CryptoUnicornRider
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October 19, 2018, 02:09:45 AM
Last edit: October 19, 2018, 02:19:53 AM by CryptoUnicornRider |
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Byteball need witnesses + POS. If the witnesses honest, DAG works in the fast mode. If the Byteball witnesses under 51 attack, DAG switch to POS algorithm (slow mode) until 51 attack will not be fixed and the new witnesses will not replace malicious ones. Hi pineapple express, What you call 51 attack isn't really possible with the Byteball DAG model because there is no miner and due to the serialized logic of partial orders and then of total orders. Obviously, majority of witnesses could collude in attempt to rewrite history. Unfortunately for them, an attempt of rewriting history has severe consequences with the Byteball model because everybody is allowed to post/write units/data in the chain/database. Indeed, every unit posted in the chain has a referenced parent and this parent a chain of referenced ancestors until the genesis unit. Alter the chain of a unit ancestors will create inevitabilly orphan units and potentially break the chain until the genesis unit. Honnest witnesses can detect this kind of paradoxal events and choose a new chain as best chain. Worst, honnest witnesses will exclude dishonnest ones and communicate about these renegates publicly to be sure that community will exclude them definitively. In plus, Byteball model tolerates 1 witness permutation that allows potential alternate histories/realities to coexist along the main chain. These alternate chains can be choose to handle the cataclismic event of rewriting attempt. Eventually, the role of witnesses are to post units periodically every 100 non-witnesses main chain which will be used as lighthouses (or luminous witnesses) by non-witnesses. These navigational aids for non-witnesses allow them to choose the best chain/path until the genesis unit. So, witnesses can't rewrite non-witnesses posts and their "power" is very limited and mainly honorific. By the way, everybody can run a witness node and set it as its own permuted witness with the possibility of keep the chain healty until the genesis unit with its own reality. Better, we can be the lighthouse of many ;-) Yes, we can be a non-official witness. Bye |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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CryptKeeper
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October 19, 2018, 06:11:27 AM |
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Walletinvestor only analyzes the price trend (which the decisions of the Byteball management are responsible for).
Should the management ever come to its senses, the direction will change again, but so far it doesn't look like that. Hence the forecast towards zero.
From the same website: What is the Ethereum price today?
The current price of Ethereum is 198.782 USD today.
Will Ethereum price drop / fall?
Yes. The price of Ethereum may drop from 198.782 USD to 0.000001 USD. The change will be -100.00%.
Will Ethereum price grow / rise / go up?
No (see above).
Will Ethereum replace / surpass / overtake Bitcoin?
According to our predictions, this won't happen in near future.
Will Ethereum crash?
According to our analysis, this can happen.
Will Ethereum hit 1 000 USD in a year?
Not within a year ( see above).
Will Ethereum hit 2 000 USD in a year?
Not within a year ( see above). LOL |
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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Thul
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October 19, 2018, 07:26:39 AM
Last edit: October 19, 2018, 07:43:15 AM by Thul |
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Walletinvestor only analyzes the price trend (which the decisions of the Byteball management are responsible for).
Should the management ever come to its senses, the direction will change again, but so far it doesn't look like that. Hence the forecast towards zero.
From the same website: What is the Ethereum price today?
The current price of Ethereum is 198.782 USD today.
Will Ethereum price drop / fall?
Yes. The price of Ethereum may drop from 198.782 USD to 0.000001 USD. The change will be -100.00%.
Will Ethereum price grow / rise / go up?
No (see above).
Will Ethereum replace / surpass / overtake Bitcoin?
According to our predictions, this won't happen in near future.
Will Ethereum crash?
According to our analysis, this can happen.
Will Ethereum hit 1 000 USD in a year?
Not within a year ( see above).
Will Ethereum hit 2 000 USD in a year?
Not within a year ( see above). LOL I can't say anything about ETH. My focus is on an initially promising project, but it is becoming increasingly run down over time. The course reflects this (I suppose it's similar at ETH?). Responsible for this is the arrogance and ignorance of management and development (how one can still allow the association to a bite gag after months of criticism regarding the naming is a mystery to me), and of course an aphatic community that celebrates every gimmick like an absolute technical breakthrough. Developments which increase the demand and make this currency usable are still not in sight. - But the Byteball project is not alone in this. Only Bitcoin is the exception here, albeit with restrictions. Edit: On the Walletinvestor side ETH has an "A+" rating, Byteball on the other hand has a " D". |
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barborrico
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October 19, 2018, 08:34:20 AM |
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In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.
The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.
Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.
That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.
Don't pretend to be what you are not.
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whenearth
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October 19, 2018, 08:55:38 AM |
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In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.
The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.
Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.
That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.
Don't pretend to be what you are not.
dont worry, the odds on you becoming a witness are 0% |
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barborrico
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October 19, 2018, 09:12:31 AM |
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Nice answer, but inaccurate: dont worry, the odds on someone except big companies becoming a witness are 0%
In theory, anyone can be a witness. In practice, only big companies can. |
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meterse
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October 19, 2018, 09:21:55 AM |
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Tonys face when he hears barborrico wants to be a witness  |
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Thul
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October 19, 2018, 09:29:25 AM |
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In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.
The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.
Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.
That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.
Don't pretend to be what you are not.
That is indeed a problem. What could a solution look like? A secret witness routing the database via TOR? Publicly known witnesses could easily be eliminated by state despotism and violence. |
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barborrico
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October 19, 2018, 09:53:42 AM
Last edit: October 19, 2018, 11:14:59 AM by barborrico |
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Tonys face when he hears barborrico wants to be a witness
Yes yes, of course, I don't care about witnesses selection but I want to be one of them Don't be dumb and reply with arguments please. Well, if you want to help greatly to byteball, as your signature states. |
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barborrico
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October 19, 2018, 09:59:57 AM
Last edit: October 19, 2018, 11:12:04 AM by barborrico |
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In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.
The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.
Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.
That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.
Don't pretend to be what you are not.
That is indeed a problem. What could a solution look like? A secret witness routing the database via TOR? Publicly known witnesses could easily be eliminated by state despotism and violence. There is no solution. Byteball team has to assume the truth, and act accordingly. Starting with calling the process "witness distribution" instead of "witness decentralization". But, as you see, first reaction is laugh to one. Acceptance comes later, after some intermediate states. |
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meterse
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October 19, 2018, 11:19:05 AM |
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whenearth
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October 19, 2018, 11:49:58 AM |
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Thul
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October 19, 2018, 12:09:31 PM |
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In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.
The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.
Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.
That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.
Don't pretend to be what you are not.
That is indeed a problem. What could a solution look like? A secret witness routing the database via TOR? Publicly known witnesses could easily be eliminated by state despotism and violence. There is no solution. Byteball team has to assume the truth, and act accordingly. Starting with calling the process "witness distribution" instead of "witness decentralization". But, as you see, first reaction is laugh to one. Acceptance comes later, after some intermediate states. Yes, but as long as some can laugh unopposed about such nonsense, it still looks bad for the project. |
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Thul
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October 19, 2018, 12:18:44 PM |
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Would it not have been more senseful to announce such an action beforehand? And then to random recipients. - Welcome nepotism.  Who the hell is responsible for such marketing?  |
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whenearth
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October 19, 2018, 12:34:57 PM |
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Would it not have been more senseful to announce such an action beforehand? And then to random recipients. - Welcome nepotism. Who the hell is responsible for such marketing? 'random engaged' is not random |
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whenearth
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October 19, 2018, 12:38:01 PM |
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98% price retrace with no change in fundamentals is no joke. I suppose that at least a short term bounce is due, maybe even something more.
fundamentals are stronger now, and will be much more so once the community selects witnesses At least in the twisting and ignoring of facts, management shows brilliant performances. What is the Byteball Bytes price today?The current price of Byteball Bytes is 41.487 USD today. Will Byteball Bytes price drop / fall?Yes. The price of Byteball Bytes may drop from 41.487 USD to 0.000001 USD. The change will be -100.00%. Will Byteball Bytes price grow / rise / go up?No (see above). Will Byteball Bytes replace / surpass / overtake Bitcoin?According to our predictions, this won't happen in near future. Will Byteball Bytes crash?According to our analysis, this can happen. https://walletinvestor.com/forecast/byteball-bytes-predictionWhy would anybody take anything seriously what Wallet Investor website says? To be critical at something, why wouldn't you be more critical about your sources that you use? I mean, zero USD is anything lower than 0.01, but they are trying to say that it will go lower than zero, to be precise - 0.000001 USD. If this is not straight up FUD or lazy coding then what is? How can anybody take seriously anything that just draws a trendline to some abstract small dollar value, without considering the fact that it is not in their control when next bull-market will began? This website doesn't do any analysis, it just draws a meaningless trendlines. If the price will crash to zero, it will need a reason, not just some event that could happen, but some event that will happen. exactly, if you base what you buy and sell from such retarded websites you deserve to be broke |
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tarmo888
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October 19, 2018, 01:19:49 PM
Last edit: October 19, 2018, 01:30:40 PM by tarmo888 |
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I can't say anything about ETH.
My focus is on an initially promising project, but it is becoming increasingly run down over time. The course reflects this (I suppose it's similar at ETH?).
Responsible for this is the arrogance and ignorance of management and development (how one can still allow the association to a bite gag after months of criticism regarding the naming is a mystery to me), and of course an aphatic community that celebrates every gimmick like an absolute technical breakthrough.
Developments which increase the demand and make this currency usable are still not in sight. - But the Byteball project is not alone in this. Only Bitcoin is the exception here, albeit with restrictions.
Edit: On the Walletinvestor side ETH has an "A+" rating, Byteball on the other hand has a "D".
Do you understand that Bitcoin is as stupid name as Byteball? Both are about what you call "bite gag", I am just not sure, which is more stupid, either biting a coin in past tense or call to action for somebody to bite a ball. Hmm, only editable coin I know is chocolate coin, but there are many editable ball shaped candy gums that you can bite. So, you expect that when some people complain about the name, it should be immediately changed? And if it is not then it is okay to spread FUD until the team gives up and does something about it? Latest video with Valerius Coppens mentions branding, but I am afraid that if there will be new name, it could be as stupid as Bitcoin or Byteball. I just hope it won't be as bad as Ethereum - that is a worse cryptocurrency name ever. I can't believe they still haven't rebranded. https://youtu.be/lvstCXQqhVwIf you think that Byteball integrated with Bisq is such a great idea, stop moaning about it and find yourself a team who builds it (both projects are open-source), otherwise you don't get the ideas done that you think are genius. You might even make a profit, if this project turns out as successful as you describe. |
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CryptoUnicornRider
Newbie
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Activity: 36
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October 19, 2018, 02:01:19 PM |
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In fact, you have to change marketing seriously. Byteball it is not decentralized, and never will by design.
The cause is simply: when I want to become a witness, I have to ask EVERY NETWORK NODE (controlling byteball main hub would do this easier).
Very different is the case when I want to become a miner, I DON'T HAVE TO ASK ANYONE.
Because of that, PoW is decentralized, and Byteball not.
Byteball is a DISTRIBUTED database with twelve high reputable nodes that help network to reach consensus.
That twelve nodes FORM a single point of failure, and the power those witnesses have over the network is not related to this fact.
Don't pretend to be what you are not.
Hi barborrico, As I told previously to pineapple express, everybody can run a witness node and set it as its own permuted witness with the possibility of keeping the chain healty until the genesis unit with its own reality perception. Better, we can be the lighthouse of many. So, yes, you can be a non-official witness without asking permission to anyone and who knows if you'll not be one of official witnesses one day. Bye |
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tarmo888
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October 19, 2018, 02:19:21 PM |
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guys, the scalability of DAG supposed to be much, much better than blockchain?
Is this an advantage of BYTEBALL?
Yes, but since it is not optimized for performance yet, last time there was a stress test, it had similar performance as Ethereum. When Byteball will be as successful as Ethereum, database queries can be improved to remove the bottlenecks. Also, because it is not as popular yet, confirmation times are slower (5-15 minutes) than they would be (under minute) when there would be more activity on Byteball. So, Byteball has not yet shown it's full potential. |
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Thul
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October 19, 2018, 03:12:46 PM |
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Would it not have been more senseful to announce such an action beforehand? And then to random recipients. - Welcome nepotism. Who the hell is responsible for such marketing? 'random engaged' is not random That's irrelevant. It matters the effect on those whose native language is NOT English. Which is conspicuous: Not the management is criticized for its mistakes, but the critics who point them out. But the critics are certainly not responsible for the lack of demand... |
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