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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1175739 times)
Thul
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December 21, 2018, 06:00:05 PM
 #21301

why such a low price on GBB?Is it possible to start trading GBB on a regular stock exchange?
Yes, important developments such as a decentralized Fiat/Crypto <=> GBB trade have been overslept for two years (and will probably continue to be).
The only two services that existed in this direction were centralized, which of course is not a solution, as you can see again.
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December 21, 2018, 06:19:52 PM
 #21302

New rules for the next draw scheduled for Friday Dec 28:

1.  Steem attestations with reputation over 60 are now also accepted along with real name attestations.  There are only about 3000 Steem users with such high reputation, and many of them have a significant social following.  The idea is that it'll help to build referral networks, attract smaller holders, and dilute the whales.

2. The draw has been criticized by both whales who think they are punished with the points system, and by smaller holders who see a large share of points still going to whales.  Now the draw is split in two:
- one is based on balances, just balances, no points.  The winner will be named Prince of Whales.
- the other is based on points as before, with rules further adjusted in favor of smaller holders (see below).  The winner will be named King of Goldfish (suggestions about a better name are welcome).
The prize fund is split in two: 100 GB for the Prince of Whales and 100 GB for the King of of Goldfish but each participant automatically participates in both draws and can win in each of them (even in both at the same time).  Now there can be two referrers, one for the Prince of Whales and one for the King of Goldfish, each receives 100 GB and 211.11 GBB.

3. The new rules for calculating points with the second threshold lowered from 1000 GB to 100 GB:
* Real-name attested addresses get 1 point per GB of balance up to 10 GB, plus 0.1 point for each GB between 10 GB and 100 GB, plus 0.01 point for each GB above 100 GB.
* Unattested addresses get 0.01 point per GB of balance.
* 0.1 point is awarded for each GB of balance increase over the maximum balance in the previous draws, up to a 2x increase.
* 0.2 point is deducted for each GB of balance decrease since the previous draw.

Simplicity is beauty
Thul
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December 21, 2018, 07:16:11 PM
 #21303

1.  Steem attestations with reputation over 60 are now also accepted along with real name attestations.  There are only about 3000 Steem users with such high reputation, and many of them have a significant social following. The idea is that it'll help to build referral networks, attract smaller holders, and dilute the whales.
What about the idea of finally creating a benefit?
tonych
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December 21, 2018, 07:26:59 PM
 #21304

1.  Steem attestations with reputation over 60 are now also accepted along with real name attestations.  There are only about 3000 Steem users with such high reputation, and many of them have a significant social following. The idea is that it'll help to build referral networks, attract smaller holders, and dilute the whales.
What about the idea of finally creating a benefit?

Yes the draw is not the most serious one.  We are working on a number of other ideas in parallel, they will be announced when ready.

Simplicity is beauty
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December 21, 2018, 08:07:11 PM
 #21305

1.  Steem attestations with reputation over 60 are now also accepted along with real name attestations.  There are only about 3000 Steem users with such high reputation, and many of them have a significant social following. The idea is that it'll help to build referral networks, attract smaller holders, and dilute the whales.
What about the idea of finally creating a benefit?

Yes the draw is not the most serious one.  We are working on a number of other ideas in parallel, they will be announced when ready.
Bad procedure.
Such ideas should be discussed before implementation. - Your last ideas missed the need, and the time is running...
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December 21, 2018, 09:00:31 PM
 #21306

Hello! Does running a full node give me anything? Some profit or advantage?
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December 21, 2018, 09:44:29 PM
Last edit: December 23, 2018, 12:36:18 PM by tarmo888
Merited by rty (1)
 #21307

Hello! Does running a full node give me anything? Some profit or advantage?

No, running a full node doesn't benefit anyone much (you will just know first if witnesses collude), running a full node is mostly for yourself (if you want direct access to all the DAG data in your local database). If you want to help the network then you should be running a full node that accepts incoming connection and it's called relay. https://github.com/byteball/byteball-relay

There is no benefit from running a relay, there is only benefit for running a witness, but the value of GBYTE is currently too low to profit as witness and you need to be non-anonymous to become a witness. https://github.com/byteball/byteball-witness

Theoretically, only running a Hub could be monetized with people who decide to use your Hub (I think it should be possible to add Basic Authentication to WSS), but it is difficult to convince users to use paid Hub instead of the free default Hub. https://github.com/byteball/byteball-hub
CryptoRobert
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December 21, 2018, 11:49:38 PM
 #21308

It is necessary to join the lottery registering with the bot every week or is one time enough?

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December 21, 2018, 11:55:44 PM
 #21309

It is necessary to join the lottery registering with the bot every week or is one time enough?

Just one time, it will keep track balances of added address too (updates in some interval). Just write anything to the bot and it will respond to you with latest overview of your added addresses.
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December 23, 2018, 01:47:45 PM
 #21310

Quote
For now we are going to reduce the reward to $1 per 1,000,000 WCG points earned, effective from Monday December 24 on. This way the method will still work like a faucet but it will be much harder to make a profit, which was never intended. We’ll monitor what this change does and make further changes when necessary

Seriously? I really don't know how your whole distribution policy could get any more stupid. You actually diminish the amount of Bytes for thousands of people who are actively contributing to something (positive) to 1/10 while at the same time keep on throwing away hundreds of GB to 1 (or 2) lonesome users per week? Someone PLEASE explain the mathematical/statistical intentions behind this.

Additionally you also diminished the lottery chance for unattested users to an absolute minimum, so practically only the KYC users have a chance. Nice "private untracable" altcoin. Keep up the good work, Russians!  Undecided
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December 23, 2018, 02:04:40 PM
 #21311

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For now we are going to reduce the reward to $1 per 1,000,000 WCG points earned, effective from Monday December 24 on. This way the method will still work like a faucet but it will be much harder to make a profit, which was never intended. We’ll monitor what this change does and make further changes when necessary

Seriously? I really don't know how your whole distribution policy could get any more stupid. You actually diminish the amount of Bytes for thousands of people who are actively contributing to something (positive) to 1/10 while at the same time keep on throwing away hundreds of GB to 1 (or 2) lonesome users per week? Someone PLEASE explain the mathematical/statistical intentions behind this.

Additionally you also diminished the lottery chance for unattested users to an absolute minimum, so practically only the KYC users have a chance. Nice "private untracable" altcoin. Keep up the good work, Russians!  Undecided

Which thousands of people are you talking about? There are around 500 accounts mining for WCG and most of them are pools where the people will never see their bytes or WCG points asset on Byteball (non-transferable), they probably don't even know they would get anything if mined individually. Point of WCG was not to make profit, it's about contributing to something positive like you said. https://wcg.report/

It has been just 2 weeks and there are already more addresses (not users) on draw distribution than there was on WCG http://draw.byteball.org/
"private untracable" is only the blackbytes asset, which are distributed to newsletter subscribers and draw winners at the moment.

Again, try to keep up, the rules for draw lottery have fine-tuned after every week draw (un-attested small holders still have dis-advantage). Latest rules are these, which will increase the chances for other un-attested users again:

New rules for the next draw scheduled for Friday Dec 28:

1.  Steem attestations with reputation over 60 are now also accepted along with real name attestations.  There are only about 3000 Steem users with such high reputation, and many of them have a significant social following.  The idea is that it'll help to build referral networks, attract smaller holders, and dilute the whales.

2. The draw has been criticized by both whales who think they are punished with the points system, and by smaller holders who see a large share of points still going to whales.  Now the draw is split in two:
- one is based on balances, just balances, no points.  The winner will be named Prince of Whales.
- the other is based on points as before, with rules further adjusted in favor of smaller holders (see below).  The winner will be named King of Goldfish (suggestions about a better name are welcome).
The prize fund is split in two: 100 GB for the Prince of Whales and 100 GB for the King of of Goldfish but each participant automatically participates in both draws and can win in each of them (even in both at the same time).  Now there can be two referrers, one for the Prince of Whales and one for the King of Goldfish, each receives 100 GB and 211.11 GBB.

3. The new rules for calculating points with the second threshold lowered from 1000 GB to 100 GB:
* Real-name attested addresses get 1 point per GB of balance up to 10 GB, plus 0.1 point for each GB between 10 GB and 100 GB, plus 0.01 point for each GB above 100 GB.
* Unattested addresses get 0.01 point per GB of balance.
* 0.1 point is awarded for each GB of balance increase over the maximum balance in the previous draws, up to a 2x increase.
* 0.2 point is deducted for each GB of balance decrease since the previous draw.

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December 23, 2018, 02:25:10 PM
 #21312


Which thousands of people are you talking about? There are around 500 accounts mining for WCG and most of them are pools where the people will never see their bytes or WCG points asset on Byteball (non-transferable), they probably don't even know they would get anything if mined individually. Point of WCG was not to make profit, it's about contributing to something positive like you said. https://wcg.report/

It has been just 2 weeks and there are already more addresses (not users) on draw distribution than there was on WCG http://draw.byteball.org/
"private untracable" is only the blackbytes asset, which are distributed to newsletter subscribers and draw winners at the moment.

That maybe so, but the WCG users are probably NEW Byteball users (which is the actual purpose of a coin distribution ...), whereas the people registering for the lottery are exclusively ALREADY EXISTING Byteball users, which doesn't help the coin at all.

Again, try to keep up, the rules for draw lottery have fine-tuned after every week draw (un-attested small holders still have dis-advantage). Latest rules are these, which will increase the chances for other un-attested users again:

New rules for the next draw scheduled for Friday Dec 28:

1.  Steem attestations with reputation over 60 are now also accepted along with real name attestations.  There are only about 3000 Steem users with such high reputation, and many of them have a significant social following.  The idea is that it'll help to build referral networks, attract smaller holders, and dilute the whales.

2. The draw has been criticized by both whales who think they are punished with the points system, and by smaller holders who see a large share of points still going to whales.  Now the draw is split in two:
- one is based on balances, just balances, no points.  The winner will be named Prince of Whales.
- the other is based on points as before, with rules further adjusted in favor of smaller holders (see below).  The winner will be named King of Goldfish (suggestions about a better name are welcome).
The prize fund is split in two: 100 GB for the Prince of Whales and 100 GB for the King of of Goldfish but each participant automatically participates in both draws and can win in each of them (even in both at the same time).  Now there can be two referrers, one for the Prince of Whales and one for the King of Goldfish, each receives 100 GB and 211.11 GBB.

3. The new rules for calculating points with the second threshold lowered from 1000 GB to 100 GB:
* Real-name attested addresses get 1 point per GB of balance up to 10 GB, plus 0.1 point for each GB between 10 GB and 100 GB, plus 0.01 point for each GB above 100 GB.
* Unattested addresses get 0.01 point per GB of balance.
* 0.1 point is awarded for each GB of balance increase over the maximum balance in the previous draws, up to a 2x increase.
* 0.2 point is deducted for each GB of balance decrease since the previous draw.

Say what? 1% is an "increased chance"? Cheesy
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December 23, 2018, 04:53:58 PM
Last edit: December 24, 2018, 04:28:23 PM by tarmo888
 #21313

That maybe so, but the WCG users are probably NEW Byteball users (which is the actual purpose of a coin distribution ...), whereas the people registering for the lottery are exclusively ALREADY EXISTING Byteball users, which doesn't help the coin at all.

Probably, but most likely not. Hard to tell if most of them are in a pool anyways and maybe don't even know that Byteball exists. So, the pools doesn't fill the purpose of this distribution and that has been the main reason for the rule change.

Say what? 1% is an "increased chance"? Cheesy

That is for the point base draw and only up to 10 GB, that is not counted in balance based draw. There are now 2 draws, 100 GB and 211.11 GBB for the Prince of Whales (balance based) and 100 GB and 211.11 GBB for the King of of Goldfish (points based). Each of both draw's referrer will also get 100 GB and 211.11 GBB, so maximum is 4 x (100 GB and 211.11 GBB), but so far no referrer has been lucky yet, I guess not enough referrers. This is how the point rules (not balances draw) for attested and un-attested have changed:

* Real-name attested addresses get 1 point per GB of balance up to 10 GB, plus 0.1 point for each GB between 10 GB and 100 GB, plus 0.01 point for each GB above 100 GB.
* Unattested addresses get 0.01 point per GB of balance.
* Real-name attested addresses get 1 point per GB of balance up to 10 GB, plus 0.1 point for each GB between 10 GB and 1000 GB, plus 0.01 point for each GB above 1000 GB.
* Unattested addresses get 0.01 point per GB of balance.
* Real-name attested addresses get 1 point per GB of balance up to 10 GB and additionally 0.1 point for each GB above that.
* Unattested addresses get 0.1 point per GB of balance.
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December 25, 2018, 12:20:06 PM
Merited by LoyceV (1)
 #21314

Happy Birthday Byteball!!
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December 27, 2018, 01:26:50 PM
 #21315

I've read that the bytes-blackbytes bot exchange is going to close in days. How to get back the bytes you have parked in a smart wallet, bound to a contract with that bot?

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December 27, 2018, 02:13:05 PM
 #21316

I've moved some bytes within my wallet and I've noticed that after 15 minutes still the transaction did not fully confirm. I had never noticed that it takes so long. Which is the average confirmation time before the transferred coins become available?

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December 28, 2018, 03:28:32 AM
 #21317

I've moved some bytes within my wallet and I've noticed that after 15 minutes still the transaction did not fully confirm. I had never noticed that it takes so long. Which is the average confirmation time before the transferred coins become available?
Really, network congestions?
Personally, I have had very good experience with Byteball transactions.
I moved my Byteball so many times from windows wallet to Bittrex, it takes only seconds to appear on explorer.
I don't know what has actually happened recently with your transaction.
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December 28, 2018, 03:33:39 AM
 #21318

Happy Birthday Byteball!!

oh wow I just found out that December 25 is the birthday of BytBall, Congrast GBYTE!
Maybe the party will continue until the beginning of the new year 2019. yeaaah!

I hope you will continue to be consistent in the world of cryptocurrency because many of my friends who are HODL GBYTE in Bittrex.

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.THE JOB DONE.

 

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in
 

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December 28, 2018, 03:44:02 PM
 #21319

New rules for the next draw scheduled for Friday Dec 28:

1.  Steem attestations with reputation over 60 are now also accepted along with real name attestations.  There are only about 3000 Steem users with such high reputation, and many of them have a significant social following.  The idea is that it'll help to build referral networks, attract smaller holders, and dilute the whales.

2. The draw has been criticized by both whales who think they are punished with the points system, and by smaller holders who see a large share of points still going to whales.  Now the draw is split in two:
- one is based on balances, just balances, no points.  The winner will be named Prince of Whales.
- the other is based on points as before, with rules further adjusted in favor of smaller holders (see below).  The winner will be named King of Goldfish (suggestions about a better name are welcome).
The prize fund is split in two: 100 GB for the Prince of Whales and 100 GB for the King of of Goldfish but each participant automatically participates in both draws and can win in each of them (even in both at the same time).  Now there can be two referrers, one for the Prince of Whales and one for the King of Goldfish, each receives 100 GB and 211.11 GBB.

3. The new rules for calculating points with the second threshold lowered from 1000 GB to 100 GB:
* Real-name attested addresses get 1 point per GB of balance up to 10 GB, plus 0.1 point for each GB between 10 GB and 100 GB, plus 0.01 point for each GB above 100 GB.
* Unattested addresses get 0.01 point per GB of balance.
* 0.1 point is awarded for each GB of balance increase over the maximum balance in the previous draws, up to a 2x increase.
* 0.2 point is deducted for each GB of balance decrease since the previous draw.


The rules for the next draw are the same.

Simplicity is beauty
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December 28, 2018, 04:09:48 PM
 #21320

Happy Birthday Byteball!!

2 years!
It is a long journey for Byteball and all team members.
The project has witnessed so many important period of the crypto world, sometimes up, sometimes down.
Fortunately, in general Byteball team has grown well over the last 2 years.
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