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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216853 times)
Sythyn
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March 01, 2018, 01:20:12 PM
 #17621

SilentNotary prototypes
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Hhugh
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March 01, 2018, 03:48:33 PM
 #17622

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.
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March 01, 2018, 05:33:01 PM
 #17623

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
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March 01, 2018, 10:29:03 PM
 #17624

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
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March 01, 2018, 10:58:21 PM
 #17625

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. Cheesy

⚪ Byteball          I T   J U S T   W O R K S .  
Sending Crypto to Email   -   Risk-Free Conditional Smart Payments   -   ICO Platform with KYC
ANN THREAD                  TELEGRAM                     TWITTER                  MEDIUM                  SLACK                  REDDIT
ekoja
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March 02, 2018, 03:42:30 AM
 #17626

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. Cheesy

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
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March 02, 2018, 08:46:52 AM
 #17627


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
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March 02, 2018, 09:05:48 AM
Last edit: March 02, 2018, 12:10:08 PM by Jedgar
 #17628


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
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March 02, 2018, 09:18:14 AM
 #17629

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

⚪ Byteball     ❱❱❱     I T   J U S T   W O R K S .    ❱❱❱
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djpitagora
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March 02, 2018, 09:27:47 AM
 #17630

I have to say, the whole distribution canceling fiasco is very unsettling. It's never good to go back on promises made to investors...
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March 02, 2018, 09:38:21 AM
 #17631

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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March 02, 2018, 12:22:32 PM
 #17632

SilentNotary prototypes
SilentNotary Mobile APP for Android is available on Google PlayMarket!
Install and try for free!
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LoyceV
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March 02, 2018, 01:44:43 PM
 #17633

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
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March 02, 2018, 04:39:38 PM
 #17634

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.
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March 02, 2018, 04:45:52 PM
Last edit: March 02, 2018, 05:02:18 PM by Hhugh
 #17635

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_
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March 02, 2018, 06:13:01 PM
 #17636

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.
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March 02, 2018, 06:25:10 PM
 #17637

The consensus algorithm seems very similar to IOTA's tangle. Can someone please tell me how is it different in Byteball?
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March 02, 2018, 06:39:20 PM
 #17638

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.

No I'm not misunderstanding anything. If your old account was "hacked" your reputation is even worse -- who are you to talk about network security vv decentralization?

You misunderstand the meaning of ad hominem attacks. I simply stated the apparent truth -- your attack on the fundamentals of Byteball is not likely to be respected because you have no reputation for being knowledgable.
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March 02, 2018, 08:10:17 PM
Merited by LoyceV (1)
 #17639

Just finished a small airdrop for new users who linked their BTC address for the cancelled March airdrop.
Total 2022 users.
72 MB to each user.
Total distributed amount: 145.584 GB.

They received this text from the retired transition bot:

Quote
As you perhaps already know, the March airdrop was cancelled since balance-based airdrops stopped bringing more value as they used to do. Other formats of airdrop will be exercised later in the process.
Additionally, we are shifting our focus to product and business development.

We understand that some of users spent money to link a BTC address for this airdrop, and while the airdrop was clearly indicated as tentative, we still want you to be a user of Byteball platform, and to allow you to experience its features, we are sending you 72,000,000 Bytes (worth about $30).

Simplicity is beauty
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March 02, 2018, 10:58:27 PM
 #17640

Just finished a small airdrop for new users who linked their BTC address for the cancelled March airdrop.
Total 2022 users.
72 MB to each user.
Total distributed amount: 145.584 GB.

They received this text from the retired transition bot:

Quote
As you perhaps already know, the March airdrop was cancelled since balance-based airdrops stopped bringing more value as they used to do. Other formats of airdrop will be exercised later in the process.
Additionally, we are shifting our focus to product and business development.

We understand that some of users spent money to link a BTC address for this airdrop, and while the airdrop was clearly indicated as tentative, we still want you to be a user of Byteball platform, and to allow you to experience its features, we are sending you 72,000,000 Bytes (worth about $30).


This is a nice gesture and an unexpected gift. New users can no longer complain about not receiving free bytes and spending money to link their bitcoins. It had to be done before a  formal announcement, otherwise people would have started splitting bitcoins and then linking addresses. The older people who had linked their bitcoin addresses through the bot will feel a little bit sad that they missed out.


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