Obyte: Totally new consensus algorithm + private untraceable payments - page 643.

Michail1

legendary

Activity: 1499

Merit: 1164

Quote from: CorePrime95 on June 12, 2017, 12:26:30 PM

Quote from: Arvydas77 on June 12, 2017, 09:45:47 AM

Current price of GBYTE is a joke comparing to potential it has. Yes, it can drop below but I will hold my gb.

I suspect that big holders of Byteball are keeping quiet because they want to have more distributions to have a higher share. The big holders are also BTC whales, I expect them to launch a hype after the distribution has finished that will put Byteball next to Bitcoin and Ethereum (rightfully so).

Quote from: pockets1989 on June 12, 2017, 03:32:03 PM

Don't worry about it SatoNatomato I've seen you guys go back and forth for months lol. Just an IOTA shill spreading FUD about Byteball thats all hes doing.

I think my eyes have finally been trained to ignore. Something about a bet, twinkies, medium rare, eggs over easy. Basically, the entire argument has been lost in translation along the way and my eyes glazed over. I call them both winners and let's move on.

Quote from: ?? on ??

So I backed up my wallet on an older PC, then installed on a new PC and restored the wallet there. Deleted on the older PC. I didn't receive any Byteballs this round, even though my BTC were previously linked on the older PC. Is this normal?

No.

What's the BTC or Byteball account you had linked so we can check it?

dreamhouse

hero member

Activity: 1073

Merit: 666

Quote from: tonych on June 12, 2017, 05:10:41 PM

Quote from: tonych on June 09, 2017, 07:31:10 PM

Distribution of bytes was finished several hours ago.

Total distributed: 66,208.049453060 GB.
New circulating supply: 255,491.918951297 GB (already updated on coinmarketcap).

The distributed amount is worth $47m at the current price.

Distribution of blackbytes is still under way, I'll post when it is finished.

Distribution of blackbytes is now finished too.

127,513.125794221 GBB distributed
12,258.687406134 GBB added to the community fund https://docs.google.com/spreadsheets/d/1foYdri-vadnq8Kbr51QVhBlXiswHtiDpaShVaWO060s

The next distribution is scheduled for the full moon of July: July 9, 2017 at 04:07 UTC, the rules stay the same:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.2 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.42222 blackbytes

Putting this another way, to receive 1 GB from the distribution, you need to already hold 16 BTC or 5 GB. These same holdings also give you 2.1111 GBB (giga-blackbyte).

Great job tony! With this equivalent 16 BTC should equal to 5 GB in terms of the distribution to get the same amount of GB, so 1GB = 16/5 = 3.2 BTC is our target? Not impossible, given that there's only 1 million GB around... If the Byteball is becoming a platform (which it could really be, given the many advantages it has), it will be big.

CorePrime95

full member

Activity: 190

Merit: 101

Quote from: 2econd on June 12, 2017, 06:15:00 PM

Maybe it's a logistics call, how to bring a coin into this world without it ending up in that very same treasure chest. But be as it may, I think it is rather important to acknowledge the relativity of this 'fair distribution'.

The problem is how to distribute it more fairly. If you say everyone gets the same amount e.g. 1GBYTE, then people will cheat and register themselves multiple times. Then the guys who are best at cheating will get the biggest amount.
If you say everyone gets GBYTES for BTC up to e.g. 100 BTC to exclude whales, then whales will cheat by distributing their coins to many addresses. Then the whales who are best at cheating will get the biggest amount.
With the current version it is atleast "fair" in a sense that cheaters are not rewarded.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: ecoin_org on June 12, 2017, 08:00:38 PM

Because people that do not "own shit" never seem to be able to hold onto "shit", they just dump to pay rent to those that "own shit". Wink

hey, that's starting to sound like a real currency.

ecoin_org

newbie

Activity: 41

Merit: 0

Quote from: 2econd on June 12, 2017, 06:15:00 PM

So a little late to the party, but then again I'm a philanthropic ideological hippie commie rat so, hell might just be me. This is what I care for when it comes to cryptocurrency, to see something go beyond plain greed and abuse of power.

So yea, read the white paper here, finally, read a bunch of posts but eh...
Fair distribution?
A huge amount of bitcoin is held by a few moguls, it's not even close to fairly distributed, and will see quite a few more powerplays by those strong hands, both in BTC and other poisoned crypto wells.

What I am saying is, how is giving more shit to people who already own shit to be seen as a fair distribution?

Maybe it's a logistics call, how to bring a coin into this world without it ending up in that very same treasure chest. But be as it may, I think it is rather important to acknowledge the relativity of this 'fair distribution'.

Other than this, great coin and I wish it well (in the beggars hands)

Because people that do not "own shit" never seem to be able to hold onto "shit", they just dump to pay rent to those that "own shit". Wink

pwpwpw

hero member

Activity: 908

Merit: 503

just reporting, the transition bot right now is off and only duplicates messages.

holden.commodore

full member

Activity: 287

Merit: 101

Quote from: 2econd on June 12, 2017, 06:15:00 PM

So a little late to the party, but then again I'm a philanthropic ideological hippie commie rat so, hell might just be me. This is what I care for when it comes to cryptocurrency, to see something go beyond plain greed and abuse of power.

So yea, read the white paper here, finally, read a bunch of posts but eh...
Fair distribution?
A huge amount of bitcoin is held by a few moguls, it's not even close to fairly distributed, and will see quite a few more powerplays by those strong hands, both in BTC and other poisoned crypto wells.

What I am saying is, how is giving more shit to people who already own shit to be seen as a fair distribution?

Maybe it's a logistics call, how to bring a coin into this world without it ending up in that very same treasure chest. But be as it may, I think it is rather important to acknowledge the relativity of this 'fair distribution'.

Other than this, great coin and I wish it well (in the beggars hands)

This helps the price to go up. If we had the same amount distributed to a guy who holds only 1byte and another one who holds 1gbyte, why would people purchase byteball? by doing this the devs are making the demand bigger every full moon.

2econd

full member

Activity: 243

Merit: 100

So a little late to the party, but then again I'm a philanthropic ideological hippie commie rat so, hell might just be me. This is what I care for when it comes to cryptocurrency, to see something go beyond plain greed and abuse of power.

So yea, read the white paper here, finally, read a bunch of posts but eh...
Fair distribution?
A huge amount of bitcoin is held by a few moguls, it's not even close to fairly distributed, and will see quite a few more powerplays by those strong hands, both in BTC and other poisoned crypto wells.

What I am saying is, how is giving more shit to people who already own shit to be seen as a fair distribution?

Maybe it's a logistics call, how to bring a coin into this world without it ending up in that very same treasure chest. But be as it may, I think it is rather important to acknowledge the relativity of this 'fair distribution'.

Other than this, great coin and I wish it well (in the beggars hands)

sheld0n

sr. member

Activity: 322

Merit: 250

Are you considering to marry IOTA off to Byteball? Grin

Maybe not a bad idea to combine the strengths of both projects.

Quote from: Come-from-Beyond on June 12, 2017, 04:08:48 PM

Quote from: SatoNatomato on June 12, 2017, 03:22:20 PM

Keep bumping this topic, is good for Byteball, despite your deranged ramblings.

I will, don't worry. Does Byteball have a slack? I'd like to be invited there to coordinate my mainnet test in realtime. Could you send me an invite to [email protected], please?

CryptKeeper

legendary

Activity: 2044

Merit: 1055

Quote from: Come-from-Beyond on June 12, 2017, 04:08:48 PM

Quote from: SatoNatomato on June 12, 2017, 03:22:20 PM

Keep bumping this topic, is good for Byteball, despite your deranged ramblings.

I will, don't worry. Does Byteball have a slack? I'd like to be invited there to coordinate my mainnet test in realtime. Could you send me an invite to [email protected], please?

You're invited.

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

Quote from: raoulsergia on June 12, 2017, 03:52:12 PM

Any estimate for blackbytes launch in markets?

It would be good to have a market for the black bytes at some point. That would create a reference point for users. For now, the trading bots will have to do.

tonych

legendary

Activity: 965

Merit: 1033

Quote from: tonych on June 09, 2017, 07:31:10 PM

Distribution of bytes was finished several hours ago.

Total distributed: 66,208.049453060 GB.
New circulating supply: 255,491.918951297 GB (already updated on coinmarketcap).

The distributed amount is worth $47m at the current price.

Distribution of blackbytes is still under way, I'll post when it is finished.

Distribution of blackbytes is now finished too.

127,513.125794221 GBB distributed
12,258.687406134 GBB added to the community fund https://docs.google.com/spreadsheets/d/1foYdri-vadnq8Kbr51QVhBlXiswHtiDpaShVaWO060s

The next distribution is scheduled for the full moon of July: July 9, 2017 at 04:07 UTC, the rules stay the same:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.2 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.42222 blackbytes

Putting this another way, to receive 1 GB from the distribution, you need to already hold 16 BTC or 5 GB. These same holdings also give you 2.1111 GBB (giga-blackbyte).

Optimiza

member

Activity: 70

Merit: 10

Quote from: ?? on ??

So I backed up my wallet on an older PC, then installed on a new PC and restored the wallet there. Deleted on the older PC. I didn't receive any Byteballs this round, even though my BTC were previously linked on the older PC. Is this normal?

I would say if the wallet address in the new PC is the same as the old PC then you should have received the distribution. Check the byteball explorer and examine your address. Perhaps your linked address was from a previous distribution and you did not re-link for this round?. Or perhaps you need to client to finish syncing. Good luck.

SatoNatomato

sr. member

Activity: 378

Merit: 250

Quote from: Come-from-Beyond on June 12, 2017, 04:08:48 PM

...please hold my hand mommy...

Pay up. Send 8GB to the community fund of Byteball. Dishonorable looser.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: SatoNatomato on June 12, 2017, 03:22:20 PM

Keep bumping this topic, is good for Byteball, despite your deranged ramblings.

I will, don't worry. Does Byteball have a slack? I'd like to be invited there to coordinate my mainnet test in realtime. Could you send me an invite to [email protected], please?

raoulsergia

full member

Activity: 322

Merit: 101

TOo much FUD here

Relax it was a freebie competion also here sometime back

Any estimate for blackbytes launch in markets?

pockets1989

newbie

Activity: 48

Merit: 0

Quote from: SatoNatomato on June 12, 2017, 03:22:20 PM

Quote from: Come-from-Beyond on June 12, 2017, 02:50:20 PM

Quote from: SatoNatomato on June 12, 2017, 01:47:00 PM

Pay up. Send 8GB to the community fund of Byteball. Dishonorable looser.

Pay up for what? Lost bet? Firstly, you refused to accept the bet. Secondly, a quote from the whitepaper can't be treated as a proof, because it's the validity of the whitepaper which was questioned. So, while you keep lying, the others see the real state of things.

Keep bumping this topic, is good for Byteball, despite your deranged ramblings.

The others? Nobody actually reads your correspondence with me, only you and your imaginary friends.

Don't worry about it SatoNatomato I've seen you guys go back and forth for months lol. Just an IOTA shill spreading FUD about Byteball thats all hes doing.

SatoNatomato

sr. member

Activity: 378

Merit: 250

Quote from: Come-from-Beyond on June 12, 2017, 02:50:20 PM

Quote from: SatoNatomato on June 12, 2017, 01:47:00 PM

Pay up. Send 8GB to the community fund of Byteball. Dishonorable looser.

Pay up for what? Lost bet? Firstly, you refused to accept the bet. Secondly, a quote from the whitepaper can't be treated as a proof, because it's the validity of the whitepaper which was questioned. So, while you keep lying, the others see the real state of things.

Keep bumping this topic, is good for Byteball, despite your deranged ramblings.

The others? Nobody actually reads your correspondence with me, only you and your imaginary friends.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: SatoNatomato on June 12, 2017, 01:47:00 PM

Pay up. Send 8GB to the community fund of Byteball. Dishonorable looser.

Pay up for what? Lost bet? Firstly, you refused to accept the bet. Secondly, a quote from the whitepaper can't be treated as a proof, because it's the validity of the whitepaper which was questioned. So, while you keep lying, the others see the real state of things.

kola-schaar

sr. member

Activity: 336

Merit: 260

I have two special technical problem.
(1)
I'm running a multi device wallet (2 of 3 light wallet).
One of my co-signer wallet (Fire Tab Android fire OS 5.3) suddenly does not start (after starting, the wallet shows only a white screen).
(It worked perfect since a half year. I haven't made any changes. No OS Update..)
I'd uninstalled and reinstalled the wallet and tried my fresh full backup. But I always get this error message:

Does anyone have an idea what's to do according to this message?
It is unpleasant if you cannot rely on the backup.
Misfortunes never come singly.
(2)
Another thing that irritates me:
I received 3 days ago (confirmed - everything o.k.) my Blackbytes on my WIN10 wallet.
But on the still working second Android device (co-signer 2) they are still not displayed.
Yesterday I was sending a small amount to a new wallet - this worked perfect.
But when I try to send the whole amount (including the new received GBB) only the "Send in progress" message is displayed.
I canceled the transfer after some waiting..

The thing reminds me of yvv's problems:
https://bitcointalksearch.org/topic/m.19023335
However, there is no synchronization indicator..
Maybe I should contact tony?

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 643. (Read 1234317 times)