It is a pity that the coin can not be mined. I would love to do it. I think that the costs would be paid back
The thing about mining is that it generally becomes less profitable and energy efficient as time goes on. For sure the only miners that really make any money these days are people that happen to live right next to a power source that is ridiculously cheap and have invested huge sums of money in equipment. |
|
|
|
There is very little chance of this coin getting in top 10 or 20 with so many good
competing coins. I'll say getting in top 100 is possible.
That could be true at least one of the spots is vulnerable to be taking over and that being bitconnect. And if a few governments came out saying they were going to police anon coins and XMR could drop. I think the last 3 spots of the top 10 are vulnerable to any good coin right now. |
|
|
|
To board.
Xtrabytes really needs to stop this we won't ever give dates nonsense. Any project must at least give regular updates and really a very rough timescale. Even if it's experimental projects should be able to say very rough time scales like 2018 Q4 or Summer 2018 or this will take 3-6months etc or just the year! even if it's not met then at least people know it's not next week and can plan their investments etc.
Maybe I could of accepted it if there wasn't constant carrot and stick of nodes are just around the corner or coming soon and they don't or people should buy now wink wink for nodes. You just can't blame people for getting frustrated in that situation. That kind of messaging is not the receivers fault but the senders. Time for people to grow up a bit and take some responsibility that situations are being caused by them and them alone.
Thanks for your comment kubricktrader. Rest assured, there are some very good things in the works. I know, I know, you guys have heard it all before. I've been around since basically the beginning. And I am still very much excited to be a part of XTRABYTES. That said, just stick around a little bit longer. TX fees will not be the main source of income, the main income will be from the hosting of DAPPS and earning XFUEL by securing the X-Change module.
This is still a huge advantage to other coins and their versions of nodes. Even IF the system is in-development. The draw and potential is there. Hence, why I believe that many STATIC node holders (myself included) are very excited about this prospect. I also agree with Fatoshi that many of these so-called Masternode coins will all but be gone in a few years time. I actually think it is less than that. It's the new flavor-of-the-month in crypto. If you are so confident about this, along with yankeeruinx then this bodes well. I bought some XBY back and will hold. I appreciate that Gar. Thank you. There is a huge amount of potential here, just a matter of getting it channeled. Think of where we were 6 months ago. XBY was an idea about decentralized storage. In the span of that 6 months, we have had nodes registered, nodes broken, alliances, departures, anger, resentment, elation. It was announced that XBY is much more than storage. That storage would be one thing (a module) along with a host of others. A DEX was planned. XFUEL was created during this time. Testnet was started. Board member left. More came on. There was a litany of FUD. 777 was introduced. Transaction fees were lowered by a vote from STATIC owners. And now that I understand the roadblock to funding, in retrospect I believe it may have been the wrong decision. And I voted for the decrease to 50 XBY. Nobody is perfect, me included. There was a rebrand to a pretty sweet logo imo. A new website (yea yea yea, it should have been done sooner blah blah) A non-tech WP was written. Roadmap. Marketing to get the wider crypto world aware of the potential here. Even if you do not agree with the decisions made here, the way I see it, progress was made. It might not be how everyone wants it to be every time. Sure, some things took longer than others. Some things perhaps could have done faster. I prefer to focus on the future with optimism. Yea, my wife calls me a idealist lol so what . . And this progress, leading up to more things here very soon, was all done without typical ICO funding. Everyone is entitled to agree or disagree or have an opinion on the matter. But to say nothing is getting done because it takes longer than you thinks it should . . well, thats just too bad  I think it's pretty ridiculous to think this project should have a completed project at this point. It seems to me that a lot of the people who are FUD have done a lot with shit coins and think that copy and pasting a coin and giving it a new name counts as technical development. Developing new code to create a flexible frame work takes time especially with only one main developer. New funding should help relieve this and speed up the cycle somewhat, but it will still take time. |
|
|
|
It is a pity that the coin can not be mined. I would love to do it. I think that the costs would be paid back
I think that this is not a disadvantage, but an advantage. Due to the fact that the ways of obtaining coins are limited, the price of a coin will always be high. Interesting idea. Does this mean that the coin will always be scarce? Yes, probably with increased demand, the price can be very high Mining is not an efficient use of energy when there are other mechanisms for providing secured transactions. You can spend the money of buying a rig to mine on buying coin then setup up a node and you will receive more XBY. We don't know the rewards yet but hopefully that will come soon. |
|
|
|
good project, I will follow it more near
You should join the slack and you can get updates sooner see whats going on and interact with other community members https://xtrabytes-xby.herokuapp.com/. |
|
|
|
Will XTRABYTES (XBY) Be A Top 10 Cryptocurrency By The End Of 2018? Why or why not? With all the recent developments coming from XTRABYTES, could this all-inclusive platform push XBY into a top 10 spot on CoinMarketCap by the end of 2018? Anyone who hasn't heard of XBY yet can read their Announcement. https://bitcointalk.org/index.php?topic=1864397.0It seems to me that this is a very nice coin. One of the best altcoins and he will be able to enter the top 10. Top 100 most definitely, top 50 easy top 20 likely top 10 is a bit harder to achieve but all we need is a solid stable run of tech releases and new exchanges and we certainly can get there. |
|
|
|
XBY could be flying if not for the infighting. Have been watching this for months now.. Seems to me like a virus.. The community is strong, the tech is strong, the coin is strong, but could it be said about the senior members..One day it's one story and another day it's another story. Why all these. For goodness sake, community sake and XBY sake, please guys.. please don't have to wash dirty linen in public..there is a place for everything..do it the right way. These are the demons that have to be controlled, if XBY is to be a TOP 10 Crypto currency by end of 2018 and I believe it could be!
I honestly think it will only take one more tech release and the trolls will have less sway. The coordinated dumps and fud are just spreading the coin to more hands so they will have less impact over time. Just keep buying low and holding. I don't see this infighting as unique to XBY. If anything it's a lot worse with a lot of other alts. Have you seen the fights going on daily in the Bitcoin thread and especially on reddit? Or even on Bitcoin github? For every supporter there should be expected to be one or more naysayers. That is the benefit and the price of decentralization so we should accept and embrace this. If the tech is strong enough, the devs smart enough, the community solid enough, then the FUD will only make it better. See Bitcoin again for a brilliant example of this. Your right I think. As the marketcap increases you would imagine that infighting could increase. More money, more at risk, more people. Creating a system for the team to deal with this type of struggle will be key to help the success of the coin down the road. |
|
|
|
This is the right moment to buy the XBY, it is cheap now  give it some 2/3 years to grow and show this new tech its value This is just a great chance to buy coins, while they are very cheap. I am very happy when such chances appear It's good that you understand this. Many newcomers see the market fall and start hysterical. We should be sensible and understand that the project is developing in stages and the coin will go up in the future “Buy when there’s blood in the streets, even if the blood is your own.“ Best time to buy is when everyone else is freaking out and selling. If you have the resources we can assume in general that alts will come back and you will be ahead of the game if you go against consensus. We know XBY can go much higher. |
|
|
|
Yes, very nice PR! Some more info about Xtrabytes can be found here: The XTRABYTES Blog (Unofficial, this blog is maintained by the supporter of Xtrabytes project). Oh nice I had not seen this blog before. It looks like another place to send new folks who are confused about what XBY is. |
|
|
|
TX fees will not be the main source of income, the main income will be from the hosting of DAPPS and earning XFUEL by securing the X-Change module.
This is still a huge advantage to other coins and their versions of nodes. Even IF the system is in-development. The draw and potential is there. Hence, why I believe that many STATIC node holders (myself included) are very excited about this prospect. I also agree with Fatoshi that many of these so-called Masternode coins will all but be gone in a few years time. I actually think it is less than that. It's the new flavor-of-the-month in crypto. I think I was slightly misunderstood in my last few posts. I'm not asking for actual numbers to be released before nodes are opened up. But for percentages of what each level of nodes will get of the TX and dapp fees and if different quality servers will get better or worse payments. |
|
|
|
how many tokens in total are you issuing?
All coins are already available (650m), current circulating supply is lower because those coins are in cold storage via node holders. Once all nodes are registered supply will drop to something like 150m. Supply will drop exactly to 100m if L1 L2 L3 nodes will be registered  "If" is a big word Its going to matter what the fees are. If the fee is good enough compared to cost of filling a node plus the extra charge of forming the node then people will gladly fill up all the levels. If the cost benefit isn't good enough then the team will have to reevaluate how it is setup. I personally don't like the fact that the fee for getting a node goes up as nodes get filled. Makes it feel a bit pyramid schemey and disincentives the last nodes from being filled. Not sure why it disincentives the last nodes being filled. The fact is as any coin grows with nodes the price of them eventually becomes damn expensive. How much for a dash node now? Nodes in the end are not for the masses but for crypto investors....and with crypto investors there is no such thing as 'fair' unless you think It's like a human right to be a billionaire just for buying some Bitcoin back in 2009. It's not about being fair it's about making actual returns on investments. We don't know what the returns will be for filling a node. The fee for getting a node goes to the other node holders. If the transaction fees are too low the cost of filling a node plus the fee the transactions fees will not be the incentive. It will be the hope that someone else comes in behind you so you get to share in their fee. Hence feeling a bit pyramid like. We don't know any of this yet but we better before they start putting up registration for new nodes. Return on investments? Jesus.... If you want a guaranteed return on investments you better go buy a tracker fund at your local bank. There is no way in hell can any crypto guarantee a return on investments. Do you really think 99% of these masternode shitcoins will still be doing well in 3 years time.....you're dreaming and these charts that tell you how much you can earn from master nodes are a fucking joke dude. Hell even Dash can collapse overnight and your node be worthless. And like was said. There is no way any project that earns services fees from future Dapps can tell you how much you will earn from them. You obviously don't know the project but have found the courage to critic something you don't understand.....now be gone and I won't call you a gimp for being such a noob. If you are not trying to make a return why would you ever pay a fee to get a node? Is it because you are charitable? And why is a market determined fee so bad? You think someone is smart enough to calculate the perfect fee number? Aren't crypto people really into the free market. I like this project and I want it to succeed and have consistently held that belief, so I don't understand why you are attacking me for bringing up a conversation topic. And what your saying is you don't think XBY will be around in 3 years? Is there a way you can have a conversation without insulting the other person? I just want to have a civil conversation about XBY. |
|
|
|
TX fees will not be the main source of income, the main income will be from the hosting of DAPPS and earning XFUEL by securing the X-Change module.
Sorry I was using transaction fee as a catchall for all the income that would be related to owning a node minus the income from new nodes. It's hard to argue for or against since we have no information about what the income will be at all. And you have to include the cost of running the server for the dapps into the cost benefit analysis. How it could disincentives filling the last spots is that the total cost of the static plus the fee doesn't make sense because the returns on lets say a L3 node would be to long term. I would like it not to be a predefined fee, but one that responds to the market demand for the nodes. If nodes are not being filled after a period of time the fee would be lowered. If all nodes are filled maybe the fee increases to discourage people from breaking their nodes on a whim of a price increase. |
|
|
|
how many tokens in total are you issuing?
All coins are already available (650m), current circulating supply is lower because those coins are in cold storage via node holders. Once all nodes are registered supply will drop to something like 150m. Supply will drop exactly to 100m if L1 L2 L3 nodes will be registered "If" is a big word Its going to matter what the fees are. If the fee is good enough compared to cost of filling a node plus the extra charge of forming the node then people will gladly fill up all the levels. If the cost benefit isn't good enough then the team will have to reevaluate how it is setup. I personally don't like the fact that the fee for getting a node goes up as nodes get filled. Makes it feel a bit pyramid schemey and disincentives the last nodes from being filled. Not sure why it disincentives the last nodes being filled. The fact is as any coin grows with nodes the price of them eventually becomes damn expensive. How much for a dash node now? Nodes in the end are not for the masses but for crypto investors....and with crypto investors there is no such thing as 'fair' unless you think It's like a human right to be a billionaire just for buying some Bitcoin back in 2009. It's not about being fair it's about making actual returns on investments. We don't know what the returns will be for filling a node. The fee for getting a node goes to the other node holders. If the transaction fees are too low the cost of filling a node plus the fee the transactions fees will not be the incentive. It will be the hope that someone else comes in behind you so you get to share in their fee. Hence feeling a bit pyramid like. We don't know any of this yet but we better before they start putting up registration for new nodes. |
|
|
|
how many tokens in total are you issuing?
All coins are already available (650m), current circulating supply is lower because those coins are in cold storage via node holders. Once all nodes are registered supply will drop to something like 150m. Supply will drop exactly to 100m if L1 L2 L3 nodes will be registered "If" is a big word Its going to matter what the fees are. If the fee is good enough compared to cost of filling a node plus the extra charge of forming the node then people will gladly fill up all the levels. If the cost benefit isn't good enough then the team will have to reevaluate how it is setup. I personally don't like the fact that the fee for getting a node goes up as nodes get filled. Makes it feel a bit pyramid schemey and disincentives the last nodes from being filled. |
|
|
|
Good job on this. I think the short form forced the distillation of what XBY truly is and makes it understandable to a wider audience. I think the waste of mining will soon be much more of a factor especially as more people enter the crypto sphere. |
|
|
|
I can not understand one nuance. If this coin is not mined, how will the transaction be confirmed? After all, without this, you can not transfer a coin from one purse to another purse
That's what will differentiate XBY from other currencies. XBY will be implementing a technology the developer is working on called PoSign. I got it. But I wonder how this technology will work? Participants will write messages and thereby confirm transactions? It is very interesting I join the issue, I would also like to know more about this. Or just show where you can read about it to understand the principles of this technology * from first post "PoSign comprises a radically different approach. Transactions are verified by a network of what are called STATIC nodes—importantly, each of these nodes must sign off on a transaction before the associated block can be appended to the chain. Should a malicious node repeatedly attempt to compromise the chain, it will be blacklisted automatically. STATIC nodes are the backbone of the XTRABYTES network. The word STATIC is derived from the words; Services Transactions and Trusted in Control, which is all of what defines our STATIC nodes in the simplest way." --- you can also simply read published white pages So it turns out that this network has a single center? Where are these STATIC nodes located, and who manages them? If you read the whitepaper it explains the whole system. I'm guessing maybe English isn't your first language. If not, they are currently working on translantions in a few languages which might help some people understand the network easier. |
|
|
|
i see that The goal of XTRABYTES is to provide a platform on which a multitude of customized services can be deployed and utilized. but I want to understand, there are already examples of such services?)
I think all effort for now goes to finish and test POSIGN mechanism ( but maybe I mistaken ) From the real already created product is a coin. It can already be bought and sold. I think this is proof of the viability of this project It seems to me that a coin can not be called a product of this platform. The coin is one of the components of the project as a whole. And what is the created product, I also want to know XBY coin is the currency of the Xtrabytes Network. The network is comprised of a couple different layers but statics are the mechanism for signing transactions. There will be three levels of statics which will take either XBY to setup or a fixed combination of XBY and xFuel. These statics have to agree for the transactions to be correct and there are mechanisms that account if a static is down on the network. Instead of mining and receiving coins which is very energy intensive the Statics get a fee. |
|
|
|
Has anyone already been blocked for trolling? And then I see everything is already very quiet today? ))
Probably not they see BTC doing all the work for them and making their whole portfolio down 60%. I also think as a community we started to come back at them with much more rational and reasonable posts and that just makes trolling less fun. I really wish I had more BTC right now so I could put more into XBY. The transaction speeds alone are going to get people very excited. |
|
|
|
|
We also would be far better off with reasonable growth over a longer period of time. If we skyrocket to fast the FUDers will just call it a pump and dump when we know that it is just the proper valuation of the coin.
|
|
|
|
|
Show Posts
