Also I'm not sure the master nodes act exactly like master nodes If they are required to run the network, then they're a point of failure. That's assuming of course, they are just like masternodes in other coins. If they're something else completely but for some reason they're using the term masternodes, then if could very well be ok. And yep, it's always good to review a white paper. Not just for information on how it will all work, but a white paper that's written more as a marketing tool tells you a lot as well. A "real" white paper will include a whole lot of technical content with a variety of formulas, analysis of attack vectors etc. Yeah they aren't actually using masternodes, they are called STaTicS. Not sure the developer got the memo on different sized letters looks silly. But yeah they are Static nodes are hardwired? Later if someone wants to sell them they there will be system to swap to new user. I don't know how this works, dont ask. The white paper will come. Its not a normal development process as it was a fork of a scam only a couple of months ago. So they are busy moving to new clean chain and actually doing the coding before the white paper. I guess its around the wrong way but most projects have an incubation period before they announce but this just wasn't possible, its all moving in real time with the design still in flux to some extent. Plus the developer is a Hungarian with very patchy English and is Deaf!! On a positive note he supposedly worked with and knew quite well Peter Szor the famous internet security developer at McAFEE....its actually this that makes me think he probably knows how to make something secure. |
|
|
|
How the XtraBYtes Blockchain works.As introduction XtraBYtes is a newly invented algorithm that does not require any traditional type of mining support, such as: POW or POS. We have created something called Proof of Signature (POSign)which ensures that 100% of all blocks will be signed by the system when they occur. The blocks are signed by the network of Master Nodes after verifying the transactions in the block. Typical P2P Networks work something like this……https://medium.com/@xxxxxxxddfeutt/how-the-xtrabytes-blockchain-works-69979081bf42XBY: Unique project and great opportunity at this price ! Great read! I'm super positive about this one now. |
|
|
|
Any chance of XBY hitting $10 in the future? Bought 100 bucks worth when it was 50 satoshis
It is possible, like XRP, NEM, that no one ever thought they would reach today's price. I sorry to tell you guys ,you are having daydream! XRP and NEM is operation by a very powerful company~That's why they are price upupup NEM was a community started coin with a market cap of 1m at one point....check your facts, then you don't look stupid. XRP is a corporate bank linked project with a MASSIVE premine, and everyone hates them because of it. |
|
|
|
I know you think you are promoting this coin but what you are doing is making it look like a shitcoin PnD....zero info about the technology just hey I made some money on this shit....piss off already. |
|
|
|
Shure but the comunity has invested in Static nodes almost 50% of supply of XBY is off the market (locked in nodes) this thing is gonna pump to like 10k satoshi before crashing ..look at PIVX ,MUE ,DASH all have pumped hard because of MasterNodes/Nodes
Why is every prick on this forum these days only able to understand the language of shitcoins...pump....dump!!! IM FUCKING TIRED OF THAT SHIT!!! It not pumping cause of nodes, its RISING cause of the technology is ground breaking. I just wish this coin didn't have to start on YOBIT, so much stupid scammers who never even used a wallet trying to pump and dump XBY....ITS NOT A SHITCOIN!!!! |
|
|
|
|
There is an idea in my country, similar to if its not broke don't fix it..
What it says if you say have a successful restaurant etc don't change it. There is some truth to that because people need time to get used to news things. Exchanges basically all do the same thing, what people like is familiarity so messing with layout is almost like starting again for users.
|
|
|
|
|
I'm a huge believer in XBY ExtraBYtes. It's completely unique in crypto how it's secures the blockchain No PoW, no POS but uses signed trusted static nodes using a technology called Chords that coordinates consensus.
Nothing like it, it will be a top 20 coin, it's just a matter of time. I don't see anything that can touch it over the coming months.
|
|
|
|
|
We really should all be using a decentralised platform by now. Isn't Bitshares working well?
Whatever becomes the big exchange will be some a target for hacked and I'm guessing the NSA to screw up. It seems like a process where etc he's go from on a journey from shit to popular then get hacked and it all starts again. Bittrex was known as a shitcoin exchange a couple of years ago. Bittrex needs a trollbox.
|
|
|
|
How can I upload an Avatar on my Profile ? Tried to do it but the option do not seem to be available.
Any hint ?
You won't be able to as a newbie or lower rank poster. |
|
|
|
|
Also don't forget there will be a secondary market for Static nodes later. But expect to pay a premium for getting one, but I do know m any people who have a few are willing and wanting to sell them.
|
|
|
|
|
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.
|
|
|
|
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)  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. 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 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. |
|
|
|
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 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.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. |
|
|
|
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 ?
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. |
|
|
|
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=q29szpcnorAhttps://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) 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. |
|
|
|
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.
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. |
|
|
|
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) 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. 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. |
|
|
|
I actually bought 1.5 mill when it was at 50 sats, but I have been so busy I didn't set it up. That's more than enough to set it up. I was just making sure I could sign up later on. I don't have the time for it right now.
However, I will be getting more involved as this project moves forward.
One of the most important steps at this point is to write a whitepaper. It will be a hard endeavor, but we should have someone working side by side with the devs to help them edit and write the whitepaper.
Most developers are not writers and don't have time for it. We can't put all the work on the core team members. Whoever is in charge, please write me directly. I should be able to help out with the whitepaper and editing.
The guy in charge is CCREVOLUTION maybe message him if he dose't see your post....and welcome. |
|
|
|
I did tell you guys this one was going to blow up!  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 |
|
|
|
|
Show Posts
