Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
SatoNatomato
on 08/04/2017, 13:28:36 UTC
I love thisproject however I have a problem with the witnesses choose mecanism, aka "12 catpains of industry" or well reputed equivalent.

First (and biggest one) : who is to coopte such "captains". In a supposed decentralysed network it means a central authority somewhere or at least a consensus voting system.
Second : what if no such "captain of industry" joins in? Should we bless project founders for eternity ? (we all die some day).
Three : 12 is a too limited number. This is intentionaly set so that we can humanely follow the witnesses quality. But I do not want to ask periodicaly myself whereas witnesses are good quality or not. I just want to feel confident with the network any time.

I would suggest the following :
- no more limited witnesses number
- all wallets could optionnaly run as witnesses
- if a end-user wishes to act as a witness is has to back some "good" amount of GBYTE (prevent spam and initial amount  for serial post).
- each time a witness serial post he is awarded  more than its post cost (aka end users are prone to become witnesses for profit)
- wallets choose their witnesses in a hard-coded random fashion among all witnesses pool.

First of all, I remind you that following the witness lists of "captains of industry" is just a suggestion how witness lists could be updated, it is not a protocol-level thing.

That said, I don't think the question of captains of industry is that hard.  If you ask me about captains of auto industry today, I would name GM, Ford, Toyota, Renault, Michelin, and a few others.  In Bitcoin industry today: AlphaBay, Coinbase, Localbitcoins, Overstock, Polo, and a few others.

Quote
But I do not want to ask periodicaly myself whereas witnesses are good quality or not.
You don't have to.  If you don't want to or feel unable to make decisions yourself in this particular area, you can always follow the opinion of someone you trust.

To clarify, there is no such thing as "wish to act as a witness", you can only "wish to be named as a witness".  Anyone can be named a witness by anyone.

The above was 100% human, 0% technical.  Regarding suggested protocol changes, all such changes should be carefully analyzed with respect to potential consequences, in particular whether they could lead to consensus failures such as forks and deadlocks.

I think attracting industries leader is the gambit. But anyway your work is awesome. It is a wonderfull project I do beleive in. Sure Polo and others will beleive in too (where you Satochi Nakamoto in a previous life ?).

Back to the witnesses and human behavior. I suppose that most of the humans are as lazy as I am and will just let their wallet download the Witnesses list from the hub which is in your hands. This can be called de facto centralization.

For the future it would be nice to have some community place (on https://byteball.org/ or part of the wallet ?) where one (industry leader or average well reputed guy) could apply to be "named as a witness" and end user would vote for or against.

For all of us guys : here is the link to ask Polo to add GBYTE

Its not so much per se a gambit that industry leaders of bitcoin will take Byteball. Its more like Byteball will grow its own leaders.

The witness-list can be pulled from any hub, its a centralization/convenience exactly if you as user dont want to care but trust a hub-owner to keep up to date and do the choices for you. If you do want power and control you still have it though.

Organizing a secure voting is possible in Byteball, the network/protocol supports that. Havent seen anyone doing it yet, just mentioned in whitepaper. The place were community is now is slack and here, so here and on the slack some users have posted their witness and asked to be added by others.

Of course, it would be nice to move this community to a Byteball platform, a forum based on Byteball. That would be sweet.