Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 1078. (Read 1234271 times)
November 08, 2016, 06:36:31 AM
How to link my btc adres to byteball?
November 08, 2016, 06:24:30 AM
In a few days, we are starting a new testnet in order to test flight the distribution. The distribution will be proportional to balances in Bitcoin testnet.
Regarding testnet bitcoins, here are a few (untested) faucets where you probably can get some:
https://tpfaucet.appspot.com/
https://kuttler.eu/de/bitcoin/btc/faucet/
http://bitcoinfaucet.uo1.net/
November 08, 2016, 03:55:14 AM
Hey tony,
Can you tell me when you are expecting the airdrop to start so I can get my wallet ready. Thanks my friend.
Can you tell me when you are expecting the airdrop to start so I can get my wallet ready. Thanks my friend.
We'll start linking Bitcoin and Byteball addresses in early December.
In a few days, we are starting a new testnet in order to test flight the distribution. The distribution will be proportional to balances in Bitcoin testnet.
November 07, 2016, 10:17:03 PM
Btw, I don't understand why that paper failed to cite the prior art of Iota's and Sergio Demian Lerner's DAGs.
Don't forget Byteball, a new consensus algorithm and private untraceable payments using DAG, no POW, no POS!
https://bitcointalksearch.org/topic/obyte-totally-new-consensus-algorithm-private-untraceable-payments-1608859
Also found this:
https://www.youtube.com/watch?v=zjT7wQNg_s4
The innovation claimed is that everyone can agree on 11 of 12 centralized supernodes to order the transactions, thus we wouldn't need PoW nor blocks if this claim were true and desirable.
If that claim were true, then we wouldn't have Visa and Mastercard dominant today.
Since people can't agree, this is why the governance of society is a power vacuum. The most ruthless and powerful are sucked into the vacuum to provide the top-down organization (discipline) that society requires to function. So it will be no different outcome in this case, where the 12 supernodes will be controlled by one entity (even pretending to be 12 entities via a Sybil attack). Because the users will never be able to agree on any evolution away from the 12 by forming a consensus on an exact 12, since they are only allowed a mutation of 1 at a time. And any higher rate of mutation would make it implausible to define a total order.
I am sorry he has failed. And every possible1 DAG design will fail.
Tangentially (off-topic for technical discussion) although the creator appears to have good intentions, I argue his distribution method is highly flawed. Giving away coins for free means most will dump them on the market, thus collapsing the price. Well maybe that is by design, so someone can scoop them up cheap and then later after price hits rock bottom, then that group can pump & dump it making the usual fortune by mining the n00b speculators.
1 I am referring to the concept of a DAG where branches are undifferentiated. And I have something more specific to say about this, but not ready to publish yet.
Are you the new identity of AnonyMint?
If you have any specific attack vectors in mind, please describe them and let's discuss.
Hey tony,
Can you tell me when you are expecting the airdrop to start so I can get my wallet ready. Thanks my friend.
November 07, 2016, 09:38:42 PM
Thank you for accepting me at your signature campaign. Hope the campaign last longer.
Im just curious about the spreadsheet because it has social media. Does the byteball has a social media campaign? Because i dont see it at your thread. Thank you.
Im just curious about the spreadsheet because it has social media. Does the byteball has a social media campaign? Because i dont see it at your thread. Thank you.
November 06, 2016, 07:08:22 PM
Can i use wallet from blockchain,electrum,multibet hd?
yes yu can..yu need btc own adresse..just that.
November 06, 2016, 06:56:57 PM
Btw, I don't understand why that paper failed to cite the prior art of Iota's and Sergio Demian Lerner's DAGs.
Don't forget Byteball, a new consensus algorithm and private untraceable payments using DAG, no POW, no POS!
https://bitcointalksearch.org/topic/obyte-totally-new-consensus-algorithm-private-untraceable-payments-1608859
Also found this:
https://www.youtube.com/watch?v=zjT7wQNg_s4
The innovation claimed is that everyone can agree on 11 of 12 centralized supernodes to order the transactions, thus we wouldn't need PoW nor blocks if this claim were true and desirable.
If that claim were true, then we wouldn't have Visa and Mastercard dominant today.
Since people can't agree, this is why the governance of society is a power vacuum. The most ruthless and powerful are sucked into the vacuum to provide the top-down organization (discipline) that society requires to function. So it will be no different outcome in this case, where the 12 supernodes will be controlled by one entity (even pretending to be 12 entities via a Sybil attack). Because the users will never be able to agree on any evolution away from the 12 by forming a consensus on an exact 12, since they are only allowed a mutation of 1 at a time. And any higher rate of mutation would make it implausible to define a total order.
I am sorry he has failed. And every possible1 DAG design will fail.
Tangentially (off-topic for technical discussion) although the creator appears to have good intentions, I argue his distribution method is highly flawed. Giving away coins for free means most will dump them on the market, thus collapsing the price. Well maybe that is by design, so someone can scoop them up cheap and then later after price hits rock bottom, then that group can pump & dump it making the usual fortune by mining the n00b speculators.
1 I am referring to the concept of a DAG where branches are undifferentiated. And I have something more specific to say about this, but not ready to publish yet.
Are you the new identity of AnonyMint?
If you have any specific attack vectors in mind, please describe them and let's discuss.
November 06, 2016, 06:31:23 PM
im involved in many cryptocoin projects and i would love take part on byteball too
just all my value is in altcoin not in bitcoins
wouldnt it be fair and also attract a lot of the more open mindet non pure bitcoin crowd
if u also share bytes towards owners of altcoins
as long as they are traded on a exchange vs btc its easy to find out their BTC value and reward the with correct amount of bytes
also it help ya to attract many more people
i think the average altcoin investor is way deeper educated about blockchains than the pure bitcoin investor
its a crucial skill in altcoin ecosystem that u understand a bit mpre about blockchain technology else u would burn yourself at most invests
just all my value is in altcoin not in bitcoins
wouldnt it be fair and also attract a lot of the more open mindet non pure bitcoin crowd
if u also share bytes towards owners of altcoins
as long as they are traded on a exchange vs btc its easy to find out their BTC value and reward the with correct amount of bytes
also it help ya to attract many more people
i think the average altcoin investor is way deeper educated about blockchains than the pure bitcoin investor
its a crucial skill in altcoin ecosystem that u understand a bit mpre about blockchain technology else u would burn yourself at most invests
A weighted index of top 20 from CMC would be relatively easy to calculate, so btc would still be dominant, but it would let alt holders participate without having to sell and risk buy back
Edit: I think this could be Byteball Classic
November 06, 2016, 06:23:24 PM
I downloaded the Byteball wallet for Linux. I unzipped the compressed file. Now, what file of the unzipped folder do I need to execute in order to install and/or get the wallet run? Is there a tutorial somewhere?
The executable file is "Byteball test". Run it from terminal.
November 06, 2016, 06:21:19 PM
I downloaded the Byteball wallet for Linux. I unzipped the compressed file. Now, what file of the unzipped folder do I need to execute in order to install and/or get the wallet run? Is there a tutorial somewhere?
November 06, 2016, 06:04:32 PM
Don't know if this has been addressed but wouldn't everyone sell all their bytecoins before the second distribution to gather extra btc for it?
i think better wait longer than to make more than one distributions.
i think better wait longer than to make more than one distributions.
Legit concern, it was addressed by making bytes also count for the second and subsequent phases of distribution.
See https://bitcointalksearch.org/topic/m.16569906
Quote
The 2nd and subsequent rounds are slightly different. You show both your BTC balances (as before) and your balance in bytes. You have a sort of basket that consists of a mixture of BTC and bytes. To determine the weight of the basket, every 62.5 MB are counted as 1 BTC. For example, if you have 125 MB and 3 BTC, the weight is 2+3=5 BTC. The distribution of new bytes on the 2nd and subsequent stages is proportional to the weight of your basket.
The ratio 62.5 MB per 1 BTC is chosen so that the total money supply of bytes (1015) and the total number of BTC in circulation (16,000,000) are equivalent.
Earlier adopters have the opportunity to participate in greater number of distribution rounds and receive new bytes in each round by using the same BTC balance and bytes received in previous rounds. You are effectively doubling your stake in each additional round you take part in.
The ratio 62.5 MB per 1 BTC is chosen so that the total money supply of bytes (1015) and the total number of BTC in circulation (16,000,000) are equivalent.
Earlier adopters have the opportunity to participate in greater number of distribution rounds and receive new bytes in each round by using the same BTC balance and bytes received in previous rounds. You are effectively doubling your stake in each additional round you take part in.
November 06, 2016, 05:06:54 PM
im involved in many cryptocoin projects and i would love take part on byteball too
just all my value is in altcoin not in bitcoins
wouldnt it be fair and also attract a lot of the more open mindet non pure bitcoin crowd
if u also share bytes towards owners of altcoins
as long as they are traded on a exchange vs btc its easy to find out their BTC value and reward the with correct amount of bytes
also it help ya to attract many more people
i think the average altcoin investor is way deeper educated about blockchains than the pure bitcoin investor
its a crucial skill in altcoin ecosystem that u understand a bit mpre about blockchain technology else u would burn yourself at most invests
just all my value is in altcoin not in bitcoins
wouldnt it be fair and also attract a lot of the more open mindet non pure bitcoin crowd
if u also share bytes towards owners of altcoins
as long as they are traded on a exchange vs btc its easy to find out their BTC value and reward the with correct amount of bytes
also it help ya to attract many more people
i think the average altcoin investor is way deeper educated about blockchains than the pure bitcoin investor
its a crucial skill in altcoin ecosystem that u understand a bit mpre about blockchain technology else u would burn yourself at most invests
This was already discussed in length and rejected by the developer.
If you really want to take part in the distribution, consider to sell your altcoins just for the btc linking process and buy them back later.
im not gona dump coins im involved since years
sad dev team choice to limit the audience for byteball
but ya never know maybe its good i have to pass on this one
November 06, 2016, 04:54:16 PM
Can i use wallet from blockchain,electrum,multibet hd?
November 06, 2016, 04:47:00 PM
im involved in many cryptocoin projects and i would love take part on byteball too
just all my value is in altcoin not in bitcoins
wouldnt it be fair and also attract a lot of the more open mindet non pure bitcoin crowd
if u also share bytes towards owners of altcoins
as long as they are traded on a exchange vs btc its easy to find out their BTC value and reward the with correct amount of bytes
also it help ya to attract many more people
i think the average altcoin investor is way deeper educated about blockchains than the pure bitcoin investor
its a crucial skill in altcoin ecosystem that u understand a bit mpre about blockchain technology else u would burn yourself at most invests
just all my value is in altcoin not in bitcoins
wouldnt it be fair and also attract a lot of the more open mindet non pure bitcoin crowd
if u also share bytes towards owners of altcoins
as long as they are traded on a exchange vs btc its easy to find out their BTC value and reward the with correct amount of bytes
also it help ya to attract many more people
i think the average altcoin investor is way deeper educated about blockchains than the pure bitcoin investor
its a crucial skill in altcoin ecosystem that u understand a bit mpre about blockchain technology else u would burn yourself at most invests
This was already discussed in length and rejected by the developer.
If you really want to take part in the distribution, consider to sell your altcoins just for the btc linking process and buy them back later.
November 06, 2016, 12:34:32 PM
im involved in many cryptocoin projects and i would love take part on byteball too
just all my value is in altcoin not in bitcoins
wouldnt it be fair and also attract a lot of the more open mindet non pure bitcoin crowd
if u also share bytes towards owners of altcoins
as long as they are traded on a exchange vs btc its easy to find out their BTC value and reward the with correct amount of bytes
also it help ya to attract many more people
i think the average altcoin investor is way deeper educated about blockchains than the pure bitcoin investor
its a crucial skill in altcoin ecosystem that u understand a bit mpre about blockchain technology else u would burn yourself at most invests
just all my value is in altcoin not in bitcoins
wouldnt it be fair and also attract a lot of the more open mindet non pure bitcoin crowd
if u also share bytes towards owners of altcoins
as long as they are traded on a exchange vs btc its easy to find out their BTC value and reward the with correct amount of bytes
also it help ya to attract many more people
i think the average altcoin investor is way deeper educated about blockchains than the pure bitcoin investor
its a crucial skill in altcoin ecosystem that u understand a bit mpre about blockchain technology else u would burn yourself at most invests
November 06, 2016, 08:24:23 AM
Don't know if this has been addressed but wouldn't everyone sell all their bytecoins before the second distribution to gather extra btc for it?
i think better wait longer than to make more than one distributions.
i think better wait longer than to make more than one distributions.
November 05, 2016, 11:07:08 PM
Btw, I don't understand why that paper failed to cite the prior art of Iota's and Sergio Demian Lerner's DAGs.
Don't forget Byteball, a new consensus algorithm and private untraceable payments using DAG, no POW, no POS!
https://bitcointalksearch.org/topic/obyte-totally-new-consensus-algorithm-private-untraceable-payments-1608859
Also found this:
https://www.youtube.com/watch?v=zjT7wQNg_s4
The innovation claimed is that everyone can agree on 11 of 12 centralized supernodes to order the transactions, thus we wouldn't need PoW nor blocks if this claim were true and desirable.
If that claim were true, then we wouldn't have Visa and Mastercard dominant today.
Since people can't agree, this is why the governance of society is a power vacuum. The most ruthless and powerful are sucked into the vacuum to provide the top-down organization (discipline) that society requires to function. So it will be no different outcome in this case, where the 12 supernodes will be controlled by one entity (even pretending to be 12 entities via a Sybil attack). Because the users will never be able to agree on any evolution away from the 12 by forming a consensus on an exact 12, since they are only allowed a mutation of 1 at a time. And any higher rate of mutation would make it implausible to define a total order.
I am sorry he has failed. And every possible1 DAG design will fail.
Tangentially (off-topic for technical discussion) although the creator appears to have good intentions, I argue his distribution method is highly flawed. Giving away coins for free means most will dump them on the market, thus collapsing the price. Well maybe that is by design, so someone can scoop them up cheap and then later after price hits rock bottom, then that group can pump & dump it making the usual fortune by mining the n00b speculators.
1 I am referring to the concept of a DAG where branches are undifferentiated. And I have something more specific to say about this, but not ready to publish yet.
November 05, 2016, 05:58:56 PM
What do you mean by "allow access to the private keys to official wallet"?
It is impossible to export private key in testnet..we can just import key..if wallet crash how can us restor it ?..privat key is an security allowing export fonds..so plan yu to allow this fonctionality in official wallet.
Unlike Bitcoin, private key in Byteball is not enough to restore access to funds. Hence, to avoid giving false sense of security, I removed the export function.
happy friday to all frds
tonych can u explain what is the recovery easy system will be for final official wallet ..
need easy 1-2-3 steps to acces byteballs and send them ...
Two options:
1. (crazy) back up the app's data folder (e.g. on windows C:\users\
2. (practical) set up a multisig wallet with redundancy on two or more devices. E.g. 1-of-2 on desktop+smartphone. If one of the devices fails, you still can spend the funds from the other device.
I know this is not secure - but how about a real time back-up solution like owncloud/dropbox for this?
November 05, 2016, 05:01:37 PM
tonych
thx, and one more question.
if i link my bitcoin address for example on the 10th of December with 10 btc, and spend 3 btc untill 25th of December,
then i'm getting 7 btc of Byteballs ?
thx, and one more question.
if i link my bitcoin address for example on the 10th of December with 10 btc, and spend 3 btc untill 25th of December,
then i'm getting 7 btc of Byteballs ?
Yes, but remember to move the 7 btc back to your linked address (most wallets throw the change onto a fresh newly generated address)
November 05, 2016, 04:18:50 PM
tonych
thx, and one more question.
if i link my bitcoin address for example on the 10th of December with 10 btc, and spend 3 btc untill 25th of December,
then i'm getting 7 btc of Byteballs ?
thx, and one more question.
if i link my bitcoin address for example on the 10th of December with 10 btc, and spend 3 btc untill 25th of December,
then i'm getting 7 btc of Byteballs ?
Yes, but remember to move the 7 btc back to your linked address (most wallets throw the change onto a fresh newly generated address)
Jump to: