Obyte: Totally new consensus algorithm + private untraceable payments

[LoyceV]

The fact that it should be made clearer on the countdown page remains. And believe me I made my cut. Even without getting in on the Airdrop. Selling at 32 and getting back in at 23. Pretty good deal. Until next time!

The information is the same for everybody. I think it's totally fine not to give exact details just to make speculation easier.
I've seen GBYTE up to 0.355 BTC yesterday, the profit from speculation can be bigger than the 20% airdrop. But that's speculation, and can go both ways.
Speculation and holding seems nicely balanced, and in the end both profit.

Tony, you don't talk much here, but again: thanks

[Gatekeeper]

very impressed with the price stability

[LivingDeath]

Hi, I´m new to this. My wallet tells me:    "no byteball prefix"   when I open it.
What to do in this case?

[bones261]

I agree but in their defense, it was posted in these forums multiple times prior. Considering you're reading the thread, you should have seen it as well. I'm also brand new to Byteball, but I actually follow what's said, so that's how I knew about it.

Who has time to sift through over 500 pages of BCT posts? The information is not clear in this wiki either. https://byteroll.com/airdrop These resources should be updated to be more clear that it is the 1st block after the full moon, not right on the full moon.

So, instead of reading, people post the same questions over and over again to bloat the thread.

They [byteball] can't say the first block, cause what if there is an issue and it's 2 blocks.  Then all the dumpers would complain again.
So, instead, it clearly says.....
"In the 7th round, which is scheduled for the full moon of July (July 9, 2017 at 04:07 UTC)"

It is SCHEDULED.   Bitcoin did not solve a block at that instant.  It was solved 13 mins later at:  04:20:40.
I am 'scheduled' to be at work daily at 8AM, but I never get there at exactly 8AM.

If the site said that it was AT the full moon, then there is reason to complain, but so would all the people that transferred bitcoin seconds prior with 'unconfirmed' balances and hope to get paid on different addresses at the same time.

Ranlo - Only just found out about Byteball.  I figured you would know about all the various coins.  

All they need to do is add a few words that make it clear that the snapshot is of the next block solved after the full moon. It's not redundant information and gets rid of any ambiguity. Also, if I want to read 500 pages, I'll read a good novel, not a BCT thread. Furthermore, people coming into this thread and posting questions, even if they are redundant, should be welcomed. It demonstrates that there is new interest in the coin. I think it bodes well when people are friendly and answer the questions rather than tell them "google it" or "read 500 pages of this thread to find your answer."
How would you feel if you called customer service and the rep on the other end told you to "google it" or "read the 500 page instruction manual" and then hung up?

[CoinCidental]

So I moved a lot of my coins 10 mins after snapshot and I did not receive any Airdrop from the moved coins.  I wasnt aware I had to let them in the wallet until the script/bot arrives at my linked positions and Airdrops me couple hours later. Really angry now and this is definitely NOT the definition of a "Snapshot". Be careful on future airdrops guys.

No, you moved your coins 10 mins after the full moon, but prior to the snapshot.

The snapshot was 'scheduled' for the full moon of 4:07 UTC, but the bitcoin block was solved at 4:20:40.  (The prior block was 3:57)
If you don't understand how bitcoin works, then a block is 'estimated' every 10 mins.  It is not exact timing, and therefor you can only estimate or schedule for it.

Many GByte dumpers tried to play the system to dump their gbytes before anyone else and simply got stung losing the 20% bonus; however, they sold at a higher rate.  Those that waited for the bonus and then sold ended up with a lower rate.  Basically ended up with about the same amount.   Those that got stung are those complaining that they didn't work the system in their favor and greed makes them angry and post accordingly.  It's the same thing that happens at every distribution.

Oh, and those same dumpers are upset when the price goes up in the following weeks that they should have held instead as the price jumps over what they sold at.
So, right now is the time to buy instead of sell.   You should sell just prior to the distribution and buy back just after.  You would make far more than the 20% bonus you were hoping to profit from and you avoid the race, greed, and anger.

The fact that it should be made clearer on the countdown page remains. And believe me I made my cut. Even without getting in on the Airdrop. Selling at 32 and getting back in at 23. Pretty good deal. Until next time!

Another profitable  strategy would be to just hodl and let the power of compound interest do the work for you
you will earn additional 26.25% a month Compounded
20% from the Gbytes + 6.25% from btc linked
(this doesnt even take into account the blackbytes which have a future value that has yet to be determined )

[Zer0Sum]

Oh, and those same dumpers are upset when the price goes up in the following weeks that they should have held instead as the price jumps over what they sold at.
So, right now is the time to buy instead of sell.   You should sell just prior to the distribution and buy back just after.  You would make far more than the 20% bonus you were hoping to profit from and you avoid the race, greed, and anger.

Ya man, history always repeats itself... until it doesn't.

Portfolio management 101 pretty much forces you to keep selling a winner like GBYTE...
Any sophisticated portfolio might have 30-40 alts and a max concentration cap of 5-10% for any single alt...
So you are always selling off part of your winners... and building new, interesting positions. 

[CryptKeeper]

Hi is the issue of the Windows 64 Bit version crashing on Celeron processors resolved in the latest version? Or do we still need to use the 32 Bit version?

Thanks,

It's never crashed since I downloaded it and I'm using the 64 Bit version on a Celeron processor.

Well, the latest Win 64 Version version still crashes on my NUC PC with a Celeron processor. Back to using the 32 Bit version. It would be nice if this problem would be addressed sometime...

Intel releases cpu microcode updates, either for linux or with bios firmware:
https://downloadcenter.intel.com/download/26798/Linux-Processor-Microcode-Data-File?product=47511

[c789]

I've been trying to set up a Witness by following https://gitlab.com/snippets/1548253#L64 but I'm stuck.

1. I'm not clear on these instructions (from the link above):

The difference between a hub and relay is the exports.bServeAsHub = true or false, both a hub and relay
need a port, and a hub only needs a myUrl - which is advertised when talking with other peers on the network so they can discover you.

So if I want a Witness, is this configuration correct?

conf.js

Code:

exports.port = 6611;
exports.myUrl = 'wss://myIPaddressHere/bb';
exports.bServeAsHub = true;
exports.bSaveJointJson = true;
exports.bLight = false;

2. If a Witness gets 1/12 of transaction fees, where do I enter my Byteball address which collects the fees?

3. Do any other files besides the root conf.js need to be edited if I want to run a Witness (not counting the nginx files)?

[lijoe408]

If I want to transfer my full wallet from my PC to my Mac.  What's the best way to do this? Is the only option to create a new wallet on my Mac and transfer the GBs? I'm guessing backup and restore won't work.

[bustedsynx]

does the airdrop happen every month?
do i have to relink btc address to get further airdrops?
should i hold or sell coins?
thanks

Yes
no
dump
You're welcome

Don't ever sell your byteball until the next two years. It may soon beat bitcoin.

[Lauda]

I think with a current price drop it's a great opportunity for lots of ppl to buy byteball.

Indeed.

Surprising to see you on this thread.  You usually don't talk favourably about altcoins.

I can't talk favourably about things that are outright scams, which constitutes 99% of the altcoins. Byteball passed my personal and harsh test.

Personally, I sold during the hype phase a week or so ago when it was >0.35BTC/GBYTE, then bought back in after the distribution.  Much more than 20% gain in bytes, and I managed to link my BTC into the distribution so I got bytes from that too.  I'm rolling in it rn.

That's one way of exploiting the dumpers/panic.

does the airdrop happen every month?

Every full moon.

do i have to relink btc address to get further airdrops?

No.

should i hold or sell coins?

Selling would be a mistake.

[Michail1]

The fact that it should be made clearer on the countdown page remains. And believe me I made my cut. Even without getting in on the Airdrop. Selling at 32 and getting back in at 23. Pretty good deal. Until next time!

So, you would want to see the word 'Scheduled' in bold cause you didn't see it in a normal font color?

You can't make everyone happy all the time.  Keep making changes to be able to explain everything to everyone and you end up with a 50k page manual and a group of people to read and understand it.  Seems like Obamacare then and still no one is happy with it.

All previous documentation/discussion I can find for these airdrops suggests what you say applies to the bitcoin snapshot, but that the byteball snapshot is instantaneous

Ummmm, linking Bitcoin to Byteball for a distribution is..... Yes, a Bitcoin snapshot to verify Bitcoin balances to be paid Byteball based on Bitcoin.
The snapshot is NOT paying Byteball based on Byteball balance.  It is paying Byteball based on a Bitcoin balance and giving a Byteball bonus.

[Dread]

how many rounds will be- 9 or more?

[devrobot]

how many rounds will be- 9 or more?

Depends on how many BTC get linked in the next rounds.
Someone calculated at least 4 more.

[Xavofat]

looks like 6000+ GBytes have been dumped since snapshot was taken

It was an absolutely ideal buying opportunity.  I'm already up about 0.05 BTC since the distribution (not to mention the BTC that I linked, which adds more than another 0.05 as well).

[bitserve]

As always, thanks for the free Byteball!

Something strange has happened to me this time:

8 hours before the snapshot I sent an additional 1.1BTC to one of my previously linked BTC addresses.
Some time later (1 or two hours maybe) the transaction got confirmed and checking in transition bot the additional balance was acknowldged.

Yet when I have received my GB it is as if that 1.1BTC wasn't added.

So... how many confirmation are needed for a balance to be considered in the airdrop?

Why do transition bot doesn't apply the same restriction when showing linked balances?

[bones261]

I've been trying to set up a Witness by following https://gitlab.com/snippets/1548253#L64 but I'm stuck.

1. I'm not clear on these instructions (from the link above):

The difference between a hub and relay is the exports.bServeAsHub = true or false, both a hub and relay
need a port, and a hub only needs a myUrl - which is advertised when talking with other peers on the network so they can discover you.

So if I want a Witness, is this configuration correct?

conf.js

Code:

exports.port = 6611;
exports.myUrl = 'wss://myIPaddressHere/bb';
exports.bServeAsHub = true;
exports.bSaveJointJson = true;
exports.bLight = false;

2. If a Witness gets 1/12 of transaction fees, where do I enter my Byteball address which collects the fees?

3. Do any other files besides the root conf.js need to be edited if I want to run a Witness (not counting the nginx files)?

My guess is to change one of the addresses in the conf.js file to your address. I believe it is advised to change the address that starts with JED because there can only be one "mutation" per block. So if everyone only changes this one address to theirs, it will not get rejected.

Code:

exports.initial_witnesses = [
	'BVVJ2K7ENPZZ3VYZFWQWK7ISPCATFIW3',
	'DJMMI5JYA5BWQYSXDPRZJVLW3UGL3GJS',
	'FOPUBEUPBC6YLIQDLKL6EW775BMV7YOH',
	'GFK3RDAPQLLNCMQEVGGD2KCPZTLSG3HN',
	'H5EZTQE7ABFH27AUDTQFMZIALANK6RBG',
	'I2ADHGP4HL6J37NQAD73J7E5SKFIXJOT',
	'JEDZYC2HMGDBIDQKG3XSTXUSHMCBK725',  //Change this address to yours
	'JPQKPRI5FMTQRJF4ZZMYZYDQVRD55OTC',
	'OYW2XTDKSNKGSEZ27LMGNOPJSYIXHBHC',
	'S7N5FE42F6ONPNDQLCF64E2MGFYKQR2I',
	'TKT4UESIKTTRALRRLWS4SENSTJX6ODCW',
	'UENJPVZ7HVHM6QGVGT6MWOJGGRTUTJXQ'
];

I hope that I am being helpful since I haven't tried any of this myself. What deterred me from embarking on the project is for the following reason:
You only share 1/12 of the transaction fees of the transactions that would go through your hub. You have to convince people to go through your hub, rather than the default. With the way this witness thing is setup, it's going to be quite the chore to get this decentralized. You can only have one mutation from the witness list per block. You would have to coordinate with all the other people running hubs to make this happen. Good luck.

[bones261]

So, you would want to see the word 'Scheduled' in bold cause you didn't see it in a normal font color?

You can't make everyone happy all the time.  Keep making changes to be able to explain everything to everyone and you end up with a 50k page manual and a group of people to read and understand it.  Seems like Obamacare then and still no one is happy with it.

By your own admission, the word "scheduled" is too vague. Clarifying that the snapshot will be taken of the next block solved after the full moon takes one sentence, not 50K pages.  

[bobboooiie]

Can I ask you guys what are the darkbytes for and if they are tradeable ?

[Xavofat]

Can I ask you guys what are the darkbytes for

They are for anonymous transactions.  You can only send blackbytes to a linked wallet.

and if they are tradeable ?

You can't trade them on major exchanges like Bittrex, but you can trade them on the Byteball slack under trading_blackbyte.

You should read this article on how to do it, so that you're safe doing these peer-to-peer trades using Byteball's conditional payments.

I should warn you though, blackbytes aren't worth much at all currently.  You might be better holding them long-term until they're worth something significant relative to bytes.