Obyte: Totally new consensus algorithm + private untraceable payments

[ryvirath]

So the utilization of witnesses to choose a main chain would make this a delegated tangle or DDAG.

[adaseb]

Its like finding free money.

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

[tobsnn]

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]

Its like finding free money.

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

a good occurence !

[ArabMist]

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]

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

[CryptKeeper]

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

Good tweet, retweeted!

    

[CryptKeeper]

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.

[CryptKeeper]

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.

[vlom]

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.

[CryptKeeper]

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.

[vlom]

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]

Is there any exchange coming, other than cryptox ? I fear that exchanges wait for the last round of distribution before listing BB.

[Krypt]

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]

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]

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]

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]

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:

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]

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:

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]

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:

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.