Obyte: Totally new consensus algorithm + private untraceable payments

[kaicrypzen]

Now it's asking me to send some btc from an address I control, what a hassle! I expected to avoid that by having my own Byteball address

Having your own byteball address isn't enough to receive blackbytes, you need it to be linked to a bitcoin address. For that you are not obliged to send a micropayment, you can sign your byteball address with your bitcoin address, and give the signature to the bot to link both addresses.

[BTCspace]

what's the rules for round 3?

thank you

[SatoNatomato]

what's the rules for round 3?

thank you

Same as round 2

[favdesu]

is it possible to run a voting on byteball?

I'd be interested in the whole segwit vs BU discussion, how the linked bitcoin stakeholders would vote.

[SatoNatomato]

is it possible to run a voting on byteball?

I'd be interested in the whole segwit vs BU discussion, how the linked bitcoin stakeholders would vote.

Yes polls are possible, see in headless-byteball/play/create_poll.js but its not yet usable aside from developers.

But this kind of poll woild be skewed, possibly overrepresenting people who dont really care either way about bitcoin since we have Bytebal.

Think on that issue of BU, miners "vote" is what matters.

[Spratan]

i am still holding my byteball..

how many byteball will be free giveaways this time?
thank you

The distribution rules are the same as in the second round:

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

And blackbytes to blackbytes also ?

No. You'll get free bytes on based of your linked BTC balance & linked byteball address

So there is no incentive at all for blackbytes owners !
Having blackbytes will make you miss every future rounds of distribution.

[escapefrom3dom]

i am still holding my byteball..

how many byteball will be free giveaways this time?
thank you

The distribution rules are the same as in the second round:

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

And blackbytes to blackbytes also ?

No. You'll get free bytes on based of your linked BTC balance & linked byteball address

So there is no incentive at all for blackbytes owners !
Having blackbytes will make you miss every future rounds of distribution.

rtfm.

blackbytes are private, so there is no public way to provide such distribution.

[Cryptoholix]

This is definitely an interesting project. too bad i missed out so far...

[Burninj]

Absolutly fantastic!

https://medium.com/byteball/making-p2p-great-again-fe9e20546a4a#.r17e2b81x

[escapefrom3dom]

Absolutly fantastic!

https://medium.com/byteball/making-p2p-great-again-fe9e20546a4a#.r17e2b81x

Today we are releasing version 1.5 of Byteball wallet, which includes bound payments.

so rigth now dev is typing a post about the new wallet.  

[tonych]

Version 1.5 released https://github.com/byteball/byteball/releases

It's the biggest update since the launch.  It enables conditional payments, which allow you to P2P exchange bytes vs blackbytes since today.  Much more in the next releases.

Read my Medium article about making P2P great again https://medium.com/byteball/making-p2p-great-again-fe9e20546a4a#.i6kj1ug99

Note that to bind your payment to a condition you must be connected in chat with the payee and click his address or accept a payment request.

Other updates in this release:
* Fixed frequent disconnects that might affect sync speed
* Small performance optimizations
* Multiple small bugs fixed

Please upgrade.  The wallet might start a bit longer than usual the first time after the upgrade, this is because it needs to upgrade the database, be patient.  

Be prepared for bugs since it is a big update (I guess you are already used to expecting this when you are into something new).

[escapefrom3dom]

Version 1.5 released https://github.com/byteball/byteball/releases

thanks.

are there some coming changes in the further byteballs distributions?

[altcoinrich]

We see the price has been corrected a lot in nowadays, current 6 million market cap is somehow reasonable, previous 9 million was overvalued and a bit high, BB will have third distribution, the price will go lower again, but the total supply increases, so the market cap may go up a little.

[connexus]

Version 1.5 released https://github.com/byteball/byteball/releases

It's the biggest update since the launch.  It enables conditional payments, which allow you to P2P exchange bytes vs blackbytes since today.  Much more in the next releases.

Read my Medium article about making P2P great again https://medium.com/byteball/making-p2p-great-again-fe9e20546a4a#.i6kj1ug99

Note that to bind your payment to a condition you must be connected in chat with the payee and click his address or accept a payment request.

Other updates in this release:
* Fixed frequent disconnects that might affect sync speed
* Small performance optimizations
* Multiple small bugs fixed

Please upgrade.  The wallet might start a bit longer than usual the first time after the upgrade, this is because it needs to upgrade the database, be patient.  

Be prepared for bugs since it is a big update (I guess you are already used to expecting this when you are into something new).

^This is an impressive update, byteball now has its own revolutionary P2P exchange technology of two different currency.

[digaran]

Why do we need to keep our linked bitcoins in our wallets and not being able to spending them?

[pwpwpw]

Why do we need to keep our linked bitcoins in our wallets and not being able to spending them?

You only need to link your bitcoin exactly at the time of the snapshot, not before or after, but if you miss that exact time, well then you don't get your bytes. It's up to you when you link your address.

[pockets1989]

I have a very good feeling about the future of byteball.  An in-wallet trustless P2P trading option is groundbreaking imo.  Byteball is going to the moon!

[Riseman]

Is there a way to convert my full wallet to a light one except creating from scratch and sending coins? It takes about an hour to catch up a week-worth of sync data which is not very convenient.

[BTCspace]

Version 1.5 released https://github.com/byteball/byteball/releases

It's the biggest update since the launch.  It enables conditional payments, which allow you to P2P exchange bytes vs blackbytes since today.  Much more in the next releases.

Read my Medium article about making P2P great again https://medium.com/byteball/making-p2p-great-again-fe9e20546a4a#.i6kj1ug99

Note that to bind your payment to a condition you must be connected in chat with the payee and click his address or accept a payment request.

Other updates in this release:
* Fixed frequent disconnects that might affect sync speed
* Small performance optimizations
* Multiple small bugs fixed

Please upgrade.  The wallet might start a bit longer than usual the first time after the upgrade, this is because it needs to upgrade the database, be patient.  

Be prepared for bugs since it is a big update (I guess you are already used to expecting this when you are into something new).

that's some great updates..

just wonder when poloniex will list Byteball...this gonna be Huge.

[boomboom]

How often is data on http://transition.byteball.org/ updated?