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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1234107 times)
forzendiablo
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March 07, 2017, 05:23:41 AM
 #5621

blakcbytes u cant trade nor they have value - useless

i understand how they work but this coin is not BTC to make them worth anything

yolo
escapefrom3dom
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March 07, 2017, 05:27:18 AM
 #5622

blakcbytes u cant trade nor they have value - useless

i understand how they work but this coin is not BTC to make them worth anything

sooner or later btc needs replace.

why not byteball or similar?  Smiley

francism
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March 07, 2017, 05:43:44 AM
 #5623

blakcbytes u cant trade nor they have value - useless

i understand how they work but this coin is not BTC to make them worth anything

Then you better stick with BTC byteball doesn't need you here.
CryptKeeper
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March 07, 2017, 07:02:39 AM
 #5624


Quote
Quote
- 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?

Sorry i mean , what will happen if the blackbyte side (the receiver of GBB) don't send coins from smart wallet to main wallet? i.e. if there is not the right amouont of amount of bytes to cover fees

The smart wallet will stay forever until you withdraw the coins.

Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
CryptKeeper
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March 07, 2017, 07:06:53 AM
 #5625

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%?  Grin

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.

Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
CryptKeeper
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March 07, 2017, 07:10:02 AM
 #5626

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

Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
Karartma1
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March 07, 2017, 07:14:48 AM
 #5627

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.
szafa
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March 07, 2017, 07:27:30 AM
 #5628

How to convert blackbytes to byteball?
escapefrom3dom
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March 07, 2017, 07:30:45 AM
 #5629

How to convert blackbytes to byteball?

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

bv68bot
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March 07, 2017, 09:25:47 AM
 #5630

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%?  Grin

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
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March 07, 2017, 10:07:18 AM
 #5631

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
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March 07, 2017, 10:17:05 AM
 #5632

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
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March 07, 2017, 04:04:05 PM
 #5633

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


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cryptohunter
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March 07, 2017, 07:12:52 PM
 #5634

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
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March 07, 2017, 07:41:53 PM
 #5635


tonych (OP)
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March 07, 2017, 08:42:13 PM
 #5636

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.

Simplicity is beauty
SatoNatomato
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March 07, 2017, 08:56:01 PM
 #5637

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 (OP)
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March 07, 2017, 09:42:32 PM
 #5638

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.

Simplicity is beauty
MemberCount+1
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March 07, 2017, 10:12:05 PM
 #5639

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!  Smiley
forzendiablo
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March 08, 2017, 03:31:25 AM
 #5640

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

yolo
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