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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1233954 times)
freezal
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February 02, 2017, 05:54:33 PM
 #4121

Some have been arguing the necessity of sharing undistributed coins with others.  Please, consider not doing this.
I, obviously, represent only myself here, but maybe there are others that think alike.
My decision to invest in Byteball has came even before reading the white paper (which I haven't finished), by only reading the OP's summary, some pages of this thread and reading into the way tonych talk about this project and interact with people, knowledgeably and with conviction, kindly but firm, without circumventing any question but ignoring any provocation.
I am convinced tonych has Byteball at heart, but terrifies me to to have other people exert any control of it.
That's not to say that the situation with undistributed coins isn't bad.  It brings uncertainty and untruest.
There is the danger of someone gaining access to those coins, which is a serious concern for investors and sure is also for tonych even in a personal level, especially if price continue increasing.
I understand that tonych changed his initial distribution plain (fixed percentages, end soon) in order to maximize its effect obeying his criteria (my interpretation, obviously) of widespread distribution within strongly interested, highly experienced and hardened people, thus bitcoin.
The problem now is market uncertainty, not knowing how long it will take and in which pace.
I see this as a factor of untruest for long term investors.
I think Byteball will stand according to its own merits: technical, usability, privacy/anonymity, lucid leadership and etc., all this being solid foundation.  What is left is more decentralization (finishing distribution is part of it) and the test of time, being serious glitches free and enduring attacks.
I can only hope tonych's goal is to timely but decidedly release control in favor of decentralization but continue development being the lighthouse for the economy to follow.
Can you imagine how much decentralization this concept of 12 witness with anyone being able to designate a different one at the same time can elicit?
Imagine not depending of all those miners nor the relative energy spending?
I'm here for the long run and couldn't care less for daily fluctuations of price.
Pay an exchange to list byteball? Are you kidding me?
If Byteball has potential it'll be listed in as many exchanges as needed. tonich has already provided needed API.
Exchange https://cryptox.pl works really well for me.  It has fast deposits, instantaneous withdraws (of bytes, I've never sold nor withdrawn previously deposited bitcoins, so I can't tell), streamlined registration, no AML/KYC (granted, no fiat involved, but I've heard others have those even without fiat involved) implying privacy and clear interface.
The genie is already out of the bottle as we can cense by new people arriving every day.
PR is important and https://coinmarketcap.com is the best we have. Being in the forty range is surely attracting the attention of anyone that is serious about crypto currencies.
So I'm really content being patient as long as fundamentals continue moving in the right direction.

ps: just to give context it's written before today's price jump, which is nice but is not really that important.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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kaicrypzen
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February 02, 2017, 06:14:02 PM
 #4122

We're just climbing back to the original price of 0.3 btc

I've always wondered where this 0.3 value (well actually, that red candlestick) came from. I was there when it got listed and don't remember it starting at such high prices and then going down, or maybe it was for a split of a second with a very very low volume, anyway, nice action, yet it seems to be a one-time thing but I truly hope it's not Smiley.

It was the maintainer of cryptox.pl just testing things live.

That makes more sense, thanks for the clarification. These test amounts shouldn't be included in the charts, they are quite misleading ...

Testing with 25/30 btc of transated orders.... Not bad!

How do you know it was 25 to 30? Can you see the exchanged volume on that chart? (Because I can't). Or is there a way to get the volume that was exchanged at a given time? Thx.

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February 02, 2017, 06:27:34 PM
 #4123

Can't wait to get in, but will wait after airdrop, # of coins will increase x9, the dump will be massive.
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February 02, 2017, 06:29:03 PM
 #4124

Can't wait to get in, but will wait after airdrop, # of coins will increase x9, the dump will be massive.

# of coins is only increasing 1%
keyboard warrior
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February 02, 2017, 06:46:43 PM
 #4125

Can't wait to get in, but will wait after airdrop, # of coins will increase x9, the dump will be massive.

# of coins is only increasing 1%

People will wait until it goes on poloniex. They saw how much pascal coin went up, and will hold their byteballs until they get the same increase on poloniex.

There wasn't much of a dump after the last airdrop and there won't be much of one after this airdrop.
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February 02, 2017, 06:52:49 PM
 #4126

Well look now byteball costs $ 80, as soon as the conduct airdrop price may fall at least 10 times, while the compacted are very strong, I think it is time to place the bucket that would be bought at lower levels

1% inflation = 10x drop.. riiiiight.. this thing will be at .2 again in 48 hours

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February 02, 2017, 07:17:03 PM
 #4127

Can I link my Bitcoin address on the exchange to the Byteball address, I missed the first free token distribution, but all my BTC is on exchange. If not, can I use online wallet for this
Hey man, you clearly miss the basics of crypto & bitcoin! If you don't control the keys associated to your wallet (and addresses) you don't own anything! You're blindly trusting a third party that could suffer anything from theft to unexpected data loss.
Choose a good wallet and transfer your funds on your address! Then link it for the next distribution round.

One simple rule = No keys, no coins ... remember
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February 02, 2017, 07:44:14 PM
 #4128

A big jump in price today, not sure if this is pump or update news , though I'm happy the price didn't drop, which is always come to Altcoins when BTC is rallying up

Byteball holders will get a disproportional amount of new Byteball compared to Bitcoin holders on next distribution.
Therefore the price will likely drop after upcoming distribution round on mid of February.
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February 02, 2017, 08:02:35 PM
 #4129

A big jump in price today, not sure if this is pump or update news , though I'm happy the price didn't drop, which is always come to Altcoins when BTC is rallying up

Byteball holders will get a disproportional amount of new Byteball compared to Bitcoin holders on next distribution.
Therefore the price will likely drop after upcoming distribution round on mid of February.

how come?..

it's not just simple quantity rules based on general ammount of coins.

p.s. btc holders can also buy gbytes and get this disproportional amount. ☺

dandon
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February 02, 2017, 09:39:13 PM
 #4130

Sorry if this is a beginner question but I'm not real sure what to to.

Three days ago I've set up the light wallet and generated two adresses with my seed, then attached them to the tangle succesfully. Then I received two transactions from Yassin on each of these adresses. Both incoming transactions show as "confirmed", although the address generations itself (the entries without a value) still show as “pending”, for three days now.

I generated another seed and tried to send a transaction to myself. I see the transaction in the “history” tab, but they do not confirm, also for several days now. Still “pending”. I tried “replay” and “rebroadcast” several times, to no avail. The balance doesn’t change in either wallet.

What can I do to get a transaction confirmed?
CryptKeeper
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February 02, 2017, 09:56:40 PM
 #4131

Sorry if this is a beginner question but I'm not real sure what to to.

Three days ago I've set up the light wallet and generated two adresses with my seed, then attached them to the tangle succesfully. Then I received two transactions from Yassin on each of these adresses. Both incoming transactions show as "confirmed", although the address generations itself (the entries without a value) still show as “pending”, for three days now.

I generated another seed and tried to send a transaction to myself. I see the transaction in the “history” tab, but they do not confirm, also for several days now. Still “pending”. I tried “replay” and “rebroadcast” several times, to no avail. The balance doesn’t change in either wallet.

What can I do to get a transaction confirmed?


Wrong thread. Here's Byteball, please ask in IOTA thread.

 Cheesy  Cheesy  Cheesy

Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
sixtus.leon
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February 02, 2017, 10:15:53 PM
 #4132

I wanted to do an investment via the bot and invested 50 EUR in Bitcoin but just got 266.389 Bytes how is that even possible?
johhnyUA
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February 02, 2017, 10:19:17 PM
 #4133

Can't wait to get in, but will wait after airdrop, # of coins will increase x9, the dump will be massive.

I don't think that your forecast will happen. To dumping, there must be big amount of free coins (to sell them on exhangers). if price didn't dumping now, it will not dumping after 1 additional of coins % wil be distributed.

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bitcampaign
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February 02, 2017, 10:22:31 PM
 #4134

Sorry if this is a beginner question but I'm not real sure what to to.

Three days ago I've set up the light wallet and generated two adresses with my seed, then attached them to the tangle succesfully. Then I received two transactions from Yassin on each of these adresses. Both incoming transactions show as "confirmed", although the address generations itself (the entries without a value) still show as “pending”, for three days now.

I generated another seed and tried to send a transaction to myself. I see the transaction in the “history” tab, but they do not confirm, also for several days now. Still “pending”. I tried “replay” and “rebroadcast” several times, to no avail. The balance doesn’t change in either wallet.

What can I do to get a transaction confirmed?

it seems you have the wrong place to ask, here is a thread for byteball and not IOTA, you may need to see another thread them to get the information you need

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February 02, 2017, 10:26:05 PM
 #4135

Wow. thats an increadible start.
Congrats to Byteball devs. Im keeping all the byteball i get for unless 1 year! Lets see where we can get Smiley
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February 02, 2017, 10:27:55 PM
 #4136

Wow. thats an increadible start.
Congrats to Byteball devs. Im keeping all the byteball i get for unless 1 year! Lets see where we can get Smiley


i'm on this train too. ☺

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February 02, 2017, 10:59:02 PM
 #4137

Sorry if this is a beginner question but I'm not real sure what to to.

Three days ago I've set up the light wallet and generated two adresses with my seed, then attached them to the tangle succesfully. Then I received two transactions from Yassin on each of these adresses. Both incoming transactions show as "confirmed", although the address generations itself (the entries without a value) still show as “pending”, for three days now.

I generated another seed and tried to send a transaction to myself. I see the transaction in the “history” tab, but they do not confirm, also for several days now. Still “pending”. I tried “replay” and “rebroadcast” several times, to no avail. The balance doesn’t change in either wallet.

What can I do to get a transaction confirmed?


Wrong thread. Here's Byteball, please ask in IOTA thread.

 Cheesy  Cheesy  Cheesy

 Oh, wrong thread indeed. Sorry... Cheesy
wpalczynski
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February 03, 2017, 02:00:58 AM
 #4138

Is cryptox.pl getting DDOSed?  Experiencing pretty bad connectivity.

keyboard warrior
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February 03, 2017, 02:44:48 AM
 #4139

Is cryptox.pl getting DDOSed?  Experiencing pretty bad connectivity.

Same here.

It might be getting DDOSed. Apparently it's been on and off for a while.
jwinterm
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February 03, 2017, 02:51:02 AM
 #4140

crypgox.pl ? Cheesy
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