Obyte: Totally new consensus algorithm + private untraceable payments

[kola-schaar]

the only winners of this coin is the first round participants

Spontaneously I had two thoughts:
1.   Comparing is the end of happiness and the beginning of dissatisfaction. A suggestion from a old man – don't do that.
2.   One guy said once (tony should know him): „Life punishes those who come too late“ But I can not (not yet) see you are too late..

[1713964536]

1713964536

[1713964536]

1713964536

[vlom]

what do you mean with illegal data? and is this not the same with like strong data in the BTC chain?

[provenceday]

top30-top20-top10 project in few months.

+ good exchanges.

[Big Naturals]

That's a valid concern and freezal got it right: the network had to start centralized and no one's showed up yet with the needed reputation and credibility.  I'm going to use every opportunity to relinquish control over 11 out of 12 witnesses in favor of reputable individuals/organizations/companies that are willing to be part of the network.  That would make the network only stronger thanks to both their involvement and the network becoming more decentralized.

You could have an election for 12 witnesses like Komodo did for their 64 notary nodes.

Why bringing politics in when there's no need for it? Human intervention shouldn't be as strong as this. I mean Bitcoin works because there's very little human intervention. There's a lot of politics outside the protocol (big blocks, small blocks, BU not BU) but that doesn't harm the continuation of the network.
I'm confused on this one  

If there is a better decentralised way to select 12 witnesses than a vote by coin holders then we should do that, but is there?

[LieXurui]

when is plan byteball coin added to exchanger

[escapefrom3dom]

when is plan byteball coin added to exchanger

it's already added on https://cryptox.pl/

[baomoremoney]

when is plan byteball coin added to exchanger

it's already added on https://cryptox.pl/

Actually he wanted to ask more exchanges rather than cryptox.pl. There is not more exchanges, byteball needs more exchanges to get more attention.

[cryptonit]

That's a valid concern and freezal got it right: the network had to start centralized and no one's showed up yet with the needed reputation and credibility.  I'm going to use every opportunity to relinquish control over 11 out of 12 witnesses in favor of reputable individuals/organizations/companies that are willing to be part of the network.  That would make the network only stronger thanks to both their involvement and the network becoming more decentralized.

You could have an election for 12 witnesses like Komodo did for their 64 notary nodes.

Why bringing politics in when there's no need for it? Human intervention shouldn't be as strong as this. I mean Bitcoin works because there's very little human intervention. There's a lot of politics outside the protocol (big blocks, small blocks, BU not BU) but that doesn't harm the continuation of the network.
I'm confused on this one  

If there is a better decentralised way to select 12 witnesses than a vote by coin holders then we should do that, but is there?

look at eigentrust+ a peer2peer technology which is used to support a trust relationship in decentralized networks
NEM implemented it to create tzogether with their POI (prove of importance) a blockchain consense mechanism that can create a high secured network without any energy waste (POW) and without any human interaction needed (witnesses lists manual set by wallet owners)

https://en.wikipedia.org/wiki/NEM_(cryptocurrency)#Node_Reputation_System

[lockepi]

That's a valid concern and freezal got it right: the network had to start centralized and no one's showed up yet with the needed reputation and credibility.  I'm going to use every opportunity to relinquish control over 11 out of 12 witnesses in favor of reputable individuals/organizations/companies that are willing to be part of the network.  That would make the network only stronger thanks to both their involvement and the network becoming more decentralized.

You could have an election for 12 witnesses like Komodo did for their 64 notary nodes.

Why bringing politics in when there's no need for it? Human intervention shouldn't be as strong as this. I mean Bitcoin works because there's very little human intervention. There's a lot of politics outside the protocol (big blocks, small blocks, BU not BU) but that doesn't harm the continuation of the network.
I'm confused on this one  

If there is a better decentralised way to select 12 witnesses than a vote by coin holders then we should do that, but is there?

should be based on a trust system which decentralised which determines it. it should automatically keep changing

[portabella]

That's a valid concern and freezal got it right: the network had to start centralized and no one's showed up yet with the needed reputation and credibility.  I'm going to use every opportunity to relinquish control over 11 out of 12 witnesses in favor of reputable individuals/organizations/companies that are willing to be part of the network.  That would make the network only stronger thanks to both their involvement and the network becoming more decentralized.

You could have an election for 12 witnesses like Komodo did for their 64 notary nodes.

Why bringing politics in when there's no need for it? Human intervention shouldn't be as strong as this. I mean Bitcoin works because there's very little human intervention. There's a lot of politics outside the protocol (big blocks, small blocks, BU not BU) but that doesn't harm the continuation of the network.
I'm confused on this one  

If there is a better decentralised way to select 12 witnesses than a vote by coin holders then we should do that, but is there?

look at eigentrust+ a peer2peer technology which is used to support a trust relationship in decentralized networks
NEM implemented it to create tzogether with their POI (prove of importance) a blockchain consense mechanism that can create a high secured network without any energy waste (POW) and without any human interaction needed (witnesses lists manual set by wallet owners)

https://en.wikipedia.org/wiki/NEM_(cryptocurrency)#Node_Reputation_System

"Although the NEM client is open source and available on github,[7] the NEM server based component, the NIS, is closed source and the binary is obfuscated to presumably prevent decompilers from revealing how it works."

That raises many red flags and sirens.

Another interesting algorithm for P2P networks is FairShare, it improved bittorrent seeding/leeching ratio massively, speeds up initial transfers and is very difficult to attack - since that algorithm doesnt need to ask other peers anything, is only in the client and affects the way client initiates and picks whom to talk to.

EigenTrust looks very nice and interesting, thanks!

[escapefrom3dom]

I've noticed on the website it states:

In the 3rd round, which is scheduled for the full moon of March (March 12, 2017 at 14:54 UTC), we'll distribute 62.5 MB for each 1 BTC of linked balance and 0.1 new byte for each 1 byte received in the first round.

Are they really only handing out 0.1 per byte for those who took part in the first round, or should this say that people will receive 0.1 per byte for those who participated in earlier rounds?

I don't really understand why they would credit people on the first round with even more, but ignore those on the second round.

everyone will receive +10 % to the byteballs balance (at the snapshot time) no matter of participation in any previous rounds and even to unlinked (to btc) bb address.

[ArpFlush]

New to Byteball so can anyone tell me what happens when I link a BTC address with e.g. 5 BTC and then send this 5 BTC to another address? Maybe it's in the whitepaper but this text is too difficult for me to understand.

[nillohit]

Please, vote : byteball to be listed on Exchangers:
https://c-cex.com/?id=vote
https://mercatox.com/coins/list

Please, everyone contact to add byteball on Exchangers:

https://poloniex.com/
https://bittrex.com/
https://yobit.net
https://bter.com/
https://www.allcoin.com/
https://bleutrade.com
https://usecryptos.com/
https://hitbtc.com/
https://tuxexchange.com/
https://www.livecoin.net/
https://alcurex.com
https://www.cryptopia.co.nz/
https://www.coinexchange.io/
https://novaexchange.com/
https://www.southxchange.com/
https://www.coingather.com/
https://tradesatoshi.com/
https://liqui.io/
https://tidex.com

 

[CryptKeeper]

New to Byteball so can anyone tell me what happens when I link a BTC address with e.g. 5 BTC and then send this 5 BTC to another address? Maybe it's in the whitepaper but this text is too difficult for me to understand.

If you're bitcoin address is empty at the time of the distribution snapshot, you'll get no byteball coins.
You are free to move your bitcoins around between the snapshots. You can also link another bitcoin address, they will be all summed up!

Next snapshot is on March 12, 2017 at 14:54 UTC, don't miss it!

[ArpFlush]

New to Byteball so can anyone tell me what happens when I link a BTC address with e.g. 5 BTC and then send this 5 BTC to another address? Maybe it's in the whitepaper but this text is too difficult for me to understand.

If you're bitcoin address is empty at the time of the distribution snapshot, you'll get no byteball coins.
You are free to move your bitcoins around between the snapshots. You can also link another bitcoin address, they will be all summed up!

Next snapshot is on March 12, 2017 at 14:54 UTC, don't miss it!

Ah ok, I get it now. Thanks man!

[str4wm4n]

Is anyone developing cool projects using Byteball?

I am, but they're not to the point yet where I want to announce.

I'm really excited though! 

[CryptKeeper]

Is anyone developing cool projects using Byteball?

I am, but they're not to the point yet where I want to announce.

I'm really excited though!  

Yes, we already have some new developers starting with exciting projects, but we need more!

The best place to discuss development topics is the #tech channel at the byteball slack, get your invite here:

http://slack.byteball.org

[SatoNatomato]

Best DAG-coin ever.

Confirmation and finality times on average are less than 2 minutes for me.

When is the first lottery game coming? Is anyone working on that, "send your bytes to this address and out of all the addresses-which sent bytes, one of them will be given the full amount - casino-maker fee"?

[CryptKeeper]

Are you excited about Byteball as we are?  

Do you want to help us spreading the good news?

Then please follow these three accounts on twitter:

@ByteballOrg
@Vindyne8
@CryptKeeperBTT

for all the latest news. There will be regular tweets about Byteball from these accounts, please retweet!

[escapefrom3dom]

Best DAG-coin ever.

Confirmation and finality times on average are less than 2 minutes for me.

When is the first lottery game coming? Is anyone working on that, "send your bytes to this address and out of all the addresses-which sent bytes, one of them will be given the full amount - casino-maker fee"?

soon.  

can anybody tell about TPS rate and predictable database growth?