question about = BLACKBYTES
See https://bitcointalksearch.org/topic/m.16217906 
Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 1085. (Read 1234271 times)
October 27, 2016, 06:33:56 AM
October 27, 2016, 03:29:26 AM
DECIMALS 
when we exchange bytes we can get lost in decimals ....
can u explain more about that point
one byteball is equivalent to what amount compared to BTC units?
i understand the master is the byte system , so its close or like satoshi ?
thanks
when we exchange bytes we can get lost in decimals ....
can u explain more about that point
one byteball is equivalent to what amount compared to BTC units
?i understand the master is the byte system , so its close or like satoshi ?
thanks
October 27, 2016, 03:21:35 AM
question about = BLACKBYTES
pls explain more ......
"At the same time, transfers can be hidden from third parties by
sending their content privately, directly from payer to payee, and publishing spend
proofs to ensure that each coin is spent only once"
so we have 2 types of bytes ?
or blackbytes is just a byte with a "private" transfers ?
private transfers are more risky
regards
October 27, 2016, 03:12:40 AM
some important references for those who want understand more...
References
1. Quoted from Wikipedia https://en.wikipedia.org/wiki/Nineteen_EightyFour.
2. Satoshi Nakamoto. Bitcoin: A Peer-to-Peer Electronic Cash System,
https://bitcoin.org/bitcoin.pdf, 2008.
3. Sergio Demian Lerner. DagCoin,
https://bitslog.files.wordpress.com/2015/09/dagcoin-v41.pdf, 2015.
4. Serguei Popov. The Tangle, http://iotatoken.com/IOTA_Whitepaper.pdf,
2016.
5. TomHolden. Transaction-Directed Acyclic Graphs,
https://bitcointalksearch.org/topic/proposal-transaction-directed-acyclic-graphs-1504649, 2016.
6. Linked timestamping, https://en.wikipedia.org/wiki/Linked_timestamping.
7. Atomic cross-chain trading, https://en.bitcoin.it/wiki/Atomic_crosschain_trading.
8. https://github.com/bitcoin/bitcoin
9. Gavin Wood. Ethereum: A Secure Decentralised Generalised Transaction
Ledger, http://gavwood.com/Paper.pdf.
enjoy !
October 26, 2016, 03:55:49 PM
BYTEBALL: Totally New Consensus Algorithm and Untraceable Payments.
Great Yassin, retweeted!
October 26, 2016, 01:43:00 PM
BYTEBALL: Totally New Consensus Algorithm and Untraceable Payments.
October 26, 2016, 12:14:59 PM
tks nice evening
October 26, 2016, 11:31:40 AM
how to become : WITNESSES
Pls see here:https://bitcointalksearch.org/topic/m.16196628
https://bitcointalksearch.org/topic/m.16222649
October 26, 2016, 10:59:21 AM
can u pls kindly explain
how to become : WITNESSES & or ORACLES (cost&benefits)
thanks
October 26, 2016, 08:33:59 AM
October 26, 2016, 06:29:27 AM
how to get the wallet for windows
October 26, 2016, 06:19:42 AM
Regarding ICO wallets, I reached out to James (jl777) who is currently running Komodo ICO. He replied that keeping the received bytes for himself he considers unethical, and he will use the bytes as additional funding for Komodo.
Which basically means that he will keep those bytes for himself and spend them as he wishes.
Yeah, this is what is likely to happen. Those who keep shitloads of BTC from ICOs (most of which are plain scams) will get 97% of all bytes and then dump them in smaller amounts at exchanges forever to "fund their own projects". It would be really more fair if all bytes were used to fund byteball development, instead of development of other so called "projects".
I trust James to do the right thing and not dump, but as for exchanges and other ICO projects ... I think BYTEBALL will suffer the same fate as NXT, whenever the price starts to rise a whale will appear to unload their bags. As long as everyone accepts that, the market adjusts accordingly. If you give a large amount of coins to people essentially for free (as in 50M NXT for 1 btc back in Sept-Nov 2013), then you can't really complain if those people use rational self interest to maximise their profits. Investors in ICO's aren't always 'supporters', they're looking to make $$, and unloading a HUGE bag (especially one you got for free) has obvious consequences which we've already seen, so just adjust all "moon" expectations accordingly. It'll take years to un-wind all the BYTE bags from BTC whales, just like it's taken years for NXT whales to sell down to hodl amounts.
This is also my thinking. I decided to buy Byteball once it hits exchanges and some people -unavoidably- dump it. Besides, my holdings are in altcoins and Im not planning to change them into Bitcoins - and even if I did, they are not much. I think Byteball is promising in the long term because of its algo.
October 26, 2016, 04:25:18 AM
Why not set a cap on how much BTC can be linked to Byteball account per user, say 100btc, verified by BTT profile that was created before the OP. That way you can avoid someone with 10k BTC claiming 90% of all Byteball.
This is not a bad idea, please reconsider it. There is still time to make changes, lets have the best possible scenario.
Claimers can link sévères btc add to claim Bas..so what yu said make no sense.
@tonych yu must know that exchange manage several wallet.. so i dont know if they can do conversion for all customer..There are not other choice to resale alt otherwise.
October 25, 2016, 07:30:50 PM
Regarding ICO wallets, I reached out to James (jl777) who is currently running Komodo ICO. He replied that keeping the received bytes for himself he considers unethical, and he will use the bytes as additional funding for Komodo.
Which basically means that he will keep those bytes for himself and spend them as he wishes.
Yeah, this is what is likely to happen. Those who keep shitloads of BTC from ICOs (most of which are plain scams) will get 97% of all bytes and then dump them in smaller amounts at exchanges forever to "fund their own projects". It would be really more fair if all bytes were used to fund byteball development, instead of development of other so called "projects".
I trust James to do the right thing and not dump, but as for exchanges and other ICO projects ... I think BYTEBALL will suffer the same fate as NXT, whenever the price starts to rise a whale will appear to unload their bags. As long as everyone accepts that, the market adjusts accordingly. If you give a large amount of coins to people essentially for free (as in 50M NXT for 1 btc back in Sept-Nov 2013), then you can't really complain if those people use rational self interest to maximise their profits. Investors in ICO's aren't always 'supporters', they're looking to make $$, and unloading a HUGE bag (especially one you got for free) has obvious consequences which we've already seen, so just adjust all "moon" expectations accordingly. It'll take years to un-wind all the BYTE bags from BTC whales, just like it's taken years for NXT whales to sell down to hodl amounts.
October 25, 2016, 04:30:07 PM
tried running on windows 10. it keeps saying "syncing...". how long does syncing take?
I’ｍ windows7 at 12hours
The first sync is slow, I with window7 first time 18 hours
relax
You have no choice
wait
it takes 2/3 day at the moment, take it easy
October 25, 2016, 03:53:37 PM
You know it is easy to bypass any cap in this anonymous world.
You have your opinion about James and his projects, that's fine, the message here is that the funds of Komodo investors will be used responsibly.
You have your opinion about James and his projects, that's fine, the message here is that the funds of Komodo investors will be used responsibly.
It is and it's not as BTC is fairly easy to follow on the blockchain, I could easily tell you if James breaks up his BTC to pretend he's 10 different people. I say go for a cap, there is no reason someone should have that % of Byteball when it's clear he's not going to participate in the community but just sell to fund his own project.
October 25, 2016, 12:14:27 PM
The only fair criticism that I'd see as desirable to avoid is the exchanges and other ico wallets with 1000s of btc that aren't really 'theirs' suddenly having 'too much' to be beneficial for byteball.
Regarding ICO wallets, I reached out to James (jl777) who is currently running Komodo ICO. He replied that keeping the received bytes for himself he considers unethical, and he will use the bytes as additional funding for Komodo.
I'm quite happy with this decision and hope other ICO founders will also use their funds responsibly.
Very good initiative from James
October 25, 2016, 11:03:57 AM
The only fair criticism that I'd see as desirable to avoid is the exchanges and other ico wallets with 1000s of btc that aren't really 'theirs' suddenly having 'too much' to be beneficial for byteball.
Regarding ICO wallets, I reached out to James (jl777) who is currently running Komodo ICO. He replied that keeping the received bytes for himself he considers unethical, and he will use the bytes as additional funding for Komodo.
I'm quite happy with this decision and hope other ICO founders will also use their funds responsibly.
Like I said earlier in my post, there is no reason not to limit each participants BTC amount to 100btc to make a more fair distribution model. James owning a large sum of Byteball to fund his own project is unethical, he'll just offload it so he can pay for another lame project. Nothing he has done has turned into anything significant, just look at his project history.
You know it is easy to bypass any cap in this anonymous world.
You have your opinion about James and his projects, that's fine, the message here is that the funds of Komodo investors will be used responsibly.
October 25, 2016, 10:54:54 AM
Regarding ICO wallets, I reached out to James (jl777) who is currently running Komodo ICO. He replied that keeping the received bytes for himself he considers unethical, and he will use the bytes as additional funding for Komodo.
Which basically means that he will keep those bytes for himself and spend them as he wishes.
Yeah, this is what is likely to happen. Those who keep shitloads of BTC from ICOs (most of which are plain scams) will get 97% of all bytes and then dump them in smaller amounts at exchanges forever to "fund their own projects". It would be really more fair if all bytes were used to fund byteball development, instead of development of other so called "projects".
October 25, 2016, 10:38:59 AM
The only fair criticism that I'd see as desirable to avoid is the exchanges and other ico wallets with 1000s of btc that aren't really 'theirs' suddenly having 'too much' to be beneficial for byteball.
Regarding ICO wallets, I reached out to James (jl777) who is currently running Komodo ICO. He replied that keeping the received bytes for himself he considers unethical, and he will use the bytes as additional funding for Komodo.
I'm quite happy with this decision and hope other ICO founders will also use their funds responsibly.
Like I said earlier in my post, there is no reason not to limit each participants BTC amount to 100btc to make a more fair distribution model. James owning a large sum of Byteball to fund his own project is unethical, he'll just offload it so he can pay for another lame project. Nothing he has done has turned into anything significant, just look at his project history.
Jump to: