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Showing 19 of 19 results by friet
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Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 10/03/2019, 19:17:12 UTC
They are investors.
They put something into it and expects to get something in return.

But if your educated opinion says something else then okay.
Let's say they are users.

Replace "investors" in my previous post that made you making off-topic with "investors and users".

Does it solve your naming problem?
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Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 10/03/2019, 18:52:02 UTC
Doesn't your educated opinion say that these:
- witnesses
-"developers and businesses who build more stuff using Obyte as a platform"
are investors ?

Are they hobbists?
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Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 10/03/2019, 18:33:38 UTC
If no investors nothing will help. Even hard fork will not help.

Does your educated opinion say something else?
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Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 10/03/2019, 18:15:45 UTC
It's very difficult to compete with other currencies. If no investors shows up this project is dead.
You should be bothered about this.
Not about that:
"there is more likely they will bail on you if there is no financial gain"

You create problem: "How to get witnesses? How to convince them they will benefit from byteball?"
You understand that this is one more problem that you create?

Instead of focusing on getting investors and compete with other cryptocurrencies you prefer to focus on solving problems that you create.
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Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 10/03/2019, 16:59:01 UTC
Can you tell me what are the future plans for this coin to grow in value ?

There are no plans for this coin to grow in value.

There are only plans to prevent it from growing.

It could grow in value if witnesses are replaced. Witnesses would be replaced if they could get percentage of every transfer.
But byteball does not look for such witnesses. That prevents the coin from growing.

Another thing that prevents it from growing is that stupid fixed fee.

But these people who are not business oriented cannot understand that byteball with its stupid rules like:
"fee is fixed because it's the same as data size of transaction"
"byteball is not looking for such witnesses"
is less attractive to investors. The competition is very tough and you cannot have such a drawbacks. You cannot win with drawbacks. If real investors do not show up then byteball will run out of money and it's done.

And who is that byteball who does not look for such witnesses?
What kind of witness does byteball look for?
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Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 08/03/2019, 10:40:08 UTC
Oh yes.

Thank you for that remark.
we will do better so that our discussion is not boring to you.
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Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 22:22:34 UTC
I'm not gonna explain it to you if I don't know what exactly you do not understand.
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Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 20:53:17 UTC
I don't get your problem.

What is so complex about giving witness percentage fee that you cannot understand?
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Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 20:06:58 UTC
I gave you solution to distribute the witnesses.

percentage fee
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Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 19:05:21 UTC
Yeah, and not true holders like those who think about equivalent in fiat money do not contribute to price of obyte. We dont want them. Keep pushing that bullshit.

Only money from true holders make difference. So before you buy please become true holder. Otherwise it is useless.
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Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 17:41:00 UTC
You cannot wait and see what happens because it is gamble. Investors do not like gamble.

Let say you wait until fee is enormous and then apply solution x.

Investors know that there will be solution x. But they don't know if they will like that solution. How they can invest if they don't know?
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Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 16:39:47 UTC
If the fee to make a transaction to buy a pen is too high then clearly Obyte becomes less valuable to use.
Less valuable but enough less valuable to buy pen?

So whats the reason it is not a problem? Is that reason 'market decide' or is that reason 'second layer solution' or is that reason 'it is not gonna happen than gbyte will be worth so much' ?

If 'market decide' is a reason why fixed fee is not a problem why you are talking about solutions? We don't need any solution if what you are saying is correct. What solution you want for?
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Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 16:17:50 UTC
Fee in % cannot be low?
Not getting you about different fees?

But you understand that sometimes something cost 10 gbytes and sometimes 1gbyte? Or that you dont understand also?
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Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 16:04:43 UTC
Men,
Oh yes...
So let every user of byteball estimate what they want to buy in the next 10 years and let them buy gbytes for the coming 10 years. If this is how it is supposed to be used then I don't think so it is usable. 

You don't consider you just got your salary and want to buy a pen? What fee will you accept?
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Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 15:29:39 UTC
What fee could you accept in $?
Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 14:57:53 UTC
It will help to replace witnesses and decentralize the coin.

Market does not 'decide'. Market does not do any decision.
What fee in $ would you accept? And how do you know it is not lower than market 'decide'
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Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 14:30:30 UTC
Why not to do such a change now?

Why not to have % fee and give it to witnesses?
This could help obyte to grow.
Post
Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 13:37:02 UTC
Guys,
It does not add up.
If developers have so much power so that they can change protocol then it is shitcoin.

Keeping it fixed does not add up also.
At what level of price 'people will want to use it again' ?
Can you tell?
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Topic
Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
friet
on 07/03/2019, 13:02:06 UTC
Why the fee is fixed?
Currently it is so low so that it is not attractive to be witness.

If obyte price increases enough it will be so high so that it will not be attractive to transfer value. If that happens there will be very little time if any to find a solution to that.

What solution do you have to this drawback?
Why you cannot have normal fee % of transaction that would be attractive to witnesses and users instead tou have fee that is attractive to both only in certain price value?