Let me see a screen of your terminal after you try to hit ./Byteball command.

If my calculations are correct on 9th of June tonych will give for free $52.000.000 worth of money to anybody interested. Imagine anything like this being done by somebody in fiat. It would spark a worldwide news frenzy. But because it's in crypto, there's a silence. People are strange...

Byteball surpasses all shitty coins/tokens by leaps and bounds.

You are right, I missed one decimal point. Nevertheless I still don't see $60 (12%) as a big cost. This can be of course taken into account in my previous calculations but does not change the overall conclusion regarding a witness' earnings. My point is to show that with the current setup witnesses will gradually become something akin to "too big to fail banks" - one of the problems that Bitcoin was intended to solve in the first place. Witnesses will be accumulating lots of profits and not giving back to society/community anything comparable to their earnings therefore my suggestion to force them at least partially donate to funds via smart contracts.

The other thing that I think is worth considering is how to prevent witnesses from forming a cartel. The only way of achieving this that comes to my mind is to enforce a change in the witness list every a while (every 6 months or any other period that achieves the desired goal - preventing witnesses from forming a cartel. The enforced change would gradually replace every witness one by one so no witness would be running for more than a given time period. In this way it would be at least harder for witnesses to form a cartel. The only thing that would have to be contrived is a way in which a new witness would be chosen. A new witness could be chosen in random manner or through voting. If all this is technically possible I have no idea but that's the way I see to prevent witnesses from forming a cartel.

If no preventive measures are taken the cartel will be formed sooner or later especially as it is a profitable activity and there's a strong incentive to form a cartel.

That's just $6 a day compared to $500 of earnings... which is .... negligible.

Yeah, how about starting running a witness as a charity (a ruse) and then stop bothering with charity thing and keep running the witness? Expelling a witness like this from the network is not an easy job as plenty of users need to do this. A smart contract concept is more reasonable to me.

I would be happy to see some form of a self-executing smart contract that would put at least part of fees earned by a witness to any beneficial purpose we choose - like charity or any fund beneficial to society or community. If a witness was running on condition to such contract it would be much more acceptable to our community to choose it instead of a witness that keeps all earnings to itself.

Yeah, everyone can be a president. Does it mean that we are to reward him/her for just being reputable? What's your point?

The Byteball witness concept still bothers me. I did some rough calculations regarding earnings that a witness will absorb from its operation when/if  Byteball achieves current Bitcoin levels of market cap and transactions throughput.

$40 billion Byteball market cap means that 1 GB will have $40.000 of value. (40B/1M=40.000)

Asuming that:
- an average byteball transaction size is 0,5Kb
- we have 300.000 transactions per day
- there are 12 witnesses and each posts on average the same number of transactions as the others
- I don't take into account the cost of posting units as it is negligible
- I don't take into account transactions that are bigger in size then 0,5Kb (like posting data by oracles, etc.)

we get:
- daily fees paid to all witnesses: 0,15GB=$6000 (300.000*0,5Kb)
- daily fees paid to any one of the witnesses: $500 ($6000/12)
- monthly earnings from running a witness: $15.000. ($500*30)

Conclusion:

1. A witness will earn $15.000 worth of bytes in fees on a monthly basis from just running a single computer.
2. If Byteball market cap grows 2x these earnings will obviously double: $80B market cap = $30.000 monthly earnings and so on.

My point is that running a witness have almost zero cost, yet its operation is disproportionally generously rewarded in fees. The only characteristic that a witness has to have differentiating it from any other participant in the byteball network is being reputable. But being rewarded with tens of thousands of dollars a month for just being reputable boggles my mind.

Worked like a charm. Thanks.

Improved Polish translation didn't make it from Crowdin into the release. Any dope why?

Company shares?

Polish translation updated. Cheers!

Unfortunately Byteball has the same scaling issue as any dynamically adjusted blockchain - storage and bandwith constraints.

Moreover - at the current state when you start a full byteball client from scratch you are actually seing limitations of processing transactions by the byteball network - the rate at which your full node is updating the DAG database is the rate at which the network can handle transactions - and it is currently only about 20 tps.

What advantage has DAG over blockchain?

We need some website where everybody can place offers for insurance and sport betting. Anybody with programming skills to do so?

Syncing problems are reported by more and more users. I think it should be looked at by tonych carefully if full wallet is still stable after DAG database rose to a few GB.

Byteball is traded agains bitcoin therefore because of rising btc, byteball price needs to fall to stay the same in terms of fiat