Obyte: Totally new consensus algorithm + private untraceable payments

[D3legacy]

I really believe in the byteball, with this community and tech we can reach to 5 digits in a year.

that would be really awesome!

[1715077094]

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[1715077094]

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[ByteFan]

https://www.reddit.com/r/CryptoCurrency/comments/6yufil/warning_dash_users_on_government_watchlist/

Interesting post on reddit about  how dash instasend may not be as anyonymous as once thought and people are touting monero's ring signatures as the best privacy coin based on cryptonote.  Can tonych or one of the other byteball devs elaborate on how anonymous/secure blackbytes are compared to monero?  Assuming I send  over tor with blackbytes being peer to peer is it comparable to monero? I think privacy  is a very important thing in the crypto world moving forward especially  with how US government overreaches.  I think if blackbytes are truly anonymous then they are massively undervalued  at the current price levels or its just  that no one knows about them in the darknet community.

if blackbytes are truly anonymous i agree with you that they are currently undervalued... and then that would be because it ain't yet popular

[reminder]

Announcing BEEB - Blackbytes Escrow Exchange Bot.

Instant-buy and sell batches of Blackbytes 24h/24h, 7 days a week.
(you don't need to find a peer anymore: the bot is the peer!)

Trading blackbytes on BEEB is anonymous.

In your wallet Bot store - click on "Blackbytes Exchange BEEB (Trustful)"

Or direct pair with BEEB at: AxV6ohKFORqIGfGqCZgjK1HlL8vBiNltcWWaI0Rc9yN+@byteball.fr/bb#0000
In your wallet top left menu "PAIRED DEVICE" then "+ Add a new device" then paste the above cryptic address in "Accept invitation" and validate.


OR scan the BEEB QR code


Support: https://byteball.slack.com/ #beeb channel

[fisheater]

I really believe in the byteball, with this community and tech we can reach to 5 digits in a year.

I like this coin too, seems many good features. But the recent price behavior is bad, looks like those who held a lot started dumping.

[cryptocratic]

So sick of this price talking.

DO YOU REALIZE MARKET CAP IS STILL THE SAME AND PRICE DROPS DUE RELEASING NEW SUPPLY???

[CryptoRobert]

So sick of this price talking.

DO YOU REALIZE MARKET CAP IS STILL THE SAME AND PRICE DROPS DUE RELEASING NEW SUPPLY???

True. And the bytes are streaming from the people who don't care about the coin to those who do, when this process will be complete the road well be mostly upwards.

[byteball3r]

This is the period of high and widely distributed supply. It may last a few months (or years if bitcoin goes back to $1000), but once it is done consolidating, it will be possible for the price to appreciate substantially within a new hype wave. All that is needed is time, marketing, and awareness.

[naska21]

This is the period of high and widely distributed supply. It may last a few months (or years if bitcoin goes back to $1000), but once it is done consolidating, it will be possible for the price to appreciate substantially within a new hype wave. All that is needed is time, marketing, and awareness.

Good point, bro. Byteball has a long way to go to reach both  its glory and real market appreciation. Keep crossing fingers for luck.

[mikhael]

What are the Blackbytes needed for? Is it a own Coin or is it something like GAS in Ethereum or in NEO/Antshares

Blackbytes are a cash-like tokens like bytes build-in byteball platform. You can use them as a form of payment which is private and untraceable. The transactions are far more safe, secure and cannot easily identified the source or destination. 

[riskthebiscuit]

What are the Blackbytes needed for? Is it a own Coin or is it something like GAS in Ethereum or in NEO/Antshares

Blackbytes are a cash-like tokens like bytes build-in byteball platform. You can use them as a form of payment which is private and untraceable. The transactions are far more safe, secure and cannot easily identified the source or destination. 

Okay that sounds really cool. So how come they are not traded on exchanges then; how does one assess the value of these bytes then? And I know there is a blackbyte bot now

but does that mean it is a set rate built in ? Or do you have to wait for a buyer to come accept your price? I barely understood bytes, now you guys dropping blackbytes on me

[Freefactomizer]

Okay that sounds really cool. So how come they are not traded on exchanges then; how does one assess the value of these bytes then? And I know there is a blackbyte bot now

but does that mean it is a set rate built in ? Or do you have to wait for a buyer to come accept your price? I barely understood bytes, now you guys dropping blackbytes on me

There are 2 blackbytes exchanges in the bot store.

[DonYo]

Would be great that Blackbytes Bots could report it's price and volume to coimarketcap like sites or blockfolio like apps

[Freefactomizer]

Would be great that Blackbytes Bots could report it's price and volume to coimarketcap like sites or blockfolio like apps

One bot already reports on a website: http://freebe.byte-ball.com/
It should be easy to add a small API to be used by external apps.

[Blazin8888]

The main purpose of this currency is the solution accumulated in cryptosphere problems: anonymity if it's necessary, opportunity to be confirmed by third parties. All of it looks really attractive.

[Karartma1]

Price will go up again: so many copycat coins have a bigger market cap compared to byteball.
In the end only the best projects will prevail (and survive). Byteball is one of them IMHO

[LoyceV]

Price will go up again: so many copycat coins have a bigger market cap compared to byteball.
In the end only the best projects will prevail (and survive). Byteball is one of them IMHO

There's a lot of air/hype in those copycat coins (or even just tokens). Hype can appear and disappear in an instant, real world usage grows slower but stays longer.

[jeezy]

One question:  I took part in the last 3 Airdrops. My addresses are linked fine and the bot says I'm to expect getting X GB and X GBB. The GB amount is fine but my GBB amount is still 0. I've now waited months for them to appear and also tried to create a couple of addresses to fix it (40-50 total) but nothing seems to help. What am I missing?

[bek77]

I really believe in the byteball, with this community and tech we can reach to 5 digits in a year.

that would be really awesome!

i hope

[tonych]

Distribution of bytes is finished.
Total distributed: 57,444.473272169 GB.  It's about $19m at the current rate.
New available supply: 583,896.4940036 GB.  Coinmarketcap is already updated.

I'll update when blackbytes are distributed, it is going to take about 3 days.

Distribution of blackbytes is now finished.

The 10th round will be on the Full Moon of November (November 4, 2017 at 05:23 UTC), and the rules stay the same:
BTC to bytes: 1 BTC of proven balance gives you 6.25 MB (0.00625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 6.25 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

Putting this another way, to receive 1 GB from the distribution, you need to already hold 160 BTC or 10 GB.  These same holdings also give you 2.1111 GBB (giga-blackbyte).

By that time, we'll have more apps in the Bot Store, more cashback partners, and hopefully a few teams will start their token sales on Byteball platform.

[BurtW]

THANKS!

Now the whining about not getting their GBB [because they did not link a Bitcoin address to their ByteBall address] can officially start.

[Michail1]

THANKS!

Now the whining about not getting their GBB [because they did not link a Bitcoin address to their ByteBall address] can officially start.

Oh, it started already.  In slack, I've already talked to a few people.

My favorite part is when they ask me if I can help them fix it so they get 'their' share.
I typically go into a conversation that the first step is to get a time machine and go back three days to do it.

One question:  I took part in the last 3 Airdrops. My addresses are linked fine and the bot says I'm to expect getting X GB and X GBB. The GB amount is fine but my GBB amount is still 0. I've now waited months for them to appear and also tried to create a couple of addresses to fix it (40-50 total) but nothing seems to help. What am I missing?

Not sure why you thought creating addresses would solve anything.
The blackbyte distribution just finished 30 mins ago - Do you see them now?

Are you saying that you go blackbytes from the other rounds, but not this round?
PM me your address(es) and I can look to see if you did it right.

What are the Blackbytes needed for? Is it a own Coin or is it something like GAS in Ethereum or in NEO/Antshares

Blackbytes are a cash-like tokens like bytes build-in byteball platform. You can use them as a form of payment which is private and untraceable. The transactions are far more safe, secure and cannot easily identified the source or destination. 

Okay that sounds really cool. So how come they are not traded on exchanges then; how does one assess the value of these bytes then? And I know there is a blackbyte bot now

but does that mean it is a set rate built in ? Or do you have to wait for a buyer to come accept your price? I barely understood bytes, now you guys dropping blackbytes on me

Do you think taking a private payment system to a public exchange keeps it private?    Maybe it doesn't.   Just thinking out loud.
I see many people even asking about making a chain explorer for blackbytes.  Ummm, duh.