Obyte: Totally new consensus algorithm + private untraceable payments

[Come-from-Beyond]

Except you didnt highlight any of my "lies", but instead spread your own misguided opinions which are FUD. Exhibits

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

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

...This is overengineering,...more fud and shit.
I hope I explained why I called BTC-oracle "an overkill". I tried to be as ELI5 as possible.

I can explain this issue, if you didn't get the idea. Should I?

[SatoNatomato]

I can explain this issue, if you didn't get the idea. Should I?

You claimed you were highlighting my lies, in fact the opposite was true.

Your lies, among others is using the phrase "Byteball blockchain", when in fact Byteball has no blockchain in its design anywhere. Pure FUD.

No, I and others do not want more of your FUD, kindly leave this thread and go to your own coin and its thread.

If on the other hand you are so in love with arguing with me, and you wish to protect gullible people from my scam-attempts, you can at any time unban me from the IOTA thread and we will talk there, and you can protect people in that thread from my scam-attempts. Deal?

[Come-from-Beyond]

You claimed you were highlighting my lies, in fact the opposite was true.

Your lies, among others is using the phrase "Byteball blockchain", when in fact Byteball has no blockchain in its design anywhere. Pure FUD.

No, I and others do not want more of your FUD, kindly leave this thread and go to your own coin and its thread.

If on the other hand you are so in love with arguing with me, and you wish to protect gullible people from my scam-attempts, you can at any time unban me from the IOTA thread and we will talk there, and you can protect people in that thread from my scam-attempts. Deal?

It's good that you brought this topic. This is still left not answered/commented by someone knowing Byteball internals:

I'm still not convinced that Byteball is a pure DAG coin, to prove my position I would need to generate a lot of transactions on Byteball network to show that in certain conditions (related to DAG topology) TPS growth is negatively impacted by necessity to pick the main chain. If you compared Ethereum (which calls itself blockchain) and Byteball you would see that they don't differ much:

If you looked at IOTA you would see this:

I'm not interested enough to make sure that my assumption is correct, but you could help by generating a lot of transactions and posting here the topology of the resulting Byteball DAG. Try 10 TPS on the testnet maybe?

Not that it's urgent, but still...

[Come-from-Beyond]

you can at any time unban me from the IOTA thread and we will talk there

I don't longer read that thread nor moderate it, feel free to post there, but don't expect me to answer.

BTT was good for bootstrapping but now it only slows IOTA down. I can't longer dedicate my time to reading majority of posts in this thread for moderating. If anyone has questions to me, please, use PMs or go to http://slack.iota.org. If moderation is required - there are still few alive board moderators.

[SatoNatomato]

you can at any time unban me from the IOTA thread and we will talk there

I don't longer read that thread nor moderate it, feel free to post there, but don't expect me to answer.

BTT was good for bootstrapping but now it only slows IOTA down. I can't longer dedicate my time to reading majority of posts in this thread for moderating. If anyone has questions to me, please, use PMs or go to http://slack.iota.org. If moderation is required - there are still few alive board moderators.

What a lie, since you can be in this thread posting bullshit and FUD, and now even with pictures.

Very poor form. Embarrassing for IOTA.

[kola-schaar]

Calm down! It is weekend 

[Come-from-Beyond]

What a lie, since you can be in this thread posting bullshit and FUD, and now even with pictures.

Very poor form. Embarrassing for IOTA.

I keep an eye on this thread to make sure you won't scam newbies. I already provided 3 cases when you lied, there will be more, I'm sure.

[yvv]

Offtopic flooding is fucking embarrassing. All started from a simple announcement of bitcoin oracle. Can we get back on topic?

[Come-from-Beyond]

Offtopic flooding is fucking embarrassing. All started from a simple announcement of bitcoin oracle. Can we get back on topic?

Agree. I suggest to focus on the following:

1. Demonstration that necessity to pick the main chain won't become a bottleneck
2. Revelation of the plan how the bloating issue will be solved
3. Revelation of the plan how a migration to a quantum-proof signature scheme will be done
4. Stress-testing of smart contracts execution, if contracts can invoke other contracts then this part should be stress-tested too
5. Explanation how all witnesses could be replaced (even if it's a long process)

I believe none of the points is an offtopic.

[SatoNatomato]

What a lie, since you can be in this thread posting bullshit and FUD, and now even with pictures.

Very poor form. Embarrassing for IOTA.

I keep an eye on this thread to make sure you won't scam newbies. I already provided 3 cases when you lied, there will be more, I'm sure.

It is only you who actually believes your own "points" where I "lied".

You do not keep an eye on me from scamming gullible Byteball users, you are in this thread since you are butthurt I didnt pick IOTA for IoT product but instead picked Byteball.

Now you are here to actually spread lies and FUD to what you see is a threat to your own scam attempt which is IOTA.

This is the Fear, Uncertanity and Doubt combined with pure lies you have offered so far in this thread,


1) that Byteball doesnt scale and has low transactions per second

2) Byteball is not a DAG coin and is a blockchain coin

3) That privacy and untraceable payments are unsafe and not to be relied upon and that Byteball blackbytes in effect is less than offered by ZCash and Monero.

4) Oracles, BTC-Oracle, in Byteball is overkill and over engineered

All of these have been refuted, even by tonych himself for 3, yet as a troll you continue to spam this thread. Poor form very weak.

[Odrak]

SatoNatomato, what kind of product are you planning on building? 

[SatoNatomato]

Offtopic flooding is fucking embarrassing. All started from a simple announcement of bitcoin oracle. Can we get back on topic?

Agree. I suggest to focus on the following:

1. Demonstration that necessity to pick the main chain won't become a bottleneck
2. Revelation of the plan how the bloating issue will be solved
3. Revelation of the plan how a migration to a quantum-proof signature scheme will be done
4. Stress-testing of smart contracts execution, if contracts can invoke other contracts then this part should be stress-tested too
5. Explanation how all witnesses could be replaced (even if it's a long process)

I believe none of the points is an offtopic.

1. You fail to understand how Byteball works and especially the witnessing. People have tried to explain, a few pages back. Not our problem you have a weak mind.

2) Addressed in the whitepaper, compression works well today, price of data to store is price payed in bytes.

3) Quantum-proof is non-issue for hash-based signatures, when Bitcoin breaks, Byteball may break, the code supports different signature curve to be used even today, Whitepaper especially mentions NRU for this reason.

4) Whitepaper mentions the defined constants, 1 of which sets this limit, which is 100 I believe.

5) Organically, like is mentioned in the whitepaper and by many people in this thread.

Kisses.

[Come-from-Beyond]

All of these have been refuted, even by tonych himself for 3, yet as a troll you continue to spam this thread. Poor form very weak.

I probably missed something said by tonych. Let's check everything one by one?

1) that Byteball doesnt scale and has low transactions per second

The latest info I have is this:

What TPS limit do you expect to see in the real world (order of magnitude)?

You know, there is no architectural limit in the DAGs.
Regarding the practical limits, I don't buy into this race to Visa tps.  The most pressing issue of crypto is not tps, it is adoption (which we address in the first place).  Tps will come second after the first is solved.

Am I the only one who thinks that the answer is pretty vague because it assumes that Byteball is DAG which is not obvious? Technically he said that there is no a limit, so it would be handy to see how Byteball behaves at 10 TPS, 100 TPS and 1000 TPS. I believe there is no a problem to run a stress-test with plain transfers on the testnet.

So I suggest to do such the stress-test and then we'll move to point 2 and so on...

[SatoNatomato]

SatoNatomato, what kind of product are you planning on building? 

The prototype is on ESP8266, now we move to ESP32 especially for BluetoothLE on it. We have cooperation with a smart home/natural human lightening company to supply them with these connected things, they like the prototype. Next iteration is working with medical/old-people-care-center.

[SatoNatomato]

move to point 2 and so on...

Yeah as expected, avoid the facts. What trash you are.

Just like IOTA, trash and a scam.

[Odrak]

SatoNatomato, what kind of product are you planning on building? 

The prototype is on ESP8266, now we move to ESP32 especially for BluetoothLE on it. We have cooperation with a smart home/natural human lightening company to supply them with these connected things, they like the prototype. Next iteration is working with medical/old-people-care-center.

Interesting! Not that I understand much of what you're saying

[Come-from-Beyond]

1. You fail to understand how Byteball works and especially the witnessing. People have tried to explain, a few pages back. Not our problem you have a weak mind.

Right, I don't understand everything, but it can be a sign of a conceptual flaw, not of my "weak mind".

2) Addressed in the whitepaper, compression works well today, price of data to store is price payed in bytes.

So what is the solution to the problem explained here:

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.

3) Quantum-proof is non-issue for hash-based signatures, when Bitcoin breaks, Byteball may break, the code supports different signature curve to be used even today, Whitepaper especially mentions NRU for this reason.

I know, I'd like to know how the conversion of old addresses will be done.

4) Whitepaper mentions the defined constants, 1 of which sets this limit, which is 100 I believe.

Thx, I'll check that part.

5) Organically, like is mentioned in the whitepaper and by many people in this thread.

What will happen during the transition? The network can't function in normal mode if several witnesses differ between transacting nodes.

[dfd1]

I need some answers.
Please elaborate, this is a new technology and no one really know how byteball DAG works.
1) Who responsible for hardforks? Should witnesses vote on hardfork? Or it's only depends on developers and right repository?
2) Is there a way to prune old transactions from local database and build transactions on some fresh ones? Is it necessary to keep all DAG on a disk?
3) Is there a SPV  wallet? Is it possible to make SPV wallet?
4) Why 12 witnesses, not  1200? From technical point of view, not politics. Is every transaction should carry all witnesses list with it? So transactions will be bigger proportionally to list of witnesses? Or not, and there is no problem to do 1200, 12000 or 1200000 witnesses potentially?
5) Can witnesses change max supply of coins and generate 10000 tb more? If not, who can?

[Come-from-Beyond]

@tonych, what is your plan regarding the distribution in these conditions: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/ ?

[tangleNinja]

how long do btc withraws from cryptox usally take?