Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
https://bitcointalk.org/index.php?topic=1799665.msg17950428#msg17950428
....When I discussed this in the Byteball thread, the Byteball author Anthony realized there is a problem and started to talk about avoidance of needing to replace witnesses and how to have a community wide vote and other mechanisms for overcoming the inherent flaw (which means really he will end up needing whales same as for DPoS to avoid chaos so then you are right back to centralization and the failure of Bitshares and Steem again).....@tonych
....When I discussed this in the Byteball thread, the Byteball author Anthony realized there is a problem and started to talk about avoidance of needing to replace witnesses and how to have a community wide vote and other mechanisms for overcoming the inherent flaw (which means really he will end up needing whales same as for DPoS to avoid chaos so then you are right back to centralization and the failure of Bitshares and Steem again).....@tonych
Failure of Bitshares is based on broken promise by lead dev Dan, Bytemaster, now Dantheman. He left Bitshares. After that he start Steem with 80% premined coins.