Obyte: Totally new consensus algorithm + private untraceable payments - page 858.

Come-from-Beyond

legendary

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Newbie

Quote from: SatoNatomato on March 01, 2017, 04:29:24 AM

Byteball database does grow fast, it can compress well, there can be other implementations to make it even smaller.

Text is compressed much better than JPG photos. And you can't compress below some threshold if you use lossless compression. Maybe read basics of https://en.wikipedia.org/wiki/Information_theory before posting misleading "information"?

SatoNatomato

sr. member

Activity: 378

Merit: 250

Quote from: escapefrom3dom on March 01, 2017, 03:51:05 AM

Quote from: davidoski on March 01, 2017, 12:42:55 AM

Quote from: dfd1 on February 28, 2017, 02:04:31 PM

Quote from: Krypt on February 28, 2017, 08:11:33 AM

Quote from: dfd1 on February 28, 2017, 05:56:24 AM

Is DAG somehow limited in size, or someone can make billions of transactions and bloat it?

Please read the OP:

Quote from: tonych on September 05, 2016, 11:00:28 AM

The fees paid for storing one’s transactions (or any other data) in the Byteball database are equal to the size of the data being stored. If the size of your transaction data is 500 bytes, you pay exactly 500 bytes (the native currency of Byteball) in fees.

So what? With a fee of 50$ someone can make DAG twice as big overnight? With a fee 500$ can make it 10 gb more? There is people who can do this just for fun. Is there some prunning mechanism what will allow to cut old transactions from database?

There isn't. I'm pointing this out for a long time but nobody is listening. Byteball has the same scalability problem like any other blockchain with adjustable blocksize limit. Database grows indefinitely and hardware and bandwith are the limiting factors. Moreover if somebody wants to attack byteball by sending huge data to the database it''s pretty easy and cheap at the current price. 8 years old Bitcoin blockchain nears 100 GB and you can make byteball database that big in 1 day for just $6700.

we definitely need an explanation from dev about it.

I dont think the problem exists today, of too fast growth too big load on nodes, hence low priority task. 100GB for bitcoin database is small anyway, compare with how much storage a random bank requires to run its business? Byteball database does grow fast, it can compress well, there can be other implementations to make it even smaller.

It is true the price to add shit to the database to make it grow even more is small compared to how much load/wasted-space it will cause on hubs and full wallets today, but the price is expected to rise and make such attacks more costly. I guess, even today the price is 6700 but still those 6700 are more worth for something else than to attack Byteball.

escapefrom3dom

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Activity: 1932

Merit: 288

Quote from: davidoski on March 01, 2017, 12:42:55 AM

Quote from: dfd1 on February 28, 2017, 02:04:31 PM

Quote from: Krypt on February 28, 2017, 08:11:33 AM

Quote from: dfd1 on February 28, 2017, 05:56:24 AM

Is DAG somehow limited in size, or someone can make billions of transactions and bloat it?

Please read the OP:

Quote from: tonych on September 05, 2016, 11:00:28 AM

The fees paid for storing one’s transactions (or any other data) in the Byteball database are equal to the size of the data being stored. If the size of your transaction data is 500 bytes, you pay exactly 500 bytes (the native currency of Byteball) in fees.

So what? With a fee of 50$ someone can make DAG twice as big overnight? With a fee 500$ can make it 10 gb more? There is people who can do this just for fun. Is there some prunning mechanism what will allow to cut old transactions from database?

There isn't. I'm pointing this out for a long time but nobody is listening. Byteball has the same scalability problem like any other blockchain with adjustable blocksize limit. Database grows indefinitely and hardware and bandwith are the limiting factors. Moreover if somebody wants to attack byteball by sending huge data to the database it''s pretty easy and cheap at the current price. 8 years old Bitcoin blockchain nears 100 GB and you can make byteball database that big in 1 day for just $6700.

we definitely need an explanation from dev about it.

kamiyama

sr. member

Activity: 742

Merit: 251

Quote from: CryptKeeper on March 01, 2017, 02:10:34 AM

Quote from: kamiyama on February 28, 2017, 09:00:37 PM

Where can I learn the wallet recovery procedure?

If you have a backup from version 1.4.0 of the wallet, there is nothing to learn. You restore from the backup file and your wallet content will be overwritten with the content from the backup.

I feel like I really learned something today. You're awesome!

CryptKeeper

legendary

Activity: 2044

Merit: 1055

Quote from: kamiyama on February 28, 2017, 09:00:37 PM

Where can I learn the wallet recovery procedure?

If you have a backup from version 1.4.0 of the wallet, there is nothing to learn. You restore from the backup file and your wallet content will be overwritten with the content from the backup.

davidoski

sr. member

Activity: 297

Merit: 250

Quote from: dfd1 on February 28, 2017, 02:04:31 PM

Quote from: Krypt on February 28, 2017, 08:11:33 AM

Quote from: dfd1 on February 28, 2017, 05:56:24 AM

Is DAG somehow limited in size, or someone can make billions of transactions and bloat it?

Please read the OP:

Quote from: tonych on September 05, 2016, 11:00:28 AM

The fees paid for storing one’s transactions (or any other data) in the Byteball database are equal to the size of the data being stored. If the size of your transaction data is 500 bytes, you pay exactly 500 bytes (the native currency of Byteball) in fees.

So what? With a fee of 50$ someone can make DAG twice as big overnight? With a fee 500$ can make it 10 gb more? There is people who can do this just for fun. Is there some prunning mechanism what will allow to cut old transactions from database?

There isn't. I'm pointing this out for a long time but nobody is listening. Byteball has the same scalability problem like any other blockchain with adjustable blocksize limit. Database grows indefinitely and hardware and bandwith are the limiting factors. Moreover if somebody wants to attack byteball by sending huge data to the database it''s pretty easy and cheap at the current price. 8 years old Bitcoin blockchain nears 100 GB and you can make byteball database that big in 1 day for just $6700.

kamiyama

sr. member

Activity: 742

Merit: 251

Where can I learn the wallet recovery procedure?

keyboard warrior

sr. member

Activity: 266

Merit: 251

Quote from: s0nix on February 28, 2017, 08:19:50 AM

Quote from: mummybtc on February 28, 2017, 08:02:35 AM

Quote from: tuvok007 on February 28, 2017, 04:42:46 AM

Rumor has it all the Lisk guys will get some free byteballs Shocked

dont know if its true though, will have to wait and see Grin

Lisk team linked their BTC wallet to Byteball wallet and are entitled to their own percentage of the coin but what I don't know is if Lisk investors are going to share in that spoil.

So far there are no exact plans. Lisk and Iconomi have agreed to do nothing until the end of the Byteball distribution.
But maybe they distribute them to their holders after that? No one knows precisely now.

I don't think Lisk agreed to do nothing until the end of the Byteball distribution. The last LiskHQ post I could find concerning Byteball is below. LiskHQ says they are currently discussing with Tony the details of a plan, but I couldn't find any promise to do nothing until the end of the distribution. The quote says expect some news in February, but there's been none in the Lisk thread.

Quote from: LiskHQ on January 20, 2017, 10:55:58 AM

Quote from: WorldCoiner on January 20, 2017, 10:41:42 AM

Quote from: Poly#Crypto on January 20, 2017, 10:40:47 AM

Quote from: WorldCoiner on January 20, 2017, 09:45:01 AM

Is there at the moment any offical statement how Lisk will proceed with the earned Byteball amount?
Are there also some numbers available how many Byteball Lisk controlls at the moment?

Many thanks in advance!

The statement so far: for on-going operations and long-term storage.
But I think Max will comment on it in the near future.

On December 31, Lisk published the Financial Report 2016.
There you can find all the details about the financial resources of Lisk, including Byteball.

Thanks Poly, as always!

We won't dump them. I think we found a very fair method for everyone, currently discussing with Tony the details. After that we need to find a legal framework with our lawyers. Expect some news in February.

ArabMist

member

Activity: 107

Merit: 10

GBYTE crashing hard. Down to 0.5. As soon as it hits 0.45, might be a good entry point for those looking to accumulate for the long game.

dfd1

full member

Activity: 126

Merit: 100

Quote from: Krypt on February 28, 2017, 08:11:33 AM

Quote from: dfd1 on February 28, 2017, 05:56:24 AM

Is DAG somehow limited in size, or someone can make billions of transactions and bloat it?

Please read the OP:

Quote from: tonych on September 05, 2016, 11:00:28 AM

The fees paid for storing one’s transactions (or any other data) in the Byteball database are equal to the size of the data being stored. If the size of your transaction data is 500 bytes, you pay exactly 500 bytes (the native currency of Byteball) in fees.

So what? With a fee of 50$ someone can make DAG twice as big overnight? With a fee 500$ can make it 10 gb more? There is people who can do this just for fun. Is there some prunning mechanism what will allow to cut old transactions from database?

zanzibar

hero member

Activity: 715

Merit: 500

Quote from: s0nix on February 28, 2017, 08:19:50 AM

So far there are no exact plans. Lisk and Iconomi have agreed to do nothing until the end of the Byteball distribution.
But maybe they distribute them to their holders after that? No one knows precisely now.

Lisk will sell the bytes and keep the BTC, because at that point Lisk will most likely be dead.

s0nix

hero member

Activity: 784

Merit: 511

Quote from: mummybtc on February 28, 2017, 08:02:35 AM

Quote from: tuvok007 on February 28, 2017, 04:42:46 AM

Rumor has it all the Lisk guys will get some free byteballs Shocked

dont know if its true though, will have to wait and see Grin

Lisk team linked their BTC wallet to Byteball wallet and are entitled to their own percentage of the coin but what I don't know is if Lisk investors are going to share in that spoil.

So far there are no exact plans. Lisk and Iconomi have agreed to do nothing until the end of the Byteball distribution.
But maybe they distribute them to their holders after that? No one knows precisely now.

Krypt

legendary

Activity: 1540

Merit: 1096

Quote from: dfd1 on February 28, 2017, 05:56:24 AM

Is DAG somehow limited in size, or someone can make billions of transactions and bloat it?

Please read the OP:

Quote from: tonych on September 05, 2016, 11:00:28 AM

The fees paid for storing one’s transactions (or any other data) in the Byteball database are equal to the size of the data being stored. If the size of your transaction data is 500 bytes, you pay exactly 500 bytes (the native currency of Byteball) in fees.

mummybtc

hero member

Activity: 868

Merit: 500

Quote from: tuvok007 on February 28, 2017, 04:42:46 AM

Rumor has it all the Lisk guys will get some free byteballs Shocked

dont know if its true though, will have to wait and see Grin

Lisk team linked their BTC wallet to Byteball wallet and are entitled to their own percentage of the coin but what I don't know is if Lisk investors are going to share in that spoil.

kaicrypzen

hero member

Activity: 1344

Merit: 656

Quote from: dEjAvU97 on February 28, 2017, 05:09:40 AM

I use the computer office, certainly can not download Windows wallet: https://byteball.org/downloads/Byteball-win64.exe, is here available for web wallet?

Why not

? Do you have an Android smart phone? In that case you could download the app from Google Play and use it. (There is no web wallet.)

MemberCount+1

hero member

Activity: 798

Merit: 1000

Quote from: dfd1 on February 28, 2017, 05:56:24 AM

How much hdd space do I need to download full DAG today? Is DAG somehow limited in size, or someone can make billions of transactions and bloat it?

around 1GB atm

dfd1

full member

Activity: 126

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How much hdd space do I need to download full DAG today? Is DAG somehow limited in size, or someone can make billions of transactions and bloat it?

MemberCount+1

hero member

Activity: 798

Merit: 1000

hehe, a lot of GByte to dump again. free money for such guys. Tongue

kaicrypzen

hero member

Activity: 1344

Merit: 656

Quote from: vanarebane on February 28, 2017, 05:12:20 AM

The third snapshot distribution will be starting very soon?

Yes, the snapshots for the third round will be taken on March the 12^th at 14:54 UTC (full moon time).

Quote from: vanarebane on February 28, 2017, 05:12:20 AM

Quote from: tuvok007 on February 28, 2017, 04:42:46 AM

Rumor has it all the Lisk guys will get some free byteballs Shocked

dont know if its true though, will have to wait and see Grin

What do you refer to? Lisk CEO linked his ICO address link to the byteball for first distribution, IMO they will try again, no doubt.

tuvok007 probably means that there's a rumor about people holding Lisk getting shares of the bytes that were/will be distributed to the Lisk ICO fund. (didn't hear such rumors though, maybe a link to the rumor?)

vanarebane

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Activity: 279

Merit: 250

The third snapshot distribution will be starting very soon? I see many people wear your signature again.

Quote from: tuvok007 on February 28, 2017, 04:42:46 AM

Rumor has it all the Lisk guys will get some free byteballs Shocked

dont know if its true though, will have to wait and see Grin

What do you refer to? Lisk CEO linked his ICO address link to the byteball for first distribution, IMO they will try again, no doubt.

Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 858. (Read 1234271 times)