Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 742. (Read 1234285 times)

I was wondering why there aren't any exchanges where you could exchnage blackbytes. Does something technical stuff prevent them from doing so?

Apart from securing the network, what benefit does being a witness bring?

Little addition -to keep you (every Newbie) from anger and disappointment

1.To get new bytes, it is sufficient to hold bytes at an arbitrary BB address - nothing to do
2.To get also blackbytes, it is necessary that this BB-address is linked.

Linked means the address is known to the bot.
The bot knows an address, when the BB-address is linked to one or more Bitcoin address(es).
Whether the Bitcoin address is empty or contains a value does not matter.

Note "purchased bytes":
If someone buys bytes and never linked a BTC address, he will receive only new bytes!
It is not possible in this case to distribute blackbytes (private currency). According to point 2 you have to link the BB address to receive also Blackbytes.

Note "Address change"
Maybe you are an active trader, at each transaction the Bytes will jump around between the BB-addresses (same as in a BTC-wallet).

In this case, before the snapshot, you have to make sure that the BTCs (to receive Bytes) and the bytes
(to receive also Blackbytes) are consolidated on an arbitrary linked addresses.
Therefore, there is always the hint to chat with the bot just before the snapshot (to check the balance).

I know, the question was about the current state of things.

You would miss blackbytes distribution.

You can help witness diversity by setting you home hub to byteball.fr/bb and allow "auto uptade witness from hub". This will add our witness to you wallet witness list.

If I will go from full to lite client will I lost my BB or not?

Was there any progress in this area:


Do the devs still control the majority of the witnesses? Is it really 12 servers or it's 12 processes running on a single machine or maybe it's even 1 process on 1 machine that uses 12 identities?

Can someone interpret this for me? Does this mean bytes will earn more or less than 10% going forward. The way it is worded is slightly confusing to me. 

I REALLY don't like that you took 1 line out of my statement from some other discussion and used it over here.

Don't understand all the mud slinging crap between SatoNatomato and Cfb. The two of you should just go get a room or something.

Byteball is centralized in 12 servers so it's extremely hard to take it seriously as more than an interesting experiment to see how it's version of DAG works out. If it ever actually got to the point someone could make big time money from it, and being the way people are, they could easily co-opt enough of those servers to take control.

IOTA. Already controversy over it's initial distribution and I hear CfB had shopped around for sock puppets to help out with that. Haven't even got to the point of looking into those allegations yet but that's what I already hear. Plus he seems more interested in FUDing Byteball than talking about IOTA in his own thread. I haven't even gone back there yet to continue to try and get some answers to my questions as no one seems interested in discussing anything technical about it. IOTA starts as centralized and only stops IF the hash power gets high enough. If it grows to the point where it's not really feasible for most people to run a full node, it ends up gravitating towards a small number of people running nodes and/or "pools" of people running some form of distributed nodes. i.e. it moves towards the current bitcoin mining situation (centralization).

Even with my current limited knowledge of both, I see flaws in both and all the FUDing is just a huge distraction to trying to discuss any of it.