Obyte: Totally new consensus algorithm + private untraceable payments

[amacar1]

Can you please open a separate thread for SilentNotary?

[1714116678]

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[xlcus]

It is clear that Tony can manipulate the market price of byteball with his own announcements.

He can buy in the market, then announce a good new, pumping the price and then sell his byteballs just before announcing bad news, to buy again lower.

This is not serious and makes me not to believe any more in this project and so I have sold my byteballs. Not interested in beeing a holder any more.

Your questioning on Tony is no sense. He, as the owner of the Byteball, can reserve more for development. No need for manipulation of the price with your "method".

I am also not happy about the change of the distribution method, as I bought some Byteball months ago for obtaining the new rewards.
However, I still believe in What Tony are making effort is good at the future of Byteball.

Hold my Gbyte, anyway.

[ByteFan]

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[BurtW]

Can you please open a separate thread for SilentNotary?

Yes! let's use this thread ONLY for "What happened to my free money" posts.  All other posts should be moved to another thread.

[StandingTall]

Andreas speaks about DAG. I think he is right that with DAG you sacrifice decentralization and coersion resistance by removing proof of work. Byteball is a good example of this. We have 12 witnesses in the hands of 1 person. And even if these 12 witnesses are 12 different people it's easy by governments to coerce them for censorship or just shut down the whole system.

https://www.youtube.com/watch?v=lfgMnbb5JeM

Could you tell some more about this? Is this from the white paper or some other source?

Yes, the white paper clearly defines 12 witnesses. These are the authority in Byteball preventing double spend that every user needs to rely on.

[Freefactomizer]

Andreas speaks about DAG. I think he is right that with DAG you sacrifice decentralization and coersion resistance by removing proof of work. Byteball is a good example of this. We have 12 witnesses in the hands of 1 person. And even if these 12 witnesses are 12 different people it's easy by governments to coerce them for censorship or just shut down the whole system.

https://www.youtube.com/watch?v=lfgMnbb5JeM

Could you tell some more about this? Is this from the white paper or some other source?

Yes, the white paper clearly defines 12 witnesses. These are the authority in Byteball preventing double spend that every user needs to rely on.

They don't really have authority, they don't decide anything. Their units are just used as reference to determine which was the first transaction in case of double-spend attempt.

[afbitcoins]

It is clear that Tony can manipulate the market price of byteball with his own announcements.

He can buy in the market, then announce a good new, pumping the price and then sell his byteballs just before announcing bad news, to buy again lower.

This is not serious and makes me not to believe any more in this project and so I have sold my byteballs. Not interested in beeing a holder any more.

Your questioning on Tony is no sense. He, as the owner of the Byteball, can reserve more for development. No need for manipulation of the price with your "method".

I am also not happy about the change of the distribution method, as I bought some Byteball months ago for obtaining the new rewards.
However, I still believe in What Tony are making effort is good at the future of Byteball.

Hold my Gbyte, anyway.

He can do this as he has total control of 40% of the supply. That is fact and reality, no escaping it. I'd 'like' to think he's a good guy and won't sucumb to temptations (the very fact he has stopped lunar airdrops is worrying in that regard). However I'd prefer to just get the distribution done and get on with using a decentralised byteball and not worry about what Tony might or might not do.  That goes for decentralising the witnesses too.

[lhfly2019]

In my mind,the BYTEBALL is the best alter-coin derived from the bitcoin,but more than bitcoin.
In the past two years,I saw the BYTEBALL team make a huge jump.
In China,more and more fans are emerging.
I will invest more in the BYTEBALL...

[byteball3r]

I have published a paper about what I consider being design flaws when you look at how Byteball does (not) decentralize.

Open for comments.

https://medium.com/@prat486/byteball-move-proposal-831187509ed0

Great proposal that will likely be ignored. So sad to see the dev pushing so many away from the project including the only competing witness. There are just a few simple things Tony needs to do that have been mentioned here countless times.

[sailthor]

It is clear that Tony can manipulate the market price of byteball with his own announcements.

He can buy in the market, then announce a good new, pumping the price and then sell his byteballs just before announcing bad news, to buy again lower.

This is not serious and makes me not to believe any more in this project and so I have sold my byteballs. Not interested in beeing a holder any more.

Your questioning on Tony is no sense. He, as the owner of the Byteball, can reserve more for development. No need for manipulation of the price with your "method".

I am also not happy about the change of the distribution method, as I bought some Byteball months ago for obtaining the new rewards.
However, I still believe in What Tony are making effort is good at the future of Byteball.

Hold my Gbyte, anyway.

He can do this as he has total control of 40% of the supply. That is fact and reality, no escaping it. I'd 'like' to think he's a good guy and won't sucumb to temptations (the very fact he has stopped lunar airdrops is worrying in that regard). However I'd prefer to just get the distribution done and get on with using a decentralised byteball and not worry about what Tony might or might not do.  That goes for decentralising the witnesses too.

Yep. I don't know why I FOMO'd in so quickly to this coin. I surely would take it back and wait till it became decentralised before I invested.

[alex_mercer]

-snip-
Yep. I don't know why I FOMO'd in so quickly to this coin. I surely would take it back and wait till it became decentralised before I invested.

I thought Byteball was built on top of Byzantine model. Can it be decentralized?

In my mind,the BYTEBALL is the best alter-coin derived from the bitcoin,but more than bitcoin.
-snip-

It's actually very different, but not being a copycat of it gives Byteball a huge advantage, since it's not in direct competition with Bitcoin.

[jjacob]

-snip-
Yep. I don't know why I FOMO'd in so quickly to this coin. I surely would take it back and wait till it became decentralised before I invested.

I thought Byteball was built on top of Byzantine model. Can it be decentralized?

Sailthor is talking about the distribution of Byteball. Right now a significant portion of the total supply is in Tony's hands and has not been distributed. Once it has been distributed (through airdrops in the past and new distribution methods as outlined by Tony), we may find out how the eventual distribution across users looks like.

[xlcus]

It is clear that Tony can manipulate the market price of byteball with his own announcements.

He can buy in the market, then announce a good new, pumping the price and then sell his byteballs just before announcing bad news, to buy again lower.

This is not serious and makes me not to believe any more in this project and so I have sold my byteballs. Not interested in beeing a holder any more.

Your questioning on Tony is no sense. He, as the owner of the Byteball, can reserve more for development. No need for manipulation of the price with your "method".

I am also not happy about the change of the distribution method, as I bought some Byteball months ago for obtaining the new rewards.
However, I still believe in What Tony are making effort is good at the future of Byteball.

Hold my Gbyte, anyway.

He can do this as he has total control of 40% of the supply. That is fact and reality, no escaping it. I'd 'like' to think he's a good guy and won't sucumb to temptations (the very fact he has stopped lunar airdrops is worrying in that regard). However I'd prefer to just get the distribution done and get on with using a decentralised byteball and not worry about what Tony might or might not do.  That goes for decentralising the witnesses too.

Yep. I don't know why I FOMO'd in so quickly to this coin. I surely would take it back and wait till it became decentralised before I invested.

Earlier is better than later. That is what I get lesson. When Raiblocks were nothing, I bought a lot, but sold all of them and waited for the close end of the distribution.
Then I missed the rocket.

[scambust]

Earlier is better than later. That is what I get lesson. When Raiblocks were nothing, I bought a lot, but sold all of them and waited for the close end of the distribution.
Then I missed the rocket.

Yeah, the Byteball community is as big or even bigger than the Nano/Raiblocks community. It is just this fear of the 40% coin supply that weak hands are concerned with and the same time discount buyers are waiting on.

A clear path to address this issue will resume a beter price trend.

[Marc De Mesel]

Just posted this tweet, but not sure it is 100% correct? (Please retweet also guys)
https://twitter.com/marcdemesel/status/968843437289086976


Is transaction data in blackbytes stored in encrypted form or can all future receivers of blackbytes read it's full transaction history and see which devices ever owned the coins before?

[Sythyn]

SilentNotary prototypes
Web-interface is ready for tests!
Register and try for free!
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[Hhugh]

Just posted this tweet, but not sure it is 100% correct? (Please retweet also guys)
https://twitter.com/marcdemesel/status/968843437289086976


Is transaction data in blackbytes stored in encrypted form or can all future receivers of blackbytes read it's full transaction history and see which devices ever owned the coins before?

all future receivers of blackbytes can read it's full transaction history

Correct, I'll add that there is no way to use that data to do network analysis. There is a good thread on this that tony started, but I don't recall and can't easily find the link to share.

[zx9r_]

Andreas speaks about DAG. I think he is right that with DAG you sacrifice decentralization and coersion resistance by removing proof of work. Byteball is a good example of this. We have 12 witnesses in the hands of 1 person. And even if these 12 witnesses are 12 different people it's easy by governments to coerce them for censorship or just shut down the whole system.

https://www.youtube.com/watch?v=lfgMnbb5JeM

Could you tell some more about this? Is this from the white paper or some other source?

Yes, the white paper clearly defines 12 witnesses. These are the authority in Byteball preventing double spend that every user needs to rely on.

12 witnesses = centralization = not good

[BTCWagering]

12 witnesses = centralization = not good

Your reputation here is also nonexistent so I doubt anyone cares what you think.

The future decentralization of Byteball remains to be seen. It's not pretending to be anywhere near decentralized yet.

When the witnesses are run by real-world, known identities, we can speculate as to how corruptible they are, or how likely they are to collude.

Same as Ripple.

[JesusCryptos]

It is clear that Tony can manipulate the market price of byteball with his own announcements.

He can buy in the market, then announce a good new, pumping the price and then sell his byteballs just before announcing bad news, to buy again lower.

This is not serious and makes me not to believe any more in this project and so I have sold my byteballs. Not interested in beeing a holder any more.

Your questioning on Tony is no sense. He, as the owner of the Byteball, can reserve more for development. No need for manipulation of the price with your "method".

I am also not happy about the change of the distribution method, as I bought some Byteball months ago for obtaining the new rewards.
However, I still believe in What Tony are making effort is good at the future of Byteball.

Hold my Gbyte, anyway.

I agree of the total nonsense of questioning Tony. If there is one dev in the crypto space who is NOT interested at all in what the "markets" do that's exactly Tony. He doesn't care at all of price and other ephemeral trivial details, so to accuse him of "manipulating the market" is probably the most ridiculous statement of this whole thread. LoL.