Obyte: Totally new consensus algorithm + private untraceable payments - page 8.

tarmo888

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There are still many distributions going on:

Quote from: tarmo888 on April 15, 2021, 10:04:25 AM

Reminder, these are current distributions that are going on:

* weekly 100 GBYTE + 100 GBYTE for trading GBYTE
https://blog.obyte.org/obyte-trading-rewards-c7abf1086518

* weekly $3000 for promoting DeFi
https://blog.obyte.org/introducing-referral-program-for-bonded-stablecoins-b5455f189c1c

* weekly 100 GBYTE for providing liquidity in DeFi
https://blog.obyte.org/liquidity-mining-8cce2bf3722e

* daily fees compensation (max 10 GBYTE) for buying DeFi coins with other crypto
https://blog.obyte.org/distribution-to-buyers-of-bonded-stablecoins-4854b4570a03

* daily small reward for donating CPU power to research (now possible to do COVID-19 research with GPUs too)
https://blog.obyte.org/computing-for-good-again-3795336bdaed
https://blog.obyte.org/obyte-and-world-community-grid-join-the-fight-against-sars-cov-2-2917a43ab402
https://www.worldcommunitygrid.org/about_us/viewNewsArticle.do?articleId=693

more info: https://obyte.org/distribution

tarmo888

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Quote from: adaseb on April 19, 2021, 12:11:30 AM

Been a while since I last used Byteball. Does anyone know if the wallet which was released back in 2017 still works? Or do I need to upgrade to a newer wallet. I have all the old wallet backups saved.

Great to hear that this coin is still alive and going places. Great developement. I still remember getting the airdrops every full moon.

No, the old Byteball wallet doesn't work, you need Obyte wallet app. Latest is v3.3.1

adaseb

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Been a while since I last used Byteball. Does anyone know if the wallet which was released back in 2017 still works? Or do I need to upgrade to a newer wallet. I have all the old wallet backups saved.

Great to hear that this coin is still alive and going places. Great developement. I still remember getting the airdrops every full moon.

tarmo888

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Quote from: ?? on ??

Why does Obyte use such strange term as "bounded" when describing their stablecoins? For me all their stablecoins fall into well established class of algorithmic stablecoins the price of which is automatically controlled by algorithms. They use the bivariate function in their algo to control the price but the essence of their stablecoins doesn’t change - they are just algorithmic ones. IMO, this "bounded" in conjunction with stablecoin looks like "window-dressing" .

Algorithmic stablecoins are usually not backed by anything, Bonded stablecoins have reserve asset that backs them and is used to buy them. Mostly that reserve asset is GBYTE, but there can be any any token, even one of the stablecoins like OUSD or OUSDV2.

The name Bonded comes from bonding curve. There aren't many stablecoins with bonding curves and there isn't any with bonding surface (multi-dimensional bonding curve).
https://coinmarketcap.com/alexandria/glossary/bonding-curve

tonych

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Meet Bonded Stablecoins v2: better price stability, better liquidity, more favorable conditions for traders, and stakable stable tokens!

V2 provides natural incentives for traders/arbitrageurs to keep the price near the peg, plus there is an algorithmically managed stability fund which intervenes when necessary.

Buying shares in the stability fund is betting on the growth of stablecoin issuance.

More details in the blog: https://blog.obyte.org/bonded-stablecoins-version-2-better-price-stability-and-stakable-tokens-ca8c900552ab

USD and BTC pegged tokens:
IUSDV2: USD + 16% interest https://ostable.org/trade/VLKI3XMMX5YULOBA6ZXBXDPI6TXF6V3D/buy-redeem
IBITV2: BTC + 11% interest https://ostable.org/trade/KSBNS2R5HUBN5AHYJLZVCADEQAHOLRCD/buy-redeem

tarmo888

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Quote from: romeshomey on April 15, 2021, 11:24:24 AM

Quote from: tarmo888 on April 15, 2021, 10:46:59 AM

If the asset ID is mX/3+2P2hssneRo9HsSjhZYrHL/kD+at+vnymNcBRKA= then it's probably just spam asset, you can hide assets when you click on the Gear icon.

Ok, looks like thats what that is.

I had a lot of blackbytes on the previous wallet when it was on another PC. I can't seem to get those to show anymore. Bummer.

Did you restore from seed words? Blackbytes are not on public chain and can be restored only from backup file. Seed words only restore public data, Bytes and other assets.

tarmo888

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Quote from: romeshomey on April 15, 2021, 11:37:52 AM

So I installed the new Obyte wallet. It creates a New Obyte wallet on my system, however when opening it, it seems to be opening the same ole Gbyte wallet however it has the new Obyte -- Smart Payments at the top of the wallet. However the shortcuts I had for the old Gbyte wallet are connected to the new Obyte wallet. For example when I open the Obyte wallet the pinned Gybte wallet on my taskbar is executed.

Seems even though the 2 wallets are named and installed as different programs they still share the same paths when executing the new Obyte wallet installation.

Am I supposed to uninstall the Gbyte wallet after installing and upgrading the DB with the Obyte wallet?

lol

The new app installs into different path than the old one, so you might have 2 apps installed, but the data is loaded from original place with both apps. That's why the version mismatch when opening already upgraded database with old app. You should uninstall the old app and only keep the new app.

romeshomey

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So I installed the new Obyte wallet. It creates a New Obyte wallet on my system, however when opening it, it seems to be opening the same ole Gbyte wallet however it has the new Obyte -- Smart Payments at the top of the wallet. However the shortcuts I had for the old Gbyte wallet are connected to the new Obyte wallet. For example when I open the Obyte wallet the pinned Gybte wallet on my taskbar is executed.

Seems even though the 2 wallets are named and installed as different programs they still share the same paths when executing the new Obyte wallet installation.

Am I supposed to uninstall the Gbyte wallet after installing and upgrading the DB with the Obyte wallet?

lol

romeshomey

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Quote from: tarmo888 on April 15, 2021, 10:46:59 AM

If the asset ID is mX/3+2P2hssneRo9HsSjhZYrHL/kD+at+vnymNcBRKA= then it's probably just spam asset, you can hide assets when you click on the Gear icon.

Ok, looks like thats what that is.

I had a lot of blackbytes on the previous wallet when it was on another PC. I can't seem to get those to show anymore. Bummer.

romeshomey

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Quote from: tarmo888 on April 15, 2021, 10:46:59 AM

Assuming you have light node, maybe you have not update the witnesses and it can't find the history properly? Or did you restore a old copy of full node and it hasn't synced to the part where the transaction became confirmed.

If the asset ID is mX/3+2P2hssneRo9HsSjhZYrHL/kD+at+vnymNcBRKA= then it's probably just spam asset, you can hide assets when you click on the Gear icon.

Not light node, full node.

Quote from: tarmo888 on April 15, 2021, 10:46:59 AM

Have you installed Obyte wallet v3.3.1? Maybe you used it once and now still trying to open old Byteball wallet, which no longer works. I am guessing you have 2 wallets installed, use the Obyte one.

Yes, however when executing the v3.3.1 Obyte wallet, it still utilizes the same shortcuts that the previous Gbyte wallet used. It even shares the same pinned task bar shortcut so I'm assuming its actually the same wallet with a new name typed on it.

tarmo888

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Quote from: romeshomey on April 15, 2021, 10:18:54 AM

I haven't opened my wallet for 3 years. I thought I sold my GB back then but upon looking at the wallet, it shows my transaction of sending the GB as unconfirmed.

How can I recover the sent but unconfirmed GB? Shows sent in 2018 but unconfirmed.

Also, this wallet had been restored and my blackbytes balance is showing 0, but I have this other address in the wallet I have no idea what the tokens are, like billions of them. There is no token description however. Any idea what those would be?

Assuming you have light node, maybe you have not update the witnesses and it can't find the history properly? Or did you restore a old copy of full node and it hasn't synced to the part where the transaction became confirmed.

If the asset ID is mX/3+2P2hssneRo9HsSjhZYrHL/kD+at+vnymNcBRKA= then it's probably just spam asset, you can hide assets when you click on the Gear icon.

Quote from: romeshomey on April 15, 2021, 10:33:37 AM

Everytime I start my wallet I get a prompt about using a old client with an new database. I have upgraded the wallet and allowed it to upgrade the database, however I still get this prompt everytime I try to open the wallet and when I click 'ok' on the prompt the wallet closes.

Have you installed Obyte wallet v3.3.1? Maybe you used it once and now still trying to open old Byteball wallet, which no longer works. I am guessing you have 2 wallets installed, use the Obyte one.

romeshomey

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Activity: 658

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Everytime I start my wallet I get a prompt about using a old client with an new database. I have upgraded the wallet and allowed it to upgrade the database, however I still get this prompt everytime I try to open the wallet and when I click 'ok' on the prompt the wallet closes.

Edit: Looks like this was due to restoring a 32 bit backup to a 64 bit machine.

romeshomey

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Activity: 658

Merit: 500

I haven't opened my wallet for 3 years. I thought I sold my GB back then but upon looking at the wallet, it shows my transaction of sending the GB as unconfirmed.

How can I recover the sent but unconfirmed GB? Shows sent in 2018 but unconfirmed.

Also, this wallet had been restored and my blackbytes balance is showing 0, but I have this other address in the wallet I have no idea what the tokens are, like billions of them. There is no token description however. Any idea what those would be?

Edit: Seems my wallet is just not synced, therefor the transaction is confirmed on the blockchain (confirmed on explorer) but not my wallet. Disregard.

tarmo888

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Activity: 563

Merit: 103

Reminder, these are current distributions that are going on:

* weekly 100 GBYTE + 100 GBYTE for trading GBYTE
https://blog.obyte.org/obyte-trading-rewards-c7abf1086518

* weekly $3000 for promoting DeFi
https://blog.obyte.org/introducing-referral-program-for-bonded-stablecoins-b5455f189c1c

* weekly 100 GBYTE for providing liquidity in DeFi
https://blog.obyte.org/liquidity-mining-8cce2bf3722e

* daily fees compensation (max 10 GBYTE) for buying DeFi coins with other crypto
https://blog.obyte.org/distribution-to-buyers-of-bonded-stablecoins-4854b4570a03

* daily small reward for donating CPU power to research (now possible to do COVID-19 research with GPUs too)
https://blog.obyte.org/computing-for-good-again-3795336bdaed
https://blog.obyte.org/obyte-and-world-community-grid-join-the-fight-against-sars-cov-2-2917a43ab402
https://www.worldcommunitygrid.org/about_us/viewNewsArticle.do?articleId=693

more info: https://obyte.org/distribution

Fallenkeith75

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Hi Crypto Friends :)

Checking back on this project after a really long time. It's nice to see it still in active development

tarmo888

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Quote from: hopenotlate on April 14, 2021, 02:23:02 PM

May anyone explain how to sell my blackbytes for GB ( or something else)? I added the blackbytes exchange from the bot store but am doing something wrong : I click on buy orders that show up but nothing happens. Anyone using it and have a clue?

Is it the same exchange as the one with screenshots there? https://blackbytes.io/
Are you using the latest v3.3.1 wallet app?

hopenotlate

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May anyone explain how to sell my blackbytes for GB ( or something else)? I added the blackbytes exchange from the bot store but am doing something wrong : I click on buy orders that show up but nothing happens. Anyone using it and have a clue?

tarmo888

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Quote from: ?? on ??

Quote from: tarmo888 on April 13, 2021, 11:36:24 AM

Only liquidity providers who provide liquidity with GBYTE might have some loses if they don't rebalance the pools, other non-GBYTE liquidity providers are not affected.

Nope, all liquidity providers lose their money because they need to swap to Gbyte at the very end. None of the existing stablecoins can be directly traded for BTC, Gbyte is the only option. Price is getting crazy, my blockfolio app shows $136.77 right now. Gbyte, I'm saying seriously, stop immediately and go back to $20.

I don't think it works like this, if you are holding a stablecoin, then you are not losing value, you still have the value of that specific stablecoin.
Only thing that stablecoin holders lost was the opportunity to get more BTC or USD by selling GBYTE at higher price.
If you bought IBIT when it was launched at 10 000 USD and sell it now for 60 000 USD worth of GBYTE, you still made 6x.
Same with ITH, when it was launched, it cost 575 USD worth of GBYTE, now it is worth 2300 USD worth of GBYTE, so you made 4x gain.

ScamViruS

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Quote from: ?? on ??

Why so huge surge in price, almost 70% up? I tried to find the news that would in potential to trigger the current rise but failed to find any. There is a rumor that Obyte has to target kucoin, is that true? Anyway I don't think the price increase of Gbyte could make liquidity providers happy right now. They are losing money in their pools. Gbyte, go back to $20.

Pumping a coin by making rumors, this is common in the crypto market. Most of the pumps and dumps in the crypto market are based on rumors. I also tried a lot to see if there were any new updates, but nothing was found. If rumors spread on the kucoin list, if this coin is pumped, it will not pump for a long time. Because with short term hype no coin can hold up trend for long. And if the rumors come true, it could be a positive thing.

tarmo888

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Quote from: icopress on April 13, 2021, 11:43:22 AM

Today, when I saw the price, my feelings were rather mixed, (in the sense that I could not decide whether to be happy or sad because I bought less Obyte than I would like). It is also quite possible that a group of people professionally engaged in speculating on altcoins looked through the list of all the coins that have not yet reached their peak and made a bet on Obyte.

And they doesn't seem to be using trading rewards because net buys are quite low this weeks, all the rewards for longs are distributed among those who have signed up there and hodling their new buys https://trade.obyte.org/payouts

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 8. (Read 1233970 times)