Obyte: Totally new consensus algorithm + private untraceable payments

[Come-from-Beyond]

...but alas not all visitors have the necessary skills to judge this so I do.

How can you judge that if you lack the required skills? I can remind your fuckups which show that.

[lweuoo]

i cant sync wallet

[tonych]

It is normal that there is no consensus (yet) about the unstable trailing part.

If we denote the interval of time between a transaction issuance and the transaction finalization (by witnesses) as confirmation time, does an average confirmation time increase monotonically if the global TPS rate increases monotonically?

PS: "Yes" would mean that SatoNatomato was wrong that DAG has no limits on scaling even if we have superpowerful hardware (but the latency still persists).

It all depends on the behavior of witnesses.  That said, it is reasonable to expect that as TPS increases, witnesses also post more frequently, therefore confirmation time decreases.  Of course, there is a lower bound defined by network latency, times number of witnesses.

[2012]

I am ready to received some good share from next distribution which is happening soon. This is good same time that Byteball is getting more and more valuable over the time and it's value should keep increasing. I am a simple investor non technical but if there are some issues raised dev will take care of them.

[Come-from-Beyond]

Of course, there is a lower bound defined by network latency, times number of witnesses.

Thank you. I'll point SatoNatomato to this next time he starts telling fantastic stories.

[SatoNatomato]

Of course, there is a lower bound defined by network latency, times number of witnesses.

Thank you. I'll point SatoNatomato to this next time he starts telling fantastic stories.

What will you point out? That you just lack reading comprehension or is your mind incapable of understanding? Does lower mean upper to you? How is a lower bound a limit? Can you explain, that would be great.

My initial statement which you tried to "prove wrong" is in fact "proved right" by tonych, in fact, you had previously insinuated Byteball doesnt scale to which tonych stated and I repeated "DAG has no architectural limits".

The more units there is posted, the higher the throughput. The more transactions, the confirmation time is faster, decreases. Not as you insinuated that more transactions would lead to some kind of congestion and increase/more-waiting for finality/confirmation.

Witnesses do not decide ordering of units.  Ordering is determined by the algorithm that looks back at the witnesses-authored units in the DAG.

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.

So, this is a fantastic story, isnt it?

Get over your hurt ego, me and my employer, we not gonna use IOTA for an IoT project, we use Byteball, thats it.

And leave this thread, people and me included are really tired of your shit.

It seems to me your mind is incapable of comprehending Byteball. So you cant "scratch the surface", so please, leave this thread and stick to IOTA.

[BTCspace]

where can i see the rich list?

thank you

[Come-from-Beyond]

What will you point out? That you just lack reading comprehension or is your mind incapable of understanding?

I'm sure that I read it right. If I read it wrong then why I don't see news about Facebook and Twitter adopting Byteball solution?

[Ive Gone Parabolic]

its really getting boring guys.
I invite you both to a beer, if you discuss this in person...

Sorry, having superhuman patience (professional deformation of all low-level coders) I don't feel when it's the right moment to stop. I guess it's now.

Debate is healthy, competition is healthy, why stop? Only problem is cfb was moderating iota thread, which looks like dble standard.

Arguments is way better than mindless speculation of price and moon talk.

discussion is healthy if its about technology, but not if the topic is only argumentless good and bad discussion which can also be called trolling ...

Lord liver might be underestimating the importance of trolling topics. I have always been a troll-superman and know that dropping vitriol in a boring thread sometimes can be the best and only way to shift fucked-up discussion to much more entertaining topics that bring up loads of attention and make utterly pragmatic foks chime in.

[kola-schaar]

where can i see the rich list?

thank you

Somewhere I was reading a comment:
All the coins, which offer a rich list, ie a public listing of the richest addresses,
are not usable in the long term.
In a world of data storage and NSA surveillance, such a currency is not atractive.

Sound for me plausible.

For Blackbytes, there definitely can't be a rich list.
For Bytes this is possible, their anonymity is comparable to BTC, but as far as I know there is (yet) none.
It is also not useful, since only 13,7 percent of the bytes were distributed.

In the context of the distribution, the aggregation can be estimated here http://transition.byteball.org/ .
Someone has certainly done this and can give more detailed information.

[kola-schaar]

i cant sync wallet

try

Our 1.5.1. wallet still sync 0% for hours..please help?

1. restart.
2. try to disable antivirus software.

or please go to helpdesk to fix your problems for the next round (Helpdesk:  http://slack.byteball.org/)
The team is helpful and competent..

[BTCspace]

where can i see the rich list?

thank you

Somewhere I was reading a comment:
All the coins, which offer a rich list, ie a public listing of the richest addresses,
are not usable in the long term.
In a world of data storage and NSA surveillance, such a currency is not atractive.

Sound for me plausible.

For Blackbytes, there definitely can't be a rich list.
For Bytes this is possible, their anonymity is comparable to BTC, but as far as I know there is (yet) none.
It is also not useful, since only 13,7 percent of the bytes were distributed.

In the context of the distribution, the aggregation can be estimated here http://transition.byteball.org/ .
Someone has certainly done this and can give more detailed information.

what's the top10 address of byteball token?

thank you very much.

[ttookk]

Ok, stupid question time:

Should the Bitcoin fork occur, which blockchain will be used for distribution?

[BTCspace]

Ok, stupid question time:

Should the Bitcoin fork occur, which blockchain will be used for distribution?

good question...

[miramare]

Ok, stupid question time:

Should the Bitcoin fork occur, which blockchain will be used for distribution?

good question...

Hard fork, hard choice.

Let's vote?

[SatoNatomato]

Ok, stupid question time:

Should the Bitcoin fork occur, which blockchain will be used for distribution?

good question...

It is like the eternal question even from 2009, "what is bitcoin"? Like the ship, if each wooden part is replaced one by one, is it still the same ship? If each consensus rule is upgraded/forked, is it still bitcoin? Philosophoraptor wonders.

[nillohit]

Ok, stupid question time:

Should the Bitcoin fork occur, which blockchain will be used for distribution?

good question...

Hard fork, hard choice.

Let's vote?

we need to prevent upcoming bitcoin hard fork with any cost. Miners & Users plz support segwit soft fork

BU vs SegWit : Last 1K blocks
BU 38.3% & SegWit 27.5%
Update : 23-03-2017 3:42 PM UTC

BU Vs Core : Nodes
BU 10% Core 84.1% Others 5.9%
Update : 23-03-2017 3:14 PM UTC

It's 100% clear that Bitcoin users support core , not BU

[zanzibar]

Ok, stupid question time:

Should the Bitcoin fork occur, which blockchain will be used for distribution?

good question...

It is like the eternal question even from 2009, "what is bitcoin"? Like the ship, if each wooden part is replaced one by one, is it still the same ship? If each consensus rule is upgraded/forked, is it still bitcoin? Philosophoraptor wonders.

Personally I don't get it, BU seems buggy as shit, I would never trust them to run the Bitcoin blockchain.

[innergy]

Vote, please..

"What's the next "BIG THING" in the altcoin world"
https://bitcointalk.org/index.php?topic=1839699.0

[tonych]

We need better translations.
Our wallet is only half translated, please help improve it:
- join github.com and fork byteball project https://github.com/byteball/byteball
- edit the relevant language file at https://github.com/byteball/byteball/tree/master/i18n/po.  You can use any text editor or Poedit, which is a specialized very convenient tool.  If you translate only part of the strings, no problem, the wallet will still become better than before.
- submit a pull request

I recently updated the strings, now the .po files include the strings that describe recently added functions (bound payments, smart contracts, etc).