Obyte: Totally new consensus algorithm + private untraceable payments

[Punqtured]

1. Fees of byteball network go to where? Is there by any chance to make it "feeless"?
2. What is the average transaction speed and does it take to much time do process usually? If it uses DAG, why the scale problem?

1: See section 13 in the whitepaper on "commissions". It's divided in 2 and goes to witnesses and the wallet referencing the unit. If the system is made fee-less, some other mechanism to prevent spam would be needed which could be PoW or pos or some combination/delegation.

2: Currently the tps rate rarely exceeds 2. Previous stress test showed capacity around 15. In other words, there's plenty of room to grow before current limitation to tps (unoptimized SQL) needs to be addressed. Tony has said that several things can be optimized to increase tps it that it doesn t really make sense to spend time on that at the moment.  The speed of the DAG is determined by full nodes' ability to process new units. For the time being, it just doesn't make sense to spend time on that, though.

[coloredcoin]

What's the roadmap about the black bytes? how to spend?

This is the eventual solution to privacy IMO.

[pineapple express]

What's the roadmap about the black bytes? how to spend?

This is the eventual solution to privacy IMO.

no roadmap, no place to spend. The last distribution was last year so around 50% of the coins hold dev. We don't know what the reason of stopping distribution. Since they untraceable, it's possible that devs sold coins on freebe exchange

[pineapple express]

[JanpriX]

What's the roadmap about the black bytes? how to spend?

This is the eventual solution to privacy IMO.

no roadmap, no place to spend. The last distribution was last year so around 50% of the coins hold dev. We don't know what the reason of stopping distribution. Since they untraceable, it's possible that devs sold coins on freebe exchange

Just out of curiosity, how much money did you lose by investing in GBYTE? The reason that I asked that question is because your hate for this coin is very evident in your past posts. Do you have a personal vendetta against this coin and its Devs? This is quite hilarious to some extent. 

Just as @meterse said in his signature,

Instead of complaining your crypto bag is losing value, do something that helps the project.

[pineapple express]

 

What's the roadmap about the black bytes? how to spend?

This is the eventual solution to privacy IMO.

no roadmap, no place to spend. The last distribution was last year so around 50% of the coins hold dev. We don't know what the reason of stopping distribution. Since they untraceable, it's possible that devs sold coins on freebe exchange

Just out of curiosity, how much money did you lose by investing in GBYTE? The reason that I asked that question is because your hate for this coin is very evident in your past posts. Do you have a personal vendetta against this coin and its Devs? This is quite hilarious to some extent.  

-0.45BTC. I'm telling the truth about this coin in order to protect others from deception. Bytball is a centralized tonybase with poor scalability.

Just as @meterse said in his signature, Instead of complaining your crypto bag is losing value, do something that helps the project.

i'm not going to promote a scammers because of losing money

[jjacob]

The market depth does look bad. But why all this negativity? You might have lost some money, but does it warrant asking people to sell byteball through your signature?
People who have invested in most other altcoins have also lost money....

[pineapple express]

People who have invested in most other altcoins have also lost money....

bytball not the only scam

[afbitcoins]

Well I'll wade in here. I don't think byteball is a scam. That would be when the developer makes a load of promises on a whitepaper then failes to deliver... And exits when the price is high

ehm actually..
well.. I suppose fails to deliver coin distribution and failes to decentralise witnesses...

But apart from that.

I'm kind of joking but also serious. These scammish scenarios are real. Those things are promised and not delivered. And byteball has dropped down marketcap rank tremendously out of the top 100 for good reason. Building trust and confidence means keeping promises.
 But having said that I dont feel byteball is a scam, because the dev hasn't dissapeared and is still very active. And implementing some really cool features.

My personal opinion is that the byteball team are technically very good but lacking in very basic economic  principles.

[s1lverbox]

Will drop my two cents.

I meet Tonych personally with another team member at Bitkom in germany.
Byteball is clearly his project and as a main dev he does makes decisions which we all can accepted or not. The only thing which tonych cannot controll is PRICE

Tonych is great dev and delivers huge amount of work on regualr basis.
Maybe marketing is not the strongest part, maybe decision about airdrop was bad decision but please consider he build this from scratch.
Wallet is working without issue, smart contracts works without issue, there is huge market for altcoins and i do believe byteball will shine.

We goign through cycle which kills many alts. Kills even btc for 100th time. But so what? If product is good, and dev is still here than i dont see this to be a scam.

Just go to Masternode scene and check in there. 99.9% its pure scam.

Byteball is definatelly not a scam. Witnesses should be spreaded. Regardless of some opinions i do believe byteball will be back on track. And tech will win on long run.

[afbitcoins]

Will drop my two cents.

I meet Tonych personally with another team member at Bitkom in germany.
Byteball is clearly his project and as a main dev he does makes decisions which we all can accepted or not. The only thing which tonych cannot controll is PRICE

Tonych is great dev and delivers huge amount of work on regualr basis.
Maybe marketing is not the strongest part, maybe decision about airdrop was bad decision but please consider he build this from scratch.
Wallet is working without issue, smart contracts works without issue, there is huge market for altcoins and i do believe byteball will shine.

We goign through cycle which kills many alts. Kills even btc for 100th time. But so what? If product is good, and dev is still here than i dont see this to be a scam.

Just go to Masternode scene and check in there. 99.9% its pure scam.

Byteball is definatelly not a scam. Witnesses should be spreaded. Regardless of some opinions i do believe byteball will be back on track. And tech will win on long run.

I agree with a lot of what you say but..  Why are masternodes a scam? I disagree with that entirely. Provide some reasons for such a remark.  Dash masternodes were a terrific innovation and groundbreaking inspiring many copy cat ideas, not least the Governance and treasury

Back to byteball. YES the witnesses should be spread. And YES the tokens to be distributed.

[s1lverbox]

Will drop my two cents.

I meet Tonych personally with another team member at Bitkom in germany.
Byteball is clearly his project and as a main dev he does makes decisions which we all can accepted or not. The only thing which tonych cannot controll is PRICE

Tonych is great dev and delivers huge amount of work on regualr basis.
Maybe marketing is not the strongest part, maybe decision about airdrop was bad decision but please consider he build this from scratch.
Wallet is working without issue, smart contracts works without issue, there is huge market for altcoins and i do believe byteball will shine.

We goign through cycle which kills many alts. Kills even btc for 100th time. But so what? If product is good, and dev is still here than i dont see this to be a scam.

Just go to Masternode scene and check in there. 99.9% its pure scam.

Byteball is definatelly not a scam. Witnesses should be spreaded. Regardless of some opinions i do believe byteball will be back on track. And tech will win on long run.

I agree with a lot of what you say but..  Why are masternodes a scam? I disagree with that entirely. Provide some reasons for such a remark.  Dash masternodes were a terrific innovation and groundbreaking inspiring many copy cat ideas, not least the Governance and treasury

Back to byteball. YES the witnesses should be spread. And YES the tokens to be distributed.

mn are copy pasta pivx/dash/btc. nothing more. no innovation. like erc20

[afbitcoins]

The only thing which tonych cannot controll is PRICE

Another thing occured to me from your comment. Tonych cannot control price that is true, but he can influence it. Perhaps having the opposite effect than he intended though, (due to aforementioned lack of basic economic principles.) But he can influence it. He controls a good 30-40% of the supply at the moment. Via airdrops (helicopter money) (central bank style tinkering) he does influence the price a lot. So far this has been to the downside which begs the question.. Does Tony prefer the price low for reasons at this time unknown Or does Tony want the price high but keep doing the wrong thing?

[afbitcoins]

Will drop my two cents.

I meet Tonych personally with another team member at Bitkom in germany.
Byteball is clearly his project and as a main dev he does makes decisions which we all can accepted or not. The only thing which tonych cannot controll is PRICE

Tonych is great dev and delivers huge amount of work on regualr basis.
Maybe marketing is not the strongest part, maybe decision about airdrop was bad decision but please consider he build this from scratch.
Wallet is working without issue, smart contracts works without issue, there is huge market for altcoins and i do believe byteball will shine.

We goign through cycle which kills many alts. Kills even btc for 100th time. But so what? If product is good, and dev is still here than i dont see this to be a scam.

Just go to Masternode scene and check in there. 99.9% its pure scam.

Byteball is definatelly not a scam. Witnesses should be spreaded. Regardless of some opinions i do believe byteball will be back on track. And tech will win on long run.

I agree with a lot of what you say but..  Why are masternodes a scam? I disagree with that entirely. Provide some reasons for such a remark.  Dash masternodes were a terrific innovation and groundbreaking inspiring many copy cat ideas, not least the Governance and treasury

Back to byteball. YES the witnesses should be spread. And YES the tokens to be distributed.

mn are copy pasta pivx/dash/btc. nothing more. no innovation. like erc20

Dash developed masternodes. It didn't copy paste because the idea didn't exist.Think again

[s1lverbox]

The only thing which tonych cannot controll is PRICE

Another thing occured to me from your comment. Tonych cannot control price that is ture, but he can influence it. Perhaps having the opposite effect than he intended though, (due to aforementioned lack of basic economic principles.) But he can influence it. He controls a good 30-40% of the supply at the moment. Via airdrops (helicopter money) (central bank style tinkering) he does influence the price a lot. So far this has been to the downside which begs the question.. Does Tony prefer the price low for reasons at this time unknown Or does Tony want the price high but keep doing the wrong thing?

Most likely he knows he cannot dictacte the price. And lack of any movement due to new announcements onyl proves marketing is poor or non existent.
Maybe if he start sponsoring stuff and maybe if he focus more on marketing would change a thing.
But i seriously think he just want tech to work and also he want deliver. Price eventually will catch up.

He could sell his 1% long time ago. but he didnt. which proves he is serious about project.

[s1lverbox]

Will drop my two cents.

I meet Tonych personally with another team member at Bitkom in germany.
Byteball is clearly his project and as a main dev he does makes decisions which we all can accepted or not. The only thing which tonych cannot controll is PRICE

Tonych is great dev and delivers huge amount of work on regualr basis.
Maybe marketing is not the strongest part, maybe decision about airdrop was bad decision but please consider he build this from scratch.
Wallet is working without issue, smart contracts works without issue, there is huge market for altcoins and i do believe byteball will shine.

We goign through cycle which kills many alts. Kills even btc for 100th time. But so what? If product is good, and dev is still here than i dont see this to be a scam.

Just go to Masternode scene and check in there. 99.9% its pure scam.

Byteball is definatelly not a scam. Witnesses should be spreaded. Regardless of some opinions i do believe byteball will be back on track. And tech will win on long run.

I agree with a lot of what you say but..  Why are masternodes a scam? I disagree with that entirely. Provide some reasons for such a remark.  Dash masternodes were a terrific innovation and groundbreaking inspiring many copy cat ideas, not least the Governance and treasury

Back to byteball. YES the witnesses should be spread. And YES the tokens to be distributed.

mn are copy pasta pivx/dash/btc. nothing more. no innovation. like erc20

Dash developed masternodes. It didn't copy paste because the idea didn't exist.Think again

Geez , you really wnat to be so pedantic? dash -->pivx--> all MN at the monent. And yes, none of them solving anything. its huge fools game, sell to greater fool for as high as possible. end of. none of the MN projects brings anything new. There is not even step forward towards adoption. Nothing.  Presale of MN which only gives devs btc. Premine on most of them and then at certain point dump

[afbitcoins]

Will drop my two cents.

I meet Tonych personally with another team member at Bitkom in germany.
Byteball is clearly his project and as a main dev he does makes decisions which we all can accepted or not. The only thing which tonych cannot controll is PRICE

Tonych is great dev and delivers huge amount of work on regualr basis.
Maybe marketing is not the strongest part, maybe decision about airdrop was bad decision but please consider he build this from scratch.
Wallet is working without issue, smart contracts works without issue, there is huge market for altcoins and i do believe byteball will shine.

We goign through cycle which kills many alts. Kills even btc for 100th time. But so what? If product is good, and dev is still here than i dont see this to be a scam.

Just go to Masternode scene and check in there. 99.9% its pure scam.

Byteball is definatelly not a scam. Witnesses should be spreaded. Regardless of some opinions i do believe byteball will be back on track. And tech will win on long run.

I agree with a lot of what you say but..  Why are masternodes a scam? I disagree with that entirely. Provide some reasons for such a remark.  Dash masternodes were a terrific innovation and groundbreaking inspiring many copy cat ideas, not least the Governance and treasury

Back to byteball. YES the witnesses should be spread. And YES the tokens to be distributed.

mn are copy pasta pivx/dash/btc. nothing more. no innovation. like erc20

Dash developed masternodes. It didn't copy paste because the idea didn't exist.Think again

Geez , you really wnat to be so pedantic? dash -->pivx--> all MN at the monent. And yes, none of them solving anything. its huge fools game, sell to greater fool for as high as possible. end of. none of the MN projects brings anything new. There is not even step forward towards adoption. Nothing.  Presale of MN which only gives devs btc. Premine on most of them and then at certain point dump

Sell to greater fool? What are you on about? Most masternode owners view as long term investment. Brings nothing new? In dash it brings native decentralised coin mixing; Instant send, governance and a treasury. The treasury can fund developers and marketing and more. In Dash the number of masternodes is currently near an all time high. People believe and invest in it. There is no dumping. Are you a closet monero investor by any chance?

[meterse]

Fellow cruncher - ramp up for the Thor Challenge!

Not on the team yet? Read the details and join other 875 Byteballers to compete and win!

https://steemit.com/byteball/@byteball.org/byteball-competes-in-world-community-grid-s-thor-challenge

[s1lverbox]

Will drop my two cents.

I meet Tonych personally with another team member at Bitkom in germany.
Byteball is clearly his project and as a main dev he does makes decisions which we all can accepted or not. The only thing which tonych cannot controll is PRICE

Tonych is great dev and delivers huge amount of work on regualr basis.
Maybe marketing is not the strongest part, maybe decision about airdrop was bad decision but please consider he build this from scratch.
Wallet is working without issue, smart contracts works without issue, there is huge market for altcoins and i do believe byteball will shine.

We goign through cycle which kills many alts. Kills even btc for 100th time. But so what? If product is good, and dev is still here than i dont see this to be a scam.

Just go to Masternode scene and check in there. 99.9% its pure scam.

Byteball is definatelly not a scam. Witnesses should be spreaded. Regardless of some opinions i do believe byteball will be back on track. And tech will win on long run.

I agree with a lot of what you say but..  Why are masternodes a scam? I disagree with that entirely. Provide some reasons for such a remark.  Dash masternodes were a terrific innovation and groundbreaking inspiring many copy cat ideas, not least the Governance and treasury

Back to byteball. YES the witnesses should be spread. And YES the tokens to be distributed.

mn are copy pasta pivx/dash/btc. nothing more. no innovation. like erc20

Dash developed masternodes. It didn't copy paste because the idea didn't exist.Think again

Geez , you really wnat to be so pedantic? dash -->pivx--> all MN at the monent. And yes, none of them solving anything. its huge fools game, sell to greater fool for as high as possible. end of. none of the MN projects brings anything new. There is not even step forward towards adoption. Nothing.  Presale of MN which only gives devs btc. Premine on most of them and then at certain point dump

Sell to greater fool? What are you on about? Most masternode owners view as long term investment. Brings nothing new? In dash it brings native decentralised coin mixing; Instant send, governance and a treasury. The treasury can fund developers and marketing and more. What are you on about? In Dash the number of masternodes is currently near an all time high. People believe and invest in it. There is no dumping. Are you a closet monero investor by any chance?

In dash this in dash that. i reffer to MN after dash and pivx. tell me one project AFTER DASH AND PIVX doing something more than just milking good btc for uselles copy of dash or pivx?  long term investment? please. MN is nothing more than simple ponzi, zomething like ico was last year.

[dautay_crypto]

Fellow cruncher - ramp up for the Thor Challenge!

Not on the team yet? Read the details and join other 875 Byteballers to compete and win!

https://steemit.com/byteball/@byteball.org/byteball-competes-in-world-community-grid-s-thor-challenge

It is too complicated to meet requirements to join, but I will try to read them more carefully to see how qualified I am to apply for joining.
Thor Challenge might be a good chance to contribute to Byteball project, a community-supported opportunity.