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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1228052 times)
SatoNatomato
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February 18, 2017, 01:16:26 PM
 #5081

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.
Wow, thank you for the corrections! Much better than I even realized.

Does adding more byteball-hubs help the network process more transactions? Does a byteball-relay also help, but just doesnt store temporarily any private-messages like a hub does?
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February 18, 2017, 01:28:01 PM
 #5082

Why is Byteball called Byte on Bitsquare and not Byteball?

Because they trade bytes, the native tokens of byteball.


Seems confusing doesn't it?

If you're on bitsquare and you see bytes but have never heard of byteball, you're not going to know what's being traded.

There's no mention of Byteball anywhere.

No, it is not confusing. You pay for every byte of data storage, hence the token is called byte. It is pegged to unit of storage. If you never heard of byteball, you don't need to buy bytes.
 

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SatoNatomato
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February 18, 2017, 01:29:08 PM
 #5083

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

I explained it upthread. Your post in IOTA thread looked as trolling, I followed your previous posts and saw signs of a long con against Byteball community. Even more, you had modus operandi of one scammer I met in the past. So now I'm paying close attention to your words. When you post bullshit, I reveal that. It's not my fault that you post bullshit that often that my behavior looks as trolling.
Thank you for doing the Byteball community a service, I am not sarcastic, please watch out for any other possible scammers as well, I do appreciate that. No sarcasm, for real.

I have no problem with you watching over the Byteball community, feel free to question me and unravel any scam-attacks.

But there is a problem when you insinuate Byteball can not scale or is not fast enough, twice now already even after tonych told you clearly there is no architectural limits, and otherwise spread other distrust in the project. What Byteball can do is even better than I understood it, and yet you insinuated there is a limit or speed-disadvantage compared to your own home-made hash function.

That is when I question your real motive for being here.

Attack me as a person, question my motives, but Ill stand up for Byteball, for what is right, just because I can.  Kiss

Just as you are watching over me, I will be watching over any Iota "investors"/victims, and remind them who you are and why you are following me around here.

EDIT:

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.

Well, yes, yes it is really a massive amounts of transactions, even more massive than I understood it. Got a problem with that?
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February 18, 2017, 01:52:31 PM
 #5084

Well, yes, yes it is really a massive amounts of transactions, even more massive than I understood it. Got a problem with that?

No, the only problem is that you spread misinformation and blatant lies.
SatoNatomato
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February 18, 2017, 02:06:28 PM
 #5085

Well, yes, yes it is really a massive amounts of transactions, even more massive than I understood it. Got a problem with that?

No, the only problem is that you spread misinformation and blatant lies.
Ah so that is your real motivation for being here, to make sure I dont "tell lies and misinformation", about what exactly, about Byteball?

I didnt tell a lie, Byteball does scale really really massively, and it is not misinformation.

You are the one who claimed twice it doesnt scale and claimed Byteballs signature verification is a bottleneck.

Take your lies, misinformation and trolling to your own Iota thread.
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February 18, 2017, 02:11:45 PM
 #5086

Ah so that is your real motivation for being here, to make sure I dont "tell lies and misinformation", about what exactly, about Byteball?

I didnt tell a lie, Byteball does scale really really massively, and it is not misinformation.

You are the one who claimed twice it doesnt scale and claimed Byteballs signature verification is a bottleneck.

Take your lies, misinformation and trolling to your own Iota thread.

You claimed that I had said Byteball was a sidechain of Bitcoin. It's a blatant lie. Or you can bet money on your claim?
crypto chat coin
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February 18, 2017, 02:48:29 PM
 #5087

I wish all the people would give a vote to ByteBall on trading sites MERCATOX, I believe with many trading sites will make many other new communities grow to make byteball be great, please give free VOTE for byteball and immediately added to the trading site MERCATOX

https://mercatox.com/coins/list

I've voted for Byteball, please join!  Grin

I''ll vote for it.

I also asked alcurEX to list byteball in this post, please join!

https://bitcointalk.org/index.php?topic=458732.msg17335090#msg17335090

I also loved it and i also ;like to join and want to become a part of it.
Krypt
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February 18, 2017, 02:48:41 PM
 #5088

will the rest of the coins 882390 be distributed the same way as until now (btc linked wallets)?
Yes, by btc linked wallets, but the rules will be changed:
The 4th and subsequent rounds (yet to be announced) will follow similar rules, but the relative weight of bytes vs. BTC (i.e. which amount of bytes gives the same share in the new distribution as 1 BTC) in the 4th and further rounds will change and will gradually increase to 1 BTC=62.5 MB.  It will be selected to maximize the value of bytes and keep the speed of distribution in sync with the growth of user base and the actual use of the network.  The ratio 62.5 MB per 1 BTC is chosen so that the total money supply of bytes (1015) and the total number of BTC in circulation (16,000,000) are equivalent.
tonych
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February 18, 2017, 03:09:56 PM
 #5089

Does adding more byteball-hubs help the network process more transactions? Does a byteball-relay also help, but just doesnt store temporarily any private-messages like a hub does?

Just a little bit, as much as it helps distribute the load created by catching up nodes. 
What the hub/relay are more useful for is their help in propagation of new transactions and in reliability.

Simplicity is beauty
oldisoft
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February 18, 2017, 04:09:37 PM
 #5090

Hi,

is it still  2nd rounds of distribution or I have to wait until 3rd?

Cheers

escapefrom3dom
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February 18, 2017, 04:11:44 PM
 #5091

Hi,

is it still  2nd rounds of distribution or I have to wait until 3rd?

Cheers

wait for the 3rd which is scheduled for the full moon of March (March 12, 2017 at 14:54 UTC).

cybterpunk
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February 18, 2017, 04:15:57 PM
 #5092

that's some cool idea, and some good innovations.
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February 18, 2017, 04:16:41 PM
 #5093

Hi,

is it still  2nd rounds of distribution or I have to wait until 3rd?

Cheers

wait for the 3rd which is scheduled for the full moon of March (March 12, 2017 at 14:54 UTC).

Thank you, how long is going each round?

when was finished 2nd?

escapefrom3dom
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February 18, 2017, 04:19:38 PM
 #5094

Hi,

is it still  2nd rounds of distribution or I have to wait until 3rd?

Cheers

wait for the 3rd which is scheduled for the full moon of March (March 12, 2017 at 14:54 UTC).

Thank you, how long is going each round?

when was finished 2nd?


the 2nd was finished February 11.

all payments were made during 1-2 days.

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February 18, 2017, 05:14:26 PM
 #5095

poloniex should list this great coin.
cryptonikus
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February 18, 2017, 06:23:30 PM
 #5096

Byteballs needs more marketing to get more people in on every distribution rounds. Community should organize some kind of campaign.

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HI-TEC99
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February 18, 2017, 06:29:38 PM
 #5097

Byteballs needs more marketing to get more people in on every distribution rounds. Community should organize some kind of campaign.

There were a few signature campaigns, the last of which ended recently.

https://bitcointalk.org/index.php?topic=1760807.0

If enough people contribute coins for another there would be plenty of sign ups to it. Getting enough coins to pay for it is the big problem.
SatoNatomato
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February 18, 2017, 06:32:42 PM
 #5098

Ah so that is your real motivation for being here, to make sure I dont "tell lies and misinformation", about what exactly, about Byteball?

I didnt tell a lie, Byteball does scale really really massively, and it is not misinformation.

You are the one who claimed twice it doesnt scale and claimed Byteballs signature verification is a bottleneck.

Take your lies, misinformation and trolling to your own Iota thread.

You claimed that I had said Byteball was a sidechain of Bitcoin. It's a blatant lie. Or you can bet money on your claim?
Ask your slack admin for the archive then ctrl+f those words, if you dont remember. It was within the last month.

Aside from that another or you Iota devs called the Byteball insignificant bullshit and the community infantile pussies. That should be in your censored Iota thread, but its OK other peoole have seen it and have scrreenshots if you edit it out now. The https://bitcointalk.org/index.php?topic=1216479.msg17664669#msg17664669
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February 18, 2017, 07:03:02 PM
 #5099

Ask your slack admin for the archive then ctrl+f those words, if you dont remember. It was within the last month.

Aside from that another or you Iota devs called the Byteball insignificant bullshit and the community infantile pussies. That should be in your censored Iota thread, but its OK other peoole have seen it and have scrreenshots if you edit it out now. The https://bitcointalk.org/index.php?topic=1216479.msg17664669#msg17664669

You keep sticking to your lies, ok, I didn't expect that you would change your tactics. I'll keep watching you.
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February 18, 2017, 08:02:38 PM
 #5100

Hello
1 positive balance at the Bitcoin wallet tied only need to have the time ALLOTMENT? or permanently?
2 taken into account only the current amount that is in this purse, or the sum of all transactions for the entire period? Smiley
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