Post
Topic
Board Altcoin Discussion
Re: Blockchain vs DAG (Byteball's concencus algorithm).
by
SatoNatomato
on 23/02/2017, 12:54:42 UTC
Iota has an entire different consensus than Byteball, and it doesn't work without centralized servers.

Do you know Java? Can you demonstrate how consensus of IOTA without centralized servers breaks once https://github.com/Come-from-Beyond/Tangle simulator is ready?

I've updated the repo. With Completely Random Walker without attackers global consensus on 84.5% of all transactions was achieved. So the claim "it doesn't work without centralized servers" has already been refuted. The next step is to add Random-Walk Monte Carlo algorithm to show that even under attacks the consensus on significant portion of transactions (subject to connectivity between clusters) is still achieved.
Is this a joke?

You think people will allow machines to spend/receive money and rely on only a probability that their transactions will succeed? And rely on another probability that they have the "global" tip and are not sitting in a cluster? Why not make this simpler and just roll a dice and pretend you have money if you get 4 sixes in a row.

Maybe it will work if the "money" you are transacting is worthless. Like worth almost one iota.

The claim "it doesnt work without centralized servers" hasnt been refuted, you have just lowered the bar significantly.