Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 969. (Read 1234271 times)
January 05, 2017, 09:49:56 PM
can we get serious exchange finally?
January 05, 2017, 09:38:15 PM
January 05, 2017, 07:47:58 PM
i think blackbytes value will be 10x more high than whitebytes.
Cause it's 100% anon and only sender and receiver could see amount.
Cause it's 100% anon and only sender and receiver could see amount.
Well if you believe so you get mine. I will offer you 4 BlackByte for 1 Byteball from you.
Same here. I would offer 4 BlackByte for 1 Byteball as well.
January 05, 2017, 05:02:21 PM
Why limit distribution to bitcoin hodlers?
Admit it, many of us have altcoin portfolios
...Why not distribute to holders of top 100 coins?
Admit it, many of us have altcoin portfolios
...Why not distribute to holders of top 100 coins?87% dominate Bitcoin against Altcoins! I think, you would hit 100 times the same investors. Big whales in ETH are the same like big whales in XEM or Monero.
So...PLEASE NOOOOOOOO....
Greetz
But to move out of cryptocoins means touching the ugly visa/mastercard if you allow people to "pre-buy" bytes.
Facebook app and/or recaptcha like "work for bytes" incentive could be something to reach audiences outside of cryptocoin forums.
Idea to "work for bytes" is interesting. Anything should ideally be got by proving some work, but not just for free
Moving out of crypto community sounds very good, but would be hard for now. Even in crypto there are so many noobs with all kinds of weird questions.
A have another idea! If we are not afraid of noobs, bytes could be traded for Pokemons, or for proof of Pokemon ownership
January 05, 2017, 04:16:49 PM
i think blackbytes value will be 10x more high than whitebytes.
Cause it's 100% anon and only sender and receiver could see amount.
Cause it's 100% anon and only sender and receiver could see amount.
reserved.
January 05, 2017, 03:54:48 PM
i think blackbytes value will be 10x more high than whitebytes.
Cause it's 100% anon and only sender and receiver could see amount.
Cause it's 100% anon and only sender and receiver could see amount.
January 05, 2017, 03:50:54 PM
Or maybe signature campaigns, blogs, social media campaigns with bounties.
At least the freebies are acquired with some level of work.
At least the freebies are acquired with some level of work.
January 05, 2017, 03:39:02 PM
Why limit distribution to bitcoin hodlers?
Admit it, many of us have altcoin portfolios...Why not distribute to holders of top 100 coins?
Admit it, many of us have altcoin portfolios
...Why not distribute to holders of top 100 coins?87% dominate Bitcoin against Altcoins! I think, you would hit 100 times the same investors. Big whales in ETH are the same like big whales in XEM or Monero.
So...PLEASE NOOOOOOOO....
Greetz
But to move out of cryptocoins means touching the ugly visa/mastercard if you allow people to "pre-buy" bytes.
Facebook app and/or recaptcha like "work for bytes" incentive could be something to reach audiences outside of cryptocoin forums.
January 05, 2017, 03:33:53 PM
Why limit distribution to bitcoin hodlers?
Admit it, many of us have altcoin portfolios...Why not distribute to holders of top 100 coins?
Admit it, many of us have altcoin portfolios
...Why not distribute to holders of top 100 coins?87% dominate Bitcoin against Altcoins! I think, you would hit 100 times the same investors. Big whales in ETH are the same like big whales in XEM or Monero.
So...PLEASE NOOOOOOOO....
Greetz
January 05, 2017, 03:31:49 PM
Why limit distribution to bitcoin hodlers?
Admit it, many of us have altcoin portfolios...Why not distribute to holders of top 100 coins?
Admit it, many of us have altcoin portfolios
...Why not distribute to holders of top 100 coins? 
January 05, 2017, 01:55:30 PM
I hope, tonych will seek way to improve ByteBall and his distribution
January 05, 2017, 01:44:35 PM
Yup, free is free. This will dump to shit if most of the BB are only in the hands of a few. At least with Stellar, many regular users got their free coins. Litoshis, anyone?
January 05, 2017, 12:22:01 PM
Totally agree with what you said. The distribution of the BB should be to its supporters, most are active in this forum, and to the developers of the applications on top of this framework. When I read the white paper, I see tons of features, great features, that will be used by the applications. So we should reward the creator of these applications with byteballs. Random people, when receiving bb, if they don't have an interest to it, will just dump it. It does not help the coin.
Good point. The strength of the byteball is that it is a platform, so tony should reward those who help to create applications (DAC or those use smart contract) on top of it. Like what Ethereum did to help those projects.
Agree!
While I applaud Tony for his effort and this coin.
I'm not a big fan of ICO's holding a majority of the coin.
Will Lisk team start actively developing on top of Byteball?
Dont really think so ...
It would be nice if this somewhat changed for future distributions.
Either way, really would like to see the plan complete distribution laid out and the timeframe for it.
Is the time/amount being decided round by round? Feels like we're in the dark on the end-to-end distribution of this coin.
and this wont happen, because Tony doesnt need ur money
Greetz
Steve
January 05, 2017, 12:21:07 PM
Totally agree with what you said. The distribution of the BB should be to its supporters, most are active in this forum, and to the developers of the applications on top of this framework. When I read the white paper, I see tons of features, great features, that will be used by the applications. So we should reward the creator of these applications with byteballs. Random people, when receiving bb, if they don't have an interest to it, will just dump it. It does not help the coin.
Good point. The strength of the byteball is that it is a platform, so tony should reward those who help to create applications (DAC or those use smart contract) on top of it. Like what Ethereum did to help those projects.
Agree!
While I applaud Tony for his effort and this coin.
I'm not a big fan of ICO's holding a majority of the coin.
Will Lisk team start actively developing on top of Byteball?
Dont really think so ...
It would be nice if this somewhat changed for future distributions.
Either way, really would like to see the plan complete distribution laid out and the timeframe for it.
Is the time/amount being decided round by round? Feels like we're in the dark on the end-to-end distribution of this coin.
January 05, 2017, 11:32:29 AM
Totally agree with what you said. The distribution of the BB should be to its supporters, most are active in this forum, and to the developers of the applications on top of this framework. When I read the white paper, I see tons of features, great features, that will be used by the applications. So we should reward the creator of these applications with byteballs. Random people, when receiving bb, if they don't have an interest to it, will just dump it. It does not help the coin.
Good point. The strength of the byteball is that it is a platform, so tony should reward those who help to create applications (DAC or those use smart contract) on top of it. Like what Ethereum did to help those projects.
Agree!
While I applaud Tony for his effort and this coin.
I'm not a big fan of ICO's holding a majority of the coin.
Will Lisk team start actively developing on top of Byteball?
Dont really think so ...
It would be nice if this somewhat changed for future distributions.
Either way, really would like to see the plan complete distribution laid out and the timeframe for it.
Is the time/amount being decided round by round? Feels like we're in the dark on the end-to-end distribution of this coin.
January 05, 2017, 11:18:13 AM
Of course you get an answer
Thx
.Your answer “…this takes us to 5 to 10 years” frightened me.
This was under the assumption that only 70k stays linked and that each byte will give 0.1 byte at each round (which is not true).
2. How to find a rule (a comprehensible abort criteria) to chance to fast Distribution=>old rules (Which is very powerful for early adopters.):
*62.5 MB for every 1 BTC of proven balance
*1 new bytes for every 1 byte
*62.5 MB for every 1 BTC of proven balance
*1 new bytes for every 1 byte
This rate could indeed be reached as it is the aim of the distribution, to gradually decrease BTC weight/increase bytes weight so that BTC weighs as much as 62.5 MB, but a similar rate will probably be reached in the latest rounds ...
The second rule is to prevent the distribution to become a faucet (... if the distribution grows very slowly -> homoeopathic distribution).
I actually don't see why a 5 to 10 years distribution would be that faucety. Aren't we going to see the last mined bitcoin in 2140
? (Well we'll probably not see it .) January 05, 2017, 09:39:53 AM
..
Does this mean I can't expect an answer
?
Does this mean I can't expect an answer
?Of course you get an answer
In my opinion a very long distribution is not good. Your answer “…this takes us to 5 to 10 years” frightened me. Because the distribution becomes a faucet. But I know this is debatable in every direction (.. so many pros and cons, I don't like to discuss this..) – let’s say it’s only my feeling..
This takes me to the question:
1. How long shoud we (tony) distribute slow (to remain attractive to the new adopters):
*62.5 MB for every 1 BTC of proven balance
*0.1 new bytes for every 1 byte
2. How to find a rule (a comprehensible abort criteria) to chance to fast Distribution=>old rules (Which is very powerful for early adopters.):
*62.5 MB for every 1 BTC of proven balance
*1 new bytes for every 1 byte
There is a easy anser: The dev says how it goes. He can change the speed of distribution in any direction (I'm sure he's able to do that very well.). But this makes him vulnerable and leads to meaningless discussions…
The second rule is to prevent the distribution to become a faucet (... if the distribution grows very slowly -> homoeopathic distribution).
January 05, 2017, 08:31:30 AM
...
These best/worst cases depend on the growth of the linked amount. Can you please elaborate on the growth forumla? I mean is it just speculation, like if it grows by 50% here's what will happen, if it grows by 100% here's what will happen, or is there something else? (Note that the initial question was "if linked wallets remain at 70K btc"). Thx.
Our chat yesterday caused me to make some supplementary considerations. These best/worst cases depend on the growth of the linked amount. Can you please elaborate on the growth forumla? I mean is it just speculation, like if it grows by 50% here's what will happen, if it grows by 100% here's what will happen, or is there something else? (Note that the initial question was "if linked wallets remain at 70K btc"
). Thx.It’s a idea (maybe tonys intention) that would give the distribution clearer rules.
Depending on growth, we can use two abort criteria (for example):
1. rule: 10% rule (a round linked more or equal 10% of BTC capitalization)
2. rule: still standing bytes must be more or equal 38% (according to the old rules with 4 rounds 10%,20%,30%,38%)
After one of the abort criteria is achieved the weight of the byte is increased massively (according to the old rules). Using this we are conform with the old rules…
I think tony will find the right way (I'm glad I do not have to decide
) - 
I’m finished with this slice.
Just one thing: Don’t make it to complicated. Also I think the growth rate of the linked Bitcoin is overestimated. I would like a solution where the Byteballs of the “Hodler” have a bigger impact than the linked Bitcoin. So more Byteballs for “true believers” that have increased their holdings by buying from sellers. So for example a solution where at least 50% of the new issued Byteballs go to existing Byteball-Holders.
January 05, 2017, 08:23:57 AM
I think the need to add other trading sites, at least it's safer for shoppers and merchants
That's true, but we do our best to keep OTC trades safe in our slack and to keep scammers and impostors away! Please use one of the three registered escrow services (Yassin, Seccour or Martis), due to them every OTC trade went smoothly so far.
January 05, 2017, 07:42:06 AM
Everybody knows that the most honest person in this thread is me, right after tonych
The estimated growing is my pure speculation 
. I wanted to show (without a lot of words)that there is'nt (can’t be) a valide answer at this time. Thast’s the problem.. So, tony has to adjust (as he explaint) to give everyone a real chance in the next rounds..
Growing is the key (as tony also explaint) and nobody can extrapolate from only one given point (round 1).
. I wanted to show (without a lot of words)that there is'nt (can’t be) a valide answer at this time. Thast’s the problem.. So, tony has to adjust (as he explaint) to give everyone a real chance in the next rounds..Growing is the key (as tony also explaint) and nobody can extrapolate from only one given point (round 1).
Yes I agree with you, was just wondering if there was something else behind it apart from speculation
.Our chat yesterday caused me to make some supplementary considerations.
Good, that's what chatting is for
.2. rule: still standing bytes must be more or equal 38% (according to the old rules with 4 rounds 10%,20%,30%,38%)
After one of the abort criteria is achieved the weight of the byte is increased massively (according to the old rules). Using this we are conform with the old rules…
After one of the abort criteria is achieved the weight of the byte is increased massively (according to the old rules). Using this we are conform with the old rules…
I don't understand this second rule and I don't see why old rules should be taken into account, can you please explain a bit more?
I’m finished with this slice.
Does this mean I can't expect an answer
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