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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1161237 times)
Thul
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October 12, 2018, 12:13:58 PM
 #20441

Byteball Bytes Price Prediction

" If you are looking for virtual currencies with good return, GBYTE can be a bad, high-risk 1-year investment option. Byteball Bytes price equal to 42.580 USD at 2018-10-11, but your current investment may be devalued in the future. "

https://walletinvestor.com/forecast/byteball-bytes-prediction

Byteball is a currency for gamblers and players. Exactly this impression he also conveys name.

Should the general public finally take this currency seriously, first of all a change of name would be necessary. But the management shows itself very little insightful and unwilling in this direction.
And that is not the only point...

its not for gamblers, gambling is just a current use case

The name (Byteball) suggests something completely different. And this is precisely the point of criticism: The naming

But this argumentation again shows clearly how unwilling one is to encounter public criticism.

more FUD from newbie accounts on bitcointalk
Knowledge resistant and arrogant. Nothing new, then.
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joe1823
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October 12, 2018, 12:17:03 PM
 #20442

It's just impossible to download a full node, same problem as Ethereum.

On chain scaling has been proved to be impossible. ^

This shows why we need small blocks and a second layer for scaling.

unlike ethereum byteball has no blocks

Sure, but it still has a chain of transactions which has become so massive that a full node can't be downloaded on a desktop computer.

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October 12, 2018, 12:24:22 PM
 #20443

... But complaining doesnt help
No, of course not, as long as the management doesn't give a damn about the user's comments.

As long as the thing is called "Byteball", every effort to advance this project is a waste of time and energy.

So if we find a more suitable name, we solve the next problem, but together.
Personally, I really like the name "Byteball". Changing the name does not help make the price high. Everyone was laughing at Dogcoin too))

Bitcoin Miners
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October 12, 2018, 12:32:10 PM
 #20444

It is for Byteball investors, especially someone who bought the coin earlier this year.
Today, Byteball has stood around $41: https://coinmarketcap.com/currencies/byteball/
In addition, I would like to know that whether Cryptopia exchange safely to buy and move Byteball.
Over the last day, only $35 value of Byteball traded there: https://www.cryptopia.co.nz/Exchange?market=GBYTE_BTC

iad_xo
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October 12, 2018, 12:34:03 PM
 #20445

anyone know why deposit is still disable on cryptopia for Byteball?


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Thul
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October 12, 2018, 01:37:54 PM
 #20446

... But complaining doesnt help
No, of course not, as long as the management doesn't give a damn about the user's comments.

As long as the thing is called "Byteball", every effort to advance this project is a waste of time and energy.

So if we find a more suitable name, we solve the next problem, but together.
Personally, I really like the name "Byteball". Changing the name does not help make the price high. Everyone was laughing at Dogcoin too))
Besides an incompetent management, the uncritical community is also responsible for the "success" of this project.

Only with increasing demand does the value increase. A currency that "bites a ball", on the other hand, is not taken seriously.

First of all this problem should be solved.
Then the next in the whole series of failures...
CryptoUnicornRider
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October 12, 2018, 02:30:06 PM
 #20447

Hello Tonych and Byteball team,

In Chapter 6 of the Byteball whitepaper, you say : [...], and also expect them to post frequently enough, [...]

Could you be more explicit about your definiton of "frequently" and "enough" because it could be an open door to abuses even considering the network fees.

Thank you
meterse
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October 12, 2018, 03:11:55 PM
 #20448

It's just impossible to download a full node, same problem as Ethereum.

On chain scaling has been proved to be impossible. ^

This shows why we need small blocks and a second layer for scaling.

unlike ethereum byteball has no blocks

Sure, but it still has a chain of transactions which has become so massive that a full node can't be downloaded on a desktop computer.



it depends on your connection speed, I think most full nodes use remote servers
meterse
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October 12, 2018, 03:13:21 PM
 #20449

anyone know why deposit is still disable on cryptopia for Byteball?

because they have not updated their wallet. they have been unresponsive for a while
meterse
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October 12, 2018, 03:15:27 PM
 #20450

It is for Byteball investors, especially someone who bought the coin earlier this year.
Today, Byteball has stood around $41: https://coinmarketcap.com/currencies/byteball/
In addition, I would like to know that whether Cryptopia exchange safely to buy and move Byteball.
Over the last day, only $35 value of Byteball traded there: https://www.cryptopia.co.nz/Exchange?market=GBYTE_BTC

I suggest trading at cryptox.pl  or bittrex. cryptoia have not updated their wallet, hence lack of volume
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October 12, 2018, 03:38:00 PM
 #20451

It's just impossible to download a full node, same problem as Ethereum.

On chain scaling has been proved to be impossible. ^

This shows why we need small blocks and a second layer for scaling.

unlike ethereum byteball has no blocks

Sure, but it still has a chain of transactions which has become so massive that a full node can't be downloaded on a desktop computer.

it depends on your connection speed, I think most full nodes use remote servers

Actually, it mainly depends on your drive. Even with a fiber optic internet connection, if you don't have an SSD, then syncing just gets insanely slow at some point. If you want a full node, you must use an SSD.

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October 12, 2018, 03:52:12 PM
Last edit: October 12, 2018, 04:05:02 PM by pineapple express
 #20452

It's just impossible to download a full node, same problem as Ethereum.

On chain scaling has been proved to be impossible. ^

This shows why we need small blocks and a second layer for scaling.

unlike ethereum byteball has no blocks

Sure, but it still has a chain of transactions which has become so massive that a full node can't be downloaded on a desktop computer.

it depends on your connection speed, I think most full nodes use remote servers

Actually, it mainly depends on your drive. Even with a fiber optic internet connection, if you don't have an SSD, then syncing just gets insanely slow at some point. If you want a full node, you must use an SSD.
so basically byterbak get rid of blocks and get relativity fast, cheap transactions and finality in exchange for decentralization and ddos resistance? Is this worth it?
jwinterm
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October 12, 2018, 04:07:19 PM
 #20453

It's just impossible to download a full node, same problem as Ethereum.

On chain scaling has been proved to be impossible. ^

This shows why we need small blocks and a second layer for scaling.

unlike ethereum byteball has no blocks

Sure, but it still has a chain of transactions which has become so massive that a full node can't be downloaded on a desktop computer.

it depends on your connection speed, I think most full nodes use remote servers

Actually, it mainly depends on your drive. Even with a fiber optic internet connection, if you don't have an SSD, then syncing just gets insanely slow at some point. If you want a full node, you must use an SSD.
so basically byterbak get rid of blocks and get relativity fast, cheap transactions and finality in exchange for decentralization and ddos resistance? Is this worth it?

Requiring an SSD isn't really sacrificing decentralization; having one dude run all twelve validating nodes is though. And having one dude hand pick a replacement for four of them isn't solving the issue.
meterse
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October 12, 2018, 04:18:48 PM
 #20454

It's just impossible to download a full node, same problem as Ethereum.

On chain scaling has been proved to be impossible. ^

This shows why we need small blocks and a second layer for scaling.

unlike ethereum byteball has no blocks

Sure, but it still has a chain of transactions which has become so massive that a full node can't be downloaded on a desktop computer.

it depends on your connection speed, I think most full nodes use remote servers

Actually, it mainly depends on your drive. Even with a fiber optic internet connection, if you don't have an SSD, then syncing just gets insanely slow at some point. If you want a full node, you must use an SSD.
so basically byterbak get rid of blocks and get relativity fast, cheap transactions and finality in exchange for decentralization and ddos resistance? Is this worth it?

Requiring an SSD isn't really sacrificing decentralization; having one dude run all twelve validating nodes is though. And having one dude hand pick a replacement for four of them isn't solving the issue.

yes fair point however the first 12 witnesses will not be forever, and future witness selection will not be by the team.

the plan is to get higher profile witnesses later than the first ones (which will be replaced). but right now as the witness model is still untested its unrealistic to think any household name would be one yet
joe1823
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October 12, 2018, 04:40:09 PM
 #20455

It's just impossible to download a full node, same problem as Ethereum.

On chain scaling has been proved to be impossible. ^

This shows why we need small blocks and a second layer for scaling.

unlike ethereum byteball has no blocks

Sure, but it still has a chain of transactions which has become so massive that a full node can't be downloaded on a desktop computer.

it depends on your connection speed, I think most full nodes use remote servers

Actually, it mainly depends on your drive. Even with a fiber optic internet connection, if you don't have an SSD, then syncing just gets insanely slow at some point. If you want a full node, you must use an SSD.
so basically byterbak get rid of blocks and get relativity fast, cheap transactions and finality in exchange for decentralization and ddos resistance? Is this worth it?

Requiring an SSD isn't really sacrificing decentralization; having one dude run all twelve validating nodes is though. And having one dude hand pick a replacement for four of them isn't solving the issue.

This ^.
pineapple express
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October 12, 2018, 04:43:01 PM
 #20456

It's just impossible to download a full node, same problem as Ethereum.

On chain scaling has been proved to be impossible. ^

This shows why we need small blocks and a second layer for scaling.

unlike ethereum byteball has no blocks

Sure, but it still has a chain of transactions which has become so massive that a full node can't be downloaded on a desktop computer.

it depends on your connection speed, I think most full nodes use remote servers

Actually, it mainly depends on your drive. Even with a fiber optic internet connection, if you don't have an SSD, then syncing just gets insanely slow at some point. If you want a full node, you must use an SSD.
so basically byterbak get rid of blocks and get relativity fast, cheap transactions and finality in exchange for decentralization and ddos resistance? Is this worth it?

Requiring an SSD isn't really sacrificing decentralization; having one dude run all twelve validating nodes is though. And having one dude hand pick a replacement for four of them isn't solving the issue.
i mean byterbal got rid of the blocks and lost decentralization. Is the DAG really so cool?
2009 blockchain - got rid of the central banks. Wow we can change the world of money with this.
2018 DAG - got rid of the decentralization. Central banks (the King in byterbal case) is good, 17 tps and network under ddos, crypto 3.0 weeeeeeee no blocks no problems.
jbreher
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October 12, 2018, 05:11:33 PM
 #20457

On chain scaling has been proved to be impossible. ^

^^^ Bald assertion, devoid of any supporting evidence.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
jbreher
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October 12, 2018, 05:16:48 PM
 #20458

Personally, I really like the name "Byteball". Changing the name does not help make the price high. Everyone was laughing at Dogcoin too))

Yes, but Dogecoin has an image built around an iconic mascot that is universally viewed as cute and cuddly.

'Bite My Balls' does not conjure up a similarly endearing image.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
Thul
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October 12, 2018, 06:14:19 PM
 #20459

I found the name repulsive from the beginning. The only reason why I was involved with the project at that time was the "Blackbytes". But they probably don't play a role anymore. The various inquiries in this direction are ignored obtrusively.
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October 12, 2018, 06:52:20 PM
 #20460

b) The Unit Byte: I know, this is a much discussed topic and actually the unit is good. In reality, the representation of bytes and the jump between bytes, MB and GB is often confusing. For example, it took me two tries to transfer the correct amount from my desktop wallet (unit there: GB) to my mobile wallet (unit there: MB), although I'm actually very familiar with bytes, megabytes, and so on. So I used a wrong value in GB and sent me 0.1 MB, although I wanted to send 100 MB. I was just too lazy to switch my desktop wallet to MB.
Furthermore, the block explorer with bytes as a unit is not usable by the human eye. There are just too big numbers to capture them at a glance. Generally I would recommend to relaunch the block explorer. The Explorer is very confusing.
My recommendation would be to install a simple switch anywhere in the UI or to take MB as the default, at least for the block explorer.

c) Website / Communication: Honestly, the website seems to me "too cheap". Sorry for the harsh words. The website / communication (+ YT, Twitter, etc.) is not worthy of a multi-million dollar project. The website looks like a $ 25 WordPress theme. This always strikes me when the buttons "Subscribe to Newsletter" and "Download Wallet" appear. This looks like a "purchased standard theme"! A simple website was good at the beginning and underlined the "it just works" principle. But this has to evolve. The website and the whole communication concept should promote real professionals, not just a single graphic designer or individual consultant. Take a real communication leader and put everything to the test. I mean, for example an agency like the one that has created the new corporate logo and developed the new livery of the aircraft at Lufthansa. An agency from this league. Byteball also plays in this league. This costs a lot of money, yes, but it is well spent money.


b) Starting from wallet version 2.6.0, there is a simple quick switch of unit size in the UI (join Slack or subscribe to newsletter Tongue to be up-to-date with changes). On Send screen, just click on unit name and if it is bytes or blackbytes then it will open the unit size selection screen.
I don't understand complaints about unit size because in most cases you don't even need to insert them manually, usually it is another user or bot that is asking you do pay certain amount of bytes and when you click that link then your Send screen is automatically filled with right amount no matter what unit size you have selected. And even if somebody asked you send amount in unit size that you are not using then pick that unit size and send that exact amount, with that new UI shortcut, you can do that.
Also, that criticism about default unit size is also bit nonsense because it doesn't matter what unit size exchanges use (they use usually the biggest, not satoshis nor litoshis), exchange users are not Byteball users too, they trade IOUs, if they send a GBYTE to their wallet then by default it is displayed as bytes, if the user picked something else, it was their choice.

c) The website has evolved, current one is not the original simple design it had since beginning, if you want to see how it looked before then Danish https://byteball.org/index.html.da and Spanish are still with old design https://byteball.org/index.html.es
The name and the design are always the easiest things to complain about any project, but most time, changing them doesn't matter as much as they seem to matter based on the urgency that complainers say these have.
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