Obyte: Totally new consensus algorithm + private untraceable payments

[loveyouforever]

Very interesting distribution model, big Bitcoin holders don't need to do anything and they will get Byteball for free, someone interested in this coin but don't hold Bitcoin will not get any Byteball, it's fucking ridiculous! How can you build up Byteball community in this way?! No one would spend efforts on something they can't get profits.
And this is not fair because Bitcoin distribution is not fair.

[1713564819]

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[1713564819]

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[zanzibar]

Very interesting distribution model, big Bitcoin holders don't need to do anything and they will get Byteball for free, someone interested in this coin but don't hold Bitcoin will not get any Byteball, it's fucking ridiculous!

Either way you are getting something for free

[kamiyama]

IOTA＝none gui wallet
byteball=gui wallet

[kamiyama]

IOTA＝none gui wallet
byteball=gui wallet

Wrong, IOTA will release GUI soon, and currently there is a simple GUI.

   
Re: IOTA
November 17, 2016, 10:24:17 AM
Reply with quote  #6871
Quote from: kamiyama on November 17, 2016, 06:46:00 AM
when GUI wallet?

There is no ETA for the GUI wallet as there is afaik still a dev missing for it. Besides, nostalgia and a headless node are really working well, and the setup is easier than you think. That's why the GUI has no priority at the moment (as e.g. A sandbox is more important). Maybe the tutorials at www.iotasupport.com help you with a headless node

[Krypt]

It's only a copy of IOTA, nothing else.

Please read this:

What are the main similarities and differences with the other DAG-like Crypto IOTA?

tonych: IOTA also uses DAG, and this is the only similarity.
Everything else is different:
– IOTA uses PoW. In Byteball, the ordering of transactions is based on main chain
– In IOTA, parts of the DAG can be orphaned. In Byteball, there is no chance of orphaning
– Byteball has transaction fees, in IOTA there are no explicit fees (but users still have to expend resources for PoW)
– In Byteball, there are deterministic criteria when a transaction becomes final. In IOTA, there are no exact criteria, it is still probabilistic
– IOTA is a single token currency with only plain payments, Byteball has multiple assets and smart contracts
– In IOTA all payments are public. In Byteball, there are assets that are transferred privately

[tonych]

Trying to send 3000 blackbytes, after pairing, but I got an exception and the client exit. Any info?

Is your blackbytes balance confirmed?

Yes, it is. Did one more test, same thing. BTW, I am using a mac client.

I see the bug that causes this error message, it'll be fixed in the next release.
Meanwhile, as a workaround, you can receive more bytes (not blackbytes) from the faucet and after the newly received bytes are confirmed the error message should go away.

[cvrizzos]

Hi, this project is very interesting...I installed both byteball TEST and TN wallets in a windows 7 PC, just two questions: 1. is it possible to have byteball test as a light wallet in windows PC, which means no syncing time, would that be a problem for the testnet? 2. how can I install both byteball TEST and TN wallets in linux ubuntu 16.04 LTS laptop, is there any place with basic instructions on how to do this? sorry about the quite basic questions, thanks in advance and regards

[valley365]

In Byteball client, the receive tab shows only the latest receiving address. Is there a way to see all my receiving addresses and the number of coins associated with each? Basically some feature similar to "coin control" in most alt coins.

[tonych]

I have trouble to send blackbytes too. See below screenshot:

Was the balance fully confirmed at that time?

[tonych]

In Byteball client, the receive tab shows only the latest receiving address. Is there a way to see all my receiving addresses and the number of coins associated with each? Basically some feature similar to "coin control" in most alt coins.

To some extent.  Click gear icon -> Advanced -> Wallet information, scroll to Last wallet addresses.

[cryptohunter]

Many people complain about limiting to the "richest" people, why so? in real life the people have more money will be easier to make more than those with less money. It's not really the unfairness.

It's not really unfair? like provable math wise or you mean just average people common sense wise? sometimes you have to see through the eyes of the average person who will reason without doubt that rewarding those that are already super rich with the lions share is not fair at all.

If you wish to start a poll on the main board discussing it and sampling opinion then go ahead. I am certain you will not find many in the alt section will share your views. Since your main initial market will be the altcoin traders then this is the market that is important to you.

This has been discussed MANY time before in the alt main board and the vast majority are very much against new coins being distributed like this.

Without nulling the top 2-5% of BTC wallets you can ensure this will have the "unfair" tag attached to it in the future. It is a major criticism which has been voiced in this thread a great many times already. Why not eliminate this criticism or reduce it and not have to beg the big icos and exchanges to do the right thing. The random snapshots will stop them breaking down their wallets to smaller amounts.

The only thing here is the dev can not be accused of gaming it for his gain especially since unless he is a btc super whale or has agreements with those that control a substantial amount of BTC then he could end up having less than any whales that decide to claim or any exchange that does not play ball. Not sure either of those things is a great scenario. The worst aspect for him really is having other large ICO funds dumping BB on the exchanges to fund rival projects. I mean jl777 saying he will not pocket the money but rather fund komodo with it is fair enough what else could he do other than not claim (if he even said this anyway) but how is that good for BB?

How can you "nulling the top 2-5% of BTC wallets"? If you do so, people can easily split BTCs into different wallets and make the requests, you won't be able to achieve your goal at all.

To your other point, I am sure a lot people when receiving bytes will dump it in exchange. That's why paying in stages like Tony suggested will help (a little). Whether people dump the coin or not depends on their assessment/impression whether the coin has potential or not. That's why a dev roadmap and plan will be helpful. We need to make it a platform with other apps, and develop various things on top of it, when people see the potential of the coin, they won't dump (or at least not as much).

It needs to be random date snapshot else people can circumvent the nulling of the 2-5% top wallets most big players have not heard of BB as yet.  Perhaps those top 2-5% are not even bothered with BB but there is no reason not to null them to take out the exchanges and other big ICOs. Anyone have a good counter argument why not to null them would be more interesting rather than going in circles.

The fairness or lack of is not in question of course rewarding those that already have the most with the largest shares is common sense unfair to 99% of people on this board. I would create a poll on the main alt section to verify this statistic I just made up but it will not be far off of that I am sure. If may be possible to bamboozle some people with high level math that is fair... you can try that but I have a feeling in the end it will not wash and a clone will arise without the pariah tag attached to it. Why go to all this work to see others clone and steal your lead because their distributional method was seen as more fair.

Best case just do a steem and admit it's pretty unfair (nothing like as unfair as steem) and see how far it can go without it being dragged down with the unfair is not good nor in the spirit of crypto in general tag. I will claim mine and buy up some cheap coins as those that get given anything for free dump asap. Looks like a great project that could do well. I'm looking forward to it.

[umunkun]

Is it possible by any means to get some free byteballs without having any btcs in the past and present?

[cryptohunter]

Is it possible by any means to get some free byteballs without having any btcs in the past and present?

No sadly you are poor BTC you will be poor BB. I will use my 2k BTC to claim a nice chunk and may throw you and the other BTC peasants a few BB crumbs. (joke).

Unless you don't think that is fair and help change tony's mind?

[Ryan Dugan]

Only a few months old and byteball already has so much activity .

Is it possible by any means to get some free byteballs without having any btcs in the past and present?

I dont think so. There no faucets I know of or campaigns. It would be a good idea for the Dev to launch some promotional campaigns and pay us in byteball to help spread awareness to it and create more holders.

[hummabun]

Only a few months old and byteball already has so much activity .

Is it possible by any means to get some free byteballs without having any btcs in the past and present?

I dont think so. There no faucets I know of or campaigns. It would be a good idea for the Dev to launch some promotional campaigns and pay us in byteball to help spread awareness to it and create more holders.

There are campaigns running. But payments are in bitcoins. I think the dev must also award byteballs to those who are in campaigns.

[yvv]

Only a few months old and byteball already has so much activity .

Is it possible by any means to get some free byteballs without having any btcs in the past and present?

I dont think so. There no faucets I know of or campaigns. It would be a good idea for the Dev to launch some promotional campaigns and pay us in byteball to help spread awareness to it and create more holders.

There are campaigns running. But payments are in bitcoins. I think the dev must also award byteballs to those who are in campaigns.

They can't. Byteball main net is not running yet.

[Krypt]

Is it possible by any means to get some free byteballs without having any btcs in the past and present?

Yes it is possible, but only to those who can comprehend the OP:

The remaining 1% will be given away to the first 100m users who install Byteball wallet, 100 Kbytes to each user.

[valley365]

I have trouble to send blackbytes too. See below screenshot:

Was the balance fully confirmed at that time?

Yes the balance was fully confirmed, let me do another similar test and report back to you. I am using windows client on Windows8.

EDIT: I did another test and this time it seems working fine. Don't know what happened last time. Will watch for it, if I see further problems will report here.

[galaxiekyl]

Very interesting distribution model, big Bitcoin holders don't need to do anything and they will get Byteball for free, someone interested in this coin but don't hold Bitcoin will not get any Byteball, it's fucking ridiculous! How can you build up Byteball community in this way?! No one would spend efforts on something they can't get profits.
And this is not fair because Bitcoin distribution is not fair.

distrib method  is maybe unperfect..but who i'm for judged the best model of distrib..coming here yell at injustice..its like spit on billet of powerball because yu haven't win jackpot..except that here you are on to get some thing against proof of what you own..take this project for wht it is its the best way to see things..my self i cant claim all bytes than i hope because of recent btc pump  

Another way to get a good ratio would be to join you to other small bearer in order to claim a better share..Dev did not prohibit it  

[galaxiekyl]

Hi, this project is very interesting...I installed both byteball TEST and TN wallets in a windows 7 PC, just two questions: 1. is it possible to have byteball test as a light wallet in windows PC, which means no syncing time, would that be a problem for the testnet? 2. how can I install both byteball TEST and TN wallets in linux ubuntu 16.04 LTS laptop, is there any place with basic instructions on how to do this? sorry about the quite basic questions, thanks in advance and regards

there just one version for bytes test (v0.6.0) for tn version light wallet is available..linux is a black hole to me i cant help yu