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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1225473 times)
LoyceV
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April 27, 2017, 11:40:54 AM
 #7361

Now what about a dev fund? I don't think that the 1% is apart of a dev fund and I don't think it should be, if Tony builds this up he deserves that 1% as his reward for building this system.
Tony distributes 98%, keeps 1%, and that leaves 1% remaining. I assume that is for future developments.
  • 98% of all bytes and blackbytes (the private untraceable currency) will be distributed among bitcoin holders who link their bitcoin and byteball addresses before any of the distribution rounds.  No investment required, you keep your bitcoins, plus receive the bytes and blackbytes.  See below how to receive the coins.
  • 1% I reserve for myself

What strikes me as a bit weird is that some rich Bitcoin-holders get more than Tony himself, just for linking an address. For example: http://transition.byteball.org/ shows an address with 9992.30838103 Bitcoin balance, it gets 7.3304 % of all bytes. More than 7 times more than the developer gets for doing all the work.
This doesn't really fit Tony's idea:
Quote
I want Byteball to be in the hands of as many people as possible
Unfortunately, I can't think of any way to prevent this. Limiting the maximum balance doesn't help, the Bitcoins could just as easily be spread out over multiple addresses.

Quote
I vote that an extra 1% or even 2% of the currency is withheld for the sole purposes of development outside of Tony's contributions.

This would be for other developers/bounties/etc. that Tony leads.
Basically that turns Tony into an employer/CEO. Would that be something he wants?

Quote
The fund would allow Tony to eventually start getting more people on board.
You do have a point here. If I search on Google: "who pays Bitcoin developers", the first hit I get says "Funding Bitcoin development seems to have always been problematic".
If Byteball can prevent this by reducing the community's share from 98 to 97%, I'd say go for it!

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Shiver
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April 27, 2017, 11:43:34 AM
 #7362

I'd vote for upping the dev fund, as it benefits all.
Karartma1
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April 27, 2017, 02:46:33 PM
 #7363

p2p insurance! I'm going to try it soon!
so great this project.
Nice tonych

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pwpwpw
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April 27, 2017, 03:13:15 PM
 #7364

I'm also up for a dev fund, it's a win win for everyone, just make a public spreadsheet of the expenses.

European Central Bank
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April 27, 2017, 04:48:27 PM
Last edit: April 27, 2017, 05:25:41 PM by European Central Bank
 #7365

far too much is going to people who'll never do anything other than dump eventually. other coins have drawn up agreements about developer funds and as long as they're transparent that's totally cool with me. i'd way prefer it if there was a monthly dump of developer coins instead. at least you'd get users who were properly invested.
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April 27, 2017, 05:23:52 PM
 #7366

Is there a place I can find information about all the precedent distributions (full statistics) and future distributions ?

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corrado25
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April 27, 2017, 05:32:31 PM
 #7367

tonych please say me why not to do in byteboll wallet some login or email address or few some words bound to wallet ? in case if my windows or PC will broken i dont know how i can sign in my byteball balance again Huh Its very big problem ! Its fool. Please do some option in wallet to think up some words or email address in which case get back to balance
wwzsocki
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April 27, 2017, 05:36:45 PM
 #7368

Is there a place I can find information about all the precedent distributions (full statistics) and future distributions ?

Same here, where I find full info about coin distribution until now and in the future ?

neonshium
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April 27, 2017, 05:37:56 PM
 #7369

Is there a place I can find information about all the precedent distributions (full statistics) and future distributions ?
their website, and their blog could be the best place to find the information you want. read those places you'll surely find the information.
kola-schaar
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April 27, 2017, 05:56:45 PM
 #7370

Is there a place I can find information about all the precedent distributions (full statistics) and future distributions ?
Same here, where I find full info about coin distribution until now and in the future ?
maybe this is what you need:
Conditions and ratio of distribution see: https://bitcointalk.org/index.php?topic=1608859.0
https://bitcointalk.org/index.php?topic=1608859.msg18612220#msg18612220
https://bitcointalk.org/index.php?topic=1608859.msg18704861#msg18704861
blackhawk101
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April 27, 2017, 05:58:54 PM
Last edit: April 27, 2017, 06:11:53 PM by blackhawk101
 #7371

DISTRIBUTION FREE?!!  JUST LINK BTC TO BYTEBALL WALLET?

EACH FULL MOON GET FREE BALLZ?!

--- Huh ---

WHO SAY SCAM?  COMPARE TO 10 MINUTE GREEDIOS ICO, DEV HODL 90% COIN...??

 Huh Huh Huh
wwzsocki
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April 27, 2017, 06:05:36 PM
 #7372

Is there a place I can find information about all the precedent distributions (full statistics) and future distributions ?
Same here, where I find full info about coin distribution until now and in the future ?
maybe this is what you need:
Conditions and ratio of distribution see: https://bitcointalk.org/index.php?topic=1608859.0
https://bitcointalk.org/index.php?topic=1608859.msg18612220#msg18612220
https://bitcointalk.org/index.php?topic=1608859.msg18704861#msg18704861

Thank you. One more question. When the remaining 1% will be given away to the first 100m users who install Byteball wallet, 100 Kbytes to each user ?

ByteFan
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April 27, 2017, 06:16:53 PM
 #7373

byteball.fr
now provides a heartbeat page that summarizes units activity on the network.

Byteball.fr is an alternative hub (paired with master byteball.org) and community witness operated on a 300Mbps unmetered link.
To get efficient communication, faster wallet sync and to support our community-driven Witness:

In your wallet settings  hub set byteball.fr/bb

Heps guys! We need more support for our witness! Thx

do you know how many people moved their byteball?


Don't understand you question. Can you make it more precised? Thx

Byteball payment gateway for web merchants https://byteball-for-merchants.com/ - BEEB  (Blackbytes Exchange Bot): https://www.beeb-bot.com/ (closed)
Network map, stats, Top Richests and Byteball world map at https://byteball.fr/ (closed) - Hub operator featuring the cashback witness https://byteball-cashback-witness.com (closed)
kola-schaar
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April 27, 2017, 06:20:20 PM
 #7374

Dear hodlers,

The time has come to put your bytes into real use.

We are launching P2P insurance on smart contracts https://medium.com/byteball/making-p2p-great-again-episode-iv-p2p-insurance-cbbd1e59d527.
This is pretty huge. The multibillion insurance business that is run by big corporations is now open to every individual. All because in p2p contract it doesn't matter who are you insured with - if its a big corporation or a man in a cave in Afganistan - the result of the contract is the same. It means that the insurance companies better start insure within the byteball system or simply loose market share to us - the people.
My god, I would be so happy if we could do this: Byteball bite the insurance shark  Grin
kaicrypzen
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April 27, 2017, 06:32:07 PM
 #7375

When the remaining 1% will be given away to the first 100m users who install Byteball wallet, 100 Kbytes to each user ?

Quote
This will start 6 months from now or later, after we get ready for that scale.

I believe we are still not ready for that scale, 100m users is quite a lot and we surely have quite a long way to go. By the way, are there any stats about the number of users (the number of installed wallets)?

corrado25
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April 27, 2017, 07:27:39 PM
 #7376

Someone says me how to sign in to my wallet balance after i reinstall windows or i buy a new PC and install on him byteball wallet, how to sign in to my wallet balance Huh
bitcircle
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April 27, 2017, 07:35:41 PM
 #7377

Someone says me how to sign in to my wallet balance after i reinstall windows or i buy a new PC and install on him byteball wallet, how to sign in to my wallet balance Huh

Easy to sign the message if you are using bitcoin core wallet or online hot wallet blockchain. So which wallet you are using to store your bitcoins or send the desire amount to chatbot to link your address for next distribution.
corrado25
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April 27, 2017, 07:54:45 PM
 #7378

Someone says me how to sign in to my wallet balance after i reinstall windows or i buy a new PC and install on him byteball wallet, how to sign in to my wallet balance Huh

Easy to sign the message if you are using bitcoin core wallet or online hot wallet blockchain. So which wallet you are using to store your bitcoins or send the desire amount to chatbot to link your address for next distribution.
i think you not undrerstand me.If i reinstall the windows and then install byterball wallet how i can get to my byteball balance ? I dont see any login or some secrets words to restor eaccess to my balances ?
SatoNatomato
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April 27, 2017, 08:00:47 PM
 #7379

Someone says me how to sign in to my wallet balance after i reinstall windows or i buy a new PC and install on him byteball wallet, how to sign in to my wallet balance Huh

Easy to sign the message if you are using bitcoin core wallet or online hot wallet blockchain. So which wallet you are using to store your bitcoins or send the desire amount to chatbot to link your address for next distribution.
i think you not undrerstand me.If i reinstall the windows and then install byterball wallet how i can get to my byteball balance ? I dont see any login or some secrets words to restor eaccess to my balances ?
In the Byteball wallet you have "seed backup" which gives you about 12 words to remember/write down. Then you can on another computer enter these words and it will restore your bytes balance.

However, that does not restore any blackbytes, so easiest and best way is to, on old computer (A), pair it with new computer (B) and require "1 of 2" signatures to spend. Then you can verify with small transactions from new computer (B), and then you can delete/trash the old computer.

Byteball wallet has multi-signature support built in. Which acts as a good backup.

Check in "Global settings" options for backups, you can also take a backup on a usb-memory, or encrypted full backup and save it on Google Drive for example.
yvv
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April 27, 2017, 08:11:39 PM
 #7380

Someone says me how to sign in to my wallet balance after i reinstall windows or i buy a new PC and install on him byteball wallet, how to sign in to my wallet balance Huh

Easy to sign the message if you are using bitcoin core wallet or online hot wallet blockchain. So which wallet you are using to store your bitcoins or send the desire amount to chatbot to link your address for next distribution.
i think you not undrerstand me.If i reinstall the windows and then install byterball wallet how i can get to my byteball balance ? I dont see any login or some secrets words to restor eaccess to my balances ?

There is no log in. Your wallet is a file on your PC, use back up, or better use multi-signature wallet.

.
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