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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1227335 times)
EnViRoNmEnT
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March 15, 2018, 02:36:02 PM
 #17781


Pre-Announcement

Byteball is in the process of establishing a legal entity in Switzerland/Lichtenstein. This is aimed at bringing marketing and business development to a new level. Consequently, to grow strategically we need a budget enabling us to make short term and medium term plans. We need to hedge against volatility and work in fiat. Byteball is following the best practices in the crypto market.

Mhh this sounds interesting. Was quite disappointed in the last weeks, because of the progress of this project but maybe Byteball will change tack. I really hope so Smiley

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Kalamsid
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March 15, 2018, 04:30:42 PM
 #17782


There are 3 full time developers and there are developers who are actively working on projects that will work exclusively on the Byteball platform.

Who are the other Devs?

I don't see their names in public forums and don't intend to be the first person to name names... but if you look at Tony's contributions and commits on github and see what has been built in the last year it's self evident he's not working alone.

Are they famous?
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March 15, 2018, 04:50:53 PM
Last edit: March 15, 2018, 05:49:14 PM by CryptKeeper
 #17783

Please visit our improved Byteball wiki at https://wiki.byteball.org

 Cheesy  Cheesy  Cheesy

Please retweet https://twitter.com/slackjore/status/974331242727559169?s=21

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
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March 15, 2018, 07:28:13 PM
 #17784

I had the BTC - Byteball exchange bot "ignore" my deposit because it was "too small".  Admittedly, it wasn't a lot, but it was in the ballpark of 20USD at the time of the deposit.  The message was just "Received your payment of 0.059 GB it is too small to be exchanged, will be ignored.".

This bot has a buyer beware and explicitly says not to deposit the amount you deposited. So I'd have to respectfully say that there's only one place to put the blame if you don't get refunded.

Actually... it doesn't say that at all... what it actually says is:
Quote
We'll exchange as much as you pay, but the maximum amount is 1 GB, minimum is 0.002 BTC worth.
Which in my opinion is a little misleading... having maximum as BYTEs and minimum as BTC Undecided 

It is perfectly reasonable to expect someone to read that as Max is 1 GB... min is 0.002... user sends 0.059 GB... starts wondering why their deposit is too small when minimum is 0.002. Yes, the user should probably be more careful and read things properly, but still... this is just setting people up to fail and that's just not good UI/UX.

Also, given that the rates are constantly changing... specifying a fixed minimum in the converted unit is a terrible idea!

I misread... my apologies
Cent21
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March 15, 2018, 07:41:11 PM
 #17785


I didn't receive my bb from beeb bot. Tried the resend id procedure, but it says "No such batch can be resent."

Batch number is 4437.

What should i do?
naska21
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March 15, 2018, 07:47:21 PM
 #17786


Pre-Announcement

Byteball is in the process of establishing a legal entity in Switzerland/Lichtenstein. This is aimed at bringing marketing and business development to a new level. Consequently, to grow strategically we need a budget enabling us to make short term and medium term plans. We need to hedge against volatility and work in fiat. Byteball is following the best practices in the crypto market.

In very doubt of this. To become  legal financilal entitity the relevant financial regulations and rules should be amended accordingly, subject to prior review by both  National Council and  Federal Assembly of Switzerland.

whole nazca signature space owned by naska21 for rent, feel free to PM me
atlas21
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March 15, 2018, 10:01:15 PM
 #17787

This is an interesting blogpost from Dan Hughes (the lead developer of Radix) writing about why DAG coins (like Byteball) will not scale.

https://www.radixdlt.com/post/dags-dont-scale-without-centralization

Byteball is named in only one sentence and it concludes that Byteball (and Iota) are not very censorship resistant.

    "At present, the only way for a DAG to guarantee against double spending and 34% attacks is with the aid of a centralized authority. Byteball, another DAG, has 12 ‘Witness Nodes’ and IOTA has ‘The Coordinator’. These tools mean that the networks are not censorship resistant and that, should the centralized authority be compromised, the network would be vulnerable to an attack from the centralized state itself."

Tonych could you enlighten us about this vulnerability about being censhorship resistance?
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March 16, 2018, 12:16:51 AM
 #17788

This is an interesting blogpost from Dan Hughes (the lead developer of Radix) writing about why DAG coins (like Byteball) will not scale.

https://www.radixdlt.com/post/dags-dont-scale-without-centralization

Byteball is named in only one sentence and it concludes that Byteball (and Iota) are not very censorship resistant.

    "At present, the only way for a DAG to guarantee against double spending and 34% attacks is with the aid of a centralized authority. Byteball, another DAG, has 12 ‘Witness Nodes’ and IOTA has ‘The Coordinator’. These tools mean that the networks are not censorship resistant and that, should the centralized authority be compromised, the network would be vulnerable to an attack from the centralized state itself."

Tonych could you enlighten us about this vulnerability about being censhorship resistance?

#16 in the whitepaper https://byteball.org/Byteball.pdf

I don't think that conclusion is being made with a full understanding of the platform.
ByteFan
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March 16, 2018, 05:18:06 AM
 #17789


I didn't receive my bb from beeb bot. Tried the resend id procedure, but it says "No such batch can be resent."

Batch number is 4437.

What should i do?

We are still investigating with Tony why Blackbytes delivery is so delayed. I see you have received your Blackbytes in the meantime.

Thank you for using BEEB!
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March 16, 2018, 09:18:28 AM
 #17790

This is an interesting blogpost from Dan Hughes (the lead developer of Radix) writing about why DAG coins (like Byteball) will not scale.

https://www.radixdlt.com/post/dags-dont-scale-without-centralization

Byteball is named in only one sentence and it concludes that Byteball (and Iota) are not very censorship resistant.

    "At present, the only way for a DAG to guarantee against double spending and 34% attacks is with the aid of a centralized authority. Byteball, another DAG, has 12 ‘Witness Nodes’ and IOTA has ‘The Coordinator’. These tools mean that the networks are not censorship resistant and that, should the centralized authority be compromised, the network would be vulnerable to an attack from the centralized state itself."

Tonych could you enlighten us about this vulnerability about being censhorship resistance?

#16 in the whitepaper https://byteball.org/Byteball.pdf

I don't think that conclusion is being made with a full understanding of the platform.
16. Censorship...... Only the majority of witnesses can effectively impose forbidden content rules – if users choose such witnesses

government is able to put pressure on public witnesses. And they will simply refuse to be witnesses. In this case it will be almost impossible to find a suitable replacement for them
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March 16, 2018, 09:23:08 AM
 #17791

It's painful to look like a coin loses its value at such pace Sad 50% per week?) is it already floor? or will we go down until it becomes worthless?

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CryptKeeper
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March 16, 2018, 10:18:18 AM
 #17792



Bank4YOU Group adds Byteball to their list of accepted fiat and crypto currencies for their ICO, a Mobile Money Remittance System.

Bank4YOU just implemented the option to purchase BFY tokens with Byteball Bytes.
Read all about it on their website https://bank4you.io/

Please retweet https://twitter.com/CryptKeeperBTT/status/974278017710215170

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
CryptKeeper
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March 16, 2018, 10:22:57 AM
Merited by Limx Dev (1)
 #17793




Send Bytes to your friends using only their email address, a key reason Paypal became a giant
https://medium.com/byteball/sending-cryptocurrency-to-email-5c9bce22b8a9


Please retweet https://twitter.com/ByteballOrg/status/974591124177334278


Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
naska21
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March 16, 2018, 10:45:14 AM
 #17794

[
Send Bytes to your friends using only their email address, a key reason Paypal became a giant
https://medium.com/byteball/sending-cryptocurrency-to-email-5c9bce22b8a9


Please retweet https://twitter.com/ByteballOrg/status/974591124177334278


Yup, Paypal became a giant  because his ability to send money, but, unfortunately Bytes are not money as no one  accepts them in exchange for goods. (A few merchants don't count). Sorry, but  all things are upside down in Byteball.

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edgar
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March 16, 2018, 10:48:25 AM
 #17795

withdraws are finally working on cryptopia

#pending

completed.


AFT7Q54KNYEFTOKLK62FVI7JLCE5H46C



any old dust appreciated!!
ByteFan
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March 16, 2018, 11:19:23 AM
 #17796


I didn't receive my bb from beeb bot. Tried the resend id procedure, but it says "No such batch can be resent."

Batch number is 4437.

What should i do?

We are still investigating with Tony why Blackbytes delivery is so delayed. I see you have received your Blackbytes in the meantime.

Thank you for using BEEB!

The problem has been fully identified by Tony. It is OK now. Back to normal.
Scooby903
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March 16, 2018, 12:00:22 PM
 #17797

Does Airdrop has been completely stopped from byteball team?
and how to sell blackbytes
ByteFan
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March 16, 2018, 12:57:56 PM
 #17798

Does Airdrop has been completely stopped from byteball team?
and how to sell blackbytes

You can sell your blackbytes on http://beeb-bot.com
Rumhurius
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Here we go again


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March 16, 2018, 03:10:59 PM
 #17799

It's painful to look like a coin loses its value at such pace Sad 50% per week?) is it already floor? or will we go down until it becomes worthless?
+1

I still blame the shitty setup of the Airdrop fo dis.

sprinkles
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March 16, 2018, 05:05:51 PM
 #17800

withdraws are finally working on cryptopia

#pending

completed.


AFT7Q54KNYEFTOKLK62FVI7JLCE5H46C



any old dust appreciated!!

Best bit of Byteball news for a while. Sent you a million bytes!  Wink

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