Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
tonych
on 12/10/2016, 17:37:51 UTC
This is a request for feedback.

I was thinking of an elevator pitch that best describes Byteball and came up with two versions of the pitch:

#1 Imagine a global database that records who owns what, as well as all transfers of ownership.  The database is not controlled by any single entity, it is a common good.  Everyone can have a copy of the database and all the copies necessarily agree.  This is Byteball.

#2 Byteball is an environment that allows anyone to store value and transfer it to other users.  The environment is not controlled by any single entity, it is a common good that is open to everyone like the Internet; and the value can be anything from completely untraceable currency to bank deposits with regulatory constraints.

Which version better resonates with you?  Feel free to suggest a 3rd.