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Showing 20 of 77 results by Random-String-Symphony
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Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 19/07/2021, 08:47:20 UTC
Obyte explained in 3 minutes!
https://www.youtube.com/watch?v=lNamlJdRweE

How Obyte solves the issues facing Blockchain and DeFi
https://www.youtube.com/watch?v=HvNx0tfaLiQ

Great videos! Hope they help some new people discover Obyte.
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Board Altcoin Discussion
Re: Layer 2 scaling solution Nahmii (Nii)
by
Random-String-Symphony
on 09/04/2021, 17:01:34 UTC
Why isn't it mentioned anywhere in L2 comparisons? Why is nobody in DeFi building on it? Or are they but not talking about it?

Strange project. Consensys, Microsoft, Liquid, NEO, yet 0 recent information besides some attempt to P&D it.
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Board Announcements (Altcoins)
Re: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 11/03/2021, 09:46:37 UTC
(based on the statements I see on Twitter, the team has finally decided to focus on ex'marketing).

If you want to achieve anything start talking about the project on socials or start building something on top of Obyte, like PolloPollo.org, and start talking about that. Word of mouth is the most powerful marketing tool there is. Don't expect the team to do it for you. They've built the most feature complete platform in all of crypto, yet no-one is talking about it and hardly anyone is building anything on it.
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Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 09/11/2020, 09:45:34 UTC
Obyte invites everyone to take part in the logo competition, details of the competition and prizes for participants are set out on the blog

https://medium.com/obyte/viks-awesome-creative-obyte-logo-contest-80446a2e74ec

Great initiative, I'll try to come up with something clever Smiley
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Board Gambling discussion
Merits 1 from 1 user
Re: [Guide]How to bet on Obyte platform.
by
Random-String-Symphony
on 29/09/2020, 08:21:15 UTC
⭐ Merited by tyz (1)
If you rather want a web frontend you can use this one: https://bb-odds.herokuapp.com/
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Board Announcements (Altcoins)
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 26/09/2020, 12:44:03 UTC
I have just opened a new thread devoted to yield farming on Obyte platform to share my 3-hrs experience with it. My goal was to show all steps needed to open deposit and earn money using ostable tool. Anyone who has interest in this is more than welcomed. https://bitcointalk.org/index.php?topic=5277729.0

There could be only one occasion when u can open multiple threads pertaining to the same coin. You do this when ur brain is gone from the skull completely or is imbued with perverted thoughts. Thats when your consciousness takes over and sends internal message to the associative zone in your brain to do random stuff. I would say that nothing can be done to revive obyte or make it anyhow relevant to a common investor or whoever is watching ithe forum at present time. Obyte is done and in fact its gone long time ago.

That kind of thinking is what makes you miss all the important innovations in any field. You don't even know what you're talking about but you start throwing insults around straight away. Pretty damn sad.
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Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 14/11/2018, 12:04:11 UTC
He was anonymous, the network can't be secured by anonymous witnesses.
I advise everyone not to use a centralized system of twelve openly working witnesses = easy target for state attacks.

I'm sure Bytefan was just trying to help but he did it in the wrong way.
There speaks once again the accustomed arrogance.
Who decides what is right or wrong?

Rogier is not some kind of buffoon, he's a Byteball volunteer since the early days as well.
Nobody cares about that later anyway. People take what is preset. Nobody is involved in the preliminary selection of any witnesses of whom he doesn't know anybody anyway.

Come to your senses at last
- the number of witnesses should not be limited. Anyone who wants to be a witness should be able to do so.
- routes the witnesses over TOR
- client-side, random access to the witnesses

The protocol design decides what is right or wrong, it states that witnesses must be public figures or organizations with a real word reputation at stake. Otherwise the consensus mechanism is not secure. It's not a matter of right or wrong, it's a matter of design. If you don't like this principle I suggest you find another project because it is not going to change, it's fundamental to the design. Nothing to do with arrogance.

Numerous times people in this thread, including me, have tried to explain to you that a state attack on a witness doesn't mean the network stops working. I can't help it that you don't want to understand how witnesses work and what they can and can not do.

Not all people / users have to care, it would be preferable but if they don't: at least hub operators and other witnesses should care. If they do the system will work almost just as well. If nobody cares then the design will fail.

The number of witnesses is not limited, anybody can become one.
They already operate over TOR, it is a requirement to not reveal their IP to the world.
Random selection of (and access to) witnesses defeats the purpose, you still don't understand why they can't be anonymous and what they actually do to secure the network.
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Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 14/11/2018, 10:43:33 UTC
I observe this thread from the beginning and I'm a bit disappointed that there is no community management at all. I once had a few ideas for the bot store, the distribution and posted other things here, for example the observation, that the Byteball Explorer is unreadable for human users at the moment, etc. Maybe the ideas were crap, but you can also discuss that. No reaction from the Byteball team, although this thread has 1055 pages. I am an investor from the depths of the top 50 addresses (richlist from Byteball.fr - the site is also offline since a few days?! ....anotherone who turns away?) and disappointed that there is no reaction at all.

I will sell my byteball funds now and sell all the bytes I have kept for more than a year.

If anyone is interested, she/he can contact me.
Had Bytefan not provided the first witness for bite ball and was otherwise very engaged?

That he is now being arrogantly ignored and that instead some buffoon is being presented as the first official witness is likely to explain his reaction.

He was anonymous, the network can't be secured by anonymous witnesses. Plus he tried to persuade people with cashback, that's also not the idea behind being a witness. People should trust them because of their reputation not because they promise to give you a tiny amount of tx fees back (basically bribe). I'm sure Bytefan was just trying to help but he did it in the wrong way. Now he wants to sell the source code for Byteball.fr for 100GB. It was an extremely useful resource so we are debating whether we should rebuild it ourselves or buy it from him. We can't help it that he didn't quite understand the idea behind the consensus mechanism. I'm sad that he left because we could definitely have used his skills.

Rogier is not some kind of buffoon, he's a Byteball volunteer since the early days as well. He introduced many people to Byteball and is also a mod in the Byteball Telegram. He actively works on BTC acceptance in the real world and when he has the time will also integrate Bytes in his crypto payment processor software that is used by hundreds of merchants and web shops throughout Europe. I assume you didn't read the article or watched the interview. He's an excellent candidate.
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Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 14/11/2018, 09:48:02 UTC
I observe this thread from the beginning and I'm a bit disappointed that there is no community management at all. I once had a few ideas for the bot store, the distribution and posted other things here, for example the observation, that the Byteball Explorer is unreadable for human users at the moment, etc. Maybe the ideas were crap, but you can also discuss that. No reaction from the Byteball team, although this thread has 1055 pages. I am an investor from the depths of the top 50 addresses (richlist from Byteball.fr - the site is also offline since a few days?! ....anotherone who turns away?) and disappointed that there is no reaction at all.

I will sell my byteball funds now and sell all the bytes I have kept for more than a year.

If anyone is interested, she/he can contact me.

Bitcointalk is not really the best place to discuss ideas. For the longest time there was no team and Tony basically had to do everything by himself. He didn't have time for community management, he was working 18 hours a day on the platform. Anyone could and still can become a contributor through github. Only a few people did. Byteball didn't have ICO funds to work with to hire a team so it had to completely depend on volunteers. Of which I was one myself. I recently joined the team though, since we do have some funds now. We discuss most things on our Slack (https://slack.byteball.org/), which is also free for anyone to join.

The biggest problem is that people just sit and wait for their coins to magically increase in value and let other people do all the work. It doesn't work like that. No community management? Volunteer to do community management, et voila, now it's there.
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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 10/11/2018, 18:37:57 UTC
It was one of the most promising projects that I considered as an investment, but alas, something went wrong and the project, or rather its price, was blown away.

What does price have to do with it? If anything it should be even more interesting to invest in it now?
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Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 10/11/2018, 18:23:42 UTC
What's the point of these endless complain posts? It's starting to feel like a childish personal vendetta.

What makes Byteball unique is that it allows regular people (without coding knowledge) to easily create secure smart contracts. That's something very valuable that no other project has. Whether regular people actually need smart contracts in their everyday lives remains to be seen. As long as Byteball is hardly known by anyone and too few people are experimenting with it we will never know.

Pretty straightforward what you could be doing instead of complaining, right?

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Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 07/11/2018, 10:36:57 UTC
rip
https://decryptmedia.com/2018/09/25/hedera-hashgraph-blockchain-alternative/?utm_content=bufferc698d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
sad news, fork of byterbal going to replace this kingdom of dictatorship and madness
“We are putting together a council of 39 of the largest, most trusted, multinational corporations from around the world to govern the platform and the software that will run on millions of nodes globally,”  says Seah. “This governance structure is unique among the public ledgers that currently exist.”
A slew of companies have hitched their wagons to HH, including: gaming company alto.io; virtual trading platform, TrakInvest; CULedger, a consortium of North American credit unions; and Open VMS, the OS that powers critical infrastructure such as nuclear power plants and stock markets. So that’s reassuring



This is the exact opposite of what Byteball is trying to achieve. Hashgraph is licensed, patented, federated, has centralized power, etc. While they will probably achieve a lot because it is much closer to the models big corporates are used to it is by no means a better model (for end users) than Byteball.
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Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 25/10/2018, 20:58:56 UTC
(…)

Decentralized? He looks pretty "in-one-piece-ish" to me...

12 public witnesses, explained in whitepaper

Yes, I am aware of that and that's exactly what I was getting at.

The witnesses themselves are not decentralized; they are anything but. You have a maximum of 12 very "central" entities securing the network. And while I believe that the witnesses do not have the same amount of power as, say, EOS delegates have, it is at the very least intellectually dishonest to speak of "decentralized witnesses".

Now, maybe you could actually decentralize a witness, by making it a group of entities, playing merry-go-round or something. I think this has been discussed before.

TL;DR:
Calling a single person a "decentralized witness" is misleading.

I spare us all an inappropriate joke about certain news items and the decentralization of a human being, for obvious reasons.

We could also have 100 or 1000 witnesses but the platform will become less secure if you have more witnesses. A single witness has no power at all and can easily be replaced by users. Users have the real power in the Byteball network, not witnesses. Only when 6 or more witnesses collude they can harm the network, but they still can't change anything in the past. In fact they have very limited options for abuse.


This is no answer to my original point, which is "a single witness is not decentralized unless the witness consists of multiple entities".

You are trying to make it your point so that you can fire off what you have said earlier, so I'll play along:

Users having the real power sounds nice, but has some serious flaws. I'm too lazy to go into this, but very simplified, choosing witnesses is not much different than choosing delegates in a DPoS system. Go take a look at Lisk and EOS to see how that is going.

 A WITNESS IS A CENTRALIZED ENTITY AND WE NEED TO TRUST IT.


In what way do we need to trust a witness? A witness just sends transactions which (by definition of the protocol) cannot be fake or wrong or invalid in any way. And these witness txs are simply our way of attaining consensus on which transactions are final.

With Bitcoin, you don't really have to trust miners: if there are conflicting txs pending, then it doesn't matter which one they confirm. Whichever one they  choose to put in their block becomes final. The only risk is with enough hashing power they could roll back and restart mining from an earlier block, thus changing recent history in a way.

Likewise, you really don't have to trust witnesses with Byteball: if there are conflicting txs pending, then it doesn't matter which one they choose. Whatever they choose to append their tx to becomes final. And the roll back risk does not even exist here.

So, Byteball is even MORE trustless than Bitcoin.
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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 25/10/2018, 20:56:39 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".

All users in the Byteball network follow the same rules, they are all equal, but to be able to resolve doublespends you need some order in the transactions, witnesses provide this order. They follow the same rules as everybody else. The difference is that you know who they are so you can kick them out if they misbehave. This gives YOU the power and not the witness. You can't do that with miners.
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Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 25/10/2018, 20:36:26 UTC
(…)

Decentralized? He looks pretty "in-one-piece-ish" to me...

12 public witnesses, explained in whitepaper

Yes, I am aware of that and that's exactly what I was getting at.

The witnesses themselves are not decentralized; they are anything but. You have a maximum of 12 very "central" entities securing the network. And while I believe that the witnesses do not have the same amount of power as, say, EOS delegates have, it is at the very least intellectually dishonest to speak of "decentralized witnesses".

Now, maybe you could actually decentralize a witness, by making it a group of entities, playing merry-go-round or something. I think this has been discussed before.

TL;DR:
Calling a single person a "decentralized witness" is misleading.

I spare us all an inappropriate joke about certain news items and the decentralization of a human being, for obvious reasons.

We could also have 100 or 1000 witnesses but the platform will become less secure if you have more witnesses. A single witness has no power at all and can easily be replaced by users. Users have the real power in the Byteball network, not witnesses. Only when 6 or more witnesses collude they can harm the network, but they still can't change anything in the past. In fact they have very limited options for abuse.


This is no answer to my original point, which is "a single witness is not decentralized unless the witness consists of multiple entities".

You are trying to make it your point so that you can fire off what you have said earlier, so I'll play along:

Users having the real power sounds nice, but has some serious flaws. I'm too lazy to go into this, but very simplified, choosing witnesses is not much different than choosing delegates in a DPoS system. Go take a look at Lisk and EOS to see how that is going.
It is like talking with a wall, right?

Byteball is not decentralized. I am not fudding, only telling facts.

If I could choose my witness truly freely, maybe it could be called decentralized witnesses election... but I can only freely choose 1 witness. I am obligated to trust the witnesses already chosen if I am a new user, or I can't send transactions in a easy way. Of course I can pick any unit compatible with my list (afaik), but normal people won't do that.

This doesn't have to be a bad thing. The bad thing is the people who can't accept the truth, and seems more a hooligan than a person argumenting.

Yes, a witness has little power in the network. Yes, even if majority of witnesses collude, they can't rewrite the past or move funds which not belongs to him or harm deeply the network. Yes, there are no differences between a normal unit and a witness one.
But all above does not change the fact that A WITNESS IS A CENTRALIZED ENTITY AND WE NEED TO TRUST IT.

Seriously byteball, 2nd time I say this: Don't pretend to be what you are not.

There is no difference between one witness and another in any kind of practical way so it doesn't matter that you can't choose them freely, they're all the same. They don't *do* anything, they *witness*. The only reason to replace one is because you think some candidate has more to lose in the real world so their bond is stronger and they have even less reason to misbehave than another one. "A" witness doesn't matter, it's about all 12, so no you never trust a single witness and you don't have to. I'm afraid you just don't understand how the mechanism works and what a witness can and can not do, even though we've been trying to explain it you. Instead of asking more questions you jump to conclusions that are just plain wrong.

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Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 25/10/2018, 10:53:46 UTC
(…)

Decentralized? He looks pretty "in-one-piece-ish" to me...

12 public witnesses, explained in whitepaper

Yes, I am aware of that and that's exactly what I was getting at.

The witnesses themselves are not decentralized; they are anything but. You have a maximum of 12 very "central" entities securing the network. And while I believe that the witnesses do not have the same amount of power as, say, EOS delegates have, it is at the very least intellectually dishonest to speak of "decentralized witnesses".

Now, maybe you could actually decentralize a witness, by making it a group of entities, playing merry-go-round or something. I think this has been discussed before.

TL;DR:
Calling a single person a "decentralized witness" is misleading.

I spare us all an inappropriate joke about certain news items and the decentralization of a human being, for obvious reasons.

We could also have 100 or 1000 witnesses but the platform will become less secure if you have more witnesses. A single witness has no power at all and can easily be replaced by users. Users have the real power in the Byteball network, not witnesses. Only when 6 or more witnesses collude they can harm the network, but they still can't change anything in the past. In fact they have very limited options for abuse.
Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 25/10/2018, 10:49:32 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.
That would have to be thousands. - How realistic is that?

Just imagine via black bites a growing market for weapons, drugs, child pornography develops...
In connection with this, high-profile entities as witnesses? Seriously?

In the future, every witness would have to fear being overrun by the henchmen of state power.

Thousands are not needed, we need enough to replace a compromised witness, or somebody / a business who wants to quit being one. A few dozen would be sufficient.
Fiat also has a growing market for weapons, drugs, etc. We'll have to find out how law enforcement treats "witnesses", they don't actually do anything that breaks the law you know.
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Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 25/10/2018, 10:04:57 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.
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Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 23/10/2018, 08:47:26 UTC


Your action is required to support the candidate, see the story above.



I  have no idea what this means. Now what will it take for me to get my Byteball wallet in  fully working mode after new witnesses will be appointed?

You didn't read the story I guess. We don't appoint witnesses, it's up to you to pick them. Rogier is the first candidate, more will follow. The Byteball network belongs to the users, they decide who they want to be their witnesses. In the startup phase Tony had to run all 12 because we didn't have any candidates yet. So this is a big deal, it's step 1 in the community taking ownership over the platform, also known as decentralization. I could post here how you can change your witness list but blindly changing it without checking out the candidate is worse than leaving the switch on auto-update from hub. So I suggest you read the article and make an informed decision yourself.
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Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Random-String-Symphony
on 23/10/2018, 08:42:59 UTC
The distribution to those who hope for a performanceless (finally Fiat-)income is a waste of time and energy and certainly does not increase real demand.

It is clear that very few of the community will support this idea. Who has so much self-determination and initiative to open their own shop?
One wants to draw something for free, and exactly this virtue is served by the Byteball management. And that's exactly why it won't work with the desired broad distribution. Because nobody knows what to do with the received "Bytes".
It's not just about distribution.  Don't be fixated on it.  The purpose of this real name attestation campaign is to create a large user base of users with real identities, which the apps can leverage.  No other platform has or is trying to create it.  Undistributed funds help create incentives before the actual apps exist.

I would very much like to offer my goods on Open Bazaar for "Blackbytes", but I can't do that.
We have a grants program for those who want to create an Open Bazaar for "Blackbytes".
First of all, you should make sure that this currency is to be used as what it claims to be: a currency. This would put you ahead of the competition.
Gimmicks that need a KYC can still happen.

Also the distribution of the bites would find really increasing spreading and would not reduce itself in the long run only on a small basis of bite ball fanboys with their unshakeable uncritical faith.

Furthermore, the ignorant adherence to "bite ball" is more than a hindrance to acceptance.


KYC is not just a gimmick, user controlled identity can also be used instead of passwords for instance. Many use cases for this.
We're not ignoring the criticism on the name, we're actively addressing it.