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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1219084 times)
escapefrom3dom
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February 10, 2017, 12:00:42 PM
 #4601

0.62Mbyte= ?  Gbyte       ,,,why  the second  round  distribution is so little?  how many 1btc can get  in the first round ?

0.62 Mb == 0.62x10^-3 Gb == 0.00062 Gb

first round info:
http://transition.byteball.org/firstround.html
0.70663132 btc/Gb

why the second round distribution is so little?
dev's decision + there are many nonzero bb balances that also participate in distribution.
But it is 62.5MB not 0.625MB.

That is 0.062GB, bot 0.0006...

yes,,, it is less than  1/10 fhe frist round ,,what the dev is doing ?

maybe it's because of

For the bytes you hold on February 11 you receive 0.1 new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.
You also receive 0.21111 blackbytes for each 1 byte of your balance on the linked Byteball addresses.


i. e. in 2nd round u can get 10% only of ur current bb balance + additional 21% of blackbb.
and it's quite enough.
that is what the particpant of first round can get ,,,what for the first time to particapate the second round ,,,means  unfair

no, u got it wrong since u can simply buy necessary amount of bb without 1st round.

and all these bought bb will give u additional 10% bb and 21% blackbb.
are  you kiding ,,,in the first round  you can get 1.4 Gbyte/btc,   second round 0.0625Gbyte/btc,     this is the main difference ,,I will never buy an unfair distribution coin,,because it is the coin for the first round participants

got ur point but some opportunities are only available to the first participants.

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cybterpunk
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February 10, 2017, 12:12:45 PM
 #4602

Total balance linked: 102774.30223170 BTC * Transition rate: 0.0625 gigabyte/BTC=6423GB  will be distributed.
last round byteball 100000GB, equal to 160000BTC, 160000BTC*0.0625GB/BTC=10000GB will be distributed

so this round about 16000GB will be distributed, that's like 1.6% will be distributed in the second round. about 116000GB after second distribution


in the third round, the total byteball will be 116000 GB in circulation, and will get another 116000GB + bitcoin's new GB (maybe another 8000GB)

so 20000GB in Byte in 3rd distribution, so totally will be 132000GB after the third round distribution

the inflation rate maybe 2%-9% per 15 days in different round...

so my estimation is it will take 10 times-20 times to distribute all the left byteball, that means it will take about less one year to distribute all byteball.
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February 10, 2017, 12:15:59 PM
 #4603

Total balance linked: 102774.30223170 BTC * Transition rate: 0.0625 gigabyte/BTC=6423GB  will be distributed.
last round byteball 100000GB, equal to 160000BTC, 160000BTC*0.0625GB/BTC=10000GB will be distributed

so this round about 16000GB will be distributed, that's like 1.6% will be distributed in the second round. about 116000GB after second distribution


in the third round, the total byteball will be 116000 byte in circulation, and will get another 116000GB + bitcoin's new byte (maybe another 8000GB)

so 20000GB in Byte in 3rd distribution, so totally will be 132000GB after the third round distribution

the inflation rate maybe 2% per 15 days...

so it will take long time to distribute the total byteball.

2% doesn't matter because current fluctuations are far above.

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February 10, 2017, 12:26:26 PM
 #4604

Total balance linked: 102774.30223170 BTC * Transition rate: 0.0625 gigabyte/BTC=6423GB  will be distributed.
last round byteball 100000GB, equal to 160000BTC, 160000BTC*0.0625GB/BTC=10000GB will be distributed

so this round about 16000GB will be distributed, that's like 1.6% will be distributed in the second round. about 116000GB after second distribution


in the third round, the total byteball will be 116000 GB in circulation, and will get another 116000GB + bitcoin's new GB (maybe another 8000GB)

so 20000GB in Byte in 3rd distribution, so totally will be 132000GB after the third round distribution

the inflation rate maybe 2%-9% per 15 days in different round...

so my estimation is it will take 10 times-20 times to distribute all the left byteball, that means it will take about less one year to distribute all byteball.

If nobody linked btc, it would take a couple of years. With btc linked it will be faster. A reasonable rate imo. And full moon makes it lucky Smiley


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February 10, 2017, 12:33:21 PM
 #4605

0.62Mbyte= ?  Gbyte       ,,,why  the second  round  distribution is so little?  how many 1btc can get  in the first round ?

0.62 Mb == 0.62x10^-3 Gb == 0.00062 Gb

first round info:
http://transition.byteball.org/firstround.html
0.70663132 btc/Gb

why the second round distribution is so little?
dev's decision + there are many nonzero bb balances that also participate in distribution.
But it is 62.5MB not 0.625MB.

That is 0.062GB, bot 0.0006...

yes,,, it is less than  1/10 fhe frist round ,,what the dev is doing ?

maybe it's because of

For the bytes you hold on February 11 you receive 0.1 new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.
You also receive 0.21111 blackbytes for each 1 byte of your balance on the linked Byteball addresses.


i. e. in 2nd round u can get 10% only of ur current bb balance + additional 21% of blackbb.
and it's quite enough.
that is what the particpant of first round can get ,,,what for the first time to particapate the second round ,,,means  unfair

no, u got it wrong since u can simply buy necessary amount of bb without 1st round.

and all these bought bb will give u additional 10% bb and 21% blackbb.
So what can give you more bb,buying them and then linking or just linking our btc wallet?
Where can on buy bb btw?I think it is not available on exchange yet.
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February 10, 2017, 12:40:28 PM
 #4606

how can we see how many byteball been linked ?

i never moved my byteball.

i hold about 1000GB byteball for long time.
happy new year! Smiley

3 coins is very interesting.  byteball/elastic XEL/ Qtum/

will hold my 700BTC shares byteball for one year.

700 BTC shares byteball?  We got a whale in the house!  Cheesy

But yes, it's good to hold byteball for now... I'm curious what will happen with black byteballs.



Coinmarketcap gives 1,499 BTC as the market cap for all the byteballs distributed. I doubt anyone was given 700 BTC worth, that's almost half of all byteballs distributed. It would require linking approximately 30000 BTC to get that number of byteballs from the distribution.
Explorer shows that your bb address contains 1012588898911 bytes:

https://explorer.byteball.org/#N5M2V4ZV3GWBRIGPHKOIVFI54UHDDDGC

not half marketcap..

about 1012588898911 Smiley

byteball will be popular!

i will hold and buy BTC/Byteball/Qtum/elastic XEL  in 2017.


seems no blackbyte in my wallet?

i got 1012588898911 bytes in my wallet. how many Gbyte i have ?  i will hold it forever.

Also after this round link.. how many new byte will i receive based on my old byte?
thank you



Welcome Byteball whale!  Grin

You're hodling 1012.5888 GB right now and should have another 2137.6764 GBB (Gigablackbytes) in your wallet, congrats!

thank you! do not worry, i will not sell any byteball for BTC, until byteball become a top 10 coin with a 100000BTC marketcap.
hopefully this will be happen in 2017.

running farm worldwide
escapefrom3dom
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February 10, 2017, 12:46:27 PM
 #4607

0.62Mbyte= ?  Gbyte       ,,,why  the second  round  distribution is so little?  how many 1btc can get  in the first round ?

0.62 Mb == 0.62x10^-3 Gb == 0.00062 Gb

first round info:
http://transition.byteball.org/firstround.html
0.70663132 btc/Gb

why the second round distribution is so little?
dev's decision + there are many nonzero bb balances that also participate in distribution.
But it is 62.5MB not 0.625MB.

That is 0.062GB, bot 0.0006...

yes,,, it is less than  1/10 fhe frist round ,,what the dev is doing ?

maybe it's because of

For the bytes you hold on February 11 you receive 0.1 new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.
You also receive 0.21111 blackbytes for each 1 byte of your balance on the linked Byteball addresses.


i. e. in 2nd round u can get 10% only of ur current bb balance + additional 21% of blackbb.
and it's quite enough.
that is what the particpant of first round can get ,,,what for the first time to particapate the second round ,,,means  unfair

no, u got it wrong since u can simply buy necessary amount of bb without 1st round.

and all these bought bb will give u additional 10% bb and 21% blackbb.
So what can give you more bb, buying them and then linking or just linking our btc wallet?
Where can on buy bb btw?I think it is not available on exchange yet.

at current conditions a buying more profitable (in terms of bb) than linking to btc address.

u can buy bb via the wallet (chat with bot https://byteball.org/) or go to the exchange (https://cryptox.pl/).

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February 10, 2017, 12:46:44 PM
 #4608

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



we are only talking for good days not for the bad once..
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February 10, 2017, 12:49:12 PM
 #4609

I have the lite wallet on my phone.
On my Mac I used the seed and created a full wallet.

I can't get the two wallets to pair. The Mac wallet is inviting the phone wallet. The phone reads the QR code but when I click 'pair' nothing happens.

I'm trying to do this so that I can move my blackbytes from the phone to the Mac.

Any ideas what I might be doing wrong?
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February 10, 2017, 12:55:43 PM
 #4610

Had same problem. Just create a new wallet on your Mac with two devices (Mac and phone). Then send your blackbytes to that synced shared wallet
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February 10, 2017, 12:56:39 PM
 #4611



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.

thank you very much, i will check this.
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February 10, 2017, 01:09:24 PM
 #4612

how can we see how many byteball been linked ?

If you want to know if your bytes are linked, then say hi to the transition bot, and it will tell you your linked Byteball addresses with their balances.

If you want to know how many bytes are linked in total, well that would only be relevant to know how many blackbytes will be distributed, knowing that the non-distributed blackbytes will serve for development, and that all bytes in circulation (100 000 GB) will receive bytes whether they are on linked Byteball addresses or not.

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February 10, 2017, 01:31:56 PM
 #4613

Hurry up!

Not much time left until the Byteball distribution snapshot:
https://www.tickcounter.com/countdown/42410/byteball-distribution-snapshot-countdown

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
golfhuso
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February 10, 2017, 01:44:35 PM
 #4614

Big dump after the distribution?

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February 10, 2017, 02:12:40 PM
 #4615

Big dump after the distribution?

probably, like with the first one, and then price doubled a few times.

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February 10, 2017, 02:14:58 PM
 #4616

We've just crossed 100K linked bitcoins!

 Grin  Grin  Grin  Grin  Grin  Grin

transition.byteball.org

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
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February 10, 2017, 02:17:30 PM
 #4617

Had same problem. Just create a new wallet on your Mac with two devices (Mac and phone). Then send your blackbytes to that synced shared wallet

Thanks for this suggestion.

However I can't get either wallet to successfully accept an invitation from the other, either to set up a shared wallet or to even chat.

Doesn't matter whether I use QR code scanner or copy/paste the invite link. The "Pair" button does turn from grey to orange, but does nothing when I click it.

Strange.
nelson4lov
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February 10, 2017, 02:21:18 PM
 #4618

We've just crossed 100K linked bitcoins!

 Grin  Grin  Grin  Grin  Grin  Grin

transition.byteball.org


I'm going to be left out again like the first time . I tried to link my Bitcoin address to Byteball on my mobile phone and It didn't work even as I have the Byteball android app. I don't know why  but The app only keeps opening when I click to chat with the transition bot.

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February 10, 2017, 02:44:00 PM
 #4619

We've just crossed 100K linked bitcoins!

 Grin  Grin  Grin  Grin  Grin  Grin

transition.byteball.org

The byteball holders wins 10:6   Wink

Bitcore BTX - Bitsend BSD - Bitloud BTDX - Megacoin MΣC
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February 10, 2017, 02:46:58 PM
 #4620

no btc availabe for me.  Sad Sad Sad
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