Obyte: Totally new consensus algorithm + private untraceable payments

[SatoNatomato]

And your trolling is bad, I did mention signature validation, that is verification.

Then it seems to me that your "really a massive amounts of transactions" is not that massive as I assumed. I see you have very little understanding about cryptocoins internals and bottlenecks they have.

My balls are more massive than yours. See I can say random things too.

That is like a great argument you have there "you have little understanding of like internals man", UH HUH OKAY?

Dont you even get tired resorting to personal attacks and falling back on your legendary argument-from-authority when you loose technical arguments?  

What else can you do when you realize your shitcoin isnt worth the name it has.

[Come-from-Beyond]

See I can say random things too.

It's a pretty common knowledge that signature verification is a bottleneck. Go to https://en.bitcoin.it/wiki/Softfork_wishlist and scroll down to "Ed25519" mention. Better read the whole Wiki, you don't know basic things.

[SatoNatomato]

There is nothing stopping you from making really a massive amounts of transactions on your own chain - and have it merged to the Main Chain when posting it for the witnesses to see.

You didn't mention signatures validation...

Did you forget to mention that Proof-of-Work in IOTA is a waste of energy, and time, since it does not in fact enforce any consensus or even security of the protocol? Due to nature of IoT devices being orders of magnitude less powerful than even normal PCs, and you expect them to run your dumb proof-of-work, waste energy and space. Because.... ? Yeah IOTA still relies on developers deciding consensus with milestones, and still is not on exchanges despite being a year or so in development, and still lacks even basics of smart contracts. Not to mention, requires human intervention to even setup nodes.  

Do I need to go on?

You're in this thread only because you are glowing red of envious, someone else made something better than you, and you are scared that Byteball will steal your lunch money, so you try to troll it away.

And your trolling is bad, I did mention signature validation, that is verification.

It is my understanding that PoW is not performed by each device, rather the device signs a transaction and the PoW is done by a full node.

I do not have enough technical knowledge or enough knowledge of IOTA to say whether that is a viable concept. I am not trying to defend it. I just want to point out that that specific criticism is not really valid.

That is the excuse indeed by Iota for this valid criticism - to not run Iota on the IoT device and trust a full node instead. LOL. Byteball can do that too, in fact any cryptocoin can do that. Bitcoin can do it. 

What exactly makes the criticism valid? That other coins can do it too? I am not being glib; I am genuinely asking. I am trying to understand your point of view.

You can read the IOTA Unmoderated thread.

Why do you ask about Iota in a Byteball thread? Ask yourself if it is worth to invest in a coin when you now know this type of criticism is not allowed on their official channels.  Yes, other coins do it, but better of course and they do it now, there are many more problems with Iota design, but sure if you like Iota because you like it go ahead, but its using an inferior product just because you can.

Sometimes they ban people for mentioning Byteball. Most of the times Ive seen in their slack channel they spread complete lies about Byteball - CfB actually said its a bitcoin sidechain.

I wouldnt trust liars.

Now they are like in this thread trying to stop me from informing people what Byteball actually does as best to my own understanding, and offering to criticize Iota while Im at it, and they do so by derailing, personal attacks and fake concern for others. Iota - a failed coin, but they have to milk the venture-capital and hype of IoT some more.

[Come-from-Beyond]

CfB actually said its a bitcoin sidechain.

I wouldnt trust liars.

This should quoted. I've never said that it's a Bitcoin sidechain. So you are a liar and you suggest not to trust liars, this is pretty funny.

[SatoNatomato]

CfB actually said its a bitcoin sidechain.

I wouldnt trust liars.

This should quoted. I've never said that it's a Bitcoin sidechain. So you are a liar and you suggest not to trust liars, this is pretty funny.

You should apologize for all the personal attacks. Then we can talk again.

[greentea]

all this friendly banter reminds me of bitcoin/litecoin back in the day.

IOTA/BB are both promising coins & I'm holding both.
but Sato seems to go out of his way to attack IOTA, makes me wonder ...

[durerus]

all this friendly banter reminds me of bitcoin/litecoin back in the day.

It's either or or neither nor, isnt it?

https://www.youtube.com/watch?v=hFDcoX7s6rE

[SatoNatomato]

all this friendly banter reminds me of bitcoin/litecoin back in the day.

IOTA/BB are both promising coins & I'm holding both.
but Sato seems to go out of his way to attack IOTA, makes me wonder ...

Why is an IOTA developer stalking me, a supposed troll, around in the Byteball thread? Makes me wonder.

You see what he has done, a normal user asked about transactions per second, I answer, and instead of continuing to discuss that, he comes with lies, vagueness, insinuates Byteball cant actually do "really massive" tps, and personal attacks.

If you read the conversation any differently than that, please enlighten us all.

[cryptonikus]

I wonder why is price of Byteball so stable, is it because of exchange? Seems like there is no much manipulation going on in cryptox when it comes to prices.

[CryptKeeper]

Byteball now traded on bitsquare.io 

https://bitsquare.io/

[jayohby]

are there any markets for blackbytes? going to be planned/launched anytime?

[kaicrypzen]

are there any markets for blackbytes? going to be planned/launched anytime?

Blackbytes are traded on Slack at #trading_blackbyte, you probably know that as you seem to be present on Slack (at least someone who has the same username ). The devs are supposed to be working on an in-wallet exchange for blackbytes, but we don't know when it's supposed to be launched.

[yvv]

Why is an IOTA developer stalking me, a supposed troll, around in the Byteball thread? Makes me wonder.

May be because it is fun to poke you? You react so nervously.

Seriously, why don't you just ignore the guy?

[pwpwpw]

Byteball now traded on bitsquare.io 

https://bitsquare.io/

under what name ? I can't find it.

[jayohby]

are there any markets for blackbytes? going to be planned/launched anytime?

Blackbytes are traded on Slack at #trading_blackbyte, you probably know that as you seem to be present on Slack (at least someone who has the same username ). The devs are supposed to be working on an in-wallet exchange for blackbytes, but we don't know when it's supposed to be launched.

yes that is me

dont have that channel in my slack though. will probably have to add it.

Still, i'd like to see it on exchange so i can see the market in action.

[HI-TEC99]

Byteball now traded on bitsquare.io  

https://bitsquare.io/

under what name ? I can't find it.

When pascal coin was added to bitsquare.io it immediately showed in the installable client, but it took a week before it showed on the markets on the website. Byteball will probably show on the website's markets in another week.

LAUNCHED FINALLY ON BITSQUARE!!!!!!!!!!!!!

No trading yet on https://market.bitsquare.io/?

It's on there. You have to download their app to trade. It creates a TOR node and everything is done on the TOR network.

I've asked to bitsquare to add PASA (Pascal Accounts) also to trade.
Also asked why PASC is not listed in website market

PASC/BTC is now listed on bitsquare market website:
https://market.bitsquare.io/?market=pasc_btc

[CryptKeeper]

Byteball now traded on bitsquare.io  

https://bitsquare.io/

under what name ? I can't find it.

Look for "Byte (GBYTE/BTC)" in the bitsquare app. Their market's website https://market.bitsquare.io/ isn't updated yet!

Update:
The site https://market.bitsquare.io/ is now updated. I guess it needed some trades and has updated itself.

[axllht]

Hi, I have strange problem, my byteball client (v1.3.0) stoped syncing

I turned them off when was 60%, after restart it stuck on 0%

[CryptKeeper]

Hi, I have strange problem, my byteball client (v1.3.0) stoped syncing

I turned them off when was 60%, after restart it stuck on 0%

Don't worry, sometimes syncing takes a very long time and the percentage jumps 10-20% suddenly.
I suggest to drink a nice cup of tea or coffee and wait. 

[tonych]

can anybody tell about TPS rate and predictable database growth?

There is no TPS set in stone as with bitcoin, where the blocksize basically determines how many transactions you can fit in a block, with Byteball, theoretically it should handle hundreds of thousands tx/s, but today its not optimized at all for this speed.

Correct.

I guess the upper practical limit is the 12 witnesses, how many transactions they can see (bot dont need to see it at the same time) and post to each other and append to the database, to the main chain.

Wrong.  Witnesses don't do any more work than any other full node, they are not special with respect to TPS, and they are not a limiting factor in any way.

There is nothing stopping you from making really a massive amounts of transactions on your own chain - and have it merged to the Main Chain when posting it for the witnesses to see. As long as you didnt double-spend, the verification of which witnesses do takes little time compared to what you spend in making the transactions, if all is fine, your chain of massive amount of txs will be in the main chain.

Again, this implies that it is witnesses who are doing verification and detect double-spends.  Wrong - every full node does it in exactly the same way.

We use witnesses only to establish order of events by looking back in history.