brightlight
Legendary
 Offline
Activity: 1288
Merit: 1000
|
 |
June 01, 2016, 06:09:22 AM |
|
Well... I know we don't talk here about other coins anymore...
Isn't ETH centralized? Or BTC or other coins?
Peter is creating a huge business for a very long term. A multimillion or even multibillion business with real services in mind. This won't be crypto traders matter, how valuable is the project.
I think that system implementation, we are in discussian about now, is must-have for fast and huge traffic services. How can it be done with wallets on client PCs only?
BTC isn't centralised, that is the whole point. everyone with a wallet and a coin owns a stake. I am sure with the security and privacy slant we have already seen with the other releases from this dev team that the wallet system will be safe and secure from anyone, (including dev team) BTC mining is centralized, BTC trading is centralized! Of course, not blockchain, but still... I don't think that anything decentralized is possible in reality. There will always be centralized things tied to decentralized things. |
|
|
|
|
|
WildBeastBitcoin (OP)
|
|
June 01, 2016, 06:34:25 AM |
|
Hi,
It is great that this gets you all talking.
Between centralised and decentralised there is a fine line.
WBB has both parts so a hybrid if you like to see it that way.
For us it is important to enable business function to the main market.
In the same time a progress must be in place to ensure not one person can take control.
As noted above regarding cluster environment, yes it has part of it and is needed. Is a part centralised yes of course as this is also needed as decentralised parts.
Both form the product as one.
Like it has been said above that there are coins out there which have this already is great and that they are much further then WBB is even greater 😃. Competition improves products and markets. There must be lots of businesses using these coins in their business environment to utilise the functionality provided/talked about.
WBB is only a small team swimming the other way to build something we believe will benefit the market.
Thanks
Peter
|
|
|
|
raimch89
Legendary
Offline
Activity: 1169
Merit: 1000
|
|
June 01, 2016, 07:54:21 AM |
|
i am a little confused with all that
i think with new ANN all must be most clear for us
|
|
|
|
|
brightlight
Legendary
Offline
Activity: 1288
Merit: 1000
|
|
June 01, 2016, 10:56:25 AM |
|
Some guy with new registered account and zero messages, PMed me that he want to buy my coins. Well, which coins first of all? There are exchanges, where to buy. A clean scam from that guy!
|
|
|
|
|
raimch89
Legendary
Offline
Activity: 1169
Merit: 1000
|
|
June 01, 2016, 11:10:58 AM |
|
i think they want your coins without escrow  |
|
|
|
|
brightlight
Legendary
Offline
Activity: 1288
Merit: 1000
|
|
June 01, 2016, 11:30:59 AM |
|
i think they want your coins without escrow They are catching fools. I didn't even say, I am selling. Lol |
|
|
|
|
|
Mr. Sovereign
|
|
June 01, 2016, 11:48:53 AM
Last edit: June 01, 2016, 12:03:34 PM by Mr. Sovereign |
|
I am wondering a few things: what keeps each voting body trusted and regulated? Also, if there is a small chunk of the total blockchain spread out over multiple locations, what would happen if one of those should go offline for some reason? If someone put their data in the system and a small part of it went down, wouldn't they lose access to all of their data because it would be incomplete?
Maybe i am just missing the point on how all this works.
|
|
|
|
|
|
cryptico
|
|
June 01, 2016, 12:22:15 PM
Last edit: June 01, 2016, 12:55:24 PM by cryptico |
|
 Where do I begin? You want to ensure fraud on the blockchain? You're planning on a HD wallet that many other coins have done. The ideas of what the wallet will do has already been proposed by other projects and go much further than your plans. Last but not least, you want to centralize the blockchain which was invented as a decentralized technology to prevent abuse by those in power. Yes, I know many companies that are interested in this sort of product. They usually call it a clustered database that another company hosts in the cloud. WOW.... Sam I/O Digital [/quote] Hi please explain how this is centralised and say the names of the other coins that have already this feature. |
|
|
|
TrueAnon
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
June 01, 2016, 01:01:54 PM |
|
WBB/1EX is a step above all coins I cannot believe it isn't as well known like the "big name coins". But I think by end of 2016 it will be noticed MUCH more with whatever promo/marketing dev does and also in price on coinmarketcap! When it climbs the ranks so quick people will really take notice.  So not so worried there...even with or without price manipulation help that's occuring now on it. That means it is taking real strength of cryptoworld like other big name coins ha. I think I'll try and research the tech this dev is working on more because it seems pretty groundbreaking in my eyes. Dev you speak of "business" case usage...so I asusme you have now started targeting some biz or whatever industries for wbb/1ex usage and implementation? That'd be awesome because that's where the big $$$ lies moer than just from cypto/traders popluation. |
|
|
|
|
|
WildBeastBitcoin (OP)
|
|
June 01, 2016, 02:52:22 PM |
|
I am wondering a few things: what keeps each voting body trusted and regulated? Also, if there is a small chunk of the total blockchain spread out over multiple locations, what would happen if one of those should go offline for some reason? If someone put their data in the system and a small part of it went down, wouldn't they lose access to all of their data because it would be incomplete?
Maybe i am just missing the point on how all this works.
HI due the setup it does not matter if a node goes down. In each regulatory system the instances balance them-self. e.g. 10 instances and two fails then the other 8 become a full node (all 8 have then a % of 100%) till the 2 are replaced with new once. After that the load is over 10 again Trusted bodies could be such as Banks, Solicitors, Regulators, Large reputable Businesses and others. Thanks Peter |
|
|
|
|
cryptico
|
|
June 01, 2016, 03:21:23 PM |
|
I am wondering a few things: what keeps each voting body trusted and regulated? Also, if there is a small chunk of the total blockchain spread out over multiple locations, what would happen if one of those should go offline for some reason? If someone put their data in the system and a small part of it went down, wouldn't they lose access to all of their data because it would be incomplete?
Maybe i am just missing the point on how all this works.
HI due the setup it does not matter if a node goes down. In each regulatory system the instances balance them-self. e.g. 10 instances and two fails then the other 8 become a full node (all 8 have then a % of 100%) till the 2 are replaced with new once. After that the load is over 10 again Trusted bodies could be such as Banks, Solicitors, Regulators, Large reputable Businesses and others. Thanks Peter HI peter for what I understood this system is completely decentralised as everyone can become an instance/node with wbbos/server version. Can you confirm? why people are saying it is centralised I don't get it. Also what are the other coins using this feature? no Coins has an OS that interacts with the blockhain DB to create an instance to DX the blockchain DB am I wrong? |
|
|
|
|
WildBeastBitcoin (OP)
|
|
June 01, 2016, 03:53:05 PM |
|
I am wondering a few things: what keeps each voting body trusted and regulated? Also, if there is a small chunk of the total blockchain spread out over multiple locations, what would happen if one of those should go offline for some reason? If someone put their data in the system and a small part of it went down, wouldn't they lose access to all of their data because it would be incomplete?
Maybe i am just missing the point on how all this works.
HI due the setup it does not matter if a node goes down. In each regulatory system the instances balance them-self. e.g. 10 instances and two fails then the other 8 become a full node (all 8 have then a % of 100%) till the 2 are replaced with new once. After that the load is over 10 again Trusted bodies could be such as Banks, Solicitors, Regulators, Large reputable Businesses and others. Thanks Peter HI peter for what I understood this system is completely decentralised as everyone can become an instance/node with wbbos/server version. Can you confirm? why people are saying it is centralised I don't get it. Also what are the other coins using this feature? no Coins has an OS that interacts with the blockhain DB to create an instance to DX the blockchain DB am I wrong? HI, No it is not completely decentralized, you always have some sort of centralization in one form or the other. Wallets will be on clients / with clients but no Blockchain anymore. The nodes as you know from other coins will not exist in the same form anymore, there is no single node which has a full blockchain. A regulatory section has multiple instances and each instance has a fraction of the blockchain but all instances in a regulatory system have the full blockchain together. The load of the chain and anything else is balance between them. There are more then 1 regulatory ( a min of 3 ) and each has regulatory vote rights A normal end-user will not become a regulatory for it, so normal user will not run a node, not even an exchange will have a full node for it. WBBOS servers are not for end-users only the WBBOS client version is made available. So WBB will become a hybrid centralized / decentralized to be able to utilize the best of both worlds. There is no such thing of truly decentralization (some more some less). Regarding other coins, so far I know there is no coin out there which has a fully working infrastructure like this used live in business, If there is I am sure you would have seen it and would hear about it. I am sure some work on the same or very similar and this can be seen. As it is now not a single coin is live with such structure in a fully working and functional way which is usable by anyone. Not even WBB as we are in the last stages for it.Thanks Peter |
|
|
|
|
cryptico
|
|
June 01, 2016, 04:06:41 PM |
|
I am wondering a few things: what keeps each voting body trusted and regulated? Also, if there is a small chunk of the total blockchain spread out over multiple locations, what would happen if one of those should go offline for some reason? If someone put their data in the system and a small part of it went down, wouldn't they lose access to all of their data because it would be incomplete?
Maybe i am just missing the point on how all this works.
HI due the setup it does not matter if a node goes down. In each regulatory system the instances balance them-self. e.g. 10 instances and two fails then the other 8 become a full node (all 8 have then a % of 100%) till the 2 are replaced with new once. After that the load is over 10 again Trusted bodies could be such as Banks, Solicitors, Regulators, Large reputable Businesses and others. Thanks Peter HI peter for what I understood this system is completely decentralised as everyone can become an instance/node with wbbos/server version. Can you confirm? why people are saying it is centralised I don't get it. Also what are the other coins using this feature? no Coins has an OS that interacts with the blockhain DB to create an instance to DX the blockchain DB am I wrong? HI, No it is not completely decentralized, you always have some sort of centralization in one form or the other. Wallets will be on clients / with clients but no Blockchain anymore. The nodes as you know from other coins will not exist in the same form anymore, there is no single node which has a full blockchain. A regulatory section has multiple instances and each instance has a fraction of the blockchain but all instances in a regulatory system have the full blockchain together. The load of the chain and anything else is balance between them. There are more then 1 regulatory ( a min of 3 ) and each has regulatory vote rights A normal end-user will not become a regulatory for it, so normal user will not run a node, not even an exchange will have a full node for it. WBBOS servers are not for end-users only the WBBOS client version is made available. So WBB will become a hybrid centralized / decentralized to be able to utilize the best of both worlds. There is no such thing of truly decentralization (some more some less). Regarding other coins, so far I know there is no coin out there which has a fully working infrastructure like this used live in business, If there is I am sure you would have seen it and would hear about it. I am sure some work on the same or very similar and this can be seen. As it is now not a single coin is live with such structure in a fully working and functional way which is usable by anyone. Not even WBB as we are in the last stages for it.Thanks Peter Ok so who has control over the regulatory section? and also so you are saying that your company will now own all the instances and that there will not be a server version of WBBOS anymore? If that's the case than you need to be closed source I guess also? |
|
|
|
|
WildBeastBitcoin (OP)
|
|
June 01, 2016, 04:18:41 PM |
|
I am wondering a few things: what keeps each voting body trusted and regulated? Also, if there is a small chunk of the total blockchain spread out over multiple locations, what would happen if one of those should go offline for some reason? If someone put their data in the system and a small part of it went down, wouldn't they lose access to all of their data because it would be incomplete?
Maybe i am just missing the point on how all this works.
HI due the setup it does not matter if a node goes down. In each regulatory system the instances balance them-self. e.g. 10 instances and two fails then the other 8 become a full node (all 8 have then a % of 100%) till the 2 are replaced with new once. After that the load is over 10 again Trusted bodies could be such as Banks, Solicitors, Regulators, Large reputable Businesses and others. Thanks Peter HI peter for what I understood this system is completely decentralised as everyone can become an instance/node with wbbos/server version. Can you confirm? why people are saying it is centralised I don't get it. Also what are the other coins using this feature? no Coins has an OS that interacts with the blockhain DB to create an instance to DX the blockchain DB am I wrong? HI, No it is not completely decentralized, you always have some sort of centralization in one form or the other. Wallets will be on clients / with clients but no Blockchain anymore. The nodes as you know from other coins will not exist in the same form anymore, there is no single node which has a full blockchain. A regulatory section has multiple instances and each instance has a fraction of the blockchain but all instances in a regulatory system have the full blockchain together. The load of the chain and anything else is balance between them. There are more then 1 regulatory ( a min of 3 ) and each has regulatory vote rights A normal end-user will not become a regulatory for it, so normal user will not run a node, not even an exchange will have a full node for it. WBBOS servers are not for end-users only the WBBOS client version is made available. So WBB will become a hybrid centralized / decentralized to be able to utilize the best of both worlds. There is no such thing of truly decentralization (some more some less). Regarding other coins, so far I know there is no coin out there which has a fully working infrastructure like this used live in business, If there is I am sure you would have seen it and would hear about it. I am sure some work on the same or very similar and this can be seen. As it is now not a single coin is live with such structure in a fully working and functional way which is usable by anyone. Not even WBB as we are in the last stages for it.Thanks Peter Ok so who has control over the regulatory section? and also so you are saying that your company will now own all the instances and that there will not be a server version of WBBOS anymore? If that's the case than you need to be closed source I guess also? HI To start with we need to start and run the regulatory section, however we don't want to run them. The idea is to have official trusted bodies to run them. For this we are in talks with a few businesses. It is the best way to have independent bodies on this. This could be businesses such as law firms, banks and large companies. Regarding the WBBOS server, there is a version but not for the public, normal users do not need a server version. How many run a Windows or a MAC or Linux server? Not many, it is mostly for businesses. I think we talk about closed or open source before and there are positives and negatives about it. We make this decision at last. But for now there is no need to have it closed source. thanks Peter |
|
|
|
|
cryptico
|
|
June 01, 2016, 04:23:57 PM |
|
I am wondering a few things: what keeps each voting body trusted and regulated? Also, if there is a small chunk of the total blockchain spread out over multiple locations, what would happen if one of those should go offline for some reason? If someone put their data in the system and a small part of it went down, wouldn't they lose access to all of their data because it would be incomplete?
Maybe i am just missing the point on how all this works.
HI due the setup it does not matter if a node goes down. In each regulatory system the instances balance them-self. e.g. 10 instances and two fails then the other 8 become a full node (all 8 have then a % of 100%) till the 2 are replaced with new once. After that the load is over 10 again Trusted bodies could be such as Banks, Solicitors, Regulators, Large reputable Businesses and others. Thanks Peter HI peter for what I understood this system is completely decentralised as everyone can become an instance/node with wbbos/server version. Can you confirm? why people are saying it is centralised I don't get it. Also what are the other coins using this feature? no Coins has an OS that interacts with the blockhain DB to create an instance to DX the blockchain DB am I wrong? HI, No it is not completely decentralized, you always have some sort of centralization in one form or the other. Wallets will be on clients / with clients but no Blockchain anymore. The nodes as you know from other coins will not exist in the same form anymore, there is no single node which has a full blockchain. A regulatory section has multiple instances and each instance has a fraction of the blockchain but all instances in a regulatory system have the full blockchain together. The load of the chain and anything else is balance between them. There are more then 1 regulatory ( a min of 3 ) and each has regulatory vote rights A normal end-user will not become a regulatory for it, so normal user will not run a node, not even an exchange will have a full node for it. WBBOS servers are not for end-users only the WBBOS client version is made available. So WBB will become a hybrid centralized / decentralized to be able to utilize the best of both worlds. There is no such thing of truly decentralization (some more some less). Regarding other coins, so far I know there is no coin out there which has a fully working infrastructure like this used live in business, If there is I am sure you would have seen it and would hear about it. I am sure some work on the same or very similar and this can be seen. As it is now not a single coin is live with such structure in a fully working and functional way which is usable by anyone. Not even WBB as we are in the last stages for it.Thanks Peter Ok so who has control over the regulatory section? and also so you are saying that your company will now own all the instances and that there will not be a server version of WBBOS anymore? If that's the case than you need to be closed source I guess also? HI To start with we need to start and run the regulatory section, however we don't want to run them. The idea is to have official trusted bodies to run them. For this we are in talks with a few businesses. It is the best way to have independent bodies on this. This could be businesses such as law firms, banks and large companies. Regarding the WBBOS server, there is a version but not for the public, normal users do not need a server version. How many run a Windows or a MAC or Linux server? Not many, it is mostly for businesses. I think we talk about closed or open source before and there are positives and negatives about it. We make this decision at last. But for now there is no need to have it closed source. thanks Peter So just the regularatory bodies can garantee against a 51% attack and those bodies are businesses? don't you have still full control over the chain anyway and can theoretically change balances at will? |
|
|
|
|
WildBeastBitcoin (OP)
|
|
June 01, 2016, 04:31:22 PM |
|
I am wondering a few things: what keeps each voting body trusted and regulated? Also, if there is a small chunk of the total blockchain spread out over multiple locations, what would happen if one of those should go offline for some reason? If someone put their data in the system and a small part of it went down, wouldn't they lose access to all of their data because it would be incomplete?
Maybe i am just missing the point on how all this works.
HI due the setup it does not matter if a node goes down. In each regulatory system the instances balance them-self. e.g. 10 instances and two fails then the other 8 become a full node (all 8 have then a % of 100%) till the 2 are replaced with new once. After that the load is over 10 again Trusted bodies could be such as Banks, Solicitors, Regulators, Large reputable Businesses and others. Thanks Peter HI peter for what I understood this system is completely decentralised as everyone can become an instance/node with wbbos/server version. Can you confirm? why people are saying it is centralised I don't get it. Also what are the other coins using this feature? no Coins has an OS that interacts with the blockhain DB to create an instance to DX the blockchain DB am I wrong? HI, No it is not completely decentralized, you always have some sort of centralization in one form or the other. Wallets will be on clients / with clients but no Blockchain anymore. The nodes as you know from other coins will not exist in the same form anymore, there is no single node which has a full blockchain. A regulatory section has multiple instances and each instance has a fraction of the blockchain but all instances in a regulatory system have the full blockchain together. The load of the chain and anything else is balance between them. There are more then 1 regulatory ( a min of 3 ) and each has regulatory vote rights A normal end-user will not become a regulatory for it, so normal user will not run a node, not even an exchange will have a full node for it. WBBOS servers are not for end-users only the WBBOS client version is made available. So WBB will become a hybrid centralized / decentralized to be able to utilize the best of both worlds. There is no such thing of truly decentralization (some more some less). Regarding other coins, so far I know there is no coin out there which has a fully working infrastructure like this used live in business, If there is I am sure you would have seen it and would hear about it. I am sure some work on the same or very similar and this can be seen. As it is now not a single coin is live with such structure in a fully working and functional way which is usable by anyone. Not even WBB as we are in the last stages for it.Thanks Peter Ok so who has control over the regulatory section? and also so you are saying that your company will now own all the instances and that there will not be a server version of WBBOS anymore? If that's the case than you need to be closed source I guess also? HI To start with we need to start and run the regulatory section, however we don't want to run them. The idea is to have official trusted bodies to run them. For this we are in talks with a few businesses. It is the best way to have independent bodies on this. This could be businesses such as law firms, banks and large companies. Regarding the WBBOS server, there is a version but not for the public, normal users do not need a server version. How many run a Windows or a MAC or Linux server? Not many, it is mostly for businesses. I think we talk about closed or open source before and there are positives and negatives about it. We make this decision at last. But for now there is no need to have it closed source. thanks Peter So just the regularatory bodies can garantee against a 51% attack and those bodies are businesses? don't you have still full control over the chain anyway and theoretically change balances at will? Hi On PoW it should prevent large pool which own more then 51% of the network to double spend, manipulate the chain and so on. The Blockchain is not with them anymore and is with the regulator system which is verified between them in a queue and also the regulator bodies have to vote on a conflict If it 100% prevents it we see when all is running live but we are confident it should. But lets see ... Regarding changing balances no you can't when this is live and not one person / business has full control. Thanks Peter |
|
|
|
brightlight
Legendary
Offline
Activity: 1288
Merit: 1000
|
|
June 01, 2016, 06:19:18 PM |
|
Ha, ha!
Again Yobit with next coin listing that isn't released yet. When this scam will end??? An obvious scam buy an exchange, which uses many traders (or wannabe traders lol). And nobody can do anything to stop it.
They earned a huge money with LISK IOU listing. Now WAVES!
Sorry for mentioning other coins, but message was about exchange.
|
|
|
|
|
TrueAnon
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
June 01, 2016, 06:45:08 PM |
|
Ha, ha!
Again Yobit with next coin listing that isn't released yet. When this scam will end??? An obvious scam buy an exchange, which uses many traders (or wannabe traders lol). And nobody can do anything to stop it.
They earned a huge money with LISK IOU listing. Now WAVES!
Sorry for mentioning other coins, but message was about exchange.
Yeah it's pretty disgusting. |
|
|
|
|
placebo
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
June 01, 2016, 07:33:42 PM |
|
Sad that i didn't bought WBB when it was still trading at $20k... i really looked at it, but tought it was dead and look now. Crypto wolrd surprise me every day.
|
|
|
|
|
|
Mr. Sovereign
|
|
June 01, 2016, 07:40:28 PM |
|
Sad that i didn't bought WBB when it was still trading at $20k... i really looked at it, but tought it was dead and look now. Crypto wolrd surprise me every day.
Not too late. I have a feeling just a little bit will go a long way in the not too distant future. |
|
|
|
|
|
Poll
