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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1216764 times)
tarmo888
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November 14, 2018, 01:40:51 PM
 #20941

Byteball gets a shout out by US army:
http://madsciblog.tradoc.army.mil/tag/byteball/

Not really in a positive way, but interesting that they found it it even noteworthy. The article they cite is in Russian, but from the title suggests byteball is under Russian government control.

If you think about it, take the assumption that byteball was funded by Russian intelligence, it was probably a worthwhile venture that collected valuable information and has probably paid for itself many times over.

When Putin for next "decentralized" witness?  Cheesy

Do you just love to spread FUD or do you actually think though anything at all?
And what is that valuable information that the intelligence could be collecting via Byteball that they couldn't get through other means?

Russia laundered $20.8 billion through European banks between 2011 and 2014.
Just between 2005-2012, Russia laundered $234 billion through single Danske Bank branch in Estonia.
Byteball market cap is under $30 million.
So, does it make any sense for money laundering or funding secret projects?
NO. Cryptocurrency exchanges don't let you move more than $10 thousand without KYC. You can send from address to address, but you can't take out, which makes money laundering useless with cryptocurrencies. Cryptocurrencies are not great for money laundering, even when we are finally able to pay all our everyday purchases with them.

Also, I haven't used myself, but didn't blackbytes work so that it is really difficult to do big payments?
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November 14, 2018, 01:46:15 PM
 #20942

Yes. Me and the United States army love spreading fud about shitcoins.
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November 14, 2018, 01:48:29 PM
 #20943


It's quite a bit different than Bitcoin as I'm sure you're aware, considering one Russian guy is in control of the entire network, but that's not really what I was alluding to in terms of it being a potentially worthwhile venture for Russian intelligence.

Let's say they spent a few hundred thousand USD funding byteball and getting it off the ground. Now they get thousands of bitcoin users linking their coins to get bytes, followed by real name attestation of thousands of users, as well as steem attestation of users. For people that did all three, the Russian intelligence (or at the very least Tony) can tie together the real name, Bitcoin holdings, and political proclivities of thousands of people. Don't you think political operatives or tax authorities or police state might find this information useful? Even if it's not an intelligence operation, doesn't it make you somewhat squeamish that Tony could sell this information to Cambridge analytica or its ilk?

Yes, there's a meme about maybe the CIA launched Bitcoin, but it's not nearly such a straight line as this, and Satoshi never asked for your drivers license and a selfie.

Sorry for the whining. Carry on berating bag holders...


None of these attestations are required in order do use Byteball and you don't even have to do it from same devices and for same addresses.
Point of KYC is exactly that, do link your address to a person, so if you are fine with that, there is should be a problem, but if you take any service as a potentially a one who could sell it to Cambridge Analytica then just don't insert info that you are not comfortable with.
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November 14, 2018, 01:49:20 PM
 #20944

Quote
and under the assumption that via black bites contract killers, drugs, weapons, etc. are traded, the witnesses would get into the line of fire as a single point of failures in every state, and would also be just as easily eliminated.
no need even black bites, people will do it with white balls. All witnesses will be arested, because technically they are the administrators of the payment network used for illegal activities, without requirement KYC and AML for all it's users.
Bitcoin was not the first type of online money to be ever created, as it was preceded by E-Gold and Liberty Reserve, to name a few. The creator of Liberty Reserve was sentenced to 20 years in prison on May 6th.
The founder of the digital currency service Liberty Reserve has been sentenced to 20 years in prison.
Prosecutors in New York said many of its clients had been cybercriminals who had sought to move funds anonymously.
Two other men involved in the business were sentenced to shorter jail terms.
Two more people will be sentenced on 13 May.
The authorities are still trying to locate a further two suspects.
Users had to provide a name, date of birth and an email address - but prosecutors said fake credentials had been accepted.
Account holders "converted" their cash into one of the company's digital currencies, following which an "instantaneous" transfer was made and the sum converted back into real-world cash.
For this, the company charged up to $2.99 (£1.98) per transaction
Arthur Budovsky, who was responsible for creating and running this platform, was taken into custody by Spanish law enforcement agencies, and later on extradited to the US


https://www.bbc.com/news/technology-36247289
Thank you very much @pineapple express.

----------------------------
Nothing is carved in stone, not even the current bite ball protocol.
There is still time to change the protocol. Unfortunately you tend not to use this time.

We useless lazybones can't do more than point it out.
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November 14, 2018, 02:20:03 PM
 #20945

Question: How does a sectarian react to fundamental arguments?
Answer: With ignorance. It cannot be what may not be.

In a few days/weeks/months the next rounds will come on the subject of witnesses. - Back to the beginning.

The linked article from @jwinterm seems more and more plausible to me.
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November 14, 2018, 02:50:37 PM
 #20946

@Random String Symphony

In fact, I understand very little from the technical point of view, and thus I share the state of knowledge with the masses.

What interests me as a layman:
What happens if all witnesses are shut down by state agreements and the further operation of such witnesses is made illegal internationally?

What consequences does such a scenario have for an inexperienced user of the bite ball wallet who does not read along here in the forum or on Slack or obtain information elsewhere?


You don't understand how technically things work, yet you feel that people who do understand should take your opinions seriously?
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November 14, 2018, 02:56:13 PM
Last edit: November 14, 2018, 03:31:35 PM by CryptoUnicornRider
 #20947

Byteball gets a shout out by US army:
http://madsciblog.tradoc.army.mil/tag/byteball/

Not really in a positive way, but interesting that they found it it even noteworthy. The article they cite is in Russian, but from the title suggests byteball is under Russian government control.

If you think about it, take the assumption that byteball was funded by Russian intelligence, it was probably a worthwhile venture that collected valuable information and has probably paid for itself many times over.

When Putin for next "decentralized" witness?  Cheesy

Hello jwinterm,

So, because it was founded by a Russian guy, maybe even a Russian intelligence guy, the Byteball technical proposal doesn't deserve respect ?

Who was Satoshi Nakamoto ? Could it be a CIA guy or group trying to make CIA money less trackable ?

Your argument is ridiculous.

Btw, thank you for the article :-)

It's quite a bit different than Bitcoin as I'm sure you're aware, considering one Russian guy is in control of the entire network, but that's not really what I was alluding to in terms of it being a potentially worthwhile venture for Russian intelligence.

Let's say they spent a few hundred thousand USD funding byteball and getting it off the ground. Now they get thousands of bitcoin users linking their coins to get bytes, followed by real name attestation of thousands of users, as well as steem attestation of users. For people that did all three, the Russian intelligence (or at the very least Tony) can tie together the real name, Bitcoin holdings, and political proclivities of thousands of people. Don't you think political operatives or tax authorities or police state might find this information useful? Even if it's not an intelligence operation, doesn't it make you somewhat squeamish that Tony could sell this information to Cambridge analytica or its ilk?

Yes, there's a meme about maybe the CIA launched Bitcoin, but it's not nearly such a straight line as this, and Satoshi never asked for your drivers license and a selfie.

Sorry for the whining. Carry on berating bag holders...


Hi jwinterm,

Yes, indeed, these data could be used against holders by tax administrations and governments.

But it's a naive way of thinking. When I want to buy bitcoins in my country, I have several choices. Unfortunately, in most of them, I have to provide my phone number or go trough a KYC process. Obviously, there are other means to proceed but in most of them, there is always a fingerprint which authorities can follow easily if they consider that I'm a person of interest.

And last methods available to acquire some btc are potentially dangerous.

Worst, if I want to sell my btc or other cryptos without risk, I have always to provide a data that will allow my government to find me if it wishes. Obviously, I can try to sell it dangerously for cash in streets.

And if I want to trade some shitcoins, I have several no-KYC platforms at my disposal but at my own risks obviously. And all good ones require a KYC process.

Basically, I cannot hide without assuming safety risks for myself. So, why trying to hide myself when my money is honest ?

Don't be sorry for the whining because I understand it. I could do the same thing but I have to be rational and defend my bag.  The best way I found to defend it, it's investing myself to educate people to how powerful is the Byteball technology and the opportunity it represents for the future.

My point is definitely not to offend people or to mock them but I hate disloyal arguments and unfair/ignorant propaganda. For instance, using the russophobia against Byteball is an unfair argument in my opinion. And when we know the Byteball KYC process goes through Jumio which is a US company related to US banking system, it's yet more unfair and disloyal.

Obviously, everybody is welcome on the Byteball BitcoinTalk thread but courtesy is required to keep the thread useful to the biggest number possible. That's all.

See you soon ;-)
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November 14, 2018, 03:18:14 PM
 #20948

Question: How does a sectarian react to fundamental arguments?
Answer: With ignorance. It cannot be what may not be.

In a few days/weeks/months the next rounds will come on the subject of witnesses. - Back to the beginning.

The linked article from @jwinterm seems more and more plausible to me.

Hi Thul,

Since I'm reading you, I can't stop thinking that all your posts and word choices reflect your own unconsciousness. Are you living in some tyrannic, hateful and abnormally puritan country ?

My point is obviously not to offend you but you should stop using despicable words.

You reveal you don't understand the technology, so why continuing to attack something you don't understand ? This neurotic behavior makes you look like an obscurantist.

You should sincerly take the time to understand what is happening and if you're not able to support a bear market caused by greedy and selfish people (early investors, speculators and ignorant people), maybe you should simply sell your bag to protect your own mental health.

Regards
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November 14, 2018, 04:01:59 PM
 #20949

https://steemit.com/byteball/@barborrico/witnesses-in-byteball-and-ii

I'll translate the answer:
Without witnesses, the payment system would collapse.
Oh, really??!?! I didn't know it!!!

Quote
Byteball needs witnesses. With a fixed list it would work too. In any case, the way of changing the list, determines who has the power over the system.
You did not read.

As a result of an international mass adoption (which is what we are striving for) and under the assumption that via black bites contract killers, drugs, weapons, etc. are traded, the witnesses would get into the line of fire as a single point of failures in every state, and would also be just as easily eliminated.
You are wrong. As a result of an international mass adoption, there would be economic incentives that would impede such scenario.

Moreover, it would be questionable whether in such a negative environment reputable witnesses can be found at all.
Negative... and talking about the result of an international mass adoption... no comment

So let us hope that there is no mass adoption?
In the shadow of Bitcoin and Monero and for a small nerdy target group bite ball could surely survive.
Time will tell, don't worry.

- The sale of marijuana is prohibited in most countries of the world, while the sale of tobacco and alcohol is encouraged. It has been proven that marijuana is the least harmless from this list and even contributes to the treatment of certain disorders.
Most is different from all. They don't agree on nothing.

- AML, KYC
- customs duties impede free trade and encourage monopolism of the elect by government
Did explicitly agreed states on this? I don't think so.



no need even black bites, people will do it with white balls. All witnesses will be arested, because technically they are the administrators of the payment network used for illegal activities, without requirement KYC and AML for all it's users.
Yes, yes, state is god.


Bitcoin was not the first type of online money to be ever created, as it was preceded by E-Gold and Liberty Reserve, to name a few. The creator of Liberty Reserve was sentenced to 20 years in prison on May 6th.
The founder of the digital currency service Liberty Reserve has been sentenced to 20 years in prison.

Prosecutors in New York said many of its clients had been cybercriminals who had sought to move funds anonymously.
Two other men involved in the business were sentenced to shorter jail terms.
Two more people will be sentenced on 13 May.
The authorities are still trying to locate a further two suspects.
Users had to provide a name, date of birth and an email address - but prosecutors said fake credentials had been accepted.
Account holders "converted" their cash into one of the company's digital currencies, following which an "instantaneous" transfer was made and the sum converted back into real-world cash.
For this, the company charged up to $2.99 (£1.98) per transaction
Arthur Budovsky, who was responsible for creating and running this platform, was taken into custody by Spanish law enforcement agencies, and later on extradited to the US


https://www.bbc.com/news/technology-36247289
What happened with confirmed transactions? Destroyed.

The same would not happen with byteball. Witnesses have nothing to say about/they can't harm already confirmed transactions. CANNOT.

Panic? For sure. Unrecoverable error? Not at all. Platform broken? Don't make me laugh...
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November 14, 2018, 04:24:49 PM
Last edit: November 14, 2018, 04:37:27 PM by cryptohunter
 #20950

Hello cryptohunter Grin

Let me quote you first :


[...]
You should really quote the entire post and put it all into context really.
[...]


But why should I put the full quote ?


[...] you can not just grab 2 words from 2 different paragraphs and conflate them to mean the same thing.
[...]


As you wish my dear snowflake  Grin

Hello dear snowflake complainers  Grin


I know you have reading and understanding troubles, so I will limit myself to very simple and very specific questions.


First set of questions :

Do you know what is/are the Byteball product(s) ?

Do you know what is/are the Byteball specific market sector(s) ?

Do you know what is/are the Byteball target group(s) ?

Do you know how to soak up deeply the mind of the Byteball target group(s) ?

Do you know what is/are need(s) of the Byteball target group(s) ?

Do you know what is/are the Byteball method(s) to reach its aim(s) ?




So, you pretend that the Byteball team should focus exclusively on early investors, holders and speculators.


Second set of questions :

Could you explain us why ?

Could you explain us what is the added value of this group for the Byteball platform ?

Could you explain us what have they do for the Byteball platform and what have you do ?



By the way, you pretend that the Byteball team should also focus on building Blackbytes bridges with BISQ and OpenBazaar.


Third set of questions :

Do you know what is Blackbytes ?

Do you know how works Blackbytes ?

Do you know how works BISQ ?

Could you explain us why the Byteball team should help criminals ?

Could you explain us what will be the consequences for the Byteball team and the Byteball platform if they help criminals ?



Don't make me wait too long, I have an article to write and your expertise will help me. By the way, don't hesitate to collaborate and don't hesitate to be more specific than yes or no answers Wink

See you soon

Is it better now Huh

So let's analyse your answer. By honesty, I will add that you were answering to the second set of questions.


been explained, please go and re-read my simple explanation.

then any specific points you don't understand or do not agree with then please come back and I will assist you.

So, basically, you don't really answer to any question. I read all your past answers dear cryptohunter even if I was silent all this time. You are exclusively focus on early adopters, investors and speculators. Worst, you ignore totally the Byteball Foundation aims and all other Byteball target groups. And you definetly don't care about the technology or its possibilities. All your previous posts reveal it without a doubt and by consequence your opinion is biased.

I will allow myself to quote you partly one more time to prove my point.

[...]
I think we are worrying about the wrong thing at the wrong time.

CC is all about speculation right now.

Who is using eos, ada, iota, right now?

Adoption will come later. For now speculators is who you need to worry about. Give them reason to buy and hold byteball. You want to be in the top 10 to top 15 on cmc. Although we know that can be faked and means little because many have such a narrow distribution.
[...]

To conclude


Could you explain us [...] what have you do ?


I think you are just a greedy and selfish speculator who wants more free money without effort. And all your past arguments demonstrate my assumption Grin

I'm waiting better answers from you cryptohunter.



If that is your conclusion it only demonstrates that you are unable to grasp what I have written and likely a lost cause.

The fact that you can't differentiate between quoting a set of unrelated questions that can be answered in in isolation since they are my focus and which I made clear I was addressing - - and a bunch of related material that one needs to read to understand the entire point that is your problem. I think that was clear to most people. You have only made yourself look foolish to conflate the 2 examples as demonstrating the same thing.


Ok just for you ...buttflake

I stick by what I said and it is observably true just by looking at the examples I have given previously.

The greatest advertisement you can have right now is a High MC. (without freak examples none of which bb looks likely to get given right now like front page news on the FT that bb is the answer to fiat replacement) that is simply observable fact. This is a market driven by speculation and investment so if you deny you need to appeal to speculators and investors  - - LOL

I don't know any other person on this forum including you who wants more money for doing nothing. This is a completely foreign concept to every person on this board. I am glad you are here to make sure bb does not appeal to any of those types. The fact you are denying that or hinting it is a terrible thing and that your yourself never consider such things just make you seem even more stupid and fake.

Go find your unicorns elsewhere and ride them hard into financial ruin and exasperation.

Also I have constantly advertised BB and given time and effort trying to stop tonych doing thigns like giving it all to other ico managers, appeal to noobs that consider bb more expensive that iota and other things of vital importance.

What have you done noob trash? waste peoples time explaining things to you that should be obvious.

Also I am very suspicious of several low post low merit accounts with the same type of just about English all arriving on this thread with more or less the same protectionist unreasonable illogical thought patterns. This is likely the same person.



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November 14, 2018, 04:48:02 PM
 #20951

Hehe, I can already see the first reputable witnesses leaving the bite ball ship as soon as the trade in drugs and weapons increases, the blackmail potential of crypto currencies first becomes known to a wider public, and the state's security organs are terrified. When, in the course of this, the media strike a big blow: "Strawberries, oranges, pears are prepared with needles. In the last two weeks alone, 23 deaths have occurred. Global blackmail gang demands 100 million USD to be paid in a crypto currency of a project called Byteball."

The publicly known witnesses then come into the focus of an enraged mob.
Threats...  maybe even lynchings...

Have fun in the bite ball echo chamber.  Cool

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November 14, 2018, 04:56:22 PM
 #20952

balls sell off
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November 14, 2018, 05:12:01 PM
 #20953

balls sell off

Everything is on sale!
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November 14, 2018, 05:16:35 PM
Last edit: November 14, 2018, 05:35:03 PM by CryptoUnicornRider
 #20954

Hello cryptohunter Grin

Let me quote you first :


[...]
You should really quote the entire post and put it all into context really.
[...]


But why should I put the full quote ?


[...] you can not just grab 2 words from 2 different paragraphs and conflate them to mean the same thing.
[...]


As you wish my dear snowflake  Grin

Hello dear snowflake complainers  Grin


I know you have reading and understanding troubles, so I will limit myself to very simple and very specific questions.


First set of questions :

Do you know what is/are the Byteball product(s) ?

Do you know what is/are the Byteball specific market sector(s) ?

Do you know what is/are the Byteball target group(s) ?

Do you know how to soak up deeply the mind of the Byteball target group(s) ?

Do you know what is/are need(s) of the Byteball target group(s) ?

Do you know what is/are the Byteball method(s) to reach its aim(s) ?




So, you pretend that the Byteball team should focus exclusively on early investors, holders and speculators.


Second set of questions :

Could you explain us why ?

Could you explain us what is the added value of this group for the Byteball platform ?

Could you explain us what have they do for the Byteball platform and what have you do ?



By the way, you pretend that the Byteball team should also focus on building Blackbytes bridges with BISQ and OpenBazaar.


Third set of questions :

Do you know what is Blackbytes ?

Do you know how works Blackbytes ?

Do you know how works BISQ ?

Could you explain us why the Byteball team should help criminals ?

Could you explain us what will be the consequences for the Byteball team and the Byteball platform if they help criminals ?



Don't make me wait too long, I have an article to write and your expertise will help me. By the way, don't hesitate to collaborate and don't hesitate to be more specific than yes or no answers Wink

See you soon

Is it better now Huh

So let's analyse your answer. By honesty, I will add that you were answering to the second set of questions.


been explained, please go and re-read my simple explanation.

then any specific points you don't understand or do not agree with then please come back and I will assist you.

So, basically, you don't really answer to any question. I read all your past answers dear cryptohunter even if I was silent all this time. You are exclusively focus on early adopters, investors and speculators. Worst, you ignore totally the Byteball Foundation aims and all other Byteball target groups. And you definetly don't care about the technology or its possibilities. All your previous posts reveal it without a doubt and by consequence your opinion is biased.

I will allow myself to quote you partly one more time to prove my point.

[...]
I think we are worrying about the wrong thing at the wrong time.

CC is all about speculation right now.

Who is using eos, ada, iota, right now?

Adoption will come later. For now speculators is who you need to worry about. Give them reason to buy and hold byteball. You want to be in the top 10 to top 15 on cmc. Although we know that can be faked and means little because many have such a narrow distribution.
[...]

To conclude


Could you explain us [...] what have you do ?


I think you are just a greedy and selfish speculator who wants more free money without effort. And all your past arguments demonstrate my assumption Grin

I'm waiting better answers from you cryptohunter.




If that is your conclusion it only demonstrates that you are unable to grasp what I have written and likely a lost cause.

Maybe, but could you explain us what we can conclude about you with this partial quote :

[...]
I think we are worrying about the wrong thing at the wrong time.

CC is all about speculation right now.

Who is using eos, ada, iota, right now?

Adoption will come later. For now speculators is who you need to worry about. Give them reason to buy and hold byteball. You want to be in the top 10 to top 15 on cmc. Although we know that can be faked and means little because many have such a narrow distribution.
[...]


The fact that you can't differentiate between quoting a set of unrelated questions that can be answered in in isolation since they are my focus and which I made clear I was addressing - - and a bunch of related material that one needs to read to understand the entire point that is your problem. I think that was clear to most people. You have only made yourself look foolish to conflate the 2 examples as demonstrating the same thing.

Ok, maybe I'm foolish but you just confess that you're exclusively focus on speculators.

Ok just for you ...buttflake

A free insult, nice argument

I stick by what I said and it is observably true just by looking at the examples I have given previously.

I stick about what you said, have you a problem with your past words ?

The greatest advertisement you can have right now is a High MC. (without freak examples none of which bb looks likely to get given right now like front page news on the FT that bb is the answer to fiat replacement) that is simply observable fact. This is a market driven by speculation and investment so if you deny you need to appeal to speculators and investors  - - LOL

Indeed, CC markets are driven by speculation, but speculators are not the main target group of the Byteball platform. In fact, Byteball team used them to attract spotlights on the platform. What don't you understand with mass/wide adoption and real world adoption ? Is it too cryptic for your speculator mind ?

I don't know any other person on this forum including you who wants more money for doing nothing. This is a completely foreign concept to every person on this board. I am glad you are here to make sure bb does not appeal to any of those types. The fact you are denying that or hinting it is a terrible thing and that your yourself never consider such things just make you seem even more stupid and fake.

So, what want speculators ? Educate me please, because as you noticed I'm stupid and fake.

Go find your unicorns elsewhere and ride them hard into financial ruin and exasperation.

Everyone is free to spend is money as he wishes.

Also I have constantly advertised BB and given time and effort trying to stop tonych doing thigns like giving it all to other ico managers, appeal to noobs that consider bb more expensive that iota and other things of vital importance.

First honest assertion, indeed, you tried to warn him that Bytes would be concentrated in the wrong hands. But did he do it on purpose or naively?

What have you done noob trash? waste peoples time explaining things to you that should be obvious.

One more insult, you're so elegant. And what have you explain except your own neurosis ? Should I justify myself to a poorly educated person like you ?

Also I am very suspicious of several low post low merit accounts with the same type of just about English all arriving on this thread with more or less the same protectionist unreasonable illogical thought patterns. This is likely the same person.

So, newcomers are not welcomed in your world. Thank you for the honesty. It's one more proof about your selfishness and greediness. By the way, my apologies about my bad english, I'm a french speaker.
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November 14, 2018, 05:21:27 PM
Last edit: November 14, 2018, 05:39:15 PM by CryptoUnicornRider
 #20955

Hehe, I can already see the first reputable witnesses leaving the bite ball ship as soon as the trade in drugs and weapons increases, the blackmail potential of crypto currencies first becomes known to a wider public, and the state's security organs are terrified. When, in the course of this, the media strike a big blow: "Strawberries, oranges, pears are prepared with needles. In the last two weeks alone, 23 deaths have occurred. Global blackmail gang demands 100 million USD to be paid in a crypto currency of a project called Byteball."

The publicly known witnesses then come into the focus of an enraged mob.
Threats...  maybe even lynchings...

Have fun in the bite ball echo chamber.  Cool



drugs, weapons, blackmail, enraged mob, threats, lynchings, bite ball... your unsconscient neurosis seems heavy.
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November 14, 2018, 05:26:51 PM
 #20956

Hehe, I can already see the first reputable witnesses leaving the bite ball ship as soon as the trade in drugs and weapons increases, the blackmail potential of crypto currencies first becomes known to a wider public, and the state's security organs are terrified. When, in the course of this, the media strike a big blow: "Strawberries, oranges, pears are prepared with needles. In the last two weeks alone, 23 deaths have occurred. Global blackmail gang demands 100 million USD to be paid in a crypto currency of a project called Byteball."

The publicly known witnesses then come into the focus of an enraged mob.
Threats...  maybe even lynchings...

Have fun in the bite ball echo chamber.  Cool

Go on, why stopped? What will happen next?
What can they force those witnesses to do?
Convince all of them to censor some specific transactions?
Even if they manage to convince 7 witnesses to do something that specific, all of those 7 witnesses will be replaced with hard-fork.
Or you expect some witness will give up their position because of the pressure? They will be replaced by Byteball users.
By that time there will be plenty of witnesses to choose, or you think no new witnesses will stand up for that position then?

Maybe here is your answer why nobody cares about Byteball + BISQ + OpenBazaar.
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November 14, 2018, 05:40:32 PM
Last edit: November 14, 2018, 05:56:38 PM by cryptohunter
 #20957

@unicorn

I can't quote all of that since it will take up too much space. People need to scroll up to view the previous post you made.

there is either too much being lost in translation or you simply do not understand what I am saying. Trying to deny what i have merely observed and pointed out is pointless.

Everything I have suggested in the past would have clearly benefitted the project. There is nothing more to be said about it.

No tonych was not naive we had discussed going ahead would land the largest proportions with those ico managers and exchanges.
I am not in favour of airdrops to bitcoin holders anyway just on the basis i would not give the already most wealthy the most.

I am as selfish and greedy as any other normal person here. However arguing against airdropping to btc holders was not in my financial favour since i could have linked a lot more than i did and also it suits me financially better than some of my other suggestions. Wide distributions with no immediate super whales is best.

No need to apologise for your english I can not speak french. I just believe you do not fully understand everything that I am trying to convey.

I have no problem with people saying i want more money for doing nothing. However actually I am not doing nothing and if all the effort I had put into this thread and project had had any effect the real bb holders and enthusiasts would be better off and so would tonych. Also as i have explained people who buy and hold your alt are not doing nothing. They are adding to investor confindence which is a form of free advertising and at this time the most powerful type of advertising. When everyone dumps your project and people see it sinking that is showing a lack of confidence which can self perpetuate strongly.

I would love more money for doing nothing for sure that is not something you should doubt is a primary dream of a great proportion of people in the world.

I really honestly do not see your point that you are trying to make?

Are you saying trying to get people to invest and make it look as attractive as possible to future investors and hodlers is less important than drumming up adoption with baker and piano stores. Well that is useful too but the fast route to the top 50 right now is appealing to speculators and investors. Once there you will give yourselves a lot more financial leverage to develop applications and usage and get the attention of those that already have huge opportunities waiting in terms of adoption.  You will need a lot of volume and value to bring in big adopters.

crypotounicornrider    Date Registered:   12-10-2018
tarm0888                  Date Registered:   12-10-2018


come on guys....

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November 14, 2018, 05:42:31 PM
 #20958

Quote
What can they force those witnesses to do?
Convince all of them to censor some specific transactions?
20 years of jail

Quote
Even if they manage to convince 7 witnesses to do something that specific, all of those 7 witnesses will be replaced with hard-fork.
good luck finding people who want to spend the rest of their days in prison
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November 14, 2018, 06:00:42 PM
 #20959

Quote
What can they force those witnesses to do?
Convince all of them to censor some specific transactions?
20 years of jail

Quote
Even if they manage to convince 7 witnesses to do something that specific, all of those 7 witnesses will be replaced with hard-fork.
good luck finding people who want to spend the rest of their days in prison

With that Liberty Reserve example, you are missing the key point, they got busted because of money laundering, the same way how exchanges that doesn't require KYC will get busted with money laundering (or no bank will not accept them if they haven't done it). Byteball witnesses have nothing to do with fiat currencies and bots that accept credit cards also do KYC.
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November 14, 2018, 06:29:17 PM
 #20960

Quote
What can they force those witnesses to do?
Convince all of them to censor some specific transactions?
20 years of jail

Quote
Even if they manage to convince 7 witnesses to do something that specific, all of those 7 witnesses will be replaced with hard-fork.
good luck finding people who want to spend the rest of their days in prison

With that Liberty Reserve example, you are missing the key point, they got busted because of money laundering, the same way how exchanges that doesn't require KYC will get busted with money laundering (or no bank will not accept them if they haven't done it). Byteball witnesses have nothing to do with fiat currencies and bots that accept credit cards also do KYC.
You can be right, but cannot guarantee it.
Decentralized, trustless systems are good because they create a situation in which malicious behavior causes losses, while following the rules makes a profit. Thus, the system remains protected even if each of its participants ready to become malicious.
Your model say "Government won't do any harm because i believe they won't do any harm".
In a crypto community, it is customary to trust systems based on economic initiatives and not on hopes.

Imagine situation. Satoshi, Ross Ulbricht, Mark Karpeles, Roger Ver and 8 other well known people are witnesses of Bitcoin. FBI arrest Ross, shut down SilkRoad. Do you really belive rest of witnesses will not be arrested?

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