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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1222695 times)
favdesu
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March 15, 2017, 08:01:55 PM
 #5901

Will be more distribution rounds?

is it too complicated to visit the website and read this stuff?

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March 15, 2017, 08:19:57 PM
 #5902

As I understand.. if I have 1BTC, there are two ways to act at the next distribution round in April:

1.) to keep 1BTC and collect 0.0625GB
2.) to buy 25GB (at current price of 0.04 GB/BTC) and collect 2.5GB

Is that right?
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March 15, 2017, 08:24:42 PM
 #5903

As I understand.. if I have 1BTC, there are two ways to act at the next distribution round in April:

1.) to keep 1BTC and collect 0.0625GB
2.) to buy 25GB (at current price of 0.04 GB/BTC) and collect 2.5GB

Is that right?

That's right.

.
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March 15, 2017, 10:44:37 PM
 #5904

syncing is so much slower than it use to be - is it only me?
Spratan
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March 15, 2017, 11:16:11 PM
 #5905

Gave in last time
Bytes:
19,832.186424596 GB distributed. New available supply is 137,442.380452938 GB.
so the formula of 1 million=100,000 x (1+0,17)n
Every month 20,000 btc is added(on average)so the process will be accelerated even faster .8000 gigobayt is given for 130 000 bitcoins  
http://transition.byteball.org/
Consider manually by a simple formula.
137 000+13 700+8 000 April         158 000
158 000+15 800+8 000 may          182 500
182 500+18 250+8 000 June         208 750
208 750+20 875+8 000 July          237 600
237 600+23 760+8 000 August      269 370
269 370+26 937+8 000September 304 300
304 300+30 430+8 000 October    342 700
342 700+34 270+8 000 November 385 000
385 000+38 500+8 000 December 431 500
431 500+43 150+8 000 January    482 700
482 700+48 270+8 000February    539 400
539 400+53 940+8 000March        601 300
601 300+60 130+8 000April          669 000
669 000+66 900+8 000may           744 000
744 000+74 400+8 000June          826 800
826 800+82 600+8 000July           917 000
917 000+91 700+8 000August2018  =1 000000            end
With the current distribution of all is 17 months.
See compound interest.In summary, under the current distribution, will be given to those who hold in bytes,not btc,and in several times,rather 5 times 1.117=5,05.That is, 75% of the distribution will be the owners of the bytes(5 times will get more dark byte), and only 25% owners btc,compound interest win


if you make a binding 260 000 bitcoins
137 440+13 744+16 000 April         167 200
167 200+16 720+16 000 may          199 900
199 900+19 990+16 000 June         235 900
235 900+23 590+16 000 July          275 500
275 500+27 550+16 000 August      318 990
318 990+31 899+16 000September 366 890
366 890+36 689+16 000 October     419 579
419 579+41 958+16 000 November  477 176
477 176+47 718+16 000 December  540 893
540 893+54 089+16 000 January     610 980
610 980+61 098+16 000February     688 090
688 090+68 809+16 000March         772 890
772 890+77 289+16 000April           866 170
866 170+86 620+16 000may            968 790
968790+31210 June 2018 end         1 000 000

under the current distribution will take 15 months.
1,114=3,8 .Approximately 55% will be the owners of bytes and 45% of the owners of bitcoins.
The result ,the lower the price,the less will tie bitcoin,the longer is the distribution and more bytes will get to their owners).That is, the bytes need to stay away from the big exchanges)

Very helpful ! Thanks
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March 16, 2017, 12:19:40 AM
 #5906

 Yeah, I should better spend most of my bitcoin to buy Gbytes instead of trying to spawn byteball out of BTC-balance....
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March 16, 2017, 01:57:25 AM
 #5907

Will be more distribution rounds?
See at the Byteball website the scheduled for 4th round distribution will be April 11, 2017 at 06:08 UTC
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March 16, 2017, 02:10:21 AM
 #5908

Is there a tutorial on how to buy byteball using chatbot?
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March 16, 2017, 02:53:31 AM
 #5909

Is there a tutorial on how to buy byteball using chatbot?

Just chat with it, it is not a rocket science.

.
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March 16, 2017, 03:20:34 AM
 #5910

Sorry im newbie, wta how to get free byteball?

► BLOCKBURN ◄ ★WHERE CRYPTOCURRENCY AND ONLINE GAMING MEET★ ► BLOCKBURN ◄
───●●───●●───●●───●●───●●─[   ABOUT US   ]─●●───●●───●●───●●───●●───
Website|Medium|LinkedIn|Telegram|Reddit|CoinMarketCap
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March 16, 2017, 04:24:23 AM
 #5911

Sorry im newbie, wta how to get free byteball?
Let's read the first page
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March 16, 2017, 04:27:35 AM
 #5912

Will be more distribution rounds?
See at the Byteball website the scheduled for 4th round distribution will be April 11, 2017 at 06:08 UTC

That is the money party of next round, every round we get less coins, and I hope we can make more money from byteball.
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March 16, 2017, 04:50:59 AM
 #5913

Is there a tutorial on how to buy byteball using chatbot?

Just chat with it, it is not a rocket science.


Its not talking back you patronizing C**t. 
CryptKeeper
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March 16, 2017, 06:55:06 AM
 #5914

syncing is so much slower than it use to be - is it only me?

I did a fresh sync a day before the distribution and it took 4 hrs. YMMV

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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March 16, 2017, 06:56:52 AM
 #5915

Is there a tutorial on how to buy byteball using chatbot?

Just chat with it, it is not a rocket science.


Its not talking back you patronizing C**t. 


The bots must be restarted from time to time and are not responding in the meantime. Please try again later, simply enter any text into the chat text box and it will answer with instructions.

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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March 16, 2017, 06:59:36 AM
 #5916

Will be more distribution rounds?

Yes, there will be a distribution on every full moon until all bytes and blackbytes are distributed.
The snapshot for the next round #4 will be on 11 April 06:08 UTC.

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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March 16, 2017, 07:17:32 AM
 #5917

Why byteball is available on handful of exchanges? How can I take participation in free distribution.
I just check it's price and trends in coingeek and it seems interesting.


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March 16, 2017, 07:17:39 AM
 #5918

Will be more distribution rounds?

Yes, there will be a distribution on every full moon until all bytes and blackbytes are distributed.
The snapshot for the next round #4 will be on 11 April 06:08 UTC.
I don't have much time to watch things closely but are there any applications based on byteball (regulated assets, decentralized storage etc.)?
To me conditional payments are a great step forward and I hope devs will start looking into them

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March 16, 2017, 07:29:35 AM
 #5919

@dev: could you please put the in f-droid.
|
|
V
I checked F-droid but didn't change my decision to distribute APKs through google play exclusively.  The biggest merit of google play is auto-updates, which is absolutely required for security apps like this.  While you say you are prepared to go through the trouble of manual updating, most people aren't, and I don't want to encourage use of outdated software that might have critical security bugs.  Moxie Marlinspike had some fair criticisms about f-droid, which I totally agree with, and I believe, for this kind of apps, google is a lesser evil.
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March 16, 2017, 12:36:24 PM
Last edit: March 16, 2017, 05:42:54 PM by kola-schaar
 #5920

Why byteball is available on handful of exchanges? How can I take participation in free distribution.
I just check it's price and trends in coingeek and it seems interesting.

The desire for other / larger exchanges appears again and again. You can advance this wish:

Remember to vote for Byteball if you have an account on Novaexchange . We are at 101 of 250 votes required. You can vote daily.
Regards.

https://novaexchange.com/addcoin/

OR


However, the current status of the distribution does not yet allow a listing on big exchanges:
Only 137,000 GB (13.7% of the total quantity of 1 PByte = 1E15 bytes) was distributed. At constant boundary conditions (constant participation = grow of linked BTC ~10000, constant interest of already distributed bytes 10%), there will still be ~ 15 rounds. At Christmas 2017 about ~50% will be distributed. The next year around this time, it will be about 80 percent.

From my perspective, other exchanges (still) have no priority
1. cryptox does a good job
2. cryptox was there when we needed a market

New adopter should be happy about the fact that Byteball (yet) is not traded on a big exchange:
If byteball would be on a larger exchange, that would mean more attention. More interest / demand meets small supply -> price increases strongly - bad for new entrants / small investors.
It is counterproductive in three months to turn the thrust from zero to 120 percent. That ends with a lot of damage and a very hard landing.

I think the current underdog status is good for byteball and ensures sustainable development / growth.
The distribution model offers the chance that Byteball slowly grows into a strong capitalization. When the time is ripe, then it will automatically change. Wink

In other words, you are watching Part I -> This part is called "Episode I - The Force Awakens" Grin

For more information OP:
https://bitcointalk.org/index.php?topic=1608859.0 or go to slack http://slack.byteball.org
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