Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 816. (Read 1234271 times)

Is it possible without global coordination?

These types of uninformed opinions keep pop up here. How about forming cartel without anouncing it on TV news? Once cartel is formed the only way to get rid of it is to fork aka making schism.

The users can gradually replace witnesses one by one, which should prevent cartels.

There are 12 witnesses. And yes, we all have to trust them. Moreover they can form a cartel. Security is not the biggest advantage of byteball. Security weakness related to witnesses will be the never ending story regarding byteball in the future. Its implications have not been thoroughly realised by most users yet.

Byteball was not designed with the type of "impossible to shut down" feature like bitcoin. It was built with "amazing applications possible" features in mind. It is a system that intends to be embraced by the legacy financial institutions (not to fight them) and cooperate with regulatory bodies.

Ok got it. It's still very liquid and price are very different at the moment. I would like to wait 2 or 3 more distribution rounds before deciding anything about them. thx

I read the white paper. First, I must say, great work of the developer Tony. The most comprehensive crypto currency paper I have read so far.

I especially tinkered a little with the structure of the DAG approach and how trustworthy it is.
According the white paper, the main chain is pillared by the witnesses. Witnesses are reputable users with real-world identities. How are the identities checked?

...and users who name them expect them to never try to double-spend.

I have to trust the witnesses when I send a transaction.
Does the trust refer to native-currency bytes only or is the procedure also applied to black bytes?

...observe that some of the participants [witnesses] of our network are non-anonymous reputable people or companies...

How many witnesses will there be? Assuming that there are 30, then at least 16 must behave as expected.
What if there is a big attack and those 16 reputable users or companies get compromised?

You're just right. We are at refueling the boosters and load the second and third stage.

For real world access we will use a multistage rocket (https://en.wikipedia.org/wiki/Multistage_rocket ):

•   Liquid boosters = works with Community Network Effect (top 30)
•   first stage = big Exchange engine (works with the troll and Bittrex/Polo-Effekt) (top 20)
•   second stage = the reliable Altcoin Trader engine (top 10)
•   third stage = the very proven BTC Holder power-engine  (for constant pressure when leaving the gravity) (top 5)
•   fourth stage = developer power (top 3)
Chef developer Anton Churyumov could implement some promising further developments:
https://medium.com/byteball/making-p2p-great-again-fe9e20546a4a#.hoxctwrxu
https://medium.com/byteball/making-p2p-great-again-episode-ii-bitcoin-exchange-d98adfbde2a5#.y12zksql5

Status of loading liquid boosters: http://slack.byteball.org/
Status of loading first stage:
Status of loading second stage: https://cryptox.pl/
Status of loading third stage: http://transition.byteball.org/

Otherwise, we perform engine tests to determine parameters and generate attention:



Current parameters here: https://coinmarketcap.com/currencies/byteball/
If you want to link your BTC: The third stage is loaded by a bot(see OP). Talk to him (see OP), he will give you further instructions.

https://cryptox.pl/

super slow
seems the exchange is down ?

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Edit: Added Proof of Dev/Identity Disclosure to all spotlights.

Edit: Updated to reflect our ability to verify identity since PoD services are disappearing

Edit: Added a question about premines

Edit: Clarified identity disclosure for premines

Edit: Clarified symbol length for coin tickers

Edit: Made developer identification mandatory

Edit: Added questions around crowdfunds

Edit: Added questions for ETH tokens

can we just donate 3 btc to ask bittrex list it ?

or we have to wait for next year?

Thanks!  If anyone else is wondering this, I was able to sign a message from Coinbase's cold storage and transition bot said "The signature is OK. If you have more than one Bitcoin address and want to link another one, let me know this address."

Glad to be a part of ByteBall

can you sign with your adr? then yes. I doubt it, since coinbase owns the coins you send them.

I have to say I'm really impressed by this project. Byteball has novel ideas, extensive documentation, there is no bullshitting as the system is already working and really advanced. It is basically the opposite of the shitty ICOs that are all the rage now.
I downloaded the desktop client, chatted with the bot and bought Bytes, installed the Android app, paired them, chatted with myself and transferred bytes. And all this exercise was done within MINUTES after I discovered Byteball and it worked flawlessly. Compare this to shitcoins that you have to sync for days just to create a wallet address. Byteball is so simple to use that theoretically this could be done by ordinary people, something that other coin makers are always putting at the end of their roadmaps (usability for the masses as the big crypto dream).

Byteball is far, far more advanced then other projects while being just released. Tony has put alot of work into this project and still does. He clearly has a plan and is executing it. I think this project will hit the market hard in 2017 or 18, and many people wont know what hit them or where it came from.

Considering that the most rounds of distribution are yet to come I think it is a great buy.

Hey guys, sorry for a silly question, but is there anyway to link our BTC locked up in Coinbase cold storage account to be eligible for the ByteBall distribution?

exactly, follow the instructions on the website

Hi guys, looking at topics for the next episode of the Crypto Times and looking at ByteBall.

So how does this work?  You just link it to your BTC address to get issued some bytes?

Hi, am I to late to buy this for a fair price?    How much did I miss out by not caring about this last year when I first saw it?

I would love to see something like that in the future.. but with bytes..
https://www.youtube.com/watch?v=2PYBCfLZLiY

And bluetooth or NFC pairing for "on street" exchanging blackbytes.

No need to be rude.

Like a snowball. Byte. Ball. More transctions more balls.

Nothing just a trap it happening into this month take a deep look what whales are doing. With this new trick they are making profit but it's good for me when rate goes down I'm converting it into Byteball.