Obyte: Totally new consensus algorithm + private untraceable payments - page 239.

Hhugh

jr. member

Activity: 84

Merit: 1

Quote from: pineapple express on March 16, 2018, 04:18:28 AM

Quote from: Hhugh on March 15, 2018, 07:16:51 PM

Quote from: atlas21 on March 15, 2018, 05:01:15 PM

This is an interesting blogpost from Dan Hughes (the lead developer of Radix) writing about why DAG coins (like Byteball) will not scale.

https://www.radixdlt.com/post/dags-dont-scale-without-centralization

Byteball is named in only one sentence and it concludes that Byteball (and Iota) are not very censorship resistant.

Tonych could you enlighten us about this vulnerability about being censhorship resistance?

#16 in the whitepaper https://byteball.org/Byteball.pdf

I don't think that conclusion is being made with a full understanding of the platform.

16. Censorship...... Only the majority of witnesses can effectively impose forbidden content rules – if users choose such witnesses

government is able to put pressure on public witnesses. And they will simply refuse to be witnesses. In this case it will be almost impossible to find a suitable replacement for them

I don't think there is an inherent deficiency after considering the following. While it is desired at this moment in time that witnesses are publicly known persons you'll find by reading the whitepaper this is not a requirement. Nor is it coded into the protocol. New witnesses could hide real world identifies to avoid government pressure. If attacked (politically or otherwise) the function of witnesses can adapt.

Sure... if all the witnesses colluded at once then censorship exists. But I don't think this risk is inherently higher for Byteball than any POW where pools dominate hashing power or POS where the majority of coins are controlled by insiders.

-doubleU-

legendary

Activity: 1078

Merit: 1307

Quote from: ByteFan on March 16, 2018, 06:19:23 AM

The problem has been fully identified by Tony. It is OK now. Back to normal.

Thanks for solving this problem and the Info here! Cool

Marc De Mesel

sr. member

Activity: 327

Merit: 250

The Best Investment Deserves The Largest Exposure

Quote from: pineapple express on March 16, 2018, 04:18:28 AM

16. Censorship...... Only the majority of witnesses can effectively impose forbidden content rules – if users choose such witnesses

government is able to put pressure on public witnesses. And they will simply refuse to be witnesses. In this case it will be almost impossible to find a suitable replacement for them

It's a good critique. I think the answer is not in denying this vulnerability, as it is true, but being aware of the vulnerabilities of the alternative validation mechanisms POW and POS.

With POW as well as POS, anyone can get a hold of the majority of the validation/hashing power, as long as you spend the money.

And so people with outside interests may be financially motivated to spend the required amount to destroy it, and can do so fully anonymously.

This will be much harder in a system where your identity is required, and a strong outside reputation as well, as they then lose their outside reputation too.

That being said, I would prefer to see POS instead of witnesses as it is harder to take down with regulations/gov pressure.

In the end though I think adoption depends much more on other factors than the security of the network.

User friendliness, business model, fees, functionality etc.

Think Byteball comes out overall very positively.

And ofcourse over time the gov thread will go down for private currencies as it becomes more a legalized industry less and less at risk against gov attack, comparable to marihuana production in USA today.

Cent21

hero member

Activity: 1442

Merit: 578

Quote from: ByteFan on March 16, 2018, 06:19:23 AM

Quote from: ByteFan on March 16, 2018, 12:18:06 AM

Quote from: Cent21 on March 15, 2018, 02:41:11 PM

I didn't receive my bb from beeb bot. Tried the resend id procedure, but it says "No such batch can be resent."

Batch number is 4437.

What should i do?

We are still investigating with Tony why Blackbytes delivery is so delayed. I see you have received your Blackbytes in the meantime.

Thank you for using BEEB!

The problem has been fully identified by Tony. It is OK now. Back to normal.

I confirm i received my blackbytes.

Thanks for solving this problem. Will try BEEB again.

Scooby903

hero member

Activity: 896

Merit: 500

In case Byteball is certainly a shitcoin, why do Cryptopia take all their consumers' GBYTE build up deposit ?

sprinkles

sr. member

Activity: 397

Merit: 250

Quote from: edgar on March 16, 2018, 05:48:25 AM

withdraws are finally working on cryptopia

~~#pending~~

completed.

AFT7Q54KNYEFTOKLK62FVI7JLCE5H46C

any old dust appreciated!!

Best bit of Byteball news for a while. Sent you a million bytes! Wink

Rumhurius

legendary

Activity: 1672

Merit: 1046

Here we go again

Quote from: zazarb on March 16, 2018, 04:23:08 AM

It's painful to look like a coin loses its value at such pace Sad

50% per week?) is it already floor? or will we go down until it becomes worthless?

+1

I still blame the shitty setup of the Airdrop fo dis.

ByteFan

sr. member

Activity: 510

Merit: 260

Quote from: Scooby903 on March 16, 2018, 07:00:22 AM

Does Airdrop has been completely stopped from byteball team?
and how to sell blackbytes

You can sell your blackbytes on http://beeb-bot.com

Scooby903

hero member

Activity: 896

Merit: 500

Does Airdrop has been completely stopped from byteball team?
and how to sell blackbytes

ByteFan

sr. member

Activity: 510

Merit: 260

Quote from: ByteFan on March 16, 2018, 12:18:06 AM

Quote from: Cent21 on March 15, 2018, 02:41:11 PM

I didn't receive my bb from beeb bot. Tried the resend id procedure, but it says "No such batch can be resent."

Batch number is 4437.

What should i do?

We are still investigating with Tony why Blackbytes delivery is so delayed. I see you have received your Blackbytes in the meantime.

Thank you for using BEEB!

The problem has been fully identified by Tony. It is OK now. Back to normal.

edgar

legendary

Activity: 1848

Merit: 1001

withdraws are finally working on cryptopia

~~#pending~~

completed.

AFT7Q54KNYEFTOKLK62FVI7JLCE5H46C

any old dust appreciated!!

naska21

hero member

Activity: 1358

Merit: 635

Quote from: CryptKeeper on March 16, 2018, 05:22:57 AM

[
Send Bytes to your friends using only their email address, a key reason Paypal became a giant
https://medium.com/byteball/sending-cryptocurrency-to-email-5c9bce22b8a9

Please retweet https://twitter.com/ByteballOrg/status/974591124177334278

Yup, Paypal became a giant because his ability to send money, but, unfortunately Bytes are not money as no one accepts them in exchange for goods. (A few merchants don't count). Sorry, but all things are upside down in Byteball.

CryptKeeper

legendary

Activity: 2044

Merit: 1055

Send Bytes to your friends using only their email address, a key reason Paypal became a giant
https://medium.com/byteball/sending-cryptocurrency-to-email-5c9bce22b8a9

Please retweet https://twitter.com/ByteballOrg/status/974591124177334278

CryptKeeper

legendary

Activity: 2044

Merit: 1055

Bank4YOU Group adds Byteball to their list of accepted fiat and crypto currencies for their ICO, a Mobile Money Remittance System.

Bank4YOU just implemented the option to purchase BFY tokens with Byteball Bytes.
Read all about it on their website https://bank4you.io/

Please retweet https://twitter.com/CryptKeeperBTT/status/974278017710215170

zazarb

legendary

Activity: 3542

Merit: 1548

Get loan in just five minutes goo.gl/8WMW6n

It's painful to look like a coin loses its value at such pace Sad

50% per week?) is it already floor? or will we go down until it becomes worthless?

pineapple express

full member

Activity: 630

Merit: 103

Quote from: Hhugh on March 15, 2018, 07:16:51 PM

Quote from: atlas21 on March 15, 2018, 05:01:15 PM

This is an interesting blogpost from Dan Hughes (the lead developer of Radix) writing about why DAG coins (like Byteball) will not scale.

https://www.radixdlt.com/post/dags-dont-scale-without-centralization

Byteball is named in only one sentence and it concludes that Byteball (and Iota) are not very censorship resistant.

Tonych could you enlighten us about this vulnerability about being censhorship resistance?

#16 in the whitepaper https://byteball.org/Byteball.pdf

I don't think that conclusion is being made with a full understanding of the platform.

16. Censorship...... Only the majority of witnesses can effectively impose forbidden content rules – if users choose such witnesses

government is able to put pressure on public witnesses. And they will simply refuse to be witnesses. In this case it will be almost impossible to find a suitable replacement for them

ByteFan

sr. member

Activity: 510

Merit: 260

Quote from: Cent21 on March 15, 2018, 02:41:11 PM

I didn't receive my bb from beeb bot. Tried the resend id procedure, but it says "No such batch can be resent."

Batch number is 4437.

What should i do?

We are still investigating with Tony why Blackbytes delivery is so delayed. I see you have received your Blackbytes in the meantime.

Thank you for using BEEB!

Hhugh

jr. member

Activity: 84

Merit: 1

Quote from: atlas21 on March 15, 2018, 05:01:15 PM

This is an interesting blogpost from Dan Hughes (the lead developer of Radix) writing about why DAG coins (like Byteball) will not scale.

https://www.radixdlt.com/post/dags-dont-scale-without-centralization

Byteball is named in only one sentence and it concludes that Byteball (and Iota) are not very censorship resistant.

Tonych could you enlighten us about this vulnerability about being censhorship resistance?

#16 in the whitepaper https://byteball.org/Byteball.pdf

I don't think that conclusion is being made with a full understanding of the platform.

atlas21

newbie

Activity: 29

Merit: 0

This is an interesting blogpost from Dan Hughes (the lead developer of Radix) writing about why DAG coins (like Byteball) will not scale.

https://www.radixdlt.com/post/dags-dont-scale-without-centralization

Byteball is named in only one sentence and it concludes that Byteball (and Iota) are not very censorship resistant.

Tonych could you enlighten us about this vulnerability about being censhorship resistance?

naska21

hero member

Activity: 1358

Merit: 635

Quote from: CryptKeeper on March 15, 2018, 08:11:34 AM

Pre-Announcement

Byteball is in the process of establishing a legal entity in Switzerland/Lichtenstein. This is aimed at bringing marketing and business development to a new level. Consequently, to grow strategically we need a budget enabling us to make short term and medium term plans. We need to hedge against volatility and work in fiat. Byteball is following the best practices in the crypto market.

In very doubt of this. To become legal financilal entitity the relevant financial regulations and rules should be amended accordingly, subject to prior review by both National Council and Federal Assembly of Switzerland.

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 239. (Read 1234271 times)