Obyte: Totally new consensus algorithm + private untraceable payments

[D3m0nKinGx]

*** REMINDER : DO A FULL BACKUP AFTER YOU RECEIVE ALL YOUR COINS !!! ***

[piebeyb]

Version 0.6.0 released https://github.com/byteball/byteball/releases

Important bugfixes:
* Fixed bugs that caused all newly created wallets to be broken after turning password protection on (thank you galaxiekyl!)
* Fixed crashes while trying to receive private payments with long history

Please upgrade.
Android release is already in Google Play.

I immediately upgraded my wallet, that's cool

[scamkhunt42]

I've a question. I am using CoPay.
This is what happend:
I sent 8.5 BTC to my fresh CoPay wallet.
Then I send the 0.001xxxx BTC for confirmation to Byteball.
But CoPay not just sent the 0.001xxx. They created a new
address for my wallet and sent 0.05 BTC to it.
Now these 0.05 BTC are not longer in my linked account.
How can I get the 0.05 BTC back into the main account?
Anyone using the CoPay app?

[Michail1]

I've a question. I am using CoPay.
This is what happend:
I sent 8.5 BTC to my fresh CoPay wallet.
Then I send the 0.001xxxx BTC for confirmation to Byteball.
But CoPay not just sent the 0.001xxx. They created a new
address for my wallet and sent 0.05 BTC to it.
Now these 0.05 BTC are not longer in my linked account.
How can I get the 0.05 BTC back into the main account?
Anyone using the CoPay app?

I believe you mean that you paid .001xxx to byteball which came from an address (transaction) which you had of .05   So, the rest went back to you in your change address.

Example...
You have $10 bill.   You go to McDonalds and pay $1.25 for a burger.  So, you hand mcds the $10 bill, and they give you $8.75 back (the change)
The change doesn't go back to the same wallet position (pouch).   When you check your wallet, you see a Total amount in all pouches.

If you really look at your bitcoin wallet, you see different amounts in different pouches (different bitcoin addresses you control).

[Xandan]

When the distribution will start as time is over for snapshot taking if I didn't convert wrongly the time zone. I was staying with open wallet to see when I receive some form free distribution.

[D3m0nKinGx]

When the distribution will start as time is over for snapshot taking if I didn't convert wrongly the time zone. I was staying with open wallet to see when I receive some form free distribution.

The last two distros, mine came within 10 hours or so

[statdude]

What are the "Blackbytes" worth for each 1 BTC snapshot, in Byteball MB terms?

[Michail1]

What are the "Blackbytes" worth for each 1 BTC snapshot, in Byteball MB terms?

1BTC = .0625

[tonych]

Block 465811 is going to be the snapshot block.  We are are waiting a few hours to make sure there are no reorgs, then I'll start distributing bytes tomorrow morning.

[someone111]

*** REMINDER : DO A FULL BACKUP AFTER YOU RECEIVE ALL YOUR COINS !!! ***

Is this really necessary? Why? I created a bug before the distribution. I should be save now?

[D3m0nKinGx]

*** REMINDER : DO A FULL BACKUP AFTER YOU RECEIVE ALL YOUR COINS !!! ***

Is this really necessary? Why? I created a bug before the distribution. I should be save now?

Common Practice with any crypto, regardless if you think nothing is wrong , always make regular backups, it covers your ass.

[clovis A.]

It was promised that the distribution formula will change in the future rounds to give more new Bytes to current Byte holders relative to BTC holders.

On June 9 we'll have the 6th round of distribution, and after more than 4 months in the wild and having survived multiple post-distribution dumps, I think now it feels safer than before to participate in the distribution with Bytes, that's why the formula will change in favor of Byte-holders.  Also, I want to accelerate the distribution to minimize the perceived uncertainty connected with undistributed coins.

So, these are the rules for the distribution on June 9 (nothing changes for the today's round):

BTC to bytes: (no change) 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: (no change) 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: (2x increase) 1 byte on any Byteball address gives you 0.2 new bytes
Bytes to blackbytes: (2x increase) 1 byte on linked Byteball address gives you 0.42222 blackbytes

Most excellent!! I haven't missed a single distro yet, nor have I touched the bytes in my wallet; with this announcement, my bytes will certainly remain intact for future distributions.  Keep dem bytes coming, tonych haha

[tobsnn]

Block 465811 is going to be the snapshot block.  We are are waiting a few hours to make sure there are no reorgs, then I'll start distributing bytes tomorrow morning.

perfect tony, thanks for the update. have a good night everybody

[ParmaBTC]

Block 465811 is going to be the snapshot block.  We are are waiting a few hours to make sure there are no reorgs, then I'll start distributing bytes tomorrow morning.

Nice, we are ready here, waiting much more Bytes
Thanks Tony

[flash10101]

Block 465811 is going to be the snapshot block.  We are are waiting a few hours to make sure there are no reorgs, then I'll start distributing bytes tomorrow morning.

So is it save to move my bitcoins already? Or should they stay on the linked address until tomorrow just to be sure?

[scamhunt42]

I've a question. I am using CoPay.
This is what happend:
I sent 8.5 BTC to my fresh CoPay wallet.
Then I send the 0.001xxxx BTC for confirmation to Byteball.
But CoPay not just sent the 0.001xxx. They created a new
address for my wallet and sent 0.05 BTC to it.
Now these 0.05 BTC are not longer in my linked account.
How can I get the 0.05 BTC back into the main account?
Anyone using the CoPay app?

I believe you mean that you paid .001xxx to byteball which came from an address (transaction) which you had of .05   So, the rest went back to you in your change address.

Example...
You have $10 bill.   You go to McDonalds and pay $1.25 for a burger.  So, you hand mcds the $10 bill, and they give you $8.75 back (the change)
The change doesn't go back to the same wallet position (pouch).   When you check your wallet, you see a Total amount in all pouches.

If you really look at your bitcoin wallet, you see different amounts in different pouches (different bitcoin addresses you control).

Hey Michail. No. It's like what I said. I had 1 address in my CoPay wallet.
I send 0.001 from it. But what CoPay did: It sent the 0.001 + 0.05 to a new adress which contains now to my wallet.
The 0.05 are still mine. But now I don't know how to get the 0.05 back to my big address.

[Michail1]

Hey Michail. No. It's like what I said. I had 1 address in my CoPay wallet.
I send 0.001 from it. But what CoPay did: It sent the 0.001 + 0.05 to a new adress which contains now to my wallet.
The 0.05 are still mine. But now I don't know how to get the 0.05 back to my big address.

Which is what I said.  Change address.

But, without seeing the transaction ID, it's hard to explain/guess.  You're welcome to message me directly to work through this, but asking in a forum without any information is simply going to get a lot of guessing done.   What you think and what I think are simply guesswork until we're both looking at the same thing.

[Shiver]

With the new formula starting June 9th, anyone prepared to take a guess as to how many remaining distros (range)?

I'm trying to get a feel as to whether I should swap some BTC for BB.

[flash10101]

I would say around 8 additional rounds. Assuming we have about 200.000 distributed GBYTE after this round:

200.000*(1,2)^8 = 850.000

plus some additional coins for the linked BTC -> We have 1.000.000 after 8 additional rounds. Maybe 7 if there are more and more BTC linked in the upcoming rounds...

[Taxidermista]

The spread in Bittrex is large, trading is not very atractive right now.