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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1164844 times)
kaicrypzen
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April 26, 2017, 12:25:19 PM
 #7321

My GBYTES are at Bittrex. Can I participate und the airdrop distribution?

You should probably contact Bittrex to know if they intend to give you your share from the distribution depending on your balance, that is completely up to them. As far as I know, they didn't make any statement about that.

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bobo012
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April 26, 2017, 12:29:59 PM
 #7322

so same rules for 5th distribution?

thank you

Yes, same rules
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April 26, 2017, 12:59:24 PM
 #7323

Do blackbytes use the same address as byteballs?
kaicrypzen
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April 26, 2017, 01:05:14 PM
 #7324

Do blackbytes use the same address as byteballs?

Well yes, however you can not just send them to an address, you have to pair devices with the device you are exchanging with and satisfy a payment request that it sends you or click on their address (that they sent you through the chat interface) and use it to send blackbytes. (And you need bytes to pay for transaction fees.)

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April 26, 2017, 01:38:18 PM
 #7325

If you cannot exchange the blackbytes, how do they get their value?

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April 26, 2017, 03:09:26 PM
 #7326

If you cannot exchange the blackbytes, how do they get their value?

You can. Why not?

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April 26, 2017, 03:10:53 PM
 #7327

I thought blackbytes were not tradeable..where can i trade them?

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April 26, 2017, 03:12:43 PM
 #7328

I thought blackbytes were not tradeable..where can i trade them?
slack channel, or p2p trades with someone here (use escrow)
there's also an exchange bot in the wallet

I am not interested in preserving the status quo; I want to overthrow it. Niccolò Machiavelli
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April 26, 2017, 03:15:43 PM
 #7329

I thought blackbytes were not tradeable..where can i trade them?

For now, only OTC. Check #trading_blackbytes at byteball.slack.com. Rumors say that automated trade bot is coming soon.

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kola-schaar
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April 26, 2017, 04:32:12 PM
 #7330

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April 26, 2017, 06:11:22 PM
 #7331

Ok thanks everyone Smiley

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April 26, 2017, 06:46:47 PM
 #7332

Dear hodlers,

The time has come to put your bytes into real use.

We are launching P2P insurance on smart contracts https://medium.com/byteball/making-p2p-great-again-episode-iv-p2p-insurance-cbbd1e59d527.

Starting today, you can use your bytes to buy or sell insurance against flight delay.
Some of you might be going to fly in the near future.  Buy insurance from peers and get paid if your flight is delayed.  
If you are selling insurance, you have opportunity to make a profit, thus earning interest on your holdings (with correct risk management, of course!).

Before buying/selling, learn stats about your flight to estimate the probability of delay and decide how much you are willing to pay (if buying) or ask (if selling).  Some useful resources:
http://www.flightstats.com
http://flightaware.com/
https://www.flightradar24.com

Then post your offer in #p2p_insurance channel on our slack.

I'm going to fly to Dalaman (Turkey) via Istambul, and to get this market going, I ask you to insure my flights:
TK420 on Apr 30
TK2554 on Apr 30
TK2561 on May 9
TK413 on May 10

I'm willing to pay 10% for insurance against delay of 15 minutes or more, or 5% for insurance against delay of 30 minutes or more (I didn't actually research the stats and don't know how fair these premiums are, but a disbalance of supply and demand will tell me if I'm wrong).  Each flight is a separate contract, and I'll be more than happy to buy from different sellers.

Simplicity is beauty
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April 26, 2017, 06:50:34 PM
 #7333

Dear hodlers,

The time has come to put your bytes into real use.

We are launching P2P insurance on smart contracts https://medium.com/byteball/making-p2p-great-again-episode-iv-p2p-insurance-cbbd1e59d527.

Starting today, you can use your bytes to buy or sell insurance against flight delay.
Some of you might be going to fly in the near future.  Buy insurance from peers and get paid if your flight is delayed.  
If you are selling insurance, you have opportunity to make a profit, thus earning interest on your holdings (with correct risk management, of course!).

Before buying/selling, learn stats about your flight to estimate the probability of delay and decide how much you are willing to pay (if buying) or ask (if selling).  Some useful resources:
http://www.flightstats.com
http://flightaware.com/
https://www.flightradar24.com

Then post your offer in #p2p_insurance channel on our slack.

I'm going to fly to Dalaman (Turkey) via Istambul, and to get this market going, I ask you to insure my flights:
TK420 on Apr 30
TK2554 on Apr 30
TK2561 on May 9
TK413 on May 10

I'm willing to pay 10% for insurance against delay of 15 minutes or more, or 5% for insurance against delay of 30 minutes or more (I didn't actually research the stats and don't know how fair these premiums are, but a disbalance of supply and demand will tell me if I'm wrong).  Each flight is a separate contract, and I'll be more than happy to buy from different sellers.


This is amazing......absolutely amazing ...... thank you very much  Grin

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bobo012
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April 26, 2017, 06:58:34 PM
 #7334

Can't believe the speed these upgrades are coming. Great work
LoyceV
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April 26, 2017, 07:22:52 PM
 #7335

This leaves me with the same question I've had since I first read about smart contracts: how is the smart contract going to know what happened in real life?
From your link:
Quote
We have an oracle that monitors flight delays.
How does this oracle know? I can believe the smart contract structure can work, so you don't need to trust any third party insurance company on this, but you now move the uncertain factor elsewhere.

Quote
I have the same question here: what if these sites are wrong? If you rely entirely on a third party website, you're copying all possible flaws they have. How is this better than using an actual insurance company?

Don't get me wrong, I like your projects, just curious if the flaws I can think of can be prevented.

SatoNatomato
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April 26, 2017, 07:28:24 PM
 #7336

This leaves me with the same question I've had since I first read about smart contracts: how is the smart contract going to know what happened in real life?
From your link:
Quote
We have an oracle that monitors flight delays.
How does this oracle know? I can believe the smart contract structure can work, so you don't need to trust any third party insurance company on this, but you now move the uncertain factor elsewhere.

Quote
I have the same question here: what if these sites are wrong? If you rely entirely on a third party website, you're copying all possible flaws they have. How is this better than using an actual insurance company?

Don't get me wrong, I like your projects, just curious if the flaws I can think of can be prevented.
You trust the oracle, the oracle knows because it is asking/requesting the data from flightstats.com it would be possible to construct the oracle so it uses more sources, but even an normal insurance company has to trust someone to tell when a flight has landed or not.

If the oracle lies but flightstats.com does not, you may be tricked, but in that case its open to the public and you can show that the oracle lied - hence the oracle can go to hell and nobody will use it again.

Its better than an insurance company because even me and you can be the insurer now, and more transparent than dealing with them.
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April 26, 2017, 07:35:10 PM
 #7337


If the oracle lies but flightstats.com does not, you may be tricked, but in that case its open to the public and you can show that the oracle lied - hence the oracle can go to hell and nobody will use it again.


The problem is that this is anonymous oracle. It can lie once, in case it is caught simply make another wallet, and continue to lie.

.
SatoNatomato
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April 26, 2017, 07:46:29 PM
 #7338


If the oracle lies but flightstats.com does not, you may be tricked, but in that case its open to the public and you can show that the oracle lied - hence the oracle can go to hell and nobody will use it again.


The problem is that this is anonymous oracle. It can lie once, in case it is caught simply make another wallet, and continue to lie.

The flight oracle is run by tonych so there is too much incentive for him not to lie, and he has very much already earned street cred.

Most oracles should not be anonymous though, unless you think shady deals.
portabella
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April 26, 2017, 07:46:36 PM
 #7339

Great features! Nice developments.

Reminder for people in here, you can use my witness
7ULGTPFB72TOYA67YNGMX2Y445FSTL7O to replace JEDZYC2HMGDBIDQKG3XSTXUSHMCBK725.

Also, I run a few hubs, byteroll.com if you are in Europe, s.byteroll.com if you are in Asia, and e.byteroll.com if you are in America. You can use them without using my witness, to offload the main hub.
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April 26, 2017, 07:53:24 PM
 #7340

The flight oracle is run by tonych

How can I make sure of this? Anybody can download oracle code from github, modify it to feed a crappy data and run. How can I connect oracle address with RL identity?





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