Obyte: Totally new consensus algorithm + private untraceable payments

[zanzibar]

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.

I think that's a great distribution model, you won't get people complaining about early adopter advantages when distribution % increases with time, should potentially bring in a lot more people, especially if Byteball hits exchanges before distribution is over.

[SVMcoin]

I am spreading the words, any bounty?

Never to work with a scammer and blackmailer .

Ok,let me tell you about the truth: first btc12 published some posts ,then blackmail to the creator for the money.
If not meet his demand,he will troll and bullshit the project again and again.

He trolled many projects,Wings,SingularDTV,Komodo,BlockCDN,DECENT...

I have disclosed his shit scam and blackmail behavior here.
https://bitcointalk.org/index.php?topic=1642552.0

[damnMscollec]

I am spreading the words, any bounty?

Never to work with a scammer and blackmailer .

Ok,let me tell you about the truth: first btc12 published some posts ,then blackmail to the creator for the money.
If not meet his demand,he will troll and bullshit the project again and again.

He trolled many projects,Wings,SingularDTV,Komodo,BlockCDN,DECENT...

I have disclosed his shit scam and blackmail behavior here.
https://bitcointalk.org/index.php?topic=1642552.0

I thought btc12 was good, but it seems i am wrong. He promoted for many paid scams on his site, like opair. Singulardtv was paid on there too, after ico they do not pay more, btc12 started to attack them

His action now looks like icocountdown, they blackmail devs, if devs not pay, they will defame projects, nice job dude to disclose their shady behaviours.

icocountdown asked for $400 listing fee per week, shady guy too.

[cyberhacker]

I am spreading the words, any bounty?

Never to work with a scammer and blackmailer .

Ok,let me tell you about the truth: first btc12 published some posts ,then blackmail to the creator for the money.
If not meet his demand,he will troll and bullshit the project again and again.

He trolled many projects,Wings,SingularDTV,Komodo,BlockCDN,DECENT...

I have disclosed his shit scam and blackmail behavior here.
https://bitcointalk.org/index.php?topic=1642552.0

I thought btc12 was good, but it seems i am wrong. He promoted for many paid scams on his site, like opair. Singulardtv was paid on there too, after ico they do not pay more, btc12 started to attack them

His action now looks like icocountdown, they blackmail devs, if devs not pay, they will defame projects, nice job dude to disclose their shady behaviours.

icocountdown asked for $400 listing fee per week, shady guy too.

CDN我们友情结束合作，因为一些外部条件达不到。
i terminate CDN  cooperation friendly due to some condition is not coming to our terms.

WINGS 20日还在问我有没有意向合作，我这里实在没兴趣。
wings ask for cooperation possibility, but i have no interest in any DAOs. We have twitter DM message as proof.

DECENT我是跟他们聊了很久，表示不看好。

I talked nicely with DECENT founder, but at last I post an article to express my doubt.

作为全网第一个揭发KIBO的人，我还觉得挺自豪的。

I am proud to be one of first guys debunking KIBO ponzi.


什么时候要求广告商变成投放一方的马仔，一定要唱多呢？

indeed i put some shay ads for some shitty project. but am i the only one?    I saw KIBO, KIMODO scam like ad every where.

Or do i have to applaud any bullshit like KIMODO?

DTV我提醒朋友们要破发，似乎做的还不错。

even i get advertisement fee from DTV. my friends ask for my opinion,  am i right to tell him it may drop under ICO price if not listed on polo?

不知道你这个怂货 做过几件漂亮事情。

I think i did most things right.  and don't know if the guy trying to fud me has ever done something make him proud of.


I am keep finding good project and debunk scams. and stay away with what i don't like.

and as someone said since when i have to underwrite all the big for nothing ICOs? I am only the advertiser. right ?

[kanoptx]

I am spreading the words, any bounty?

Never to work with a scammer and blackmailer .

Ok,let me tell you about the truth: first btc12 published some posts ,then blackmail to the creator for the money.
If not meet his demand,he will troll and bullshit the project again and again.

He trolled many projects,Wings,SingularDTV,Komodo,BlockCDN,DECENT...

I have disclosed his shit scam and blackmail behavior here.
https://bitcointalk.org/index.php?topic=1642552.0

I thought btc12 was good, but it seems i am wrong. He promoted for many paid scams on his site, like opair. Singulardtv was paid on there too, after ico they do not pay more, btc12 started to attack them

His action now looks like icocountdown, they blackmail devs, if devs not pay, they will defame projects, nice job dude to disclose their shady behaviours.

icocountdown asked for $400 listing fee per week, shady guy too.

CDN我们友情结束合作，因为一些外部条件达不到。
i terminate CDN  cooperation friendly due to some condition is not coming to our terms.

WINGS 20日还在问我有没有意向合作，我这里实在没兴趣。
wings ask for cooperation possibility, but i have no interest in any DAOs. We have twitter DM message as proof.

DECENT我是跟他们聊了很久，表示不看好。

I talked nicely with DECENT founder, but at last I post an article to express my doubt.

作为全网第一个揭发KIBO的人，我还觉得挺自豪的。

I am proud to be one of first guys debunking KIBO ponzi.


什么时候要求广告商变成投放一方的马仔，一定要唱多呢？

indeed i put some shay ads for some shitty project. but am i the only one?    I saw KIBO, KIMODO scam like ad every where.

Or do i have to applaud any bullshit like KIMODO?

DTV我提醒朋友们要破发，似乎做的还不错。

even i get advertisement fee from DTV. my friends ask for my opinion,  am i right to tell him it may drop under ICO price if not listed on polo?

不知道你这个怂货 做过几件漂亮事情。

I think i did most things right.  and don't know if the guy trying to fud me has ever done something make him proud of.


I am keep finding good project and debunk scams. and stay away with what i don't like.

and as someone said since when i have to underwrite all the big for nothing ICOs? I am only the advertiser. right ?

you are making accusations without proof. why is kibo a ponzi? and why is komodo "bullshit"?

[ParmaBTC]

is this discussion about byteball ? speak here about byteball project even if it is not self-moderated
thanks
if cyberhacker if ransomscammer he will never get paid

[OnkelPaul]

My desktop wallet takes ages to sync, and sometimes there is no change in the database for half an hour or more. Is this normal? Maybe this is related to the relatively small number of testnet nodes, is it possible to connect to a different one for faster sync?
The mobile wallet also had some performance issues, but synced a lot faster since it does not store the database locally.

Onkel Paul

[gembira]

My desktop wallet takes ages to sync, and sometimes there is no change in the database for half an hour or more. Is this normal? Maybe this is related to the relatively small number of testnet nodes, is it possible to connect to a different one for faster sync?
The mobile wallet also had some performance issues, but synced a lot faster since it does not store the database locally.

Onkel Paul

yeahh @paul is normal,I also just had to wait for half an hour, sometimes up to 2 hours to sync network 

[tonych]

My desktop wallet takes ages to sync, and sometimes there is no change in the database for half an hour or more. Is this normal? Maybe this is related to the relatively small number of testnet nodes, is it possible to connect to a different one for faster sync?
The mobile wallet also had some performance issues, but synced a lot faster since it does not store the database locally.

Onkel Paul

yeahh @paul is normal,I also just had to wait for half an hour, sometimes up to 2 hours to sync network 

The sync does take time.  We are currently working to make it faster.
A recent full sync on my Mac took 4 hours, other users reported from 5 hours to days.
It is not normal that the database doesn't change during sync for more than a few seconds.  If it happens, please right-click, click "Inspect background page", and see the Console.  Normally, it updates very fast during sync.  If it doesn't, please PM me the entire contents of the Console.

We have sufficient number of well-connected nodes and the wallet automatically discovers them, this shouldn't be an issue.

[Sindren]

I'm affraid about 'fair' distribution - what when e.g. exchanges like polo, trex etc link their btc hotwallets - they will get bytes from our btc

[axxo]

I'm affraid about 'fair' distribution - what when e.g. exchanges like polo, trex etc link their btc hotwallets - they will get bytes from our btc

There's nothing you can do about it, rules already set in stone. Exchanges can do whatever they want, it's their choice to distribute byteball or not.

[SVMcoin]

I am spreading the words, any bounty?

Never to work with a scammer and blackmailer .

Ok,let me tell you about the truth: first btc12 published some posts ,then blackmail to the creator for the money.
If not meet his demand,he will troll and bullshit the project again and again.

He trolled many projects,Wings,SingularDTV,Komodo,BlockCDN,DECENT...

I have disclosed his shit scam and blackmail behavior here.
https://bitcointalk.org/index.php?topic=1642552.0

I thought btc12 was good, but it seems i am wrong. He promoted for many paid scams on his site, like opair. Singulardtv was paid on there too, after ico they do not pay more, btc12 started to attack them

His action now looks like icocountdown, they blackmail devs, if devs not pay, they will defame projects, nice job dude to disclose their shady behaviours.

icocountdown asked for $400 listing fee per week, shady guy too.

YES! The shit guy also defame kibo ,DAO and others.
Reason is simple,he just want to blackmail money.

[SushiNoTomato]

I'm affraid about 'fair' distribution - what when e.g. exchanges like polo, trex etc link their btc hotwallets - they will get bytes from our btc

There's nothing you can do about it, rules already set in stone. Exchanges can do whatever they want, it's their choice to distribute byteball or not.

So BYTEBALL is collapsing even before it has officially started ? It seems as if people have just realized the way how to game the system a bit like CLAMS with SnapShots.

I agreed the concept is different to the usual but the above might be why it is rarely used.

[Sindren]

I'm affraid about 'fair' distribution - what when e.g. exchanges like polo, trex etc link their btc hotwallets - they will get bytes from our btc

There's nothing you can do about it, rules already set in stone. Exchanges can do whatever they want, it's their choice to distribute byteball or not.

So BYTEBALL is collapsing even before it has officially started ? It seems as if people have just realized the way how to game the system a bit like CLAMS with SnapShots.

I agreed the concept is different to the usual but the above might be why it is rarely used.

also when you'll get free money, many ppl dump it to 0 price - simple because it's free. think that you MUST pay something for it - mining, ico etc.

[CryptKeeper]

I'm affraid about 'fair' distribution - what when e.g. exchanges like polo, trex etc link their btc hotwallets - they will get bytes from our btc

There's nothing you can do about it, rules already set in stone. Exchanges can do whatever they want, it's their choice to distribute byteball or not.

So BYTEBALL is collapsing even before it has officially started ? It seems as if people have just realized the way how to game the system a bit like CLAMS with SnapShots.

I agreed the concept is different to the usual but the above might be why it is rarely used.

It's not sure yet, what role (if any) exchanges will play. They could distribute the bytes to their customers or they could simply not participate at all!

With the new distribution scheme spanning several months, there is plenty of time for correction if it becomes apparent that exchange wallets influence the distribution too much.

[moonfrog]

Any project concerning with DAG-chain is playing on edge of advanced technologies. Keep watching.

[Krypt]

DAG-chain

"DAG-chain" is oxymoron. It's better to use a technology neutral term "DAG distributed ledger".

[Jabbawa]

I'm very impressed by all of this Anton, like seriously, kudos to you.

If the functionality plays out as expected then you will have built something very useful. It shows a lot of established cryptos up for what they really are (unoriginal and not very disruptive).

I love your distribution idea. I say that as someone who holds 95% of his portfolio in alts. There is no way I can sell hundreds of btc of these alts and then buy them back without taking a huge hit, so I won't be able to get as much as I'd like. Nevertheless, I can appreciate the distribution system you are using and I think most of the arguments against it are weak. I think it seems very fair and extremely interesting. I applaud your motives (adoption) and your lack of the usual short-sighted greed. The only fair criticism that I'd see as desirable to avoid is the exchanges and other ico wallets with 1000s of btc that aren't really 'theirs' suddenly having 'too much' to be beneficial for byteball. Given the privacy implications for byteball I would not want any centralised authorities or businesses being able to coordinate to cause issues for it (against their own financial interest in byteball, but for their own financial interest in other ways). The only way around that that I can see would be to combine a wallet cap size and take a snapshot now of the biggest known wallets from exchanges and blacklist those addresses. I'm not sure many exchanges will go to great lengths to move customer coins around and split them up for an unknown new coin (sounds like a security nightmare for a big exchange), especially if they have to do it several times. At least it might put a few off doing that in the first couple of stages, so they will end up with MUCH less. I'm afraid that an exchange with tens of thousands of btc and the multiplier effect of 4 rounds will end up meaning the whole supply is dominated by a handful of market makers who might have an interest in seeing byteball fail.

I'm not really sure whether I think this is a huge issue, but I do agree you should have more of a think about the biggest, centralised wallets that hold coins for their customers rather than their own (I'd include some of the bigger recent ico's in that too myself )

I have a lot of respect for you at this point though Anton, so if you really don't think these super wallets (that will probably have a lot more than your 1%) would cause a problem then fair enough. No one is investing anything here anyway so it is 100% your gamble to take, win or lose.

Good luck with it all dude, I almost wish it was an ICO so I could contribute/support the project lol. /thumbs up

[zanzibar]

Why not set a cap on how much BTC can be linked to Byteball account per user, say 100btc, verified by BTT profile that was created before the OP. That way you can avoid someone with 10k BTC claiming 90% of all Byteball.

[loremipsum]

 I would like to invest in byteball but I don't have any BTC, only altcoins. Is there anyway to invest?