I wonder if this price decline is not excacerbated by Tony himself.

How are the costs of running the project covered? We see some people hired so there are wages to pay.
The project has no revenue streams so the only conclusion is that the costs are covered by selling the remaining stash of GB. As the coin cap is very small and liquidity almost non-existent any sells by Tony drive the price down heavily.

There's still 27% of all GB to be dumped so there's still plenty of room to go down.
I wonder if the project will not die off after no more GB are left to sell.
It will be a moment of reckoning for the project.

In the meantime all time low reached yesterday: 0.00178 BTC per GB.

Buy when there's blood on the street?
Or harbinger of further decline?

Talking to tarmo888 is a waste of time. There's zero chance he will change his mind. It has never happened before and it will never happen. The only thing that always happens is a toxic discussion, name calling and eventually invectives. It always happened before and will always happen. With anybody trying. Again. And again. No matter the arguments you will come up with. It's better to spend your time on something more enjoyable. You can send me 2 cents for saving you time and preventing debilitating frustration.

In the meantime 800 GB ($16000) is spent every month on a silly lottery. Makes perfect sense, isn't it?

And then who gets what?

What are the rules for these supposed rewards?

I think translators of the wallet app should be rewarded for their work. They spend time working and allow users to operate wallet in native languages which brings value to the network. Alas they get nothing in return. Instead funds are spent on random people with lottery.

The wallet app is translated 100% in only 10 languages. Some incentive wouldn't hurt.

Price update.
The question: bull trap or trend reversal?

Price update. Hint - don't buy GBYTE yet.

I hope Obyte can't have negative value. Otherwise we won't see bottom at 0.

I'm referring to the EU eIDAS regulations: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2014.257.01.0073.01.ENG


All in all:

1. Only a qualified electronic signature has the same legal effect in EU as a handwritten signature.
2. Qualified electronic signature requires a qualified certificate issued by a qualified trust service provider which has to be put on the list by the EU Member State.

None of this is the case with Obyte which means that it's signatures are not legally binding.

Identification is not certification. You don't know what you are talking about, not me. My advise is for the Obyte development team to take legal consulting before spending months if not years on developing features that are supposed to work within the real world and legal system. And that's what this whole dead-end real ID Obyte feature is now. Waste of time and effort and the end result is devoid of any applicable significance.

The Obyte development is turned on its head. You develop features without anybody being interested in using it. You've got so many features already that nobody is using and you keep developing new ones which nobody will use.

The right way to do it:

1. Find a real world problem that you can solve with Obyte platform.
2. Find a real world company/platform/or anybody interested in implementing your solution to the real problem.
3. Take legal consulting if this will actually work.
4. Sign an agreement with the interested party.
5. Develop the feature.
6. Implement the feature.

This works until it doesn't. And then not so funny things happen:


See? The judge apparently is so ignorant as me. Or is this e-signing not so sure as you might think.

With Obyte wallet where the password is not mandatory it's just laughable.

If you read the article carefully you will find that in EU for e-signature to be valid and not dismissed by court:


There's no certification process of validity in Obyte so claiming that:


is equally laughable.

It sounds cool but it's not enforceable not only on DAG but in reality too. There's no law that recognizes "real ID verification" on Obyte and digital cryptographic signatures as equivalent to handwritten signature on paper. As long as the law does not change this feature is just a toy with no real world application.

Funny thing: how can anyone be sure that anything signed on Obyte platform (including signatures from real world verified IDs) have been performed by the person that owns the ID? It may well be my girlfriend that took to my laptop when I was in a bathroom and forgot to lock the screen with Obyte wallet left open (password is still optional in Obyte wallet, right? Ooops.) That's the problem with digital signatures. Handwritten signature is oldschool but at least nobody can do it for me.

Otherwise it would have already been implemented in different ways in many industries. But it didn't. Human notaries are fine and will be for a very long time.

Or how about dead people? Who will terminate their verified ID's on Obyte when they die? Nobody? So anyone who has password and a wallet of a dead person can still sign anything as if that person is still alive?

How about lost/stolen/hacked wallets? How anybody can terminate their own verified ID on Obyte when somebody looses password/wallet/ or is hacked etc.? Will Obyte have some kind of customer service 24/7 hotline to terminate compromised IDs?

It doesn't matter anymore. Byteball is renamed to Obyte and we have to live with that. Only time will tell if this change will have any impact.

But such name wouldn't win in the voting process. I don't think that the majority of the community would vote for such a stupid name. That's the point of voting - get rid of bad things that people don't like and see what people like.

The first thing that I thought about when seeing "Obyte" was: "What "O" stands for? Many people will ask themselves this question and nobody will have the answer because it apparently doesn't mean anything.

Honestly I'm not impressed because of this obsession with "byte" name. It would be better to come up with a more original name. This "byte" thing is pretty popular word and a number of cryptocurrencies already use it:






And now Obyte is supposed to catch people's attention? Nah.

The project is run too much like a company with Tony as CEO hiring some people for some positions and all important decisions are made with no feedback from community whatsoever. It's all behind the scenes during "board meetings" and community is just graciously struck with a "decision".

How about doing it this way:


 Wouldn't that be a cool way to do it? Of course it would be. But instead we have this kind of "I'm in charge and I will decide" way of doing things. And here we are with another "Byte" cryptocurrency...

If Byteball starts charging users for its features it's doomed. I don't see mass adoption when a platform feature costs 60 USD. This is a suicide from the adoption point of view and clearly a shot in the foot. I think it will fail miserably.

First Byteball distributes funds for free to users.  When funds begin to dry out it starts to charge users for its features.

Can't understand what Tony is saying. Too noisy place for an interwiew
Turning on auto captions helps a lot fortunately.