Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 105. (Read 1234271 times)

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.

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

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/lvstCXQqhVw

If 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.

exactly, if you base what you buy and sell from such retarded websites you deserve to be broke

'random engaged' is not random

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? 

Yes, but as long as some can laugh unopposed about such nonsense, it still looks bad for the project.

lol

https://twitter.com/ByteballOrg/status/1053243171260588032

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 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.

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.

Tonys face when he hears barborrico wants to be a witness

Nice answer, but inaccurate:

In theory, anyone can be a witness.

In practice, only big companies can.

dont worry, the odds on you becoming a witness are 0%

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.

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".

From the same website:


LOL

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

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.