Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 4. (Read 1233970 times)

My 6y old Bittrex verified account is restricted for 2 months, can't withdraw, can't trade.

They don't provide any answers, their legal team does not respond to emails.

Don't leave your funds on Bittrex, you have been warned.

Really? It was listed on Upbit and BitZ, but nobody traded it there. What was stopping the promotion efforts then?
You should promote Obyte, not centralized exchanges that can lose your money.
No use of more exchanges when there is no users to trade it. More users need to be trading on existing ones.

Obyte is listed where people trade it, Bittrex for Europe and United States users, Coinspot for Australian users, Uniswap/Pancakeswap/Quickswap for those who don't want to deal with centralized exchanges.
https://obyte.org/#exchanges

The possibility of listing on other exchanges is not being considered?
There are still very few exchanges available.
And this negates all promotion efforts.

New video: Obyte explained in under 2 minutes!
https://www.youtube.com/watch?v=RVzJDoRrv0A

deleted

Some tentative movements on the Obyte-market on Bittrex... Volume is still way to low tho. More patience....

Yes I've been following this coin since 2017 and I agree, very strange that it doesn't have a higher market cap compared to most of the coins out there these days. Especially considering how much has gone into the developement. I find it very undervalued also, been hodling since 2017 some bytes.

Maybe some people finally understood how undervalued this microcap GBYTE is https://www.reddit.com/r/obyte/comments/qaueft/here_is_an_example_how_cheap_gbyte_is/

Or they are excited about oswap.io v2 https://blog.obyte.org/whats-next-for-obyte-oswap-v2-71caa4181c6d

Seems to be up 100% today. And still climbing. Been a while since i've been up to date with this coin. Any news? Seems like the 100% could be do to some Binance listing. Why is it going up 100% when most alts are down this week. Very strange.

New Video: Obyte and the Internet of Things
https://www.youtube.com/watch?v=07tQsGy9_Lk

Yesterday i installed the new version, and already all fine. THX

I don't use at time the ETH Chain it's to expensive .

Okay thanks yes I see Cmc has just neglected to show it has a listing on those large dex.
I'm in with a few hundred GB now, so will be watching how this turns out.
I will also be dropping Obyte into any smart contract chats on reddit that I notice.
Be interesting to see some discussion and debate there. I've not seen it mentioned much on reddit.
A nice deep dive by one of the knowledgeable reviewers there could bring some much needed coverage.

CMC sucks and the name is Obyte, not 0byte. The exchanges are listed on website https://obyte.org/#exchanges

GBYTE is available on Uniswap, Pancakeswap and Quickswap
https://app.uniswap.org/#/swap?outputCurrency=0x31f69de127c8a0ff10819c0955490a4ae46fcc2a
https://pancakeswap.finance/swap?outputCurrency=0xeb34de0c4b2955ce0ff1526cdf735c9e6d249d09
https://quickswap.exchange/#/swap?outputCurrency=0xab5f7a0e20b0d056aed4aa4528c78da45be7308b

Even CMC shows that GBYTE is available on Ethereum, BSC, Polygon, but they don't show the Uniswap, Pancakeswap and Quickswap markets. Coingecko does shows Uniswap and Quickswap markets, but not Pancakeswap. Coinpaprika tracks most GBYTE market s, even cryptox.pl and Bitladon, but doesn't show the AMMs.

New GUI wallet got released https://github.com/byteball/obyte-gui-wallet/releases

Uniswap and Pancakeswap are top10 exchanges according to https://nomics.com/exchanges
https://app.uniswap.org/#/swap?outputCurrency=0x31f69de127c8a0ff10819c0955490a4ae46fcc2a
https://pancakeswap.finance/swap?outputCurrency=0xeb34de0c4b2955ce0ff1526cdf735c9e6d249d09

Thanks for another great reply.

Yes, I only repeat what I've heard on reddit.
Layer 1 smart contract platforms eth, avax, dot etc
Layer2 is matic aka polygon etc

Would be good for obyte to get injected into discussions comparing smart contract capable platforms on reddit.
Bct has kind of almost died in terms of readership.
The distribution model was a bit of a shame but in time with enough good marketing price will start to rise.
It needs to demonstrate it is a competitor to the other well known smart contract capable platforms.

The search is on from investors to find a platform that can handle defi like eth without the gas fees.
On cmc when you look for 0byte markets there is only bittrex and 1 other exchange. Be good to make 0byte available on uniswap and pancake and pangolin.

Anyway I have a couple of hundred GB of 0byte so will start dropping it into discussions where I see other smart contract platforms compared on reddit.  I think you ( because you understand it deeply) could do well for obyte on reddit especially on R/cryptocurrency
And other subs.

I may also start buying up a lot more now since it has a tiny cap even 10x smaller than syscoin which has only just now added evm.
They have a dag part on top of a pow part. I've dumped all my ada and going into smaller cap solutions that can still provide smart contracts under 500M, these 90 billion platforms are not going to pull a x50 or x100 now.
Obyte still could if investors believe it can solve or efficiently work with in the confines of the trilema.

Hello and have a nice day, thanks for the quick reply. That is correct I have a full node of the wallet, as soon as the new release is ready I will test the new wallet and let you know.

Are there any listings planned in the near future on any of the TOP 10 exchanges to further increase the trading volume?

Did not know they are called Level 1 Smart-Contracts, I call those that let you spend on certain conditions as basic smart-contracts (Bitcoin scripts, Obyte conditional payments) and those that react to your trigger as advanced smart-contracts (Ethereum smart-contracts, Obyte Autonomous Agents).


Found 4 on Reddit, but I doubt they help making informed decisions
https://www.reddit.com/r/obyte/comments/f9yfls/blackbytes_vs_other_privacy_coins_february_2020/
https://www.reddit.com/r/obyte/comments/cfacjs/blackbytes_vs_the_big_3_july_2019/
https://www.reddit.com/r/obyte/comments/cmyan5/how_obyte_transaction_fees_and_fee_model_compares/
https://www.reddit.com/r/obyte/comments/alaguh/obyte_google_and_ethereum/


Or you could bridge the tokens over and use the wrapped tokens on the other network. This way you don't need to deplay or rewrite any new smart-contract.
https://counterstake.org/

Ethereum fees sucks, so it makes sense to bridge tokens from Ethereum to Obyte and use those tokens on Obyte instead for low fees, but what's missing on Obyte that is successful on Ethereum, but not already implemented on Obyte?
* Uniswap - https://oswap.io
* DEX - https://odex.ooo
* rewards for liquidity providers (i think Uniswap doesn't have it anymore) - https://liquidity.obyte.org
* DAI/SAI or other collateral based loans - https://ostable.org
* OpenSea/Rarible - https://cryptothings.gallery

In a way, how many actual users are on Ethereum and how many of them are just bots that arbitrage and do MEV? Ethereum is so clogged because it's profitable to MEV. If somebody has to pay 10 ETH to sandwitch attack somebody, but while doing it will earn just 1 ETH, they will do it.


Blockchain Trilemma:
* Decentralized - In terms of deciding what goes into the ledger and in what order? Obyte wins hands down, there is no middlemen to decide that. In terms of how many full nodes out there? Currently there aren't many because it's small community, but it is currently much easier to run a Obyte full node than Bitcoin or Ethereum full node. During last 4-5 years, Obyte full node has grown to 70 GB, which is nothing compared to how big are Bitcoin and Ethereum nodes. If Obyte would be as popular as them, it would probably grow as fast as them and will not have any benefit in terms of ease of running full node. But in terms of what goes into the ledger, Obyte would still be more decentralized.
* Scalable - There has been no urgent need for scaling yet, but Obyte already has Payment Channels and there has been progress made on Sidechains. Best part, getting into and out of Payment Channels or bridging to other chains doesn't cost you an arm and a leg. You can already bridge to Ethereum, Binance Smart Chain and Polygon, the cost is usually there because claiming on the other chain is much more expensive than on Obyte https://counterstake.org/
* Secure - It might not be as secure as Bitcoin because Bitcoin is over-secured anyway and doesn't change much at all, but Obyte is as secure as Ethereum or even more secure. Front-running is difficult and sandwitch-attacks are near impossible. Can't double-spend and can be sure that your transaction is final when it becomes stable, no possibility to re-org.

But does that matter if you put "blockchain experts" into a room and say these things? No, people can't even agree, which blockchain has more merit than the other, let alone understanding how it compares to DAG. There is still very few people who understand what Order Providers (Witnesses) can do and cannot do. For somebody who is into the MEV-game, the best DeFi platform is the platform where they can extract out most value with MEV.


I have theory that Ethereum will not be as valuable when it finally goes PoS. The reason why Bitcoin and Ethereum has enjoyed those nice gains in price is because miners can't afford to sell lower than what they bought the electricity and mining equipment. Generally, more miners enter the competition and the rewards go lower with halvings, this forces the miners to sell higher. If at one point, miner would not need to pay so much for electricity bills, they could sell the reward at any price. This is the problem with GBYTE price too - if you never had to pay anything to get GBYTE, you can dump it at whatever price. Bitcoiners are used to dump coins from forks, so it doesn't matter for them at what price they dump GBYTE because they got it for free. Past years, it seems like 20-30 USD is the price where it starts to affect those people in terms of whether it is even worth to dump because Bittrex wallet has 100 000 GBYTE, but only 5000 GBYTE is on orderbooks.

You sound very knowledgeable regarding these level 1 smart contract platforms. Thanks for you detailed reply.

Comparison charts comparing :

Tps, security, decentralization and other important aspects can really get average investors excited.
I see that some are not useful due to variation on calculating but this still throws up the discussion in the context of other level 1 giants.
Investors always looking for that sleeping giant with the advanced tech nobody has spotted yet.

The main issue is the network effect.
Eth has it and sol is getting some now.  Ideally you want to be able to port over dapps to work on your platform easily I guess.

Let's imagine you had to enter a very public and transparent debate comparing the plus ans minus of obyte compared to most other level 1 smart contract platforms. Do you think obyte could make a compelling argument to state it is a legitmate contender to ethereum, sol, dot avax at improving and solving the " trilema"  

I mean if the best tech most suitable to defi was to win at this stage ( assuming equal network effect for end users and devs) so only considering the tech side. Would byteball be superior or at least equal to these market cap monsters?

So if investors were all super tech savvy do you believe obyte would be up there in the top 20?

This project seems very interesting. I mean if it really is similar or even an improved avax for such a tiny cap?
Also why not bridge so people can buy this on dex like uniswap, pancake and pangolin dexs?

I know it's a huge pain to change project names but if you blow up to a billion cap then maybe a rebrand with a slick catchy name may be a good idea.

Is the community anywhere else? Discord or telegram? These seem a little dead?
This looks to have been a large community before.

Ignore that, it's old article written by me and published on Hackernoon by another author (basically sponsored content). It compares advanced Ethereum smart-contracts with basic Obyte smart-contracts (conditional payments), which have similar functionality to Bitcoin smart-contracts (basic scripting languages it has but not many know).
https://medium.com/blockstream/miniscript-bitcoin-scripting-3aeff3853620

In 2020 February, Obyte released Autonomous Agents, which are more equivalent to advanced Ethereum smart-contracts. Why it's called Autonomous Agents and not smart-contracts? Because Obyte already had smart-contracts and unpopular opinion, but smart-contracts is a shitty name for a sub-programs that can be deployed on-chain, actual smart-contracts are more like conditional payments that the basic scripting enables to do. Matter of fact, Ethereum whitepaper called their smart-contracts as Autonomous Agents too, but Ethereans decided to go with Smart-Contract. Hyperledger Fabric calls it Chaincode.
https://ethereum.org/en/whitepaper/#ethereum-accounts
https://obyte.org/platform/autonomous-agents


What would you like to see on them? I have made some comparison charts for myself, but more about different cryptocurrencies, not about smart-contracts. Most of the charts I have seen are not very accurate, especially when TPS is compared, because everybody calculates the TPS differently.

* Solana - it's main thing is about keeping the block producers time in sync very accurately, so they know when it's exactly each block producer's turn to produce blocks. Kind of nonsense IMHO, they could just have made the blocks bigger instead of making blocks so often. Reminds me of EOS, probably nobody will be able to run it soon. Not sure about their smart-contracts, probably clone of EVM.
* Avalanche AVAX - it's basically DAG of blocks with Proof of Stake, but Obyte is DAG of storage units (these are like transactions, but they can contain many different kind of messages from accounts controlled by same extended private key, eg same user). Avalanche is probably better than other blockchains, but doesn't get rid of block producers who are the middlemen/gatekeepers, but Obyte does - Obyte is ledger without middlemen. Avalanche also has multiple chains and on one of them, the tokens are natively supported (just like Obyte), but some other chain for DeFi is clone of EVM, i think. In general, odd hybrid.
* Polygon - clone of EVM, basically all same as Ethereum, but not decentralized at all. Great for low fees, wrapped GBYTE is on their Quickswap too https://quickswap.exchange/#/swap?outputCurrency=0xab5f7a0e20b0d056aed4aa4528c78da45be7308b
* Binance Smart Chain - clone of EVM, basically all same as Ethereum, but not decentralized at all. Great for low fees, wrapped GBYTE is on their Pancakeswap too https://pancakeswap.finance/swap?outputCurrency=0xeb34de0c4b2955ce0ff1526cdf735c9e6d249d09
* Nano - is basically a school project that turned into actual cryptocurrency. Its scope is very small, it can just do send/receive payments and they secure the network with dPoS, but it's actually not Proof of Stake at all because you actually don't stake any of your funds at all (there is no slashing for wrong doing). Originally, delegates had to vote on conflicting blocks (basically transactions, because each block contains 1 transaction), later they changed it to voting on all blocks. Since there is no fees, it also means that it's also free to spam it. Fun!
* IOTA - mother of all clusterfu*ks - i wouldn't touch it with ten-foot pole. They basically have stepped into all buckets/rakes that there are. First they started with stateless wallet that couldn't generate it's own keys, you had to generate them with online tools that stole your keys (one guy was charged this year). Then they let MIT review their code and argued that their open-source code (coordinator is closed-source) didn't have vulnerability in ternary hashing functions, but it was copy-protection instead. Then they stole user funds because they found out that you could spend any funds that was sent to address that was already used before, later they let users claim the funds back, not all did (probably because KYC). Last, but not least, they hot-linked Moonpay payment-processor library, which got hacked, so they needed to close down the payments for whole month (data still worked). Their fans are pretty good at migrating private keys because I don't know how many times they have done it already + each time they hand over their KYC info too. 
* Cardano - endless promises that took 3 years to develop and still failed with the most basic DeFi use case on their testnet. While Ethereum and it's clones are using account-model (balances are in state), Bitcon, Obyte and Cardano uses UTXO model. Obyte implemented Autonomous Agents so it can use any available UTXO, while Cardano forgot the possibility that somebody could add a transaction to a block that tries to spend the same UTXO - result is that only the first TX in a block spending the same UTXO will go through.

Obyte developed support for advanced smart-contracts in 11 months and has improved them a lot in past year. Next week, 3rd version of Autonomous Agents will activate.


It can mean anything, Obyte Autonomous Agents can be called more powerful than Ethereum Smart-contracts too because it has features that Ethereum doesn't, mainly because Ethereum has nothing built-in, just sandbox with sand in it and you can choose to build whatever you want from scratch. Other platforms, including Obyte, have noticed that pretty much every smart-contract will use tokens, so why not support tokens natively and not let users build them as yet another smart-contract.


Yes, same kind of dapps can be deployed on different platforms, but if it's not EVM based then they probably need to be rewritten. Also, Oscript (the language for Autonomous Agents) is a mix of declarative structures and imperative programming language, but Solidity is mostly just imperative programming language.


I personally think it's because 65% was given to Bitcoin holders for free, who has been dumping since the airdrop ended, so there hasn't not been any strong floor, but for last couple years, the floor seems to be around 20-30 USD, which seems so low that even those who have GBYTE, don't think it's worth to dump anymore. coins in circulation * price = marketcap.


It's not 0byte, it's Obyte. Some didn't like Byteball, some don't like Obyte. There will be no better name because there will always be somebody who doesn't like it. And it's pain in the ass to change the name, so I doubt we will go through that nonsense again.

There will be new GUI wallet released this week, which will fix this. It affects only full nodes, light wallets should be fine.