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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1164626 times)
TobiWan
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September 03, 2018, 09:54:51 AM
 #20101

byteball price is dropping again lol
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September 03, 2018, 09:56:33 AM
 #20102

What are the results of the Venezuelan Use-a-Thon?

The winning project introduced a GBYTE/Fiat (Bolivares) gateway, making it more convenient for merchants to accept bytes as means of payment. They build their project incrementally starting off more or less manually handling all transactions and gradually introduce more and more automation and integration. So far, they have managed to successfully provide bank-transfers to/from 3 of that largest Venzuelan banks. Their volume is constantly increasing (stats not publicly available as government/regulation in Venezuela isn't exactly "safe") and it's the base foundation for more and more merchants wanting to shield their money from the insane inflation rates in the country. Even in bear markets and with depreciating price of basically any crypto, it's still far to prefer over their fiat currency that suffers inflation rates as high as 1000% per month. Consider that for a while, and then reconsider how everyone is whining in crypto these days ;-) (link: https://capybaraexchange.com)

Another project from the Use-a-Thon aims to replace the internal financial system of the Simon Bolivar University with Byteball. When a faculty applies for funding of a research project, the verification and acceptance process is rather bureaucratic and takes a long time. Once it is approved, the funds get transferred to the central financial department. This process costs extremely large fees to banks (and government) so already when the funds arrive, they have significantly decreased. From the central financial system, money are then distributed to each of the faculties/research projects again requiring large bank fees to be paid and yet another bureaucratic and lengthy process. When the money finally arrive to the research project, inflation and bank fees have rendered the granted funding to be insufficient and thus the projects cannot actually pay for the equipment or staff needed to complete the projects. For this use case, the far greatest hurdle to overcome has been to get through to the university management and get the legal consequences sorted. Thanks to one of our area representatives, who is a professor at the university, it allowed a better access to the right authorities at the university to move the project forward. The project is currently preparing to launch a beta test of the entire solution where they apply the Byteball platform to one particular set of courses, allowing external parties to pay for the courses using Bytes. Here, the Capybaraexchange comes in handy as well, as it allows the university to easily convert to/from Bolivares.

There is a third project that aims to support students financially for completing their trimester and passing their exams. Right now, the university experiences a whopping 60% of students not signing up for next trimester and thus never completing their education. The economic situation in Venezuela requires a lot of people to get a job to earn just a few dollars to be able to maintain a sustainable living. By providing a platform that allows external donors to directly "fund" a student with $3-5 a month provided they pass their exams and sign up for next trimester it is the hope that more students will be able to focus on their education and on the larger scale, be the possible change that the country so badly needs. The solution involves a student to verify their identity first before signining up to the program through an in-wallet bot. An Oracle taps into the central student system to read and post score and enrollment to the DAG for each student. If the student passes all exams, the donation stored on a smart contract will be released to the student. If not - it will be returned to the donor. No intermediaries or potentially corrupt middle man to interfere with the system. The project is currently just on the idea stage and the actual platform development still needs to be done. Again, legal issues are the main problem and getting university authorities to accept an oracle to tap into the central student system is the main hurdle. But again, the area representative will prove highly valuable to help out with that.

I don't visit bitcointalk a lot, but reading people's comments here - particularly those complaining about lack of activities, missing use cases and stuff like that - it's obvious that we generally need better forms of communicating what is actually going on. Don't you guys read the weekly newsletters? Aren't you reading the announcements on the Byteball Slack? Announcements are even relayed to our Telegram (https://t.me/byteball) so I'm actually rather surprised to learn how little "investors" apparently seem to care for their "investment" or how little effort they put into actively seeking information. It's not like any of the above have been kept secret or anything :-)
jwinterm
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September 03, 2018, 03:51:40 PM
 #20103

How many coins are needed for a masternode?

Only Tony gets to run masternodes.
Guffy
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September 03, 2018, 04:08:24 PM
 #20104

I've never been to Venezuela, but after buying gbyte i learned the meaning of the hyperinflation no worse than it's known to venezuelans.
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September 03, 2018, 04:23:24 PM
 #20105

wow the winner has only 1828 votes. Where is all 70.000 of steem flooders? Byteball community is a 348 members. Adoption as it is  Grin
Meanwhile IOTA and Volkswagen to launch first product, "Digital CarPass", in Q1 2019 https://www.investinblockchain.com/iota-volkswagen-digital-carpass/



1. steem does not even have 70000 real users

2. byteball has 3 fruit and veg stores in italy using it and a piano shop- those can only afford to use mission critical working products..

VW....well

Don't worry byteballs time will come.... keep loading up and pressuring tony to destroy the rest of the bytes that remain to be distributed as soon as possible......let's say he should keep another 3-5% for himself if he destroyes the rest right now.

The constant dilution to people that have no other interest in bb other than to dump their 10 dollars worth asap are just crushing it downward. The mere thought thought even 0.001% are adopting it and spreading the word is **********

I have no doubt at all that the 700000 steem grabbers were a fiction.




Guffy
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September 03, 2018, 04:27:36 PM
 #20106

A month ago i asked the owner of an online store accepted btc (he is a crypto enthusiast), whether they want to add gbyte. He told me that i was the only one who asked such a question and that he had never heard of it. After he conducted his research, he replied that he would not have added this shitcoin even if thousands of his clients had asked for it. He said that using this coin is equivalent to shooting in the leg, that no adequate person will want to use an coin that is losing 95% of the value for a year. And even if the price was stable, he would not use a coin controlled by one person.
cryptohunter
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September 03, 2018, 04:38:01 PM
 #20107

A month ago i asked the owner of an online store accepted btc (he is a crypto enthusiast), whether they want to add gbyte. He told me that i was the only one who asked such a question and that he had never heard of it. After he conducted his research, he replied that he would not have added this shitcoin even if thousands of his clients had asked for it. He said that using this coin is equivalent to shooting in the leg, that no adequate person will want to use an coin that is losing 95% of the value for a year. And even if the price was stable, he would not use a coin controlled by one person.

Stop asking people who understand basic economics please.

TBF though the 90% loss in value is kind of what most alts have suffered ...........but one as outstanding technically as byteball should not have had to. The distribution process was a demonstration of how you can crush even the best work if you try hard enough.

Soon most people will have no reason to use anything other than btc sadly

byteball could have been great and perhaps it still will be but the stupid distribution model will take a while to iron out especially as we have crushed investor confidence by changing the rules and such dramatic losses ... .and still we have more tokens to saturate the market and still have so many tokens in the hands of other ico managers

there are solutions but nobody wants to take the actions required to turn it around fast


kaicrypzen
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September 03, 2018, 04:38:54 PM
 #20108

How many coins are needed for a masternode?

There are no masternodes, but there are witnesses. No specific amount of coins is needed to run one of these. Anybody can run one (or many), but users are the ones who choose to add a witness to their list. So to be chosen, you have to somehow campaign to earn the trust of the users so that they add you to their witnesses' list.

meterse
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September 04, 2018, 01:13:56 AM
 #20109

We have been told by a long-standing community member, and one of the TTO founders, that tradetheodds.io is nearing launch!

https://tradetheodds.io/
jjacob
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September 04, 2018, 07:06:45 AM
 #20110

We have been told by a long-standing community member, and one of the TTO founders, that tradetheodds.io is nearing launch!

https://tradetheodds.io/

That is nice. Another boost to Byteball. Online gambling seems to be the easiest and most popular activity, where cryptocurrencies and smart contracts come together. And Byteball does have a natural advantage in these use cases.


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CryptoRobert
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September 04, 2018, 07:38:33 AM
 #20111

I need help. I have just reformat my cellphone and reinstalled byteball app. My byteball balance is now 0. Can i retrieve my original balance?

If you didn't do a backup of your wallet I am afraid you would need Harry Potter or some other magician to make your original byteball balance reappear. It is just as if you'd take your phisical wallet, full of dollars, throw it away with all the dollars inside and buy a new wallet and then ask people around how you could have the dollars you have thrown away with the old wallet appear back in the new wallet.

Moana
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September 04, 2018, 08:30:37 AM
 #20112

Aren't there at least two thousands proponents of byteball..? How is it possible that only 300 people have voted? That's why I asked if byteball was dead.

OK, I've got it. The problem is that you need to be a trader on Binance to be able to vote. Moreover, not every Byteball holder is following the thread on a constant basis.

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Dr_Voidberg
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September 04, 2018, 08:36:58 AM
 #20113

For those interested in DAG technology, Dero Project has launched a POW based DAG network which does not use witnesses or a central coordinator: https://medium.com/@joshbyatt/what-is-dero-coin-da90e3034e39
https://stats.atlantis.dero.live
meterse
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September 04, 2018, 12:16:16 PM
 #20114

What are the results of the Venezuelan Use-a-Thon?

The winning project introduced a GBYTE/Fiat (Bolivares) gateway, making it more convenient for merchants to accept bytes as means of payment. They build their project incrementally starting off more or less manually handling all transactions and gradually introduce more and more automation and integration. So far, they have managed to successfully provide bank-transfers to/from 3 of that largest Venzuelan banks. Their volume is constantly increasing (stats not publicly available as government/regulation in Venezuela isn't exactly "safe") and it's the base foundation for more and more merchants wanting to shield their money from the insane inflation rates in the country. Even in bear markets and with depreciating price of basically any crypto, it's still far to prefer over their fiat currency that suffers inflation rates as high as 1000% per month. Consider that for a while, and then reconsider how everyone is whining in crypto these days ;-) (link: https://capybaraexchange.com)

Another project from the Use-a-Thon aims to replace the internal financial system of the Simon Bolivar University with Byteball. When a faculty applies for funding of a research project, the verification and acceptance process is rather bureaucratic and takes a long time. Once it is approved, the funds get transferred to the central financial department. This process costs extremely large fees to banks (and government) so already when the funds arrive, they have significantly decreased. From the central financial system, money are then distributed to each of the faculties/research projects again requiring large bank fees to be paid and yet another bureaucratic and lengthy process. When the money finally arrive to the research project, inflation and bank fees have rendered the granted funding to be insufficient and thus the projects cannot actually pay for the equipment or staff needed to complete the projects. For this use case, the far greatest hurdle to overcome has been to get through to the university management and get the legal consequences sorted. Thanks to one of our area representatives, who is a professor at the university, it allowed a better access to the right authorities at the university to move the project forward. The project is currently preparing to launch a beta test of the entire solution where they apply the Byteball platform to one particular set of courses, allowing external parties to pay for the courses using Bytes. Here, the Capybaraexchange comes in handy as well, as it allows the university to easily convert to/from Bolivares.

There is a third project that aims to support students financially for completing their trimester and passing their exams. Right now, the university experiences a whopping 60% of students not signing up for next trimester and thus never completing their education. The economic situation in Venezuela requires a lot of people to get a job to earn just a few dollars to be able to maintain a sustainable living. By providing a platform that allows external donors to directly "fund" a student with $3-5 a month provided they pass their exams and sign up for next trimester it is the hope that more students will be able to focus on their education and on the larger scale, be the possible change that the country so badly needs. The solution involves a student to verify their identity first before signining up to the program through an in-wallet bot. An Oracle taps into the central student system to read and post score and enrollment to the DAG for each student. If the student passes all exams, the donation stored on a smart contract will be released to the student. If not - it will be returned to the donor. No intermediaries or potentially corrupt middle man to interfere with the system. The project is currently just on the idea stage and the actual platform development still needs to be done. Again, legal issues are the main problem and getting university authorities to accept an oracle to tap into the central student system is the main hurdle. But again, the area representative will prove highly valuable to help out with that.

I don't visit bitcointalk a lot, but reading people's comments here - particularly those complaining about lack of activities, missing use cases and stuff like that - it's obvious that we generally need better forms of communicating what is actually going on. Don't you guys read the weekly newsletters? Aren't you reading the announcements on the Byteball Slack? Announcements are even relayed to our Telegram (https://t.me/byteball) so I'm actually rather surprised to learn how little "investors" apparently seem to care for their "investment" or how little effort they put into actively seeking information. It's not like any of the above have been kept secret or anything :-)

the whiners main concern is not lack of activities but the USD price of bytes

ironically many of them got their bytes for free
cryptohunter
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September 04, 2018, 01:09:04 PM
 #20115

What are the results of the Venezuelan Use-a-Thon?

The winning project introduced a GBYTE/Fiat (Bolivares) gateway, making it more convenient for merchants to accept bytes as means of payment. They build their project incrementally starting off more or less manually handling all transactions and gradually introduce more and more automation and integration. So far, they have managed to successfully provide bank-transfers to/from 3 of that largest Venzuelan banks. Their volume is constantly increasing (stats not publicly available as government/regulation in Venezuela isn't exactly "safe") and it's the base foundation for more and more merchants wanting to shield their money from the insane inflation rates in the country. Even in bear markets and with depreciating price of basically any crypto, it's still far to prefer over their fiat currency that suffers inflation rates as high as 1000% per month. Consider that for a while, and then reconsider how everyone is whining in crypto these days ;-) (link: https://capybaraexchange.com)

Another project from the Use-a-Thon aims to replace the internal financial system of the Simon Bolivar University with Byteball. When a faculty applies for funding of a research project, the verification and acceptance process is rather bureaucratic and takes a long time. Once it is approved, the funds get transferred to the central financial department. This process costs extremely large fees to banks (and government) so already when the funds arrive, they have significantly decreased. From the central financial system, money are then distributed to each of the faculties/research projects again requiring large bank fees to be paid and yet another bureaucratic and lengthy process. When the money finally arrive to the research project, inflation and bank fees have rendered the granted funding to be insufficient and thus the projects cannot actually pay for the equipment or staff needed to complete the projects. For this use case, the far greatest hurdle to overcome has been to get through to the university management and get the legal consequences sorted. Thanks to one of our area representatives, who is a professor at the university, it allowed a better access to the right authorities at the university to move the project forward. The project is currently preparing to launch a beta test of the entire solution where they apply the Byteball platform to one particular set of courses, allowing external parties to pay for the courses using Bytes. Here, the Capybaraexchange comes in handy as well, as it allows the university to easily convert to/from Bolivares.

There is a third project that aims to support students financially for completing their trimester and passing their exams. Right now, the university experiences a whopping 60% of students not signing up for next trimester and thus never completing their education. The economic situation in Venezuela requires a lot of people to get a job to earn just a few dollars to be able to maintain a sustainable living. By providing a platform that allows external donors to directly "fund" a student with $3-5 a month provided they pass their exams and sign up for next trimester it is the hope that more students will be able to focus on their education and on the larger scale, be the possible change that the country so badly needs. The solution involves a student to verify their identity first before signining up to the program through an in-wallet bot. An Oracle taps into the central student system to read and post score and enrollment to the DAG for each student. If the student passes all exams, the donation stored on a smart contract will be released to the student. If not - it will be returned to the donor. No intermediaries or potentially corrupt middle man to interfere with the system. The project is currently just on the idea stage and the actual platform development still needs to be done. Again, legal issues are the main problem and getting university authorities to accept an oracle to tap into the central student system is the main hurdle. But again, the area representative will prove highly valuable to help out with that.

I don't visit bitcointalk a lot, but reading people's comments here - particularly those complaining about lack of activities, missing use cases and stuff like that - it's obvious that we generally need better forms of communicating what is actually going on. Don't you guys read the weekly newsletters? Aren't you reading the announcements on the Byteball Slack? Announcements are even relayed to our Telegram (https://t.me/byteball) so I'm actually rather surprised to learn how little "investors" apparently seem to care for their "investment" or how little effort they put into actively seeking information. It's not like any of the above have been kept secret or anything :-)

the whiners main concern is not lack of activities but the USD price of bytes

ironically many of them got their bytes for free

this type of degenerate behaviour is not isolated to byteball either

I have seen many investors whiners being concerned at 95% real terms USD drops on their investments bags






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September 04, 2018, 01:15:23 PM
 #20116

Quote
this type of degenerate behaviour is not isolated to byteball either

I have seen many investors whiners being concerned at 95% real terms USD drops on their investments bags

Fall is the only qualitative project analytics. If the price falls by more than 90% you know that this project a scam and not worth for long term investments.
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September 04, 2018, 01:57:14 PM
 #20117

Yes yes, we know, we dont deserve the coins. Fortunately for us, if the foundation tries to do some kind of redistribution, then all bytes will worth exactly 0.
But if they could do it without consecuences, I am quite sure they would.

Let there be light!
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September 04, 2018, 05:20:01 PM
 #20118

Fresh material on Byteball's ICO-offers just released.
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September 05, 2018, 05:26:27 AM
 #20119

any changes with byteball bot wcg? 2 days without rewards  Wink thanks for explain
tyz
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September 05, 2018, 11:36:23 AM
 #20120

Does anyone know the captain of WCG's Byteball team named Papabyte?

There starts the WCG's Thor Callenge on the end of September. We are currently the 13th best team of all teams in terms of daily run time. So we have really good chances to get into the top ranks.

To participate on the callenge, the team leaders need to accept the invitation which they receive via email. I figured out that our team leader has not opt-in receiving emails on the WCG team page, so s(he) is probably not aware of the callenge.

https://www.worldcommunitygrid.org/forums/wcg/viewthread?thread=41044
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