Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 186. (Read 1234271 times)

The price is not a big matter. The problem is the volume. No volume=no adoption. The stable increment in price comes later

Byteball is a decentralized system that allows tamper proof storage of arbitrary data,
including data that represents transferrable value such as currencies, property titles, debt,
shares, etc.

lol, hey noob.
No one have to tell you such basic information.
All necessary stuffs about Byteball, including what it is, its specifications, etc. have already shown in the OP and its official website (link in the OP, too).
You should find them by yourself, for yourself.

Please do it people to people trade, so you are risk free, and get more odoption, I promes you!

I wonder how you come up with your probability estimation, based on what?
All these campaigning effort like signature, WCG, youtube, etc, are for the purpose of getting BYTEBALL adoption, not for selling the bytes won.

So before you throwing statistical numbers out of your crystal ball, look for some proof support of what you trying to predict.

I have to say, in my case, I know BYTEBALL because IOTA was all time high. Then I look for a competition or similar tangle technology, and I found BYTEBALL.
And yes it was because of a price push of Iota, in this case I thanks IOTA.

I don't believe that signature participants can really dump the Byteball price too much after getting their payments.
Of course, most of them will sell their coins immediately after receiving (as you said), but the effects will last very short, several minutes, or hours.
The real movements of Byteball will be determined by Bitcoin (or BitcoinCash at specific point of time) movements, and Byteball internal developments.

Crypto newcomer Masha explores the Byteball wiki https://youtu.be/jy-gM2i9Cq8

From my own point of view, this is a calculated risk that was taken by Tony knowing that campaigns like the one that we have right now will have impact in long term. yes, it is very possible that 80% of the participants sold their bytes right after receiving it from the manager but we can't just put all the blame to them. Byteball isn't a small market that can be swayed by mere number of participants selling their rewards. It's just that almost all altcoins are tanking very hard together with BTC.

Yes, I have realized the same. Paying in bytes is affecting the price but for a brief period of time.

Its a known fact that when the signature payment gets sent out the price suddenly drops and them recovers, this in a very long run may affect the price if the !marketing strategy expands up to more realms than just signature campaigns.

Do you know what's a better market strategy? A market maker pushing the price to a new ATH. That will surely bring new participants/new believers/new bagholders  Anyway, it always happens to crypto coins.

This is true. The dumpers will have a short term impact, but if they are getting new people into Byteball, then it is worth it. Think of how the initial airdrop resulted in Byteball becoming known to almost 90% of the Bitcoin community. Similarly, the signature campaigns may have a positive impact too.

Has anybody here tried to pay anything in GBYTE in Milan? I see there are plenty of merchants accepting GBYTE for products and services and it would be nice if somebody here could make a review! I'd go if I could

Because it is a good way to collect more bytes now when it's cheap.
Unlike you, I do not like youtube/video blogs. very rarely spending the time to watch video promotion.

Meet The Russians Behind Your Blockchain (And Cryptocurrency, Too)

In the often hard-to-understand, cryptic world of blockchain and the cryptocurrencies that depend on it, few can claim two A-listers in the industry. The Russians can.

Here are the two household names: Vitalik Buterin, the young founder of the Ethereum blockchain, enabling cryptocurrency issuing startups to flourish in a way venture capital never has. He is now a millionaire many times over.

Pavel Durov continues to make headlines. He fights the law and wins. His messaging app Telegram is currently building its own blockchain platform called the Telegram Open Network. They've issued around a billion dollars worth of new coins to help fund it. Durov is a rock star. He lives somewhere between Dubai and St. Kitts. He recently fought a Russian spy agency ban on Telegram. Forbes lists him as a billionaire thanks to his bets on high tech innovation. His new blockchain platform may make him a billionaire many times over.

"Whatsapp, Telegram, Google, all have Russian-Americans or expat Russians leading it or developing it," says Igor Matsenyuk, a Russian gamer who sold his $80 million position in internet company Mail.ru back in 2010 and now runs IT-Territory, plus venture capital firm Farminers.  "If you are talking about the value of the market, of course the U.S. is bigger. But in terms of talent, I think Russia is in the top three along with China," he says.


First a note to the newcomers: blockchain is a digital ledger. It is disruptive because it does away with the middleman. Think of buying insurance directly from an insurer instead of a broker. Think of making a call without AT&T or, in Russia, the Beeline. That's the blockchain in a nutshell. It also helps users track every aspect of the sale, from farm to table.

"Blockchain technology starting to penetrate different areas of Russian life," says Pavel Pribylov, a pharma market mogul and blockchain startup investor. Pribylov is one of the main investors behind new Russian company Glass Cube that is building global insurance blockchain platform called I-chain.  "I think you'll see blockchain become fundamental in the new economy," he says.

Cryptocurrencies were developed along with blockchain. The new money, like Bitcoin and Buterin's Ether are on every hedge fund's radar today.

Russians are all over this space. They are in Silicon Valley on special visas, or zipping in and out of the Bay Area on tourist visas working on projects with Americans. They are in Singapore and Barcelona. They are founders and top advisors, one and all.

Russia may be known as a geopolitical hotspot thanks to another A-lister, Vladimir Putin, but it is -- or better yet, can be -- much more than the giant gas station Senator John McCain likes to call her. Russia always was a high tech nation. But most of Russia's tech prowess was pure government largesse that fed the minds of Kremlin-backed physicists. They did manage to blow up an H-bomb, and get a man into space first, but the Russians were never known for putting their science, technology, engineering and math skills to practical, commercial use.

Until the blockchain craze.

As of late last year, 20% of the top 50 blockchain startups by funds raised were Russian. They were either founded solely by Russians or had Russian partners, according to angel investor Elena Masolova. Like many globetrotting Russian techies, Masolova spends a lot of her time in Silicon Valley. She is best known for selling Darberry to Groupon. She has her hands in a bit of everything. She runs a corporate training company called Eduson.TV in the Bay Area, and is an advisor to TokenStars, a cryptocurrency play that lets users sponsor certain athletes.

"The reason is simple why Russia is everywhere on this topic," she tells me over drinks at the Hotel Ukraine in Moscow. "You have lots of engineering talent and lots of cryptography talent in Russia. Plus you have a Russian economy that is not so great, so blockchain and cryptocurrency in general just looks like an enormous opportunity to entrepreneurs there."

The Russian Blockheads

The Russians (including Russian-Americans and expats) building blockchain companies include guys like Aleksander Ivanov, founder of the Waves Platform; Vasiliy Suvorov, a senior executive at Luxoft and one of the founders behind the Crypto Valley Association being built in Switzerland; Alex Fork, CEO of fintech firm Humaniq; Alex Fedoseev, CEO of 1World Online; Siberian-turned-Australian Sergei Sergienko, the CEO of ChronoBank; Igor Barinov, the blockchain priest at POA Network in San Francisco; and Sergei Ponomarev, CEO of SONM, to name a few.

According to the Unified State Register of Legal Entities in Russia, there were 50 companies registered as blockchain technology firms at the start of the year. Their values range from zero to one billion rubles.

New comers are sprouting up all the time. Some stay close to home. Others think globally.

https://www.forbes.com/sites/kenrapoza/2018/04/29/meet-the-russians-behind-your-blockchain-and-cryptocurrency-too/#2847e1763b86

I would not call it a big success. 200 members and 0.6Gb per day are tiny numbers. Clearly, WCG guys don't give a shit about byteball and byteball holders don't give a shit about  WCG at these payout rates.

When I proposed the idea with WorldCommunityGrid on March 31, 2018, I did not think that it would be so well accepted, and second, that it would be implemented so quickly. After the official start on the 14th of April, exactly one month has passed and I think it's worth taking an interim conclusion.

The Byteball.org Team on WCG has reached 237 members which have spent 8 years and 188 days of processing power in one month ranked #5,946 out of 34,147. 12.8 million WCG points have been generated.

Byteball.org team is currently ranked at #175 (out of 34,147 teams) regarding number of team members.

Overall a big success story. I hope it continues so that we will be soon one of the top contributing teams (Ripple Lab's team is close ). A big thanks to all the participants which help to make the world a little better.

Then why you are in such campaign? The best part of  marketing  - from my point of view, anyway - is yet to come  for example through youtube bloggers assisting in Byteball promotion and paid by bytes.

You are wrong!
Those participants can only make price down a bit for a short period of time. They can not control and make long-lasting, strong impact on the price of Byteball.
If you remember or spend several seconds to look at Byteball price chart, you will see that during the current signature campaign, Byteball price has surpass 0.034 BTC. It was significant rise, right?
I don't know whether the rise was mainly due to signature campaign impacts or not, but it is one thing which can prove your stance is wrong.