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    Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1236087 times)

    • DANIEL77
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    January 02, 2017, 03:39:33 PM
     #3021
    Any chances to see Blackbytes on exchanges?

  • metamorphin
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    January 02, 2017, 03:44:01 PM
     #3022
    Quote from: DANIEL77 on January 02, 2017, 03:39:33 PM
    Any chances to see Blackbytes on exchanges?
    No, definitely not.
    But you could open markets over localcrypto.eu.org

    Greetz
    Steve

  • davide72
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    January 02, 2017, 03:45:17 PM
     #3023
    great coin

  • kaicrypzen
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    January 02, 2017, 05:58:21 PM
     #3024
    Quote from: metamorphin on January 02, 2017, 03:44:01 PM
    Quote from: DANIEL77 on January 02, 2017, 03:39:33 PM
    Any chances to see Blackbytes on exchanges?
    No, definitely not.

    Care to elaborate please? Why is it so definite Smiley? I actually don't see any reason why blackbytes couldn't be available on an exchange, so if you have some info to help me understand the no, I would be grateful if you could share it. Thank you.

  • HI-TEC99
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    January 02, 2017, 06:03:03 PM
     #3025
    Quote from: kaicrypzen on January 02, 2017, 05:58:21 PM
    Quote from: metamorphin on January 02, 2017, 03:44:01 PM
    Quote from: DANIEL77 on January 02, 2017, 03:39:33 PM
    Any chances to see Blackbytes on exchanges?
    No, definitely not.

    Care to elaborate please? Why is it so definite Smiley? I actually don't see any reason why blackbytes couldn't be available on an exchange, so if you have some info to help me understand the no, I would be grateful if you could share it. Thank you.


    The owner of the Cryptox.pl exchange says he can easily run a blackbyte market, but with manual deposit/withdrawal. He asked anyone interested to email admin@cryptox.pl.

    Quote from: grzem on January 02, 2017, 10:41:29 AM
    Quote from: Ghoom on January 02, 2017, 09:28:48 AM
    Quote from: grzem on January 02, 2017, 08:49:54 AM
    Since last fix, you can deposit GBYTE using QRcode, it is useful especially for mobile wallets.

    Cryptox.pl

    Good. Any news for Blackbytes trade support ?
    No news, no development resources, probably we can easily run market, but with manual deposit/withdrawal which means there could be delays like in escrow services, and quite high cost of such manual operation (about 50,000 blackbytes). Please email admin@cryptox.pl those who think that's good idea.

  • BTCspace
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    January 02, 2017, 06:31:37 PM
     #3026
    how about CCEX or bittrex?
    running farm worldwide

  • johny08
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    January 02, 2017, 07:05:47 PM
     #3027
    Quote from: BTCspace on January 02, 2017, 06:31:37 PM
    how about CCEX or bittrex?



    not now. maybe later, lets wait for more airdrops and go then mainstream with some more features.

  • greenclover
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    January 02, 2017, 07:09:58 PM
     #3028
    Quote from: tonych on January 02, 2017, 01:09:36 PM
    Quote from: drays on December 31, 2016, 01:38:03 AM
    Quote from: jokumat on December 30, 2016, 08:04:27 PM
    Quote
    Participation in Byteball distribution

    If you missed the 1st round of distribution, you can still participate in the further rounds.  If you were in the 1st round, you can multiply your holdings.  In the second round, which is expected in mid-February, you receive:
    - 62.5 MB for every 1 BTC of proven balance
    - 0.1 new bytes for every 1 byte     (received in the 1st round)

    There was 100 000 GB distributed in the first round.
    This means that there will be 10 000 GB distributed to byteball holders in the second round (0.1 new bytes for every 1 byte received in the 1st round).

    Let us assume that in the second round there will be 100 000 BTC linked.
    This would mean there will be 6250 GB distributed according to BTC balances.

    So most likely the dev will distribute much less bytes in the second round (than in the first round).

    People tend to be suspicious about cryptos where the majority of coins is held by the dev for a long time.

    This is not like Bitcoin where you know everything about the distribution from the beginning. Here we have the dev who reserves the right for himself to distribute most coins arbitrarily in the future. A free airdrop distribution is risky but possible. But here there is one person who controls 90 percent of the total amount of coins and this one person can ARBITRARILY decide about their future distribution. For months, maybe year(s) to come.

    This must make byteball feel like a joke for any serious investor.

    Well, I can consider all other critics to be a FUD, and the concerns about the ICOs included in distribution can be also somehow discarded (I believe that will not do that much harm at the end of the day), but this concern quoted above sounds really important to me!! And it is a somewhat worrying.

    tonych and/or CryptKeeper, could you please address this comment? Its not a simple FUD or grunt of people who are unhappy by distribution. I believe its valid concern.

    If the majority of coins remains at your disposal for so long time, how do you think it will affect the adoption by exchanges or other businesses? You may be the most honest person in the world, and will keep all your promises (and I personally believe you will), but how you can prove that to others, so they believe you will not just dump your undistributed coins?

    Having to keep so many undistributed coins doesn't make me feel comfortable either.  I have to find a balance between distributing fast and distributing wide, which takes more time to allow more people to pull in.  I might move the undistributed funds to a multisig address, I would expect my cosigners to:
    - have a long term interest in the success of Byteball at best, or be neutral at least
    - be non-anonymous
    - have a good reputation in the crypto community
    - be trusted not to collude with me or with each other


    good points and principles. looking forward to the success of byteballs

  • SatoNatomato
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    January 02, 2017, 07:33:02 PM
     #3029
    Quote from: metamorphin on January 02, 2017, 01:16:51 PM
    Quote from: tonych on January 02, 2017, 01:09:36 PM
    Quote from: drays on December 31, 2016, 01:38:03 AM
    Quote from: jokumat on December 30, 2016, 08:04:27 PM
    Quote
    Participation in Byteball distribution

    If you missed the 1st round of distribution, you can still participate in the further rounds.  If you were in the 1st round, you can multiply your holdings.  In the second round, which is expected in mid-February, you receive:
    - 62.5 MB for every 1 BTC of proven balance
    - 0.1 new bytes for every 1 byte     (received in the 1st round)

    There was 100 000 GB distributed in the first round.
    This means that there will be 10 000 GB distributed to byteball holders in the second round (0.1 new bytes for every 1 byte received in the 1st round).

    Let us assume that in the second round there will be 100 000 BTC linked.
    This would mean there will be 6250 GB distributed according to BTC balances.

    So most likely the dev will distribute much less bytes in the second round (than in the first round).

    People tend to be suspicious about cryptos where the majority of coins is held by the dev for a long time.

    This is not like Bitcoin where you know everything about the distribution from the beginning. Here we have the dev who reserves the right for himself to distribute most coins arbitrarily in the future. A free airdrop distribution is risky but possible. But here there is one person who controls 90 percent of the total amount of coins and this one person can ARBITRARILY decide about their future distribution. For months, maybe year(s) to come.

    This must make byteball feel like a joke for any serious investor.

    Well, I can consider all other critics to be a FUD, and the concerns about the ICOs included in distribution can be also somehow discarded (I believe that will not do that much harm at the end of the day), but this concern quoted above sounds really important to me!! And it is a somewhat worrying.

    tonych and/or CryptKeeper, could you please address this comment? Its not a simple FUD or grunt of people who are unhappy by distribution. I believe its valid concern.

    If the majority of coins remains at your disposal for so long time, how do you think it will affect the adoption by exchanges or other businesses? You may be the most honest person in the world, and will keep all your promises (and I personally believe you will), but how you can prove that to others, so they believe you will not just dump your undistributed coins?

    Having to keep so many undistributed coins doesn't make me feel comfortable either.  I have to find a balance between distributing fast and distributing wide, which takes more time to allow more people to pull in.  I might move the undistributed funds to a multisig address, I would expect my cosigners to:
    - have a long term interest in the success of Byteball at best, or be neutral at least
    - be non-anonymous
    - have a good reputation in the crypto community
    - be trusted not to collude with me or with each other


    The hour for a byteball-foundation. I suggest you, to have 3 multisig-keys for members from the industry to invest in and gain value/interests for byteball.

    Greetz
    Steve
    Please no, I trust tonych more than "plus 2 people" especially if they are from "industry".

    Tony please maintain control of byteball, and distribution until all 99% are distributed by you.

    Inviting "industry" people is catastrophoe, recipe for political disaster. This industry is known for being crooked and dishonest, thieves and lowlives fighting for breadcrumbs. What byteball is so far is because of tonych. And his sole decisions.

    All hail tonych.

  • yvv
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    January 02, 2017, 08:34:06 PM
     #3030
    Quote from: tonych on January 02, 2017, 01:09:36 PM
    Quote from: drays on December 31, 2016, 01:38:03 AM
    Quote from: jokumat on December 30, 2016, 08:04:27 PM
    Quote
    Participation in Byteball distribution

    If you missed the 1st round of distribution, you can still participate in the further rounds.  If you were in the 1st round, you can multiply your holdings.  In the second round, which is expected in mid-February, you receive:
    - 62.5 MB for every 1 BTC of proven balance
    - 0.1 new bytes for every 1 byte     (received in the 1st round)

    There was 100 000 GB distributed in the first round.
    This means that there will be 10 000 GB distributed to byteball holders in the second round (0.1 new bytes for every 1 byte received in the 1st round).

    Let us assume that in the second round there will be 100 000 BTC linked.
    This would mean there will be 6250 GB distributed according to BTC balances.

    So most likely the dev will distribute much less bytes in the second round (than in the first round).

    People tend to be suspicious about cryptos where the majority of coins is held by the dev for a long time.

    This is not like Bitcoin where you know everything about the distribution from the beginning. Here we have the dev who reserves the right for himself to distribute most coins arbitrarily in the future. A free airdrop distribution is risky but possible. But here there is one person who controls 90 percent of the total amount of coins and this one person can ARBITRARILY decide about their future distribution. For months, maybe year(s) to come.

    This must make byteball feel like a joke for any serious investor.

    Well, I can consider all other critics to be a FUD, and the concerns about the ICOs included in distribution can be also somehow discarded (I believe that will not do that much harm at the end of the day), but this concern quoted above sounds really important to me!! And it is a somewhat worrying.

    tonych and/or CryptKeeper, could you please address this comment? Its not a simple FUD or grunt of people who are unhappy by distribution. I believe its valid concern.

    If the majority of coins remains at your disposal for so long time, how do you think it will affect the adoption by exchanges or other businesses? You may be the most honest person in the world, and will keep all your promises (and I personally believe you will), but how you can prove that to others, so they believe you will not just dump your undistributed coins?

    Having to keep so many undistributed coins doesn't make me feel comfortable either.  I have to find a balance between distributing fast and distributing wide, which takes more time to allow more people to pull in.  I might move the undistributed funds to a multisig address, I would expect my cosigners to:
    - have a long term interest in the success of Byteball at best, or be neutral at least
    - be non-anonymous
    - have a good reputation in the crypto community
    - be trusted not to collude with me or with each other


    Any sense on who might be interested in running business on byteball, such as being a gateway, issuing assets? They could be good candidates to help with distribution.
    .

  • freezal
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    January 02, 2017, 08:46:39 PM
    Last edit: January 02, 2017, 08:57:39 PM by freezal
     #3031
    Quote from: SatoNatomato on January 02, 2017, 07:33:02 PM
    Quote from: metamorphin on January 02, 2017, 01:16:51 PM
    Quote from: tonych on January 02, 2017, 01:09:36 PM
    Quote from: drays on December 31, 2016, 01:38:03 AM
    Quote from: jokumat on December 30, 2016, 08:04:27 PM
    Quote
    Participation in Byteball distribution

    If you missed the 1st round of distribution, you can still participate in the further rounds.  If you were in the 1st round, you can multiply your holdings.  In the second round, which is expected in mid-February, you receive:
    - 62.5 MB for every 1 BTC of proven balance
    - 0.1 new bytes for every 1 byte     (received in the 1st round)

    There was 100 000 GB distributed in the first round.
    This means that there will be 10 000 GB distributed to byteball holders in the second round (0.1 new bytes for every 1 byte received in the 1st round).

    Let us assume that in the second round there will be 100 000 BTC linked.
    This would mean there will be 6250 GB distributed according to BTC balances.

    So most likely the dev will distribute much less bytes in the second round (than in the first round).

    People tend to be suspicious about cryptos where the majority of coins is held by the dev for a long time.

    This is not like Bitcoin where you know everything about the distribution from the beginning. Here we have the dev who reserves the right for himself to distribute most coins arbitrarily in the future. A free airdrop distribution is risky but possible. But here there is one person who controls 90 percent of the total amount of coins and this one person can ARBITRARILY decide about their future distribution. For months, maybe year(s) to come.

    This must make byteball feel like a joke for any serious investor.

    Well, I can consider all other critics to be a FUD, and the concerns about the ICOs included in distribution can be also somehow discarded (I believe that will not do that much harm at the end of the day), but this concern quoted above sounds really important to me!! And it is a somewhat worrying.

    tonych and/or CryptKeeper, could you please address this comment? Its not a simple FUD or grunt of people who are unhappy by distribution. I believe its valid concern.

    If the majority of coins remains at your disposal for so long time, how do you think it will affect the adoption by exchanges or other businesses? You may be the most honest person in the world, and will keep all your promises (and I personally believe you will), but how you can prove that to others, so they believe you will not just dump your undistributed coins?

    Having to keep so many undistributed coins doesn't make me feel comfortable either.  I have to find a balance between distributing fast and distributing wide, which takes more time to allow more people to pull in.  I might move the undistributed funds to a multisig address, I would expect my cosigners to:
    - have a long term interest in the success of Byteball at best, or be neutral at least
    - be non-anonymous
    - have a good reputation in the crypto community
    - be trusted not to collude with me or with each other


    The hour for a byteball-foundation. I suggest you, to have 3 multisig-keys for members from the industry to invest in and gain value/interests for byteball.

    Greetz
    Steve
    Please no, I trust tonych more than "plus 2 people" especially if they are from "industry".

    Tony please maintain control of byteball, and distribution until all 99% are distributed by you.

    Inviting "industry" people is catastrophoe, recipe for political disaster. This industry is known for being crooked and dishonest, thieves and lowlives fighting for breadcrumbs. What byteball is so far is because of tonych. And his sole decisions.

    All hail tonych.


    I agree completely with this assessment.
    Please tonich, don't do this. Keep control of this project till it can survive by itself.  This project need time for the best minds to learn its principles and can form a shield against all the deceivers that will pop up and try to take it over. I think this is the time for those that have the knowledge to help clarify all technical and design aspects of byteball. I know that now there is only a few advanced technical questions, but this soon will change. By the time technical discussions evolve, hopefully the economy will be able to choose direction based on wisdom of wise men ike you and others.
    Please, keep politics out of it.

    edit: forget some points

  • grajson
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    January 02, 2017, 10:28:44 PM
     #3032
    Hi, at the 24th december I linked my btc address by sending requested ammount to the address pointed by transition bot. Later bot informed me that it see the payment but waiting for confirmations so I assumed it was enough to receive bytes. Now when I came back from holidays I see that my bytes wallet is still empty.

    Here the tx https://blockchain.info/pl/tx/7d3eb212743e3d61236fb62af8d58fd53377cc957f148a9701806867620aebc8

    Will I be able to claim my bytes?
    XAURUM |  The only cryptocurrency with a growing gold base, is being reborn on 18th of July.

  • HI-TEC99
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    January 02, 2017, 10:39:46 PM
     #3033
    Quote from: grajson on January 02, 2017, 10:28:44 PM
    Hi, at the 24th december I linked my btc address by sending requested ammount to the address pointed by transition bot. Later bot informed me that it see the payment but waiting for confirmations so I assumed it was enough to receive bytes. Now when I came back from holidays I see that my bytes wallet is still empty.

    Here the tx https://blockchain.info/pl/tx/7d3eb212743e3d61236fb62af8d58fd53377cc957f148a9701806867620aebc8

    Will I be able to claim my bytes?

    You can check here.

    http://transition.byteball.org/

    The Bitcoin address 19Zy4DMKvhvYReZUqcmit9BxQuFZY1WpRj associated with that transaction contains 2.69717200 Bitcoins, and the linked byteball address 7CHYHBLTG57TM7NHS7DZSRFMCAV25WSX contains 0.0038% of all the byteballs distributed.

    You can check your byteball address balance here.

    https://explorer.byteball.org

    The byteball address 7CHYHBLTG57TM7NHS7DZSRFMCAV25WSX contains 3811934152 bytes.

    https://explorer.byteball.org/#7CHYHBLTG57TM7NHS7DZSRFMCAV25WSX

  • CryptKeeper
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    January 02, 2017, 10:43:48 PM
     #3034
    Quote from: grajson on January 02, 2017, 10:28:44 PM
    Hi, at the 24th december I linked my btc address by sending requested ammount to the address pointed by transition bot. Later bot informed me that it see the payment but waiting for confirmations so I assumed it was enough to receive bytes. Now when I came back from holidays I see that my bytes wallet is still empty.

    Here the tx https://blockchain.info/pl/tx/7d3eb212743e3d61236fb62af8d58fd53377cc957f148a9701806867620aebc8

    Will I be able to claim my bytes?

    Please update to v1.0.0 of the wallet. This update is mandatory to receive your Bytes and Blackbytes!
    Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!

  • grajson
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    January 02, 2017, 11:25:26 PM
     #3035
    Thanks HI-TEC99 and CryptKeeper for clarification Smiley

    What exactly I need to do to secure a backup before update to v1.0.0?

    "To restore wallets, you will need a full backup of Byteball settings. Just the wallet seed is not enough"
    XAURUM |  The only cryptocurrency with a growing gold base, is being reborn on 18th of July.

  • grajson
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    January 02, 2017, 11:34:25 PM
     #3036
    I actually installed v1.0.0 wallet on my android device but no clue how to upload to it my byteball address where the bytes were distributed.
    XAURUM |  The only cryptocurrency with a growing gold base, is being reborn on 18th of July.

  • HI-TEC99
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    January 02, 2017, 11:40:48 PM
     #3037
    Quote from: grajson on January 02, 2017, 11:25:26 PM
    Thanks HI-TEC99 and CryptKeeper for clarification Smiley

    What exactly I need to do to secure a backup before update to v1.0.0?

    "To restore wallets, you will need a full backup of Byteball settings. Just the wallet seed is not enough"

    It's vital to backup this windows folder to ensure you get your blackbytes.

    C:\users\<your user name>\AppData\Local\Byteball

    The folder is normally hidden. If you haven't configured your computer to make it visible then click the windows orb, type %appdata% into the search box and press enter, Your hidden appdata folder should open.

    It's also important to back up your wallet words (the seed) that you can view in the advanced section of your wallet.

  • grajson
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    January 02, 2017, 11:54:32 PM
     #3038
    Got it! Both bytes and blackbytes:) thank you so much!
    XAURUM |  The only cryptocurrency with a growing gold base, is being reborn on 18th of July.

  • drays
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    January 02, 2017, 11:58:10 PM
     #3039
    Quote from: grajson on January 02, 2017, 11:54:32 PM
    Got it! Both bytes and blackbytes:) thank you so much!

    Make sure to backup your wallet directory once more after you got the BB. Blackbytes are stored locally, so you would better backup the dir every time when you get considerable amounts.
    ... this space is not for rent ...

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    January 03, 2017, 12:05:11 AM
    Last edit: January 03, 2017, 01:21:00 AM by drays
     #3040
    Quote from: freezal on January 02, 2017, 08:46:39 PM
    Quote from: SatoNatomato on January 02, 2017, 07:33:02 PM
    Quote from: metamorphin on January 02, 2017, 01:16:51 PM
    Quote from: tonych on January 02, 2017, 01:09:36 PM
    Having to keep so many undistributed coins doesn't make me feel comfortable either.  I have to find a balance between distributing fast and distributing wide, which takes more time to allow more people to pull in.  I might move the undistributed funds to a multisig address, I would expect my cosigners to:
    - have a long term interest in the success of Byteball at best, or be neutral at least
    - be non-anonymous
    - have a good reputation in the crypto community
    - be trusted not to collude with me or with each other


    The hour for a byteball-foundation. I suggest you, to have 3 multisig-keys for members from the industry to invest in and gain value/interests for byteball.

    Greetz
    Steve
    Please no, I trust tonych more than "plus 2 people" especially if they are from "industry".

    Tony please maintain control of byteball, and distribution until all 99% are distributed by you.

    Inviting "industry" people is catastrophoe, recipe for political disaster. This industry is known for being crooked and dishonest, thieves and lowlives fighting for breadcrumbs. What byteball is so far is because of tonych. And his sole decisions.

    All hail tonych.


    I agree completely with this assessment.
    Please tonich, don't do this. Keep control of this project till it can survive by itself.  This project need time for the best minds to learn its principles and can form a shield against all the deceivers that will pop up and try to take it over. I think this is the time for those that have the knowledge to help clarify all technical and design aspects of byteball. I know that now there is only a few advanced technical questions, but this soon will change. By the time technical discussions evolve, hopefully the economy will be able to choose direction based on wisdom of wise men ike you and others.
    Please, keep politics out of it.

    edit: forget some points

    Giving the key holders too much power indeed could be bad idea. But holding the funds in a multisig address is a great solution. We may all trust tonych, but the point is - not everyone will trust a single man to keep all the funds. Its easier to trust a group of unrelated people than one person. "Power is a great seducer." Smiley The funds keepers only need to be honest people with very good reputation, and guarantee the funds will be intact. They should not hold any power on making decisions, or invest or moreover to have some interest.

    They just should hold and be responsive. Having those funds secured until distribution will make it easier for the project to attract more investors, and clear up FUD. In any case, though I "hail" no-one Smiley, I am sure tonych makes the right decision on this Smiley
    ... this space is not for rent ...
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