Obyte: Totally new consensus algorithm + private untraceable payments - page 579.

LoyceV

legendary

Activity: 3290

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Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: sinner on July 13, 2017, 01:00:26 AM

i linked my main BTC addresses to a byteball address generated offline

Does that mean you told the transition bot an address that isn't part of the wallet you chat with?

Quote from: NUFCrichard on July 13, 2017, 01:31:57 AM

I agree with this. At the moment people aren't really incentivized to sell, they will get a 20% bonus on what they hold anyway. so if someone has 1GBYTE, and there are 4 more airdrops, they will have 2.07 GBYTE after the last airdrop, even without holidng any BTC. That means that the price will have to more than half for it to be worth their while selling now, instead of later.

After each Airdrop, the maths changes. Next time it will be a more attractive time to sell, after 2 more airdrops, it will be even better.

I predict carnage after the last drop, but as you say, that is when the true price discovery phase starts.

This can go both ways: despite getting like $60 million per month for free, people are still buying Byteball. If the airdrop stops, there's no free money to dump anymore, so prices could go up. I can only assume Tony thought this through, because so far Tony did very well.

Freefactomizer

full member

Activity: 346

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Yes undistributed coins are controlled by the lead dev. While distributions are on-going Byteball isn't decentralized, it's not wishable that they lasts many years.

jukKas

full member

Activity: 364

Merit: 100

Hi!

Great project, I like the distribution model a lot! It have gained a great community already.

If I'm understanded right there's still few airdrops before all distributed.

What do you think happens to the price after airdrops? Is it going down because hype subsides, or is it going up because there's not going to be new coins?

It would be nice if those airdrops keeps coming for years, so as many as possible can hear about project and participate also whales don't get so icy portions of network.

Is it that the main dev still holds all the undistributed coins?

Thanks!

CoinCidental

legendary

Activity: 1316

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Si vis pacem, para bellum

Quote from: lijoe408 on July 12, 2017, 10:53:21 PM

I wonder if airdrops occurred at random times, would it have made the value go up more.

random airdrops would kill it imo
people use their btc for margin funding on exchange loans and some people sell their altcoins to get more bitcoins and then rebuy each month
no matter what happened people would say it wasnt fair and that some had insider information earlier than others etc
and exchanges would probably keep more too because they could have higher balances in cold wallets we likely dont know about claiming more free Gbytes with customers bitcoins

CryptKeeper

legendary

Activity: 2044

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Quote from: memberx on July 13, 2017, 01:11:41 AM

Quote from: ByteFan on July 13, 2017, 01:04:35 AM

Quote from: memberx on July 13, 2017, 01:03:07 AM

Can anybody tell me how much are the transaction costs in Byteball and Blackbytes and where I can see these?

Around 500 bytes per transaction.

Thx, also 500 Bytes for Blackbyte transactions? So I need GBYTE when I want to transfer Blackbytes?

Yes, you need between 500 and 1500 Bytes for a Blackbyte tx. Could be a little more if you do an exchange with a smart contract with a trading partner.

NUFCrichard

legendary

Activity: 1218

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Quote from: jjacob on July 12, 2017, 06:33:48 PM

Quote from: stevebc on July 12, 2017, 05:45:07 PM

Quote from: CuriousInvestor on July 12, 2017, 04:57:22 PM

Feel like every month, there is a pump and dump for Byteball....

It's only to be expected, it's almost like collecting monthly interest payments on your BTC. I'm sure there are plenty of airdrop recipients with no plans to hold Byteball long term. The airdrop arrives and they turn around and sell...

If it weren't for them, Byteball buyers would have a tough time buying cheap GBs. In any case, this will stop in a few months time as the airdrop ends. Looking at the pace of Bitcoin linking, I wouldn't be surprised if the airdrop lasts only for a couple of more months.

I agree with this. At the moment people aren't really incentivized to sell, they will get a 20% bonus on what they hold anyway. so if someone has 1GBYTE, and there are 4 more airdrops, they will have 2.07 GBYTE after the last airdrop, even without holidng any BTC. That means that the price will have to more than half for it to be worth their while selling now, instead of later.

After each Airdrop, the maths changes. Next time it will be a more attractive time to sell, after 2 more airdrops, it will be even better.

I predict carnage after the last drop, but as you say, that is when the true price discovery phase starts.

memberx

full member

Activity: 238

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Quote from: ByteFan on July 13, 2017, 01:04:35 AM

Quote from: memberx on July 13, 2017, 01:03:07 AM

Can anybody tell me how much are the transaction costs in Byteball and Blackbytes and where I can see these?

Around 500 bytes per transaction.

Thx, also 500 Bytes for Blackbyte transactions? So I need GBYTE when I want to transfer Blackbytes?

ByteFan

sr. member

Activity: 510

Merit: 260

Quote from: memberx on July 13, 2017, 01:03:07 AM

Can anybody tell me how much are the transaction costs in Byteball and Blackbytes and where I can see these?

Around 500 bytes per transaction.

memberx

full member

Activity: 238

Merit: 100

Can anybody tell me how much are the transaction costs in Byteball and Blackbytes and where I can see these?

sinner

hero member

Activity: 615

Merit: 500

received blackbytes at my dust address Grin

i linked my main BTC addresses to a byteball address generated offline, so i dunno if i'll receive blackbytes for those BTC. Should i restore that wallet on an online computer, send the bytes to another offline address, and leave that wallet online to receive the blackbytes?

How to learn more about blackbytes? Can you do blackbyte cold storage?

ubercool

hero member

Activity: 1078

Merit: 504

Quote from: MrChicken1987 on July 12, 2017, 09:13:07 AM

Quote from: ubercool on July 12, 2017, 09:03:21 AM

What we needed to get BlackByteballs..?
I have got Byteballs but havent got BBB yet. Huh

Patience

I haven't received mine either. But since tonych did everything flawlessly until now, I am very confident to receive them in the next hours or days.
Just give it a little time, the Blackbytes (not BlackByteballs) are distributed from highest amounts to lowest (as far as I have read).
So little guys (or with many different addresses) like us have to wait a little longer.

Everything will be fine. ByteBall and tonych delivered every inch of their promises.

I never doubted on Tonych. Was thinking have I done something wrong in registering my addresses.
I got them late night. No issues.
Thank you for everything Byteball.

o0o0

legendary

Activity: 1596

Merit: 1021

Quote from: iram3130 on July 12, 2017, 10:28:15 PM

Quote from: o0o0 on July 12, 2017, 07:28:01 PM

Quote from: pockets1989 on July 12, 2017, 06:58:14 PM

I know its too early to speculate but do you guys think once all bytes are distributed and dust clears there will be a massive sell off and then the true byteball price discovery begins? Any chance of bitcoin parity one day or am I dreaming too much? Grin

i suspect so. there is a max of 4 rounds if the linked btc stays at 1 million btc and all balances stay linked. people will bs you with moon and doom and gloom predictions but ignore them all.

greed runs people and free money on airdrops fuels this. its a good method and whilst imthankful for it, the true value happens based on market when all coins are distributed.

so basically 4 months for hopefully more services, bots etc to drive coin value before airdrops are over. after free coins end its these services and bots that will drive continued use

Holding a crypto currency for a long time will always be successful if that scenario happens. I think ByteBall has a future because the team behind it and the real community who are supporting ByteBall are very dedicated. 4 more months I guess.

team and tech never matters its adoption that drives.
the wars with blueray and hd many would argue hd better but blueray was ultimately adopted.

holding long term matters not if adoption use and services dont win out.

i like byteball its great tech, tony is talented.

the true price will be discovered when the free rain per month stops.

id almost wonder what would happen if the air drops paused for a long time.... how would price go then? atm people are speculating on their 20% a month and gambling on buying more to sell more

lijoe408

sr. member

Activity: 434

Merit: 251

I wonder if airdrops occurred at random times, would it have made the value go up more.

iram3130

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ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

Quote from: o0o0 on July 12, 2017, 07:28:01 PM

Quote from: pockets1989 on July 12, 2017, 06:58:14 PM

I know its too early to speculate but do you guys think once all bytes are distributed and dust clears there will be a massive sell off and then the true byteball price discovery begins? Any chance of bitcoin parity one day or am I dreaming too much? Grin

i suspect so. there is a max of 4 rounds if the linked btc stays at 1 million btc and all balances stay linked. people will bs you with moon and doom and gloom predictions but ignore them all.

greed runs people and free money on airdrops fuels this. its a good method and whilst imthankful for it, the true value happens based on market when all coins are distributed.

so basically 4 months for hopefully more services, bots etc to drive coin value before airdrops are over. after free coins end its these services and bots that will drive continued use

Holding a crypto currency for a long time will always be successful if that scenario happens. I think ByteBall has a future because the team behind it and the real community who are supporting ByteBall are very dedicated. 4 more months I guess.

dashingriddler

legendary

Activity: 1258

Merit: 1001

Quote from: Michail1 on July 12, 2017, 05:53:34 PM

Quote from: CuriousInvestor on July 12, 2017, 04:57:22 PM

Feel like every month, there is a pump and dump for Byteball....

Exactly because people just get it because it's free and they dump those free coins to get money.

But isn't this the entire reason for the creation of what alt coins were intended for in the first place?

This is how the stock market works.
People sell their assets to gain something they can actually use in the present.

Capital gains is what makes the world go round.

It also makes the Byteball go round n round.
All the live long day! Grin

o0o0

legendary

Activity: 1596

Merit: 1021

Quote from: pockets1989 on July 12, 2017, 06:58:14 PM

I know its too early to speculate but do you guys think once all bytes are distributed and dust clears there will be a massive sell off and then the true byteball price discovery begins? Any chance of bitcoin parity one day or am I dreaming too much? Grin

i suspect so. there is a max of 4 rounds if the linked btc stays at 1 million btc and all balances stay linked. people will bs you with moon and doom and gloom predictions but ignore them all.

greed runs people and free money on airdrops fuels this. its a good method and whilst imthankful for it, the true value happens based on market when all coins are distributed.

so basically 4 months for hopefully more services, bots etc to drive coin value before airdrops are over. after free coins end its these services and bots that will drive continued use

pockets1989

newbie

Activity: 48

Merit: 0

I know its too early to speculate but do you guys think once all bytes are distributed and dust clears there will be a massive sell off and then the true byteball price discovery begins? Any chance of bitcoin parity one day or am I dreaming too much? Grin

jjacob

legendary

Activity: 1554

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★Nitrogensports.eu★

Quote from: sprinkles on July 12, 2017, 06:42:01 PM

Pretty heavy dump after this last airdrop.
Probably a lot to do with it coinciding with the general alt carnage of the last couple of days.
Will surely recover in time for the next one.

The last airdrop was pretty large, compared to the previous ones. So it is expected that the dump will be large too. The dump pretty much finished before the alt carnage started.
Byteball has actually not been that affected by the general decline in alt prices.

sprinkles

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Merit: 250

Pretty heavy dump after this last airdrop.
Probably a lot to do with it coinciding with the general alt carnage of the last couple of days.
Will surely recover in time for the next one.

jjacob

legendary

Activity: 1554

Merit: 1026

★Nitrogensports.eu★

Quote from: stevebc on July 12, 2017, 05:45:07 PM

Quote from: CuriousInvestor on July 12, 2017, 04:57:22 PM

Feel like every month, there is a pump and dump for Byteball....

It's only to be expected, it's almost like collecting monthly interest payments on your BTC. I'm sure there are plenty of airdrop recipients with no plans to hold Byteball long term. The airdrop arrives and they turn around and sell...

If it weren't for them, Byteball buyers would have a tough time buying cheap GBs. In any case, this will stop in a few months time as the airdrop ends. Looking at the pace of Bitcoin linking, I wouldn't be surprised if the airdrop lasts only for a couple of more months.

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