Obyte: Totally new consensus algorithm + private untraceable payments - page 743.

Viper1

sr. member

Activity: 686

Merit: 320

Quote from: Come-from-Beyond on May 08, 2017, 04:44:52 AM

Was there any progress in this area:

Quote from: Viper1 on May 08, 2017, 03:30:27 AM

Byteball is centralized in 12 servers so it's extremely hard to take it seriously as more than an interesting experiment to see how it's version of DAG works out.

Do the devs still control the majority of the witnesses? Is it really 12 servers or it's 12 processes running on a single machine or maybe it's even 1 process on 1 machine that uses 12 identities?

I REALLY don't like that you took 1 line out of my statement from some other discussion and used it over here. I mean really. I wrote some stuff about IOTA in that other thread as well. I know you're in some sort of war with these guys but don't pull me into your spat with them.

kaicrypzen

hero member

Activity: 1344

Merit: 656

Quote from: gtzanap on May 08, 2017, 05:24:36 AM

Quote from: kaicrypzen on May 08, 2017, 04:49:57 AM

Quote from: mr001 on May 08, 2017, 03:30:52 AM

- thre is no pw for the wallet?

What is pw?

He probably means password

Ah, in that case, one can easily set a password. Go to global preferences and then activate request password and you'll be prompted to set a password.

kola-schaar

sr. member

Activity: 336

Merit: 260

Quote from: mr001 on May 08, 2017, 03:21:08 AM

Quote from: CryptKeeper on May 07, 2017, 12:41:02 PM

Don't miss the next Byteball airdrop on Wednesday!

... and what schould we do for that?

please read OP:
https://bitcointalksearch.org/topic/obyte-totally-new-consensus-algorithm-private-untraceable-payments-1608859

gtzanap

sr. member

Activity: 409

Merit: 250

Quote from: kaicrypzen on May 08, 2017, 04:49:57 AM

Quote from: mr001 on May 08, 2017, 03:30:52 AM

- thre is no pw for the wallet?

What is pw?

He probably means password

kaicrypzen

hero member

Activity: 1344

Merit: 656

Quote from: mr001 on May 08, 2017, 03:30:52 AM

can anybody tell me more informations abaut the byteball lite wallet.
- is there any data file, to save it?

https://github.com/byteball/byteball#byteball-backups-and-recovery

You can also use the full backup or backup seed options from the global preferences. Mind that the seed can recover only bytes (not blackbytes).

(it's the same as a full node)

Quote from: mr001 on May 08, 2017, 03:30:52 AM

- thre is no pw for the wallet?

What is pw?

Quote from: mr001 on May 08, 2017, 03:30:52 AM

- how can i safe my coins?

If you mean back them up then you have your answer, otherwise can you be more specific please?

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Was there any progress in this area:

Quote from: Viper1 on May 08, 2017, 03:30:27 AM

Byteball is centralized in 12 servers so it's extremely hard to take it seriously as more than an interesting experiment to see how it's version of DAG works out.

Do the devs still control the majority of the witnesses? Is it really 12 servers or it's 12 processes running on a single machine or maybe it's even 1 process on 1 machine that uses 12 identities?

BTCspace

hero member

Activity: 952

Merit: 501

Total balance linked: 158686.71770631 BTC

BTCspace

hero member

Activity: 952

Merit: 501

37 Byteball Byteball $42,206,120 $263.33 160,276 GBYTE * $101,678 5.00%

mr001

full member

Activity: 260

Merit: 100

https://i.imgur.com/anpUpg7.jpg

can anybody tell me more informations abaut the byteball lite wallet.
- is there any data file, to save it?
- thre is no pw for the wallet?
- how can i safe my coins?

Spratan

hero member

Activity: 689

Merit: 507

Quote from: mishax1 on May 08, 2017, 12:08:42 AM

Must short GBYTE before the distribution and buy back 24h later Grin

You would miss blackbytes distribution.

mr001

full member

Activity: 260

Merit: 100

https://i.imgur.com/anpUpg7.jpg

Quote from: CryptKeeper on May 07, 2017, 12:41:02 PM

Don't miss the next Byteball airdrop on Wednesday!
... and what schould we do for that?

o0o0

legendary

Activity: 1596

Merit: 1021

Quote from: Colba17 on May 08, 2017, 02:15:09 AM

Quote from: tonych on September 05, 2016, 11:00:28 AM

The 6th and subsequent rounds (yet to be announced) will follow similar rules, but the relative weight of bytes vs. BTC (i.e. which amount of bytes gives the same share in the new distribution as 1 BTC) in the 6th and further rounds will change and will gradually increase to 1 BTC=62.5 MB. It will be selected to maximize the value of bytes and keep the speed of distribution in sync with the growth of user base and the actual use of the network.

Can someone interpret this for me? Does this mean bytes will earn more or less than 10% going forward. The way it is worded is slightly confusing to me.

at the moment

1btc proven balance gives you 62.5mb
1gb gives 0.1gb

so 1btc gives 62.5mb or 0.0625 gigabytes
or 1gigabyte gives 100mb or 0.1 gigabytes

so holding gigabytes gives more advantage if you want more byteball.

approx comparison
1btc will give 62.5mb or 0.0625 gigabytes
that same 1btc used to buy byteball now is 6 almost 7 gigabyte.

that 7gigabyte would give 700mb or 0.7gigabyte

that help?

Colba17

newbie

Activity: 19

Merit: 1

Quote from: tonych on September 05, 2016, 11:00:28 AM

The 6th and subsequent rounds (yet to be announced) will follow similar rules, but the relative weight of bytes vs. BTC (i.e. which amount of bytes gives the same share in the new distribution as 1 BTC) in the 6th and further rounds will change and will gradually increase to 1 BTC=62.5 MB. It will be selected to maximize the value of bytes and keep the speed of distribution in sync with the growth of user base and the actual use of the network.

Can someone interpret this for me? Does this mean bytes will earn more or less than 10% going forward. The way it is worded is slightly confusing to me.

dfox101

hero member

Activity: 551

Merit: 500

waiting for the next distribution... wonderful coin project!

kola-schaar

sr. member

Activity: 336

Merit: 260

kola-schaar

sr. member

Activity: 336

Merit: 260

Quote from: tixi54 on May 07, 2017, 03:53:33 PM

Would I still receive extra coins if I do not link BTC wallet's address, but have some byteballs in my byteball wallet?

Little addition -to keep you (every Newbie) from anger and disappointment

1.To get new bytes, it is sufficient to hold bytes at an arbitrary BB address - nothing to do

2.To get also blackbytes, it is necessary that this BB-address is linked.

Linked means the address is known to the bot.
The bot knows an address, when the BB-address is linked to one or more Bitcoin address(es).
Whether the Bitcoin address is empty or contains a value does not matter.

Note "purchased bytes":
If someone buys bytes and never linked a BTC address, he will receive only new bytes!
It is not possible in this case to distribute blackbytes (private currency). According to point 2 you have to link the BB address to receive also Blackbytes.

Note "Address change"
Maybe you are an active trader, at each transaction the Bytes will jump around between the BB-addresses (same as in a BTC-wallet).

In this case, before the snapshot, you have to make sure that the BTCs (to receive Bytes) and the bytes
(to receive also Blackbytes) are consolidated on an arbitrary linked addresses.
Therefore, there is always the hint to chat with the bot just before the snapshot (to check the balance).

mishax1

legendary

Activity: 2898

Merit: 1017

Must short GBYTE before the distribution and buy back 24h later Grin

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: tixi54 on May 07, 2017, 03:53:33 PM

Would I still receive extra coins if I do not link BTC wallet's address, but have some byteballs in my byteball wallet?

yes. you get 0.1 gb for every gb you already have.

tixi54

newbie

Activity: 21

Merit: 0

Would I still receive extra coins if I do not link BTC wallet's address, but have some byteballs in my byteball wallet?

kola-schaar

sr. member

Activity: 336

Merit: 260

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 743. (Read 1234285 times)