#byteball

Es droht eine harte Forke und es lockt ein Bitcoin-Bällebad 

Unter anderem infolge dieser Einzahlung bin ich im Besitz eines Bitcoin-Bruchteils, der, nachdem er jahrelang eher an Wert verloren hat, mittlerweile doch so vielen Euros entspricht, dass es sich lohnt, ein wenig darauf Acht zu geben.

Nun droht aktuell ein Schisma der Bitcoin-Gemeinde. Es geht dabei um Meinungsverschiedenheiten, wie die Bitcoin-Software in Zukunft mit dem steigenden Handelsvolumen umgehen soll. Sollte die Spaltung namens Hard Fork eintreten, dann gibt es im günstigsten Fall zwei Blockchains und man hat auf beiden ein Guthaben. Wahrscheinlicher ist, dass man sich für eine Fraktion wird entscheiden müssen und dass mindestens eines der Spaltprodukte in der Bedeutungslosigkeit versinkt.

Wenn man nicht aus ideologischen Gründen einer der zwei Fraktionen zuneigt, wird empfohlen, sein Guthaben nicht auf dem Konto bei einer Online-Handelsbörse sondern in einer Bitcoin-Wallet auf dem eigenen Rechner zu halten. So bestehe nicht die Gefahr, dass man an die Entscheidung dieser Handelsplattform für eine der Fraktionen gebunden ist. Nicht dass ich alle Einzelheiten verstanden hätte, aber dieser Hinweis erscheint mir sinnvoll.

Ich überweise also von meinem Konto bei der Handelsplattform Kraken an eine Bitcoin-Adresse, die ich mir zu diesem Zweck frisch generiere. Jederzeit eine frische Adresse für Transaktionen erzeugen zu können, ist eine der Funktionen einer Bitcoin-Wallet – eigentlich ein Programm auf dem Rechner oder eine App auf dem Smartphone.

Die Adresse trage ich also nun bei Kraken als Ziel meiner Bitcoin-Überweisung ein. Diese funktioniert ohne TANs, stattdessen wird mir eine Mail mit einem Bestätigungslink geschickt. Ich muss erstmal nachschauen, welche Mailadresse ich bei Kraken hinterlegt habe. Dann rufe ich das entsprechende Mail-Konto auf, finde aber erst nach einiger Zeit die Kraken-Mail im Spam-Ordner. Mittlerweile ist natürlich der Bestätigungslink nicht mehr gültig.

Ich gebe also alle Transaktionsdaten erneut bei Kraken ein und diesmal fische ich die Mail rechtzeitig aus dem Spam. Anschließend kann ich live zuschauen, wie meine Bitcoin-Überweisung eintrifft und einige Minuten später auch als Teil der Blockchain endgültig bestätigt wird. Ich kann also jetzt in Ruhe abwarten, welches in Zukunft die erfolgreichere Blockchain sein wird. (Abgesehen davon, dass der Bitcoin-Kurs gerade stetig sinkt.)

Ein zusätzlicher Spaß besteht darin, dass man als Bitcoin-Inhaber jetzt auch eingeladen ist, bei Byteball mitzumischen. Dabei handelt es sich um eine weitere Crypto-Währung mit einer anderen Variante der Blockchain und einigen Zusatzfeatures. Diese Währung soll nicht durch Belohnung fürs Mining unters Volk gebracht werden sondern dadurch, dass ein Großteil der Coins, die Gigabytes und Blackbytes heißen, an Bitcoin-Inhaber verschenkt wird. Die weitere Verbreitung erfolgt dann durch Transaktionen und Handel.

Das Verfahren, mittels dessen man sich als Bitcoin-Inhaber registrieren lassen kann und dann seine Gigabytes und Blackbytes bekommt, ist – ähm – bemerkenswert.

Und zwar werden Bitcoin-Inhaber zu jedem Vollmond entsprechend ihrem Bitcoin-Guthaben mit Byteball-Coins beschenkt. Zum ersten Vollmond nach der Registrierung erhält man ein Basisguthaben, zu späteren jeweils eine Art Verzinsung. Unabhängig von diesen Terminen kann mit den Bytes natürlich auch gehandelt und bezahlt werden. Die Vergabe läuft wohl schon mehrere Monate und wird erst in einigen weiteren Monaten abgeschlossen sein.

Um sich dafür zu registrieren, muss man sich eine Byteball-App installieren – ich entscheide mich für die Windows-Desktop-Variante – und darin eine Byteball-Adresse anlegen. Anschließend kann man in der App einen Chatbot kontaktieren, der einem erläutert, wie das Bitcoin-Guthaben zu registrieren ist. 

Entweder man überweist von seiner Adresse einen winzigen Bitcoin-Betrag oder man signiert eine Nachricht, die aus einer zufälligen Zeichenfolge besteht, mit dem privaten Schlüssel der eigenen Bitcoin-Adresse. Daraufhin sagt einem das Byteball-System zu, dass beim nächsten Vollmond Bytes für das Guthaben auf dieser Adresse gutgeschrieben werden. Diese Gigabytes und Blackbytes sollten dann automatisch in der Byteball-Wallet landen.

Ich habe den zweiten Weg gewählt, also die vom Chatbot angezeigten Nummern kopiert, mittels meiner Bitcoin-Wallet signiert und die Ergebnisse wieder zurück in das Chatfenster gepastet. Jemand weiß nun, dass bestimmte Bitcoin-Adressen zusammengehören, dass sie noch benutzt werden und ungefähr in welcher Region. Und eventuell noch ein paar andere Metadaten, wie mein Betriebssystem, den Fingerabdruck meines Browsers und die hiesige Zeitzone. Soll mir recht sein, ich habe mich mit meinen Bitcoins an keinerlei fragwürdigen Aktivitäten wie Geldwäsche oder Drogenkauf beteiligt.

Am 7. August ist der nächste Vollmond und mal schauen, wie es Bitcoin bis dahin ergeht.

New Post has been published on https://cryptomoonity.com/first-decentralized-witness-candidate%e2%80%8a-%e2%80%8arogier-eijkelhof/

First Decentralized Witness Candidate — Rogier Eijkelhof

First Decentralized Witness Candidate — Rogier Eijkelhof

First Decentralized Witness Candidate — Rogier Eijkelhof

Rogier Eijkelhof from The Netherlands

This is the moment we’ve all been waiting for. After 22 months of all publicly known witnesses being operated by founder Tony Churyumoff, we have finally arrived at the point where the network is gradually going to be decentralized!

I am very pleased to introduce to you our first decentralized witness candidate: Rogier Eijkelhof from The Netherlands.

I urge you all to watch this video interview to get to know him better.

If you don’t have time to watch the whole interview Rogier also wrote a short summary of his crypto projects and his software company:

“Arnhem Bitcoincity is our project we started early 2014. We were enthusiastic about Bitcoin (or cryptocurrency in general, but that was mostly just Bitcoin back then) but there were very limited possibilities to actually use Bitcoin in practice. Our goal was to make Bitcoin more accepted, more accessible, and more used for every day payment purposes. In order to do so, we approached several business in Arnhem, The Netherlands (where we live) explained them about Bitcoin, and offered them a way to accept Bitcoin very easily.

And more importantly, free of charge or risk or volatility or investment or technical hassle. For this purpose, we developed BitKassa (more below), which started out as a Bitcoin payment processor. We wanted to make sure there was absolutely no barrier (technical, financial, practical, or otherwise) for any merchant to give Bitcoin a try.

We started with 15 merchants (mostly restaurants and pubs) and nowadays there are almost 120 shops, businesses, and other places here in Arnhem that accept Bitcoin. In May 2019 we will celebrate the 5th anniversary of Arnhem Bitcoincity!”

“BitKassa is our Bitcoin payment processing service. We started this mainly as a tool for merchants, to make it as easy as possible for them to accept Bitcoin. Using BitKassa is really a no-brainer, it was developed with the goal to allow any employee of any business with any random internet device (phone, tablet, laptop, whatever) to accept Bitcoin immediately.

Whenever a customer wants to pay with Bitcoin, the merchant (or their employee at the cash register) simplify specifies the amount in euros. The customer is charged the equivalent amount in Bitcoin (based on current market price, we add zero fee, this is a free service) and as soon as the customer sends the bitcoins, we convert it to euros and the merchant receives the amount on their bank account.

Of course we try to stimulate merchants to actually not convert the bitcoins to euros, but just keep the bitcoins instead. Fortunately, more and more merchants are doing so. Our ultimate goal would be for merchants not to depend on services like BitKassa anymore, as they could simply have their own wallet and customers can pay to the merchant’s wallet directly. But that’s obviously a slow process and probably something further down the road. For now we are still in an early adoption / migration phase, where a service like this can help people to make the switch and give crypto a try.

Besides the payment processing service, we later also added a broker service where anyone can directly buy or sell bitcoins. Unlike the payment processing service, this broker service is not free, we charge a small commission rate (currently 1%). This currently generates some income which helps us keeping the payment processing service free.

Note that so far we have been doing Bitcoin only, but obviously we are looking at other crypto currencies as well.”

“BenVista is my main business (I co-own the company) and my regular day job. It’s not crypto related, we mainly develop desktop software for digital photography and imaging processing, both stand-alone applications as well as Photoshop plug-ins. We started this business in 2005 with four people (currently we’re with five) and we sell our software through our own webshop as well as through distributors and resellers throughout the world.

We mostly sell niche-products, our flagship application is a patented enlargement/interpolation technique which I developed many years ago and improved over time, and we have built several other graphics applications, plug-ins, and filter packages. Our typical customers are photography enthusiasts, graphics editors, web designers, studios and publishers.”

I still urge you to watch the video interview though 🙂

Rogier also made a pledge to run his Byteball node 24/7 and have it consistently issue new units from his witness address.

A quote from his pledge:

“I have been enthusiastically involved with Byteball almost since its beginning, I strongly believe in its technology, and think compared to other cryptocurrencies it offers a unique solution to the decentralization and consensus problem. Becoming a witness is part of my contribution to make Byteball a success, and hopefully results in more decentralization, increased acceptance, public awareness and recognition, a larger user base, and growing overall usage worldwide.”

You can read the full text here, here, here or here (several copies in case any provider goes out of business).

SHA256 checksum of this PDF is 9ca386373c0c2c2de1bbdebbb25431889dfa6acf19dd59b82f616a6d99f57dd0 (Proof in the Byteball DAG)

Changing the witness list to include Rogier

Like what you see? Then take action now! You can edit your Byteball wallet settings to start using Rogier as a witness.

To do so, open your Byteball wallet, click on the hamburger menu, go to settings and under “TRUSTED NODES” click on “Witnesses”

Then flip the switch to disable auto-update from hub and click on the following address:

JEDZYC2HMGDBIDQKG3XSTXUSHMCBK725 (explorer)

Replace it with Rogier’s witness address, which is:

4GDZSXHEFVFMHCUCSHZVXBVF5T2LJHMU (explorer)

And you’re done 🙂

Progress

A small step for you, a huge step for Byteball. Tony will add Rogier’s address to the default witness list once enough users actively change their witness list to include Rogier’s address and community feedback is mostly positive. Hopefully sooner rather than later. He does operate all other witnesses still, so he has the power to do that. Then we will have finished step 1 in the decentralization process of Byteball.

I’m not waiting till that day though, I’m opening a bottle of champagne today. I am very happy this is now finally happening and I’m sure a lot of you are as well. Cheers!

One swallow doesn’t make a summer

Of course we’re not stopping here, we have a few more candidates lined up for you. We’ll introduce them to you over the coming weeks and months. Or, if Rogier’s story inspired you, maybe you want to become a witness yourself, please contact us and we’ll talk about it.

Doubts?

Not convinced Rogier is a good candidate? Got the feeling that not enough information was shared and you have more questions before you want to make the switch? Please leave your comments and questions below and we will try to address all of them to the best of our ability.

First Decentralized Witness Candidate — Rogier Eijkelhof was originally published in Byteball on Medium, where people are continuing the conversation by highlighting and responding to this story.

Source

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New Post has been published on https://cryptomoonity.com/introducing-smart-vouchers-a-new-way-to-earn-referral-rewards-by-sending-bytes-to-new-users/

Introducing Smart Vouchers: A New Way To Earn Referral Rewards By Sending Bytes To New Users

Introducing Smart Vouchers: A New Way To Earn Referral Rewards By Sending Bytes To New Users

Puzzled as to why your social circle doesn’t ‘get’ distributed ledger technology? Well today we are releasing a new tool to help increase the number of people in your social circle that ‘get’ it!

Get paid to send Bytes

You can now earn money for introducing new people to the Byteball network. The money is a reward for your time and effort introducing new users.

Smart Vouchers are like bank deposits that accrue referral rewards

Although many in the distributed ledger world are frustrated with aspects of banking systems, their existence helps explain how our Smart Vouchers work.

Think of a bank account. You deposit some Bytes on the account (Smart Voucher). You put them to work paying for new users attestations, and you earn the referral rewards, which get added back to your Smart Voucher. You can withdraw your money from the Smart Voucher at any time, or you can add more to scale out.

How Smart Vouchers work

You are paid for referring new users to the Byteball network, and new users are also paid for joining. That’s the basic premise. At first glance, the graphic below may seem a bit complex. Remember the basic premise though and follow the below steps.

The steps:

1: You as a Sponsor fund a Smart Voucher with at least $8 of Bytes. Let’s say you deposited $40 to the Smart Voucher to be able to fund 5 attestations at the same time.

2: The Smart Voucher code is automatically created, it’s just a sequence of letters and digits that looks like VMJKYJGE3RUMT. You can now share it with whoever you feel like: a friend, colleague, family member, readers of your blog, viewers of your YouTube channel — you get the idea.

3: Let’s say you share it with your brother Ben (referred user). He can then use that code instead of paying the $8 fee for a Real Name Attestation (to prove he really is Ben and not a robot trying to game the system). For Ben, the Smart Voucher acts like a discount code, or a coupon, that entitles him to a 100% discount on real name attestation.

4: The Real Name Attestation Bot accepts the Smart Voucher, and withdraws the $8 fee from the Smart Voucher to pay for the attestation.

5: If Ben’s attestation is successful, his $20 attestation reward is split in two. $12 is sent to a smart contract on Ben’s wallet. He can withdraw that amount 1 year later.

6: The other part of the attestation reward is a $8 reward. This part gets returned to your Voucher to reimburse you for the price of the successful attestation. You also receive a $20 referral reward. This gets sent to the same Smart Voucher and its entire balance ($60 in this example) can now be used to fund new attestation fees.

7: You (the Sponsor) can withdraw the amount you initially deposited directly to your wallet (but not exceeding the Smart Voucher balance). The Smart Voucher balance exceeding what you deposited to it (that is, your net earnings) can be withdrawn to a time locked Smart Contract from which it can be withdrawn after 1 year. The smart contract is automatically created by the bot when it is first withdrawn to.

How much can you expect to earn?

You might be wondering what ROI you can expect as a Sponsor. Let’s assume that only 50% of your referrals successfully complete the attestation and earn you referral rewards. The other 50% just spend the $8 attestation price from your Smart Voucher and earn you nothing (the historical success rate is significantly better at 77% based on the almost 20,000 real name attestations completed so far).

This means that you spend $16 on average per successful attestation, which yields you $8 reimbursement plus $20 referral reward, so $28 in total. Your net profit is therefore $28-$16=$12, which is a 75% ROI on the initially invested $16.

Important things to remember

The Sponsor himself must be verified prior to creating a Smart Voucher.

Restoring a wallet from seed will not bring back access to the contract. So make sure to do a full backup every time a new smart contract is created on your wallet.

Smart Voucher balance is tracked in Bytes, not USD, and is therefore subject to cryptocurrency rate fluctuations. For the best user experience, deposit to the Voucher more than $8 (or more than 8 times the number of attestation attempts you wish to fund).

Byteball rewards new users that join the network. Therefore, referral rewards don’t get paid if an attestation is performed from a device that was previously used to attest another person, as this isn’t considered a new Byteball user. A referral is getting a second person to install the Byteball wallet on his own device (smartphone or computer) and doing an attestation from that device/wallet, using the Smart Voucher received from the first person.

We know the above might look rather confusing, but the best way to see how it works is to try it!

Sponsor protection

By default a Smart Voucher can be used by the same user at most twice to try to attest their identity. The sponsor can change the maximum number of attempts if they wish (type “help” in chat to see all the available commands that manage your vouchers). Attestation attempts are tracked by the user’s device address, and the limit is in place to protect the voucher from being drained by repeated failed attestation attempts by the same user. If you are unfamiliar with Byteball identity attestations you can read about them here.

A network with a large subset of verified users

This new distribution method allows us to grow the network much faster than before by leveraging existing social and business links. The average person (at least in the USA) is conservatively estimated to know to some extent several hundred people, so the potential network effect of this distribution is greater than previous ones. Further, we are encouraging users to use real names to help build a network with a large subset of verified users.

Private transactions certainly have their place, but in the real world the vast majority of transactions are not conducted in private. In most real world transactions, the seller’s identity, or both the seller’s and the buyer’s identity are known to each other.

Real world identities help build trust, and when they are brought online through real name attestation, they become much easier to use. In case an ICO wants you to verify your real world identity before buying their token, they can do it, easily. Nous platform ICO is already doing it. Should a gambling service want to restrict the age of its users to stay compliant, they can do it, and you don’t have to disclose all the details of your ID when only age is required. You want to know the identity of those who use BIoT and streaming payments to rent your car or apartment, just in case? You can do it.

We encourage application developers to find use cases and build apps that leverage the secure online identity, a Grants program is in place to help fund the development.

Introducing Smart Vouchers: A New Way To Earn Referral Rewards By Sending Bytes To New Users was originally published in Byteball on Medium, where people are continuing the conversation by highlighting and responding to this story.

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