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141  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: February 04, 2017, 03:20:54 PM
sooner or later, byteball will become a top10 coin.
just need some exchange platform to support.

when i post, byteball only have a 2000BTC marketcap, right now it's 9300BTC.


so still a long way to go until byteball reach top 10 coin.

3 projects in 2017:
Byteball/Qtum/Elastic

(1) Byteball: DAG
(2)Qtum:Bitcoin+EVM+POS3.0
(3)Elastic is better than Golem
142  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer on: February 01, 2017, 12:49:31 PM
Will this coin be pure POS, POW, or hybrid? It looks interesting, waiting for the main net launches.

POW, you can contribute your cpu or gpu resource to earn XEL token.
143  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer on: February 01, 2017, 11:04:39 AM
so what's the final decision on supernode?

thank you
144  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Qtum] UTXO based POS Smart Contract Platform|On Coindesk & Bitcoinmagazine on: January 29, 2017, 03:44:51 AM
any source code updates?
145  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Qtum] UTXO based POS Smart Contract Platform|On Coindesk & Bitcoinmagazine on: January 28, 2017, 04:11:35 PM
since Qtum is mainly based on bitcoin source code... so it's a more stable smart contract platform?
146  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer on: January 28, 2017, 02:39:45 AM
got some good news from Chinese exchange platform, one of the biggest altcoin exchange may list XEL later.  Wink
do not ask me for the evidence. i will not share with you.
147  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer on: January 28, 2017, 02:19:18 AM
What we talked about recently in private was to out-source verification to a subset of nodes, so-called supernodes which have a very potent hardware and which just sign off POW packages and bounties. I thought it might be possible to use such scheme:

- Work may use up to 5 GIG of memory
- Work may take up to 10 seconds to verify
- Verification is only performed by supernodes
- Supernodes deposit an amount of 300,000 XEL and earn x% of all work they confirm
- If a supernode behaves maliciously (when it can be proven that a result was accepted while it's bad) the 300,000 XEL are gone
- Supernodes must be permanently online and have very decent hardware
- If supernodes decide to stop, they have to wait for 1000 blocks without verifying anything to unlock the 300,000 XEL deposit.
- Problem: Malicious billionaire supernodes that do not care about money, and the danger of ending up with no supernodes at all.

This is a change I can make in one weekend, it's just the question if we want it or if we can come up with something better?

I have been brainstorming last night and I think we should also introduce guard nodes.

So we have normal nodes (they just broadcast unverified POW/bounties)
Then we have super nodes who do the verification work and broadcast the verified POW/bounties
And then we have guard nodes who cross verify a certain percentage of the super node signed POW/bounties to detect malicious behavior

This way we do not even need to hard fork when we add new features / other work types later on since the supernode-signature-verification will remain the same!

I have a question/suggestion on this... It might be stupid, might be not.

My question is: why do we require those 300K XEL to be locked on Supernode account?

Can we made it the way any node can become Supernode if it provably has the needed processing resources (this can be checked by node software).
It doesn't need to have any balance, but it can earn XEL for work verification. That way the problem N2 is solved - there always be many powerful nodes who are ready to do the verification work for money, with zero entry barrier.
To resolve the main problem N1 (billionaire thing) and also to be able to not require 300K XEL locked, can't the network accept the work only after it is verified by about 10 randomly chosen nodes, and accept it only if all of them have confirmed it? The malicious nodes can be detected and maybe blacklisted that way (automatically, but not permanently). So there are no special guard nodes are needed in such case.

EK, I know this suggestion could be completely off-base, but just it would be interesting to listen what you think Smiley



supernode is a little similar as masternode(dashcoin) and the inspect node in peercoin.
and Casper protocol is also trying to do security deposit by using the game theory.
but a low barrier is always good for the network.
for long term, who will be XEL customers?
also any smart contract ability in the future?
thank you
148  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer on: January 28, 2017, 02:05:50 AM
4 days left!

you mean mainnet release?
 Wink
149  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: January 28, 2017, 01:46:10 AM
You see, I do not even notice you around or care about you at all.  Kiss

I expected this.

Guys, watch your back when he is near you. Better be safe than sorry.

EDIT: I added a trust rating to him, just in case.

so satoshi is back? Smiley
should be careful with this.
150  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: January 26, 2017, 08:39:15 AM
how about bittrex?
also we do need more exchange platform.
151  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer on: January 26, 2017, 08:37:05 AM
XEL is better than golem for sure. Grin

3 projects in 2017: XEL/Byteball/Qtum
152  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Elastic (XEL) Price Speculation on: January 26, 2017, 08:29:17 AM
XEL is much better than golem.
153  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Qtum] UTXO based POS Smart Contract Platform|On Coindesk & Bitcoinmagazine on: January 26, 2017, 08:23:40 AM
so basically this is a more secure and stable smart contract platform?

154  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer on: January 25, 2017, 09:28:46 AM
XEL  get more progress than golem.
155  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer on: January 23, 2017, 05:44:54 PM
14   Golem Golem   26,907 BTC   0.00003281 BTC   820,000,000 GNT *   94 BTC   34.17%   

so XEL will become bigger than this. Smiley
156  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer on: January 21, 2017, 01:45:53 PM
elastic will become better than golem for sure.
157  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Qtum] UTXO based POS Smart Contract Platform|On Coindesk & Bitcoinmagazine on: January 20, 2017, 11:56:09 AM
any privacy on Qtum blockchain?
also seems ethereum is trying to integrate with zcash protocol, any similar plan for Qtum?

thank you very much.
158  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer on: January 20, 2017, 11:40:19 AM
PR is also important,otherwise it's a pity.
so many great technology been ignored by history..
159  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: January 20, 2017, 11:37:25 AM
sooner or later, byteball will become a top10 coin.
just need some exchange platform to support.
160  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: January 20, 2017, 11:33:31 AM
Why limit distribution to bitcoin hodlers?

Admit it, many of us have altcoin portfolios  Wink...Why not distribute to holders of top 100 coins?

87% dominate Bitcoin against Altcoins! I think, you would hit 100 times the same investors. Big whales in ETH are the same like big whales in XEM or Monero.

So...PLEASE NOOOOOOOO....

Greetz
Exactly.

But to move out of cryptocoins means touching the ugly visa/mastercard if you allow people to "pre-buy" bytes.

Facebook app and/or recaptcha like "work for bytes" incentive could be something to reach audiences outside of cryptocoin forums.

Idea to "work for bytes" is interesting. Anything should ideally be got by proving some work, but not just for free Smiley
Moving out of crypto community sounds very good, but would be hard for now. Even in crypto there are so many noobs with all kinds of weird questions.

A have another idea! If we are not afraid of noobs, bytes could be traded for Pokemons, or for proof of Pokemon ownership  Grin Grin


linking with btc is like the "work for bytes" for "work for bytes". linking for dollar would be nicer $$$ at the end of the day i prefer BTC lol


Any time for getting ByteBalls on bittrex, besides c-cex initiative?

On c-cex are 100 coins listed not worth to be together with BB. Its not an Altcoin. Its a protocol standard as ripple, in my eyes.
not ripple
but some new kind, first of this kind.
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