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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1151481 times)
sailthor
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March 01, 2018, 02:36:06 AM
 #17641

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.

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March 01, 2018, 03:22:22 AM
 #17642

-snip-
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.
I thought Byteball was built on top of Byzantine model. Can it be decentralized?

In my mind,the BYTEBALL is the best alter-coin derived from the bitcoin,but more than bitcoin.
-snip-
It's actually very different, but not being a copycat of it gives Byteball a huge advantage, since it's not in direct competition with Bitcoin.
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March 01, 2018, 05:22:17 AM
 #17643

-snip-
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.
I thought Byteball was built on top of Byzantine model. Can it be decentralized?

Sailthor is talking about the distribution of Byteball. Right now a significant portion of the total supply is in Tony's hands and has not been distributed. Once it has been distributed (through airdrops in the past and new distribution methods as outlined by Tony), we may find out how the eventual distribution across users looks like.


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March 01, 2018, 06:42:44 AM
 #17644

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.
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March 01, 2018, 11:02:36 AM
 #17645

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.


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Marc De Mesel
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March 01, 2018, 12:15:51 PM
 #17646

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?



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Check out my: https://youtube.com/user/Marcdemesel - https://twitter.com/marcdemesel & https://instagram.com/marc_de_mesel
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March 01, 2018, 01:20:12 PM
 #17647

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Hhugh
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March 01, 2018, 03:48:33 PM
 #17648

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
 #17649

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
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March 01, 2018, 10:29:03 PM
 #17650

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.
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March 01, 2018, 10:58:21 PM
 #17651

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

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March 02, 2018, 03:42:30 AM
 #17652

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.


It is a joke.
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March 02, 2018, 08:46:52 AM
 #17653


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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

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March 02, 2018, 09:05:48 AM
Last edit: March 02, 2018, 12:10:08 PM by Jedgar
 #17654


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?
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March 02, 2018, 09:18:14 AM
 #17655

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

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March 02, 2018, 09:27:47 AM
 #17656

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
 #17657

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.
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March 02, 2018, 12:22:32 PM
 #17658

SilentNotary prototypes
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March 02, 2018, 01:44:43 PM
 #17659

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

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March 02, 2018, 04:39:38 PM
 #17660

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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