Quote from: vlom on January 21, 2017, 07:59:20 PM

sorry. but i lost track in this topic. what is blackbyte? do get a backbyte the same way you get bytes? or this this a clone of byteball?

white paper page 3
Transactions in bytes (the base currency) in Byteball are equally visible, but there is a second currency (blackbytes), which is significantly less traceable.

Quote from: marseille on January 03, 2017, 06:30:35 PM

Quote from: kola-schaar on January 03, 2017, 02:05:49 PM

Whats the nature of bytes and blackbytes in Byteball?

Please correct me if i'm wrong.
In my imagination bytes are more comparable to fuel.
Its the currency to ensure the operation and the stability (health) of the network.
So the characteristics of bytes is more like gas (ETH or Ripple) and blackbytes are almost (in the broadest sense) like cash / (~XMR..).
-> Blackbytes are a layer of Bytes (as well as bank notes are a physical layer of a native currency).

Bytes correspond to the actual block size of your transaction, as a fee that you need to pay the network. Blackbytes are used similar to bytes, in the untraceable transactions, where network only records the tx hash, and you need to connect directly to the recipient in order to do the transactions.

Quote from: tonych on January 20, 2017, 04:20:38 PM

....
The transition bot is already working (find the link at https://byteball.org), chat with it to link your Bitcoin address and check the currently linked addresses and their balances. If you participated in the 1st round, your linked addresses stay the same, you don't need to link again.

The distribution rules:

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 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

If you already hold bytes, please move them to one of the linked BB addresses (chat with the bot to learn what your linked addresses are) before the distribution date to receive your share of blackbytes. This is a technicall necessity that follows from how blackbytes work: we need to send the private payloads to your device and we know only the device address of the linked BB address, not of any other BB address. If you don't care about blackbbytes for some reason, you don't need to do anything. If you didn't touch your bytes after the 1st round (i.e. didn't send or receive a single transaction), you also don't need to do anything since all your bytes are still on the linked address.

Blackbytes that remain undistributed because some people didn't move their bytes to the linked address, will be transferred to a development fund which will be used to pay for future promotion and development.

In this round and at the current market prices, bytes give you a much larger share in the distribution than Bitcoins. For example, holding 1 GB gives you the same as holding 1.6 BTC:
1 GB -> 0.1 GB
1.6 BTC -> 1.6 * 0.0625 = 0.1 GB
This is one of the nice things about being an early adopter.

Chat with the bot to check the current status or link new Bitcoin addresses and don't forget to move your Bitcoins and Bytes to the linked addresses before the February Full Moon.