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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1165281 times)
the artful bodger
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April 05, 2017, 09:49:30 AM
 #6401

can we get byteball on bittrex so I dont have to use a janky ass exchange?

I must admit that cryptox.pl is quite small and not well known yet, but proved to be a reliable exchange!

Any complaints were taken seriously by the staff and were resolved within a reasonable timeframe, as I've read in user comments on our slack.

I have no serious complaints about cryptox.pl, but it's a single point of failure. If it gets hacked it will seriously affect confidence in byteball. A hacker could get a big percentage of the existing byteball distribution. If byteball was on more exchanges it would dilute the number of coins a hacker could steal.
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tonych
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April 05, 2017, 12:55:52 PM
 #6402

Version 1.7.0 released https://github.com/byteball/byteball/releases

This version enables prediction markets based on P2P smart contracts. See https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab



Now you can bet on (or hedge against) any events and get paid if the event happens.  One type of events that is already working today is events based on exchange rates of crypto coins and major fiat currencies.  

You are welcome to add new oracles that post other real-world events and enable prediction markets based on these events.

Other updates:
* New translations thanks to community members: Hungarian, Swedish, Polish.  Dutch translation improved.
* Multiple small improvements and bugfixes

If you are running a full wallet, the upgrade is mandatory.  The new version extends the smart contract language.  As soon as the new language constructs are used for the fist time, old nodes will not recognize them and will be stuck until upgraded.

Simplicity is beauty
Odrak
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April 05, 2017, 01:06:46 PM
 #6403

Version 1.7.0 released https://github.com/byteball/byteball/releases

This version enables prediction markets based on P2P smart contracts. See https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab



Now you can bet on (or hedge against) any events and get paid if the event happens.  One type of events that is already working today is events based on exchange rates of crypto coins and major fiat currencies.  

You are welcome to add new oracles that post other real-world events and enable prediction markets based on these events.

Other updates:
* New translations thanks to community members: Hungarian, Swedish, Polish.  Dutch translation improved.
* Multiple small improvements and bugfixes

If you are running a full wallet, the upgrade is mandatory.  The new version extends the smart contract language.  As soon as the new language constructs are used for the fist time, old nodes will not recognize them and will be stuck until upgraded.

Thanks for the update! Nice release
Limx Dev
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April 05, 2017, 02:02:00 PM
 #6404

Version 1.7.0 released https://github.com/byteball/byteball/releases

This version enables prediction markets based on P2P smart contracts. See https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab



Now you can bet on (or hedge against) any events and get paid if the event happens.  One type of events that is already working today is events based on exchange rates of crypto coins and major fiat currencies.  

You are welcome to add new oracles that post other real-world events and enable prediction markets based on these events.

Other updates:
* New translations thanks to community members: Hungarian, Swedish, Polish.  Dutch translation improved.
* Multiple small improvements and bugfixes

If you are running a full wallet, the upgrade is mandatory.  The new version extends the smart contract language.  As soon as the new language constructs are used for the fist time, old nodes will not recognize them and will be stuck until upgraded.

Thanks for the update! Nice release
Great Job! Nice release!
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April 05, 2017, 02:56:26 PM
 #6405

From the blog

Quote
Now you can short any coin without owning it, simply by betting that its price goes below certain level. Being a binary option, this contract also limits your loss (you can’t lose more than you paid) and includes an implicit take-profit (no risks after the price breaks the set level).

You can actually do better than this with price oracles. You can issue collateralized loans. You can peg a token to any real world asset or basket of assets by backing it with equivalent amount of collateral in bytes or other crypto.
 

.
davidoski
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April 05, 2017, 04:48:13 PM
 #6406

Do I understand this correctly that to use this betting feature one must find:

1. some other user eager to be a counterparty to the betting contract
2. find out the other user's device address
3. pair the wallet with the other user's device
4. start a chat and set up a contract as described in the medium post

If that's correct we need some community forums to find possible counterparty users to bet with.

Chancellor on brink of second bailout for banks
innergy
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April 05, 2017, 04:55:36 PM
 #6407

DirectBet would love it.. Wink

https://bitcointalk.org/index.php?topic=393147.0
tyz
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April 05, 2017, 04:57:37 PM
 #6408

As an alternative to Cryptox.pl you could try to use the Bitcoin oracle in order to exchange Bitcoin and Byteballs with someone else. Of course it is not an exchange replacement but it is a new save way to trade.

can we get byteball on bittrex so I dont have to use a janky ass exchange?

I am just playing a little bit around with Byteball and I am wondering if there is an API I can use to access DAG data on localhost? Couldn't find any information on the web.
davidoski
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April 05, 2017, 05:13:45 PM
 #6409

What is the pairing code of the CoinMarketCap oracle?

Chancellor on brink of second bailout for banks
kola-schaar
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April 05, 2017, 06:21:16 PM
 #6410

Odrak
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April 05, 2017, 06:30:05 PM
 #6411



Nice one Kola
tonych
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April 05, 2017, 07:04:45 PM
 #6412

Do I understand this correctly that to use this betting feature one must find:

1. some other user eager to be a counterparty to the betting contract
2. find out the other user's device address
3. pair the wallet with the other user's device
4. start a chat and set up a contract as described in the medium post

If that's correct we need some community forums to find possible counterparty users to bet with.

Correct.  (2) and (3) is achieved by exchanging a pairing code.

Simplicity is beauty
tonych
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April 05, 2017, 07:09:46 PM
 #6413

I am just playing a little bit around with Byteball and I am wondering if there is an API I can use to access DAG data on localhost? Couldn't find any information on the web.

There is no documentation yet but you can read the DAG data by accessing the sqlite database directly.  You can learn something about its structure from https://github.com/byteball/byteballcore/blob/master/byteball-sqlite.sql

Simplicity is beauty
tonych
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April 05, 2017, 07:11:26 PM
 #6414

What is the pairing code of the CoinMarketCap oracle?

It doesn't accept pairing requests.
What for?

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tonych
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April 05, 2017, 07:14:56 PM
 #6415

From the blog

Quote
Now you can short any coin without owning it, simply by betting that its price goes below certain level. Being a binary option, this contract also limits your loss (you can’t lose more than you paid) and includes an implicit take-profit (no risks after the price breaks the set level).

You can actually do better than this with price oracles. You can issue collateralized loans. You can peg a token to any real world asset or basket of assets by backing it with equivalent amount of collateral in bytes or other crypto.
 

I guess there is some trust involved that the collateral holder won't run away with the collateral?

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Come-from-Beyond
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April 05, 2017, 07:21:32 PM
 #6416

http://bitsonline.com/study-costly-side-smart-contracts/

TL;DR version: Turing-completeness = BAD, Turing-incompleteness = GOOD.
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April 05, 2017, 07:31:41 PM
 #6417

From the blog

Quote
Now you can short any coin without owning it, simply by betting that its price goes below certain level. Being a binary option, this contract also limits your loss (you can’t lose more than you paid) and includes an implicit take-profit (no risks after the price breaks the set level).

You can actually do better than this with price oracles. You can issue collateralized loans. You can peg a token to any real world asset or basket of assets by backing it with equivalent amount of collateral in bytes or other crypto.
 

I guess there is some trust involved that the collateral holder won't run away with the collateral?

Collateral can be locked by smart contract, just like bitshares does.

.
SatoNatomato
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April 05, 2017, 07:34:17 PM
 #6418

Do I understand this correctly that to use this betting feature one must find:

1. some other user eager to be a counterparty to the betting contract
2. find out the other user's device address
3. pair the wallet with the other user's device
4. start a chat and set up a contract as described in the medium post

If that's correct we need some community forums to find possible counterparty users to bet with.
Slack channels is good short-term solution, similar to finding trading partners to exchange any other asset or currency, there should be a channel to find prediction-market betters.
 
SatoNatomato
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April 05, 2017, 07:35:57 PM
 #6419

As an alternative to Cryptox.pl you could try to use the Bitcoin oracle in order to exchange Bitcoin and Byteballs with someone else. Of course it is not an exchange replacement but it is a new save way to trade.

can we get byteball on bittrex so I dont have to use a janky ass exchange?

I am just playing a little bit around with Byteball and I am wondering if there is an API I can use to access DAG data on localhost? Couldn't find any information on the web.
Other users have said they take a copy of the byteball.sqlite file and access it with any sqlite browsers, even the CLI sqlite3 works well.

Alternative is, you could run the byteball-explorer yourself locally, and thus explore the DAG with that nice interface.
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April 05, 2017, 08:19:36 PM
Last edit: April 10, 2017, 06:47:03 AM by ParmaBTC
 #6420

COUNTDOWN TO NEXT SNAPSHOT
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