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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1234005 times)
TronQuix
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May 15, 2017, 05:14:44 PM
 #8201

I am still a little confused about the distribution process. I can buy Byteball at anytime through the trade bot correct? And then I can get more of the currency during the distribution by doing what with my wallet? I'm a little lost on that process.

Ok I am editing this. So, I speak with the Oracle from the Matrix, and she tells me I am not the One, and then I send BTC to WHICH wallet, I guess thats the better question? Or do I just type in the address of my personal wallet that is holding my BTC to verify that the funds are indeed there?
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May 15, 2017, 06:04:37 PM
 #8202

Some of you, probably, don't know about YDX (http://iotaexchange.com/#details). Despite of the domain name other coins are traded there too. Right now majority of YDX users favor IOTA over Byteball which creates a disbalance during trollparties thrown every weekend. I'd like to see more Byteball fans on YDX, so if you are willing to join - PM me with your email and I'll send you an invite to https://ydx.slack.com.

PS: Here are the recent trades of blackbytes on YDX (more users join - more activity there will be):
Code:
      Timestamp        |   Type   |   Qty (Unit)  |  Price (microBTC/Unit)  |       Amount (microBTC)
-------------------------------------------------------------------------------------------------------
2017-05-15 19:50:13   |   Down   |      48'500   |                     6   |                 291'000
2017-05-15 19:48:54   |   Down   |       1'000   |                     6   |                   6'000
2017-05-14 23:44:13   |   Down   |      20'483   |                     6   |                 122'898
2017-05-08 20:33:08   |    Up    |         346   |                     6   |                   2'076
2017-05-05 15:31:31   |   Down   |           3   |                     6   |                      18
2017-05-05 15:31:31   |   Down   |           1   |                     6   |                       6
2017-05-02 09:25:10   |   Down   |       2'692   |                     5   |                  13'460
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May 15, 2017, 06:29:11 PM
Last edit: May 15, 2017, 10:36:48 PM by Bimmerhead
 #8203

I originally posted this in Slack, but its already buried (don't you just hate Slack? There must be a better way...)

***
Missing Blackbytes. I initially installed a wallet on my Android and received the bytes and blackbytes from the initial distribution back in January. I subsequently installed the same wallet on my Mac laptop.

I have had no issue with the Byteball, but the Blackbytes on my Android wallet don't seem to send. They leave my wallet, but don't appear at the receiving address. I don't get an error message at all. I am running 1.8.5 light.

TIA

I'm offering a 2 GB reward for the successful recovery of these Blackbytes.

solved
kola-schaar
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May 15, 2017, 07:14:07 PM
 #8204

I am very excited about Byteball!
Very good and fast growing project and with a wonderful wallet btw Wink

Do you know how many distribution dates are left or when will be the last distribution date?
Please read first the OP (opening post):
https://bitcointalk.org/index.php?topic=1608859.0
"Participation in Byteball distribution"

Distribution is every full moon:
http://www.moongiant.com/Full_Moon_New_Moon_Calendar.php
Further Information:
https://bitcointalk.org/index.php?topic=1608859.msg18978655#msg18978655
kola-schaar
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May 15, 2017, 07:21:19 PM
 #8205

I am still a little confused about the distribution process. I can buy Byteball at anytime through the trade bot correct? And then I can get more of the currency during the distribution by doing what with my wallet? I'm a little lost on that process.

Ok I am editing this. So, I speak with the Oracle from the Matrix, and she tells me I am not the One, and then I send BTC to WHICH wallet, I guess thats the better question? Or do I just type in the address of my personal wallet that is holding my BTC to verify that the funds are indeed there?
Please read first OP:
https://bitcointalk.org/index.php?topic=1608859.0
(Participation in Byteball distribution)

After that you can use this Tutorial:
http://bitviser.info/

or this Tutorial:
http://dailybyteball.blogspot.de/2017/03/how-to-link-bitcoin-address-for.html
http://dailybyteball.blogspot.de/2017/03/how-to-sign-message-with-bitcoin.html
http://dailybyteball.blogspot.de/2017/03/how-to-sign-message-with-bitcoin_15.html

If you still have questions we help gladly further
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May 15, 2017, 07:34:33 PM
 #8206

I originally posted this in Slack, but its already buried (don't you just hate Slack? There must be a better way...)

***
Missing Blackbytes. I initially installed a wallet on my Android and received the bytes and blackbytes from the initial distribution back in January. I subsequently installed the same wallet on my Mac laptop.

I have had no issue with the Byteball, but the Blackbytes on my Android wallet don't seem to send. They leave my wallet, but don't appear at the receiving address. I don't get an error message at all. I am running 1.8.5 light.

TIA

I'm offering a 2 GB reward for the successful recovery of these Blackbytes.

Sent you DM on slack, let me know if that works for you

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TronQuix
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May 15, 2017, 07:36:48 PM
 #8207

I am still a little confused about the distribution process. I can buy Byteball at anytime through the trade bot correct? And then I can get more of the currency during the distribution by doing what with my wallet? I'm a little lost on that process.

Ok I am editing this. So, I speak with the Oracle from the Matrix, and she tells me I am not the One, and then I send BTC to WHICH wallet, I guess thats the better question? Or do I just type in the address of my personal wallet that is holding my BTC to verify that the funds are indeed there?
Please read first OP:
https://bitcointalk.org/index.php?topic=1608859.0
(Participation in Byteball distribution)

After that you can use this Tutorial:
http://bitviser.info/

or this Tutorial:
http://dailybyteball.blogspot.de/2017/03/how-to-link-bitcoin-address-for.html
http://dailybyteball.blogspot.de/2017/03/how-to-sign-message-with-bitcoin.html
http://dailybyteball.blogspot.de/2017/03/how-to-sign-message-with-bitcoin_15.html

If you still have questions we help gladly further

you are a boss, ty
SatoNatomato
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May 15, 2017, 07:42:39 PM
 #8208

What is to stop Byteballs from having the scaling issues that IOTA is having?
IOTA and BYTEBALL these two coins, which technically more advanced?
Which one is in production, in use since 25h December 2016, traded on several exchanges both decentralized and normal exchanges? Byteball.

Iota is vaporware, big promises and very little delivery. Its not even a dag-coin as it doesnt have consensus algorithm, right now the consensus is made by developers deciding everyones balance in their own notebooks and posting "milestone" db releases.

For IoT - Iota doesnt make sense at all as it uses Proof-of-Work, IoT-devices are optimized to _not_ do any work, they must save energy. Iotas solution/suggestion/big-promise is to design a "jinn" hardware another micro-chip to place on your iot sensor to talk Iota. Lulz, there goes the "no fees" claim, the fees are just hidden in extra costs and integrations - and energy usage.

For someone who actually works with IoT, the whole iota thing is laughable. I chuckle every time I write about it.

Byteball is very suitable for IoT, most chips (look a few pages back I mentioned many and explained more in this, or look through my post history) which today can do TLS (which is https) encryption can also already do Byteball.

Not to mention, that your and others internet-of-things can transact with each others based on smart contracts - you can make trading rules when to sell sensor data and for how much, such logic, in the device, with its own addresses, not just "lets spew it transactions and let a centralized exchange decide who buys and who sells". Lol, I cant stop chuckling about iota, and their poor dev coming in here to shill and fud.
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May 15, 2017, 08:10:24 PM
 #8209

What is to stop Byteballs from having the scaling issues that IOTA is having?
IOTA and BYTEBALL these two coins, which technically more advanced?

I am not sure what one is more advanced, I own a lot more Byteball than IOTA for several reasons:

  • I am not convinced DAG is the way to go for internet of things. I have seen functional testnet demos of Raiden on Ethereum handling IoT stupidly high tx counts, far beyond what IOTA can attain.

    I do not think that DAG's future is in competing with Ethereum with machine to machine value transfers. I just cannot see how they can hope to compete. (Unless they also add state payment channels)

    However I see Byteball being competitive due to its focus on being the leading DAG crypto for the use by people and value transfer. (I think byteball has correct focus, IOTA does not.)
  • Tony's method of distributing Byteballs has been genius.
  • Tony isn't a jerk, I have seen multiple devs for IOTA act like childish jerks.
  • Actually not sure if IOTA has smart contracts, but one of the big reasons I got involved with byteballs is because of Tony's smart contract system.

My current question to Tony is this: can Byteball actually scale as a DAG crypto? IOTA's network has already slowed to a worse state than Bitcoin, and that is saying something.

Ditto on that question, I did a test transfer after trex reopened the wallet last night, and it took longer to transfer bytes (9 mins approximately) this time as opposed to little over a week ago was within couple mins.


Witnesses do not decide ordering of units.  Ordering is determined by the algorithm that looks back at the witnesses-authored units in the DAG.

What TPS limit do you expect to see in the real world (order of magnitude)?

You know, there is no architectural limit in the DAGs.
Regarding the practical limits, I don't buy into this race to Visa tps.  The most pressing issue of crypto is not tps, it is adoption (which we address in the first place).  Tps will come second after the first is solved.

I absolutely agree with this answer: If you want transition in the real world you need adoption.
Everything at the proper time - Step by Step  Wink


Adoption has been the age old hurdle since the dawn of crypto, question is the solution to accomplish this, obv needing more public exposure for one, as in does tony have just himself or others to help get byteball more recognized (marketed) etc? Tony's pretty busy with the coding side of things as it is, so besides the community we have here, what else can we do? Get articles maybe published on coindesk, news.bitcoin.com etc etc, with more public notice, more devs would get involved, more projects may build upon and utilize tony's amazing work... we all have to work as a team here



I'm glad someone else is saying this, adoption is the key. We are not the target group. The mere fact that we are even having a conversation on this platform is a sign that we all know to much. Even venturing on this website means you know to much. The target group is everybody else. When OTIS invented the automated elevator in the 1900 it took 50 years before people felt comfortable trusting the machine to go to the floor, open the doors, and let them out. We didn't NEED an elevator operator, but nobody trusted it.

All of us here on this website, trust in this technology, but the rest of the world, needs some convincing.
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May 15, 2017, 08:20:55 PM
 #8210

Which one is in production, in use since 25h December 2016, traded on several exchanges both decentralized and normal exchanges? Byteball.

Iota is vaporware, big promises and very little delivery. Its not even a dag-coin as it doesnt have consensus algorithm, right now the consensus is made by developers deciding everyones balance in their own notebooks and posting "milestone" db releases.

For IoT - Iota doesnt make sense at all as it uses Proof-of-Work, IoT-devices are optimized to _not_ do any work, they must save energy. Iotas solution/suggestion/big-promise is to design a "jinn" hardware another micro-chip to place on your iot sensor to talk Iota. Lulz, there goes the "no fees" claim, the fees are just hidden in extra costs and integrations - and energy usage.

For someone who actually works with IoT, the whole iota thing is laughable. I chuckle every time I write about it.

Byteball is very suitable for IoT, most chips (look a few pages back I mentioned many and explained more in this, or look through my post history) which today can do TLS (which is https) encryption can also already do Byteball.

Not to mention, that your and others internet-of-things can transact with each others based on smart contracts - you can make trading rules when to sell sensor data and for how much, such logic, in the device, with its own addresses, not just "lets spew it transactions and let a centralized exchange decide who buys and who sells". Lol, I cant stop chuckling about iota, and their poor dev coming in here to shill and fud.

You are a well-known liar. I have links proving that, let's bet?
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May 15, 2017, 08:23:28 PM
Last edit: May 16, 2017, 05:00:46 PM by marcus1986
 #8211

Battle between SatoNatomato and Come-from-Beyond begin again  Roll Eyes Place your bets ladies and gentlemens.
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May 15, 2017, 08:23:46 PM
 #8212

...traded on several exchanges both decentralized and normal exchanges? Byteball.

This bit is interesting... What decentralized exchange is Byteball traded on?
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May 15, 2017, 08:25:24 PM
 #8213

Battle between SatoNatomato and Come-from-Beyond begin again  Roll Eyes

Battle is when two guys of equal weight are fighting. Here it will be just me kicking SatoNatomato, as usual. :trollface:
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May 15, 2017, 08:25:53 PM
 #8214

...traded on several exchanges both decentralized and normal exchanges? Byteball.

This bit is interesting... What decentralized exchange is Byteball traded on?
well, bitsquare I think  Cheesy

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May 15, 2017, 08:32:09 PM
 #8215

well, bitsquare I think  Cheesy

Ah, I thought something new has appeared. Well, when every penny matters bitsquare is worth a mention, I think...
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May 15, 2017, 08:40:09 PM
 #8216

well, bitsquare I think  Cheesy

Ah, I thought something new has appeared. Well, when every penny matters bitsquare is worth a mention, I think...
is there any way to get some free IOTA like as byteball ??

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May 15, 2017, 08:41:31 PM
 #8217

is there any way to get some free IOTA like as byteball ??

I don't know of such possibilities.
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May 15, 2017, 08:44:11 PM
 #8218

Which one is in production, in use since 25h December 2016, traded on several exchanges both decentralized and normal exchanges? Byteball.

Iota is vaporware, big promises and very little delivery. Its not even a dag-coin as it doesnt have consensus algorithm, right now the consensus is made by developers deciding everyones balance in their own notebooks and posting "milestone" db releases.

For IoT - Iota doesnt make sense at all as it uses Proof-of-Work, IoT-devices are optimized to _not_ do any work, they must save energy. Iotas solution/suggestion/big-promise is to design a "jinn" hardware another micro-chip to place on your iot sensor to talk Iota. Lulz, there goes the "no fees" claim, the fees are just hidden in extra costs and integrations - and energy usage.

For someone who actually works with IoT, the whole iota thing is laughable. I chuckle every time I write about it.

Byteball is very suitable for IoT, most chips (look a few pages back I mentioned many and explained more in this, or look through my post history) which today can do TLS (which is https) encryption can also already do Byteball.

Not to mention, that your and others internet-of-things can transact with each others based on smart contracts - you can make trading rules when to sell sensor data and for how much, such logic, in the device, with its own addresses, not just "lets spew it transactions and let a centralized exchange decide who buys and who sells". Lol, I cant stop chuckling about iota, and their poor dev coming in here to shill and fud.


You are a well-known liar. I have links proving that, let's bet?
You lost the last time you challenged me to a bet, and I didnt want your dirty scam money then and I dont want them now.

Have you donated your bytes to the community fund as I requested last time? Are you a man of your word?
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May 15, 2017, 08:45:34 PM
 #8219

I originally posted this in Slack, but its already buried (don't you just hate Slack? There must be a better way...)

***
Missing Blackbytes. I initially installed a wallet on my Android and received the bytes and blackbytes from the initial distribution back in January. I subsequently installed the same wallet on my Mac laptop.

I have had no issue with the Byteball, but the Blackbytes on my Android wallet don't seem to send. They leave my wallet, but don't appear at the receiving address. I don't get an error message at all. I am running 1.8.5 light.

TIA

I'm offering a 2 GB reward for the successful recovery of these Blackbytes.

Sent you DM on slack, let me know if that works for you

@Bimmerhead
Just tested this out, both directions were successful from my PC wallet > Android, and From Android > PC.

But yes I didn't see the amount i sent show up in my PC wallet until I clicked on "Re-send Private Payload" on the transaction's history view. Try that and see if it works for you

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May 15, 2017, 08:47:26 PM
 #8220

You lost the last time you challenged me to a bet, and I didnt want your dirty scam money then and I dont want them now.

How could I lose the last time if you refused to accept the bet by using a childish excuse?  Cheesy

...I think we might start from your claim that Byteball DB can be compressed very well, we will also test if Byteball indeed suits IoT.

I had several GBs somewhere, let's use them for testing and let the witnesses earn easy buck. Here is the scenario I propose:

1. I will generate a lot of transactions containing high-entropy data.
2. You will measure TPS.
3. You will compress the DB in the end.
4. You will report the average TPS and the DB size after the compression.

What do you think of this?
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