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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1195484 times)
GTSWPM60
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March 31, 2017, 05:51:44 PM
 #6301

Hi,

I am quite new in the crypto world, and I am a bit lost with distributions. I am really interested with this project and I would like to buy some coins. But I have some doubts..

On 11th Aprill will be the next snapshot (distribution), it means that the price will drop because there will be more coins?

I have read that with 1 BTC you receive 62.5MB (0.0625GB). What is MB or GB? Are them coins?

Do I need to have a Byteball wallet? Is it easy to install for a non tech guy?

Apologies for all these question that might seem a silly ones. I will appreciate any help..

Thank you!!



MB and GB are memory not coins I hope this helps you so to your question 1 BTC will get you 62.5 Megabytes (MB) of memory or 0.0625 Gigabytes (GB) I hope this helps you out!
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greentea
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March 31, 2017, 05:54:09 PM
 #6302

I'm trying to recover from seed and my wallet isn't synced yet. PC full wallet says there no active accounts found and does nothing... Does it mean I have to wait untill it's fully synced (over 12 hours)? My phone just soft bricked and I'd love to factory reset it asap but still want to be sure don't need any data from it (I'm only able to download via adb)

Dont know if it's just me, but it took over 1 full day to sync the network.

Are other people having these problems?

Syncronization very fast with modern multicore 64 bit hardware and without recovery from seed.

I have a top of the line mac, don't think its hardware issue ...

NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
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Krypt
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March 31, 2017, 06:15:03 PM
 #6303

MB and GB are memory not coins ...
No, in Byteball they are coins:

... bytes (the native currency of Byteball)
Cryptoupp
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March 31, 2017, 08:09:24 PM
 #6304


Many thanks Krypt, Gtswpm60, jwinterm!!

Now I have a better understanding Smiley

But I still have some doubts.. The price today is around 66$. It means 1 byte = 66$?

Then.. if you have 1BTC during the snapshot, and you receive the bytes. Later on can you move the 1BTC out of the wallet without losing any byte?

Thanks in advance!!!

nillohit
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March 31, 2017, 08:22:47 PM
 #6305


Many thanks Krypt, Gtswpm60, jwinterm!!

Now I have a better understanding Smiley

But I still have some doubts.. The price today is around 66$. It means 1 byte = 66$?

Then.. if you have 1BTC during the snapshot, and you receive the bytes. Later on can you move the 1BTC out of the wallet without losing any byte?

Thanks in advance!!!

No, 1,000,000,000 bytes = $66
after snapshot you will free to move your bytes or BTC without loosing any

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sva_h4cky0
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April 01, 2017, 07:14:06 AM
 #6306

Does any kind of bootstrap exist?

i have exact same question, anyone?

is byteball.sqlite are byteball blockchain?
ammy009
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April 01, 2017, 07:16:42 AM
 #6307

Does any kind of bootstrap exist?

i have exact same question, anyone?

is byteball.sqlite are byteball blockchain?
byteball has no blockchain. It uses DAG

Chris Cash
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April 01, 2017, 07:20:19 AM
 #6308

nice coin, hope this coin success and waiting available at poloniex, i also waiting for bounty  Cheesy

Sorry byteball doesn't offer any bounty program at the moment. But you can get some bytes free of charge if you will join the upcoming distribution.

Where can I find information about this?
ammy009
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April 01, 2017, 07:22:58 AM
 #6309

nice coin, hope this coin success and waiting available at poloniex, i also waiting for bounty  Cheesy

Sorry byteball doesn't offer any bounty program at the moment. But you can get some bytes free of charge if you will join the upcoming distribution.

Where can I find information about this?
Please, join slack.byteball.org for getting daily updates  Smiley

nillohit
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April 01, 2017, 07:25:41 AM
 #6310

A friendly Reminder :

Update Your Byteball Wallet to 1.6

Participation in Byteball distribution (4th round on Apr 11, 2017 at 06:08 UTC

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Freaks
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April 01, 2017, 07:26:44 AM
 #6311

We are moving towards next free distribution and unlike last time my position is better this time. Though these holdings are not very high but still are enough to bring me some reasonable portion. I will do agree without any reservation on the fact that it is of course next high valued coin. I don't say current vale isn't high but it will be much more.
Chris Cash
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April 01, 2017, 07:46:31 AM
 #6312

nice coin, hope this coin success and waiting available at poloniex, i also waiting for bounty  Cheesy

Sorry byteball doesn't offer any bounty program at the moment. But you can get some bytes free of charge if you will join the upcoming distribution.

Where can I find information about this?
Please, join slack.byteball.org for getting daily updates  Smiley

Is that another forum? I'm curious about the long term plausibility of this software.
vlechogo
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April 01, 2017, 07:59:58 AM
 #6313

As the blockchain scaling problem continues people are going to look more into alternatives and soon they will notice that directed acyclic graph is superior. Much faster transcation times.
So with byteball we have conditional payments, chatbots and payments in chat. Very light and easy to use wallet and free distribution when all you have to do is sign a messege from your bitcoin wallet and link your address.
I don't see any reason not to get involved in this
Chris Cash
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April 01, 2017, 08:21:02 AM
 #6314

As the blockchain scaling problem continues people are going to look more into alternatives and soon they will notice that directed acyclic graph is superior. Much faster transcation times.
So with byteball we have conditional payments, chatbots and payments in chat. Very light and easy to use wallet and free distribution when all you have to do is sign a messege from your bitcoin wallet and link your address.
I don't see any reason not to get involved in this

Is there any privacy concerns with linking a bitcoin address to a byteball?
drawingthesun
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April 01, 2017, 08:33:17 AM
 #6315

As the blockchain scaling problem continues people are going to look more into alternatives and soon they will notice that directed acyclic graph is superior. Much faster transcation times.
So with byteball we have conditional payments, chatbots and payments in chat. Very light and easy to use wallet and free distribution when all you have to do is sign a messege from your bitcoin wallet and link your address.
I don't see any reason not to get involved in this

Is there any privacy concerns with linking a bitcoin address to a byteball?

What the public knows: The public bitcoin address that links to the public byteball address.

As far as the move from Bitcoin to Byteball goes, it's all in the public domain.

If someone knows that you own X bitcoin address and you link that, then they can tell that you own those Byteballs.

See here: http://transition.byteball.org/
cybterpunk
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April 01, 2017, 11:16:47 AM
 #6316

still no big exchanges?

 Smiley
myhoho
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April 01, 2017, 11:20:34 AM
 #6317

still no big exchanges?

 Smiley

 Too early, no need for major exchanges yet. Isn't that great? We still have a good buy opportunity Smiley

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innergy
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April 01, 2017, 12:32:47 PM
 #6318

As the blockchain scaling problem continues people are going to look more into alternatives and soon they will notice that directed acyclic graph is superior. Much faster transcation times.
So with byteball we have conditional payments, chatbots and payments in chat. Very light and easy to use wallet and free distribution when all you have to do is sign a messege from your bitcoin wallet and link your address.
I don't see any reason not to get involved in this

Is there any privacy concerns with linking a bitcoin address to a byteball?

No
pappomappo
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April 01, 2017, 01:24:21 PM
 #6319

Next one will be fourth round?
escapefrom3dom
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April 01, 2017, 01:25:59 PM
 #6320

Next one will be fourth round?

yep.

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