Obyte: Totally new consensus algorithm + private untraceable payments

[Freefactomizer]

Now, we still have 0 trusted registries on the default hub byteball.org and the assets in the wallets are still cryptic hashes.  My proposal is that we elect 1 or 2 registries to start with.  We already have a poll bot and can put it to use here.  If this sounds like a good idea, let's start with nominations.

I would like to candidate to become registrar. I got some ideas for features to be built on top this service, I need a few days to define and present the project.

[IckyYak22871]

I am not against a house edge, it is absolutely fair to charge a fee for providing service, but your house edge seem to be pretty high to me. That is why I am asking to provide more details on how exactly you calculate payouts and how much you keep for yourself.

Blockchain (or DAG) based business is all about transparency. Without transparency why bother about these technologies?

You keep using "house edge" as if this was in relation to casino gambling... You are using the wrong term. It is NOT a house edge. A house edge is the theoretical "edge" that the house has based on mathematically provable probabilities over an infinite series of events.

You can call it whatever you want, a service which this guy promotes is gambling, and I need to know my odds before I get into the game, and my odds directly depend on a fraction of my prize which service provider takes from me (aka a house edge).

[bottacoin]

I am not against a house edge, it is absolutely fair to charge a fee for providing service, but your house edge seem to be pretty high to me. That is why I am asking to provide more details on how exactly you calculate payouts and how much you keep for yourself.

Blockchain (or DAG) based business is all about transparency. Without transparency why bother about these technologies?

You keep using "house edge" as if this was in relation to casino gambling... You are using the wrong term. It is NOT a house edge. A house edge is the theoretical "edge" that the house has based on mathematically provable probabilities over an infinite series of events.

You can call it whatever you want, a service which this guy promotes is gambling, and I need to know my odds before I get into the game, and my odds directly depend on a fraction of my prize which service provider takes from me (aka a house edge).

I don't know how you calculate the fees but at this time I see a return rate of 94% offered on a down BTC contract. It seems to be the best payout of the all binary options market.

https://binaryballs.com/trade/

[HCP]

You can call it whatever you want, a service which this guy promotes is gambling, and I need to know my odds before I get into the game, and my odds directly depend on a fraction of my prize which service provider takes from me (aka a house edge).

So how would you do that with a sports betting website in a situation like this?

For instance, current value on Nitrogen Sports for Pittsburgh Steelers vs. Tennessee Titans:

Pittsburgh: 1.341
Tennessee: 3.553

Nitrogen don't say "we take 5% Commission on payouts" or anything like that... They factor in a spread on the various lines...

So I guess you'd work it out the same way with Binary Balls...

[ByteFan]

BEEB - Blackbytes Escrow Exchange Bot - Daily report.

TOTAL FOR SALE: 475 914 MBB   
Last 24h traded vol: 666 552 MBB   
Current Best Ask: 0.0284 MB/MBB   
Current Best Ask vol: 100 MBB

http://www.beeb-bot.com

[Adriano2010]

How many bytes i need to have to be 1Gigabyte? I have some bytes but i need to know to buy the difference until i get 1GB.

[BurtW]

How many bytes i need to have to be 1Gigabyte? I have some bytes but i need to know to buy the difference until i get 1GB.

Where on Earth do you live?  You have never heard of the metric system?  Does this ring a bell?



giga = 10⁹ = 1,000,000,000

Wherever you got your "education" you need to go and immediately demand a refund.

[Adriano2010]

How many bytes i need to have to be 1Gigabyte? I have some bytes but i need to know to buy the difference until i get 1GB.

Where on Earth do you live?  You have never heard of the metric system?  Does this ring a bell?



giga = 10⁹ = 1,000,000,000

Wherever you got your "education" you need to go and immediately demand a refund.

Thanks for your your info. I know about MB and GB from CD and DVD and there 1024 MB=1GB and i not was sure if 1.000.000.000 bytes is 1 GB or 1.024.000.000 is 1GB.

https://www.quora.com/Is-1-GB-equal-to-1024-MB-or-1000-MB

[BurtW]

Ah, that is a much more interesting question.  If the author wanted to use the binary SI prefix as opposed to decimal SI prefixes then they should have used gibi instead of giga.  But, not everyone is aware of this or does it consistently:



BTW 1 gibibyte = 2³⁰ = 1,073,741,824, not 1,024,000,000 [1 GiB is 1,024 x 1 MiB which is 2²⁰ = 1,048,576]

[IckyYak22871]

You can call it whatever you want, a service which this guy promotes is gambling, and I need to know my odds before I get into the game, and my odds directly depend on a fraction of my prize which service provider takes from me (aka a house edge).

So how would you do that with a sports betting website in a situation like this?

For instance, current value on Nitrogen Sports for Pittsburgh Steelers vs. Tennessee Titans:

Pittsburgh: 1.341
Tennessee: 3.553

Nitrogen don't say "we take 5% Commission on payouts" or anything like that... They factor in a spread on the various lines...

So I guess you'd work it out the same way with Binary Balls...

If the binary balls guy shows a table with the history of bets (including current ones), that will do. This is what crypto dudes claim all the time: we are better than traditional "blah-blah", because we are so transparent. Then be transparent, or remove your claims.

[jbreher]

there 1024 MB=1GB and i not was sure if 1.000.000.000 bytes is 1 GB or 1.024.000.000 is 1GB.

I hate to pile on, but you are absolutely incorrect in your claim that there are 1024 MB in 1 GB. Relying on non-authoritative websites for your source of truth does nothing to resolve the error.

The SI system was devised ages ago, and is universally used as the measure of such things. The prefix G or giga always denotes 10^9.

Some time ago, lazy programmers noted that 2^10 is kinda sorta approximately equal 10^3. So they started sloppily referring to 2^10 as kilo, 2^20 as mega, etc. But this has introduced error and ambiguity where none is warranted. And this ambiguity has killed.

If you mean 2^30, then the proper prefix is Gi or gibi. The scientific and engineering standards communities are universally aligned on this point. Or to make it concrete for you, 1024 MiB = 1 GiB.

https://en.wikipedia.org/wiki/Binary_prefix and while WikiPedia is only quasi-authoritative, they provide more explanation that truly authoritative sites such as the National Institute of Standards and Technology: https://physics.nist.gov/cuu/Units/binary.html

And for the love of all that is holy, stop misusing SI prefixes. Before they kill again.

[fabi90]

I would like to know if is there an official chat? is there only telegram group or also slack, discord?

[Karartma1]

BEEB - Blackbytes Escrow Exchange Bot - Daily report.

TOTAL FOR SALE: 475 914 MBB   
Last 24h traded vol: 666 552 MBB   
Current Best Ask: 0.0284 MB/MBB   
Current Best Ask vol: 100 MBB

http://www.beeb-bot.com

I just wanted to follow up on this since it is a great bot and a very good addition to the whole Byteball ecosystem. Lately, I see there's some traction on the exchanges and that may start GB engine once again. Hopefully the way up is building in a more consistent way.

[kmxl45]

Hi guys. I am little tired of splitting blockchains and panics around it. Don't get me wrong, I love the blockchain technology, but this mess around is bad. So I have looked for other options for future investment with little diferent technology and I found Byteball with DAG. And I am impressed. No miners? Fast transaction? Conditional payments? No blockchain? And that is not end....Is it really true?

[CorePrime95]

Hi guys. I am little tired of splitting blockchains and panics around it. Don't get me wrong, I love the blockchain technology, but this mess around is bad. So I have looked for other options for future investment with little diferent technology and I found Byteball with DAG. And I am impressed. No miners? Fast transaction? Conditional payments? No blockchain? And that is not end....Is it really true?

Byteball is evolving super fast, each month you check here and something new happens. This month we already got real life merchants (https://byteball.org/milan/), and a real world company raising money (https://titan-coin.com/en/) using Byteball assets.

[ByteFan]

I would like to know if is there an official chat? is there only telegram group or also slack, discord?

Yep. https://byteball.slack.com

[Freefactomizer]

No miners? Fast transaction? Conditional payments? No blockchain? And that is not end....Is it really true?

Yes everything works as expected in whitepaper.

[byteball3r]

It is sad that the byteball slack continues to be closed to new members unless they manually request an invitation. I know that there are scams but closing it off stifles community growth imho. The OP is also misleading in that it links to the slack for information when it is closed to new members (the average OP reader).

Also if you haven't done so change your wallet hub to byteball.fr/bb (instructions) so we can start decentralizing the witnesses!

[ByteFan]

It is sad that the byteball slack continues to be closed to new members unless they manually request an invitation. I know that there are scams but closing it off stifles community growth imho. The OP is also misleading in that it links to the slack for information when it is closed to new members (the average OP reader).

Also if you haven't done so change your wallet hub to byteball.fr/bb (instructions) so we can start decentralizing the witnesses!

Slack was daily polluted by scammers. Feel free to ask an invit to join!

[Marc De Mesel]

It is sad that the byteball slack continues to be closed to new members unless they manually request an invitation. I know that there are scams but closing it off stifles community growth imho. The OP is also misleading in that it links to the slack for information when it is closed to new members (the average OP reader).

Also if you haven't done so change your wallet hub to byteball.fr/bb (instructions) so we can start decentralizing the witnesses!

Great feedback man.

Slack seems to be suffering from too much spam.

Maybe there is another platform that could be used so that people can enter again?