Obyte: Totally new consensus algorithm + private untraceable payments

[kaicrypzen]

I've seen some posts requesting the establishment of a dev fund, just for the record, there is a community fund, used to pay for bounties and other expanses (not main devs salaries as far as I know), check out this post for more information https://bitcointalk.org/index.php?topic=1608859.msg18115774#msg18115774. Maybe a link to this post should be added to the first post.

How is the fund, funded?

Donations in BTC, bytes and blackbytes plus bytes and blackbytes from each round's distribution plus unclaimed blackbytes. There's a spreadsheet with all the ins and outs, you can find the link in the post.

[onetwo12]

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.

Starting today, you can use your bytes to buy or sell insurance against flight delay.
Some of you might be going to fly in the near future.  Buy insurance from peers and get paid if your flight is delayed.  
If you are selling insurance, you have opportunity to make a profit, thus earning interest on your holdings (with correct risk management, of course!).

Before buying/selling, learn stats about your flight to estimate the probability of delay and decide how much you are willing to pay (if buying) or ask (if selling).  Some useful resources:
http://www.flightstats.com
http://flightaware.com/
https://www.flightradar24.com

Then post your offer in #p2p_insurance channel on our slack.

I'm going to fly to Dalaman (Turkey) via Istambul, and to get this market going, I ask you to insure my flights:
TK420 on Apr 30
TK2554 on Apr 30
TK2561 on May 9
TK413 on May 10

I'm willing to pay 10% for insurance against delay of 15 minutes or more, or 5% for insurance against delay of 30 minutes or more (I didn't actually research the stats and don't know how fair these premiums are, but a disbalance of supply and demand will tell me if I'm wrong).  Each flight is a separate contract, and I'll be more than happy to buy from different sellers.

that's a great usecase.

maybe in the future, we can develop more template?

these smart contact usecase can bring a lot of people into byteball.

all in all, byteball is more scalable than Ethereum in the future

[wood7]

How many Gbyte on the first distribution,if I have 1 btc?

[European Central Bank]

it was a huge amount more than all the other rounds. maybe 7gb per 1 btc or something.

[drawingthesun]

I've seen some posts requesting the establishment of a dev fund, just for the record, there is a community fund, used to pay for bounties and other expanses (not main devs salaries as far as I know), check out this post for more information https://bitcointalk.org/index.php?topic=1608859.msg18115774#msg18115774. Maybe a link to this post should be added to the first post.

How is the fund, funded?

Donations in BTC, bytes and blackbytes plus bytes and blackbytes from each round's distribution plus unclaimed blackbytes. There's a spreadsheet with all the ins and outs, you can find the link in the post.

Sweet. My initial post was to get a fund with a little more weight going for long term sustainability.

My position was that I think the community would be ok if Tony put 1% of the supply into the fund purely for non-Tony dev purposes. (As Tony himself has the original 1% reward for building Byteball, which is fair)

As Byteballs value increases this fund would last a long time and help Tony run a top tier team.

I just don't see a dev fund based off of donations being able to pay for top tier contractors over the next 10 years.

Whenever I invest in a coin I try to imagine its staying power, can this coin compete, can it last?

The dev fund is always an important consideration to me.

[onetwo12]

14   Dogecoin Dogecoin   57,769 BTC   0.00000053 BTC   109,147,719,904 DOGE   3,439 BTC   

that's the first target, to replace doge coin.

let's use byteball.

[BTCspace]

This night (2:59), Byteball exist 3000 hours (125 days).

Gratulation tony & community - well done.

best community ever.

[testerx]

it was a huge amount more than all the other rounds. maybe 7gb per 1 btc or something.

Yeah basically if you were in every distribution except the first you'd have less than half as much byteball vs if you had gotten in the first round, due to the 10% interest on existing byteball.  Kinda wish the distribution rounds had been more even since this heavily favors the big early players like ICONOMI over people learning about it now. 

[vlom]

i still was not able to create a smart contract. i just don't get after reading this: https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab

is there an how to for dummies?

[davidoski]

i still was not able to create a smart contract. i just don't get after reading this: https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab

is there an how to for dummies?

First you need to find somebody (a person)  to be a party (peer) to your contract. Than you need to pair your device inside wallet with that other person and you can offer a contract via chat. When your peer accepts your contract offer - BOOM! It's done - peer-to-peer contract.

[b-cause]

How many Gbyte on the first distribution,if I have 1 btc?

At round 1 10% of all Bytes were distributed and ~ 70k bitcoin were linked.
People got about 1,4GB / linked BTC, approx. 20 times more than now.

[bitcoinuserz]

This night (2:59), Byteball exist 3000 hours (125 days).

Gratulation tony & community - well done.

best community ever.

Am I only one thinking about the game "Plague"? LMAO

Upgrade our virus!!!!!! 

[BTCspace]

do not Pump byteball too hard..we are still at early age.

[sunchunlei]

Don't light wallet cannot receive blackbyteball?I am light wallet byteball how to receive byteball, this is I use before April 12th byteball address TBXDQ7QBVGLJVTLKHY7AZH5RUTGBWLMH because cannot receive blackbyteball now I use the signature style to use the new address QHWTSUTXBPZXGTCSKAS3PMIYB5NJD24M 27G, light wallet how to receive blackbyteball.Because light wallet not synchronized into a full wallet

[pwpwpw]

do not Pump byteball too hard..we are still at early age.

who do you think "pumps" it now ? these are long term holders who want to get in before it reaches parity with btc.

[Karartma1]

The value of Bytes is simply unbelievable
 

[bobo012]

This hasn't even pumped yet, market cap is relatively small. Technology is good.
People are slowly realising the potential of byteball. Also they are buying for the next distributions.

[Shiver]

it was a huge amount more than all the other rounds. maybe 7gb per 1 btc or something.

A quick look at my history, it was about 1.5GB per BTC or something close to that.


I also bought some BB but that didn't get accounted for until the next air drop, so maybe the numbers aren't exact.

[Shiver]

I hope it doesn't pump either, it would be bad for image.  If 1GB is sold at a high price but it is standing on fresh air and nothing supporting it, it will get a bad reputation as P and D.  Gentle growth as use cases come along would make it much more solid.

One more reason why I think another 1% should be put aside for would be developers.  It would be in all our interests.

[vlom]

i still was not able to create a smart contract. i just don't get after reading this: https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab

is there an how to for dummies?

First you need to find somebody (a person)  to be a party (peer) to your contract. Than you need to pair your device inside wallet with that other person and you can offer a contract via chat. When your peer accepts your contract offer - BOOM! It's done - peer-to-peer contract.

thank you very much. i will try it. have a nice weekend.