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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1151237 times)
phanphanphuyen
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March 22, 2018, 05:08:54 AM
 #17941

I have been in crypto since 2013, and I never took seriously any post from someone with a Bitcointalk signature.... period.   Actually, I tend to ignore those posts, since they have to make their quotas...
What is this. 9 activities, 10 posts and 100 merits. I even can not see this guy merit history. It's weird.

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xlcus
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March 22, 2018, 01:52:26 PM
 #17942

Thirdly, you assert me that I am noob according to one of my posts. That's insane as you totally mistake my point. I doubt a huge exchange like Binance won't be a big thing and help a bit for a coin (only pump and dump), while the good development only can give the intrinsic and increasing value. I have accounts and trade on most of popular exchanges.

And my last point is that the judgement of a guy according to the length of posts is ridiculous. I am a trader and investor. But I have my own job. I have few time everyday to read through the threads and post the feedback. I stay in this thread as I am an investor of over hundred of Gbytes. I care about the development and the market.
Hi dude,
I remember that you actually applied to the Byteball sig camp. I don't have time to check whether you deleted your thread or not. In fact, your post history shows completely shit show, not one of your threads as you said.
Long threads don't equal to high quality ones, but one line threads definitely shit ones. And users posted over 90% of his/ her threads in one-line are totally shit posters. You can deny the fact.
Please stop showing us your shit again, and enjoy your Hero rank.

So that's the shit part of yours. I NEVER applied the Byteball signature campaign as I have already had one (Medichain). The change to another bounty will make me loss the previous effort on Medichain bounty. So I DIDN'T apply the Byteball campaign.

My doubt for the bounty campaign is due to my willing for the good progress of Byteball. I am one of the investors. I hope the manager won't sucks the good willingness of bounty campaign.

You assert me: "I remember that you actually applied to the Byteball sig camp." Any evidence? None! It's just your own judgement on me. It is the same as yahoo62278:"I think your profile is shit". However, I ask why the accepted accounts are NOT shit profiles. No answer from yahoo62278 and you! You both avoid to answer this SIMPLE question. Can you answer me why those guys can be accepted? They also only have their posts ONE-LINE!

I can also write long posts. But for me, it has no sense. I am an investor, but not a post-er.

You think your several-line posts are valuable. But they have no more sense.
Jedgar
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March 22, 2018, 01:55:06 PM
 #17943

"TOM CRIDLAND PUBLIC RELATIONS LIMITED"

Dissolved on 27 June 2017

https://beta.companieshouse.gov.uk/company/09996977

Is that the PR company you are talking about? Wada foc Huh?

Probably this one...

https://beta.companieshouse.gov.uk/company/08850233

Looks like there were multiple corporations set up for him and a few of them have since been dissolved. Not unusual at all. I have multiple companies (many just holding companies) and some now file nil returns and others have been dissolved because they no longer fit into the corporate structure that suits my needs.

So IMO nothing to see here. Certainly not enough evidence to FUD.

"We are super excited that we have signed a contract with our first PR agency, Tom Cridland Public Relations."

One must know what he has signed with who.

Anyway, better anything than no PR.

As   expectations   for change toward a more recognizable Byteball placed in PR  is much too high   I wonder why the company in question had been selected, as it seems  to be the worst of the worst option.
xlcus
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March 22, 2018, 01:58:52 PM
 #17944

I have been in crypto since 2013, and I never took seriously any post from someone with a Bitcointalk signature.... period.   Actually, I tend to ignore those posts, since they have to make their quotas...
What is this. 9 activities, 10 posts and 100 merits. I even can not see this guy merit history. It's weird.

It is really weird. A newbie with 10 posts has 100 merits. I checked all his ten posts. None of his posts has rewarded with merit.
What's the rule of the merit system? Is it buggy?
If some newbie with old register age will have merits, that will be very unfair for the newcomers.
xlcus
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March 22, 2018, 02:06:02 PM
 #17945

I have been in crypto since 2013, and I never took seriously any post from someone with a Bitcointalk signature.... period.   Actually, I tend to ignore those posts, since they have to make their quotas...

Dude, the philosophy for each one is not the same.

For me, the bounty rewards is not the main purpose (The annual bounty reward won't be larger than the DAILY price fluctuation of my owned coins). However, it forces me to log in bct and follow topics and projects. It will help update me the news of some (old and new) projects. It will help me make decision which coin I should invest for long-term.
Alcibiades Agnes
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March 22, 2018, 04:52:31 PM
Last edit: April 23, 2018, 06:39:04 PM by Alcibiades Agnes
 #17946

Domain Email Wallet, I would call it. I did register an email and it actually works. I type my email and click send, and bytes went directly to my other wallet. This is way way an advanced  step. What can be better than byteball.
I tried to withdraw some bytes form bittrex using the email, but it is not working yet, I hope in the future is abilable.
Scooby903
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March 22, 2018, 05:30:11 PM
 #17947

Can there be an easy way for converting BlackByteballs in to Byteballs?
We read about the bot straight in the customer which allow someone transform
kaicrypzen
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March 22, 2018, 06:37:50 PM
 #17948

Can there be an easy way for converting BlackByteballs in to Byteballs?
We read about the bot straight in the customer which allow someone transform

There are two bots which enable you to exchange blackbytes for bytes and vice-versa. You can read about them in the Wiki : https://wiki.byteball.org/Blackbytes#Bots.

acquafredda
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March 22, 2018, 07:35:46 PM
 #17949

Can there be an easy way for converting BlackByteballs in to Byteballs?
We read about the bot straight in the customer which allow someone transform

There are two bots which enable you to exchange blackbytes for bytes and vice-versa. You can read about them in the Wiki : https://wiki.byteball.org/Blackbytes#Bots.

Can you tell me where is your signature from? Is there a thread? Looks nice and in the future I might wear because I loved byteball from day one

You only live once, but if you do it right, once is enough
alex_mercer
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March 22, 2018, 08:17:03 PM
 #17950

Can there be an easy way for converting BlackByteballs in to Byteballs?
We read about the bot straight in the customer which allow someone transform

There are two bots which enable you to exchange blackbytes for bytes and vice-versa. You can read about them in the Wiki : https://wiki.byteball.org/Blackbytes#Bots.

Can you tell me where is your signature from? Is there a thread? Looks nice and in the future I might wear because I loved byteball from day one

We are going to reward users who help spread the word about Byteball and starting a signature campaign on this forum

https://bitcointalk.org/index.php?topic=3162547.0

The campaign will be paid from the undistributed funds.
motienvolam
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March 23, 2018, 02:43:58 AM
 #17951

It is really weird. A newbie with 10 posts has 100 merits. I checked all his ten posts. None of his posts has rewarded with merit.
What's the rule of the merit system? Is it buggy?
If some newbie with old register age will have merits, that will be very unfair for the newcomers.
Not too weird. It seems that the account was sold recently. Then new account holder delete most of past threads, which resulted in postcount significant fall to ten. However, I guess before deleting the account rank is Full Member and was allocated 100 merits at the point of merit system launch. What seems to be unfair is (and maybe a bug of current system) the account should lose all of their merits because its current rank is Newbie.

tonych
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March 23, 2018, 10:37:38 AM
Merited by Random-String-Symphony (4)
 #17952

We are building tools for ICOs on BB platform: they have ICO bot, they have an easy-to-use wallet that supports any tokens, they have KYC, they have non-US attestation, they have conditional payments for risk-free trades.  And now, they also have liquidity.

Exchange bot is launched and added to the Bot Store.



It is powered by smart contracts, hence there is no way that the exchange operator can run away with your money.  Source code https://github.com/byteball/byteball-exchange

For traditional exchanges, the RPC API https://github.com/byteball/headless-byteball/wiki/Running-RPC-service is updated to support listing any Byteball-issued token.

Full story: https://medium.com/byteball/byteball-exchange-bot-78c8154f4e6a

Simplicity is beauty
hanspeter77
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March 23, 2018, 10:45:59 AM
 #17953

is there an signautre bounty online ??
how im join ??

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Dino Platform
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March 23, 2018, 10:54:32 AM
 #17954

 The algorithm looks cool!
Jedgar
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March 23, 2018, 10:57:04 AM
 #17955

We are building tools for ICOs on BB platform: they have ICO bot, they have an easy-to-use wallet that supports any tokens, they have KYC, they have non-US attestation, they have conditional payments for risk-free trades.  And now, they also have liquidity.

Exchange bot is launched and added to the Bot Store.



It is powered by smart contracts, hence there is no way that the exchange operator can run away with your money.  Source code https://github.com/byteball/byteball-exchange

For traditional exchanges, the RPC API https://github.com/byteball/headless-byteball/wiki/Running-RPC-service is updated to support listing any Byteball-issued token.

Full story: https://medium.com/byteball/byteball-exchange-bot-78c8154f4e6a


I have tried a few pairs typing LTC/BTC KMD/BTC XLM/BTC but the only response was "asset ...not known" Angry
Juse14
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March 23, 2018, 10:57:45 AM
 #17956

is there an signautre bounty online ??
how im join ??
you can check on bounty thread, byteball had signature bounty for only 100 bitcointalk member

ekoja
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March 23, 2018, 11:14:31 AM
 #17957

We are building tools for ICOs on BB platform: they have ICO bot, they have an easy-to-use wallet that supports any tokens, they have KYC, they have non-US attestation, they have conditional payments for risk-free trades.  And now, they also have liquidity.

Exchange bot is launched and added to the Bot Store.



It is powered by smart contracts, hence there is no way that the exchange operator can run away with your money.  Source code https://github.com/byteball/byteball-exchange

For traditional exchanges, the RPC API https://github.com/byteball/headless-byteball/wiki/Running-RPC-service is updated to support listing any Byteball-issued token.

Full story: https://medium.com/byteball/byteball-exchange-bot-78c8154f4e6a


Beautiful job. Textcoin, send coins by email, ICO tools: one by one. The Byteball is keeping its movement steadily.


It is a joke.
Hhugh
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March 23, 2018, 02:28:43 PM
 #17958

We are building tools for ICOs on BB platform: they have ICO bot, they have an easy-to-use wallet that supports any tokens, they have KYC, they have non-US attestation, they have conditional payments for risk-free trades.  And now, they also have liquidity.

Exchange bot is launched and added to the Bot Store.



It is powered by smart contracts, hence there is no way that the exchange operator can run away with your money.  Source code https://github.com/byteball/byteball-exchange

For traditional exchanges, the RPC API https://github.com/byteball/headless-byteball/wiki/Running-RPC-service is updated to support listing any Byteball-issued token.

Full story: https://medium.com/byteball/byteball-exchange-bot-78c8154f4e6a


I have tried a few pairs typing LTC/BTC KMD/BTC XLM/BTC but the only response was "asset ...not known" Angry

This bot is designed to only trade assets that are on the Byteball chain, not every token/coin in the cryptoverse.  I'm not sure if every asset (https://byteball.market/#!/assets) can be traded or only ones listed by the bot... I suspect only the listed ones. So Titan Coin and Silent Notary.
Alcibiades Agnes
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March 23, 2018, 06:36:20 PM
Last edit: April 23, 2018, 06:34:40 PM by Alcibiades Agnes
 #17959

⚪ 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  

**********

Hi Tony, I have seen most of your interviews and presentation. I have seen many question and doude about the "witness". Many people ask question about it over and over again. I think you or your team should give a presentation just about "witness".

By the way I have a question about it. Every one ask about the "12 witnesses" but in the Byteball Witnesses monitoring service https://byteball.fr/stats.php there are more than 12, so to my underestanding there can more 12 witnessess. Let say there can be at some point 20 witnesses and it each user choose 12 out of 20 at random for confimation of the transaccion. Am I corrrect?

I think you should address the "witness" questions in a very deep presentation about it because you are getting it rid off "the minners". And in today cryptoverse miners have a lot of power, they are a multibilion industry that you are trying not use it at all.

I trust your project 100 %

Good luck to all.  

**********

⚪ 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  
Random-String-Symphony
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March 23, 2018, 06:49:50 PM
Merited by co0ler (2)
 #17960


Hi Tony, I have seen most of your interviews and presentation. I have seen many question and doude about the "witness". Many people ask question about it over and over again. I think you or your team should give a presentation just about "witness".

By the way I have a question about it. Every one ask about the "12 witnesses" but in the Byteball Witnesses monitoring service https://byteball.fr/stats.php there are more than 12, so to my underestanding there can more 12 witnessess. Let say there can be at some point 20 witnesses and it each user choose 12 out of 20 at random for confimation of the transaccion. Am I corrrect?

I think you should address the "witness" questions in a very deep presentation about it because you are getting it rid off "the minners". And in today cryptoverse miners have a lot of power, they are a multibilion industry that you are trying not use it at all.


OK, here's a little bit more about the 12 witness system Byteball uses versus PoW.

What miners do, they look at your transactions and decide, “I like this transaction and will include it, or I don’t like this transaction and won’t include it”. With witnesses, it is the reverse. It is users who look for witnesses to determine the consensus order of transactions. Witnesses don’t decide anything about individual transactions. They are expected just to be there.

12 witnesses seems low?

If you up the number of witnesses it will be much harder for users to know and recognise them all so they would just go with the "default" and not care about it much. So you have to have a number that is both safe and practical, 12 seems to fit the job. This number is large enough to protect against occasional failures but is not too large so that users can still know every witness.

And we want the witnesses to be accountable, that’s why there is a way to replace them. The way it works is that every user, with every transaction, posts a list of 12 witnesses he trusts. But we won’t have consensus if the lists posted by different users are too far apart. That’s why the lists of neighboring transactions on the DAG must differ by no more than one position. The fact that witnesses can be replaced is another difference with miners. The witnesses are accountable. If a witness loses trust of users, users immediately signal their mistrust by changing their witness lists.

Why DAG?

PoW, most notably Bitcoin has a number of drawbacks:

  • Miners are gatekeepers; they have the power to include or not include your transaction. So the access to the ledger is not quite free, you have to meet the miners’ criteria for your transaction to be included in the next block.
  • Miners are not accountable; they are supposed to make money, period.
  • Fee market is an uncertainty; When the blocks are full, there is competition to get into the next block. Paying a higher fee supposedly increases your chances to get into the block. But a payment system which is supposed to be used in everyday business, is not a game of chance, there must be guarantees that once you send a transaction according to all the rules, which is properly signed, spends existing money, and is not a double-spend, after you send it, you can immediately disconnect and still be confident that it goes through. In blockchains, when the blocks are full, there is no certainty, no guarantees, no such thing as the right fee.
  • Trade-off between security and cost; block reward is supposed to be reduced over time and eventually go to 0. This means that miner incentives from block reward will decrease and they should be replaced by fees. Which means that the system is as secure as the total amount of fees paid, and there is an uncomfortable trade-off between security and cost.
  • Negative balance of resources; miners burn energy and have to pay to energy companies, outside the ecosystem. Which means that the balance between resources flowing in and out of the ecosystem is negative.
  • Outside incentives are ignored; lastly, miner incentives are only inside the ecosystem. They make more money by mining honestly than by doublespending Bitcoins, that’s true under assumption that all their incentives are inside Bitcoin. If we forget about the outside world, as if it doesn’t exist. But in reality, outside incentives do exist. Even more, if there are other tokens issued on the same ledger, as it is the case on Ethereum, the block reward is still in the native currency only but now this should be balanced against doublespending not only the native currency but the other tokens too. If the tokens are worth more than the native currency, the system becomes insecure.

Text mostly taken from this excellent presentation from Tony in Zürich: https://docs.google.com/presentation/d/1dpbE1l4Aj8Te2_i9wjVsW48igZMhdyjKJVcWY-45qd8/edit#slide=id.p5

Highly recommended reading!

⚪ Byteball     ❱❱❱     I T   J U S T   W O R K S .    ❱❱❱
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