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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1161420 times)
meterse
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July 09, 2018, 11:31:24 PM
 #19561



Smart contract anonymous sports betting tool BB Odds https://bb-odds.herokuapp.com/ reviewed by Milan Horvath, Byteball Community Manager.

https://youtu.be/dnndKjI3pWc
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July 10, 2018, 03:15:46 PM
 #19562


Smart contract anonymous sports betting tool BB Odds https://bb-odds.herokuapp.com/ reviewed by Milan Horvath, Byteball Community Manager.

https://youtu.be/dnndKjI3pWc

I staked 50MB for France winning. Let's see how this plays out!

Chancellor on brink of second bailout for banks
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July 10, 2018, 04:25:16 PM
 #19563

an i have a security concern with backbytes.

it could be a problem that it is possible the see if a blackbyte messages has been claimed or not. if somebody is able to find out at which time i claim the coins this could be a problem. this could be find out be just waiting and checking the status.
this is to much information for people that want the maximum possible security.


blackbytes are sent as digital files p2p. its not possible to check if claimed or not

thats not true. i sent backbytes between my devices /wallets and i could see if it was claimed or not.

that why I think it is a security breach. too much metadata is visible.

Am I spamming? Report me!
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July 10, 2018, 04:28:11 PM
 #19564

thats not true. i sent backbytes between my devices /wallets and i could see if it was claimed or not.
Of course you can see that, but that's also all you can see. The DAG only stores a hash that stops you from sending the same Blackbytes again.
You may be interested in this: Byteball: Blackbytes FAQ.

@ChainSmoker
Think of Blackbytes as a post-it handed to you by the previous owner. The post-it says: "ChainSmoker is now the new owner". Together with handing you the post-it, the DAG registers that the previous owner is no longer the owner of these Blackbytes. The DAG does not register that you received the post-it.
Now, if you lose this post-it, the previous owner can simply give you another post-it that says: "ChainSmoker is now the new owner". *
If you want to give your Blackbytes to someone else, your post-it contains all the information you need to create a new valid post-it for the receiving user, and to register the change of ownership in the DAG.

I think giving Tonych your address (and asking politely) is enough. Resending means sending the same transaction again, you'll receive the exact same Blackbytes again.
The sending wallet can click "re-send private payloads" from the transaction history:


I really recommend to try the features Byteball has, create another wallet and send some money around.

* Comment needed on this analogy: does it help explain how Blackbytes work?

Very good analogy!

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July 10, 2018, 05:34:55 PM
 #19565

Marketing and PR has been lagging behind, that's absolutely obvious, but that too is being addressed and a rapidly growing team is the clear evidence of things looking brighter for Byteball's future. Whether it will fulfill your dreams of Lamborghinis and yachts is doubtful, but I have faith in this platform bringing positive change to people's lives and businesses.
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July 10, 2018, 05:48:19 PM
 #19566

thats not true. i sent backbytes between my devices /wallets and i could see if it was claimed or not.
Of course you can see that, but that's also all you can see. The DAG only stores a hash that stops you from sending the same Blackbytes again.


yes, thats all you can see. but maybe this is enough to know the claiming-time. you know when the receiver is online because he/she just claimed the coins.

thats why i think this should be avoided if it is possible.

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July 10, 2018, 08:03:32 PM
 #19567


Smart contract anonymous sports betting tool BB Odds https://bb-odds.herokuapp.com/ reviewed by Milan Horvath, Byteball Community Manager.

https://youtu.be/dnndKjI3pWc

I staked 50MB for France winning. Let's see how this plays out!

You can payout after 6 hours  Wink france win

⚪ 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
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July 10, 2018, 10:48:58 PM
Merited by LoyceV (1)
 #19568

The Future of Byteball — The Byteball Foundation
Suirelav
Crypto enthusiast, Byteball Core Team

https://medium.com/byteball/the-future-of-byteball-the-byteball-foundation-cca9d495bf46

Roadmap



Long term vision / short term focus

We will publish a long term strategic plan including the most important milestones within the coming months as well. There are two important areas we will put most effort into short term, user acquisition and decentralization:
Adoption through educated trial and error
There’s one thing you can be sure of, we will keep trying new methods to gain users for our platform. There is no clear path that we must take. This means that we will iterate a lot and improve through educated trial and error.

50% of Witnesses decentralized before January 1st 2019
Perhaps most important of all, we are going to finally decentralize the network. This is a must if we want to seriously compete in the tokenization of assets field that is going to become the next crypto battlefield. Our goal is to have at least half of the witnesses in the hands of people other than Tony before the end of the year.

⚪ 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
ANN THREAD          TELEGRAM          TWITTER          MEDIUM          SLACK          REDDIT
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July 10, 2018, 11:35:04 PM
 #19569

The Future of Byteball — The Byteball Foundation
Suirelav
Crypto enthusiast, Byteball Core Team

https://medium.com/byteball/the-future-of-byteball-the-byteball-foundation-cca9d495bf46
...
Long term vision / short term focus

Our goal is to have at least half of the witnesses in the hands of people other than Tony before the end of the year.

Excellent. This lack of decentralization is likely byteball's greatest weakness. You're finally addressing it head-on. Thank you.

However, there is a distinct lack of 'showing your work' between 6th Witness spun out and Full Decentralization. Isn't the witness count 12? Looks like you have another 5 Witness spin outs to go before tonych is down to a single Witness - which would be the minimum criteria for Witness decentralization.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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July 11, 2018, 01:47:26 AM
 #19570


Smart contract anonymous sports betting tool BB Odds https://bb-odds.herokuapp.com/ reviewed by Milan Horvath, Byteball Community Manager.

https://youtu.be/dnndKjI3pWc

I staked 50MB for France winning. Let's see how this plays out!

You can payout after 6 hours  Wink france win

I got the payment. Thank you very much!

Can't the payout time be shortened? Waiting for 6 hrs to receive payment is a bit frustrating. It would be great if the payment could be received in 10-15 minutes after the game concludes. User experience would be even better.


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July 11, 2018, 07:06:18 AM
 #19571

The Future of Byteball — The Byteball Foundation
Suirelav
Crypto enthusiast, Byteball Core Team

https://medium.com/byteball/the-future-of-byteball-the-byteball-foundation-cca9d495bf46

Roadmap



Long term vision / short term focus

We will publish a long term strategic plan including the most important milestones within the coming months as well. There are two important areas we will put most effort into short term, user acquisition and decentralization:
Adoption through educated trial and error
There’s one thing you can be sure of, we will keep trying new methods to gain users for our platform. There is no clear path that we must take. This means that we will iterate a lot and improve through educated trial and error.

50% of Witnesses decentralized before January 1st 2019
Perhaps most important of all, we are going to finally decentralize the network. This is a must if we want to seriously compete in the tokenization of assets field that is going to become the next crypto battlefield. Our goal is to have at least half of the witnesses in the hands of people other than Tony before the end of the year.
Byteball Foundation, what a amazing, ambitious plan!
I think Byteall Foundation is very promising, and can get more investors to Byteball project.

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July 11, 2018, 01:38:51 PM
 #19572

One thing that comes to mind directly is that waiting until 2019 Q2 for scaling improvements is too long for at least two reasons. One: new users always ask about tx speed, tx per second, space requirement, etc and at this moment these metrics are unattractive and will scare off most people
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July 11, 2018, 01:51:42 PM
 #19573

Byteball Foundation is one of the greatest project of Byteball this year.
I hope that the foundation will get massive supports from community, donators, etc.
Best regards to Byteball project,

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European Central Bank
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July 11, 2018, 06:43:40 PM
 #19574

The Future of Byteball — The Byteball Foundation
Suirelav
Crypto enthusiast, Byteball Core Team

https://medium.com/byteball/the-future-of-byteball-the-byteball-foundation-cca9d495bf46

good read. i appreciate the honesty.

an absolute ton of progress would not have been squandered if a couple of painfully obvious things had been implemented.

one was signalling the change of distribution method much further ahead and offering an immediate alternative. distribution, no matter what the method, needs clarity and decisiveness or tons of people will walk away. where would bitcoin be if satoshi had decided to delete the block reward and think it over for a few months?

the second is addressing that old unit bias thing.

both were free and involved little to no actual effort. this project would've been much further along by now had they happened.

i hope some lessons have been learnt.
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July 11, 2018, 11:44:41 PM
 #19575

Wow, its a good news! I see evolution here  Cheesy
Can't wait when decentralization and scalability problems will be solved.

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July 12, 2018, 12:29:09 AM
 #19576

So go from a premine of nominally 1% to 22+% and commit to giving up control of 50% of network control (except probably at least one or two controlled by foundation which is de facto same people running network now). Wow. Such decentralization!
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July 12, 2018, 12:41:53 AM
 #19577

So go from a premine of nominally 1% to 22+% and commit to giving up control of 50% of network control (except probably at least one or two controlled by foundation which is de facto same people running network now). Wow. Such decentralization!
Yep. No idea what they're trying to accomplish here anymore

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July 12, 2018, 10:48:32 AM
 #19578

So go from a premine of nominally 1% to 22+% and commit to giving up control of 50% of network control (except probably at least one or two controlled by foundation which is de facto same people running network now). Wow. Such decentralization!

22%?

The breakdown is now as follows:
67,2% Distributed, of which reserved (in % of total supply)
1% Tony (BZUAVP5O4ND6N3PVEUZJOATXFPIKHPDC)
1% First 100M users (TUOMEGAZPYLZQBJKLEM2BGKYR2Q5SEYS)

32,8% Undistributed (MZ4GUQC7WUKZKKLGAS3H3FSDKLHI7HFO), of which reserved (in % of total supply):
20,5% Several distribution methods (cashback, attestation rewards, textcoins, etc.)
11% Foundation funding (spent over 36 months, but hopefully lasts much longer than that)
1,3% Long term motivation plan (we don't want these foundation members to give up)

Decentralization of 11 out of 12 witnesses was always the plan, but it's not as easy as it seems. Neither is mass adoption. To achieve our ambitious goals we need a foundation with enough funding to make it happen. In the article we try to explain our reasoning behind this decision. If you have any questions or other remarks please share them.


⚪ Byteball     ❱❱❱     I T   J U S T   W O R K S .    ❱❱❱
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July 12, 2018, 12:08:39 PM
 #19579

Bringing smart contracts and betting to esports is definitely a great move.
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July 12, 2018, 12:51:48 PM
 #19580

So go from a premine of nominally 1% to 22+% and commit to giving up control of 50% of network control (except probably at least one or two controlled by foundation which is de facto same people running network now). Wow. Such decentralization!

22%?

The breakdown is now as follows:
67,2% Distributed, of which reserved (in % of total supply)
1% Tony (BZUAVP5O4ND6N3PVEUZJOATXFPIKHPDC)
1% First 100M users (TUOMEGAZPYLZQBJKLEM2BGKYR2Q5SEYS)

32,8% Undistributed (MZ4GUQC7WUKZKKLGAS3H3FSDKLHI7HFO), of which reserved (in % of total supply):
20,5% Several distribution methods (cashback, attestation rewards, textcoins, etc.)
11% Foundation funding (spent over 36 months, but hopefully lasts much longer than that)
1,3% Long term motivation plan (we don't want these foundation members to give up)

Decentralization of 11 out of 12 witnesses was always the plan, but it's not as easy as it seems. Neither is mass adoption. To achieve our ambitious goals we need a foundation with enough funding to make it happen. In the article we try to explain our reasoning behind this decision. If you have any questions or other remarks please share them.




good, I am glad to see what will happen to byteball.
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