Obyte: Totally new consensus algorithm + private untraceable payments

[CryptKeeper]

My mind boggles at the possibilities this BTC-oracle opens up:
https://github.com/byteball/btc-oracle
 

[iTradeChips]

question guys. i participated in the 2nd round and i got some byteballs and blackbytes from the airdrop. as i understood it, i didnt have to do anything more to be able to participate in the 3rd round? i still have not received any coins from march airdrop. did i miss something? thanks in advance

Please make sure that you updated to wallet version 1.5.1 and that you are fully synced!

thanks. i have the latest intaller on w10 now. but how do i backup the existing old wallet?

[doriangray]

question guys. i participated in the 2nd round and i got some byteballs and blackbytes from the airdrop. as i understood it, i didnt have to do anything more to be able to participate in the 3rd round? i still have not received any coins from march airdrop. did i miss something? thanks in advance

Please make sure that you updated to wallet version 1.5.1 and that you are fully synced!

thanks. i have the latest intaller on w10 now. but how do i backup the existing old wallet?

Go to c > users > *your computer name* > AppData > Local

Then copy/backup the whole byteball folder anywhere you want.

[bitcoin42r4]

BB needs some serious exchange

Let's bring liquidity to internal exchange.

What internal exchange? You mean cryptox? How should we increase liquidity? Don't wanna sell my byteballs and I already bought as much as I could afford  

This exchange

byteball:Ar2ukVqx309sX+LoC9RVOpfATgXskt+Ser5jVr3Q2FOo@byteball.org/bb#0000

Go ahead, make your offer.

go ahead and keep it up for new vista is mine aim.

[SatoNatomato]

My mind boggles at the possibilities this BTC-oracle opens up:
https://github.com/byteball/btc-oracle
 

What the fuck. 

Now a merchant-bot can accept payments in BTC, and a BTC-to-Bytes or Blackbytes exchange can be implemented, and everything the peers would agree to trust is a third-party run btc-oracle.

Its even possible to have a merchantbot accept payments in btc or bytes/blackbytes, and deliver "goods" when either of these payment options are received. The best part is the merchantbot doesnt have to run its own bitcoin-node, it can just listen to btc-oracle.

Is there a plan to have a ethereum-oracle?

[Come-from-Beyond]

My mind boggles at the possibilities this BTC-oracle opens up:
https://github.com/byteball/btc-oracle
 

What the fuck.  

Now a merchant-bot can accept payments in BTC, and a BTC-to-Bytes or Blackbytes exchange can be implemented, and everything the peers would agree to trust is a third-party run btc-oracle.

Its even possible to have a merchantbot accept payments in btc or bytes/blackbytes, and deliver "goods" when either of these payment options are received. The best part is the merchantbot doesnt have to run its own bitcoin-node, it can just listen to btc-oracle.

Is there a plan to have a ethereum-oracle?

Such oracles are an overkill. If we trust witnesses then we can trust data published by them. And no Merkle magic needed for that.

[SatoNatomato]

Dear reader,

An IOTA-developer (Come-from-Beyond) is in this Byteball thread spreading FUD and misinformation. Petty. Disregard posts.

[realbigs21024]

Can someone please be so kind to help me out a little please

byteball:J5DKES3U4GVRFCFLHCZW2IHPOIMTA6BH

[Come-from-Beyond]

Dear reader,

An IOTA-developer (Come-from-Beyond) is in this Byteball thread spreading FUD and misinformation. Petty. Disregard posts.

For better visibility of your post:

[Come-from-Beyond]

misinformation

1. You claimed that Byteball is more secure than Monero and ZeroCoin. This was refuted by Byteball developer.
2. You claimed that Byteball blockchain can be compressed by violating the Law of information preservation. Nuff said.
3. You claimed that PoW can't be used as anti-Sybil measure. You still failed to explain how Bitcoin works then.

So, who is spreading misinformation?

[Odrak]

Dear reader,

An IOTA-developer (Come-from-Beyond) is in this Byteball thread spreading FUD and misinformation. Petty. Disregard posts.

For better visibility of your post:

Stating something as an overkill can be interpreted as a subjective opinion. Being more constructive in your comments might lead people to believe differently in your intentions

[Come-from-Beyond]

Stating something as an overkill can be interpreted as a subjective opinion. Being more constructive in your comments might lead people to believe differently in your intentions

Valid point.

I won't explain https://en.wikipedia.org/wiki/Occam's_razor just read the linked article.

Regarding our case, in cryptography all security assumptions are reduced to the minimal set of assumptions. The foundation of Byteball security is based on assumption that majority of the witnesses can be trusted. An obvious way to implement an oracle in such system is to require majority of witnesses to sign an oracle's statement. The link to the BTC-oracle tells that cryptographic proofs based on Merkle tree are used. This is overengineering, because if the quorum of witnesses states that a Bitcoin transaction is confirmed then we don't need to do Simple Payment Verification (which utilizes Merkle tree approach).

Even more, if we decide to create an oracle for a PoS-based coin then we can't use Merkle trees, we need to verify the complete history of payments. In other words PoS coins cannot use SPV described in Satoshi's paper. So, instead of using Merkle trees for PoW coins and something else for PoS coins we can just combine everything if we rely on the witnesses.

I hope I explained why I called BTC-oracle "an overkill". I tried to be as ELI5 as possible.

[yvv]

Providing BTC data and other data which is not related to DAG security is not a witness job, therefore BTC oracle is needed if we want to have a reliable BTC bridge. We may need thousands of different data feeds from different sources for different purposes in the future, we can't obligate twelve witnesses to provide all of them.

[Come-from-Beyond]

Providing BTC data and other data which is not related to DAG security is not a witness job, therefore BTC oracle is needed if we want to have a reliable BTC bridge. We may need thousands of different data sources for different purposes in the future, we can't obligate twelve witnesses to provide all of them.

Ok. There are thousands ways from A to B. Ping me when you'll decide to add an oracle for a PoS-coin, please.

[yvv]

Providing BTC data and other data which is not related to DAG security is not a witness job, therefore BTC oracle is needed if we want to have a reliable BTC bridge. We may need thousands of different data sources for different purposes in the future, we can't obligate twelve witnesses to provide all of them.

Ok. There are thousands ways from A to B. Ping me when you'll decide to add an oracle for a PoS-coin, please.

You address the wrong party here. I am not going to do nothing with no POS coins.

[Come-from-Beyond]

You address the wrong party here. I am not going to do nothing with no POS coins.

Got it, I wrongly assumed you were the creator of that BTC-oracle.

[SatoNatomato]

Iota investors should see this thread and the behavior of lead IOTA dev. Can someone link it in their censored thread? Thanks.

Can not be confidence inspiring, to see such lies as "Byteball blockchain", and the rest of horse-shit.

Can only mean 1 thing. IOTA sucks, and IOTA-dev is afraid of Byteball, sees it as worthywhile competition that he has to spend time in this thread calling Byteball a blockchain, Byteball features an overkill and other nonsense.

[Come-from-Beyond]

Can only mean 1 thing. IOTA sucks, and IOTA-dev is afraid of Byteball, sees it as worthywhile competition that he has to spend time in this thread calling Byteball a blockchain, Byteball features an overkill and other nonsense.

Or it means that IOTA-dev doesn't like cheerleaders like SatoNatomato who behave like they are pulling a confidence trick to scam people later.

You still haven't explained why you lied in those 3 cases listed upthread. Of course, I don't expect you'll give any meaningful feedback on that, you'll just switch topic or make appearance you didn't notice this post...

[SatoNatomato]

misinformation

1. You claimed that Byteball is more secure than Monero and ZeroCoin. This was refuted by Byteball developer.
2. You claimed that Byteball blockchain can be compressed by violating the Law of information preservation. Nuff said.
3. You claimed that PoW can't be used as anti-Sybil measure. You still failed to explain how Bitcoin works then.

So, who is spreading misinformation?

1. Was not refuted, tonych claimed Byteball has better usability, which is true. Byteball does have private untraceable and usable payments, which are more secure as its implementation is easier than Zcash and similar coins (as seen from Komodo debacle).

2. Byteball does not have a blockchain. The Byteball database as it is today does compress well. Go back to your IOTA thread.

3. I claimed PoW and IoT are oxymorons, PoW in the context of IOTA is worthless, for bitcoin I stated it does add anti-Sybil, while you claimed bitcoin doesnt have anti-Sybil defense.

Nice to see you troll here again, raises at least this thread to top of Announcement.

[kamiyama]

I appreciate the increased knowledge thanks to both parties