Bitcoin Forum

I truely believe while Bitcoin will always be number one there is a need for greater security. Thats why I went all in on Xtrabytes as it seems like the only coin that solves the flaws of POW and POS (51% attack). In time that will be I believe the only thing that matters in crypto ie security. Which is why it is almost a definite top 10 project. I could be wrong but I doubt it.

https://bitcointalk.org/index.php?topic=1864397.0

I do agree that XBY has a load of potential, but I prefer to diversify my portfolio && to never go all-in. Never invest what you can't lose  ;)

I really mean my speculative investments. I still hold some btc
 

Nothing about it is promising in its current form.

Other than every node has to sign blocks not just one, it's just another coin with masternodes and with the worst naming scheme and acronyms I have ever seen. And even that system will probably have its own issues.

51% attacks are very hard to pull off and I don't see how a 51% attack isn't possible with Xtrabytes. Not with hashrate, obviously, but with node count. If only there was a white paper.

I get that its dev team is not the one which started it but the coin still stems from a premined ICO scam which will forever stay with it.

And now each transaction costs like $3 regardless of transaction size to gather funds while one coin used to be 1 satoshi. As if the devs didn't buy bags of it before resurrecting it.

So with the transaction fees no real world usage is expected anytime soon and even the devs say the project is experimental and they might not be able to deliver.

How many XBY do you need for a static node and which exchange do you think is the best to get XBY at? And what wallet do you keep it in? Thanks.

Unfortunately the major liquidity is on Yobit (yeah I know) for now. If you do buy there I recommend getting your coins off there as soon as possible. They have wallets I use Windows and OSX.

Hey listen whatever you do look at the coin yourself and don't take mine or any word on it.

Ok thanks, what about the second question, how many coins do you need for a master node and is it worth it?

PS: I'm synching the windows wallet right now, it worked out of the box to be honest that's a good sign i have strugled with bunch of wallets and config files and all that crap this one looks like it's going to work and I made a new address will try to send some coins. Warning CCEX charges 100 XBY to withdrawl.

I don't have a master node as I bought after the deadline. I think it was 500,000xby back when the coin was cheaper. There is talk about a second round Static nodes but I really haven't found the info about it and i think its not decided yet. I'm a bit cold on getting a second round node as I think it doesn't have the benefit of receiving service fees they plan like storage fees just transactions fees which isn't so interesting to me. You have to look into yourself i'm afraid. 

I hate to bang on this again but even though I did start this thread there are 2 things I really now try to avoid, online arguments and heavy investment advice, I used to do both and it hasn't always been good. I always say, research everything yourself first hand. All crypto investments have risk and this has plenty. Otherwise good luck.  :)

Ok, that's fair. I got a small position and moved it to the Windows wallet. Lets see if the DEV team can do what they say they will if they do it will be worth some money.

When a coin is mentioning 70,000% increase in 4 weeks in its OP, guess what I'm doing? :)

I was thinking to buy some XBY when the price was 50 sat but I decided don't buy and I missed a lot of profits. So, it was my mistake, unfortunately. Happy early investors  :)

I think they were trying to communicate how rapidly the coin has grown. This is a community coin don't forget so don't be too critical of the marketing. This isn't a polished ICO who asks for 5000 sats buy ins. Remember NO premine, developers simply bought along with everyone else. Fact is the price stated at 1 sat for almost no time if you go look at chart. I was one of early buyers at 30 sats and back then you couldn't give it away no one wanted it, thats the reality. Look a bit deeper guys this tech is something revolutionary I think.


I actually find the open and honest communication quite refreshing. I mean what ICO tells you its experimental and could all go wrong? When actually thats a reality for many of them. Look past all this and consider the technological step this coin might be making. Thats all that matters.


And just so people know none of the communication comes directly through the actual developer who is Hungarian with poor English and is deaf.....so expect a few communication hiccups. He did however work at one point with Peter Szabo the famous late Cryptographer with McAfee.

Another plus factor for XBY id that it has a smaller distribution compared to others that it reaches billions. I think XBY is doing good in ccex and other exchanges. Me too got my XBY from a twitter campaign if I can remember and I also bought from exchanges. I hope it will continue to grow.

I have enough for a static and will hold as I keep my portfolio diversified.  Get that static chain going, retire the old chain, and get it on bittrex, and it will gain more credibility.  It's definitely useful in some applications but don't think it will necessarily be the next big thing... Pascalcoin which has block chain trimming would be once the tech matures. Being able to keep the chain size around 6GB like they promise would be huge.  Combine that with child chains and you've got something scalable. Both promising coins with unique features though, especially at their respective market caps.  I just wonder if requiring every node to verify would make it less scalable... Maybe it would be more scalable.   The coin that can make the fastest confirmations will be the next big thing... I'm talking it showing up in your poloniex account under 60 seconds after sending.

In any case I'll keep holding as I try to find coins that have unique tech of any sort.  The dev is pretty straight up too. Good guy... And the main programmer is very talented.

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thanks for your shares ,I am a newer and I will pay attention to this coin

No disrespect. Its just sound bad.... especially for a new currency.

I dont blame you at all to think the way you do. Its just ironic  that because its so open and honest that it comes across as scammy in some way. I cant remeber a project ever developing like this before. The developer basically lost money in a scam ico.and instead of putting his plans into an ico he decided he could use this scam for initial distribution saving initial investors their money and building his project. As close followers we have found the project to be all about genuine integrity.  The coin sat on yobit for almost nothing for a week before I saw it. The developer could of bought those coins knowing he would release his plans and the price would rocket but obviously he didn't. I probbaly more than anyone bought coins cheap with very little buyers to compete with....honestly I couldnt believe my luck. Even after buying i shrilled a lot telliing people it was going to be huge but at least a week passed and still no major buying.  I dont feel bad as ive missed all the major coin rallies this year nem.eth all of them.

My point is I think the OP was trying to make claer that even though this coin started so low its not a shitty project.

I really don't security is going to be an issue with Bitcoin. Nothing less than a coordinated attack by multiple governments will take it down at this point and it is only getting stronger. And if Bitcoin was attacked and destroyed, it is at that point we would see altcoins proliferate like ants and flies at the city dump. I think that governments knows that. They would have to shut down the internet to stop cryptocurrency. And if the internet is shut down, guess what, Xtrabytes will fail too.

TL;DR Xtrabytes is security redundant and will fail...

If you were completely new to crypto and you were the head of some company wanting safe storage etc for your company would you a. Pick the blockchain that we all know will be incredibly damaging to environment due to electricity wastage and has a .001% chance if being hacked or do you choose b. No wasteful electricity usage and in theory 0 chance of being hacked?  Even taking the POW side away why choose a less safe option over another all things equal even if the risk is tiny? That margin of difference is why one steel company. One glass company one pizza company  etc beats its competitor by being marginally better..absolute.security will be everything I agree with the OP.

Also the project is much more than the base coin with a whole platform of modules planned. Plus its virtual chords layer means its infinitly scalable.

No one is saying bitcoin is going to be made obsolete but when security is a must then people will be choosing the zero risk option. Its market power is obvious to me honestly.


Also there are more risks than many want to admit to. We have a potential mining attack with us already.

https://en.bitcoin.it/wiki/Weaknesses

I'm usually pretty bullish on unique altcoins that are undervalued and have an active community. However, for some reason I just can't get myself to jump on Xtrabytes. Maybe it's because most people who talk about it just seem like shills and can't really qualify why Xtrabytes "is the future".

Who knows though, maybe it'll skyrocket and I'll look back at this post and wonder why I didn't just jump in while it was cheap. That's just the way it goes I guess lol.

I agree what you are saying and its due to 3 things.

1. Only really traded on Yobit so far which attracts the worst people in crypto in my opinon. All these guys know is pumping and dumping coins. Thankkfully they don't own much and are constantly selling to buy some absolute shitcoin pump.

2. The devloper is deaf, Hungarian with very little Engish and all communication has to pass througha guy called CCReveloution. So the tech doesn't always get explained as clearly and directly as most projects would like unless you follow very closely.

3. The project is so young its just finding its feet in terms of gathering a team of developers etc. In such a short time they have gone such a long way though its hard to fault them.

So, what I gather from a brief read I gave the coin, that there are deep security issues in Bitcoin and that there are those out there that are going to control the system and take your coins?  You are under this belief even though this has not happened to date, when some of the biggest chances for it to happen have come and gone. 

Xtrabytes，taking bitcoin security as an entry point is a good idea to do something
Where can I see the introduction of this project,and what's the progress of the project now? Is it on the trading platform?

What would need to happen for Xtrabytes to really take off?

I hope I could able to buy this coin but sadly I only trade in bittrex hoping to add this coin in bittrex soon if it's added there then I will surely buy this coin.

The project is in development. So if you think the rise of the last month is anything to go on imagine when the tech is done. Probably by the end of the Summer we would be completely done and on a big exchange...thats simply my guess.

Really? It takes all of one minute to set up a yobit account and send some btc...another minute to download an xby wallet. But whatever its up to you. 

You think a better option is to alter the decentralization of the coin and place its control into the hands of a limited set of nodes, becoming a centralized, governed coin.  That is, of course, your choice to do so, but that would be the moment when the coin that you speak of would leave the auspice of the crypto forum and go into another area, as it no longer meets the standards of decentralized currency.

you went all in?! dude never go all in! this is how them crazy busto/success stories come from. I wish you luck, although from the looks of it your looking pretty smart right now  ;)

The developer is committed to crypto and decentralisation. For one thing all nodes are empty of funds and are instantly taken out of play if they are attacked. And in terms of ownership If anyone managed say to find EVERY single node owner (which will also include future nodes cause Static nodes are Service paying but are also joined by lower level nodes for consensus) forced them to give ownership over to you then yes its possible but as humans don't have Superman skills yet its secure. Also If someone did the impossible then they would simply be attacking their own money to do so. The system would simply halt not collapse until a good node returned as it only needs one node. Remember consensus is not from the nodes but from the already completely transaction which is mirrored by a VIRTUAL layer that can't be touched.

Good luck with showing that guts to invest all you got into a single coin,first and foremost the coin is not listed in any major exchange and hence i wont see it growing before getting listed in Polo or bittrex or any Chinese or Korean or Japanese exchanges.If the developers could provide a decent plan they could be listed in major exchanges but i am not sure about the fees to list the coins.Lets see whether it will be listing in the next four months.

The decision not to list on bigger exchanges like.Bittrex is the developer teams decision.  We were worried about yobit so we added cryptopia. The fact is we are in early devlopement the so its wise not to move to bigger exchanges, this project is risky, not for the weak. Trust me when the decision to move to Bittrex it wont be hard as we have had probably the most consistent vol that yobit has ever seen.

If the team wanted a pump and dump they could already be on bittrex this is a long term serious project.

Perhaps Paypal and Google Pay have their own forum for systems of the that nature, or even a government control website where you can gather with other like it.
 

You were right! The developer just revealed 2 modules from the planned platform on GitHub. This is going to explode as a rival to ETH.

https://github.com/XtraBYtes/core/commit/8497de10fdbc44506880412c3825d486b0a5c197

Sounds like what happened with Bitbay.  Zimbeck caught in a scam ICO, and instead of abandoning the project, he worked 3 years with no dev fund to create one of the most under appreciated projects today.  I will look into xby.

I guess it's a similar starting point. But quite a big difference is Zimbeck was a big part of team when he realized he was in a scam, did he recieve any money from the scam? The developers of XBY were just small investors in a small exchange ICO sale that hooked up. Borzalom the developer just saw it as a good way to put his ideas into practice, actually now it won't have one line of code from scam, whole new concept and project they have moved onto a new coded chain.


One thing people forget is many tech developers don't actually care about money like many of these ICO teams do. Borzalom is similar to Zimbeck in that he just wants to code something great. Maybe there is some pride and desire for significance in that but money with the really genius developers isn't as big a factor as many of us think. Satoshi also I think didnt care about money, that's why he doesn't touch his stash. Borzalom has stated he wants to create something that changes and helps society....I personally think he will succeed. People will come to realize that XBY is a far better platform to build the future that the shaky flawed insecure ETH platform. Smart people should at least research this.

Satoshi didnt care about money
Gave himself 1/21 of the total BTC supply

CCR must be paying you in XBY to constantly shill on here

And hasn't touched it genius. Would you do that?


So ironic by the way on shilling for CCR comment as I've been his biggest critic. He's inexperienced in running a community but he'll be fine and the tech is BORZ baby anyway. Once the core is done we will see lots of developers choosing it I believe.

Zimbeck was on a team of 4 i believe and the only developer.  The funds raised were supposed to be used to bring on extra developers, but were ultimately stolen.  Still to this day he is the only developer, but the amount of work that he has accomplished is extremely impressive.  To me talented idealistic developers are the best investment you can make, as they are most likely to stick with their project despite any lulls in the market.  This is the first i'm hearing about XBY but i'll def look into it and it's history. 

Haha riiiiight....guy spends god knows how many hours working on a project and "gives" himself 1 million coins that were worth so much at the time.  How exactly did he give them to himself again?  Was it a premine?

Hasn't even touched his billion dollars worth of coin.  Greedy bastard is probably waiting until they hit a trillion :o

Extrabytes is not yet awaken, but when it does it will be very valuable. Its uses is not yet realize as of now. In addition it has a limited supply also.I think it is still in the accumulation stage.

We need to be careful in investing in some altcoins out there specially if that coin is not popular or not well known by most of the bitcoin or crypto users because there is a lot of pump and dump coin and based on the price chart of that coin, it shows that it pumps from a very low single digit satoshi price into an average of 3 digit price satoshi. I think it is not a good idea to go all in unless you really know what you are doing and you are sure that the team behind that coin are good people.

It was still undervalued in market only those who knows it potential were accumulating big amounts so if its ready and seen in market the price would be unpredictable. I got to visit the thread now because im curious on the OP post why he do all in.

The project looks good, but coin mining takes a long time to gain wealth, like ETH etc, but the richness of coin mining is durable, unlike other projects

You hit the nail on the head. Its the crazy developers that are passionate about the work that barely seem to give money much thought. Im basically investing in the talent and vision of Borzalom. The guy is a coding machine, going on teams feedback he just codes...and codes....and codes and doesnt stop if his house in on fire. Thats the kind of developer you want on your team.

Not sure i understand what you mean as we dont have mining. But one thing i do know is innovative tech always...always succeeds in the end.

It does look interesting. I am yet to jump in on it.

Where is anonymint when you need him to give an in depth analysis.

If I can get in at 200 sats I'll risk a bit on it.

Any news about this coin?

Luxcoin is a PoS/PoW hybrid too. But XBY has a lot more to offer services wise. Plus XBY is distributed much more evenly compared to Lux. So price volatility should be relatively better. Lets see where these 2 projects are after 2 yrs.

This coin is just hype and vaporware, they lure you in with shilling and flash and dump it when the going gets rough. They don't have a working product yet either. If you look at CMC, it was pumped to 5800 satoshis (YES, 80 Cents and ONLY based on hype and shilling!) and was dumped all the way down to under 3000 while bagholders got stuck with the bill. So I repeat, pump and dump vaporware coin.

Think for a moment. have you ever considered why this coin is shilled so much when the testnet won't even be on the zoltchain and there's no proof?