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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1218599 times)
davidoski
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February 05, 2017, 10:35:03 AM
 #4301

At the current exchange rate tonych on 11FEB will give for free around $1 million to all interested. Can you imagine?

If anybody would do such thing in fiat money it would be in all news around the world.

You are right! When this project will hit the top ten on Coin Market Cap you'll start seeing fire everywhere!
Do you know what's funny? Banks are able to create money like this: money from money!
Crypto is showing that we can do the same and create value and wealth for out own.

And all that without any debt (slavery)!
I wonder if it would be possible to create POS crypto (like byteball) and internal distribution model without the need of outside intervention (like tonych's nowadays distributing coins). I mean coins would be created at a defined small inflation rate and distributed between active nodes. Wouldn't that be a perfect crypto?

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SatoNatomato
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February 05, 2017, 10:46:30 AM
 #4302

Could a kind soul please tell me how to make a backup of the full wallet in linux?

And another one to be clear: if i link a btc address to the 2nd round of distribution and dont move the btc from it, will i automatically receive the next distribution´s rewards automatically in my byteball wallet?


To backup on Linux:

tar -cvjf" ~/byteball.backup_$(date +%s).tar.bz2" ~/.config/byteball

or when your Byteball process/wallet is off, cp -varp ~/.config/byteball ~/byteball_backup_$(date +%s)
As long as you have bitcoins on your linked address, the link remain and you will receive in other rounds too. So link once, dont move bitcoins, profit.
Stratosf43ric
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February 05, 2017, 10:47:04 AM
 #4303

And another one to be clear: if i link a btc address to the 2nd round of distribution and dont move the btc from it, will i automatically receive the next distribution´s rewards automatically in my byteball wallet?

it seems so.

but anyway, recheck the connection between btc and bb before each dist round.

Thank you! Still couldn´t find the file to copy as backup. What is it named in Windows?
escapefrom3dom
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February 05, 2017, 10:50:22 AM
 #4304

And another one to be clear: if i link a btc address to the 2nd round of distribution and dont move the btc from it, will i automatically receive the next distribution´s rewards automatically in my byteball wallet?

it seems so.

but anyway, recheck the connection between btc and bb before each dist round.

Thank you! Still couldn´t find the file to copy as backup. What is it named in Windows?

for win10:
C:\Users\UserName\AppData\Local\byteball

u can check the correct folder by these steps:
open ur wallet → settings (global preferences) → backup → there will be a full path to bb data folder which u need to backup.
 

Stratosf43ric
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February 05, 2017, 10:55:01 AM
 #4305

Could a kind soul please tell me how to make a backup of the full wallet in linux?

And another one to be clear: if i link a btc address to the 2nd round of distribution and dont move the btc from it, will i automatically receive the next distribution´s rewards automatically in my byteball wallet?


To backup on Linux:

tar -cvjf" ~/byteball.backup_$(date +%s).tar.bz2" ~/.config/byteball

or when your Byteball process/wallet is off, cp -varp ~/.config/byteball ~/byteball_backup_$(date +%s)
As long as you have bitcoins on your linked address, the link remain and you will receive in other rounds too. So link once, dont move bitcoins, profit.

Ok, thank you very much! I had the wallet on and couldn´t see anything for backup in .config.
Stratosf43ric
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February 05, 2017, 10:58:10 AM
 #4306

And another one to be clear: if i link a btc address to the 2nd round of distribution and dont move the btc from it, will i automatically receive the next distribution´s rewards automatically in my byteball wallet?

it seems so.

but anyway, recheck the connection between btc and bb before each dist round.

Thank you! Still couldn´t find the file to copy as backup. What is it named in Windows?

for win10:
C:\Users\UserName\AppData\Local\byteball

u can check the correct folder by these steps:
open ur wallet → settings (global preferences) → backup → there will be a full path to bb data folder which u need to backup.
 

Oh wow! How could i miss that! It´s in the wallet easily. It was the first thing i tried but i failed to scroll down a little bit. Thank you very much! I just like more the writing of the seed.
DomainMagnate
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February 05, 2017, 11:05:05 AM
 #4307

when is new snapshot ? was it today ?

No, snapshot for round #2 is on feb-11 00:33 UTC!
What do one need to do to participate in snapshot?Do we get free byteballs for linking our bitcoin wallet to byteball?
How much byteball one gets per 1 btc linked to byteball?
davidoski
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February 05, 2017, 11:06:30 AM
 #4308

I love those nob questions...

Chancellor on brink of second bailout for banks
escapefrom3dom
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February 05, 2017, 11:11:23 AM
 #4309

when is new snapshot ? was it today ?

No, snapshot for round #2 is on feb-11 00:33 UTC!
What do one need to do to participate in snapshot?Do we get free byteballs for linking our bitcoin wallet to byteball?
How much byteball one gets per 1 btc linked to byteball?

it's all written on https://byteball.org/

look at Fair initial distribution.

Stratosf43ric
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February 05, 2017, 11:18:01 AM
 #4310

Take care and backup too, seed is not enough for this coin as per the wallet warning!
HomoHenning
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February 05, 2017, 11:25:03 AM
 #4311

exchange bot is asking for "Waiting for your payment. If you want to start another exchange, see the current rates or set your price."
I dont know the payment address any more. and I think there is no way to let the bot say it agaon or?

Try to put in your byte address again (the menue with 3 dots on the lower left), then the bot should start again.
thanks worked
freezal
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February 05, 2017, 11:38:26 AM
 #4312

I meant to say that when you receive the asset you receive all its past historic data, like today I think. You'd receive the whole thing unencrypted from the sender.
Then you'd encrypt it with a seed generated new key of yours  and save everything back as a payload in the public DAG (forget about compression as this data probably shouldn't compress well anyway, addresses, signatures, etc.).
When it comes time to send these tokens to someone, your wallet would have retrieved it from the DAG, unencrypt it with you key (calculated from your seed), maybe save it in your local database (which now function as a local cache) as it does today, generate the new transaction and send it to the counterpart using the same mechanism as it does today. Then the process would repeat all over again by the new receiver.
Note that after each transaction reaches finality state, the payload of the previous transaction could somehow be pruned as not needed. As today any owner of a token could only access previous history of it and wouldn"t be allowed to see future transactions.

I see what you mean, the data to be stored would be huge (megabytes) in this case.  The pruning part is not trivial too, because 3rd-party nodes don't know what data is already not needed.

Yes, I see. Thank you.
lizidev
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February 05, 2017, 12:13:34 PM
 #4313


Transition bot temporarily down?

I'm getting [internal] connection closed when I try chatting with the bot.

It was, there was a limit of 100 simultaneous connections.


How to solve this problem, I can not send
HomoHenning
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February 05, 2017, 12:37:25 PM
Last edit: February 05, 2017, 12:51:39 PM by HomoHenning
 #4314

regarding current price: Do you really think somebody would store 1 GB for 100 dollar? I mean I can get a 2 TB harddrive for this amount
HomoHenning
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February 05, 2017, 12:42:07 PM
 #4315

sooner or later, byteball will become a top10 coin.
just need some exchange platform to support.

when i post, byteball only have a 2000BTC marketcap, right now it's 9300BTC.


so still a long way to go until byteball reach top 10 coin.

3 projects in 2017:
Byteball/Qtum/Elastic

(1) Byteball: DAG
(2)Qtum:Bitcoin+EVM+POS3.0
(3)Elastic is better than Golem

Sorry to thread jack but please explain succinctly why Elastic is better than Golem?

sorry to post here: https://bitcointalk.org/index.php?topic=1396233.3660
XEL will become a top20 coin. after you read it, you know the reason.


in few weeks, byteball will be a top 20 coin.



I like the words you said bb is a top 20 coin, but elastic has no way to be compared with golem, elastic had ico half year ago, and still released nothing, I think it wpn't release in this year, maybe they will cancel the project until the fund is void.
lol main dev of elastic is working on it the whole last year...there where several test nets... End of this month will be the final release with supernode feature. golem does not even have a proof of concept / test net or near term release date.
superresistant
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February 05, 2017, 12:42:33 PM
Last edit: February 05, 2017, 12:59:35 PM by superresistant
 #4316

 
I've been looking for days and did not find it.
What was the conversion rate at the first snapshot please ?
I mean the exact amount of bytes we've got per BTC linked.

EDIT : Thx freigeist
spark.bet
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February 05, 2017, 12:55:51 PM
 #4317

At the current exchange rate tonych on 11FEB will give for free around $1 million to all interested. Can you imagine?

If anybody would do such thing in fiat money it would be in all news around the world.

You are right! When this project will hit the top ten on Coin Market Cap you'll start seeing fire everywhere!
Do you know what's funny? Banks are able to create money like this: money from money!
Crypto is showing that we can do the same and create value and wealth for out own.

And all that without any debt (slavery)!
I wonder if it would be possible to create POS crypto (like byteball) and internal distribution model without the need of outside intervention (like tonych's nowadays distributing coins). I mean coins would be created at a defined small inflation rate and distributed between active nodes. Wouldn't that be a perfect crypto?

With the PosP of CryptoBullion would be top
freigeist
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February 05, 2017, 12:57:59 PM
 #4318


I've been looking for days and did not find it.
What was the conversion rate at the first snapshot please ?
I mean the exact amount of bytes we've got per BTC linked.

You can see here:
http://transition.byteball.org/firstround.html

spark.bet
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February 05, 2017, 01:08:04 PM
 #4319


I've been looking for days and did not find it.
What was the conversion rate at the first snapshot please ?
I mean the exact amount of bytes we've got per BTC linked.

EDIT : Thx freigeist

The number of linked btc was similar.
Normally they hit 1.4 gbyte by btc
realbigs21024
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February 05, 2017, 01:18:57 PM
 #4320

can someone please send me one so i can see if my wallet is good to go # KWGIYJOT4AHXTEJQUGFDTO3R4XDEKZOO       thanks
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