Obyte: Totally new consensus algorithm + private untraceable payments

[Bannedseller]

Quietly potential Should I invest a little bit?

This project BYTEBALL is a hidden germ. They just need to do some marketing:They just hires first PR agency (see above)...

[nhathongkehoc]

As I understand it, ripple XRP were 100% premined and 60% are still hodl'd by the creators. With byteball it was 100% premined and I think 35% are currently hodl'd by creator. So yes quite similar. But byteball not quite as bad. And Tony (byteball creator) still as far as I know 'promising' to distribute all in ways judged to increase the amount of byteball users. (however the timescale for distribution is unknown).

Thanks. 35% premined hold by tonych, the rest will be distributed completely somehow. It is still better than Ripple. The project has good features which can change the mining industry, and with plans for distribution 65% premined, I hope Byteball will have appropriate marketing campaigns to attract as many investors as possible.

[CryptKeeper]

Ethereum for sophistication, Byteball for clarity
https://byteball.org


Please retweet https://twitter.com/byteballorg/status/984088260854075392?s=21

[nguyenthithuken]

Hi dev, I used the private key to sync the wallet my mobile to my computer but it didn't sync. I don't know how to sync. Please everybody know about this issue help me! Thanks

[phanphanphuyen]

< image snipped >


Ethereum for sophistication, Byteball for clarity
https://byteball.org


Please retweet https://twitter.com/byteballorg/status/984088260854075392?s=21

Yeah, simplicity is the best, as Tony stated via his signature. No block, no chain, non-DAG algorithm, textcoin (no need available wallet to send coins to receivers). Lots of breaking features in Byteball specifications.
I support Byteball and hope someday this one will become greater than Ethereum.

[sailthor]

< image snipped >


Ethereum for sophistication, Byteball for clarity
https://byteball.org


Please retweet https://twitter.com/byteballorg/status/984088260854075392?s=21

Yeah, simplicity is the best, as Tony stated via his signature. No block, no chain, non-DAG algorithm, textcoin (no need available wallet to send coins to receivers). Lots of breaking features in Byteball specifications.
I support Byteball and hope someday this one will become greater than Ethereum.

Read up more, your info is incorrect

[tyz]

What would interest me in general about byteball, when are the witnesses chosen or determined? As far as I know (and so it is in the white paper) Tony and/or the admins are still controlling the nodes. Thus, Byteball is currently centralized to my understanding. Is there a roadmap to when the witnesses should be determined?

[Wekkel]

I love these short and simple Ad-banners.

[xlcus]

I love these short and simple Ad-banners.

What are you talking about, m8? Looks like spamming thread.

Looking at his signature of DeepOninion. You will know well that he is spamming his scam.

[fabi90]

What if Byteball goes from negligible fees to no fees? Then it will be on par with IOTA and Nano. These three coins (and their their successor DAG coins) will then dominate the entire cryptocurrency space!

[meterse]

What if Byteball goes from negligible fees to no fees? Then it will be on par with IOTA and Nano. These three coins (and their their successor DAG coins) will then dominate the entire cryptocurrency space!

Let me quote the founder and lead developer once again:

About the fees. We want a system that is fair as much as possible, and doesn’t bleed resources to the outside world such as what PoW does, and still protects against spam. We don’t want a fee market and uncertainty that it brings, we want a fee that is known for certain. And fair means that the fee is proportional to the amount of resources consumed from the peers.

The simplest way to satisfy all these criteria is to set the fee equal to the transaction size in bytes. That simple. This also gives the natural name to the native currency: byte. You pay 1 byte of the currency to store 1 byte of transaction data.

Having no fees at all means less security and no spam protection.

[meterse]

Read the latest Byteball email newsletter: buy bytes using visa and mastercard plus two new grants accepted https://mailchi.mp/d4e199de62b3/buy-bytes-using-visa-and-mastercard-plus-two-new-grants-accepted

[tyz]

You can not compare Ripple and Byteball. Neither the technology nor the distribution. It is like comparing bears and apples. Ripple has a horrible distribution. Some months ago I read this post on Reddit covering Ripple's distribution. It shows all the madness.
https://www.reddit.com/r/Ripple/comments/7pr341/xrp_distribution/

As I understand it, ripple XRP were 100% premined and 60% are still hodl'd by the creators. With byteball it was 100% premined and I think 35% are currently hodl'd by creator. So yes quite similar. But byteball not quite as bad. And Tony (byteball creator) still as far as I know 'promising' to distribute all in ways judged to increase the amount of byteball users. (however the timescale for distribution is unknown).

[tonych]

We've got our first fiat on-ramp https://medium.com/byteball/buying-bytes-with-visa-or-mastercard-d8ee2d1a2b07. 

After passing the real-name attestation, it is now possible to buy Bytes with Visa and Mastercard with a low fee.  The fee is partially subsidized from undistributed funds.

[jjacob]

We've got our first fiat on-ramp https://medium.com/byteball/buying-bytes-with-visa-or-mastercard-d8ee2d1a2b07.  

After passing the real-name attestation, it is now possible to buy Bytes with Visa and Mastercard with a low fee.  The fee is partially subsidized from undistributed funds.

The 3% net commission does seem to be too high, but of course if you look at the 20% charge when buying from Indacoin directly, it is low.  Restricting the reward per user to $100 is not bad, because nobody is going to buy thousands of dollars worth of Byteball using this method.
But I wonder how many new users this method would attract to Byteball? Not too many, if you are a jumio-attested user already.

[rty]

We've got our first fiat on-ramp https://medium.com/byteball/buying-bytes-with-visa-or-mastercard-d8ee2d1a2b07. 

After passing the real-name attestation, it is now possible to buy Bytes with Visa and Mastercard with a low fee.  The fee is partially subsidized from undistributed funds.

Bot "Buy bytes with Visa or Mastercard"
don't work
"No profiles matching the request criteria"

Real name attestation bot:
"You were already attested at 2018-02-22. Attest again?"

[European Central Bank]

The 3% net commission does seem to be too high, but of course if you look at the 20% charge when buying from Indacoin directly, it is low.  Restricting the reward per user to $100 is not bad, because nobody is going to buy thousands of dollars worth of Byteball using this method.
But I wonder how many new users this method would attract to Byteball? Not too many, if you are a jumio-attested user already.

look at how much changelly put on top of the price when it was available. sometimes it was double. this isn't too far off the norm.

it's a great boon. very few projects have this availability, especially in wallet.

[tonych]

We've got our first fiat on-ramp https://medium.com/byteball/buying-bytes-with-visa-or-mastercard-d8ee2d1a2b07. 

After passing the real-name attestation, it is now possible to buy Bytes with Visa and Mastercard with a low fee.  The fee is partially subsidized from undistributed funds.

Bot "Buy bytes with Visa or Mastercard"
don't work
"No profiles matching the request criteria"

Real name attestation bot:
"You were already attested at 2018-02-22. Attest again?"

Do you have all these fields in your profile: first name, last name, country, date of birth, ID number, ID type?

[cryptohunter]

We've got our first fiat on-ramp https://medium.com/byteball/buying-bytes-with-visa-or-mastercard-d8ee2d1a2b07. 

After passing the real-name attestation, it is now possible to buy Bytes with Visa and Mastercard with a low fee.  The fee is partially subsidized from undistributed funds.

this looks excellent

[StandingTall]

I'm not impressed. I don't see a point in this. If you have a visa/mastercard card, you have a bank account. If you have a bank account, you can just wire money on an exchange and buy bytes with reasonable 1-3% fee. Instead of working with high volume exchanges to list bytes, Tonych and team developed this rather bizarre way of buying bytes heavily subsidizing a private company in the process with undistributed funds.

Tell me what's so cool about it?