Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
JReag
on 14/10/2016, 16:45:00 UTC
Thanks, it works and it took about 6h to sync. The wallet is good looking. Exploring the settings I saved the seed and created a spending password as I would do on the real network. I'm confused by the backup part, the instructions say that the seed isn't enough to recreate the account but you need other settings too but it doesn't say which ones or how to save them (I don't remember the exact phrase because it was deleted along the seed after I saved it). 

I agree with this assessment - I think clearer instructions on how to backup the wallet are necessary.

You need to back up the entire data folder (~/.config/Byteball test on linux).  This folder includes private payments (blackbytes) which are not restorable from the seed. 

A better way to prepare for the device loss or failure, is by setting up a multi-sig wallet with redundancy, then you'll automatically have several copies of private payments on multiple devices.

And if one of devices is lost and I replace it with a new one, how do I restore my wallet on it?

You create a new wallet and send all funds to it.

Would it be possible for alt coins to be included in the distribution count or are you ONLY going to do BTC?

I ask because I currently hold mostly altcoins and I'd have to start selling off holdings at a significant loss to gain my Byteballs.

Which would feel like biting my balls!