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| comment | | "parent_author":"",<br>"parent_permlink":"byteball",<br>"author":"vindyne8",<br>"permlink":"another-q-and-a-from-byteball-dev-tonych-1-29-2-4",<br>"title":"Another Q&A from Byteball dev tonych (1\/29 - 2\/4)",<br>"body":"Some more *Q* & **A** from the main post on BCT forums here: https:\/\/bitcointalk.org\/index.php?topic=1608859.0\n\n*Q* = question from a poster.\n**A**= answer from dev - tonych\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q: How will this change going forward regarding the witnesses? I mean in the selecting of the 12,<br> how long do you plan to carry the whole network?*\n\n*So if I understand correctly the witnesses are the ones who receive the payload commissions for each transaction. \nWhere can we find the info on how much commission are being generated for each transaction?*\n\n*What about the headers commissions where can we find this for each transaction?* \n**A: You can see all fees in the explorer https:\/\/explorer.byteball.org**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n**A: To secure against loss of the wallet,<br> I recommend that you use multisig. For example,<br> 1-of-2 multisig with one wallet on the phone,<br> the other on a desktop computer. This way,<br> the private assets will be automatically copied to the two devices.**\n*Q: Interesting,<br> will it work if one of the devices is offline?* \n**A: Yes.**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q:Uncaught Error: More than one instance of bitcore-lib found. Please make sure to require bitcore-lib and check that submodules do not also include their own bitcore-lib dependency.*\n\n*Secp256k1 bindings are not compiled. Pure JS implementation will be used.* \n**A: Please make sure that the program is started from \"C:\\Program Files\",<br> not \"c:\\Program Files\" (with capital C). If it is not,<br> edit the paths on the start icon. There is one oddity in how node.js works on Windows.**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q: Was there a peer review of \"private untraceable payments\" claim?*\n\n*---*\n *- taken from the title* \n**A: I proposed similar idea in bitcoin-dev mailing list and it was discussed there. One of the responses is from Peter Todd https:\/\/lists.linuxfoundation.org\/pipermail\/bitcoin-dev\/2016-August\/012956.html,<br> see others too.**\n\n**Also there was a technical discussion at https:\/\/bitcointalk.org\/index.php?topic=1574508 and https:\/\/bitcointalk.org\/index.php?topic=1298588.0**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q: I am really interested in seeing some Byteball smart contracts in action. Specifically I would like to know if it is possible to implement a Double Deposit Escrow contract using Blackbytes?* \n**A: Smart contracts are already in action on the trustless exchange on testnet https:\/\/byteball.org\/testnet.html.**\n\n**It is possible to implement a better contract than Double Deposit Escrow,<br> see the fedex example above.**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q: With Bitcoin and most altcoin wallets you can send a transaction before they are fully synced provided the wallet shows it contains your coins. Is byteball the same?* \n**A: Yes,<br> you can (if the outputs you are going to spend are already in your copy of the DAG).**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q: Byteball uses witnesses. There are 2 ways to choose the witnesses:*\n\n*1. They are picked by every user for himself*\n*2. They are elected via global voting*\n\n*If it's #1 then it becomes possible that some users are almost isolated from each other because they have only few common witnesses. #2 leads to a more serious problem which arises if a user is faced with more than 2 options (just google why it's a serious problem,<br> there should be many links with mathematical proofs on impossibility of coming to a satisfying consensus). The problem of picking an option has already striked twice in the cryptoindustry. First it was Ripple\/Stellar consensus flaw drama when Stellar admitted to have a flawed consensus while Ripple decided to make appearance they were fine (heh,<br> they had enough money not to care about community opinion). The second time which I remember it was Factom drama,<br> now I can't find the links,<br> but in few words: they \"sold\" a flawed voting mechanism which was unfixable because they allowed more than 2 options.*\n\n*So my concern is that cryptocoin developers don't take voting seriosly. I noticed this several years ago in Bitshares. Back then I was thinking that voting is easy,<br> only after working with two professors (on two separate tasks) who were specializing in voting I got that it's all actually not that simple...*\n**A: Voting is not easy indeed,<br> and there is no voting in Byteball consensus. Instead,<br> there is a requirement that witness lists of neighboring (and not just neighboring - see the white paper for details) units on the DAG are compatible. Compatible means that they differ by no more than one mutation. This is similar to biology where the genes of a parent and child are very similar but not the same,<br> and the genes of any member of the same species are also similar but not identical.**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q: @tonych,<br> do you support the claim of SatoNatomato the Expert: \"Id say the blackbytes + Tor support makes Byteball more secure and anonymous than even Monero or Zcash.\" ?* \n**A: I think the privacy features of all 3 coins are more or less the same for most practical purposes. What differs,<br> and what matters most for regular users,<br> is usability.**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q: I think only 20% max of premine can be held by the dev to get listed.*\n\n*Tonych may be able to make them one of the multisig holders that control the rest ..so they perhaps would list it then.*\n\n*This needs to be done then. Bigger exchanges likely have similar requirements. If byteball is just listed on one small,<br> obscure exchange for another year or however long it takes to distribute the rest potential growth will really be obstructed.*\n\n*Tonych any plans to address this limitation?* \n**A: So far,<br> no exchange has told me that they have any issues with the undistributed coins.**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q: why does the OS X app try to connect to google?*\n\n*plus.google.com TCP-Port 443 (https)* \n**A: What makes you think so?**\n**There are no references to any sites (except the default hub) in the source code.**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q: Will there be a way to backup private assets via a seed in the future?*\n*I love paper wallets and it's a shame I can't make one for Blackbytes!*\n**A: Impossible by design. Too much information to fit on piece of paper.**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q: Sent my transaction from my bitgo wallet and received this message from Transaction bot*\n\n*I received 0.0015 BTC from 3QcomrVZo8T7XARRVYziJg3B8BqkzcZs2D but this transaction looks like it was sent from an exchange,<br> which is not allowed. Please send BTC only from a wallet that you own private keys for. If you think it was a mistake,<br> please contact [email protected]*\n\n*why do they think its an exchange?*\n**A: I already replied you by email:**\n\n**See here https:\/\/blockchain.info\/address\/3QcomrVZo8T7XARRVYziJg3B8BqkzcZs2D,<br> there are too many outputs that\u2019s why we detect it as an exchange (transactions sent from regular wallet usually have 2 outputs). Please use a wallet where you control the private keys.**\n<center>http:\/\/i.imgur.com\/b99q5vT.png<\/center>\n*Q: How much data are we talking about?*\n\n*If you can store the right amount of data on a blockchain\/DAG,<br> you can store an encrypted backup there. Then,<br> all you'd need would be*\n*a) the passphrase\/seed to decrypt the data\nb) some means to find the relevant data on the blockchain\/DAG.*\n\n*You wouldn't need a dedicated function for it,<br> you could do it on your own. You could store it on some other blockchain as well,<br> if you'd want to.*\n\n*Obviously,<br> you'd have to pay for the transaction when storing data,<br> so this would probably be only suitable for long term holding.*\n**A: It's megabytes,<br> and you'll have to re-encrypt and store the data again every time it changes.**\n**I'm afraid it would be too expensive to store your personal data in Byteball. Byteball was designed to store data of social value: data that matters for all members of the ecosystem who transfer money-like assets to each other and need the database to track their origins and verify their validity. When you are not using these features and only using plain storage,<br> you are overpaying.**",<br>"json_metadata":" \"tags\":[\"byteball\",<br>\"crypto\",<br>\"altcoin\",<br>\"bitcoin\",<br>\"faq\" ,<br>\"users\":[\"tonych\" ,<br>\"image\":[\"http:\/\/i.imgur.com\/b99q5vT.png\" ,<br>\"links\":[\"https:\/\/bitcointalk.org\/index.php?topic=1608859.0\",<br>\"https:\/\/explorer.byteball.org\",<br>\"https:\/\/lists.linuxfoundation.org\/pipermail\/bitcoin-dev\/2016-August\/012956.html\",<br>\"https:\/\/bitcointalk.org\/index.php?topic=1574508\",<br>\"https:\/\/byteball.org\/testnet.html\",<br>\"https:\/\/blockchain.info\/address\/3QcomrVZo8T7XARRVYziJg3B8BqkzcZs2D\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " | | vote | "voter":"vindyne8",
"author":"vindyne8",
"permlink":"another-q-and-a-from-byteball-dev-tonych-1-29-2-4",
"weight":10000 |
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