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Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 30. (Read 1234317 times)

full member
Activity: 563
Merit: 103
It is so painful to watch such a good project getting down to the most trivial level by distributing bytes through a lottery. Among all the ways I could think at, this is probably the stupidest. It does NOT create adoption. It doesn't motivate anyone intelligent to do anything useful for the project, as only idiots with zero understanding of probabilities believe they can win at a lottery.
It pisses off 99.99% of the holders who never win - which means every week they feel they always lose. Thank you Obyte. Psychology anyone? Obyte may have superb coders, but certainly when it comes to notions of psychology it totally sucks. Zero. Nada. Nichts. ничeгo. 没什么
Other projects out there, like Hedera Hashgraph, have prepared accurate decades-long plans for distributing their coins and achieve decentralization. It's amazing how accurate such plans are (this doesn't mean that their plans don't have flaws, which they have, but at least it's a well thought plan)
I know your objection that you ALSO have good plans of distribution - tech bounties etc.
Fine, then stop with the stupid lottery nonsense and expand your bounty plans. Or try to onboard big institutions and fund them with bytes. Or if you really cannot think at new useful ways to distribute bytes then PAY with bytes people who CAN.
Since you are coders you can think only at making bounties for coders - how stupid can a genious be? Make bounties for the tasks you are totally incompetent for!

Have you ever heard of unknown unknowns? You seem to be rather blind towards the things you ignore - ie you even ignore that you ignore them. Otherwise you would have set bounty programs time ago to reward people able to do what you obviously can't. Or perhaps, as coders you intimately despise any skills which is not connected to coding - and this is why you'd pay bounties only for coders.
So childish.
So first of all please abolish this stupid, useless lottery which is harming the project by waisting bytes that could be spent usefully.
Second of all, pay me a bounty for having suggesting you one first right thing to do.
My two cents - or bytes.


The funds are not meant to give away to institutions, they are meant to be distributed to users. There is around 10% for Obyte Foundation and around 20% for distributing to users left. Just giving large amount to some business for free would look even worse to the community. They can afford to buy the Bytes like everybody else, GBYTE is on sale for quite cheap at the moment.

Do you have proof (actual data) that draw airdrop is harming the project or that's just your opinion?

* Newsflash, draw airdrop doesn't happen every week, it's after every 2 weeks. It is not pointless, it motivates people to hold the bytes, exactly what some people asked for, a motivation to hold.
* Developer contest for Autonomous agents happens also after every 2 weeks. Draw airdrop happens on one week, the developer contest the next week, which makes the distribution fund burn for these 2 distributions around 300 GB per week. This distribution is for people who actually do stuff, but there isn't many of those people, I guess nobody wants to do anything to get free bytes.
* Around 2-3 GB per day is distributed on World Community Grid for people who voluntarily help to do the science calculations https://wcg.report/
* Then there is grants program, which is not only for developers, anyone can write a proposal project document, but not many do. I guess it is too much work to actually do something that would benefit the community, everybody just wants stuff for free. https://medium.com/obyte/byteball-grants-program-906a71b93d3c
* There is also Real Name attestation, on which anybody can get their document verified and a private KYC profile into their wallet app. Distribution funds are used to pay Jumio for doing this, give reward to users for doing this and reward users who invite others to do it.

These 5 distribution methods are not the only ones, but they are probably the biggest at the moment. You can come up with better methods and share it with the community, but you probably won't come up with anything better (more viral and less abused) https://medium.com/obyte/distribution-methods-revisited-we-need-you-b0a38800b722

All I can see is that you think that somebody should just give you free bytes for actually not doing anything really, just for writing a random misinformed Bitcointalk post.
full member
Activity: 714
Merit: 117
It is so painful to watch such a good project getting down to the most trivial level by distributing bytes through a lottery. Among all the ways I could think at, this is probably the stupidest. It does NOT create adoption. It doesn't motivate anyone intelligent to do anything useful for the project, as only idiots with zero understanding of probabilities believe they can win at a lottery.
It pisses off 99.99% of the holders who never win - which means every week they feel they always lose. Thank you Obyte. Psychology anyone? Obyte may have superb coders, but certainly when it comes to notions of psychology it totally sucks. Zero. Nada. Nichts. ничeгo. 没什么
Other projects out there, like Hedera Hashgraph, have prepared accurate decades-long plans for distributing their coins and achieve decentralization. It's amazing how accurate such plans are (this doesn't mean that their plans don't have flaws, which they have, but at least it's a well thought plan)
I know your objection that you ALSO have good plans of distribution - tech bounties etc.
Fine, then stop with the stupid lottery nonsense and expand your bounty plans. Or try to onboard big institutions and fund them with bytes. Or if you really cannot think at new useful ways to distribute bytes then PAY with bytes people who CAN.
Since you are coders you can think only at making bounties for coders - how stupid can a genious be? Make bounties for the tasks you are totally incompetent for!

Have you ever heard of unknown unknowns? You seem to be rather blind towards the things you ignore - ie you even ignore that you ignore them. Otherwise you would have set bounty programs time ago to reward people able to do what you obviously can't. Or perhaps, as coders you intimately despise any skills which is not connected to coding - and this is why you'd pay bounties only for coders.
So childish.
So first of all please abolish this stupid, useless lottery which is harming the project by waisting bytes that could be spent usefully.
Second of all, pay me a bounty for having suggesting you one first right thing to do.
My two cents - or bytes.
full member
Activity: 563
Merit: 103
Thank you for your explaination.

Unfortunately this is very unsatisfying situation.

I wanted to sell (send) BB from exactly 10 UXTOs.
This is already too much?? Really?

How can i determine the denomination of a single unspend transaction?

Not sure how to see UTXOs or denominations of blackbytes, I think it is not displayed anywhere in app. What you can see is how much blackbytes you have on different addresses of currently selected wallet, for that you need to click gear icon on home screen, then Advanced and then Wallet information and then scroll down to Balance by Addresses.
member
Activity: 122
Merit: 16
Thank you for your explaination.

Unfortunately this is very unsatisfying situation.

I wanted to sell (send) BB from exactly 10 UXTOs.
This is already too much?? Really?

How can i determine the denomination of a single unspend transaction?
full member
Activity: 563
Merit: 103
Blackbytes never listed on centralized exchanges, only listed on https://blackbytes.io/

Hello!

I just tried to place an order for selling blackbytes for a certain ratio.

When i want to transfer the blackbytes to the bots address i get an error message:
"Too many messages, try sending a smaller amount"

What's going wrong here??

Thx and regards,
djoser.

Blackbytes have denominations like banknotes. Each message describes how much banknotes should be sent from previously unspent outputs. Each storage unit (transaction) can have limited number of messages, so you should place an order in smaller amounts because you have probably too many different unspent outputs and denominations.
member
Activity: 122
Merit: 16
Blackbytes never listed on centralized exchanges, only listed on https://blackbytes.io/

Hello!

I just tried to place an order for selling blackbytes for a certain ratio.

When i want to transfer the blackbytes to the bots address i get an error message:
"Too many messages, try sending a smaller amount"

What's going wrong here??

Thx and regards,
djoser.
full member
Activity: 563
Merit: 103
i be told the private coins unlisted from the exchange  Huh

Blackbytes never listed on centralized exchanges, only listed on https://blackbytes.io/

I often wonder when will blackbytes have a decent trading volume in that site you mentioned. I personally like blackbytes, but how can I pay someone with it when it is not easily convertible. And anything needing a private transaction is very valuable and expensive. Maybe Obyte lead team should look into it - re: trading and adoption.

You are asking multiple things from it: high volumes and privacy. Blackbytes are not really suitable as speculative asset because they should be only traded P2P without any middlemen between. Otherwise it would loose its privacy features if large volume would go through some single entity.
sr. member
Activity: 924
Merit: 260
i be told the private coins unlisted from the exchange  Huh

Blackbytes never listed on centralized exchanges, only listed on https://blackbytes.io/

I often wonder when will blackbytes have a decent trading volume in that site you mentioned. I personally like blackbytes, but how can I pay someone with it when it is not easily convertible. And anything needing a private transaction is very valuable and expensive. Maybe Obyte lead team should look into it - re: trading and adoption.
full member
Activity: 563
Merit: 103
i be told the private coins unlisted from the exchange  Huh

Blackbytes never listed on centralized exchanges, only listed on https://blackbytes.io/
newbie
Activity: 104
Merit: 0
i be told the private coins unlisted from the exchange  Huh
legendary
Activity: 1456
Merit: 1010
Ad maiora!
I'm interested in testing some coins. Which are the methods to gather some?
legendary
Activity: 965
Merit: 1033
Version 2.8.0 released and it brings a few nice updates https://github.com/byteball/obyte-gui-wallet/releases

* Witnesses are now shown with their names and a URL to learn more information about them and make an informed choice:






* Dollar amounts are now displayed when sending coins.  It works for Bytes and other tokens for which exchange rates are available:




* Badges are now displayed on history tab when new payments are received:




* Arabic translation added, other translations improved:




* Fixed a bug that prevented the app from starting on Android 4.4.


The updates are not big, most of the development efforts currently go to autonomous agents on testnet.
legendary
Activity: 1652
Merit: 1007
Its a wonderful tech

Oh, I watched that movie, it is a classic rerun every Christmas time. George Bailey and Clarence - it's similar to the story "A Christmas Carol." Lol, I'm just kidding. I still use Obyte for the World Grid project.
jr. member
Activity: 126
Merit: 1
Its a wonderful tech
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
... if you add a Real Name attested address or Steem attested address with more than 60 reputation then you have bigger chances to win on next draw.

Thanks for all these answers, I already registered with my old Real Name address for the next draw.

There are half a million addresses on Obyte, distributing to all addresses doesn't make any sense because we don't know, which addresses people still have access and which ones not...

That was easy because you could accept only active addresses with last transaction not older as 3 months or any other amount of time. This would limit not used addresses to a minimum.

Anyways, now is too late.
full member
Activity: 563
Merit: 103
Most likely they are talking about the Weekly Draw. It was announced here in the thread and on a Medium post last December 2018. If you are curious about the details, you are free to visit the given links...

Thanks for this very fast and detailed answer. As always I am too late because Weekly Draw was planed only for 6 months and started in December 2018.

Weekly draw is a new distribution method that rewards Byte holders...

How long will this distribution last?

We plan to run these draws weekly. There is no specified end date but we hope to run the draws for at least 6 months. Needless to say, the weekly draws cannot last forever (only 1 million GB of Bytes and 2.1111 million GBB of Blackbytes will ever exist)... The first draw is on Friday Dec 14 at 12:00 UTC...

I thought it was for all holders but there was an additional requirement to whitelist the Obyte address to be eligible for the Weekly Draw.

So I understand that not much left to distribute?

No, it was said that it will run AT LEAST 6 months. It started only with 1 draw every week, then changed to 2 draws every week and now is 2 draws every 2 weeks. Next draw is on 20.09.2019 http://draw.obyte.org/

There are half a million addresses on Obyte, distributing to all addresses doesn't make any sense because we don't know, which addresses people still have access and which ones not. Also, if you add a Real Name attested address or Steem attested address with more than 60 reputation then you have bigger chances to win on next draw.
legendary
Activity: 965
Merit: 1033
The winners of the 4th round of the developer contest are announced:

https://medium.com/obyte/fourth-round-of-obyte-atonomous-agents-developer-contest-430891f9cf4b

1st prize 140 GB and 422 GBB:
hey_monkey — “Offer reward to get triggered in the future (THAANKS)”
https://github.com/pascalSAINVITU/THAANKS

2nd prize 70 GB and 147.7 GBB:
barborico — “Ownerless AA Registry”
https://github.com/jldevelops/o-waar

3rd prize 35 GB and 73.85 GBB:
Whoisterencelee — “Red vs Blue game”

Best tutorial 55 GB and 116.05 GBB:
hey_monkey — “Understanding AA Structures”

The contest continues and the deadline for entries is September 26th, the winners of round 5 will be announced on September 29th.

hero member
Activity: 1372
Merit: 647
Most likely they are talking about the Weekly Draw. It was announced here in the thread and on a Medium post last December 2018. If you are curious about the details, you are free to visit the given links...

Thanks for this very fast and detailed answer. As always I am too late because Weekly Draw was planed only for 6 months and started in December 2018.
As stated, "there's no specified end date" and "at least six months", not at most Smiley As long as they didn't announce an end date, the weekly draw continues. If you want to participate and willing to comply with the rules, you still have a chance.

https://twitter.com/ObyteOrg/status/1169208745743867908

jr. member
Activity: 111
Merit: 2
Thanks for this very fast and detailed answer. As always I am too late because Weekly Draw was planed only for 6 months and started in December 2018.
Nope, you are not: http://draw.obyte.org/

I thought it was for all holders but there was an additional requirement to whitelist the Obyte address to be eligible for the Weekly Draw.

So I understand that not much left to distribute?

https://stats.obyte.org/Top100Richest.php

263000 GB left to distribute

Open to everyone
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
Most likely they are talking about the Weekly Draw. It was announced here in the thread and on a Medium post last December 2018. If you are curious about the details, you are free to visit the given links...

Thanks for this very fast and detailed answer. As always I am too late because Weekly Draw was planed only for 6 months and started in December 2018.

Weekly draw is a new distribution method that rewards Byte holders...

How long will this distribution last?

We plan to run these draws weekly. There is no specified end date but we hope to run the draws for at least 6 months. Needless to say, the weekly draws cannot last forever (only 1 million GB of Bytes and 2.1111 million GBB of Blackbytes will ever exist)... The first draw is on Friday Dec 14 at 12:00 UTC...

I thought it was for all holders but there was an additional requirement to whitelist the Obyte address to be eligible for the Weekly Draw.

So I understand that not much left to distribute?
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