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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1226983 times)
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October 12, 2017, 07:46:17 PM
 #14321

Quote
Byteball is known, unfortunately, as an altcoin although it has completely different characteristics compared to bitcoin. But traders and speculators are the market makers here. They pumped byteball hard in June/July to profit from the hype and they made it.
This is not a good time for Byteball but this is another coin to hold
 Grin

I'm not too sure its reputation as an altcoin affects it as much as its reputation as an airdrop coin. I haven't confirmed it but I think GBYTE has got to be the worst affected coin since BTC began its rise in July/August. The skipped (totally understandable) airdrop definitely didn't help.

It was not just the skipped airdrop. It was also the drop in the Bitcoin:BB distribution ratio. The correction was inevitable once the airdrop (almost) ended, but I didn't expect such a drastic drop with the change in distribution formula.


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October 12, 2017, 09:47:57 PM
 #14322

I thought the month off of airdrop would be good for the price but I couldn't have been more wrong. I think it's probably best that the coins are just handed out quickly without messing around with cashbacks. I hope that Steve Safronov has been working on some nice ICO/ token sales on Byteball... all this coin needs is a couple big token sales and gamblers to notice the platform is ideal for gambling and this coin is going back to the moon  Cool

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October 12, 2017, 10:26:46 PM
 #14323

Hi,

Everytime I go to restore my encrypted backup my byteball wallet goes "poof" and disappears.

Solution?

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October 12, 2017, 10:35:42 PM
 #14324

Hi,

Everytime I go to restore my encrypted backup my byteball wallet goes "poof" and disappears.

Solution?

Restore from full backup or seed?

Using a full node?

Need more details than 'poof'

You're welcome to send me the wallet and I will see what I can do for ya.

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October 12, 2017, 10:43:30 PM
 #14325

Hi,

Everytime I go to restore my encrypted backup my byteball wallet goes "poof" and disappears.

Solution?

Restore from full backup or seed?

Using a full node?

Need more details than 'poof'

You're welcome to send me the wallet and I will see what I can do for ya.

Pretty much wallet would crash upon initial syncing of the 'full' wallet.

Deleted the byteball %appdata% and reinstalled the 'light' wallet and everything works.


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October 12, 2017, 10:45:10 PM
 #14326

Pretty much wallet would crash upon initial syncing of the 'full' wallet.

Deleted the byteball %appdata% and reinstalled the 'light' wallet and everything works.



Glad you got it working.

If you want a full node, there is a couple of work-arounds.

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October 12, 2017, 11:40:49 PM
 #14327

I was speaking about byteball at a meetup tonight and i was told that it is inspired by iota. I can see iota is referenced in the whitepaper. So i am assuming the statement was correct. What makes it different. Im sorry if this has been asked before. perhaps you can point me in the right direction to learn more.

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October 12, 2017, 11:41:12 PM
 #14328

Betting bot added to the Bot Store



The bot is trustless for backers (works via smart contracts) and trustful for layers who want to make the markets.
   
Developer: Freefactomizer

Now 8 out of 17 bots in the store are by independent developers.  Who will make it to 50%?

Super cool, gonna go try this one out!

These bots are aaamazing.

If you really want to do something, you’ll find a way. If you don’t, you’ll find an excuse.
— Jim Rohn
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October 12, 2017, 11:44:15 PM
 #14329

BB is innovative and has its own blockchain. This DAG thing will help bitcoin blockchain a lot, people will find the advantages eventually, maybe the future mainstream is DAG.
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October 13, 2017, 12:01:41 AM
 #14330

I was speaking about byteball at a meetup tonight and i was told that it is inspired by iota. I can see iota is referenced in the whitepaper. So i am assuming the statement was correct. What makes it different. Im sorry if this has been asked before. perhaps you can point me in the right direction to learn more.
The concept was around before both these projects: https://bitcointalk.org/index.php?topic=1177633.0

If i'm not missing something, the difference is basically in the witnesses and distribution mechanism.

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October 13, 2017, 05:33:51 AM
 #14331

I was speaking about byteball at a meetup tonight and i was told that it is inspired by iota. I can see iota is referenced in the whitepaper. So i am assuming the statement was correct. What makes it different. Im sorry if this has been asked before. perhaps you can point me in the right direction to learn more.
The concept was around before both these projects: https://bitcointalk.org/index.php?topic=1177633.0

If i'm not missing something, the difference is basically in the witnesses and distribution mechanism.
Is it my impression, or someone is using the DagCoin abandoned thread, and DagCoin's name, to promote some MLM scam?

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October 13, 2017, 07:36:30 AM
 #14332







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October 13, 2017, 09:32:24 AM
Last edit: October 13, 2017, 09:57:05 AM by SaintFlow
 #14333

I was speaking about byteball at a meetup tonight and i was told that it is inspired by iota. I can see iota is referenced in the whitepaper. So i am assuming the statement was correct. What makes it different. Im sorry if this has been asked before. perhaps you can point me in the right direction to learn more.

While I have outed myself as a massive FANBOY of Byteball I want some basic information availabe to everyone. I would point out that your meetup is a good representation at the current level
of awareness.

There may at some point arrive hard pissing matches who was the first.
https://en.wikipedia.org/wiki/Directed_acyclic_graph
The concept is as you can see ... older.
It is hard to say who started development first.
Iota was the first to announce their project.
Byteball was first to arrive on marketplace.

Here you can look at some of the early mostly impartial or partially partisan writeups which are only somewhat outdated:

mostly impartial but be aware that tangleblog has a "buy Iota" written on its front page.
http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/  
with related discussion
https://bitcointalk.org/index.php?topic=1888773.0

byteball partisan
https://steemit.com/cryptocurrency/@jimmco/byteball-vs-iota-battle-of-two-dag-cryptocurrencies

Here is another discussion the Iota reddit had on the topic of comparision
https://www.reddit.com/r/Iota/comments/6l06su/iota_vs_byteball/
you can use it to contrast the previous two articles.
Takehome messages here is for example that "Byteball 1% premine" vs. "IOTA 5% Devfund" are again partisan statements.

Portabella (one of the byteball witenesses) wrote the following summary:
https://byteroll.com/comparison-iota

If i can add my 2 cents to the current situation:
Both are independent projects. So comparisions are a bit ... funky.

Iota is a full funded ICO "foundation driven" investment vehicle with a 'mostly' clear cut specific (read: limited) usecase in mind.
It has made a lot of people alot of money and expect that any attack on it is an attack on them. Most of the links I have
given you are from Iota related webpages. They discuss the issue alot more than the Byteball community.

Byteball is a community driven ambitious young fresh take on what a Cryptographic Project can be and is currently
bootstrapping itself into existance. It has a long way ahead of itself and the projects I have seen myself convinced me
to take a strong stand in it. Future is already here, it is being distributed as we speak and more independent development is
in several chaotic pipelines. We can see what sticks. And we can get it done without running after any ICO maddness.


don't let me make you question your assumptions
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October 13, 2017, 12:01:55 PM
 #14334

Quote
Byteball is known, unfortunately, as an altcoin although it has completely different characteristics compared to bitcoin. But traders and speculators are the market makers here. They pumped byteball hard in June/July to profit from the hype and they made it.
This is not a good time for Byteball but this is another coin to hold
 Grin

I'm not too sure its reputation as an altcoin affects it as much as its reputation as an airdrop coin. I haven't confirmed it but I think GBYTE has got to be the worst affected coin since BTC began its rise in July/August. The skipped (totally understandable) airdrop definitely didn't help.

It was not just the skipped airdrop. It was also the drop in the Bitcoin:BB distribution ratio. The correction was inevitable once the airdrop (almost) ended, but I didn't expect such a drastic drop with the change in distribution formula.

Yes, as a matter of fact the market is now pricing in the end of the BTC-related airdrop. A huge drop was expected for the end of the airdrop in several months from now, but the changing of rules has anticipated this moment. Now we have to patient before a new equilibrium is reached.
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October 13, 2017, 05:01:31 PM
 #14335

if I notice the Byteball price trend is almost the same as the Populous World, June, July and August skyrocket but after that the price continues to fall. What can we do to return the price like last july?

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October 13, 2017, 05:05:18 PM
 #14336

With the lack of marketing and resisting FUD from and association with the childish "iota", the price may go back to $10.

I for one am tired of being only 1 or 2 people calling out the FUD in this thread and reddit.

Look at all the shitcoins, blockchain clones, talked about everywhere and none of you guys mention Byteball. Why?

Can not have adoption or good distribution by being silent.
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October 13, 2017, 05:37:49 PM
 #14337

With the lack of marketing and resisting FUD from and association with the childish "iota", the price may go back to $10.

I for one am tired of being only 1 or 2 people calling out the FUD in this thread and reddit.

Look at all the shitcoins, blockchain clones, talked about everywhere and none of you guys mention Byteball. Why?

Can not have adoption or good distribution by being silent.

Because Byteball and DAG are 'niche' that's why.
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October 13, 2017, 05:51:17 PM
 #14338

I for one am tired of being only 1 or 2 people calling out the FUD in this thread and reddit.

Look at all the shitcoins, blockchain clones, talked about everywhere and none of you guys mention Byteball. Why?

Can not have adoption or good distribution by being silent.

Ahhhh, but you're not the only two.   Many other places

I'm on slack, irc, and discord.   AND, I've never dumped any byteball.
Also, I spend a lot of time helping people with their byteball wallets and understanding.

It's hard for people not to FUD, cause they only see one alt.  They don't actually see that nearly all alts are going down as it's being sold to buy Bitcoin with the pumps.

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October 13, 2017, 06:19:48 PM
 #14339

Yes alts are going down, but still I was buying at 0.33btc, at 0.22, at 0.18... so I am tired of buying at high prices. Basically in btc rate byteball lose 90% of value (0.4btc -> 0.033btc now), so it would be just better to hold btc. I do still believe in byteball and it would be stupid to sell now. I must take these losses  Sad
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October 13, 2017, 06:44:11 PM
 #14340

What can we do to return the price like last july?
The same question over and over again requires the same answer: By making this coin practical.
- Decentralized exchange of €uro/USD <> Bytes/Blackbytes directly from the Byteballwallet
- Rebranding (Byteball, Bytes, Blackbytes... no no no)
- Possibility to pay for goods and services directly with the Byteball Coin variants on a decentralized marketplace such as "Open Bazaar".


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