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Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 942. (Read 1234271 times)

yvv
legendary
Activity: 1344
Merit: 1000
.


I'm happy with a long distribution but if it was an automated process via smart contract or otherwise so no skullduggery or collusion could be realised,  people may feel better.



It would be wonderfull if it was that simple to be coded into a smart contract. May be tonych will come up with some idea after few rounds, who knows.
yvv
legendary
Activity: 1344
Merit: 1000
.
BB needs some serious exchange

Let's bring liquidity to internal exchange.
legendary
Activity: 2044
Merit: 1055
What the hell is GBB or GB White or GB Black?  Huh

Byte is the native currency on the crypto platform Byteball.

The units are BYTE, KB (kilobyte), MB (megabyte) and GB (Gigabyte).

Blackbyte is an asset on Byteball for private, untraceable payments.

The units are the same as with Bytes, but they have a trailing 'B': KBB, MBB, GBB

Some people call the Bytes 'white balls', that's funny but not correct.
member
Activity: 107
Merit: 10
BB needs some serious exchange

This is true but have patience...

If Poloniex links their wallet account in any of the remaining distribution rounds it's game on!

Look at what happened with Pascal coin...10,000% increase in a few months? Just from the "Polo Effect"

Could polo take out the whole of the remaining distribution if they linked their wallet or would there be a cap for each round?
legendary
Activity: 1611
Merit: 1001
BB needs some serious exchange

This is true but have patience...

If Poloniex links their wallet account in any of the remaining distribution rounds it's game on!

Look at what happened with Pascal coin...10,000% increase in a few months? Just from the "Polo Effect"
legendary
Activity: 1526
Merit: 1000
the grandpa of cryptos
BB needs some serious exchange
member
Activity: 107
Merit: 10
...
Distribution plan is not set in stone yet. Dev still tries to find a compromise between fast and wide distribution.

This is quite a tricky problem. On the one hand, you want to spread distribution over as long a timeframe as possible to allow more people to participate.

On the other hand, the longer it is drawn out, the longer tonych is sitting on 90, 80, 70, 60, 50% of the total coin supply. It's hard to be taken seriously as a currency when one guy owns 90% of the total money supply (even if he promises to give them away for free at some vaguely specified later date). So, from this perspective I think you want to distribute coins as quickly as possible to eliminate the uncertainty associated with one person holding almost all the coins (whether he intentionally after maliciously and dumped the coins or I believe his identity is public so someone could steal or rob him off the coins).
so for now,  next step what the team BB / tonych need to do is to put all the BB in an trusted escrow ...this will  be a big win for all. tonych will be more  trusted and he can finish distribution without losing/dumping/etc. the coins and big exchanges will jump in to add BB for trade without the fear of dumping or what else tonych can do,
i would like to hear more ideas about this subject.
cheers and keep doing  a great work  TEAM BB.


There may be some intention to keep byteball away from the main exchanges so holding them at this point it time would fit in with that thinking if true.

I'm happy with a long distribution but if it was an automated process via smart contract or otherwise so no skullduggery or collusion could be realised,  people may feel better.

legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
If you linked your btc in round 1 and got your BB but have not touched your BB or BTC since have you got to do anything to receive BB in future rounds or not?

Tony said no, but I would recommend to have a chat with the transition bot to check if everything is linked correctly and that you have balance on your bitcoin address(es)!

thanks will do..
hero member
Activity: 854
Merit: 501
...
Distribution plan is not set in stone yet. Dev still tries to find a compromise between fast and wide distribution.

This is quite a tricky problem. On the one hand, you want to spread distribution over as long a timeframe as possible to allow more people to participate.

On the other hand, the longer it is drawn out, the longer tonych is sitting on 90, 80, 70, 60, 50% of the total coin supply. It's hard to be taken seriously as a currency when one guy owns 90% of the total money supply (even if he promises to give them away for free at some vaguely specified later date). So, from this perspective I think you want to distribute coins as quickly as possible to eliminate the uncertainty associated with one person holding almost all the coins (whether he intentionally after maliciously and dumped the coins or I believe his identity is public so someone could steal or rob him off the coins).
so for now,  next step what the team BB / tonych need to do is to put all the BB in an trusted escrow ...this will  be a big win for all. tonych will be more  trusted and he can finish distribution without losing/dumping/etc. the coins and big exchanges will jump in to add BB for trade without the fear of dumping or what else tonych can do,
i would like to hear more ideas about this subject.
cheers and keep doing  a great work  TEAM BB.
legendary
Activity: 2044
Merit: 1055
If you linked your btc in round 1 and got your BB but have not touched your BB or BTC since have you got to do anything to receive BB in future rounds or not?

Tony said no, but I would recommend to have a chat with the transition bot to check if everything is linked correctly and that you have balance on your bitcoin address(es)!
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
If you linked your btc in round 1 and got your BB but have not touched your BB or BTC since have you got to do anything to receive BB in future rounds or not?
legendary
Activity: 3136
Merit: 1116
...
Distribution plan is not set in stone yet. Dev still tries to find a compromise between fast and wide distribution.

This is quite a tricky problem. On the one hand, you want to spread distribution over as long a timeframe as possible to allow more people to participate.

On the other hand, the longer it is drawn out, the longer tonych is sitting on 90, 80, 70, 60, 50% of the total coin supply. It's hard to be taken seriously as a currency when one guy owns 90% of the total money supply (even if he promises to give them away for free at some vaguely specified later date). So, from this perspective I think you want to distribute coins as quickly as possible to eliminate the uncertainty associated with one person holding almost all the coins (whether he intentionally after maliciously and dumped the coins or I believe his identity is public so someone could steal or rob him off the coins).
yvv
legendary
Activity: 1344
Merit: 1000
.

..snip ..

The next distribution will be releasing something like 1.5% if the linked BTC amount is similar to what was linked in the first round. 1.5% is just an estimation, as CryptKeeper said, the percentage depends (well 1% is sure) on the linked BTC amount at the time of the blockchain snapshot.

ok that's what I thought.

At this rate of 1.5% every month, it will be several years before the whole coin is distributed.

Is that really the plan?  I was assuming that BBs would be 100% distributed less than a year, I guess Im wrong then ...

Distribution plan is not set in stone yet. Dev still tries to find a compromise between fast and wide distribution.
legendary
Activity: 1418
Merit: 1002

..snip ..

The next distribution will be releasing something like 1.5% if the linked BTC amount is similar to what was linked in the first round. 1.5% is just an estimation, as CryptKeeper said, the percentage depends (well 1% is sure) on the linked BTC amount at the time of the blockchain snapshot.

ok that's what I thought.

At this rate of 1.5% every month, it will be several years before the whole coin is distributed.

Is that really the plan?  I was assuming that BBs would be 100% distributed less than a year, I guess Im wrong then ...
legendary
Activity: 2310
Merit: 1422
Timetable of the 2nd distribution in your country

MEGA snip


Was this really necessary?  Roll Eyes
full member
Activity: 155
Merit: 100
Timetable of the 2nd distribution in your country
Code:
Afghanistan - Kabul	sam 05 h 03
Algeria - Algiers sam 01 h 33
Argentina - Buenos Aires ven 21 h 33
Australia - Australian Capital Territory - Canberra * sam 11 h 33
Australia - New South Wales - Sydney * sam 11 h 33
Australia - Northern Territory - Darwin sam 10 h 03
Australia - Queensland - Brisbane sam 10 h 33
Australia - South Australia - Adelaide * sam 11 h 03
Australia - Victoria - Melbourne * sam 11 h 33
Australia - Western Australia - Perth sam 08 h 33
Austria - Vienna - Vienna sam 01 h 33
Bahamas - Nassau ven 19 h 33
Bangladesh - Dhaka sam 06 h 33
Belarus - Minsk sam 03 h 33
Belgium - Brussels sam 01 h 33
Bolivia - La Paz ven 20 h 33
Brazil - Distrito Federal - Brasilia * ven 22 h 33
Brazil - Rio de Janeiro - Rio de Janeiro * ven 22 h 33
Brazil - São Paulo - São Paulo * ven 22 h 33
Bulgaria - Sofia sam 02 h 33
Canada - Alberta - Calgary ven 17 h 33
Canada - Alberta - Edmonton ven 17 h 33
Canada - British Columbia - Vancouver ven 16 h 33
Canada - Manitoba - Winnipeg ven 18 h 33
Canada - Newfoundland and Labrador - St. John's ven 21 h 03
Canada - Nova Scotia - Halifax ven 20 h 33
Canada - Ontario - Ottawa ven 19 h 33
Canada - Ontario - Toronto ven 19 h 33
Canada - Quebec - Montreal ven 19 h 33
Chile - Santiago * ven 21 h 33
China - Beijing Municipality - Beijing sam 08 h 33
China - Shanghai Municipality - Shanghai sam 08 h 33
Colombia - Bogota ven 19 h 33
Congo Dem. Rep. - Kinshasa sam 01 h 33
Croatia - Zagreb sam 01 h 33
Cuba - Havana ven 19 h 33
Czech Republic - Prague sam 01 h 33
Denmark - Copenhagen sam 01 h 33
Dominican Republic - Santo Domingo ven 20 h 33
Egypt - Cairo sam 02 h 33
El Salvador - San Salvador ven 18 h 33
Estonia - Tallinn sam 02 h 33
Ethiopia - Addis Ababa sam 03 h 33
Fiji - Suva sam 12 h 33
Finland - Helsinki sam 02 h 33
France - Île-de-France - Paris sam 01 h 33
Germany - Berlin - Berlin sam 01 h 33
Germany - Hesse - Frankfurt sam 01 h 33
Ghana - Accra sam 00 h 33
Greece - Athens sam 02 h 33
Guatemala - Guatemala City ven 18 h 33
Honduras - Tegucigalpa ven 18 h 33
Hong Kong - Hong Kong sam 08 h 33
Hungary - Budapest sam 01 h 33
Iceland - Reykjavik sam 00 h 33
India - Delhi - New Delhi sam 06 h 03
India - Karnataka - Bengaluru sam 06 h 03
India - Maharashtra - Mumbai sam 06 h 03
India - West Bengal - Kolkata sam 06 h 03
Indonesia - Jakarta Special Capital Region - Jakarta sam 07 h 33
Iran - Tehran sam 04 h 03
Iraq - Baghdad sam 03 h 33
Ireland - Dublin sam 00 h 33
Israel - Jerusalem sam 02 h 33
Italy - Rome sam 01 h 33
Jamaica - Kingston ven 19 h 33
Japan - Tokyo sam 09 h 33
Jordan - Amman sam 02 h 33
Kazakhstan - Almaty sam 06 h 33
Kenya - Nairobi sam 03 h 33
Kiribati - Christmas Island - Kiritimati sam 14 h 33
Kuwait - Kuwait City sam 03 h 33
Lebanon - Beirut sam 02 h 33
Madagascar - Antananarivo sam 03 h 33
Malaysia - Kuala Lumpur sam 08 h 33
Mexico - Ciudad de México - Mexico City ven 18 h 33
Morocco - Casablanca sam 00 h 33
Myanmar - Yangon sam 07 h 03
Nepal - Kathmandu sam 06 h 18
Netherlands - Amsterdam sam 01 h 33
New Zealand - Auckland * sam 13 h 33
Nicaragua - Managua ven 18 h 33
Nigeria - Lagos sam 01 h 33
Norway - Oslo sam 01 h 33
Pakistan - Islamabad sam 05 h 33
Pakistan - Sindh - Karachi sam 05 h 33
Pakistan - Lahore sam 05 h 33
Paraguay - Asuncion * ven 21 h 33
Peru - Lima - Lima ven 19 h 33
Philippines - Manila sam 08 h 33
Poland - Warsaw sam 01 h 33
Portugal - Lisbon sam 00 h 33
Puerto Rico - San Juan ven 20 h 33
Qatar - Doha sam 03 h 33
Romania - Bucharest sam 02 h 33
Russia - Anadyr sam 12 h 33
Russia - Moscow sam 03 h 33
Saudi Arabia - Riyadh sam 03 h 33
Serbia - Belgrade sam 01 h 33
Singapore - Singapore sam 08 h 33
South Africa - Cape Town sam 02 h 33
South Africa - Johannesburg sam 02 h 33
South Korea - Seoul sam 09 h 33
Spain - Barcelona - Barcelona sam 01 h 33
Spain - Madrid sam 01 h 33
Sudan - Khartoum sam 03 h 33
Sweden - Stockholm sam 01 h 33
Switzerland - Zurich - Zürich sam 01 h 33
Taiwan - Taipei sam 08 h 33
Tanzania - Dar es Salaam sam 03 h 33
Thailand - Bangkok sam 07 h 33
Turkey - Ankara sam 03 h 33
Turkey - Istanbul sam 03 h 33
Ukraine - Kyiv sam 02 h 33
United Arab Emirates - Dubai - Dubai sam 04 h 33
United Kingdom - England - London sam 00 h 33
Uruguay - Montevideo ven 21 h 33
USA - Alaska - Anchorage ven 15 h 33
USA - Arizona - Phoenix ven 17 h 33
USA - California - Los Angeles ven 16 h 33
USA - California - San Francisco ven 16 h 33
USA - Colorado - Denver ven 17 h 33
USA - District of Columbia - Washington DC ven 19 h 33
USA - Florida - Miami ven 19 h 33
USA - Georgia - Atlanta ven 19 h 33
USA - Hawaii - Honolulu ven 14 h 33
USA - Illinois - Chicago ven 18 h 33
USA - Indiana - Indianapolis ven 19 h 33
USA - Louisiana - New Orleans ven 18 h 33
USA - Massachusetts - Boston ven 19 h 33
USA - Michigan - Detroit ven 19 h 33
USA - Minnesota - Minneapolis ven 18 h 33
USA - Nevada - Las Vegas ven 16 h 33
USA - New York - New York ven 19 h 33
USA - Pennsylvania - Philadelphia ven 19 h 33
USA - Texas - Dallas ven 18 h 33
USA - Texas - Houston ven 18 h 33
USA - Utah - Salt Lake City ven 17 h 33
USA - Washington - Seattle ven 16 h 33
Uzbekistan - Tashkent sam 05 h 33
Venezuela - Caracas ven 20 h 33
Vietnam - Hanoi sam 07 h 33
Zimbabwe - Harare sam 02 h 33
sr. member
Activity: 336
Merit: 260
is there a complete distribution schedule somewhere for all the BBs?

Tony said that snapshots will be on full moon days and we know that they will normally be spaced 1 or 2 months.

Given this:

We'll have our 2nd distribution round under the Full Moon, on 11th of February at 0:33 UTC.
We will probably follow the Full Moon calendar for future rounds too.
...
(Which is a wonderful idea) Smiley

I have interpreted it so that there is now a plan for the distribution.
The next 5 rounds will (probably) take place on the following dates:
 
Distribution schedule (All New Moon times are UTC.)
2. round (linking phase in progress -> join now!)   snapshot at 11.Feb 00:33   
3. round (to be anounced)               snapshot planned at 12.März 14:54
4. round (to be anounced)               snapshot planned at 11.Apr. 06:08
5. round (to be anounced)               snapshot planned at 10.Mai 21:42
6. round (to be anounced)               snapshot planned at 09.Juni 13:10
and so on..
.. maybe to be continued if necessary
I marked it on a chinese moon calendar 2017  Grin (Distribution schedule UTC):
http://imageshack.com/a/img921/4593/EOfonq.png
full member
Activity: 154
Merit: 100
I was following the thread before the first distribution as I was too lazy. I downloaded the Lite desktop wallet yesterday and it took 5 mins to link my BTC address, it's really an easy process.

i  will  follow byteball  too
legendary
Activity: 1667
Merit: 1008
Stoned & Stranged
I was following the thread before the first distribution as I was too lazy. I downloaded the Lite desktop wallet yesterday and it took 5 mins to link my BTC address, it's really an easy process.
hero member
Activity: 1344
Merit: 656
is there a complete distribution schedule somewhere for all the BBs?

Tony said that snapshots will be on full moon days and we know that they will normally be spaced 1 or 2 months.

Really would be nice to know coin supply currently out and as it increases over time until finished. 

The current coin supply in circulation is 10% (first distrib), you can keep track of the supply in circulation after each distribution.

So if all stayed the same ~70,000BTC linked then:

70,000 * .0625 = 4,375
100,000 * .1 = 10,000

only ~14,375 new GBs would be distributed in round 2?

As far as I've read,  second distro is only releasing 1.5% of total amount.

No, it's a constant amount of 62.5 MB per 1 BTC, so it depends on the total amount of linked bitcoins.

The next distribution will be releasing something like 1.5% if the linked BTC amount is similar to what was linked in the first round. 1.5% is just an estimation, as CryptKeeper said, the percentage depends (well 1% is sure) on the linked BTC amount at the time of the blockchain snapshot.

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