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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1168597 times)
afbitcoins
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May 30, 2018, 03:08:17 PM
 #19141

GBYTEBTC chart with 1day candles



This looks like a good area for the bottom. Bitcoin rising vs fiat helps because all alts become more buoyant too in that environment. 

First rising trendline didn't hold but next one looks more solid. Divergence between RSI and price with lower low not reflected on RSI. Also RSI looks oversold on this scale.
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May 30, 2018, 06:44:43 PM
 #19142

We have not received WGC tokens and bytes for more than a week. Will the coins earned in the meantime be reimbursed later when the token from WorldGridCommunity was received? Regardless of this, I will continue to participate. I'm only interested.
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May 30, 2018, 07:05:27 PM
 #19143

https://www.newsbtc.com/2018/05/23/look-no-3-icos-watch-q2-2018/
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May 30, 2018, 07:33:50 PM
 #19144

Another bot added to the Bot Store:

Private chat room bot

This chatbot allows several persons to chat together using the Byteball messaging system. The bot decrypts messages and relays them to other users after reencryption. For best privacy, run your own instance of this bot using the source code below, any cheap VPS is enough to host it.

Developer: Papabyte, https://github.com/Papabyte/Private-chat-room


Very nice, thank you for this feature.
In next time i try it with my own server.

⚪ Byteball          I T   J U S T   W O R K S .  
Sending Crypto to Email   -   Risk-Free Conditional Smart Payments   -   ICO Platform with KYC
Weekly Draw! Win every week 200 Gigabytes (~5000$) Join here: https://steemit.com/byteball/@altcoinb
Freefactomizer
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May 30, 2018, 08:50:15 PM
 #19145

We have not received WGC tokens and bytes for more than a week. Will the coins earned in the meantime be reimbursed later when the token from WorldGridCommunity was received? Regardless of this, I will continue to participate. I'm only interested.

Yes. When the bot will have access to stats again, it will take into account the points earned while stats were unavailable.

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Byteball Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
barto123
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May 30, 2018, 10:58:50 PM
 #19146

Yes I have this same issue with WCG, just contacted them about it. I'll let you know what their response is. My only thought is that they want to pay less frequently...

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May 31, 2018, 01:25:10 AM
Merited by jjacob (1), klarki (1)
 #19147

Yes I have this same issue with WCG, just contacted them about it. I'll let you know what their response is. My only thought is that they want to pay less frequently...
You haven't been reading the thread lately have you? It's been mentioned several times what the issue is.

It's all related to the European Union's GDPR ("Global Data Protection Regulation") that came into recently. As a result of this, the WCG is unable to release the API data to organisations that have not signed an agreement to operate within the bounds of the GDPR etc.

Unfortunately, the WCG were VERY slow... And didn't get their agreement set up (ie. Approved by lawyers etc) prior to the GDPR coming into effect... So there was literally no way for ANY organisation to actually sign the agreement! Roll Eyes

The result of this is that, currently, the Byteball WCG team have no way to access the API to determine how much work has been completed by individual team members and therefore, how much they need to pay out.

Once WCG get their shit together... And allow the Byteball WCG team to sign an agreement... The Byteball team will once again be able to access the data (no doubt this will be dependent on the the individual team members "opting-in"). Once they have the data, they will be able to do the calculations and distribute bytes.

It's not a matter of Team Byteball not wanting to pay (or pay less often)... It's simply that they cannot access the data to work out how much to pay because WCG messed up. Undecided

TLDR; WCG messed up => No API data available for Team Byteball => no payments for participants.

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May 31, 2018, 01:51:57 AM
 #19148

Any bounty for translation?
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May 31, 2018, 04:36:22 AM
 #19149

It is so sad that nobody realizes the potential of Byteball, and most people go for the 'hyped' ICO coins which may or may not give out multiple folds of returns. Nobody realizes that Byteball had probably the fairest distribution in the history of the crypto world. I would very much like to see this succeed.
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May 31, 2018, 06:09:33 AM
 #19150

I have sent Gbytes for 6 hours and the process is still unconfirmed. does this have the same issue?

This is the first time I made a deposit in Gbytes android app.
Your help will be greatly appreciated. thanks .
Byteball wallet in Bittrex has been under maintenance.
Hope that Bittrex will finish and enable transactions of Byteball in their platforms soon.



no worries, it is back to normal, deposits and withdrawals can be done again!
usually maintenance on bittrex is done in a timely fashion.
happy trading! Smiley
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May 31, 2018, 07:31:44 AM
 #19151

Byteball is interesting in features it enables but we should not forget its sins:

- the Byteball system is essentially a shared database between 12 witnesses and the rest of nodes
- it is a trusted system - you need to trust that witnesses behave honestly and are not colluding to form a cartel
- it is easily susceptible to hostile takeover. A rogue third party only needs to take control over 11 witnesses which is rather easy at government/court/police gunpoint
- for that reason the entire system can be shut down at any time

Chancellor on brink of second bailout for banks
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May 31, 2018, 07:33:44 AM
 #19152

Yes I have this same issue with WCG, just contacted them about it. I'll let you know what their response is. My only thought is that they want to pay less frequently...
You haven't been reading the thread lately have you? It's been mentioned several times what the issue is.

It's all related to the European Union's GDPR ("Global Data Protection Regulation") that came into recently. As a result of this, the WCG is unable to release the API data to organisations that have not signed an agreement to operate within the bounds of the GDPR etc.

Unfortunately, the WCG were VERY slow... And didn't get their agreement set up (ie. Approved by lawyers etc) prior to the GDPR coming into effect... So there was literally no way for ANY organisation to actually sign the agreement! Roll Eyes

The result of this is that, currently, the Byteball WCG team have no way to access the API to determine how much work has been completed by individual team members and therefore, how much they need to pay out.

Once WCG get their shit together... And allow the Byteball WCG team to sign an agreement... The Byteball team will once again be able to access the data (no doubt this will be dependent on the the individual team members "opting-in"). Once they have the data, they will be able to do the calculations and distribute bytes.

It's not a matter of Team Byteball not wanting to pay (or pay less often)... It's simply that they cannot access the data to work out how much to pay because WCG messed up. Undecided

TLDR; WCG messed up => No API data available for Team Byteball => no payments for participants.

Argh I see, makes sense. I shouldv'e probably looked further into it.

Are you still bothering to run your WCG software in the mean time, or you just holding off?

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May 31, 2018, 08:03:38 AM
 #19153

Byteball is interesting in features it enables but we should not forget its sins:

- the Byteball system is essentially a shared database between 12 witnesses and the rest of nodes
- it is a trusted system - you need to trust that witnesses behave honestly and are not colluding to form a cartel
- it is easily susceptible to hostile takeover. A rogue third party only needs to take control over 11 witnesses which is rather easy at government/court/police gunpoint
- for that reason the entire system can be shut down at any time


You don't need to trust witnesses since you can check by yourself that they behave honestly.
You forgot that a witness that feels threatened can transfer its duty to another entity in a matters of minutes using an address definition change.
You forgot that users can decide which witnesses to use and revoke any witness that would be compromized.

🏀 - ⚾ - ⚽ - ❄ - 🏈 -  Byteball Sport Betting Bot - 🏀 - ⚾ - ⚽ - ❄ - 🏈
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May 31, 2018, 08:05:17 AM
 #19154

nteresting project with new distribution system. if anyone holding a lots of btc,he'll receive a big share of BYTEBALL Cheesy
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May 31, 2018, 11:11:55 AM
Last edit: May 31, 2018, 11:50:22 AM by StandingTall
 #19155

Byteball is interesting in features it enables but we should not forget its sins:

- the Byteball system is essentially a shared database between 12 witnesses and the rest of nodes
- it is a trusted system - you need to trust that witnesses behave honestly and are not colluding to form a cartel
- it is easily susceptible to hostile takeover. A rogue third party only needs to take control over 11 witnesses which is rather easy at government/court/police gunpoint
- for that reason the entire system can be shut down at any time

You don't need to trust witnesses since you can check by yourself that they behave honestly.

And what I and all users can do with misbehaving witness that formed a cartel?


You forgot that a witness that feels threatened can transfer its duty to another entity in a matters of minutes using an address definition change.

How about witness that doesn't have time to "feel threatened". Do you think government or any hostile party will reveal its intensions by notifying the witness so he can "feel threatened" and "transfer its duty"? That's just laughable.

Remember this: https://en.wikipedia.org/wiki/Liberty_Reserve

Bitcoin only exists because it can't be shut down. That's the whole point behind PoW system. Nobody has come up with anything equally resilient to takeover and not consuming so much energy. But it is well spent energy. Any PoS system devised so far is susceptible to being shut down with any charges that powers that (should not) be can concoct. Doesn't "money laundering and operating an unlicensed financial transaction system" sound good as a pretext to preserve the power and control over money system? Liberty Reserve operated unabated as long as it became to big and popular to allow it to function further. Once that happens any centralised system will be shut down right away.

You forgot that users can decide which witnesses to use and revoke any witness that would be compromized.
That's plain wrong. Users can decide to change ONLY ONE witness. If witnesses form a cartel you can't change more than one which means that you can't force misbehaving witnesses out at all. In this scenario users can only fork the entire system or make "a schism" like it's described in the white paper.

Please keep the discussion on the fact based opinions.

Chancellor on brink of second bailout for banks
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May 31, 2018, 12:00:03 PM
 #19156

hi, I need help. I sent bytes from one wallet to another and the bytes never arrived. what should I do?
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May 31, 2018, 05:50:00 PM
Last edit: May 31, 2018, 06:08:32 PM by Alcibiades Agnes
 #19157

I hope byteball team keep the momentum in Venezuela.

Venezuela Byteball is with you!

"We don't know what the hottest crypto project in South America is, but at the Simón Bolívar University in Venezuela it might be Byteball! 6,000 email addresses attested in one week as part of the first ever Byteball "

https://twitter.com/ByteballOrg/status/1002225449739661312/photo/1?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fcoinmarketcap.com%2Fcurrencies%2Fbyteball%2F

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May 31, 2018, 10:18:17 PM
 #19158

and there has to be found new ways to distribute the remaining coins.
are there new ideas that hasn't be talked about yet?
or why not just burn them?

I would prefer to see them burned. We don't need more dilution. I just dont see the coins doing enough in advertising and enticing new investment to balance out another 30% dumped on the market to flippers.

shame because one of the best projects out there technically.


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May 31, 2018, 11:28:47 PM
 #19159

I tried to sell some GBB there via Chat-Bot, and have already made the payment. but nothing happened. my balance is still the same, why is this so?
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June 01, 2018, 06:22:19 AM
 #19160

I tried the Altcoin Byteball Exchange Bot yesterday but no luck in having my funds swapped. Any news?

I am not interested in preserving the status quo; I want to overthrow it. Niccolò Machiavelli
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