Obyte: Totally new consensus algorithm + private untraceable payments

[escapefrom3dom]

How to convert blackbytes to byteball?

go to the slack:
https://byteball.slack.com/messages/trading_blackbyte

[bv68bot]

I think this is a new coin with new features.

"1% I reserve for myself"

Do we have to believe if you only get 1%?  

Everything about the distribution is as transparent as possible. Simply add the coins given out for free and after the last round of distribution you will see that there are only 2% left in the developers wallet (1% for new wallets and 1% for himself). Check transition.byteball.org for details about the linked addresses.

What rules for 1% for new wallets? Has that started?

[Carbonform]

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.

I want to ask
How can I get if my bitcoin balance existing in the wallet for 1btc
how to calculate the distribution amount byteball do we get?

The distribution rules:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

so do we have to do anything to get the 0.1 per 1 byte on Byteball addresses or do all byteball addresses get credited automatically?

[escapefrom3dom]

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.

I want to ask
How can I get if my bitcoin balance existing in the wallet for 1btc
how to calculate the distribution amount byteball do we get?

The distribution rules:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

so do we have to do anything to get the 0.1 per 1 byte on Byteball addresses or do all byteball addresses get credited automatically?

all byteball addresses will be get credited automatically.

linking is only necessary to get blackbytes.

[seven.71]

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.

I want to ask
How can I get if my bitcoin balance existing in the wallet for 1btc
how to calculate the distribution amount byteball do we get?

The distribution rules:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

so do we have to do anything to get the 0.1 per 1 byte on Byteball addresses or do all byteball addresses get credited automatically?

all byteball addresses will be get credited automatically.

linking is only necessary to get blackbytes.

Only to the extent that ?
we just connect wallet byteball  with our bitcoin wallet

[cryptohunter]

If I was a newcomer I would prefer buying byteballs and link them more than link any btc address because the ratio is much better for byteball holders.
Linking BTC was good in the first round unless you have a huge pile.

I didn't realise this.

So hold on.

If someone linked in the first round 10 BTC and got x amount of bytes.

If they just left both the btc wallet and bb wallet as is this is not optimal for each round to get more bytes and black bytes?

[kola-schaar]

[tonych]

Important security update 1.5.1 https://github.com/byteball/byteball/releases

It removes a XSS vulnerability that allowed remote code injection via specially constructed chat messages.  Thanks @portabella for discovering the bug.
The update also includes a minor performance improvement.

Upgrade is mandatory.

To protect those who didn't upgrade fast enough, I'll update the default hub to refuse connections from clients that run an old version.

[SatoNatomato]

If I was a newcomer I would prefer buying byteballs and link them more than link any btc address because the ratio is much better for byteball holders.
Linking BTC was good in the first round unless you have a huge pile.

I didn't realise this.

So hold on.

If someone linked in the first round 10 BTC and got x amount of bytes.

If they just left both the btc wallet and bb wallet as is this is not optimal for each round to get more bytes and black bytes?

This is optimal to receive bytes, but to also be optimal when receiving blackbytes, one should have talked to transition bot and "linked" the Bytes address, it is according to how many bytes you have at a certain address or more byteball-addresses, that many blackbytes you receive.

BTC linked address  gives you => Bytes

Not doing anything since linking it once, the link stays, all is good.

Bytes at 1 or more Byteball-addresses gives you also => blackbytes.

[tonych]

To protect those who didn't upgrade fast enough, I'll update the default hub to refuse connections from clients that run an old version.

This is now done.
If you run a your own hub, please upgrade it too.

[MemberCount+1]

To protect those who didn't upgrade fast enough, I'll update the default hub to refuse connections from clients that run an old version.

This is now done.
If you run a your own hub, please upgrade it too.

thx! 

[forzendiablo]

So why dev wont pay ie Bittrex to add this? Lets get some real exchange with volumes. Also GB is not right, most people have less so it should be traded on cheaper amounts

[tobeaj2mer01]

So why dev wont pay ie Bittrex to add this? Lets get some real exchange with volumes. Also GB is not right, most people have less so it should be traded on cheaper amounts

Why don't you pay ie Bittrex to add this? This is not an ICO coin.

[blacktea286]

So why dev wont pay ie Bittrex to add this? Lets get some real exchange with volumes. Also GB is not right, most people have less so it should be traded on cheaper amounts

Why don't you pay ie Bittrex to add this? This is not an ICO coin.

[tobeaj2mer01]

@tonych,I am trying to send blackbyteball, hit this message "This is a priveate asset, please send it only by clicking links in the chat or send it to your other wallets", so when some Exchanges list blackbyteball, how can I send blackbyteball to Exchange, do I need to add Exchange as a friend first?

[vlechogo]

So why dev wont pay ie Bittrex to add this? Lets get some real exchange with volumes. Also GB is not right, most people have less so it should be traded on cheaper amounts

Why don't you pay ie Bittrex to add this? This is not an ICO coin.

[MemberCount+1]

So why dev wont pay ie Bittrex to add this? Lets get some real exchange with volumes. Also GB is not right, most people have less so it should be traded on cheaper amounts

How much? We can create a community fund for this?!

[altseeker]

So why dev wont pay ie Bittrex to add this? Lets get some real exchange with volumes. Also GB is not right, most people have less so it should be traded on cheaper amounts

How much? We can create a community fund for this?!

3 BTC and certain requirements that must be met to speed up the listing process.

https://bittrex.zendesk.com/hc/en-us/articles/202583854-Submitting-a-Coin-to-Bittrex

[MemberCount+1]

So why dev wont pay ie Bittrex to add this? Lets get some real exchange with volumes. Also GB is not right, most people have less so it should be traded on cheaper amounts

How much? We can create a community fund for this?!

3 BTC and certain requirements that must be met to speed up the listing process.

https://bittrex.zendesk.com/hc/en-us/articles/202583854-Submitting-a-Coin-to-Bittrex

Ah ok thx. I think, not so much for 30-60 byteballer.  Who is the trustee? I would, but no one knows me, I believe this make no sense.

[kaicrypzen]

@tonych,I am trying to send blackbyteball, hit this message "This is a priveate asset, please send it only by clicking links in the chat or send it to your other wallets", so when some Exchanges list blackbyteball, how can I send blackbyteball to Exchange, do I need to add Exchange as a friend first?

If an exchange decides to list blackbytes, yes you will have to pair with their device, they will have to either process deposits and withdrwals manually or run a chat bot to do it (or something else).