atlas21
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Activity: 29
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March 15, 2018, 10:01:15 PM |
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This is an interesting blogpost from Dan Hughes (the lead developer of Radix) writing about why DAG coins (like Byteball) will not scale. https://www.radixdlt.com/post/dags-dont-scale-without-centralizationByteball is named in only one sentence and it concludes that Byteball (and Iota) are not very censorship resistant. "At present, the only way for a DAG to guarantee against double spending and 34% attacks is with the aid of a centralized authority. Byteball, another DAG, has 12 ‘Witness Nodes’ and IOTA has ‘The Coordinator’. These tools mean that the networks are not censorship resistant and that, should the centralized authority be compromised, the network would be vulnerable to an attack from the centralized state itself."
Tonych could you enlighten us about this vulnerability about being censhorship resistance?
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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Hhugh
Jr. Member
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Activity: 84
Merit: 1
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March 16, 2018, 12:16:51 AM |
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This is an interesting blogpost from Dan Hughes (the lead developer of Radix) writing about why DAG coins (like Byteball) will not scale. https://www.radixdlt.com/post/dags-dont-scale-without-centralizationByteball is named in only one sentence and it concludes that Byteball (and Iota) are not very censorship resistant. "At present, the only way for a DAG to guarantee against double spending and 34% attacks is with the aid of a centralized authority. Byteball, another DAG, has 12 ‘Witness Nodes’ and IOTA has ‘The Coordinator’. These tools mean that the networks are not censorship resistant and that, should the centralized authority be compromised, the network would be vulnerable to an attack from the centralized state itself."
Tonych could you enlighten us about this vulnerability about being censhorship resistance? #16 in the whitepaper https://byteball.org/Byteball.pdfI don't think that conclusion is being made with a full understanding of the platform.
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ByteFan
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March 16, 2018, 05:18:06 AM |
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I didn't receive my bb from beeb bot. Tried the resend id procedure, but it says "No such batch can be resent."
Batch number is 4437.
What should i do?
We are still investigating with Tony why Blackbytes delivery is so delayed. I see you have received your Blackbytes in the meantime. Thank you for using BEEB!
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pineapple express
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March 16, 2018, 09:18:28 AM |
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This is an interesting blogpost from Dan Hughes (the lead developer of Radix) writing about why DAG coins (like Byteball) will not scale. https://www.radixdlt.com/post/dags-dont-scale-without-centralizationByteball is named in only one sentence and it concludes that Byteball (and Iota) are not very censorship resistant. "At present, the only way for a DAG to guarantee against double spending and 34% attacks is with the aid of a centralized authority. Byteball, another DAG, has 12 ‘Witness Nodes’ and IOTA has ‘The Coordinator’. These tools mean that the networks are not censorship resistant and that, should the centralized authority be compromised, the network would be vulnerable to an attack from the centralized state itself."
Tonych could you enlighten us about this vulnerability about being censhorship resistance? #16 in the whitepaper https://byteball.org/Byteball.pdfI don't think that conclusion is being made with a full understanding of the platform. 16. Censorship...... Only the majority of witnesses can effectively impose forbidden content rules – if users choose such witnesses government is able to put pressure on public witnesses. And they will simply refuse to be witnesses. In this case it will be almost impossible to find a suitable replacement for them
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zazarb
Legendary
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Activity: 3374
Merit: 1548
Get loan in just five minutes goo.gl/8WMW6n
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March 16, 2018, 09:23:08 AM |
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It's painful to look like a coin loses its value at such pace 50% per week?) is it already floor? or will we go down until it becomes worthless?
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CryptKeeper
Legendary
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Activity: 2044
Merit: 1055
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March 16, 2018, 10:22:57 AM |
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Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
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naska21
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March 16, 2018, 10:45:14 AM |
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Yup, Paypal became a giant because his ability to send money, but, unfortunately Bytes are not money as no one accepts them in exchange for goods. (A few merchants don't count). Sorry, but all things are upside down in Byteball.
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edgar
Legendary
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Activity: 1848
Merit: 1001
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March 16, 2018, 10:48:25 AM |
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withdraws are finally working on cryptopia
#pending
completed.
AFT7Q54KNYEFTOKLK62FVI7JLCE5H46C
any old dust appreciated!!
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ByteFan
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March 16, 2018, 11:19:23 AM |
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I didn't receive my bb from beeb bot. Tried the resend id procedure, but it says "No such batch can be resent."
Batch number is 4437.
What should i do?
We are still investigating with Tony why Blackbytes delivery is so delayed. I see you have received your Blackbytes in the meantime. Thank you for using BEEB! The problem has been fully identified by Tony. It is OK now. Back to normal.
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Scooby903
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March 16, 2018, 12:00:22 PM |
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Does Airdrop has been completely stopped from byteball team? and how to sell blackbytes
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ByteFan
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March 16, 2018, 12:57:56 PM |
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Does Airdrop has been completely stopped from byteball team? and how to sell blackbytes
You can sell your blackbytes on http://beeb-bot.com
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Rumhurius
Legendary
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Activity: 1672
Merit: 1046
Here we go again
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March 16, 2018, 03:10:59 PM |
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It's painful to look like a coin loses its value at such pace 50% per week?) is it already floor? or will we go down until it becomes worthless? +1 I still blame the shitty setup of the Airdrop fo dis.
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sprinkles
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March 16, 2018, 05:05:51 PM |
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withdraws are finally working on cryptopia
#pending
completed.
AFT7Q54KNYEFTOKLK62FVI7JLCE5H46C
any old dust appreciated!!
Best bit of Byteball news for a while. Sent you a million bytes!
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Scooby903
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March 16, 2018, 07:54:35 PM |
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In case Byteball is certainly a shitcoin, why do Cryptopia take all their consumers' GBYTE build up deposit ?
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Cent21
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March 16, 2018, 08:04:44 PM |
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I didn't receive my bb from beeb bot. Tried the resend id procedure, but it says "No such batch can be resent."
Batch number is 4437.
What should i do?
We are still investigating with Tony why Blackbytes delivery is so delayed. I see you have received your Blackbytes in the meantime. Thank you for using BEEB! The problem has been fully identified by Tony. It is OK now. Back to normal. I confirm i received my blackbytes. Thanks for solving this problem. Will try BEEB again.
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Marc De Mesel
Sr. Member
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Activity: 327
Merit: 250
The Best Investment Deserves The Largest Exposure
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March 16, 2018, 08:25:57 PM |
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16. Censorship...... Only the majority of witnesses can effectively impose forbidden content rules – if users choose such witnesses
government is able to put pressure on public witnesses. And they will simply refuse to be witnesses. In this case it will be almost impossible to find a suitable replacement for them
It's a good critique. I think the answer is not in denying this vulnerability, as it is true, but being aware of the vulnerabilities of the alternative validation mechanisms POW and POS. With POW as well as POS, anyone can get a hold of the majority of the validation/hashing power, as long as you spend the money. And so people with outside interests may be financially motivated to spend the required amount to destroy it, and can do so fully anonymously. This will be much harder in a system where your identity is required, and a strong outside reputation as well, as they then lose their outside reputation too. That being said, I would prefer to see POS instead of witnesses as it is harder to take down with regulations/gov pressure. In the end though I think adoption depends much more on other factors than the security of the network. User friendliness, business model, fees, functionality etc. Think Byteball comes out overall very positively. And ofcourse over time the gov thread will go down for private currencies as it becomes more a legalized industry less and less at risk against gov attack, comparable to marihuana production in USA today.
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-doubleU-
Legendary
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Activity: 1078
Merit: 1307
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March 16, 2018, 08:52:10 PM |
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The problem has been fully identified by Tony. It is OK now. Back to normal.
Thanks for solving this problem and the Info here!
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Hhugh
Jr. Member
Offline
Activity: 84
Merit: 1
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March 16, 2018, 09:09:31 PM |
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This is an interesting blogpost from Dan Hughes (the lead developer of Radix) writing about why DAG coins (like Byteball) will not scale. https://www.radixdlt.com/post/dags-dont-scale-without-centralizationByteball is named in only one sentence and it concludes that Byteball (and Iota) are not very censorship resistant. "At present, the only way for a DAG to guarantee against double spending and 34% attacks is with the aid of a centralized authority. Byteball, another DAG, has 12 ‘Witness Nodes’ and IOTA has ‘The Coordinator’. These tools mean that the networks are not censorship resistant and that, should the centralized authority be compromised, the network would be vulnerable to an attack from the centralized state itself."
Tonych could you enlighten us about this vulnerability about being censhorship resistance? #16 in the whitepaper https://byteball.org/Byteball.pdfI don't think that conclusion is being made with a full understanding of the platform. 16. Censorship...... Only the majority of witnesses can effectively impose forbidden content rules – if users choose such witnesses government is able to put pressure on public witnesses. And they will simply refuse to be witnesses. In this case it will be almost impossible to find a suitable replacement for them I don't think there is an inherent deficiency after considering the following. While it is desired at this moment in time that witnesses are publicly known persons you'll find by reading the whitepaper this is not a requirement. Nor is it coded into the protocol. New witnesses could hide real world identifies to avoid government pressure. If attacked (politically or otherwise) the function of witnesses can adapt. Sure... if all the witnesses colluded at once then censorship exists. But I don't think this risk is inherently higher for Byteball than any POW where pools dominate hashing power or POS where the majority of coins are controlled by insiders.
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pineapple express
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March 16, 2018, 10:23:24 PM |
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While it is desired at this moment in time that witnesses are publicly known persons you'll find by reading the whitepaper this is not a requirement. New witnesses could hide real world identifies to avoid government pressure the requirement for publicity and reputation comes from the need to prevent such situations as the seven witnesses belong to one person. And reputation as a kind of insurance. This can not be achieved from anonymous witnesses This will be much harder in a system where your identity is required, and a strong outside reputation as well, as they then lose their outside reputation too.
my point was about censorship resistance. It is enough to arrange an demonstrative punishment and public persons will refuse to be a witnesses. From that day network down, because all 12 anonymous witnesses can belong to one person, without strong motivation to be honest. Even if he honest, this is not solution And ofcourse over time the gov thread will go down for private currencies as it becomes more a legalized industry less and less at risk against gov attack Cryptocurrency is not the hope that government will not make attempts to destroy the network. This is a network that government just can't destroy
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