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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1231364 times)
bobo012
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May 29, 2017, 06:55:18 AM
 #8601

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
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ttookk
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May 29, 2017, 07:19:28 AM
 #8602

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.
onetwo12
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May 29, 2017, 07:45:38 AM
 #8603

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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s1lverbox
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May 29, 2017, 10:08:09 AM
 #8604

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
 #8605

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
 #8606

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.

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s1lverbox
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May 29, 2017, 01:28:04 PM
 #8607

Bittrex again have wallet issue
onetwo12
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May 29, 2017, 01:37:58 PM
 #8608

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!

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onetwo12
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May 29, 2017, 01:38:32 PM
 #8609

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


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22naru
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May 29, 2017, 01:41:57 PM
 #8610

Bittrex again have wallet issue

can we know why and if DEVs are informed about this issues?
onetwo12
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May 29, 2017, 01:54:32 PM
 #8611

Turing completeness does not make a coin magically a level higher than Bitcoin and certainly there is nothing innovative about Turing completeness.


that's really a f88k good point, i want byteball replace Ethereum one day.

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ofergul
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May 29, 2017, 02:59:29 PM
 #8612

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



competition isnt even started, byteball could have a bright future but community must start give people more reason to hold the byteball besides the distributions, like an edgeless dice site for blackbytes.
tonych (OP)
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May 29, 2017, 03:47:45 PM
 #8613

Inspired by my conversation with Aleš Janda (who is very knowledgeable in blockchain analysis and runs walletexplorer.com and chainalysis.com), there is a new rule for microtransaction-proven bitcoin addresses:

- if the address had more than 50 transactions in the last 3 days, it is rejected.  Linking by signature is still possible.

Such frequent transactions are common for exchanges and other shared wallets, and the rule prevents its customers from linking the shared address by doing a withdrawal.

This adds to the other two rules that serve the same purpose:
- if the microtransaction has more than 2 outputs, it is rejected (with the exception of Electrum 2fa transactions that have 3 outputs), because exchanges often aggregate several withdrawals into a single transaction
- if the same address was already linked before by another user, the new link is rejected and the old link is canceled.  This applies only to tx-proven addresses, and the reason for this rule is that for sufficiently popular exchanges, there will likely be more than one user who tries to cheat.

The two old rules were good enough at filtering large well known exchanges but a small number of addresses of smaller exchanges were still linked.  The new rule is to filter them too.

Simplicity is beauty
mcfom
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May 29, 2017, 03:51:16 PM
 #8614

Turing completeness does not make a coin magically a level higher than Bitcoin and certainly there is nothing innovative about Turing completeness.


that's really a f88k good point, i want byteball replace Ethereum one day.

To be honest this coin has competition with Ethereum at this point because it has totally different code than any other coin. So no need to be worry about this I have very strong in it very soon it will find its own way to the moon.
goldenchip
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May 29, 2017, 04:28:07 PM
 #8615

Solid work Tony, I'll keep following this one.

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RainbowTree
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May 29, 2017, 04:28:38 PM
 #8616

Inspired by my conversation with Aleš Janda (who is very knowledgeable in blockchain analysis and runs walletexplorer.com and chainalysis.com), there is a new rule for microtransaction-proven bitcoin addresses:

- if the address had more than 50 transactions in the last 3 days, it is rejected.  Linking by signature is still possible.

Such frequent transactions are common for exchanges and other shared wallets, and the rule prevents its customers from linking the shared address by doing a withdrawal.

This adds to the other two rules that serve the same purpose:
- if the microtransaction has more than 2 outputs, it is rejected (with the exception of Electrum 2fa transactions that have 3 outputs), because exchanges often aggregate several withdrawals into a single transaction
- if the same address was already linked before by another user, the new link is rejected and the old link is canceled.  This applies only to tx-proven addresses, and the reason for this rule is that for sufficiently popular exchanges, there will likely be more than one user who tries to cheat.

The two old rules were good enough at filtering large well known exchanges but a small number of addresses of smaller exchanges were still linked.  The new rule is to filter them too.
great to see that being done, strenghtens the community
reading through the whitepaper I never saw a mention of hubs and relays, maybe overseen, could you elaborate their function?
pumz
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May 29, 2017, 04:32:52 PM
 #8617

I am big fan of Byteball and having all received coins from last distributions in my wallet. This is because I do believe it will turn into something really very big over the next few months. As of replacing bitcoin that will never happen because Bitcoin is symbol of trust and adoption for all digital tokens/coins. We need to focus on our project to make it successful without taking others coins as competitors.
RainbowTree
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May 29, 2017, 04:37:42 PM
 #8618

Turing completeness does not make a coin magically a level higher than Bitcoin and certainly there is nothing innovative about Turing completeness.


that's really a f88k good point, i want byteball replace Ethereum one day.

To be honest this coin has competition with Ethereum at this point because it has totally different code than any other coin. So no need to be worry about this i have very strong in it very soon it will find its own way to the moon.
it seems to have many useful features like multisig, conditional payments, no scaling issues, opt anonymity, tokens, smart contracts hell the client is even tor ready. Chatbots also seem a good point, one could easy create an automated decentralized market i imagine
Limx Dev
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May 29, 2017, 05:22:14 PM
 #8619

Turing completeness does not make a coin magically a level higher than Bitcoin and certainly there is nothing innovative about Turing completeness.


that's really a f88k good point, i want byteball replace Ethereum one day.

To be honest this coin has competition with Ethereum at this point because it has totally different code than any other coin. So no need to be worry about this i have very strong in it very soon it will find its own way to the moon.
it seems to have many useful features like multisig, conditional payments, no scaling issues, opt anonymity, tokens, smart contracts hell the client is even tor ready. Chatbots also seem a good point, one could easy create an automated decentralized market i imagine

Yes, that is the point^^

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scambust
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May 29, 2017, 05:32:29 PM
 #8620

No one forking Byteball yet? Such a great concept.  Grin

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