Obyte: Totally new consensus algorithm + private untraceable payments

[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"?

soon.  

can anybody tell about TPS rate and predictable database growth?

There is no TPS set in stone as with bitcoin, where the blocksize basically determines how many transactions you can fit in a block, with Byteball, theoretically it should handle hundreds of thousands tx/s, but today its not optimized at all for this speed.

I guess the upper practical limit is the 12 witnesses, how many transactions they can see (bot dont need to see it at the same time) and post to each other and append to the database, to the main chain.

There is nothing stopping you from making really a massive amounts of transactions on your own chain - and have it merged to the Main Chain when posting it for the witnesses to see. As long as you didnt double-spend, the verification of which witnesses do takes little time compared to what you spend in making the transactions, if all is fine, your chain of massive amount of txs will be in the main chain.

And none of this needs "proof-of-work".

Isnt this nice? Yes, it is.

 

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[Come-from-Beyond]

There is nothing stopping you from making really a massive amounts of transactions on your own chain - and have it merged to the Main Chain when posting it for the witnesses to see.

You didn't mention signatures validation...

[SatoNatomato]

There is nothing stopping you from making really a massive amounts of transactions on your own chain - and have it merged to the Main Chain when posting it for the witnesses to see.

You didn't mention signatures validation...

Did you forget to mention that Proof-of-Work in IOTA is a waste of energy, and time, since it does not in fact enforce any consensus or even security of the protocol? Due to nature of IoT devices being orders of magnitude less powerful than even normal PCs, and you expect them to run your dumb proof-of-work, waste energy and space. Because.... ? Yeah IOTA still relies on developers deciding consensus with milestones, and still is not on exchanges despite being a year or so in development, and still lacks even basics of smart contracts. Not to mention, requires human intervention to even setup nodes.  

Do I need to go on?

You're in this thread only because you are glowing red of envious, someone else made something better than you, and you are scared that Byteball will steal your lunch money, so you try to troll it away.

And your trolling is bad, I did mention signature validation, that is verification.

[Tarz]

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?

Soon I will provide a complete noobs guide on how the tps is calculated and what the expected roi is for an average middle -end gpu farm, but bear in mind that byteball is not mineable and does not assume any value in its current state as its not listed on any exchanges, making it impossible for u to profit off ur share in byteball or lisk.

[SatoNatomato]

Soon I will provide a complete noobs guide on how the tps is calculated and what the expected roi is for an average middle -end gpu farm, but bear in mind that byteball is not mineable and does not assume any value in its current state as its not listed on any exchanges, making it impossible for u to profit off ur share in byteball or lisk.

You're talking of another coin, possibly a shitcoin called Iota which requires Proof-of-Work, there is no point in "gpu farm" with Byteball. Which is also listed on the exchange https://cryptox.pl

Are you a sockpuppet of Come-from-Beyond? Id suggest to delete the post and move it elsewhere in the censored Iota thread.

[Papski]

balls will make me rich hehehe

[Come-from-Beyond]

And your trolling is bad, I did mention signature validation, that is verification.

Then it seems to me that your "really a massive amounts of transactions" is not that massive as I assumed. I see you have very little understanding about cryptocoins internals and bottlenecks they have.

[SatoNatomato]

There is nothing stopping you from making really a massive amounts of transactions on your own chain - and have it merged to the Main Chain when posting it for the witnesses to see.

You didn't mention signatures validation...

Did you forget to mention that Proof-of-Work in IOTA is a waste of energy, and time, since it does not in fact enforce any consensus or even security of the protocol? Due to nature of IoT devices being orders of magnitude less powerful than even normal PCs, and you expect them to run your dumb proof-of-work, waste energy and space. Because.... ? Yeah IOTA still relies on developers deciding consensus with milestones, and still is not on exchanges despite being a year or so in development, and still lacks even basics of smart contracts. Not to mention, requires human intervention to even setup nodes.  

Do I need to go on?

You're in this thread only because you are glowing red of envious, someone else made something better than you, and you are scared that Byteball will steal your lunch money, so you try to troll it away.

And your trolling is bad, I did mention signature validation, that is verification.

It is my understanding that PoW is not performed by each device, rather the device signs a transaction and the PoW is done by a full node.

I do not have enough technical knowledge or enough knowledge of IOTA to say whether that is a viable concept. I am not trying to defend it. I just want to point out that that specific criticism is not really valid.

That is the excuse indeed by Iota for this valid criticism - to not run Iota on the IoT device and trust a full node instead. LOL. Byteball can do that too, in fact any cryptocoin can do that. Bitcoin can do it. 

[SatoNatomato]

And your trolling is bad, I did mention signature validation, that is verification.

Then it seems to me that your "really a massive amounts of transactions" is not that massive as I assumed. I see you have very little understanding about cryptocoins internals and bottlenecks they have.

My balls are more massive than yours. See I can say random things too.

That is like a great argument you have there "you have little understanding of like internals man", UH HUH OKAY?

Dont you even get tired resorting to personal attacks and falling back on your legendary argument-from-authority when you loose technical arguments?  

What else can you do when you realize your shitcoin isnt worth the name it has.

[Come-from-Beyond]

See I can say random things too.

It's a pretty common knowledge that signature verification is a bottleneck. Go to https://en.bitcoin.it/wiki/Softfork_wishlist and scroll down to "Ed25519" mention. Better read the whole Wiki, you don't know basic things.

[SatoNatomato]

There is nothing stopping you from making really a massive amounts of transactions on your own chain - and have it merged to the Main Chain when posting it for the witnesses to see.

You didn't mention signatures validation...

Did you forget to mention that Proof-of-Work in IOTA is a waste of energy, and time, since it does not in fact enforce any consensus or even security of the protocol? Due to nature of IoT devices being orders of magnitude less powerful than even normal PCs, and you expect them to run your dumb proof-of-work, waste energy and space. Because.... ? Yeah IOTA still relies on developers deciding consensus with milestones, and still is not on exchanges despite being a year or so in development, and still lacks even basics of smart contracts. Not to mention, requires human intervention to even setup nodes.  

Do I need to go on?

You're in this thread only because you are glowing red of envious, someone else made something better than you, and you are scared that Byteball will steal your lunch money, so you try to troll it away.

And your trolling is bad, I did mention signature validation, that is verification.

It is my understanding that PoW is not performed by each device, rather the device signs a transaction and the PoW is done by a full node.

I do not have enough technical knowledge or enough knowledge of IOTA to say whether that is a viable concept. I am not trying to defend it. I just want to point out that that specific criticism is not really valid.

That is the excuse indeed by Iota for this valid criticism - to not run Iota on the IoT device and trust a full node instead. LOL. Byteball can do that too, in fact any cryptocoin can do that. Bitcoin can do it. 

What exactly makes the criticism valid? That other coins can do it too? I am not being glib; I am genuinely asking. I am trying to understand your point of view.

You can read the IOTA Unmoderated thread.

Why do you ask about Iota in a Byteball thread? Ask yourself if it is worth to invest in a coin when you now know this type of criticism is not allowed on their official channels.  Yes, other coins do it, but better of course and they do it now, there are many more problems with Iota design, but sure if you like Iota because you like it go ahead, but its using an inferior product just because you can.

Sometimes they ban people for mentioning Byteball. Most of the times Ive seen in their slack channel they spread complete lies about Byteball - CfB actually said its a bitcoin sidechain.

I wouldnt trust liars.

Now they are like in this thread trying to stop me from informing people what Byteball actually does as best to my own understanding, and offering to criticize Iota while Im at it, and they do so by derailing, personal attacks and fake concern for others. Iota - a failed coin, but they have to milk the venture-capital and hype of IoT some more.

[Come-from-Beyond]

CfB actually said its a bitcoin sidechain.

I wouldnt trust liars.

This should quoted. I've never said that it's a Bitcoin sidechain. So you are a liar and you suggest not to trust liars, this is pretty funny.

[SatoNatomato]

CfB actually said its a bitcoin sidechain.

I wouldnt trust liars.

This should quoted. I've never said that it's a Bitcoin sidechain. So you are a liar and you suggest not to trust liars, this is pretty funny.

You should apologize for all the personal attacks. Then we can talk again.

[greentea]

all this friendly banter reminds me of bitcoin/litecoin back in the day.

IOTA/BB are both promising coins & I'm holding both.
but Sato seems to go out of his way to attack IOTA, makes me wonder ...

[durerus]

all this friendly banter reminds me of bitcoin/litecoin back in the day.

It's either or or neither nor, isnt it?

https://www.youtube.com/watch?v=hFDcoX7s6rE

[SatoNatomato]

all this friendly banter reminds me of bitcoin/litecoin back in the day.

IOTA/BB are both promising coins & I'm holding both.
but Sato seems to go out of his way to attack IOTA, makes me wonder ...

Why is an IOTA developer stalking me, a supposed troll, around in the Byteball thread? Makes me wonder.

You see what he has done, a normal user asked about transactions per second, I answer, and instead of continuing to discuss that, he comes with lies, vagueness, insinuates Byteball cant actually do "really massive" tps, and personal attacks.

If you read the conversation any differently than that, please enlighten us all.

[cryptonikus]

I wonder why is price of Byteball so stable, is it because of exchange? Seems like there is no much manipulation going on in cryptox when it comes to prices.

[CryptKeeper]

Byteball now traded on bitsquare.io 

https://bitsquare.io/

[jayohby]

are there any markets for blackbytes? going to be planned/launched anytime?

[kaicrypzen]

are there any markets for blackbytes? going to be planned/launched anytime?

Blackbytes are traded on Slack at #trading_blackbyte, you probably know that as you seem to be present on Slack (at least someone who has the same username ). The devs are supposed to be working on an in-wallet exchange for blackbytes, but we don't know when it's supposed to be launched.