Author

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 613. (Read 1234316 times)

legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Sorry for being paranoid.Please answer
Signatures are part of Bitcoin. Short answer: it's safe.
If you think it can be cracked, this address holds 53,880.0574758 BTC ($140 million) and has signed this message.
full member
Activity: 294
Merit: 100
I am new to byteball and want to get involved in free distribution phase.i hope i am not too late.I want to know why byteball is providing free coins?what's their motive?what if they somehow tricks users to sign a address which later results in somehow a signed transaction?That can happen right? I will explain my question better with a situation.
Suppose a user has 1 BTC and he signs the byteball address using his bitcoin address to prove the ownership of that address now what if the byteball address he signed is somehow an unsigned bitcoin transaction which gets signed too and so byteball team can withdraw the bitcoins?That's a possibility?
Sorry for being paranoid.Please answer
hero member
Activity: 1638
Merit: 507
The snake which cannot cast its skin has to die
Given that Byteball's bots are so cool and the exchange bot is great but it doesn't have much liquidity, why not enhacing it though a collaboration with the upcoming system of liquidity provided by Bancor? Sooner or later I guess all cryptos will adopt Bancor's brand new system to create a reseve which makes the asset liquid agains other currencies, so why not to be one of the first ones? This could help to spread the news about Byteball and increase adoption rate.

Bancor is the biggest bullshit in crypto history: http://hackingdistributed.com/2017/06/19/bancor-is-flawed/
There is nothing more stupid than a liquidity contract whose the algorithm is public.

wow...

you lost in this forum... this is byteball thread lol

and lmao apparently you have no understanding of open-source code

also that article was rebutted and quashed
full member
Activity: 346
Merit: 107
Given that Byteball's bots are so cool and the exchange bot is great but it doesn't have much liquidity, why not enhacing it though a collaboration with the upcoming system of liquidity provided by Bancor? Sooner or later I guess all cryptos will adopt Bancor's brand new system to create a reseve which makes the asset liquid agains other currencies, so why not to be one of the first ones? This could help to spread the news about Byteball and increase adoption rate.

Bancor is the biggest bullshit in crypto history: http://hackingdistributed.com/2017/06/19/bancor-is-flawed/
There is nothing more stupid than a liquidity contract whose the algorithm is public.
sr. member
Activity: 1015
Merit: 289
Given that Byteball's bots are so cool and the exchange bot is great but it doesn't have much liquidity, why not enhacing it though a collaboration with the upcoming system of liquidity provided by Bancor? Sooner or later I guess all cryptos will adopt Bancor's brand new system to create a reseve which makes the asset liquid agains other currencies, so why not to be one of the first ones? This could help to spread the news about Byteball and increase adoption rate.
sr. member
Activity: 336
Merit: 260
sr. member
Activity: 1015
Merit: 289
hero member
Activity: 1358
Merit: 635
Can anyone tell me how to link bittrex wallet?

cant find it

there is no way to link Bittrex (as well as any other Exchange)  wallet as you do not possess the private key for your address
full member
Activity: 224
Merit: 100
Can anyone tell me how to link bittrex wallet?

cant find it
sr. member
Activity: 616
Merit: 251
looking forward to the coming distribution!
legendary
Activity: 2324
Merit: 1039
32,341+51,098= 83,439 new gb added to the one in circulation which in total will bring to 338,931 gb in circulation.
Yes that's 1/3 of all gbytes.
Yes i think in this rate we will have at least 3 more airdrops[/size].[/center]


32,341+51,098= 84,544 new gb added to the one in circulation which in total will bring to 340,036 gb in circulation.
Yes that's 1/3 of all gbytes.
Yes i think in this rate we will have at least 4 more airdrops[/size].[/center]

Why is the estimate of number of airdrops increasing? As more and more btc get linked, more gbytes should be distributed in this round.
If anything, the number of estimated airdrops should decrease...

My mistake.

But if we will see 100k added each round most likely we will see at least 3-4 more airdrops.

legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
32,341+51,098= 83,439 new gb added to the one in circulation which in total will bring to 338,931 gb in circulation.
Yes that's 1/3 of all gbytes.
Yes i think in this rate we will have at least 3 more airdrops[/size].[/center]


32,341+51,098= 84,544 new gb added to the one in circulation which in total will bring to 340,036 gb in circulation.
Yes that's 1/3 of all gbytes.
Yes i think in this rate we will have at least 4 more airdrops[/size].[/center]

Why is the estimate of number of airdrops increasing? As more and more btc get linked, more gbytes should be distributed in this round.
If anything, the number of estimated airdrops should decrease...
legendary
Activity: 2324
Merit: 1039

UPDATE :

535144.02557894 btc linked  which will bring approx. : 33,446 gb

and we have 255,492gb in circulation which will bring : 51,098 gb more after airdrop

So


32,341+51,098= 84,544 new gb added to the one in circulation which in total will bring to 340,036 gb in circulation.

Yes that's 1/3 of all gbytes.

Yes i think in this rate we will have at least 4 more airdrops
.
sr. member
Activity: 336
Merit: 260

BTC is not sold to anyone, it's only linked.
If you can prove you own a certain BTC address, then the coins in that address can be linked.
that's all, the BTC stay where they are, nobody takes them. The owners keep their BTC and also get free GByte.

You can buy GByte for BTC in exchanges though, and get more GBytes than by just linking your BTC, but obviously you would not keep your BTC that way.

you completely misunderstood my point but thanks anyway. You can buy and sell GB through the chatbot. It's actually a fantastic idea, it completely cuts out the need for exchanges. The chat bot has a built in order book. I've looked into it more but there's very little liquidity so,for now, exchanges still need to be used but it'd be fantastic to see people grow the chatbot order book rather than trade on exchanges.

It's actually an amazing idea, if all coins had their own built in order book you could create a sort of decentralized all seeing eye bot that could connect with all the individual coin bots and create a way to trade any coin at any time without ever needing an exchange.

Byteball should really push the built in order book, maybe offer a small incentive or something to stop people using exchanges.
Yes, byteball has much more to offer than an original distribution  Wink
There is a little description about the P2P trading bot
in the wiki (https://byteroll.com -> trading)
I do not know if you have already read this:
https://medium.com/byteball/making-p2p-great-again-episode-ii-bitcoin-exchange-d98adfbde2a5
sr. member
Activity: 358
Merit: 250

BTC is not sold to anyone, it's only linked.
If you can prove you own a certain BTC address, then the coins in that address can be linked.
that's all, the BTC stay where they are, nobody takes them. The owners keep their BTC and also get free GByte.

You can buy GByte for BTC in exchanges though, and get more GBytes than by just linking your BTC, but obviously you would not keep your BTC that way.

you completely misunderstood my point but thanks anyway. You can buy and sell GB through the chatbot. It's actually a fantastic idea, it completely cuts out the need for exchanges. The chat bot has a built in order book. I've looked into it more but there's very little liquidity so,for now, exchanges still need to be used but it'd be fantastic to see people grow the chatbot order book rather than trade on exchanges.

It's actually an amazing idea, if all coins had their own built in order book you could create a sort of decentralized all seeing eye bot that could connect with all the individual coin bots and create a way to trade any coin at any time without ever needing an exchange.

Byteball should really push the built in order book, maybe offer a small incentive or something to stop people using exchanges.
sr. member
Activity: 336
Merit: 260
newbie
Activity: 48
Merit: 0
can you link more than one btc address? my electrum wallet has balances split between a few addresses.


yes ,as many as you like

or you can consolidate all your balances to 1 address if you wish

Remember that currently bitcoin fees can be much lower than what they were a month ago.
Fee calculation is not correct in many places, since they are still outdated.
sr. member
Activity: 355
Merit: 250
can you link more than one btc address? my electrum wallet has balances split between a few addresses.

Yes, you can link as much addresses as you want. You can link all BTC addresses to just one Byteball address or you can create several Byteball addresses and link every BTC address. It depends how you want to do this.

legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
can you link more than one btc address? my electrum wallet has balances split between a few addresses.


yes ,as many as you like

or you can consolidate all your balances to 1 address if you wish
member
Activity: 85
Merit: 10
can you link more than one btc address? my electrum wallet has balances split between a few addresses.
Jump to: