Obyte: Totally new consensus algorithm + private untraceable payments

[Michail1]

Byteball has a great comunity of users, that's a fact.

For instance, one of this forum members, Michail1, help me recovering more than 77 GBB lost in my wallet. Thanks for this hard work you did and for the info you gave me.

It's a pleasure to meet people ready to help without asking for a reward.

Byteball is not only about technology (that is great), but also about human beens (that's even better).

 

You're welcome.   

Darn, I forgot to ask for a bag of money as payment.  Oh well, next time.   heh.

[Cryptoby]

The work the tony and his GByte team made looks good ...i like it 

[jukKas]

Guys, this looks really respectable along with btc sticker!

via Maiocchi 14
Milano
Italy

Yes, the food is good.

Bytes accepted Very nice, I would love to see those stickers on the showcase windows more in the future.

I'll definitely going to test that restaurant in my next visit in Italy.

[bcmine]

Great news, I think price is at bottom    

From few pages I don't see   any price related talks and people crying about this drop.

So now is time to buy back our cheap train tickets to "tha moon".  

 

The price drop is mainly about supposed IOTA bug, which happens to be similar to Byteball they said. So the big holders were spooked and sold to minimize risk to capital. The price will recover once this issue is laid to rest.

It doesn't affect Byteball. From what I heard, even the hashing function is different.

That's correct; however, the holders don't know the details.  They (not all) only know that IOTA and Byteball are both DAG.  So, understandably can assume both are affected the same way even though they are not.


That said, I don't believe the IOTA bug is the cause since ALL cryptos (yes, bitcoin too) have taken a very big hit over the last couple of weeks.

mainproblem:

byteball is not intuitiv, it needs a perfect easy gui for all the bots.

solution:

byteball need a bigger and faster working team.

time will tell.

[anujjain]

Great news, I think price is at bottom    

From few pages I don't see   any price related talks and people crying about this drop.

So now is time to buy back our cheap train tickets to "tha moon".  

 

The price drop is mainly about supposed IOTA bug, which happens to be similar to Byteball they said. So the big holders were spooked and sold to minimize risk to capital. The price will recover once this issue is laid to rest.

It doesn't affect Byteball. From what I heard, even the hashing function is different.

That's correct; however, the holders don't know the details.  They (not all) only know that IOTA and Byteball are both DAG.  So, understandably can assume both are affected the same way even though they are not.


That said, I don't believe the IOTA bug is the cause since ALL cryptos (yes, bitcoin too) have taken a very big hit over the last couple of weeks.

mainproblem:

byteball is not intuitiv, it needs a perfect easy gui for all the bots.

solution:

byteball need a bigger and faster working team.

time will tell.

Big team means big cost too, tonych did not hold for himself much. So it's not easy till someone come and work as voluntarily.

[rigel]

Is BEEB down?

It doesn't respond to me anymore.

[ByteFan]

Is BEEB down?

It doesn't respond to me anymore.

Hi! BEEB is up. Was down for a few minutes for a minor fix.

[BurtW]

tonych,

Please consider implementing the signature algorithm discussed here:

https://github.com/trezor/trezor-mcu/issues/169

and implemented on the Trezor wallet so that we can make a step forward on implementing a standard way to sign messages with SegWit addresses.

As far as I know this is the only implemented proposal so far.

1) Anyone who keeps their coins in a Trezor wallet would be able to sign messages with them for the ByteBall bot.

2) More SegWit compliant wallets can/will be asked to use/implement this algorithm

3) This will help in the adoption of this proposal as a standard.

[clovis A.]

I have a full node client which resides on a pc that is used strictly for crypto wallets. I don't check the wallet daily, since it's always open, but this morning I've noticed the blockchain has been stuck for about 45 hours. 

Tried closing the wallet and re-opening, but the chain does not want to move forward. Anyone else seeing this? Checked github and I don't see a new release, so I assume this is a one-off type of issue.

Suggestions?

[jamesmarkx]

byte ball is still on downtrend 

[bcmine]

Great news, I think price is at bottom    

From few pages I don't see   any price related talks and people crying about this drop.

So now is time to buy back our cheap train tickets to "tha moon".  

 

The price drop is mainly about supposed IOTA bug, which happens to be similar to Byteball they said. So the big holders were spooked and sold to minimize risk to capital. The price will recover once this issue is laid to rest.

It doesn't affect Byteball. From what I heard, even the hashing function is different.

That's correct; however, the holders don't know the details.  They (not all) only know that IOTA and Byteball are both DAG.  So, understandably can assume both are affected the same way even though they are not.


That said, I don't believe the IOTA bug is the cause since ALL cryptos (yes, bitcoin too) have taken a very big hit over the last couple of weeks.

mainproblem:

byteball is not intuitiv, it needs a perfect easy gui for all the bots.

solution:

byteball need a bigger and faster working team.

time will tell.

Big team means big cost too, tonych did not hold for himself much. So it's not easy till someone come and work as voluntarily.

jep, from now on, the bytes should be given for free to merchants/buyers and people contributing as coders. the price will dump then more, but i think it will anyway. the chart is showing a bottom, which is going hopefully to hold. i think the next months are very important.

[ByteFan]

[reminder]

Announcing BEEB - Blackbytes Escrow Exchange Bot - web front end.

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.

http://www.beeb-bot.com

Includes:
Blackbytes price and volume graphical history,
24h volume,
current best ask,
detailed help menu,
API interface to Blackbytes prices and market history.


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

[jackfruit]

I do not trust this project anymore. I´ve got my first byteballs around 0.3 and the price is 0.6 now. They shouldn´t have reduced airdrop amounts for byteball holders. This was a mistake. Those who are holding huge amounts of BTC automatically became whales and dumped the price, and i don´t expect it to rise again.

[bcmine]

I do not trust this project anymore. I´ve got my first byteballs around 0.3 and the price is 0.6 now. They shouldn´t have reduced airdrop amounts for byteball holders. This was a mistake. Those who are holding huge amounts of BTC automatically became whales and dumped the price, and i don´t expect it to rise again.

there is no inflation in the next 2 months, development continues. price is at bottom. its not a high risk at the moment to hold. i dont see a dump coming, its stable. the price is 0.06 and corrected from 0.1 very nicely.

but of course, you need a vision, trust and expectation for supporting a project.

[bitblaster]

Fees and intrinsic value

The fees paid for storing one’s transactions (or any other data) in the Byteball database are equal to the size of the data being stored.  If the size of your transaction data is 500 bytes, you pay exactly 500 bytes (the native currency of Byteball) in fees.  This means there is intrinsic value in bytes: it is the utility of permanently storing that size of data in a decentralized immutable database.  For data that represents financial transactions, the value is social rather than personal, because you absolutely need to store the full coin history in order to be able to prove the value and authenticity of the coin to each subsequent owner.

The fees are collected partially by those who are first to reference your transaction as parent and partially by witnesses.  The former incentivizes referencing the most recent transactions as parents, which results in the DAG growing in one direction only, like the trunk of a tree, and being as narrow as network latency permits.  If new transactions are rare enough, such that all nodes have enough time to sync before a new transaction appears, the DAG will look almost like a chain, with only occasional forks and quick merges.

Very promising project,

one question:
If I reference a transaction on my wallet, would I be receiving fees?

Thanks

[ivanst776]

Since the next round of the Distribution is going to happen in November 4th then guys what do you think about the price of Byteball?

Is the price going to be increased as there are around ~50 days left for the next airdop!

Also what is the current price of GBB (since it is not listed in exchanges) 1 GBB = x Bitcoin?

[jwinterm]

Since the next round of the Distribution is going to happen in November 4th then guys what do you think about the price of Byteball?

Is the price going to be increased as there are around ~50 days left for the next airdop!

Also what is the current price of GBB (since it is not listed in exchanges) 1 GBB = x Bitcoin?

I think 1 GBB is usually trading around 0.03-0.05 GB, which would be 0.002 BTC.

[lijoe408]

I do not trust this project anymore. I´ve got my first byteballs around 0.3 and the price is 0.6 now. They shouldn´t have reduced airdrop amounts for byteball holders. This was a mistake. Those who are holding huge amounts of BTC automatically became whales and dumped the price, and i don´t expect it to rise again.

I got in around the same price.  Hurts pretty bad.  Exchanges should have been excluded from the beginning.  No reason that Iconomi should have ever gotten any GB.  Giving these Whales such huge amounts and letting the interest compound for them was a huge mistake.  I hope new airdrop projects learn from this in the future.

Imagine how different the landscape would look if there was a limit placed at the beginning.  For instance, then maximum amount of BTC that could be credited for airdrop per wallet is 10 BTC or something. 

[scambust]

I do not trust this project anymore. I´ve got my first byteballs around 0.3 and the price is 0.6 now. They shouldn´t have reduced airdrop amounts for byteball holders. This was a mistake. Those who are holding huge amounts of BTC automatically became whales and dumped the price, and i don´t expect it to rise again.

I got in around the same price.  Hurts pretty bad.  Exchanges should have been excluded from the beginning.  No reason that Iconomi should have ever gotten any GB.  Giving these Whales such huge amounts and letting the interest compound for them was a huge mistake.  I hope new airdrop projects learn from this in the future.

Imagine how different the landscape would look if there was a limit placed at the beginning.  For instance, then maximum amount of BTC that could be credited for airdrop per wallet is 10 BTC or something. 

What do you expect from a lopsided distribution? Giving BTC holders free bytes will never be a good idea. They will be the price resistance levels in the years to come.

[bitblaster]

I do not trust this project anymore. I´ve got my first byteballs around 0.3 and the price is 0.6 now. They shouldn´t have reduced airdrop amounts for byteball holders. This was a mistake. Those who are holding huge amounts of BTC automatically became whales and dumped the price, and i don´t expect it to rise again.

I got in around the same price.  Hurts pretty bad.  Exchanges should have been excluded from the beginning.  No reason that Iconomi should have ever gotten any GB.  Giving these Whales such huge amounts and letting the interest compound for them was a huge mistake.  I hope new airdrop projects learn from this in the future.

Imagine how different the landscape would look if there was a limit placed at the beginning.  For instance, then maximum amount of BTC that could be credited for airdrop per wallet is 10 BTC or something. 

I cannot agree with you more.
The exchanges should have been excluded from Airdrop. I must admit that bitcoin exchanges are dumping Byteball and causing massive price drop. The technology and idea is very promising.