Obyte: Totally new consensus algorithm + private untraceable payments

[Come-from-Beyond]

You are talking about an attack scenario in the future while I was talking about the database growth as it was from beginning until today.

Let's recall how it was:

How much hdd space do I need to download full DAG today? Is DAG somehow limited in size, or someone can make billions of transactions and bloat it?

Please read the OP:

The fees paid for storing one’s transactions (or any other data) in the Byteball database are equal to the size of the data being stored.  If the size of your transaction data is 500 bytes, you pay exactly 500 bytes (the native currency of Byteball) in fees.

So what? With a fee of 50$ someone can make DAG twice as big overnight? With a fee 500$ can make it 10 gb more? There is people who can do this just for fun. Is there some prunning mechanism what will allow to cut old transactions from database?

There isn't. I'm pointing this out for a long time but nobody is listening. Byteball has the same scalability problem like any other blockchain with adjustable blocksize limit. Database grows indefinitely and hardware and bandwith are the limiting factors. Moreover if somebody wants to attack byteball by sending huge data to the database it''s pretty easy and cheap at the current price. 8 years old Bitcoin blockchain nears 100 GB and you can make byteball database that big in 1 day for just $6700.

we definitely need an explanation from dev about it.

I dont think the problem exists today, of too fast growth too big load on nodes, hence low priority task. 100GB for bitcoin database is small anyway, compare with how much storage a random bank requires to run its business? Byteball database does grow fast, it can compress well, there can be other implementations to make it even smaller.

It's quite obvious that once people start to care about their GBs they'll do everything to spend as less them on fees as possible. It's a no-brainer to compress data before pushing them to Byteball storage. As the result most of data in Byteball DB will already have near-max entropy. At this point lossless compressing won't give noticeable benefit.

I hope you get now why that your post was misleading...

And now explain what was the purpose of your post other than to mislead people?

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[Come-from-Beyond]

I am a programmer at big enterprise within IoT.

Of course, we have to take these words at their face value...

[SatoNatomato]

More shit from iota dev

This is Byteball not Storj, its main point is transactions, the database for its intended purpose will contain transactions, as it does today, which as shown compress well. If you think people will use it to store random data as a storage mechanism, as said previously, please do,  go ahead, the whitepaper adresses the issue and so did main Byteball dev here, yet you can continue to spew more shit as you always do.

Very weak game CfB, and only shows my recommeded selection of distributed ledger for IoT, Byteball, to managers was right.


PS. IOTA, IoT and PoW does not compute what a joke lol.

[Come-from-Beyond]

This is Byteball not Storj, its main point is transactions, the database for its intended purpose will contain transactions, as it does today, which as shown compress well. If you think people will use it to store random data as a storage mechanism, as said previously, please do,  go ahead, the whitepaper adresses the issue and so did main Byteball dev here, yet you can continue to spew more shit as you always do.

Very weak game CfB, and only shows my recommeded selection of distributed ledger for IoT, Byteball, to managers was right.


PS. IOTA, IoT and PoW does not compute what a joke lol.

I see you are in full denial of the reality now, I'll wait for you to cool down. The others can see how it really was...

[SatoNatomato]

I am a programmer at big enterprise within IoT.

Blah blah

Just a notice

If you dont stop trolling me in this thread, lying, insinuating weakness in Byteball, insulting me etc, I will begin anti-Iota measures.

That is simple, for every post you make in this thread about me or irrelevant FUD, I will make 1 or 2 medium articles, and post in other more public spaces where Iota is present, and raise its issues. Youre not welcome here, I dont really give a shit about Iota, but if you are not leaving me alone here, I will piss on your rug.

[rytyr]

You can trade blackbytes only over the counter at #trading_blackbyte on https://byteball.slack.com, #gbb_btc on https://ydx.slack.com or https://bitcointalk.org/index.php?topic=1728405. For your information, an in-wallet exchange for blackbytes is in development.

Thanks for the information! I thought there is already an in-wallet exchange for blackbytes into bytes.

Is there an explaination how to use the trading bot in slack channel #trading_blackbyte? Do I need to post a special command to add my offer to bid or ask orders?

I added my convertion request on the buy and sell thread here on Bitcointalk. If interested, please take a look here https://bitcointalk.org/index.php?topic=1728405.msg18065946#msg18065946

[Spratan]

i am still holding my byteball..

how many byteball will be free giveaways this time?
thank you

The distribution rules are the same as in the second round:

BTC to bytes: 1 BTC of proven balance gives you 62.5 MB (0.0625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 62.5 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

And blackbytes to blackbytes also ?

No. You'll get free bytes on based of your linked BTC balance & linked byteball address

thanks

[Spratan]

This is Byteball not Storj, its main point is transactions, the database for its intended purpose will contain transactions, as it does today, which as shown compress well. If you think people will use it to store random data as a storage mechanism, as said previously, please do,  go ahead, the whitepaper adresses the issue and so did main Byteball dev here, yet you can continue to spew more shit as you always do.

Very weak game CfB, and only shows my recommeded selection of distributed ledger for IoT, Byteball, to managers was right.


PS. IOTA, IoT and PoW does not compute what a joke lol.

I see you are in full denial of the reality now, I'll wait for you to cool down. The others can see how it really was...

I think the argument is interesting. It reminds me of early DASH/Monero debate, each party pointing the flaws.
Result is they both entered Top 5 Marketcap and I am happy to have invested in Both long ago:-D

[kola-schaar]

...
Result is they both entered Top 5 Marketcap and I am happy to have invested in Both long ago:-D

Three years - it takes a lot of tenacity till harvesting. Many guys forget this...
https://coinmarketcap.com/currencies/monero/
https://coinmarketcap.com/currencies/dash/

[kaicrypzen]

Is there an explaination how to use the trading bot in slack channel #trading_blackbyte? Do I need to post a special command to add my offer to bid or ask orders?

The trading bot only serves as a book to record potential offers, and might not be a good indicator of the market. Anyone can set any order and vanish, orders do not get filled automatically ...

You can go to the channel and enter OTC, it will list the commands. You'll also surely see commands entered by users in the previous messages.

[callynyan]

How does one earn tx fees?

[cfif]

Boпpoc к знaтoкaм,a бaтбoлл мoжнo взлoмaть нa квaнтoвoм кoмпьютepe,биткoин тeopeтичecки yжe ceйчac вoзмoжнo,тaк зaявил Antonopoulos https://cointelegraph.com/news/nsa-will-not-use-quantum-computers-to-crack-bitcoin-antonopoulos
вeдь тpaнзы в бaйтбoллe oкoнчaтeльны)

[Come-from-Beyond]

Just a notice

If you dont stop trolling me in this thread, lying, insinuating weakness in Byteball, insulting me etc, I will begin anti-Iota measures.

That is simple, for every post you make in this thread about me or irrelevant FUD, I will make 1 or 2 medium articles, and post in other more public spaces where Iota is present, and raise its issues. Youre not welcome here, I dont really give a shit about Iota, but if you are not leaving me alone here, I will piss on your rug.

LOL

[Come-from-Beyond]

Boпpoc к знaтoкaм,a бaтбoлл мoжнo взлoмaть нa квaнтoвoм кoмпьютepe,биткoин тeopeтичecки yжe ceйчac вoзмoжнo,тaк зaявил Antonopoulos https://cointelegraph.com/news/nsa-will-not-use-quantum-computers-to-crack-bitcoin-antonopoulos
вeдь тpaнзы в бaйтбoллe oкoнчaтeльны)

Ecли тpaнзaкция зaфинaлизиpyeтcя дo тoгo, кaк oнa пoпaдeт в лaпы к квaнтoвoмy xaкepy - нeт. Инaчe, дa, пoтoмy чтo квaнтoвый xaкep пepeпoдпишeт тpaнзaкцию и бyдeт имeть нeнyлeвoй шaнc, чтo имeннo eгo вepcия бyдeт пpинятa "cвидeтeлями". Я пpeдпoлaгaю, чтo "cвидeтeли" иcпoльзyют квaнтoвoзaщищeнныe aлгopитмы для cвoиx пoдпиceй, инaчe квaнтoвый xaкep cмoжeт caм выcтyпaть "cвидeтeлeм".

[alexjonescrypto]

Boпpoc к знaтoкaм,a бaтбoлл мoжнo взлoмaть нa квaнтoвoм кoмпьютepe,биткoин тeopeтичecки yжe ceйчac вoзмoжнo,тaк зaявил Antonopoulos https://cointelegraph.com/news/nsa-will-not-use-quantum-computers-to-crack-bitcoin-antonopoulos
вeдь тpaнзы в бaйтбoллe oкoнчaтeльны)

We will not know they are using quantum computing until its too late.

[escapefrom3dom]

Boпpoc к знaтoкaм,a бaтбoлл мoжнo взлoмaть нa квaнтoвoм кoмпьютepe,биткoин тeopeтичecки yжe ceйчac вoзмoжнo,тaк зaявил Antonopoulos https://cointelegraph.com/news/nsa-will-not-use-quantum-computers-to-crack-bitcoin-antonopoulos
вeдь тpaнзы в бaйтбoллe oкoнчaтeльны)

B cтaтьe, ccылкy нa кoтopyю ты пpивoдишь, yкaзaнo:

Bitcoin is not vulnerable to Quantum computer attacks, Andreas Antonopoulos has confirmed.
и
We don’t have very good algorithms for breaking hashes with quantum computing.

Пepeвoжy для тeбя: биткoйн нe yязвим для aтaк c иcпoльзoвaниeм квaнтoвoгo кoмпьютepa в cвязи c oтcyтcтвиeм эффeктивныx aлгopитмoв взлoмa xeшeй.

=============

translation: the dude is asking about byteball vulnerabilities to quantum computing refering to similar article about bitcoin (wich says that there are no such flows):
https://cointelegraph.com/news/nsa-will-not-use-quantum-computers-to-crack-bitcoin-antonopoulos

[Come-from-Beyond]

Пepeвoжy для тeбя: биткoйн нe yязвим для aтaк c иcпoльзoвaниeм квaнтoвoгo кoмпьютepa в cвязи c oтcyтcтвиeм эффeктивныx aлгopитмoв взлoмa xeшeй.

Этo нe вepнo для cлyчaeв, кoгдa влaдeлeц yжe oтпpaвил тpaнзaкцию в ceть для пoдтвepждeния. B тaкoм cлyчae пyбличный ключ yжe нe зaщищeн xэш-фyнкциeй. Дo тex пop, пoкa влaдeлeц нe пытaeтcя пoтpaтить биткoины - этo бeзoпacнo. Пpoблeмa в тoм, чтo мeждy oтпpaвкoй тpaнзaкции и eё включeниeм в блoк пpoйдeт в cpeднeм 5 минyт. Квaнтoвый xaкep мoжeт пoлyчить пpивaтный ключ тaк жe быcтpo кaк влaдeлeц пpивaтнoгo ключa - пoдпиcaть тpaнзaкцию.

[escapefrom3dom]

Пepeвoжy для тeбя: биткoйн нe yязвим для aтaк c иcпoльзoвaниeм квaнтoвoгo кoмпьютepa в cвязи c oтcyтcтвиeм эффeктивныx aлгopитмoв взлoмa xeшeй.

Этo нe вepнo для cлyчaeв, кoгдa влaдeлeц yжe oтпpaвил тpaнзaкцию в ceть для пoдтвepждeния. B тaкoм cлyчae пyбличный ключ yжe нe зaщищeн xэш-фyнкциeй. Дo тex пop, пoкa влaдeлeц нe пытaeтcя пoтpaтить биткoины - этo бeзoпacнo. Пpoблeмa в тoм, чтo мeждy oтпpaвкoй тpaнзaкции и eё включeниeм в блoк пpoйдeт в cpeднeм 5 минyт. Квaнтoвый xaкep мoжeт пoлyчить пpивaтный ключ тaк жe быcтpo кaк влaдeлeц пpивaтнoгo ключa - пoдпиcaть тpaнзaкцию.

Xopoшo, a ecть proof of concept для тaкoй aтaки?

[Come-from-Beyond]

Xopoшo, a ecть proof of concept для тaкoй aтaки?

Bpяд ли, вeдь этo "common knowledge", ктo бyдeт дeлaть PoC для тpивиaльныx вeщeй?

[SatoNatomato]

If there is a quantum computer and algorithm which can break hashes then Iota is also affected, it is just using a homemade sponge function instead of secp256k1 elliptic curve used in Byteball and bitcoin.

Ofcourse the iota dev will lie and otherwise insinuate iota is somehow better at resisting quantum attacks just because he made it.