Obyte: Totally new consensus algorithm + private untraceable payments

[tixi54]

Would I still receive extra coins if I do not link BTC wallet's address, but have some byteballs in my byteball wallet?

[1714953394]

1714953394

[1714953394]

1714953394

[1714953394]

1714953394

[1714953394]

1714953394

[European Central Bank]

Would I still receive extra coins if I do not link BTC wallet's address, but have some byteballs in my byteball wallet?

yes. you get 0.1 gb for every gb you already have.

[mishax1]

Must short GBYTE before the distribution and buy back 24h later 

[kola-schaar]

Would I still receive extra coins if I do not link BTC wallet's address, but have some byteballs in my byteball wallet?

Little addition -to keep you (every Newbie) from anger and disappointment

1.To get new bytes, it is sufficient to hold bytes at an arbitrary BB address - nothing to do
2.To get also blackbytes, it is necessary that this BB-address is linked.

Linked means the address is known to the bot.
The bot knows an address, when the BB-address is linked to one or more Bitcoin address(es).
Whether the Bitcoin address is empty or contains a value does not matter.

Note "purchased bytes":
If someone buys bytes and never linked a BTC address, he will receive only new bytes!
It is not possible in this case to distribute blackbytes (private currency). According to point 2 you have to link the BB address to receive also Blackbytes.

Note "Address change"
Maybe you are an active trader, at each transaction the Bytes will jump around between the BB-addresses (same as in a BTC-wallet).

In this case, before the snapshot, you have to make sure that the BTCs (to receive Bytes) and the bytes
(to receive also Blackbytes) are consolidated on an arbitrary linked addresses.
Therefore, there is always the hint to chat with the bot just before the snapshot (to check the balance).

[kola-schaar]

[dfox101]

waiting for the next distribution... wonderful coin project!

[Colba17]

The 6th and subsequent rounds (yet to be announced) will follow similar rules, but the relative weight of bytes vs. BTC (i.e. which amount of bytes gives the same share in the new distribution as 1 BTC) in the 6th and further rounds will change and will gradually increase to 1 BTC=62.5 MB.  It will be selected to maximize the value of bytes and keep the speed of distribution in sync with the growth of user base and the actual use of the network.

Can someone interpret this for me? Does this mean bytes will earn more or less than 10% going forward. The way it is worded is slightly confusing to me. 

[o0o0]

The 6th and subsequent rounds (yet to be announced) will follow similar rules, but the relative weight of bytes vs. BTC (i.e. which amount of bytes gives the same share in the new distribution as 1 BTC) in the 6th and further rounds will change and will gradually increase to 1 BTC=62.5 MB.  It will be selected to maximize the value of bytes and keep the speed of distribution in sync with the growth of user base and the actual use of the network.

Can someone interpret this for me? Does this mean bytes will earn more or less than 10% going forward. The way it is worded is slightly confusing to me. 

at the moment

1btc proven balance gives you 62.5mb
1gb gives 0.1gb

so 1btc gives 62.5mb or 0.0625 gigabytes
or 1gigabyte gives 100mb or 0.1 gigabytes

so holding gigabytes gives more advantage if you want more byteball.

approx comparison
1btc will give 62.5mb or 0.0625 gigabytes
that same 1btc used to buy byteball now is 6 almost 7 gigabyte.

that 7gigabyte would give 700mb or 0.7gigabyte

that help?

[mr001]

Don't miss the next Byteball airdrop on Wednesday!
... and what schould we do for that?

[Spratan]

Must short GBYTE before the distribution and buy back 24h later 

You would miss blackbytes distribution.

[mr001]

can anybody tell me more informations abaut the byteball lite wallet.
- is there any data file, to save it?
- thre is no pw for the wallet?
- how can i safe my coins?

[BTCspace]

37   Byteball Byteball   $42,206,120   $263.33   160,276 GBYTE *   $101,678   5.00%

[BTCspace]

Total balance linked: 158686.71770631 BTC

[Come-from-Beyond]

Was there any progress in this area:

Byteball is centralized in 12 servers so it's extremely hard to take it seriously as more than an interesting experiment to see how it's version of DAG works out.

Do the devs still control the majority of the witnesses? Is it really 12 servers or it's 12 processes running on a single machine or maybe it's even 1 process on 1 machine that uses 12 identities?

[kaicrypzen]

can anybody tell me more informations abaut the byteball lite wallet.
- is there any data file, to save it?

https://github.com/byteball/byteball#byteball-backups-and-recovery

You can also use the full backup or backup seed options from the global preferences. Mind that the seed can recover only bytes (not blackbytes).

(it's the same as a full node)

- thre is no pw for the wallet?

What is pw?

- how can i safe my coins?

If you mean back them up then you have your answer, otherwise can you be more specific please?

[gtzanap]

- thre is no pw for the wallet?

What is pw?

He probably means password

[kola-schaar]

Don't miss the next Byteball airdrop on Wednesday!

... and what schould we do for that?

please read OP:
https://bitcointalk.org/index.php?topic=1608859.0

[kaicrypzen]

- thre is no pw for the wallet?

What is pw?

He probably means password

Ah, in that case, one can easily set a password. Go to global preferences and then activate request password and you'll be prompted to set a password.

[Viper1]

Was there any progress in this area:

Byteball is centralized in 12 servers so it's extremely hard to take it seriously as more than an interesting experiment to see how it's version of DAG works out.

Do the devs still control the majority of the witnesses? Is it really 12 servers or it's 12 processes running on a single machine or maybe it's even 1 process on 1 machine that uses 12 identities?

I REALLY don't like that you took 1 line out of my statement from some other discussion and used it over here. I mean really. I wrote some stuff about IOTA in that other thread as well. I know you're in some sort of war with these guys but don't pull me into your spat with them.

[Come-from-Beyond]

I REALLY don't like that you took 1 line out of my statement from some other discussion and used it over here.

The complete quote was:

Don't understand all the mud slinging crap between SatoNatomato and Cfb. The two of you should just go get a room or something.

Byteball is centralized in 12 servers so it's extremely hard to take it seriously as more than an interesting experiment to see how it's version of DAG works out. If it ever actually got to the point someone could make big time money from it, and being the way people are, they could easily co-opt enough of those servers to take control.

IOTA. Already controversy over it's initial distribution and I hear CfB had shopped around for sock puppets to help out with that. Haven't even got to the point of looking into those allegations yet but that's what I already hear. Plus he seems more interested in FUDing Byteball than talking about IOTA in his own thread. I haven't even gone back there yet to continue to try and get some answers to my questions as no one seems interested in discussing anything technical about it. IOTA starts as centralized and only stops IF the hash power gets high enough. If it grows to the point where it's not really feasible for most people to run a full node, it ends up gravitating towards a small number of people running nodes and/or "pools" of people running some form of distributed nodes. i.e. it moves towards the current bitcoin mining situation (centralization).

Even with my current limited knowledge of both, I see flaws in both and all the FUDing is just a huge distraction to trying to discuss any of it.

PS: Sorry, I used to remove unnecessary (from my point of view) text.