Obyte: Totally new consensus algorithm + private untraceable payments

[tonych]

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.

It's absolutely possible, what's wrong with it?

[glerant]

Are you both saying that exchanges will use their customers' bitcoins to claim bytes for themselves?

Why not? All they need to do is link their BTC addresses.

After all, you don't get POS rewards from exchange balances.

[metamorphin]

*pinned*

[tonych]

Are you both saying that exchanges will use their customers' bitcoins to claim bytes for themselves?

Why not? All they need to do is link their BTC addresses.

After all, you don't get POS rewards from exchange balances.

Well, technically they can do it, if they don't care what people think when it is uncovered.

[Aabcde]

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.

So sad to hear that it's not for mass but only for the one who have newer tech.

[Alfred Dulaire]

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.

It's absolutely possible, what's wrong with it?

thank you for the idea.
I don't even need to buy some bitcoin, just move some of my stack in a new address then put them back away.

[ever_3x]

I am try to sent some byte to other addy but can not

[danel]

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.

So sad to hear that it's not for mass but only for the one who have newer tech.

And this also design for the rich people, the more btc you have the more byteball you will get.

[metamorphin]

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.

So sad to hear that it's not for mass but only for the one who have newer tech.

And this also design for the rich people, the more btc you have the more byteball you will get.

no. you could increase your funds, when u run from one ico to another one. ;-)
To get rich is more work than you thought, instead of waiting for the lottery.

Greetz
Steve

[tonych]

I am try to sent some byte to other addy but can not

If you copy the error message, I can try to help.

[sotisoti]

Is there any IRC channel or slack group for discussions?

[tonych]

Is there any IRC channel or slack group for discussions?

This forum so far.

[EpyxZ]

And this also design for the rich people, the more btc you have the more byteball you will get.

Yep great idea but as I am a poor person I will end up poor during swap. poor is poor and rich is rich. Kind of pointless to give those who have LOADS of btc more free money. But thats how its gonna work

[durerus]

And this also design for the rich people, the more btc you have the more byteball you will get.

Yep great idea but as I am a poor person I will end up poor during swap. poor is poor and rich is rich. Kind of pointless to give those who have LOADS of btc more free money. But thats how its gonna work

But it is an elegant way to solve the problem of initial distribution. You can always buy on the market later, if you see higher potential and want to invest money.

[dannyman]

And this also design for the rich people, the more btc you have the more byteball you will get.

Yep great idea but as I am a poor person I will end up poor during swap. poor is poor and rich is rich. Kind of pointless to give those who have LOADS of btc more free money. But thats how its gonna work

You could in theory get a short term loan and then pay it back.

There aren't that many people that have like more than .1 of Bitcoin anyway, generally speaking its a very good distribution. Also anyone with Bitcoin is richer than the majority of the world that have none. You are the 1% if you own Bitcoin

[dannyman]

How is it going to work with 1 Trillion coins? That means the lowest price possible of .00000001 will mean a market cap of 6million!

[LiQio]

And this also design for the rich people, the more btc you have the more byteball you will get.

Yep great idea but as I am a poor person I will end up poor during swap. poor is poor and rich is rich. Kind of pointless to give those who have LOADS of btc more free money. But thats how its gonna work

But it is an elegant way to solve the problem of initial distribution. You can always buy on the market later, if you see higher potential and want to invest money.

It's not so elegant if you look at some of the biggest players and their behavior.

[tonych]

How is it going to work with 1 Trillion coins? That means the lowest price possible of .00000001 will mean a market cap of 6million!

1 quadrillion actually.
For more convenient numbers, we'll use standard prefixes: Kbytes, MB, GB.

[dannyman]

How is it going to work with 1 Trillion coins? That means the lowest price possible of .00000001 will mean a market cap of 6million!

1 quadrillion actually.
For more convenient numbers, we'll use standard prefixes: Kbytes, MB, GB.

Oh only a quadrillion, oh that's ok then, you should of said...no problemo.

[superresistant]

 
Haha the first IOTA's fork.
That's a good sign.