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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1164655 times)
whotheff
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November 19, 2018, 09:24:47 PM
 #21041


1. why I should prefer one addres before another?

for me they are just a bunch of numbers and letters

At least you have to agree on 11 of 12 network witnesses in order to use the platform.

2. what happens if a trusted witnes goes rouge?

3. What happens when he dies?
Nothing, if their node is still running.

How do I know if i should trust

JEDxxxxxxxxxxxxxxxxxxxxxxxx

or

4GDxxxxxxxxxxxxxxxxxxxxxxx ?

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tarmo888
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November 20, 2018, 02:36:00 AM
 #21042


1. why I should prefer one addres before another?

for me they are just a bunch of numbers and letters

At least you have to agree on 11 of 12 network witnesses in order to use the platform.

2. what happens if a trusted witnes goes rouge?

3. What happens when he dies?
Nothing, if their node is still running.

How do I know if i should trust

JEDxxxxxxxxxxxxxxxxxxxxxxxx

or

4GDxxxxxxxxxxxxxxxxxxxxxxx ?



Your passport number is also just bunch of letters and numbers, the pledge PDF says that Rogier is behind that address.

You might want to read the pledge PDF again https://medium.com/byteball/first-decentralized-witness-candidate-rogier-eijkelhof-9e5619166334

Quote
I have set up a “dead man’s switch” failsafe construction to make sure if I come to die or otherwise unable to personally operate or maintain my witness node, the information to unlock my node keys will become available to 3 trusted members from the community, secured with 2-out-of-3 keys encryption.

All the other witnesses are in control of the Tony, so if you want Byteball to become more decentralized, you will replace Tony's witness. Also, default Hub is in control of Tony, so basically the founder of Byteball suggest you to replace witness that is not him anymore. When all 11 witnesses have replaced (Tony have said to be only one) then it becomes a matter if I should trust old one or new one, until then replace it makes Byteball more decentralized and should be no-brainer thing to do.
whotheff
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November 20, 2018, 03:54:05 AM
 #21043

Thanks for the info.

I think this should be explained when you get the question in the wallet.
Imagine mine (and probably everyone else's) suprise and head scratching
when they ask you if you trust one or another byteball address Smiley


Now i have more questions: can i run a hub under windows OS?
I saw the github repository, but unfortunately have minimal Linux experience.
If it is Linux only, what are the system requireents and is there
a (very) detailed guide how to set it up?
tarmo888
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November 20, 2018, 05:14:32 AM
 #21044

Thanks for the info.

I think this should be explained when you get the question in the wallet.
Imagine mine (and probably everyone else's) suprise and head scratching
when they ask you if you trust one or another byteball address Smiley


Now i have more questions: can i run a hub under windows OS?
I saw the github repository, but unfortunately have minimal Linux experience.
If it is Linux only, what are the system requireents and is there
a (very) detailed guide how to set it up?

Yeah, it works on Linux, Mac and Windows because NodeJS works on all of them. Maybe it can be more difficult on some machines because they might have different stuff pre-installed. I think the biggest obstacle might be sqlite module, which needs Python or MS build tools, but that can be resolved by copying missing folders from your wallet installation.

I get why you ask about running the Hub, but you really shouldn't be running a Hub if you are not building your own wallet for Byteball because asking existing Byteball users to switch to your Hub is not something you want to do (you are not going to get many people to do that). And if you decide to quit running the Hub, it currently breaks the experience of all the people who added you as the Hub.

If you want to help Byteball network then you should be running a relay, which advertises its address itself to other nodes, but doesn't have options to suggest replacing the witnesses.
https://github.com/byteball/byteball-relay

(Very) detailed guide how to setup NodeJS and a headless-wallet/hub/relay are coming soon. Currently all tutorials expect that you already have NodeJS and other essentials installed.
whotheff
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November 20, 2018, 09:23:43 AM
 #21045

Thanks for the info.

I think this should be explained when you get the question in the wallet.
Imagine mine (and probably everyone else's) suprise and head scratching
when they ask you if you trust one or another byteball address Smiley


Now i have more questions: can i run a hub under windows OS?
I saw the github repository, but unfortunately have minimal Linux experience.
If it is Linux only, what are the system requireents and is there
a (very) detailed guide how to set it up?

I get why you ask about running the Hub, but you really shouldn't be running a Hub if you are not building your own wallet for Byteball because asking existing Byteball users to switch to your Hub is not something you want to do (you are not going to get many people to do that). And if you decide to quit running the Hub, it currently breaks the experience of all the people who added you as the Hub.

Please explain why adding a new node (hub) is bad.
As far as Iunderstand it makes the netork faster and more decentralized.
barborrico
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November 20, 2018, 09:47:15 AM
 #21046

Please explain why adding a new node (hub) is bad.
As far as Iunderstand it makes the netork faster and more decentralized.
It is not bad. For using yours, users will have to change the hub config in their wallets. You could customize bot store (it is a list which is downloaded from hub).

AFAIK a hub is full node + service for light wallets
a full node by itself doesn't serve light wallets

Let there be light!
tarmo888
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November 20, 2018, 10:04:51 AM
Merited by whotheff (1)
 #21047

Thanks for the info.

I think this should be explained when you get the question in the wallet.
Imagine mine (and probably everyone else's) suprise and head scratching
when they ask you if you trust one or another byteball address Smiley


Now i have more questions: can i run a hub under windows OS?
I saw the github repository, but unfortunately have minimal Linux experience.
If it is Linux only, what are the system requireents and is there
a (very) detailed guide how to set it up?

I get why you ask about running the Hub, but you really shouldn't be running a Hub if you are not building your own wallet for Byteball because asking existing Byteball users to switch to your Hub is not something you want to do (you are not going to get many people to do that). And if you decide to quit running the Hub, it currently breaks the experience of all the people who added you as the Hub.

Please explain why adding a new node (hub) is bad.
As far as Iunderstand it makes the netork faster and more decentralized.

Yes, it is not bad, it is essentially same as relay, but has features that you do not need (relaying e2ee chat messages). It is more needed for wallet developers, who also need to send push notifications to their app. It is only bad for users if they start to use your Hub address and then you quit running Hub.

Relay is simpler version of Hub and makes the network faster and more decentralized too.
If you want to build an exchange or other business that sends or receives payments then you need to install headless-wallet, which can also act as relay.
slovakia
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November 20, 2018, 11:20:09 AM
 #21048

new witnesses=  Grin
Rogier Eijkelhof  thanks

🕇 BiblePay - CPU only | Masternodes | ROSETTA@HOME Curing diseases | 10% goes to charity 🕇

BiblePay (BBP) | Reddit - Twitter - Forum - Slack - Discord | C-CEX - CoinsMarkets
Rocherss
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November 20, 2018, 11:46:59 AM
 #21049

On-chain oracles can post data (such as timestamps, exchange rates, weather, various events) directly to the database, then that data can be referenced from spending conditions
whotheff
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November 21, 2018, 01:25:14 AM
 #21050

Thanks for the info.

I think this should be explained when you get the question in the wallet.
Imagine mine (and probably everyone else's) suprise and head scratching
when they ask you if you trust one or another byteball address Smiley


Now i have more questions: can i run a hub under windows OS?
I saw the github repository, but unfortunately have minimal Linux experience.
If it is Linux only, what are the system requireents and is there
a (very) detailed guide how to set it up?

I get why you ask about running the Hub, but you really shouldn't be running a Hub if you are not building your own wallet for Byteball because asking existing Byteball users to switch to your Hub is not something you want to do (you are not going to get many people to do that). And if you decide to quit running the Hub, it currently breaks the experience of all the people who added you as the Hub.

Please explain why adding a new node (hub) is bad.
As far as Iunderstand it makes the netork faster and more decentralized.

Yes, it is not bad, it is essentially same as relay, but has features that you do not need (relaying e2ee chat messages). It is more needed for wallet developers, who also need to send push notifications to their app. It is only bad for users if they start to use your Hub address and then you quit running Hub.

Relay is simpler version of Hub and makes the network faster and more decentralized too.
If you want to build an exchange or other business that sends or receives payments then you need to install headless-wallet, which can also act as relay.

Thanks for the info! I'll be waiting for a detailed guide on running a relay then Smiley
PinchClock
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November 22, 2018, 09:32:20 AM
 #21051

Read the Latest Byteball email newsletter: Ask Me Anything with Founder Tony

https://medium.com/@byteballjesus/read-the-latest-byteball-email-newsletter-ask-me-anything-with-founder-tony-31004a756808
Nick808
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November 22, 2018, 09:40:28 AM
 #21052

Thanks for the info.

I think this should be explained when you get the question in the wallet.
Imagine mine (and probably everyone else's) suprise and head scratching
when they ask you if you trust one or another byteball address Smiley


Now i have more questions: can i run a hub under windows OS?
I saw the github repository, but unfortunately have minimal Linux experience.
If it is Linux only, what are the system requireents and is there
a (very) detailed guide how to set it up?

I get why you ask about running the Hub, but you really shouldn't be running a Hub if you are not building your own wallet for Byteball because asking existing Byteball users to switch to your Hub is not something you want to do (you are not going to get many people to do that). And if you decide to quit running the Hub, it currently breaks the experience of all the people who added you as the Hub.

Please explain why adding a new node (hub) is bad.
As far as Iunderstand it makes the netork faster and more decentralized.

as far as im know, there are simply different versions. it's like ethereum you can use an online wallet but you can download the mist and the whole chain. it is not always wise to download the whole chain for small operations.
Simss
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November 22, 2018, 10:06:41 AM
 #21053

Byteball doesn't need POW to work, the WCG distribution is a way among others to initially spread bytes. When a lot of rewards goes to mining pools whose the users don't even know they crunch for ByteBall, it s problem and we try to solve it.
tarmo888
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November 22, 2018, 11:51:51 AM
Last edit: November 23, 2018, 11:37:09 AM by tarmo888
 #21054

Byteball doesn't need POW to work, the WCG distribution is a way among others to initially spread bytes. When a lot of rewards goes to mining pools whose the users don't even know they crunch for ByteBall, it s problem and we try to solve it.

Latest change to max 40 devices (per year) should take care of that kind of WCG workers.
barborrico
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November 22, 2018, 09:05:58 PM
Last edit: November 23, 2018, 12:17:32 AM by barborrico
 #21055


Of course, you can slice their head, and you have sucessfully decentralized a witness.


Looks like you are still trying to make fun of the phrase "decentralized witness".  Maybe not the best way to say it, "independent witness" would sound better but I bet you understood it anyway.

via Imgflip Meme Generator

Let there be light!
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November 23, 2018, 05:27:46 AM
Merited by afbitcoins (5), LoyceV (2), tyz (1)
 #21056

The Byteball Platform - Thoughts on a Rebrand

Greetings Byteball Community and Team.

My apologies for such a long post, and a re-post from our Reddit thread, but I felt some may not see it otherwise and that a full explanation was in order...

It's been a long time since I've posted any content on this thread, because, with a deep history in marketing and trading in various markets, I immediately realized the implications of the insensitive handling of the cancellation of the airdrops back in late Feb early March 2018. Yes, the old model was deeply flawed and needed a massive adjustment, but in my opinion, the goodwill and enthusiasm that the original distribution method generated was very strong and wonderfully price supportive over time, and promoted more everyday use of the assets. It encouraged more widespread adoption, through the energy and enthusiasm it created and it attracted new talent and new investors. It was very community friendly, and that is a good thing from any perspective. Very marketing friendly.

Now, with so many ID related distributions, things seem to have shifted somewhat in the opposite direction. There is not that much opportunity for those of us that prefer more anonymity to feel the excitement of getting an incoming transaction in the wallet. What a shame - I think Byteball is missing out Big Time!

The original distribution method was a very efficient & beneficial way to handle distribution of some of the remaining assets - over a long time into the future if done a bit differently - I believe it was a mistake to cancel them altogether, and a bit of a betrayal of those of us who did not participate in getting any free Bytes, instead, having to purchase them on the open market instead - I knew that the abrupt cancellation would cost the support of a large part of the community, and withdraw one of the pillars of price support in the marketplace. The rest is history.

So, after my appeal for a rethink (see here: https://www.reddit.com/r/ByteBall/comments/7ylc73/dear_tonych/), and a more united community (see here: https://www.reddit.com/r/ByteBall/comments/7zvigt/dear_fellow_byteballers/) got almost no response, in despair, I felt it was futile and began to retire from Byteball and the community, realizing that Byteball was in for a really rough ride with a greatly reduced community and a steady drop in value. However, I never lost my admiration and respect for what Tonych has created or the belief in the concept and infrastructure that has already been built with this amazing technology. I was no longer involved but continued to keep an eye on things.

However, in recent months, things began to change. I recognized that some profoundly new thinking and action plans have been implemented, and while not perfect, they are a huge step in the right direction. I'm extremely encouraged by what I see, and believe it is only a matter of time before this project takes it's rightful place among the top 10 crypto currencies, and so, I decided to re invest some of my time and energy.(almost immediately thereafter, took a 50% cut in terms of fiat :-) - shocking to say the least! The outside buying I expected just wasn't there in enough size to overcome the liquidation trend.

Which brings me to my latest concern:
From watching some of the latest video interviews, and reading team member comments, it seems the Team is considering a name change. If Byteball is to be re-named, it must be done with the utmost care, level thinking and fresh eyes. I do in fact believe we could do better when it comes to a name for the Platform. I have argued strongly against it in the past (see here: https://bitcointalk.org/index.php?topic=1608859.msg28035225#msg28035225), because I didn't think the name was so terrible (like the denomination issue) and it was not the most important thing to be addressed at that time . It would have been a huge amount of work and a huge waste of resources back then. But now, with some foundational elements in place (or in the works) and a more flexible attitude, it could be time to tackle this divisive "name thing".

There are many, many options for a new name, but I believe it should contain the word "Byte" if possible, to maintain some sort of continuity with the legacy product. My thoughts are that an easy way to do this would be to simply rename the platform to G-Byte (As in "the G-Byte Digital Asset Platform") I believe there could be value in leaving the "G" in G-Byte undefined and leaving it to the imagination, but it would be pronounced "G Byte". I like the ambiguity of the "G", because G could mean just "G" or Go or Gas or General or Great or Global or Gravity or Graph or Giga or Genuine or Genius or an endless multitude of different things. Leaving it to the imagination could be a good thing.

But there are many other possibilities as well - the question is how to choose one that lasts. A lot might depend on availability as well, but the name of the Core Platform is not the main reason for this post as I know others are working on it as well.

Above all, I believe the name of Blackbytes should change. It's not a great name in our increasingly politically correct world. I think a far better name for BlackBytes is CashByte. I think we should seize the name CashByte or CashBytes and push it like crazy. I have absolutely no doubt that CashByte could become a household name in a few years time.

In fact, There could be considerable advantages in re-orienting the marketing efforts and shifting to focus equally on the public "G-Byte" (or whatever name is decided) as well as the privacy focused CashByte. There is no reason for this to interfere with any of the current distribution methods or other offerings. It's really worth thinking about.

To test the concept and give the Byteball Community and Team a taste for what a G-Byte, CashByte combo might look and feel like, I will refer to CashByte & G-Byte for the remainder of this post. Old Byteball & Blackbytes = CashByte on the G-Byte Digital Asset Platform.

Here are just a few good reasons to consider this:
1. Everyone knows what cash is and just about everyone who uses a computer knows about Bytes. Ordinary people will immediately understand what CashBytes are.
2. There are twice as many Cashbyte in existence as G-Bytes (presumably the idea was for them to be used twice as much, eventually being the dominant currency), with regular Bytes powering a multitude of other digital assets & ICO's. Shouldn't we be pressing the privacy side much more? Question for Tonych: why were more than twice as many private currency units created? What was the intent?
3. Many of the current top 100 crypto currencies are highly focused on privacy, and clearly, privacy is extremely important in a world of constant and pervasive surveillance. G-Byte has a privacy option on DAG. It's is a vastly underappreciated aspect of the G-Byte platform. Imagine seeing "CashByte" on the G-Byte Digital Asset Platform climbing the ranks of the top 50 again. (if total capitalization includes "CashByte" as well)
4. Changing the marketing orientation from only G-Byte to both CashByte and G-Byte, opens up a whole new world of marketing opportunities, while not in any way interfering with the distribution methods currently in place for the non private currency - in fact, CashByte can be used to illustrate how the public asset is (like Etherium) used to enable transactions for all sorts of assets issued on the G-Byte network, not just CashByte. If you are involved in an ICO, you will need to acquire some G-Byte to enable your project, and if you're using CashByte, you also gonna need some G-Byte to make it happen.

An old idea revitalized:
With a bit of a marketing effort behind it, why not update and re-introduce the old airdrop program on the full moons at a vastly reduced rate. Along with everything that is already in place and on the way, this could give the project a reboot and the attention it deserves. It could be a very powerful growth engine for the decade to come.
Given that there are more than twice as many CashByte as G-Byte still to be distributed (quite a massive amount in fact), I think they can and should be used to create community enthusiasm and outside buying interest for G-Byte. This can easily be done with a vastly reduced airdrop campaign - ideally, a very small amount (say 1- 2% % per year, distributed monthly to G-Byte holders). It would be a fantastic way to repair a misstep of the past, create and maintain buzz and draw in additional development and investors. At this early stage, it could give the platform an automatic publicity and demand boost that it absolutely needs to have to be viable going forward. Seriously, ask yourselves, who is going to buy all of the remaining currency that must be sold to fund the operation without some kind of incentive to do so?

CashByte - Cash made for the Internet Age!

In full disclosure, I have gone to the trouble of registering some domains to try to protect the names I have mentioned. I was worried that they could be unavailable or fall into unsympathetic hands. Not all were available in the exact form desired, but enough of them were secured to make this a viable option if that is what the Team and Community desire.
If the Community, Team and Tony like the idea or a part of it, then it is my intention to transfer ownership of the relevant domain(s) at a nominal fee to the organization. I am asking for 10 GBYTE and 10 x 2.11 GBB (BlackBytes) as payment from the Community funds for my efforts. If no one cares, then I guess it's my loss and I'm ok with that.

P.S. Please bear with me if it takes me a little time to respond to any feedback this post might get - I'm absolutely swamped at the moment.

tarmo888
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November 23, 2018, 10:27:40 AM
Merited by LoyceV (1)
 #21057

In full disclosure, I have gone to the trouble of registering some domains to try to protect the names I have mentioned. I was worried that they could be unavailable or fall into unsympathetic hands. Not all were available in the exact form desired, but enough of them were secured to make this a viable option if that is what the Team and Community desire.
If the Community, Team and Tony like the idea or a part of it, then it is my intention to transfer ownership of the relevant domain(s) at a nominal fee to the organization. I am asking for 10 GBYTE and 10 x 2.11 GBB (BlackBytes) as payment from the Community funds for my efforts. If no one cares, then I guess it's my loss and I'm ok with that.

P.S. Please bear with me if it takes me a little time to respond to any feedback this post might get - I'm absolutely swamped at the moment.

While I don't have much to say about rest of your long post, this part just feels evil. Domains cost $10 and your trouble was worth 30 times of that + whatever the blackbytes are worth? You basically squatted the names to make a profit and then wrote a nice story around it. How many domains did you squatted? To me, it feels like these domains have already fallen into unsympathetic hands, but I guess it doesn't matter much because it hasn't been announced yet what the branding agency came up with.
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November 23, 2018, 12:43:13 PM
 #21058

Did you know, that thanks to a huge team of 120 contributing translators, the Byteball wallet is available in 24 different languages?  Cool
European Central Bank
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November 23, 2018, 12:56:03 PM
 #21059

In full disclosure,

the embodiment of self serving dick move.
tarmo888
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November 23, 2018, 01:50:27 PM
 #21060

In full disclosure,

the embodiment of self serving dick move.

So true Cheesy

Here are some other great ways how to start a sentence:
"No offence, but ..."
"I am not racists, but ..."
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