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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1164962 times)
s1lverbox
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November 25, 2017, 02:48:41 PM
 #15341

Our Bid side in order-book still have 5Gb for over 0.03xxxx

Bittrex price:                      0.0295
Cryptox price:                    0.0298
Cryptochangex price:    0.033xx


That's over 100$ in clear profit if you SELL Gb in Cryptochangex.com and BUY in Bittrex

Just visit : https://cryptochangex.com/markets/gbytebtc

Be fast , other know about this too.
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chey
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November 25, 2017, 03:24:28 PM
 #15342

I believe the success of a currency depends on the number of people who own it, in fact Peter R’s research suggests that historical marketcap of Bitcoin follows Metcalfe's law: https://bitcointalk.org/index.php?topic=572106.0, i.e. it is proportional to the square of the number of active users.  That’s why I want Byteball to be in the hands of as many people as possible:

May I suggest some type of social media campaign to be part of the next distribution?

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Transfercoin
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wertram
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November 25, 2017, 06:56:28 PM
 #15343

Our Bid side in order-book still have 5Gb for over 0.03xxxx

Bittrex price:                      0.0295
Cryptox price:                    0.0298
Cryptochangex price:    0.033xx


That's over 100$ in clear profit if you SELL Gb in Cryptochangex.com and BUY in Bittrex

Just visit : https://cryptochangex.com/markets/gbytebtc

Be fast , other know about this too.

This sounds too good.
But are you sure this cryptochangex is safe ?
statdude
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November 25, 2017, 06:57:27 PM
 #15344

This pig really needs to get on binance!

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s1lverbox
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November 25, 2017, 07:11:38 PM
 #15345

Our Bid side in order-book still have 5Gb for over 0.03xxxx

Bittrex price:                      0.0295
Cryptox price:                    0.0298
Cryptochangex price:    0.033xx


That's over 100$ in clear profit if you SELL Gb in Cryptochangex.com and BUY in Bittrex

Just visit : https://cryptochangex.com/markets/gbytebtc

Be fast , other know about this too.

This sounds too good.
But are you sure this cryptochangex is safe ?

I am the founder. And yes. This was great opportunity. One member on slack scooped all 5Gb for that price and changed it for 5.4Gb
SaintFlow
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November 25, 2017, 07:15:31 PM
 #15346

Our Bid side in order-book still have 5Gb for over 0.03xxxx

Bittrex price:                      0.0295
Cryptox price:                    0.0298
Cryptochangex price:    0.033xx


That's over 100$ in clear profit if you SELL Gb in Cryptochangex.com and BUY in Bittrex

Just visit : https://cryptochangex.com/markets/gbytebtc

Be fast , other know about this too.

Thanks man. Turned 5 GB in 5.41GB (after transfer fees from Bittrex).

Next time I take PM. No need to let everyone know 😎

Honestly though CCX deserves more volume.

don't let me make you question your assumptions
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November 25, 2017, 09:09:46 PM
 #15347

Byteball has confirmation-time about 30 seconds: http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/
But what is the maximum TPS (transactions per second) can reach Byteball at this moment?
Were there any stress-test?
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November 26, 2017, 01:36:01 AM
 #15348

Byteball has confirmation-time about 30 seconds: http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/
But what is the maximum TPS (transactions per second) can reach Byteball at this moment?
Were there any stress-test?

The maximum tps is the rate at which a full node synchronizes DAG from scratch. Rough estimate is <50 TPS. It's definitely not infinite so "unbounded scalability" bragged about on https://byteball.org/ is an obvious overstatement.

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CryptKeeper
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November 26, 2017, 07:39:36 AM
 #15349

Byteball has confirmation-time about 30 seconds: http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/
But what is the maximum TPS (transactions per second) can reach Byteball at this moment?
Were there any stress-test?

According to the lead dev, currently 10-20 tps due to missing optimizations:

Quote
i can't say any numbers, there was no serious work on performance yet. There could be multiple ways to improve: better caching, less database use, more operations in memory, optimizing the sync procedure to minimize idle time, figuring out how to use more than one cpu core, plus many ways i didn't even think about

Maybe it’s already more because 1.11.3 introduced a sync optimization but no benchmark was taken yet.

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November 26, 2017, 10:07:49 AM
 #15350

Byteball has confirmation-time about 30 seconds: http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/
But what is the maximum TPS (transactions per second) can reach Byteball at this moment?
Were there any stress-test?

According to the lead dev, currently 10-20 tps due to missing optimizations:
So Byteball 10-20 tps at this moment is slower than Blockchain: Ethereum (20 tps), Bitcoin-Cach (50 TPS), Litecoin (50 TPS).
I think this is the main reason why the Byteball is undervalued, because high TPS is the main declared advantage of byteball.
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November 26, 2017, 11:32:21 AM
 #15351

Byteball has confirmation-time about 30 seconds: http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/
But what is the maximum TPS (transactions per second) can reach Byteball at this moment?
Were there any stress-test?

According to the lead dev, currently 10-20 tps due to missing optimizations:
So Byteball 10-20 tps at this moment is slower than Blockchain: Ethereum (20 tps), Bitcoin-Cach (50 TPS), Litecoin (50 TPS).
I think this is the main reason why the Byteball is undervalued, because high TPS is the main declared advantage of byteball.

What are you talking about? The slogan on byteball.org is ‘Smart payments made simple’, nothing about tps there. The devs concentrate their work to increase adoption with a wide range of features, no need to optimize tps yet. The potential is there because one of the things limiting throughput are blocks but other pieces must fall into place as well to achieve higher tps.

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AlexeyB
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November 26, 2017, 12:09:34 PM
Last edit: November 26, 2017, 12:32:14 PM by AlexeyB
 #15352

Byteball has confirmation-time about 30 seconds: http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/
But what is the maximum TPS (transactions per second) can reach Byteball at this moment?
Were there any stress-test?

According to the lead dev, currently 10-20 tps due to missing optimizations:
So Byteball 10-20 tps at this moment is slower than Blockchain: Ethereum (20 tps), Bitcoin-Cach (50 TPS), Litecoin (50 TPS).
I think this is the main reason why the Byteball is undervalued, because high TPS is the main declared advantage of byteball.

What are you talking about? The slogan on byteball.org is ‘Smart payments made simple’, nothing about tps there. The devs concentrate their work to increase adoption with a wide range of features, no need to optimize tps yet. The potential is there because one of the things limiting throughput are blocks but other pieces must fall into place as well to achieve higher tps.
I am talking about the name of this topic "BYTEBALL: Totally new consensus algorithm + private untraceable payments", where "new consensus algorithm" only means quick work (fast confirmation with deterministic finality and many TPS).
Yes, I agree that "private untraceable payments" and other features are very important. Something like private untraceable payments has other coins (Monero/Dash/...), but if the Byteball will have more than 1000 tps, then it would be the only one outstanding decentralized coin with such speed.
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November 26, 2017, 06:26:04 PM
 #15353

I have a question.

I just watched MacOS library of sheer curiosity and in "Default" folder in Byteball Application Support found the following files:

- top sites
- top sites-journal
- visited links
- web data
- web data-journal

Not that I am accusing someone or something, but would the developer or someone smarter than me answer why are they called so and what is their function?


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November 26, 2017, 06:39:08 PM
 #15354

is there an airdrop coming? when yes, when? thanks.

Please read the first page. Next airdrop in March 2018.

Next airdrop proposed to be in March 2018. Since it is dependent on the effectiveness of the other methods of distribution which are being planned, I strongly suspect that the airdrop might be cancelled. This wouldn't be a bad thing for byteball holders.

I agree. Less airdrops = less dumping (at some degree), other type of distribution (utility oriented) is much better for adoption on current stage.

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November 26, 2017, 06:40:11 PM
 #15355

I'm working on byteball.org website translation but some of the info needs update. I stumbled upon the following info regarding flight delays insurance:

Quote
To insure against flight delay, find your counterpart in <0>#p2p_insurance</0> channel on our <1>Slack</1>, create a contract, and if your flight arrives late, <2>chat with flight delays oracle</2>   to have it post the data about the delay, then unlock the contract.
.

Since "Flight insurance bot" has been introduced there's no need to find counterpart in the Slack channel. One just talk to bot which is much simpler and useful.

Would be nice to revise the website and update it with recent progress in features so ppl don't get confused and directed to irrelevant information.

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hannusolo
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November 26, 2017, 08:01:51 PM
 #15356

Byteball has confirmation-time about 30 seconds: http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/
But what is the maximum TPS (transactions per second) can reach Byteball at this moment?
Were there any stress-test?

According to the lead dev, currently 10-20 tps due to missing optimizations:
So Byteball 10-20 tps at this moment is slower than Blockchain: Ethereum (20 tps), Bitcoin-Cach (50 TPS), Litecoin (50 TPS).
I think this is the main reason why the Byteball is undervalued, because high TPS is the main declared advantage of byteball.

What are you talking about? The slogan on byteball.org is ‘Smart payments made simple’, nothing about tps there. The devs concentrate their work to increase adoption with a wide range of features, no need to optimize tps yet. The potential is there because one of the things limiting throughput are blocks but other pieces must fall into place as well to achieve higher tps.
I am talking about the name of this topic "BYTEBALL: Totally new consensus algorithm + private untraceable payments", where "new consensus algorithm" only means quick work (fast confirmation with deterministic finality and many TPS).
Yes, I agree that "private untraceable payments" and other features are very important. Something like private untraceable payments has other coins (Monero/Dash/...), but if the Byteball will have more than 1000 tps, then it would be the only one outstanding decentralized coin with such speed.

I think byteball's tps value is quite all right right now. It's technology is totally different from other cryptos with blockchain. It's relatively new (launch was less than a year ago). I'm sure it can be optimized if it will be a concern in the future...
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November 26, 2017, 08:33:08 PM
 #15357

Can anyone tell me why price of Byteball should rise up?

I read much about it and I belive that Byteball is udervalued and it will rise soon.

I am asking because it is always better to know more opinions Smiley
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November 26, 2017, 09:31:37 PM
 #15358

Byteball has confirmation-time about 30 seconds: http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/
But what is the maximum TPS (transactions per second) can reach Byteball at this moment?
Were there any stress-test?

The maximum tps is the rate at which a full node synchronizes DAG from scratch. Rough estimate is <50 TPS. It's definitely not infinite so "unbounded scalability" bragged about on https://byteball.org/ is an obvious overstatement.
From what I know, transactions go faster as the network grows. No magic here, just the way Directed Acyclic Graph works.

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November 26, 2017, 09:55:41 PM
 #15359

Can anyone tell me why price of Byteball should rise up?

I read much about it and I belive that Byteball is udervalued and it will rise soon.

I am asking because it is always better to know more opinions Smiley

Not long time ago people were buying GBYTE because of the airdrops (and were immediately dumping it on Bittrex ) and neglecting the technology completely. Now when airdrops have been put on pause (till march 2018...) people can & will reconsider the coin and its potential. The main goal was to promote Byteball as much as possible among the Bitcoin community (the largest to date) and it was done in a timely manner and smartly. Now its time to explore it and use it properly.

Taking into account only the heavy development work which is ongoing non-stop since launch of the project,  creates trust to this project (check github). Coinmarketcap displays majority ICOs coins with no product whatsoever just WP site (in best case scenario), so ask yourself, when the dust settles with ICOs where the money will go? (90% of them will fail at the end). I personally believe in projects that have a solid foundation, reputation and product of course and Byteball has its all.

P.S. I mentioned only the development, not the actual possibilities of the Byteball  Wink
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November 26, 2017, 11:24:19 PM
 #15360

I am talking about the name of this topic "BYTEBALL: Totally new consensus algorithm + private untraceable payments", where "new consensus algorithm" only means quick work (fast confirmation with deterministic finality and many TPS).
Yes, I agree that "private untraceable payments" and other features are very important. Something like private untraceable payments has other coins (Monero/Dash/...), but if the Byteball will have more than 1000 tps, then it would be the only one outstanding decentralized coin with such speed.

I think byteball's tps value is quite all right right now. It's technology is totally different from other cryptos with blockchain. It's relatively new (launch was less than a year ago). I'm sure it can be optimized if it will be a concern in the future...
Yes, developers awaits a large number of people (and transactions) before accelerate Byteball, but people wait when the Byteball will work faster than others, before everyone switches to it. Everyone is waiting for each other Smiley Someone must take the first step.
Most people do not understand technology DAG and do not believe that the Byteball will ever be able to handle a lot of TPS, until it really shows this performance on tests.
Maybe the developers of Byteball are waiting for the right moment for this, when Bitcoin and Ethereum will start losing users due the huge number of TPS.
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