Token - Revision history

Slackjore: updated name

2019-01-21T17:48:33Z

updated name

Slackjore: updated name

2019-01-20T20:07:34Z

updated name

Punqtured: 11 revisions imported

2019-01-19T22:20:16Z

11 revisions imported

Slackjore: renamed Social Token to Personal Token, and created Social Tokens as basically Family Tokens for grown-ups

2018-04-26T20:01:36Z

renamed Social Token to Personal Token, and created Social Tokens as basically Family Tokens for grown-ups

Slackjore: /* Other cases */ reworded

2018-04-13T09:30:11Z

‎Other cases: reworded

Slackjore: /* Other cases */ added 2 words

2018-04-12T13:02:39Z

‎Other cases: added 2 words

Slackjore: added a section on rapid distribution

2018-04-12T12:55:13Z

added a section on rapid distribution

Slackjore: /* Why use tokens? */ added wikilinks

2018-04-05T15:33:09Z

‎Why use tokens?: added wikilinks

Slackjore: /* Why use tokens? */ added some reasons

2018-04-05T15:21:15Z

‎Why use tokens?: added some reasons

Slackjore: /* Why use tokens? */ typos

2018-04-05T14:07:00Z

‎Why use tokens?: typos

@@ Line 13: / Line 13: @@
 *'''Certainty of transaction:''' Like any cryptocurrency, sending any token(s) to an address is irrevocable.
 *'''Verifiability:''' There's no way one can counterfeit a real platform token. Similarly, the correct token is easy to recognize in the community using it.
-*'''Programmable use:''' At a minimum, one's token can be used with Byteball's default [[Chatbot|bots]], smart contracts and [[Oracle#Personal_oracles|personal oracles]], not merely sent and received.
+*'''Programmable use:''' At a minimum, one's token can be used with Obyte's's default [[Chatbot|bots]], smart contracts and [[Oracle#Personal_oracles|personal oracles]], not merely sent and received.
 *'''High-tech:''' For optics, if that is important to you. It all looks cutting-edge, rather than 20th Century or even earlier.
@@ Line 32: / Line 32: @@
 ===Commercial tokens===
-[[Commercial tokens]] on the Byteball platform would be used by businesses in a local community. They function in the same way as discount or rebate coupons, usually distributed in print either separately or on a newspaper page; online to be printed out at home by the consumer; or sent directly to a consumer's mobile phone.
+[[Commercial tokens]] on the Obyte platform would be used by businesses in a local community. They function in the same way as discount or rebate coupons, usually distributed in print either separately or on a newspaper page; online to be printed out at home by the consumer; or sent directly to a consumer's mobile phone.
 ==Rapid distribution==
@@ Line 47: / Line 47: @@
 ===Other cases===
-The principle is the same for any gathering. At a meet-up, maybe the Byteball guy expects to distribute 999 Tangos and 100,000 Bytes to each of 15 people, 30 transactions in all. So he will need to send to his funding wallet:
+The principle is the same for any gathering. At a meet-up, maybe the Obyte guy expects to distribute 999 Tangos and 100,000 Bytes to each of 15 people, 30 transactions in all. So he will need to send to his funding wallet:
 *A multi-address transaction of 15x 999 Tangos
 *A multi-address transaction of 30x 101,000 Bytes to cover 30 transaction fees and 15 100,000-Byte payloads

@@ Line 1: / Line 1: @@
-'''"Asset" in financial community = "token" in non-financial community.''' The words '''asset, coin, currency''' and '''token''' are all synonymous here to some extent, in that each refers to funds on the Byteball platform.
+'''"Asset" in financial community = "token" in non-financial community.''' The words '''asset, coin, currency''' and '''token''' are all synonymous here to some extent, in that each refers to funds on the Obyte platform.
 There is much covered in the [[Asset]] article that also applies to tokens, such as creating and naming them. This article's emphasis is on tokens with zero or tiny monetary value, rather than those used more financially.
@@ Line 5: / Line 5: @@
 ==Why use tokens?==
-What advantages do Byteball tokens have over existing systems, like paper notes, plastic tokens, "indelible" ink on a user's skin (think a rock concert pass)?
+What advantages do Obyte tokens have over existing systems, like paper notes, plastic tokens, "indelible" ink on a user's skin (think a rock concert pass)?
 *'''Ease of creation:''' Anyone can [[Asset#Byteball_Asset_Manager|create]] as many identical tokens as needed, at low cost, without a long learning curve, with no third-party permission needed.
@@ Line 17: / Line 17: @@
 ==Token types==
-There are five main token types in Byteball. Each is created and named/registered in the same way, but they have different uses. There are also tokens made with no purpose in mind deeper than simply making them.
+There are five main token types in Obyte. Each is created and named/registered in the same way, but they have different uses. There are also tokens made with no purpose in mind deeper than simply making them.
 ===Fun-coins===
-[[Fun-coins]] deliberately have zero monetary value because they exist in vast quantity. They are intended mainly for practice with smart contracts, [[textcoin]]s, or other Byteball features, where it doesn't matter if you mess up and lose them somehow.
+[[Fun-coins]] deliberately have zero monetary value because they exist in vast quantity. They are intended mainly for practice with smart contracts, [[textcoin]]s, or other Obyte features, where it doesn't matter if you mess up and lose them somehow.
 ===Family tokens===
@@ Line 26: / Line 26: @@
 ===Social tokens===
-[[Social tokens]] use either a single token or a very small number. The Social Tokens system is basically Family Tokens for grown-ups.
+[[Social tokens]] use either a single token or a very small number. The Social Tokens system is basically Family Tokens for grown-ups. As with Family Tokens, the general idea is to improve the group by rewarding good behaviour, both individually and in groups.
 ===Personal tokens===
@@ Line 55: / Line 54: @@
 ==Grass roots==
-Byteball adoption will always be helped by one Byteball fan '''using''' the platform tokens (Fun-coins, Family Tokens, Social Tokens, Commercial Tokens) etc with their friends and family, and not just sitting on their GBytes wishing the price would go up more.
+Obyte adoption will always be helped by one Obyte fan '''using''' the platform tokens (Fun-coins, Family Tokens, Social Tokens, Commercial Tokens) etc with their friends and family, and not just sitting on their GBytes wishing the price would go up more.
 ==See also==

@@ Line 17: / Line 17: @@
 ==Token types==
-There are four main token types in Byteball. Each is created and named/registered in the same way, but they have different uses. There are also tokens made with no purpose in mind deeper than simply making them.
+There are five main token types in Byteball. Each is created and named/registered in the same way, but they have different uses. There are also tokens made with no purpose in mind deeper than simply making them.
 ===Fun-coins===
@@ Line 26: / Line 26: @@
 ===Social tokens===
-[[File:Social-tokens-1.jpg|thumb]] [[Social tokens]] are intended for use in a local community, maybe a high school or club, where the people involved tend to know each other. These are tokens backed by real-world goods and services that the issuer will provide on demand. The issuer should honour his or her token, whoever presents it for payment.
+[[Social tokens]] use either a single token or a very small number. The Social Tokens system is basically Family Tokens for grown-ups.
 ===Commercial tokens===

@@ Line 44: / Line 44: @@
 ===Other cases===
-The principle is the same for any gathering. At a meet-up, maybe the Byteball guy expects to distribute 999 Tangos and 100,000 Bytes to each of 15 people. So he will need to send to his funding wallet:
+The principle is the same for any gathering. At a meet-up, maybe the Byteball guy expects to distribute 999 Tangos and 100,000 Bytes to each of 15 people, 30 transactions in all. So he will need to send to his funding wallet:
 *A multi-address transaction of 15x 999 Tangos
-*A multi-address transaction of 30x 100,000 Bytes
+*A multi-address transaction of 30x 101,000 Bytes to cover 30 transaction fees and 15 100,000-Byte payloads
-The 30x 100,000 Bytes is for safety. It should be possible to have 15x 100,000 Bytes and 15x 1000 Bytes for the transaction fees, but if the wallet gathers together all 15 1000-Byte inputs to make up part of one 100,000 Byte transaction then one's plan will fail.
+The 30x 101,000 Bytes is for safety. It should be possible to have 15x 100,000 Bytes for the Byte payloads and 30x 1000 Bytes for the transaction fees, but if the wallet gathers together all 30 1000-Byte inputs to make up part of one 100,000 Byte transaction then one's plan will fail.
 ==Grass roots==

@@ Line 44: / Line 44: @@
 ===Other cases===
-The principle is the same for any gathering. At a meet-up, maybe the Byteball guy expects to distribute 999 Tangos and 100,000 Bytes to 15 people. So he will need to send to his funding wallet:
+The principle is the same for any gathering. At a meet-up, maybe the Byteball guy expects to distribute 999 Tangos and 100,000 Bytes to each of 15 people. So he will need to send to his funding wallet:
 *A multi-address transaction of 15x 999 Tangos
 *A multi-address transaction of 30x 100,000 Bytes

← Older revision	Revision as of 22:20, 19 January 2019
(No difference)

@@ Line 7: / Line 7: @@
 What advantages do Byteball tokens have over existing systems, like paper notes, plastic tokens, "indelible" ink on a user's skin (think a rock concert pass)?
-*'''Ease of creation:''' Anyone can create as many identical tokens as needed, at low cost, without a long learning curve, with no third-party permission needed.
+*'''Ease of creation:''' Anyone can [[Asset#Byteball_Asset_Manager|create]] as many identical tokens as needed, at low cost, without a long learning curve, with no third-party permission needed.
 *'''Ease of use:''' At least, in a community where people normally carry and use smartphones. This includes '''remote''' use, not simply face-to-face. All "payees" can be kept in the wallet's "address book" for one-click availability.
 *'''Transparent use:''' The token creation, and all token movements/transactions can be seen by anyone in Explorer.
-*'''Documented use:''' Your wallet's history records the exact times and amounts of all your token transactions.
+*'''Documented use:''' Your wallet's [[Tab#History|history]] records the exact times and amounts of all your token transactions.
 *'''Certainty of transaction:''' Like any cryptocurrency, sending any token(s) to an address is irrevocable.
 *'''Impossible to counterfeit:''' There's no way one can fake a real platform token. Similarly, the correct token is easy to recognize in the community using it.
-*'''High-tech:''' For optics, it just '''looks''' cutting-edge, rather than 20th Century or even earlier.
+*'''Programmable use:''' At a minimum, one's token can be used with Byteball's default [[Chatbot|bots]], smart contracts and [[Oracle#Personal_oracles|personal oracles]], not merely sent and received.
-*'''Programmable use:''' At a minimum, one's token can be used with Byteball's default bots and smart contracts, not merely sent and received.
+*'''High-tech:''' For optics, if that is important to you. It all looks cutting-edge, rather than 20th Century or even earlier.
 ==Token types==