Obyte: Totally new consensus algorithm + private untraceable payments

[Thul]

Whoa, so can someone walk me through how this new name was chosen?

I am glad "ball" was taken out of the name. rofl. But what does the "O" stand for now?

Zero-Bytes

When you think it can't get any worse... 

[Dr_Voidberg]

So it only took Byteball two years to listen to its earliest users about a name change. Now they have gone from a ridiculously bad name to a neutral bad name. I agree Obyte sounds and looks kinda empty and void (0byte), something an overpriced marketing agency would suggest, oh maybe they did. I get no positive vibe from it, but at least no negative anymore.

My prediction for 2019 is this:
Now 0byte can spend its time trying to get back its userbase from early 2017, which was kicked so often into their 0s by this project that everyone left long ago. Tony will continue to make features that noone asked for, although he seems to have slowed down, which is a pity because blockchain tech has evolved and 0byte is lagging behind.
See you in a year!

See below my old 2018 prediction, I would not have thought that a drop out of the top100 is possible, I remember the days when it approached the top20, but so is crypto.

Byteball was the most disappointing crypto of 2017, it failed due to bad management. Its sad to see that this will continue in 2018. I exited my position when I finally realized that this is not a community driven coin at all, but by one person.

The idea behind Byteball was to bootstrap a large community by means of clever distribution. But no community formed because of the way it was/is handled. Tony doesnt realize this at all, that is the worrying part. The community is just a number count for him.

Users cry for a rebrand/unit change? Users propose a new website for free? Users want to help in developing new features? Users ask for new features? Users have critique? Ignore them all, that is Byteball.

Meanwhile he will continue to develop new features that noone asked for, throw them at us and then disappear again to build new features. There will be no dialogue, no information, no roadmap. No money will be spend on rebrands or advertising or anything like that. In a year Byteball will have a zillion features but noone will know about it or care.

There might be new awkward distribution methods, maybe a surprise partnership with a totally unknown small russian business. That might be enough to stay in Top100, but forget about ever reaching IOTA or Raiblocks levels, that is a totally different management league.

[rty]

Based on draw airdrop winner selection algorithm (https://gist.github.com/tonyofbyteball/99b5e5001dc81ed296a0525d5eb38cde) and its revisions, I wrote a Node.js script on Runkit that downloads the snapshot from http://draw.obyte.org/ and recalculates wheter it gets the same results, so here are all the draws so far:
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.6
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.5
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.4
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.3
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.2
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.1

I will keep creating new revisions for upcoming draws too, but you can clone this to your own Runkit account too, this will always download the latest snapshot
https://runkit.com/tarmo888/obyte-draw-airdrop-proof-of-randomness/1.0.0

Check out my clone-code on Repl.it for latest snapshot 6:  https://repl.it/repls/GreedySuperficialData
This can even be used without having the file tree visible

[tarmo888]

So it only took Byteball two years to listen to its earliest users about a name change. Now they have gone from a ridiculously bad name to a neutral bad name. I agree Obyte sounds and looks kinda empty and void (0byte), something an overpriced marketing agency would suggest, oh maybe they did. I get no positive vibe from it, but at least no negative anymore.

My prediction for 2019 is this:
Now 0byte can spend its time trying to get back its userbase from early 2017, which was kicked so often into their 0s by this project that everyone left long ago. Tony will continue to make features that noone asked for, although he seems to have slowed down, which is a pity because blockchain tech has evolved and 0byte is lagging behind.
See you in a year!

See below my old 2018 prediction, I would not have thought that a drop out of the top100 is possible, I remember the days when it approached the top20, but so is crypto.

Byteball was the most disappointing crypto of 2017, it failed due to bad management. Its sad to see that this will continue in 2018. I exited my position when I finally realized that this is not a community driven coin at all, but by one person.

The idea behind Byteball was to bootstrap a large community by means of clever distribution. But no community formed because of the way it was/is handled. Tony doesnt realize this at all, that is the worrying part. The community is just a number count for him.

Users cry for a rebrand/unit change? Users propose a new website for free? Users want to help in developing new features? Users ask for new features? Users have critique? Ignore them all, that is Byteball.

Meanwhile he will continue to develop new features that noone asked for, throw them at us and then disappear again to build new features. There will be no dialogue, no information, no roadmap. No money will be spend on rebrands or advertising or anything like that. In a year Byteball will have a zillion features but noone will know about it or care.

There might be new awkward distribution methods, maybe a surprise partnership with a totally unknown small russian business. That might be enough to stay in Top100, but forget about ever reaching IOTA or Raiblocks levels, that is a totally different management league.

Maybe the problem is you, maybe don't shit-talk a coin and actually use the name like it is indented, it's not 0byte, it's O_byte or Obyte.
I have contributed to Obyte code now almost for a year and I don't see the problems that you describe. So, the problem must be in you.
If you have lost all hope in this coin and sold you coins, why are you still here? Nobody needs you pessimistic predictions, you are not helping.

[Thul]

No matter what you babble. The first impression counts. And it reads: Zero-Byte

[diyhockey]

So it only took Byteball two years to listen to its earliest users about a name change. Now they have gone from a ridiculously bad name to a neutral bad name. I agree Obyte sounds and looks kinda empty and void (0byte), something an overpriced marketing agency would suggest, oh maybe they did. I get no positive vibe from it, but at least no negative anymore.

My prediction for 2019 is this:
Now 0byte can spend its time trying to get back its userbase from early 2017, which was kicked so often into their 0s by this project that everyone left long ago. Tony will continue to make features that noone asked for, although he seems to have slowed down, which is a pity because blockchain tech has evolved and 0byte is lagging behind.
See you in a year!

See below my old 2018 prediction, I would not have thought that a drop out of the top100 is possible, I remember the days when it approached the top20, but so is crypto.

Byteball was the most disappointing crypto of 2017, it failed due to bad management. Its sad to see that this will continue in 2018. I exited my position when I finally realized that this is not a community driven coin at all, but by one person.

The idea behind Byteball was to bootstrap a large community by means of clever distribution. But no community formed because of the way it was/is handled. Tony doesnt realize this at all, that is the worrying part. The community is just a number count for him.

Users cry for a rebrand/unit change? Users propose a new website for free? Users want to help in developing new features? Users ask for new features? Users have critique? Ignore them all, that is Byteball.

Meanwhile he will continue to develop new features that noone asked for, throw them at us and then disappear again to build new features. There will be no dialogue, no information, no roadmap. No money will be spend on rebrands or advertising or anything like that. In a year Byteball will have a zillion features but noone will know about it or care.

There might be new awkward distribution methods, maybe a surprise partnership with a totally unknown small russian business. That might be enough to stay in Top100, but forget about ever reaching IOTA or Raiblocks levels, that is a totally different management league.

This coin has lost its early traction, impressive start and classic altcoin finish. No matter how good things they do, it no longer makes sense for space. Even if Tony invents a "time machine" accept bytes, no one will pay any attention to this project. Most likely "time machine" will be forked by another project and people will use it there.

[tarmo888]

No matter what you babble. The first impression counts. And it reads: Zero-Byte

No matter what Obyte does, you will not like it. Haters gonna hate.

[Thul]

The demands were clear and well-founded: Byteball, Bytes and Blackbytes must disappear as terms.
Now we have Zero-Bytes and still "Bytes" as currency term. Completely imbecile.

Not the critics of this project are the problem, but submissive opportunists.

[tarmo888]

The demands were clear and well-founded: Byteball, Bytes and Blackbytes must disappear as terms.
Now we have Zero-Bytes and still "Bytes" as currency term. Completely imbecile.

Not the critics of this project are the problem, but submissive opportunists.

Whose demands? Your demands? Nobody cares about your demands. You have zero credibility.

People in crypto are weird bunch, they criticise a coin and demand stuff and then sh!t-talk even more because people ignore them.

I think IOTA is shitty coin, but I don't go harass them about it. I focus on good projects.

[diyhockey]

I did some math for obyte lottery, please correct me if i wrong
Alisa bought 100 GB for $3.5k
lottery total fish points 2829. Alisa points: 10 for KYC, 9 for 90 GB
lottery total whale points 79454. Alisa points: 100 for 100 GB
52 draws per year. Winner gets 100 GB ($3.5k) and 211.11 GBB ($200)
Chances of winning over time:
1 year - 34,03% (1 of 52 draws)
2 year - 56,47% (1 of 104)
5 year - 87,50% (1 of 154)
So expected 1 year ROI is 36%. "(3.5 + 0.2) * 34,03% / 3.5". (given that the future is unknown and the price can both go up and fall, it is logical to take into account the current price)
*Given the past behavior of the team, there is good reason to believe that the rules will change or the lottery will be canceled.
*Only 12% of available supply participate in the lottery
*Strategy can be optimized by KYCing your poor friends. It also means that if you do not have poor friends, then your chances will decrease if other participants have such friends.

[tarmo888]

I did some math for obyte lottery, please correct me if i wrong
Alisa bought 100 GB for $3.5k
lottery total fish points 2829. Alisa points: 10 for KYC, 9 for 90 GB
lottery total whale points 79454. Alisa points: 100 for 100 GB
52 draws per year. Winner gets 100 GB ($3.5k) and 211.11 GBB ($200)
Chances of winning over time:
1 year - 34,03% (1 of 52 draws)
2 year - 56,47% (1 of 104)
5 year - 87,50% (1 of 154)
So expected 1 year ROI is 36%. "(3.5 + 0.2) * 34,03% / 3.5". (given that the future is unknown and the price can both go up and fall, it is logical to take into account the current price)
*Given the past behavior of the team, there is good reason to believe that the rules will change or the lottery will be canceled.
*Only 12% of available supply participate in the lottery
*Strategy can be optimized by KYCing your poor friends. It also means that if you do not have poor friends, then your chances will decrease if other participants have such friends.

Yes, rules can change if needed, but not because past behaviour, but also because it was said so in announcement post.
Price will change during one year and amount of people participating changes also during that time.
But it is still lottery with random winner (with an exception that you don't lose your stake), so points and balance doesn't guarantee a win.

[JesusCryptos]

Nice rebranding, even though I find that the words byte and bit are too inflated in the cryptospace - too many coins have those words in their names - so a more radical change of name could have been more effective to better stand out from the crypto-crowd.

Anyway I guess now you should adjust the Obyte signatures for Bitcointalk for those supporters like me who like to wear it even though there is no signature campaign as a motivation.

[tarmo888]

Hopefully, this clears up what the logo is about

[Thul]

"Monero and OpenBazaar seem like a good fit. Given Monero's different codebase, however, more work is required to properly integrate it. Furthermore, there seems to be some confusion about what Monero currently offers API wise. To clear the confusion, I think it would be a good idea to have a discussion thread on the Monero subreddit where the OpenBazaar team discusses, together with the Monero community and developers, a potential Monero integration.

Would the OpenBazaar team be open for this idea?

P.S. I am one of the moderators on r/monero."

https://old.reddit.com/r/OpenBazaar/comments/ahokfs/openbazaar_monero_integration/

[tarmo888]

"Monero and OpenBazaar seem like a good fit. Given Monero's different codebase, however, more work is required to properly integrate it. Furthermore, there seems to be some confusion about what Monero currently offers API wise. To clear the confusion, I think it would be a good idea to have a discussion thread on the Monero subreddit where the OpenBazaar team discusses, together with the Monero community and developers, a potential Monero integration.

Would the OpenBazaar team be open for this idea?

P.S. I am one of the moderators on r/monero."

https://old.reddit.com/r/OpenBazaar/comments/ahokfs/openbazaar_monero_integration/

You posted to wrong topic, this is not Monero nor OpenBazaar topic, this is for Obyte announcements.

[Thul]

"Monero and OpenBazaar seem like a good fit. Given Monero's different codebase, however, more work is required to properly integrate it. Furthermore, there seems to be some confusion about what Monero currently offers API wise. To clear the confusion, I think it would be a good idea to have a discussion thread on the Monero subreddit where the OpenBazaar team discusses, together with the Monero community and developers, a potential Monero integration.

Would the OpenBazaar team be open for this idea?

P.S. I am one of the moderators on r/monero."

https://old.reddit.com/r/OpenBazaar/comments/ahokfs/openbazaar_monero_integration/

You posted to wrong topic, this is not Monero nor OpenBazaar topic, this is for Obyte announcements.

I knew you wouldn't understand the hint.

Note: The competition is not sleeping.

[fuk]

"Monero and OpenBazaar seem like a good fit. Given Monero's different codebase, however, more work is required to properly integrate it. Furthermore, there seems to be some confusion about what Monero currently offers API wise. To clear the confusion, I think it would be a good idea to have a discussion thread on the Monero subreddit where the OpenBazaar team discusses, together with the Monero community and developers, a potential Monero integration.

Would the OpenBazaar team be open for this idea?

P.S. I am one of the moderators on r/monero."

https://old.reddit.com/r/OpenBazaar/comments/ahokfs/openbazaar_monero_integration/

You posted to wrong topic, this is not Monero nor OpenBazaar topic, this is for Obyte announcements.

I knew you wouldn't understand the hint.

Note: The competition is not sleeping.

0byte is out of competition

[Thul]

"Monero and OpenBazaar seem like a good fit. Given Monero's different codebase, however, more work is required to properly integrate it. Furthermore, there seems to be some confusion about what Monero currently offers API wise. To clear the confusion, I think it would be a good idea to have a discussion thread on the Monero subreddit where the OpenBazaar team discusses, together with the Monero community and developers, a potential Monero integration.

Would the OpenBazaar team be open for this idea?

P.S. I am one of the moderators on r/monero."

https://old.reddit.com/r/OpenBazaar/comments/ahokfs/openbazaar_monero_integration/

You posted to wrong topic, this is not Monero nor OpenBazaar topic, this is for Obyte announcements.

I knew you wouldn't understand the hint.

Note: The competition is not sleeping.

0byte is out of competition

Yeah, and just as useful as pears with ears.

[barborrico]

Now they have gone from a ridiculously bad name to a neutral bad name.

A neutral name cannot be bad, by definition. Idiot.

I agree Obyte sounds and looks kinda empty and void (0byte), something an overpriced marketing agency would suggest, oh maybe they did.

Maybe that is because you are empty and void. Obyte is a neutral name, so probably you are projecting your inner emptiness. Or your stupidity. Or both.

I get no positive vibe from it, but at least no negative anymore.

We get no name suggestions from you, maybe because the aforementioned reasons.

The demands were clear and well-founded: Byteball, Bytes and Blackbytes must disappear as terms.

Byteball only. It is done.

Now we have Zero-Bytes and still "Bytes" as currency term. Completely imbecile.

Not the critics of this project are the problem, but submissive opportunists.

Nobody cares about your critics without arguments. But hey! You can still help us by raising the thread! Keep it up, champion!

[Thul]

Not the critics of this project are the problem, but submissive opportunists.

Nobody cares about your critics without arguments.

Arguments? Ha. There were lots of arguments. Not only from me. My contributions in this thread consist almost exclusively of arguments, but this arrogant dictatorship, including its boot-licking minions, proves to be resistant to knowledge.

Neutral name... Yes, the name is so neutral that it drowns in the swamp of bits and bytes. A unique selling point looks different. And it's not just bad, it's a disaster.

Every beginner asks himself unconsciously what this "O" stands for... Zero? OMG? Possibly even a WC over "00" pushes itself into the subconscious.

The first impression, the admission ticket for further interest, you have completely screwed up.

"Byteball" had at least a funny laughable note, and was therefore unique, but now... OMG-Byte. 

In short: You are totally crazy.