Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 884. (Read 1234271 times)

Total balance linked: 102774.30223170 BTC * Transition rate: 0.0625 gigabyte/BTC=6423GB  will be distributed.
last round byteball 100000GB, equal to 160000BTC, 160000BTC*0.0625GB/BTC=10000GB will be distributed

so this round about 16000GB will be distributed, that's like 1.6% will be distributed in the second round. about 116000GB after second distribution

in the third round, the total byteball will be 116000 GB in circulation, and will get another 116000GB + bitcoin's new GB (maybe another 8000GB)

so 20000GB in Byte in 3rd distribution, so totally will be 132000GB after the third round distribution

the inflation rate maybe 2%-9% per 15 days in different round...

so my estimation is it will take 10 times-20 times to distribute all the left byteball, that means it will take about less one year to distribute all byteball.

The second round is now complete, bytes and blackbytes distributed.

Here are the exact numbers:

17,610.194028342 GB distributed (1.76% of total supply, +17.6% to the previous available supply).
New available supply: 117,610.194028342 GB.

86,658.346197160 GB were on linked addresses at snapshot time and eligible for receiving blackbytes.
37,176.880613233 new GBB (gigablackbytes) in circulation, out of which:
34,360.309831321 GBB distributed,
2,816.570781912 GBB go into the development fund.

Thank you everyone who participated, special thanks to those who supported our new community members and made their experience as smooth as possible, thank you the Transition Bot.

The next round is scheduled for the full moon of March (12 March 14:54 UTC), the conditions are exactly the same as in the 2nd round.

Meanwhile, we continue developing the Byteball ecosystem to bring the power of crypto to regular users.

Do you have the TOR browser open and connected? It's required to be open to use byteball with tor.

I alway have "Error connecting TOR" message when trying to switch TOR on on linux. What can be the problem?

Version 1.3 released https://github.com/byteball/byteball/releases.
It includes TOR support in desktop wallets:
.....

Also fixes the recently discovered bug that caused full wallets to crash with error "empty array in query params".

Other new features:
* Ability to re-send blackbytes in case they were not delivered
* If unit is set to GB, MB, GBB, etc, amounts are now shown with decimals

warning medium ot 

I am writing this because this distribution is so incredibly interesting, but probably not everyone is aware of it (Besides, it is a treasure chest for sociologists, economists and marketing experts).
The second round is a good time for a retrospective and a look into the future.

Some history for the newcomer:
When tony started the distribution, he planned a distribution in 4 rounds (see above - a Big Bang with four steps).
1.   Round 10% -> 0,10 * 1E15 Bytes = 1E14 Bytes / 1E9 = 100000 GBytes
2.   Round 20%
3.   Round 30%
4.   Round 39% (1% reserved for future development)
Tony participates like everyone else with his BTC.

Tony's goal was / is a distribution with great spread.  He hoped (last year) that at the optimum 10% of BTC's capitalization would be linked ( 10% => 1600000 BTC = 1,6 billions Dollar)

The interest was however rather modest (70000 BTC -> 0,4 % of BTC's capitalization) . Genesis making by a Big Bang does not seem easy- people are so lazy .
As we can see here ( http://transition.byteball.org/firstround.html ), we were only a very small number of believers - ICOs., some Big, and a lot of small fishes 

According to this result, there was the risk that some early adopters (big fishes) and the ICOs. would suck up all the bytes (like a black hole sucks all the matter by gravitation).
The first distribution scheme still provided a 1: 1 distribution of byte -> bytes. What would have further accelerated the process. Similar to matter, money unfortunately has the property of agglomerate very quickly (The byte to byte ratio controls the gravity in the distribution cosmos).

The newly created Byteball universe would have become dark, boring and desolate. Only inhabited by 3 black holes (the ICOs), two handful of suns/planets, moons, and some planetoids + dust . (However, there are enough coin universes of this kind ).

Tony pulled the emergency brake:
There was a new (newbie friendly) distribution scheme. It slows the distribution radically to remain attractive to new users. It’s also a more altcoin holder friendly scheme ( gravity  set to 0.1 new bytes for every 1 byte you own at the moment of the snapshot-> people have more time to participate).
(new rules: https://bitcointalk.org/index.php?topic=1608859.3580 )

Now it becomes very interesting:
Due to the binding to BTC, the distribution of BTC with the BB distribution is repeated in a timelapse:

Before and right after the first round, Google Trends reported only inquiries from the US and Germany (and no-one else). Now (before the second round) Korea is the leader (since about 7 days), and the Netherlands +UK has joined. We are once around the world  (search google trends “Byteball” time: 7 days).
If you look at this video https://youtu.be/XFFvSYdKN78 you can estimate how the distribution (hopeful) continues.

Conclusion
The first thought was to carry out the distribution like a big bang in 4 steps. That did not quite work. Now, Byteball runs as a symbiont over the host BTC.
Will it work this way? I think yes, because anyone who does not connect his BTC must be totally stupid.  There is a classical win-win situation. Zero risk and one keeps the BTC only 24 hours a month (full moon) at an address.
Earlier or later, the insight should greatly gain ground at a lot btc owners and organizations.
This will be a very interesting year..

In Balls We Trust!!!

Meanwhile, we continue developing the Byteball ecosystem to bring the power of crypto to regular users.

It's probable that value will go down until distribution is over, then we will see what is the true value of byteballs. I will just hold my bytes and blackbytes for a while and see what happens.

Exchanges not needed as you can advertise on here or slack and trade blackbytes within the wallet as far as I know.

Is there a market somewhere for BlackBytes or not yet?

Is there a market somewhere for BlackBytes or not yet?