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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1233915 times)
davidoski
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May 21, 2017, 03:04:49 AM
 #8401

all of those have a block chain. byteball is superior to blockchain based cryptos because byteball has no block chain! block chain tech is in a bubble and byteball is going to burst the shit out of that bubble
What advantage has DAG over blockchain?
No scaling issue is the main advantage Smiley

Unfortunately Byteball has the same scaling issue as any dynamically adjusted blockchain - storage and bandwith constraints.

Moreover - at the current state when you start a full byteball client from scratch you are actually seing limitations of processing transactions by the byteball network - the rate at which your full node is updating the DAG database is the rate at which the network can handle transactions - and it is currently only about 20 tps.

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May 21, 2017, 03:48:41 AM
 #8402


I have a question
In the June distribution, does bittrex distribute byteball? Or should I put byteball in my wallet?
Thank you very much for your reply.
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May 21, 2017, 06:36:30 AM
 #8403

I wonder how the recent BTC TX backlog will affect future byte distributions.
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May 21, 2017, 06:44:11 AM
 #8404

I wonder how the recent BTC TX backlog will affect future byte distributions.
Hope BYTRBALL will strengthen the community's confidence, can stand out.
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May 21, 2017, 06:44:33 AM
 #8405

all of those have a block chain. byteball is superior to blockchain based cryptos because byteball has no block chain! block chain tech is in a bubble and byteball is going to burst the shit out of that bubble
What advantage has DAG over blockchain?
No scaling issue is the main advantage Smiley

And what can be disadvantages? I"m sure that the things are not simple, there are dozens of advantages and dozens of disadvantages,of coure that bayteball is a great tech with the future but lets not blindly defend it.
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May 21, 2017, 07:24:17 AM
 #8406

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May 21, 2017, 07:27:35 AM
 #8407

I wonder how the recent BTC TX backlog will affect future byte distributions.
I think if you even have some balance without network confirmation you will get Bytes and why you are worrying about BTC backlog, we still have plenty of time to deposit bitcoin in our bitcoin addresses connected to BYTEBALL address.

 
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May 21, 2017, 08:32:28 AM
 #8408

all of those have a block chain. byteball is superior to blockchain based cryptos because byteball has no block chain! block chain tech is in a bubble and byteball is going to burst the shit out of that bubble
What advantage has DAG over blockchain?
No scaling issue is the main advantage Smiley

Unfortunately Byteball has the same scaling issue as any dynamically adjusted blockchain - storage and bandwith constraints.

Moreover - at the current state when you start a full byteball client from scratch you are actually seing limitations of processing transactions by the byteball network - the rate at which your full node is updating the DAG database is the rate at which the network can handle transactions - and it is currently only about 20 tps.
True. I read somewhere Tonych said there is room for optimization there.
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May 21, 2017, 08:40:06 AM
 #8409

Tech for untraceable transaction is still in demand and people will seek to get involve in future. This is the time when crypto is letting more people know about blockchain. Now things are going to be more favorable for blockchain related projects and future looks very good and solid. Byteball's tech will prevail and will make its own mark in the long run.
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May 21, 2017, 08:55:05 AM
 #8410

i have two questions, when the next distribution will be? and can i link the same bitcoin address to another byteball address for the next distribution or i need more bitcoin linked with new address
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May 21, 2017, 09:15:15 AM
 #8411

It seems that this project just picking up the pace in true senses now after this distribution. I see many new people are active in the thread and are sharing their experience of getting some piece of pie from recent distribution. Untraceable transaction and highly secure network is going to be main reason of the success for the byteabll. Community is growing rapidly now which is also very important as it will become community driven project soon.
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May 21, 2017, 09:25:56 AM
 #8412

i have two questions, when the next distribution will be? and can i link the same bitcoin address to another byteball address for the next distribution or i need more bitcoin linked with new address

Déjà-vu  Roll Eyes (..or bot)

i have two questions, when the next distribution will be? and can i link the same bitcoin address to another byteball address for the next distribution or i need more bitcoin linked with new address?
next distribution see OP (opening post):
https://bitcointalk.org/index.php?topic=1608859.0

If I remember correctly the first connection will then ignored by the bot.
So you can connect a BTC address to another BB address, but the old connection will then ignored.
(I do not think the address is blacklisted - But there is no chance for cheating)

You can also consolidate more BTC on the already linked address or link new addresses.
Chat with the Bot to check your linked addresses and funds
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May 21, 2017, 09:30:00 AM
 #8413

i have two questions, when the next distribution will be? and can i link the same bitcoin address to another byteball address for the next distribution or i need more bitcoin linked with new address

Déjà-vu  Roll Eyes (..or bot)
I had the same feeling, Not only for this post btw.
He has been banned already. Just like I have a feeling the post above yours will get the same. I've reported them in Meta.

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May 21, 2017, 12:25:17 PM
 #8414

byteball should worth 100M$   in 2-3 months.
I think even more. There should be also more byteballs in circulation in 3 month

we will see... installing the simplewallet My antivirus reports a virus Shocked

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May 21, 2017, 12:50:25 PM
 #8415

byteball should worth 100M$   in 2-3 months.
I think even more. There should be also more byteballs in circulation in 3 month

we will see... installing the simplewallet My antivirus reports a virus Shocked
If you downloaded from byteball.org you can ignore.
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May 21, 2017, 01:27:55 PM
 #8416

Maybe a dumb question- Do I need to relink my BTC address before each distribution or is it a one time thing?
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May 21, 2017, 01:29:04 PM
 #8417

Maybe a dumb question- Do I need to relink my BTC address before each distribution or is it a one time thing?

Nope, what'd be dumb is if you forgot to put your btc in that linked address for the next drop  Cheesy

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May 21, 2017, 01:32:58 PM
 #8418

Maybe a dumb question- Do I need to relink my BTC address before each distribution or is it a one time thing?

Nope, what'd be dumb is if you forgot to put your btc in that linked address for the next drop  Cheesy

Thanks for the quick response. Interesting, so you didn't link your "main" BTC address(es) and move coins to a specific BTC address before each distribution? What are the pros of doing that if I may ask?
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May 21, 2017, 01:34:48 PM
 #8419

Maybe a dumb question- Do I need to relink my BTC address before each distribution or is it a one time thing?

Nope, what'd be dumb is if you forgot to put your btc in that linked address for the next drop  Cheesy

Thanks for the quick response. Interesting, so you didn't link your "main" BTC address(es) and move coins to a specific BTC address before each distribution? What are the pros of doing that if I may ask?

Doesn't matter what address you keep them in, only important thing is that the chat bot sees your LINKED btc address and the coins in it before tony does the snapshot of the blockchain.

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May 21, 2017, 01:37:13 PM
 #8420

Ofc there's the option to just buy Byteballs and keep them in your wallet, and you don't have to do anything, you automatically get bytes from the distribution Wink

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