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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1236334 times)
Xandan
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May 28, 2017, 08:39:54 AM
 #8581

What I succeeded to find out from last few pages discussions is very good for byteball holders. There isn't much for Bitcoin holders to get from the distribution as after few more rounds it is going to end. That will really be game changing point and very good thing for byteball and blackbytes onward.
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May 28, 2017, 10:30:23 AM
 #8582



This coin is doing good job; looking by interest on a typical bank deposit 1,5-2% a year to interest by holding BTC 6,25% and Byteballs 10% a month.
Regards to crypto holders.

small corection, Byteballs 20% a month

Also, 1 BTC yields 0.062 GB per month. That's not 6.2% interest because 1 BTC is far more than 1 GB.

You can actually get better interest by lending BTC at poloniex, though I wouldn't leave large sums there for that long.

GB earning though really is risk free but distribution won't last long at these rates. Maybe till the end of summer?
Conditions have changed and now it is beneficial to have the bytes,not tie bitcoin.There will be 7 stages allocation of bytes for 1 GB at each stage getting 0.2 GB.
Buying now for 1 bitcoin 8 GB in December will get 29 GB.Tying 1 bitcoin will receive 0,8 GB in December(together with interest and coefficient of 1.2),a difference of 36 times.
tonych (OP)
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May 28, 2017, 06:22:20 PM
 #8583

Now it got easier to translate Byteball wallet into your language.
Join Crowdin and translate small text fragments in user friendly interface at https://crowdin.com/project/byteball (Crowdin is free for open source projects like Byteball).


Simplicity is beauty
davidoski
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May 28, 2017, 08:45:55 PM
 #8584

Polish translation updated. Cheers!

Chancellor on brink of second bailout for banks
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May 28, 2017, 09:02:42 PM
 #8585

French translation done.

█████████████ ⚡ BITCOIN 2 ⚡ ███████c█████████████████
█████████████ ⚡ Join the discussion thread ⚡ █████████████
👀 Private  ⚡ Fast  ¢ Low fees 🔴 Scalable 💡 Economical  ❂ Decentralized
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May 28, 2017, 09:12:55 PM
 #8586

Also, 1 BTC yields 0.062 GB per month. That's not 6.2% interest because 1 BTC is far more than 1 GB.

Yes, this is correct. I wanted to depict this in the case both currencies would have parity. At the current value, it is much better to own Byteball for the distribution.

Here is what I mean. Let's assume one Bitcoin values $2000 and lets say 1 GByte values $250.

If you just link your Bitcoin you get 62.5 MByte or $12.40 in fiat value.
If you buy 8 GByte for the Bitcoin instead you get 800 MByte what values $200.

edit: The calculation refers to the normal distribution, not the special distribution in June.
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May 28, 2017, 10:07:01 PM
 #8587

Now it got easier to translate Byteball wallet into your language.
Join Crowdin and translate small text fragments in user friendly interface at https://crowdin.com/project/byteball (Crowdin is free for open source projects like Byteball).


Is there any bounty for translation or is it voluntarily done by members?
BTCspace
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May 29, 2017, 01:08:28 AM
 #8588

i like byteball, super cool technology.

running farm worldwide
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May 29, 2017, 01:12:33 AM
Last edit: May 29, 2017, 02:49:51 AM by adu1t
 #8589

I made a withdrawal from bittrex and have been waiting for almost 2 hours.  Huh
Is this normal? Because before it took 1-2 min literally
naska21
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May 29, 2017, 06:36:49 AM
 #8590

I made a withdrawal from bittrex and have been waiting for almost 2 hours.  Huh
Is this normal? Because before it took 1-2 min literally

what is the status of that withdrawal on bittrex?
nelson4lov
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May 29, 2017, 06:43:20 AM
 #8591

I'm just curious about the Blackbytes. Seems like they've no value at the moment. I've checked exchanges over & over again yet I couldn't find any one where blackbytes are tradable. So I just want to know If there's any plan to add them on exchanges?

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bobo012
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May 29, 2017, 06:55:18 AM
 #8592

I'm just curious about the Blackbytes. Seems like they've no value at the moment. I've checked exchanges over & over again yet I couldn't find any one where blackbytes are tradable. So I just want to know If there's any plan to add them on exchanges?

Theres small market for them on official slack and also on ydx.slack.com.
I guess they will be more valuable soon
ttookk
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May 29, 2017, 07:19:28 AM
 #8593

I'm just curious about the Blackbytes. Seems like they've no value at the moment. I've checked exchanges over & over again yet I couldn't find any one where blackbytes are tradable. So I just want to know If there's any plan to add them on exchanges?

Theres small market for them on official slack and also on ydx.slack.com.
I guess they will be more valuable soon

With blackbytes having no publically tradeable exchange, their worth is undetermined, which makes them not really feasible as a payment vehicle.

A possible solution to mitigate this would be to have some kind of built-in bytes / blackbytes gateway, with a fixed exchange rate. Users wouldn't have to use it, but this would peg the worth of a blackbyte to a byte, giving at least some hint at a possible price.
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May 29, 2017, 07:45:38 AM
 #8594

35   Byteball Byteball   $61,942,768   $327.25   189,284 GBYTE *   $136,613   +14.31%   


byteball will be top10 in 1 year.

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May 29, 2017, 10:08:09 AM
 #8595

I made a withdrawal from bittrex and have been waiting for almost 2 hours.  Huh
Is this normal? Because before it took 1-2 min literally

Mine stuck since yesterday. so i feel your pain.
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May 29, 2017, 12:47:40 PM
 #8596

35   Byteball Byteball   $61,942,768   $327.25   189,284 GBYTE *   $136,613   +14.31%   


byteball will be top10 in 1 year.

yeah, if people actually will start using it for buying/selling goods and if it gets listed on some more exchanges,
it could get even top 3. blackbytes will be up too if dnm's adopt it, I even recall someone saying its cryptocurrency 3.0
because of DAG and how consensus works
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May 29, 2017, 12:58:00 PM
 #8597

35   Byteball Byteball   $61,942,768   $327.25   189,284 GBYTE *   $136,613   +14.31%   


byteball will be top10 in 1 year.

yeah, if people actually will start using it for buying/selling goods and if it gets listed on some more exchanges,
it could get even top 3. blackbytes will be up too if dnm's adopt it, I even recall someone saying its cryptocurrency 3.0
because of DAG and how consensus works


Byteball is actually the true cryptocurrency 2.0. Ethereum and other similar shitcoins only flirt with the idea of being 2.0 while in reality they are all the same old same old block chain based token systems. No innovation. Turing completeness does not make a coin magically a level higher than Bitcoin and certainly there is nothing innovative about Turing completeness. The guy died in 1954 anyway. So far Turing completeness has made more people suffer than it has done any good in the smart contracts space. It's ridiculous.

★★★ CryptoGraffiti.info ★★★ Hidden Messages Found from the Block Chain (Thread)
s1lverbox
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May 29, 2017, 01:28:04 PM
 #8598

Bittrex again have wallet issue
onetwo12
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May 29, 2017, 01:37:58 PM
 #8599

35   Byteball Byteball   $61,942,768   $327.25   189,284 GBYTE *   $136,613   +14.31%   


byteball will be top10 in 1 year.

yeah, if people actually will start using it for buying/selling goods and if it gets listed on some more exchanges,
it could get even top 3. blackbytes will be up too if dnm's adopt it, I even recall someone saying its cryptocurrency 3.0
because of DAG and how consensus works


Byteball is actually the true cryptocurrency 2.0. Ethereum and other similar shitcoins only flirt with the idea of being 2.0 while in reality they are all the same old same old block chain based token systems. No innovation. Turing completeness does not make a coin magically a level higher than Bitcoin and certainly there is nothing innovative about Turing completeness. The guy died in 1954 anyway. So far Turing completeness has made more people suffer than it has done any good in the smart contracts space. It's ridiculous.

i have to say you have a good point!

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
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onetwo12
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May 29, 2017, 01:38:32 PM
 #8600

35   Byteball Byteball   $61,942,768   $327.25   189,284 GBYTE *   $136,613   +14.31%   


byteball will be top10 in 1 year.

yeah, if people actually will start using it for buying/selling goods and if it gets listed on some more exchanges,
it could get even top 3. blackbytes will be up too if dnm's adopt it, I even recall someone saying its cryptocurrency 3.0
because of DAG and how consensus works


Byteball is actually the true cryptocurrency 2.0. Ethereum and other similar shitcoins only flirt with the idea of being 2.0 while in reality they are all the same old same old block chain based token systems. No innovation. Turing completeness does not make a coin magically a level higher than Bitcoin and certainly there is nothing innovative about Turing completeness. The guy died in 1954 anyway. So far Turing completeness has made more people suffer than it has done any good in the smart contracts space. It's ridiculous.

i have to say you have a good point!

why i have the feeling one day byteball will replace that Ethereum?

lol


Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM
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