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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1188408 times)
kaicrypzen
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May 12, 2017, 03:42:12 PM
Last edit: May 12, 2017, 03:55:19 PM by kaicrypzen
 #8121

Why does no exchange support blackbytes?

Deposits and withdrawals would need the user's device to be paired with the exchange's device and a human or a bot to carry out operations. A bot can do that, it just needs to be developed Smiley (and probably customized to the exchange somehow). (Transferring blackbytes is not as simple as sending/receiving to/from an address.)

so why it's not done yet?

Because no one took the time to try to do it Smiley.

how can we use this coins if you can just send here and there without trading? there is at least an estimate value for it somewhere? in my case i have 250M+ blackbytes, how much they are worth?

You can trade it Over-The-Counter, there's a blackbytes trading channel in Slack where people seem to trade blackbytes for bytes. There's also a blackbytes to btc trading channel in ydx.slack.com (Slack of Yassin, a reputable escrow). There's also this thread: https://bitcointalk.org/index.php?topic=1728405.


in my case i have 250M+ blackbytes, how much they are worth?

250M blackbytes is 0.25 GBB (GigaBlackByte), the highest buy order in Slack is 0.05 GB per GBB, so 0.25 GBB would be worth 0.0125 GB (for now).

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May 12, 2017, 04:06:38 PM
 #8122

Is there an exchange for blackbytes?
European Central Bank
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May 12, 2017, 04:10:33 PM
 #8123

Is there an exchange for blackbytes?

move your eyes a few centimetres up this thread and you will find the answer.

reading is cool and it portrays information.
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May 12, 2017, 04:43:43 PM
 #8124

Hello,


I don't have any BTC but I have Bytes and received the 0.1 in my wallet.
Will I not receive any BlackBytes because I haven't linked my wallet to any (empty) BTC address?



The BlackBytes are coming,just be patient
D3m0nKinGx
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May 12, 2017, 04:45:51 PM
 #8125

Trex Wallet under Maintenance Huh Any word why?

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yutyuf8687696
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May 12, 2017, 04:56:21 PM
 #8126

Blew out under deposit load?
D3m0nKinGx
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May 12, 2017, 04:58:51 PM
 #8127

Gave out under deposit load?

Maybe updating to new version?

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May 12, 2017, 05:03:54 PM
 #8128

does anyone know when wallet maintenance on bittrex is completed?
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May 12, 2017, 05:07:11 PM
 #8129

I see that there is another airdrop for Byteball on 9th of next month, got this information from https://www.icocountdown.com/

May I know how many bytes and black bytes will be distributed during this period?

it depends on two factors: 1) amount of btc linked to BB addresses by the time of snapshot 2) the sum of bytes all BB addresses keep by the time of snapshot. Both are changeable cause for example one can buy Gbytes at markets and bring them to his/her wallet

rules for 6th round can be found at http://whatis.wikidot.com/get-gbyte

Just a small correction Smiley 1) is changeable but 2) is not, if people don't buy, then the exchange's wallet will get bytes from the distribution, so the amount of bytes that is going to be distributed depending on bytes in circulation is already known and will always be.

May be wrong, but exchange addresses may be blacklisted from distributions

It's simple.
OP says that if the same address is linked to two different byteball accounts, then the BTC addy is blocked from both.  To fix this (cause you might have made a mistake or tried to claim an exchange address), you must register another BTC address and move the coins there.  (If it's an exchange address, then you can't possibly move all the coins to the newly registered address, unless you actually own them all and made a withdraw from the exchange).   That covers byteball from being hit for double airdrop and rightfully blocks the BTC addy to prevent a large number of people trying to claim exchange/gambling BTC addresses.

That said....
Yes, you can register an exchange address by the following method.
First, you know it's an address from an exchange (or even a gambling site), because you have coins on it.  You make a withdraw to yourself, so you see where it came from so you know how much is in it.    Now, setup a byteball wallet.  transition bot, you give it the address, and it says to send a small payment to an address.  On the exchange, you withdraw the specific amount to the byteball transition bot.  If the exchange uses that wallet to pay you (the bot), then the bot believes you own that address.   So, if no one else does this, then you just scored free bytes/blackbytes during that snapshot.

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May 12, 2017, 05:41:34 PM
 #8130

What's the difference between Black Bytes and Normal Bytes? Is it works like darksend?

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May 12, 2017, 06:03:29 PM
Last edit: May 12, 2017, 06:31:13 PM by LoyceV
 #8131

That said....
Yes, you can register an exchange address by the following method.
First, you know it's an address from an exchange (or even a gambling site), because you have coins on it.  You make a withdraw to yourself, so you see where it came from so you know how much is in it.    Now, setup a byteball wallet.  transition bot, you give it the address, and it says to send a small payment to an address.  On the exchange, you withdraw the specific amount to the byteball transition bot.  If the exchange uses that wallet to pay you (the bot), then the bot believes you own that address.   So, if no one else does this, then you just scored free bytes/blackbytes during that snapshot.
You forget a crucial detail: the exchange doesn't send the change back to the original address, it sends it to another address. When you withdraw for the second time, it comes from a different address.

Edit: valid points below.

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May 12, 2017, 06:15:44 PM
 #8132

You forget a crucial detail: the exchange doesn't send the change back to the original address, it sends it to another address. When you withdraw for the second time, it comes from a different address.

Not true.
First, several exchanges reuse addresses with large amounts of coins.  Same for gambling sites using multisig accounts.  I can prove this with 100% certainty.

No one moves ALL the coins in an address as change to another.  If they did, there would be no reason to even change addresses.

An address having 100 coins normally isn't a single input.  So, if they send you 25 coins, then only the inputs needed to pay you are used and the change of those selected inputs go to a new address.  So, this leaves the majority of coins in the original address.
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May 12, 2017, 06:42:03 PM
Last edit: May 12, 2017, 08:22:25 PM by Vaccinus
 #8133

Why does no exchange support blackbytes?

Deposits and withdrawals would need the user's device to be paired with the exchange's device and a human or a bot to carry out operations. A bot can do that, it just needs to be developed Smiley (and probably customized to the exchange somehow). (Transferring blackbytes is not as simple as sending/receiving to/from an address.)

so why it's not done yet?

Because no one took the time to try to do it Smiley.

how can we use this coins if you can just send here and there without trading? there is at least an estimate value for it somewhere? in my case i have 250M+ blackbytes, how much they are worth?

You can trade it Over-The-Counter, there's a blackbytes trading channel in Slack where people seem to trade blackbytes for bytes. There's also a blackbytes to btc trading channel in ydx.slack.com (Slack of Yassin, a reputable escrow). There's also this thread: https://bitcointalk.org/index.php?topic=1728405.


in my case i have 250M+ blackbytes, how much they are worth?

250M blackbytes is 0.25 GBB (GigaBlackByte), the highest buy order in Slack is 0.05 GB per GBB, so 0.25 GBB would be worth 0.0125 GB (for now).

i see thar the value is very low, better to hold for now, anyway i can't sign on that slack channel, what is the team exactly, i need an invite perhaps?

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May 12, 2017, 06:54:37 PM
 #8134

Yes, you can register an exchange address by the following method.
First, you know it's an address from an exchange (or even a gambling site), because you have coins on it.  You make a withdraw to yourself, so you see where it came from so you know how much is in it.    Now, setup a byteball wallet.  transition bot, you give it the address, and it says to send a small payment to an address.  On the exchange, you withdraw the specific amount to the byteball transition bot.  If the exchange uses that wallet to pay you (the bot), then the bot believes you own that address.   So, if no one else does this, then you just scored free bytes/blackbytes during that snapshot.

This won't work. Exchanges include a sending as one output of the same multi-output transaction.

user1 withdraws micropyament to address1
user2 withdraws micropayment to address2
user3 withdraws micropayment to address3
.....

There will be only one transaction from the exchange that outputs to all the addresses the different users withdrew to.

The bot refuses to link any address whose micropayment is included in a transaction that has more than two outputs.

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May 12, 2017, 08:02:04 PM
 #8135

I read few posts back that at next round we will receive double for holding bytes and blackbytes and bitcoin will give us normal ratio. It is good initiative to encourage people to keep holding their stakes. I was planning to hold anyway till the distribution ends. I also received tonight blackbytes as well.
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May 12, 2017, 08:23:09 PM
 #8136

I read few posts back that at next round we will receive double for holding bytes and blackbytes and bitcoin will give us normal ratio. It is good initiative to encourage people to keep holding their stakes. I was planning to hold anyway till the distribution ends. I also received tonight blackbytes as well.

NO.

Double the bonus.  Not double the balance.

Bonus was 10% of your balance.
Double the bonus is 20% of your balance.
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May 12, 2017, 08:24:01 PM
 #8137

is there a formal exchange for blackbyte?
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May 12, 2017, 08:29:26 PM
 #8138

There will be only one transaction from the exchange that outputs to all the addresses the different users withdrew to.

The bot refuses to link any address whose micropayment is included in a transaction that has more than two outputs.

I agree with the first sentence.

I have read the OP many times. 
I can't see where it says the micropayment must be a 1or2 output transaction.

Not saying you're wrong, but I can't find where you see that as a rule.
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May 12, 2017, 08:29:40 PM
 #8139

is there a formal exchange for blackbyte?

Not as yet, it's still all OTC.
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May 12, 2017, 09:09:45 PM
 #8140

My hubs updated to 1.8.3  Wink

byteball.me/bb
blackbytes.me/bb
byteball.zuqka.info/bb

On byteball.me/bb and blackbytes.me/bb the default witness JED... is replaced with 7ULGTPFB72TOYA67YNGMX2Y445FSTL7O

That witness is run by portabella known in the slack and for helping discover first XSSes in Byteball.

See the link for details: https://byteroll.com/witness

nxt: NXT-2V7G-C8BY-KTYY-CAHNU * btc: 19UcQHepGvXb2fDcAMBJo1a3iduqBNXaGw * byte: XJBP46RQ7OZ6KKY4IXKL73VQBDKRIYJ4
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