Obyte: Totally new consensus algorithm + private untraceable payments

[Thul]

wow nice pump today for gbyte on cryptox

I am looking at it on Bittrex and there is a small 10% bump in price but nothing to be excited about. Currently the daily volume is only 6BTC so it basically means that the GBYTE market at the moment is very ill liquid.

I think until we break the 0.016 GBYTE/BTC rate then we are still in a bear market and we can still be making newer lows. Its unfortunate that we didn't get the Binance listing last month.

Speculators don't put money in a coin with an association to a bite gag. Even a listing on Binance does not change this.

Marketing is still miserable, but in the end it's what the gamblers are into, because you can hardly actually apply a project so far.

Speculators put money where they want without care about immature opinions.

Your negativity is useless and most of your posts are irrelevants and irrespectuous.

Try at less to read carefully the whitepaper to avoid to look silly.

People like you are responsible for falling demand.

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[tarmo888]

Speculators don't put money in a coin with an association to a bite gag. Even a listing on Binance does not change this.

Marketing is still miserable, but in the end it's what the gamblers are into, because you can hardly actually apply a project so far.

Speculators put money where they want without care about immature opinions.

Your negativity is useless and most of your posts are irrelevants and irrespectuous.

Try at less to read carefully the whitepaper to avoid to look silly.

People like you are responsible for falling demand.

I agree with CryptoUnicornRider, the name of the project is exactly immature as you are, so if it is immature for most then it means that most speculators are immature.

There are many projects with horrible name, but it seems they have more mature speculators who don't spread FUD so much, because without getting yourself involved and just whining about stuff that are not done as you like makes the price more volatile and drops harder when everything goes down.

So thanks, FUDsters, you can be proud of managing to get GBYTE as low at it is with your constant whining. Yor greatest skill is whining.

[barborrico]

Let's do some constructive criticism:

When a user attests their identity, there is a field called "ID number". Anyone would expect here the personal identifier issued by government. Instead, this ID is the card ID, so when the card is renewed it changes.

https://github.com/Jumio/implementation-guides/blob/master/netverify/netverify-retrieval-api.md

use personalNumber instead of number, which is using actually (line 95): https://github.com/byteball/real-name-attestation/blob/master/modules/jumio_api.js

[tarmo888]

Let's do some constructive criticism:

When a user attests their identity, there is a field called "ID number". Anyone would expect here the personal identifier issued by government. Instead, this ID is the card ID, so when the card is renewed it changes.

https://github.com/Jumio/implementation-guides/blob/master/netverify/netverify-retrieval-api.md

use personalNumber instead of number, which is using actually (line 95): https://github.com/byteball/real-name-attestation/blob/master/modules/jumio_api.js

This is true, but probably the reason for that is because not all passports have personal code on it, but all have document number.

[barborrico]

Let's do some constructive criticism:

When a user attests their identity, there is a field called "ID number". Anyone would expect here the personal identifier issued by government. Instead, this ID is the card ID, so when the card is renewed it changes.

https://github.com/Jumio/implementation-guides/blob/master/netverify/netverify-retrieval-api.md

use personalNumber instead of number, which is using actually (line 95): https://github.com/byteball/real-name-attestation/blob/master/modules/jumio_api.js

This is true, but probably the reason for that is because not all passports have personal code on it, but all have document number.

Two options then:
- personalNumber?personalNumber:number;
- rename that field to Document ID and add Number ID if it exists.

I think this must be changed, because the reason of existence of this bot is to attest identities, not document cards. What do you think?

[tarmo888]

Let's do some constructive criticism:

When a user attests their identity, there is a field called "ID number". Anyone would expect here the personal identifier issued by government. Instead, this ID is the card ID, so when the card is renewed it changes.

https://github.com/Jumio/implementation-guides/blob/master/netverify/netverify-retrieval-api.md

use personalNumber instead of number, which is using actually (line 95): https://github.com/byteball/real-name-attestation/blob/master/modules/jumio_api.js

This is true, but probably the reason for that is because not all passports have personal code on it, but all have document number.

Two options then:
- personalNumber?personalNumber:number;
- rename that field to Document ID and add Number ID if it exists.

I think this must be changed, because the reason of existence of this bot is to attest identities, not document cards. What do you think?

It doesn't attest documents, it attest identities, but it just can't make sure that they are all unique. You can't do that also because some nations allow to have multiple citizenship.

It would be nice to have more info, but you can't rename existing fields because that would break backwards compatibility, so you could just add new extra fields, but this fields is problematic because it doesn't always exist.

Real name attestation can't become a way to make sure that all attested identities are unique because there will always be documents that doesn't have personal code. What it can do and what it does is that it proves that you are who you claim to be because your face matches with the document that you provided. Check-in to some hotel and you will see that nobody cares about your personal code, what they care about is document ID because it is always there. It is more important to be sure that the user is who they claim to be than the user is unique.

Same way when you are doing a KYC and have to provide some bill that is sent to your address, you are not attesting your address, nobody cares about your address, what you are attesting there is that you are living in a jurisdiction of the country that you claimed to be living.

[BtcVolcano]

Maybe this time the whole market will grow a little. At least the fact that the market is more often already green is nice to watch

[pineapple express]

Byteball big problems is lack of reputable witnesses, scalability, adoption, store of value. From my experience the most useless coin in the portfolio shows the best growth. That's why you need to buy as many gbytes as you can!

[sailthor]

Byteball big problems is lack of reputable witnesses, scalability, adoption, store of value. From my experience the most useless coin in the portfolio shows the best growth. That's why you need to buy as many gbytes as you can!

I think you have a personality disorder. What happened to your FUD? Shouldn't I be selling all my coins on cryptox following your advice?

[whenearth]

https://twitter.com/ByteballOrg/status/1053243171260588032

[pineapple express]

Byteball big problems is lack of reputable witnesses, scalability, adoption, store of value. From my experience the most useless coin in the portfolio shows the best growth. That's why you need to buy as many gbytes as you can!

I think you have a personality disorder. What happened to your FUD? Shouldn't I be selling all my coins on cryptox following your advice?

No no no it's time to buy bro

[Thul]

Some customers who are rather inexperienced with Cryptocurrencies buy Bitcoins. Why? Because it's easy.

Bitcoin is not attractive because it is technically better than other coins, but because you can USE this currency. That's why this coin is becoming increasingly popular, while bite ball and other projects are dependent on the greed of fugitive speculators, who certainly don't want to use these coins to pay for goods and services.

The compulsive effort to get bite ball among the people will certainly not contribute to its spread. On the contrary, everyone who gets the coins for free will either forget them, bet them or convert them into Fiat as soon as possible, because you can't do anything else with them.
And therefore the bite ball commuity remains small and insignificant... and probably dissolves more and more.

[tarmo888]

Some customers who are rather inexperienced with Cryptocurrencies buy Bitcoins. Why? Because it's easy.

Bitcoin is not attractive because it is technically better than other coins, but because you can USE this currency. That's why this coin is becoming increasingly popular, while bite ball and other projects are dependent on the greed of fugitive speculators, who certainly don't want to use these coins to pay for goods and services.

The compulsive effort to get bite ball among the people will certainly not contribute to its spread. On the contrary, everyone who gets the coins for free will either forget them, bet them or convert them into Fiat as soon as possible, because you can't do anything else with them.
And therefore the bite ball commuity remains small and insignificant... and probably dissolves more and more.

Many people will disagree with you what is technically better, but the truth is, BTC is not going anywhere and in some sense it will always be better than others, but not for everything, so that's why there is room for altcoins. Some altcoins will do some stuff better, will be technically better in some areas, but worse in some other.

It is funny that you list one of the use cases what you can do with it (betting) and then say you can't do anything else with them. That is literally what some cryptocurrency projects have made ICOs about (whole cryptocurrency for just betting), but on Byteball you can already do that and it is just one of the use cases. You CAN USE many other features on Byteball too, some people do it too already, like creating 1-year vested contracts or issuing tokens without writing single line of code.

The main difference is that when mainstream media talks about cryptocurrencies then they talk about Bitcoin because it is the oldest and the biggest. Bitcoin is the first cryptocurrency everybody learn about because it is the most talked about and well known.

Top cryptocurrencies generally get fiat pairs first, but all centralized exchanges need to do KYC when handling fiat. Byteball does that too and that's why you can buy GBYTE with fiat too. It helps getting more new users get GBYTE easier, but it is not a magic bullet because Byteball is not as well known.

BTC is 9 years old, Byteball is less than 2, but for some reason, you think in order to be successful, it should have already catched up BTC? Or, if it hasn't done it with 2 years then it will never become anything and always remain small and insignificant?

[pineapple express]

Some customers who are rather inexperienced with Cryptocurrencies buy Bitcoins. Why? Because it's easy.

Bitcoin is not attractive because it is technically better than other coins, but because you can USE this currency. That's why this coin is becoming increasingly popular, while bite ball and other projects are dependent on the greed of fugitive speculators, who certainly don't want to use these coins to pay for goods and services.

The compulsive effort to get bite ball among the people will certainly not contribute to its spread. On the contrary, everyone who gets the coins for free will either forget them, bet them or convert them into Fiat as soon as possible, because you can't do anything else with them.
And therefore the bite ball commuity remains small and insignificant... and probably dissolves more and more.

BTC is 9 years old, Byteball is less than 2, but for some reason, you think in order to be successful, it should have already catched up BTC? Or, if it hasn't done it with 2 years then it will never become anything and always remain small and insignificant?

don't panic tarmo888, buy gbyte now and sell winter

[tonych]

We are making the first step towards decentralization of witnesses.

First Decentralized Witness Candidate — Rogier Eijkelhof



Full story: https://medium.com/byteball/first-decentralized-witness-candidate-rogier-eijkelhof-9e5619166334
Interview: https://youtu.be/TI7cb57Yu9A
Witness pledge: https://www.docdroid.net/pqmfskj/rogier-eijkelhof-byteball-witness-pledge.pdf

Your action is required to support the candidate, see the story above.

[tonych]

out of 25000 real name attested users, only 1700 had ever referred someone else.

I only see 20k: https://byteball.co/attestors

You're right, 20k, I was looking at a wrong number.

Anyway, two more questions: How many of that 1700 were when refferral rewards was inmediately spendable (with and without counting venezuelan ones)?

The vast majority were when the rewards were immediately spendable.  It's hard to separate the Venezuelans but most attestations were from them.

And: When will you spend your deserved 1%?

When all other funds are distributed.
Officers eat last.

[pineapple express]

We are making the first step towards decentralization of witnesses.

First Decentralized Witness Candidate — Rogier Eijkelhof



Full story: https://medium.com/byteball/first-decentralized-witness-candidate-rogier-eijkelhof-9e5619166334
Interview: https://youtu.be/TI7cb57Yu9A
Witness pledge: https://www.docdroid.net/pqmfskj/rogier-eijkelhof-byteball-witness-pledge.pdf

Your action is required to support the candidate, see the story above.

Great news. The longest journey begins with the first step

[barborrico]

When all other funds are distributed.
Officers eat last.

Same as me. My funds still being on unit 81.

Price != value

[tonych]

The distribution to those who hope for a performanceless (finally Fiat-)income is a waste of time and energy and certainly does not increase real demand.

It is clear that very few of the community will support this idea. Who has so much self-determination and initiative to open their own shop?
One wants to draw something for free, and exactly this virtue is served by the Byteball management. And that's exactly why it won't work with the desired broad distribution. Because nobody knows what to do with the received "Bytes".

It's not just about distribution.  Don't be fixated on it.  The purpose of this real name attestation campaign is to create a large user base of users with real identities, which the apps can leverage.  No other platform has or is trying to create it.  Undistributed funds help create incentives before the actual apps exist.

I would very much like to offer my goods on Open Bazaar for "Blackbytes", but I can't do that.

We have a grants program for those who want to create an Open Bazaar for "Blackbytes".

[ttookk]

We are making the first step towards decentralization of witnesses.

First Decentralized Witness Candidate — Rogier Eijkelhof



Full story: https://medium.com/byteball/first-decentralized-witness-candidate-rogier-eijkelhof-9e5619166334
Interview: https://youtu.be/TI7cb57Yu9A
Witness pledge: https://www.docdroid.net/pqmfskj/rogier-eijkelhof-byteball-witness-pledge.pdf

Your action is required to support the candidate, see the story above.

Decentralized? He looks pretty "in-one-piece-ish" to me...