Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 238. (Read 1234271 times)

Get your invite here: http://slack.byteball.org/

(you better use the social media buttons for an instant invite, with email address only will take much longer)

I think it is not surprise for you that the speculative component of the price is the major one for all crypto coins even Bitcoin. The remaining constituent stems from belief.

when traders leave, the speculative component of the price evaporates. There remains a price based on utility. For me this coin useless, like and for other owners imho. I can't find even one merchant in my country, who ready to accept my bytes. Thus, any price above zero can be considered as a present, after the end of the bull run. Be grateful for the opportunity to sell at such a nice prices. Big investors with over 10 TB, already deprived of such joy

At this time there is a huge risk to invest the cryptocurrency for fiat-investors. A lot of bad news and FUDs on the cryptocurrency, which are the reason that all coins are going down.

Against bitcoin byteball has fallen since the end of February from 0.075 to 0.023 today, how is that sustaining its value ?



Still I guess it will find a level somewhere where it can show great resistance

Byteball is showing great resistance against Bitcoin by sustaining its value at decent level. It is rare chance for fiat based investors to step forward and pick cheap coins. Next phase should be of non ICO's projects having something in their basket to offer as solutions and Byteball meets with this criteria.

Agreed. Whole crypto is in a downturn but this fall relative to all the others is very telling. Ranking was about 54th in market cap before ending airdrops to byte holders. Now 86th as I write.

It is easy to understand why. The incentive to hold was removed. I see two possible reasons; either premeditated deliberate sabotage of exchange value of bytes for reasons unknown or else a worryingly inept understanding of market forces. I think latter is slightly better and what I would hope it is. But still is not good. Especially when you consider how many are still left to distribute.,


I think there is one or (maybe two) that you can opt into if you research how to change your witness list, but default list is all Tonych. I'm guessing very few change the default list.

It is unproven that even one large entity might ever consider doing this (being a witness). However even if all 12 witnesses were different and represented by large companies with reputations to protect. To get them to collude in secret is not a huge stretch of the imagination. They might even be ordered to by governments or intel agencies. Like the way backdoors are put into PC firmware or whatever. I am sure for example banks collude routinely. And when caught only get their wrist slapped. eg look at LIBOR.

"Only when the tide goes out do you discover who's been swimming naked" Starting to wonder if Byteball is one of those, which makes me the unfortunate bag holder  

read this one :
https://news.bitcoin.com/pr-bank4you-announces-receiving-byteball-payments/

There are lively discussions on our slack, get your invite here: http://slack.byteball.org/

(you better use the social media buttons for an instant invite, with email address only will take much longer)

If there is no more such good news, the market cap of Byteball will be out of the first 100 largest coins.

Hi, I would like to know if is there an official chat? is there only telegram group or also slack, discord?

I think there might be one that is not operated by supreme leader.

They just wanted free airdrop! After Tonych cancelled it they have  released all consumers' GBYTEs. 

This worked out great. Thanks tony. - 70%

I bought a lot more cheaply ... better than a 10% bonus to the bb i already had.

Now though time to quit the creating uncertainty and mistrust in the community let's start making some bb positive moves before we crash out of the top 100.

It's blood in the streets everywhere in cryptos these days, my guess is that people are selling alts with the intention of going to FIAT until the bloodbath is over.

Upvoted. Would love to see the Byteball project catch wind.

Byteball is in the process of establishing a legal entity in Switzerland/Lichtenstein.

This is aimed at bringing marketing and business development to a new level. Consequently, to grow strategically we need a budget enabling us to make short term and medium term plans. We will be converting some allocated funds to Fiat for upcoming expenses on conferences, travel and logistics. To operate and handle Fiat, as well as tax payment you need a legal entity. For potential partners, this is also a requirement, this includes corporations and some exchanges.

Please upvote https://www.reddit.com/r/ByteBall/comments/84wi66/byteball_is_in_the_process_of_establishing_a/

The cancellation of the airdrop was definitely the primary reason, but the price has continued to decline long after that was announced. I would attribute the 10-15% correction in the price once the announcement of the cancellation was made as a direct consequence. But what about the subsequent and substantial destruction in value? From the 50s. Byteball has dropped to the 90s in terms of market capitalization. It could soon be out of the top 100.



May be they just can't be bothered to do a fix? If low volumes persist, they might just delist the coin and put an end to it.

I don't mean to speak out of my depth here, but currently in Byteball, are not all witnesses tonych?

the requirement for publicity and reputation comes from the need to prevent such situations as the seven witnesses belong to one person. And reputation as a kind of insurance. This can not be achieved from anonymous witnesses

my point was about censorship resistance. It is enough to arrange an demonstrative punishment and public persons will refuse to be a witnesses. From that day network down, because all 12 anonymous witnesses  can belong to one person, without strong motivation to be honest. Even if he honest, this is not solution

Cryptocurrency is not the hope that government will not make attempts to destroy the network. This is a network that government just can't destroy