Obyte: Totally new consensus algorithm + private untraceable payments

[crypt0hash]

Every round need linking address to reciveing byteball?

yes if you move your bitcoins somewhere
no if your bitcoins are at the linked address

You do not need to re-talk has been described previously and I think they're quite understand.. So, think positive in using or doing something.

dude I have written as no one has answered. The other was just faster. You should also make something useful, just do it better and not judge if you dont understand.

[songsunling]

Version 1.5 released https://github.com/byteball/byteball/releases

It's the biggest update since the launch.  It enables conditional payments, which allow you to P2P exchange bytes vs blackbytes since today.  Much more in the next releases.

Read my Medium article about making P2P great again https://medium.com/byteball/making-p2p-great-again-fe9e20546a4a#.i6kj1ug99

Note that to bind your payment to a condition you must be connected in chat with the payee and click his address or accept a payment request.

Other updates in this release:
* Fixed frequent disconnects that might affect sync speed
* Small performance optimizations
* Multiple small bugs fixed

Please upgrade.  The wallet might start a bit longer than usual the first time after the upgrade, this is because it needs to upgrade the database, be patient.  

Be prepared for bugs since it is a big update (I guess you are already used to expecting this when you are into something new).

A big update! Very good!
I will let more people to know about Byteball.

[ParmaBTC]

Tested Bind payment

sent 0.4 GBB for 1000 byte received.

there is something strange in Peer chat, it says "Payment 4349 bytes"  but the payment condition was 1000 bytes.
Indeed payment request message was "payment request : 1000 bytes to XYA............FFR" , peer received 1000 bytes request and 1000 bytes were sent

another strange thing happen in bytes receiver wallet: 0.484 GB have been moved in a new address, wallet balance has not been affected.

0.4 GBB are in a blackbytes smart wallet now.

What i want to ask is:
- why chat messages are not the same
- sending another Binf payment will generate another subwallet?
- TX fees are doubled with this new feature, am i correct?
- Blackbytes balance of receiver wallet is splitted in GBB in main wallet +  GBB "Also" in smart wallet, why not total amount ?

[tonych]

Tested Bind payment

sent 0.4 GBB for 1000 byte received.

there is something strange in Peer chat, it says "Payment 4349 bytes"  but the payment condition was 1000 bytes.
Indeed payment request message was "payment request : 1000 bytes to XYA............FFR" , peer received 1000 bytes request and 1000 bytes were sent

another strange thing happen in bytes receiver wallet: 0.484 GB have been moved in a new address, wallet balance has not been affected.

0.4 GBB are in a blackbytes smart wallet now.

What i want to ask is:
- why chat messages are not the same
- sending another Binf payment will generate another subwallet?
- TX fees are doubled with this new feature, am i correct?
- Blackbytes balance of receiver wallet is splitted in GBB in main wallet +  GBB "Also" in smart wallet, why not total amount ?

How did you test?  Could it be that you had the same device on both sides of the trade?

- sending another Binf payment will generate another subwallet?

Yes you have a subwallet for every unfinished trade .

- TX fees are doubled with this new feature, am i correct?

There are 3 transactions in total, if that's what you are asking about.

- Blackbytes balance of receiver wallet is splitted in GBB in main wallet +  GBB "Also" in smart wallet, why not total amount ?

Because spending of smart wallet is constrained by the smart contract conditions.  You might be not able yet or already not able to spend from it.
If you can spend from it, you move its balance to your main wallet, this is the 3rd and final transaction.

[magpr]

Every round need linking address to reciveing byteball?

yes if you move your bitcoins somewhere
no if your bitcoins are at the linked address

Excellent spread coins scheme, clearly take part in Byteball. I care about one thing, it turns out that the owners of a large amount of Bitcoins will have a much larger number of Byteball than owners a few btc's. The rich are getting richer, the truth of life. But this does not negate the innovative approach of the Byteball developers!

[ParmaBTC]

Tested Bind payment

sent 0.4 GBB for 1000 byte received.

there is something strange in Peer chat, it says "Payment 4349 bytes"  but the payment condition was 1000 bytes.
Indeed payment request message was "payment request : 1000 bytes to XYA............FFR" , peer received 1000 bytes request and 1000 bytes were sent

another strange thing happen in bytes receiver wallet: 0.484 GB have been moved in a new address, wallet balance has not been affected.

0.4 GBB are in a blackbytes smart wallet now.

What i want to ask is:
- why chat messages are not the same
- sending another Binf payment will generate another subwallet?
- TX fees are doubled with this new feature, am i correct?
- Blackbytes balance of receiver wallet is splitted in GBB in main wallet +  GBB "Also" in smart wallet, why not total amount ?

How did you test?  Could it be that you had the same device on both sides of the trade?

[/quote]

Main Device (PC) has 2 wallets , default wallet and Multisig (1/2) wallet -created later-

1 Pc sending GBB + 1 Android mobile receinving GBB multisig wallet (1/2)

repeated test (5 GB for 1000 bytes), this time chat  message says "payment 2364 bytes" , again 0.48 GB moved in a new address

- sending another Binf payment will generate another subwallet?

Yes you have a subwallet for every unfinished trade .

understood

- TX fees are doubled with this new feature, am i correct?

There are 3 transactions in total, if that's what you are asking about.

agree about 3 transaction, why the third is not automatic?

- Blackbytes balance of receiver wallet is splitted in GBB in main wallet +  GBB "Also" in smart wallet, why not total amount ?

Because spending of smart wallet is constrained by the smart contract conditions.  You might be not able yet or already not able to spend from it.
If you can spend from it, you move its balance to your main wallet, this is the 3rd and final transaction.

what happen if the third transaction is undone?

[zoga]

My Friend...

https://twitter.com/YNRvZO27CF7ciKb
follow and twitter
publick 84% BTC

[kola-schaar]

[bspus]

Can I use my full backup from 1.4 with version 1.5?
Is it OK to wait until after the distribution? I just started out and I'm a little nervous updating in case something is screwed up with the linked addresses

I'm using light wallet btw

[escapefrom3dom]

Every round need linking address to reciveing byteball?

yes if you move your bitcoins somewhere
no if your bitcoins are at the linked address

Excellent spread coins scheme, clearly take part in Byteball. I care about one thing, it turns out that the owners of a large amount of Bitcoins will have a much larger number of Byteball than owners a few btc's. The rich are getting richer, the truth of life. But this does not negate the innovative approach of the Byteball developers!

my proposal to @tonych:

1. remove btc linking in the next disrtibution rounds and make payments proportional to the current holders balances – this will stimulate buying bytes.

2. increase the frequency of the disrtibution rounds (1 round per 2 weeks).

3. rule for the final round for a remainder of bytes – just proportional (to the holders balances) distribution.

for example: everyone bytes holder gets 10 % bytes and 20 % black bytes for all his amount.

such scheme prevents a disbenefit for the holders caused by upgrowth of the total amount of bytes in circulation.

[Yefet]

my proposal to @tonych:

2. increase the frequency of the disrtibution rounds (1 round per 2 weeks).

...

such scheme prevents a disbenefit for the holders caused by upgrowth of the total amount of bytes in circulation.

I think the monthly distributions is the right choice to "prevent ... upgrowth of the total amount of bytes in circulation"

[nillohit]

Today I made my first GBB to GB exchange via the new payment binding feature. Everything goes very well ... Smooth & Awesome
If someone stucked on smart contract then you need upgrade it to the latest version

[digaran]

If I linked an address containing 100k btc then I can still link the same address the next round or I'll need to move my bitcoins into another address and then link for new round?
Every round there is no need for me to link new coins right?

[peschi]

If I linked an address containing 100k btc then I can still link the same address the next round or I'll need to move my bitcoins into another address and then link for new round?
Every round there is no need for me to link new coins right?

Right! It's exactly like you discribed.

[tonych]

Tested Bind payment

sent 0.4 GBB for 1000 byte received.

there is something strange in Peer chat, it says "Payment 4349 bytes"  but the payment condition was 1000 bytes.
Indeed payment request message was "payment request : 1000 bytes to XYA............FFR" , peer received 1000 bytes request and 1000 bytes were sent

another strange thing happen in bytes receiver wallet: 0.484 GB have been moved in a new address, wallet balance has not been affected.

0.4 GBB are in a blackbytes smart wallet now.

What i want to ask is:
- why chat messages are not the same
- sending another Binf payment will generate another subwallet?
- TX fees are doubled with this new feature, am i correct?
- Blackbytes balance of receiver wallet is splitted in GBB in main wallet +  GBB "Also" in smart wallet, why not total amount ?

How did you test?  Could it be that you had the same device on both sides of the trade?

Main Device (PC) has 2 wallets , default wallet and Multisig (1/2) wallet -created later-

1 Pc sending GBB + 1 Android mobile receinving GBB multisig wallet (1/2)

repeated test (5 GB for 1000 bytes), this time chat  message says "payment 2364 bytes" , again 0.48 GB moved in a new address

That's what I expected - your PC was on both sides of the trade and it had difficulty interpreting the payment that had its addresses as both sender and receiver.

- TX fees are doubled with this new feature, am i correct?

There are 3 transactions in total, if that's what you are asking about.

agree about 3 transaction, why the third is not automatic?

The wallet never signs transactions on your behalf without your explicit request.

- Blackbytes balance of receiver wallet is splitted in GBB in main wallet +  GBB "Also" in smart wallet, why not total amount ?

Because spending of smart wallet is constrained by the smart contract conditions.  You might be not able yet or already not able to spend from it.
If you can spend from it, you move its balance to your main wallet, this is the 3rd and final transaction.

what happen if the third transaction is undone?

What do you mean undone?

[rytyr]

This is great news! Thanks you vey much for your good work, Tonych!
I am very surprised about the speed of the new features Byteball releases.
I am not yet that skilled about the technology but I try to learn. When I understand correctly, then conditional payments are like smart contracts, right? It is just another name for it isn't it?

Version 1.5 released https://github.com/byteball/byteball/releases

It's the biggest update since the launch.  It enables conditional payments, which allow you to P2P exchange bytes vs blackbytes since today.  Much more in the next releases.

Read my Medium article about making P2P great again https://medium.com/byteball/making-p2p-great-again-fe9e20546a4a#.i6kj1ug99

Note that to bind your payment to a condition you must be connected in chat with the payee and click his address or accept a payment request.

Other updates in this release:
* Fixed frequent disconnects that might affect sync speed
* Small performance optimizations
* Multiple small bugs fixed

Please upgrade.  The wallet might start a bit longer than usual the first time after the upgrade, this is because it needs to upgrade the database, be patient.  

Be prepared for bugs since it is a big update (I guess you are already used to expecting this when you are into something new).

[rytyr]

Forgot to ask. I am looking for a tutorial how to exchange Byteball for BlackByteball with the new feature in version 1.5. When I understand correctly, the new version of Byteball wallet offers this feature now.

Can you please create a post or a blog entry for that? I would be very grateful.

[sevenrustlust]

Forgot to ask. I am looking for a tutorial how to exchange Byteball for BlackByteball with the new feature in version 1.5. When I understand correctly, the new version of Byteball wallet offers this feature now.

Can you please create a post or a blog entry for that? I would be very grateful.

Do you know how to obtain byteball from btc?

[bcmine]

cheap coins again for me i guess, then.

[tonych]

When I understand correctly, then conditional payments are like smart contracts, right? It is just another name for it isn't it?

Conditional payments is an application based on smart contracts.