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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1182424 times)
AncientMystery
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“The Future of Security Tokens”


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July 16, 2017, 10:36:11 PM
 #11221

Version 1.9.2 released https://github.com/byteball/byteball/releases

This is mainly a bugfix release.
* Fixed two issues that caused full clients to crash while syncing in some circumstances (one of them was reported in this thread multiple times)
* Fixed restore from seed that was broken in 1.9.1
* Fixed restore from full backup that stopped working when the database exceeded 4 Gb
* Added warnings about cloning wallets
* Added welcome instructions
* Improved translations



Tonych, thanks for the updates! Is there plans to change distribution rates? Maybe give less GB per BTC or something like that?

The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
bcsuisse
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July 17, 2017, 01:08:09 AM
 #11222

guys . stop selling you chickens. unbelievable. this coin is one of the best projects in my opinion.

dump the other shit and hold this coin!

Bitrated user: kentokyo.
allcryptos
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July 17, 2017, 01:40:30 AM
 #11223

The price is falling like a rock... anything went wrong? On the flip side, this may be a good opportunity to load up. I like the features of this coins and the fairness in distributing coins.

yeah, people are panicking to sell btc for fiat, soon you'll see regret and fomo.

BTW, did bittrex go mad ? 2 MB withdrawal fee when I sent to bittrex for 541byte ? They are charging 3700x more than needed ? WTF ?

Bittrex charges fixed withdrawal fee. They don't care how much you withdraw.
ranlo
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July 17, 2017, 02:22:21 AM
 #11224

The price is falling like a rock... anything went wrong? On the flip side, this may be a good opportunity to load up. I like the features of this coins and the fairness in distributing coins.

yeah, people are panicking to sell btc for fiat, soon you'll see regret and fomo.

BTW, did bittrex go mad ? 2 MB withdrawal fee when I sent to bittrex for 541byte ? They are charging 3700x more than needed ? WTF ?

Bittrex charges fixed withdrawal fee. They don't care how much you withdraw.

This. The tricky part with exchanges is that they get flooded with small inputs. As a result, they have to charge more to account for it. If people would quit using exchange addresses for faucets and other micro-payments, we wouldn't have that problem and it'd be cheaper.
dooglus
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July 17, 2017, 02:30:51 AM
 #11225

I synced as full wallet now but when trying to restore my GBYTE wallet with seed it just says no active addresses found, who can help  on this issue?

I have been able to restore wallets on my full node.

If you want me to try with yours, send me your seed words. I'd recommend encrypting them to my PGP key. And only someone your seed words if you trust them not to steal your coins.

If I'm able to recover your wallet I'll send the balance to a new address for you.

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dooglus
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July 17, 2017, 02:34:16 AM
 #11226

If people would quit using exchange addresses for faucets and other micro-payments, we wouldn't have that problem and it'd be cheaper.

Exchanges should talk to the faucets who are spamming them and find an off-chain solution. That's what I did when I found my dice site being spammed by tiny faucet payments. Instead of having to consolidate thousands of worthless dust payments each day like I used to have to, now I provide an API to the faucet such that they can instantly debit their own account and credit the faucet user's account. It saves the faucet transaction fees when making the payments, it saves me transaction fees when tidying up their mess, and it makes the payments instant. win/win/win.

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jwinterm
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July 17, 2017, 04:47:21 AM
 #11227

Code:
Error: Cannot find module 'byteballcore/constants.js'

I am trying to start headless-byteball on a Ubuntu server 16.04. Installed node and npm from apt-get, cloned headless repo and core into home directory and headless directory, but still getting error shown above. Am I missing something stupid?
ByteFan
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Also seb486


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July 17, 2017, 05:04:28 AM
 #11228

Code:
Error: Cannot find module 'byteballcore/constants.js'

I am trying to start headless-byteball on a Ubuntu server 16.04. Installed node and npm from apt-get, cloned headless repo and core into home directory and headless directory, but still getting error shown above. Am I missing something stupid?

Maybe.
In you application root directory do you have /byteballcore/constants.js ?

Byteball payment gateway for web merchants https://byteball-for-merchants.com/ - BEEB  (Blackbytes Exchange Bot): https://www.beeb-bot.com/ (closed)
Network map, stats, Top Richests and Byteball world map at https://byteball.fr/ (closed) - Hub operator featuring the cashback witness https://byteball-cashback-witness.com (closed)
pwpwpw
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July 17, 2017, 06:29:14 AM
 #11229

If people would quit using exchange addresses for faucets and other micro-payments, we wouldn't have that problem and it'd be cheaper.

Exchanges should talk to the faucets who are spamming them and find an off-chain solution. That's what I did when I found my dice site being spammed by tiny faucet payments. Instead of having to consolidate thousands of worthless dust payments each day like I used to have to, now I provide an API to the faucet such that they can instantly debit their own account and credit the faucet user's account. It saves the faucet transaction fees when making the payments, it saves me transaction fees when tidying up their mess, and it makes the payments instant. win/win/win.

Please explain to me why the exchange "has" to increase its withdrawal fee to 3700x of the normal fee. I would understand a 10x, or even say 100x more fee but 3700x ?? I cannot understand that, can someone break (the technical part) it down ? What is the fee at cryptox.pl ? Cryptopia has Withdrawal Fee: 0.00002000 GBYTE. So it has 100x less than bittrex, 37x of normal fee, this is relatively acceptable. What bittrex does is theft in broad daylight. This has to change for real, sooner or later, just imagine if the price goes up, right now they charge 1~$ for withdrawal, (which is insane compared to 0.0002$ that is needed) so if GB reaches btc parity, you won't be able to withdraw anything below 5$ because it will be consumed as fee. Seriously, this is fucked up. Why nobody ever mentioned this here ?

Michail1
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July 17, 2017, 06:38:04 AM
 #11230

I synced as full wallet now but when trying to restore my GBYTE wallet with seed it just says no active addresses found, who can help  on this issue?

I have been able to restore wallets on my full node.

If you want me to try with yours, send me your seed words. I'd recommend encrypting them to my PGP key. And only someone your seed words if you trust them not to steal your coins.

If I'm able to recover your wallet I'll send the balance to a new address for you.

It means the twelve word seed you entered has no addresses used.  The seed addresses are empty if never used.  byteball prevents you from overwriting your current wallet with an unused wallet (safety).


dooglus
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July 17, 2017, 07:24:10 AM
 #11231

If people would quit using exchange addresses for faucets and other micro-payments, we wouldn't have that problem and it'd be cheaper.

Exchanges should talk to the faucets who are spamming them and find an off-chain solution. That's what I did when I found my dice site being spammed by tiny faucet payments. Instead of having to consolidate thousands of worthless dust payments each day like I used to have to, now I provide an API to the faucet such that they can instantly debit their own account and credit the faucet user's account. It saves the faucet transaction fees when making the payments, it saves me transaction fees when tidying up their mess, and it makes the payments instant. win/win/win.

Please explain to me why the exchange "has" to increase its withdrawal fee to 3700x of the normal fee. I would understand a 10x, or even say 100x more fee but 3700x ?? I cannot understand that, can someone break (the technical part) it down ? What is the fee at cryptox.pl ? Cryptopia has Withdrawal Fee: 0.00002000 GBYTE. So it has 100x less than bittrex, 37x of normal fee, this is relatively acceptable.

They don't have to, they choose to. Byteball fees are far too low. They in no way cover the cost of storing the transaction forever. If bittrex wants to charge a fee for withdrawals, they are free to do so. If you choose not to use their service because you don't like their fees, that's your right.

What bittrex does is theft in broad daylight

That's entirely untrue. What bittrex does is provides a service and charges a fee for that service. They don't hide the fee. If you think they are charging too much, stop using them.

Just-Dice                 ██             
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LoyceV
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July 17, 2017, 08:08:11 AM
 #11232

Please explain to me why the exchange "has" to increase its withdrawal fee to 3700x of the normal fee. I would understand a 10x, or even say 100x more fee but 3700x ?? I cannot understand that, can someone break (the technical part) it down ? What is the fee at cryptox.pl ? Cryptopia has Withdrawal Fee: 0.00002000 GBYTE. So it has 100x less than bittrex, 37x of normal fee, this is relatively acceptable. What bittrex does is theft in broad daylight. This has to change for real, sooner or later, just imagine if the price goes up, right now they charge 1~$ for withdrawal, (which is insane compared to 0.0002$ that is needed) so if GB reaches btc parity, you won't be able to withdraw anything below 5$ because it will be consumed as fee. Seriously, this is fucked up. Why nobody ever mentioned this here ?
I noticed the high fee too. I think it's simply the lack of competition: cryptox.pl is small, so most people choose Bittrex. You have to withdraw to get the 20% airdrop, so you're forced to pay the fee anyway. They do it because they can. Why wouldn't they? Trading volume isn't that big, they don't earn that much from it, and don't forget: if not for Bittrex, Byteball would be worth a lot less.
Compare this to Doge: Bittrex charges 2 Doge fee, which is a lot less than 2 MBYTE, even though Doge itself needs a higher fee than Byteball. But Doge has more competition. Give it time.

pwpwpw
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July 17, 2017, 12:38:42 PM
 #11233

Please explain to me why the exchange "has" to increase its withdrawal fee to 3700x of the normal fee. I would understand a 10x, or even say 100x more fee but 3700x ?? I cannot understand that, can someone break (the technical part) it down ? What is the fee at cryptox.pl ? Cryptopia has Withdrawal Fee: 0.00002000 GBYTE. So it has 100x less than bittrex, 37x of normal fee, this is relatively acceptable. What bittrex does is theft in broad daylight. This has to change for real, sooner or later, just imagine if the price goes up, right now they charge 1~$ for withdrawal, (which is insane compared to 0.0002$ that is needed) so if GB reaches btc parity, you won't be able to withdraw anything below 5$ because it will be consumed as fee. Seriously, this is fucked up. Why nobody ever mentioned this here ?
I noticed the high fee too. I think it's simply the lack of competition: cryptox.pl is small, so most people choose Bittrex. You have to withdraw to get the 20% airdrop, so you're forced to pay the fee anyway. They do it because they can. Why wouldn't they? Trading volume isn't that big, they don't earn that much from it, and don't forget: if not for Bittrex, Byteball would be worth a lot less.
Compare this to Doge: Bittrex charges 2 Doge fee, which is a lot less than 2 MBYTE, even though Doge itself needs a higher fee than Byteball. But Doge has more competition. Give it time.

Well then we need to move from bittrex, I use cryptopia daily for more than a year, never had a problem with them, worst case was a delay of 10 minutes on a withdrawal. We should start using cryptopia, at least those who want to buy and withdraw small amounts, like 100$ or less, it makes no sense to use bittrex and pay 100x more fees than cryptopia has. How is cryptox.pl ? What withdrawal fees do they have ?

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July 17, 2017, 12:48:04 PM
 #11234

I used to trade at cryptox.pl, but now most volume is in bittrex unfortunately, so your buy/sell usually gets better price there. I wish more people trade at cryptox.
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July 17, 2017, 01:22:24 PM
 #11235

guys . stop selling you chickens. unbelievable. this coin is one of the best projects in my opinion.

dump the other shit and hold this coin!

It doesn't matter what you think or what you want.
This is not how it works. Don't fight the market! You will always lose that way.
So sit it out, hold the coins you have if you believe in it's success and try to take advantage of the actual circumstances and maybe buy more if you can or just sell and relax. Anything else will just make you go crazy in your head. Not healthy I can tell!
star citizen
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July 17, 2017, 01:36:14 PM
 #11236

guys . stop selling you chickens. unbelievable. this coin is one of the best projects in my opinion.

dump the other shit and hold this coin!

It doesn't matter what you think or what you want.
This is not how it works. Don't fight the market! You will always lose that way.
So sit it out, hold the coins you have if you believe in it's success and try to take advantage of the actual circumstances and maybe buy more if you can or just sell and relax. Anything else will just make you go crazy in your head. Not healthy I can tell!
Or invest only what you can afford to lose. At least this one will be interesting to see where it goes.

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Efemen
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July 17, 2017, 06:21:25 PM
 #11237

guys . stop selling you chickens. unbelievable. this coin is one of the best projects in my opinion.

dump the other shit and hold this coin!

It doesn't matter what you think or what you want.
This is not how it works. Don't fight the market! You will always lose that way.
So sit it out, hold the coins you have if you believe in it's success and try to take advantage of the actual circumstances and maybe buy more if you can or just sell and relax. Anything else will just make you go crazy in your head. Not healthy I can tell!

Any reason it dropped so much recently?
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July 17, 2017, 06:27:42 PM
 #11238


Any reason it dropped so much recently?

the whole cryptomarket dropped - it's the only reason

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July 17, 2017, 06:38:09 PM
 #11239


Any reason it dropped so much recently?

The main reason is uncertainty with the fate  of bitcoin and  when people can’t see what will going on, they panic, and sell, not only bitcoin, but all altcoins together.

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July 17, 2017, 07:06:15 PM
 #11240

It's foolish to sell btc now when it is the last chance to buy bitcoins that will be able to be imported on whatever split chain emerges after 1st August. After that date it will be possible to buy only one chain bitcoins. It's like selling ethereum before DAO split. Anybody holding or buying before that split ended having ether on two chains instead of one (Ethereum and Ethereum Classic). Unfortunately people don't act rationally but emotionally.

Chancellor on brink of second bailout for banks
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