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Showing 3 of 3 results by AleksandrO
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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
AleksandrO
on 24/04/2017, 16:52:38 UTC
Of course its free and open source software, https://github.com/byteball/byteballcore

You can also see the source of the transition bot.

I see you are returning to the same tactics. I'll paraphrase his concern.

Distribution is done in a centralized manner which requires to trust tonych unless there is a way to prove cryptographically that he can't send extra byteballs to himself without being caught. So now answer this: How is it possible to make sure that tonych (or who sends the byteballs) didn't abuse his power?
if you don't believe tony then leave this thread. We believe him, love him & we're proud of him.
May God bless Tony  Cheesy

Sure, God bless Tony and Russia Tongue. But please, I want know the answers.
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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
AleksandrO
on 24/04/2017, 16:44:00 UTC
Of course its free and open source software, https://github.com/byteball/byteballcore

You can also see the source of the transition bot.

I see you are returning to the same tactics. I'll paraphrase his concern.

Distribution is done in a centralized manner which requires to trust tonych unless there is a way to prove cryptographically that he can't send extra byteballs to himself without being caught. So now answer this: How is it possible to make sure that tonych (or who sends the byteballs) didn't abuse his power?

Sure, but there is bigger question about future of the "self issued" coins and partial open source coins.
I am thinking if good cryptographer with many skills can find the way to issue some new byteballs?
Why the people trust Byteball?
Look - there is many bitcoin clones and still is bitcoin about 1200 US$.
Then I prefer invest to open source. But I like the idea of Byteball.

Many unclear things about Byteball for me now. Maybe Tony can make it clear.
Anyway, great project!
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Topic
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
AleksandrO
on 24/04/2017, 11:50:06 UTC
Hi, I see that all the idea about byteball seems really good.

But:
The distribution method is not for me clear in case I cannot see source code.

Then my question is:
Is public accessible the code, how the distribution works?

In bitcoin, litecoin, etc. you can see all the code and you know, that you can mine or use other Proof-of-X in case other coins.
In this case are most (not all!) of self distributed coins flagged as scam.

Can somebody explain me how technically works distribution? Is all the code accessible?
I want invest money and buy some byteball (as investition), but little confused now.