Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 976. (Read 1234271 times)
January 02, 2017, 09:10:21 AM
hi, I thank you for free byteball
January 02, 2017, 09:09:07 AM
Satoshi.fund holds about 1k Gb.
https://docs.google.com/spreadsheets/d/1CMoQEXTPKjay9SgiNyvjsAkQAGD2wNYfN7pYfI2FEro/edit#gid=1113545347
https://docs.google.com/spreadsheets/d/1CMoQEXTPKjay9SgiNyvjsAkQAGD2wNYfN7pYfI2FEro/edit#gid=1113545347
That's a good news! Tweeted https://twitter.com/ByteballOrg/status/815922244232867840
January 02, 2017, 08:16:51 AM
Quote
Participation in Byteball distribution
If you missed the 1st round of distribution, you can still participate in the further rounds. If you were in the 1st round, you can multiply your holdings. In the second round, which is expected in mid-February, you receive:
- 62.5 MB for every 1 BTC of proven balance
- 0.1 new bytes for every 1 byte (received in the 1st round)
If you missed the 1st round of distribution, you can still participate in the further rounds. If you were in the 1st round, you can multiply your holdings. In the second round, which is expected in mid-February, you receive:
- 62.5 MB for every 1 BTC of proven balance
- 0.1 new bytes for every 1 byte (received in the 1st round)
There was 100 000 GB distributed in the first round.
This means that there will be 10 000 GB distributed to byteball holders in the second round (0.1 new bytes for every 1 byte received in the 1st round).
Let us assume that in the second round there will be 100 000 BTC linked.
This would mean there will be 6250 GB distributed according to BTC balances.
So most likely the dev will distribute much less bytes in the second round (than in the first round).
People tend to be suspicious about cryptos where the majority of coins is held by the dev for a long time.
This is not like Bitcoin where you know everything about the distribution from the beginning. Here we have the dev who reserves the right for himself to distribute most coins arbitrarily in the future. A free airdrop distribution is risky but possible. But here there is one person who controls 90 percent of the total amount of coins and this one person can ARBITRARILY decide about their future distribution. For months, maybe year(s) to come.
This must make byteball feel like a joke for any serious investor.
Well, I can consider all other critics to be a FUD, and the concerns about the ICOs included in distribution can be also somehow discarded (I believe that will not do that much harm at the end of the day), but this concern quoted above sounds really important to me!! And it is a somewhat worrying.
tonych and/or CryptKeeper, could you please address this comment? Its not a simple FUD or grunt of people who are unhappy by distribution. I believe its valid concern.
If the majority of coins remains at your disposal for so long time, how do you think it will affect the adoption by exchanges or other businesses? You may be the most honest person in the world, and will keep all your promises (and I personally believe you will), but how you can prove that to others, so they believe you will not just dump your undistributed coins?
Having to keep so many undistributed coins doesn't make me feel comfortable either. I have to find a balance between distributing fast and distributing wide, which takes more time to allow more people to pull in. I might move the undistributed funds to a multisig address, I would expect my cosigners to:
- have a long term interest in the success of Byteball at best, or be neutral at least
- be non-anonymous
- have a good reputation in the crypto community
- be trusted not to collude with me or with each other
The hour for a byteball-foundation. I suggest you, to have 3 multisig-keys for members from the industry to invest in and gain value/interests for byteball.
Greetz
Steve
January 02, 2017, 08:09:36 AM
Quote
Participation in Byteball distribution
If you missed the 1st round of distribution, you can still participate in the further rounds. If you were in the 1st round, you can multiply your holdings. In the second round, which is expected in mid-February, you receive:
- 62.5 MB for every 1 BTC of proven balance
- 0.1 new bytes for every 1 byte (received in the 1st round)
If you missed the 1st round of distribution, you can still participate in the further rounds. If you were in the 1st round, you can multiply your holdings. In the second round, which is expected in mid-February, you receive:
- 62.5 MB for every 1 BTC of proven balance
- 0.1 new bytes for every 1 byte (received in the 1st round)
There was 100 000 GB distributed in the first round.
This means that there will be 10 000 GB distributed to byteball holders in the second round (0.1 new bytes for every 1 byte received in the 1st round).
Let us assume that in the second round there will be 100 000 BTC linked.
This would mean there will be 6250 GB distributed according to BTC balances.
So most likely the dev will distribute much less bytes in the second round (than in the first round).
People tend to be suspicious about cryptos where the majority of coins is held by the dev for a long time.
This is not like Bitcoin where you know everything about the distribution from the beginning. Here we have the dev who reserves the right for himself to distribute most coins arbitrarily in the future. A free airdrop distribution is risky but possible. But here there is one person who controls 90 percent of the total amount of coins and this one person can ARBITRARILY decide about their future distribution. For months, maybe year(s) to come.
This must make byteball feel like a joke for any serious investor.
Well, I can consider all other critics to be a FUD, and the concerns about the ICOs included in distribution can be also somehow discarded (I believe that will not do that much harm at the end of the day), but this concern quoted above sounds really important to me!! And it is a somewhat worrying.
tonych and/or CryptKeeper, could you please address this comment? Its not a simple FUD or grunt of people who are unhappy by distribution. I believe its valid concern.
If the majority of coins remains at your disposal for so long time, how do you think it will affect the adoption by exchanges or other businesses? You may be the most honest person in the world, and will keep all your promises (and I personally believe you will), but how you can prove that to others, so they believe you will not just dump your undistributed coins?
Having to keep so many undistributed coins doesn't make me feel comfortable either. I have to find a balance between distributing fast and distributing wide, which takes more time to allow more people to pull in. I might move the undistributed funds to a multisig address, I would expect my cosigners to:
- have a long term interest in the success of Byteball at best, or be neutral at least
- be non-anonymous
- have a good reputation in the crypto community
- be trusted not to collude with me or with each other
January 02, 2017, 08:02:38 AM
Then update to 1.0.0 version and they should show.
Done, and gave it some tyme to sync - didn't change anything, though...
Is this a single wallet or do you have a multi-device setup? It's a known issue with multi-device setups where you have linked your BTC addresses on the other device. In this case, please PM tonych, maybe he can help you.
January 02, 2017, 07:42:10 AM
Then update to 1.0.0 version and they should show.
Done, and gave it some tyme to sync - didn't change anything, though...
January 02, 2017, 06:37:12 AM
January 02, 2017, 06:34:26 AM
Seriously, Diem... Why? Polo said they were going to ditch that piece of crap a few months ago and there it is, still listed.
I suspect they list coins based more o what they can turn a profit on over inspecting the code.
Bittrex would be nice though in the meantime agreed.
I suspect they list coins based more o what they can turn a profit on over inspecting the code.
Bittrex would be nice though in the meantime agreed.
Poloniex and Bittrex just want BTCs, if you pay them enough, they will list any garbage, no standard at all. I don't think they are good exchanges, just older ones. They have more trading volume because they exist longer. Before crypsy, mint exchange etc has more volumes, but they were bust.
A man who knows whats up! Just give them your BTC and they'll add you. Poloniex only has the volume because of the inside job on etherum, letting the whales trade for free or reduced rate. Volume brought more newbies who topped up the volume.
January 02, 2017, 06:32:28 AM
How to buy byteball ?
January 02, 2017, 06:29:47 AM
Then update to 1.0.0 version and they should show.
January 02, 2017, 06:26:07 AM
Hi,
am I just too dumb to find the toggle switch or did I not receive Blackbytes?
this is my balance from the original distribution, no other activities were done on this wallet.
any hints about what I can do?
https://s28.postimg.org/ctu04b7x9/image.jpg
am I just too dumb to find the toggle switch or did I not receive Blackbytes?
this is my balance from the original distribution, no other activities were done on this wallet.
any hints about what I can do?
https://s28.postimg.org/ctu04b7x9/image.jpg
Are you running the latest version of the byteball wallet? The older version might not display blackbytes.
I am running 0.7.1
January 02, 2017, 06:18:28 AM
Hi,
am I just too dumb to find the toggle switch or did I not receive Blackbytes?
this is my balance from the original distribution, no other activities were done on this wallet.
any hints about what I can do?
https://s28.postimg.org/ctu04b7x9/image.jpg
am I just too dumb to find the toggle switch or did I not receive Blackbytes?
this is my balance from the original distribution, no other activities were done on this wallet.
any hints about what I can do?
https://s28.postimg.org/ctu04b7x9/image.jpg
Are you running the latest version of the byteball wallet? The older version might not display blackbytes.
January 02, 2017, 06:15:05 AM
Hi,
am I just too dumb to find the toggle switch or did I not receive Blackbytes?
this is my balance from the original distribution, no other activities were done on this wallet.
any hints about what I can do?
https://s28.postimg.org/ctu04b7x9/image.jpg
am I just too dumb to find the toggle switch or did I not receive Blackbytes?
this is my balance from the original distribution, no other activities were done on this wallet.
any hints about what I can do?
https://s28.postimg.org/ctu04b7x9/image.jpg
There should be dots under your gbyte balance, but there are no dots so maybe you didn't get Blackbytes. I think it is better to contact tonych.
January 02, 2017, 06:10:51 AM
Hi,
am I just too dumb to find the toggle switch or did I not receive Blackbytes?
this is my balance from the original distribution, no other activities were done on this wallet.
any hints about what I can do?
https://s28.postimg.org/ctu04b7x9/image.jpg
am I just too dumb to find the toggle switch or did I not receive Blackbytes?
this is my balance from the original distribution, no other activities were done on this wallet.
any hints about what I can do?
https://s28.postimg.org/ctu04b7x9/image.jpg
January 02, 2017, 05:41:29 AM
Since last fix, you can deposit GBYTE using QRcode, it is useful especially for mobile wallets.
Cryptox.pl
Cryptox.pl
Good. Any news for Blackbytes trade support ?
January 02, 2017, 04:28:48 AM
Since last fix, you can deposit GBYTE using QRcode, it is useful especially for mobile wallets.
Cryptox.pl
Cryptox.pl
Good. Any news for Blackbytes trade support ?
January 02, 2017, 03:49:54 AM
Since last fix, you can deposit GBYTE using QRcode, it is useful especially for mobile wallets.
Cryptox.pl
Cryptox.pl
January 02, 2017, 02:44:30 AM
crosspost of Altcoin Section : https://bitcointalk.org/index.php?topic=1735663.new#new
Basically i removed my wallet in the app the one i synced my btc with and now i try to find a way to recover it.
Maybe there are some byteball experts here who can help me out.
Will give at least 0.5BTC bounty for the solution.
Basically i removed my wallet in the app the one i synced my btc with and now i try to find a way to recover it.
Maybe there are some byteball experts here who can help me out.
Will give at least 0.5BTC bounty for the solution.
January 02, 2017, 12:05:35 AM
Seriously, Diem... Why? Polo said they were going to ditch that piece of crap a few months ago and there it is, still listed.
I suspect they list coins based more o what they can turn a profit on over inspecting the code.
Bittrex would be nice though in the meantime agreed.
I suspect they list coins based more o what they can turn a profit on over inspecting the code.
Bittrex would be nice though in the meantime agreed.
Poloniex and Bittrex just want BTCs, if you pay them enough, they will list any garbage, no standard at all. I don't think they are good exchanges, just older ones. They have more trading volume because they exist longer. Before crypsy, mint exchange etc has more volumes, but they were bust.
January 01, 2017, 09:41:32 PM
Byteball is definitely worthy of Poloniex.
Poloniex is unpredictable, it listed lisk at launch, took months to list decred, and still hasn't listed waves. It might list byteball tomorrow, or months away, or never. It can afford to be choosy now it's the biggest alt exchange. Byteball's worthy of it though.
Jump to: