Author

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 252. (Read 1234344 times)

sr. member
Activity: 510
Merit: 260
I have published a paper about what I consider being design flaws when you look at how Byteball does (not) decentralize.

Open for comments.

https://medium.com/@prat486/byteball-move-proposal-831187509ed0

Some random remarks about your paper.

This is a bit weird when you say that nobody would like to be a witness since you've been trying for 1 year to become one and I reckon that anybody somehow involved with Byteball would gladly accept to be one.


True but I never said that I would challenge my real world identity and reputation for that. Many guys would like to become witnesses for the witnessing commission only, it is not what the white paper claims a witness should be. Also they should be well reputed real world entity being  "anybody somehow involved with Byteball would gladly accept to be one" does not meet the criterion too.
full member
Activity: 346
Merit: 107
I have published a paper about what I consider being design flaws when you look at how Byteball does (not) decentralize.

Open for comments.

https://medium.com/@prat486/byteball-move-proposal-831187509ed0

Some random remarks about your paper.

Your vision about hub's remuneration is a bit short-sighted, you don't consider that a hub can be tied to a custom version of wallet from which the operator can make revenue from advertizing or collected data. Gmail, Whatapps or whatever make money although having to support high infrastructure cost. If the user doesn't want to be the product, he could still choose to volontary pay for a hub, a small payment is so easy with Byteball... I don't see why this should be included in the protocol.

This is a bit weird when you say that nobody would like to be a witness since you've been trying for 1 year to become one and I reckon that anybody somehow involved with Byteball would gladly accept to be one. Maybe your arguments could be right but I'm not convinced by witnesses chosen by proof of stake, it would give power to a few rich holders from whom we know nothing and remove the possibility for users to get a witness out. In overall this solution would suffer from all the flaws of PoS (see PoS vs PoW debate).

When you want to remove the header commission and keep the DAG narrow with a hard coded function, have you an idea of the algorithm used ? it doesn't look trivial to do.
full member
Activity: 562
Merit: 100
I have published a paper about what I consider being design flaws when you look at how Byteball does (not) decentralize.

Open for comments.

https://medium.com/@prat486/byteball-move-proposal-831187509ed0

I think it will be beneficial to allocate part of remain fund to hub operator or witness node
full member
Activity: 562
Merit: 100
The coins need to be circulating NOT being hodled by the creator. It just is not a good look for a coin. Reminding me in a very uncomfortable way of Ripple. Sending out a couple of hundred bucks as incentive for KYC  ID is not an air drop. The coins will never be 98% distributed if this goes on. Consequence being that it will never be taken seriously as money.

The thing is the excuse of trying to get as many users as possible with meagre handouts is proven not to work. The best example being Iceland's Aurora coin. People have to be attracted to use it not bribed. It is not attractive seeing the Dev change plan and hodl his own premined coin.

Also it is flying under the radar but the witnesses are all but maybe two controlled by Tony.

I invested in this coin because the tech sounded amazing and the roadmap of airdrops was clear.

Shame to see the credibility draining away like this.

For those that call this greed. You need to rethink about the economics of supply and demand.




I agree, this has less to do with greed (although fear and greed are always factors in crypto) and everything to do with certainty.

Once the original moon airdrop distribution was completed there may well have been a big fall in price, and that price fall would have attracted new buyers looking for a bargain. The market takes care of adoption, if the tech is good, which it clearly is. Give the market certainty, and the tech potential in combination with the market does the rest for adoption.

I fear BB is losing future evangelists who will move onto other projects now, it's not like there is a shortage of crypto to get involved with. Distribute the remaining tokens quickly, that is the issue, not who gets them, that's my reading of the community backlash Tony is getting.

Whales inevitably start promoting tokens to increase their wealth, but that won't happen when there is uncertainty, they just leave the community, and Tony can't do this on his own.

Agree, and is there any way that Tony or any core team could hear this kind of voice?
sr. member
Activity: 510
Merit: 260
I have published a paper about what I consider being design flaws when you look at how Byteball does (not) decentralize.

Open for comments.

https://medium.com/@prat486/byteball-move-proposal-831187509ed0
full member
Activity: 346
Merit: 107
*agitated*

So I'm fairly new to Cryptocurrency (Dec2017). After logging into Coinbase and transferring $1000 in BTC to GDAX and then transferring that $1000 BTC to Cryptopia I find that Byteball trading has been "broken" for months on that shit exchange. Tons of posts about people holding Bytes they can't retrieve. So I send the money back to my web wallet and get hit $10 in fees (FUCK CRYPTOPIA). So I google other options and see I can buy on Bittrex. Go and try to create an account but they aren't accepting new users. Long story short, I spend an hour and a half only to not own any GBYTE and lose $10 in BTC. I'm no whale and that attempted purchase accounts for half of my holdings.

-deep

Go cryptox.pl that is a small but reliable exchange without KYC.
newbie
Activity: 9
Merit: 0
*agitated*

So I'm fairly new to Cryptocurrency (Dec2017). After logging into Coinbase and transferring $1000 in BTC to GDAX and then transferring that $1000 BTC to Cryptopia I find that Byteball trading has been "broken" for months on that shit exchange. Tons of posts about people holding Bytes they can't retrieve. So I send the money back to my web wallet and get hit $10 in fees (FUCK CRYPTOPIA). So I google other options and see I can buy on Bittrex. Go and try to create an account but they aren't accepting new users. Long story short, I spend an hour and a half only to not own any GBYTE and lose $10 in BTC. I'm no whale and that attempted purchase accounts for half of my holdings.

-deep
sr. member
Activity: 756
Merit: 268
The coins need to be circulating NOT being hodled by the creator. It just is not a good look for a coin. Reminding me in a very uncomfortable way of Ripple. Sending out a couple of hundred bucks as incentive for KYC  ID is not an air drop. The coins will never be 98% distributed if this goes on. Consequence being that it will never be taken seriously as money.

The thing is the excuse of trying to get as many users as possible with meagre handouts is proven not to work. The best example being Iceland's Aurora coin. People have to be attracted to use it not bribed. It is not attractive seeing the Dev change plan and hodl his own premined coin.

Also it is flying under the radar but the witnesses are all but maybe two controlled by Tony.

I invested in this coin because the tech sounded amazing and the roadmap of airdrops was clear.

Shame to see the credibility draining away like this.

For those that call this greed. You need to rethink about the economics of supply and demand.




I agree, this has less to do with greed (although fear and greed are always factors in crypto) and everything to do with certainty.

Once the original moon airdrop distribution was completed there may well have been a big fall in price, and that price fall would have attracted new buyers looking for a bargain. The market takes care of adoption, if the tech is good, which it clearly is. Give the market certainty, and the tech potential in combination with the market does the rest for adoption.

I fear BB is losing future evangelists who will move onto other projects now, it's not like there is a shortage of crypto to get involved with. Distribute the remaining tokens quickly, that is the issue, not who gets them, that's my reading of the community backlash Tony is getting.

Whales inevitably start promoting tokens to increase their wealth, but that won't happen when there is uncertainty, they just leave the community, and Tony can't do this on his own.
legendary
Activity: 2101
Merit: 1061
The coins need to be circulating NOT being hodled by the creator. It just is not a good look for a coin. Reminding me in a very uncomfortable way of Ripple. Sending out a couple of hundred bucks as incentive for KYC  ID is not an air drop. The coins will never be 98% distributed if this goes on. Consequence being that it will never be taken seriously as money.

The thing is the excuse of trying to get as many users as possible with meagre handouts is proven not to work. The best example being Iceland's Aurora coin. People have to be attracted to use it not bribed. It is not attractive seeing the Dev change plan and hodl his own premined coin.

Also it is flying under the radar but the witnesses are all but maybe two controlled by Tony.

I invested in this coin because the tech sounded amazing and the roadmap of airdrops was clear.

Shame to see the credibility draining away like this.

For those that call this greed. You need to rethink about the economics of supply and demand.


legendary
Activity: 1288
Merit: 1087
we need binance listing

From what I've heard binance listings cost the applicants big money. They also will only accept applications from members of the core team which means Mr Ch which means it ain't happening ever.
newbie
Activity: 19
Merit: 1
Hi guys.
Byteball's wallet is looks ready to go for larger adaption.
 When will the next distribution to bytebal holders exactly happen? Full moon of march? I had some bytes in my wallet.



Read the last couple of pages, distibution was cancelled.
member
Activity: 224
Merit: 10
Hi guys.
Byteball's wallet is looks ready to go for larger adaption.
 When will the next distribution to bytebal holders exactly happen? Full moon of march? I had some bytes in my wallet.

legendary
Activity: 1498
Merit: 1117
Anyone knows how to start Byteball and route everything through Tor? I want to check my balances. The last time I checked, it was when the airdrop rewards got dropped a lot, which was when I linked my BTC on there. The reward was honestly so low that I didn't bother to check it again. I want to see what kind of interest it has generated since then. I think it was last august.

I made a thread asking about this but im afraid is going to get buried with 0 replies.

open wallet - settings - tor.

i don't know how to do this without opening the wallet. if you dont want to open the wallet while using you ip then start a vpn first. or configure your OS to only connect via tor.
hero member
Activity: 980
Merit: 500
why the airdrop canceled? is there any airdrop in future ?

It was cancelled because team thought it was not bringing the benefits anymore what were thought. It was cancelled in past few times but when it will be resumed or not in future at this moment there is no concrete information in my knowledge. These coins can be used other way to incentivize the supporters and users.
legendary
Activity: 965
Merit: 1033
ICO bot now supports KYC and non-US attestation https://github.com/byteball/ico-bot
I'm not aware of any other ICO platform that supports KYC out of the box.

For developers who want to use KYC or any other private attestations, here is developer guide: https://github.com/byteball/byteballcore/wiki/Using-attested-private-profiles

legendary
Activity: 1610
Merit: 1183
Anyone knows how to start Byteball and route everything through Tor? I want to check my balances. The last time I checked, it was when the airdrop rewards got dropped a lot, which was when I linked my BTC on there. The reward was honestly so low that I didn't bother to check it again. I want to see what kind of interest it has generated since then. I think it was last august.

I made a thread asking about this but im afraid is going to get buried with 0 replies.
member
Activity: 159
Merit: 12
we need binance listing
member
Activity: 219
Merit: 15
Cryptopia updated the wallet: still in maintenance though.
https://www.cryptopia.co.nz/CoinInfo/?coin=GBYTE
Hopefully this will be solved for good!
Cryptopia has a big problem with the quality of their new staff they hired a couple months ago. I wouldn't bet on the fast problem resolution.
legendary
Activity: 2310
Merit: 1422
Cryptopia updated the wallet: still in maintenance though.
https://www.cryptopia.co.nz/CoinInfo/?coin=GBYTE
Hopefully this will be solved for good!
newbie
Activity: 82
Merit: 0

*** YES! We have a new rush trading champion ***

Congratulation to 4GYTFH who broke the previous 641 MBytes record !

780 MBytes 24h net profit with 5 contracts

https://binaryballs.com/common/img/winner.jpg

See contract details on stat page !

https://byteball.fr/bandeau.png


https://i.imgur.com/bXddQoE.png

Thanks for letting know. Yes we've got a problem with the ssl certificate that will be fixed asap...

The ssl certificate issue has been fixed. You can now go and play!
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