Obyte: Totally new consensus algorithm + private untraceable payments

[coloredcoin]

Will drop my two cents.

I meet Tonych personally with another team member at Bitkom in germany.
Byteball is clearly his project and as a main dev he does makes decisions which we all can accepted or not. The only thing which tonych cannot controll is PRICE

Tonych is great dev and delivers huge amount of work on regualr basis.
Maybe marketing is not the strongest part, maybe decision about airdrop was bad decision but please consider he build this from scratch.
Wallet is working without issue, smart contracts works without issue, there is huge market for altcoins and i do believe byteball will shine.

We goign through cycle which kills many alts. Kills even btc for 100th time. But so what? If product is good, and dev is still here than i dont see this to be a scam.

Just go to Masternode scene and check in there. 99.9% its pure scam.

Byteball is definatelly not a scam. Witnesses should be spreaded. Regardless of some opinions i do believe byteball will be back on track. And tech will win on long run.

I agree with a lot of what you say but..  Why are masternodes a scam? I disagree with that entirely. Provide some reasons for such a remark.  Dash masternodes were a terrific innovation and groundbreaking inspiring many copy cat ideas, not least the Governance and treasury

Back to byteball. YES the witnesses should be spread. And YES the tokens to be distributed.

mn are copy pasta pivx/dash/btc. nothing more. no innovation. like erc20

Dash developed masternodes. It didn't copy paste because the idea didn't exist.Think again

Geez , you really wnat to be so pedantic? dash -->pivx--> all MN at the monent. And yes, none of them solving anything. its huge fools game, sell to greater fool for as high as possible. end of. none of the MN projects brings anything new. There is not even step forward towards adoption. Nothing.  Presale of MN which only gives devs btc. Premine on most of them and then at certain point dump

Sell to greater fool? What are you on about? Most masternode owners view as long term investment. Brings nothing new? In dash it brings native decentralised coin mixing; Instant send, governance and a treasury. The treasury can fund developers and marketing and more. What are you on about? In Dash the number of masternodes is currently near an all time high. People believe and invest in it. There is no dumping. Are you a closet monero investor by any chance?

In dash this in dash that. i reffer to MN after dash and pivx. tell me one project AFTER DASH AND PIVX doing something more than just milking good btc for uselles copy of dash or pivx?  long term investment? please. MN is nothing more than simple ponzi, zomething like ico was last year.

Yes,agree.MN is the Delegated centralized Nodes,much like DPoS of EOS or something,it's real not a innovative feature,it's just for speed.

[1713545289]

1713545289

[1713545289]

1713545289

[ByteFan]

[reminder] BlackBytes Exchange BEEB is to close on october the 25th.

All customers MUST withdraw their blackbytes before this date or they will be lost (use the 'w' key when paired with BEEB).

After this date blackybtes will be lost.

Thank you for your attention.

[jjacob]

The only thing which tonych cannot controll is PRICE

Another thing occured to me from your comment. Tonych cannot control price that is true, but he can influence it. Perhaps having the opposite effect than he intended though, (due to aforementioned lack of basic economic principles.) But he can influence it. He controls a good 30-40% of the supply at the moment. Via airdrops (helicopter money) (central bank style tinkering) he does influence the price a lot. So far this has been to the downside which begs the question.. Does Tony prefer the price low for reasons at this time unknown Or does Tony want the price high but keep doing the wrong thing?

The distribution methods do influence the price. One thing which can be done is stop further dilution - no more Bytes to be distributed. He can set a floor (say $1000) beyond which GB will be sold in the open market, for the overall development of Byteball. This will prevent dumping of distributed Bytes at exchanges. It would also prevent the price from going beyond $1000 until all the Bytes are distributed, but existing holders shouldn't have any problems with that.

[afbitcoins]

The only thing which tonych cannot controll is PRICE

Another thing occured to me from your comment. Tonych cannot control price that is true, but he can influence it. Perhaps having the opposite effect than he intended though, (due to aforementioned lack of basic economic principles.) But he can influence it. He controls a good 30-40% of the supply at the moment. Via airdrops (helicopter money) (central bank style tinkering) he does influence the price a lot. So far this has been to the downside which begs the question.. Does Tony prefer the price low for reasons at this time unknown Or does Tony want the price high but keep doing the wrong thing?

The distribution methods do influence the price. One thing which can be done is stop further dilution - no more Bytes to be distributed. He can set a floor (say $1000) beyond which GB will be sold in the open market, for the overall development of Byteball. This will prevent dumping of distributed Bytes at exchanges. It would also prevent the price from going beyond $1000 until all the Bytes are distributed, but existing holders shouldn't have any problems with that.

Except that it would erode trust because all along it has been stated 99% will be distributed. And if he did it would be the most overt display yet of how tony influences the price with central bank style tinkering.

Yes,agree.MN is the Delegated centralized Nodes,much like DPoS of EOS or something,it's real not a innovative feature,it's just for speed.

Whats with all the Dash FUD on here? Masternodes are not centralised. Anyone who can stump up collateral can run one. Dash has around 5000 of these nodes. That is not centralised at all. Much easier for anyone to do that than run a byteball witness.

[barborrico]

Byteball is a very curious project.

On some moment of design, Tony realized that there will never be decentralized trust on their platform, decentralized like bitcoin, trusting no one and, at same time, without wasting energy on brute force hashing.

So, a distributed ledger without the need of trusting anyone and energy efficient at same time can't be built. Tony`s solution: FORCE TRUST. FORCE TRUST ON 12 NODES. Well, at least it could be used to pay everyday coffee.

Sorry but, for big amounts, I prefer Bitcoin.

Also, another question for Tony, but I think I already know the answer:

When will you start to spend your 1%?

[pineapple express]

at least it could be used to pay everyday coffee

it won't, 15 tps is not enough for everyday coffee. Especially when throughput capacity begin to decrease when reaching 17 tps

[iphmp159]

Today is a good day for altcoins with considerable rises.
However, I won't sell any bytes because I have strong belief on Byteball team.
The project can moving higher, much higher.

[jwinterm]

Today is a good day for altcoins with considerable rises.
However, I won't sell any bytes because I have strong belief on Byteball team.
The project can moving higher, much higher.

Dude, byteball is down versus BTC.

And since meterse deleted my comment from the ico thread I'll repeat it here: with daily volume of 8 BTC across all exchanges you couldn't run an ico for a lemonade stand. It's a joke to promote byteball as an alternative ico platform (whatever you think of ico offerings in general) when you can round down the trading volume to zero.

[pineapple express]

Today is a good day for altcoins with considerable rises.
However, I won't sell any bytes because I have strong belief on Byteball team.
The project can moving higher, much higher.

Dude, byteball is down versus BTC.

And since meterse deleted my comment from the ico thread I'll repeat it here: with daily volume of 8 BTC across all exchanges you couldn't run an ico for a lemonade stand. It's a joke to promote byteball as an alternative ico platform (whatever you think of ico offerings in general) when you can round down the trading volume to zero.

In addition, you can't build a dapp on a centralized platform. Byterball will continue to decline even in the bull market

[tyz]

Fellow cruncher - ramp up for the Thor Challenge!

Not on the team yet? Read the details and join other 875 Byteballers to compete and win!

https://steemit.com/byteball/@byteball.org/byteball-competes-in-world-community-grid-s-thor-challenge

It is too complicated to meet requirements to join, but I will try to read them more carefully to see how qualified I am to apply for joining.
Thor Challenge might be a good chance to contribute to Byteball project, a community-supported opportunity.

Which requirements? You do not need to meet any requirements in order to join. You only need a PC or laptop  

Here is a step-by-step tutorial drafted by me
https://bitcointalk.org/index.php?topic=3710733.msg36868308#msg36868308

[goldart]

Today is a good day for altcoins with considerable rises.
However, I won't sell any bytes because I have strong belief on Byteball team.
The project can moving higher, much higher.

Dude, byteball is down versus BTC.

And since meterse deleted my comment from the ico thread I'll repeat it here: with daily volume of 8 BTC across all exchanges you couldn't run an ico for a lemonade stand. It's a joke to promote byteball as an alternative ico platform (whatever you think of ico offerings in general) when you can round down the trading volume to zero.

there are always many whales, who want to manipulate price movements, it's normal to see byteball price get remains at low price range although it has potential.

[phanphanphuyen]

there are always many whales, who want to manipulate price movements, it's normal to see byteball price get remains at low price range although it has potential.

The point is which ones are the main reasons of manipulation?
Answer the question correctly will tell us everything.
No need to hurry, worry and fall into panic sells or deeply depression.
Byteball is a good project and the price will recover soon.

[jjacob]

Today is a good day for altcoins with considerable rises.
However, I won't sell any bytes because I have strong belief on Byteball team.
The project can moving higher, much higher.

Dude, byteball is down versus BTC.

And since meterse deleted my comment from the ico thread I'll repeat it here: with daily volume of 8 BTC across all exchanges you couldn't run an ico for a lemonade stand. It's a joke to promote byteball as an alternative ico platform (whatever you think of ico offerings in general) when you can round down the trading volume to zero.

I am always against moderated threads. Byteball's volume definitely is low, but that can change. I wouldn't call that a disadvantage which would cripple the ecosystem.
Altcoins are not up against BTC. It is just Ripple which is up. That is the reason for the decrease in Bitcoin dominance.

[Kavallo]

To scale down the denomination of Byteball on exchanges (from Gigabytes to Megabytes or lower) has been debated for a while now, mainly for reasons of marketing. But someone has pointed out that there are deeper reasons for doing that: to define a Byteball unity as 1 Gigabyte would be like defining an unity of dollar as 1 Million $. Of course this does not make any sense if you are looking for mass adoption, like Byteball is:

Ordinary investors don't really think that deeply. A lot of them just go out and buy the cheapest coin they can find, hoping it will explode like Bitcoin. We need those investors, just like we need the true believers of Byteball.
Denominating GB as the basic unit of Byteball ensures that they pass on.

You are sharing my same opinion without fully realizing it. In fact, not many of the community seem to have understood my post. As soon as you post something just a bit out of the usual common places and stereotypes people look at you as a fool (or an hopium smoker). Even here in the crypto world. Even here in the Byteball community. Sad.

I disagree about needing to change the denomonation. 1 bitcoin is a large sum of money but that doesn't do it any harm. The unit of GByte is quite convenient and nowhere near as big an amount as 1 bitcoin. The denomination is not the problem. If the price rises to millions of dollars we seemlessly start quoting in lesser amounts. Its no big deal, when theres a need.

A lot of them just go out and buy the cheapest coin they can find, hoping it will explode like Bitcoin. We need those investors, just like we need the true believers of Byteball.

This is true, we need those investors. The distribution has chased those investors away. For the time being. Savvy investors who like byteball will not buy now they will wait until the distribution is ending. There is no incentive to invest now while supply still needs to increase by 30 to 40% Or they give up bored if it becomes the never ending story.

Some people don't really get it. The only reason people buy Bitcoins is because they hope to sell it 10X or 100X higher. They consider it a store of value which possibly can make them rich.
Byteball is supposedly aiming to become a form of money people can actually use. Widespread adoption is the mission. For that purpose the base unity you are using to count the currency must be an everyday life quantity. Gigabytes are the "million of dollars" of Byteball - that doesn't make any sense for a currency you are actually planning to use. You need to scale it down.
Or perhaps the mission instead IS to make Byteball a store of value like Bitcoin. Then this should be stated clearly. But I don't think Tony is thinking like that, which is good, because what the world need is a cryptocurrency people can actually easily use. As a store of value, Bitcoin is already enough.

[afbitcoins]

To scale down the denomination of Byteball on exchanges (from Gigabytes to Megabytes or lower) has been debated for a while now, mainly for reasons of marketing. But someone has pointed out that there are deeper reasons for doing that: to define a Byteball unity as 1 Gigabyte would be like defining an unity of dollar as 1 Million $. Of course this does not make any sense if you are looking for mass adoption, like Byteball is:

Ordinary investors don't really think that deeply. A lot of them just go out and buy the cheapest coin they can find, hoping it will explode like Bitcoin. We need those investors, just like we need the true believers of Byteball.
Denominating GB as the basic unit of Byteball ensures that they pass on.

You are sharing my same opinion without fully realizing it. In fact, not many of the community seem to have understood my post. As soon as you post something just a bit out of the usual common places and stereotypes people look at you as a fool (or an hopium smoker). Even here in the crypto world. Even here in the Byteball community. Sad.

I disagree about needing to change the denomonation. 1 bitcoin is a large sum of money but that doesn't do it any harm. The unit of GByte is quite convenient and nowhere near as big an amount as 1 bitcoin. The denomination is not the problem. If the price rises to millions of dollars we seemlessly start quoting in lesser amounts. Its no big deal, when theres a need.

A lot of them just go out and buy the cheapest coin they can find, hoping it will explode like Bitcoin. We need those investors, just like we need the true believers of Byteball.

This is true, we need those investors. The distribution has chased those investors away. For the time being. Savvy investors who like byteball will not buy now they will wait until the distribution is ending. There is no incentive to invest now while supply still needs to increase by 30 to 40% Or they give up bored if it becomes the never ending story.

Some people don't really get it. The only reason people buy Bitcoins is because they hope to sell it 10X or 100X higher. They consider it a store of value which possibly can make them rich.
Byteball is supposedly aiming to become a form of money people can actually use. Widespread adoption is the mission. For that purpose the base unity you are using to count the currency must be an everyday life quantity. Gigabytes are the "million of dollars" of Byteball - that doesn't make any sense for a currency you are actually planning to use. You need to scale it down.
Or perhaps the mission instead IS to make Byteball a store of value like Bitcoin. Then this should be stated clearly. But I don't think Tony is thinking like that, which is good, because what the world need is a cryptocurrency people can actually easily use. As a store of value, Bitcoin is already enough.

Yes it is supposedly aiming for that (money you can spend) - (bitcoin started out with that aim too). Its a long long way from that at the moment. I have never yet seen anything I can buy with byteball. When it gets there and one byte is something more valuable than a tiny fraction of a cent (or penny) then maybe that will be a practical unit to quote price with. Besides money needs to be a store of value or it won't be much good as money

[tonych]

Version 2.6.0 released https://github.com/byteball/byteball/releases

Notable improvements:

* Ability to hide unused and junk assets.  Now you can hide Nicebytes and other useless tokens.



* Creating polls from Send tab (thanks Tarmo for contributing)
* Changing display unit (GB, MB, etc) from Send tab (thanks Tarmo again)
* Suggested commands in chat: they are inserted but not sent automatically, user can edit before sending.  One of the bots will be updated in a few days and use this feature.
* Ability to scan QR codes that encode textcoin based paper wallets
* Fixed a bug which caused restore from seed to create a multi-address wallet while the original one was single-address
* Multiple minor improvements and bugfixes

[Marc De Mesel]

Thanks so much Tony. Great to see you keep on hustling  

Also nice to see someone contributing code, thanks Tarmo!  

[tonych]

Another addition in the Bot Store: a dice game.  The game is provably fair.

[altcoinb]

Version 2.6.0 released https://github.com/byteball/byteball/releases

Notable improvements:

* Ability to hide unused and junk assets.  Now you can hide Nicebytes and other useless tokens.


* Creating polls from Send tab (thanks Tarmo for contributing)
* Changing display unit (GB, MB, etc) from Send tab (thanks Tarmo again)
* Suggested commands in chat: they are inserted but not sent automatically, user can edit before sending.  One of the bots will be updated in a few days and use this feature.
* Ability to scan QR codes that encode textcoin based paper wallets
* Fixed a bug which caused restore from seed to create a multi-address wallet while the original one was single-address
* Multiple minor improvements and bugfixes

Very nice updates! thank you for this!!
Here is the first poll "Byteball Wallet Poll: What is the best unit for the future?"
https://steemit.com/byteball/@altcoinb/byteball-wallet-poll-what-is-the-best-unit-for-the-future  

[tbct_mt2]

Another addition in the Bot Store: a dice game.  The game is provably fair.

I love it, @tonych.
One more feature added to Bot Store which based on Byteball platform, a dice game.
It looks nice, so I gonna spend my time to discover it more later this week when I have a bit more spare time, might be someday nearly the coming weekend.