin...10,000% increase in a few months? Just from the "Polo Effect"

[ArabMist]

BB needs some serious exchange

This is true but have patience...

If Poloniex links their wallet account in any of the remaining distribution rounds it's game on!

Look at what happened with Pascal coin...10,000% increase in a few months? Just from the "Polo Effect"

Could polo take out the whole of the remaining distribution if they linked their wallet or would there be a cap for each round?

[CryptKeeper]

What the hell is GBB or GB White or GB Black? 

Byte is the native currency on the crypto platform Byteball.

The units are BYTE, KB (kilobyte), MB (megabyte) and GB (Gigabyte).

Blackbyte is an asset on Byteball for private, untraceable payments.

The units are the same as with Bytes, but they have a trailing 'B': KBB, MBB, GBB

Some people call the Bytes 'white balls', that's funny but not correct.

[yvv]

BB needs some serious exchange

Let's bring liquidity to internal exchange.

[yvv]

I'm happy with a long distribution but if it was an automated process via smart contract or otherwise so no skullduggery or collusion could be realised,  people may feel better.

It would be wonderfull if it was that simple to be coded into a smart contract. May be tonych will come up with some idea after few rounds, who knows.

[topesis]

BB needs some serious exchange

If poloniex can list Pacalcoin on its exchange, then it is time for Byteball team to approach Poloniex, I'm not sure of the criteria they use to list project because is not open to the public, I just believe if Byteball developers approach them in a gentleman, Poloniex will agree to list it. The trade volume is very low presently