Obyte: Totally new consensus algorithm + private untraceable payments

[kaicrypzen]

So, basically, what you are confirming is that there is currently no way to specify an address for use for the ICO.  Correct?

Yep, linking your BTC address to your Byteball address is not yet possible. According to the last announcement:

3.  The linking phase (when you link your Byteball and Bitcoin addresses) of the 1st round will start in early December or late November.

You'll be able to test the linking in November:

6.  We’ll run a test flight of the distribution in November.  You will be able to link your Bitcoin testnet address to your Byteball testnet address, and the distribution will be proportional to your BTC testnet balance.

[1714212269]

1714212269

[zanzibar]

I am, like many people have expressed, disappointed that people with lot's of BTC will be rewarded significantly more than those further down the food chain. Whilst I believe in capitalism and all that, I still find it hard to believe that if I wanted to really get behind this project someone who's sat on their arse doing nothing with 1000 BTC claimed will likely have 100 times more incentive than me to do so. The fundamental difference is that this is not an 'equal opportunity for all' or a socialist 'equality of outcome' but rather a perverted 'opportunity significantly weighted for the rich' without any risk involved which is a key differentiator. Not to get into all that but it's a shame and I hope it doesn't come back to haunt the project.

Maybe the wallet is malware and will steal your Bitcoin, so the creator is targeting people with larger sums.

This is a serious accusation, please rethink before you write something like that!
Check the whitepaper, check the source code, check the real identity of the developer and stop spreading FUD!
 

It was more of a joke, but I do think it's important for everyone to be very careful when dealing with new crytpo's and linking BTC accounts, etc.

[Krypt]

It was more of a joke

That was a bad one.

[tyz]

I have recently read on a German blog that Byteball distribution will start somewhere in October or November. Are there any more closer details? When and how it will be conducted?

[kaicrypzen]

I have recently read on a German blog that Byteball distribution will start somewhere in October or November. Are there any more closer details? When and how it will be conducted?

There has been a new announcement about the dates and the way the distribution will be carried out, check https://bitcointalk.org/index.php?topic=1608859.msg16569906#msg16569906 for the details.

[zanzibar]

It was more of a joke

That was a bad one.

Yeah, I'm not known for my jokes.

[tonych]

French translation: https://bitcointalk.org/index.php?topic=1618787.  Thank you kaicrypzen!

[ParmaBTC]

Experiencing some problem with Blackbytes send
Receiving works fine, just a couple of seconds after addressing ("insert my address") blackbytes transaction appears

I have two bytes wallets
Sending blackbytes from wallet 1 to wallet 2 cause an error message like this: use device address. Error persist using device address

 

[tonych]

Experiencing some problem with Blackbytes send
Receiving works fine, just a couple of seconds after addressing ("insert my address") blackbytes transaction appears

I have two bytes wallets
Sending blackbytes from wallet 1 to wallet 2 cause an error message like this: use device address. Error persist using device address

You should send blackbytes _only_ by clicking an address or payment request in chat.  We'll update the UI in the future release to avoid confusion.

[zanzibar]

@tonych Is there a good tutorial for linking BTC account with Byteball, it's still a bit unclear to me on how exactly that's done. Thanks.

[galaxiekyl]

BBs wallet 1.0 or 0.1 will be in downloading how much time before claiming, pls ? all support ?

[tonych]

@tonych Is there a good tutorial for linking BTC account with Byteball, it's still a bit unclear to me on how exactly that's done. Thanks.

You'll link accounts in December.
Before that, in November, we'll run a test flight of the distribution: you'll be able to link testnet Byteball to testnet Bitcoin.  I'll announce when we start the test flight.

[zanzibar]

@tonych Is there a good tutorial for linking BTC account with Byteball, it's still a bit unclear to me on how exactly that's done. Thanks.

You'll link accounts in December.
Before that, in November, we'll run a test flight of the distribution: you'll be able to link testnet Byteball to testnet Bitcoin.  I'll announce when we start the test flight.

Okay, thank you.

[jstern]

Most epic thing so far is when Anton says Byteball in the video sometimes it sounds like he's saying Bible...   lol   

Where's the video?

[jstern]

Where's the video?

https://www.youtube.com/watch?v=zjT7wQNg_s4

Thank you very much.

[ParmaBTC]

Where's the video?

https://www.youtube.com/watch?v=zjT7wQNg_s4

Thank you very much.

any problem with BTT search funcion ?
it works fine , trust us

[zrunfeng]

Looks like good,when can i in

[CryptKeeper]

Looks like good,when can i in

Linking phase will start early december or late november as stated here:
https://bitcointalk.org/index.php?topic=1608859.msg16569906#msg16569906

[lordoliver]

Important announcement.

1.  I've significantly underestimated the amount of time and work required to build a large enough community around Byteball.  Also, there is development work to be done that's unlikely to be completed and properly tested before the originally planned launch date in early November.  That's why I'm pushing back the launch date to Christmas.  The snapshot will be taken on the first Bitcoin block timestamped on or after December 25, 2016 00:00:00 UTC (Christmas block).  I’ll begin to send out bytes in the afternoon of Dec 25, unless there are major reorgs on the Bitcoin network.

2.  I stay true to my original intention to distribute 98% for free, but find it useful to split the distribution into several pieces.  On December 25, we’ll distribute only 10%.  A month later, we’ll make a new snapshot and distribute another 20%.  Two months later, the next 30%.  Three months later, the remaining 38%.  The exact numbers may me adjusted depending on the results of previous rounds and the progress of the address linking campaign.

The reason I chose to split the distribution into several rounds is that it gives more people an opportunity to participate.  It is impossible to reach every Bitcoin holder before livenet is launched.  We’ll make news by distributing the first 10%, the network will become fully functional, hopefully we’ll get listed on exchanges, all that will help many more people notice Byteball.  Each subsequent distribution round will have similar effect.

In each distribution round, we take a new snapshot.  Exactly as previously advertised, the amount of bytes you receive in the 1st round will be proportional to the BTC balances that you show on the linked Bitcoin addresses in the Christmas block.

The 2nd and subsequent rounds are slightly different.  You show both your BTC balances (as before) and your balance in bytes.  You have a sort of basket that consists of a mixture of BTC and bytes.  To determine the weight of the basket, every 62.5 MB are counted as 1 BTC.  For example, if you have 125 MB and 3 BTC, the weight is 2+3=5 BTC.  The distribution of new bytes on the 2nd and subsequent stages is proportional to the weight of your basket.

The ratio 62.5 MB per 1 BTC is chosen so that the total money supply of bytes (10¹⁵) and the total number of BTC in circulation (16,000,000) are equivalent.

Earlier adopters have the opportunity to participate in greater number of distribution rounds and receive new bytes in each round by using the same BTC balance and bytes received in previous rounds.  You are effectively doubling your stake in each additional round you take part in.

3.  The linking phase (when you link your Byteball and Bitcoin addresses) of the 1st round will start in early December or late November.

4.  We’ll run more active marketing in the coming months to grow our community before the 1st distribution round.

5.  We doubled our development team: my colleague https://github.com/kakysha (not a real photo) is already helping me improve the wallet.

6.  We’ll run a test flight of the distribution in November.  You will be able to link your Bitcoin testnet address to your Byteball testnet address, and the distribution will be proportional to your BTC testnet balance.

https://twitter.com/ByteballOrg/status/787248332469112836

the split of the distribution sounds good, but why don't you do it like nxt->ardor on more splits (daily?)
With your concept people can still sell a huge amount of coins between the splits.

i think this is also more practicable, because like this people will borrow some money / shortly sell other coins for a few minutes only...

[tonych]

Important announcement.

1.  I've significantly underestimated the amount of time and work required to build a large enough community around Byteball.  Also, there is development work to be done that's unlikely to be completed and properly tested before the originally planned launch date in early November.  That's why I'm pushing back the launch date to Christmas.  The snapshot will be taken on the first Bitcoin block timestamped on or after December 25, 2016 00:00:00 UTC (Christmas block).  I’ll begin to send out bytes in the afternoon of Dec 25, unless there are major reorgs on the Bitcoin network.

2.  I stay true to my original intention to distribute 98% for free, but find it useful to split the distribution into several pieces.  On December 25, we’ll distribute only 10%.  A month later, we’ll make a new snapshot and distribute another 20%.  Two months later, the next 30%.  Three months later, the remaining 38%.  The exact numbers may me adjusted depending on the results of previous rounds and the progress of the address linking campaign.

The reason I chose to split the distribution into several rounds is that it gives more people an opportunity to participate.  It is impossible to reach every Bitcoin holder before livenet is launched.  We’ll make news by distributing the first 10%, the network will become fully functional, hopefully we’ll get listed on exchanges, all that will help many more people notice Byteball.  Each subsequent distribution round will have similar effect.

In each distribution round, we take a new snapshot.  Exactly as previously advertised, the amount of bytes you receive in the 1st round will be proportional to the BTC balances that you show on the linked Bitcoin addresses in the Christmas block.

The 2nd and subsequent rounds are slightly different.  You show both your BTC balances (as before) and your balance in bytes.  You have a sort of basket that consists of a mixture of BTC and bytes.  To determine the weight of the basket, every 62.5 MB are counted as 1 BTC.  For example, if you have 125 MB and 3 BTC, the weight is 2+3=5 BTC.  The distribution of new bytes on the 2nd and subsequent stages is proportional to the weight of your basket.

The ratio 62.5 MB per 1 BTC is chosen so that the total money supply of bytes (10¹⁵) and the total number of BTC in circulation (16,000,000) are equivalent.

Earlier adopters have the opportunity to participate in greater number of distribution rounds and receive new bytes in each round by using the same BTC balance and bytes received in previous rounds.  You are effectively doubling your stake in each additional round you take part in.

3.  The linking phase (when you link your Byteball and Bitcoin addresses) of the 1st round will start in early December or late November.

4.  We’ll run more active marketing in the coming months to grow our community before the 1st distribution round.

5.  We doubled our development team: my colleague https://github.com/kakysha (not a real photo) is already helping me improve the wallet.

6.  We’ll run a test flight of the distribution in November.  You will be able to link your Bitcoin testnet address to your Byteball testnet address, and the distribution will be proportional to your BTC testnet balance.

https://twitter.com/ByteballOrg/status/787248332469112836

the split of the distribution sounds good, but why don't you do it like nxt->ardor on more splits (daily?)
With your concept people can still sell a huge amount of coins between the splits.

i think this is also more practicable, because like this people will borrow some money / shortly sell other coins for a few minutes only...

I don't want to force people to lock their funds for extended periods of time.  A currency should be used to buy/sell stuff, not just sit on a pile of coins.

It's OK that people borrow money or sell other coins/fiat for BTC or bytes just before each snapshot.