Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 547. (Read 1234315 times)

Why do we need this new bot? What is its zest? Can I make money on this? If so, how much?

I don't think you can use blockchain.info wallet. You need to use a bitcoin wallet which you can sign wallet or send a small transaction from. Try electrum.

I really like the coin and being on bittrex and some other exchanges is really cool but will it be listed on poloneix, i mean bittrex is good but i think trading on polo is really another level

it all depends on the type of bitcoin wallet you linked to it.

is it an hd wallet like blockchain.info or mycelium?

if you spent any coins in the intervening days they'll be on a new address that'll need to be relinked or return the coins to the old address.

i think the byteball bot reports bitcoin balances to you.

I was linked up and received my byteball distribution in July.  Do I need to re-link everything up for the August drop or was that set up I did in July a 1 time thing? 

My bytball, bitcoin and signature is looking correct on the site below.
transition.byteball.org

Any thing else I need to do or was that a set it and forget it job I did in July?  Im hoping as long as my bitcoins are chilling where I left them prior to the July I should be good to go.  Can someone please confirm. 

Thanks and sorry for noob questions.

Imagine if someone insured flights from Qatar Airways a month ago.
The bot or the bot owner could have gone broke?! 

I don't think so. I think the bot owner is going to take profit or loss.

Anyone who wants to take the risk

Who funds the bot? I mean the bot can be profitable or loosing money depending on the probability and randomness of flight delays. I wonder who will eat the loss or profit?

These drops have been golden.
HODLing long, for sure.

It is on 7th August. Airdrop always on full moon night.

When can we expect next drop?

It will available to all country or there is only some country involve now. And how bot will track flight actually got late or it was on time.

Now we have flight delay insurance bot.  It's already added to the Bot Store.



Users can buy insurance in easy to use chat interface.  They don't need to find a peer, the bot is the peer that is available 24/7.  The insurance is a smart contract, hence you don't need to trust the bot.  It is almost the same contract that you can do peer-to-peer but it is composed automatically, users need only to check the contract before paying.  The bot also reminds users when to unlock the contract.

The quotes are based on real stats provided by flightstats.com, so they vary by delay, airline, and flight.  The bot adds 5% profit margin above the probability of delay derived from the stats.

The source code is at https://github.com/byteball/flight-delays-insurance, you can use it as template for your own bots.

I expect growth after August 1 to 20-30% per day. I think we will restore the pre-crisis price for 3-4 days. Easy x2 per week.

I am just bagholding, I bought and getting airdrops. I like it. Is it best just to hold for long term and wait for all airdrops to finish then we should see the price go up correct? No need trying to buy and sell what do you think?

i know its a lonnnnnnng bow as they have to crack ECDSA ..... but yeah pump dump, and wait near end as likely more people have joined in.

Not quite, at least not if you hold until just before the next airdrop.

Say you have 1 BTC linked and I have 1 BTC worth of GB (at current prices $2699.41/BTC and $390.28/GB) i.e. 2699.41 / 390.28 = 6.9165 GB during the coming August airdrop. After the airdrop, you'll have 0.062 GB and I'll have 6.9165 GB * 0.2 = 1.2393 GB, added to your initial balance that is 1.2393 GB + 6.9165 GB = 8.1558 GB. If we wait till just days/hours before the September airdrop when the price of GB is > $900/GB, you'll now have 0.062 GB * 900 =  $55.8 in GB and I'll have 8.1558 GB * 900 = $7,340.22 in GB.

* Any mistake in the math?  

Edit: Took a hint from kaicrypzen's color coding (with edits).  

Yep that's it .

For instance, let's take September's projections, It says you'll have a total of 0.1375 GB for each BTC.

If you link 1 BTC now, you'll get 0.0625 GB after August's distribution. So you'll have 1 BTC + 0.0625 GB, if you hold for September's round, and provided the rules don't change, you'll get 0.0625 (for 1 BTC) + 0.0125 (for the 0.0625 you already have). After September's round, your GB balance will be 0.0625 + 0.0125 + 0.0625 = 0.1375. The same goes for the rest of the projected rounds.

, it's written clearly on the byteball wiki. I'm on a cellphone so it ain't gonna be pretty. Maybe I'm just being stupid and it's compounding for you. That could be it.


 Further months?
If you did it right and got the free bytes/blackbytes, it will continue to work for the following months without you needing to do anything, as long as you don't move the bitcoins or the bytes in the linked (proven by Transition Bot) addresses.
 Projection using above figures (but exact number of months unknown)
 For every 1 BTC, BTC to bytes and bytes to bytes, 20% increase per month
For GB   Aug   Sep   Oct   Nov   Dec
Aug   0.0625   0.075   0.09   0.108   0.1296
Sep      0.0625   0.075   0.09   0.108
Oct         0.0625   0.075   0.09
Nov            0.0625   0.075
Dec               0.0625
Totals   0.0625   0.1375   0.2275   0.3355   0.4651
 For every 1 BTC, BTC to blackbytes and bytes to blackbytes, 40% increase per month
For GBB   Aug   Sep   Oct   Nov   Dec
Aug   0.1319   0.1846   0.2585   0.3619   0.5067
Sep      0.1319   0.1846   0.2585   0.3619
Oct         0.1319   0.1846   0.2585
Nov            0.1319   0.1846
Dec               0.1319
Totals   0.1319   0.3165   0.575   0.9369   1.4436
 Excluding BTC, and starting with 1 GB
1 GB   Aug   Sep   Oct   Nov   Dec
GB   1.2   1.44   1.728   2.0736   2.4883
GBB   1.42222   2.0226   2.8766