Obyte: Totally new consensus algorithm + private untraceable payments

[LoyceV]

hi is the free byte still available to new wallets?

Yes, but it hasn't started yet.

[welhzh]

Steem attestation bot launched https://medium.com/byteball/introducing-a-bridge-between-byteball-and-steem-and-an-airdrop-548d7958b9e9
After attesting your Steem username, you can send/receive money to steem/username instead of a less user-friendly crypto address and receive privileges for high Steem reputation:

- The real name attestation bot offers a 30% discount to users with Steem reputation over 50;
- The “Buy Bytes with Visa or Mastercard” bot offers a 3% bonus of the purchased amount to users with Steem reputation over 50;
- The ICO bot includes an option to offer various levels of discounts depending on Steem reputation. It is up to individual ICOs to enable this option.

There is also an airdrop for Steem users, amounts depend on reputation.  Referrers receive the same rewards as newly attested users they refer.  Part of the reward is locked on a smart contract that vests in 1 year.

https://i.imgur.com/oCzEsLv.png

To use all that, you need to upgrade to wallet version 2.4.0 released today https://github.com/byteball/byteball/releases.

Other updates in this version:

* Spending unconfirmed funds
* Receiving textcoins before confirmation
* Restored the ability to send private assets between own wallets without going through textcoin files
* Fixed several bugs that could crash full wallets
* Fixed a bug in full wallets that could lead to loss of funds when trying to send a private textcoin and declining the save dialog
* Fixed a bug that sometimes prevented password-locked light wallets from starting
* Fixed weird display of one of initial screens in iPhone X
* Estonian translation, other translations improved

iOS version will be updated with some delay as it needs to be reviewed by Apple.

I am glad to hear that, it's a great progress. I am buying byteball now.

[yumic]

* Spending unconfirmed funds Can shorten the transfer time? I need to download a new client try.
It is expected that the decentralization of witnesses will proceed smoothly.
Decentralization and scalability problems will be solved.
We look forward to the massive and widespread use of byteball.

[ByteFan]

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Trade BlackBytes on BEEB! - https://beeb-bot.com



Note: the following link can be claimed only once.

Here is your link to receive 1,000,000 Bytes: https://www.beeb-bot.com/textcoinclaim.php#textcoin?festival-tip-execute-race-burst-brief-eternal-drama-hybrid-next-filter-insane

[Medairt]

Am super excited about this project. would be interested in details of what byte token really entails

[meterse]

We asked cryptocurrency newcomer Masha to use Byteball smart contracts to bet on the FIFA World Cup. Will she win? https://youtu.be/R1QzYLZf7wA

[StandingTall]

We asked cryptocurrency newcomer Masha to use Byteball smart contracts to bet on the FIFA World Cup. Will she win? https://youtu.be/R1QzYLZf7wA

Next on the agenda: we asked a newcomer to send an email - here's what happened.

[bcsuisse]

Hi,

I got excited about byteball and logged in to link steem and byteball.
now my byteball adress is in my brothers laptop. how can I log out again?

I remember that there was a button LOG OUT. i dont see that anymore

if anybody has a solution please help.

thanks

[meneerT]

Hi,

I got excited about byteball and logged in to link steem and byteball.
now my byteball adress is in my brothers laptop. how can I log out again?

I remember that there was a button LOG OUT. i dont see that anymore

if anybody has a solution please help.

thanks

just set a password and you are fine

[bcsuisse]

Hi,

I got excited about byteball and logged in to link steem and byteball.
now my byteball adress is in my brothers laptop. how can I log out again?

I remember that there was a button LOG OUT. i dont see that anymore

if anybody has a solution please help.

thanks

just set a password and you are fine

the problem is not that I dont trust my brother. I just want to logout. there is not way to do that? or wipe the wallet?

[cryptohunter]

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.

You're correct, nominally 12% not 22%, but even so I don't think it's possible to have a legitimate currency where one entity is controlling 10% of the entire supply. This is a major issue for zcash and others, imo, and for a long time even cast a shadow over Bitcoin wrt Satoshi estimated to hold 5% of ultimate supply (though I think it's fairly widely believed that those coins will never move now).

Even 1% as originally proposed is massive. This would be equivalent to someone holding like $50 trillion USD. Five or ten percent or higher is just impossible to be taken seriously as a legitimate worldwide monetary system. I know it might not seem like it based on the mania of last year, but imo there little chance such a centralized system can be seen by most as anything but a money grab or Ponzi.

12% isn't so bad in comparison to 90% of the icos and most of the top 50 in the cmc.
If there is a ledger for full spends and use for development and keeping the dev incentivised that would be okay i think. By the time BB gets any kind of adoption or value then that will be reduced dramatically I would hope to a sensible level.


I think the entire distribution here was a mess so let's just get it over asap and move forward. I would rather they have development funds to keep it all going than lose interest and leave it to die. It is one of the projects with some real development taking place so I'm trying to stay positive about it all.





 

[tuanbct95]

https://i.imgur.com/5Xcxr9e.png

We asked cryptocurrency newcomer Masha to use Byteball smart contracts to bet on the FIFA World Cup. Will she win? https://youtu.be/R1QzYLZf7wA

Betting football matches, in particular the World cup Final Match, using Byteball and its smart contracts.
Great platform!

[bcsuisse]

Hi,

I got excited about byteball and logged in to link steem and byteball.
now my byteball adress is in my brothers laptop. how can I log out again?

I remember that there was a button LOG OUT. i dont see that anymore

if anybody has a solution please help.

thanks

just set a password and you are fine

figured it out. had to delete the folder which was stored.
the payment I had sent is unconfirmed for several hours, is byteball network slow at the moment?

[CryptKeeper]

Hi,

I got excited about byteball and logged in to link steem and byteball.
now my byteball adress is in my brothers laptop. how can I log out again?

I remember that there was a button LOG OUT. i dont see that anymore

if anybody has a solution please help.

thanks

just set a password and you are fine

figured it out. had to delete the folder which was stored.
the payment I had sent is unconfirmed for several hours, is byteball network slow at the moment?

Yes, the network is very slow at the moment, the chief developer is looking into it!

[Wekkel]

The Steemit Attestation Bot seems down (nothing happens when adding the bot)?

[dave_bbp]

Hi all. I have 2 small questions:
1. Apparently IBM finally came to terms regarding the WCG stats (https://www.worldcommunitygrid.org/forums/wcg/viewthread_thread,40876_offset,130). Are there any plans yet to resume the Byte distribution for WCG?

2. I had a bet placed on the football world championship semi-final. Now for more than 2 days I cannot redeem the winning contract. As soon as I hit "send" it doesn't really do anything but wait and sometimes synchronize and eventually gives "[internal] response timeout".
Is this also related to the extremely slow network at the moment or is there an additional problem with the betting bot?

[LoyceV]

Yes, the network is very slow at the moment, the chief developer is looking into it!

Yesterday, I (finally) upgraded my old wallet to the latest version, but now I can't make any transaction. After a long time, I get this:

Code:

[internal] response timeout

[lettet9879]

If the giveaway is end,Byteball would face criticism from steemians and it could lead very bad for byteball..I think 1% steemians registered with byteball

[jjacob]

What do you think after looking at the following chart?
https://coinmarketcap.com/currencies/byteball/
Is it stimulating your greedy instinct a bit?  

of course, each investor has personal glance, and different decision, I have simply gave you a hint on Byteball price chart.

It does look like there is potential. But almost all altcoins are trading at levels way below their all time highs. A lot of people believe that Byteball has potential; it definitely has seen a lot of development, but for some reason the price just doesn't take off.

[CryptoRobert]

What do you think after looking at the following chart?
https://coinmarketcap.com/currencies/byteball/
Is it stimulating your greedy instinct a bit?  

of course, each investor has personal glance, and different decision, I have simply gave you a hint on Byteball price chart.

It does look like there is potential. But almost all altcoins are trading at levels way below their all time highs. A lot of people believe that Byteball has potential; it definitely has seen a lot of development, but for some reason the price just doesn't take off.

I guess that the main reason is that the distribution is not completed yet. In this phase whales are probably slowly accumulating, but they wouldn't pump the price with so many indistributed coins in dev's hands. Generally speaking, big speculations over coins not entirely distributed could turn out being more dangerous than with fully distributed coins. Just my humble guess.