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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216720 times)
Coiner_
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July 29, 2017, 02:13:50 PM
Last edit: July 29, 2017, 06:16:19 PM by Coiner_
 #11621

If you buy GBYTES in exchanges and thinkinof getting your share in the airdrop and then hold you might eventually lose some value. But if you hold BTC and just getting your share from airdrop and sell those immediately, then you profit.

Not quite, at least not if you hold until just before the next airdrop.

Say you have 1 BTC linked and I have 1 BTC worth of GB (at current prices $2699.41/BTC and $390.28/GB) i.e. 2699.41 / 390.28 = 6.9165 GB during the coming August airdrop. After the airdrop, you'll have 0.062 GB and I'll have 6.9165 GB * 0.2 = 1.2393 GB, added to your initial balance that is 1.2393 GB + 6.9165 GB = 8.1558 GB. If we wait till just days/hours before the September airdrop when the price of GB is > $900/GB, you'll now have 0.062 GB * 900 =  $55.8 in GB and I'll have 8.1558 GB * 900 = $7,340.22 in GB.

* Any mistake in the math?  Grin

Edit: Took a hint from kaicrypzen's color coding (with edits).  Tongue
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jubalix
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July 29, 2017, 02:34:05 PM
 #11622

whats the chance this airdrop is a scam to collect signed info, for some sort of hack....i know ecsda still protects your BTC, but still.....

you lose the SHA256, and RIPEMD160 protections for that address, now only having  ECDSA.

There must always be a risk for any action.....

sure you could move your coins just before and after the snap shot, but  I would expect they are ready for that.

Also who really wants to crack open cold storage? Then have to move that all around....

i know its a lonnnnnnng bow as they have to crack ECDSA ..... but yeah pump dump, and wait near end as likely more people have joined in.

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July 29, 2017, 04:45:53 PM
 #11623

I am just bagholding, I bought and getting airdrops. I like it. Is it best just to hold for long term and wait for all airdrops to finish then we should see the price go up correct? No need trying to buy and sell what do you think?


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dragonchopper9
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July 29, 2017, 07:24:25 PM
 #11624

I expect growth after August 1 to 20-30% per day. I think we will restore the pre-crisis price for 3-4 days. Easy x2 per week.

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tonych
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July 29, 2017, 07:40:06 PM
Merited by LoyceV (1)
 #11625

Now we have flight delay insurance bot.  It's already added to the Bot Store.



Users can buy insurance in easy to use chat interface.  They don't need to find a peer, the bot is the peer that is available 24/7.  The insurance is a smart contract, hence you don't need to trust the bot.  It is almost the same contract that you can do peer-to-peer but it is composed automatically, users need only to check the contract before paying.  The bot also reminds users when to unlock the contract.

The quotes are based on real stats provided by flightstats.com, so they vary by delay, airline, and flight.  The bot adds 5% profit margin above the probability of delay derived from the stats.

The source code is at https://github.com/byteball/flight-delays-insurance, you can use it as template for your own bots.

Simplicity is beauty
anujjain
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July 29, 2017, 07:59:38 PM
 #11626

Now we have flight delay insurance bot.  It's already added to the Bot Store.



Users can buy insurance in easy to use chat interface.  They don't need to find a peer, the bot is the peer that is available 24/7.  The insurance is a smart contract, hence you don't need to trust the bot.  It is almost the same contract that you can do peer-to-peer but it is composed automatically, users need only to check the contract before paying.  The bot also reminds users when to unlock the contract.

The quotes are based on real stats provided by flightstats.com, so they vary by delay, airline, and flight.  The bot adds 5% profit margin above the probability of delay derived from the stats.

The source code is at https://github.com/byteball/flight-delays-insurance, you can use it as template for your own bots.


It will available to all country or there is only some country involve now. And how bot will track flight actually got late or it was on time.
Scooby903
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July 29, 2017, 08:00:10 PM
 #11627

When can we expect next drop?
anujjain
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July 29, 2017, 08:02:09 PM
 #11628

When can we expect next drop?

It is on 7th August. Airdrop always on full moon night.
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July 29, 2017, 08:11:06 PM
 #11629

These drops have been golden.
HODLing long, for sure.
davidoski
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July 29, 2017, 08:24:41 PM
 #11630

Now we have flight delay insurance bot.  It's already added to the Bot Store.

[...]

Who funds the bot? I mean the bot can be profitable or loosing money depending on the probability and randomness of flight delays. I wonder who will eat the loss or profit?

Chancellor on brink of second bailout for banks
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July 29, 2017, 08:28:47 PM
 #11631

Now we have flight delay insurance bot.  It's already added to the Bot Store.

[...]

Who funds the bot? I mean the bot can be profitable or loosing money depending on the probability and randomness of flight delays. I wonder who will eat the loss or profit?

Anyone who wants to take the risk
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July 29, 2017, 09:23:45 PM
 #11632

Now we have flight delay insurance bot.  It's already added to the Bot Store.

[...]

Who funds the bot? I mean the bot can be profitable or loosing money depending on the probability and randomness of flight delays. I wonder who will eat the loss or profit?

Anyone who wants to take the risk

I don't think so. I think the bot owner is going to take profit or loss.

.
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July 29, 2017, 09:32:34 PM
 #11633

Now we have flight delay insurance bot.  It's already added to the Bot Store.

[...]

Who funds the bot? I mean the bot can be profitable or loosing money depending on the probability and randomness of flight delays. I wonder who will eat the loss or profit?

Anyone who wants to take the risk

I don't think so. I think the bot owner is going to take profit or loss.


Imagine if someone insured flights from Qatar Airways a month ago.
The bot or the bot owner could have gone broke?!  Lips sealed

jamesfox
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July 29, 2017, 09:38:37 PM
 #11634

I was linked up and received my byteball distribution in July.  Do I need to re-link everything up for the August drop or was that set up I did in July a 1 time thing? 

My bytball, bitcoin and signature is looking correct on the site below.
transition.byteball.org

Any thing else I need to do or was that a set it and forget it job I did in July?  Im hoping as long as my bitcoins are chilling where I left them prior to the July I should be good to go.  Can someone please confirm. 

Thanks and sorry for noob questions.
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July 29, 2017, 09:42:56 PM
 #11635

I was linked up and received my byteball distribution in July.  Do I need to re-link everything up for the August drop or was that set up I did in July a 1 time thing? 

My bytball, bitcoin and signature is looking correct on the site below.
transition.byteball.org

Any thing else I need to do or was that a set it and forget it job I did in July?  Im hoping as long as my bitcoins are chilling where I left them prior to the July I should be good to go.  Can someone please confirm. 

Thanks and sorry for noob questions.

it all depends on the type of bitcoin wallet you linked to it.

is it an hd wallet like blockchain.info or mycelium?

if you spent any coins in the intervening days they'll be on a new address that'll need to be relinked or return the coins to the old address.

i think the byteball bot reports bitcoin balances to you.
MrBitter
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July 29, 2017, 10:02:41 PM
 #11636

I really like the coin and being on bittrex and some other exchanges is really cool but will it be listed on poloneix, i mean bittrex is good but i think trading on polo is really another level
blocks.explorer
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July 29, 2017, 10:10:38 PM
 #11637

I was linked up and received my byteball distribution in July.  Do I need to re-link everything up for the August drop or was that set up I did in July a 1 time thing? 

My bytball, bitcoin and signature is looking correct on the site below.
transition.byteball.org

Any thing else I need to do or was that a set it and forget it job I did in July?  Im hoping as long as my bitcoins are chilling where I left them prior to the July I should be good to go.  Can someone please confirm. 

Thanks and sorry for noob questions.

it all depends on the type of bitcoin wallet you linked to it.

is it an hd wallet like blockchain.info or mycelium?

if you spent any coins in the intervening days they'll be on a new address that'll need to be relinked or return the coins to the old address.

i think the byteball bot reports bitcoin balances to you.

I don't think you can use blockchain.info wallet. You need to use a bitcoin wallet which you can sign wallet or send a small transaction from. Try electrum.
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July 29, 2017, 10:20:07 PM
 #11638

Why do we need this new bot? What is its zest? Can I make money on this? If so, how much?

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ByteFan
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July 30, 2017, 05:59:45 AM
 #11639

[reminder]

Beware of change addresses in your BTC wallet AND in your byteball wallet for the next distribution round!

Byteball distribution companion helps you.

          Is you address properly linked?
          Is your linked BTC balance what you expected?
          Are all your bytes on your byteball linked address?
          How much will you receive?




+Bookmark. Once distribution has started you can follow in near real time when bytes arrive in your wallet. Enjoy!

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)
LoyceV
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July 30, 2017, 06:53:47 AM
 #11640

Now we have flight delay insurance bot.  It's already added to the Bot Store.
That means you can also use it for flights you're not even taking!
In any other insurance business, that would be considered insurance fraud. Here it's okay I guess, and would be a nice way to experiment with it, turning it into a flight delay gambling bot.
Would it also be possible to use blackbytes for flight delay insurance?

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