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Topic: Obyte: Totally new consensus algorithm + private untraceable payments (Read 1236128 times)

davidoski

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 06:55:29 AM

#11381

Quote from: connexus on July 24, 2017, 06:35:37 AM

Quote from: davidoski on July 24, 2017, 06:17:54 AM

Quote from: HCP on July 24, 2017, 12:54:58 AM

Directly from the Transition Bot, when I linked a new BTC change address just now:

Quote

For the bytes you hold on August 7 you receive 0.2 new byte for each 1 byte of your balance, even if your bytes are not on linked Byteball addresses.

You also receive 0.42222 blackbytes for each 1 byte of your balance on the linked Byteball address, which currently is:

So, you get 0.2 byte per 1 byte... even if that address isn't linked... however, the 0.42222 blackbytes are ONLY for linked ByteBall addresses.

Some bytes are distributed to dead addresses. Addresses that nobody has access to, i.e. lost by somebody due to no backups. I think it would be better to distribute bytes only to linked addresses.

The problem is it would be difficult to prove if a particular wallet address is indeed no longer active or accessible by the original owner.

You just distribute bytes to linked addresses only. If the address is linked it means somebody has access to it. Anyway GBytes that end up in dead addresses just increase the value of the remaining Gbytes so it's not that big of a problem. It's just a bit wasteful but I can live with that.

Chancellor on brink of second bailout for banks

rijktyum

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 06:57:31 AM

#11382

Soon 1 byteball = 1 btc Grin

pockets1989

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 07:18:43 AM

#11383

Quote from: rijktyum on July 24, 2017, 06:57:31 AM

Soon 1 byteball = 1 btc Grin

Still a long way to go but I think we will see a new ATH soon at 0.5btc per gb.

davidoski

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 07:19:05 AM

#11384

Quote from: rijktyum on July 24, 2017, 06:57:31 AM

Soon 1 byteball = 1 btc Grin

What makes you think so?

Chancellor on brink of second bailout for banks

HCP

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<insert witty quote here>

Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 07:35:28 AM

#11385

Quote from: davidoski on July 24, 2017, 06:55:29 AM

But then it's possible that someone linked an address, then lost access to the wallet without a backup, rendering the linked address as "dead" (See all the posts in here from people attempting to recover wallets). There is no real way to know either way...

At least this way, it guarantees that no one (with access) misses out

.
BC.GAME

.
..^CASINO....^SPORTS....^RACING..

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johhnyUA

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Crypto for the Crypto Throne!

Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 07:47:41 AM

#11386

IOTA on Bitfinex now Angry

Why so? I mean, coin with worst technology now traded on the Bitfinex.

.freebitcoin.

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stevebc

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 07:50:31 AM

#11387

Quote from: HCP on July 24, 2017, 12:54:58 AM

Directly from the Transition Bot, when I linked a new BTC change address just now:

Quote

So, you get 0.2 byte per 1 byte... even if that address isn't linked... however, the 0.42222 blackbytes are ONLY for linked ByteBall addresses.

Ok good deal. Don't want to miss out on my GB, not so fussed about the GBB - doesn't seem like folks are putting much of a value on those judging by some of the price quotes I've seen.

Has anyone made a point of swapping some of their GB for more GBB? (essentially betting that GBB is the real future of this coin)

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luvbeening

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 08:08:13 AM

#11388

Quote from: johhnyUA on July 24, 2017, 07:47:41 AM

IOTA on Bitfinex now Angry

Why so? I mean, coin with worst technology now traded on the Bitfinex.

that is probably the reason i don`t want to touch iota at the atm,when a coin with worst technology + a non pro excahnge,you might know what is going on there...manipulation!

kaltun

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 08:14:00 AM

#11389

will the snapshot be announced when its done Roll Eyes

anujjain

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 08:16:47 AM

#11390

Quote from: rijktyum on July 24, 2017, 06:57:31 AM

Soon 1 byteball = 1 btc Grin

Why do you think it will be so soon. Developer need to show more works before non airdrop user will start buying/investing on this coin.

connexus

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 08:17:39 AM

#11391

Quote from: luvbeening on July 24, 2017, 08:08:13 AM

Quote from: johhnyUA on July 24, 2017, 07:47:41 AM

IOTA on Bitfinex now Angry

Why so? I mean, coin with worst technology now traded on the Bitfinex.

that is probably the reason i don`t want to touch iota at the atm,when a coin with worst technology + a non pro excahnge,you might know what is going on there...manipulation!

Actually, IOTA is innovative and revolutionary coin just like byteball and both uses DAG. It won't get listed on Bitfinex if it is crap technology. Who knows bitfinex will also list byteball in the near future.

davidoski

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 08:22:45 AM

#11392

Unfounded excitement - Bitfinex is a crap exchange.

https://en.wikipedia.org/wiki/Bitfinex_hack

Quote

The second-biggest breach of a Bitcoin exchange platform, Bitfinex, caused 120,000 units of digital currency bitcoin, which was about $72 million at the time, to be stolen.

Chancellor on brink of second bailout for banks

anujjain

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 08:26:11 AM

#11393

Quote from: davidoski on July 24, 2017, 08:22:45 AM

Unfounded excitement - Bitfinex is a crap exchange.

https://en.wikipedia.org/wiki/Bitfinex_hack

Quote

The second-biggest breach of a Bitcoin exchange platform, Bitfinex, caused 120,000 units of digital currency bitcoin, which was about $72 million at the time, to be stolen.

If that was the case then why still user trading there and trusting them with their coins.

Even Bitstamp got hacked it's happened sometime this kind of events. But how they handled the situation it's matter more.

davidoski

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 08:53:38 AM

#11394

I would never trust an exchange that had been hacked. If other people do, that's fine. They risk their money, not mine. I don't even trust exchanges that have never been hacked. If I have to exchange btc i do it in small tranches one by one and withdraw immediately.

Chancellor on brink of second bailout for banks

European Central Bank

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 09:55:18 AM

#11395

Quote from: johhnyUA on July 24, 2017, 07:47:41 AM

IOTA on Bitfinex now Angry

Why so? I mean, coin with worst technology now traded on the Bitfinex.

bitfinex is a shit hole with a history of obfuscation, issuing junk tokens and contempt for their customers. i still can't believe it's remained one of the biggest exchanges.

anujjain

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 10:00:49 AM

#11396

Quote from: davidoski on July 24, 2017, 08:53:38 AM

That's better statement that you won't trust any exchange then just abusing exchange where ton of people trusting with their hard earned coins.

Hullo

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 10:12:44 AM

#11397

I had my blockchain.info wallet linked with Byteball before. Now according to changed situation I have transferred to HD Cored wallet which is multisigature. If I understood well now I can link new wallet using sign message, am I right ? If I send directly the funds will keep moving to automated generated addresses.

European Central Bank

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 10:15:14 AM

#11398

Quote from: anujjain on July 24, 2017, 10:00:49 AM

That's better statement that you won't trust any exchange then just abusing exchange where ton of people trusting with their hard earned coins.

they should not be trusting their coins with any exchange, let alone one with a track record as spotty as bitfinex. it should've been wound up and killed off around the hack time but it keeps on coming back. now they've got the tether time bomb which is probably gonna do the crypto scene even more damage when it craters.

anujjain

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 10:19:42 AM

#11399

Quote from: European Central Bank on July 24, 2017, 10:15:14 AM

Quote from: anujjain on July 24, 2017, 10:00:49 AM

That's better statement that you won't trust any exchange then just abusing exchange where ton of people trusting with their hard earned coins.

They do trust exchanges because of fair value of their coins and trading option to earn more coins with trading.
Also they got option to hedge their coins when market so much volatile.

Otherwise exchanging their coins in currency exchange or other peer to peer OTC they have to bear 2-10% fee.

HCP

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

July 24, 2017, 11:13:01 AM

#11400

Quote from: Hullo on July 24, 2017, 10:12:44 AM

Be aware that you cannot (easily) sign messages with a MultiSig address... I'm not sure if Byteball supports the "send a small payment" method to prove address ownership, I dont see the option when I try to link an address. So, you may want to use a standard address wallet rather than MultiSig.

Also, you don't have to use new addresses with HD wallets... it will generate new addresses by default, but the old ones will continue to work.

.
BC.GAME

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..^CASINO....^SPORTS....^RACING..

WELCOME BONUS
UP TO 5 BTC

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