https://zuqka.asuscomm.com/bb
Topic: Obyte: Totally new consensus algorithm + private untraceable payments - page 870. (Read 1234271 times)
February 19, 2017, 06:01:47 PM
February 19, 2017, 05:20:08 PM
Witnesses do not decide ordering of units. Ordering is determined by the algorithm that looks back at the witnesses-authored units in the DAG.
What TPS limit do you expect to see in the real world (order of magnitude)?
You know, there is no architectural limit in the DAGs.
Regarding the practical limits, I don't buy into this race to Visa tps. The most pressing issue of crypto is not tps, it is adoption (which we address in the first place). Tps will come second after the first is solved.
Networking is no bottleneck, bandwidth nor latency, barely used. Only cpu usage was high but not even all cores at once, about 60% cpu load on 1 core. Which tells me the software isnt optimized but can push the hardware much, much more, I wouldnt be surprised if 1 full node can do 200 tps with 2 cores if software is slighly optimized. Even today if we had same amount of full nodes as bitcoin, 1600ish, low ball it as I have fat servers, 10tps, thats 16 000tps.
February 19, 2017, 05:01:43 PM
You must be kidding: ...
I am not, I am sure that witness pays fees:One way to become a witness is as follows:
1. Run the witness code on your server https://github.com/byteball/byteball-witness. To be considered seriously, you need to run it on a server that is well connected and always online. Running this code alone won't make you a witness automatically, you'll just periodically post your units to the database (and spend your bytes by doing this).
1. Run the witness code on your server https://github.com/byteball/byteball-witness. To be considered seriously, you need to run it on a server that is well connected and always online. Running this code alone won't make you a witness automatically, you'll just periodically post your units to the database (and spend your bytes by doing this).
This is when you try to be witness. Once you are witness included in the 12 witness list you don't spend you bytes doing this. Stop spreading misinformation.
February 19, 2017, 04:43:48 PM
Byteballs needs more marketing to get more people in on every distribution rounds. Community should organize some kind of campaign.
There were a few signature campaigns, the last of which ended recently.
https://bitcointalksearch.org/topic/byteball-signature-campaignclosed-1760807
If enough people contribute coins for another there would be plenty of sign ups to it. Getting enough coins to pay for it is the big problem.
Is there a community donation fund for such purpose ?
Maybe we should create a Bot in the Wallet where we can offer apps/projects or marketing campaign which needs some donation of the community.
February 19, 2017, 03:58:29 PM
You must be kidding: ...
I am not, I am sure that witness pays fees:One way to become a witness is as follows:
1. Run the witness code on your server https://github.com/byteball/byteball-witness. To be considered seriously, you need to run it on a server that is well connected and always online. Running this code alone won't make you a witness automatically, you'll just periodically post your units to the database (and spend your bytes by doing this).
1. Run the witness code on your server https://github.com/byteball/byteball-witness. To be considered seriously, you need to run it on a server that is well connected and always online. Running this code alone won't make you a witness automatically, you'll just periodically post your units to the database (and spend your bytes by doing this).
This is when you try to be witness. Once you are witness included in the 12 witness list you don't spend you bytes doing this. Stop spreading misinformation.
AFAIK, witness needs to submit transactions all the time to confirm user's transactions and he pays tx fees. If payment he receives is larger that fees he pays, good for him.
Witnesses will never accumulate all bytes, because if users have no bytes, they can't submit transactions, hence no fees go to witnesses, therefore it is in their interests to sell some bytes on the market.
February 19, 2017, 03:35:10 PM
Thx for the info, can you elaborate (a bit) please on how you calculate those probabilities?
In the book "le chartisme" of François Baron
February 19, 2017, 02:39:47 PM
Witnesses do not decide ordering of units. Ordering is determined by the algorithm that looks back at the witnesses-authored units in the DAG.
What TPS limit do you expect to see in the real world (order of magnitude)?
You know, there is no architectural limit in the DAGs.
Regarding the practical limits, I don't buy into this race to Visa tps. The most pressing issue of crypto is not tps, it is adoption (which we address in the first place). Tps will come second after the first is solved.
February 19, 2017, 02:18:21 PM
You must be kidding: ...
I am not, I am sure that witness pays fees:One way to become a witness is as follows:
1. Run the witness code on your server https://github.com/byteball/byteball-witness. To be considered seriously, you need to run it on a server that is well connected and always online. Running this code alone won't make you a witness automatically, you'll just periodically post your units to the database (and spend your bytes by doing this).
1. Run the witness code on your server https://github.com/byteball/byteball-witness. To be considered seriously, you need to run it on a server that is well connected and always online. Running this code alone won't make you a witness automatically, you'll just periodically post your units to the database (and spend your bytes by doing this).
This is when you try to be witness. Once you are witness included in the 12 witness list you don't spend you bytes doing this. Stop spreading misinformation.
February 19, 2017, 02:04:57 PM
You must be kidding: ...
I am not, I am sure that witness pays fees:One way to become a witness is as follows:
1. Run the witness code on your server https://github.com/byteball/byteball-witness. To be considered seriously, you need to run it on a server that is well connected and always online. Running this code alone won't make you a witness automatically, you'll just periodically post your units to the database (and spend your bytes by doing this).
1. Run the witness code on your server https://github.com/byteball/byteball-witness. To be considered seriously, you need to run it on a server that is well connected and always online. Running this code alone won't make you a witness automatically, you'll just periodically post your units to the database (and spend your bytes by doing this).
February 19, 2017, 01:54:46 PM
The price is on a support.
It's time to refuel
It's time to refuel
I'm waiting for that support to break, maybe I'll wait forever, maybe not
. Any reason(s) why (you think) that support might have more chances to hold than to break?Free coins, yes, a few minutes or maybe an hour of work to obtain them. No ICO, no need to invest any money really, just link 100 BTC and you'll get 6+ BTC for free (using 0.06+ BTC/GBYTE exchange rate). So out of nowhere one have made 6+ BTC from a coin which has 60,000+ BTC marketcap which puts it at top 9 spot on the cryptocoins list. A coin which paradoxicaly is traded just at unknown and seemingly secure exchange which will go bust possibly in a week or a month or as soon as some major exchange adds Byteball. On top of it we are dealing with brand new and very little battle-tested code which for me reads as "The next major (app-breaking) bug is just around the corner".
You guys might be new around here or at trading space or both but I am not so I have sold my coins, thanks for free money! I'll probably jump back once price hits more reasonable levels.
February 19, 2017, 01:50:43 PM
Technical question about fees collected by witnesses. If witnesses collect fees from every transaction and they essentially have no cost to cover (other than meaningless hardware and bandwidth cost) ...
They have:I turned off the witness I had running because it did not have enough funds to continue stamping transactions. 
Id say the users have a choice, if a witness accumulated too much bytes, replace it, like eith portabellas witness which wants to spread the fees to nonprofit organizations. Maybe users will pick those witnesses and avoid making "too big to fail" witnesses.
February 19, 2017, 01:44:13 PM
Technical question about fees collected by witnesses. If witnesses collect fees from every transaction and they essentially have no cost to cover (other than meaningless hardware and bandwidth cost) ...
They have:I turned off the witness I had running because it did not have enough funds to continue stamping transactions.
You must be kidding:
I turned off the witness I had running because it did not have enough funds to continue stamping transactions.
@tonych was this supposed to work this way, when running a witness, if other people dont choose it in their walets, it will eventually run out of funds to continue posting?
@tonych was this supposed to work this way, when running a witness, if other people dont choose it in their walets, it will eventually run out of funds to continue posting?
Yes, if your witness is not supported, it is bleeding capital.
That means if witness is supported it is not "bleeding capital". It collects fees without any meaningful cost.
February 19, 2017, 01:39:17 PM
Technical question about fees collected by witnesses. If witnesses collect fees from every transaction and they essentially have no cost to cover (other than meaningless hardware and bandwidth cost) ...
They have:I turned off the witness I had running because it did not have enough funds to continue stamping transactions.
February 19, 2017, 01:21:49 PM
the transition bot does not answer me. does anybody know why this can happen?
i am using v.1.3.0 on OSX.
i am using v.1.3.0 on OSX.
i've got the same...
maybe it's sunday.
and trading is possible on sunday. because this bot is answering to my inputs. 
February 19, 2017, 01:19:39 PM
the transition bot does not answer me. does anybody know why this can happen?
i am using v.1.3.0 on OSX.
i am using v.1.3.0 on OSX.
i've got the same...
maybe it's sunday.
February 19, 2017, 01:18:15 PM
the transition bot does not answer me. does anybody know why this can happen?
i am using v.1.3.0 on OSX.
i am using v.1.3.0 on OSX.
February 19, 2017, 01:15:20 PM
But a high risk is Bitcoin, if it goes down, users sell your free byteballs to save the worth.
why is that?
if btc goes down → bb value (in btc units) will rise.
and that's all.
and this is ok, ByteBall is a small new coin with free coins every month. February 19, 2017, 01:08:47 PM
But a high risk is Bitcoin, if it goes down, users sell your free byteballs to save the worth.
why is that?
if btc goes down → bb value (in btc units) will rise.
and that's all.
February 19, 2017, 12:59:02 PM
But a high risk is Bitcoin, if it goes down, users sell your free byteballs to save the worth.
February 19, 2017, 12:40:26 PM
Technical question about fees collected by witnesses. If witnesses collect fees from every transaction and they essentially have no cost to cover (other than meaningless hardware and bandwidth cost) in the long run won't bytes concentrate in the witnesses hands?
In case of bitcoin fees/reward go to miners but miners have huge electricity and hardware costs therefore bitcoins are recycled back to cover these costs. In case of byteball there's no such recycling pressure which leads to the conclusion that bytes will be more and more concentrated in the hands of witnesses the longer the system operates.
In case of bitcoin fees/reward go to miners but miners have huge electricity and hardware costs therefore bitcoins are recycled back to cover these costs. In case of byteball there's no such recycling pressure which leads to the conclusion that bytes will be more and more concentrated in the hands of witnesses the longer the system operates.
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