Bitcoin Forum
May 30, 2020, 06:25:30 PM *
News: Latest Bitcoin Core release: 0.19.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 1067 1068 1069 1070 1071 1072 1073 1074 [1075] 1076 1077 1078 1079 1080 1081 1082 1083 1084 1085 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 »
  Print  
Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1208800 times)
tarmo888
Member
**
Offline Offline

Activity: 436
Merit: 39


View Profile WWW
February 12, 2019, 02:19:12 PM
Last edit: February 12, 2019, 05:02:46 PM by tarmo888
 #21481

1. Different miners have different economic costs. There are miners who will start working at a loss at $4k, while others will still be fine at $2k. I'm predict nothing. Price can go up, price can go down, price can stay the same. I don't know lol. The same for hashrate. Predict something can people who own necessary information. Like how many farms will be off at X price. The same applies to the price, if you have information about cash flows and plans of billionaires, then perhaps you can predict the price movement.
https://www.blockchain.com/charts/hash-rate?timespan=all you can see correlation of hashrate with BTC price
3. This time is different. Capitalization has increased significantly. Bandwidth has reached the limit. That means we know that Bitcoin is unusable in big scale. You expect a big scale when you think about the next bull run, because you need really much money to push this cap even higher. In the end, it doesn't even matter. A sample of two interactions has no value. Lightning is in beta on very early stages, there nothing to talk about.
5. Because there no difference now or in 2125. If you ignore usd inflation, people will find $1k fees per tx unusable at any BTC price and any year. Replacing the subsidy with transaction fees is possible only if the volume of onchain transactions is increased. Bitcoin community seems strongly reject it. Speculation about their future behavior make no sense. What you want to bring here with SegWit? Segwit is a malleability fix mainly. As a side effect, we got an ineffective increase of the block. SegWit reduces transaction size, so miners can put more transactions in the block. While the amount of data moving through the network remains the same. Roughly we got x2 transactions in the 1mb block, but also we got x4 to the amount of data moving through the network. So it would be better to have 4mb blocks with x4 transactions instead. But again SegWit had other goals.
Honestly i think Obyte is a step backward compared to Bitcoin. You may disagree, i'd recommend to read early Bitcoin posts. People tried to escape from Obyte model in 2010, now it's called crypto 3.0 though lol

1) Like I said, don't see the hashrate drop even half linear or logarithmic scale, there was quite a drop in December, but nothing special. If the hashrate doesn't drop half, then the price needs to double. One or the other.
5) There will be a huge difference during next 100 years, SegWit will make the use of space in a block more efficient, bigger block will allow more transaction throughput, bigger harddrives allow bigger blocks and faster internet need to be accounted into future projections too, Lightning network will take a lot of load off the mainnet too. SHA256 is not forever, 1mb block size is also not forever (if i am not mistaken, can be done with soft-fork). It seems that you think that Bitcoin stays the same for next 100 years.

Bitcoin has never had Obyte model, if you don't get that, it is you who needs to read the whitepaper. So, how did they tried to escape something that wasn't there in 2010?
1590863130
Hero Member
*
Offline Offline

Posts: 1590863130

View Profile Personal Message (Offline)

Ignore
1590863130
Reply with quote  #2

1590863130
Report to moderator
1590863130
Hero Member
*
Offline Offline

Posts: 1590863130

View Profile Personal Message (Offline)

Ignore
1590863130
Reply with quote  #2

1590863130
Report to moderator
"There should not be any signed int. If you've found a signed int somewhere, please tell me (within the next 25 years please) and I'll change it to unsigned int." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Ample_Fire
Newbie
*
Offline Offline

Activity: 16
Merit: 0


View Profile
February 13, 2019, 09:05:12 AM
 #21482

Interesting discussion here.  Cool

Can someone here start this chat on Reddit, too? 

https://www.reddit.com/r/obyte
provenceday
Legendary
*
Offline Offline

Activity: 1148
Merit: 1000



View Profile
February 13, 2019, 12:40:53 PM
 #21483

this is pretty one of the most innovative coin.
Ample_Fire
Newbie
*
Offline Offline

Activity: 16
Merit: 0


View Profile
February 14, 2019, 08:18:55 AM
 #21484

this is pretty one of the most innovative coin.

Yes, however, the Obyte team and community seldom bother with this crappy thread. Full of signature spam.
Go to Reddit: https://www.reddit.com/r/obyte
Thul
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile
February 17, 2019, 01:27:45 PM
 #21485

Quote
The main Obyte hub is currently not available. The admin has been notified and it will be back online shortly. You can use one of the other hubs currently available from this list: https://wiki.obyte.org/Hub#List_of_hubs
Central witnesses, central hubs.
A decentralized currency that cannot be attacked looks different.

Sorry, but nobody really needs that.
bitpotter
Sr. Member
****
Offline Offline

Activity: 914
Merit: 252


View Profile
February 17, 2019, 05:06:06 PM
 #21486

Still saving some of these coins for a very long time, since its name byteball and now becoming an obyte I still add to the supply little by little, I'm sure the price will reach a very high point later, of course for 2019 I don't think it's time to go.
tarmo888
Member
**
Offline Offline

Activity: 436
Merit: 39


View Profile WWW
February 17, 2019, 06:14:37 PM
 #21487

Quote
The main Obyte hub is currently not available. The admin has been notified and it will be back online shortly. You can use one of the other hubs currently available from this list: https://wiki.obyte.org/Hub#List_of_hubs
Central witnesses, central hubs.
A decentralized currency that cannot be attacked looks different.

Sorry, but nobody really needs that.

Why are you so butthurt, is it because nobody wants to implement your ideas? Your FUD is not even accurate. If the Hub is down, you replace the Hub, that's why there are multiple Hubs available. If you build your own wallet app on Obyte and don't want to be affected by the availability of the main Hub, then you host your own Hub. That is not centralized.

Witness decentralization is in process and there was just lately news that new witness candidates will be announced soon. https://twitter.com/ObyteOrg/status/1095977601271820288
Witnesses are behind TOR so they are not vulnerable to DDoS, but you don't know that because you just like to FUD without actually learning how things work. Apparently, you don't even understand the difference between the hub and witnesses.

Maybe, if you would not shit-talk a coin that you want it to implement your idea, maybe you would find more like-minded people who take you seriously.
Thul
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile
February 17, 2019, 06:29:05 PM
 #21488

Still saving some of these coins for a very long time, since its name byteball and now becoming an obyte I still add to the supply little by little, I'm sure the price will reach a very high point later, of course for 2019 I don't think it's time to go.
That's to be hoped.
As soon as that's the case, I'll sell the shit.
Thul
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile
February 17, 2019, 06:36:18 PM
 #21489

Witness decentralization is in process and there was just lately news that new witness candidates will be announced soon. https://twitter.com/ObyteOrg/status/1095977601271820288
Witnesses are behind TOR so they are not vulnerable to DDoS, but you don't know that because you just like to FUD without actually learning how things work. Apparently, you don't even understand the difference between the hub and witnesses.
The witnesses are not anonymous, they are tangible by name and thus also their technique.
tarmo888
Member
**
Offline Offline

Activity: 436
Merit: 39


View Profile WWW
February 17, 2019, 11:00:29 PM
 #21490

Witness decentralization is in process and there was just lately news that new witness candidates will be announced soon. https://twitter.com/ObyteOrg/status/1095977601271820288
Witnesses are behind TOR so they are not vulnerable to DDoS, but you don't know that because you just like to FUD without actually learning how things work. Apparently, you don't even understand the difference between the hub and witnesses.
The witnesses are not anonymous, they are tangible by name and thus also their technique.

So what? Are saying that you will "convince" over 6 witnesses to collude at the same time to double-spend? Because that is all they can do if they collude, they have no other role, they don't approve or disapprove the transactions, so if you could get over 6 witnesses to collude then you can fxck over one merchant and all those witnesses would get replaced.

Or you are trying to say that some government could shut down 6 witnesses at once, even if they are located all around the world? Why? It wouldn't change the thing, it would be hard forked to start again with different witnesses.

What's your point? Do you have like anything valuable to add? Or you come up with some other non-issue? Or you suggestion is that the witnesses should be anonymous? Ever heard Sybil attack? I guess not.
Thul
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile
February 18, 2019, 10:01:57 AM
 #21491

Witness decentralization is in process and there was just lately news that new witness candidates will be announced soon. https://twitter.com/ObyteOrg/status/1095977601271820288
Witnesses are behind TOR so they are not vulnerable to DDoS, but you don't know that because you just like to FUD without actually learning how things work. Apparently, you don't even understand the difference between the hub and witnesses.
The witnesses are not anonymous, they are tangible by name and thus also their technique.

So what? Are saying that you will "convince" over 6 witnesses to collude at the same time to double-spend? Because that is all they can do if they collude, they have no other role, they don't approve or disapprove the transactions, so if you could get over 6 witnesses to collude then you can fxck over one merchant and all those witnesses would get replaced.

Or you are trying to say that some government could shut down 6 witnesses at once, even if they are located all around the world? Why? It wouldn't change the thing, it would be hard forked to start again with different witnesses.

What's your point? Do you have like anything valuable to add? Or you come up with some other non-issue? Or you suggestion is that the witnesses should be anonymous? Ever heard Sybil attack? I guess not.
You are aware of the basic criticism: Due to a lack of foresight you overlook the current needs and show yourself incapable to position this project for the future.

The technical shortcomings are then added, but can be changed under circumstances, if not, then even worse.
tarmo888
Member
**
Offline Offline

Activity: 436
Merit: 39


View Profile WWW
February 18, 2019, 12:19:33 PM
 #21492

Witness decentralization is in process and there was just lately news that new witness candidates will be announced soon. https://twitter.com/ObyteOrg/status/1095977601271820288
Witnesses are behind TOR so they are not vulnerable to DDoS, but you don't know that because you just like to FUD without actually learning how things work. Apparently, you don't even understand the difference between the hub and witnesses.
The witnesses are not anonymous, they are tangible by name and thus also their technique.

So what? Are saying that you will "convince" over 6 witnesses to collude at the same time to double-spend? Because that is all they can do if they collude, they have no other role, they don't approve or disapprove the transactions, so if you could get over 6 witnesses to collude then you can fxck over one merchant and all those witnesses would get replaced.

Or you are trying to say that some government could shut down 6 witnesses at once, even if they are located all around the world? Why? It wouldn't change the thing, it would be hard forked to start again with different witnesses.

What's your point? Do you have like anything valuable to add? Or you come up with some other non-issue? Or you suggestion is that the witnesses should be anonymous? Ever heard Sybil attack? I guess not.
You are aware of the basic criticism: Due to a lack of foresight you overlook the current needs and show yourself incapable to position this project for the future.

The technical shortcomings are then added, but can be changed under circumstances, if not, then even worse.

Your criticism is valueless because it is not even technically accurate. You just like to FUD.
Thul
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile
February 18, 2019, 03:39:02 PM
 #21493

Witness decentralization is in process and there was just lately news that new witness candidates will be announced soon. https://twitter.com/ObyteOrg/status/1095977601271820288
Witnesses are behind TOR so they are not vulnerable to DDoS, but you don't know that because you just like to FUD without actually learning how things work. Apparently, you don't even understand the difference between the hub and witnesses.
The witnesses are not anonymous, they are tangible by name and thus also their technique.

So what? Are saying that you will "convince" over 6 witnesses to collude at the same time to double-spend? Because that is all they can do if they collude, they have no other role, they don't approve or disapprove the transactions, so if you could get over 6 witnesses to collude then you can fxck over one merchant and all those witnesses would get replaced.

Or you are trying to say that some government could shut down 6 witnesses at once, even if they are located all around the world? Why? It wouldn't change the thing, it would be hard forked to start again with different witnesses.

What's your point? Do you have like anything valuable to add? Or you come up with some other non-issue? Or you suggestion is that the witnesses should be anonymous? Ever heard Sybil attack? I guess not.
You are aware of the basic criticism: Due to a lack of foresight you overlook the current needs and show yourself incapable to position this project for the future.

The technical shortcomings are then added, but can be changed under circumstances, if not, then even worse.

Your criticism is valueless because it is not even technically accurate. You just like to FUD.
Fact: You're ignoring the real need.
Why? - Answer: Because you know that your witnesses will go to jail if you serve that real demand.  Tongue
tarmo888
Member
**
Offline Offline

Activity: 436
Merit: 39


View Profile WWW
February 18, 2019, 05:26:17 PM
Merited by tyz (1)
 #21494

Fact: You're ignoring the real need.
Why? - Answer: Because you know that your witnesses will go to jail if you serve that real demand.  Tongue

No, that may seem fact to you because of your limited understanding and ignorance how things actually work.

Witnesses are not the only ones who validate transactions, all full nodes do that. So, witnesses have no power to censor any transactions because that would go conflict with all the full nodes. All they do is prevent double-spends. If witnesses only witness the transactions and cannot change or influence the transactions any way then they can't be held responsible for those either. All they do is just witness that these transactions took place and they don't witness those that all full nodes identified as invalid.

I am pretty sure that your limited brain power hasn't even figured out yet why using blackbytes for illegal activity is bad idea because you don't actually understand the risks and how blackbytes actually work. Either way, it is not meant for illegal activity, it's for privacy. Privacy doesn't have to be illegal. Illegal markets is your wet dream and it is minuscule market compared to all the legal activities that could be done with cryptocurrencies.

So, the only those users go to jail who do the illegal stuff thinking that DLTs are good for that use case, witnesses or other full nodes are not one of them. Just like Silk Road, cryptocurrencies can give you somewhat privacy to do that, but eventually you fxck up anyways somehow, just matter of time.

So, use it for privacy, not for illegal activity.
fuk
Newbie
*
Offline Offline

Activity: 64
Merit: 0


View Profile
February 18, 2019, 06:32:10 PM
Last edit: February 18, 2019, 07:00:27 PM by fuk
 #21495

Quote
So, witnesses have no power to censor any transactions because that would go conflict with all the full nodes
could you shutdown witnesses of tonych for a day and we will see how transactions will not be censored? By the way is Tony still alive? Asking because haven't seen any meetup with him for a while. He must be doing something for real world adoption in his hole?
on a serious note why you still didn't replace even half of the witnesses? Is no one interested in breakthrough technology? Any hedge funds invested in Obyte? Any payment processors accepted Gbyte? Online merchants? Where is the results of your underground work?
i mean ok, you don't like illegal things. Where is the legal things then? Even random pornocoin will have more usecases then Obyte. Shame
tarmo888
Member
**
Offline Offline

Activity: 436
Merit: 39


View Profile WWW
February 18, 2019, 07:05:49 PM
 #21496

Quote
So, witnesses have no power to censor any transactions because that would go conflict with all the full nodes
could you shutdown witnesses of tonych for a day and we will see how transactions will not be censored? By the way is Tony still alive? Asking because haven't seen any meetup with him for a while. He must be doing something for real world adoption in his hole?
on a serious note why you still didn't replace even half of the witnesses? Is no one interested in breakthrough technology?

The goal is not to replace the witnesses with some anonymous randos, they still have to fit into the the requirements. https://wiki.obyte.org/Witness#How_to_become_a_witness
So, yeah, as long as more than six Tony's witnesses are not replaced, there is risk Obyte would need a hard-fork to recover the loss of founder.
I also think that the process has been slow (way slower than expected), but then again it is lot of work and it has become more to focus when Valerius joined in last summer. https://medium.com/obyte/the-future-of-byteball-the-byteball-foundation-cca9d495bf46
There are already some witnesses lined up, but not announced yet. https://twitter.com/ObyteOrg/status/1095977601271820288
And I have advised many on setting the witness node up, so I am sure there will be more to come.
Thul
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile
February 19, 2019, 10:11:46 AM
Last edit: February 19, 2019, 12:12:08 PM by Thul
 #21497

i mean ok, you don't like illegal things. Where is the legal things then? Even random pornocoin will have more usecases then Obyte. Shame
For legal goods and services there are Paypal and credit cards. They fulfil the requirements splendidly.

The Zero-Byte regime now lacks the foresight that the unregulated market double every year.
The unregulated market not only offers illegal goods, but the suppliers there have an interest in using a marketplace where they can act freely without being confronted with the usual harassment by state authorities.

tarmo888
Member
**
Offline Offline

Activity: 436
Merit: 39


View Profile WWW
February 19, 2019, 01:58:28 PM
 #21498

i mean ok, you don't like illegal things. Where is the legal things then? Even random pornocoin will have more usecases then Obyte. Shame
For legal goods and services there are Paypal and credit cards. They fulfil the requirements splendidly.

The Zero-Byte regime now lacks the foresight that the unregulated market double every year.
The unregulated market not only offers illegal goods, but the suppliers there have an interest in using a marketplace where they can act freely without being confronted with the usual harassment by state authorities.

Again, not correct, you most probably are not PayPal user or haven't developed using anything using PayPal.

Money on PayPal is not your money, it's same as money in bank and PayPal is happy to freeze your money even faster than a bank.
PayPal is great for recurring payments, but lot of their tech is frozen for 10 years, so it is not really programmable money. For that use case, they have bought Braintree.
Things that PayPal is basically same as email attestation on Obyte. They are totally missing the chat payments, so they bought have Venmo too.

Obyte is much more than PayPal, Braintree or Venmo.

Most people opsec sucks (including me and you), so there is handful amount of people who would not shoot themselves in the foot doing illegal stuff on Internet. So, it doesn't matter if more people buy weed every year or not, suggesting them to use cryptocurrencies where it is still illegal is stupid. So, if there is only handful amount of people who could do their opsec securely without getting caught, there will always be bigger market for legal stuff, no matter if there is already PayPal or not, because it's not a same product as PayPal.
fuk
Newbie
*
Offline Offline

Activity: 64
Merit: 0


View Profile
February 19, 2019, 03:08:23 PM
Last edit: February 19, 2019, 03:56:31 PM by fuk
 #21499

i mean ok, you don't like illegal things. Where is the legal things then? Even random pornocoin will have more usecases then Obyte. Shame
For legal goods and services there are Paypal and credit cards. They fulfil the requirements splendidly.

The Zero-Byte regime now lacks the foresight that the unregulated market double every year.
The unregulated market not only offers illegal goods, but the suppliers there have an interest in using a marketplace where they can act freely without being confronted with the usual harassment by state authorities.

Again, not correct, you most probably are not PayPal user or haven't developed using anything using PayPal.

Money on PayPal is not your money, it's same as money in bank and PayPal is happy to freeze your money even faster than a bank.
PayPal is great for recurring payments, but lot of their tech is frozen for 10 years, so it is not really programmable money. For that use case, they have bought Braintree.
Things that PayPal is basically same as email attestation on Obyte. They are totally missing the chat payments, so they bought have Venmo too.

Obyte is much more than PayPal, Braintree or Venmo.

Most people opsec sucks (including me and you), so there is handful amount of people who would not shoot themselves in the foot doing illegal stuff on Internet. So, it doesn't matter if more people buy weed every year or not, suggesting them to use cryptocurrencies where it is still illegal is stupid. So, if there is only handful amount of people who could do their opsec securely without getting caught, there will always be bigger market for legal stuff, no matter if there is already PayPal or not, because it's not a same product as PayPal.
There is no need to be ultra illegal or ultra legal. Both markets are open and it would be great to be accepted on both. But both legal and illegal markets completely ignore Obyte.

Quote
because it's not a same product as PayPal
what Obyte can offer to a legal merchant, that can't offer PayPal (visa, alipay, eth/dai and so on)?

Quote
1) Like I said, don't see the hashrate drop even half linear or logarithmic scale, there was quite a drop in December, but nothing special. If the hashrate doesn't drop half, then the price needs to double. One or the other.
1. So, do you think that miners will start selling BTC without profit? Or they start selling their previously earned profit at lower value?
Small miners turned off the farms, large miners mined at the expense of previous profits
March 2018 Bitmain holdings:
BTC       22,082
BCH 1,021,306
Now
BTC      6,000 (liquidated 70%)
BCH 750,000 (liquidated 25%)
https://twitter.com/btcking555/status/1097819249538723841
tarmo888
Member
**
Offline Offline

Activity: 436
Merit: 39


View Profile WWW
February 19, 2019, 04:21:25 PM
 #21500

Quote
because it's not a same product as PayPal
what Obyte can offer to a legal merchant, that can't offer PayPal (visa, alipay, eth/dai and so on)?

That's kind of odd question from somebody who is into cryptocurrencies. Kind of tired explaining all the problems that fiat has over cryptocurrencies. You should already know these answers.

Have you ever seen obyte.org?
* ICO/STO Platform (cheaper and easier than on Ethereum)
* Developer friendly (friendlier that PayPal or Braintree or any other fiat/credit card processor)
* Risk-free conditional smart payments (doesn't even need oracle if used for Obyte assets)
* P2P insurance (either by finding a counterpart from public channels or flight insurance bot, could be used for other insurance too)
* Prediction markets (currently only possible by finding a counterpart from public channels and then offering contract via chat)
* P2P betting (either by finding a counterpart from public channels or via sports betting bot or BB Odds website
* Textcoins (actually what sending funds to email means, PayPal just uses email as account number, even better than PayPal when used with email attestation or username attestation)
* Sovereign identity (most coins only dream about it in their whitepapers, Obyte have it already for over the year)
* P2P payments in chat (like Venmo or WeChat)
* Chatbots (don't know any Chatbot platform that also has payments included, maybe WeChat and probably Facebook soon)
* Blackbytes (great for privacy, if used the right way)
* Cashback for merchants
Pages: « 1 ... 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 1067 1068 1069 1070 1071 1072 1073 1074 [1075] 1076 1077 1078 1079 1080 1081 1082 1083 1084 1085 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!