Obyte: Totally new consensus algorithm + private untraceable payments

[European Central Bank]

https://wiki.byteball.org/airdrop

Are the new distribution proportions after this airdrop official?

I can't find any mentions of the figures elsewhere.

[Freefactomizer]

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....

Without Byteball, there are already plenty funded BTC addresses which signed at least 1 transaction. If someone would be able to crack them, he wouldn't need Byteball distribution for that.

[zxbball]

both iota and byteball have lost 60% ore worse of their price since 1 month ago, if any altcoins will increase in price after bitcoin drama, its these two. this aint investment advice, as Im not investor and any time I personally invest I loose

[AlehandroTheGreat]

WHY IS TILL DID NOT RECEIVE ANY BLACKBYTES?? I received byteballs in 7 round, but still not any blackbytes

ANYBODY?

[Coiner_]

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....

Really? In the 8th round, ~7 months later is when they wanna start scamming, after several people have made a lot, lot of money from them by pumping and dumping their coins?

both iota and byteball have lost 60% ore worse of their price since 1 month ago, if any altcoins will increase in price after bitcoin drama, its these two. this aint investment advice, as Im not investor and any time I personally invest I loose

Why do you keep copying peoples posts verbatim off of slack? First it was mine and now it's portabella's. Is this your own version of spamming to earn for your signature campaign? Looks like the DeepOnion campaign manager needs a notification.  

[European Central Bank]

both iota and byteball have lost 60% ore worse of their price since 1 month ago, if any altcoins will increase in price after bitcoin drama, its these two. this aint investment advice, as Im not investor and any time I personally invest I loose

Ever figured it's because there are now more of them for sale?

[kaicrypzen]

whats the chance this airdrop is a scam to collect signed info, for some sort of hack

Zero. Why do you think there's a risk involved when you provide signed info to someone?

https://wiki.byteball.org/airdrop

Are the new distribution proportions after this airdrop official?

I can't find any mentions of the figures elsewhere.

If you are talking about the projections for potential rounds after August, these are projections . They are based on the ratios of this round, these ratios can of course change, however if they stay the same then the projections become valid. If you are talking about something else, please point it out.

WHY IS TILL DID NOT RECEIVE ANY BLACKBYTES?? I received byteballs in 7 round, but still not any blackbytes

ANYBODY?

First, make sure that you did everything right, that your address(es) were/are indeed linked and funded before the snapshots. You can use transition.byteball.org, explorer.byteball.org and any Bitcoin blockchain explorer to check that. You can also post your address(es) here so someone else could take a second look. If all is/seems okay, then you'll have to contact Tony so that he resends the blackbytes.

Second, please avoid using caps and bigger font size than usual .

[European Central Bank]

If you are talking about the projections for potential rounds after August, these are projections . They are based on the ratios of this round, these ratios can of course change, however if they stay the same then the projections become valid. If you are talking about something else, please point it out.

It's on that site. After this round according to that the distribution proprtions change.

[coinmenace]

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.

[kaicrypzen]

If you are talking about the projections for potential rounds after August, these are projections . They are based on the ratios of this round, these ratios can of course change, however if they stay the same then the projections become valid. If you are talking about something else, please point it out.

It's on that site. After this round according to that the distribution proprtions change.

As far as my eyes see and my math goes, I only see projections based on current ratios, mind that these ratios are also applied to what you get during each of the projected rounds. Can you please copy/paste (an example of) the info that says (makes you think) the distribution proportions will change?

[ByteFan]

WHY IS TILL DID NOT RECEIVE ANY BLACKBYTES?? I received byteballs in 7 round, but still not any blackbytes

ANYBODY?

Contact Tonych (on slack)

[European Central Bank]

If you are talking about the projections for potential rounds after August, these are projections . They are based on the ratios of this round, these ratios can of course change, however if they stay the same then the projections become valid. If you are talking about something else, please point it out.

It's on that site. After this round according to that the distribution proprtions change.

As far as my eyes see and my math goes, I only see projections based on current ratios, mind that these ratios are also applied to what you get during each of the projected rounds. Can you please copy/paste (an example of) the info that says (makes you think) the distribution proportions will change?

, it's written clearly on the byteball wiki. I'm on a cellphone so it ain't gonna be pretty. Maybe I'm just being stupid and it's compounding for you. That could be it.


 Further months?
If you did it right and got the free bytes/blackbytes, it will continue to work for the following months without you needing to do anything, as long as you don't move the bitcoins or the bytes in the linked (proven by Transition Bot) addresses.
 Projection using above figures (but exact number of months unknown)
 For every 1 BTC, BTC to bytes and bytes to bytes, 20% increase per month
For GB   Aug   Sep   Oct   Nov   Dec
Aug   0.0625   0.075   0.09   0.108   0.1296
Sep      0.0625   0.075   0.09   0.108
Oct         0.0625   0.075   0.09
Nov            0.0625   0.075
Dec               0.0625
Totals   0.0625   0.1375   0.2275   0.3355   0.4651
 For every 1 BTC, BTC to blackbytes and bytes to blackbytes, 40% increase per month
For GBB   Aug   Sep   Oct   Nov   Dec
Aug   0.1319   0.1846   0.2585   0.3619   0.5067
Sep      0.1319   0.1846   0.2585   0.3619
Oct         0.1319   0.1846   0.2585
Nov            0.1319   0.1846
Dec               0.1319
Totals   0.1319   0.3165   0.575   0.9369   1.4436
 Excluding BTC, and starting with 1 GB
1 GB   Aug   Sep   Oct   Nov   Dec
GB   1.2   1.44   1.728   2.0736   2.4883
GBB   1.42222   2.0226   2.8766

[kaicrypzen]

If you are talking about the projections for potential rounds after August, these are projections . They are based on the ratios of this round, these ratios can of course change, however if they stay the same then the projections become valid. If you are talking about something else, please point it out.

It's on that site. After this round according to that the distribution proprtions change.

As far as my eyes see and my math goes, I only see projections based on current ratios, mind that these ratios are also applied to what you get during each of the projected rounds. Can you please copy/paste (an example of) the info that says (makes you think) the distribution proportions will change?

... and it's compounding for you. That could be it.

Yep that's it .

For instance, let's take September's projections, It says you'll have a total of 0.1375 GB for each BTC.

If you link 1 BTC now, you'll get 0.0625 GB after August's distribution. So you'll have 1 BTC + 0.0625 GB, if you hold for September's round, and provided the rules don't change, you'll get 0.0625 (for 1 BTC) + 0.0125 (for the 0.0625 you already have). After September's round, your GB balance will be 0.0625 + 0.0125 + 0.0625 = 0.1375. The same goes for the rest of the projected rounds.

[Coiner_]

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?  

Edit: Took a hint from kaicrypzen's color coding (with edits).  

[jubalix]

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.

[qiwoman2]

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?

[dragonchopper9]

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.

[tonych]

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.

[anujjain]

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]

When can we expect next drop?