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Author Topic: BYTEBALL: Totally new consensus algorithm + private untraceable payments  (Read 1061216 times)
Spratan
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January 29, 2017, 09:55:11 AM
 #3861

Is the BB community helpful here ? If yes, i have one simple question :

Have the dev wrote somewhere why he has chosen this kind of distribution (distribution towards BTC accounts) ?

Thanks
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escapefrom3dom
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January 29, 2017, 09:57:32 AM
 #3862

hi.

please, tell:

1. how can i encrypt (make password protection) my single wallet on a single PC?
2. what is the backup/restore wallet procedure?

thanks.

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Wesiematic
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January 29, 2017, 10:01:43 AM
 #3863

When is the next distribution round?

there is always a light at the end of the tunnel...
abctc
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January 29, 2017, 10:05:54 AM
 #3864

have one simple question :
Have the dev wrote somewhere why he has chosen this kind of distribution (distribution towards BTC accounts) ?
One simple answer: read the OP.

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, the Next platform.  Magis quam Moneta (More than a Coin)
kola-schaar
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January 29, 2017, 10:22:38 AM
 #3865

On average, how much blackbytes does this give me if I buy 1 BTC?  Huh
Also how much more BTC will I win, will the amount increase in the same way?
It would be more logical for me to keep BYTES instead of keeping BTC.


https://bitcointalk.org/index.php?topic=1608859.3580

..

The distribution rules:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

..



Thank you for the example. I tried to look at it individually but it was hard to find it.  Grin Grin
As far as I understand I need to keep btc quite alot possible until I get 2 distributions.

Individual consultations (three scenarios 1 BTC, 1 GB, 1 BTC + 1GB)  Grin:
http://i.imgur.com/OwsQjs9.png
http://i.imgur.com/oUsv3at.png
http://i.imgur.com/njvHOVN.png

warning
Please check - I just did it on the fast (During my breakfast) Wink
and I assume you know that it is not yet clear how many rounds it will be...
johhnyUA
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January 29, 2017, 11:11:51 AM
 #3866

I think you must to know:
When you send transaction to other byteball address tip come back not to your main address (from where you send it transaction) but in new created (but this new address located in your wallet to and you can't see any changes from wallet overview). Some of you would said to me: in some bitcoin wallets we have the same situation (blockchain.info wallet for example). But in byteball it can be very disappointing when you main address (which you sign with your BTC address) became empty after transaction from it (and you can't use it in byte distribution)

clovis A.
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January 29, 2017, 11:23:08 AM
 #3867

When is the next distribution round?

It's on 2/11 @ 00:33 UTC.

Man, this baby sure is flying on Cryptox! Grin

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Your decentralized
                          cloud backend
ghoom2
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January 29, 2017, 11:31:18 AM
 #3868

I think you must to know:
When you send transaction to other byteball address tip come back not to your main address (from where you send it transaction) but in new created (but this new address located in your wallet to and you can't see any changes from wallet overview). Some of you would said to me: in some bitcoin wallets we have the same situation (blockchain.info wallet for example). But in byteball it can be very disappointing when you main address (which you sign with your BTC address) became empty after transaction from it (and you can't use it in byte distribution)

It's for this reason that it is necessary to save completely the directory of the byteballs, not just seed. Or send transaction to main adress.

ghoom2
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January 29, 2017, 11:40:01 AM
 #3869

When is the next distribution round?

Each full moon. See http://www.space.com/16830-full-moon-calendar.html

kaicrypzen
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January 29, 2017, 11:42:47 AM
 #3870

1. how can i encrypt (make password protection) my single wallet on a single PC?

Go to device settings > request password.

2. what is the backup/restore wallet procedure?

To back up your wallet, you have to back up your data folder. Its location depends on your operating system: https://github.com/byteball/byteball#byteball-backups-and-recovery.

You can also back up your seed, available in device settings > backup. For the time being, it doesn't directly serve a purpose, however in the future, an option will be available to restore from seed.

To restore, just copy back the backed up folder in its location.

For the record, if you are updating to a newer version, there's no need to restore.

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escapefrom3dom
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January 29, 2017, 11:54:15 AM
 #3871

1. how can i encrypt (make password protection) my single wallet on a single PC?

Go to device settings > request password.

2. what is the backup/restore wallet procedure?

To back up your wallet, you have to back up your data folder. Its location depends on your operating system: https://github.com/byteball/byteball#byteball-backups-and-recovery.

You can also back up your seed, available in device settings > backup. For the time being, it doesn't directly serve a purpose, however in the future, an option will be available to restore from seed.

To restore, just copy back the backed up folder in its location.

For the record, if you are updating to a newer version, there's no need to restore.

got it, thanks.

and another 1 question:

is there a way to check Byteball and BTC addresses linking?

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kaicrypzen
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January 29, 2017, 12:02:35 PM
 #3872

is there a way to check Byteball and BTC addresses linking?

Two ways actually Smiley. You can ask the transtion bot, it will tell you your linked BTC and BB addresses and their balances, but it won't tell you which BTC is linked to which BB. However at transition.byteball.org you can find that info by searching for a BTC or a BB address.

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escapefrom3dom
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January 29, 2017, 12:06:26 PM
 #3873

is there a way to check Byteball and BTC addresses linking?

Two ways actually Smiley. You can ask the transtion bot, it will tell you your linked BTC and BB addresses and their balances, but it won't tell you which BTC is linked to which BB. However at transition.byteball.org you can find that info by searching for a BTC or a BB address.

that's exactly what i need.

thanks again for ur support.

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ghoom2
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January 29, 2017, 12:29:30 PM
 #3874

is there a way to check Byteball and BTC addresses linking?

Two ways actually Smiley. You can ask the transtion bot, it will tell you your linked BTC and BB addresses and their balances, but it won't tell you which BTC is linked to which BB. However at transition.byteball.org you can find that info by searching for a BTC or a BB address.

that's exactly what i need.

thanks again for ur support.

And check first round here http://transition.byteball.org/firstround.html

escapefrom3dom
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January 29, 2017, 01:31:12 PM
 #3875

is there a way to check Byteball and BTC addresses linking?

Two ways actually Smiley. You can ask the transtion bot, it will tell you your linked BTC and BB addresses and their balances, but it won't tell you which BTC is linked to which BB. However at transition.byteball.org you can find that info by searching for a BTC or a BB address.

that's exactly what i need.

thanks again for ur support.

And check first round here http://transition.byteball.org/firstround.html

i've missed the first round and added to this train yesterday. )

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Jeff Jefferson
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January 29, 2017, 02:36:05 PM
 #3876

how many byteballs were distributed in the first round? 100k? and how many will be distributed in the second round?
Come-from-Beyond
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January 29, 2017, 03:07:28 PM
 #3877

If that is not enough, here are more seditious words: "blackbyte", "bad distribution", "better than iota", "very similar to iota", "actually the same" Grin.

This post reminded me to ask: Was there a peer review of "private untraceable payments"* claim?

---
* - taken from the title
lordoliver
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January 29, 2017, 03:36:29 PM
 #3878

If that is not enough, here are more seditious words: "blackbyte", "bad distribution", "better than iota", "very similar to iota", "actually the same" Grin.

This post reminded me to ask: Was there a peer review of "private untraceable payments"* claim?

---
* - taken from the title

kaicrypzen
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January 29, 2017, 03:46:06 PM
 #3879

how many byteballs were distributed in the first round? 100k? and how many will be distributed in the second round?

What is distributed are bytes and blackbytes. For bytes, 10% of the total supply was distributed during the first round, that is 100 000 GB (Gigabyte). The second round distribution will give 1% (10 000 GB) to bytes' holders and 62.5 MB for each linked BTC. At the time of writing, 79579.34769944 BTC are linked, that is 4 973+ GB, in total that would be 14 973+ GB, which is 1.4973 % of the total supply (for the next distribution).

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nillohit
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January 29, 2017, 04:30:11 PM
 #3880

how many byteballs were distributed in the first round? 100k? and how many will be distributed in the second round?

What is distributed are bytes and blackbytes. For bytes, 10% of the total supply was distributed during the first round, that is 100 000 GB (Gigabyte). The second round distribution will give 1% (10 000 GB) to bytes' holders and 62.5 MB for each linked BTC. At the time of writing, 79579.34769944 BTC are linked, that is 4 973+ GB, in total that would be 14 973+ GB, which is 1.4973 % of the total supply (for the next distribution).
exactly  Wink nice info

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