Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 122. (Read 1234271 times)

I disagree about needing to change the denomonation. 1 bitcoin is a large sum of money but that doesn't do it any harm. The unit of GByte is quite convenient and nowhere near as big an amount as 1 bitcoin. The denomination is not the problem. If the price rises to millions of dollars we seemlessly start quoting in lesser amounts. Its no big deal, when theres a need.


This is true, we need those investors. The distribution has chased those investors away. For the time being. Savvy investors who like byteball will not buy now they will wait until the distribution is ending. There is no incentive to invest now while supply still needs to increase by 30 to 40% Or they give up bored if it becomes the never ending story.

Steemit is more than 1h offline...

I think that link is broken

I have read this piece and it's surely interesting, but I've failed to understand a number of things, including the exact use of this, ie a good contextualization of this technique. It looks like a tutorial for people who can already do what he is explaining and already know why they would want to do that. Perhaps Genievot could have got deeper in his explaination.

You are sharing my same opinion without fully realizing it. In fact, not many of the community seem to have understood my post. As soon as you post something just a bit out of the usual common places and stereotypes people look at you as a fool (or an hopium smoker). Even here in the crypto world. Even here in the Byteball community. Sad.

Thanks to Genievot from the Byteball Community for another great tutorial - how to create a web page that sends bytes to any Byteball account.

https://steemit.com/utopian-io/@genievot/byteball-js-tutorials-2-create-a-web-page-that-sends-bytes-to-any-byteball-account-1535960188987

As we enter the third week of the Steem Use-a-Thon, new use cases were proposed and detailed reports on the progress of others where published.

The weekly update has just been published and once again I'm super excited to see the creativity and enthusiasm at display.

Check out the post here

Should you want to enter the contest, there's still plenty of time to propose your use case and start work on the realization of it. See instructions on how to join in the announcement of the Use-a-Thon

Ordinary investors don't really think that deeply. A lot of them just go out and buy the cheapest coin they can find, hoping it will explode like Bitcoin. We need those investors, just like we need the true believers of Byteball.
Denominating GB as the basic unit of Byteball ensures that they pass on.

Well, no one knows the future. Maybe the future of money is not even known or maybe not even a cryptocurrency. I would love for it to be Byteball though but efforts on making Byteball as an ICO platform is kind of outdated since the start of 2018.

Don't you think your reaction is somewhat extreme?

Sure, it seems that Kavallo is smoking hopium. But 'shilling'? This _is_ the byteball thread.

To scale down the denomination of Byteball on exchanges (from Gigabytes to Megabytes or lower) has been debated for a while now, mainly for reasons of marketing. But someone has pointed out that there are deeper reasons for doing that: to define a Byteball unity as 1 Gigabyte would be like defining an unity of dollar as 1 Million $. Of course this does not make any sense if you are looking for mass adoption, like Byteball is:


However, we are in the very early dawn of cryptocurrencies, which sometimes in the future (perhaps a distant future) are logically destined to replace the so much less efficient FIAT finance.
As we are just in the dawn of crypto, it doesn't really matter NOW which is the denomination of Byteball on exchanges. At some point it will eventually be changed, when the time will be deemed mature.
Meanwhile, we could consider the Byteball-in-Gigabytes world as the club of tomorrow's millionaires.
There are coins like Ada-Cardano which have openly claimed to point becoming the first platform to achieve 1 trillion $ capitalization.
Well, if Byteball would one day achieve something like that, then every single Gigabyte will be worth 1 Million $ - IF the USD will still exist with some value by then, of course.
Therefore, my fellow byteballers, don't waist your time whining but instead enjoy every single Gigabyte you have sitting in your wallet. There are only 1 Million of them, and the world's population is 7+ Bllions. And rising...

Blockchain scaling isn't an issue right now. With the drop in price, Segwit getting implemented, blocks are no longer running full in Bitcoin. The DAG might be a solution, but we had issues in Byteball as well. Right now the bigger problem with Byteball is preventing people from abandoning it completely.

Heavy Friday? Get ready for delisting 
https://i.imgur.com/SOrf9N1.png

Which exchange are you looking at? There's no 2k GB sell wall on bittrex.

You're just a grumpy guy and your bitterness is thankfully getting obvious enough for everyone to see through.

Have a nice weekend, nonetheless :-)

you must be looking at the wrong pair . Open BTC-GBYTE and enjoy bleeding

It was just brought to our attention that @Cointelegraph recently mentioned Byteball as a possible solution to blockchains scaling issues:

https://cointelegraph.com/explained/blockchains-scaling-problem-explained

A good read, I must say. 

His whole btctalk account is dedicated to FUDing byteball lmao. For anyone wondering, he is lying there is no 2k gb wall

yes, their payment system is awesome. byteball just needs more marketing. it will be a hit in a few years when people will realise all the advantages of byteball .

good time to sell, this wall going to push byteball back to $10. Better to sell gbyte now and buy more at a lower price.

For a FUD spammer, you're quite dedicated! Who's paying you for this spam?
There are many things in life I don't like, but I don't spam threads dedicated to them. That's just silly. If you don't like it, move over and don't come back.