[GBYTE] Byteball Speculation

[kaicrypzen]

It's useless and too complicated right now

What makes the blackbytes is useless and too complicate?
Distribution or other.

OTC only
Exchange cannot support Blackbytes
No exchange no value

Thanks for your info, because i think black will similar into white bytes.

Technically, there is no reason blackbytes can't be traded on an exchange, it would just involve more work, as users would have to pair with the exchange's device to deposit/withdraw. This might either be done manually or we could imagine a bot interacting with a user who wants to deposit/withdraw.

Blackbytes are a private asset, your balance is only known to you; and the device that you paired with to do a transaction, only knows that transaction. They become anonymous with TOR.

[Djinou94]

It's useless and too complicated right now

What makes the blackbytes is useless and too complicate?
Distribution or other.

OTC only
Exchange cannot support Blackbytes
No exchange no value

Thanks for your info, because i think black will similar into white bytes.

Technically, there is no reason blackbytes can't be traded on an exchange, it would just involve more work, as users would have to pair with the exchange's device to deposit/withdraw. This might either be done manually or we could imagine a bot interacting with a user who wants to deposit/withdraw.

Blackbytes are a private asset, your balance is only known to you; and the device that you paired with to do a transaction, only knows that transaction. They become anonymous with TOR.

Yea well so why dont use Monero or Zcash it's more simple actually

[kaicrypzen]

It's useless and too complicated right now

What makes the blackbytes is useless and too complicate?
Distribution or other.

OTC only
Exchange cannot support Blackbytes
No exchange no value

Thanks for your info, because i think black will similar into white bytes.

Technically, there is no reason blackbytes can't be traded on an exchange, it would just involve more work, as users would have to pair with the exchange's device to deposit/withdraw. This might either be done manually or we could imagine a bot interacting with a user who wants to deposit/withdraw.

Blackbytes are a private asset, your balance is only known to you; and the device that you paired with to do a transaction, only knows that transaction. They become anonymous with TOR.

Yea well so why dont use Monero or Zcash it's more simple actually

Yes it is simpler, as you only send from one address to the other in both Monero and Zcash, however I don't know the technical details to argue which one would be the most private/anonymous.

[rytyr]

Well, we do not really know yet for what we can use BlackByteballs. In my opinion, it is planned for a post fiat money time. When you do not have fiat money anymore you do not convert and then the amount of BlackByteballs is the only value. Also, we do not know yet what role BlackByteballs play in the software's smart contracts and other features that are planned.

[nillohit]

Byteball price slowly regaining its lost post. Very good sign 

[kaicrypzen]

Byteball price slowly regaining its lost post. Very good sign 

On Cryptox, there is a 13 BTC buy order at 0.06 BTC per GB which is keeping the price up, is it a real buy order? If so, will it hold? Let's see how this works out.

[sheld0n]

Byteball gains value. It profits from the Bitcoin ETF decision by the SEC.

[JeffBrad12]

It's useless and too complicated right now

What makes the blackbytes is useless and too complicate?
Distribution or other.

OTC only
Exchange cannot support Blackbytes
No exchange no value

Thanks for your info, because i think black will similar into white bytes.

Technically, there is no reason blackbytes can't be traded on an exchange, it would just involve more work, as users would have to pair with the exchange's device to deposit/withdraw. This might either be done manually or we could imagine a bot interacting with a user who wants to deposit/withdraw.

Blackbytes are a private asset, your balance is only known to you; and the device that you paired with to do a transaction, only knows that transaction. They become anonymous with TOR.

So, blackbytes can't be tradable in everywhere. Will it useless for me to buy blackbytes? thanks dude.

[kaicrypzen]

So, blackbytes can't be tradable in everywhere. Will it useless for me to buy blackbytes? thanks dude.

For the time being they are traded mainly on Slack and here, as I said, technically it's not impossible for an exchange to add them, however noone knows if this will happen or when it will. Blackbytes might have a good spot among privacy-oriented cryptocurrencies in the future, short-term I don't know.

[JeffBrad12]

So, blackbytes can't be tradable in everywhere. Will it useless for me to buy blackbytes? thanks dude.

For the time being they are traded mainly on Slack and here, as I said, technically it's not impossible for an exchange to add them, however noone knows if this will happen or when it will. Blackbytes might have a good spot among privacy-oriented cryptocurrencies in the future, short-term I don't know.

Glad to see the blackbyte will be tradable on the exchange site and thanks for all of your explanation it's really useful for me. Can you give a link to joining on the byteball slack?

[bitcoinissatan]

I am waiting for the distribution to 3 on this day the 12th of March at least supply can be obtained better than yesterday

[kaicrypzen]

Glad to see the blackbyte will be tradable on the exchange site

Well it all depends on the effort an exchange is ready to put into it, don't count on it too much though .

thanks for all of your explanation it's really useful for me.

Any time. You are welcome.

Can you give a link to joining on the byteball slack?

Yes I can, here it is http://slack.byteball.org.

[d@nte]

Nothing to complain about Cryptox, but the volume is really low there. Some new exchanges could bring some attention to Byteball.

[francism]

Nothing to complain about Cryptox, but the volume is really low there. Some new exchanges could bring some attention to Byteball.

Byteball has been on the radar of major exchanges, but they don't want to list it since the distribution is ongoing. IMHO any new exchanges will not bring much volume to byteball.

[tyz]

Nothing to complain about Cryptox, but the volume is really low there. Some new exchanges could bring some attention to Byteball.

Byteball has been on the radar of major exchanges, but they don't want to list it since the distribution is ongoing. IMHO any new exchanges will not bring much volume to byteball.

What is the reason why the exchange does not want to add Byteball because of the ongoing distribution yet? This sound somehow odd to me.

I am wonder that the price keeps very stable. It ranges between $50 and $70 since a couple of weeks. And this despite it is only listed on one low volume trading platform so far and despite a further distribution took place.

[kaicrypzen]

Nothing to complain about Cryptox, but the volume is really low there. Some new exchanges could bring some attention to Byteball.

Byteball has been on the radar of major exchanges, but they don't want to list it since the distribution is ongoing. IMHO any new exchanges will not bring much volume to byteball.

What is the reason why the exchange does not want to add Byteball because of the ongoing distribution yet? This sound somehow odd to me.

Because theoretically, Tony who holds the majority of the bytes, could dump them on the market, we know/hope ^^ he won't, but they don't. And there might be other reasons ...

[freigeist]

And who owns the majority of DASH?!
Can't this be also dumped too?

And who owns the majority of BTC?!
Can't this be also dumped?

For the exchanges is OK to list a coin when is owned by a whale but not if owned by developer?
Why is there a double standard?!

[kaicrypzen]

And who owns the majority of DASH?!
Can't this be also dumped too?

And who owns the majority of BTC?!
Can't this be also dumped?

For the exchanges is OK to list a coin when is owned by a whale but not if owned by developer?
Why is there a double standard?!

The reason behind bytes not being listed, being that the dev holds the majority of the coins, is just a hypothesis, No one really knows why exchanges do what they do .

[sheld0n]

Byteball price increases again. It is a known pattern. Before each distribution the price get slightly pumped. When distribution has been conducted then price goes down again.

[VanDeinsberg12]

Byteball price increases again. It is a known pattern. Before each distribution the price get slightly pumped. When distribution has been conducted then price goes down again.

because the gainers are dumped his coin to the market. And it makes the price gets dumped and it will be back increase again in the future.