Obyte: Totally new consensus algorithm + private untraceable payments

[realbigs21024]

i just downloaded wallet and when it synced it shows 1531 bytes where did they come from. lol

[BTCspace]

i just downloaded wallet and when it synced it shows 1531 bytes where did they come from. lol

free giveaway

[tonych]

i just downloaded wallet and when it synced it shows 1531 bytes where did they come from. lol

Interesting, did you install the wallet before?

[tonych]

byteball is a innovative cryptocurrency ,  It should have its position. If you don't cherish it only because it is free, it will maybe a fault. It may be better than another free coin which is ETC or Eth, example ETC market  ever reached 200 million dollars marketcap,It was just free coin split from eth.

The whole 'free' approach is the best marketing move in crypto to date. I hope those people that are in the second airdrop don't try and sell straight away as bytes have such a promising dev and platform for future years outside of merely making a few dollars.

Blackbytes is where I feel there is as much opportunity.

Question to dev... Are there any plans to integrate the merchant module in the main wallet? I have a small business and would love to spread the news locally and get people on board but this requires mobile merchant technology

There is a merchant bot https://github.com/byteball/byteball-merchant, you can extend this code to sell anything.  The demo is running on testnet https://byteball.org/testnet.html.

[tonych]

could you PLEASE add more possibilites for the trading bot?!!!!
A possibility to delete an order or at least an automatic expiration date? otherwise your byteballs are stuck and can't participate in the next distribution round.

Are you a dev?  Fork, extend, run.

[tonych]

edit2: if using the chromiu-args proxy workaround, make it something else than 127.0.0.1, like 127.6.6.6 to avoid more other problems.

What other problems and how doing this would avoid them?

[BTCspace]

Hi
tonych

maybe you can ask poloniex list byteball, so we can spread byteball to more people, as an developer you request counter more weight than community members.

thank you

here is the link:

https://poloniex.com/coinRequest

[escapefrom3dom]

Hi
tonych

maybe you can ask poloniex list byteball, so we can spread byteball to more people, as an developer you request counter more weight than community members.

thank you

here is the link:

https://poloniex.com/coinRequest

should we consider some danger of price falling after goin into the big tradings at this coming into being period?

[lenyro]

I've been looking for days and did not find it.
What was the conversion rate at the first snapshot please ?
I mean the exact amount of bytes we've got per BTC linked.

EDIT : Thx freigeist

check my last post.. for about 700BTC, i got about 1012588898911 byteball.

you can calculate it.

too much digits for me to counter..

Is it 10215 GB BB? So you have 10% of total supply like waves had, do you have more than 10k btc bind to get so much coins?

[escapefrom3dom]

I've been looking for days and did not find it.
What was the conversion rate at the first snapshot please ?
I mean the exact amount of bytes we've got per BTC linked.

EDIT : Thx freigeist

check my last post.. for about 700BTC, i got about 1012588898911 byteball.

you can calculate it.

too much digits for me to counter..

Is it 10215 GB BB? So you have 10% of total supply like waves had, do you have more than 10k btc bind to get so much coins?

i suppose some proof needed to make such statemets.

[francisthecrusher]

From the Whitepaper:
 

Reliance on witnesses is what makes Byteball rooted in the real world.

Reading through the Whitepaper it seems that the devs took Bob McElrath's "Braiding Bitcoin" idea and solved the consensus problem by using trusted nodes (like Ripple) instead of an algorithm.

So it's basically something like Ripple but using a DAG instead of sequential blocks.

Kudos for starting somewhere, but this isn't a decentralized solution and is vulnerable to sybil attacks.

[escapefrom3dom]

From the Whitepaper:
 

Reliance on witnesses is what makes Byteball rooted in the real world.

Reading through the Whitepaper it seems that the devs took Bob McElrath's "Braiding Bitcoin" idea and solved the consensus problem by using trusted nodes (like Ripple) instead of an algorithm.

So it's basically something like Ripple but using a DAG instead of sequential blocks.

Kudos for starting somewhere, but this isn't a decentralized solution and is vulnerable to sybil attacks.

in the parts 4. Double-spends / 5. The main chain / 6. Witnesses of the whitelist u can see reviews for these cases.

[francisthecrusher]

From the Whitepaper:
 

Reliance on witnesses is what makes Byteball rooted in the real world.

Reading through the Whitepaper it seems that the devs took Bob McElrath's "Braiding Bitcoin" idea and solved the consensus problem by using trusted nodes (like Ripple) instead of an algorithm.

So it's basically something like Ripple but using a DAG instead of sequential blocks.

Kudos for starting somewhere, but this isn't a decentralized solution and is vulnerable to sybil attacks.

in the parts 4. Double-spends / 5. The main chain / 6. Witnesses of the whitelist u can see reviews for these cases.

I read those sections, but (the way I understand it at least) at some point the network still relies on trusted nodes to function, leaving it wide open to sybil attacks. The whole point of Bitcoin of course is that no nodes are 'special'.

Here are some quotes from the whitepaper:

Total order is established by selecting a single chain on the DAG (the main chain) that is attracted to units signed by known users called witnesses.

some of the participants of our network are non-anonymous reputable people or companies who might have a long established reputation...we’ll call them witnesses.

a more practical approach to witness list management is tracking and somehow averaging the witness lists of a few “captains of industry”

[lizidev]

From the Whitepaper:
 

Reliance on witnesses is what makes Byteball rooted in the real world.

Reading through the Whitepaper it seems that the devs took Bob McElrath's "Braiding Bitcoin" idea and solved the consensus problem by using trusted nodes (like Ripple) instead of an algorithm.

So it's basically something like Ripple but using a DAG instead of sequential blocks.

Kudos for starting somewhere, but this isn't a decentralized solution and is vulnerable to sybil attacks.

in the parts 4. Double-spends / 5. The main chain / 6. Witnesses of the whitelist u can see reviews for these cases.

Does this project have a double-spends problem?

[davidoski]

Witnesses are the single point of failure of the system. They essentially control the network and there are only 12 of them. You can imagine that if the rogue government (bankers or whoever) wants to take down the byteball system all they have to do is to take controll over 12 computers running witnesses nodes. This seems to be rather easy to do, especially at gunpoint. Moreover - this can be done without the rest of the network to even notice - if witnesses after being taken over by the rogue party are operated without interruption. Anybody who controls the 12 witnesses can do whatever he wants with the network - for example censor certain type of transactions. All of this is a contradiction to censor resistant trustless network that bitcoin is.

[kola-schaar]

i just downloaded wallet and when it synced it shows 1531 bytes where did they come from. lol

Interesting, did you install the wallet before?

It's not what you think. No problem. He had asked for help - he got some 

can someone please send me one so i can see if my wallet is good to go # KWGIYJOT4AHXTEJQUGFDTO3R4XDEKZOO       thanks

[johny08]

Hi
tonych

maybe you can ask poloniex list byteball, so we can spread byteball to more people, as an developer you request counter more weight than community members.

thank you

here is the link:

https://poloniex.com/coinRequest

what i know it already happened.

[CryptKeeper]

Witnesses are the single point of failure of the system. They essentially control the network and there are only 12 of them. You can imagine that if the rogue government (bankers or whoever) wants to take down the byteball system all they have to do is to take controll over 12 computers running witnesses nodes. This seems to be rather easy to do, especially at gunpoint. Moreover - this can be done without the rest of the network to even notice - if witnesses after being taken over by the rogue party are operated without interruption. Anybody who controls the 12 witnesses can do whatever he wants with the network - for example censor certain type of transactions. All of this is a contradiction to censor resistant trustless network that bitcoin is.

I can follow your arguments and respect your opinion. Bitcoin was created as a decentralized platform and that was a great invention - in the old days when everybody could easily take part in the consenus with their CPU or GPU miners, this system was still intact. But nowadays bitcoin has become a total different thing. Expensive asic miners drive bitcoin to centralization and the need for low energy costs favor some countries.

I will ask you a question: how many mining pools do you need to cross the 50% consensus barrier in bitcoin? I guess it's a lot less than 12.

[btw50]

In the second round, we'll distribute as much as is linked and calculated by the above rules, the exact % is not known in advance.

could it be 10% at second round ?

[vlom]

why does the OS X app try to connect to google?

plus.google.com TCP-Port 443 (https)

What makes you think so?
There are no references to any sites (except the default hub) in the source code.

because little snitch tells my that the app wants to connect.

What program is your little snitch? It's so useful I want to install it on my computer.

this is little snitch:
https://www.obdev.at/products/littlesnitch/index.html

As soon as you’re connected to the Internet, applications can potentially send whatever information they want to wherever they want. Sometimes they do this for good reason, on your explicit request. But often they don’t.

Little Snitch intercepts these unwanted connection attempts,
and lets you decide how to proceed.