Obyte: Totally new consensus algorithm + private untraceable payments

[meterse]

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume

Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins

In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...

please elaborate re 'context of a wallet-internal solution'

where was it proposed? please post a url

dealing with government fiat requiries regulation and identifity verification, so how is this private?

Take a look at BISQ (an exchange that is listed on Byteball homepage).

With BISQ you don't need "identifity verification". Anyone can exchange Fiat for BTC. The identity is known exclusively to the respective exchange partners. The bank does not know what exactly is traded.
Also otherwise there is no central contact point which could be queried.

On this basis, not only blackbytes but also bytes could be traded against Fiat. And then one would finally have an urgently needed interface for the direct exchange of Fiat <-> Byte/Blackbytes.

Tony knows very well. Ask him.
Unfortunately he prefers to get bogged down in gimmicks rather than real applications, which would pave the way for a mass adaptation to give appropriate space.

The question of how Blackbyte distribution will continue is still unanswered...

Blackbytes will be distributed, exactly how nobody knows, especially given the byte distribution is in many forms

[1714122480]

1714122480

[meterse]

byterbal is a language of value between users. Without users byterbal will fail. Without liquidity there's no users. Without the potential to store value inside of it, byterbal will not have liquidity. Byterbal needs to return bitcoin airdrops and try to start over. If you love byterbal, sell your bytes and show Tony that you against politics of his mediocre marketing team. We need a real community, not the steem bots and twitter shitposters!

"...try to start over".
Following this thread, having found the byteball project about three weeks ago, I realize Tony stopped the bitcoin airdrops because some beneficiaries dumped their GBytes as quickly as possible, causing consistent loss of value. It is the same challenge they are currently facing, where a few accounts sell over 38 BTC worth of Gbyte in 24 hours, set up a huge sell wall everyday, and hold the entire project to ransom, some using free Gbytes they got from airdrops. I don't envy Tony; he is at crossroads - damned if you do; damned if you don't. Things may not be perfect, but the ability to take decisions, stick to them, or correct them if need be (like the great step of stopping bitcoin airdrops), will guide this project to the expected endpoint.

I think the majority of future distros will lock funds for 12 months so less of an issue now than with original btc airdrops

[barborrico]

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

[sailthor]

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

Incentive to help medical research, shouldn't expect much 

[meterse]

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
The current bad solution is now, he give me money and i buy bytes for him

It's not just traders on exchanges, there are maybe future users for the byteball plattform.
I love the cheap price at the moment but we need massadoption and a better marketing strategy.

bytes can be traded for btc using the bot inside the wallet, no ID verification

[tarmo888]

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

And why did you expected 100 GB? Any calculation behind this expectation? The reward amount is fixed to dollar value at that time, so sometimes more GB gets distributed, sometimes less. It used to be even less, but was increased after the GDPR issue got resolved. Also, 10% bonus was introduced to then too for those who joined Byteball.org WCGrid team.

[tarmo888]

Take a look at BISQ (an exchange that is listed on Byteball homepage).

With BISQ you don't need "identifity verification". Anyone can exchange Fiat for BTC. The identity is known exclusively to the respective exchange partners. The bank does not know what exactly is traded.
Also otherwise there is no central contact point which could be queried.

On this basis, not only blackbytes but also bytes could be traded against Fiat. And then one would finally have an urgently needed interface for the direct exchange of Fiat <-> Byte/Blackbytes.

Tony knows very well. Ask him.
Unfortunately he prefers to get bogged down in gimmicks rather than real applications, which would pave the way for a mass adaptation to give appropriate space.

The question of how Blackbyte distribution will continue is still unanswered...

This would be pseudo-privacy. Even if the bank doesn't yet know what you are exactly trading, they know who you are trading it with and all the other payment processors who handle fiat know also who are the 2 counterparts because they are forced to do AML. Since Bisq doesn't handle native currencies themselves and fiat needs to be transferred directly from one person to another, you would also need to reveal your real name to other counterpart if you do a bank transfer. This means, trading privacy coin to fiat would have even less privacy than Bitcoin has by default.

Bisq is decentralized in a sense that it's like static website that doesn't store anything about users... but it is integrated with other payment services where you still need to reveal your identity. So, yes, it is decentralized, but you can't just mashup 2 ideas like that and think that the result is still the same. But then again, since Bisq is open-source, nobody is stopping you to build something like that for Blackbytes or any other privacy coin that doesn't have a pair with fiat on Bisq. If this is what will make it mainstream then anybody who actually implements it would become a rich man/woman, but maybe there is little bit more to it than it looks.

[Thul]

BISQ also enables a "face to face" exchange, i.e. cash <-> crypto.

If this is what will make it mainstream then anybody who actually implements it would become a rich man/woman, but maybe there is little bit more to it than it looks.

Who offers goods online for Cryptocurrencies knows the problem of his customers.
Most of them refuse because the purchase is so complicated. With Bitcoin, it's already awkward, and that's enough for most people.
A solution based on BISQ and integrated into the wallet would finally eliminate this bottleneck.

[BitcoinArsenal]

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
....

Same to me. I used to be at Bittrex, but I don't trade there anymore since verification is required. I used to buy Bytes from Cryptopia, but for some time now the deposit and withdrawal of bytes hasn't worked anymore. The team should make every effort to ensure a good and stable exchange. It can also be decentralized if it doesn't make trading more difficult.

[barborrico]

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

And why did you expected 100 GB? Any calculation behind this expectation? The reward amount is fixed to dollar value at that time, so sometimes more GB gets distributed, sometimes less. It used to be even less, but was increased after the GDPR issue got resolved. Also, 10% bonus was introduced to then too for those who joined Byteball.org WCGrid team.

https://medium.com/byteball/byteball-world-community-grid-distribution-is-back-on-track-21ceadb5196e

Well, if 400M points are sent, I expect to see, at less, $4000 in bytes -> 4000/39 = ~100GB

But it is not what I see. Neither price volatility or 10% bonus explain that divergence.

https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

Poor guy. He has received their bytes at $472 per GB, instead of $39.

[meterse]

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
....

Same to me. I used to be at Bittrex, but I don't trade there anymore since verification is required. I used to buy Bytes from Cryptopia, but for some time now the deposit and withdrawal of bytes hasn't worked anymore. The team should make every effort to ensure a good and stable exchange. It can also be decentralized if it doesn't make trading more difficult.

try cryptox.pl no KYC

[CryptKeeper]

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
....

Same to me. I used to be at Bittrex, but I don't trade there anymore since verification is required. I used to buy Bytes from Cryptopia, but for some time now the deposit and withdrawal of bytes hasn't worked anymore. The team should make every effort to ensure a good and stable exchange. It can also be decentralized if it doesn't make trading more difficult.

try cryptox.pl no KYC

Yes, I've already traded several times on https://cryptox.pl and it was always reliable and fast.

If you have a support request or any other questions, you can even contact their manager on our slack (user @grzem).

[vlom]

I am running a Gunbot instance on a VPS. And today I decided to use the VPS to participate in the Byteball World Community Grid Distribution.

If you are using a Linux VPS then it is done really quick (https://misctechmusings.com/boinc-cli-for-world-community-grid).

Code:

$ sudo apt-get update
$ sudo apt-get install boinc-client 

create an account via terminal

Code:

$ boinccmd --lookup_account http://www.worldcommunitygrid.org <username> <password>

If everything went well you should see the following output:
usename@computer:~$ boinccmd --lookup_account http://www.worldcommunitygrid.org username password
status: Success
poll status: operation in progress
account key: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

or use the website: https://www.worldcommunitygrid.org

After that just one last terminal command:

Code:

$ boinccmd --host localhost --project_attach http://www.worldcommunitygrid.org accountkey

And then connect it with the byteball-wallet-bot.

https://medium.com/byteball/computing-for-good-again-3795336bdaed

If I dont forget it, I will let you know in a week or so how many points i made.

EDIT:

you can check if you are connected on the website too.
My Contribution - Device Statistics

[tarmo888]

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

And why did you expected 100 GB? Any calculation behind this expectation? The reward amount is fixed to dollar value at that time, so sometimes more GB gets distributed, sometimes less. It used to be even less, but was increased after the GDPR issue got resolved. Also, 10% bonus was introduced to then too for those who joined Byteball.org WCGrid team.

https://medium.com/byteball/byteball-world-community-grid-distribution-is-back-on-track-21ceadb5196e

Well, if 400M points are sent, I expect to see, at less, $4000 in bytes -> 4000/39 = ~100GB

But it is not what I see. Neither price volatility or 10% bonus explain that divergence.

https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

Poor guy. He has received their bytes at $472 per GB, instead of $39.

Where do you get this 400M points? There is no penalty for big crunchers. Daily is around 120M instead https://wcg.report/ and 40M is from team members, which means 33% get 10% extra https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=R1RD1XTFK92

So, $1200/39 ~ 30GB
33% of 120M is 40M
$400/39 ~ 10GB
30 + 10 = 40GB

Poor guy who payed 10 000 Bitcoins for pizza. It doesn't matter what the price was when they got it, you are not forced to hold them, if you have acquired too many bytes and you think the price will go down then you sell it or buy something, but if you decided to keep it until it is $500 again then those can be called "poor guy" who couldn't handle the pressure and sold it at $39.

[barborrico]

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

And why did you expected 100 GB? Any calculation behind this expectation? The reward amount is fixed to dollar value at that time, so sometimes more GB gets distributed, sometimes less. It used to be even less, but was increased after the GDPR issue got resolved. Also, 10% bonus was introduced to then too for those who joined Byteball.org WCGrid team.

https://medium.com/byteball/byteball-world-community-grid-distribution-is-back-on-track-21ceadb5196e

Well, if 400M points are sent, I expect to see, at less, $4000 in bytes -> 4000/39 = ~100GB

But it is not what I see. Neither price volatility or 10% bonus explain that divergence.

https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

Poor guy. He has received their bytes at $472 per GB, instead of $39.

Where do you get this 400M points? There is no penalty for big crunchers. Daily is around 120M instead https://wcg.report/ and 40M is from team members, which means 33% get 10% extra https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=R1RD1XTFK92

So, $1200/39 ~ 30GB
33% of 120M is 40M
$400/39 ~ 10GB
30 + 10 = 40GB

Poor guy who payed 10 000 Bitcoins for pizza. It doesn't matter what the price was when they got it, you are not forced to hold them, if you have acquired too many bytes and you think the price will go down then you sell it or buy something, but if you decided to keep it until it is $500 again then those can be called "poor guy" who couldn't handle the pressure and sold it at $39.

From wcg bot address: https://explorer.byteball.org/#OP3XG7FP2Q3HAF4GR33YCFI7BHLAZMFW

The address I posted before IS from a big cruncher. But doesn't appear on https://wcg.report/168--2018-10-14%2010:17:21.html

[tarmo888]

I was checking wcg distribution, when I realized some funny fact: the amount of wcg points sent today to users is 400M. I was expecting like 100 GB of transfers out, but the truth is there only 40 GB. Some big crunchers are receiving a lot less than they would have to. Thanks Byteball again.

And why did you expected 100 GB? Any calculation behind this expectation? The reward amount is fixed to dollar value at that time, so sometimes more GB gets distributed, sometimes less. It used to be even less, but was increased after the GDPR issue got resolved. Also, 10% bonus was introduced to then too for those who joined Byteball.org WCGrid team.

https://medium.com/byteball/byteball-world-community-grid-distribution-is-back-on-track-21ceadb5196e

Well, if 400M points are sent, I expect to see, at less, $4000 in bytes -> 4000/39 = ~100GB

But it is not what I see. Neither price volatility or 10% bonus explain that divergence.

https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O

Poor guy. He has received their bytes at $472 per GB, instead of $39.

Where do you get this 400M points? There is no penalty for big crunchers. Daily is around 120M instead https://wcg.report/ and 40M is from team members, which means 33% get 10% extra https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=R1RD1XTFK92

So, $1200/39 ~ 30GB
33% of 120M is 40M
$400/39 ~ 10GB
30 + 10 = 40GB

Poor guy who payed 10 000 Bitcoins for pizza. It doesn't matter what the price was when they got it, you are not forced to hold them, if you have acquired too many bytes and you think the price will go down then you sell it or buy something, but if you decided to keep it until it is $500 again then those can be called "poor guy" who couldn't handle the pressure and sold it at $39.

From wcg bot address: https://explorer.byteball.org/#OP3XG7FP2Q3HAF4GR33YCFI7BHLAZMFW

The address I posted before IS from a big cruncher. But doesn't appear on https://wcg.report/168--2018-10-14%2010:17:21.html

I still don't get where you get 400M points, for example, this transaction on 14.10.2018 14:31:57:
https://explorer.byteball.org/#SdsDQSftKEAh+JXZNRiIWvJpmIZ0qAL2/NJi6bWlny0=

Payment in bytes - 390,059,593,695 from 48ZGNoQoDlpcZsyk8hjOwn0EmcT6OPMpANIUrLTV02A=

Payment in IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
Issue Serial number: 721
Amount: 109,132,570

[barborrico]

I simply sum all Issues in a day of OP3XG7FP2Q3HAF4GR33YCFI7BHLAZMFW and check byte transactions. Both should match.

[cryptohunter]

where did anyone get the idea that world coin grid or any other folding was going to help byteball in any way other than to crush the value lower??

i am a big investor in curecoin since the start - that has not worked out well at all.

[tarmo888]

I simply sum all Issues in a day of OP3XG7FP2Q3HAF4GR33YCFI7BHLAZMFW and check byte transactions. Both should match.

Issues with serial numbers 721, 720, 719, 718 are sent to multiple addresses at once and total amount is 124 322 171. wcg.report shows 124 348 482, so it is pretty much the same.

Rest of the issues are sent to single address, which means they are most likely new joiners, not daily crunchers. So, wcg.report shows daily crunchers, not new joinings.

https://explorer.byteball.org/#367663IOBS6XJD4EYKEMZ7AUU44PEE4O
Your example of big cruncher is also a new address (first transaction on 2018-10-14), which means it is new a new joiner and that's why they are not on wcg.report yet. Looks like they are claiming bytes from multiple accounts to same address.

So, please no FUD if you don't fully understand what you are reading.

Issue 12,747,699 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 723

Issue 1,118 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 722

Issue 109,132,570 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 721

Issue 13,062,079 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 720

Issue 1,831,218 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 719

Issue 296,304 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 718

Issue 108,647,639 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 717

Issue 13,393,384 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 716

Issue 157,306,757 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 715

Issue 86,983,516 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 714

Issue 62,774,797 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 713

Issue 70,639,986 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 712

Issue 33,620,218 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 711

Issue 58,403,875 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 710

Issue 174,708,816 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 709

Issue 173,620,640 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 708

Issue 172,002,816 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 707

Issue 47,715,727 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 706

Issue 117,486 IYzTSjJg4I3hvUaRXrihRm9+mSEShenPK8l8uKUOD3o=
serial number: 705

[tarmo888]

where did anyone get the idea that world coin grid or any other folding was going to help byteball in any way other than to crush the value lower??

i am a big investor in curecoin since the start - that has not worked out well at all.

But where do you get the idea that this is what is crushing the value lower? Have you noticed that Byteball price drops when rest of the cryptocurrencies drop, especially when closest technological competitors (IOTA and Nano) drop? Latest $50 to $40 drop was exactly at the same time as Bitcoin dropped from $6600 to $6300, since Byteball is low marketcap coin, it is more volatile, so gains and drops will be bigger.