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Author Topic: BYTEBALL: Totally new consensus algorithm + private untraceable payments  (Read 15888 times)

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Offline John OgdenTopic starter

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Version 1.9.1 released https://github.com/byteball/byteball/releases


* Android app now displays balance almost immediately after starting
* Hide balance before the password is entered when starting a password-protected wallet
* Bugfix: smart wallets created based on other smart wallets are now visible
* Bugfix: when using "Send all" sometimes the wallet was sending only part of the balance
* Bugfix: sync could become stalled if sending a new transaction while still syncing
* Additional checks to prevent creation of unspendable addresses which occasionally happened on some Android devices
* Ability to re-send private payloads to other co-signers on multisig wallets
* Ability to delete multisig wallet whose creation was not finished
* Sync progress is now displayed as date (percentages caused confusion for many users)
* Multiple UI improvements
* Multiple small bugfixes
* Small performance improvement
* Improved translations


Special thanks to @CorePrime95 for multiple UI improvements and bugfixes.
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Offline John OgdenTopic starter

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There are less than 12 hours left until round 7 Byteball distribution, that means it's time for another "What you need to know post", so here it is!
___
Byteball round 7 distribution happens July 9, 2017 at 04:07 AM UTC
___

___
What you need to know
___
What's Byteball's website address?
You can find the Byteball website at https://byteball.org/
___
Does it have a whitepaper?
Yes, it has a very robust 49 page whitepaper can be found here: https://byteball.org/Byteball.pdf
___
What's the latest client?
Version 1.9.1 here: https://github.com/byteball/byteball/releases
___
What were the stats of the last distribution round?
___
    Distribution of Bytes is completed.
    Total distributed: 66,208.049453060 GB.
    New circulating supply: 255,491.918951297 GB (already updated on coinmarketcap).
    The distributed amount is worth $47m at the current price.


    Distribution of blackbytes is now finished too.
    127,513.125794221 GBB distributed
    12,258.687406134 GBB added to the community fund https://docs.google.com/spreadsheets/d/1foYdri-vadnq8Kbr51QVhBlXiswHtiDpaShVaWO060s
___
How will the 7th round of distribution work?
The 7th round is scheduled for the full moon of July (July9, 2017 at 04:07 UTC).
___
    The next distribution is scheduled for the full moon of July: July 9, 2017 at 04:07 UTC, the rules stay the same:
___
    BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
    BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
    Bytes to bytes: 1 byte on any Byteball address gives you 0.2 new bytes
    Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.42222 blackbytes


    Putting this another way, to receive 1 GB from the distribution, you need to already hold 16 BTC or 5 GB.  These same holdings also give you 2.1111 GBB (giga-blackbyte).
___
Where can i see the amount linked for round 6?
You can check out the transition bot to see current total linked, and the transition rate: http://transition.byteball.org/
___
How do I participate in this distribution round?
Alfred has made a great and easy to follow step-by-step guide here: http://dailybyteball.blogspot.com/2017/03/participation-in-byteball-distribution_15.html
___
How do I link my BTC address?
Alfred has made a great and easy to follow step-by-step guide here: http://dailybyteball.blogspot.com/2017/03/how-to-link-bitcoin-address-for.html
___
Help! I'm not sure what to do and time is running out!?
Do not worry! Hop in the Byteball slack here: http://slack.byteball.org/
Once you are in, join the #helpdesk channel. You will find many community members here willing to help out those who are new to Byteball!

___
Then what am i waiting for?
Absolutely nothing! Go to http://slack.byteball.org/ and get started ASAP, not much time remain to get set up!
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Offline John OgdenTopic starter

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The next round is scheduled for the Full Moon of August: August 7, 2017 at 18:10 UTC.  The rules stay the same:
___
BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.2 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.42222 blackbytes
___
Putting this another way, to receive 1 GB from the distribution, you need to already hold 16 BTC or 5 GB.  These same holdings also give you 2.1111 GBB (giga-blackbytes).


___
German language article about Byteball by T3N!
http://t3n.de/news/kryptowaehrung-byteball-bitcoin-839021/


___
Version 1.9.3 released https://github.com/byteball/byteball/releases
___
Please upgrade if you experienced crashes on your full wallet.
___
* Fixed crashes of full wallets while archiving some nonserial units during sync
* Fixed severe performance degradation of full clients while archiving nonserial units
* Fixed a bug that could cause some units to be left unconfirmed after removal of nonserial units
* Improved performance of full clients while syncing
___
Sports oracle was updated to list the upcoming fixtures and their codes for use in betting smart contracts.
Thanks @Freefactomizer for adding this feature.
___

___
https://bitcointalk.org/index.php?topic=1608859.msg20288936#msg20288936
___
See the wiki about betting on sports events https://wiki.byteball.org/trading/sports-betting
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Offline John OgdenTopic starter

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Flight delay insurance bot launched: get paid if your flight is delayed

https://bitcointalk.org/index.php?topic=1608859.msg20474959#msg20474959
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Offline John OgdenTopic starter

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
« Reply #49 on: August 04, 2017, 12:57:18 AM »

The next round is scheduled for the Full Moon of August: August 7, 2017 at 18:10 UTC. The rules stay the same:


BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.2 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.42222 blackbytes


Putting this another way, to receive 1 GB from the distribution, you need to already hold 16 BTC or 5 GB. These same holdings also give you 2.1111 GBB (giga-blackbytes).
___


Byteball tutorials on signing and linking to BTC to byteball
___


Watch Byteball  "The first crypto with smart payments" on Vimeo
https://vimeo.com/slackjore/byteball
___


New in Byteball v1.10.0 : more user friendly creation of smart contracts, and voting too!
https://github.com/byteball/byteball/releases
___
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Offline John OgdenTopic starter

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
« Reply #50 on: August 07, 2017, 03:02:29 PM »


___
- Over 1.2 million $BTC linked to #Byteball!
- Don't miss biggest #airdrop ever!
- Get free coins + 20% bonus
___
https://byteball.org/
___
under 3hrs to go!
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Offline John OgdenTopic starter

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
« Reply #51 on: August 11, 2017, 06:59:36 PM »

Updates and News from the Byteball dev
___
From post here: https://bitcointalk.org/index.php?topic=1608859.msg20686283#msg20686283
___
After August 7 we'll reach more than 50% distributed coins and will start a new phase of our distribution.
___
It was stated from day one that the purpose of this distribution is to get this coin into the hands of as many people as possible.  Both coins (bytes and blackbytes) are meant to be used as currencies, and this is only possible when there are many users and apps to interact with.  We already have a sizable community, a number of unique apps, and we are the only crypto project to have an app distribution platform (the Bot Store), but there is still a lot of room to grow in terms of user count, number of apps, and willingness of users to use these apps.
___
Up until now, we were distributing only to holders of BTC and Bytes, i.e. we were rewarding holding.  Now we are adding actual users into the mix, i.e. we are going to reward transactions.
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To get you an idea of how we are going to do it, we are going to partner with several categories of companies:


- merchants
- payment processors
- "Bitcoin debit card" companies
and offer 10% cashback, paid in Bytes, for all qualifying purchases (no matter how the purchases are paid).  The cashback will be funded from the undistributed pool.  For example, a customer who bought for $100 receives $10 cashback in Bytes, paid to his Byteball address, at the current exchange rate.  For merchants, this is something that would drive sales and they would put effort into promoting the offer.  In competitive industries, a 10% cashback is a very powerful tool to lure customers.  For customers, this is a 10% discount (which matters a lot in some industries).  For Byteball, it is new users who will have to get involved into the system in order to receive the cashback.
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A few companies have already expressed interest (not disclosing the names while it is a work in progress).
___
A few extensions of this offer:


- 20% cashback if the purchase is paid in bytes or blackbytes.  This would incentivize merchants to start accepting bytes and blackbytes, and the infrastructure will stay after the distribution ends.
- merchants can offer additional cashback to their customers.  Merchants fund it themselves by buying bytes from the market, and for every 1% funded by the merchant we add 1% more from the undistributed pool.
___
If you see similarity with existing loyalty points schemes, it is similar indeed.
___
At a minimum, we receive many new users who learn about Byteball from their merchants, plus working payment integrations.  And the users are not just crypto fans, it may be their first crypto coin for many users.  With the most user friendly wallet in the industry, we are in the best position to expand beyond the crypto village.
___
We can continue adding 10-20% to existing byte balances to incentivize keeping the received bytes before more infrastructure is built, rather than cashing out immediately. 
___
Two negative sides:


- the scheme is less transparent than plain adding on top of existing balances, and some share of fraud is inevitable.  Merchants might try to deceive us to receive coins for themselves by reporting nonexistent sales or selling to themselves.  This is mitigated by good choice of trustworthy merchants and our ability to disconnect any merchant at any time on suspicion of fraud.  Their customers can also try to find ways to abuse the system, again we'll require the merchants to prevent that by excluding some types of purchases, monitoring customers, enforcing caps, etc.  Additionally, if the merchant funds part of the cashback himself, he has skin in the game to counter the customer fraud.
- these new users are not holders for the most part, they are more likely to sell.  Not a big problem, the point is they already know about Byteball and it's easy for them to get back.  The new users are new to crypto, many of them won't use exchanges, and somebody will have to create new easier-to-use channels to fiat, which is positive for liquidity.  Also, 10%-20% monthly distributions discourage fast selling while the distribution is ongoing.  And lastly, the merchants who fund 50% of the cashback would partially balance the markets by buying coins.
___
On balance, I'm sure that these negatives are tolerable when we are going to achieve a vast expansion of our user base and acceptance at merchants.
___
For the current distribution round, nothing changes.
___
For the next distribution on September 6, we are changing the ratios in favor of Byte holders and slowing down the distribution to have more time to build out the cashback program:
___
BTC to Bytes: every 160 BTC gives you 1 GB from the distribution (or 0.00625 GB per BTC).
Bytes to Bytes: every 10 GB of existing balance gives you additional 1 GB from the distribution (in other words, +10% to existing balances).
___
Similar ratios for blackbytes.
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For those who receive their first bytes from cashbacks, Sep 6 will be the first distribution when they receive +10%.
___
I'll make announcements as we add merchants in the cashback program.
___
From post by Byteball Dev here: https://bitcointalk.org/index.php?topic=1608859.msg20789294#msg20789294
Distribution of bytes is complete.
160,424.226385661 GB distributed in this round ($56m at the current prices).
526,327.234762955 GB is the new available supply, which is 52.6% of the total supply.  Coinmarketcap is already updated.
___
Distribution of blackbytes will take roughly 3 days, I'll update you when it is finished.
___


Distribution of blackbytes is now finished too.
___
As already announced, we'll now distribute bytes between rounds as cashback for purchases at participating merchants https://bitcointalk.org/index.php?topic=1608859.msg20686283#msg20686283.
___
Distribution on top of existing balances in Bytes and BTC continues too.  The next round is on the Full Moon of September (September 6, 2017 at 07:02 UTC):
BTC to bytes: 1 BTC of proven balance gives you 6.25 MB (0.00625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 6.25 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
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
___
Putting this another way, to receive 1 GB from the distribution, you need to already hold 160 BTC or 10 GB.  These same holdings also give you 2.1111 GBB (giga-blackbyte).
___
Watch our announcements to learn about merchants who join the cashback program (contact me if you are a merchant and want to apply).
___

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Offline Key

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
« Reply #52 on: August 12, 2017, 04:05:15 PM »
Can I still get my free byteballs?
Will the real Bitcoin please stand up, please stand up, please stand up

Offline John OgdenTopic starter

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
« Reply #53 on: August 13, 2017, 07:47:56 PM »

Byteball for web merchants solution:  Accept payments in Bytes for any goods or services you sell on the internet!
___
byteball-for-merchants.com
___
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Offline John OgdenTopic starter

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
« Reply #54 on: August 17, 2017, 11:53:07 PM »

Reminder about next distribution rounds incoming from the dev's original post here: https://bitcointalk.org/index.php?topic=1608859.msg20789294#msg20789294


As already announced, we'll now distribute bytes between rounds as cashback for purchases at participating merchants https://bitcointalk.org/index.php?topic=1608859.msg20686283#msg20686283.


Distribution on top of existing balances in Bytes and BTC continues too.  The next round is on the Full Moon of September (September 6, 2017 at 07:02 UTC):
BTC to bytes: 1 BTC of proven balance gives you 6.25 MB (0.00625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 6.25 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
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


Putting this another way, to receive 1 GB from the distribution, you need to already hold 160 BTC or 10 GB.  These same holdings also give you 2.1111 GBB (giga-blackbyte).


Watch our announcements to learn about merchants who join the cashback program (contact me if you are a merchant and want to apply).
vindynegroup.com

Offline John OgdenTopic starter

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
« Reply #55 on: August 23, 2017, 01:12:12 AM »

Byteball Video Competition - show how you work with the wallet and win coins!
___
Don't forget to upvote on reddit:
___
https://www.reddit.com/r/ByteBall/comments/6uhnt2/ann_byteball_videocompetition/
___
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Offline John OgdenTopic starter

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
« Reply #56 on: August 24, 2017, 01:01:16 AM »

Byteball version 1.10.1 released: recovery from seed on light clients and other improvements:
___
- Ability to partially recover from seed in light clients
- Visual improvements of contract creation pages
- Improved performance of sending and receiving blackbytes
- Fixed an issue that caused the app to sometimes crash on Android phones with system language set to Turkish (that was tricky!)
- Fixed an issue where Android app sometimes failed to start
- Fixed an issue when resending received blackbytes to cosigner devices could crash the cosigners
- Reworded the light/full choice page shown when the app starts for the 1st time. In the old version, many users were confused by the names and were choosing "full" without realizing what it is.
- Multiple small bugfixes
- Improved translations


___
https://github.com/byteball/byteball/releases
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Offline John OgdenTopic starter

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
« Reply #57 on: August 31, 2017, 07:30:05 PM »

Byteball sports oracle now supports Soccer, MLB, NBA, NFL, and NHL. Browse and get codes for p2p bets
___
https://bitcointalk.org/index.php?topic=1608859.msg21199623#msg21199623
___


Bytes included in Kaiserex recommended portfolio
___
https://www.kaiserex.com/what-is-the-recommended-portfolio/
___


Buy blackbytes for bytes via a smart contract
___
https://bitcointalk.org/index.php?topic=1608859.msg21250868#msg21250868
___


New in prediction markets: bet on total market cap of crypto
___
https://bitcointalk.org/index.php?topic=1608859.msg21308001#msg21308001
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Offline John OgdenTopic starter

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
« Reply #58 on: September 05, 2017, 10:44:20 PM »

Don't forget Byteball - Round 9 - full moon of September 6, 2017 at 07:02 UTC - just hours away!
___
https://byteball.org/
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