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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1161206 times)
tarmo888
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October 12, 2018, 07:31:27 PM
 #20461

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

Chapter 13 says this:
Quote
Payload commission goes to witnesses.  To incentivize witnesses to post
frequently enough, we split payload commission equally among all witnesses who
are quick enough to post within 100 MC indexes after the paying unit (the faster
they post, the faster this unit becomes stable).  If all 12 witnesses have posted
within this interval, each receives 1/12 of the payload commission.  If only one
witness has posted, he receives the entire payload commission.  In the special case
that no witness has posted within this interval, they all receive 1/12 of payload
commission.
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afbitcoins
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October 13, 2018, 12:08:23 AM
 #20462

The floggings will continue until moral improves
CryptoUnicornRider
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October 13, 2018, 12:12:29 AM
 #20463

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

Chapter 13 says this:
Quote
Payload commission goes to witnesses.  To incentivize witnesses to post
frequently enough, we split payload commission equally among all witnesses who
are quick enough to post within 100 MC indexes after the paying unit (the faster
they post, the faster this unit becomes stable).  If all 12 witnesses have posted
within this interval, each receives 1/12 of the payload commission.  If only one
witness has posted, he receives the entire payload commission.  In the special case
that no witness has posted within this interval, they all receive 1/12 of payload
commission.

Hello Tarmo888,

By network fees, I was thinking about the fees of posting units, not about commissions whose I remembered about the 1/12 ratio.
A mix of chapters 13 & 14 give me a more appropriate answer about my "frenquently" & "enòugh" question to continu to fill my blueprint notebook.

I read the whitepaper at beggining of 2017 and didn't take any note, so, I'm doing my homeworks now ;-)

Thank you for help !
cryptohunter
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October 13, 2018, 12:34:48 AM
 #20464

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 is certainly a major issue.






samer123
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October 13, 2018, 08:43:00 AM
 #20465

what's next? 0.00089?  Cheesy
pineapple express
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October 13, 2018, 08:47:14 AM
 #20466

byterbal out of top 200 Shocked
Thul
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October 13, 2018, 08:56:48 AM
 #20467

The inability and ignorance of management correlates with demand. - The whole thing increasingly seems to me to be the ego project of an individual.

Community undesirable.
pineapple express
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October 13, 2018, 09:27:49 AM
Last edit: October 13, 2018, 09:54:24 AM by pineapple express
 #20468

byterbal is a language of value between users. Without users byterbal will fail. Without liquidity there's no users. Without the potential to store value inside of it, byterbal will not have liquidity. Byterbal needs to return bitcoin airdrops and try to start over. If you love byterbal, sell your bytes and show Tony that you against politics of his mediocre marketing team. We need a real community, not the steem bots and twitter shitposters!
meterse
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October 13, 2018, 10:10:06 AM
 #20469

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.


Bytes and Blackbyte are the only balances that show after fresh wallet installs now, not sure why you said Blackbytes dont play a role?
meterse
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October 13, 2018, 10:12:39 AM
 #20470

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 is certainly a major issue.







which? if you mean witness selection please see my previous comment, first time round team is working on it, but network will decide in the future who witnesses will be
whenearth
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October 13, 2018, 10:39:20 AM
 #20471

Got 5 minutes? Here's a worthwhile quick read:

https://steemit.com/byteball/@byteball.org/steem-use-a-thon-by-byteball-winners-announcement

Nice..  Cool
Thul
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October 13, 2018, 10:40:33 AM
Last edit: October 13, 2018, 10:51:50 AM by Thul
 #20472

[...] We need a real community, not the steem bots and twitter shitposters!
A serious commuity doesn't exist anymore after all.

Suggestions to place the thing on a solid foundation are arrogantly ignored. Instead one Gambling Bullshit comes after the other.

Improvement? Absolutely not in sight.

Marketing means a demand-oriented corporate policy, something that Tony's team doesn't understand at all.
Thul
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October 13, 2018, 10:49:54 AM
 #20473

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.


Bytes and Blackbyte are the only balances that show after fresh wallet installs now, not sure why you said Blackbytes dont play a role?
The various inquiries, as it looks with the further parallel distribution of the Blackbytes remain unanswered also after months.

A Blackbyte-Byte exchange has closed in the meantime.

There is still no decentralized possibility to exchange Blackbytes directly for Fiat. Also one does not know whether anything at all can be expected in this direction.

Acceptance points for Blackbytes?
There would be certainly. The team should orient itself only in the right direction.
meterse
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October 13, 2018, 11:26:50 AM
 #20474

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.


Bytes and Blackbyte are the only balances that show after fresh wallet installs now, not sure why you said Blackbytes dont play a role?
The various inquiries, as it looks with the further parallel distribution of the Blackbytes remain unanswered also after months.

A Blackbyte-Byte exchange has closed in the meantime.

There is still no decentralized possibility to exchange Blackbytes directly for Fiat. Also one does not know whether anything at all can be expected in this direction.

Acceptance points for Blackbytes?
There would be certainly. The team should orient itself only in the right direction.


The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume

http://freebe.byte-ball.com/ is run by another community member

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
Thul
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October 13, 2018, 11:45:04 AM
 #20475

The Blackbyte exchange you are referring to was run by a community member, who closed it due to lack of volume
Which doesn't change the fact that there's only one now. - You say it yourself: Lack of demand.
Increasing demand would now be the task of marketing, but that would rather be limited to saying that there is no demand. - Very imaginative.  Roll Eyes

Exchange Blackbytes for fiat? You seem to be missing the point of privacy coins
In the context of a wallet-internal solution (see the decentralized Exchange BISQ), this would be quite feasible (if it were wanted).
This has already been proposed several times here. Feedback: 0

The question of how Blackbyte distribution will continue is still unanswered...
cryptohunter
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October 13, 2018, 12:53:47 PM
 #20476

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 is certainly a major issue.







which? if you mean witness selection please see my previous comment, first time round team is working on it, but network will decide in the future who witnesses will be

well that is promising news anyway.

cryptohunter
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October 13, 2018, 01:01:48 PM
 #20477

Byteball is clearly undervalued compared to many other projects out there.

However this was always going to happen due to the initial distribution of giving HUGE amounts of the minting free to other ico managers.

This was compounded by the messing with the distribution plans over and over.

I agree stopping byteballs based on bitcoin linked but people who bought byteball on the understanding of getting a kind of bb pos payout on full moons should have got them.

All of this folding and steam and other social media is doing nothing. Nobody gets enough to have any real stake in the project and just dumps their dust alsoI  believe most of it is just gamed away since we can seem to muster no votes to get on any exchanges even though we have apparently given some to 1000's of people.

I mean may be better just to give 10% to binance or kucoin directly or some other large exchange.




Best plan = tony keeps 5% and burns the rest

or

tony gets some team together of developers that can push this design to full potential and give them some stake in the project.  I think a total of 15% is more than enough to secure long term development for that.

burn the rest or airdrop it all to currenty holders who more than deserve it for clinging on this long

this project does not deserve to be knocked out of the top 50 and to see it kicked from the top 200 is insane.

I am still accumulating for long term but tonych needs to get involved with the community a lot more.

I would advice taking a more David zimbeck approach. This dev is very active in coding but also answers and listens to his community on many things and takes times to explain his actions so that the community has a lot of faith even when price tanks with all the other alts.

Byteball needs a team not just 1 or 2 people in almost complete isolation.



Guffy
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October 13, 2018, 02:01:09 PM
 #20478

I mean may be better just to give 10% to binance or kucoin directly or some other large exchange.
Best plan = tony keeps 5% and burns the rest
tony gets some team together of developers that can push this design to full potential and give them some stake in the project.  I think a total of 15% is more than enough to secure long term development for that.
burn the rest or airdrop it all to currenty holders who more than deserve it for clinging on this lon

Reserving ~110,433 GB for the Foundation still leaves about 22% of the total supply on the table. To make sure that we won’t sit back and enjoy our monthly dose of GBYTE turned into USD or EUR we also want to reserve 50% of the total 36 month payroll budget for a long term Motivation Plan for team members and advisors. https://medium.com/byteball/the-future-of-byteball-the-byteball-foundation-cca9d495bf46
altcoinb
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October 13, 2018, 02:02:35 PM
 #20479

We need more exchanges! Today a friend ask me "now byteball is very cheap, where i can buy bytes?".
My answer was since 6 months the same, bittrex! But bittrex is for my friend a nogo, because they need ID verification.
The current bad solution is now, he give me money and i buy bytes for him Roll Eyes

It's not just traders on exchanges, there are maybe future users for the byteball plattform.
I love the cheap price at the moment Grin but we need massadoption and a better marketing strategy.

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October 13, 2018, 02:13:21 PM
 #20480

byterbal is a language of value between users. Without users byterbal will fail. Without liquidity there's no users. Without the potential to store value inside of it, byterbal will not have liquidity. Byterbal needs to return bitcoin airdrops and try to start over. If you love byterbal, sell your bytes and show Tony that you against politics of his mediocre marketing team. We need a real community, not the steem bots and twitter shitposters!


"...try to start over".
Following this thread, having found the byteball project about three weeks ago, I realize Tony stopped the bitcoin airdrops because some beneficiaries dumped their GBytes as quickly as possible, causing consistent loss of value. It is the same challenge they are currently facing, where a few accounts sell over 38 BTC worth of Gbyte in 24 hours, set up a huge sell wall everyday, and hold the entire project to ransom, some using free Gbytes they got from airdrops. I don't envy Tony; he is at crossroads - damned if you do; damned if you don't. Things may not be perfect, but the ability to take decisions, stick to them, or correct them if need be (like the great step of stopping bitcoin airdrops), will guide this project to the expected endpoint.
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