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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: May 08, 2022, 01:36:52 PM
I'm trying to understand the liquidity mining process before putting up any money. Can someone explain to me how the stablecoins are involved?

I see a list of viable pairs for liquidity mining on Oswap.io, and I see a list of available stablecoins on Ostable.org, but no overlap between these lists.

To my uninformed perspective, it would seem that to provide liquidity on Oswap, I need to turn up with GBYTE and to take one other example, USDC.

The guides I've seen all indicate minting stablecoins specifically from Ostable is key to the process though so would love for someone to just breakdown the relations.

Thank you.

Eligible pools (weight):
GBYTE-USDC (100%)
GBYTE-WBTC (100%)
GBYTE-ETH (100%)
OUSD-USDC (100%)
OBIT-WBTC (100%)
OETH-ETH (100%)
https://liquidity.obyte.org/

Obyte native coin - GBYTE
Counterstake.org: USDC, WBTC, ETH - bridged from Ethereum
Ostable.org: OUSD, OBIT, OETH - stablecoins backed with GBYTE
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: December 06, 2021, 07:49:48 PM
Really? It was listed on Upbit and BitZ, but nobody traded it there. What was stopping the promotion efforts then?
You should promote Obyte, not centralized exchanges that can lose your money.
No use of more exchanges when there is no users to trade it. More users need to be trading on existing ones.
Can we come back with an idea to contact Binance again. I know Obyte was in list of Community Coin vote on Binance years ago.

Quote
Obyte is listed where people trade it, Bittrex for Europe and United States users, Coinspot for Australian users, Uniswap/Pancakeswap/Quickswap for those who don't want to deal with centralized exchanges.
https://obyte.org/#exchanges
Nowadays, with more serious regulation on centralized exchanges, to be safer, it is best to use DEX for our trades. Our cryptocurrency will be in our wallets and when we want to trade, let's simply connect it to DEX and do it. Then it is done and our wallet is safe, our coins belong to us, not centralized exchanges.

Binance lists memecoins that get instantly lot of users. Obyte is working product and too boring for them.
https://cointelegraph.com/news/binance-ceo-reveals-one-key-factor-for-token-listings

GBYTE is listed on DEXes already, even on Binance Smart Chain.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: November 30, 2021, 09:56:14 PM
The possibility of listing on other exchanges is not being considered?
There are still very few exchanges available.
And this negates all promotion efforts.

Really? It was listed on Upbit and BitZ, but nobody traded it there. What was stopping the promotion efforts then?
You should promote Obyte, not centralized exchanges that can lose your money.
No use of more exchanges when there is no users to trade it. More users need to be trading on existing ones.

Obyte is listed where people trade it, Bittrex for Europe and United States users, Coinspot for Australian users, Uniswap/Pancakeswap/Quickswap for those who don't want to deal with centralized exchanges.
https://obyte.org/#exchanges
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: October 20, 2021, 02:59:29 AM
Seems to be up 100% today. And still climbing. Been a while since i've been up to date with this coin. Any news? Seems like the 100% could be do to some Binance listing. Why is it going up 100% when most alts are down this week. Very strange.

Maybe some people finally understood how undervalued this microcap GBYTE is https://www.reddit.com/r/obyte/comments/qaueft/here_is_an_example_how_cheap_gbyte_is/

Or they are excited about oswap.io v2 https://blog.obyte.org/whats-next-for-obyte-oswap-v2-71caa4181c6d
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: September 08, 2021, 01:56:42 PM

On cmc when you look for 0byte markets there is only bittrex and 1 other exchange. Be good to make 0byte available on uniswap and pancake and pangolin.

CMC sucks and the name is Obyte, not 0byte. The exchanges are listed on website https://obyte.org/#exchanges

GBYTE is available on Uniswap, Pancakeswap and Quickswap
https://app.uniswap.org/#/swap?outputCurrency=0x31f69de127c8a0ff10819c0955490a4ae46fcc2a
https://pancakeswap.finance/swap?outputCurrency=0xeb34de0c4b2955ce0ff1526cdf735c9e6d249d09
https://quickswap.exchange/#/swap?outputCurrency=0xab5f7a0e20b0d056aed4aa4528c78da45be7308b

Even CMC shows that GBYTE is available on Ethereum, BSC, Polygon, but they don't show the Uniswap, Pancakeswap and Quickswap markets. Coingecko does shows Uniswap and Quickswap markets, but not Pancakeswap. Coinpaprika tracks most GBYTE market s, even cryptox.pl and Bitladon, but doesn't show the AMMs.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: September 08, 2021, 01:45:13 PM
Whenever I want to open my wallet the following error message appears, is there already a solution for this?

~

I use Wallet 3.3.2 and a new installation are no success.

There will be new GUI wallet released this week, which will fix this. It affects only full nodes, light wallets should be fine.

Hello and have a nice day, thanks for the quick reply. That is correct I have a full node of the wallet, as soon as the new release is ready I will test the new wallet and let you know.

Are there any listings planned in the near future on any of the TOP 10 exchanges to further increase the trading volume?

New GUI wallet got released https://github.com/byteball/obyte-gui-wallet/releases

Uniswap and Pancakeswap are top10 exchanges according to https://nomics.com/exchanges
https://app.uniswap.org/#/swap?outputCurrency=0x31f69de127c8a0ff10819c0955490a4ae46fcc2a
https://pancakeswap.finance/swap?outputCurrency=0xeb34de0c4b2955ce0ff1526cdf735c9e6d249d09
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: September 07, 2021, 10:22:39 PM
You sound very knowledgeable regarding these level 1 smart contract platforms. Thanks for you detailed reply.
Did not know they are called Level 1 Smart-Contracts, I call those that let you spend on certain conditions as basic smart-contracts (Bitcoin scripts, Obyte conditional payments) and those that react to your trigger as advanced smart-contracts (Ethereum smart-contracts, Obyte Autonomous Agents).


Comparison charts comparing :

Tps, security, decentralization and other important aspects can really get average investors excited.
Found 4 on Reddit, but I doubt they help making informed decisions
https://www.reddit.com/r/obyte/comments/f9yfls/blackbytes_vs_other_privacy_coins_february_2020/
https://www.reddit.com/r/obyte/comments/cfacjs/blackbytes_vs_the_big_3_july_2019/
https://www.reddit.com/r/obyte/comments/cmyan5/how_obyte_transaction_fees_and_fee_model_compares/
https://www.reddit.com/r/obyte/comments/alaguh/obyte_google_and_ethereum/


The main issue is the network effect.

Eth has it and sol is getting some now.  Ideally you want to be able to port over dapps to work on your platform easily I guess.
Or you could bridge the tokens over and use the wrapped tokens on the other network. This way you don't need to deplay or rewrite any new smart-contract.
https://counterstake.org/

Ethereum fees sucks, so it makes sense to bridge tokens from Ethereum to Obyte and use those tokens on Obyte instead for low fees, but what's missing on Obyte that is successful on Ethereum, but not already implemented on Obyte?
* Uniswap - https://oswap.io
* DEX - https://odex.ooo
* rewards for liquidity providers (i think Uniswap doesn't have it anymore) - https://liquidity.obyte.org
* DAI/SAI or other collateral based loans - https://ostable.org
* OpenSea/Rarible - https://cryptothings.gallery

In a way, how many actual users are on Ethereum and how many of them are just bots that arbitrage and do MEV? Ethereum is so clogged because it's profitable to MEV. If somebody has to pay 10 ETH to sandwitch attack somebody, but while doing it will earn just 1 ETH, they will do it.


Let's imagine you had to enter a very public and transparent debate comparing the plus ans minus of obyte compared to most other level 1 smart contract platforms. Do you think obyte could make a compelling argument to state it is a legitmate contender to ethereum, sol, dot avax at improving and solving the " trilema"  

I mean if the best tech most suitable to defi was to win at this stage ( assuming equal network effect for end users and devs) so only considering the tech side. Would byteball be superior or at least equal to these market cap monsters?

So if investors were all super tech savvy do you believe obyte would be up there in the top 20?
Blockchain Trilemma:
* Decentralized - In terms of deciding what goes into the ledger and in what order? Obyte wins hands down, there is no middlemen to decide that. In terms of how many full nodes out there? Currently there aren't many because it's small community, but it is currently much easier to run a Obyte full node than Bitcoin or Ethereum full node. During last 4-5 years, Obyte full node has grown to 70 GB, which is nothing compared to how big are Bitcoin and Ethereum nodes. If Obyte would be as popular as them, it would probably grow as fast as them and will not have any benefit in terms of ease of running full node. But in terms of what goes into the ledger, Obyte would still be more decentralized.
* Scalable - There has been no urgent need for scaling yet, but Obyte already has Payment Channels and there has been progress made on Sidechains. Best part, getting into and out of Payment Channels or bridging to other chains doesn't cost you an arm and a leg. You can already bridge to Ethereum, Binance Smart Chain and Polygon, the cost is usually there because claiming on the other chain is much more expensive than on Obyte https://counterstake.org/
* Secure - It might not be as secure as Bitcoin because Bitcoin is over-secured anyway and doesn't change much at all, but Obyte is as secure as Ethereum or even more secure. Front-running is difficult and sandwitch-attacks are near impossible. Can't double-spend and can be sure that your transaction is final when it becomes stable, no possibility to re-org.

But does that matter if you put "blockchain experts" into a room and say these things? No, people can't even agree, which blockchain has more merit than the other, let alone understanding how it compares to DAG. There is still very few people who understand what Order Providers (Witnesses) can do and cannot do. For somebody who is into the MEV-game, the best DeFi platform is the platform where they can extract out most value with MEV.


I have theory that Ethereum will not be as valuable when it finally goes PoS. The reason why Bitcoin and Ethereum has enjoyed those nice gains in price is because miners can't afford to sell lower than what they bought the electricity and mining equipment. Generally, more miners enter the competition and the rewards go lower with halvings, this forces the miners to sell higher. If at one point, miner would not need to pay so much for electricity bills, they could sell the reward at any price. This is the problem with GBYTE price too - if you never had to pay anything to get GBYTE, you can dump it at whatever price. Bitcoiners are used to dump coins from forks, so it doesn't matter for them at what price they dump GBYTE because they got it for free. Past years, it seems like 20-30 USD is the price where it starts to affect those people in terms of whether it is even worth to dump because Bittrex wallet has 100 000 GBYTE, but only 5000 GBYTE is on orderbooks.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: September 07, 2021, 05:48:39 PM
Is this smart contract capable like ethereum
Unlike Ethereum smart contracts, Obyte smart contracts are available to both developers and users. In addition, each transaction in the ETH smart contract costs gas ... "if a developer added a function that needs to go through the growing list of user addresses, the cost of executing that function will also go up as the list gets longer, and ETH throughput is limited with block size, so when there are more users, the fees go up too". This is just a small part of what to chat about, so if you visit this page and spend a few minutes you will find out more, including Features built-into Obyte, Cost predictability and differences in programming languages.
Thanks for that link. I've read it now.
I'm not really a techno wizz if I'm honest. So even after reading those advantages listed in that article from 2019 I would still love to hear from any person capable of analysing these designs and usecases.
Ignore that, it's old article written by me and published on Hackernoon by another author (basically sponsored content). It compares advanced Ethereum smart-contracts with basic Obyte smart-contracts (conditional payments), which have similar functionality to Bitcoin smart-contracts (basic scripting languages it has but not many know).
https://medium.com/blockstream/miniscript-bitcoin-scripting-3aeff3853620

In 2020 February, Obyte released Autonomous Agents, which are more equivalent to advanced Ethereum smart-contracts. Why it's called Autonomous Agents and not smart-contracts? Because Obyte already had smart-contracts and unpopular opinion, but smart-contracts is a shitty name for a sub-programs that can be deployed on-chain, actual smart-contracts are more like conditional payments that the basic scripting enables to do. Matter of fact, Ethereum whitepaper called their smart-contracts as Autonomous Agents too, but Ethereans decided to go with Smart-Contract. Hyperledger Fabric calls it Chaincode.
https://ethereum.org/en/whitepaper/#ethereum-accounts
https://obyte.org/platform/autonomous-agents


So just a couple of quick questions and a suggestion for you guys.

Why not create a comparison chart comparing 0byte with popular smart contract platforms.

Solana, avax, eth, polygon etc.
What would you like to see on them? I have made some comparison charts for myself, but more about different cryptocurrencies, not about smart-contracts. Most of the charts I have seen are not very accurate, especially when TPS is compared, because everybody calculates the TPS differently.

* Solana - it's main thing is about keeping the block producers time in sync very accurately, so they know when it's exactly each block producer's turn to produce blocks. Kind of nonsense IMHO, they could just have made the blocks bigger instead of making blocks so often. Reminds me of EOS, probably nobody will be able to run it soon. Not sure about their smart-contracts, probably clone of EVM.
* Avalanche AVAX - it's basically DAG of blocks with Proof of Stake, but Obyte is DAG of storage units (these are like transactions, but they can contain many different kind of messages from accounts controlled by same extended private key, eg same user). Avalanche is probably better than other blockchains, but doesn't get rid of block producers who are the middlemen/gatekeepers, but Obyte does - Obyte is ledger without middlemen. Avalanche also has multiple chains and on one of them, the tokens are natively supported (just like Obyte), but some other chain for DeFi is clone of EVM, i think. In general, odd hybrid.
* Polygon - clone of EVM, basically all same as Ethereum, but not decentralized at all. Great for low fees, wrapped GBYTE is on their Quickswap too https://quickswap.exchange/#/swap?outputCurrency=0xab5f7a0e20b0d056aed4aa4528c78da45be7308b
* Binance Smart Chain - clone of EVM, basically all same as Ethereum, but not decentralized at all. Great for low fees, wrapped GBYTE is on their Pancakeswap too https://pancakeswap.finance/swap?outputCurrency=0xeb34de0c4b2955ce0ff1526cdf735c9e6d249d09
* Nano - is basically a school project that turned into actual cryptocurrency. Its scope is very small, it can just do send/receive payments and they secure the network with dPoS, but it's actually not Proof of Stake at all because you actually don't stake any of your funds at all (there is no slashing for wrong doing). Originally, delegates had to vote on conflicting blocks (basically transactions, because each block contains 1 transaction), later they changed it to voting on all blocks. Since there is no fees, it also means that it's also free to spam it. Fun!
* IOTA - mother of all clusterfu*ks - i wouldn't touch it with ten-foot pole. They basically have stepped into all buckets/rakes that there are. First they started with stateless wallet that couldn't generate it's own keys, you had to generate them with online tools that stole your keys (one guy was charged this year). Then they let MIT review their code and argued that their open-source code (coordinator is closed-source) didn't have vulnerability in ternary hashing functions, but it was copy-protection instead. Then they stole user funds because they found out that you could spend any funds that was sent to address that was already used before, later they let users claim the funds back, not all did (probably because KYC). Last, but not least, they hot-linked Moonpay payment-processor library, which got hacked, so they needed to close down the payments for whole month (data still worked). Their fans are pretty good at migrating private keys because I don't know how many times they have done it already + each time they hand over their KYC info too. 
* Cardano - endless promises that took 3 years to develop and still failed with the most basic DeFi use case on their testnet. While Ethereum and it's clones are using account-model (balances are in state), Bitcon, Obyte and Cardano uses UTXO model. Obyte implemented Autonomous Agents so it can use any available UTXO, while Cardano forgot the possibility that somebody could add a transaction to a block that tries to spend the same UTXO - result is that only the first TX in a block spending the same UTXO will go through.

Obyte developed support for advanced smart-contracts in 11 months and has improved them a lot in past year. Next week, 3rd version of Autonomous Agents will activate.


Then the less techno able investors will see if this is a credible rival.

I see that syscoin is saying their smart contracts will be more " powerful " than that's eth's.
What does more powerful mean? Are there levels of smart contracts?
It can mean anything, Obyte Autonomous Agents can be called more powerful than Ethereum Smart-contracts too because it has features that Ethereum doesn't, mainly because Ethereum has nothing built-in, just sandbox with sand in it and you can choose to build whatever you want from scratch. Other platforms, including Obyte, have noticed that pretty much every smart-contract will use tokens, so why not support tokens natively and not let users build them as yet another smart-contract.


Can the same sort of apps that run on eth or avax or sol run on 0byte?
I mean I know they are written in a different language not solidity.
Yes, same kind of dapps can be deployed on different platforms, but if it's not EVM based then they probably need to be rewritten. Also, Oscript (the language for Autonomous Agents) is a mix of declarative structures and imperative programming language, but Solidity is mostly just imperative programming language.


Why is this project such low market cap?
I personally think it's because 65% was given to Bitcoin holders for free, who has been dumping since the airdrop ended, so there hasn't not been any strong floor, but for last couple years, the floor seems to be around 20-30 USD, which seems so low that even those who have GBYTE, don't think it's worth to dump anymore. coins in circulation * price = marketcap.


Also the name 0byte? Why would anyone rebrand from byteball to 0byte?
This is not a catchy name at all.

Any plans to call it something better?
It's not 0byte, it's Obyte. Some didn't like Byteball, some don't like Obyte. There will be no better name because there will always be somebody who doesn't like it. And it's pain in the ass to change the name, so I doubt we will go through that nonsense again.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: September 07, 2021, 04:10:31 PM
Whenever I want to open my wallet the following error message appears, is there already a solution for this?



I use Wallet 3.3.2 and a new installation are no success.

There will be new GUI wallet released this week, which will fix this. It affects only full nodes, light wallets should be fine.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: July 01, 2021, 09:38:00 PM
I would be interested to know if it is known that Bosch is still a witness of Obyte and if Bosch is still holding on to Obyte?
Obyte seems to really maneuvered itself from a real hope a bit into the sidelines. I really hope that the project still get the courses, because technologically Obyte is one of the top projects in the distributed ledger space.

You can see who ise currently Order Providers there https://stats.obyte.org/witnesses.php and when you click on the addresses, you can see when they recently posted. If you don't have a GUI wallet installed, you can see which Order Providers the main hub is recommending from there https://obyte.io/witnesses

What do you mean by "maneuvered itself from a real hope a bit into the sidelines"? Just post above, there is announcement of bridges with Ethereum and Binance Smart Chain.
Obyte has given all the tools for it to be used in as many as projects as possible, if anybody has manuvered it to sidelines, it's the hodlers of its tokens.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: June 21, 2021, 11:13:29 PM
...

Thanks for your time and reply. I can't say I am fully convinced, but you have your point, and I am far from being a judge here, as I am no expert in the topic anyway. Thanks again for taking the time to explain.
I see you spend a lot of time fighting with some of the community members, and see some valued members left due to those arguments over the course of development of the project. You may be right, they might be wrong, but in any case listening to the active community and keeping then active is crucially important for any public project like this. I would suggest using them, asking them for help, but not fighting them. More open approach could make this project great again, as it was once... Just my opinion though.

Please do explain the "more open approach" when responding to FUD and misinformation. If the long time community member still doesn't understand how Obyte consensus works and what makes it unique then the "valued member" part isn't really true, isn't it? What value is there from members who still spread misinformation?

Just that some people are active, doesn't mean they have slightest idea what they are suggesting. You start taking advice from randos who don't get it and you end up with turd like BSV.

Example, go read some earliest posts in this thread and there were many who thought and still think today that 12 Order Providers is not enough and there should be 100 randomized and they should be all anonymous. What are they missing? First, Order Providers don't have the same powers (they don't decide whose transactions gets into the DAG) as block producers (they decide whose transactions gets to next block), so there is no need to randomize them. Second, anonymous nodes are potential Sybil attack (sabotage). Third, you change one detail and suddenly, rest of the consensus doesn't make any sense anymore and you need to change everything.

It's just so damn easy to see a small number somewhere and yell "centralized!" without actually digging into what privileges or lack of privileges are in the hands of few.

And sometimes, there are just people, who doesn't understand what is considered digital signature in EU or how eesti.ee emails are issued or what certain terms in DeFi mean, so they just want to fight because they think their previously acquired blockchain knowledge can be applied to everything.

I am not sure what more open times you reminisce, the great times are when weak hands don't dump. Obyte is as open as any open-source, you can contribute with Pull Request or Fork the code and launch your own. Some scammers have done it and lot of people who don't know how to maintain it have done it too. Some even have tried to launch a shitter fork of it by re-introducing PoW gatekeepers to network that doesn't need PoW.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: June 13, 2021, 05:07:59 PM
Let me understand this right... If somebody (hackers, government or anything of that sort) takes down all 12 Order Providers, and keep them down (harass the owners, arrest them or whatever), what will happen to the network? Can transactions still be made, and will they be secure and trusted, without possibility of double-spend, fork or any other manipulation?

If those 12 Order Providers never come back, can/will other entities take their role and become Order Providers, how that process will be conducted (can it be decentralized?), and how much time will it take?

I am just trying to understand, I like the project, its uniqueness, I was here back when it was just started, but didn't follow since... and whether Obye meets my perception of decentralization... thanks for everyone's input.

P.S. An unrelated question... Is tonych still actively working on this project?

If somebody manages to take down majority of Order Providers (7 out of 12) then network will still work (accepts payments and relays it to other full nodes), but the new part of the DAG doesn't become stable (transactions in new part of the DAG doesn't become confirmed/final). That's because Order Providers are not middlemen like block producers, Order Providers are more like lighthouses that others follow and they do exactly the same things as other full nodes that post transactions, they just have pledged to do it with a version of a full node (obyte-witness) that posts those transactions regularly. There can be many other full nodes on the network, some of them have to be full nodes, some of them don't https://developer.obyte.org/tutorials-for-newcomers

While the Order Providers are down, you can still post new transaction even with unconfirmed UTXOs - this feature has been there since early 2019 for your own UTXOs and has been optional for incoming uncomfirmed transactions (Spend unconfirmed funds setting), but with the latest GUI wallet, it's ON for all transactions. On blockchains, there is no order for transactions before block producers/miners take them from mempool and add to new block, but on Obyte, even when Order Providers are down, you can broadcast your transactions to the network and they have some kind of order already, just not final. You could argue that, the fee sets the order, but that's only true once the block is actually mined and block producers/miners can re-order the block contents anyway they like. It has become even a rapidly exploitable thing called MEV (BPEV). This makes blockchain unsuitable for DeFi.

Yes, you can ATTEMPT a double-spend any time, but if it clearly comes later than previous spending then it gets discarded immediately and if the order cannot be clearly calculated yet because not enough transactions from Order Providers then both transactions remain in the unstable part of the DAG until the order can be figured out by all full nodes. Full nodes need Order Provider transactions to figure out the main path (main chain) through the DAG. Order Providers doesn't vote on any transactions, they just show the direction of the DAG and therefore a main chain, like dropping breadcrumbs for others to follow.

If those majority of the Order Providers (7 out of 12) never come online then the community has a decision to make, either wait little longer or hard-fork and put new Order Providers in place (hard-fork needed because normally only 1 Order Provider can be changed at once, not multiple at once).

Yet, the age old question remains, which I have asked from FUDsters before: where is it illegal to post your own transactions to distributed ledger and how would 7 government institutions suddenly agree and get court orders to organize a event of taking down all the Order Provider nodes? Order Providers doesn't vote on any transactions and if posting your own transactions to distributed ledger becomes illegal then making new blocks or voting whose transactions go to blocks would become illegal way before.

Already today, we see some miners attempting to not include transactions from some addresses, it's just not an issue yet when majority doesn't do the same. On Obyte, Order Providers have no choice to tell what gets into the DAG and what doesn't - majority of them would need to sabotage the whole network in order to censor one. On blockchain, it takes majority to censor one, but you can't fork away from tyrannic mining whale, they will follow you even when you hard-fork, unless you change the mining algorithm so much that their miners become absolute.

P.S. Yes, you can see his post history that he posts updates here sometimes, but mostly you can see him on Discord. His next post will probably be either about Obyte-Ethereum/BSC bridge or about Smart Contracts with Arbitration. Both built by multiple devs.
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: June 13, 2021, 01:42:26 PM
Here are things that by your logic are "network down":
* Nano - when network got spammed, user transactions didn't got confirmed, but spam did. Network down?
* IOTA - when payments were disabled for whole month and only 0-value data transactions went through. Network down?
* Bitcoin - China lost power, 30% hashrate disappeared, blocks weren't mined in every 10 mins on average for 2 weeks.
* Ethereum - Geth follower certain rules, Parity followed other rules, Infura wasn't updated because unannounced hard-fork.

What do you call those networks, that can be re-orged with 51% attack? Network f-ed? Can't happen on Obyte, but happens on blockchains.

You are right, every network has it's flaws, and xenon131 just pointed out Obyte's flaw , that is all.

It's not a flaw, xenon131 just spreads FUD and you ate it all up too. Whole point of Order Providers is that network stays up and all full nodes have access to keep posting to network.

That's more decentralized than any blockchain where if something happens with block producers (miners) then you can't even get your transactions to chain because block producers are the middlemen who pick the transactions.

Order Providers doesn't even have the power to 51% attack to double-spend, but on blockchains you can.

So, what is a flaw here, delayed confirmations on Obyte or possibility to double-spend via re-org?
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: June 12, 2021, 09:44:54 PM
Hm..  12 instead of 15,  the more reason to be worried about the network sustainability. Just enough to shut down 12 witnesses and confirmations are delayed forever.  The network which propagates transaction in-the-absence of confirmation is a dead network, truth will out.



My mistake, not 7 founder's witnesses but 6    Cheesy



Just shows you still doesn't understand how Obyte works, but you think you do.
Because, you think there is 15 Order Providers, but there is 12. Always have been 12. If stats.obyte.org shows more, then there is still 12, others additional ones on there are just candidates to become one of 12. Those 12 Order Providers are not the network, the network is all full nodes, which have been between 60-200 during previous years. Many of these full nodes can automatically recover even if DDoS them, some of them are even behind TOR.

You don't understand what centralization means, Obyte doesn't have block producers like on blockchains, so it doesn't matter if there is 12 or 15 Order Providers, what matters is that nobody has majority. Whether Obyte founder has 5 out of 12 or 7 out of 12, that is not majority. So, he is not single point of failure.
So, even if you take down all his nodes, which you don't know where they are and which doesn't have to be on same machine, that would not stop the DAG from becoming stable and nothing serious would happen, maybe just little longer confirmation times.

And even if you could somehow take down majority of 12 Order Providers, it would not take the network down and confirmations are not delayed forever, they are only delayed until they come up again or the network gets forked. If you would understand anything about Obyte, you would also understand that Obyte doesn't have mempool, so even if all Order Providers are down, all your transactions can be considered as confirmed once they have been posted. Only thing yet to be determined is just the order of transactions. Even GUI wallet let's you spend unconfirmed funds because the transactions are already on the network, not in mempool. Blockchain has probabilistic finality, so you can't be sure when your transactions ends up confirmed, but Obyte has deterministic finality without any voting.

But you probably still don't understand this because even if you have managed to teach yourself how blockchains work, your tiny brain can't take in any more information to understand that there is other ways without blockchain cons.


Here are things that by your logic are "network down":
* Nano - when network got spammed, user transactions didn't got confirmed, but spam did. Network down?
* IOTA - when payments were disabled for whole month and only 0-value data transactions went through. Network down?
* Bitcoin - China lost power, 30% hashrate disappeared, blocks weren't mined in every 10 mins on average for 2 weeks.
* Ethereum - Geth follower certain rules, Parity followed other rules, Infura wasn't updated because unannounced hard-fork.

What do you call those networks, that can be re-orged with 51% attack? Network f-ed? Can't happen on Obyte, but happens on blockchains.
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: June 12, 2021, 01:17:07 PM
technical implementation of Obyte is beyond praise,

It seems your are blind to cons of Obyte. Want to know why investors don't  take this coin seriously? OK, there it is. This is because the highly centralized nature of Obyte network architecture. Want to stop Obyte working? Nothing easier - stop 15 servers belonging to Obyte witnesses, even less than 15, because it seems that  7 witnesses belong to developer itself and run on the single server.

Nope, that's not how you stop the network. In order to stop the network, you would need to take out all full nodes.

Where did you get the number 15 from? There is 12 Order Providers needed for every transaction and as long as there are at least 7 of them are posting their own transactions, all previous transactions can become stable. There is no blocks, so if for short while, too many of them stopped, network keeps running and new transactions get distributed, just the confirmations are delayed.

There are 7 Order Providers who are not the founder, so Obyte has been fully decentralized and doesn't have a single point of failure since July 2020. You have no proof where founder's 6 Order Providers run, you just made it up.

Maybe shut up about things you don't understand.
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: June 06, 2021, 06:24:02 AM
fresh install of v3.3.2 on a new win10, the wallet tries to open and crashes immediately.  Roll Eyes
Confirm, just checked.

Unable to reproduce it.
Do you mean installing the 64bit setup file or do you mean building it from the source?
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: May 21, 2021, 06:17:07 PM
Speaking of rebranding, the name change is the last thing that would interest me ... and it’s not the first time I’ve seen you place a lack of momentum on the shoulders of the community. As for the "wall of pessimism" you are talking about, I think any reasonable person should agree that this is much better than a wall of spam, or even worse, complete silence, (you should be aware that everyone here appreciates your presence and that of tonych). However, something is wrong ..

On whose shoulders should the momentum be then? Obyte Foundation creates the software and publishes the news, it's up to the community to make it heard.
One man or small group of people can only do very little, a community on the other hand, could make a lot of noise, if they wanted.
Bitcointalk, luckily, removes lot of the spam and tonych uses Bitcointalk mostly to dump news (you can see it from his latests posts).
I sometimes post to combat FUD. Silence would be better because then FUD wouldn't bury the news.


There won't be a good exchange, either, until the Obyte team is on the path to fix it ... and I really feel like someone is hiding the setbacks. Btw, since conventional strategies don't work, maybe in this case Obyte team will contact Tether and agree on the launch of USDT on the Obyte Network? [tether/transparency]

Didn't we have news, that we take bids for raising the funds to get listed on good exchanges? Even feedback from those people was that they would buy more GBYTE if would raise more to get on bigger exchanges. We just haven't raised enough so it would align with the expectations of how much good exchanges ask. Meanwhile, everyone is pretty happy to ape into unfinished projects that promise to fix their sh1t by the end of the year (they postpone the goal post every year).
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: May 21, 2021, 02:28:55 PM
I really think this is a good project and the merits of the project will speak for itself
Many people here feel the same way, and although the technical implementation of Obyte is beyond praise, there are those who think that their marketing strategy is dead. In the end, after rethinking the mistakes and realizing that the existing marketing concept does not work there is nothing wrong with rebranding.

There won't be a good exchange, either, until the Obyte team is on the path to fix it ... and I really feel like someone is hiding the setbacks. Btw, since conventional strategies don't work, maybe in this case Obyte team will contact Tether and agree on the launch of USDT on the Obyte Network? [tether/transparency]


There wasn't much wrong with Byteball brand and there isn't anything wrong with Obyte brand either. Any brand can be marketed, it's all up to the community if they do it or not.

If you look other communities, they have users who take the news that their project publishes and they speead the news, they discuss the news, they compare it with other project. You come here, in Obyte, you just get wall of pessimism.

Obyte has given all the tools and content for you to market it, so do it, don't just FUD it all the time (FUDing your own bag is stupid). And if you think you are marketing genius, apply for a job https://obyte.org/careers
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: May 20, 2021, 08:57:40 PM
I replied to Elon's tweet about Bitcoin using so much energy, asking if Tesla would be interested in becoming a witness in the Obyte network. Chances are near zero he even reads it, but still better then nothing.

Maybe the "green" aspect of Obyte coud get a little more emphasis in the marketing...

Do you really want this manipulator to be on board?

lol please never use Elon to manipulate and promote Obyte like he did with Doge. The whole doge thing has been really cancerous, especially on Reddit and Twitter

I really think this is a good project and the merits of the project will speak for itself

It's up to the community and Order Providers (Witnesses) to decide. Anybody can put up their candidacy, community can signal the Order Providers (by changing their OP list) who they want to replace and if they do it coordinated way (that they all replace the same old OP with same new OP) then it's only Order Providers, who have the last say and they have pledged to change their list when better candidate comes around.

Quote
I understand that although witnesses don’t get to decide about acceptance or non-acceptance of individual transactions and the sole criterion for their acceptance is their validity according to protocol rules, witnesses still have to make decisions about changing their own witness lists, and I pledge to make changes to my witness list only as I feel is best for the Byteball network, only when I’m confident that the new witness properly understands the role of a witness and is going to follow the same rules while being in some way better than the witness being removed from the list.
I understand that I may lose trust of Byteball community in the future or just better (than me) witness candidates may come along who have, for example, more to lose in case of misbehavior, or are better known or more trusted by the community, and if I feel that it is the case, I pledge to voluntarily remove my address from my witness list and publicly support a better candidate.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Obyte: Totally new consensus algorithm + private untraceable payments on: May 20, 2021, 11:12:55 AM
Why Obyte  has removed the option to buy their interest tokens  with Gbyte?  Right now the only available option is BTC. It is also impossible to buy v1 tokens like IUSD and such  which is  not clear to me as the pools filled with them are still in existence. Changing things on the move without warning users is a bad luck for a coin. History with Obyte repeats itself.

You can still buy V1 tokens from trade page.
You can buy with GBYTE from front-page and from trade page.
https://ostable.org/buy page is now external tokens only and all buys go through.

Fork the website and revert it, if you don't like that change.
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