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181  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 26, 2018, 07:14:28 AM
Is Bite ball protected against arbitrary legislation?

How can one prevent the state power from simply eliminating the witnesses?

As long as there are other Crypto currencies this danger probably will not exist. However, the more secure projects will still be chosen as value stores.
Then why should one still deal with bite ball? Especially since so far nothing is offered that is clearly more attractive from a consumer perspective.
182  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 25, 2018, 05:02:14 PM
Management and development prefer to keep silent about the problems reported instead of taking a concrete position.

Bite ball is not decentralised. That is clear.
Is development willing to change anything about this? I have no idea. The community is in the dark. The Bite ball dictatorship leaves its followers, as usual, in the fog.
A random rotation among hundreds of witnesses sounds good and would probably be a solution. Is it technically feasible? Sure, where there is a will...

I am still waiting in vain after months for corresponding feedback on the requirements I have presented.

The development produces past the demand, the marketing has no idea what this designation means at all and the management boasts with fog bombs and speech bubbles.
183  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 25, 2018, 12:18:18 PM
My concerns are that witnesses can blacklist some users and block outgoing transactions. In this case, most users will not be affected and will not have the motivation to change witnesses.
For example some guy will open SilkRoad and accept balls. Witnesses will decide to block all outgoing transactions from the seen addresses. Most of users will not be affected and SilkRoad users will not be protected from witnesses attack.
Another example: witnesses can block outgoing transactions from the whale address to prevent the dump.
Another example: witnesses can block outgoing transactions for all transactions over $10k. Users will need to pass a KYC, fill in the declaration, indicate the origin of the money for making such transactions.
hmm maybe this is why Byterbal integrate all this KYC solutions? Sad.  Byterbal is Putin's answer to Satoshi?
Is that really the case?!  Shocked

Then one should not be surprised that bite ball is falling further and further behind in the ranking.
184  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 25, 2018, 10:22:23 AM
I encourage whole Byteball team to see some Antonopoulos videos to know why byteball is not decentralized, and why you should not market the platform focusing on that. Because it is not true.

12 witnesses = 12 central points of failure but, of course, with the same power of another node (no absolute power like dpos crap) and marked as trustable by majority of users.

Byteball distributes trust amongst 12 witnesses. It is a distributed trust system, not a decentralized one. Decentralized implies no single point of failure, and this is not the case.

I think new platform name should reflect all those things.

What is the single point of failure then? There is none. In fact, I would argue that Byteball  is more decentralized by design than Bitcoin or Ethereum. When we have a lot more than 12 different witnesses to choose from it will also be more decentralized in practice.
That would have to be thousands. - How realistic is that?

Just imagine via black bites a growing market for weapons, drugs, child pornography develops...
In connection with this, high-profile entities as witnesses? Seriously?

In the future, every witness would have to fear being overrun by the henchmen of state power.
185  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 25, 2018, 07:17:49 AM
No, currently it is still pretty centralized. [...]
Whether it's one or twelve witnesses, it makes no difference.
"Decentralized" is certainly not.

As storage of values bite ball is therefore hardly to be used (even if the witnesses route over TOR). But that's not what it's meant for (is it?).

The management is still silent about whether they are even thinking in the desired direction from the consumer's point of view.

I would like to have some clarity.
A simple announcement "yes, we are working on integrating the Fiat exchange (=> BISQ) directly into the bite ball wallet" would be helpful.
The opposite of course, too, then I can finally tick off bite ball after all the disappointing last months.
186  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 24, 2018, 03:45:52 PM
[] top 200 lol after leaving the top 50
Monero
Top 10
Monero can be used.
There is "localmonero" and soon also an integration as basic currency in BISQ to change Fiat directly into Monero (and vice versa).

Since BISQ is open source, it shouldn't be too difficult to modify the code in a way that it can be used within the bite ball wallet.

The gamblers who buy/sell bite ball via centralized exchanges certainly don't contribute to a meaningful distribution.
187  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 24, 2018, 06:03:30 AM


Your action is required to support the candidate, see the story above.



I  have no idea what this means. Now what will it take for me to get my Byteball wallet in  fully working mode after new witnesses will be appointed?

You didn't read the story I guess. We don't appoint witnesses, it's up to you to pick them. Rogier is the first candidate, more will follow. The Byteball network belongs to the users, they decide who they want to be their witnesses. In the startup phase Tony had to run all 12 because we didn't have any candidates yet. So this is a big deal, it's step 1 in the community taking ownership over the platform, also known as decentralization. I could post here how you can change your witness list but blindly changing it without checking out the candidate is worse than leaving the switch on auto-update from hub. So I suggest you read the article and make an informed decision yourself.

I remember that originally the plan was to have also very high profile witnesses like institutions etc. Any clue on wether the team is approaching also some entity of such high profile?
For high profile entity the project is not yet attractive enough.

Furthermore: A high profile entity enjoys a high public reputation which he would not want to see endangered by a dubious project.
Dubios becomes bite ball just in case a free, uncensored global trade in goods develops. The latter is certainly not in the sense of state power structures.

Therefore only one thing makes sense: To route the witnesses, who themselves are anonymous and secret, via TOR/I2P.

If this is not considered one has to ask oneself which sense a currency should have like bite ball.
188  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 23, 2018, 09:26:25 AM
The distribution to those who hope for a performanceless (finally Fiat-)income is a waste of time and energy and certainly does not increase real demand.

It is clear that very few of the community will support this idea. Who has so much self-determination and initiative to open their own shop?
One wants to draw something for free, and exactly this virtue is served by the Byteball management. And that's exactly why it won't work with the desired broad distribution. Because nobody knows what to do with the received "Bytes".
It's not just about distribution.  Don't be fixated on it.  The purpose of this real name attestation campaign is to create a large user base of users with real identities, which the apps can leverage.  No other platform has or is trying to create it.  Undistributed funds help create incentives before the actual apps exist.

I would very much like to offer my goods on Open Bazaar for "Blackbytes", but I can't do that.
We have a grants program for those who want to create an Open Bazaar for "Blackbytes".
First of all, you should make sure that this currency is to be used as what it claims to be: a currency. This would put you ahead of the competition.
Gimmicks that need a KYC can still happen.

Also the distribution of the bites would find really increasing spreading and would not reduce itself in the long run only on a small basis of bite ball fanboys with their unshakeable uncritical faith.

Furthermore, the ignorant adherence to "bite ball" is more than a hindrance to acceptance.


KYC is not just a gimmick, user controlled identity can also be used instead of passwords for instance. Many use cases for this.
We're not ignoring the criticism on the name, we're actively addressing it.
The mass of sheep usually has no problem with KYC, and for them there are FIAT currencies with their infinite number of applications that increasingly monitor, control and domesticate the herd.

Decentralized crypto currencies, on the other hand, should have a different claim: Privacy, boundless, truly free trade without state control and coercion to finance international terrorism.

Focus on developing bite ball into an integrated system that allows free trade in goods and services.
The beginning is a wallet integrated possibility to change Fiat into bites/blackbites (and vice versa) => BISQ.
In addition, orient yourself to ebay alternatives like Open Bazaar or Bitbay. The latter even forms a unit with the currency and seems to be more resistant to censorship.

But I'm afraid bite ball is not decentralized enough to carry such solutions, unless the witnesses have been routed through TOR.

You should finally give more priority to changing the name, but please don't coordinate with the remaining opportunistic community.
The critical and objective spirits have unfortunately already taken flight.
189  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 23, 2018, 06:46:21 AM
The distribution to those who hope for a performanceless (finally Fiat-)income is a waste of time and energy and certainly does not increase real demand.

It is clear that very few of the community will support this idea. Who has so much self-determination and initiative to open their own shop?
One wants to draw something for free, and exactly this virtue is served by the Byteball management. And that's exactly why it won't work with the desired broad distribution. Because nobody knows what to do with the received "Bytes".
It's not just about distribution.  Don't be fixated on it.  The purpose of this real name attestation campaign is to create a large user base of users with real identities, which the apps can leverage.  No other platform has or is trying to create it.  Undistributed funds help create incentives before the actual apps exist.

I would very much like to offer my goods on Open Bazaar for "Blackbytes", but I can't do that.
We have a grants program for those who want to create an Open Bazaar for "Blackbytes".
First of all, you should make sure that this currency is to be used as what it claims to be: a currency. This would put you ahead of the competition.
Gimmicks that need a KYC can still happen.

Also the distribution of the bites would find really increasing spreading and would not reduce itself in the long run only on a small basis of bite ball fanboys with their unshakeable uncritical faith.

Furthermore, the ignorant adherence to "bite ball" is more than a hindrance to acceptance.
190  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 22, 2018, 09:03:50 AM
Some customers who are rather inexperienced with Cryptocurrencies buy Bitcoins. Why? Because it's easy.

Bitcoin is not attractive because it is technically better than other coins, but because you can USE this currency. That's why this coin is becoming increasingly popular, while bite ball and other projects are dependent on the greed of fugitive speculators, who certainly don't want to use these coins to pay for goods and services.

The compulsive effort to get bite ball among the people will certainly not contribute to its spread. On the contrary, everyone who gets the coins for free will either forget them, bet them or convert them into Fiat as soon as possible, because you can't do anything else with them.
And therefore the bite ball commuity remains small and insignificant... and probably dissolves more and more.
191  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 21, 2018, 10:49:49 AM
wow nice pump today for gbyte on cryptox Shocked

I am looking at it on Bittrex and there is a small 10% bump in price but nothing to be excited about. Currently the daily volume is only 6BTC so it basically means that the GBYTE market at the moment is very ill liquid.

I think until we break the 0.016 GBYTE/BTC rate then we are still in a bear market and we can still be making newer lows. Its unfortunate that we didn't get the Binance listing last month.

Speculators don't put money in a coin with an association to a bite gag. Even a listing on Binance does not change this.

Marketing is still miserable, but in the end it's what the gamblers are into, because you can hardly actually apply a project so far.

Speculators put money where they want without care about immature opinions.

Your negativity is useless and most of your posts are irrelevants and irrespectuous.

Try at less to read carefully the whitepaper to avoid to look silly.
People like you are responsible for falling demand.
192  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 21, 2018, 05:45:24 AM
wow nice pump today for gbyte on cryptox Shocked

I am looking at it on Bittrex and there is a small 10% bump in price but nothing to be excited about. Currently the daily volume is only 6BTC so it basically means that the GBYTE market at the moment is very ill liquid.

I think until we break the 0.016 GBYTE/BTC rate then we are still in a bear market and we can still be making newer lows. Its unfortunate that we didn't get the Binance listing last month.

Speculators don't put money in a coin with an association to a bite gag. Even a listing on Binance does not change this.

Marketing is still miserable, but in the end it's what the gamblers are into, because you can hardly actually apply a project so far.
193  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 19, 2018, 03:12:46 PM
Would it not have been more senseful to announce such an action beforehand?

And then to random recipients. - Welcome nepotism.  Roll Eyes

Who the hell is responsible for such marketing?  Huh

'random engaged' is not random
That's irrelevant.
It matters the effect on those whose native language is NOT English.

Which is conspicuous: Not the management is criticized for its mistakes, but the critics who point them out.

But the critics are certainly not responsible for the lack of demand...
194  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 19, 2018, 12:18:44 PM
Would it not have been more senseful to announce such an action beforehand?

And then to random recipients. - Welcome nepotism.  Roll Eyes

Who the hell is responsible for such marketing?  Huh
195  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 19, 2018, 12:09:31 PM
In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.

The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).  
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.

Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.

That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.

Don't pretend to be what you are not.
That is indeed a problem. What could a solution look like?
A secret witness routing the database via TOR?

Publicly known witnesses could easily be eliminated by state despotism and violence.

There is no solution. Byteball team has to assume the truth, and act accordingly. Starting with calling the process "witness distribution" instead of "witness decentralization".

But, as you see, first reaction is laugh to one. Acceptance comes later, after some intermediate states.
Yes, but as long as some can laugh unopposed about such nonsense, it still looks bad for the project.
196  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 19, 2018, 09:29:25 AM
In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.

The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).  
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.

Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.

That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.

Don't pretend to be what you are not.
That is indeed a problem. What could a solution look like?
A secret witness routing the database via TOR?

Publicly known witnesses could easily be eliminated by state despotism and violence.
197  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 19, 2018, 07:26:39 AM
Walletinvestor only analyzes the price trend (which the decisions of the Byteball management are responsible for).

Should the management ever come to its senses, the direction will change again, but so far it doesn't look like that. Hence the forecast towards zero.

From the same website:

Quote
What is the Ethereum price today?
The current price of Ethereum is 198.782 USD today.

Will Ethereum price drop / fall?
Yes. The price of Ethereum may drop from 198.782 USD to 0.000001 USD. The change will be -100.00%.


Will Ethereum price grow / rise / go up?
No (see above).

Will Ethereum replace / surpass / overtake Bitcoin?
According to our predictions, this won't happen in near future.

Will Ethereum crash?
According to our analysis, this can happen.

Will Ethereum hit 1 000 USD in a year?
Not within a year ( see above).

Will Ethereum hit 2 000 USD in a year?
Not within a year ( see above).

LOL
I can't say anything about ETH.
My focus is on an initially promising project, but it is becoming increasingly run down over time. The course reflects this (I suppose it's similar at ETH?).

Responsible for this is the arrogance and ignorance of management and development (how one can still allow the association to a bite gag after months of criticism regarding the naming is a mystery to me), and of course an aphatic community that celebrates every gimmick like an absolute technical breakthrough.

Developments which increase the demand and make this currency usable are still not in sight. - But the Byteball project is not alone in this. Only Bitcoin is the exception here, albeit with restrictions.

Edit: On the Walletinvestor side ETH has an "A+" rating, Byteball on the other hand has a "D".
198  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 18, 2018, 09:50:09 PM
Walletinvestor only analyzes the price trend (which the decisions of the Byteball management are responsible for).

Should the management ever come to its senses, the direction will change again, but so far it doesn't look like that. Hence the forecast towards zero.
199  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 18, 2018, 04:31:27 PM
98% price retrace with no change in fundamentals is no joke. I suppose that at least a short term bounce is due, maybe even something more.

fundamentals are stronger now, and will be much more so once the community selects witnesses
At least in the twisting and ignoring of facts, management shows brilliant performances.  Roll Eyes


What is the Byteball Bytes price today?
The current price of Byteball Bytes is 41.487 USD today.

Will Byteball Bytes price drop / fall?
Yes. The price of Byteball Bytes may drop from 41.487 USD to 0.000001 USD. The change will be -100.00%.

Will Byteball Bytes price grow / rise / go up?
No (see above).

Will Byteball Bytes replace / surpass / overtake Bitcoin?
According to our predictions, this won't happen in near future.

Will Byteball Bytes crash?
According to our analysis, this can happen.

https://walletinvestor.com/forecast/byteball-bytes-prediction
200  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments on: October 18, 2018, 02:54:15 PM
98% price retrace with no change in fundamentals is no joke. I suppose that at least a short term bounce is due, maybe even something more.
A currency that cannot be used has no fundamentals, furthermore a "ball gag" as naming for an investment sounds anything but serious.
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