how to use the bot? i launch the client and copy past that link on my browser? but all i get is upgrade required, and nothing happened, i have the last version
This is a pairing code: in the Byteball Wallet, pair your wallet with the bot. 
Topic: Byteball: Blackbytes FAQ - page 4. (Read 27712 times)
There is now a bot for Blackbytes trading: [email protected]/bb#0000
You can sell or buy batches of Blackbytes chatting with this bot.
You can sell or buy batches of Blackbytes chatting with this bot.
it is marked as semi-trustless at the store. What does it mean and how does it differ from BEEP bot?
how to use the bot? i launch the client and copy past that link on my browser? but all i get is upgrade required, and nothing happened, i have the last version
it is marked as semi-trustless at the store. What does it mean and how does it differ from BEEP bot?
Yes you can sell or buy blackbytes with the freebe bot. Its semi-trustless because you exchange your funds with conditional payments and therefore can not be scammed by other users or the exchange operator. It also has a website with orderbook apparently: http://freebe.byte-ball.com/
There is now a bot for Blackbytes trading: [email protected]/bb#0000
You can sell or buy batches of Blackbytes chatting with this bot.
You can sell or buy batches of Blackbytes chatting with this bot.
it is marked as semi-trustless at the store. What does it mean and how does it differ from BEEP bot?
There is now a bot for Blackbytes trading: [email protected]/bb#0000
You can sell or buy batches of Blackbytes chatting with this bot.
You can sell or buy batches of Blackbytes chatting with this bot.
I've cleaned up this thread a bit, to keep it compact.
In short, the value of GBYTE went up when Bittrex added it, GBB lacks behind as it's difficult to trade. Say from 1 GBYTE = 6 GBB to now more like 60 GBB.
I'm still working on my trading thread, but it's not really a priority and won't replace the need for an exchange.
From the Whitepaper:
How is it possible to know which is the price trend of GBB vs GB? We know from Slack the market prices of today, but how to understand the trend? Nobody has collected historic data of price relation?
Check this: Byteballs ::: Buying & Selling & Trading.In short, the value of GBYTE went up when Bittrex added it, GBB lacks behind as it's difficult to trade. Say from 1 GBYTE = 6 GBB to now more like 60 GBB.
I'm still working on my trading thread, but it's not really a priority and won't replace the need for an exchange.
Question: AFAIU, for BlackByte transactions you need to pay fees in Bytes (not black). Does it not compromise anonymity of the Blackbyte transaction? that is, is it not possible to see where the fee is coming from?
You can see which address paid a fee to transfer a private asset. You can't see which private asset that is, or where it was sent.From the Whitepaper:
Quote
Note that spend proof for issue transaction does not include any blinding factor. As such it is possible to learn that a coin was issued, but the recipient of the coin is still hidden from third parties. Also, for transfer transactions, since the payer knows the blinding factor, he can calculate the spend proof that’ll be published when the coin is spent. This means that he can know when the payee spends the coin, but he will not see the recipient(s) nor the new blinding factor(s) – and hence will not be able to track the coin any further.
Could you post a screenshot? I don't see a 'volume' column in the bittrex ASKS table.
I see these 4 columns:
* ASK (BTC): the ask price, in BTC per GB
* SIZE (GBYTE): the number of GB being offered for sale
* TOTAL: the corresponding price in BTC (column 1 multiplied by column 2)
* SUM: the cumulative sum of column 3, representing the market depth at this price, in BTC
I see these 4 columns:
* ASK (BTC): the ask price, in BTC per GB
* SIZE (GBYTE): the number of GB being offered for sale
* TOTAL: the corresponding price in BTC (column 1 multiplied by column 2)
* SUM: the cumulative sum of column 3, representing the market depth at this price, in BTC
i was not using their website, i was reading it from my bot GUI which is getting it through the API call
https://bittrex.com/api/v1.1/public/getorderbook?market=BTC-GBYTE&type=both&depth=50
and i am calling the "Quantity" field as "volume" and "rate" as "price" because it makes more sense to me in the table.
Code:
"sell":[{"Quantity":24.72532665,"Rate":0.19500000},{...},...]
How is it possible to know which is the price trend of GBB vs GB? We know from Slack the market prices of today, but how to understand the trend? Nobody has collected historic data of price relation?
thanks a lot. this was very helpful, specially since i am a bit scared of testing new stuff. right now my Bytes are sitting in the wallet waiting for me to go test things out 
2 Questions:
who receives the fees?
i understand there is no miner, there is no blockchain, it is DAG (i have skimmed through the concept before). so who is receiving the fees we include in our transactions?
2 Questions:
who receives the fees?
i understand there is no miner, there is no blockchain, it is DAG (i have skimmed through the concept before). so who is receiving the fees we include in our transactions?
The witnesses each receive part of it, and the first regular user to reference the transaction receives another part of it.
Bittrex for example shows the volume as a decimal number for example:
Volume: 0.09344973
price: 0.20099963BTC
is the top open ask order there
how much is 0.09344973 in byte terms? 09344973 byte or 093449730 byte as G (Giga) is 10^9
(from previous comment i think the second one is true, but just want to confirm)
Volume: 0.09344973
price: 0.20099963BTC
is the top open ask order there
how much is 0.09344973 in byte terms? 09344973 byte or 093449730 byte as G (Giga) is 10^9
(from previous comment i think the second one is true, but just want to confirm)
Could you post a screenshot? I don't see a 'volume' column in the bittrex ASKS table.
I see these 4 columns:
* ASK (BTC): the ask price, in BTC per GB
* SIZE (GBYTE): the number of GB being offered for sale
* TOTAL: the corresponding price in BTC (column 1 multiplied by column 2)
* SUM: the cumulative sum of column 3, representing the market depth at this price, in BTC
thanks a lot. this was very helpful, specially since i am a bit scared of testing new stuff. right now my Bytes are sitting in the wallet waiting for me to go test things out
2 Questions:
who receives the fees?
i understand there is no miner, there is no blockchain, it is DAG (i have skimmed through the concept before). so who is receiving the fees we include in our transactions?
Bittrex for example shows the volume as a decimal number for example:
Volume: 0.09344973
price: 0.20099963BTC
is the top open ask order there
how much is 0.09344973 in byte terms? 09344973 byte or 093449730 byte as G (Giga) is 10^9
(from previous comment i think the second one is true, but just want to confirm)
2 Questions:
who receives the fees?
i understand there is no miner, there is no blockchain, it is DAG (i have skimmed through the concept before). so who is receiving the fees we include in our transactions?
Bittrex for example shows the volume as a decimal number for example:
Volume: 0.09344973
price: 0.20099963BTC
is the top open ask order there
how much is 0.09344973 in byte terms? 09344973 byte or 093449730 byte as G (Giga) is 10^9
(from previous comment i think the second one is true, but just want to confirm)
so 100,000,000 Byteballs = about $50?
No, byteball is the name of the currency, not its units.
The units are bytes and black bytes.
1 billion bytes = 1 gigabyte = 1 GB, currently around trading at around $540 for 1 GB
1 billion black bytes = 1 gigablackbyte = 1 GBB, currently around trading at around $11 for 1 GBB
Best FAQ about Blackbytes so far. Thanks!
I agree. Link to this page should probably be put in evidence also on the main thread.
Best FAQ about Blackbytes so far. Thanks!
How long are they going to keep giving this stuff away btw?
some people are predicting another 3-4 airdrops, but more and more bitcoin is being linked so it might be 3 or less. however the developer might slow it down to stop it falling off a cliff the moment it's all distributed.
why should it fall off a cliff... if the tech is as good as claimed then that shouldnt really happen should it?
what % is distributed?
Did anybody make a graph with BB prices in time? So as to understand if BB prices are rising or tanking...
How long are they going to keep giving this stuff away btw?
some people are predicting another 3-4 airdrops, but more and more bitcoin is being linked so it might be 3 or less. however the developer might slow it down to stop it falling off a cliff the moment it's all distributed.
so 100,000,000 Byteballs = about $50?
I've added this link to the OP:
Also: read Tonych's thread above, it explains how the entire history of blackbytes is stored with the current owner. That makes a decentralized exchange better for privacy of blackbytes.
Further reading
Hiding entire content of on-chain transactions (by Byteball dev Tonych)
It's a very good read to get some in-depth knowledge about blackbytes:Hiding entire content of on-chain transactions (by Byteball dev Tonych)
So if I understand correctly, the public block chain is just a "bag of hashes" which cannot be verified or anything by any node or miner. It is just a block chain of "data". These data only have meaning for the people receiving "banknote files", which allows them to check the validity of the whole "banknote". The hashes are in fact nothing else but hashes of "signed transactions", like with bitcoin, except that only the *signature hash* goes on the public block chain, and the actual transaction data remain on the individual banknote file. Is that the gist ? In fact, you need, as you say, TWO signatures (or hashes of signatures): one is the transaction signature (including the new beneficiary) and the other is the "spend" signature of simply the previous output. The first signature (spending signature) makes that you cannot do double spending any more (you have invalidated the file up to the point where you transmit it), and the second signature allows the receiver to have a valid "new address" that he can spend (and only he, because only he has the secret key that goes with it like on bitcoin).
This is indeed a very, very good idea !
I am now wondering if this is the reason Tonych created Byteball. Although currently Blackbytes seem highly undervalued and barely understood, the more I understand about them, the more I think this is the real value of Byteball.This is indeed a very, very good idea !
Is there some reason why GBB can't be traded on an exchange?
An exchange would need to pair wallets to transfer Blackbytes, it requires some coding but should be possible.Also: read Tonych's thread above, it explains how the entire history of blackbytes is stored with the current owner. That makes a decentralized exchange better for privacy of blackbytes.
Is there some reason why GBB can't be traded on an exchange?
I'll be holding them. Seem way undervalued.
Also, it's kind of cool having 'billions' of something!
I'll be holding them. Seem way undervalued.
Also, it's kind of cool having 'billions' of something!
Really surprised that GBB are worth so little these days. Around 0.01 GBYTE/GBB
Jump to: