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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1218740 times)
tonych
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February 07, 2017, 09:17:51 AM
 #4441

I got a really, really stupid question regarding the 12 witnesses:

Are we necessarily talking about one individual per witness? Or could there be the possibility of "witness pools", as in a group of people cooperating to "form" a single witness? If yes, I can see this as a community approach to decide whether or not they think 12 individuals suffice.

Just a thought.

It is possible that there is a group behind a witness.

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kaicrypzen
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February 07, 2017, 09:43:26 AM
 #4442

if i got it right there is current total supply of 100 000 Gb.

how come it turns into ammount (116 250 Gb) that exceed this given (100 000 Gb) maximum?

That's the number of bytes in circulation which is 10% of the total supply.

am i rigth that at some moment (when will it come?) total supply will rise to 1 000 000 Gb (10^15 bytes).

Each round gives away a little amount until the total supply is distributed. The when depends on the rules and on the linked BTC amount. For the time being expect a handful of years before all the bytes are distributed.

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February 07, 2017, 09:47:09 AM
 #4443

if i got it right there is current total supply of 100 000 Gb.

how come it turns into ammount (116 250 Gb) that exceed this given (100 000 Gb) maximum?

That's the number of bytes in circulation which is 10% of the total supply.

am i rigth that at some moment (when will it come?) total supply will rise to 1 000 000 Gb (10^15 bytes).

Each round gives away a little amount until the total supply is distributed. The when depends on the rules and on the linked BTC amount. For the time being expect a handful of years before all the bytes are distributed.

good strategy cause such way of distribution prevents price dumping.

got it. thanks.

zuqka
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February 07, 2017, 10:54:29 AM
 #4444

Last month someone was kind enough to give a step by step for using the blockchain.info wallet to sync with the byteball issuance. Could someone again please outline the step by step?

Thanks


settings > address > find the address you want to sign a message > click "more options" in the side of the address > put your message

nxt: NXT-2V7G-C8BY-KTYY-CAHNU * btc: 19UcQHepGvXb2fDcAMBJo1a3iduqBNXaGw * byte: XJBP46RQ7OZ6KKY4IXKL73VQBDKRIYJ4
tonych
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February 07, 2017, 11:00:42 AM
 #4445

The moon is almost full, and a little more than 3 days left before the 2nd round.  Please don't forget to move your bitcoins and bytes to the linked addresses before the Full Moon.  Chat with the transition bot to check these addresses and their balances.

The rules of the 3rd round stay exactly the same as in the 2nd round.  The 3rd round is scheduled for the Full Moon of March.

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LitcoinCollector
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February 07, 2017, 11:21:54 AM
 #4446

Hey Tonych,
I have recieved Byte from first round, but I have send it, they are not in this address anymore.
I don't want to send the Bytes back to this linked address, since it's been used to send a tx.
Or can addresses be reused in byteball?
Thanks
kaicrypzen
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February 07, 2017, 11:53:11 AM
 #4447

I don't want to send the Bytes back to this linked address, since it's been used to send a tx.
Or can addresses be reused in byteball?

Yes they can be reused. In your wallet you have the list of your addresses in wallet gear icon > wallet info > addresses, any of them is yours and is still usable. If one of them is linked and you don't want to link others then you can send bytes (back) to it.

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February 07, 2017, 12:11:29 PM
Last edit: February 07, 2017, 12:23:03 PM by escorted
 #4448

Does cryptox return the bb distributed in the second round to the user?
or
Will they not return?

I think they must give back bb but cryptox admin does not tell anything
LitcoinCollector
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February 07, 2017, 12:17:17 PM
 #4449

I don't want to send the Bytes back to this linked address, since it's been used to send a tx.
Or can addresses be reused in byteball?

Yes they can be reused. In your wallet you have the list of your addresses in wallet gear icon > wallet info > addresses, any of them is yours and is still usable. If one of them is linked and you don't want to link others then you can send bytes (back) to it.

Thanks, how can I change the currently linked byteball address?
lizidev
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February 07, 2017, 12:30:33 PM
 #4450

Does cryptox return the bb distributed in the second round to the user?
or
Will they not return?

I think they must give back bb but cryptox admin does not tell anything


we  need  know  something
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February 07, 2017, 12:51:55 PM
 #4451

The moon is almost full, and a little more than 3 days left before the 2nd round.  Please don't forget to move your bitcoins and bytes to the linked addresses before the Full Moon.  Chat with the transition bot to check these addresses and their balances.


How can I link another pair of addresses? Transition bot tells me my linked bitcoin and byteball addresses, but does not seem to have an option to re-link.
 

.
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February 07, 2017, 01:06:05 PM
 #4452


To backup on Linux:

tar -cvjf" ~/byteball.backup_$(date +%s).tar.bz2" ~/.config/byteball

or when your Byteball process/wallet is off, cp -varp ~/.config/byteball ~/byteball_backup_$(date +%s)

[/quote]

Sorry to bother again, but im still trying to find a way to backup on Linux. I cant find /byteball_backup_$(date +%s) even when wallet is off. The wallet says to copy all /.config/byteball for backup, but it is more than 400MB and i dont have time this week to learn how to make my virtual machine recognize usb to copy it all - I intended to send the backup via email to the host...

Why dont i see that backup file? What is the 12 word seed for when it looks like it cant recover your wallet?


kaicrypzen
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February 07, 2017, 01:11:30 PM
 #4453

I don't want to send the Bytes back to this linked address, since it's been used to send a tx.
Or can addresses be reused in byteball?

Yes they can be reused. In your wallet you have the list of your addresses in wallet gear icon > wallet info > addresses, any of them is yours and is still usable. If one of them is linked and you don't want to link others then you can send bytes (back) to it.

Thanks, how can I change the currently linked byteball address?

If you mean link a new byteball address, then you just have to type it in the chat with the bot (and type your btc address after that). If you mean to unlink, then that's not possible.

How can I link another pair of addresses? Transition bot tells me my linked bitcoin and byteball addresses, but does not seem to have an option to re-link.

Type them in the chat with the bot and it will react accordingly. For instance, type bb address, type btc address, type signed message, you are done.

HI-TEC99
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February 07, 2017, 02:10:26 PM
 #4454

Does cryptox return the bb distributed in the second round to the user?
or
Will they not return?

I think they must give back bb but cryptox admin does not tell anything


we  need  know  something


For the first distribution the cryptox admin said anyone with a BTC balance on cryptox at snapshot time gets the full 100% GBYTE from the snapshot. I assume those with GBYTE on cryptox also get their share of the second distribution. As cryptox doesn't have a black bytes market you could pm grzem and enquire if cryptox will pay its users the black bytes from the second distribution.

Cryptox.pl has started, all users get GBYTE according to their BTC balance at snapshot time in full 100%.
We've decided to pay in full, as there wasn't rush with BTC depos.
To get GBYTE, go to My account->BMCodes and click Use.
realbigs21024
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February 07, 2017, 02:39:49 PM
 #4455

could someone be so kind and help me out please send me a little love to #KWGIYJOT4AHXTEJQUGFDTO3R4XDEKZOO     help me get going if not i do understand, sorry if not allowed no harm meant by this. I was hacked not long ago and they took almost everything i had. I started trading alts a few years ago with $5.68 i made from faucets and traded all the way up to 0.88 BTC that was the highest i ever made it, my goal was 1 Btc. I know it may not be much to some of you but to me that is alot. Thanks and sorry if this is not allowed or makes someone angry, I always helped people when i could when i was doing well because in the beginning i had a few people help me by teaching me the ropes a little
thank you so much to whomever sent me a few of these it really may help me get trading again any little bit helps and this seems to be a great community i like that thanks again
francisthecrusher
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February 07, 2017, 02:40:37 PM
 #4456

I'm not really a fan of byteball consensus model, but I think there is a problem with your mining pool argument in favor of BTC consensus model: Bitmain produces almost all of the mining hardware used to mine, and there is speculation that not only antpool is a Bitmain in house mining pool, but that f2pool, viabtc, gbminers, and BTC.top are all basically just Bitmain mining with their own hardware under the guise of decentralization. This is only speculation, except for the bit about Bitmain producing almost all the hardware which is fact, but if true there is really a single entity dominating the Bitcoin network.

They are using Bob McElrath's solution presented at the Scaling Bitcoin conference in Hong Kong - DAG instead of blocks. But he didn't have a reliable consensus model and probably still doesn't, using 'trusted' nodes is a shortcut (instead of finding a trustless consensus algorithm that works) and will probably get things off the ground but something more robust will be needed.

Every time I raise points like this though some die hard supporter (not mentioning any names) calls me a troll, this is quite revealing.

It's really great that someone is doing something new, but answering critics with ad hom attacks.... hopefully it's just supporters and not the devs.
SatoNatomato
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February 07, 2017, 02:46:13 PM
 #4457

I'm not really a fan of byteball consensus model, but I think there is a problem with your mining pool argument in favor of BTC consensus model: Bitmain produces almost all of the mining hardware used to mine, and there is speculation that not only antpool is a Bitmain in house mining pool, but that f2pool, viabtc, gbminers, and BTC.top are all basically just Bitmain mining with their own hardware under the guise of decentralization. This is only speculation, except for the bit about Bitmain producing almost all the hardware which is fact, but if true there is really a single entity dominating the Bitcoin network.

They are using Bob McElrath's solution presented at the Scaling Bitcoin conference in Hong Kong - DAG instead of blocks. But he didn't have a reliable consensus model and probably still doesn't, using 'trusted' nodes is a shortcut (instead of finding a trustless consensus algorithm that works) and will probably get things off the ground but something more robust will be needed.

Every time I raise points like this though some die hard supporter calls me a troll, this is quite revealing.

It's great that someone is doing something new, but answering critics with ad hom attacks is probably not a good idea.
This is great, raise more points like this and we will call out the trolls and not you.

I for one welcome criticism. If in doubt, whip it out. We will together find the flaws of this algorithm, maybe even both technically and socially, and use that knowledge to build better next time.
francisthecrusher
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February 07, 2017, 02:58:14 PM
 #4458

This is great, raise more points like this and we will call out the trolls and not you.

I for one welcome criticism. If in doubt, whip it out. We will together find the flaws of this algorithm, maybe even both technically and socially, and use that knowledge to build better next time.

Well... last time I quoted from the whitepaper and explained my concerns you called me a troll...

SatoNatomato
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February 07, 2017, 03:12:49 PM
 #4459

This is great, raise more points like this and we will call out the trolls and not you.

I for one welcome criticism. If in doubt, whip it out. We will together find the flaws of this algorithm, maybe even both technically and socially, and use that knowledge to build better next time.

Well... last time I quoted from the whitepaper and explained my concerns you called me a troll...


Sorry about that.

I fucked up.
chat
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February 07, 2017, 04:26:41 PM
 #4460

Hi Everybody
Question1: Byteball is designed with the (12 trusted witnesses) being able to control the network transactions. What stops them from colluding.I can tell you nothing prevents sometimes 5000 people on working together toward a shameful goal( like the bank in 2016 which allowed 5000 employees to create fake bank accounts).

Question2: The next distribution takes place in a few days and the developers say that each bitcoin linked to a byteball address will get 62.5mb.
So what is the 62.5mb roughly worth in usd or btc.
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