Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments

There is nothing stopping you from making really a massive amounts of transactions on your own chain - and have it merged to the Main Chain when posting it for the witnesses to see.

You didn't mention signatures validation...

Did you forget to mention that Proof-of-Work in IOTA is a waste of energy, and time, since it does not in fact enforce any consensus or even security of the protocol? Due to nature of IoT devices being orders of magnitude less powerful than even normal PCs, and you expect them to run your dumb proof-of-work, waste energy and space. Because.... ? Yeah IOTA still relies on developers deciding consensus with milestones, and still is not on exchanges despite being a year or so in development, and still lacks even basics of smart contracts. Not to mention, requires human intervention to even setup nodes. Roll Eyes

Do I need to go on?

You're in this thread only because you are glowing red of envious, someone else made something better than you, and you are scared that Byteball will steal your lunch money, so you try to troll it away.

And your trolling is bad, I did mention signature validation, that is verification.

It is my understanding that PoW is not performed by each device, rather the device signs a transaction and the PoW is done by a full node.

I do not have enough technical knowledge or enough knowledge of IOTA to say whether that is a viable concept. I am not trying to defend it. I just want to point out that that specific criticism is not really valid.

That is the excuse indeed by Iota for this valid criticism - to not run Iota on the IoT device and trust a full node instead. LOL. Byteball can do that too, in fact any cryptocoin can do that. Bitcoin can do it. Roll Eyes

What exactly makes the criticism valid? That other coins can do it too? I am not being glib; I am genuinely asking. I am trying to understand your point of view.

You can read the IOTA Unmoderated thread.

Why do you ask about Iota in a Byteball thread? Ask yourself if it is worth to invest in a coin when you now know this type of criticism is not allowed on their official channels. Yes, other coins do it, but better of course and they do it now, there are many more problems with Iota design, but sure if you like Iota because you like it go ahead, but its using an inferior product just because you can.

Sometimes they ban people for mentioning Byteball. Most of the times Ive seen in their slack channel they spread complete lies about Byteball - CfB actually said its a bitcoin sidechain.

I wouldnt trust liars.

Now they are like in this thread trying to stop me from informing people what Byteball actually does as best to my own understanding, and offering to criticize Iota while Im at it, and they do so by derailing, personal attacks and fake concern for others. Iota - a failed coin, but they have to milk the venture-capital and hype of IoT some more.