Obyte: Totally new consensus algorithm + private untraceable payments

[pineapple express]

You are both right about the skin in the game. Yes any value is the skin in the game. And not always equal value is of equal importance. Obviously, the value earned by one’s own hard work is more important than the value obtained without much effort (lottery, inheritance, high return passive investment)

[1713867766]

1713867766

[1713867766]

1713867766

[1713867766]

1713867766

[aigeezer]

The "skin in the game" issue is an instance of what the ancient Greeks called a "sorites" or heap paradox. They show up in all sorts of places. Corny example - you can't make a person rich by giving the person a penny, but if you do it again and again, eventually the person becomes rich. When, exactly, do they become rich? There is no clear answer, hence paradox. Skin in the game is still a useful concept, if not a precise measure of something. Side note - the penny story makes a nice proof by example that this old chestnut is false: "doing the same thing over and over while expecting different results is the definition of insanity." Life is sooooo complicated.   

Anyway. Obyte is one of my faves as a candidate to replace fiat, but the magic hasn't happened yet. Ya never know when the moment might come though.

[garyn]

Is there anyone here from the Byte ball Team or company to answer a quick question?

[bibonix]

Is this thing minable? I have a farm running in China. Which algorithm do you guys use? PM me if you need this to be mined. I am open for suggestions.

[jwinterm]

Is this thing minable? I have a farm running in China. Which algorithm do you guys use? PM me if you need this to be mined. I am open for suggestions.

No. Coins are distributed at the whim of one guy named Tony.

[barborrico]

No. Coins are distributed at the whim of one guy named long term thinking.

Now it is better said.

[tarmo888]

Is this thing minable? I have a farm running in China. Which algorithm do you guys use? PM me if you need this to be mined. I am open for suggestions.

No. Coins are distributed at the whim of one guy named Tony.

Nice FUD, but in order that to be true, he would need to have control of which transactions end up in Bitcoin block on Friday noon UTC.

[jwinterm]

Is this thing minable? I have a farm running in China. Which algorithm do you guys use? PM me if you need this to be mined. I am open for suggestions.

No. Coins are distributed at the whim of one guy named Tony.

Nice FUD, but in order that to be true, he would need to have control of which transactions end up in Bitcoin block on Friday noon UTC.

This week it's based on bitcoin txs, next week it's whoever posts a pic of something round on insta, following week it's whatever he feels like. This thing went to shit when the distributor decided that he would do away with the initial distribution social contact, and it's gotten shittier and shittier the further Lord Almighty distributor has veered away from it. You can call it FUD but the only metrics that matter, price and engagement, have objectively fallen off a fucking cliff. Happy Friday 

[tarmo888]

Is this thing minable? I have a farm running in China. Which algorithm do you guys use? PM me if you need this to be mined. I am open for suggestions.

No. Coins are distributed at the whim of one guy named Tony.

Nice FUD, but in order that to be true, he would need to have control of which transactions end up in Bitcoin block on Friday noon UTC.

This week it's based on bitcoin txs, next week it's whoever posts a pic of something round on insta, following week it's whatever he feels like. This thing went to shit when the distributor decided that he would do away with the initial distribution social contact, and it's gotten shittier and shittier the further Lord Almighty distributor has veered away from it. You can call it FUD but the only metrics that matter, price and engagement, have objectively fallen off a fucking cliff. Happy Friday  

Aren't you advocating that this situation needs to be changed at the same time when you are saying it is changing too much? Which one is it then? Should a distribution be left unchanged if it doesn't archive it's goal and should the distribution be written in stone even if it turns out to be hurting the project? Where are all those initial distribution social contract people, was that really a good distribution? If it was, then where are they? They just sit on their balls and that's it, no use of them for the project at all.

Do you understand that Obyte would stick to one distribution if it would find the one that works and wherever it works, the #ophoto campaign reached people, which WCGrid distribution probably didn't reach. More varied people than just hard-core hodlers is better for the project in a long run.

[tarmo888]

We are still open for suggestions of better distribution methods. On paper, everybody would create a better cryptocurrency and better distribution, but in reality, people just like to whine. Be different, get creative.
https://medium.com/obyte/distribution-methods-revisited-we-need-you-b0a38800b722

If you could develop the distribution with Autonomous Agents then it will be even better because the distribution could be done even more transparent because all the data would be on public DAG,. As a developer, you would be helping to make Obyte more tested by the time of AA mainnet launch and while coming up with new distribution method, you could win prizes.
https://medium.com/obyte/obyte-autonomous-agents-developer-contest-6a67ae3dacd2

Even if your new distribution method sucks, but you are good at finding show-stopping bugs that crash the whole testnet network, you could still win a prize for helping to discover bugs like that.
https://medium.com/obyte/third-round-of-obyte-autonomous-agents-developer-contest-4a7df3d70b29

If your idea is to burn the whole distribution fund on Bitcoin holders then no need to apply, Obyte tried that already and it didn't work. Good distribution is not the one that burns the distribution fund faster, but the one that actually brings more people to Obyte who will stick around and actually use it.

[jwinterm]

Is this thing minable? I have a farm running in China. Which algorithm do you guys use? PM me if you need this to be mined. I am open for suggestions.

No. Coins are distributed at the whim of one guy named Tony.

Nice FUD, but in order that to be true, he would need to have control of which transactions end up in Bitcoin block on Friday noon UTC.

This week it's based on bitcoin txs, next week it's whoever posts a pic of something round on insta, following week it's whatever he feels like. This thing went to shit when the distributor decided that he would do away with the initial distribution social contact, and it's gotten shittier and shittier the further Lord Almighty distributor has veered away from it. You can call it FUD but the only metrics that matter, price and engagement, have objectively fallen off a fucking cliff. Happy Friday  

Aren't you advocating that this situation needs to be changed at the same time when you are saying it is changing too much? Which one is it then? Should a distribution be left unchanged if it doesn't archive it's goal and should the distribution be written in stone even if it turns out to be hurting the project? Where are all those initial distribution social contract people, was that really a good distribution? If it was, then where are they? They just sit on their balls and that's it, no use of them for the project at all.

Do you understand that Obyte would stick to one distribution if it would find the one that works and wherever it works, the #ophoto campaign reached people, which WCGrid distribution probably didn't reach. More varied people than just hard-core hodlers is better for the project in a long run.

No, I'm saying he fucked it up and you can't put Humpty Dumpty back together again.

[StandingTall]

We are still open for suggestions of better distribution methods.

I think translators of the wallet app should be rewarded for their work. They spend time working and allow users to operate wallet in native languages which brings value to the network. Alas they get nothing in return. Instead funds are spent on random people with lottery.

The wallet app is translated 100% in only 10 languages. Some incentive wouldn't hurt.

[CryptoRobert]

We are still open for suggestions of better distribution methods.

I think translators of the wallet app should be rewarded for their work. They spend time working and allow users to operate wallet in native languages which brings value to the network. Alas they get nothing in return. Instead funds are spent on random people with lottery.

The wallet app is translated 100% in only 10 languages. Some incentive wouldn't hurt.

I second that. Bounties for HQ work would put bytes in the hands of people who really deserve them - which surely would benefit adoption. Indeed it's a nonsense NOT to pay translators while giving out tons of bytes to random lottery winners. I could myself do excellent translations in Italian, should they be needed and should there be a reward for that.

[tarmo888]

We are still open for suggestions of better distribution methods.

I think translators of the wallet app should be rewarded for their work. They spend time working and allow users to operate wallet in native languages which brings value to the network. Alas they get nothing in return. Instead funds are spent on random people with lottery.

The wallet app is translated 100% in only 10 languages. Some incentive wouldn't hurt.

I second that. Bounties for HQ work would put bytes in the hands of people who really deserve them - which surely would benefit adoption. Indeed it's a nonsense NOT to pay translators while giving out tons of bytes to random lottery winners. I could myself do excellent translations in Italian, should they be needed and should there be a reward for that.

What are you guys talking about? The translators have always been rewarded for their previous translations and there was just week ago a translation campaign announcement on Discord to translate the GUI wallet again because lot of texts have changed since most of the languages were translated last time. Italian is already fully translated and will be released with new version.

We initially accepted only DaVinci and Utopian.io translators/proofreaders because the quality was higher there, but now we have extended it to community members too (people who actually use the app). Translations are funded from community fund (donations from Realname Attestation bot and fees from Username Attestation bot). There isn't that much to translate as there is funds in distribution fund, so your criticism on other distribution methods (draw airdrop is not the only one) doesn't make much sense.

[StandingTall]

What are you guys talking about? The translators have always been rewarded for their previous translations and there was just week ago a translation campaign announcement on Discord to translate the GUI wallet again because lot of texts have changed since most of the languages were translated last time. Italian is already fully translated and will be released with new version.

We initially accepted only DaVinci and Utopian.io translators/proofreaders because the quality was higher there, but now we have extended it to community members too (people who actually use the app). Translations are funded from community fund (donations from Realname Attestation bot and fees from Username Attestation bot). There isn't that much to translate as there is funds in distribution fund, so your criticism on other distribution methods (draw airdrop is not the only one) doesn't make much sense.

What are the rules for these supposed rewards?

[tarmo888]

What are you guys talking about? The translators have always been rewarded for their previous translations and there was just week ago a translation campaign announcement on Discord to translate the GUI wallet again because lot of texts have changed since most of the languages were translated last time. Italian is already fully translated and will be released with new version.

We initially accepted only DaVinci and Utopian.io translators/proofreaders because the quality was higher there, but now we have extended it to community members too (people who actually use the app). Translations are funded from community fund (donations from Realname Attestation bot and fees from Username Attestation bot). There isn't that much to translate as there is funds in distribution fund, so your criticism on other distribution methods (draw airdrop is not the only one) doesn't make much sense.

What are the rules for these supposed rewards?

You need to signup on Crowdin, where all the translation are.
You translate all the strings, so the wallet is 100% translated.
You translate it so it actually makes sense and is not just a straight machine translation.
Somebody else needs to proofread all the strings.
Some chat bots can be translated too, but right now we translating wallet because it has had most changes, website probably will be translated again when the rebranding is finished.

[layer1gfx]

We are still open for suggestions of better distribution methods.

I think translators of the wallet app should be rewarded for their work. They spend time working and allow users to operate wallet in native languages which brings value to the network. Alas they get nothing in return. Instead funds are spent on random people with lottery.

The wallet app is translated 100% in only 10 languages. Some incentive wouldn't hurt.

I second that. Bounties for HQ work would put bytes in the hands of people who really deserve them - which surely would benefit adoption. Indeed it's a nonsense NOT to pay translators while giving out tons of bytes to random lottery winners. I could myself do excellent translations in Italian, should they be needed and should there be a reward for that.

What are you guys talking about? The translators have always been rewarded for their previous translations and there was just week ago a translation campaign announcement on Discord to translate the GUI wallet again because lot of texts have changed since most of the languages were translated last time. Italian is already fully translated and will be released with new version.

We initially accepted only DaVinci and Utopian.io translators/proofreaders because the quality was higher there, but now we have extended it to community members too (people who actually use the app). Translations are funded from community fund (donations from Realname Attestation bot and fees from Username Attestation bot). There isn't that much to translate as there is funds in distribution fund, so your criticism on other distribution methods (draw airdrop is not the only one) doesn't make much sense.

i remember translations have been handled on crowdin a year ago: https://crowdin.com/project/byteball

that was before translations have been handled via discord / davinci / utopian.io.
i can check what has been done around that time, maybe we could discuss a belated compensation for german translation work, since i didn't get paid.

i will also check on discord if any help is needed for the GUI translation.

[CryptoRobert]

We are still open for suggestions of better distribution methods.

I think translators of the wallet app should be rewarded for their work. They spend time working and allow users to operate wallet in native languages which brings value to the network. Alas they get nothing in return. Instead funds are spent on random people with lottery.

The wallet app is translated 100% in only 10 languages. Some incentive wouldn't hurt.

I second that. Bounties for HQ work would put bytes in the hands of people who really deserve them - which surely would benefit adoption. Indeed it's a nonsense NOT to pay translators while giving out tons of bytes to random lottery winners. I could myself do excellent translations in Italian, should they be needed and should there be a reward for that.

What are you guys talking about? The translators have always been rewarded for their previous translations and there was just week ago a translation campaign announcement on Discord to translate the GUI wallet again because lot of texts have changed since most of the languages were translated last time. Italian is already fully translated and will be released with new version.

We initially accepted only DaVinci and Utopian.io translators/proofreaders because the quality was higher there, but now we have extended it to community members too (people who actually use the app). Translations are funded from community fund (donations from Realname Attestation bot and fees from Username Attestation bot). There isn't that much to translate as there is funds in distribution fund, so your criticism on other distribution methods (draw airdrop is not the only one) doesn't make much sense.

i remember translations have been handled on crowdin a year ago: https://crowdin.com/project/byteball

that was before translations have been handled via discord / davinci / utopian.io.
i can check what has been done around that time, maybe we could discuss a belated compensation for german translation work, since i didn't get paid.

i will also check on discord if any help is needed for the GUI translation.

I remember clearly that a few years ago translations were not paid at all. I would have loved do the Italian translation then, which was missing, but then I didn't since there was no reward for that - while at the same time tons of Gigabytes where thrown at BTC holders. Perhaps you were not in Byteball community back then tarmo888.

[tarmo888]

i remember translations have been handled on crowdin a year ago: https://crowdin.com/project/byteball

that was before translations have been handled via discord / davinci / utopian.io.
i can check what has been done around that time, maybe we could discuss a belated compensation for german translation work, since i didn't get paid.

i will also check on discord if any help is needed for the GUI translation.

I remember clearly that a few years ago translations were not paid at all. I would have loved do the Italian translation then, which was missing, but then I didn't since there was no reward for that - while at the same time tons of Gigabytes where thrown at BTC holders. Perhaps you were not in Byteball community back then tarmo888.

Maybe there wasn't translations campaigns during the first year, but there has been rewards since 2018 March, but that mainly DaVinci and Utopian.io translators, so others were not even accepted to join Crowdin project back then, unless they were also Slack community member. Somebody called Robert got paid for Italian translations in 2018 June.

Translations are still handled via Crowdin, the community is just on Discord now.

[StandingTall]

You need to signup on Crowdin, where all the translation are.
You translate all the strings, so the wallet is 100% translated.
You translate it so it actually makes sense and is not just a straight machine translation.
Somebody else needs to proofread all the strings.

And then who gets what?