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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1165139 times)
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June 05, 2017, 01:38:34 PM
 #8981


Why the sync is so slow? only 3% for 1 hours?


Good question. Is it because too many users rely on light nodes? So the few full nodes out there are not capable to send the updates to light nodes fast enough?

Synchronization time definitely is one of the most annoying issue about Byteball. Does it help if more users operate a full node?

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June 05, 2017, 03:04:31 PM
 #8982


Added to the Bot Store!

Simplicity is beauty
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June 05, 2017, 03:17:29 PM
 #8983


Why the sync is so slow? only 3% for 1 hours?


Good question. Is it because too many users rely on light nodes? So the few full nodes out there are not capable to send the updates to light nodes fast enough?

Synchronization time definitely is one of the most annoying issue about Byteball. Does it help if more users operate a full node?

it is because the sync involves only the hubs and relay nodes ( do not mix with the full nodes) . To resolve the issue both should be run on the fast machines having high broadband connection speed. In addition sync will speed up if the hubs are  evenly  shared  among  BB clients.



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June 05, 2017, 03:33:50 PM
 #8984

Hello,

I had two questions:

- I have downloaded the android wallet, do i need to do anything further to be part of the distribution?
- I have some BTC which i want to use to collect byteball. How do i do that?

Cheers!

  M E   D I   A
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June 05, 2017, 03:48:45 PM
 #8985

Really, https://www.facebook.com/permalink.php?id=118934018581695&story_fbid=119443318530765

I, for one, vote for these claims to be investigated, and if true, banned from linking.


how the hell did such an obvious scam get so much money?

yes, they should be kicked.

Look at address history: https://blockchain.info/address/1LdRcdxfbSnmCYYNdeYpUnztiYzVfBEQeC
It received 53,880 BTC in 2014 then only some dust. It looks more like a joke from someone who has nothing to do with this address than a scam.

Maybe I am missing something. But it looks to me as a cold wallet of some BIG holder. The signature is valid so why kick him?

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June 05, 2017, 03:54:08 PM
 #8986

Hello,

I had two questions:

- I have downloaded the android wallet, do i need to do anything further to be part of the distribution?
- I have some BTC which i want to use to collect byteball. How do i do that?

Cheers!

U need to read OP (1st post on the 1st page on this tread), at least the  "Participation in Byteball distribution" section



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veil|     PRIVACY     
     WITHOUT COMPROMISE.       
▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂
|   NO ICO. NO PREMINE. 
   X16RT GPU Mining. Fair distribution.   
|      The first Zerocoin-based Cryptocurrency       
   WITH ALWAYS-ON PRIVACY.   
|



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June 05, 2017, 04:09:19 PM
 #8987

quick question: Will i recieve free bytes for GBYTES stored in my mobile wallet on June 9th if i havent linked a btc address??

is anyone concerned that the top address linked for redemption is probably an exchange?? will that dump the price after the distribution??

which address is it ?
does anyone know which exchange ?
If it is referring to the address on the top of the richlist, those are coins that will be distributed.

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June 05, 2017, 07:01:38 PM
 #8988

Hi all,

In the wallet, were is the private key, what is it name (not see anywere the word "private key" ?
Not found any private key in parameters -> advanced parameters -> wallet informations.

What is the procédure to backup all the informations of the wallet to be able to restore it from scratch ?

Thanks

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June 05, 2017, 07:07:36 PM
 #8989

Hi all,

In the wallet, were is the private key, what is it name (not see anywere the word "private key" ?
Not found any private key in parameters -> advanced parameters -> wallet informations.

What is the procédure to backup all the informations of the wallet to be able to restore it from scratch ?

Thanks



The private key is the seed.

Backup from the wallet backup tool in "settings" then "full backup".

Byteball payment gateway for web merchants https://byteball-for-merchants.com/ - BEEB  (Blackbytes Exchange Bot): https://www.beeb-bot.com/ (closed)
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June 05, 2017, 08:27:23 PM
 #8990

Really, https://www.facebook.com/permalink.php?id=118934018581695&story_fbid=119443318530765

I, for one, vote for these claims to be investigated, and if true, banned from linking.


how the hell did such an obvious scam get so much money?

yes, they should be kicked.

Look at address history: https://blockchain.info/address/1LdRcdxfbSnmCYYNdeYpUnztiYzVfBEQeC
It received 53,880 BTC in 2014 then only some dust. It looks more like a joke from someone who has nothing to do with this address than a scam.

Maybe I am missing something. But it looks to me as a cold wallet of some BIG holder. The signature is valid so why kick him?

I can't think of any legit reason to kick him either but my dreams of untold riches from byteball just went up in smoke! Cheesy 

Maybe the joke is on us?  Price already dropping.  Kudos to him!

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June 05, 2017, 08:41:16 PM
 #8991

Maybe the joke is on us?  Price already dropping.  Kudos to him!
Well, it did go up a lot in the past week(s). But I noticed the same, it started dropping at about the same time this address joined.
At the price he joined at, he's looking at $3 million in Byteball on Friday. It's a flaw in the way the airdrop works, but I can't think of any way to prevent the huge windfall to rich Bitcoin holders either.

Imagine this scenario:
If one person (let's call him whale) gets enough bytes to sell through all buy support at bittrex, it can potentially decimate the price. That would be an opportunity for others to buy cheaper bytes, but we all know the whale will get the same amount next month. If the price goes up, he'll dump again, making it a very bad investment, so there's a strong motivation against buying.

This is of course pure speculation, and a whale didn't become a whale by dumping his Bitcoins. He could very well HOLD his bytes too. The problem is: we can't know what he's going to do. All we know is one guy gets a much larger share than even the creator. Tony gets a very moderate 1% of all bytes. In my opinion, the modesty of the developer is more or less wasted if whales get a larger share.

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June 05, 2017, 09:16:25 PM
 #8992

Maybe the joke is on us?  Price already dropping.  Kudos to him!
Well, it did go up a lot in the past week(s). But I noticed the same, it started dropping at about the same time this address joined.
At the price he joined at, he's looking at $3 million in Byteball on Friday. It's a flaw in the way the airdrop works, but I can't think of any way to prevent the huge windfall to rich Bitcoin holders either.

Imagine this scenario:
If one person (let's call him whale) gets enough bytes to sell through all buy support at bittrex, it can potentially decimate the price. That would be an opportunity for others to buy cheaper bytes, but we all know the whale will get the same amount next month. If the price goes up, he'll dump again, making it a very bad investment, so there's a strong motivation against buying.

This is of course pure speculation, and a whale didn't become a whale by dumping his Bitcoins. He could very well HOLD his bytes too. The problem is: we can't know what he's going to do. All we know is one guy gets a much larger share than even the creator. Tony gets a very moderate 1% of all bytes. In my opinion, the modesty of the developer is more or less wasted if whales get a larger share.
If its not bitcoins made from scam, if it is indeed just his bitcoins sprinkled by spiteful/jelly people with dust, play on, game is same for everyone. Cheap bytes for all. Thank you whale!
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June 05, 2017, 10:14:40 PM
 #8993

Gonna try this as well.

Perhaps it is a good idea to show the location of the backup file in the App when finalising a backup of the Android Wallet?

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June 05, 2017, 11:28:12 PM
 #8994

Isn't 50,000 BTC only equivalent to 3000 byteball?
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June 05, 2017, 11:59:27 PM
Last edit: June 06, 2017, 12:09:56 AM by bitserve
 #8995

Really, https://www.facebook.com/permalink.php?id=118934018581695&story_fbid=119443318530765

I, for one, vote for these claims to be investigated, and if true, banned from linking.


how the hell did such an obvious scam get so much money?

yes, they should be kicked.

Look at address history: https://blockchain.info/address/1LdRcdxfbSnmCYYNdeYpUnztiYzVfBEQeC
It received 53,880 BTC in 2014 then only some dust. It looks more like a joke from someone who has nothing to do with this address than a scam.

Maybe I am missing something. But it looks to me as a cold wallet of some BIG holder. The signature is valid so why kick him?

I can't think of any legit reason to kick him either but my dreams of untold riches from byteball just went up in smoke! Cheesy  

Maybe the joke is on us?  Price already dropping.  Kudos to him!

As I have mentioned before most whales are not kamikaze dumpers... If they were, they wouldn't be whales for long. Also, you must take into consideration that Byteball market has not yet enough depth to do a proper cash out when it comes with HUGE amounts. Also, a rich holder probably doesn't need to cash out right now.... and it would take forever considering withdrawal limits on most exchanges.

The most probable outcome is that they just hold the byteballs, maybe even play a little with the market to see what his new asset can do and then just add it to his long term cryptocurrency assets. And if some day the market evolves well enough, maybe then sell his stash OTC to a new whale.

Of course, he could do whatever he wants with his byteballs. That's how property works. But the ages of dumb whales with more Bitcoins than common sense are (almost) a thing of the past. Those got left behind.

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June 06, 2017, 12:03:36 AM
 #8996

Isn't 50,000 BTC only equivalent to 3000 byteball?
A bit more then that but not much more.

-Dave
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June 06, 2017, 12:06:07 AM
 #8997

Isn't 50,000 BTC only equivalent to 3000 byteball?

Yep... 3000 for next round... 3600 for next... 4300 next... etc... It's some serious money and a pretty good reason not to do something dumb like directly dumping the market.


19VBmRQVqrtNTGiwngZutwREagcKxJgVZM
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June 06, 2017, 12:27:29 AM
 #8998

Isn't 50,000 BTC only equivalent to 3000 byteball?

Yep... 3000 for next round... 3600 for next... 4300 next... etc... It's some serious money and a pretty good reason not to do something dumb like directly dumping the market.




Been said before. Not that easy to just dumb this. Slow bleeding is needed or otc trade. otherwise he will move market badly.
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June 06, 2017, 12:55:49 AM
 #8999

I can't think of any legit reason to kick him either but my dreams of untold riches from byteball just went up in smoke! Cheesy 

It looks to me like the scam on facebook posted a bunch of unrelated large addresses to try to make themselves look bigger than they were whereas in fact they were a tiny failure of a scam.

The scam operated in October 2016, whereas the whale address has had its 53k BTC for many years, long before the scam happened.

I don't see why one whale claiming a trillion byteballs would affect the market any differently than a thousand uses claiming a billion byteballs each. It all depends on whether he/they hold or dump their coins.

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June 06, 2017, 03:51:17 AM
 #9000

Hi all,

In the wallet, were is the private key, what is it name (not see anywere the word "private key" ?
Not found any private key in parameters -> advanced parameters -> wallet informations.

What is the procédure to backup all the informations of the wallet to be able to restore it from scratch ?

Thanks



The private key is the seed.

Backup from the wallet backup tool in "settings" then "full backup".

I have a small Expenses Wallet. What is the procedure to restore this in another computer or wallet?

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