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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1178419 times)
bitcoinsforall
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November 11, 2016, 05:27:18 PM
 #1041

Hi,

Do we have any bounties available?

signature campaign/Facebook?

I will like to do an Indian Translation if not reserved


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lerecidiviste
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November 11, 2016, 06:01:13 PM
 #1042

where i can take testnet Bitcoins?
thanks


hello

wallet===


http://testnetwallet.com/wallet

recieve fake BTC fake testnet btc

https://testnet.coinfaucet.eu/en/

gd luck

 Grin
CryptKeeper
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November 11, 2016, 06:12:37 PM
 #1043

where i can take testnet Bitcoins?
thanks


hello

wallet===


http://testnetwallet.com/wallet

recieve fake BTC fake testnet btc

https://testnet.coinfaucet.eu/en/

gd luck

 Grin

An online wallet for bitcoin testnet?  Shocked  How cool is that?  Grin

Thanks for sharing mate!

Another option for android users is the mycelium testnet app:
https://play.google.com/store/apps/details?id=com.mycelium.testnetwallet

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
dreamhouse
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November 11, 2016, 06:32:31 PM
 #1044

A question: this system requires 12 witness, the 12 is randomly chosen right? I can be 120 if needed?

It is one of protocol constants https://github.com/byteball/byteballcore/blob/master/constants.js.
You can choose another number but that'll be another network.

ok thanks for clarifying.


Why we use two set of currency, why not use one and when the user send fund around he can choose if he wants the transaction be private or not?

If it were allowed, a single user who wants to remove privacy would also reveal all previous owners of the coin.

But this could be a problem, that I need to have two separate assets, one for public tx only, another for private tx only. usually people want to do private tx only for some transactions.

So if I understand it correctly, that these are for 3rd party assets transactions, that I can use bytes/blackbytes as the "gas" for their transactions (public or private), but I can't for bytes itself when I consider it as an asset?

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.....DeepVault.....
....Blockchain File Signatures....
...deeponion.org...
Jayjay04
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November 11, 2016, 07:38:31 PM
 #1045

What happens if you send bitcoins from an exchange ?

For verifying your Address?  Huh

Yes ?!

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Hello!
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tonych
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November 11, 2016, 07:45:15 PM
 #1046

But this could be a problem, that I need to have two separate assets, one for public tx only, another for private tx only. usually people want to do private tx only for some transactions.
You'll receive both bytes and blackbytes in the distribution, so both currencies will be quite wide spread.

So if I understand it correctly, that these are for 3rd party assets transactions, that I can use bytes/blackbytes as the "gas" for their transactions (public or private), but I can't for bytes itself when I consider it as an asset?

Bytes are "gas" for all transactions, including those that move only bytes.  Blackbytes are not "gas", it's just a regular asset.

Simplicity is beauty
Dirgantara
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November 11, 2016, 07:50:10 PM
 #1047

Do we got the same portion of Byteball per btc wallet or it depends on how much btc in our wallet?
tonych
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November 11, 2016, 09:51:56 PM
 #1048

Do we got the same portion of Byteball per btc wallet or it depends on how much btc in our wallet?

The more btc you have, the more bytes you'll get.

Simplicity is beauty
teletobi
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November 11, 2016, 10:01:41 PM
 #1049

What happens if you send bitcoins from an exchange ?

For verifying your Address?  Huh

Yes ?!

Hmm first I thought that's stupid. But when I think about it... It depends on the Exchange's wallet System. But maybe you could link their wallet to your Account.

tonych?

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
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tonych
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November 11, 2016, 10:08:06 PM
 #1050

We started our slack channel http://slack.byteball.org/.
Everyone is invited to join.

Simplicity is beauty
teletobi
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November 11, 2016, 10:10:30 PM
 #1051

What happens if you send bitcoins from an exchange ?

For verifying your Address?  Huh

Yes ?!

Hmm first I thought that's stupid. But when I think about it... It depends on the Exchange's wallet System. But maybe you could link their wallet to your Account.

Haha, no, makes no sense. After sending your Transaction the Address is used and empty. So only Thing you do, is linking an empty Address.

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
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tonych
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November 11, 2016, 10:11:58 PM
 #1052

What happens if you send bitcoins from an exchange ?

For verifying your Address?  Huh

Yes ?!

Hmm first I thought that's stupid. But when I think about it... It depends on the Exchange's wallet System. But maybe you could link their wallet to your Account.

tonych?

If an exchange reuses the same address as its hot wallet, you could try.  But you will not be alone.

Simplicity is beauty
CryptKeeper
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November 11, 2016, 11:08:39 PM
 #1053

We started our slack channel http://slack.byteball.org/.
Everyone is invited to join.

Great! Come and join the discussion and get insider news.

Please retweet: https://twitter.com/cryptkeeperbtt/status/797213982444683264

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
dreamhouse
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November 12, 2016, 12:41:40 AM
 #1054

We started our slack channel http://slack.byteball.org/.
Everyone is invited to join.

nice to have a slack group

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.....DeepVault.....
....Blockchain File Signatures....
...deeponion.org...
valley365
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November 12, 2016, 12:50:22 AM
 #1055

It took me 12+ hours to sync the wallet... given that this is only testnet now, I think it will have serious performance issue later on, when we go alive.

We are currently working on improving sync speed.

Also, when link BTC address, my BTC wallet has several addresses, do I need to link all of them? or do I have to transfer BTC to one single address in my wallet?

Both options are available https://bitcointalk.org/index.php?topic=1608859.msg16837694#msg16837694

OK great, will follow it
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November 12, 2016, 12:53:37 AM
 #1056

This seems a very interesting coin... the only part I don't like that much is the witness. Witness can go bad or be hacked, and 12 seems vulnerable

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DeepOnion
.Anonymous and Untraceable.
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November 12, 2016, 01:13:38 AM
 #1057

Interesting one with DAG instead of blockchain. Smiley
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November 12, 2016, 01:48:07 AM
 #1058

This seems a very interesting coin... the only part I don't like that much is the witness. Witness can go bad or be hacked, and 12 seems vulnerable

I don't follow this project very clsely, so there probably already is an answer, but I' gonna ask anyway:

Why 12 witnesses exactly? How is this nuber determined? What would happen, or what would you suspect to happen, if you had, say, 120 witnesses?
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November 12, 2016, 03:21:50 AM
 #1059

This seems a very interesting coin... the only part I don't like that much is the witness. Witness can go bad or be hacked, and 12 seems vulnerable

I don't follow this project very clsely, so there probably already is an answer, but I' gonna ask anyway:

Why 12 witnesses exactly? How is this nuber determined? What would happen, or what would you suspect to happen, if you had, say, 120 witnesses?

saw this is discussed in white paper. The number should not be too small to prevent fraud, yet can't be too big as it will be managed by each user.
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November 12, 2016, 06:56:58 AM
 #1060

great concept of the coin. will learn how to use it...
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