Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
What is to stop Byteballs from having the scaling issues that IOTA is having?
IOTA and BYTEBALL these two coins, which technically more advanced?I am not sure what one is more advanced, I own a lot more Byteball than IOTA for several reasons:
- I am not convinced DAG is the way to go for internet of things. I have seen functional testnet demos of Raiden on Ethereum handling IoT stupidly high tx counts, far beyond what IOTA can attain.
I do not think that DAG's future is in competing with Ethereum with machine to machine value transfers. I just cannot see how they can hope to compete. (Unless they also add state payment channels)
However I see Byteball being competitive due to its focus on being the leading DAG crypto for the use by people and value transfer. (I think byteball has correct focus, IOTA does not.) - Tony's method of distributing Byteballs has been genius.
- Tony isn't a jerk, I have seen multiple devs for IOTA act like childish jerks.
- Actually not sure if IOTA has smart contracts, but one of the big reasons I got involved with byteballs is because of Tony's smart contract system.
My current question to Tony is this: can Byteball actually scale as a DAG crypto? IOTA's network has already slowed to a worse state than Bitcoin, and that is saying something.
Ditto on that question, I did a test transfer after trex reopened the wallet last night, and it took longer to transfer bytes (9 mins approximately) this time as opposed to little over a week ago was within couple mins.
Witnesses do not decide ordering of units. Ordering is determined by the algorithm that looks back at the witnesses-authored units in the DAG.
What TPS limit do you expect to see in the real world (order of magnitude)?
You know, there is no architectural limit in the DAGs.
Regarding the practical limits, I don't buy into this race to Visa tps. The most pressing issue of crypto is not tps, it is adoption (which we address in the first place). Tps will come second after the first is solved.
I absolutely agree with this answer: If you want transition in the real world you need adoption.
Everything at the proper time - Step by Step
Adoption has been the age old hurdle since the dawn of crypto, question is the solution to accomplish this, obv needing more public exposure for one, as in does tony have just himself or others to help get byteball more recognized (marketed) etc? Tony's pretty busy with the coding side of things as it is, so besides the community we have here, what else can we do? Get articles maybe published on coindesk, news.bitcoin.com etc etc, with more public notice, more devs would get involved, more projects may build upon and utilize tony's amazing work... we all have to work as a team here
I'm glad someone else is saying this, adoption is the key. We are not the target group. The mere fact that we are even having a conversation on this platform is a sign that we all know to much. Even venturing on this website means you know to much. The target group is everybody else. When OTIS invented the automated elevator in the 1900 it took 50 years before people felt comfortable trusting the machine to go to the floor, open the doors, and let them out. We didn't NEED an elevator operator, but nobody trusted it.
All of us here on this website, trust in this technology, but the rest of the world, needs some convincing.