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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1226312 times)
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June 29, 2017, 10:49:51 AM
 #10121

July 9, here we come. This is not the last I hope.

No way it will be the last - most of the coins have still to be distibuted

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June 29, 2017, 12:13:36 PM
 #10122

i didn`t join both slack so no way to proof it,how about just make the same offer at iota thread here in the bitcointalk then?

It's your problem that you are not registered on the slacks, not mine. The others saw my messages.
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June 29, 2017, 12:47:42 PM
 #10123


i'm pretty sure if you make this offer at iota thread or slack,there will be a lot of ppl intersting of it..lol

I've tried it on IOTA and Byteball slacks. Looks like "a lot of" equals to "zero" in this case... lol

i didn`t join both slack so no way to proof it,how about just make the same offer at iota thread here in the bitcointalk then?





It's your problem that you are not registered on the slacks, not mine. The others saw my messages.

well,dare you make the same offer at your own iota thread here in the bitcointalk?....that would be an intersting question...lol
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June 29, 2017, 01:01:39 PM
 #10124

well,dare you make the same offer at your own iota thread here in the bitcointalk?....that would be an intersting question...lol

Nay, too slow-paced and smaller number of readers.
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June 29, 2017, 01:14:55 PM
 #10125

How many GBs do you have? Lol
are you the whale with the 54k btc?  Cheesy

I have 5 GB right now and if I spend them all the DB will grow by 5 GB, right?

You need to change your name to MobyDick asap ..... Grin
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June 29, 2017, 01:34:52 PM
 #10126

Stay calm and I can help you dump Iotas for Byteball.

Thank you, but I've got so much GBs that I don't know where to spend them to, I can buy your iotas for GBs if you wish.

Well, we are in quite a dire investment situation here.  The price of IOTA can't go up because it's basically a pyramid scheme in search of greater fools, and the price of Byteball can't go up because the developer has to hand out all the tokens first, which will take like another year or something?  I would like coins to go up really fast instead in order to purchase Lambos like yourself.  What would you recommend as a solution to this problem?

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June 29, 2017, 01:45:46 PM
 #10127

Well, we are in quite a dire investment situation here.  The price of IOTA can't go up because it's basically a pyramid scheme in search of greater fools, and the price of Byteball can't go up because the developer has to hand out all the tokens first, which will take like another year or something?  I would like coins to go up really fast instead in order to purchase Lambos like yourself.  What would you recommend as a solution to this problem?

I recommend you to wait for my Byteball test report. I have already spotted things which need to be improved, once they are fixed the price will shoot up. Just accumulate more GBs now.
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June 29, 2017, 02:15:49 PM
 #10128

Stay calm and I can help you dump Iotas for Byteball.

Thank you, but I've got so much GBs that I don't know where to spend them to, I can buy your iotas for GBs if you wish.

Well, we are in quite a dire investment situation here.  The price of IOTA can't go up because it's basically a pyramid scheme in search of greater fools, and the price of Byteball can't go up because the developer has to hand out all the tokens first, which will take like another year or something?  I would like coins to go up really fast instead in order to purchase Lambos like yourself.  What would you recommend as a solution to this problem?

Except that Byteball has gone up impressively from the first airdrop. Despite huge inflation. I never would have thought this coin would hit $800 with so many zero cost coins in the market.
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June 29, 2017, 02:21:45 PM
 #10129

Well, we are in quite a dire investment situation here.  The price of IOTA can't go up because it's basically a pyramid scheme in search of greater fools, and the price of Byteball can't go up because the developer has to hand out all the tokens first, which will take like another year or something?  I would like coins to go up really fast instead in order to purchase Lambos like yourself.  What would you recommend as a solution to this problem?

I recommend you to wait for my Byteball test report. I have already spotted things which need to be improved, once they are fixed the price will shoot up. Just accumulate more GBs now.

Not sure if just report will help with situation.

Byteball even though is great have issue like visibility. Many shitcoins are all over the place while byteball is in the dark corner when no one can see it.

On top of it, people notusing byteball because that first reason. I did send request to coinpayment to put byteball on the list but yet no response.
Once all bytes are given away whats next? slow or fast dead because who ever dumps first?

beside, if sidechains will show up on btc network dag will not gonna be different in speed and fees.

Or maybe im completely wrong and talking nonsense.

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June 29, 2017, 02:23:28 PM
 #10130

Well, we are in quite a dire investment situation here.  The price of IOTA can't go up because it's basically a pyramid scheme in search of greater fools, and the price of Byteball can't go up because the developer has to hand out all the tokens first, which will take like another year or something?  I would like coins to go up really fast instead in order to purchase Lambos like yourself.  What would you recommend as a solution to this problem?

I recommend you to wait for my Byteball test report. I have already spotted things which need to be improved, once they are fixed the price will shoot up. Just accumulate more GBs now.

You are the Dev from Iota?

Bitcore BTX since 2017 - Telegram ||  Megacoin MΣC since 2013 - Telegram || Bitsend BSD since 2014
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June 29, 2017, 02:24:30 PM
 #10131

How many GBs do you have? Lol
are you the whale with the 54k btc?  Cheesy

I have 5 GB right now and if I spend them all the DB will grow by 5 GB, right?

This is unlikely to do any harm to network. You have to invest 5000 Gb or so.

.
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June 29, 2017, 02:29:37 PM
 #10132

You are the Dev from Iota?

During day I work on hardware for IOTA, during night I test other cryptoplatforms.
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June 29, 2017, 02:31:16 PM
 #10133

This is unlikely to do any harm to network. You have to invest 5000 Gb or so.

Who said I need to do a harm? IOTA and Byteball target market niches which are barely intersected, no reason even to compete.
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June 29, 2017, 02:41:23 PM
 #10134

I recommend you to wait for my Byteball test report. I have already spotted things which need to be improved, once they are fixed the price will shoot up. Just accumulate more GBs now.

First, let's discuss the main problems with Iota vs Byteball:

1)  Anti-spam PoW (unprofitable PoW) for emails was entirely designed for one-offs.  You put in some labor and the state changes from 0 to 1 once it's been satisfied and this information is now meaningless and can be thrown away afterwards.  Satoshi decided that in order to chain the past to the future in a continous ledger, he would need to create a linked list with a get rich quick scheme built on top of it, otherwise there are no incentives for the burden associated with the cost of holding this data forever.  

It seems like IOTA was invented (unprofitable PoW) while ignoring everything Satoshi learned needed to be utilized in order to launch the bitcoin scheme.  True, Iota could utilize a form of pruning, thus correcting the incentives problem and dragging it back to more like email PoW in nature, but then you have a very fragile, unsound money system with no valid form of state recovery if it goes down.

I'm not saying bitcoin is sound money, because it's not.  It doesn't function as a store of value due to price floor being recursive based on it's own demand, meaning you can always mine an endless stream of coins as transaction fees at the new floor and the floor can crater to nothingness at any time unless bitcoin was the unit of account of something (but it never will be since it doesn't function as a store of value - chicken and egg scenario).

Most attempts to increase bitcoin scalability in altcoins, and thus lower redundancy, seem to make it even less sound money where you can no longer trick people into believing it's money at all.  People will see how fragile they are and treat them as they should be, just as a throwaway currency like airline miles instead of pretending they are a valid store of value like gold or silver.

As for Byteball:

2)  Is there really a purpose in a, hmm how to describe it in general, a branching/multi-threaded/non-linear system like a DAG if you're just using bitshares-style consensus to force convergence and make it linear in a single path again?

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June 29, 2017, 02:44:24 PM
 #10135

Iota

Enough off-topic for today.
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June 29, 2017, 02:48:08 PM
 #10136


Hey, it was DAG related and there was Byteball commentary too.  Or was that paragraph too dangerous for the great come from beyond to tackle?

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June 29, 2017, 02:53:31 PM
 #10137

Hey, it was DAG related and there was Byteball commentary too.  Or was that paragraph too dangerous for the great come from beyond to tackle?

That was a polite form to tell that I have more interesting things to do than discussing anything with you.  Smiley
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June 29, 2017, 03:08:20 PM
 #10138

This is unlikely to do any harm to network. You have to invest 5000 Gb or so.

Who said I need to do a harm? IOTA and Byteball target market niches which are barely intersected, no reason even to compete.

But you were going to stress test. What kind of stress is this, freaking 5 Gb??

.
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June 29, 2017, 03:19:40 PM
 #10139

Hey, it was DAG related and there was Byteball commentary too.  Or was that paragraph too dangerous for the great come from beyond to tackle?

That was a polite form to tell that I have more interesting things to do than discussing anything with you.  Smiley

So we can expect IOTA premine dump for lambos today?

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June 29, 2017, 03:25:12 PM
 #10140

But you were going to stress test. What kind of stress is this, freaking 5 Gb??

I haven't done the test yet, still syncing.
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