Obyte: Totally new consensus algorithm + private untraceable payments

[cryptohunter]

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

well big exchanges look a long time away then.... can't see them listing with a single entity controlling the vast bulk

[strasboug]

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

Not sure why next distribution is much less, shouldn't we distribute each time 10% then it will still need 10 times distribution? otherwise it will be too slow to distribute.

[yvv]

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

So the Gbytes which were received in the first round need to be actively linked to receive 10% in the second round? I thought this was automatic according to everyones balance...
 

Me too. If I don't have no bitcoins, it does not make sense to link my byteball address. I should receive bytes according to my current balance at current address. Let's wait for clarifications from tonych.

[www.www]

Find funds for the micropayment is possible.
You could just use the signature.
Nothing prevents bind blank address.
But compliance with the rules there is something more than the rules themselves 

[zanzibar]

What was the distribution ration in the first round per 1btc? For some reason can't find it.

do your own math:

100.000 GB were distributed with over 70.000 linked BTC!

Greetz
Steve

Thanks, will dust off the old calculator. But seriously that's a pretty large sum for distribution in first round, 700mb per BTC, compared to a second round of just 65mb per BTC

[drays]

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

So the Gbytes which were received in the first round need to be actively linked to receive 10% in the second round? I thought this was automatic according to everyones balance...
 

Me too. If I don't have no bitcoins, it does not make sense to link my byteball address. I should receive bytes according to my current balance at current address. Let's wait for clarifications from tonych.

Sure, tonych is the right one to clarify this. But there is another consideration to make: if BB will be sent to ALL addresses, a lot of them will be received by exchanges (well, currently the only exchange - cryptox.pl, but others could join too before the second round), which doesn't sound like a particularly right thing

[valley365]

Next distribution is going to be 1/5 or so compared to  first one, so unlikely it will affect the price a lot. A price will be manipulated by wales who got a lot of bytes during first round.

So only 20,000 GB will be distributed?

Probably less. If all GB from the first round is on linked addresses, 10 000 GB will be distributed to the GB holders. Plus, for each linked BTC, 62.5 MB will be distributed; if the linked BTC stays at 70 000 BTC, that's only 4 375 GB.

So the Gbytes which were received in the first round need to be actively linked to receive 10% in the second round? I thought this was automatic according to everyones balance...
 

Me too. If I don't have no bitcoins, it does not make sense to link my byteball address. I should receive bytes according to my current balance at current address. Let's wait for clarifications from tonych.

Sure, tonych is the right one to clarify this. But there is another consideration to make: if BB will be sent to ALL addresses, a lot of them will be received by exchanges (well, currently the only exchange - cryptox.pl), which doesn't sound like a particularly right thing

Exchanges should distribute the BBs to individual accounts. I don't think we need to link byteball's address, it is automatic. All the linked bitcoin addresses should still be valid for the second round, this is my understanding...

[dlemfjqm]

When can we expect to trade BB on an exchange?

[CryptKeeper]

When can we expect to trade BB on an exchange?

It's traded on https://cryptox.pl and the experiences of the byteball community are very good with this young exchange!

[jwinterm]

When can we expect to trade BB on an exchange?

It's traded on https://cryptox.pl and the experiences of the byteball community are very good with this young exchange!

Is there an OTC exchange for blackballs? Any reports on how much they're going for relative to whiteballs?

[CryptKeeper]

FYI:

There is a slack channel #trading for Bytes and #trading_blackbytes for Blackbytes, please go there if you want to buy, sell, exchange Bytes and Blackbytes or want to speculate about the price! 

There's also an automated order book at #book (Bytes asks and bids only):

List of commands:
ASKS
BIDS
ASK <BTC> <GB>
BID <BTC> <GB>
REMOVE ASK
REMOVE BID

Please keep this in mind for your own safety:

Little guide for Byteball trading

This slack channel is for discussing Byteball trading and for organizing such trades. Please be aware that at the moment, the only way to trade safely is through a reputable escrow middleman! Even if you think you know the guy who you want to trade with, you should better trade through an escrow! We've already seen lots of scammers who try to impersonate well-known community members. So proceed with due diligence and always make sure that you are dealing with the right person, especially your escrow middleman. Only use registered escrow services and compare the usernames and bitcoin addresses carefully before you send someone your precious coins!

Registered escrow services:

@yassinnxt
Registered escrow bitcoin address: 153tSmxbKfby652LUyYdYEZhoxY9RzHYrz
Fee: 1% in BTC (from Byteball buyer)
(approx. 2700 BTC escrowed so far)

@seccour
Registered escrow bitcoin address: 1Hx3kxKbYyNgGyqzLB5Qw8BA8dZbuu1Xjn
Fee: none (tips accepted)
(over 500 BTC escrowed so far)

@martis
Registered escrow bitcoin address: 1pMPHbinYokoXEDav5J3tkto14rxBSwx9
Fee: 1% in BTC (split 50/50 between buyer and seller)

Get your slack invite here: http://slack.byteball.org/

[jwinterm]

I don't use slack, that's why I asked for someone to tell me about how much blackballs are going for, and if it's more or less than whiteballs.

[sui_generis]

It seems like distribution schemes for new cryptocurrencies are just getting worse and worse.

[valley365]

Looked at Coinmarketcap, Byteball with 10% distributed coins ranked at #56:
http://coinmarketcap.com/currencies/byteball/

If all 100% coins are counted, it will be at #15, very good for a new coin like byteball.

[str4wm4n]

the distribution scheme is somewhat elitist.

GET OVER IT.

[BiTrading]

I have quite crucial question. I linked my btc successfully but I dont remember setting up the wallet. Was there a seed to write down or something? How should I proceed if I dont have the seed anymore? I still run the old version wallet. Thank you in advance.

[Karartma1]

I don't use slack, that's why I asked for someone to tell me about how much blackballs are going for, and if it's more or less than whiteballs.

https://bitcointalk.org/index.php?topic=1728405.0
The above is the byteball trading thread: if you don't have slack that's the way to go. Try to put your wtb & wts over there and check what others are asking to get a rough idea of blackbytes value.

[HI-TEC99]

I have quite crucial question. I linked my btc successfully but I dont remember setting up the wallet. Was there a seed to write down or something? How should I proceed if I dont have the seed anymore? I still run the old version wallet. Thank you in advance.

Before you upgrade to the latest software version you need to backup the Byteball folder contained in a hidden folder called local. You lose your blackbytes if you lose that folder. It needs backing up after each blackbyte transaction.

It's important to back up your seed, but you can only recover your byteballs with it, not your blackbytes. However, using your seed to recover your byteballs is not easy, it's best to use a backed up folder.

After you have backed up you need yo install the latest version of the software without first uninstalling the old version. The latest version will detect your old wallet, and is needed to see your byteballs.

Thanks HI-TEC99 and CryptKeeper for clarification

What exactly I need to do to secure a backup before update to v1.0.0?

"To restore wallets, you will need a full backup of Byteball settings. Just the wallet seed is not enough"

It's vital to backup this windows folder to ensure you get your blackbytes.

C:\users\<your user name>\AppData\Local\Byteball

The folder is normally hidden. If you haven't configured your computer to make it visible then click the windows orb, type %appdata% into the search box and press enter, Your hidden appdata folder should open.

It's also important to back up your wallet words (the seed) that you can view in the advanced section of your wallet.

[ArabMist]

I have quite crucial question. I linked my btc successfully but I dont remember setting up the wallet. Was there a seed to write down or something? How should I proceed if I dont have the seed anymore? I still run the old version wallet. Thank you in advance.

Before you upgrade to the latest software version you need to backup the Byteball folder contained in a hidden folder called local. You lose your blackbytes if you lose that folder. It needs backing up after each blackbyte transaction.

It's important to back up your seed, but you can only recover your byteballs with it, not your blackbytes. However, using your seed to recover your byteballs is not easy, it's best to use a backed up folder.

After you have backed up you need yo install the latest version of the software without first uninstalling the old version. The latest version will detect your old wallet, and is needed to see your byteballs.

Thanks HI-TEC99 and CryptKeeper for clarification

What exactly I need to do to secure a backup before update to v1.0.0?

"To restore wallets, you will need a full backup of Byteball settings. Just the wallet seed is not enough"

It's vital to backup this windows folder to ensure you get your blackbytes.

C:\users\<your user name>\AppData\Local\Byteball

The folder is normally hidden. If you haven't configured your computer to make it visible then click the windows orb, type %appdata% into the search box and press enter, Your hidden appdata folder should open.

It's also important to back up your wallet words (the seed) that you can view in the advanced section of your wallet.

Searched the %appdata% on windows 10 machine and that sucker is no where to be seen. Not even a folder in that list that says "byteball". Nada. Any clues how I get the mysterious folder to display? I have 600GB of blackies in there ad I've already smashed the screen on my nexus this morning so I'm not feeling lucky atm!

Thanks in advance to anyone who can assist with my shit windows skills.

[kaicrypzen]

Searched the %appdata% on windows 10 machine and that sucker is no where to be seen. Not even a folder in that list that says "byteball".

%localappdata% is the one that points to C:\Users\<name>\AppData\Local, there you'll find a folder named byteball.