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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1227700 times)
wpalczynski
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February 01, 2017, 04:40:05 AM
Last edit: February 01, 2017, 05:47:44 AM by wpalczynski
 #4041

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.

I hope most people are familiar with his method of concerned or gentle trolling and see right through it.  It is cluttering up the thread though and should be moderated.

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cybterpunk
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February 01, 2017, 06:01:17 AM
 #4042

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?

I think the privacy features of all 3 coins are more or less the same for most practical purposes.   What differs, and what matters most for regular users, is usability.

people use bitcoin because bitcoin is stable. hope byteball is stable as the stone.
nillohit
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February 01, 2017, 06:39:38 AM
 #4043

I just found a bug in the exchange bot. Dev team please, look into this issue. exchange bot can't recognize BTC address. Today I was going to sell at 0.06973 rate. but, the bot failed to recognize my BTC address :

Here is the chat history -

> sell at 0.069733

Selling at 0.069733 BTC/GB..
Please let me know your Bitcoin address.

19Gfy42KDdu65LWH3nGxMuALtoEvp44d9s

> This doesn't look like a valid Byteball address. Please use "Insert my address" button at the bottom of the screen, then hit "Send".

Screenshot here -

П    |⧛ ☛  Join the signature campaign and earn free PI daily!  ✅ |⧛    П
|⧛         ☛  PiCoin - get in now  ✅     ☛ No ICO!  ✅          |⧛
Karartma1
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February 01, 2017, 07:28:45 AM
 #4044

Sorry if this has already been asked but can't find it.
It is clear to me how to link BTC addresses for distribution rounds but what about Byteball addresses? Do I have to collect my newly acquired byteball into my linked addy or do they get funded automatically and I don't have do anything (except controlling the keys)?

Thanks
Krypt
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February 01, 2017, 07:52:51 AM
 #4045

It is clear to me how to link BTC addresses for distribution rounds but what about Byteball addresses? Do I have to collect my newly acquired byteball into my linked addy or do they get funded automatically and I don't have do anything (except controlling the keys)?
|
|
V
The distribution rules:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes
so from unlinked byte address you'll get new bytes only (not blackbytes).
Come-from-Beyond
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February 01, 2017, 08:46:15 AM
 #4046

I hope most people are familiar with his method of concerned or gentle trolling and see right through it.  It is cluttering up the thread though and should be moderated.

Let me reveal my guess why you support SatoNatomato:

You are a trader who cares only about his profit. SatoNatomato spreads lies trying to make the price rise higher. This aligns with your intention to sell for higher profit. Once you sell you'll start hating SatoNatomato's dirty tactics because they won't align with your intention to buy cheaper.

Am I right?
ArabMist
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February 01, 2017, 09:06:29 AM
 #4047

I hope most people are familiar with his method of concerned or gentle trolling and see right through it.  It is cluttering up the thread though and should be moderated.

Let me reveal my guess why you support SatoNatomato:

You are a trader who cares only about his profit. SatoNatomato spreads lies trying to make the price rise higher. This aligns with your intention to sell for higher profit. Once you sell you'll start hating SatoNatomato's dirty tactics because they won't align with your intention to buy cheaper.

Am I right?

There goes that passive aggressive trolling again. For the love of God, why are you even on this thread? OK, you got beef with SN but please fuck off and take it elsewhere. At least they can ban your from the slack channel if you decide to spread your insidious posts there.
Come-from-Beyond
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February 01, 2017, 09:13:44 AM
 #4048

There goes that passive aggressive trolling again. For the love of God, why are you even on this thread? OK, you got beef with SN but please fuck off and take it elsewhere. At least they can ban your from the slack channel if you decide to spread your insidious posts there.

For the last 5 years I've been seeing the same scenario again and again: A novel cryptoplatform appears, jackals (who call themselves "traders") come to its thread, they pump the price and dump into hands of newbies, the platform slowly dies. Oh, forgot to say, they claim to be "trolled".

Does this hint why I'm in this thread?
SatoNatomato
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February 01, 2017, 09:31:45 AM
 #4049

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.

I hope most people are familiar with his method of concerned or gentle trolling and see right through it.  It is cluttering up the thread though and should be moderated.
I hope so too, anyway Ive done my share of shielding up. Ill stop now.

BTW, have you seen my answer to your question,

What are the major flaws of IOTA?
1. Does not work on IoT devices. Proof-of-Work is CPU and battery expensive on such micro-controllers, but due to their low-power and constrained CPUs, the Proof-of-Work that IoT devices can do is orders of magnitude less than what a normal CPU can do, which makes the PoW even less worth. Due to this problem, the second one follows  

2. Has no Sybil prevention. IOTA mechanism of joining the network requires talking to humans to exchange IPs on their Slack-channel. The consensus algorithm is flawed.

3. Has infantile community leaders such as Come-from-Beyond, hostile, threatening and entitled "holier-than-you" attitude to newcomers. Also the Iota leaders have previously been involved in failed altcoin NXT.
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February 01, 2017, 09:36:14 AM
 #4050

...
What are the major flaws of IOTA?

1. Does not work on IoT devices. Proof-of-Work is CPU and battery expensive on such micro-controllers, but due to their low-power and constrained CPUs, the Proof-of-Work that IoT devices can do is orders of magnitude less than what a normal CPU can do, which makes the PoW even less worth. Due to this problem, the second one follows  

2. Has no Sybil prevention. IOTA mechanism of joining the network requires talking to humans to exchange IPs on their Slack-channel. The consensus algorithm is flawed.

3. Has infantile community leaders such as Come-from-Beyond, hostile, threatening and entitled "holier-than-you" attitude to newcomers. Also the Iota leaders have previously been involved in failed altcoin NXT.


Its a very interesting topic right now...wished, it could be explained in the IOTA thread!

Greetz
Steve
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February 01, 2017, 09:39:14 AM
 #4051

Its a very interesting topic right now...wished, it could be explained in the IOTA thread!

Greetz
Steve

Just post them in Iota thread.
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February 01, 2017, 09:48:27 AM
 #4052

Its a very interesting topic right now...wished, it could be explained in the IOTA thread!

Greetz
Steve

Just post them in Iota thread.
I would really copy that, but fear that these legitimate questions will be deleted.

Greetz
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February 01, 2017, 10:22:41 AM
 #4053

I would really copy that, but fear that these legitimate questions will be deleted.

Greetz

Why would they be deleted? SatoNatomato's posts were deleted just because he was banned for trolling.
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February 01, 2017, 11:29:48 AM
 #4054

An interesting project:

Quote
SPECTRE, described as a “fast and scalable distributed ledger protocol,” could be the solution to some of Bitcoin's woes. Utilizing a Directed Acyclic Graph (DAG) similar to ByteBall, SPECTRE, an acronym for “Serialization of Proof-of-work Events: Confirming Transactions via Recursive Elections,” claims to increase the throughput of the network, confirmation times, and be as resilient, if not more so, against 50 percent attacks.

https://btcmanager.com/news/tech/spectre-protocol-dag-structure-to-solve-scalability/

Follow me on twitter for the latest news on bitcoin and altcoins and I'll follow you back the same day!
Obyte - An open cryptocurrency platform ready for real world adoption
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February 01, 2017, 12:13:52 PM
 #4055

An interesting project:

Quote
SPECTRE, described as a “fast and scalable distributed ledger protocol,” could be the solution to some of Bitcoin's woes. Utilizing a Directed Acyclic Graph (DAG) similar to ByteBall, SPECTRE, an acronym for “Serialization of Proof-of-work Events: Confirming Transactions via Recursive Elections,” claims to increase the throughput of the network, confirmation times, and be as resilient, if not more so, against 50 percent attacks.

https://btcmanager.com/news/tech/spectre-protocol-dag-structure-to-solve-scalability/

These are the same scammers from the early spectrecoin?
And why introducing this project here?
 
Greetz
Steve
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February 01, 2017, 12:21:14 PM
 #4056

http://www.ewise.com/blog/building-intelligent-financial-services-chatbots-with-data-aggregatio

BB is on the right direction Smiley. chatbots FTW
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February 01, 2017, 01:54:19 PM
 #4057

An interesting project:

Quote
SPECTRE, described as a “fast and scalable distributed ledger protocol,” could be the solution to some of Bitcoin's woes. Utilizing a Directed Acyclic Graph (DAG) similar to ByteBall, SPECTRE, an acronym for “Serialization of Proof-of-work Events: Confirming Transactions via Recursive Elections,” claims to increase the throughput of the network, confirmation times, and be as resilient, if not more so, against 50 percent attacks.

https://btcmanager.com/news/tech/spectre-protocol-dag-structure-to-solve-scalability/

Well that's the most math heavy white paper I've ever seen lol
d@nte
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February 01, 2017, 03:14:58 PM
 #4058

An interesting project:

Quote
SPECTRE, described as a “fast and scalable distributed ledger protocol,” could be the solution to some of Bitcoin's woes. Utilizing a Directed Acyclic Graph (DAG) similar to ByteBall, SPECTRE, an acronym for “Serialization of Proof-of-work Events: Confirming Transactions via Recursive Elections,” claims to increase the throughput of the network, confirmation times, and be as resilient, if not more so, against 50 percent attacks.

https://btcmanager.com/news/tech/spectre-protocol-dag-structure-to-solve-scalability/
So, the DAG age is coming. Is there a thread for this project? I found a spectre coin thread, but they use an algorithm called Proof-of-Stake v3, and it seems the ico period has ended.
wpalczynski
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February 01, 2017, 04:22:41 PM
 #4059

I hope most people are familiar with his method of concerned or gentle trolling and see right through it.  It is cluttering up the thread though and should be moderated.

Let me reveal my guess why you support SatoNatomato:

You are a trader who cares only about his profit. SatoNatomato spreads lies trying to make the price rise higher. This aligns with your intention to sell for higher profit. Once you sell you'll start hating SatoNatomato's dirty tactics because they won't align with your intention to buy cheaper.

Am I right?

You revealed your precise intentions and motivation.  Thanks.

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February 01, 2017, 04:23:58 PM
 #4060

should i wait before the next exchange with a bot while the current exchange is pending (waiting for 2 confirmation for BTC transaction)?

thanks.

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