Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 270. (Read 1234285 times)

What if I wanted to purchase some GBYTE and Cryptopia doesn't let me withdraw. Tony really needs to begin sorting out exchange issues. The only reliable one we have is Bittrex and they are closed to newcomers.

Rule number one. Never trust an exchange as a safe place to store coins.
Rule number two. See rule number one. 

Is there an easy way to convert BlackByteballs into Byteballs? I read about a bot directly in the client which let someone convert B to BB. But I could not find a tutorial how I do it. Any help on this?

I would phrase it otherwise but the lockup (and market freeze) at Cryptopia is indeed becoming rather unfortunate.

Cryptopia has been locking GBYTE for at least 2 months now.

Today I filed a 2nd ticket demanding that they release users' GBYTE.

I encourage you to do the same.

Stealing the time value of money is one thing, but if we get to the March distro and Cryptopia is still locking users' funds, it will be a massive financial crime. (Yes I know exchanges are scummy and steal from users all the time).

I'm having a similar position on the issue. I am not totally against of handling of my data to a reliable part for reasons of identification which could benefit ME in the future. I cannot see as a problem the fact that ONE of my Byteball addresses would be linked to my person, since I would never use it except in very specific cases in which I NEED to prove to be me. However, I am also not in a hurry to hand over my data until it is clear which convenience I have - the few dollars are not really such a compelling reason, especially for someone who already has a lot of Gigabytes. Moreover, if the Jumio procedure is likely to fail for technical problems, as so many have already reported, a fact which would make you even lose money, then you understand why only a couple od hundreds of people have successfuly gone though the process so far.

Good points.

Identifying is voluntary and should stay that way. It's useful for people who want to interact with companies that require to know (certain aspects of) the identity of their customers, for whatever reason (could be legal, e.g. in the case of ICO's).

I agree tho that the fundamental strength of crypto is it's total independance of any regulatory agency.

Still there will be points where this free world and the regulated world meet. I for one have no issue with interacting with regulated entities (like Bittrex, where I have a verified account), so I welcome this option.

A person's reaction to the Jumio issue may depend on whether they have already encountered Jumio. For example, anyone who has a verified account on Bittrex or Uphold has already taken the plunge and given Jumio their identity details. Like some other commenters, I find the notion of centralized ID-proving to be at odds with the goals of crypto. It's a process that is easily exploited by would-be totalitarian entities. However, it has become a fact of modern life. Whether it will become "normal for everyone" or be "rejected by the masses" remains to be seen.

You may know the name John Perry Barlow, who died yesterday. He spent much of his life trying to keep Big Brother's hands off the Net. "Barlow’s lasting legacy is that he devoted his life to making the Internet into “a world that all may enter without privilege or prejudice accorded by race, economic power, military force, or station of birth . . . a world where anyone, anywhere may express his or her beliefs, no matter how singular, without fear of being coerced into silence or conformity.”"

https://www.eff.org/deeplinks/2018/02/john-perry-barlow-internet-pioneer-1947-2018

Yet here we are.

I can see both sides of the Jumio issue. Tony's (and Jumio's) notion of proving identity to strangers without giving them identity details has some appeal, but it requires a trusted third party (Jumio, in this case) which can potentially leak or be hacked. So far, I'm not persuaded to link any Byteball account(s) I may or may not have with Jumio, but I'm watching with interest.             

Suirelav (Byteball subreddit moderator) released his new recap article on Medium yesterday.
Most of you probably already know everything in it, still worth a read in my opinion.

https://medium.com/@Suirelav/byteball-whats-happening-february-2018-b764dd7b776c

City of Taipei Confirms It's Testing IOTA Tech for ID


https://www.coindesk.com/city-of-taipei-confirms-its-testing-iota-blockchain-for-id/

That is correct. I would also add that verification by Jumio is one of the new distribution methods. Once you are verified, you get a small amount of bytes ($20 worth, which should cover the $8 required for Jumio verification). If you refer somebody and they complete verification, you get $20 worth of byteball as well.

From my Understanding, Textcoin came before Jumio, textcoin allows you to send coins via email to anyone, hence textcoin (you already know  having used it) - Jumio deal, from my understanding, is strictly for KYC verification, the idea is that ICO's would use the GBYTE network cuz its KYC compliant, and that verified Gbyte users would have access to less spammy/scammy ICOs.

so this whole Jumio verification is so that Gbyte users can have KYC compliant ICOs... (something along those lines)

if anyone wants to clear up any confusion...

Okay now I am confused a bit, I thought textcoin and this Jumio thing were the same process, but it sounds like it is not? Because I sent my friend a little bit in textcoin and he received it super quick without doing anything. Could somebody please explain to me how these two are different, cause I thought they were in the same until I saw this discussion now . Thanks in advance

It is a contradiction in our eyes, but of course not in the authorities' eyey, so we can expect that at some point new laws will make mandatory for people to associate their identity to their wallets in all cryptocurrencies.

man, that is bad but completely expected. you're asking people to hand over ID to total strangers and go through all that hassle for a few dollars' worth of byteball. to expect a decent number of people to want to do that, let alone go through with it, is risible. it would have to be several times more in value and even then i don't think most people would do it.

handing over ID is kryptonite here. it'll be done to get on the biggest exchanges. not for a tiny airdrop.

this is a resounding fail.

as a few posts above, if there was a super compelling project that required it then it might be considered worth it and it's great that a system like this is in place, but here and now if i were a newcomer to byteball i absolutely wouldn't do it for what's on offer.

I don't understand the reluctance to get listed on more exchanges. Whats to lose?

I didn't realise this was supposed to be a way of distributing bytes? I thought it was a new feature to increase the amount of use cases in which byteball is useful.. in which case its a nice feature that may (or may not) grow to be useful.

The thing is there has to be a reason to verify your ID. Many especially I guess in the crypto sphere value privacy so there has to be good reasons why you would do it and risk identidy fraud or whatever. For example I haven't yet trusted an exchange with copies of my passport..  So if you take the plunge. What can you do with it once you've done it? I'm not going to give my ID for 12 bucks unless it has further benefit to me. I guess I'm just asking what can you do with it once you've done it? 12 bucks is not an incentive.

Checkout the stats here - https://byteball.fr/heartbeat.php
The number is 267 now, and it hasn't moved in a few days.

I must admit that it has been a failure. I had anticipated much more buzz and participation. Hopefully, we can keep this going and see if things improve closer to an ICO, but I guess it is time for the next experiment/distribution method, if any.

I think you judge it too quickly. At the moment there is no real incentive to do the attestation, most people don't want to expose their ID for a few $. Once there is an interesting ICO on the platform that requires KYC to participate you can actually evaluate it. Perhaps Titan Coin will be it, perhaps not. Besides, as you can conclude from many posts here and on Reddit the process is far from streamlined and can be improved a lot to make it more user friendly.

This project seems to have potential.