Obyte: Totally new consensus algorithm + private untraceable payments - page 614.

devrobot

newbie

Activity: 48

Merit: 0

Quote from: Gatekeeper on July 03, 2017, 01:20:17 PM

sorry if it's been asked before but it's a long thread.

If you sell your GB to the chat bot for BTC how does it work? I ask because if 500k btc have been linked for the next air drop how would the bot handle a ton of sell requests, do you get a set price? If the bot is linked to an exchange there could be crazy slippage with so many new GB coming on the market. If 5k btc is sold to the bot then where do those BTC come from?

I ask because I want to sell to the bot rather than send them to an exchange but I wonder how it's all setup to handle such volume from the air drop and where the btc come from. 500k btc linked would be about 11k btc worth of GB.

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.

Gatekeeper

sr. member

Activity: 358

Merit: 250

sorry if it's been asked before but it's a long thread.

If you sell your GB to the chat bot for BTC how does it work? I ask because if 500k btc have been linked for the next air drop how would the bot handle a ton of sell requests, do you get a set price? If the bot is linked to an exchange there could be crazy slippage with so many new GB coming on the market. If 5k btc is sold to the bot then where do those BTC come from?

I ask because I want to sell to the bot rather than send them to an exchange but I wonder how it's all setup to handle such volume from the air drop and where the btc come from. 500k btc linked would be about 11k btc worth of GB.

davidoski

sr. member

Activity: 297

Merit: 250

When the distribution is over the only way to get GB is to buy.... Can't wait to see how that will affect the price.

landslide

sr. member

Activity: 616

Merit: 251

Quote from: ssvenss on July 03, 2017, 11:00:22 AM

The price of this coin is growing and growing, it seems to me that it is a bitcoin replacement

Maybe ethereum replacement

ssvenss

full member

Activity: 381

Merit: 101

The price of this coin is growing and growing, it seems to me that it is a bitcoin replacement

kola-schaar

sr. member

Activity: 336

Merit: 260

Quote from: Notyoursbuisness on July 03, 2017, 08:16:24 AM

still 0.
well...looks like something went wrong in transaction from old wallet and old version to new wallet and new version.

I do not quite understand your approach, but you can not run parallel instances of the same wallet (same key).
Suggestion (to get the thing clean):
If you have no blackbytes and only one device is available, send the bytes to a exchange. Clean your system, install a new light wallet, transfer the bytes back

Michail1

legendary

Activity: 1499

Merit: 1164

Quote from: Notyoursbuisness on July 03, 2017, 04:14:55 AM

is this thing even working ?

old version doesn't "catch" browser link. Sad

new current version doesn't understand "appdata" from old version. and tries to fully re-sync light wallet with network Sad

(maybe i done something wrong with appdata backup)
anyway....

-restored appdata backup for old version
-used new version inside virtual machine ... created new light wallet there
-send money from old (restored version and restored wallet) to new version that have new wallet (transaction got confirmed in like 12 minutes).... but wait....
-new version still have "0" bytes. around 20 minutes passed still 0 for some reason.
i'm 100% sure that i used correct address in old version to send bytes to new one.

... still 0

Yes, it works.
But, we can't help/check if you don't give us the address(es).

Did you check on the explorer if the GB is still in the old address or if it moved to the new address?
Tell us the address and we can check for ya.

s1lverbox

legendary

Activity: 2324

Merit: 1039

UPDATE :

517467.28398916 btc linked which will bring approx. : 32,341 gb

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

So

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.

clovis A.

legendary

Activity: 1206

Merit: 1000

Diggin the new time/date based syncing introduced in the v1.9.1 wallet release. Constant progress from byte team.....noicely done, gents!!

Howlin for the next full moon too Wink

AncientMystery

member

Activity: 165

Merit: 10

“The Future of Security Tokens”

Quote from: kola-schaar on July 03, 2017, 03:26:42 AM

That's a good one! Byteball = moon

Notyoursbuisness

full member

Activity: 214

Merit: 100

still 0.
well...looks like something went wrong in transaction from old wallet and old version to new wallet and new version.

onetwo12

full member

Activity: 266

Merit: 100

Quote from: Randomshot on July 02, 2017, 01:53:11 AM

Quote from: s1lverbox on July 01, 2017, 05:07:19 PM

So if my calculation are right we have :

504928.00786310 btc linked which will bring approx. : 31,558 gb

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

So

31,558+51,098= 82,656 new gb added to the one in circulation which in total will bring to 338,148 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.

great news on this!

looking forward the airdrop soon!

The BTC > GB ratio should be decreased in the august airdrop, imo. Too high price, too many BTC linked.

Notyoursbuisness

full member

Activity: 214

Merit: 100

is this thing even working ?

old version doesn't "catch" browser link. Sad

new current version doesn't understand "appdata" from old version. and tries to fully re-sync light wallet with network Sad

(maybe i done something wrong with appdata backup)
anyway....

-restored appdata backup for old version
-used new version inside virtual machine ... created new light wallet there
-send money from old (restored version and restored wallet) to new version that have new wallet (transaction got confirmed in like 12 minutes).... but wait....
-new version still have "0" bytes. around 20 minutes passed still 0 for some reason.
i'm 100% sure that i used correct address in old version to send bytes to new one.

... still 0

kola-schaar

sr. member

Activity: 336

Merit: 260

ByteFan

sr. member

Activity: 510

Merit: 260

Quote from: jfieschi on July 02, 2017, 10:22:20 PM

Quote from: bones261 on July 02, 2017, 10:14:37 PM

Quote from: jfieschi on July 02, 2017, 10:07:29 PM

How I can Sync my Wallet faster ?

Is there a benefit to running a full node rather than the lite client? Just linked my BTC today and downloaded the lite client, so no need for me to sync.

How I can change my wallet from full node to lite client ? Were I can learn more about benefits and differences from full node and lite client?

Thanks.

Lite client is OK for average use. U can not convert from full to light. Move all your bytes from a full to a separated lite client.

ByteFan

sr. member

Activity: 510

Merit: 260

Quote from: Liquid71 on July 03, 2017, 01:31:20 AM

is this decentralzied or using a database called DAG?

DAG is for Directed Acyclic Graph. Check the withepaper.

Liquid71

hero member

Activity: 835

Merit: 1000

There is NO Freedom without Privacy

is this decentralzied or using a database called DAG?

Michail1

legendary

Activity: 1499

Merit: 1164

Quote from: IntelligentIdiot on July 03, 2017, 01:14:15 AM

Quote from: Wexlike on July 02, 2017, 07:02:49 PM

Byteball's distribution model could be a great topic for a game theory study.

yes this is very interesting. i regret not knowing about byteball in the very early stages. the distribution is like that old coin CLAM where you get coins based on your BTC, DOGE and LTC wallet holdings. i am saving up some btc for the next distribution. does anyone know the exact time the next snapshot will be taken? thanks and good luck to all participants!

Actually, no.
Byteball distribution is way better in that it is based on your holdings and clam was simply a distribution of a set amount for no matter how many coins you had in an address as long as it had more than 0.00000001 So, you could have had effectively nothing in each wallet and scored a large amount of clams.
July 9, 2017 at 04:07 UTC.

IntelligentIdiot

sr. member

Activity: 486

Merit: 250

Quote from: Wexlike on July 02, 2017, 07:02:49 PM

Byteball's distribution model could be a great topic for a game theory study.

yes this is very interesting. i regret not knowing about byteball in the very early stages. the distribution is like that old coin CLAM where you get coins based on your BTC, DOGE and LTC wallet holdings. i am saving up some btc for the next distribution. does anyone know the exact time the next snapshot will be taken? thanks and good luck to all participants!

jfieschi

full member

Activity: 131

Merit: 100

Quote from: bones261 on July 02, 2017, 10:14:37 PM

Quote from: jfieschi on July 02, 2017, 10:07:29 PM

How I can Sync my Wallet faster ?

Is there a benefit to running a full node rather than the lite client? Just linked my BTC today and downloaded the lite client, so no need for me to sync.

How I can change my wallet from full node to lite client ? Were I can learn more about benefits and differences from full node and lite client?

Thanks.

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 614. (Read 1234316 times)