Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 436. (Read 1234315 times)

Dude, you gotta be kidding me.

Simply dare to comment on something you don't even try to understand. If you did not read from the beginning what I was writing and you are not willing to help please honor yourself and spare your time by not posting something which doesn’t help anybody. So I will again try to explain my situation.

From the developer I read that you can get bytes from bot and so I installed developer wallet, since I thought that nobody will give you the real bytes. Since I only wanted to try how to properly backup my wallet and also learn how to backup in the case of many linked devices this was sufficient for me. But after I post that I cannot find that bot, Wekkel said that I should post my address and that he will send me some. So I posted address made with dev wallet and this address was NHH2G675VLQEPVEUK7S5KXSNTZ4HYWOX. Two peoples send the bytes to that address but I never received them. Later I figure out that they sent real bytes and that dev wallet is not supposed for user to learn how to do backup. After that I explain situation and hope that developers could redirect that real bytes to the production wallet address ZW7NS5ZKBBDLLMQAIE6KAMCMN7XE3ZHT because this is silly situation. I wanted to learn how not to lose bytes and somebody send me a real bytes which are probably lost.

By the way that arise serious question for the developers. Is there another production address identical to this dev address and that somebody get this bytes. I don’t think that this is the case. More probably those two people lost their bytes and nobody get them. If this is the case developers should explain how it is possible that this transaction is verified even if there is no receiver. Who is the owner of this missing byteballs? At least let’s hope that developers can give back those real bytes to the people which sent it to me.  

Michail 1 if you checked the time I first appear on this forum you could noticed that it was after the last whole moon and that linking account would not give me anything since

1)      I don’t have any byteballs

2)      I don’t have any bitcoins

3)      I hear about Byteball after last whole moon
But I wish you happy living with your ignorance.

@yinyangwinwa you wrote that you do not understand beggars and their mentality. I have couple advices for you. Never judge something you don’t understand. Smart people would know importance of that advice. And also instead of being crybaby about price of byteball try not to drive away possible investors who could help to change the price of byteballs. Especial be careful since there is over 800 cryptocurrency and this investor maybe decide to invest in other one and not in the byteball.

kaicrypzen I really appreciate your response

When you give away a top quality coin for free in a market where people throw money at proven scams, this is what happens, let it be a lesson for the future, go with the market, if people want to throw money at you, don't resist it, just take it.

Yeah let me compete with Ico BTC Wallets like LISK , Waves, Whales that picked up a large Chunk at 9$ and big Exchanges claiming with their cold BTC Wallets.
Nearly at the End of Distrubution OFC.

JUST HOLD MY BEER. 

PS: Most of us are big Fans of free and unregulated Markets and locking Coins is simply a bad bad bad Idea.

This will go down for some more Time and we have to wait for the next Cycle and a fairer Distribution.

Metcalfe's Law done wrong here.
It was designed as a low Supply PnD Coin for Whales in the First Place.
Things should turnarround again after these fucks are done with selling.
Strong Hands > selling at teh bottom here

I don't think its a good idea locking up airdropped coins. Let the free markets sort it out. Sellers will sell, buyers will buy, in the end it works out how it should.

In terms of technical picture. I want to see Byteball break out of this downtrend, its very close just now. (log price scale)

Considering RSI looks oversold and there is no airdrop this month I think Byteball could have a bit of a run. Hang in there.


  

It really doesn't matter which way it went...

a. time locked byteballs - dumpers can't dump, "traders" see little value in "free" altcoin they can't immediately profit from, price stays low
b. unlocked byteballs - dumpers dump so they can profit from their "free" altcoin, price drops as supply > demand

Either way, people moaning about the price need to realise that the "true" value of the coin will not be realised until AFTER the airdrop has finished and all the "ZOMG FREE MONEYYZ!!!!1!!11!1!!" crowd have finally moved on to whatever ponzi scheme "ICO" is the next "Big Thing"™...

It's a terrible idea: if Bytes are frozen, they can't be used. That doesn't only block them from being sold at an exchange, it also blocks them from being used to buy stuff, or send to friends to experience the Byteball wallet.

A partial freeze might have worked. But it could also just delay dumping the coins. In a way, this is what's happening already: the Bytes under Tony's control are frozen and only released to the public in small batches.

of course it is possible. byteball has smart contracts.

What's more real is that DTF actually never asked for real bytes and never said anything about being entitled to receiving bytes from the distribution simply because they created an address.

DTF asked for test bytes from the beginning, they gave an address because Wekkel proposed to send them some, but Wekkel sent real bytes to the testnet address DTF provided. DTF still not seeing the test bytes they expected from Wekkel was confused.

DTF, if you want test bytes, normally there is a faucet that can provide them. Here https://byteball.org/testnet.html you can find all you need to know about testnet. You could also try exporting the seed from your testnet wallet into a mainnet wallet and see if it recovers the bytes sent by Wekkel.

Seems to be a very good idea for me also, but is it possible from the technical side? I also prefer the airdrop just for Byteball Holder.

this is actually a very good idea. It sucks I didn't think of it earlier I would definitely have propagated that idea. All bytes received for free based on BTC holdings should be frozen/timelocked for a year. Or alternatively, a fixed percentage of the airdrop bytes should be allowed for selling.

It's important to know vere these whales are come from ?
And your explanation are very interesting but someone are not oK with...

GByte price is dumping hard and it should not.
Hope the end of this larges sales and the near future GByte pump.

If you buy a lot, you can also control a lot.

You're wrong there: exchanges were allowed to join the airdrop. What wasn't allowed, is an exchange user claiming airdrop from an address owned by the exchange.

It does feel bad though to see the dumpers profit more than the holders, but that can still change in the future. Byteball is working on real life applications. That's a risk, but if it works, it will pay off.

Just let them dump and enjoy your cheep byteball coins...
Airdrop is still going on and the project is very young. I think it is fair the hold this coin for several additional month. I think this coin/technologie has a great future!

You have valid points, except in relation to the exchanges. Tony used some very good mechanisms to prevent this from happening.

One of them was to reject addresses with high frequency of transactions. The bot automatically reject addresses with more than 50 transactions in the last 3 days prior to the linking (except by signature, in which case chances are high that you are the real owner of that address).

The distribution model should change now. It should no longer distribute to BTC holders, it should only distribute to byteball holders.

whales are clearly in dump mode, that's why the price is so low. The concern is whether it is recoverable from this point on.

Reason of this failure was that airdrop allowed exchanges and big BTC holders like ICONOMI or ICO projects to participate. Exchanges were not allowed, but actually they created non-exchange-looking BTC addresses for this purpose.

I guess dumping will go on for quite some time till those big byte holders complete selling.

Perhaps Tony could have laid some freeze mechanism (airdropped bytes (or big part of it) are frozen for at least 1 year). That might have created enough time for technical and business development.

Chasing commercial partners like in 10% payback program at this stage looks a bit late to me.

But other than that, Byteball do not seem to have any big problem. Recently joined programmers may bring some surprise 

Whales always win, whenever they are, they always become ghosts.

At least the whales are dumping now, which helps a great deal with the distribution. I hope they keep dumping, so that I can buy more cheap GBYTEs.