Quote from: tarmo888 on September 07, 2021, 10:22:39 PM

Quote from: BillionaireWannaBe on September 07, 2021, 09:11:27 PM

You sound very knowledgeable regarding these level 1 smart contract platforms. Thanks for you detailed reply.

Did not know they are called Level 1 Smart-Contracts, I call those that let you spend on certain conditions as basic smart-contracts (Bitcoin scripts, Obyte conditional payments) and those that react to your trigger as advanced smart-contracts (Ethereum smart-contracts, Obyte Autonomous Agents).

Quote from: BillionaireWannaBe on September 07, 2021, 09:11:27 PM

Comparison charts comparing :

Tps, security, decentralization and other important aspects can really get average investors excited.

Found 4 on Reddit, but I doubt they help making informed decisions
https://www.reddit.com/r/obyte/comments/f9yfls/blackbytes_vs_other_privacy_coins_february_2020/
https://www.reddit.com/r/obyte/comments/cfacjs/blackbytes_vs_the_big_3_july_2019/
https://www.reddit.com/r/obyte/comments/cmyan5/how_obyte_transaction_fees_and_fee_model_compares/
https://www.reddit.com/r/obyte/comments/alaguh/obyte_google_and_ethereum/

Quote from: BillionaireWannaBe on September 07, 2021, 09:11:27 PM

The main issue is the network effect.

Eth has it and sol is getting some now. Ideally you want to be able to port over dapps to work on your platform easily I guess.

Or you could bridge the tokens over and use the wrapped tokens on the other network. This way you don't need to deplay or rewrite any new smart-contract.
https://counterstake.org/

Ethereum fees sucks, so it makes sense to bridge tokens from Ethereum to Obyte and use those tokens on Obyte instead for low fees, but what's missing on Obyte that is successful on Ethereum, but not already implemented on Obyte?
* Uniswap - https://oswap.io
* DEX - https://odex.ooo
* rewards for liquidity providers (i think Uniswap doesn't have it anymore) - https://liquidity.obyte.org
* DAI/SAI or other collateral based loans - https://ostable.org
* OpenSea/Rarible - https://cryptothings.gallery

In a way, how many actual users are on Ethereum and how many of them are just bots that arbitrage and do MEV? Ethereum is so clogged because it's profitable to MEV. If somebody has to pay 10 ETH to sandwitch attack somebody, but while doing it will earn just 1 ETH, they will do it.

Quote from: BillionaireWannaBe on September 07, 2021, 09:11:27 PM

Let's imagine you had to enter a very public and transparent debate comparing the plus ans minus of obyte compared to most other level 1 smart contract platforms. Do you think obyte could make a compelling argument to state it is a legitmate contender to ethereum, sol, dot avax at improving and solving the " trilema"

I mean if the best tech most suitable to defi was to win at this stage ( assuming equal network effect for end users and devs) so only considering the tech side. Would byteball be superior or at least equal to these market cap monsters?

So if investors were all super tech savvy do you believe obyte would be up there in the top 20?

Blockchain Trilemma:
* Decentralized - In terms of deciding what goes into the ledger and in what order? Obyte wins hands down, there is no middlemen to decide that. In terms of how many full nodes out there? Currently there aren't many because it's small community, but it is currently much easier to run a Obyte full node than Bitcoin or Ethereum full node. During last 4-5 years, Obyte full node has grown to 70 GB, which is nothing compared to how big are Bitcoin and Ethereum nodes. If Obyte would be as popular as them, it would probably grow as fast as them and will not have any benefit in terms of ease of running full node. But in terms of what goes into the ledger, Obyte would still be more decentralized.
* Scalable - There has been no urgent need for scaling yet, but Obyte already has Payment Channels and there has been progress made on Sidechains. Best part, getting into and out of Payment Channels or bridging to other chains doesn't cost you an arm and a leg. You can already bridge to Ethereum, Binance Smart Chain and Polygon, the cost is usually there because claiming on the other chain is much more expensive than on Obyte https://counterstake.org/
* Secure - It might not be as secure as Bitcoin because Bitcoin is over-secured anyway and doesn't change much at all, but Obyte is as secure as Ethereum or even more secure. Front-running is difficult and sandwitch-attacks are near impossible. Can't double-spend and can be sure that your transaction is final when it becomes stable, no possibility to re-org.

But does that matter if you put "blockchain experts" into a room and say these things? No, people can't even agree, which blockchain has more merit than the other, let alone understanding how it compares to DAG. There is still very few people who understand what Order Providers (Witnesses) can do and cannot do. For somebody who is into the MEV-game, the best DeFi platform is the platform where they can extract out most value with MEV.

I have theory that Ethereum will not be as valuable when it finally goes PoS. The reason why Bitcoin and Ethereum has enjoyed those nice gains in price is because miners can't afford to sell lower than what they bought the electricity and mining equipment. Generally, more miners enter the competition and the rewards go lower with halvings, this forces the miners to sell higher. If at one point, miner would not need to pay so much for electricity bills, they could sell the reward at any price. This is the problem with GBYTE price too - if you never had to pay anything to get GBYTE, you can dump it at whatever price. Bitcoiners are used to dump coins from forks, so it doesn't matter for them at what price they dump GBYTE because they got it for free. Past years, it seems like 20-30 USD is the price where it starts to affect those people in terms of whether it is even worth to dump because Bittrex wallet has 100 000 GBYTE, but only 5000 GBYTE is on orderbooks.

Thanks for another great reply.

Yes, I only repeat what I've heard on reddit.
Layer 1 smart contract platforms eth, avax, dot etc
Layer2 is matic aka polygon etc

Would be good for obyte to get injected into discussions comparing smart contract capable platforms on reddit.
Bct has kind of almost died in terms of readership.
The distribution model was a bit of a shame but in time with enough good marketing price will start to rise.
It needs to demonstrate it is a competitor to the other well known smart contract capable platforms.

The search is on from investors to find a platform that can handle defi like eth without the gas fees.
On cmc when you look for 0byte markets there is only bittrex and 1 other exchange. Be good to make 0byte available on uniswap and pancake and pangolin.

Anyway I have a couple of hundred GB of 0byte so will start dropping it into discussions where I see other smart contract platforms compared on reddit. I think you ( because you understand it deeply) could do well for obyte on reddit especially on R/cryptocurrency
And other subs.

I may also start buying up a lot more now since it has a tiny cap even 10x smaller than syscoin which has only just now added evm.
They have a dag part on top of a pow part. I've dumped all my ada and going into smaller cap solutions that can still provide smart contracts under 500M, these 90 billion platforms are not going to pull a x50 or x100 now.
Obyte still could if investors believe it can solve or efficiently work with in the confines of the trilema.