Obyte: Totally new consensus algorithm + private untraceable payments

[SatoNatomato]

Very interesting project.
I have successfully linked my BTCs to my Byteball address. However I wonder how I can now link funds of an other BTC wallet to an other Byteball wallet I created (it's for my gf if you're wondering why). Right now the transition bot seems to be "stuck" with my own linked address.

Its the same procedure as for the first.

Your other BTC wallet, all you need is to place your bitcoins in 1 bitcoin-address, I suggest you do this with Electrum or another bitcoin-wallet which supports signatures. Then you start your other byteball wallet and begin talking to the transition bot. Sometimes the transition bot is overloaded or needs care, then you wait a while until tonych fixes it. Signing the byteball address with your bitcoin wallet is easier and much faster than making micro-transactions.

[Come-from-Beyond]

By the way, a one-witness difference is accepted, so you can replace one of those twelve by one of yours or of someone you trust.

Thx, so what to do if you and me trust to almost totally different sets of witnesses?

[SatoNatomato]

Aside, another difference between Iota and Byteball is the style of leadership, see this thread a few pages back, for Come-From-Beyonds nonsense, threats hostility, derailing discussions, and avoiding answering technical questions on Iota.

In the Iota thread you cant see it because it is actively censored. Example is 1 or 2 pages back, CfB and his Iota friends ask me for "what is the problem of Iota", I explain in 1, 2, 3 points, invite to be corrected, and get no response other than "Ill set your trust rating to -2", and now more of same bullshit.

So, Iota is a scam, which doesnt have 10% of the features Byteball has (Declarative Smart-Contracts, anonymous untraceable "off-the-DAG" payments, assets etc), but has something Byteball doesnt have - an authoritarian ego-tripped leadership, the only thing bigger than Iota leaderships ego in this solar system is the Sun. The only technological arguments CfB can make is appealing to his own authority or his professor friends, PhDs and "fintech experts".

Compare the community and leadership of Byteball, it is humble, we have freedom to talk in this thread, uncensored, which is why CfB is now here and not in his own thread.

EDIT: lol, now he is trying to spread FUD (insinuating consensus algorithm of byteball is flawed because it contains the words/required voting and comparing to ripple etc) and ask dumb questions which are already answered in this thread 10 times and in the whitepaper. Not worth of a response.

[achimsmile]

Byteball solves this problem with a set of 12 witnesses

which are all controlled by tonych atm.

Iota doesnt solve this problem [...] they have centralized milestones to define what the mainline in their DAG is, a manual developer-ruled process.

There are centralized milestones right now, but the coordinator will be shut off this july.

Both seem to be centralized now, which is necessary for bootstrapping phase because small networks are easier to attack.
As a neutral bystander I'd say that both seem to work, in their way.

Yet there are users that conceive one of them as a scam, which doesn't make sense.

[SatoNatomato]

Byteball solves this problem with a set of 12 witnesses

which are all controlled by tonych atm.

ATM all bytes arent distributed. You can start your witness now and begin using it.

Anyway I dont care to discuss Iota anymore, so take those questions in their own censored communities.

[Come-from-Beyond]

Byteball solves this problem with a set of 12 witnesses

which are all controlled by tonych atm.

Will the number be increased? Or IPs of these witnesses are unknown and hence no DoS protection is required?

[sotisoti]

I didn't follow the thread much, what's the difference between blackbyte and whitebyte?

[Krypt]

what's the difference between blackbyte and whitebyte?

Byte is a native platform's coin, and blackbyte is a built-in private untraceable token (asset).

[SatoNatomato]

what's the difference between blackbyte and whitebyte?

Byte is a native platform's coin, and blackbyte is a built-in private untraceable token (asset).

Indeed, but to have the anonymous/private (meaning your counter-part shouldnt know your IP-address) part, you need to use the Wallet software over Tor, or even I2P if thats your cup of tea. Blackbyte transactions arent stored on any public ledger, they are only stored in the wallet which has them.

And you need bytes to transfer blackbytes, or any other assets, to pay for the (network, transaction) fee which is usually around 540bytes. So if you do 1 000 transactions per month you need 540kilobytes, to transfer any amount of blackbytes.

Id say the blackbytes + Tor support makes Byteball more secure and anonymous than even Monero or Zcash.

[Come-from-Beyond]

Id say the blackbytes + Tor support makes Byteball more secure and anonymous than even Monero or Zcash.

I hope noone will really believe the quoted words, or they may find themselves in serious troubles...

[str4wm4n]

Price chart is looking beautiful for another breakout to > 0.08 soon!

[SatoNatomato]

Id say the blackbytes + Tor support makes Byteball more secure and anonymous than even Monero or Zcash.

I hope noone will really believe the quoted words, or they may find themselves in serious troubles...

Now you are just trolling and spreading fear with only these three dots ... to back it up, because your own shit coin iota is worthless.

[SatoNatomato]

Price chart is looking beautiful for another breakout to > 0.08 soon!

Nice chart.

It will increase to 0.59 after the 11th distribution round given each round increases price with same percentage.

The actual price/value will be 16BTC for 1GB, that is 1BTC for 62.5MB, which will probably be reached on the 3rd year.

[Come-from-Beyond]

Id say the blackbytes + Tor support makes Byteball more secure and anonymous than even Monero or Zcash.

I hope noone will really believe the quoted words, or they may find themselves in serious troubles...

Now you are just trolling and spreading fear with only these three dots ... to back it up, because your own shit coin iota is worthless.

@tonych, do you support the claim of SatoNatomato the Expert?

[SatoNatomato]

Id say the blackbytes + Tor support makes Byteball more secure and anonymous than even Monero or Zcash.

I hope noone will really believe the quoted words, or they may find themselves in serious troubles...

Now you are just trolling and spreading fear with only these three dots ... to back it up, because your own shit coin iota is worthless.

@tonych, do you support the claim of SatoNatomato the Expert?

Iotatokens are worthless.

IOTA is not trustless.

Decentralized only by human and developer decisions.

Iota does not have a consensus algorithm. Iota is a scam, with less features than email and an gentleman agreement to send each other HTML emails with special formatting - "transactions" signed by GPG keys. Thats the technological sophistication and innovation of Iota by Come-from-Beyond.

[Come-from-Beyond]

Iotatokens are worthless.

IOTA is not trustless.

Decentralized only by human and developer decisions.

Iota does not have a consensus algorithm. Iota is a scam, with less features than email and an gentleman agreement to send each other HTML emails with special formatting - "transactions" signed by GPG keys. Thats the technological sophistication and innovation of Iota by Come-from-Beyond.

Let's wait for tonych reply and we'll see how much your words are worth. If he doesn't notice I'll repost as many times as required.

[BitPotus]

so, if I understand correctly, the BTC whales are the ones that got the majority of these Byteballs......

so, the rich got even more rich.....

[SatoNatomato]

Iotatokens are worthless.

IOTA is not trustless.

Decentralized only by human and developer decisions.

Iota does not have a consensus algorithm. Iota is a scam, with less features than email and an gentleman agreement to send each other HTML emails with special formatting - "transactions" signed by GPG keys. Thats the technological sophistication and innovation of Iota by Come-from-Beyond.

Let's wait for tonych reply and we'll see how much your words are worth. If he doesn't notice I'll repost as many times as required.

My words stand without needing tonych or anyone else input, thank you good sir.

Your lack of answering any criticism of Iota, and instead banning me and deleting my posts where you can is only proof that you have something to hide, you know its shit but want to sell it to others. Now your increased trolling in Byteballs own thread here is nice, shows your balls are not as big as your ego, they hurt.

[sotisoti]

May i suggest moving the discussions to https://bitcointalk.org/index.php?topic=1354220.0

Thanks.

[SatoNatomato]

May i suggest moving the discussions to https://bitcointalk.org/index.php?topic=1354220.0

Thanks.

I would gladly talk there.

But he just deletes my posts from that thread.

Then he comes in this thread and spreads FUD about anything I write, especially anything positive I write about Byteball, even when I answer other peoples questions - he counters with fear and vagueness, appeal to his authority or attempts to ridicule.

Should be banned from this thread really, he hasnt contributed anything constructive in the past 10 pages.