Bitcoin Forum

No ICO, NO POW, NO PREMINE, NO POS.
Unlike any other blockchain. Uses static signed nodes and a CHORDS system to check consensus. Now this system solves any scalability issues, the 51% attack problem of POS, is more secure than any other blockchain as unlike others instead of chasing a random untested node checks across a selection of signed, trusted and static nodes using CHORDS. Its is also far more efficient that anything that has gone before. Also assuming the developer isn't lying they actually worked with Peter Szor a giant in the internet security industry who died a few years back.


Probably this is the easiest way to explain how CHORDS will work in theory.

https://www.youtube.com/watch?v=q29szpcnorA







https://coinmarketcap.com/currencies/xtrabytes/


*The project is only a few weeks old as they go live at 50k block, the community is exploding on slack mainly from only YOBIT (unfortunately) users hearing about it. The community is young and the logos etc are all shit......just accept it.

https://young-basin-20186.herokuapp.com
*You only have 24 hours to register a node, after that period you won't be able to register one of these special elite nodes (thats why I thought it was fair to tell others in the wider community so no one can say they didn't have a chance)

look potential. Let me think about it. I will spend time to learn and read about its technology. It is very great if we can avoid attack 51%. But if it can not be mined, how can it be created?

It started in a really unusual way. There is a big back story to it but simply....There was a scam ICO on CCEX called BITMOX, people worked out it was a scam so among the people scammed was a developer and a marketing guy, they talked and decided to get CCEX to fork the coin and try to do something with the coin to salvage investors money. Well the story continues and in the end the developer realises the old coin is a mess and now is building a side coin. So before they really announced his ideas which supposedly he was fermenting for some time it sat on YOBIT for a week at less than 40 sats, then increased quite a bit in last couple of weeks.

Short answer its basically 100% distributed with 1 scam ICO and then sat on an exchange at very low prices for a week. lol


Ive never seen or invested in anything like it fro good or bad, in terms of tech or community creation. It deserves a look thats all I think.

I did tell you guys this one was going to blow up! ;D

No ICO, NO POW, NO PREMINE, NO POS
all NO then what is YES for this one

do you know How much total cap for this coin ?

would you like to tell me some specific reason for this quote,, ?
this is new altcoin and who knows everything will run in good in the future
because there is a lot of new coin become useless

People may think you've something, expose this coin and it seems you are one of their team, just wild guess.
But, you did good and I'm interested to learn about this coin.
Honestly, why the title > a bitcoin killer? To bait more people?
None of altcoins could kill bitcoin obviously, compete maybe as some coins has good potential to reach a half of bitcoin achievement.

I admit to a little bit of Hyperbole cause I didn't really think Bitcoin will ever stop being king BUT


Hand on heart, the facts are there, this coin does actually seem to solve the issues of Bitcoin. At the very least its just as interesting as an IOTA or BYTEball in that they are going about doing the blockchain in a radically different way. The difference is coins like IOTA is already passing hands at 250m before it hits exchanges and XBY is almost unknown and is nowhere in terms of marketcap yet. 


My big thing is go research yourself. It doesn't need hype, but its deserves to get in-front of people eyeballs. IMO

Luckily I bought back in just before the rise today. Gonna hold and see how far this can go.

I will monitor this one and i heard about this coin from a slack conversation a couple of weeks back but since it is traded in Yobit i did not bother to enter in it because i see a lot of coins in Yobit and if the coin has the ability to get into bittrex or other similar exchanges then you could see some good investors.

XBY have a potential. At least they don't ICO as lately I'm very suspicious to 99% of them.

I will watch it and maybe buy some, but I'm a little scary that the 'pump' part already begun. As the trade volume for the past 24 hours is a whooping 118.51 BTC!

This is a red flag for me. Only 24 hours notice? This is my first time seeing the thread, so I think I can reasonably say that "I didn't have a chance".

So, now I can't start a masternode and cannot earn a percentage of the transaction fees.

This is similar to an instamine, but it is an instamine of masternode privileges. It is definitely unfair to those who find out about the coin after you cannot setup a masternode...

Maybe it is still within the 24h period you claim, but I still will not participate in solidarity of all who will not find out about this coin until after that timeframe. It is unfair to them.

Any cryptocurrency with such a scheme will never gain users and adoption, as the early adopters are given an unfair advantage.

NEM is the best Bitcoin replacement if you do your research.  ETH is the best service platform. What does that make ripple?  I'll let you decide.

It might be a reg flag to you but its incorrect. The nature of static nodes means they HAD to be set up by 50K I believe due to it actually needing a FORK to do so. These elite static nodes don't function exactly like master nodes, they will collect fees but the major purpose is bigger and they will collect fess from SERVICES. You can still set up what you understand as fees collecting node still, though I think there is a technical limit of maybe 1000 wish due to again how the nodes work and you can reset the price of the nodes like average floating nodes.

Research more deeply. And I don't think fairness in crypto is really a thing anyway....but this one is about as fair as any other coin, probably more so. For one the developer doesn't appear to own much.

Did you forget ETH's DOA attack a few months back? ETH can never be a currency as it has no hard cap. If we want no hard cap we can use fiat and VISA.


NEM is kind big and inelegant in my opinion. And of course is POS which has known flaws like 51% attack which XBY doesn't have.


Ripple is centralised massive premined corporate bank owned bullshit....and is horrible to actually use BTW.

goes live when ?
on block 1 or ..fuck off  ::)

Your reply says what now ?
Contradict yourself much ? hahahha

This sounds like one hell of a fucking mess.
And i sure as hell do not trust any coin in history that had a "Community take over"
..such as Monero.

Bitcoin Killer my fucking ass  ::)

Who should I believe? LOL

and we are talking about 650,000,000 coins by the way not just a small amount and all of it is ICO 100%

and listed on Yobit! come on, that is screaming fake pump and it is being fake pumped as a matter of fact.

---

with that said, i am very interested to know more about CHORDS system can you give me a TLDR ELI5 version.

You don't get to say something is bullshit and then ask for information. How about you get off your ass and find it yourself, another lazy thinker.

And if you knew anything you would know 99% of the XBY community and the developers hate Yobit and want to get on better exchanges asap. The truth is XBY has been FUD ed and price suppressed since day one on Yobit by scammers. The project is 3 weeks old for fucks sake, you can't jump onto Poloniex that easy.

NFD coin started in a similar way. ICO raised 70 BTC and owner ran. New dev team distributed the coins as the scammer left a good ledger of investments.

It ran for a while and then merged with horizon. Not sure what the status of that is now, but I think it is pretty dead.

Interesting, maybe the trend now is taking dead coins and doing something with them instead of making a new coin.

To be honest the only connection this project will have in the end to the original ICO is it was part of distribution story. The developer after cleaning up the code decided in the end the original coin was too shit to build his project upon so now we are actually running two blockchains mirroring each other and the old chain will be abandoned. The developer seems pretty competent, susposedly working with Peter Szor at one point. He's also almost completely deaf!

Yup.. it's NOT an ICO.. but well.. it's an ICO  :D
Even better "Community Take Over"  ::)

Yup.. Bitcoin is dead now guys ..it's official.

Oh and i like how my topic got deleted for being trolling yet this ADVERTISING is still here.

People had about two weeks to set up a node not 24hours.  Wanna know how many were registered in two weeks?

500!

Third of supply taken out of action. If it a scam a lot of people have been fooled lol. It's legit, personally I like the community amateur start to the project, I'm tired of ICOs taking a few million BTC, and investors end up with a coin that often drops in value. This seems old school crypto to me where propelled can get in on the bottom rung, love it.

It sat on Yobit for 1-40 sats for a week free for anyone to buy as original ICO were happy to dump it to get their original investment back. If you missed this then I guess it's same as missing Bitcoin at $1 is that our fault you missed it?


No one is saying Bitcoin is dead.....don't be a dumbass.

as i understand it there will be further chances for static nodes,
because of the need to hard code them block 50k was used to implement the first bunch.

no pow can't be a bitcoin killer any no pow is not a good coin, it's bad for distribution, early adopters will always get the majority of the coin and dump later, with pow you ensure better distribution, because big hash can't mine small coins and thus you have more room to distributo to small miners

I don't understand. What you mean. Do you mean no POS is not a good coin? Well you will have to take that up with NEM lol.  distribution so far on this one has been pretty good I would say. People have had more chance of buying cheap than any ICO POS distribution I can remember. I bought freely under 50 sats, you couldn't give them away a few weeks ago before the plans for the project started to seep out.

There won't be staking on this coin. It's not POS.

I never liked POW in terms of distribution cause I could never work out how to mine. It made for geeks and computer nerds owing all the coins. That's another debate anyway, it's been done to death.

Airdrop probably. It do't usually work because its all going to be dumped.
I have no idea how this is going to be a bitcoin killer when it needs to have at least 10 billion marketcap to be considered one. And even with 10 billion cap, it going to be hard for it to replace btc.

Ok I will change title, it wasn't meant to taken literally, geez.  But could is fill in the gaps/flaws BTC has....possibly, that's the question.

The only thing this will kill is the investor's wallets. :D

No premine is a huge thing. It is always a good sign to see those things :). I am reading more about this now looks interesting for sure. Everyone be aware, premines are seen as shady by the community, but sometimes you need it.

Totally stange methods and ways... Easy to adopt? I don't think so.

One thing i've noticed with really smart developers in contrast to the usual bunch of ICO polished assholes is many of them don't give a shit about money. There is enough evidence now that the developer is a very honest and already wealthy guy anyway. Smart guys I find tend to be motivated by solving problems etc. Coins sat on Yobit for less than 30 sats for a few days, the developer could of bought as many as he wanted knowing he was about to announce his plans, but he didnt.


It refreshing not to have an ICO, this could of grabbed 1-3 million for the developer easy.

I'd be here all day if i addressed the never ending onslaught of stupid commentary posted.
I will sum it up with this.. LOL

Oh and nice stealthy topic title change hahahah
Ohh no one said that ?
Uhmmm yeah look at the title on most of the comments ;)

Says a lot when these guys have to lie about the topic title  :D

Have fun with your ICO.. and yeah i ran straight to yobit to buy dem cheap ICO coin'z nom nom nom
I was scared shitless i'd miss out on ICO ROI'z  :'(

OMG Moon.. the dev or what ever is rich.. so you know.. that means they don't want / need money.
I can't believe the idiotic shit you guys post here non stop ahhahahha

..anyone roped into crap like this gets what they deserve.

In my opinion they are all really great when you are investing in a long term investment i do not see anyone who dont get a cashback and a great rebate in a long term investment that is a really good strategy in trading i guess.

attack proof i like that

I am interested in this coin, I would like to know if what the developer is saying is legit? If it's all true, the price of 400 satoshi or whatever it's at now is ridiculously cheap....can any legendary members or the likes please chip in? I'm curious.

I read the ANN thread, and I'm thinking it might be legit. The lead developer was scammed out of his bitcoins, and then instead of laying down and taking it, they relaunched the coin. From what I understand, the people who had the old coin still have xby, or at least had a chance to buy in at 1 satoshi....which is dirt dirt cheap. I really wish I was one of those people now lol. So the guy relaunches the coin, after filtering out the old scammed coins, works with ccex and makes sure everyone who was scammed is able to get their money back. I want to err on the side of trusting this story. Though on the internet you don't know.

Might sound stupid.....but it's all true. I changed the topic title cause People were reading the title literally. It's not my fault some people don't have a perfect grasp on the nuance of the English language, yeah I include North Americans in that too lol. It's was a rhetorical question with a hint of hyperbole.....don't worry I dumbed it down for dummies now.

You should know they will latch onto Bitcoin Killer and run with it.
You used the headline to get attention.. and it worked.
Trust me i know about it.. half my neg-rating's is over a Monero topic title (that didn't go over well)  :D

I think this was a botched effort from day 1 and i do not trust ANY "community take over"
And the topic has succeeded in lying to the masses..
It's not an ICO ?

It was an ICO though.. you are lying.

I have read about so many projects promising to be the next best thing, but in the end they are justhere to make themselves rich. I think a project is as good as the quality of team behind it, I will read more on the project and see if they are serious about the project or not.

In the end smart people check stuff out themselves. Fools make up simple rules like a pos is a scam or an ico is a scam etc.

My conclusion is the devlopers in terms of ethics are stand up guys. The guy helpjng the devloper talks a bit about his faith, some could mock that but he comes across as very genuine. The developer worked with peter szor, he isnt some dumb milenial hoping to make money for a sports car. Only thing i dont like about the project is cause it started on yobit quite a few low lifes bought early. But generally the community is growing and commited.

No one said an ICO wasnt involved at one point though its misleading to say this was an ICO so its you who is twisting the truth.

I wouldnt call it a community take over either, Its more a devoper salvaging ico coins and using them as a starting point for his own project. It bears no resemblece to the scam ico project.  Anyway people have been open and honest and the OP makes  clear this is risky and experimental. The only dishonesty im seeing is from you.


*was i creating intrigue by the title so people would maybe read what i was saying? Probably but if thats my crime wanting people to read what i post then take me away officer i deserve the chair!

i didn't call it "bullshit" you did. i simply pointed out what OP said about its ICO and how that is contradicting with what the official announcement topic of this coin is saying.

and me being interested in "CHORDS system" has nothing to do with the project being good or bad or the fact that it indeed had an ICO. and it is not laziness it is the fact that i value my time a lot. and if i wanted to waste it on every new "pretty" feature a new altcoin is giving i would be sitting behind my desk reading stuff online all day long and getting disappointed in 99% of the time because that feature was just "pretty" looking from afar.

hahah Ok I will write in small letters because the truth doesn't need theatrics.

Everything I said is true.



1. I explained fully how the coin got early distributed and the back story in my second post when asked, yes an ICO was involved but to say this coin was launched as an ICO is simply as inaccurate as saying it didnt. Truth is like I said the ICO coins were forked and early investors mainly dumped their coins on YOBIT and CCEX over the course of a few days when the project seemed to have no future, the idea was simply to recover funds for people scammed...... the price on Yobit was 3-30 sats for about 5 days with very little vol....hardly ICO distribution as people understand ICO's now is it...


2. There is no POW, there is no POS (no staking) the nodes are static trusted and signed, thats the whole firkin point dumbass)


3. There was no Premine, we don't really have much of a development fund, as its purely volunteer.


4. There WAS only a day to two when I posted about the static node deadline, actually I don't even have one myself, they were available for about two weeks. I am nothing to do with the leadership of this coin, just a buyer who likes replying to fucking stupid questions. lol

** But the point is these were STATIC nodes, we can still make a few hundred more nodes I believe. These are not normal nodes, they must be hardcoded in (I'm not technical so dont ask) So these had to be done by 50k block so we all as a community scrambled to do this.




Those ARE the facts, honest and truth. Though I wonder why I bother cause probably you are just trying to FUD to buy cheaper for all I know.