CoinCidental
Legendary
 Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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July 07, 2017, 05:55:44 AM |
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My only concern with Byteball is what happens after the last distribution round? I think the frequent high airdrops are the main incentive to hold this coin and have encouraged a lot of Whales to hold in the interim. It seems a massive selloff after the last round is unavoidable and I wonder where the project/price will go from there.
thats what i thought at the start but after using byteball and seeing how good it is (better than bitcoin ,ethereum and monero combined) im not worried about that at all its only a matter of time before its listed at exchanges larger than bittrex and the price will reach bitcoin parity and keep going ive been buying coins since 2011 and byteball is the most impressive and easy solution to use ive seen yet also the unit of accounting will be changed from gbyte to mbyte and this will make it appear cheaper to the masses only an idiot would sell his free gbytes imo and thankfully there are plenty of those so i can buy MOAR ! |
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"You Asked For Change, We Gave You Coins" -- casascius
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LoyceV
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Activity: 3290
Merit: 16496
Thick-Skinned Gang Leader and Golden Feather 2021
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July 07, 2017, 06:13:17 AM |
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My only concern with Byteball is what happens after the last distribution round? I think the frequent high airdrops are the main incentive to hold this coin and have encouraged a lot of Whales to hold in the interim. It seems a massive selloff after the last round is unavoidable and I wonder where the project/price will go from there.
I used to think this too, until I read the exact opposite: after the airdrops stop, the only way to get Bytes is to buy them. There are arguments for going either way. As far as I know no other coin has an airdrop schedule like Byteball has. That makes me very curious how it is going to develop. I have high hopes, so far Tony is holding 1% ($9 million now), and considering the good job he did so far, I believe he thought this through too. |
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Freefactomizer
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July 07, 2017, 06:13:51 AM |
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how do you do cold storage for byteball?
i suppose i could just run the byteball software on an air-gapped offline machine to generate keys?
For good security have at a look at multi-device wallet, it's a nicely feature of Byteball. You can choose a combinaison of signatures required for an address you created, for example 2 of 3 signatures from your desktop computer, tablet and smartphone. This way an attacker would have to hack several of your devices to steal your money, that makes things a lot harder. I am very interested in joining the snapshots before they end. I wanted to also ask, is it a good idea to purchase some form Bittrex also and place in the wallet? Will I receive more Byteballs if I hold some in my wallet also or I must just have Bitcoin? Also do I need to have the wallet open to receive the coins or it does not matter? Thank you in advance for your answers.
You will receive 0,2 bytes per byte you own during airdrop. You don't necessary need to keep the wallet open to receive the coins. |
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rigel
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Activity: 1240
Merit: 1001
Thank God I'm an atheist
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July 07, 2017, 06:45:07 AM |
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I've noticed that many more BTCs have been linked for this round and that the adoption rate is therefore happily growing. Let's hope that the newcomers learn from the past price action and don't dump their free Bytes. Anyone who did dump in the past has good reasons to regret now.
Your community members are doing a good job spreading the word.  I think I'll HODL for a bit. Although I am sure the 59 MB that I'll be getting really wouldn't effect the market much. Maybe I'll buy some GB two weeks after the airdrop. If you want to buy best time is just after the airdrop, when all lamers dump and price goes down |
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Michail1
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Activity: 1498
Merit: 1164
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July 07, 2017, 06:59:43 AM |
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very good idea and very interesting project , but i don't have any BTC in wallet .so i think i can't get the byteball
You can buy byteball just like you can buy BTC. |
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Come-from-Beyond
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Activity: 2142
Merit: 1009
Newbie
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July 07, 2017, 07:16:41 AM |
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I decided to relaunch my headless node hoping it will continue syncing and now I'm watching this for several hours already:  How long can this last? This time I was syncing from scratch periodically stopping and relaunching the software. All was good until I got the same problem again:  Is there a way to solve it? PS: As an alternative I might try to use a remote node with enabled RPC, is there such the node? |
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SweetHodler
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Activity: 178
Merit: 10
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July 07, 2017, 07:59:17 AM |
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Does anyone know how many more of these sweet airdrops of byteball are going to happen?
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negerkolle
Newbie
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Activity: 59
Merit: 0
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July 07, 2017, 08:01:50 AM |
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Hi everyone!
Great and friendly thread you have here. Have been reading a lot of it, but have one question. It seems the Bitcoin snapshot will be taken in the block after the full moon 4:07UTC, but what about the Byteball snapshot? I have acquired a few and as I understand there are no blocks being generated like in Bitcoin so is that snapshot taken exactly at 4:07? If anyone know please let me know.
Thanks so much!
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Michail1
Legendary
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Activity: 1498
Merit: 1164
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July 07, 2017, 08:02:17 AM |
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Does anyone know how many more of these sweet airdrops of byteball are going to happen?
No. It was expected about 4 more; however, with the number of bitcoin linked for the distribution growing so fast, it might be cut down unless the rate and bonus change. |
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Michail1
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Activity: 1498
Merit: 1164
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July 07, 2017, 08:04:12 AM |
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Hi everyone!
Great and friendly thread you have here. Have been reading a lot of it, but have one question. It seems the Bitcoin snapshot will be taken in the block after the full moon 4:07UTC, but what about the Byteball snapshot? I have acquired a few and as I understand there are no blocks being generated like in Bitcoin so is that snapshot taken exactly at 4:07? If anyone know please let me know.
Thanks so much!
The bitcoin snapshot IS for the byteball distribution. The snapshot is the first block after 4:07 UTC. Then given some time (in case of a reorg), then bytes will be sent out based on the snapshot. |
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kaicrypzen
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July 07, 2017, 08:20:24 AM |
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... but have one question. ... but what about the Byteball snapshot? I have acquired a few and as I understand there are no blocks being generated like in Bitcoin so is that snapshot taken exactly at 4:07? If anyone know please let me know.
Your understanding is right, so yes the snapshot of the Byteball DAG will be taken at exactly 04:07 UTC on the 9 th of July. |
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CoinCidental
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Activity: 1316
Merit: 1000
Si vis pacem, para bellum
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July 07, 2017, 08:54:08 AM |
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Does anyone know how many more of these sweet airdrops of byteball are going to happen?
probably at least 4+ but it depends on the rate of adoption |
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evok3d
Sr. Member
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Activity: 534
Merit: 250
The Protocol for the Audience Economy
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July 07, 2017, 09:14:36 AM |
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Hello! I wanted to know if you have to relink your btc address for each round? Or if I have done it already in the last airdrop I can just use that one again?
Sorry if this has been asked.
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Nixzor
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July 07, 2017, 09:17:05 AM |
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Hello! I wanted to know if you have to relink your btc address for each round? Or if I have done it already in the last airdrop I can just use that one again?
Sorry if this has been asked.
Just once. |
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s1lverbox
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Activity: 2310
Merit: 1039
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July 07, 2017, 09:17:19 AM |
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UPDATE :
635157.46534311 btc linked which will bring approx. : 39,697 gb
and we have 255,492gb in circulation which will bring : 51,098 gb more after airdrop
So
255,492+51,098+39,697= 346,278 Gb in total in circulation after give away.
Yes that's 1/3 of all gbytes.
Yes i think in this rate we will have at least 4 more airdrops.
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LuckyBtc
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Activity: 1288
Merit: 1011
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July 07, 2017, 09:30:25 AM |
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Hello! I wanted to know if you have to relink your btc address for each round? Or if I have done it already in the last airdrop I can just use that one again?
Sorry if this has been asked.
No, Once is enough! But make sure your linked BTC address has balance. Wish I'd linked my BTC address from start of the airdrop.  |
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cryptocratic
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Activity: 81
Merit: 10
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July 07, 2017, 10:00:02 AM |
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Guys, what about exchanges? They might link a lot of users' bitcoins which is not very fair condition.
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kola-schaar
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July 07, 2017, 10:46:36 AM |
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Guys, what about exchanges? They might link a lot of users' bitcoins which is not very fair condition.
Such addresses are filtered out so far as is possible: 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.
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