Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 82. (Read 1234271 times)

You are contradicting yourself too, if there is no holders then who were those Bitcoin holders who got 65% of all bytes?
If those holders are selling, there should be either huge sell orders or lot of liquidity.

The problem is there is too many holders and not enough actual users. More speculators won't add any users because speculation happens on centralized exchanges and only exchanges benefit from speculators.

There are some use cases and there are some users (500-1000).

anyway where the witnesses guys? No users, no merchants, no speculators, no holders, no witnesses and no adoption. You can not continue to say that speculators donkeys, holders are harmful, merchants are not about cryptocurrency. And that adoption is the main. These are contradictory statements.
without holders you don't have community. Without community you will not have the network effects
without speculators you don't have liquidity. Without liquidity you will not have merchants
without merchants you don't have use cases. Without use cases you will not have users
Without users the coin is a shitcoin. Who will want to be a witness of shitcoin?

Many will agree that this will be the world in which we live now, where people ensuring the workability of payment processors used for illegal activities are imprisoned.
free, uncontrolled money is not what governments want to have. They will break any such system, provided they can.

you do not understand the essence of the written

A witness has to have reputation and be known. It is a matter of image. And government/s has an image too. It has balance.


If each witness node (no person) does their job, they receive aprox 1/12 of the half of fees I post. They need bytes to post each 10 minutes or so. So it will be sustainable because simply users use the system.
This means that even with the node operator in jail, system still working because witnesses operators will have put their node in a safe location, out from the hands of anyone and routed by TOR, like Rogier did.

If witnesses are arrested due to being byteball witnesses, I can guarantee you, world would have become something that you would desire to be in the world of the 1984 novel.

At the time of release I did not own many BTC should not get many Byteball Bytes. Byteball Bytes is a very good coin, I paid attention to it as soon as it started to release. I continue to monitor its price and intend to buy large amounts of Byteball Bytes later this year. Hope somebody will give me good advice.

Ross Ulbricht was not arrested because of Bitcoin, not even through Bitcoin. He was charged with drug trafficing, Mark Karpeles was charged with embezzlement. Roger Ver has convicted because of explosives.
"Cannot guarantee it" is not how governments work, you need to be convicted because of some law. Goal of Byteball witnesses is to have them around the world, so even if one gets arrested for something Byteball unrelated crime, they could be replaced. But if they are already in trouble with law then obviously they are not a good candidate for witness either, hence why they need to be public.

You can be right, but cannot guarantee it.
Decentralized, trustless systems are good because they create a situation in which malicious behavior causes losses, while following the rules makes a profit. Thus, the system remains protected even if each of its participants ready to become malicious.
Your model say "Government won't do any harm because i believe they won't do any harm".
In a crypto community, it is customary to trust systems based on economic initiatives and not on hopes.

Imagine situation. Satoshi, Ross Ulbricht, Mark Karpeles, Roger Ver and 8 other well known people are witnesses of Bitcoin. FBI arrest Ross, shut down SilkRoad. Do you really belive rest of witnesses will not be arrested?

With that Liberty Reserve example, you are missing the key point, they got busted because of money laundering, the same way how exchanges that doesn't require KYC will get busted with money laundering (or no bank will not accept them if they haven't done it). Byteball witnesses have nothing to do with fiat currencies and bots that accept credit cards also do KYC.

20 years of jail

good luck finding people who want to spend the rest of their days in prison

@unicorn

I can't quote all of that since it will take up too much space. People need to scroll up to view the previous post you made.

there is either too much being lost in translation or you simply do not understand what I am saying. Trying to deny what i have merely observed and pointed out is pointless.

Everything I have suggested in the past would have clearly benefitted the project. There is nothing more to be said about it.

No tonych was not naive we had discussed going ahead would land the largest proportions with those ico managers and exchanges.
I am not in favour of airdrops to bitcoin holders anyway just on the basis i would not give the already most wealthy the most.

I am as selfish and greedy as any other normal person here. However arguing against airdropping to btc holders was not in my financial favour since i could have linked a lot more than i did and also it suits me financially better than some of my other suggestions. Wide distributions with no immediate super whales is best.

No need to apologise for your english I can not speak french. I just believe you do not fully understand everything that I am trying to convey.

I have no problem with people saying i want more money for doing nothing. However actually I am not doing nothing and if all the effort I had put into this thread and project had had any effect the real bb holders and enthusiasts would be better off and so would tonych. Also as i have explained people who buy and hold your alt are not doing nothing. They are adding to investor confindence which is a form of free advertising and at this time the most powerful type of advertising. When everyone dumps your project and people see it sinking that is showing a lack of confidence which can self perpetuate strongly.

I would love more money for doing nothing for sure that is not something you should doubt is a primary dream of a great proportion of people in the world.

I really honestly do not see your point that you are trying to make?

Are you saying trying to get people to invest and make it look as attractive as possible to future investors and hodlers is less important than drumming up adoption with baker and piano stores. Well that is useful too but the fast route to the top 50 right now is appealing to speculators and investors. Once there you will give yourselves a lot more financial leverage to develop applications and usage and get the attention of those that already have huge opportunities waiting in terms of adoption.  You will need a lot of volume and value to bring in big adopters.

crypotounicornrider    Date Registered:   12-10-2018
tarm0888                  Date Registered:   12-10-2018


come on guys....

Go on, why stopped? What will happen next?
What can they force those witnesses to do?
Convince all of them to censor some specific transactions?
Even if they manage to convince 7 witnesses to do something that specific, all of those 7 witnesses will be replaced with hard-fork.
Or you expect some witness will give up their position because of the pressure? They will be replaced by Byteball users.
By that time there will be plenty of witnesses to choose, or you think no new witnesses will stand up for that position then?

Maybe here is your answer why nobody cares about Byteball + BISQ + OpenBazaar.

drugs, weapons, blackmail, enraged mob, threats, lynchings, bite ball... your unsconscient neurosis seems heavy.

Maybe, but could you explain us what we can conclude about you with this partial quote :




Ok, maybe I'm foolish but you just confess that you're exclusively focus on speculators.


A free insult, nice argument


I stick about what you said, have you a problem with your past words ?


Indeed, CC markets are driven by speculation, but speculators are not the main target group of the Byteball platform. In fact, Byteball team used them to attract spotlights on the platform. What don't you understand with mass/wide adoption and real world adoption ? Is it too cryptic for your speculator mind ?


So, what want speculators ? Educate me please, because as you noticed I'm stupid and fake.


Everyone is free to spend is money as he wishes.


First honest assertion, indeed, you tried to warn him that Bytes would be concentrated in the wrong hands. But did he do it on purpose or naively?


One more insult, you're so elegant. And what have you explain except your own neurosis ? Should I justify myself to a poorly educated person like you ?


So, newcomers are not welcomed in your world. Thank you for the honesty. It's one more proof about your selfishness and greediness. By the way, my apologies about my bad english, I'm a french speaker.

Everything is on sale!

balls sell off

Hehe, I can already see the first reputable witnesses leaving the bite ball ship as soon as the trade in drugs and weapons increases, the blackmail potential of crypto currencies first becomes known to a wider public, and the state's security organs are terrified. When, in the course of this, the media strike a big blow: "Strawberries, oranges, pears are prepared with needles. In the last two weeks alone, 23 deaths have occurred. Global blackmail gang demands 100 million USD to be paid in a crypto currency of a project called Byteball."

The publicly known witnesses then come into the focus of an enraged mob.
Threats...  maybe even lynchings...

Have fun in the bite ball echo chamber. 

If that is your conclusion it only demonstrates that you are unable to grasp what I have written and likely a lost cause.

The fact that you can't differentiate between quoting a set of unrelated questions that can be answered in in isolation since they are my focus and which I made clear I was addressing - - and a bunch of related material that one needs to read to understand the entire point that is your problem. I think that was clear to most people. You have only made yourself look foolish to conflate the 2 examples as demonstrating the same thing.


Ok just for you ...buttflake

I stick by what I said and it is observably true just by looking at the examples I have given previously.

The greatest advertisement you can have right now is a High MC. (without freak examples none of which bb looks likely to get given right now like front page news on the FT that bb is the answer to fiat replacement) that is simply observable fact. This is a market driven by speculation and investment so if you deny you need to appeal to speculators and investors  - - LOL

I don't know any other person on this forum including you who wants more money for doing nothing. This is a completely foreign concept to every person on this board. I am glad you are here to make sure bb does not appeal to any of those types. The fact you are denying that or hinting it is a terrible thing and that your yourself never consider such things just make you seem even more stupid and fake.

Go find your unicorns elsewhere and ride them hard into financial ruin and exasperation.

Also I have constantly advertised BB and given time and effort trying to stop tonych doing thigns like giving it all to other ico managers, appeal to noobs that consider bb more expensive that iota and other things of vital importance.

What have you done noob trash? waste peoples time explaining things to you that should be obvious.

Also I am very suspicious of several low post low merit accounts with the same type of just about English all arriving on this thread with more or less the same protectionist unreasonable illogical thought patterns. This is likely the same person.

https://steemit.com/byteball/@barborrico/witnesses-in-byteball-and-ii

Oh, really??!?! I didn't know it!!!

You are wrong. As a result of an international mass adoption, there would be economic incentives that would impede such scenario.

Negative... and talking about the result of an international mass adoption... no comment

Time will tell, don't worry.

Most is different from all. They don't agree on nothing.

Did explicitly agreed states on this? I don't think so.


Yes, yes, state is god.


What happened with confirmed transactions? Destroyed.

The same would not happen with byteball. Witnesses have nothing to say about/they can't harm already confirmed transactions. CANNOT.

Panic? For sure. Unrecoverable error? Not at all. Platform broken? Don't make me laugh...