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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216113 times)
meterse
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October 18, 2018, 04:11:08 PM
 #20481

98% price retrace with no change in fundamentals is no joke. I suppose that at least a short term bounce is due, maybe even something more.

fundamentals are stronger now, and will be much more so once the community selects witnesses
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Thul
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October 18, 2018, 04:31:27 PM
 #20482

98% price retrace with no change in fundamentals is no joke. I suppose that at least a short term bounce is due, maybe even something more.

fundamentals are stronger now, and will be much more so once the community selects witnesses
At least in the twisting and ignoring of facts, management shows brilliant performances.  Roll Eyes


What is the Byteball Bytes price today?
The current price of Byteball Bytes is 41.487 USD today.

Will Byteball Bytes price drop / fall?
Yes. The price of Byteball Bytes may drop from 41.487 USD to 0.000001 USD. The change will be -100.00%.

Will Byteball Bytes price grow / rise / go up?
No (see above).

Will Byteball Bytes replace / surpass / overtake Bitcoin?
According to our predictions, this won't happen in near future.

Will Byteball Bytes crash?
According to our analysis, this can happen.

https://walletinvestor.com/forecast/byteball-bytes-prediction
altcoinb
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October 18, 2018, 04:44:29 PM
 #20483

My friend is for the "Real Name attestation" to ugly, i try it 3 times  Grin
but with other persons, it works fine.

I hope i create in next time more than 100 attestation Wink
meterse
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October 18, 2018, 04:58:00 PM
 #20484

Get to know the core Byteball team. Video interview with Valerius Coppens, Head of Strategy

https://youtu.be/lvstCXQqhVw



barborrico
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October 18, 2018, 05:14:58 PM
 #20485

98% price retrace with no change in fundamentals is no joke. I suppose that at least a short term bounce is due, maybe even something more.

fundamentals are stronger now, and will be much more so once the community selects witnesses

I will change them when Tony changes default witness list.

I am an end user, I don't have to care about that.
meterse
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October 18, 2018, 06:39:04 PM
 #20486

98% price retrace with no change in fundamentals is no joke. I suppose that at least a short term bounce is due, maybe even something more.

fundamentals are stronger now, and will be much more so once the community selects witnesses

I will change them when Tony changes default witness list.

I am an end user, I don't have to care about that.

correct, its optional
tarmo888
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October 18, 2018, 08:15:59 PM
 #20487

98% price retrace with no change in fundamentals is no joke. I suppose that at least a short term bounce is due, maybe even something more.

fundamentals are stronger now, and will be much more so once the community selects witnesses
At least in the twisting and ignoring of facts, management shows brilliant performances.  Roll Eyes


What is the Byteball Bytes price today?
The current price of Byteball Bytes is 41.487 USD today.

Will Byteball Bytes price drop / fall?
Yes. The price of Byteball Bytes may drop from 41.487 USD to 0.000001 USD. The change will be -100.00%.

Will Byteball Bytes price grow / rise / go up?
No (see above).

Will Byteball Bytes replace / surpass / overtake Bitcoin?
According to our predictions, this won't happen in near future.

Will Byteball Bytes crash?
According to our analysis, this can happen.

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

Why would anybody take anything seriously what Wallet Investor website says? To be critical at something, why wouldn't you be more critical about your sources that you use?
I mean, zero USD is anything lower than 0.01, but they are trying to say that it will go lower than zero, to be precise - 0.000001 USD.
If this is not straight up FUD or lazy coding then what is? How can anybody take seriously anything that just draws a trendline to some abstract small dollar value, without considering the fact that it is not in their control when next bull-market will began?

This website doesn't do any analysis, it just draws a meaningless trendlines. If the price will crash to zero, it will need a reason, not just some event that could happen, but some event that will happen.
Thul
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October 18, 2018, 09:50:09 PM
 #20488

Walletinvestor only analyzes the price trend (which the decisions of the Byteball management are responsible for).

Should the management ever come to its senses, the direction will change again, but so far it doesn't look like that. Hence the forecast towards zero.
CryptoUnicornRider
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October 19, 2018, 02:09:45 AM
Last edit: October 19, 2018, 02:19:53 AM by CryptoUnicornRider
 #20489

Byteball need witnesses + POS. If the witnesses honest, DAG works in the fast mode. If the Byteball witnesses under 51 attack, DAG switch to POS algorithm (slow mode) until 51 attack will not be fixed and the new witnesses will not replace malicious ones.


Hi pineapple express,

What you call 51 attack isn't really possible with the Byteball DAG model because there is no miner and due to the serialized logic of partial orders and then of total orders.

Obviously, majority of witnesses could collude in attempt to rewrite history. Unfortunately for them, an attempt of rewriting history has severe consequences with the Byteball model because everybody is allowed to post/write units/data in the chain/database.

Indeed, every unit posted in the chain has a referenced parent and this parent a chain of referenced ancestors until the genesis unit. Alter the chain of a unit ancestors will create inevitabilly orphan units and potentially break the chain until the genesis unit.

Honnest witnesses can detect this kind of paradoxal events and choose a new chain as best chain. Worst, honnest witnesses will exclude dishonnest ones and communicate about these renegates publicly to be sure that community will exclude them definitively.

In plus, Byteball model tolerates 1 witness permutation that allows potential alternate histories/realities to coexist along the main chain. These alternate chains can be choose to handle the cataclismic event of rewriting attempt.

Eventually, the role of witnesses are to post units periodically every 100 non-witnesses main chain which will be used as lighthouses (or luminous witnesses) by non-witnesses. These navigational aids for non-witnesses allow them to choose the best chain/path until the genesis unit. So, witnesses can't rewrite non-witnesses posts and their "power" is very limited and mainly honorific.

By the way, everybody can run a witness node and set it as its own permuted witness with the possibility of keep the chain healty until the genesis unit with its own reality. Better, we can be the lighthouse of many ;-) Yes, we can be a non-official witness.

Bye
CryptKeeper
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October 19, 2018, 06:11:27 AM
 #20490

Walletinvestor only analyzes the price trend (which the decisions of the Byteball management are responsible for).

Should the management ever come to its senses, the direction will change again, but so far it doesn't look like that. Hence the forecast towards zero.

From the same website:

Quote
What is the Ethereum price today?
The current price of Ethereum is 198.782 USD today.

Will Ethereum price drop / fall?
Yes. The price of Ethereum may drop from 198.782 USD to 0.000001 USD. The change will be -100.00%.


Will Ethereum price grow / rise / go up?
No (see above).

Will Ethereum replace / surpass / overtake Bitcoin?
According to our predictions, this won't happen in near future.

Will Ethereum crash?
According to our analysis, this can happen.

Will Ethereum hit 1 000 USD in a year?
Not within a year ( see above).

Will Ethereum hit 2 000 USD in a year?
Not within a year ( see above).

LOL

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
Thul
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October 19, 2018, 07:26:39 AM
Last edit: October 19, 2018, 07:43:15 AM by Thul
 #20491

Walletinvestor only analyzes the price trend (which the decisions of the Byteball management are responsible for).

Should the management ever come to its senses, the direction will change again, but so far it doesn't look like that. Hence the forecast towards zero.

From the same website:

Quote
What is the Ethereum price today?
The current price of Ethereum is 198.782 USD today.

Will Ethereum price drop / fall?
Yes. The price of Ethereum may drop from 198.782 USD to 0.000001 USD. The change will be -100.00%.


Will Ethereum price grow / rise / go up?
No (see above).

Will Ethereum replace / surpass / overtake Bitcoin?
According to our predictions, this won't happen in near future.

Will Ethereum crash?
According to our analysis, this can happen.

Will Ethereum hit 1 000 USD in a year?
Not within a year ( see above).

Will Ethereum hit 2 000 USD in a year?
Not within a year ( see above).

LOL
I can't say anything about ETH.
My focus is on an initially promising project, but it is becoming increasingly run down over time. The course reflects this (I suppose it's similar at ETH?).

Responsible for this is the arrogance and ignorance of management and development (how one can still allow the association to a bite gag after months of criticism regarding the naming is a mystery to me), and of course an aphatic community that celebrates every gimmick like an absolute technical breakthrough.

Developments which increase the demand and make this currency usable are still not in sight. - But the Byteball project is not alone in this. Only Bitcoin is the exception here, albeit with restrictions.

Edit: On the Walletinvestor side ETH has an "A+" rating, Byteball on the other hand has a "D".
barborrico
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October 19, 2018, 08:34:20 AM
 #20492

In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.

The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).  
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.

Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.

That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.

Don't pretend to be what you are not.
whenearth
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October 19, 2018, 08:55:38 AM
 #20493

In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.

The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).  
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.

Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.

That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.

Don't pretend to be what you are not.

dont worry, the odds on you becoming a witness are 0%

barborrico
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October 19, 2018, 09:12:31 AM
 #20494

Nice answer, but inaccurate:
dont worry, the odds on someone except big companies becoming a witness are 0%

In theory, anyone can be a witness.

In practice, only big companies can.
meterse
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October 19, 2018, 09:21:55 AM
 #20495

Tonys face when he hears barborrico wants to be a witness

Thul
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October 19, 2018, 09:29:25 AM
 #20496

In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.

The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).  
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.

Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.

That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.

Don't pretend to be what you are not.
That is indeed a problem. What could a solution look like?
A secret witness routing the database via TOR?

Publicly known witnesses could easily be eliminated by state despotism and violence.
barborrico
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October 19, 2018, 09:53:42 AM
Last edit: October 19, 2018, 11:14:59 AM by barborrico
 #20497

Tonys face when he hears barborrico wants to be a witness

Yes yes, of course, I don't care about witnesses selection but I want to be one of them

Don't be dumb and reply with arguments please. Well, if you want to help greatly to byteball, as your signature states.
barborrico
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October 19, 2018, 09:59:57 AM
Last edit: October 19, 2018, 11:12:04 AM by barborrico
 #20498

In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.

The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).  
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.

Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.

That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.

Don't pretend to be what you are not.
That is indeed a problem. What could a solution look like?
A secret witness routing the database via TOR?

Publicly known witnesses could easily be eliminated by state despotism and violence.

There is no solution. Byteball team has to assume the truth, and act accordingly. Starting with calling the process "witness distribution" instead of "witness decentralization".

But, as you see, first reaction is laugh to one. Acceptance comes later, after some intermediate states.
meterse
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October 19, 2018, 11:19:05 AM
 #20499



https://twitter.com/ByteballOrg/status/1053243171260588032
whenearth
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October 19, 2018, 11:49:58 AM
 #20500

Tonys face when he hears barborrico wants to be a witness

https://i.imgur.com/SLmh3zH.jpg

lol
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