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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216842 times)
jjacob
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September 22, 2018, 06:25:17 AM
 #20221

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.


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Kavallo
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September 22, 2018, 10:20:44 PM
Merited by European Central Bank (1)
 #20222

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.

Quote
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.

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September 22, 2018, 10:42:07 PM
 #20223

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.

Quote
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
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September 23, 2018, 02:07:14 AM
Merited by LoyceV (1)
 #20224

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

Simplicity is beauty
Marc De Mesel
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September 23, 2018, 06:09:42 AM
 #20225

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

Also nice to see someone contributing code, thanks Tarmo!  Smiley

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
tonych
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September 23, 2018, 09:56:07 PM
 #20226

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


Simplicity is beauty
altcoinb
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September 24, 2018, 12:46:30 AM
 #20227

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  Grin
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September 24, 2018, 07:20:13 AM
 #20228

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.

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September 24, 2018, 09:39:23 PM
 #20229

tonych when blacbytes distribution?
Why do you care? Leave already

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September 24, 2018, 09:53:32 PM
 #20230

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.

Oooh, this one I like. However, from a non-byte holder's standpoint, I think this would be best if it has its own website apart from the bot store. I discovered Bitcoin dice games because of Google after learning about Bitcoin. If all features of Byteball is just within the wallet, no one will discover it.

adaseb
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September 24, 2018, 11:00:52 PM
 #20231

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



What you guys should do is create a thread under the Bitcointalk forum under "Gambling" and post this dice game there.

I am sure there are many old bitcoin adopters who claimed the Byteball distributions last year and would like to have some fun with their coins. Might bring out the awareness for Byteball. The gambling section is a pretty big part of Bitcointalk.

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September 25, 2018, 01:11:43 AM
 #20232

I don't think bytes should be burned at this stage, this would give the market the idea of "total failure of adoption", since the original ideal was to give them by usage.
Maybe it should restart with that full moon distribution stuff because it clearly made a difference, but this time in a rate that would take several years to distribute all the bytes.  Wink
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September 25, 2018, 01:30:59 AM
Last edit: September 25, 2018, 01:45:33 AM by Yaremi
 #20233

Hello.

Where can i buy or sell blackbytes?  I need it for testing:)


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crypto_dau
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September 25, 2018, 01:18:06 PM
 #20234

What you guys should do is create a thread under the Bitcointalk forum under "Gambling" and post this dice game there.

I am sure there are many old bitcoin adopters who claimed the Byteball distributions last year and would like to have some fun with their coins. Might bring out the awareness for Byteball. The gambling section is a pretty big part of Bitcointalk.
I think your ideas is very good, which might bring Byteball to more crypto enthusiasts.
More attention on this coin, high capital to come later.
So far, Byteball team have made nice initiatives to develop the project well and very far away from its beginning years ago.
altcoinb
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September 25, 2018, 06:29:41 PM
Merited by tyz (1)
 #20235

Team Byteball is on Rank 2 in Thor Challenge 2018!
We need more cruncher! The first place is a scam of Vatican  Grin
Lets beat them!!

https://www.worldcommunitygrid.org/team/challenge/viewTeamChallenge.do?challengeId=9123

tyz
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September 25, 2018, 08:18:41 PM
 #20236

Hello.

Where can i buy or sell blackbytes?  I need it for testing:)

Use Beeb-Bot to exchange BlackBytes for Bytes directly in the wallet. I've used it several times and it works well.

https://www.beeb-bot.com/

tyz
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September 25, 2018, 08:24:03 PM
 #20237

Team Byteball is on Rank 2 in Thor Challenge 2018!
We need more cruncher! The first place is a scam of Vatican  Grin
Lets beat them!!

https://www.worldcommunitygrid.org/team/challenge/viewTeamChallenge.do?challengeId=9123



The first 20 teams qualifies for the next round starting on 8th October, so we are fine so far.

Here are the rules:

Quote
- From Monday, September 24, 2018 to Sunday, September 30, 2018.
First week of challenge open to ALL the WCG teams around the world.

- At the end of this first week of challenge, the 20 best teams will be invited to the second week of challenge that will take place from Monday, October 08, 2018 to Sunday, October 14, 2018.
Invitations will be sent to the Captains of the 20 best teams on Monday, October 01, 2018.

- At the end of this second week of challenge, the 10 best teams will be invited to the third week of challenge that will take place from Monday, October 22, 2018 to Sunday, October 28, 2018.
Invitations will be sent to the Captains of the 10 best teams on Monday, October 15, 2018.

- At the end of this third week of challenge, the 3 best teams will be invited to the fourth and final week of challenge that will take place from Monday, November 05, 2018 to Sunday, November 11, 2018.
Invitations will be sent to the Captains of the 3 best teams on Monday, October 29, 2018.
Source: https://www.worldcommunitygrid.org/forums/wcg/viewthread_thread,41044_offset,0

tbct_mt2
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September 26, 2018, 02:26:09 AM
 #20238

Team Byteball is on Rank 2 in Thor Challenge 2018!
We need more cruncher! The first place is a scam of Vatican  Grin
Lets beat them!!

https://www.worldcommunitygrid.org/team/challenge/viewTeamChallenge.do?challengeId=9123


As usual, Byteball team have made great initiatives to bring the project to more people, especially crypto enthusiasts.
Moreover, the project might be used more widely around the globe with the Dice bot game, which was released recent days.
@Tonych should implement new massive promotional campaign to spread the words out, in particular the Byteball Dice game.

ZeroCrypto
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September 26, 2018, 04:13:39 AM
 #20239

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.

Quote
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

Most crypto coins/tokens have that ultimate goal of replacing fiat. Unfortunately, only a handful are used to buy for goods and services. And if and when they are used as such, merchants almost always quickly convert to fiat. The current financial system is so well entrenched in our daily lives that replacing it will take a lot of time and effort.

LETHEAN  (https://lethean.io/) ★ DECENTRALIZED P2P VPN ★ Whitepaper (https://lethean.io/vpn-whitepaper/)
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September 26, 2018, 05:43:02 AM
 #20240

Hello.

Where can i buy or sell blackbytes?  I need it for testing:)

Use Beeb-Bot to exchange BlackBytes for Bytes directly in the wallet. I've used it several times and it works well.

https://www.beeb-bot.com/
[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).

[repeating] After this date blackybtes will be lost.

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)
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