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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1236668 times)
tortellino
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April 03, 2017, 07:15:08 PM
 #6341

@BoscoMurray

1. yep, you are right https://coinmarketcap.com/currencies/byteball/
2. there is a channel in slack for trading blackbyte  (trading_blackbytes), ask for an invite!
3. the link addresses stay, but you have to check that your BTC are in these linled addresses. E.g. 4 BTC linked in one address, u make a small withdraw to another address there will be 0 BTC in this linked 
   address. So check ur linked addresses right in time https://byteball.org -> just go to "chat with transition bot"

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.DEVAULT.     
  ●   

.COMMUNITYE
.GOVERNANCE.
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Kryptowerk
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April 03, 2017, 07:16:00 PM
Last edit: April 03, 2017, 08:00:33 PM by Kryptowerk
 #6342

Wow, I just realized, the future for Byteball isn't looking bad at all:
https://steemit.com/fiction/@xwerk/cryptocurrency-market-cap-in-the-year-2020-or-bitcoin-ethereum-komodo-monero-bitcore-steem-decred-byteball-litecoin-lbry

zanzibar
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April 03, 2017, 07:37:09 PM
 #6343


lol, that's a pretty awesome mockup
BoscoMurray
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April 03, 2017, 07:48:37 PM
 #6344


Thank you
CorePrime95
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April 03, 2017, 08:27:40 PM
 #6345


Byteball can store the public records that need to be accessible and very secure at the same time.  Im not talking about .pdfs or something big, but hashes of the important documents e.g. contracts, patents, algorithms etc. It can be the ultimate resource to prove ownership or integrity. Paying 1$ per 1Kb to store this important data tamperproof and for eternity wouldn't seem too unrealistic. That would price 1GB = 1000$ and give a total valuation of exact 1,000,000,000$  Cool
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April 03, 2017, 08:35:35 PM
 #6346


Byteball can store the public records that need to be accessible and very secure at the same time.  Im not talking about .pdfs or something big, but hashes of the important documents e.g. contracts, patents, algorithms etc. It can be the ultimate resource to prove ownership or integrity. Paying 1$ per 1Kb to store this important data tamperproof and for eternity wouldn't seem too unrealistic. That would price 1GB = 1000$ and give a total valuation of exact 1,000,000,000$  Cool
1$ per KByte would mean $1.000.000 per 1GByte. If you meant 1$ per 1MByte then I wasn't too far off with my 66,63ct/MByte.  Wink

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April 03, 2017, 08:55:32 PM
 #6347

Yes, you are right!

Byteball has such a huge potential. We can brainstorm ideas about what you can do with a "blockchain" (yeah its really a DAG) that can store arbitrary data.
It is like the HDD equivalent of Ethereum. Maybe it can be combined with Ethereum? The "world computer" needs memory after all. Ethereum smart contracts reading and writing data from Byteball?
SatoNatomato
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April 03, 2017, 09:25:20 PM
 #6348

Yes, you are right!

Byteball has such a huge potential. We can brainstorm ideas about what you can do with a "blockchain" (yeah its really a DAG) that can store arbitrary data.
It is like the HDD equivalent of Ethereum. Maybe it can be combined with Ethereum? The "world computer" needs memory after all. Ethereum smart contracts reading and writing data from Byteball?
Byteball has its own smart contracts, but better with declarative style and not-fully turing complete (but maybe by accident as many other things).

You can make an uncensorable twitter, with built-in pay-for-each-byte-of-your message.
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April 03, 2017, 09:53:16 PM
 #6349

Byteball has its own smart contracts, but better with declarative style and not-fully turing complete (but maybe by accident as many other things).

It's pretty important if these smart contracts are Turing complete or not. "Maybe by accident" is not what users need to hear. Can the contracts invoke other contracts (and/or themselves)? An answer to this question will give the answer to turing-completeness question.
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April 03, 2017, 10:17:57 PM
 #6350

Byteball has its own smart contracts, but better with declarative style and not-fully turing complete (but maybe by accident as many other things).

It's pretty important if these smart contracts are Turing complete or not. "Maybe by accident" is not what users need to hear. Can the contracts invoke other contracts (and/or themselves)? An answer to this question will give the answer to turing-completeness question.

Within something 'Turing Complete' there's a need for unlimited storage, right. How would that ever be achieved by any project?
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April 03, 2017, 10:19:18 PM
 #6351

Within something 'Turing Complete' there's a need for unlimited storage, right. How would that ever be achieved by any project?

In cryptoindustry people omit "quasi-" part.
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April 03, 2017, 10:29:14 PM
 #6352

Within something 'Turing Complete' there's a need for unlimited storage, right. How would that ever be achieved by any project?

In cryptoindustry people omit "quasi-" part.

Aha, interesting. So then, according to you, why would Byteball not be turing complete?
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April 03, 2017, 11:20:00 PM
 #6353

Aha, interesting. So then, according to you, why would Byteball not be turing complete?

It will be if recursions are possible.
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April 04, 2017, 04:11:26 AM
 #6354

Hey folks. This looks like a really interesting project. I'm keen to see where it goes.

I've got a couple of questions:

1. There will be or are 1,000,000,000,000,000 bytes, so that's 1,000,000 GBYTES, correct?
2. Are blackbytes traded anywhere? What will be the coin supply of blackbytes?
3. Do I need to link a Bitcoin address for the next distribution round, if I have already linked that address for the last round?

TIA.

1. correct.

2. u can trade 'em on slack: https://byteball.slack.com/messages/C3KFYK5H7
i don't know about the total amount of blackbytes. ☺

3. no need but check linking anyway (via the bot for example).

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April 04, 2017, 04:19:57 AM
 #6355

xx63245613
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April 04, 2017, 04:27:36 AM
 #6356

So many free coins,and no pow,i dont think this can develop and grow

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andrew24p
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April 04, 2017, 04:30:36 AM
 #6357

So many free coins,and no pow,i dont think this can develop and grow

Its interesting at least in my opinion and id like to see where it goes personally.

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valley365
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April 04, 2017, 06:50:12 AM
 #6358


komodo, lol, what a joke
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April 04, 2017, 12:30:30 PM
 #6359

Lifehack: how to get up to 30% byteballs on distribution day instead of just 10%.

1. Sell your bytes a week before the distribution day.
2. Set buy orders 10-50% lower from the current price.
3. Wait a week after the distribution when the big ICO whales dump their free bytes for free tens and hundreds thousands of dollars.
4. ...
5. PROFIT!!!

I haven't done it once but it should had worked every time so far.

Disclaimer: not a trading advice. Use at your own discretion.
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April 04, 2017, 03:11:36 PM
 #6360

Lifehack: how to get up to 30% byteballs on distribution day instead of just 10%.

1. Sell your bytes a week before the distribution day.
2. Set buy orders 10-50% lower from the current price.
3. Wait a week after the distribution when the big ICO whales dump their free bytes for free tens and hundreds thousands of dollars.
4. ...
5. PROFIT!!!

I haven't done it once but it should had worked every time so far.

Disclaimer: not a trading advice. Use at your own discretion.

If you sale your bytes before distribution you dont get new bytes in the full moon
You have to buy very chip if you want to do a good bussiness
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