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Author Topic: Obyte: Totally new consensus algorithm + private untraceable payments  (Read 1226296 times)
xenon131
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May 13, 2021, 06:37:30 AM
 #22501



The main difference is the bonding curve formula that is used.

Thanks for nice explanation that proves your bonded tokens ( which are not stable, by and large) fall perfectly into algorithmic category. Changing formula for  algorithm doesn't  make them something special but if you like fancy terms you are free to use "bonded" instead of algorithmic when describing your tokens, I’ll let you do it.

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May 13, 2021, 11:38:56 AM
 #22502



The main difference is the bonding curve formula that is used.

Thanks for nice explanation that proves your bonded tokens ( which are not stable, by and large) fall perfectly into algorithmic category. Changing formula for  algorithm doesn't  make them something special but if you like fancy terms you are free to use "bonded" instead of algorithmic when describing your tokens, I’ll let you do it.

Come back when you learn to read. If you don't believe me that algoritmic stablecoins are something totally different then read what others write, I provided you even the links that explain bonding curves, stablecoins with collateral and stablecoins with elastic supply.
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May 13, 2021, 12:40:58 PM
Last edit: May 13, 2021, 01:00:15 PM by julian071
 #22503

I replied to Elon's tweet about Bitcoin using so much energy, asking if Tesla would be interested in becoming a witness in the Obyte network. Chances are near zero he even reads it, but still better then nothing.

Maybe the "green" aspect of Obyte coud get a little more emphasis in the marketing...

=P
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May 13, 2021, 02:51:44 PM
 #22504

I replied to Elon's tweet about Bitcoin using so much energy, asking if Tesla would be interested in becoming a witness in the Obyte network. Chances are near zero he even reads it, but still better then nothing.

Maybe the "green" aspect of Obyte coud get a little more emphasis in the marketing...

I did the same, the more people do it, the higher chance we have to get noticed, by anybody. But I think Elon FUDed Bitcoin for other reasons (maybe nobody bought any Tesla with it).

I don't think Bitcoin goal was to build a currency that would be energy efficient, I think any cryptocurrency will consume more electricity than traditional finance at same scale because the more full nodes there are keeping the copy of the ledger, the more resources are used. So, while PoW coins are clearly more wasteful because of miners, there is even more power consumption based on how distributed they are. And that's reasonable cost for decentralization.

Obyte has no PoW, not even the local one like Nano and IOTA have.

So, the least power consuming cryprocurrencies are in this order (without taking account how many full nodes they have):
1) (d)PoS, DAGs without local PoW and other non-PoW
2) feeless DAGs with local PoW
3) PoW with low hashrate
4) PoW with high hashrate
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