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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1178497 times)
BTCWagering
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March 10, 2018, 08:11:20 PM
 #17741


Maybe this was another reason for cancelling the airdrop -- people would have been even more upset when an endorsed exchange had Gox'd a huge % of users, since GBYTE is only on a few exchanges.

Will the distribution funds be use to reimburse Cryptopia users when people finally admit that Cryptopia ran off with all the bytes?


thanks mate, this post should definitely go in the top 10 of this thread
this probably too "I can't get your points. After the total distribution ending, it can be treated as decentralization."


I wish I could laugh with you, really I do.

It's no joke: Cryptopia has confiscated a significant % of outstanding bytes, which belong to their customers.

Byteball PR needs to address this. Plenty of users are sweating a Cryptopia Goxing for the last 2+ months (coins have been stolen for over 3 months).
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March 10, 2018, 10:24:59 PM
 #17742


Maybe this was another reason for cancelling the airdrop -- people would have been even more upset when an endorsed exchange had Gox'd a huge % of users, since GBYTE is only on a few exchanges.

Will the distribution funds be use to reimburse Cryptopia users when people finally admit that Cryptopia ran off with all the bytes?


thanks mate, this post should definitely go in the top 10 of this thread
this probably too "I can't get your points. After the total distribution ending, it can be treated as decentralization."


I wish I could laugh with you, really I do.

It's no joke: Cryptopia has confiscated a significant % of outstanding bytes, which belong to their customers.

Byteball PR needs to address this. Plenty of users are sweating a Cryptopia Goxing for the last 2+ months (coins have been stolen for over 3 months).
Byteball — What’s happening? — March 2018

Crypto does not necessarily mean mining.
Welcome to the third monthly Byteball update in 2018. If you missed the previous recap it can be found here.

For those of you who don’t know anything about Byteball yet, I recommend you to check out the website. Even better, read the whitepaper. Still have questions? Check out the wiki.

Alternatively you can check out this introduction series right here on Medium:

Introduction to Byteball — Part 1: Why?
Introduction to Byteball — Part 2: The DAG
Introduction to Byteball — Part 3: Smart Contracts
Introduction to Byteball — Part 4: Adoption

For those of you already familiar with Byteball, here we go:

March & all future airdrops cancelled
The most controversial news for sure has been the announcement by lead developer and Byteball founder Tony Churyumoff that the March full moon airdrop was cancelled. So far the great majority (65% in 10 rounds) of the Bytes distribution has been done through this innovative mechanism. People could link their Bitcoin address to receive free Bytes every full moon. Bytes holders were also encouraged to hold on to their Bytes as they also got 10–20% for free every round.


At first this distribution method was a great way to get people who were already involved in the cryptocurrency space interested in Byteball. At some point however the method started to show huge diminishing returns, not justifying the cost anymore. A few new methods of distribution were developed but they needed time to come to fruition. Tony therefor felt he had to plan a final tentative airdrop for March in case the new methods also weren’t satisfactory. He waited till almost the last possible moment (2 weeks prior to the airdrop) to announce the cancellation.

Let’s just say the news wasn’t exactly celebrated, some even say it was a PR disaster. Even long time fan Richard Heart was so dismayed that he started to tweet negatively about Byteball. And he wasn’t the only one, some long time community members ragequit and sold all their Bytes. Let me try to summarize the criticism:

Lots of people invested in Byteball just because of the airdrops. The airdrop was advertised for months, you had to really read the smallprint to understand that it could be cancelled at any time;
Keeping 35% of the undistributed Bytes without a concrete plan how they will be distributed is very sketchy and scares away investors;
Changing the plan without any discussion shows how centralized Byteball really is, no better than an ICO where the developers keep 35% of the coins;
TL;DR: Trust issues!
But the future is bright
As a long time fan I am obviously very happy that Tony made this difficult decision. Obvious to me, maybe not to you, so let me try to explain why cancelling the airdrops is perhaps the best thing that could happen to Byteball besides organic user adoption.

Tony’s vision, as laid out in the whitepaper, is crystal clear to me. He is extremely ambitious. Byteball is barely 1 year old. Distribution is nowhere near finished, decentralization still has to happen and new features are being churned out like clockwork.

Anyone who zooms out a little can see that this is the most impressive crypto project of them all, especially considering it’s mostly being built by a single genius coder who luckily cares more about actual users than so called investors. So what is it that makes me love Byteball so much then? I’ll try to summarize it here:

Byteball is designed from the ground up as a better version of Bitcoin in every possible way, yes even security wise. In theory ofcourse, Tony is busy building all this;
He has the understanding that you should focus on user adoption and user experience instead of speculation/exchanges. This is the only way to reach long term success;
Currently Byteball is capped at roughly ~15tps max but no time is wasted on speed optimization yet because the network is nowhere near capacity at the moment, so that would be a waste of time, better to work on new features. We know it can scale;
He understands that Byteball is meant to be used in the real world instead of “HODLed till moon”. So some kind of trust is not bad, extremism is bad. You can still be swindled with your 100% trustless currency, because the physical world does actually exist. So why not integrate with it! Witnesses are a brilliant solution to bond the real and virtual worlds;
Marketing, whatfor!? The basics aren’t even finished yet, why start screaming already? Marketing to get active contributors involved, yes!
So once all of this is done, a few years from now probably, Byteball will turn into:

The most feature rich, extremely fast (at least x100 from now) crypto platform you can imagine with insanely low fees that has millions of actual users;
12 high profile real world witnesses, like Jumio, Bittrex, Amazon, Tesla, Wikileaks, UNICEF, etc. providing decentralization and security;
Many useful chat bots and integration in many web front ends / web applications as a backend system.
That’s what I believe in and why I have bought some (a lot) GB on top of what I got for free.
Everyone that learned about this project before November 2017 had a chance to own a part of this for FREE, Tony never asked anyone to invest in it.

Now that the groundwork is almost finished and actual ICOs can be run on Byteball it’s beginning to make sense to buy some Bytes to actually use it, so why give everything away for free to the people who already got so many. It just doesn’t make sense. So from this whole vision it’s super obvious that the airdrops must stop, they will destroy the vision when continued.

I don’t think I will convince many of the people in the first group but at least I tried. Let me know in the comments on which side you stand and why.

New distribution methods
So, no more airdrops, how do we get new users then? Luckily Tony developed a few promising new methods:

Cashback Program
Verification & referral rewards
Giveaways (example)
Mass textcoin mailings
Most of these methods are quite new and the user adoption path is ofcourse way harder than the “free money” route, but if we can get this ball rolling the result will be far greater than the airdrops could ever achieve. And Tony isn’t stopping here, more methods will be added in the future.


New ICO on the Byteball platform
Quite a surprise was the announcement of a new ICO on February 15 called SilentNotary. SilentNotary is a digital notary that saves and certifies documents, emails, chats, and audio/video recordings.

The authenticity of these records will be ensured by posting them both to the Ethereum blockchain and the Byteball DAG.

The ICO is active until 15 March 2018. If you’re interested you can find the “SilentNotary ICO” bot in the Bot Store. You can buy SNTR tokens with Bytes, BTC, or Ether.

By the way, the ICO bot now supports KYC and non-US attestation making Byteball the only ICO platform (that I’m aware of) which supports KYC out of the box.
Save the best for last
Overlooked but awesome news nevertheless is the fact that developers can now access almost any function of headless Byteball node via JSON-RPC.

Previously, only a small subset of functions was available through RPC.

This allows to easily integrate BB nodes with programs written in languages other than node.js.

Can’t wait to see what becomes of this!

No marketing news?
A few things are brewing Smiley
I bet next month this recap will be full of marketing / PR news.

That’s it for now. Don’t forget to check out the Byteball subreddit and join the community. See you next month!
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March 10, 2018, 11:22:17 PM
 #17743

SilentNotary ICO introduces ByteBall in legal field
http://www.morningrelease.com/story/149022/silentnotary-ico-introduces-byteball-in-legal-field.html

ICO SilentNotary on Byteball https://silentnotary.com/




                                         ████████████████████████████████
                                         ████████████████████████████████
                                            ███▄
                                               ▀███▄
                                                   ▀███▄
                                                       ▀███
█████████████████████████████
█████████████████████████████


Silent Notary
The 1st Blockchain Notary Company in the World
Limited seats available
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March 11, 2018, 10:14:31 AM
Last edit: March 11, 2018, 12:40:18 PM by afbitcoins
 #17744

Anyone who zooms out a little can see that this is the most impressive crypto project of them all, especially considering it’s mostly being built by a single genius coder who luckily cares more about actual users than so called investors.

So called investors? What is wrong with investors? Have you invested in any bytes?

He (Tony) understands that Byteball is meant to be used in the real world instead of “HODLed till moon”

Again! What is wrong with holding a currency for long term? Holding (or saving) is as legimate a 'use' as spending (if you can find anywhere to spend it), exchanging, or gambling on a bot or whatever else one wants to do

12 high profile real world witnesses, like Jumio, Bittrex, Amazon, Tesla, Wikileaks, UNICEF, etc. providing decentralization and security;

At this point you are just dreaming. I imagine not one of these even knows byteball exists nevermind planning to stake their reputation to it. Meanwhile all default witnesses still controlled by Tony. (And all witnesses fees collected by Tony). While we're making stuff up lets add JP Morgan, The IMF and the ECB to the witness list.

See you next month. Who are you again?? the new PR guy?
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March 11, 2018, 03:51:55 PM
Last edit: March 11, 2018, 04:42:15 PM by pineapple express
 #17745

Quote
Again! What is wrong with holding a currency for long term? Holding (or saving) is as legimate a 'use' as spending (if you can find anywhere to spend it), exchanging, or gambling on a bot or whatever else one wants to do
nothing wrong with holding. But if you bought currency just for hold, don't be a girl when you lose all your investments. It was your choice, your risks, your money, your life
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March 11, 2018, 04:18:47 PM
 #17746

Anyone who zooms out a little can see that this is the most impressive crypto project of them all, especially considering it’s mostly being built by a single genius coder who luckily cares more about actual users than so called investors.

So called investors? What is wrong with investors? Have you invested in any bytes?

He (Tony) understands that Byteball is meant to be used in the real world instead of “HODLed till moon”

Again! What is wrong with holding a currency for long term? Holding (or saving) is as legimate a 'use' as spending (if you can find anywhere to spend it), exchanging, or gambling on a bot or whatever else one wants to do

12 high profile real world witnesses, like Jumio, Bittrex, Amazon, Tesla, Wikileaks, UNICEF, etc. providing decentralization and security;

At this point you are just dreaming. I imagine not one of these even knows byteball exists nevermind planning to stake their reputation to it. Meanwhile all default witnesses still controlled by Tony. (And all witnesses fees collected by Tony). While we're making stuff up lets add JP Morgan, The IMF and the ECB to the witness list.

See you next month. Who are you again?? the new PR guy?


He just copy/pasted this Medium post: https://medium.com/@Suirelav/byteball-whats-happening-march-2018-fcb915761999

People call themselves investors, hence "so called". Receiving something for free doesn't make you an investor. Buying something for BTC or fiat that is given away for free doesn't make you an investor either. Still people insist they are investors. Holding a currency that noone uses yet isn't going to help adoption much, or is it?

It's indeed a dream, or vision if you will, of what Byteball could become in a few years. People are way too close minded to see what this can become and only think about short term (gains).
Once people stop having dreams it's time to shut the door and leave.

⚪ Byteball     ❱❱❱     I T   J U S T   W O R K S .    ❱❱❱
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March 11, 2018, 06:10:00 PM
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 #17747

Quote
Again! What is wrong with holding a currency for long term? Holding (or saving) is as legimate a 'use' as spending (if you can find anywhere to spend it), exchanging, or gambling on a bot or whatever else one wants to do
nothing wrong with holding. But if you bought currency just for hold, don't be a girl when you lose all your investments. It was your choice, your risks, your money, your life

You are quite right my risk, my bad decision. Stupid me. I took the roadmap of distributions at face value. Regardless of that I am allowed an opinion on the matter. It is only because I care that I am taking the time to have my say.

   

OK thanks I wouldn't have known that. 


People call themselves investors, hence "so called". Receiving something for free doesn't make you an investor. Buying something for BTC or fiat that is given away for free doesn't make you an investor either. Still people insist they are investors. Holding a currency that noone uses yet isn't going to help adoption much, or is it?

It's indeed a dream, or vision if you will, of what Byteball could become in a few years. People are way too close minded to see what this can become and only think about short term (gains).
Once people stop having dreams it's time to shut the door and leave.

   

I don't really follow your argument about investors but I'll say this. The bytes that are given away for 'free', were also received by Tony for free. He didn't buy them. At the moment when they were generated they had no value. None. Not to take away from Tony's hard work and inspiration but that is the fact of it. Value came later in large part from the roadmap and peoples beliefs about what byteball might grow into. This is still the case and I subscribe that the value is decreasing now in large part because of the vision changing to a more centralised reality is being priced in and it has a lower value.

Imagine if some powerful dictator of bitcoin (which thankfully doesn't exist) deciding to add another 40% to the total number of bitcoins and instead of mining just pay them to hmself and decide how to spend them to increase the number of users? It doesn't sound good does it? The airdrops are a necessary evil to get out of the way so we can all get on with no longer giving a flying fuck about how they will be distributed because that will be history. He is not 'spending' them wisely he is giving every appearance of a dictator making bad decisions and not understanding why the network has value.

Call this girly whining if you want. Personally I think I deserve to have a seat on the board for telling it how it is.
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March 11, 2018, 06:27:58 PM
 #17748

Hello Guys,
I was a long time byteball holder, but the way Tonych demonstrated what negative effects centralization has, made me sell my 250 coins. He seems to be in his own space and he gives a shhhit what the community thinks. I turned to decentralized coins, and will never buy centralized crap like byteball again.
Bye community, and good luck to Tonych, I am not angry or anything, I just leave this crap gladly behind...
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March 11, 2018, 11:28:31 PM
 #17749

Hello Guys,
I was a long time byteball holder, but the way Tonych demonstrated what negative effects centralization has, made me sell my 250 coins. He seems to be in his own space and he gives a shhhit what the community thinks. I turned to decentralized coins, and will never buy centralized crap like byteball again.
Bye community, and good luck to Tonych, I am not angry or anything, I just leave this crap gladly behind...


The Byteball wallet and Jumio integration now works on iPhone (only iOS 11 onwards though).  We will try and submit this soon to Apple App Store, hopefully next week.

On March 9 Byteball founder and lead developer Tony Churyumoff delivered a workshop at the Blockchain Leadership Summit in Zurich, Switzerland. Tony’s workshop was entitled Byteball: Crypto Solutions for the Real World. The event was well attended with speakers from organizations such as IBM, Coinbase and UBS. Video will be included in a future email if available.

Slack user @Punqtured has been doing excellent work to help Byteball recently. Firstly he has taken a very proactive role in helping with the translation of the Byteball wallet into new languages. The current status of the translations can be viewed here. In the past week alone translations have been completed for Bosnian, Croatian, Hindi (Indian) and Turkish. This is super important as only around 13% of the world's population speaks English, and only about 5% of the world's population are native English speakers. Mass worldwide adoption is a major aim for Byteball, and having the wallet in as many major languages as possible is a big step in the right direction.   

@Punqtured also submitted this interesting proposal to Utopian.io suggesting Byteball as a possible solution to a major fraud problem the platform is currently experiencing. He stated:

I've spent this evening creating a suggestion for a platform called "Utopian". A Steem blockchain based social media project that rewards open source contributions. But their success has lead to them being flooded with attempts of fraud. I've been on their platform for a while (that's one of the ways, I find qualified translators) and therefore have seen their platform develop and seen the attempts they've made to pose new and stricter rules. The problem is, the genuine contributors have a harder and harder time until they turn their back to the project in the end, while the scammers learn pretty quickly and have an incentive to learn new ways to get their rewards (in Steem Dollars or "SBD")

The CEO of Utopian replied stating Byteball was being considered as a possibility. Fingers crossed! Examples of proposals for crypto solving current real world problems that fiat currencies can not are quite rare to find in the crypto world. Ideas are easy and plentiful, but step by step proposals much harder. The Byteball platform inspires creative thinking and proactive attitude!     

The Freebe Blackbytes Exchange crossed 100,000 GBB in total trade volume since launch just over 6 months ago. Remember, Blackbytes are the privacy coin of the Byteball platform. To maintain privacy, Blackbytes can only be bought and sold from within the Byteball wallet using P2P smart contracts.

A developer guide for accessing almost all functions of Byteball node via JSON-RPC was added to Github. Enabling developers to build their own applications for specific use cases is extremely important and will lead to adoption in a variety of areas.

The first Byteball Meetup in Milan will take place March 25. Milan is well known for a lot of shops, restaurants and B&B´s for accepting Bytes (the native currency of the Byteball Crypto platform) and other crypto currencies.

Finally, you will start to see more graphics on the Byteball Twitter feed such as this to remind and educate the crypto world on what Byteball is all about.

Questions about Byteball? Please ask them on the Byteball Subreddit, Telegram or Slack
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March 12, 2018, 03:27:49 AM
 #17750

I had the BTC - Byteball exchange bot "ignore" my deposit because it was "too small".  Admittedly, it wasn't a lot, but it was in the ballpark of 20USD at the time of the deposit.  The message was just "Received your payment of 0.059 GB it is too small to be exchanged, will be ignored.".

In my opinion, this is broken behavior.  If the amount is too small to exchange, send it back after some time, don't just confiscate the money..

Is there anyone I can talk to to get my money back?
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March 12, 2018, 04:11:52 AM
 #17751

I used the Freebe exchange http://freebe.byte-ball.com/
...Where is my money? How can they be returned?
Maybe try using their contact details as listed on their website... you will hopefully be able to talk directly to the devs/admins of the Freebe exchange...

Contact
Slack: https://byteball.slack.com
Channel: #freebe

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March 12, 2018, 01:30:02 PM
 #17752

Blackbytes Bytes Exchange BEEB is offering you 1,000,000 Bytes!

Buy and sell your BlackBytes on BEEB! - http://beeb-bot.com



Note: the following link can be claimed only once.

Here is your link to receive 1,000,000 Bytes: http://www.beeb-bot.com/textcoinclaim.php#textcoin?poverty-half-excite-bright-organ-lobster-sponsor-fresh-devote-antique-verb-dose

Byteball payment gateway for web merchants https://byteball-for-merchants.com/ - BEEB  (Blackbytes Exchange Bot): https://www.beeb-bot.com/ (closed)
Network map, stats, Top Richests and Byteball world map at https://byteball.fr/ (closed) - Hub operator featuring the cashback witness https://byteball-cashback-witness.com (closed)
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March 12, 2018, 01:50:40 PM
 #17753



 The event was well attended with speakers from organizations such as IBM, Coinbase and UBS. Video will be included in a future email if available.



Good news. Low profile is an achilles' heel of Byteball.  Any negotiation with them  planned after event?
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March 12, 2018, 01:51:02 PM
 #17754

Do you have Bounty program?
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March 12, 2018, 02:27:52 PM
 #17755

Hello Guys,
I was a long time byteball holder, but the way Tonych demonstrated what negative effects centralization has, made me sell my 250 coins. He seems to be in his own space and he gives a shhhit what the community thinks. I turned to decentralized coins, and will never buy centralized crap like byteball again.
Bye community, and good luck to Tonych, I am not angry or anything, I just leave this crap gladly behind...

I am just curious about your buy-in price. Do you get profit? Do you get the free coins?
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March 12, 2018, 03:24:18 PM
 #17756



https://ps.w.org/woobytes-gateway/assets/icon-256x256.jpg?rev=1731226


The brand new 1.1.0 version of the WooBytes plugin (the first wordpress woocommerce byteball gateway) has just been released.


Among the new features:

       
  • Automatically sends a notification email (with order details AND PAYMENT LINK) to customer as soon as the order is created (can be switched off on plugin settings page)
  • Added Byteball Bytes, KBytes, MBytes and GBytes as possible main currency for your e-shop (in Woocommerce / Settings / Currency options)
  • Added UI messages on the plugin settings page to enable better customization


Plugin page on wordpress repository

Feedbacks welcome !

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March 12, 2018, 09:21:34 PM
 #17757

I used the Freebe exchange http://freebe.byte-ball.com/
I placed an order to buy 30GBB.
A few days later the bot wrote to me:

"I just collected 320.34 MB from your contract (QNJBKHAWTNBYXFTUB5QVUDPXL45N5OZJ) and send it to your trade partner. You will receive 15320 MBB soon.
Remaining funds in your address: 309.748 MB. 10:57 PM
Hi there. I just send you 15320 MBB. Your order (Partial: QNJBKHAWTNBYXFTUB5QVUDPXL45N5OZJ) is completed now.
Thanks for using this service. "

Several days passed. The 15320MBB did not come to me. In a smart contract, I have 0.32GB left from 0.663GB. Where is my money? How can they be returned?

The bot operator has posted on Slack a solution for this issue:

Quote
Hey everyone, there have been reports of delayed blackbyte transactions. I am looking into this problem and am not sure whats causing the problem at the moment (there seems to be no problem with freebe sending the transactions). What seems to help is resending the transactions.So as a short term work-around i enabled every user to let freebe resend the users own transactions from the last 7 days. To do so you can simply type: */resendmy*
while i am working on the solution please keep me informed about delayed transaction (even if the workaround worked for you)

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Obyte Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
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March 13, 2018, 03:49:13 AM
 #17758

I've just come out of a coma and saw that gbyte has been dumped much harder than other alts.
Can someone shared some light on why this is the case? Did i miss some negative news?
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March 13, 2018, 03:58:21 AM
 #17759

byteball is good. even if the airdrop is cancelled, and there will come another airdrop, but is not as easy as before to getting free coins.

byteball has its own code from scratch.
has its main net and running.
has a good and responsible coder.
it is the dag mode.
it is wrote by node.js, will be integrated to web easily.
its app is also good to do chat and text coin.
it has contracts.
welhzh
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March 13, 2018, 04:58:18 AM
 #17760

byteball is good. even if the airdrop is cancelled, and there will come another airdrop, but is not as easy as before to getting free coins.

byteball has its own code from scratch.
has its main net and running.
has a good and responsible coder.
it is the dag mode.
it is wrote by node.js, will be integrated to web easily.
its app is also good to do chat and text coin.
it has contracts.



but, please remember, guys.
there is only one dev in this proj.
this is centralized coin because of witness owned by one person.
the decision and direction of this coin is managed by one person, and there is no sign and trend this person will listen to the community.
all are the price, if you hold large numbers of byteball, you must learn that you are only an ant,  the big elephant is the others especially ... , if the price comes up high and he sells before you, you will be let down.
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