Obyte: Totally new consensus algorithm + private untraceable payments

[kaicrypzen]

"The 3rd and subsequent rounds (yet to be announced) will follow similar rules, but the relative weight of bytes vs. BTC in the 3rd and further rounds will change and will gradually increase to 1 BTC=62.5 MB. "

You stated this in the original post.
But isn't the second round already 1BTC=62.5MB , so how can it increase to that in further rounds ?

Actually, for the second round 1 BTC is equivalent to 625 MB because 1 BTC gives 62.5 MB, the same as 625 MB would give. In the subsequent rounds, bytes weight will increase (BTC weight will decrease) until 1 BTC grants the same as 62.5 MB. I agree the sentence in the opening post is a bit ambiguous though.

[pwpwpw]

I want to backup but don't know where exactly is the wallet file, anyone knows?

Back up your seed (device settings > backup) and your data directory, its location depends on you operating system, check this link out for the exact location: https://github.com/byteball/byteball#byteball-backups-and-recovery.

There is a file byteball.sqlite in the appdata\local\byteball which is 315MB currently, that must be the DAG, do I need to back that up too or only the user data (about 35MB) ?

[johny08]

Hi,i have got a question.
Why receive adress is diffrent between my insert adress?
Which adress should i pay BTC?

Thanks a lot

The addresses belong to your wallet.

[kaicrypzen]

There is a file byteball.sqlite in the appdata\local\byteball which is 315MB currently, that must be the DAG, do I need to back that up too or only the user data (about 35MB) ?

byteball.sqlite contains data about your wallets, addresses, transactions, paired devices and other stuff, check it out if you can and see what's there . This file should definitely be backed up.

In the first round I received about 1.3Gbyte for each 1BTC linked.

In the second round I should expect 62.5MB for each 1BTC linked, which is about x20 times lower..

right?

Yes, that's right.

[str4wm4n]

Wait I thought I under stood this but I'm a bit confused now...

How any MB will be given for 10 BTC linked in the 2nd round?

[zanzibar]

Wait I thought I under stood this but I'm a bit confused now...

How any MB will be given for 10 BTC linked in the 2nd round?

62.5mb/1BTC linked

[Limx Dev]

Wait I thought I under stood this but I'm a bit confused now...

How any MB will be given for 10 BTC linked in the 2nd round?

0,625 GB or 625 MB

[str4wm4n]

Thanks I just misread "Actually, for the second round 1 BTC is equivalent to 625 MB because 1 BTC gives 62.5 MB, the same as 625 MB would give."

Makes sense to me now.

[CryptKeeper]

Thanks I just misread "Actually, for the second round 1 BTC is equivalent to 625 MB because 1 BTC gives 62.5 MB, the same as 625 MB would give."

Makes sense to me now.

On a side note:
You can also buy 16.66 GB with your 1 BTC now and get 10% as bonus on top from the distribution! 😄

[ginky]

Any news about poloniex listing? One exchange isn't serious

[pwpwpw]

Thanks I just misread "Actually, for the second round 1 BTC is equivalent to 625 MB because 1 BTC gives 62.5 MB, the same as 625 MB would give."

Makes sense to me now.

what? 625 = 62.5 how did that make sense ?

[mishax1]

Any news about poloniex listing? One exchange isn't serious

It will get enough userbase after the next distribution , I believe that will bring some attention from polo..

[jacaf01]

I'm just curious to know why developer decided to give out the tokens out free and not go for ICO funding also how is he going to get fund to keep sustaining the platform and scale the project.

[tonych]

Any info on who the twelve validating witnesses are atm? I'm assuming they're just twelve servers being run by tonych, but curious if there is any more info available.

You are right I'm still running all 12 witnesses myself.
You shouldn't say "validating witnesses" - witnesses are validating exactly as much as any other full node.

[tonych]

Can I send the micropayment from a jaxx wallet to prove my btc balance?

JAXX used HD Wallets as far as I know, so no. Use Electrum and sign and message might be the easiest way.

There is nothing wrong with HD as long as the private keys are controlled by you (the user).

[mishax1]

I'm just curious to know why developer decided to give out the tokens out free and not go for ICO funding also how is he going to get fund to keep sustaining the platform and scale the project.

Do you mean like other anonymous devs that come up with a brand new and special coin and try to collect $50m ?

[kaicrypzen]

Thanks I just misread "Actually, for the second round 1 BTC is equivalent to 625 MB because 1 BTC gives 62.5 MB, the same as 625 MB would give."

Makes sense to me now.

what? 625 = 62.5 how did that make sense ?

Where do you see 625 = 62.5 ?

In the second round:

1 byte will grant 0.1 byte => 625 MB will grant 62.5 MB.
1 BTC will grant 62.5 MB.

=> 1 BTC and 625 MB grant the same amount, which is 62.5 MB => 1 BTC has the same weight as 625 MB.

[pwpwpw]

Thanks I just misread "Actually, for the second round 1 BTC is equivalent to 625 MB because 1 BTC gives 62.5 MB, the same as 625 MB would give."

Makes sense to me now.

what? 625 = 62.5 how did that make sense ?

Where do you see 625 = 62.5 ?

In the second round:

1 byte will grant 0.1 byte => 625 MB will grant 62.5 MB.
1 BTC will grant 62.5 MB.

=> 1 BTC and 625 MB grant the same amount, which is 62.5 MB => 1 BTC has the same weight as 625 MB.

it was confusing about the BB you already have vs what you gonna get. I get it now.

[jacaf01]

I'm just curious to know why developer decided to give out the tokens out free and not go for ICO funding also how is he going to get fund to keep sustaining the platform and scale the project.

Do you mean like other anonymous devs that come up with a brand new and special coin and try to collect $50m ?

It does not necessarily mean anonymous developer, what I'm really trying to ask is how is this project funded, because I can see alot of people have bought into it already maybe is because of the freebies

[grzem]

I'm really trying to ask is how is this project funded, because

Did you heard about Bitcoin?