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Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 943. (Read 1234271 times)

legendary
Activity: 2044
Merit: 1055


No, you find your seed (12 words) under 'Backup'.

Im currently running the old version. I cant find 'backup'.

Must be there, even in old versions. Have you looked in the cogwheel menu?
sr. member
Activity: 248
Merit: 250
When approximately will be next free distribution? And who knows how to confirm the BTC address in Electrum wallet  via confirmation message? Do they have a detailed instruction?

The next round will be held on 11th of February at 0:33 UTC. Here is the distribution rules:
  • BTC to bytes: 1 BTC of proven balance gives you 62.5 MB
  • BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes
  • 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

Actually if you go to page 180 or this link https://bitcointalksearch.org/topic/m.17566450 , you could see tonych explanation regarding 2nd distribution.  Smiley
hero member
Activity: 686
Merit: 503
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
When approximately will be next free distribution? And who knows how to confirm the BTC address in Electrum wallet  via confirmation message? Do they have a detailed instruction?
hero member
Activity: 518
Merit: 500
what is the next time for get free byteball?

Feb 11
Is it till Feb 11 or after Feb 11?I mean do we nees to link our bitcoin address before that date or after that date?
Can I use blockchain.info online wallet for linking purpose?
member
Activity: 95
Merit: 10


No, you find your seed (12 words) under 'Backup'.

Im currently running the old version. I cant find 'backup'.
legendary
Activity: 2044
Merit: 1055
Thanks HI-TEC99 and CryptKeeper for clarification Smiley

What exactly I need to do to secure a backup before update to v1.0.0?

"To restore wallets, you will need a full backup of Byteball settings. Just the wallet seed is not enough"

It's vital to backup this windows folder to ensure you get your blackbytes.

C:\users\\AppData\Local\Byteball

The folder is normally hidden. If you haven't configured your computer to make it visible then click the windows orb, type %appdata% into the search box and press enter, Your hidden appdata folder should open.

It's also important to back up your wallet words (the seed) that you can view in the advanced section of your wallet.
Under 'Advanced' it says: wallet id.
Is that the seed of my wallet? Just want to be sure..
Thanks.

No, you find your seed (12 words) under 'Backup'.
member
Activity: 95
Merit: 10
Thanks HI-TEC99 and CryptKeeper for clarification Smiley

What exactly I need to do to secure a backup before update to v1.0.0?

"To restore wallets, you will need a full backup of Byteball settings. Just the wallet seed is not enough"

It's vital to backup this windows folder to ensure you get your blackbytes.

C:\users\\AppData\Local\Byteball

The folder is normally hidden. If you haven't configured your computer to make it visible then click the windows orb, type %appdata% into the search box and press enter, Your hidden appdata folder should open.

It's also important to back up your wallet words (the seed) that you can view in the advanced section of your wallet.
Under 'Advanced' it says: wallet id.
Is that the seed of my wallet? Just want to be sure..
Thanks.
legendary
Activity: 1946
Merit: 1007
still traceable using byteball, the real untraceable is zcash

Tracability is not the only thing people are worried about or interested in.

There are many more applications for blockchain technologies and most people don't even have to be concerned with tracability.
legendary
Activity: 1540
Merit: 1096
still traceable using byteball, the real untraceable is zcash
just use blackbytes.
newbie
Activity: 67
Merit: 0
still traceable using byteball, the real untraceable is zcash
legendary
Activity: 2044
Merit: 1055
Please join the Byteball slack:

- latest news and updates
- trading and auctions
- helpdesk

Get your invite here: slack.byteball.org
legendary
Activity: 2044
Merit: 1055
I wish all the people would give a vote to ByteBall on trading sites MERCATOX, I believe with many trading sites will make many other new communities grow to make byteball be great, please give free VOTE for byteball and immediately added to the trading site MERCATOX

https://mercatox.com/coins/list

I've voted for Byteball, please join!  Grin

I''ll vote for it.

I also asked alcurEX to list byteball in this post, please join!

https://bitcointalksearch.org/topic/m.17335090

Done. Thank you!
legendary
Activity: 2310
Merit: 1422
I thought the second was the most obvious one and, in fact, it is. And given the other features that's a bit problematic. I thought of using TOR for BB but as you pointed out that's just as anonymous as TOR can be. Monero wins on that side.
Would be nice to hear something from tonych..

TOR makes a lot of sense in cryptocurrencies whose ledgers are public, because it prevents other connected nodes from linking your transactions to your IP address.  When you are paying in blackbytes, your transaction is visible only to the payee, and usually you are not even connected to the payee directly, you communicate over a hub.  This means that, even when TOR is off in your Byteball client:
- unrelated third-parties learn nothing
- the payee can learn your IP only in two cases: you are connected directly or the payee colludes with the hub
Turning TOR on (available in headless clients, will be supported soon in GUI clients) removes the above risk.

Differences with Monero:
- Monero doesn't hide amounts, blackbytes do.
- Strictly speaking, ring signatures used in Monero only obfuscate information about the sender, don't completely hide it.  Blackbytes truly hide all information.  This is not to say obfuscation is always something of subpar quality, good obfuscation can be as good as hiding for all practical purposes.

That said, I think the anonymity features of Monero are already good enough for most users, the real game changer is usability, where imho Byteball shines.  And it is not just about anonymity.

First of all, thanks for the outstanding explanation. I'm not a Monero supporter as I've already said but I'm truly looking forward to a coin that preserves my privacy and confidentiality and if your project delivers on that I'm perfectly happy.
I'll read the white paper to learn more about Byteball & messaging Wink
legendary
Activity: 2044
Merit: 1055
what is the next time for get free byteball?

Feb 11

is there a complete distribution schedule somewhere for all the BBs?

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

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.
member
Activity: 107
Merit: 10
what is the next time for get free byteball?

Feb 11

is there a complete distribution schedule somewhere for all the BBs?

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

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.
legendary
Activity: 1418
Merit: 1002
what is the next time for get free byteball?

Feb 11

is there a complete distribution schedule somewhere for all the BBs?

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

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?


hero member
Activity: 1274
Merit: 521
7enius - Your Cryptocurrency Marketing Consultant
what is the next time for get free byteball?
As a @tonych said on OP the second round wll be take on the Full Moon of February, on February 11 at 00.33 UTC, if you not join on first round you just need to donwload the byteball wallet and linked your BTC address, but if you have byteball before you need to move it first and linked again your BTC address.
member
Activity: 107
Merit: 10
hero member
Activity: 585
Merit: 500
what is the next time for get free byteball?
member
Activity: 107
Merit: 10
Monero does hide amounts now, actually, with the recent hardfork to allow ring confidential transactions (CT) transactions on mainnet. Also, as you point out ring signatures only obfuscate, but In conjunction with stealth addresses, you can achieve an anonymity set in the millions with maybe ten "hops".

IMO "hubs" sound like more of a vulnerability than a plus, as maybe counterparty might not know your IP, but the hub could be logging everyone's IP that connects.

Anyway, agree that usability is key, especially for byteball where there is less emphasis on decentralization and trustlessness.

This is why BB beats XMR hands down. Right now I can converse with someone through the BB wallet, we both remain anonymous, I can chat with them easily, send them funds in private, delete the chat and I'm done. That's today, not "after the introduction of... ". Monero is like ETH, always tomorrow, tomorrow. If I need anonymity tx in XMR I have to encrypt messages and sensitive information through another source, maybe with PGP and the masses will not accept that as although it's solid encryption, it's cumbersome and slow.

I can't see how Monero is any more decentralized than BB considering XMRs inception.

Monero is a one trick pony. A good one essentially and for those who invested early, like BTC, they will flog it hard in the face of better solutions. Understandable.

Even NAV in some regards bests XMR for anonymity and being able to anonymize other coins through NavTech.

I expect to see some adoption of the BB for private tx's alone. 
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