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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1168527 times)
d@nte
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February 01, 2017, 03:14:58 PM
 #4061

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.
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wpalczynski
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February 01, 2017, 04:22:41 PM
 #4062

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
 #4063

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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February 01, 2017, 04:24:52 PM
 #4064

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.



Yeah, thanks for your answer.  Seems like IOTA is total garbage and not even worth looking at.  I would have never known if it wasnt for come from aboves gentle, concerned trolling.

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February 01, 2017, 04:28:25 PM
 #4065

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

That is your first warning sign, never consider investing in crypto projects which launch with self moderated thread.  Underwater bag holding is a strong motivation for people to censor any criticism.

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February 01, 2017, 04:51:37 PM
 #4066

Is Cryptox being extremely slow for anyone else today? Under DDoS?
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February 01, 2017, 04:51:45 PM
 #4067

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/

This is cool, more and more projects are beginning to explore DAG. 

First, IOTA, then Byteball, and now SPECTRE

Maybe DAG is the bitcoin 2.0 everyone has been talking about Smiley

Here's a post by the creator on medium
https://medium.com/@avivzohar/the-spectre-protocol-7dbbebb707b5#.3rchfup5z

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February 01, 2017, 05:02:55 PM
 #4068

Is Cryptox being extremely slow for anyone else today? Under DDoS?

It would be so nice to get on another exchange.  First for liquidity, some people will not touch tiny, obscure exchanges and secondly price checker apps dont include obscure exchanges either so its not possible to set up any alerts on ByteBalls price.

Is there anything stopping BB from getting on Bittrex?  I believe their requirements are very easy to meet.

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February 01, 2017, 05:19:01 PM
 #4069

Is Cryptox being extremely slow for anyone else today? Under DDoS?

yeah, seems its almost down
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February 01, 2017, 05:19:58 PM
 #4070

Is Cryptox being extremely slow for anyone else today? Under DDoS?

It would be so nice to get on another exchange.  First for liquidity, some people will not touch tiny, obscure exchanges and secondly price checker apps dont include obscure exchanges either so its not possible to set up any alerts on ByteBalls price.

Is there anything stopping BB from getting on Bittrex?  I believe their requirements are very easy to meet.


just make it. send them an email, application and then if you have success contact tonich
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February 01, 2017, 05:44:17 PM
Last edit: February 01, 2017, 07:13:08 PM by cryptohunter
 #4071

Is Cryptox being extremely slow for anyone else today? Under DDoS?

It would be so nice to get on another exchange.  First for liquidity, some people will not touch tiny, obscure exchanges and secondly price checker apps dont include obscure exchanges either so its not possible to set up any alerts on ByteBalls price.

Is there anything stopping BB from getting on Bittrex?  I believe their requirements are very easy to meet.


I think only 20% max of premine can be held by the dev to get listed.

Tonych may be able to make them one of the multisig holders that control the rest ..so they perhaps would list it then

You may be able to get them to go for that.

They just delisted a ton of coins so maybe they are looking for their new pascal...

Could maybe even talk polo into it.

Then again do you want them interested right now... they are likely to link their customers BTC up and keep it themselves.


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February 01, 2017, 05:51:47 PM
 #4072

hello there everyone, need some help. after linking btc add and bb add if i take my btc out before 02-11 then my bb add get nothing ? any help
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February 01, 2017, 05:56:45 PM
 #4073

hello there everyone, need some help. after linking btc add and bb add if i take my btc out before 02-11 then my bb add get nothing ? any help

yes, in that case (if u don't return them back) u'll get nothing.

it seems to me that all ur max amount BTC should be at linked BTC address right at the spare-moment (maybe a little earlier).
everything happens until that – doesn't matter.

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February 01, 2017, 06:10:29 PM
 #4074

Is Cryptox being extremely slow for anyone else today? Under DDoS?

It would be so nice to get on another exchange.  First for liquidity, some people will not touch tiny, obscure exchanges and secondly price checker apps dont include obscure exchanges either so its not possible to set up any alerts on ByteBalls price.

Is there anything stopping BB from getting on Bittrex?  I believe their requirements are very easy to meet.


I think only 20% max of premine can be held by the dev to get listed.

Tonych may be able to make them one of the multisig holders that control the rest ..so they perhaps would list it then

What about Ripple, that has far more held by Ripple Labs.
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February 01, 2017, 07:09:25 PM
 #4075

Is Cryptox being extremely slow for anyone else today? Under DDoS?

It would be so nice to get on another exchange.  First for liquidity, some people will not touch tiny, obscure exchanges and secondly price checker apps dont include obscure exchanges either so its not possible to set up any alerts on ByteBalls price.

Is there anything stopping BB from getting on Bittrex?  I believe their requirements are very easy to meet.


I think only 20% max of premine can be held by the dev to get listed.

Tonych may be able to make them one of the multisig holders that control the rest ..so they perhaps would list it then

What about Ripple, that has far more held by Ripple Labs.

I guess they were not so fussy back then.  This is for new listings.

Maybe if someone clues them in that if they link their customers btc up to BB they can be super whales.....that may help.

Then again is it worth it... perhaps just speed up the distributional phase.


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February 01, 2017, 07:09:55 PM
 #4076

Is Cryptox being extremely slow for anyone else today? Under DDoS?

It would be so nice to get on another exchange.  First for liquidity, some people will not touch tiny, obscure exchanges and secondly price checker apps dont include obscure exchanges either so its not possible to set up any alerts on ByteBalls price.

Is there anything stopping BB from getting on Bittrex?  I believe their requirements are very easy to meet.


I think only 20% max of premine can be held by the dev to get listed.

Tonych may be able to make them one of the multisig holders that control the rest ..so they perhaps would list it then

This needs to be done then.  Bigger exchanges likely have similar requirements.  If byteball is just listed on one small, obscure exchange for another year or however long it takes to distribute the rest potential growth will really be obstructed.

Tonych any plans to address this limitation?

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February 01, 2017, 07:25:05 PM
 #4077

Is Cryptox being extremely slow for anyone else today? Under DDoS?

It would be so nice to get on another exchange.  First for liquidity, some people will not touch tiny, obscure exchanges and secondly price checker apps dont include obscure exchanges either so its not possible to set up any alerts on ByteBalls price.

Is there anything stopping BB from getting on Bittrex?  I believe their requirements are very easy to meet.


I think only 20% max of premine can be held by the dev to get listed.

Tonych may be able to make them one of the multisig holders that control the rest ..so they perhaps would list it then

This needs to be done then.  Bigger exchanges likely have similar requirements.  If byteball is just listed on one small, obscure exchange for another year or however long it takes to distribute the rest potential growth will really be obstructed.

Tonych any plans to address this limitation?


It would really help to have a full distribution schedule released. 
I know he plans to release every full moon going forward, but the % released will vary and
at the going rate will take year(s) to be fully distributed. 

Is there a target or time frame to get 50%, 75%, or 100% BB distributed?

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February 02, 2017, 12:18:26 AM
 #4078

Hi,

I see it says on the website: " 0.1 new byte for each 1 byte received in the first round".

So for 10Gb I received I should be getting another 1GB?

What if the bytes were moved (or sold) from the 'original' receiving wallet. do I still get it?
Do we need to keep a balance on byte in the wallet to get it?

Does it automatically send it to the same address linked Dec 25 2016?

Thanks!

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February 02, 2017, 02:04:58 AM
 #4079


-----------------------------

One last thing.  The remaining 1% will be given away to the first 100m users who install Byteball wallet, 100 Kbytes to each user.  This will start 6 months from now or later, after we get ready for that scale.


Any idea how you want to prevent some greedy haxx0r from writing a script that creates thousands of wallets and accumulates these 100KBytes to sell them on an exchange?

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February 02, 2017, 03:09:52 AM
 #4080

Hi,

I see it says on the website: " 0.1 new byte for each 1 byte received in the first round".

So for 10Gb I received I should be getting another 1GB?

What if the bytes were moved (or sold) from the 'original' receiving wallet. do I still get it?
Do we need to keep a balance on byte in the wallet to get it?

Does it automatically send it to the same address linked Dec 25 2016?

Thanks!

You're correct, you will received 1GB from 10GB you hold before the snapshot on February 11.

You won't get anything if you move or sold your bytes, just keep it in your wallet if you want to get those bytes.

You better re-linked the same address by visiting https://byteball.org, click the link to chat with the Transition Bot to make sure it will send to the same address again.

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