Obyte: Totally new consensus algorithm + private untraceable payments - page 847.

Yefet

hero member

Activity: 643

Merit: 501

Crypto Mentat

Quote from: escapefrom3dom on March 06, 2017, 02:45:40 PM

my proposal to @tonych:

2. increase the frequency of the disrtibution rounds (1 round per 2 weeks).

...

such scheme prevents a disbenefit for the holders caused by upgrowth of the total amount of bytes in circulation.

I think the monthly distributions is the right choice to "prevent ... upgrowth of the total amount of bytes in circulation"

escapefrom3dom

sr. member

Activity: 1932

Merit: 288

Quote from: magpr on March 06, 2017, 01:29:07 PM

Quote from: crypt0hash on March 06, 2017, 03:53:21 AM

Quote from: xland86 on March 06, 2017, 03:39:59 AM

Every round need linking address to reciveing byteball?

yes if you move your bitcoins somewhere
no if your bitcoins are at the linked address

Excellent spread coins scheme, clearly take part in Byteball. I care about one thing, it turns out that the owners of a large amount of Bitcoins will have a much larger number of Byteball than owners a few btc's. The rich are getting richer, the truth of life. But this does not negate the innovative approach of the Byteball developers!

my proposal to @tonych:

1. remove btc linking in the next disrtibution rounds and make payments proportional to the current holders balances – this will stimulate buying bytes.

2. increase the frequency of the disrtibution rounds (1 round per 2 weeks).

3. rule for the final round for a remainder of bytes – just proportional (to the holders balances) distribution.

for example: everyone bytes holder gets 10 % bytes and 20 % black bytes for all his amount.

such scheme prevents a disbenefit for the holders caused by upgrowth of the total amount of bytes in circulation.

bspus

legendary

Activity: 2165

Merit: 1002

Can I use my full backup from 1.4 with version 1.5?
Is it OK to wait until after the distribution? I just started out and I'm a little nervous updating in case something is screwed up with the linked addresses

I'm using light wallet btw

kola-schaar

sr. member

Activity: 336

Merit: 260

zoga

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Activity: 95

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My Friend...

https://twitter.com/YNRvZO27CF7ciKb
follow and twitter
publick 84% BTC

ParmaBTC

legendary

Activity: 1218

Merit: 1002

Quote from: tonych on March 06, 2017, 01:24:26 PM

Quote from: ParmaBTC on March 06, 2017, 12:40:24 PM

Tested Bind payment

sent 0.4 GBB for 1000 byte received.

there is something strange in Peer chat, it says "Payment 4349 bytes" but the payment condition was 1000 bytes.
Indeed payment request message was "payment request : 1000 bytes to XYA............FFR" , peer received 1000 bytes request and 1000 bytes were sent

another strange thing happen in bytes receiver wallet: 0.484 GB have been moved in a new address, wallet balance has not been affected.

0.4 GBB are in a blackbytes smart wallet now.

What i want to ask is:
- why chat messages are not the same
- sending another Binf payment will generate another subwallet?
- TX fees are doubled with this new feature, am i correct?
- Blackbytes balance of receiver wallet is splitted in GBB in main wallet + GBB "Also" in smart wallet, why not total amount ?

How did you test? Could it be that you had the same device on both sides of the trade?

[/quote]

Main Device (PC) has 2 wallets , default wallet and Multisig (1/2) wallet -created later-

1 Pc sending GBB + 1 Android mobile receinving GBB multisig wallet (1/2)

repeated test (5 GB for 1000 bytes), this time chat message says "payment 2364 bytes" , again 0.48 GB moved in a new address

Quote

- sending another Binf payment will generate another subwallet?

Yes you have a subwallet for every unfinished trade .

understood

Quote

- TX fees are doubled with this new feature, am i correct?

There are 3 transactions in total, if that's what you are asking about.

agree about 3 transaction, why the third is not automatic?

Quote

- Blackbytes balance of receiver wallet is splitted in GBB in main wallet + GBB "Also" in smart wallet, why not total amount ?

Because spending of smart wallet is constrained by the smart contract conditions. You might be not able yet or already not able to spend from it.
If you can spend from it, you move its balance to your main wallet, this is the 3rd and final transaction.

what happen if the third transaction is undone?

magpr

legendary

Activity: 1190

Merit: 1006

Quote from: crypt0hash on March 06, 2017, 03:53:21 AM

Quote from: xland86 on March 06, 2017, 03:39:59 AM

Every round need linking address to reciveing byteball?

yes if you move your bitcoins somewhere
no if your bitcoins are at the linked address

Excellent spread coins scheme, clearly take part in Byteball. I care about one thing, it turns out that the owners of a large amount of Bitcoins will have a much larger number of Byteball than owners a few btc's. The rich are getting richer, the truth of life. But this does not negate the innovative approach of the Byteball developers!

tonych

legendary

Activity: 965

Merit: 1033

Quote from: ParmaBTC on March 06, 2017, 12:40:24 PM

Tested Bind payment

sent 0.4 GBB for 1000 byte received.

there is something strange in Peer chat, it says "Payment 4349 bytes" but the payment condition was 1000 bytes.
Indeed payment request message was "payment request : 1000 bytes to XYA............FFR" , peer received 1000 bytes request and 1000 bytes were sent

another strange thing happen in bytes receiver wallet: 0.484 GB have been moved in a new address, wallet balance has not been affected.

0.4 GBB are in a blackbytes smart wallet now.

What i want to ask is:
- why chat messages are not the same
- sending another Binf payment will generate another subwallet?
- TX fees are doubled with this new feature, am i correct?
- Blackbytes balance of receiver wallet is splitted in GBB in main wallet + GBB "Also" in smart wallet, why not total amount ?

How did you test? Could it be that you had the same device on both sides of the trade?

Quote

- sending another Binf payment will generate another subwallet?

Yes you have a subwallet for every unfinished trade .

Quote

- TX fees are doubled with this new feature, am i correct?

There are 3 transactions in total, if that's what you are asking about.

Quote

- Blackbytes balance of receiver wallet is splitted in GBB in main wallet + GBB "Also" in smart wallet, why not total amount ?

Because spending of smart wallet is constrained by the smart contract conditions. You might be not able yet or already not able to spend from it.
If you can spend from it, you move its balance to your main wallet, this is the 3rd and final transaction.

ParmaBTC

legendary

Activity: 1218

Merit: 1002

Tested Bind payment

sent 0.4 GBB for 1000 byte received.

there is something strange in Peer chat, it says "Payment 4349 bytes" but the payment condition was 1000 bytes.
Indeed payment request message was "payment request : 1000 bytes to XYA............FFR" , peer received 1000 bytes request and 1000 bytes were sent

another strange thing happen in bytes receiver wallet: 0.484 GB have been moved in a new address, wallet balance has not been affected.

0.4 GBB are in a blackbytes smart wallet now.

What i want to ask is:
- why chat messages are not the same
- sending another Binf payment will generate another subwallet?
- TX fees are doubled with this new feature, am i correct?
- Blackbytes balance of receiver wallet is splitted in GBB in main wallet + GBB "Also" in smart wallet, why not total amount ?

songsunling

member

Activity: 112

Merit: 11

Quote from: tonych on March 05, 2017, 07:56:00 PM

Version 1.5 released https://github.com/byteball/byteball/releases

It's the biggest update since the launch. It enables conditional payments, which allow you to P2P exchange bytes vs blackbytes since today. Much more in the next releases.

Read my Medium article about making P2P great again https://medium.com/byteball/making-p2p-great-again-fe9e20546a4a#.i6kj1ug99

Note that to bind your payment to a condition you must be connected in chat with the payee and click his address or accept a payment request.

Other updates in this release:
* Fixed frequent disconnects that might affect sync speed
* Small performance optimizations
* Multiple small bugs fixed

Please upgrade. The wallet might start a bit longer than usual the first time after the upgrade, this is because it needs to upgrade the database, be patient.

Be prepared for bugs since it is a big update (I guess you are already used to expecting this when you are into something new).

A big update! Very good!
I will let more people to know about Byteball.

crypt0hash

newbie

Activity: 57

Merit: 0

Quote from: Andri.Ghani on March 06, 2017, 04:47:40 AM

Quote from: crypt0hash on March 06, 2017, 03:53:21 AM

Quote from: xland86 on March 06, 2017, 03:39:59 AM

Every round need linking address to reciveing byteball?

yes if you move your bitcoins somewhere
no if your bitcoins are at the linked address

You do not need to re-talk has been described previously and I think they're quite understand.. So, think positive in using or doing something.

dude I have written as no one has answered. The other was just faster. You should also make something useful, just do it better and not judge if you dont understand.

Andri.Ghani

sr. member

Activity: 518

Merit: 250

Quote from: crypt0hash on March 06, 2017, 03:53:21 AM

Quote from: xland86 on March 06, 2017, 03:39:59 AM

Every round need linking address to reciveing byteball?

yes if you move your bitcoins somewhere
no if your bitcoins are at the linked address

You do not need to re-talk has been described previously and I think they're quite understand.. So, think positive in using or doing something.

crypt0hash

newbie

Activity: 57

Merit: 0

Quote from: xland86 on March 06, 2017, 03:39:59 AM

Every round need linking address to reciveing byteball?

yes if you move your bitcoins somewhere
no if your bitcoins are at the linked address

no1dead

sr. member

Activity: 301

Merit: 250

Quote from: xland86 on March 06, 2017, 03:39:59 AM

Every round need linking address to reciveing byteball?

Positive, in order to get your free byteball, you need to link your bitcoin address to receive byteball. If not the distribution scheme like this, the distribution will be unfair and useless. Every time people need to link them so it is fair for new participants.

connexus

hero member

Activity: 774

Merit: 503

Quote from: xland86 on March 06, 2017, 03:39:59 AM

Every round need linking address to reciveing byteball?

No need if you previously linked your btc addresses, but make sure those have balances.

xland86

sr. member

Activity: 298

Merit: 250

Every round need linking address to reciveing byteball?

Spratan

hero member

Activity: 689

Merit: 507

Quote from: escapefrom3dom on March 05, 2017, 05:47:13 PM

Quote from: Spratan on March 05, 2017, 05:12:41 PM

Quote from: nillohit on March 04, 2017, 11:49:24 AM

Quote from: Spratan on March 04, 2017, 11:43:17 AM

Quote from: CryptKeeper on March 04, 2017, 05:52:58 AM

Quote from: BTCspace on March 04, 2017, 05:12:50 AM

i am still holding my byteball..

how many byteball will be free giveaways this time?
thank you

The distribution rules are the same as in the second round:

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 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

And blackbytes to blackbytes also ?

No. You'll get free bytes on based of your linked BTC balance & linked byteball address

So there is no incentive at all for blackbytes owners !
Having blackbytes will make you miss every future rounds of distribution.

rtfm.

blackbytes are private, so there is no public way to provide such distribution.

?
I am not saying it is a flaw
I was saying that having blackbytes make people miss 15 rounds of distribution (so no incentive to hold, unlike Byteballs)

no1dead

sr. member

Activity: 301

Merit: 250

Quote from: tonych on March 05, 2017, 07:56:00 PM

Version 1.5 released https://github.com/byteball/byteball/releases

It's the biggest update since the launch. It enables conditional payments, which allow you to P2P exchange bytes vs blackbytes since today. Much more in the next releases.

Read my Medium article about making P2P great again https://medium.com/byteball/making-p2p-great-again-fe9e20546a4a#.i6kj1ug99

Note that to bind your payment to a condition you must be connected in chat with the payee and click his address or accept a payment request.

Other updates in this release:
* Fixed frequent disconnects that might affect sync speed
* Small performance optimizations
* Multiple small bugs fixed

Please upgrade. The wallet might start a bit longer than usual the first time after the upgrade, this is because it needs to upgrade the database, be patient.

Be prepared for bugs since it is a big update (I guess you are already used to expecting this when you are into something new).

Thanks for your update, there will be a distribution phase very soon for third round. I missed the first and second rounds. I have chance to join the third round, I am exciting to be one part of your revolutionary project. Newest algorithm and innovative idea is very cool. It will help bitcoin to be better.

connexus

hero member

Activity: 774

Merit: 503

Quote from: boomboom on March 06, 2017, 01:36:18 AM

How often is data on http://transition.byteball.org/ updated?

As far as I know it is automatically being updated whenever there's newly linked btc on the transition page.

boomboom

hero member

Activity: 1068

Merit: 523

How often is data on http://transition.byteball.org/ updated?

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