Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
Byteball gets a shout out by US army:
http://madsciblog.tradoc.army.mil/tag/byteball/
Not really in a positive way, but interesting that they found it it even noteworthy. The article they cite is in Russian, but from the title suggests byteball is under Russian government control.
If you think about it, take the assumption that byteball was funded by Russian intelligence, it was probably a worthwhile venture that collected valuable information and has probably paid for itself many times over.
When Putin for next "decentralized" witness?
http://madsciblog.tradoc.army.mil/tag/byteball/
Not really in a positive way, but interesting that they found it it even noteworthy. The article they cite is in Russian, but from the title suggests byteball is under Russian government control.
If you think about it, take the assumption that byteball was funded by Russian intelligence, it was probably a worthwhile venture that collected valuable information and has probably paid for itself many times over.
When Putin for next "decentralized" witness?
Do you just love to spread FUD or do you actually think though anything at all?
And what is that valuable information that the intelligence could be collecting via Byteball that they couldn't get through other means?
Russia laundered $20.8 billion through European banks between 2011 and 2014.
Just between 2005-2012, Russia laundered $234 billion through single Danske Bank branch in Estonia.
Byteball market cap is under $30 million.
So, does it make any sense for money laundering or funding secret projects?
NO. Cryptocurrency exchanges don't let you move more than $10 thousand without KYC. You can send from address to address, but you can't take out, which makes money laundering useless with cryptocurrencies. Cryptocurrencies are not great for money laundering, even when we are finally able to pay all our everyday purchases with them.
Also, I haven't used myself, but didn't blackbytes work so that it is really difficult to do big payments?