Obyte: Totally new consensus algorithm + private untraceable payments

[xlcus]

It is clear that Tony can manipulate the market price of byteball with his own announcements.

He can buy in the market, then announce a good new, pumping the price and then sell his byteballs just before announcing bad news, to buy again lower.

This is not serious and makes me not to believe any more in this project and so I have sold my byteballs. Not interested in beeing a holder any more.

Your questioning on Tony is no sense. He, as the owner of the Byteball, can reserve more for development. No need for manipulation of the price with your "method".

I am also not happy about the change of the distribution method, as I bought some Byteball months ago for obtaining the new rewards.
However, I still believe in What Tony are making effort is good at the future of Byteball.

Hold my Gbyte, anyway.

He can do this as he has total control of 40% of the supply. That is fact and reality, no escaping it. I'd 'like' to think he's a good guy and won't sucumb to temptations (the very fact he has stopped lunar airdrops is worrying in that regard). However I'd prefer to just get the distribution done and get on with using a decentralised byteball and not worry about what Tony might or might not do.  That goes for decentralising the witnesses too.

Yep. I don't know why I FOMO'd in so quickly to this coin. I surely would take it back and wait till it became decentralised before I invested.

Earlier is better than later. That is what I get lesson. When Raiblocks were nothing, I bought a lot, but sold all of them and waited for the close end of the distribution.
Then I missed the rocket.

[scambust]

Earlier is better than later. That is what I get lesson. When Raiblocks were nothing, I bought a lot, but sold all of them and waited for the close end of the distribution.
Then I missed the rocket.

Yeah, the Byteball community is as big or even bigger than the Nano/Raiblocks community. It is just this fear of the 40% coin supply that weak hands are concerned with and the same time discount buyers are waiting on.

A clear path to address this issue will resume a beter price trend.

[Marc De Mesel]

Just posted this tweet, but not sure it is 100% correct? (Please retweet also guys)
https://twitter.com/marcdemesel/status/968843437289086976


Is transaction data in blackbytes stored in encrypted form or can all future receivers of blackbytes read it's full transaction history and see which devices ever owned the coins before?

[Sythyn]

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Web-interface is ready for tests!
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[Hhugh]

Just posted this tweet, but not sure it is 100% correct? (Please retweet also guys)
https://twitter.com/marcdemesel/status/968843437289086976


Is transaction data in blackbytes stored in encrypted form or can all future receivers of blackbytes read it's full transaction history and see which devices ever owned the coins before?

all future receivers of blackbytes can read it's full transaction history

Correct, I'll add that there is no way to use that data to do network analysis. There is a good thread on this that tony started, but I don't recall and can't easily find the link to share.

[zx9r_]

Andreas speaks about DAG. I think he is right that with DAG you sacrifice decentralization and coersion resistance by removing proof of work. Byteball is a good example of this. We have 12 witnesses in the hands of 1 person. And even if these 12 witnesses are 12 different people it's easy by governments to coerce them for censorship or just shut down the whole system.

https://www.youtube.com/watch?v=lfgMnbb5JeM

Could you tell some more about this? Is this from the white paper or some other source?

Yes, the white paper clearly defines 12 witnesses. These are the authority in Byteball preventing double spend that every user needs to rely on.

12 witnesses = centralization = not good

[BTCWagering]

12 witnesses = centralization = not good

Your reputation here is also nonexistent so I doubt anyone cares what you think.

The future decentralization of Byteball remains to be seen. It's not pretending to be anywhere near decentralized yet.

When the witnesses are run by real-world, known identities, we can speculate as to how corruptible they are, or how likely they are to collude.

Same as Ripple.

[JesusCryptos]

It is clear that Tony can manipulate the market price of byteball with his own announcements.

He can buy in the market, then announce a good new, pumping the price and then sell his byteballs just before announcing bad news, to buy again lower.

This is not serious and makes me not to believe any more in this project and so I have sold my byteballs. Not interested in beeing a holder any more.

Your questioning on Tony is no sense. He, as the owner of the Byteball, can reserve more for development. No need for manipulation of the price with your "method".

I am also not happy about the change of the distribution method, as I bought some Byteball months ago for obtaining the new rewards.
However, I still believe in What Tony are making effort is good at the future of Byteball.

Hold my Gbyte, anyway.

I agree of the total nonsense of questioning Tony. If there is one dev in the crypto space who is NOT interested at all in what the "markets" do that's exactly Tony. He doesn't care at all of price and other ephemeral trivial details, so to accuse him of "manipulating the market" is probably the most ridiculous statement of this whole thread. LoL.

[ekoja]

It is clear that Tony can manipulate the market price of byteball with his own announcements.

He can buy in the market, then announce a good new, pumping the price and then sell his byteballs just before announcing bad news, to buy again lower.

This is not serious and makes me not to believe any more in this project and so I have sold my byteballs. Not interested in beeing a holder any more.

Your questioning on Tony is no sense. He, as the owner of the Byteball, can reserve more for development. No need for manipulation of the price with your "method".

I am also not happy about the change of the distribution method, as I bought some Byteball months ago for obtaining the new rewards.
However, I still believe in What Tony are making effort is good at the future of Byteball.

Hold my Gbyte, anyway.

I agree of the total nonsense of questioning Tony. If there is one dev in the crypto space who is NOT interested at all in what the "markets" do that's exactly Tony. He doesn't care at all of price and other ephemeral trivial details, so to accuse him of "manipulating the market" is probably the most ridiculous statement of this whole thread. LoL.

The distribution model is one of the keys towards to the success of a coin. Raiblocks show a successful case.
Byteball is chasing its own one.

[bottacoin]

https://binaryballs.com/common/img/well-played.jpg

*** congratulations binaryballs players !!! ***

https://binaryballs.com/common/img/last24hstats-2018-03-02.jpeg

On the last 24h, binaryballs players predictions have been really good : every 1 MByte played on binaryballs.com brought back an average 117% return rate

https://byteball.fr/bandeau.png

[Jedgar]

The distribution model is one of the keys towards to the success of a coin. Raiblocks show a successful case.
Byteball is chasing its own one.

seems Byteball distribution paradigm has shifted to random drop of small amounts to newcomers to play the team game.  But, if everyone in newcomers team  wants to play a different game and  immediatly sell , how could they be stopped?

[p2pGames]

I think soon will be the announcement, a new method of distribution through the telegram bot.

[djpitagora]

I have to say, the whole distribution canceling fiasco is very unsettling. It's never good to go back on promises made to investors...

[zaliass]

I have to say, the whole distribution canceling fiasco is very unsettling. It's never good to go back on promises made to investors...

No promises were ever made by anyone. There was also a DISCLAIMER on the website stating this is only a provisional distribution method and is subject to change or cancellation at any point.

[Sythyn]

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SilentNotary Mobile APP for Android is available on Google PlayMarket!
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[LoyceV]

Correct, I'll add that there is no way to use that data to do network analysis. There is a good thread on this that tony started, but I don't recall and can't easily find the link to share.

Hiding entire content of on-chain transactions

[Hhugh]

Correct, I'll add that there is no way to use that data to do network analysis. There is a good thread on this that tony started, but I don't recall and can't easily find the link to share.

Hiding entire content of on-chain transactions

Thanks! I would love to see this thread get revived. There's a lot of unresolved debate whether blackbytes are private or anonymous (and over the definitions actually) on different channels. It would be nice to see consensus or at least well documented arguments for either side.

[Hhugh]

Correct, I'll add that there is no way to use that data to do network analysis. There is a good thread on this that tony started, but I don't recall and can't easily find the link to share.

Hiding entire content of on-chain transactions

are you guys still believe in black coins? It seems still no any use

If someone set up a TOR Hidden Services P2P sports betting exchange using the Byeball platform then blackbytes would have use.

Interesting idea now that I think of it...

Edit: totally illegal

[zx9r_]

12 witnesses = centralization = not good

Your reputation here is also nonexistent so I doubt anyone cares what you think.

The future decentralization of Byteball remains to be seen. It's not pretending to be anywhere near decentralized yet.

When the witnesses are run by real-world, known identities, we can speculate as to how corruptible they are, or how likely they are to collude.

Same as Ripple.

It seems you are missunderstanding the "reputation" concept with the date of my user sign up or the number of messages of this account. BTW, this is a recently created account because my original one from 2010 was hacked some months ago.

So, next time try to answer with arguments instead of using ad hominem attacks.

[stefanotomakan]

The consensus algorithm seems very similar to IOTA's tangle. Can someone please tell me how is it different in Byteball?