Re: BYTEBALL: Totally new consensus algorithm + privateele, untraceable payments

I have published a paper about what I consider being design flaws when you look at how Byteball does (not) decentralize.

Open for comments.

https://medium.com/@prat486/byteball-move-proposal-831187509ed0

Some random remarks about your paper.

This is a bit weird when you say that nobody would like to be a witness since you've been trying for 1 year to become one and I reckon that anybody somehow involved with Byteball would gladly accept to be one.

True but I never said that I would challenge my real world identity and reputation for that. Many guys would like to become witnesses for the witnessing commission only, it is not what the white paper claims a witness should be. Also they should be well reputed real world entity... not me and being an "anybody somehow involved with Byteball would gladly accept to be one" does not meet the criterion too.

To lose your reputation you would have to try to collude with other witnesses to do bad things. If you simply run honestly your node, you take no risk.

Not only because you also bless the code you are running with your reputation. Where is the third party (or more likely peer review) saying the code is flawless and that your reputation will remain immaculate when running it?

You're making this issue specific to Byteball but it's the same for any crypto and even open-source softwares in overall. If you are a business and accept a payment in crypto you bless the software you're running. It wouldn't hurt to have all the code audited but after more than 1 year of running and $ millions of value transfered we cannot consider that Byteball is an obscure software. And introducing a flaw on purpose isn't that easy, there are several people including me that watch commits to Byteball-core and we would expect a witness to be conservative and wait before deploying updates.