Post
Topic
Board Altcoin Discussion
Re: Blockchain vs DAG (Byteball's concencus algorithm).
by
monsterer2
on 12/07/2017, 15:40:55 UTC
This thread deserves a bump.  Have IOTA or Byteball made any recent improvements to address Shelby Moore's concerns?

Neither byteball or Iota can be truly trustless or decentralised; they are flawed.

Byteball requires witnesses which are trusted super users in order to form a consensus:

Quote
Looking   for   a   “reality   test”, observe   that   some   of   the   participants   of   our   network   
are   non-anonymous   reputable   people or   companies who   might   have   a   long   
established   reputation,   or   they   are   businesses   interested   in   keeping   the   network   
healthy. We’ll   call   them   witnesses

Iota requires what they used to refer to as checkpoints, now known as 'coordinators' in order to maintain consensus until the currency is 'bootstrapped', which is years to never.

You cannot have a trustless concensus like bitcoin's without a mining reward - that is what creates convergence.