Quote from: SatoNatomato on March 09, 2017, 08:42:35 PM

Byteball is better suited for IoT and actually works right now, and does not require PoW

IMO, the world is not going to rely on a blockchain run by 12 witnesses (which will become centralized due to economic facts) that can't be realistically changed except with a hardfork.

Byteball is an interesting "stability points" algorithm, but overall it isn't the solution. And the transaction fee scaling mechanism is totally broken.

Sorry those are the facts and I already communicated that on Byteball's main thread months ago in a discussion with Tony. I don't know what he has changed since then?

Quote from: iamnotback on March 09, 2017, 10:22:38 PM

You are pointing out the brittleness of relying on total orders, because total orders don't exist over the entire universe. The challenges of blockchain consensus is tied into this fact.

...

However with blockchain consensus we need eventual consistency with a total order over all transactions. Blockchain consensus scaling decentralized is a very, very difficult problem to solve. Vitalik has not solved it. Casper (and even Byteball) will only work centralized...

That is why the I feel the "mind blow" hype is misleading.

There is nothing minding blowing here. Just more of the same centralization failure. Well the concept of a DAG is mind blowing in the sense that it allows proof-of-publishing to be orthogonal to consensus finalization, which is one facet of increasing the TPS rate. But the Byteball "stability points" algorithm solution is incomplete. It hasn't solved the holistic problems entirely.