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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1230661 times)
djpitagora
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January 16, 2018, 07:03:59 PM
 #16701

What's the typical size of a transaction (since the fee is equal to the size in bytes, right?)? I'm curious what kind of costs are incurred for typical single output tx.

Also, I assume it's possible to generate extremely large txs by creating many outputs, or many txs with one output. Does this mean that the cost to spam the network with 1 GB of data is currently ~$1k? Would validator nodes simply reject a 1 GB tx? Spammers could be banned by validator?

well they would have to pay 1 GB fee for a 1 GB size tx, so it's unlikely to see that kind of spam. Unlike IOTA and XRB that have literally no defense against spammers. A small fee is better then no fee.
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ItsEzMkay
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January 16, 2018, 07:10:37 PM
 #16702

In the red days full of altcoin blood it looks me Byteball always holds its ground. On the other hand, when the crypto world goes green Byteball does not skyrocket. But I'm pretty confident this will change. Hold on to your bytes.
My two bytes  Wink

Basically Gbyte doesn't react when you think it should, it reacts on its own doing when it pleases which is hilarious Cheesy. I am kind of torn on the fact that marketing isn't huge here yet that also makes me like the coin too because it means no pump and dump. What does the community think is best moving forward? More marketing or keep it as is and let people find Gbyte slowly?

jwinterm
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January 16, 2018, 07:12:10 PM
 #16703

What's the typical size of a transaction (since the fee is equal to the size in bytes, right?)? I'm curious what kind of costs are incurred for typical single output tx.

Also, I assume it's possible to generate extremely large txs by creating many outputs, or many txs with one output. Does this mean that the cost to spam the network with 1 GB of data is currently ~$1k? Would validator nodes simply reject a 1 GB tx? Spammers could be banned by validator?

well they would have to pay 1 GB fee for a 1 GB size tx, so it's unlikely to see that kind of spam. Unlike IOTA and XRB that have literally no defense against spammers. A small fee is better then no fee.

Ye verily, but I'm just curious about typical tx size, as well as validation of extremely large or extremely repetitive small txs.

Consider this, iota was an ico that raised (supposedly) 1337 BTC. If byteball started to get traction, and assuming that iota still had this BTC and claimed it in initial and subsequent airdrops, would these gbytes be more valuable to them to sell on the market (probably enough to crash it several times over) or to attach their competitor with TBs of spam.

I just am wondering how an attack like this would be handled by the network and validators, since, especially at this point the network is quite centralized.
Mrnat
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January 17, 2018, 05:09:50 AM
 #16704

tonich, i had bitcoin in bittrex account before month of november, how could i be able to proclaim gbyte? im so mad with these shitty exchanges as they steal one in so many ways.... i almost feel theres no way to be able to prove that i had, unless you would accept to see my orders history, would that work?
Hopefully it will as i got so much raped by Bittrex is unbelievable
Thanks for your time to answer bro

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codemanX
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January 17, 2018, 07:13:17 AM
 #16705

tonich, i had bitcoin in bittrex account before month of november, how could i be able to proclaim gbyte? im so mad with these shitty exchanges as they steal one in so many ways.... i almost feel theres no way to be able to prove that i had, unless you would accept to see my orders history, would that work?
Hopefully it will as i got so much raped by Bittrex is unbelievable
Thanks for your time to answer bro

That will not work, we all didn't get Bytes just because of BTC Balance, we had to Link our BTC-Wallet to our Byteball-Wallet, that's impossible if you had your BTC on an exchange at the time of the Airdrop. Further the drop is long ago, so I wonder why you expect to get anything.

You can't blame Bittrex in this case, it's simple your fault!
Karartma1
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January 17, 2018, 07:45:52 AM
 #16706

If you can't read those very clear information in page 1 about how the current Byteball distribution / airdrop works well you can not really blame anyone but yourself if you don't get it.
On a different note, I'm happy to see byteball is holding its ground. Good sign if you ask me  Smiley
Pinstripe
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January 17, 2018, 08:01:06 AM
 #16707

Crikey, my last post was a disaster from start to finish.
https://bitcointalk.org/index.php?topic=1608859.msg28172554#msg28172554
 
Please allow me to explain and hopefully redeem myself  Embarrassed:


In my frustration with the extremely divisive and damaging "name" issue, I tried to convey too many things all at once, hoping to illustrate that messaging can and does create peoples perceptions, and the same can be true for ByteBall - but I made a mistake, I rushed it - that image and the concept was way too under developed to be published at that time.

The truth is, I was really excited, because I believed I'd found a perfect symbol for ByteBall & the DAG (and still do).

It was the concept (in my mind anyways) of a "ball of bytes" speeding through cyberspace that first grabbed my attention, and the DAG growing...getting more powerful and faster over time...leaving a kind of tail of connected data... I found the image to be energizing & exciting, just like ByteBall.

So, more to the point of "Simplicity is beauty", I've tried to refine the concept a bit. (Unfortunately, my Photoshop skills are quite limited. A real graphics pro could take this concept much further than I, with font adjustments, size of the "Ball of Bytes", tail adjustments, better color grading variations etc. etc.)

I really think it's worth another look, and we simply have to get the energy up with regards to the ByteBall name. So here's my updated version:  Do you see the "Ball of Bytes" & the DAG as well?

All kinds of variations are possible, like this: or maybe this

So, what do you think? Perhaps it just doesn't resonate with anyone but me - and that's ok. It would just be nice to know.

If there is no response again (good or bad) for all that effort, I will have learned something else I need to know about this project as an actual investor. (yes, I have real money invested - no free ride for me - gives one a very different perspective - don't you think?)

Let me tell you this, if we as a community don't fix this silly name thing soon, it's gonna bite us. I don't want that to happen.

It seems to me that Tonych has no desire to change the name - and why should he, it's a great name - especially with the right graphics, messaging & marketing, and the support of the community of course. Anyone who giggles at the name is . . . well, ignorant. Why do we as a community tolerate it?

Please do your part to purge this disease from our midst so we can get on with more important things.

cheers.
Pinstripe

References:
Additional References:
https://bitcointalk.org/index.php?topic=1608859.msg28035225#msg28035225 - let's get past our squabbles - we have work to do.
https://bitcointalk.org/index.php?topic=1608859.msg28085267#msg28085267 - some really powerful distribution possibilities - just needs some imagination & creativity to overcome the "potential abuse" objections - more on that later.
ByteFan
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January 17, 2018, 08:20:54 AM
 #16708

Crikey, my last post was a disaster from start to finish.
https://bitcointalk.org/index.php?topic=1608859.msg28172554#msg28172554
 
Please allow me to explain and hopefully redeem myself  Embarrassed:


In my frustration with the extremely divisive and damaging "name" issue, I tried to convey too many things all at once, hoping to illustrate that messaging can and does create peoples perceptions, and the same can be true for ByteBall - but I made a mistake, I rushed it - that image and the concept was way too under developed to be published at that time.

The truth is, I was really excited, because I believed I'd found a perfect symbol for ByteBall & the DAG (and still do).

It was the concept (in my mind anyways) of a "ball of bytes" speeding through cyberspace that first grabbed my attention, and the DAG growing...getting more powerful and faster over time...leaving a kind of tail of connected data... I found the image to be energizing & exciting, just like ByteBall.

So, more to the point of "Simplicity is beauty", I've tried to refine the concept a bit. (Unfortunately, my Photoshop skills are quite limited. A real graphics pro could take this concept much further than I, with font adjustments, size of the "Ball of Bytes", tail adjustments, better color grading variations etc. etc.)

I really think it's worth another look, and we simply have to get the energy up with regards to the ByteBall name. So here's my updated version:   Do you see the "Ball of Bytes" & the DAG as well?

All kinds of variations are possible, like this: or maybe this

So, what do you think? Perhaps it just doesn't resonate with anyone but me - and that's ok. It would just be nice to know.

If there is no response again (good or bad) for all that effort, I will have learned something else I need to know about this project as an actual investor. (yes, I have real money invested - no free ride for me - gives one a very different perspective - don't you think?)

Let me tell you this, if we as a community don't fix this silly name thing soon, it's gonna bite us. I don't want that to happen.

It seems to me that Tonych has no desire to change the name - and why should he, it's a great name - especially with the right graphics, messaging & marketing, and the support of the community of course. Anyone who giggles at the name is . . . well, ignorant. Why do we as a community tolerate it?

Please do your part to purge this disease from our midst so we can get on with more important things.

cheers.
Pinstripe

References:
Additional References:
https://bitcointalk.org/index.php?topic=1608859.msg28035225#msg28035225 - let's get past our squabbles - we have work to do.
https://bitcointalk.org/index.php?topic=1608859.msg28085267#msg28085267 - some really powerful distribution possibilities - just needs some imagination & creativity to overcome the "potential abuse" objections - more on that later.


There have been already many time spent and debates regarding the name, the logo, the website... you are stepping into a slow and frustrating direction.
SaintFlow
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January 17, 2018, 08:24:42 AM
 #16709

You are getting very close to the original concept. At some point "White snowball" rolling downhill and constantly growing was a guiding image.

don't let me make you question your assumptions
Saxnot
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January 17, 2018, 08:29:44 AM
 #16710

tonich, i had bitcoin in bittrex account before month of november, how could i be able to proclaim gbyte? im so mad with these shitty exchanges as they steal one in so many ways.... i almost feel theres no way to be able to prove that i had, unless you would accept to see my orders history, would that work?
Hopefully it will as i got so much raped by Bittrex is unbelievable
Thanks for your time to answer bro
Buy on bittrex and hold GBYTE in your own Byteballwallet, it is so easy ...
ByteFan
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January 17, 2018, 08:34:35 AM
 #16711

Very good article: must read

https://steemit.com/cryptocurrency/@semre/lesson-1-price-or-raiblocks-iota-and-byteball-or-which-is-cheaper-and-why-people-do-not-look-at-what-they-invest
VSidel
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January 17, 2018, 08:45:09 AM
 #16712

Transition Bot does not answer, what's the matter?
Pinstripe
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January 17, 2018, 09:03:03 AM
 #16713


Wow, a really good read. Thanks for sharing and thanks for what you did.
I also appreciate what you said about "stepping into a slow and frustrating direction".
I know it's been frustrating for everyone, but I believe things can and are changing for the better.
Pinstripe
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January 17, 2018, 09:07:31 AM
 #16714

You are getting very close to the original concept. At some point "White snowball" rolling downhill and constantly growing was a guiding image.

That's really nice to know  Grin, me being a newbie and all.

Thanks for sharing.
djpitagora
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January 17, 2018, 11:22:36 AM
 #16715

What's the typical size of a transaction (since the fee is equal to the size in bytes, right?)? I'm curious what kind of costs are incurred for typical single output tx.

Also, I assume it's possible to generate extremely large txs by creating many outputs, or many txs with one output. Does this mean that the cost to spam the network with 1 GB of data is currently ~$1k? Would validator nodes simply reject a 1 GB tx? Spammers could be banned by validator?

well they would have to pay 1 GB fee for a 1 GB size tx, so it's unlikely to see that kind of spam. Unlike IOTA and XRB that have literally no defense against spammers. A small fee is better then no fee.

Ye verily, but I'm just curious about typical tx size, as well as validation of extremely large or extremely repetitive small txs.

Consider this, iota was an ico that raised (supposedly) 1337 BTC. If byteball started to get traction, and assuming that iota still had this BTC and claimed it in initial and subsequent airdrops, would these gbytes be more valuable to them to sell on the market (probably enough to crash it several times over) or to attach their competitor with TBs of spam.

I just am wondering how an attack like this would be handled by the network and validators, since, especially at this point the network is quite centralized.

the last transaction I did had around 800 bytes in size, so 800 bytes fee.
SaintFlow
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January 17, 2018, 12:05:13 PM
 #16716

http://www.ibtimes.co.uk/jumio-offers-kyc-ico-space-byteball-1655538

Tony Churyumoff, Founder, Byteball, added: "By partnering with Jumio, we bring identity to the distributed ledger, both for ICOs and other financial transactions, creating strong connections between the crypto and the real world. For end users, we offer them a sovereign identity that is totally private, secure, and incredibly easy to use. For businesses, it is an opportunity to build applications that leverage the identity layer that was not possible before."

don't let me make you question your assumptions
ByteFan
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January 17, 2018, 01:49:58 PM
 #16717

http://www.ibtimes.co.uk/jumio-offers-kyc-ico-space-byteball-1655538

Tony Churyumoff, Founder, Byteball, added: "By partnering with Jumio, we bring identity to the distributed ledger, both for ICOs and other financial transactions, creating strong connections between the crypto and the real world. For end users, we offer them a sovereign identity that is totally private, secure, and incredibly easy to use. For businesses, it is an opportunity to build applications that leverage the identity layer that was not possible before."

This is really great! Jumio provides KYC (online ID check) tool used buy Coinbase.


https://www.jumio.com/use-cases/#kyc-aml
Jedgar
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January 17, 2018, 01:56:24 PM
 #16718

Transition Bot does not answer, what's the matter?

He is just  switched off. Check his state from time to time. He is normally  alive before distribution.
denam
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January 17, 2018, 02:02:37 PM
 #16719

Really appreciate your efforts for sharing that piece of writing above few posts. I think sooner or later people will realize to that long termed base projects like Byteball are best way to make some small profit from there which is more reliable and stable way. It is taking time but we are heading towards more clear future.
proride
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January 17, 2018, 02:08:24 PM
 #16720

Transition Bot does not answer, what's the matter?

He is just  switched off. Check his state from time to time. He is normally  alive before distribution.

Sorry, but what the main reaso of swtcing it of? Was there any announce frome dev?

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