Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 412. (Read 1234315 times)

if I notice the Byteball price trend is almost the same as the Populous World, June, July and August skyrocket but after that the price continues to fall. What can we do to return the price like last july?

Yes, as a matter of fact the market is now pricing in the end of the BTC-related airdrop. A huge drop was expected for the end of the airdrop in several months from now, but the changing of rules has anticipated this moment. Now we have to patient before a new equilibrium is reached.

While I have outed myself as a massive FANBOY of Byteball I want some basic information availabe to everyone. I would point out that your meetup is a good representation at the current level
of awareness.

There may at some point arrive hard pissing matches who was the first.
https://en.wikipedia.org/wiki/Directed_acyclic_graph
The concept is as you can see ... older.
It is hard to say who started development first.
Iota was the first to announce their project.
Byteball was first to arrive on marketplace.

Here you can look at some of the early mostly impartial or partially partisan writeups which are only somewhat outdated:

mostly impartial but be aware that tangleblog has a "buy Iota" written on its front page.
http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/  
with related discussion
https://bitcointalksearch.org/topic/honest-comparison-of-iota-vs-byteball-1888773

byteball partisan
https://steemit.com/cryptocurrency/@jimmco/byteball-vs-iota-battle-of-two-dag-cryptocurrencies

Here is another discussion the Iota reddit had on the topic of comparision
https://www.reddit.com/r/Iota/comments/6l06su/iota_vs_byteball/
you can use it to contrast the previous two articles.
Takehome messages here is for example that "Byteball 1% premine" vs. "IOTA 5% Devfund" are again partisan statements.

Portabella (one of the byteball witenesses) wrote the following summary:
https://byteroll.com/comparison-iota

If i can add my 2 cents to the current situation:
Both are independent projects. So comparisions are a bit ... funky.

Iota is a full funded ICO "foundation driven" investment vehicle with a 'mostly' clear cut specific (read: limited) usecase in mind.
It has made a lot of people alot of money and expect that any attack on it is an attack on them. Most of the links I have
given you are from Iota related webpages. They discuss the issue alot more than the Byteball community.

Byteball is a community driven ambitious young fresh take on what a Cryptographic Project can be and is currently
bootstrapping itself into existance. It has a long way ahead of itself and the projects I have seen myself convinced me
to take a strong stand in it. Future is already here, it is being distributed as we speak and more independent development is
in several chaotic pipelines. We can see what sticks. And we can get it done without running after any ICO maddness.

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Is it my impression, or someone is using the DagCoin abandoned thread, and DagCoin's name, to promote some MLM scam?

The concept was around before both these projects: https://bitcointalksearch.org/topic/dagcoin-a-cryptocurrency-without-blocks-1177633

If i'm not missing something, the difference is basically in the witnesses and distribution mechanism.

BB is innovative and has its own blockchain. This DAG thing will help bitcoin blockchain a lot, people will find the advantages eventually, maybe the future mainstream is DAG.

Super cool, gonna go try this one out!

These bots are aaamazing.

I was speaking about byteball at a meetup tonight and i was told that it is inspired by iota. I can see iota is referenced in the whitepaper. So i am assuming the statement was correct. What makes it different. Im sorry if this has been asked before. perhaps you can point me in the right direction to learn more.

Glad you got it working.

If you want a full node, there is a couple of work-arounds.

Pretty much wallet would crash upon initial syncing of the 'full' wallet.

Deleted the byteball %appdata% and reinstalled the 'light' wallet and everything works.

Restore from full backup or seed?

Using a full node?

Need more details than 'poof'

You're welcome to send me the wallet and I will see what I can do for ya.

Hi,

Everytime I go to restore my encrypted backup my byteball wallet goes "poof" and disappears.

Solution?

I thought the month off of airdrop would be good for the price but I couldn't have been more wrong. I think it's probably best that the coins are just handed out quickly without messing around with cashbacks. I hope that Steve Safronov has been working on some nice ICO/ token sales on Byteball... all this coin needs is a couple big token sales and gamblers to notice the platform is ideal for gambling and this coin is going back to the moon 

It was not just the skipped airdrop. It was also the drop in the Bitcoin:BB distribution ratio. The correction was inevitable once the airdrop (almost) ended, but I didn't expect such a drastic drop with the change in distribution formula.

True. It looked like it was gonna go back up yesterday with almost a full day of green %ages on CMC and was ready to have my GB < 0.03 prediction squashed but BTC clearly had other plans.


I'm not too sure its reputation as an altcoin affects it as much as its reputation as an airdrop coin. I haven't confirmed it but I think GBYTE has got to be the worst affected coin since BTC began its rise in July/August. The skipped (totally understandable) airdrop definitely didn't help.

When BTC skyrockets alts get always left behind, always. Byteball is known, unfortunately, as an altcoin although it has completely different characteristics compared to bitcoin. But traders and speculators are the market makers here. They pumped byteball hard in June/July to profit from the hype and they made it.
This is not a good time for Byteball but this is another coin to hold
 

In Slack the question of Lightning Network was raised, too. Here is a snipet.

Bakibyte: The essence is not in DAG, the essence of the scaling. Everyone screams that their technology is steeper, only the technology can not be modeled, it can be copied. There is no reason to assume that the DAG is the solution to the scaling problems. Bitcoin can be scaled simply by increasing the block and this will increase the data for storage. Byteball will also be scaled by increasing the storage of transaction data, what's the difference? Do not always repeat the DAG, as if pronouncing a drug. There are crypto-currencies with good technologies, but generally with a poor implementation.
The bitcoin can be scaled as follows. The use of LN will give any number of transactions and if you fix transactions in the block chain of the transaction once a month and increase the block to 50 megabytes, you can serve 500 million users.

Me: We can bath in as much essence as you want. Lets have a lightning drug session then:
You just got a private key bounced your way. Haven't changed a thing to the underlying Blockchain. Public ledger need not update. No further mining required - until you do.
But don't worry. It will take the next Blocks (picture busses) when they:
1. Have free space
2. You payed for a ticket
3. They leave the station.
Is that as elegant as a private fast shuttle that leaves when you need it?

The LN transactions will have to prove their safety in the market first. LNs stopped scaring me a while ago. Put them into action  please!
The great once a month mining sounds a bit like my monthly paycheck. All proper accounted for - once a month.

And the once a month mining will not scale Back the hardware or the fees, otherwise 51% attack becomes a problem again.
Look, Blockchains successfully threaten the world economy by decentralisation. But at a price of running around with a handgranade without a fuse. Its its fate waiting at the gates. No amount of LN will get them out of this chinese fingertrap. And there is no LN without an underlying Blockchain.
And at that moment of "the great accounting" you will have to wait extralong for all other transactions. Somehow it does not sound that appealing to me.
*takes another toke of DAG... Jummy*

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This is just the painful way in which what's wrong is getting corrected. The wrong thing is that there are sooo many people who have adopted Byteball only for short term speculation purposes, and they are now selling to those who are interested long term, who are less and so the price is tanking. At some point, in an either near or distant future, only holders will be left and price will raise again.