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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1165552 times)
CryptKeeper
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August 16, 2018, 05:37:27 AM
 #19881

Will this really work, untraceable payment.

Blackbytes are real! The coins are sent peer-to-peer, not visible on the public ledger.

Read more about it here https://wiki.byteball.org/Blackbytes

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
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bottacoin
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August 16, 2018, 09:02:18 AM
 #19882


*** More than 1000 GB traded on BinaryBalls ***

Global trading stats since launch date of 2017-11-13 :

       
  • Contracts made: 19986
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And special congratulation to our 3 best rush traders !

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Will YOU manage to be on the best rush traders list ?

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BinaryBalls.com
1st Binary Options Trading Platform with Byteball Bytes

Guffy
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August 16, 2018, 10:22:24 AM
 #19883

What a scam gbyte red even when the whole market green

ok, than leave this scam thread and buy doge Wink
Good idea bro, if do not take into account the fact that i bought byteball at 0.3 btc Grin  There left 0.004 btc from 0.2 invested. Do not thin that this dust will suffice even to pay the commission)
meterse
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August 16, 2018, 03:43:07 PM
 #19884



CryptKeeper
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August 16, 2018, 03:55:45 PM
 #19885

Blackbytes are real! The coins are sent peer-to-peer, not visible on the public ledger.

Read more about it here https://wiki.byteball.org/Blackbytes
Thank you for the given helpful link to Blackbytes of byteball.
I gonna discover more about blackbytes later today.
It is my first time to know about black byte, so it is very interesting to find out how it different than bytes.

DM me if you want some Blackbytes to play with!

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
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August 16, 2018, 04:16:45 PM
 #19886

Isn't almost every coin on the above infographic using per kB fees? How is that not "directly proportional to space used on ledger"?

Also, the stupid meme about proof of work being some massive waste of energy is stupid. It's more akin to converting excess energy to stored value (bitcoin) rather than letting it burn off as waste heat.
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August 16, 2018, 04:35:24 PM
Last edit: August 16, 2018, 04:48:25 PM by Guffy
 #19887

Isn't almost every coin on the above infographic using per kB fees? How is that not "directly proportional to space used on ledger"?

Also, the stupid meme about proof of work being some massive waste of energy is stupid. It's more akin to converting excess energy to stored value (bitcoin) rather than letting it burn off as waste heat.
They still can not to understand that without fees market, low-capacity coins (any decentralized crypto atm) will be vulnerable to a ddos attack. Byteball fess = tx size is not advantage, is a vulnerability that other coins don't have. There is two problem, too cheap to attack when cap is low and too expensive to use if cap too high. Byteball is literally a step backward
If you can wright a spam script, you can shut down Byteball only for $35-70 per day of a ddos. This coin is a total crap, from any point of view
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August 16, 2018, 06:13:33 PM
 #19888

@meterse you are silent about one important thing.

Bob - bitcoin user. Alisa - byteball user. They make 10 tx every day and store $10k.

Jan. Bitcoin $20k, byteball $1.2k
30 Jan. BTC - 10k, gbyte - $600, 300 tx = $258 (btc), $0.021 (byteball)
Bob lost $5258, Alisa lost 5000.021. Bob store 4742, Alisa 5000

8 March. BTC - 9k, gbyte - $300, ~380 tx = $326 and $0.026
Bob store $3940, Alisa $2500

29 March. BTC - 6900, gbyte - 150, 210tx = 180 for btc
Bob store $2840, Alisa $1250

16 Aug
BTC - 6400, gbyte - 59, ~1360tx = $1169 for btc
Bob store $1465, Alisa $491

The more money you store, the worse situation for byteball. Byteball is use and run. But what to use? Betting bot? Bitcoin is millions times more use cases
vlom
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August 16, 2018, 07:03:57 PM
 #19889

this can change. and tell me 10 things that BTC is used for.

|\¯¯ \   /¯¯/| |¯¯¯|__'  /¯¯,¯¯\     /¯¯\/¯ \'  
\  \__\/__/ /' |_____'| |\____ /|'  /__ (\/)__\
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meterse
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August 16, 2018, 09:27:59 PM
 #19890

Isn't almost every coin on the above infographic using per kB fees? How is that not "directly proportional to space used on ledger"?

Also, the stupid meme about proof of work being some massive waste of energy is stupid. It's more akin to converting excess energy to stored value (bitcoin) rather than letting it burn off as waste heat.

nope, talking about bitcoin fees rise as transaction volumes rise

Byteball doesnt have this problem
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August 16, 2018, 09:29:49 PM
 #19891

this can change. and tell me 10 things that BTC is used for.

10 things? Im struggling to think of 3
jwinterm
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August 16, 2018, 11:10:04 PM
 #19892

Isn't almost every coin on the above infographic using per kB fees? How is that not "directly proportional to space used on ledger"?

Also, the stupid meme about proof of work being some massive waste of energy is stupid. It's more akin to converting excess energy to stored value (bitcoin) rather than letting it burn off as waste heat.

nope, talking about bitcoin fees rise as transaction volumes rise

Byteball doesnt have this problem

Not directly, but if byteball transactions rise, then it would be logical to assume that byteball price would increase, correct?

So if byteball had market cap of Bitcoin, it would be about 3176x more expensive per byte/gbyte, pushing your expected tx fee from $0.00007 to $0.22 - not crazy expensive, but a lot more than nothing. And I think most people expect Bitcoin to continue to grow, if it was 10x higher that would be over $2 per byteball tx.

Personally, I agree with other commenter that dynamic fees make more sense. You can disagree, but you can't pretend that this is some panacea that would prevent $1+ fees of many people actually used byteball.
meterse
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August 16, 2018, 11:55:47 PM
 #19893

Byteball is lucky to have people like Marc De Mesel in the community. We love his enthusiasm, and also his bravery to get on camera and share with the world what he thinks based on both data and gut feeling.

https://www.youtube.com/watch?v=mW0VweskNm8&feature=youtu.be
Alcibiades Agnes
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August 17, 2018, 04:31:31 AM
 #19894

Let me put this way, those "illiquid coin exchange" are good for filling the content of a website. Yes you can buy a few bytes and store it, and pray for the price to up one day and sell it.
Byteball has more usefulness than that. Byteball can be the finance crypto instrument prefered choice. It can be deeply integrated with other coin, and give the market the price stability that is needed. But Byteball needs LIQUIDITY.

Let me give you only "one example":
I have 10 Ethereum coins that cost me 300 USD each, and I want insured it against any price drop, because I don't want to loose money or risk my holding, I can go binary ball and buy an insurance from 1 to 5 hours. Two situation will happen:
1. the price of ethereum goes up, I loose the binary insurance BUT I win with ethereum in price. I sell ethereum and buy again insurance.
2. The price of ethereum goes down, I won the binary "insurance" sell it and buy ethereum back again.
Conclusion: the value of the ethereum holding in my portfolio stay around 3000 usd.

The model works better if price of ethereum would be in bytes, and the insurance is for 24 hours, and better LIQUIDITY.

Why all prices of on binary ball are in USD or Bitcoin. Maybe is lack of bytes liquidity.

A petition to Binary Ball developer,

Can you please list another asset pair?
I think you are missing the most important pair

Can your list byteball_bitcoin pair on the Binary options trading?

I want insure my byteball holding, please.

If not, why not?

Thank for your responce.



The low liquidity of Byteball would be a very easy way to manipulate a Byteball binary contract.

shoemaker's son always goes barefoot


ByteFan
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August 17, 2018, 05:22:45 AM
 #19895





The fee structure in Byteball has no real sense. You should not emphasis that, it is somewhat misleading information.

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)
barborrico
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August 17, 2018, 09:40:20 AM
 #19896

Dont worry, when fees would be higher,byteball community tony byteball foundation will say 1 byte paid = x bytes stored, being x an arbitrary number chosen by byteball community tony byteball foundation.

Let there be light!
Guffy
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August 17, 2018, 10:58:07 AM
 #19897

Dont worry, when fees would be higher,byteball community tony byteball foundation will say 1 byte paid = x bytes stored, being x an arbitrary number chosen by byteball community tony byteball foundation.
Witnesses must agree to cut their incomes. Although considering that all witnesses are one person, this should not be a problem
Marc De Mesel
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August 17, 2018, 11:29:18 AM
 #19898

Byteball is lucky to have people like Marc De Mesel in the community. We love his enthusiasm, and also his bravery to get on camera and share with the world what he thinks based on both data and gut feeling.

https://www.youtube.com/watch?v=mW0VweskNm8&feature=youtu.be
I have watched lots of informative, valueable videos with Marc De Messel on crypto in general, and Byteball specifically.


Thank you so much guys!!!! Feeling honored  Cool

https://twitter.com/marcdemesel/status/1030381022351908865

Early Bitcoin, Byteball & Bitcoin Cash Investor. Loving Voluntarysm, Lambos & Girls Wink
Check out my: https://youtube.com/user/Marcdemesel - https://twitter.com/marcdemesel & https://instagram.com/marc_de_mesel
Alcibiades Agnes
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August 17, 2018, 05:35:06 PM
 #19899

Byteball is lucky to have people like Marc De Mesel in the community. We love his enthusiasm, and also his bravery to get on camera and share with the world what he thinks based on both data and gut feeling.

https://www.youtube.com/watch?v=mW0VweskNm8&feature=youtu.be
I have watched lots of informative, valueable videos with Marc De Messel on crypto in general, and Byteball specifically.


Thank you so much guys!!!! Feeling honored  Cool

https://twitter.com/marcdemesel/status/1030381022351908865


Alcibiades Agnes
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August 17, 2018, 05:39:03 PM
 #19900

Byteball is lucky to have people like Marc De Mesel in the community. We love his enthusiasm, and also his bravery to get on camera and share with the world what he thinks based on both data and gut feeling.

https://www.youtube.com/watch?v=mW0VweskNm8&feature=youtu.be
I have watched lots of informative, valueable videos with Marc De Messel on crypto in general, and Byteball specifically.


Thank you so much guys!!!! Feeling honored  Cool

https://twitter.com/marcdemesel/status/1030381022351908865

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