Obyte: Totally new consensus algorithm + private untraceable payments

[cointron]

Test Bytes from bot will remain when test ends?

They'll remain test bytes, i.e. worthless.

OK, thanks.-

[cointrader83]

its still a testnet right? so no real coins exist yet

Correct.
Livenet to be launched in about two months.

Mainet will be launch later.

[ICOcountdown.com]

Congratulations BYTEBALL has been added to http://icocountdown.com

I know it's not really crowdsale but I want to make sure people are aware of the opt-in.

Thanks!

[tonych]

So will there be a time/window, to claim and that is it?

Is it going to be a 1:x ratio, and what's going to happen to the coins unclaimed?

There will be a time/window, it'll be announced later, watch this thread.

Unclaimed coins are impossible by design: all 98% to be claimed will be distributed in proportion to the balance of linked bitcoin addresses.

The math is very simple.  If the balance of all your linked bitcoin addresses is 100 BTC, and the total balance of all linked bitcoin addresses of all users is 1,000,000 BTC, then this is the number of bytes that will be yours:

100 / 1000000 * 0.98 * 10¹⁵ = 98,000,000,000

[ICOcountdown.com]

So will there be a time/window, to claim and that is it?

Is it going to be a 1:x ratio, and what's going to happen to the coins unclaimed?

There will be a time/window, it'll be announced later, watch this thread.

Unclaimed coins are impossible by design: all 98% to be claimed will be distributed in proportion to the balance of linked bitcoin addresses.

The math is very simple.  If the balance of all your linked bitcoin addresses is 100 BTC, and the total balance of all linked bitcoin addresses of all users is 1,000,000 BTC, then this is the number of bytes that will be yours:

100 / 1000000 * 0.98 * 10¹⁵ = 98,000,000,000

How long have you been working on this concept for? The whitepaper has some very interesting cryptographic methods.

[EpyxZ]

Quick question, whats going to stop me from linking all of Satoshi Nakamoto's accounts? What kind of verification process is going to be in place to ensure that coins claimed are on a btc balance the claimer controls?
(not being negative, questions have to be asked)

[tonych]

So will there be a time/window, to claim and that is it?

Is it going to be a 1:x ratio, and what's going to happen to the coins unclaimed?

There will be a time/window, it'll be announced later, watch this thread.

Unclaimed coins are impossible by design: all 98% to be claimed will be distributed in proportion to the balance of linked bitcoin addresses.

The math is very simple.  If the balance of all your linked bitcoin addresses is 100 BTC, and the total balance of all linked bitcoin addresses of all users is 1,000,000 BTC, then this is the number of bytes that will be yours:

100 / 1000000 * 0.98 * 10¹⁵ = 98,000,000,000

How long have you been working on this concept for? The whitepaper has some very interesting cryptographic methods.

Thank you adding Byteball to ICOcountdown!
It took about 22 months from the first idea (which was DAG instead of blockchain) to the final concept implemented in code.

[tonych]

Quick question, whats going to stop me from linking all of Satoshi Nakamoto's accounts? What kind of verification process is going to be in place to ensure that coins claimed are on a btc balance the claimer controls?
(not being negative, questions have to be asked)

If you are Satoshi, you are most welcome!!
If you are not, you probably can't use his keys.  To verify that you own the keys, we'll ask you to make a small 0.001 BTC payment from the address you claim to own.

[EpyxZ]

Quick question, whats going to stop me from linking all of Satoshi Nakamoto's accounts? What kind of verification process is going to be in place to ensure that coins claimed are on a btc balance the claimer controls?
(not being negative, questions have to be asked)

If you are Satoshi, you are most welcome!!
If you are not, you probably can't use his keys.  To verify that you own the keys, we'll ask you to make a small 0.001 BTC payment from the address you claim to own.

Thanks for the fast response and answer. I wish i was him :p

[MisO69]

Money supply

The total number of bytes is 10¹⁵, all bytes will be issued in the genesis transaction. Since the fees paid are returned into the circulation, the money supply will remain the same.

1 Quadrillion coins is a little much don't ya think? Forget about BTC and LTC markets. Doge markets is where this one will be traded..such wow.

1,000,000,000,000,000

[tonych]

Money supply

The total number of bytes is 10¹⁵, all bytes will be issued in the genesis transaction. Since the fees paid are returned into the circulation, the money supply will remain the same.

1 Quadrillion coins is a little much don't ya think? Forget about BTC and LTC markets. Doge markets is where this one will be traded..such wow.

1,000,000,000,000,000

I don't think it's too much.  For comparison, Bitcoin is going to have 2.1 quadrillion satoshi (1 BTC = 10⁸ satoshi) when all bitcoins are mined.  Byte, like satoshi, is the smallest currency unit.

[Sam123]

interesting. Will download it tonight.
Thanks

[durerus]

Watching with increasing interest. 

[tonych]

any wallet for win 32 dev?
I have already download but win 64.
its not compatibel for 32bits. 

Try this: https://github.com/byteball/byteball/releases/download/v0.1.1/Byteball-test-win32.exe.
This 32bit version works on my win64, you will be the first to try it in win32.

Please report if it worked.  Then I'll add the link to the OP.

[vlight]

Very interesting distribution method. The equivalent to this would be as if you collect the BTC, distribute "byteballs" in proportion to the amount sent, refund BTC to the investors.

Also, it seems fair that you give time for IOTA to hit the exchanges

[rnr]

Why not cap the max amount? Lets say 10 or 20 BTC. It would be nice if there would be a balanced distribution without giant "whales"!!

I have no idea how you want to check if someone use several addresses. But it would help to keep the exchanges out.

Or like NEM has done. But i can imagine that this would gives you a huge effort to check the claims.

[Sam123]

How to prevent somebody from buying a lot of BTC's just before snapshot of bitcoin blockchain and then sell back the BTC to just keep the BYTE in his account.

[Aabcde]

I cannot download it from playstore. It says not compatible. Could you lower it again to Jellybean, sir?

[tonych]

I cannot download it from playstore. It says not compatible. Could you lower it again to Jellybean, sir?

It requires the newer technology that is only there in 4.4+, sorry.

[tonych]

Why not cap the max amount? Lets say 10 or 20 BTC. It would be nice if there would be a balanced distribution without giant "whales"!!

I have no idea how you want to check if someone use several addresses. But it would help to keep the exchanges out.

Or like NEM has done. But i can imagine that this would gives you a huge effort to check the claims.

As you correctly noted yourself, whales will use several addresses, it won't work.