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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1236387 times)
davidoski
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April 29, 2017, 12:34:57 PM
 #7401

I hope it doesn't pump either, it would be bad for image.  If 1GB is sold at a high price but it is standing on fresh air and nothing supporting it, it will get a bad reputation as P and D.  Gentle growth as use cases come along would make it much more solid.

One more reason why I think another 1% should be put aside for would be developers.  It would be in all our interests.


Let's not forget that 1GB is a huge measure unit.

1 GB is 1/millionth part of (eventual) total coin supply
1 BTC is 1/16millionth part of (current) total coin supply

Therefore 1GB is like 16 bitcoins in terms of total coin supply share.

If byteball achieved parity with BTC with regard to market cap, 1GB would be worth 16 BTC.

... and you can buy one now for 0,16 BTC with a guaranteed 10% free airdrop on a monthly basis...

Chancellor on brink of second bailout for banks
yvv
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April 29, 2017, 12:39:27 PM
 #7402

i still was not able to create a smart contract. i just don't get after reading this: https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab

is there an how to for dummies?
First you need to find somebody (a person)  to be a party (peer) to your contract. Than you need to pair your device inside wallet with that other person and you can offer a contract via chat. When your peer accepts your contract offer - BOOM! It's done - peer-to-peer contract.

Yeah, and this brings usefulness of these "smart" contracts pretty much close to zero. I can't imagine anybody in good mind going to slack to search for a peer when he wants to buy air ticket insurance. Insurance is a deal between many peers. Those policy holders who are not affected by insured event pay to those who are affected. Normally, insurance company connects them all together. If somebody implements insurance without a middleman, this will be cool, but this two-side betting in chat bot is never going to work.

.
davidoski
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April 29, 2017, 12:47:39 PM
 #7403

i still was not able to create a smart contract. i just don't get after reading this: https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab

is there an how to for dummies?
First you need to find somebody (a person)  to be a party (peer) to your contract. Than you need to pair your device inside wallet with that other person and you can offer a contract via chat. When your peer accepts your contract offer - BOOM! It's done - peer-to-peer contract.

Yeah, and this brings usefulness of these "smart" contracts pretty much close to zero. I can't imagine anybody in good mind going to slack to search for a peer when he wants to buy air ticket insurance. Insurance is a deal between many peers. Those policy holders who are not affected by insured event pay to those who are affected. Normally, insurance company connects them all together. If somebody implements insurance without a middleman, this will be cool, but this two-side betting in chat bot is never going to work.


This can be easily overcome with a simple website where ppl can place their offers (both providing insurance and seeking insurance) - once you see a suitible offer you just pair via wallet and finalize contract. Pretty simple.

You don't go to slack to sell your used phone. You go to ebay and submit an offer. The same applies to finding a counterparty to a peer to peer contract. Of course the website will be different but the idea is the same.

Chancellor on brink of second bailout for banks
pumz
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April 29, 2017, 12:50:06 PM
 #7404

counting days for next distribution as there are 11 more to go. At current prices it is getting harder to buy more bitcoins to hold to be eligible to receive. This time I will manage to get some. We are approaching the due date and my excitement is climbing up.
yvv
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April 29, 2017, 12:57:43 PM
 #7405

i still was not able to create a smart contract. i just don't get after reading this: https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab

is there an how to for dummies?
First you need to find somebody (a person)  to be a party (peer) to your contract. Than you need to pair your device inside wallet with that other person and you can offer a contract via chat. When your peer accepts your contract offer - BOOM! It's done - peer-to-peer contract.

Yeah, and this brings usefulness of these "smart" contracts pretty much close to zero. I can't imagine anybody in good mind going to slack to search for a peer when he wants to buy air ticket insurance. Insurance is a deal between many peers. Those policy holders who are not affected by insured event pay to those who are affected. Normally, insurance company connects them all together. If somebody implements insurance without a middleman, this will be cool, but this two-side betting in chat bot is never going to work.


This can be easily overcome with a simple website where ppl can place their offers (both providing insurance and seeking insurance) - once you see a suitible offer you just pair via wallet and finalize contract. Pretty simple.

You don't go to slack to sell your used phone. You go to ebay and submit an offer. The same applies to finding a counterparty to a peer to peer contract.

A trade is indeed a deal between two parties, but insurance is not. Insurance is a group contract. It works completely differently than a trade. Those who are not affected by insured event pay to those who are affected. Same with prediction markets, it is a group betting between many peers. If everybody is right or everybody is wrong, nobody wins, but if you bet against the crowd when the crowd is wrong, you win a lot.
 

.
davidoski
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April 29, 2017, 01:00:17 PM
 #7406

i still was not able to create a smart contract. i just don't get after reading this: https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab

is there an how to for dummies?
First you need to find somebody (a person)  to be a party (peer) to your contract. Than you need to pair your device inside wallet with that other person and you can offer a contract via chat. When your peer accepts your contract offer - BOOM! It's done - peer-to-peer contract.

Yeah, and this brings usefulness of these "smart" contracts pretty much close to zero. I can't imagine anybody in good mind going to slack to search for a peer when he wants to buy air ticket insurance. Insurance is a deal between many peers. Those policy holders who are not affected by insured event pay to those who are affected. Normally, insurance company connects them all together. If somebody implements insurance without a middleman, this will be cool, but this two-side betting in chat bot is never going to work.


This can be easily overcome with a simple website where ppl can place their offers (both providing insurance and seeking insurance) - once you see a suitible offer you just pair via wallet and finalize contract. Pretty simple.

You don't go to slack to sell your used phone. You go to ebay and submit an offer. The same applies to finding a counterparty to a peer to peer contract.

A trade is indeed a deal between two parties, but insurance is not. Insurance is a group contract. It works completely differently than a trade. Those who are not affected by insured event pay to those who are affected. Same with prediction markets, it is a group betting between many peers. If everybody is right or everybody is wrong, nobody wins, but if you bet against the crowd when the crowd is wrong, you win a lot.
 

You must be kidding.

Chancellor on brink of second bailout for banks
yvv
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April 29, 2017, 01:04:28 PM
 #7407

i still was not able to create a smart contract. i just don't get after reading this: https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab

is there an how to for dummies?
First you need to find somebody (a person)  to be a party (peer) to your contract. Than you need to pair your device inside wallet with that other person and you can offer a contract via chat. When your peer accepts your contract offer - BOOM! It's done - peer-to-peer contract.

Yeah, and this brings usefulness of these "smart" contracts pretty much close to zero. I can't imagine anybody in good mind going to slack to search for a peer when he wants to buy air ticket insurance. Insurance is a deal between many peers. Those policy holders who are not affected by insured event pay to those who are affected. Normally, insurance company connects them all together. If somebody implements insurance without a middleman, this will be cool, but this two-side betting in chat bot is never going to work.


This can be easily overcome with a simple website where ppl can place their offers (both providing insurance and seeking insurance) - once you see a suitible offer you just pair via wallet and finalize contract. Pretty simple.

You don't go to slack to sell your used phone. You go to ebay and submit an offer. The same applies to finding a counterparty to a peer to peer contract.

A trade is indeed a deal between two parties, but insurance is not. Insurance is a group contract. It works completely differently than a trade. Those who are not affected by insured event pay to those who are affected. Same with prediction markets, it is a group betting between many peers. If everybody is right or everybody is wrong, nobody wins, but if you bet against the crowd when the crowd is wrong, you win a lot.
 

You must be kidding.

No, I am serious. This chat bot betting is not going to work, because it is wrong.

Tell me, how many bets were made up to now?


.
davidoski
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April 29, 2017, 01:08:16 PM
 #7408

i still was not able to create a smart contract. i just don't get after reading this: https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab

is there an how to for dummies?
First you need to find somebody (a person)  to be a party (peer) to your contract. Than you need to pair your device inside wallet with that other person and you can offer a contract via chat. When your peer accepts your contract offer - BOOM! It's done - peer-to-peer contract.

Yeah, and this brings usefulness of these "smart" contracts pretty much close to zero. I can't imagine anybody in good mind going to slack to search for a peer when he wants to buy air ticket insurance. Insurance is a deal between many peers. Those policy holders who are not affected by insured event pay to those who are affected. Normally, insurance company connects them all together. If somebody implements insurance without a middleman, this will be cool, but this two-side betting in chat bot is never going to work.


This can be easily overcome with a simple website where ppl can place their offers (both providing insurance and seeking insurance) - once you see a suitible offer you just pair via wallet and finalize contract. Pretty simple.

You don't go to slack to sell your used phone. You go to ebay and submit an offer. The same applies to finding a counterparty to a peer to peer contract.

A trade is indeed a deal between two parties, but insurance is not. Insurance is a group contract. It works completely differently than a trade. Those who are not affected by insured event pay to those who are affected. Same with prediction markets, it is a group betting between many peers. If everybody is right or everybody is wrong, nobody wins, but if you bet against the crowd when the crowd is wrong, you win a lot.
 

You must be kidding.

No, I am serious. This chat bot betting is not going to work, because it is wrong.

Tell me, how many bets were made up to now.
It doesn't matter. How many emails were sent in 1988?

Chancellor on brink of second bailout for banks
memii
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April 29, 2017, 01:11:41 PM
 #7409

Byteball getting more value but from my point of view this is just beginning soon we will be on poloniex because this technology is totally new and it deserve moon. Waiting for next distribution my coins are ready into my wallet hope this time will get more value.
yvv
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April 29, 2017, 01:18:47 PM
 #7410

i still was not able to create a smart contract. i just don't get after reading this: https://medium.com/byteball/making-p2p-great-again-episode-iii-prediction-markets-f40d49c0abab

is there an how to for dummies?
First you need to find somebody (a person)  to be a party (peer) to your contract. Than you need to pair your device inside wallet with that other person and you can offer a contract via chat. When your peer accepts your contract offer - BOOM! It's done - peer-to-peer contract.

Yeah, and this brings usefulness of these "smart" contracts pretty much close to zero. I can't imagine anybody in good mind going to slack to search for a peer when he wants to buy air ticket insurance. Insurance is a deal between many peers. Those policy holders who are not affected by insured event pay to those who are affected. Normally, insurance company connects them all together. If somebody implements insurance without a middleman, this will be cool, but this two-side betting in chat bot is never going to work.


This can be easily overcome with a simple website where ppl can place their offers (both providing insurance and seeking insurance) - once you see a suitible offer you just pair via wallet and finalize contract. Pretty simple.

You don't go to slack to sell your used phone. You go to ebay and submit an offer. The same applies to finding a counterparty to a peer to peer contract.

A trade is indeed a deal between two parties, but insurance is not. Insurance is a group contract. It works completely differently than a trade. Those who are not affected by insured event pay to those who are affected. Same with prediction markets, it is a group betting between many peers. If everybody is right or everybody is wrong, nobody wins, but if you bet against the crowd when the crowd is wrong, you win a lot.
 

You must be kidding.

No, I am serious. This chat bot betting is not going to work, because it is wrong.

Tell me, how many bets were made up to now.
It doesn't matter.

Yeah, right. If the point of byteball is to create things which don't matter, have fun.

Quote
How many emails were sent in 1988?

In contrast to many other things, email does matter. This is because it is done the right way.


.
yutyuf8687696
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April 29, 2017, 01:35:01 PM
 #7411

Q:Is 1btc the minimum you need for a full moon drop?
GER_Nexus
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April 29, 2017, 01:43:04 PM
 #7412

Q:Is 1btc the minimum you need for a full moon drop?

No, I don't think so.
There isn't a minimum as far as I know.
escapefrom3dom
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April 29, 2017, 01:43:04 PM
 #7413

Q:Is 1btc the minimum you need for a full moon drop?

no, u may have not integer btc balance (even less than 1 btc).

yutyuf8687696
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April 29, 2017, 02:19:26 PM
 #7414

Thanks for the info,is it better to link a btc wallet or get some bytes (for the same value as btc) for the drop?
Arvydas77
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April 29, 2017, 03:10:11 PM
 #7415

Byteball getting more value but from my point of view this is just beginning soon we will be on poloniex because this technology is totally new and it deserve moon. Waiting for next distribution my coins are ready into my wallet hope this time will get more value.

Think what amount of GB Polo has and then think again if you really want them to add it to their exchange.



.
.BIG WINNER!.
[15.00000000 BTC]


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Rainbot
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April 29, 2017, 04:53:09 PM
 #7416

better to buy

why? btc linking costs you nothing.


Let's not forget that 1GB is a huge measure unit.

1 GB is 1/millionth part of (eventual) total coin supply
1 BTC is 1/16millionth part of (current) total coin supply

Therefore 1GB is like 16 bitcoins in terms of total coin supply share.

If byteball achieved parity with BTC with regard to market cap, 1GB would be worth 16 BTC.

... and you can buy one now for 0,16 BTC with a guaranteed 10% free airdrop on a monthly basis...


thanks for this. it makes things nice and clear. too many zeroes otherwise.
Ano
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April 29, 2017, 04:57:37 PM
 #7417

I like the distribution model of this coin which is really unique like the code. I think price will continue to rise if polo will add this coin than it will be over $400.
Jeff Jefferson
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April 29, 2017, 05:42:46 PM
 #7418

Just linking 1 btc gives you around 13 usd. For 1 btc you get 6.25 GB which means you get around 130 usd with the next drop

That's tenfold. So it's better to buy some bytes
blackhawk101
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April 29, 2017, 05:49:22 PM
 #7419

ME PLAN:
1. SELL ALL BYTE BALLZ FOR BITCOIN
2. PUT BITCOIN IN ELECTRON WALLET, LINK BB
3. WAIT FOR FULL MOOON
4. PARTY
Jeff Jefferson
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April 29, 2017, 05:53:33 PM
 #7420

ME PLAN:
1. SELL ALL BYTE BALLZ FOR BITCOIN
2. PUT BITCOIN IN ELECTRON WALLET, LINK BB
3. WAIT FOR FULL MOOON
4. PARTY


Nice plan to minimize your roi. But it's OK to play it safe
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