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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1172592 times)
vingaard
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November 21, 2017, 04:37:28 PM
 #15241

An update about future distribution plans.

So far, bytes were mainly distributed via airdrops to holders of BTC and Bytes, and a relatively small portion was distributed through the cashback program.  We started this free distribution with the purpose of getting the currency as wide spread as possible, and while the purpose stays the same, methods can change.  The airdrop method worked well to get the initial user base, but it also proved to be the least efficient in terms of user acquisition cost.

Over the next few months, we'll add more methods of free distribution.  One of them is already being developed, I expect it to be ready in the first half of December. 

The new methods are designed to grow our user base faster than the money supply.

While the new methods are still untested, it is early to drop the airdrops.  That's why the next round of distribution to Bytes and BTC holders is tentatively planned for the full moon of March 2, 2018.  The rules are the same as in the previous round:

For every 16 BTC you receive 0.1 GB,
For every 1 GB you receive additional 0.1 GB,

and similar rules for blackbytes.

This round can be postponed or even canceled depending on performance of other distribution methods.


Thank you for a clear update
I think you are doing a good work, and I think the change in distribution method will be positive.

Thanks and keep working like this  Wink
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Black_bl
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November 21, 2017, 04:55:17 PM
 #15242

An update about future distribution plans.

So far, bytes were mainly distributed via airdrops to holders of BTC and Bytes, and a relatively small portion was distributed through the cashback program.  We started this free distribution with the purpose of getting the currency as wide spread as possible, and while the purpose stays the same, methods can change.  The airdrop method worked well to get the initial user base, but it also proved to be the least efficient in terms of user acquisition cost.

Over the next few months, we'll add more methods of free distribution.  One of them is already being developed, I expect it to be ready in the first half of December. 

The new methods are designed to grow our user base faster than the money supply.

While the new methods are still untested, it is early to drop the airdrops.  That's why the next round of distribution to Bytes and BTC holders is tentatively planned for the full moon of March 2, 2018.  The rules are the same as in the previous round:

For every 16 BTC you receive 0.1 GB,
For every 1 GB you receive additional 0.1 GB,

and similar rules for blackbytes.

This round can be postponed or even canceled depending on performance of other distribution methods.

Hi Tonych,
Why don't you use the all rest Bytes for merchant cashback program? I think this is the best way how spread BB to real world. The more merchants using Bytes the more attract from other companies and people Smiley
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November 21, 2017, 04:57:36 PM
 #15243

Meet our new cashback partner, a hair salon in Kyoto.  It is headed by Satoshi, a Byteball fan.

http://lp-kyoto.jp/
http://blog.lp-kyoto.jp/


Simplicity is beauty
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November 21, 2017, 05:00:40 PM
 #15244

After updating the windows full wallet now the new one doesn't work any more. I'm getting the error message: "Uncaught exception: Type Error: Cannot read properly 'IndexOf' of undefined."
So now what?

w@p
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November 21, 2017, 05:36:53 PM
 #15245

..That's why the next round of distribution to Bytes and BTC holders is tentatively planned for the full moon of March 2, 2018.  The rules are the same as in the previous round:

For every 16 BTC you receive 0.1 GB,
For every 1 GB you receive additional 0.1 GB,

and similar rules for blackbytes.

This round can be postponed or even canceled depending on performance of other distribution methods.



Why not limit the distribution to Byteball holders only? Rewarding BTC whales at this stage generates unnecessary sale pressure in my opinion.
In addition to the free distributions it would be wise to reserve around 5% or 10% for future marketing, UX & development in order to attract a larger audience & secure the future development of Byteball.
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November 21, 2017, 05:41:16 PM
 #15246

After updating the windows full wallet now the new one doesn't work any more. I'm getting the error message: "Uncaught exception: Type Error: Cannot read properly 'IndexOf' of undefined."
So now what?

Haven't seen that, but....
move the wallet to another folder.  start up the client and then do a full restore.

You DID make a full restore before upgrading to the new watter, rite?


For every 16 BTC you receive 0.1 GB,
For every 1 GB you receive additional 0.1 GB,

And now the fools that come in claiming it's bad that whales get all the money without even considering what they're saying.
Someone with 16BTC (yes $130k) is not likely to care about $23 worth of byteball.  If you really think that is their motivation, you're really lacking.
A Whale would simply purchase a GB at $250 and get the 10% bonus instead of hoping his $130k would get him $23.

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November 21, 2017, 06:14:37 PM
 #15247

I'm not complaining, but honestly that doesn't provide much clarity. New secret method coming maybe soon, and next airdrop in March except maybe if one guy changes his mind.
Looks like a complaint to me Wink

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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November 21, 2017, 06:21:49 PM
Last edit: November 21, 2017, 06:34:43 PM by w@p
 #15248


And now the fools that come in claiming it's bad that whales get all the money without even considering what they're saying.
Someone with 16BTC (yes $130k) is not likely to care about $23 worth of byteball.  If you really think that is their motivation, you're really lacking.
A Whale would simply purchase a GB at $250 and get the 10% bonus instead of hoping his $130k would get him $23.


Your logic here seems reasonable. Still: the top 10 Byteball linked BTC addresses represent ±200.000 BTC combined: http://transition.byteball.org
This translates to 1250 GB airdropped Byteball. That's still quite a lot for the market to swallow if it would be sold in a short period of time.

The merchant cashback program is great though and I'm very curious about the new additional distribution method coming in December.
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November 21, 2017, 06:54:23 PM
 #15249

having a similar error (error removing unstable units ) in my wallet i have only blackbytes in that wallet i can use the full backup with no risk of losing the coins ?

After updating the windows full wallet now the new one doesn't work any more. I'm getting the error message: "Uncaught exception: Type Error: Cannot read properly 'IndexOf' of undefined."
So now what?

Haven't seen that, but....
move the wallet to another folder.  start up the client and then do a full restore.

You DID make a full restore before upgrading to the new watter, rite?


For every 16 BTC you receive 0.1 GB,
For every 1 GB you receive additional 0.1 GB,

And now the fools that come in claiming it's bad that whales get all the money without even considering what they're saying.
Someone with 16BTC (yes $130k) is not likely to care about $23 worth of byteball.  If you really think that is their motivation, you're really lacking.
A Whale would simply purchase a GB at $250 and get the 10% bonus instead of hoping his $130k would get him $23.



reality ? you fell to Scammers after being in an ICO , IPO
(more like any other stock and index in the world ICO or not got your portfolio down 25 % or 85 %)
Now  SEC is helping you getting back up your lost money maybe....
CorePrime95
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November 21, 2017, 08:06:49 PM
 #15250

Your logic here seems reasonable. Still: the top 10 Byteball linked BTC addresses represent ±200.000 BTC combined: http://transition.byteball.org
This translates to 1250 GB airdropped Byteball. That's still quite a lot for the market to swallow if it would be sold in a short period of time.

The merchant cashback program is great though and I'm very curious about the new additional distribution method coming in December.

Yes, but 200.000BTC is a ... mindblowing amount, I dont think these people will dump instantly because they need money
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November 21, 2017, 08:21:30 PM
 #15251

yeah no one sane would sell 2 third of a coin in one go, but stealing is a possibility that cannot be reversed, if you are not considering a fork .
Your logic here seems reasonable. Still: the top 10 Byteball linked BTC addresses represent ±200.000 BTC combined: http://transition.byteball.org
This translates to 1250 GB airdropped Byteball. That's still quite a lot for the market to swallow if it would be sold in a short period of time.

The merchant cashback program is great though and I'm very curious about the new additional distribution method coming in December.

Yes, but 200.000BTC is a ... mindblowing amount, I dont think these people will dump instantly because they need money

reality ? you fell to Scammers after being in an ICO , IPO
(more like any other stock and index in the world ICO or not got your portfolio down 25 % or 85 %)
Now  SEC is helping you getting back up your lost money maybe....
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November 21, 2017, 08:49:42 PM
 #15252

I also like the merchant cashback program, but the choices are still too limited. (I found a list here, is this the latest? https://byteroll.com/cashback)

Additionally, I hope for a really widespread distribution. Lets say approx $10 of Byteball for the first 100k people to apply for it/download a wallet and do a transaction or sth.

At this point I don't think that the standard airdrop (based on BTC/BB) has a big effect on popularity anymore. It is good to reward the early adopters a bit, but 10% per month (or every few months) is a bit too much.

Anyway, I am looking forward to the future distribution Smiley


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farl4web
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November 21, 2017, 09:00:30 PM
 #15253

Is there more information about the distribution besided the wiki page? Why is it halted?

Follow the latest blockchain news: https://twitter.com/blockchainguide
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November 21, 2017, 09:39:38 PM
 #15254

After updating the windows full wallet now the new one doesn't work any more. I'm getting the error message: "Uncaught exception: Type Error: Cannot read properly 'IndexOf' of undefined."
So now what?

Haven't seen that, but....
move the wallet to another folder.  start up the client and then do a full restore.

You DID make a full restore before upgrading to the new watter, rite?


Yes, I did, and I was actually about to skip it this time since I had never had problems before, but luckily I decided doing the backup was a matter of principle. Be it an exmpale for everyone. You never know when shit will happen.

For every 16 BTC you receive 0.1 GB,
For every 1 GB you receive additional 0.1 GB,

And now the fools that come in claiming it's bad that whales get all the money without even considering what they're saying.
Someone with 16BTC (yes $130k) is not likely to care about $23 worth of byteball.  If you really think that is their motivation, you're really lacking.
A Whale would simply purchase a GB at $250 and get the 10% bonus instead of hoping his $130k would get him $23.


This is really funny indeed. It just stops being funny when I suddenly remember all the BTCs which I have invested in Byteball when BTC was low and Byteball was high...

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November 21, 2017, 11:27:20 PM
 #15255

Is there more information about the distribution besided the wiki page? Why is it halted?

The dev team is looking for ways to improve adoption and use for byteball. Apparently freebies have not been useful in promoting GBBYTE.
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November 22, 2017, 02:21:24 AM
 #15256

Is there more information about the distribution besided the wiki page? Why is it halted?
BYTEBALL team should recruit more and better developers to form an open development team.
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November 22, 2017, 06:52:06 AM
 #15257

Have I got it right that the next airdrop will occur in March 2018?? And will there be more than one airdrop in 2018 or only this one?
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November 22, 2017, 08:09:23 AM
 #15258

Have I got it right that the next airdrop will occur in March 2018?? And will there be more than one airdrop in 2018 or only this one?
what? i saw that there is no update on the airdrop moment for this month but march? i really think this will happen sooner

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November 22, 2017, 08:10:00 AM
 #15259

Byteball Interview (Part 1): Crypto of the 3rd generation, Witnesses, IOTA vs. BYTEBALL

https://medium.com/@CryptKeeperBTT/byteball-interview-part-1-crypto-of-the-3rd-generation-witnesses-iota-vs-byteball-900b629bff

Enjoy!  Cheesy

Byteball Interview (Part 2): Technical Strengths, Blackbytes, Distribution Rounds and Cashback System

https://medium.com/@CryptKeeperBTT/byteball-interview-part-2-technical-strengths-blackbytes-distribution-rounds-and-cashback-8721b24841ad

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
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November 22, 2017, 08:15:57 AM
 #15260

So many people just coming here because they want free money, its really time to move away from the airdrops
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