Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 1030. (Read 1234271 times)

Hello,
I'm the ovner of still small crypto exchange, cryptox.pl. Since few weeks we are working on byteball, to be added to our exchange.
Things go quite well, so we will be ready at about 27-12 to start market. We will publish official announcement at 9:00 AM 24-12-2016.
I can answer some questions now, everything should be clear in announcement (later this thread).  

Thanks,
definitively something wrong with my browser.

Check it again and you will see that address have 0.0000%, the 0.9270 share you saw might be linked from another address with bigger balance.

http://imgur.com/a/fvdcJ

I think there is a bug in transition.byteball.org  People with 0.00587999 BTC balance have 0.9270 share? What is happening here?
Check it with this bitcoin address for example: 1KKTysfLfnDrFx2ZmBdFj9dSey9yPHxYBX

Does anyone know where this 4500 BTC address comes from?

NW.js is an insane dependency, building it from source requires 20GB of disk space and several hours of time. I guess this is the way of "modern, user-friendly" software these days.  The precompiled binaries are 160 megs. UGH.

And there is already a 15% whale.

30,000 BTC linked!

Is he/she asking how to earn transaction fees?  Be a well connected node, receive new transactions earlier than the others, and when you create your own transactions, reference these fresh transactions as parents.

Is it available on the main on the 25th?

This has already been addressed as early as on page 4 of this thread https://bitcointalksearch.org/topic/m.16167259.  Don't trust heuristics.

Two news for today: version 0.8.0t is released and trustless exchange is launched.

Both are for testnet.
Download the new version from https://github.com/byteball/byteball/releases, Android should auto-update, and the link to the exchange is at https://byteball.org.  Only the new version will work with the exchange.

The exchange allows to exchange public assets issued on Byteball platform, including bytes.  Blackbytes are not covered as they are a private asset.

The exchange is not built-in (as in Nxt, Ripple, and Bitshares), it is an application built on smart contracts.  It is the first application on our network that uses smart contracts.  By keeping the exchange out of the core, we achieve that we don't have to add complexity to the core, as well as greater flexibility in how the exchange can work.

The exchange is centralized and trustless.  Centralized means that there can be many centralized exchanges competing with each other and trying to deliver better product.  Centralized also means that it is run as a business and can be properly managed and marketed.  Trustlessness means that the exchange operator can't steal customer's money, nor can he lose it if the exchange is hacked or mismanaged.  This is achieved by very simple smart contracts that every user can see and verify, and he doesn't need to be a developer to understand them:

To create an order to exchange asset A to asset B, a customer sends his asset A to an address that can be spent:
- by the customer himself after a timeout, or
- by the exchange operator if the same transaction simultaneously sends asset B to the customer (in the specified amount)

The first clause allows the customer to cancel the order and take his money back.  The 2nd clause doesn't give the operator arbitrary control over asset A: the operator can use asset A only if he simultaneously pays asset B to the customer.  This is the key difference from conventional trustful exchanges -- the operator is bound by the contract.

The operator then matches this order with a reverse order from another customer and signs for both sides of the deal simultaneously.

This is what a typical dialog with exchange operator looks like (yes, it is a chatbot, you've already got used to):



Before paying, the customer is presented with a user readable description of the contract:

HXY5... is the asset we are buying (chips).
W272... is the exchange address (actually, it doesn't matter who owns this address as long as the asset is sent to us).

Before the order is executed, the customer can see everything about this smart contract address in his wallet -- its balance and history, and can spend from this address (after the timeout specified in the contract).  The address is presented as a subwallet, it is easy to navigate to and from.

For those who have experience with conventional exchanges, there are a few differences that may seem odd.  Due to how the smart contracts work, there is no partial matching of orders.  To overcome this, orders are split into a small number of standard sized orders.  The standard lot sizes are powers of 2, which allows to match equal-sized orders, as well as some common combinations thereof, such as one large order against two half-sized orders (e.g. 32=16+16).  (Instead of powers of 2, we could also use Fibonacci numbers as standard lot sizes because each size would be equal to the sum of two smaller sizes, e.g. 13=8+5).  That's why when you create an order you usually pay to several addresses.  These sub-orders can match at different time and you'll receive your assets in several standard-sized portions.  Also, placing an order is not instant, you have to wait that the transaction that funds it becomes final.  Obviously, there is no margin trading, and there are no charts in chat.  So, if you are a day trader, it is not for you.  If you need to occasionally buy or sell assets, I think this tool is quite good for you.

Try it for yourself, the new UI is available after upgrading to 0.8.0t, and the link to start a chat with the exchange bot is at https://byteball.org.  Remember, this will work with testnet wallet only.

Please retweet https://twitter.com/ByteballOrg/status/811007135148572672

This has probably already been addressed before, but can someone address the concern of byteball showing up potentially malicious software in its kit for windows?

https://cdn.discordapp.com/attachments/172074644533149697/260552959975227392/unknown.png

link a byteball address with a btc address via either signature (signed message) or payment to prove you own it. get byteball amount proportional to btc on 25/12/2016

So is the ICO live? This whole thing looks confusing. Can anybody explain this in layman terms?

Hi all,
I want to link my btc address by installing the linux version of the livenet wallet.

on github i see the following file "byteball-linux64.zip"

a few questions:
1. can i unzip the file to any directory or should i unzip it to a specific directory?
2. after unzipping. Which file do i use to install/run the wallet?

thanks.

You did everything right, but the versions appeared to be incompatible (the fork was lagging a few commits), so forget it, better wait that we merge, or given the time constraints, the whonix ways seems safer.


Switch to "livenet" branch, it corresponds to live 0.7.1.

I agree -  changes need to be made. I'd like to share some infos in this context. As a newbie I had to make my homework  - easy to see what’s happened without changes…
Link: "*ww.filedropper.com/bbdistribution" excel 2016 but in european notation (decimal points <-> comma as a decimal separator)
( Hope it’s not against the rules – otherwise kill the link / post..)

..0,1 is hard …1/pi seems to be lovely.. not easy what's best..
I agree definitely with valley365..
 and o0o0
The only fair thing in the world is coincidence and that we all have to die..

@tony: You can change anything every time – it’s your baby, but remember “Simplicity is beauty“ 
My suggestion:
3. round like 1. round
4. round like 2. round
I hope there will be some big player just in time (some addresses needs to be filled) – think there is a chance to double right before..
Lot's of BTC have to work..

Go on don’t worry - you give our best. It’s a very nice project. I’m in with all my money and some borrowed money from my wife – hard, hard work 

Just an idea, you don't have to actually borrow, just convince them to sign your BB address, but don't tell them what for!

I supposed this was just another altcoin crap (sorry if I did not look at it before) but I have to admit I fell in love with this project. I'm trying to stash all my coins into a single address to join this new adventure.
Very well thought, looking forward to it.