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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1172038 times)
metamorphin
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December 27, 2016, 11:37:08 PM
 #2761

It's a nice coin, but I see witness could be a potential problem. If someone uses a lot puppet users and create gradually his own witnesses, over the time he may be able to control the network once he gain more than half of the witnesses.
but he has to hurry up, because its impossible with a big network!

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dfox101
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December 27, 2016, 11:40:58 PM
 #2762

...
As we can see with only $10 billion market cap (less than the current market cap of bitcoin) storing 1 MB file in the Byteball system becomes expensive ($10). It shows that the design of the system (1 quadrillion cap of internal currency) precludes any widespread use case regarding data storing. Claiming that the system is scalable with regard to data storage is therefore unsubstantiated.

Please check if I did these calculations correctly as this looks like a rather serious issue.

Maybe you are right. But as I understand, byteball is not primarily intended as a mass storage:
•   page 33 Assets
•   page 37 Bank issued assets
•   page 38 None-financial-assets
•   page 38 Bonds
•   page 39 Commodity Bonds
•   page 40 Funds
•   page 40 Settlements
•   page 40 private payment
•   page 42 Fixed denominations assets
•   Page 45 Arbitrary structured data  (..this message type can be used to post Ethereum code for the subset..)
•   Page 45 Text
•   page 46 Voting
•   page 47 private messaging
Byteball is the wet dream of every banker. It is the Swiss army knife for the financial industry and / or Business economist, Accountant and Tax Consultant..
It‘s more like a very safe, secure, indestructible, tamper-proof paper. You can also use it to write books or letters, but it's actually too smart and expensive for this kind of use. But as tony explains (page 45 Text) you can store hashes.. - For me it looks flexible enough..


Nice summary, it will be great to see some applications built on top of byteballs, like those from Ethereum, using smart contracts. This will validate the concept and infrastructure provided by the byteballs, and will encourage more apps being built.
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December 27, 2016, 11:58:15 PM
 #2763

I am reading the white paper:
Quote
If two transactions try to spend the same output (double-spend) and there is no partial
order between them, both are allowed into the database but only the one that comes
earlier in the total order is deemed valid.

Do you remove the invalid transaction from the DAG tree? Or just leave it and mark it as "invalid"? How the tx that cover the invalid one gets re-org'd?

The invalid tx stays in the DAG but is marked as invalid and most of its data is removed.  Thanks to that, the txs that cover the invalid are not affected in any way.

Hmm this is interesting. But what about the parents? If the invalid tx gets some parents for the 1st time, he is suppose to get some fees. Will he actually gets it? If so then I can devise an attack by creating massive invalid double spending tx and the only purpose is to grab all the fees related to first time parents.
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December 28, 2016, 12:00:27 AM
 #2764

only recently learned of this coins existence, I love what I'm seeing of it so far, definitely jumping aboard, thanks devs, team and community Smiley

much love to one, to all

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December 28, 2016, 12:03:27 AM
 #2765

I am reading the white paper:
Quote
If two transactions try to spend the same output (double-spend) and there is no partial
order between them, both are allowed into the database but only the one that comes
earlier in the total order is deemed valid.

Do you remove the invalid transaction from the DAG tree? Or just leave it and mark it as "invalid"? How the tx that cover the invalid one gets re-org'd?

The invalid tx stays in the DAG but is marked as invalid and most of its data is removed.  Thanks to that, the txs that cover the invalid are not affected in any way.

Hmm this is interesting. But what about the parents? If the invalid tx gets some parents for the 1st time, he is suppose to get some fees. Will he actually gets it? If so then I can devise an attack by creating massive invalid double spending tx and the only purpose is to grab all the fees related to first time parents.

That is quite an observation, if that is the case then what is stopping users attacking the network with double spend inputs that have been edited for the same time input, wouldn't both then be accepted at the same time since the timestamps are identical so it wouldn't know which one comes first.
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December 28, 2016, 02:49:23 AM
 #2766

So anyone else here didn't get their Byteballs???

If you didn't get them then something was probably not done properly ...

- Do you have the latest release installed? Here it is https://github.com/byteball/byteball/releases/tag/v1.0.0. (Install it and let it sync).
- If yes, do your Bitcoin address appear in transition.byteball.org?
By the way if you did a micropayment then your bitcoins got transferred to a change address, you should've moved them back to your linked address, if you didn't your balance may show 0.
--- If yes, grab your Byteball address and check the balance in explorer.byteball.org.
--- Does your Byteball address have a balance?
- if no (BTC address not in transition page), did you link an address that you control (not an exchange address)?
--- if yes, did you do it before the deadline?

Check all these elements, as far I know if you meet all the criteria there's no reason for you not to receive bytes and blackbytes.


I did all that. My guess is that since Electrum wallet uses multiple address, and changes them around when sending, the sending address wasn't the same as the address with my Bitcoin. I just wish that someone that knows more about how it works would confirm that.

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DeepOnion
.Anonymous and Untraceable.
ANN  Whitepaper  Facebook  Twitter  Telegram  Discord 





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December 28, 2016, 03:28:54 AM
 #2767

So anyone else here didn't get their Byteballs???

If you didn't get them then something was probably not done properly ...

- Do you have the latest release installed? Here it is https://github.com/byteball/byteball/releases/tag/v1.0.0. (Install it and let it sync).
- If yes, do your Bitcoin address appear in transition.byteball.org?
By the way if you did a micropayment then your bitcoins got transferred to a change address, you should've moved them back to your linked address, if you didn't your balance may show 0.
--- If yes, grab your Byteball address and check the balance in explorer.byteball.org.
--- Does your Byteball address have a balance?
- if no (BTC address not in transition page), did you link an address that you control (not an exchange address)?
--- if yes, did you do it before the deadline?

Check all these elements, as far I know if you meet all the criteria there's no reason for you not to receive bytes and blackbytes.


I met all criteria, I do have my bytes, but not blackbytes. Looks like there are several people like me....
forzendiablo
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December 28, 2016, 04:03:24 AM
 #2768

this giveaway is buggy, i dont like it

do not trade on this odd new exchange

yolo
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December 28, 2016, 04:03:55 AM
 #2769

Set up 1-of-3 wallet for small expenses and 2-of-3 for savings. Let's see how this will work.

Confirmations are not fast, about 10 min.

.
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December 28, 2016, 04:30:29 AM
 #2770

Agreed, a decent VPN won't cut it. Burner phone... Meh. TOR ready baked in to TAILS = ADOPTION. Tony, can you comment?
imjustsayintho
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December 28, 2016, 04:32:55 AM
 #2771

Can you still receive bytes using an old address?  I won bytes in a free giveaway but they were sent to an old address.

Only if you did a backup, that you can restore your wallet.

What free giveaway you meant? There's only one distribution happened 1-2 days ago. There's no other free giveaways.

A dev from another coin gave away bytes to his investors.  Man so i'm shit outta luck on getting that ?  I wasn't aware that the address changes after use? 

I gave away 3GB to some of my investors that bothered to PM me to say they wanted some. I will give away more Bytes later for my investors:
https://bitcointalk.org/index.php?topic=1704473.msg17312878#msg17312878

Lots of love!!



Hook it up later if you can.  I used the faucet to get free bytes before I sent you a request. 


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Jeff Jefferson
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December 28, 2016, 06:08:01 AM
 #2772

i was trying to deposit my byteballs from my android phone to cryptox.pl
i sent little amount and it worked like a charm. then i tried to deposit more using the same deposit address. now it tells me "can't send payment. there are no funded addresses".

what should i do?

thank you
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December 28, 2016, 06:22:02 AM
 #2773

That is quite an observation, if that is the case then what is stopping users attacking the network with double spend inputs that have been edited for the same time input, wouldn't both then be accepted at the same time since the timestamps are identical so it wouldn't know which one comes first.

Don't think you can edit the timestamp. My question is more on the fee rewarded to connecting first time to new parent. If an invalid tx can do it, then it makes sense to create a lot such invalid tx, just to collect the fees.
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December 28, 2016, 06:40:40 AM
 #2774

i was trying to deposit my byteballs from my android phone to cryptox.pl
i sent little amount and it worked like a charm. then i tried to deposit more using the same deposit address. now it tells me "can't send payment. there are no funded addresses".

what should i do?

thank you
Probably you need to wait until transaction is final (confirmed), usually at the beginning, wallet contains only one input, it was used to make this first transfer, and the change which comes back to your wallet another address, need to be final (confirmed) before use.

Since 2 years https://cryptox.pl low fees, no KYC.
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December 28, 2016, 06:42:12 AM
 #2775

i was trying to deposit my byteballs from my android phone to cryptox.pl
i sent little amount and it worked like a charm. then i tried to deposit more using the same deposit address. now it tells me "can't send payment. there are no funded addresses".

what should i do?

thank you

I saw this when I transfer between the addresses. Usually you have to wait a bit before your address the block is finalized, then you can send as usual. Usually wait for 10-15 mins before trying should be OK.
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December 28, 2016, 08:06:47 AM
 #2776

cryptox.pl work fine for me.

Any news for Blackbytes exchange ?
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December 28, 2016, 08:10:35 AM
 #2777

cryptox.pl work fine for me.

Any news for Blackbytes exchange ?

Badly need it Sad

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December 28, 2016, 08:12:59 AM
 #2778

Price is going up like dream.When is stop and down?
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December 28, 2016, 09:17:20 AM
 #2779

Price is going up like dream.When is stop and down?

Not everyone understood how and where to sell their coins, then price will fall.

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December 28, 2016, 09:19:19 AM
 #2780

My guess is that since Electrum wallet uses multiple address, and changes them around when sending, the sending address wasn't the same as the address with my Bitcoin.

By the way if you did a micropayment then your bitcoins got transferred to a change address, you should've moved them back to your linked address, if you didn't your balance may show 0.

This seems to be what happened then, your remaining funds were transferred to another address after the micropayment. On Electrum, you can check the details of a transaction, if you check the details of your micropayment transaction, I guess you'll find 2 outputs, one to the address the bot gave you and one to the "change" address. If you neither linked this last one nor moved your funds back to your linked address (as the bot advised), then it explains it all.

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