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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1219101 times)
SatoNatomato
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February 17, 2017, 03:07:10 PM
 #5061

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.  Roll Eyes

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.  Roll Eyes
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SatoNatomato
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February 17, 2017, 03:10:43 PM
 #5062

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?   Cheesy

What else can you do when you realize your shitcoin isnt worth the name it has.
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February 17, 2017, 03:12:18 PM
 #5063

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.  Roll Eyes

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.  Roll Eyes


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.
Come-from-Beyond
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February 17, 2017, 03:16:02 PM
 #5064

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
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February 17, 2017, 03:27:15 PM
 #5065

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.  Roll Eyes

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.  Roll Eyes


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
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February 17, 2017, 03:30:23 PM
 #5066

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
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February 17, 2017, 03:51:34 PM
 #5067

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
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February 17, 2017, 04:04:33 PM
 #5068

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 ...

NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
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durerus
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February 17, 2017, 04:35:35 PM
 #5069

all this friendly banter reminds me of bitcoin/litecoin back in the day.
Grin It's either or or neither nor, isnt it?

https://www.youtube.com/watch?v=hFDcoX7s6rE
SatoNatomato
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February 17, 2017, 05:57:09 PM
 #5070

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
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February 17, 2017, 05:58:56 PM
 #5071

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.

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CryptKeeper
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February 17, 2017, 06:38:00 PM
 #5072

Byteball now traded on bitsquare.io  Grin

https://bitsquare.io/

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
jayohby
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February 17, 2017, 06:40:31 PM
 #5073

are there any markets for blackbytes? going to be planned/launched anytime?
kaicrypzen
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February 17, 2017, 06:49:08 PM
 #5074

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 Smiley). 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
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February 17, 2017, 06:52:34 PM
 #5075

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
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February 17, 2017, 08:14:02 PM
 #5076

Byteball now traded on bitsquare.io  Grin

https://bitsquare.io/


under what name ? I can't find it.

jayohby
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February 17, 2017, 08:20:36 PM
 #5077

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 Smiley). 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 Smiley

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
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February 17, 2017, 09:59:40 PM
Last edit: February 17, 2017, 11:08:47 PM by HI-TEC99
 #5078

Byteball now traded on bitsquare.io  Grin

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!!!!!!!!!!!!!


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
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February 17, 2017, 10:00:05 PM
Last edit: February 17, 2017, 10:37:04 PM by CryptKeeper
 #5079

Byteball now traded on bitsquare.io  Grin

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.

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
axllht
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February 17, 2017, 10:08:41 PM
 #5080

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%

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