Obyte: Totally new consensus algorithm + private untraceable payments

[fuk]

What is the max size of the single transaction you can create in Obyte? How long will it take to process a 100 Gb weight transaction? Will such a transaction be able to disable the nodes?

[1714868007]

1714868007

[1714868007]

1714868007

[tarmo888]

it will be necessary to understand more on your system. and your answer puts things in its place. as they say now, im now realized that im didnt understand anything. thanks for the answer.

You don't understand what is a meaning of toolbox? Did you try Google it? Obyte features are the tools, Obyte product is the toolbox with the tools. That's the full implementation.

Are you saying that it is easier to develop all these features with Solidity, instead of just using those features that are built into Obyte? What needs more understanding of the platform, using some features or building the whole KYC integration from scratch?
Obyte uses lot of same libraries (SHA256,RIPEMD160,BIP32,BIP39) as Bitcoin and Ethereum, but instead of some complicated programming language, it's using Node.js environment. Most of the client libraries for Ethereum are with Node.js anyways.
So, how exactly would be Obyte learning curve steeper than anything else? If you know the basics of Bitcoin or Ethereum, you will feel comfortable with Obyte, just the data structure and consensus are different.

[tarmo888]

What is the max size of the single transaction you can create in Obyte? How long will it take to process a 100 Gb weight transaction? Will such a transaction be able to disable the nodes?

I don't know all the limits, there are different limits depending on message type (posting a poll has stricter limits than posting text), but 100 GB is probably not possible because SQLite would not even able to insert that amount of data at once (max that SQLite query can handle is little over 1GB).
It will not disable the nodes, it will probably make the network slower as there is more data to sync.
Most of the bottlenecks are not network related bandwidth limits, but validating the units instead, which are because of un-optimized SQL queries.

[Thul]

Note: If you do not understand the meaning of 0Byte, then it is your own fault, not 0Byte. 

[fuk]

Real world adoption (how it looks ) https://medium.com/fluidity/factor-805-introducing-dai-into-security-tokens-a02a98f69cd9

ABOUT FACTOR-805
A new, near-completion 37-unit residential condominium building with retail space at 805 Washington Avenue in Brooklyn, NY, situated two blocks from the Brooklyn Botanic Garden
Investors have the option to purchase and receive payment in Dai or fiat, and to switch between the two
Current 12.49% (LIBOR + 10.00%) coupon producing 13.24% yield to expected maturity, payable monthly
Experienced repeat borrower with demonstrated experience in successfully building and selling out residential condominium projects in Brooklyn and Harlem
13 month maturity with the expectation that the first six month extension option will be exercised by the borrower
High demand and rapidly developing neighborhood attributable to its central location, convenient public transportation access, and moderate unit sale prices compared to more developed neighborhoods like Williamsburg and Park Slope

imo MKR will be the best performer for the next years

[jhenfelipe]

Note: If you do not understand the meaning of 0Byte, then it is your own fault, not 0Byte.  

Just a note too, it's Obyte not 0byte. Different, right? You should know the correct name first

[adaseb]

Been a while since I've actually used Byteball. Just wondering if there are any use or markets yet for Blackbytes.

I remember there used to be a service which traded Blackbytes for regular GBytes at a 2% ratio or so. Wondering if that still exists.

I think I tried sending Blackbytes in the past but got some error, for some reason they can't be sent like regular Bytes and need to be sent a special way. Is there some tutorial which discusses on how to send these Blackbytes?

[tarmo888]

Been a while since I've actually used Byteball. Just wondering if there are any use or markets yet for Blackbytes.

I remember there used to be a service which traded Blackbytes for regular GBytes at a 2% ratio or so. Wondering if that still exists.

I think I tried sending Blackbytes in the past but got some error, for some reason they can't be sent like regular Bytes and need to be sent a special way. Is there some tutorial which discusses on how to send these Blackbytes?

Not sure what you mean by markets, but if you mean centralized exchanges like Coinbase, Bittrex or Binance then thank god there is none. Blackbytes should always be sent P2P without middleman, otherwise one entity could start tracking who sent coins to who when the same coins end up back to that entity. Blackbytes are not great for speculative trading because their history grows as it changes hands. Blackbytes should be used for privacy, not for speculative trading. Read more Tony's original idea before it was launched https://bitcointalk.org/index.php?topic=1574508.0

Blackbytes had BEEB bot and Freebe bot exchanges for quite some time, BEEB is closed now, but Freebe was recently bought by Marc de Mesel and is still alive https://www.reddit.com/r/CryptoCurrency/comments/adi3mh/whale_buys_anonymous_blackbytes_byteball_exchange/

Blackbytes are not sent from wallet address to wallet address, they are sent from device to device and that was possible to do only via Obyte chat by pairing 2 devices, but since June 23th 2018, Blackbytes can also be sent on any other messaging platform (just make sure it's end-to-end encrypted) as textcoins https://medium.com/obyte/private-textcoins-6a2288d80757

[Ample_Fire]

Been a while since I've actually used Byteball. Just wondering if there are any use or markets yet for Blackbytes.

I remember there used to be a service which traded Blackbytes for regular GBytes at a 2% ratio or so. Wondering if that still exists.

I think I tried sending Blackbytes in the past but got some error, for some reason they can't be sent like regular Bytes and need to be sent a special way. Is there some tutorial which discusses on how to send these Blackbytes?

Not sure what you mean by markets, but if you mean centralized exchanges like Coinbase, Bittrex or Binance then thank god there is none. Blackbytes should always be sent P2P without middleman, otherwise one entity could start tracking who sent coins to who when the same coins end up back to that entity. Blackbytes are not great for speculative trading because their history grows as it changes hands. Blackbytes should be used for privacy, not for speculative trading. Read more Tony's original idea before it was launched https://bitcointalk.org/index.php?topic=1574508.0

Blackbytes had BEEB bot and Freebe bot exchanges for quite some time, BEEB is closed now, but Freebe was recently bought by Marc de Mesel and is still alive https://www.reddit.com/r/CryptoCurrency/comments/adi3mh/whale_buys_anonymous_blackbytes_byteball_exchange/

Blackbytes are not sent from wallet address to wallet address, they are sent from device to device and that was possible to do only via Obyte chat by pairing 2 devices, but since June 23th 2018, Blackbytes can also be sent on any other messaging platform (just make sure it's end-to-end encrypted) as textcoins https://medium.com/obyte/private-textcoins-6a2288d80757

Quick one here. Obyte community no longer uses this thread, just Slack and Reddit https://www.reddit.com/r/obyte

[tonych]

There is a proposal about extending the Obyte protocol with timestamps
https://docs.google.com/document/d/1L5i0NNL2h7tgf-ZXo18ozHABSlciQUAE5x0ynV7FzyQ/edit

Your opinion is appreciated.

[tonych]

because it's not a same product as PayPal

what Obyte can offer to a legal merchant, that can't offer PayPal (visa, alipay, eth/dai and so on)?

You can view this video to get an idea how Obyte is superior to just plain payments

https://www.youtube.com/watch?v=DhNyD8Cj0dg

[tbct_mt2]

You can view this video to get an idea how Obyte is superior to just plain payments

https://www.youtube.com/watch?v=DhNyD8Cj0dg

The transaction speeds of Obyte is too fast, and transaction done smoothly without congested or delayed.
Furtheremore, the OByte can be use to bet directly.
It is very convenient altcoin.

[Ample_Fire]

You can view this video to get an idea how Obyte is superior to just plain payments

https://www.youtube.com/watch?v=DhNyD8Cj0dg

The transaction speeds of Obyte is too fast, and transaction done smoothly without congested or delayed.
Furtheremore, the OByte can be use to bet directly.
It is very convenient altcoin.

I couldn't agree more. 

By the way, https://www.reddit.com/r/obyte is more informative than this thread.

[Alohaboy?!]

There is a proposal about extending the Obyte protocol with timestamps
https://docs.google.com/document/d/1L5i0NNL2h7tgf-ZXo18ozHABSlciQUAE5x0ynV7FzyQ/edit

Your opinion is appreciated.

Love the concept and the idea of implementing the BIP format for further updates.

[dungp3132]

You can view this video to get an idea how Obyte is superior to just plain payments

https://www.youtube.com/watch?v=DhNyD8Cj0dg

Moreover, the topic, made by LoyceV presents informative details and explanation on Blackbyte:
Byteball: Blackbytes FAQ
Everyone who invested in Obyte, not invested yet but have interests, and have demand to use Blackbytes for transactions should know it.

[Ample_Fire]

You can view this video to get an idea how Obyte is superior to just plain payments

https://www.youtube.com/watch?v=DhNyD8Cj0dg

Moreover, the topic, made by LoyceV presents informative details and explanation on Blackbyte:
Byteball: Blackbytes FAQ
Everyone who invested in Obyte, not invested yet but have interests, and have demand to use Blackbytes for transactions should know it.

Can we continue our discussion here?
https://www.reddit.com/r/obyte/

 

[hopenotlate]

Can we continue our discussion here?
https://www.reddit.com/r/obyte/

By the way, https://www.reddit.com/r/obyte is more informative than this thread.

Why don't you just share the informations cointained in that "more informative" thread here? Why  cut out people following this thread?
Can't get what is wrong with discussing things here,

[obyte312]

We expect to make two significant announcements within the next several weeks, one of which is a new exchange listing!

https://twitter.com/ObyteOrg/status/1100466684702396416

https://i.imgur.com/LriYPOv.png

[Ample_Fire]

Can we continue our discussion here?
https://www.reddit.com/r/obyte/

By the way, https://www.reddit.com/r/obyte is more informative than this thread.

Why don't you just share the informations cointained in that "more informative" thread here? Why  cut out people following this thread?
Can't get what is wrong with discussing things here,

Thank you for still following this thread for the latest Obyte news. Apologies if you think I was trying to cut you off, twas not my intention.

You can also check the Reddit account for other news and updates not posted on this thread.

Cheers, mate! 

[Ample_Fire]

BIoT milestone complete

Stage 1 of the BIoT project has been completed. Watch this short video showing how IoT payment channels can be opened using Obyte.
https://youtu.be/XCGgQ-Tgja0

See the code on Github.
https://github.com/BIoTws/biot_wallet