Obyte: Totally new consensus algorithm + private untraceable payments

[o0o0]

Uncaught exception: Error: user version 12 > 11: looks like you are using a new database with an old client     
what should I do?

just a hint but update your client?

http://byteball.org

get 1.9.3

when the client says new version available download it run it and install over the top

for tony - maybe time to add an auto client update...

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[Wendigo]

New to Byteball, love the tech behind everything. This question has probably been asked, but what are the future thoughts on price?

eventually 16 btc : 1 Gbyte

Huh really? That ratio would be absolutely incredible  

P.S. Do you mind telling me what makes you think Byteball will be so valuable in the future? Thanks!

[solesituation]

Has anywhere been posted the risks and weaknesses of DAG? Sorry, I haven't searched enough.

[wuzzap8989]

Has anywhere been posted the risks and weaknesses of DAG? Sorry, I haven't searched enough.

Same Problem. Just found the Information that the Byteball developer want to get 12 people which are watching the dag for Problems. Atm he does it alone. For me it says its unsecure :x

other question: no miners, but still transaction fees... where the fees going? and why IOTA dont need em?

[amacar1]

Fees are going to witnesses.

[ByteFan]

Has anywhere been posted the risks and weaknesses of DAG? Sorry, I haven't searched enough.

Same Problem. Just found the Information that the Byteball developer want to get 12 people which are watching the dag for Problems. Atm he does it alone. For me it says its unsecure :x

other question: no miners, but still transaction fees... where the fees going? and why IOTA dont need em?

Not alone. You can subscribe to https://byteball-cashback-witness.com/

Fees go to witnesses and parents unit. I am more suspectfull about a network with no fee...

[LoyceV]

I just found out Bittrex closed Bitcoin deposits and withdrawals:

The wallet will remain closed until the majority hash power chain is clearly established. Trading will remain active during this time.

Since Bittrex is the main exchange for trading GBYTE, I expect this to influence the price development. Buyers without coins on Bittrex will now have to deposit and sell altcoins before they can buy Byteball on Bittrex.

UPDATE
They enabled it again, they now require 6 confirmations to deposit Bitcoin.

[dr blowfin]

I just found out Bittrex closed Bitcoin deposits and withdrawals:

The wallet will remain closed until the majority hash power chain is clearly established. Trading will remain active during this time.

Since Bittrex is the main exchange for trading GBYTE, I expect this to influence the price development. Buyers without coins on Bittrex will now have to deposit and sell altcoins before they can buy Byteball on Bittrex.

That's interesting. Was also thinking that there might be less Byteball getting linked this time with people not wanting to move coins before things are resolved.
I have about 5% of my BTC on exchange which I was going to move back for security and the airdrop but not sure I want to do this now.

[pwpwpw]

I just found out Bittrex closed Bitcoin deposits and withdrawals:

The wallet will remain closed until the majority hash power chain is clearly established. Trading will remain active during this time.

Since Bittrex is the main exchange for trading GBYTE, I expect this to influence the price development. Buyers without coins on Bittrex will now have to deposit and sell altcoins before they can buy Byteball on Bittrex.

That's interesting. Was also thinking that there might be less Byteball getting linked this time with people not wanting to move coins before things are resolved.
I have about 5% of my BTC on exchange which I was going to move back for security and the airdrop but not sure I want to do this now.

Well you can't move your BTC anymore, don't know why they disabled the wallet this early, it's a week till the split. Luckily I don't have much on bittrex.

[michaelai3]

Delete this.

[gtzanap]

Extremely shady tactic. They should have announce this to everyone before halting withdrawals instead of making it all of a sudden and "Kiss my ass" - say goodbye to you bitcoin for a week. Nobody can now withdraw and capitalize on having BTC and BCC. I bet they won't grant users BCC for BTC they keep. Fortunately I don't trade and use Bittrex but feel sorry for everybody who does.

People can just buy high volume altcoins, move them to a different exchange, and sell them for btc to withdraw.
Sure, they may lose 1-2% in the process (or not, if they make good trades) but if bcc is important to them, it's probably worth it

[davidoski]

Extremely shady tactic. They should have announce this to everyone before halting withdrawals instead of making it all of a sudden and "Kiss my ass" - say goodbye to you bitcoin for a week. Nobody can now withdraw and capitalize on having BTC and BCC. I bet they won't grant users BCC for BTC they keep. Fortunately I don't trade and use Bittrex but feel sorry for everybody who does.

People can just buy high volume altcoins, move them to a different exchange, and sell them for btc to withdraw.
Sure, they may lose 1-2% in the process (or not, if they make good trades) but if bcc is important to them, it's probably worth it

I didn't read the announcement carefully. They seem to announced it before halting so it's not shady actually, although the announcement does not have date of publishing.

[$dakini]

I have installed Byteball Wallet on many devices.Is it best to make every device with isolated wallet and address to increase my balance in next round?

[davidoski]

I have installed Byteball Wallet on many devices.Is it best to make every device with isolated wallet and address to increase my balance in next round?

It doesn't matter. You just need to link every address containing btc and byteball. The ratio is the same regardless of how many addresses you link. What matters is how many btc and bytes are on each linked address.

[My9bot]

wallet download linkis broken
https://github-production-release-asset-2e65be.s3.amazonaws.com/67414376/3406f2ec-6cf4-11e7-8eb1-9678cc5bfbdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIAIWNJYAX4CSVEH53A%2F20170723%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20170723T201152Z&X-Amz-Expires=300&X-Amz-Signature=5fc95e7ebc090f2796d75c59fdd3eb767c5f209544a98a6ea74ba6e0783766f6&X-Amz-SignedHeaders=host&actor_id=10702131&response-content-disposition=attachment%3B%20filename%20Byteball-win64.exe&response-content-type=application%2Foctet-stream#42900232159686348

[$dakini]

I have installed Byteball Wallet on many devices.Is it best to make every device with isolated wallet and address to increase my balance in next round?

It doesn't matter. You just need to link every address containing btc and byteball. The ratio is the same regardless of how many addresses you link. What matters is how many btc and bytes are on each linked address.

Do I have to link the bytes in order to get the compound interest. I bought from bittrex and is transferred to my local wallet.Do I need to do any linking before the next distribution?

[davidoski]

I have installed Byteball Wallet on many devices.Is it best to make every device with isolated wallet and address to increase my balance in next round?

It doesn't matter. You just need to link every address containing btc and byteball. The ratio is the same regardless of how many addresses you link. What matters is how many btc and bytes are on each linked address.

Do I have to link the bytes in order to get the compound interest. I bought from bittrex and is transferred to my local wallet.Do I need to do any linking before the next distribution?

Yes, you need to link via Transition bot. Go to Chat and Bot Store, add Transition Bot and say hello to the bot. It will lead you further. You just provide byteball address and bitcoin address that you want to link. After that it will tell you how many GB you will get during the next distribution round.

[$dakini]

I have installed Byteball Wallet on many devices.Is it best to make every device with isolated wallet and address to increase my balance in next round?

It doesn't matter. You just need to link every address containing btc and byteball. The ratio is the same regardless of how many addresses you link. What matters is how many btc and bytes are on each linked address.

Do I have to link the bytes in order to get the compound interest. I bought from bittrex and is transferred to my local wallet.Do I need to do any linking before the next distribution?

Yes, you need to link via Transition bot. Go to Chat and Bot Store, add Transition Bot and say hello to the bot. It will lead you further. You just provide byteball address and bitcoin address that you want to link. After that it will tell you how many GB you will get during the next distribution round.

Thank you for the help. Will do as you said.

[davidoski]

After linking don't send any transactions, even to yourself, because it will move the remaining bytes to a new change address that won't be linked. Additionally if you are making a backup you need to do a new backup after every outgoing transaction. The reason is the same (bytes are moved to a change address that is not backed up). To sum up: after every outgoing transaction you need to make a new backup and a new linking.

Furthermore a new backup is necessary after receiving every blackbytes transaction because blackbytes are stored on a local device only. If you don't make a backup after receiving blackbytes you won't be able to recover them if you loose access to the device.

[European Central Bank]

is there such a thing as a paper wallet or offline equivalent? i dunno if i trust my machine or the backups.