Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
tarmo888
on 21/02/2019, 13:25:58 UTC
Been a while since I've actually used Byteball. Just wondering if there are any use or markets yet for Blackbytes.

I remember there used to be a service which traded Blackbytes for regular GBytes at a 2% ratio or so. Wondering if that still exists.

I think I tried sending Blackbytes in the past but got some error, for some reason they can't be sent like regular Bytes and need to be sent a special way. Is there some tutorial which discusses on how to send these Blackbytes?


Not sure what you mean by markets, but if you mean centralized exchanges like Coinbase, Bittrex or Binance then thank god there is none. Blackbytes should always be sent P2P without middleman, otherwise one entity could start tracking who sent coins to who when the same coins end up back to that entity. Blackbytes are not great for speculative trading because their history grows as it changes hands. Blackbytes should be used for privacy, not for speculative trading. Read more Tony's original idea before it was launched https://bitcointalk.org/index.php?topic=1574508.0

Blackbytes had BEEB bot and Freebe bot exchanges for quite some time, BEEB is closed now, but Freebe was recently bought by Marc de Mesel and is still alive https://www.reddit.com/r/CryptoCurrency/comments/adi3mh/whale_buys_anonymous_blackbytes_byteball_exchange/

Blackbytes are not sent from wallet address to wallet address, they are sent from device to device and that was possible to do only via Obyte chat by pairing 2 devices, but since June 23th 2018, Blackbytes can also be sent on any other messaging platform (just make sure it's end-to-end encrypted) as textcoins https://medium.com/obyte/private-textcoins-6a2288d80757