Obyte: Totally new consensus algorithm + private untraceable payments - page 27.

ifinta

full member

Activity: 734

Merit: 109

Quote from: tarmo888 on November 26, 2019, 04:59:08 AM

Quote from: ifinta on November 25, 2019, 05:05:25 PM

FYI

Quote from: ifinta on November 25, 2019, 04:58:26 PM

Quote from: Bitcoin_Arena on November 25, 2019, 04:19:18 PM

Quote from: ifinta on November 25, 2019, 03:08:52 AM

Yes, this thread is a scam accusation, but at the start I wasn't able to decide it.
......
But IOTA is a simple scam, I taste it already.

Then do the needful like first changing your Title. I doesn't seem to suggest that IOTA is scam, does it?

Quote from: ifinta on November 25, 2019, 03:08:52 AM

bitcointalk.org should show, IOTA is a scam, ... We should consider it already.[/b]

Scam is not morderated here so don't expect admin to do anything about it. It's your duty as a member to create a scam accusation with clear evidence and proof that a project is scam is you have been scammed or believe people are likely to be scammed.

Please. I did.

IOTA is scam because IOTA isn't a DLT, but listed, managed as a DLT, since YEARs here, on bitcointalk.org at this time also. Please ADMINs, do what is to do, in a such situation. We (community of bitcointalk.org) shouldn't scam people with scam projects as IOTA i.e. ...

How is this related to Obyte? Is this an invitation to call IOTA a scam? In Obyte thread?

IOTA is probably not a scam, but that's pretty much the only good thing to say about it. The words "scam" is so misused by cryptocurrency people. Like the quote above, "delusion" is more accurate word. IOTA is DLT, just not very good one.

OByte use DAG as IOTA trying also to use - since years, but IOTA can't solve DAG well. IOTA seems to be the "first" and "big" DAG project, but IOTA isn't a true DLT, because the centralized structure through Coordinator. IOTA will be sold as DLT, but IOTA isn't a DLT project. So is IOTA a simple scam.

whotheff

member

Activity: 762

Merit: 35

Last time I visited this thread was a year ago.
As far as I can see people here are still arguing if Obyte
is scam or not, if management decisions are good or not.

Either a lot of people invested and are now dissatisfied due to price
or there is something wrong with the whole coin.

Whatever it is, Obyte is a popular coin, using different (than most) distribution method
which will bring variety to the whole blockchain experiment. Good luck.

tarmo888

full member

Activity: 563

Merit: 103

Quote from: ifinta on November 25, 2019, 05:05:25 PM

FYI

Quote from: ifinta on November 25, 2019, 04:58:26 PM

Quote from: Bitcoin_Arena on November 25, 2019, 04:19:18 PM

Quote from: ifinta on November 25, 2019, 03:08:52 AM

Yes, this thread is a scam accusation, but at the start I wasn't able to decide it.
......
But IOTA is a simple scam, I taste it already.

Then do the needful like first changing your Title. I doesn't seem to suggest that IOTA is scam, does it?

Quote from: ifinta on November 25, 2019, 03:08:52 AM

bitcointalk.org should show, IOTA is a scam, ... We should consider it already.[/b]

Scam is not morderated here so don't expect admin to do anything about it. It's your duty as a member to create a scam accusation with clear evidence and proof that a project is scam is you have been scammed or believe people are likely to be scammed.

Please. I did.

IOTA is scam because IOTA isn't a DLT, but listed, managed as a DLT, since YEARs here, on bitcointalk.org at this time also. Please ADMINs, do what is to do, in a such situation. We (community of bitcointalk.org) shouldn't scam people with scam projects as IOTA i.e. ...

How is this related to Obyte? Is this an invitation to call IOTA a scam? In Obyte thread?

IOTA is probably not a scam, but that's pretty much the only good thing to say about it. The words "scam" is so misused by cryptocurrency people. Like the quote above, "delusion" is more accurate word. IOTA is DLT, just not very good one.

ifinta

full member

Activity: 734

Merit: 109

FYI

Quote from: ifinta on November 25, 2019, 04:58:26 PM

Quote from: Bitcoin_Arena on November 25, 2019, 04:19:18 PM

Quote from: ifinta on November 25, 2019, 03:08:52 AM

Yes, this thread is a scam accusation, but at the start I wasn't able to decide it.
......
But IOTA is a simple scam, I taste it already.

Then do the needful like first changing your Title. I doesn't seem to suggest that IOTA is scam, does it?

Quote from: ifinta on November 25, 2019, 03:08:52 AM

bitcointalk.org should show, IOTA is a scam, ... We should consider it already.[/b]

Scam is not morderated here so don't expect admin to do anything about it. It's your duty as a member to create a scam accusation with clear evidence and proof that a project is scam is you have been scammed or believe people are likely to be scammed.

Please. I did.

IOTA is scam because IOTA isn't a DLT, but listed, managed as a DLT, since YEARs here, on bitcointalk.org at this time also. Please ADMINs, do what is to do, in a such situation. We (community of bitcointalk.org) shouldn't scam people with scam projects as IOTA i.e. ...

naska21

hero member

Activity: 1358

Merit: 635

Quote from: tarmo888 on November 24, 2019, 05:25:30 AM

Quote from: naska21 on November 24, 2019, 04:12:54 AM

Hi, I'm thinking of passing my cryptocapital on to my grandchildren when the time comes and wonder whether that possible with any contract on Obyte platform?

It is, but the features that enable this kind of thing are currently available only on testnet, so you will need to wait a little bit more with the dying until it gets released to mainnet Tongue

https://medium.com/autonomous-agents-powered-by-obyte/using-aa-for-gbytes-heritage-32a298a49cd8

Thanks, I'm not going to die and asked cuz the topic how to pass cryptocurrency on to heirs is widely discussed by users of Russian board , and now, I can tell them of the available solution designed on Obyte platform.

tarmo888

full member

Activity: 563

Merit: 103

Quote from: naska21 on November 24, 2019, 04:12:54 AM

Hi, I'm thinking of passing my cryptocapital on to my grandchildren when the time comes and wonder whether that possible with any contract on Obyte platform?

It is, but the features that enable this kind of thing are currently available only on testnet, so you will need to wait a little bit more with the dying until it gets released to mainnet Tongue

https://medium.com/autonomous-agents-powered-by-obyte/using-aa-for-gbytes-heritage-32a298a49cd8

naska21

hero member

Activity: 1358

Merit: 635

Hi, I'm thinking of passing my cryptocapital on to my grandchildren when the time comes and wonder whether that possible with any contract on Obyte platform?

tarmo888

full member

Activity: 563

Merit: 103

Quote from: tbct_mt2 on November 08, 2019, 03:06:46 AM

Quote from: tarmo888 on November 08, 2019, 12:20:00 AM

There is no hard-coded limits how much TPS Obyte network can handle, just SSD and CPU are the limits.

It means when Obyte becomes more common in crypto, and more people use the coin for their transactions beside trading, I think there are minor risks of network congestion. Technically, the quality of hardware partially determine speed of confirmation. I consider it as minor risks because I think nowadays most of people and crypto enthusiasts in particular use devices that are good enough to process required things, on Obyte network, in particular.

No, the quality of the hardware doesn't affect the confirmation speed.
Confirmation speed is linked to how fast the main chain index grows, basically how many serial transactions are made by different wallets.
Quality of hardware doesn't affect the TPS either, type of disk, database, CPU and optimizations of the software code determine that. At the moment, current tech stack is fine because we don't use even 1/30 of the capability. In the future, other implementations using different tech stack can be written for Obyte protocol.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: tarmo888 on November 08, 2019, 12:20:00 AM

There is no hard-coded limits how much TPS Obyte network can handle, just SSD and CPU are the limits.

It means when Obyte becomes more common in crypto, and more people use the coin for their transactions beside trading, I think there are minor risks of network congestion. Technically, the quality of hardware partially determine speed of confirmation. I consider it as minor risks because I think nowadays most of people and crypto enthusiasts in particular use devices that are good enough to process required things, on Obyte network, in particular.

Quote

Yeah, OP probably needs to be updated, but the most up-to-date exchanges are on English language page, some other languages are not even rebranded to Obyte. https://obyte.org/#exchanges

Volume is kind of catch-22, without volume, there is little interest and can't get more volume because there is not enough interest. Adding a coin to random exchange won't magically make more volume, unless you pay for wash trading service, which many un-regulated exchanges offer. The more people use available coin swapping services, the more volume there will be on Bittrex because most of them are connected to Bittrex anyways.

Exchanges themselves can not help price and volume increasing but there is a mutual correlation between volume, price and interests from community. Without interest, people will not buy, invest or trade that do affect volume; without volume people will hesitate to buy, trade and invest that in turn will affect back to volume. Volume and interests together will affect price of Obyte.

tarmo888

full member

Activity: 563

Merit: 103

Quote from: tbct_mt2 on November 07, 2019, 08:42:53 PM

I am interested in the confirmation time that presented in Obyte's Whitepaper (at the page #19) as below

Quote from: https://obyte.org/Byteball.pdf

We estimate the best confirmation times to be around 30 seconds; this is only reachable if the flow of new units is large enough so that the witnesses earn more from witnessing commissions than they spend for posting their own units.

So in real time, and in average speed, how long does it takes to get confirmation for one transaction with Obyte?
I wonder that the DAG-based blockchain still has risks of network congestions, right? Temporarily, network congestion maybe not a big problem with Obyte network but in the future the team should have plans to prevent it happens.

I could be wrong, but I understand that 30 seconds confirmation speed needs around 3 serially posted transactions per second, continuously. I think the witnesses are coded that they will not post themselves faster than once in 30 seconds and they are also coded that if there is not enough transactions then they post at least once in 10-20 minutes. So, the current confirmation speed we see is purely because there is not enough constant usage on Obyte network even though Obyte nodes can handle constantly 30 TPS (and much higher temporary peaks). There is no hard-coded limits how much TPS Obyte network can handle, just SSD and CPU are the limits.

Quote from: tbct_mt2 on November 07, 2019, 08:42:53 PM

Suggestion:
The list of exchanges in OP should be updated.

Cryptopia should be delisted
Bit-Z exchange should be added: https://www.bit-z.com/exchange/gbyte_btc

Volume of Obyte is too low and concentrated on the Bittrex exchange. I hope that Obyte team can spread the coin to other exchanges with good volume. Volume is source of growth for any coin, and it is extremely ridiculous to see the very low daily volume of a good coin like Obyte

Yeah, OP probably needs to be updated, but the most up-to-date exchanges are on English language page, some other languages are not even rebranded to Obyte. https://obyte.org/#exchanges

Volume is kind of catch-22, without volume, there is little interest and can't get more volume because there is not enough interest. Adding a coin to random exchange won't magically make more volume, unless you pay for wash trading service, which many un-regulated exchanges offer. The more people use available coin swapping services, the more volume there will be on Bittrex because most of them are connected to Bittrex anyways.

tbct_mt2

hero member

Activity: 2366

Merit: 838

It is a very detailed, succint and interesting presentation, I like it. Congratulations, tonych!

I am interested in the confirmation time that presented in Obyte's Whitepaper (at the page #19) as below

Quote from: https://obyte.org/Byteball.pdf

We estimate the best confirmation times to be around 30 seconds; this is only reachable if the flow of new units is large enough so that the witnesses earn more from witnessing commissions than they spend for posting their own units.

So in real time, and in average speed, how long does it takes to get confirmation for one transaction with Obyte?
I wonder that the DAG-based blockchain still has risks of network congestions, right? Temporarily, network congestion maybe not a big problem with Obyte network but in the future the team should have plans to prevent it happens.

Suggestion:
The list of exchanges in OP should be updated.

Cryptopia should be delisted
Bit-Z exchange should be added: https://www.bit-z.com/exchange/gbyte_btc

Volume of Obyte is too low and concentrated on the Bittrex exchange. I hope that Obyte team can spread the coin to other exchanges with good volume. Volume is source of growth for any coin, and it is extremely ridiculous to see the very low daily volume of a good coin like Obyte

tonych

legendary

Activity: 965

Merit: 1033

A recent presentation I gave at Decentralized conference in Athens:

https://medium.com/obyte/from-blockchain-to-dag-getting-rid-of-middlemen-28afa7563545

tarmo888

full member

Activity: 563

Merit: 103

Quote from: cryptohunter on November 06, 2019, 01:44:08 PM

If we are solid on bittrex then that is good.

Bittrex is solid, but last year they de-listed many coins which couldn't prove that they are not a security and recently they moved their non-US legal entity from Malta to Liechtenstein (Obyte Foundation and its bank account is also in Liechtenstein). https://medium.com/bittrex/bittrex-international-update-bittrex-global-launch-2f64fca503fd

With the change of legal entity, they also stopped to service certain country residents https://bittrex.zendesk.com/hc/en-us/articles/360034965072-Important-Information-for-Bittrex-International-Customers
If you are in any of these listed countries, you have until November 18 to withdraw all your cryptocurrencies. So, I would not recommend holding any crypto on any exchange for other than when you need to actually exchange it, no matter how solid they are. Keeping Obyte on centralized exchanges doesn't make any sense either because it is cheap to send and doesn't take more than 15-20 minutes to be fully confirmed.

For those who have trouble accessing Bittrex US or Bittrex Global, there are multiple coin swapping services listed on Obyte website. https://obyte.org/#exchanges

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: hd49728 on November 04, 2019, 04:50:18 AM

Quote from: scambust on November 01, 2019, 03:51:20 PM

Oh, hey Cryptohunter is back! This must mean altcoin season is not far off.

Really?

I have never had any experience with altcoin season and the activity of Cryptohunter in the forum. Can you clarify a little bit about that correlation between altcoin season and Cryptohunter, please.

Quote

And I believe Obyte is in a position to rally among the first coins in the new season. I would forget about Bittrex, the listing there doesn't help spread awareness. The better exchange would be Binance if someone would just introduce Obyte to the exchange owners.

First or not, I don't care. What I care about is how many percentage Obyte will rally when it does it, that's all I need for my investment with Obyte.
Binance is a great exchange for Obyte even their total daily liquidity has fallen recent months and I would prefer to see Obyte on Binance someday.

I think binance likely has a lot of "their own " volume. I mean look how they treated blocknet.

If we are solid on bittrex then that is good.

Good to hear their is a good amount of development taking place.
Still stocking up to replenish what those scumbags at cryptopia grabbed.

It's all well saying remove the BB from exchanges, everytime I had attempted this from there is had wallet offline. Admittedly that was quite a while back before I took some time out.

I am going to consolidate into only the most promising and durable long term projects now. The dilution death of alts will bring the rest to zero over time.

Good to see some community actions still here. A lot of projects even good ones communities are pretty much dead.

Of course they will return with the next alt wave but they are killing the chances of their project getting a good pump and all the advertising that comes with it by letting it sink off a cliff however dull the alt market is right now.

Even great projects require some adoption or at least long term holders that give something back.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: scambust on November 01, 2019, 03:51:20 PM

Oh, hey Cryptohunter is back! This must mean altcoin season is not far off.

Really?

I have never had any experience with altcoin season and the activity of Cryptohunter in the forum. Can you clarify a little bit about that correlation between altcoin season and Cryptohunter, please.

Quote

And I believe Obyte is in a position to rally among the first coins in the new season. I would forget about Bittrex, the listing there doesn't help spread awareness. The better exchange would be Binance if someone would just introduce Obyte to the exchange owners.

First or not, I don't care. What I care about is how many percentage Obyte will rally when it does it, that's all I need for my investment with Obyte.
Binance is a great exchange for Obyte even their total daily liquidity has fallen recent months and I would prefer to see Obyte on Binance someday.

XCASH

legendary

Activity: 929

Merit: 1000

Quote from: DaMut on November 02, 2019, 03:06:19 AM

I found a project named Obyte and they are using the same description with this project, is this the same thing or not?
look at this https://bitcointalksearch.org/topic/--5197963

The mods must have deleted it. This is what that link leads to now.

Quote

The topic or board you are looking for appears to be either missing or off limits to you.

naska21

hero member

Activity: 1358

Merit: 635

Quote from: tarmo888 on November 02, 2019, 05:28:33 AM

Quote from: DaMut on November 02, 2019, 03:06:19 AM

I found a project named Obyte and they are using the same description with this project, is this the same thing or not?
look at this ...

Why would it be a same thing if the original thread is here? Don't install apps from random Bitcointalk threads that use the same name as original project.

That thread says almost the same words about Obyte but don't even mention the original topic. That is why it looks very suspicious for me and I wouldn't just install but even follow any link over there.

tarmo888

full member

Activity: 563

Merit: 103

Quote from: DaMut on November 02, 2019, 03:06:19 AM

I found a project named Obyte and they are using the same description with this project, is this the same thing or not?
look at this ...

Why would it be a same thing if the original thread is here? Don't install apps from random Bitcointalk threads that use the same name as original project.

DaMut

sr. member

Activity: 1274

Merit: 263

I found a project named Obyte and they are using the same description with this project, is this the same thing or not?
look at this https://bitcointalksearch.org/topic/--5197963

scambust

legendary

Activity: 1652

Merit: 1007

Oh, hey Cryptohunter is back! This must mean altcoin season is not far off. And I believe Obyte is in a position to rally among the first coins in the new season. I would forget about Bittrex, the listing there doesn't help spread awareness. The better exchange would be Binance if someone would just introduce Obyte to the exchange owners.

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 27. (Read 1234271 times)