Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
tarmo888
on 25/10/2018, 18:30:06 UTC
I encourage whole Byteball team to see some Antonopoulos videos to know why byteball is not decentralized, and why you should not market the platform focusing on that. Because it is not true.

12 witnesses = 12 central points of failure but, of course, with the same power of another node (no absolute power like dpos crap) and marked as trustable by majority of users.

Byteball distributes trust amongst 12 witnesses. It is a distributed trust system, not a decentralized one. Decentralized implies no single point of failure, and this is not the case.

I think new platform name should reflect all those things.

What is the single point of failure then? There is none. In fact, I would argue that Byteball  is more decentralized by design than Bitcoin or Ethereum. When we have a lot more than 12 different witnesses to choose from it will also be more decentralized in practice.
Netflix is not decentralized. But Netflix uses decentralized technologies in order to reduce bandwidth costs.

Byteball is not decentralized. But Byteball uses decentralized technologies in order to coordinate admision of new units in the database and distribute it to all full nodes.

You can use decentralized technologies without forming a decentralized consensus. But that does not make platform consensus "magically decentralized".

You know what also doesn't invalidate something being decentralized?
* The fact that witnesses can be only replaced gradually 1-by-1, this doesn't mean that it is not decentralized. This rule is there not just for fun.
* Only 12 witnesses doesn't also mean that it is not decentralized because 12 witnesses are not same as 12 validators or 12 miners or 12 representatives or 12 stakers or 12 coordinators.
* More than 12 witnesses doesn't make it more decentralized either, only thing that makes it more decentralized is replacing current witnesses with other more reputable persons and companies. Also, running a witness full node will make it more decentralized, even if you are not picked as a witness on anyone's list https://github.com/byteball/byteball-witness

And that is the process that Byteball is currently on, getting more decentralized with every new replaced witness.
When half of the Byteball witnesses get replaced then Byteball will be more decentralized than Bitcoin because these witnesses don't have the power that Bitcoin miners have and because you will never know how much Bitcoin hashpower belongs the same people because these are just some anonymous machines in mining pools, that Bitcoin full node that you might be running doesn't make it more decentralized because your input is minuscule compared to those who have big serverfarms with almost free electricity.

Byteball consensus is not directly comparable with other blockchain consensuses because Byteball is not just another Bitcoin fork.