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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1169402 times)
bitwonder
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February 03, 2017, 07:29:57 AM
 #4161

Is it more worthwhile to buy bytes now with BTC  or hold it for the distribution on Feb 11?
buy, distribution on Feb 11 only 1%
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altcoinrich
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February 03, 2017, 07:30:17 AM
 #4162

BB has a great market cap right now, almost $10M, the big milestone has been completed. Next target is to be listed on BITTREX, am I correct?
ArabMist
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February 03, 2017, 07:35:59 AM
Last edit: February 03, 2017, 09:04:41 AM by ArabMist
 #4163

BB has a great market cap right now, almost $10M, the big milestone has been completed. Next target is to be listed on BITTREX, am I correct?

Forget Bittrex, next goal is to hold for another month, and another, and another. Repeat until it hits 1btc : 1gb and exchange lists BB in MBs
Jeff Jefferson
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February 03, 2017, 08:23:48 AM
 #4164

The wise whale that bought huge amounts of byteball showed us that every GBB lower than 0.15 is cheap. I saw the signs and bought more.
ArabMist
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February 03, 2017, 09:08:25 AM
 #4165

The wise whale that bought huge amounts of byteball showed us that every GBB lower than 0.15 is cheap. I saw the signs and bought more.

A couple of sells at 0.078. That seems a bit foolish unless you're sat on a TB and wanted some chump change. The run up to the next distribution is going to be very interesting to say the least. One of the reasons why there are so few BB on the market (considering how many first rounders scooped up) is that they acquired them for free so why not hold? The technology is sound and as soon as some apps come out then it'll spread wide and far through cryptoland.
Ha5hedout
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February 03, 2017, 09:41:09 AM
 #4166

Does anybody know how to install byteball on ubuntu??  Wink
1. Download app for Linux
2. Extract
3. open terminal in extracted folder byteball-linux64
4. in terminal run command ./Byteball
5. installation GUI will pop up
6. Accept terms
7. Choose lightweight or full node (I recommend lightweight)
8. Done

Thank you, Worked a treat!!!  Grin
milik
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February 03, 2017, 09:52:21 AM
 #4167

I'm using Criptox and is going quick and perfect, thanks
Kryptowerk
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February 03, 2017, 10:09:39 AM
 #4168

For the german-speaking users: I created a step-by-step instruction on how to get Byteball.

Eine Schritt-für-Schritt Anleitung wie man als Bitcoinbesitzer Byteball bekommt.
Vielleicht für den einen oder anderen Anfänger interessant: http://imgur.com/a/O4Els

I wrote this "from memory", so if you find any errors, please tell me and I'll correct it.

||     Best crypto investment advice: Invest in your education. Watch Andreas Antonopoulos.     ||
||  My art projects: CRYPTO COSMOS: A Cryptocurrency Card Game  |  Monero XMR Postcards | Poster  | BTC postcardsThe Great Bitcoin Hatching: Massive artwork (limited metal plate print)  ||
||  Community Crypto Project: Bitcore BTX - hybrid fork with SegWit support and 10 MB blocks  ||
kola-schaar
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February 03, 2017, 10:11:40 AM
 #4169

When will be the next distribution of ByteBall?

Feb 11.

The snapshot will be taken on 11.02. at 0:33 UTC
I would strongly recommend to complete the linking till the 10th.

Christmas there was much fear and panic right before the deadline…
So don't be lazy, be prepared and make your homework.. . Wink
shinjikun
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February 03, 2017, 10:39:40 AM
 #4170

I don't think its safe to store bitcoins in an address that you already made a payment with.
If you do that your real public key is revealed and then it is possible to find out your private key and spend the bitcoins you have in that address.

How is it possible to get someones private key from his public key?
The idea behinde public-key-encryption is that this it not possible
tonych
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February 03, 2017, 11:40:20 AM
 #4171

Version 1.2.0 is released https://github.com/byteball/byteball/releases.
It includes ability to partially recover from seed:



As was said before, the seed doesn't allow to recover blackbytes because they are not stored on the public database.
Recovery works only in full wallets because it scans the local copy of the database for addresses generated from the seed.

To restore your bytes (but not blackbytes) from seed, you will need to download the wallet, choose "Full wallet", wait that it syncs and then go to the Recovery menu in Settings.

Also, a number of small bugs fixed in this release.

Simplicity is beauty
Limx Dev
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February 03, 2017, 11:43:25 AM
 #4172

Version 1.2.0 is released https://github.com/byteball/byteball/releases.
It includes ability to partially recover from seed:



As was said before, the seed doesn't allow to recover blackbytes because they are not stored on the public database.
Recovery works only in full wallets because it scans the local copy of the database for addresses generated from the seed.

To restore your bytes (but not blackbytes) from seed, you will need to download the wallet, choose "Full wallet", wait that it syncs and then go to the Recovery menu in Settings.

Also, a number of small bugs fixed in this release.

Great job tonych. Is this update mandatory?
tonych
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February 03, 2017, 11:44:56 AM
 #4173

Great job tonych. Is this update mandatory?

It is not mandatory but highly recommended.

Simplicity is beauty
SatoNatomato
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February 03, 2017, 11:46:03 AM
 #4174

BB has a great market cap right now, almost $10M, the big milestone has been completed. Next target is to be listed on BITTREX, am I correct?
Why do you say market cap when you can just say price?
coinzcoinzcoinz
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February 03, 2017, 11:57:02 AM
 #4175

New to Byteball; couple of questions that I couldnt figure out myself:

1) what is the difference between bytes and blackbites? Why are there 2 tokens?
2) On Coinmarketcap it says available supply: 100,000 GByte. Why is it called Gbyte there and not bytes?
3) The total supply on Coinmarketcap (100,000), is that the eventual total supply (all coins that will ever exist), or is it the current total supply (10% of the eventual coin supply -- the coins that were released in the first distribution round)?

Thanks!
kola-schaar
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February 03, 2017, 12:14:57 PM
 #4176

Version 1.2.0 is released https://github.com/byteball/byteball/releases.
It includes ability to partially recover from seed:
...

THX Tony

thanks for 1.1.0 and a feature request:

I like to keep my cryptocoin data directories on an encrypted drive, so it would be nice if byteball was flexible in where it puts it's data directory.
A start paramater like bitcoin's -datadir=... would be just fine for a start.


Yeah thats nice but I guess you could always crate a symlink from ~/.config/byteball to where you want it to be, until the "feature-request" is fulfilled.

I would recommend this too.
If someone still wants to implement -datadir option, we accept pull requests in our github repo https://github.com/byteball/byteball.

You are always so incredibly fast in the development - crazy.  Shocked
I get scared of what you would do with a good developer team..
SatoNatomato
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February 03, 2017, 12:47:42 PM
 #4177

New to Byteball; couple of questions that I couldnt figure out myself:

1) what is the difference between bytes and blackbites? Why are there 2 tokens?
2) On Coinmarketcap it says available supply: 100,000 GByte. Why is it called Gbyte there and not bytes?
3) The total supply on Coinmarketcap (100,000), is that the eventual total supply (all coins that will ever exist), or is it the current total supply (10% of the eventual coin supply -- the coins that were released in the first distribution round)?

Thanks!
1) Bytes is the main currency of the Byteball network, is the currency fees are paid in. Blackbytes are a defined asset which can be used for private untraceable exchange of said currency, blackbytes only paying the network fee in bytes.

2) Gbyte because its easier to say and spell out than whole 100 000 000 000, like we use MegaBytes, KiloBytes etc, standard SI notation.

3) Dunno the first post says something about 10^15 total supply, 10% of that is distributed. 
coinzcoinzcoinz
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February 03, 2017, 01:09:25 PM
 #4178

New to Byteball; couple of questions that I couldnt figure out myself:

1) what is the difference between bytes and blackbites? Why are there 2 tokens?
2) On Coinmarketcap it says available supply: 100,000 GByte. Why is it called Gbyte there and not bytes?
3) The total supply on Coinmarketcap (100,000), is that the eventual total supply (all coins that will ever exist), or is it the current total supply (10% of the eventual coin supply -- the coins that were released in the first distribution round)?

Thanks!
1) Bytes is the main currency of the Byteball network, is the currency fees are paid in. Blackbytes are a defined asset which can be used for private untraceable exchange of said currency, blackbytes only paying the network fee in bytes.

2) Gbyte because its easier to say and spell out than whole 100 000 000 000, like we use MegaBytes, KiloBytes etc, standard SI notation.

3) Dunno the first post says something about 10^15 total supply, 10% of that is distributed.  
Thanks for the answers! Can someone clarify the current total supply (final total supply-90%) and the final supply (current total supply+90%)? 10^15 can't be right?! Thanks!
crypt0hash
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February 03, 2017, 01:19:20 PM
 #4179

New to Byteball; couple of questions that I couldnt figure out myself:

1) what is the difference between bytes and blackbites? Why are there 2 tokens?
2) On Coinmarketcap it says available supply: 100,000 GByte. Why is it called Gbyte there and not bytes?
3) The total supply on Coinmarketcap (100,000), is that the eventual total supply (all coins that will ever exist), or is it the current total supply (10% of the eventual coin supply -- the coins that were released in the first distribution round)?

Thanks!
1) Bytes is the main currency of the Byteball network, is the currency fees are paid in. Blackbytes are a defined asset which can be used for private untraceable exchange of said currency, blackbytes only paying the network fee in bytes.

2) Gbyte because its easier to say and spell out than whole 100 000 000 000, like we use MegaBytes, KiloBytes etc, standard SI notation.

3) Dunno the first post says something about 10^15 total supply, 10% of that is distributed.  
Thanks for the answers! Can someone clarify the current total supply (final total supply-90%) and the final supply (current total supply+90%)? 10^15 can't be right?! Thanks!
There are a total of 1000000 giga bytes. 100000 was distributed.
starik69
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February 03, 2017, 02:37:17 PM
 #4180


As was said before, the seed doesn't allow to recover blackbytes because they are not stored on the public database.
Recovery works only in full wallets because it scans the local copy of the database for addresses generated from the seed.

To restore your bytes (but not blackbytes) from seed, you will need to download the wallet, choose "Full wallet", wait that it syncs and then go to the Recovery menu in Settings.

Also, a number of small bugs fixed in this release.
Can something be done to store bb not in full database but in some sort of backup file that can be imported into a wallet? Huh
Or this is on purpose - to store gbb you will need gb on hd as database grows? Wink
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