Obyte: Totally new consensus algorithm + private untraceable payments

[cryptodev2014]

I am interested , getting in.

[CryptKeeper]

Byteball added to CryptoCompare!

https://www.cryptocompare.com/coins/bytes/overview

[someone111]

Can I already create a wallet on the mainnet?

[grzem]

question about  = BLACKBYTES 

See https://bitcointalk.org/index.php?topic=1608859.msg16217906#msg16217906

Still not clear, do we got 2 kind of bytes or one?

[lerecidiviste]

text message inside wallet app



how do i get to on my message list/history  ?

seems i can see only incoming one ? (fresh one)

thanks

[lerecidiviste]

GET LUCKY  


send me 13 blackbytes

S46FYXPNOJCDWFBGVZMNQLB5VL3YQNPN


 

will try send them back asap (testing app)


or do we MUST pair our device first ??

[zanzibar]

Any guestimations on how much BTC will be linked to Byteball accounts during distribution, my guess is 12k BTC total.

[tonych]

question about  = BLACKBYTES 

See https://bitcointalk.org/index.php?topic=1608859.msg16217906#msg16217906

Still not clear, do we got 2 kind of bytes or one?

We've got two currencies:
- bytes: the native currency, transactions are visible to everyone, like in Bitcoin
- blackbytes: untraceable currency, transactions are not public

[tonych]

text message inside wallet app



how do i get to on my message list/history  ?

seems i can see only incoming one ? (fresh one)

For better privacy, your message history is cleared every time you close the app.

[tonych]

GET LUCKY  


send me 13 blackbytes

S46FYXPNOJCDWFBGVZMNQLB5VL3YQNPN


 

will try send them back asap (testing app)


or do we MUST pair our device first ??

You are correct, you have to pair devices first.  It is required only for blackbytes, not for bytes.

[CryptoHobo]

seen alot of tweets about this so have installed the wallet and am syncing now  

where&when should i link a btc address? i see in op it needs to be done by the end of October/beginning of November or have i missed it?

[tonych]

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.

Regarding ICO wallets, I reached out to James (jl777) who is currently running Komodo ICO.  He replied that keeping the received bytes for himself he considers unethical, and he will use the bytes as additional funding for Komodo.

I'm quite happy with this decision and hope other ICO founders will also use their funds responsibly.

I also contacted Christoph Hering, Founder & CEO of BlockPay, which had a pre-ICO not long ago.  His response was like I expected:
"As an ICO Startup, we would prefer option 3. and use the funds in the best interest of our investors. Holding Investor funds is a great responsibility and we need to act responsibly with the funds that do not belong to us."
Option 3 is receiving bytes and using them as additional funding for BlockPay.

[zanzibar]

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.

Regarding ICO wallets, I reached out to James (jl777) who is currently running Komodo ICO.  He replied that keeping the received bytes for himself he considers unethical, and he will use the bytes as additional funding for Komodo.

I'm quite happy with this decision and hope other ICO founders will also use their funds responsibly.

I also contacted Christoph Hering, Founder & CEO of BlockPay, which had a pre-ICO not long ago.  His response was like I expected:
"As an ICO Startup, we would prefer option 3. and use the funds in the best interest of our investors. Holding Investor funds is a great responsibility and we need to act responsibly with the funds that do not belong to us."
Option 3 is receiving bytes and using them as additional funding for BlockPay.

Meaning every group holding significant BTC has only their best interests in mind?

[cryptohunter]

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.

Regarding ICO wallets, I reached out to James (jl777) who is currently running Komodo ICO.  He replied that keeping the received bytes for himself he considers unethical, and he will use the bytes as additional funding for Komodo.

I'm quite happy with this decision and hope other ICO founders will also use their funds responsibly.

I also contacted Christoph Hering, Founder & CEO of BlockPay, which had a pre-ICO not long ago.  His response was like I expected:
"As an ICO Startup, we would prefer option 3. and use the funds in the best interest of our investors. Holding Investor funds is a great responsibility and we need to act responsibly with the funds that do not belong to us."
Option 3 is receiving bytes and using them as additional funding for BlockPay.

Meaning every group holding significant BTC has only their best interests in mind?

Well its better than if they kept the funds for themselves personally. Then again who will really bother to see if they keep to this?

null the top 1 to 2 % of btc wallets from getting BB and do random day snapshot would solve all of these issues or not?

[tonych]

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.

Regarding ICO wallets, I reached out to James (jl777) who is currently running Komodo ICO.  He replied that keeping the received bytes for himself he considers unethical, and he will use the bytes as additional funding for Komodo.

I'm quite happy with this decision and hope other ICO founders will also use their funds responsibly.

I also contacted Christoph Hering, Founder & CEO of BlockPay, which had a pre-ICO not long ago.  His response was like I expected:
"As an ICO Startup, we would prefer option 3. and use the funds in the best interest of our investors. Holding Investor funds is a great responsibility and we need to act responsibly with the funds that do not belong to us."
Option 3 is receiving bytes and using them as additional funding for BlockPay.

Meaning every group holding significant BTC has only their best interests in mind?

Well its better than if they kept the funds for themselves personally.

Exactly my opinion.

Then again who will really bother to see if they keep to this?

Their investors have all reasons to bother, haven't they?

null the top 1 to 2 % of btc wallets from getting BB and do random day snapshot would solve all of these issues or not?

One issue is that exchanges and ICO fundraisers hold coins that don't actually belong to them.  So far it looks solvable.  Any other issues?

[lerecidiviste]

 

gd mrg frds


pls PUSH/HELP   byteball quotation on poloniex



https://poloniex.com/coinRequest


thanks

[lerecidiviste]

issue   =  maybe some can get leverage for there account

and display a higher number of BTC than the real one ...... for free  distribution


example i have 10 btc    leverage x   i display btc x

                       

[lerecidiviste]

 

let's test more the wallet app & build our LUCK


1/ send me 13 byteballs here = KEH3EVIQERUMB56ETUYTLM2AFIVKTFBK

2/ i send them back to you

3/ we can pair our wallets

4/ i send u 13 blackbytes

5/ u send them back to me


 

[lerecidiviste]

 

question what will be the THEORETICAL  average speed of confirmation ?

for byteballs and blackbytes ?

thanks

[cryptohunter]

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.

Regarding ICO wallets, I reached out to James (jl777) who is currently running Komodo ICO.  He replied that keeping the received bytes for himself he considers unethical, and he will use the bytes as additional funding for Komodo.

I'm quite happy with this decision and hope other ICO founders will also use their funds responsibly.

I also contacted Christoph Hering, Founder & CEO of BlockPay, which had a pre-ICO not long ago.  His response was like I expected:
"As an ICO Startup, we would prefer option 3. and use the funds in the best interest of our investors. Holding Investor funds is a great responsibility and we need to act responsibly with the funds that do not belong to us."
Option 3 is receiving bytes and using them as additional funding for BlockPay.

Meaning every group holding significant BTC has only their best interests in mind?

Well its better than if they kept the funds for themselves personally.

Exactly my opinion.

Then again who will really bother to see if they keep to this?

Their investors have all reasons to bother, haven't they?

null the top 1 to 2 % of btc wallets from getting BB and do random day snapshot would solve all of these issues or not?

One issue is that exchanges and ICO fundraisers hold coins that don't actually belong to them.  So far it looks solvable.  Any other issues?

True the investors should take an interest in this. However not all ICO owners will stick to it like jl777 most will just pocket it and most other ICOs don't even have a ledger for how their BTC is spent? so why would they create any ledger for how their byte ball was spent or converted to BTC. You are putting a lot to trust when you have no need to.

Can you simply explain why you are reluctant to null the top 1 or 2 % of BTC wallets? I see no reason to go to all the hassle of asking exchanges and  ico devs to be fair and distribute the BB ...when we can just take them and BTC whales who already super rich out of the equation.

I mean if you are in the top 2% of BTC wallets can you really not afford to buy some BB if you choose? How many BTC do you have to be in the top 2% at this time??

You get the wide distribution but it will be seen as more fair to the crypto community.

For sure this is your thread and for now you are not getting much criticism over rewarding the super rich with the bulk of your coins since people kiss up to the devs in their own thread. However I can GUARANTEE you if this project takes off that will be the MAIN criticism that you will get going forward. All you will hear in later years is this was the coin that rewarded the already crypto rich. Unfaircoin.

I would even suggest nulling the top 5% of wallets or where ever has the most effect on the distribution curve.

Look at coins that can be seen in any way as being unfair lately... this could be seen as tantamount to a huge premine by BTC whales. It looks a great project I would just hate to see it tarnished with that brush. Imagine the manipulation accusations especially if exchanges don't play ball.

It just seems sensible to null the top x% of wallets and do a random snapshot.  Unless there is a good reason not to that I'm not seeing.