Obyte: Totally new consensus algorithm + private untraceable payments - page 1123.

willowfoot

sr. member

Activity: 332

Merit: 252

Quote from: tonych on September 06, 2016, 11:52:05 AM

Quote from: Voidcrafter on September 06, 2016, 11:31:59 AM

So if i have 10 btc , what stops me from claiming once , sending the coins to a new adress claiming again and then havin claimed with hundreds of btc even though i just own 10 ?

We are not so stupid

As soon as you move BTC from the first address, it becomes empty and won't earn you anything. What ultimately matters, is the balance of all your linked addresses when we make the snapshot of bitcoin blockchain in block 437000 (the exact block number subject to change).

Quote from: Voidcrafter on September 06, 2016, 11:31:59 AM

So if i have 10 btc , what stops me from claiming once , sending the coins to a new adress claiming again and then havin claimed with hundreds of btc even though i just own 10 ?

So will there be a time/window, to claim and that is it?

Is it going to be a 1:x ratio, and what's going to happen to the coins unclaimed?

tonych

legendary

Activity: 965

Merit: 1033

Quote from: cointron on September 06, 2016, 11:51:52 AM

Test Bytes from bot will remain when test ends?

They'll remain test bytes, i.e. worthless.

tonych

legendary

Activity: 965

Merit: 1033

Quote from: ever_3x on September 06, 2016, 11:42:09 AM

i am try download wallet
File name: Byteball-test-win32.exe

result : https://www.virustotal.com/en/file/27e2bfec7b416c1ff6338dea6922ee5260fac1a5bb978b340a575bfdc3d6692b/analysis/1473178121/

Ignore this. I guess HEUR stands for heuristics, or rather broken heuristics. You can safely ignore such false positives, especially when 49 other antiviral scanners reported no issues.

tonych

legendary

Activity: 965

Merit: 1033

Quote from: Voidcrafter on September 06, 2016, 11:31:59 AM

So if i have 10 btc , what stops me from claiming once , sending the coins to a new adress claiming again and then havin claimed with hundreds of btc even though i just own 10 ?

We are not so stupid

As soon as you move BTC from the first address, it becomes empty and won't earn you anything. What ultimately matters, is the balance of all your linked addresses when we make the snapshot of bitcoin blockchain in block 437000 (the exact block number subject to change).

cointron

hero member

Activity: 896

Merit: 500

Test Bytes from bot will remain when test ends?

ever_3x

hero member

Activity: 909

Merit: 500

i am try download wallet
File name: Byteball-test-win32.exe

result : https://www.virustotal.com/en/file/27e2bfec7b416c1ff6338dea6922ee5260fac1a5bb978b340a575bfdc3d6692b/analysis/1473178121/

Voidcrafter

sr. member

Activity: 481

Merit: 250

So if i have 10 btc , what stops me from claiming once , sending the coins to a new adress claiming again and then havin claimed with hundreds of btc even though i just own 10 ?

tonych

legendary

Activity: 965

Merit: 1033

Quote from: ever_3x on September 06, 2016, 10:10:33 AM

i get 78k bytes on my android , is it right or more bytes?

It's right, the faucet gives out a random amount. You can request more in 24 hours.

ever_3x

hero member

Activity: 909

Merit: 500

i get 78k bytes on my android , is it right or more bytes?

tonych

legendary

Activity: 965

Merit: 1033

Quote from: Jerry S on September 06, 2016, 08:15:50 AM

its still a testnet right? so no real coins exist yet

Correct.
Livenet to be launched in about two months.

Jerry S

hero member

Activity: 546

Merit: 500

its still a testnet right? so no real coins exist yet

pikkie

sr. member

Activity: 924

Merit: 256

I predicted the price would be nice Cool

lovely89

sr. member

Activity: 378

Merit: 250

Hmm, interesting. I like Iota and if this isn't a clone, I'll be paying close attention. I like the distribution too. I hope exchanges don't get wind of this.

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: tonych on September 06, 2016, 07:23:14 AM

Quote from: LiQio on September 06, 2016, 07:04:37 AM

Quote from: tonych on September 05, 2016, 05:36:32 PM

Quote from: glerant on September 05, 2016, 04:39:23 PM

Interesting. However I see a problem. The majority of Byteball will fall to the Exchanges, Corporate Miners, Whales and even The Fed. None of whom will give a stuff about the takeup, use, or community of Byteball.

Quote from: Bubba-Gump on September 05, 2016, 04:57:48 PM

Distro is interesting, but exchanges are going to get all the coins.

Are you both saying that exchanges will use their customers' bitcoins to claim bytes for themselves?

Are you saying "Exchanges, Corporate Miners, Whales and even The Fed" won't be able to claim 97.9% of the coins?

Well, I don't think they own that many bitcoins (it depends on your definition of whale though). Their share of bytes will be almost the same as their share of bitcoins, among those who care to claim.

Thanks, the math is simple enough. I wanted to confirm, that you were just trolling before.

lordoliver

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

Quote from: LiQio on September 06, 2016, 07:04:37 AM

Quote from: tonych on September 05, 2016, 05:36:32 PM

Quote from: glerant on September 05, 2016, 04:39:23 PM

Interesting. However I see a problem. The majority of Byteball will fall to the Exchanges, Corporate Miners, Whales and even The Fed. None of whom will give a stuff about the takeup, use, or community of Byteball.

Quote from: Bubba-Gump on September 05, 2016, 04:57:48 PM

Distro is interesting, but exchanges are going to get all the coins.

Are you both saying that exchanges will use their customers' bitcoins to claim bytes for themselves?

Are you saying "Exchanges, Corporate Miners, Whales and even The Fed" won't be able to claim 97.9% of the coins?

This is so funny. This is about the 500th time, someone thinks, that he found the holy grail of distribution, but its not. Many people were already thinking about it. Many many smart people. Bitcoin has still the best distribution with its pow. After so many tries.
This is for me the top list of distribution methods:

personal anonymous(not possible)
...
... long nothing
...
POW (algos with CPU or GPU only!)
steem-like awards (may get even better than POW but steem has some issues in the concept)
...
... long nothing
...
shares based like this here, clams or Aldor
investment, burn

Nevertheless the distribution is not the only counting point. If I say, everyone in the world gets one share and I even manage to distribute that somehow, the coin is still worth nothing, if you don't have any infrastructure...
And you can still win against a coin with better distribution with better marketing later ...

tonych

legendary

Activity: 965

Merit: 1033

Quote from: LiQio on September 06, 2016, 07:04:37 AM

Quote from: tonych on September 05, 2016, 05:36:32 PM

Quote from: glerant on September 05, 2016, 04:39:23 PM

Interesting. However I see a problem. The majority of Byteball will fall to the Exchanges, Corporate Miners, Whales and even The Fed. None of whom will give a stuff about the takeup, use, or community of Byteball.

Quote from: Bubba-Gump on September 05, 2016, 04:57:48 PM

Distro is interesting, but exchanges are going to get all the coins.

Are you both saying that exchanges will use their customers' bitcoins to claim bytes for themselves?

Are you saying "Exchanges, Corporate Miners, Whales and even The Fed" won't be able to claim 97.9% of the coins?

Well, I don't think they own that many bitcoins (it depends on your definition of whale though). Their share of bytes will be almost the same as their share of bitcoins, among those who care to claim.

grandFX

legendary

Activity: 1946

Merit: 1007

Quote from: nezto77 on September 06, 2016, 06:29:08 AM

how to get this coin dev ? whether by mining or inves ? because I see good enough to follow this project . if you provide a bounty for us ? if there is I would download a wallet for the bounty ! Grin

to get a bounty, please download wallets
after installing the wallet, click here https://byteball.org/ and you will get free bytes.

LiQio

legendary

Activity: 1181

Merit: 1002

Quote from: tonych on September 05, 2016, 05:36:32 PM

Quote from: glerant on September 05, 2016, 04:39:23 PM

Interesting. However I see a problem. The majority of Byteball will fall to the Exchanges, Corporate Miners, Whales and even The Fed. None of whom will give a stuff about the takeup, use, or community of Byteball.

Quote from: Bubba-Gump on September 05, 2016, 04:57:48 PM

Distro is interesting, but exchanges are going to get all the coins.

Are you both saying that exchanges will use their customers' bitcoins to claim bytes for themselves?

Are you saying "Exchanges, Corporate Miners, Whales and even The Fed" won't be able to claim 97.9% of the coins?

tonych

legendary

Activity: 965

Merit: 1033

Quote from: Sharky444 on September 06, 2016, 06:51:24 AM

How similar is this tech to iOTA?

Both are based on DAG, everything else is different.

Sharky444

hero member

Activity: 724

Merit: 500

How similar is this tech to iOTA?

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 1123. (Read 1234271 times)