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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1227685 times)
ryvirath
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February 10, 2017, 12:16:55 AM
 #4561

So the utilization of witnesses to choose a main chain would make this a delegated tangle or DDAG.
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adaseb
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February 10, 2017, 12:29:24 AM
 #4562

Its like finding free money.

Kind of like what happened with ETC to all the pre-fork ETH holders...


.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
tobsnn
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February 10, 2017, 12:52:43 AM
 #4563

So to get it right, all GB's in my wallet (even this I bought and withdrawaled) and all linked BTC addresses in Wallet bot from round #1 (+ GB's from round #1) will participate in round #2. Is this kinda correct?

estenity
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February 10, 2017, 02:48:02 AM
 #4564

Its like finding free money.

Kind of like what happened with ETC to all the pre-fork ETH holders...



a good occurence !
ArabMist
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February 10, 2017, 04:58:31 AM
 #4565

Will bytes and blackbytes show up in wallet at the time of snapshot or will there be a period of time in between? If so, are we talking minutes, hours or days?

Thanks in advance
pol5
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February 10, 2017, 07:21:49 AM
 #4566

  please support retweet. time to play in the Major Leagues    Wink   https://twitter.com/vasys174/status/829950592047075328     Make BYTEBALL Great Again    Cheesy
CryptKeeper
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February 10, 2017, 07:44:41 AM
 #4567

  please support retweet. time to play in the Major Leagues    Wink   https://twitter.com/vasys174/status/829950592047075328     Make BYTEBALL Great Again    Cheesy

Good tweet, retweeted!

 Cheesy  Cheesy  Cheesy

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
CryptKeeper
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February 10, 2017, 07:45:33 AM
 #4568

Will bytes and blackbytes show up in wallet at the time of snapshot or will there be a period of time in between? If so, are we talking minutes, hours or days?

Thanks in advance

On round #1 it took about 24 hrs for the bytes and a bit longer for the blackbytes to show up.

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
CryptKeeper
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February 10, 2017, 07:48:27 AM
 #4569

So to get it right, all GB's in my wallet (even this I bought and withdrawaled) and all linked BTC addresses in Wallet bot from round #1 (+ GB's from round #1) will participate in round #2. Is this kinda correct?

BTC addresses stay linked but you should consult the transition bot again if they still have a balance, because if you used one of those linked addresses in the meantime, their balance is probably moved to a change address.
The bytes in your wallet all receive the 0.1 new bytes, but for the new blackbytes you have to link one or more byte address. Simply follow the instructions of the transition bot.

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
vlom
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February 10, 2017, 07:49:52 AM
 #4570

i scanned the white paper. but there is still one thing i don't get. who gets the transactions fees? probably this is explained in the tech-parts that i don't untderstand. can someone give me a hint please which pages i have to read.
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February 10, 2017, 07:51:44 AM
 #4571

i scanned the white paper. but there is still one thing i don't get. who gets the transactions fees? probably this is explained in the tech-parts that i don't untderstand. can someone give me a hint please which pages i have to read.

AFAIK tx fees are spread among full wallet users and witnesses, don't know if this is mentioned in the whitepaper.

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
vlom
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February 10, 2017, 08:00:59 AM
 #4572

i think you know the current size of the entire Byteball database, do you? because i still was not able to install a full wallet i don't know. thank you.
Spratan
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February 10, 2017, 08:07:41 AM
 #4573

Is there any exchange coming, other than cryptox ? I fear that exchanges wait for the last round of distribution before listing BB.
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February 10, 2017, 08:24:49 AM
 #4574

So the utilization of witnesses to choose a main chain would make this a delegated tangle or DDAG.
So...  you do not read even tonich's answers?  Thank you for your valuable opinion.
Witnesses do not decide ordering of units.  Ordering is determined by the algorithm that looks back at the witnesses-authored units in the DAG.
Jeff Jefferson
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February 10, 2017, 08:41:24 AM
 #4575

So what exactly do I have to do to receive the new bb and bytes. I have a linked byteball address. But I have sent some bytes away from it. Is it enough to have all my bytes today evening back in the linked byteball address?
SatoNatomato
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February 10, 2017, 09:22:12 AM
 #4576

i think you know the current size of the entire Byteball database, do you? because i still was not able to install a full wallet i don't know. thank you.
It is about 650MB right now.

Witnesses get the transaction fees, my full node wallet hasnt received any meaningful amount of fees.
Come-from-Beyond
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February 10, 2017, 09:38:39 AM
 #4577

It is about 650MB right now.

Witnesses get the transaction fees, my full node wallet hasnt received any meaningful amount of fees.

I'd like to see that poor soul who chooses you as a witness...
vlom
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February 10, 2017, 09:44:32 AM
 #4578

i think you know the current size of the entire Byteball database, do you? because i still was not able to install a full wallet i don't know. thank you.
It is about 650MB right now.

Witnesses get the transaction fees, my full node wallet hasnt received any meaningful amount of fees.

thank you. i hope that i will be able so set up a full wallet on my raspberry as soon as i am back home an have access to it. but i have to admit, that i am a GUI-user and have to learn a lot.

to set up a full wallet. do i need to follow these steps?
https://github.com/byteball/byteball
i tried it with my macbook. but i was not able to launch the wallet.
i struggled here:
Quote
Then run Byteball desktop client:

/path/to/your/nwjs/nwjs

Or is this all only for building the light wallet?

i feel a bit ashamed to ask these questions....
SatoNatomato
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February 10, 2017, 10:08:20 AM
 #4579

i think you know the current size of the entire Byteball database, do you? because i still was not able to install a full wallet i don't know. thank you.
It is about 650MB right now.

Witnesses get the transaction fees, my full node wallet hasnt received any meaningful amount of fees.

thank you. i hope that i will be able so set up a full wallet on my raspberry as soon as i am back home an have access to it. but i have to admit, that i am a GUI-user and have to learn a lot.

to set up a full wallet. do i need to follow these steps?
https://github.com/byteball/byteball
i tried it with my macbook. but i was not able to launch the wallet.
i struggled here:
Quote
Then run Byteball desktop client:

/path/to/your/nwjs/nwjs


Or is this all only for building the light wallet?

i feel a bit ashamed to ask these questions....

No need to feel ashamed this is new to many here me too.

Ive seen someone mention writing a guide on running these components, relay hub witness and headless wallet, get in touch with them they are on slack, even just getting input from you what happens when you follow the guide would be very helpful.

Yes, the byteball/byteball is for building the full and light wallets and can build android app.

You can use on raspberry pi byteball/byteball-relay or -hub of you want to help the network. Headless-byteball if you want to send payments programmatically and also help network.
portabella
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February 10, 2017, 10:42:14 AM
 #4580

i think you know the current size of the entire Byteball database, do you? because i still was not able to install a full wallet i don't know. thank you.
It is about 650MB right now.

Witnesses get the transaction fees, my full node wallet hasnt received any meaningful amount of fees.

thank you. i hope that i will be able so set up a full wallet on my raspberry as soon as i am back home an have access to it. but i have to admit, that i am a GUI-user and have to learn a lot.

to set up a full wallet. do i need to follow these steps?
https://github.com/byteball/byteball
i tried it with my macbook. but i was not able to launch the wallet.
i struggled here:
Quote
Then run Byteball desktop client:

/path/to/your/nwjs/nwjs


Or is this all only for building the light wallet?

i feel a bit ashamed to ask these questions....

No need to feel ashamed this is new to many here me too.

Ive seen someone mention writing a guide on running these components, relay hub witness and headless wallet, get in touch with them they are on slack, even just getting input from you what happens when you follow the guide would be very helpful.

Yes, the byteball/byteball is for building the full and light wallets and can build android app.

You can use on raspberry pi byteball/byteball-relay or -hub of you want to help the network. Headless-byteball if you want to send payments programmatically and also help network.

The mentioned technical guide on running a byteball-hub is being written here https://www.gitlab.com/snippets/1548253

Have a look, follow it, and ask questions in the slack, the vision is the guide should be good enough to have a hub running on Linux in a short amount of time with high security.

You can join the byteball group on gitlab https://www.gitlab.com/byteball and contribute directly.
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