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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1222722 times)
Come-from-Beyond
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March 17, 2017, 09:23:05 PM
 #6001

Each user is allowed to make 1 change of the 12 witnesses.  Kiss

The topic has been discussed in this thread and the Whitepaper is a very good source. You should read it. And cry, that your own design is so complicated and shitty compared to this.

As I said you are a clinical case but if you are willing to put your money where your mouth is - let's do it. So?
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March 17, 2017, 09:35:18 PM
 #6002

Main developer cant force users to anything, aside from auto-updating all Android apps through Google Play store (but not those in coming F-Droid release, how is it coming along @portabella !?)

To be honest, I do not know what would happen if I ran a modified client today which said it has 15 witnesses, I guess it would just be dropped as invalid transaction.

If i wanted to I could start a new network, "a fork" with 15 witnesses, but its then only using the same software but not at all same.

The concept of forks is discussed in the whitepaper under the title Schisms - in Byteball it is necessary for a new network, a new Byteball in the cases when witnesses collude with each other or just loose trust by the majority users - they can then start their new network, with 13 witnesses or 12, and begin linking old bytes to the new network as is being done today from BTC to Bytes.

What I like about Byteball is that the users have so much power. Just by selecting what to use, which witness we trust. Simple.

EDIT: Just to be clear, there is weakness in Byteball in my opinion, though CfB is clearly off target by half a planet. So far its only a few developers who understand it, we need better documentation so more developers can join and begin developing apps.
Thank you again. It would be nice if someone can comment on what happens if byteball.com owner decided 15 witnesses is too much and 15 witnesses will lead to bigger fees, less transactions and adoption, so they made a client with 9 witnesses.
How network would resolve how much witnesses is fine, or it will just split in three independent byteballs.
I'm not affiliated with CfB, btw, and not shill for iota, just curious  Smiley
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March 17, 2017, 09:41:21 PM
Last edit: March 17, 2017, 09:55:57 PM by SatoNatomato
 #6003

Main developer cant force users to anything, aside from auto-updating all Android apps through Google Play store (but not those in coming F-Droid release, how is it coming along @portabella !?)

To be honest, I do not know what would happen if I ran a modified client today which said it has 15 witnesses, I guess it would just be dropped as invalid transaction.

If i wanted to I could start a new network, "a fork" with 15 witnesses, but its then only using the same software but not at all same.

The concept of forks is discussed in the whitepaper under the title Schisms - in Byteball it is necessary for a new network, a new Byteball in the cases when witnesses collude with each other or just loose trust by the majority users - they can then start their new network, with 13 witnesses or 12, and begin linking old bytes to the new network as is being done today from BTC to Bytes.

What I like about Byteball is that the users have so much power. Just by selecting what to use, which witness we trust. Simple.

EDIT: Just to be clear, there is weakness in Byteball in my opinion, though CfB is clearly off target by half a planet. So far its only a few developers who understand it, we need better documentation so more developers can join and begin developing apps.
Thank you again. It would be nice if someone can comment on what happens if byteball.com owner decided 15 witnesses is too much and 15 witnesses will lead to bigger fees, less transactions and adoption, so they made a client with 9 witnesses.
How network would resolve how much witnesses is fine, or it will just split in three independent byteballs.
I'm not affiliated with CfB, btw, and not shill for iota, just curious  Smiley
Haha.

Just a moment Ill check to code to see what would happen and get back...

Here https://github.com/byteball/byteballcore/blob/master/constants.js are the 10 constants defined for Byteball network/platform/what-have-you.

If someone modified the default client or released "Byteball UnLimited Edition IoT" which modified any of those constants, the current Byteball-network would just drop them as invalid transactions, see where the errors would be thrown and transaction/unit trashed, https://github.com/byteball/byteballcore/search?utf8=%E2%9C%93&q=COUNT_WITNESSES&type=Code

If someone wanted to, you are free too, create your own new network with say for example 4 witnesses. You could do it, and offer the new networks currency to Ethereum hodlers by using the transition bot with slight modifications.


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March 17, 2017, 09:58:43 PM
 #6004

Don't know if this is scam or legit. Any input on this?

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March 17, 2017, 10:02:08 PM
 #6005

Each user is allowed to make 1 change of the 12 witnesses.  Kiss

The topic has been discussed in this thread and the Whitepaper is a very good source. You should read it. And cry, that your own design is so complicated and shitty compared to this.

As I said you are a clinical case but if you are willing to put your money where your mouth is - let's do it. So?
I dont want your scam money

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March 17, 2017, 10:03:29 PM
 #6006

I'm looking to sell ~8 GB and ~12 GBB, if anyone has bitcoins on ydx.slack.com then I can set ASK orders at 3 microBTC per 1 MB(B), it's with 25% discount comparing to the market price, if I'm not mistaken. Or I can send an invite, I'll need your email for that. All trades are escrowed by Yassin on that Slack. Read the rules on http://iotasupport.com/buyingiotaotc.shtml, most important part is that he charges 1% for deposits/withdrawals.

SatoNatomato, time to show your loyalty, it's very cheap GBs for you.

EDIT: I miscalculated, it's 33% discount.
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March 17, 2017, 10:04:56 PM
 #6007

I dont want your scam money

[img size=100]https://i.imgur.com/qslDhtb.png[/img]

We'll return to this topic tomorrow, now I just need to sell few GBs and do some important things.
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March 17, 2017, 10:10:37 PM
 #6008

I'm looking to sell ~8 GB and ~12 GBB, if anyone has bitcoins on ydx.slack.com then I can set ASK orders at 3 microBTC per 1 MB(B), it's with 25% discount comparing to the market price, if I'm not mistaken. Or I can send an invite, I'll need your email for that. All trades are escrowed by Yassin on that Slack. Read the rules on http://iotasupport.com/buyingiotaotc.shtml, most important part is that he charges 1% for deposits/withdrawals.

SatoNatomato, time to show your loyalty, it's very cheap GBs for you.
Wow, so much sell, how will the market ever absorb this hit of an entire 8GB.

What a puny attempt at price-dumping and more spreading of fear in this thread, when your lie is called out and highlighted in a screenshot of the whitepaper.  Grin

Got no more FUD to spread around here?

Anyone else, take the "discounted" GB and GBB, or CfB donate them to the community fund. I got my own money and dont need yours.
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March 17, 2017, 10:14:19 PM
 #6009

Don't know if this is scam or legit. Any input on this?
This is legit, the main Iota developer is in here FUDding and trolling.

Can you imagine, the Enterprise Corporation Financial Tech Cloud M2M IoT backed and Ubuntu partnership and many more Sponsored IOTA project, CfB one of the main developers wastes his time complaining about Byteball here.

That is how authentic this is. It is a very strong contender to take the cryptocurrency space in IoT.

The main developer is not anonymous, a nice community is brewing in this thread on slack. Join us!
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March 17, 2017, 10:14:53 PM
 #6010

Wow, so much sell, how will the market ever absorb this hit of an entire 8GB.

What a puny attempt at price-dumping and more spreading of fear in this thread, when your lie is called out and highlighted in a screenshot of the whitepaper.  Grin

Are you panicking? Got no more FUD to spread around here?

Anyone else, take the "discounted" GB and GBB, or CfB donate them to the community fund. I got my own money and dont need yours.

I asked to bet that you are not a programmer who was sent with the mission to pick a coin for IoT.
I asked to bet about other things too.
In all cases you refused by making childish excuses.
Now I offer you to get very cheap GBs in exchange for bitcoins and you refuse again.
What does all this mean? That everything you say is a lie or a delusion created by your brain.
I probably go too hard on you, take a break for few days, you need it.
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March 17, 2017, 10:39:47 PM
 #6011

Cmon get a room you two  Roll Eyes Huh
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March 17, 2017, 10:56:33 PM
 #6012

I asked to bet that you are not a programmer who was sent with the mission to pick a coin for IoT.
I asked to bet about other things too.
In all cases you refused by making childish excuses.
Now I offer you to get very cheap GBs in exchange for bitcoins and you refuse again.
What does all this mean?
That I do not give a shit about you, not even enough to accept your money.  Cool
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March 17, 2017, 11:03:28 PM
 #6013

That I do not give a shit about you, not even enough to accept your money.  Cool

And yet you reply to every my post, I see...
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March 17, 2017, 11:14:43 PM
 #6014

That I do not give a shit about you, not even enough to accept your money.  Cool
And yet you reply to every my post, I see...
If you stop posting FUD, lies and deceit about Byteball I wont reply, I promise.  Wink
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March 17, 2017, 11:36:24 PM
 #6015

btc is falling...

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March 17, 2017, 11:43:21 PM
 #6016

If you stop posting FUD, lies and deceit about Byteball I wont reply, I promise.  Wink

But it's you who post lies... Deadlock, it seems. Let's continue, I don't mind.
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March 18, 2017, 01:29:06 AM
 #6017


There's nothing to argue about, time to prove everything, facts prove everything.
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March 18, 2017, 02:14:04 AM
 #6018

If you stop posting FUD, lies and deceit about Byteball I wont reply, I promise.  Wink

But it's you who post lies... Deadlock, it seems. Let's continue, I don't mind.


Continue to discuss, technology in this atmosphere can be improved. You said it was fine.

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March 18, 2017, 02:37:05 AM
 #6019

Is there a market for blackbytes? How much blackbytes is worth 1 btc? Thank you
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March 18, 2017, 03:00:48 AM
 #6020

Is there a market for blackbytes? How much blackbytes is worth 1 btc? Thank you

https://byteball.slack.com
#trading_blackbyte

https://ydx.slack.com
#gbb_btc
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