|
Nice and thorough discussion update.. @fishfishfish....
Looking forward to more goodnews and development about XBY and XFUEL.
|
|
|
|
I was a part of the XBY team for quite a while so helping people people/discussing was obviously something I do. And I still help where I can by giving people info. You just seem to like posting inflammatory remarks.
Also ^ LOL
Inflammatory? I just find it funny that a few people keep trying to pump this thread, that's all. Raising money to pay for devs is not necessarily a bad thing, but coming up with excuses to glorify it is a form of deceiving. Can't you just keep quiet for a while and study what is going on here before raising unnecessary argument? Cool down! |
|
|
|
I've been reading this thread for some time... great answers to all questions negative and positive dev!
Love being in coins that are below the radar for most!
XBY!
I believe you shall see greater things in days coming as the project and community progress. I am so glad I am part of this. |
|
|
|
You urgently need Bittrex... Cryptopia, YoBit, C-CEX, Novaexchange are ridiculous.Volume (24h)
$45,644
11.77 BTC
Every coin under 20M marketcap has this problem at times. When the technology comes along, then the exchanges will come. No point in trading a coin thats still in testnet. If it gets on bittrex and gets manipulated/pumped prematurely by a whale, that could hurt the project in the long term. very well said. There is no rush till everything will be in place. Stop trying to be overnight millionaires  yeah, this is a huge problem in crypto: people invest without understanding the projects and expect it to go x100 in a week. if you truelly understand this project, you will understand that reaching for the heights that its rieaching, it will need time True talk. |
|
|
|
According to the quoted paragraph below, it seems to me that Xtrabytes transactions are anonymous or can offer that functionality. Did I understood this correctly? Thanks!
"VITALS comprises a private network directly interconnecting the online STATIC nodes; effectively providing VPN-like functionality to the network. VITALS therefore supports the communication needs of the XTRABYTES blockchain by providing interference-free direct paths between nodes to ensure security and speed when processing transactions."
Here is a Q&A from borz a while back that has your answer in it. "1. Here is my question: CCrevolution said : If 1 or several STATIC nodes go rogue, the others ask them to correct themselves and if they do not correct...they get blacklisted - BOOM Shutdown attack. Now if something would go very wrong and only 1 'good' STATIC would be left, would it still be able to protect against the rest that went rogue? 1.) If the client isn't fake and it uses the correct last version of code, it will never get blacklisted. This is the reason why we will never have only one client controlling the network.
2. How many nodes would you need to be compromised for the system to be considered insecure, is a 51% attack via nodes possible? 2.) The PoSign is not a voting system therefore 51% or any other percent does not exist. All blocks are signed by all STATICs . If only one STATIC signs the block then it is still valid. Later, if other STATICs validate they will also sign.
3. Will the project send coins anonymously and if not will it be possible to add that as a feature in the future? 3.) Anonymity is not the goal, trust is the goal.
4. Can you comment on scalability, will we have no problems if this coin became as big or bigger than Bitcoin? 4.) Scalablity is unlimited.
5. If someone owned ALL the nodes or even 99% of the nodes what could they do? Steal the beats of the coins or shutdown the system? I know it might not be economically profitable to do so but what if a Government later with unlimited resources tried, could it be done? 5.) This is not POW, therefore unlimited resources means nothing.
6. Its a very general question and has already been hinted at. But please can you say more about what makes this more secure than other coins on the market right now. And could you explain the kind of scenario that would have to happen for the system to be hacked even if that is theoretically a long shot. Can you say this coin is 100% unhackable? Or are we talking almost impossible? 6.) I hope 100% unhackable.
7. Is it possible to implement a smart contract platform into XTRABYTES in the future, similar to Etherium's smart contracts? 7.) Yes, i have lot of better plans than ETH
Another set of questions: 1. Are the virtual nodes and their network generated exclusively by a new block/transaction that is created by the STATIC and nonSTATIC nodes? 1.) The XBY owners create transactions. Nodes validate the transactions only. Nodes never create transactions. The virtual nodes will be creating blocks from validated transactions.
2. Is the number of individual chord nodes possible the same as the number of STATIC and nonSTATIC nodes online? 2.) No. The number of virtual nodes is fixed. All virtual nodes are controlled by one or more STATIC and nonSTATIC nodes. If the number of STATICs is less than virtual nodes then random STATICs will control additional virtual nodes.
3. If a virtual chord node is generated only by a new block/transaction created by the STATIC and nonSTATIC nodes, then can’t the STATIC and nonSTATIC nodes be attacked and disabled by DDOS? 3.) Example: S1 STATIC controls V1 virtual node. If attacker attacks and disables S1 STATIC then other ( S2 or S3 ... etc...) STATICs will take control of the V1 virtual node until the S1 STATIC DDOS has stopped.
" Some more related info on how this will work: P2P systems work like this:
 This is not the best type of network and therefore many problems exist. You have displayed some of these problems, but more exist which is why we will be using a type of "overview" network. This is another very big innovation we are implementing and no other coin uses overview networks:  We will use what is referred to as a chord overview network where the the STATIC and nonSTATIC nodes connect to "chord nodes". The "chord network" is a "virtual overview" or in other words, the upper layer of the network and we will call it the Virtual Chord Network. The STATIC nodes and the nonSTATIC nodes create the blocks... All nodes create the same block and all blocks have the same blockhash. Therefore, all block have the same ID (we will explain later why contain all blocks contain the same transactions). Transactions work exactly the same as the block creation and so now we can see that all blocks will be the same in each STATIC and nonSTATIC and later you will see why this is, as we continue this explanation. Each node (STATIC and nonSTATIC ) is connected to one "virtual chord node" the chord nodes are only virtual, instead of being real nodes. If the block is ID=1 ( or if we create transaction then TR ID ) then this block will create the #1 virtual chord node and will then send the created block to the #2, #4, #8 nodes (this is an example of a network with just 16 virtual chord nodes) the #2 will send to #3 #5 #9 and so on... The block creation time is not uncontrolled either. So, if we use 160sec block time (just an example because 160 seconds is easier to understand with a 16 virtual chord system). Therefore, the chord nodes create blocks as follows:
#1 between 0-10 seconds #2 between 10-20 #3 between 20-30 and continuing to #16 up to 160 seconds. However, we will use more chords of course as this is just a simplified example so the process is more easily understood. Therefore, no transaction or block conflicts occur and every peer knows who will create the block and who will first distribute the block.
Added question: But what if that creator block is down or attacked? Does it switch to a different STATIC ? Since all chord nodes are virtual it is impossible to DDOS. There are no IPs or other relay identities available to attack. Chord nodes are virtual, so they are never removed:
#1S = #1 STATIC #1C = #1 virtual chord node If just #1S is online ( only one STATIC ) then:
#1S will control #1C-#16 If #1S-#3S is online, then:
#1S will control #1C-#5C #2S will control #6C-#10C #3S will control #11C-#16C If any STATIC goes offline, for example #3S, then #11C-#16C will be shared between #1S and #2S This is the reason why it is not important how many STATIC nodes exist or how many STATIC nodes are online or offline. The number of overview virtual network nodes is a constant. The block and transaction time are not part of the ID. So, one of the key points to answer your question is that all STATICs and other nodes do not have to learn about the blocks simultaneously... The transactions distribute throughout our network, sequentially, over the 120 second block time in intervals that eventually get out to the entire network before the next block is created. With regard to network lag, this is not relevant because the network is virtual. Therefore if lag exists it is equal across the entire virtual network. So, the virtual overview network or the Virtual Chord Network solves the problems you bring up. To simplify this explanation for those less technical:
P2P (peer to peer file sharing type systems) is like water in a lake. The Virtual Chord Network is like a series of canals. We use water, just like in the lake, but the lake is uncontrolled.
Many questions have been asked about XTRABYTES' core technology, features, and advantages. The following summary seeks to address those questions and to further elucidate various aspects of the XTRABYTES platform. Security is at the heart of XTRABYTES' technology and is where its principal advantage lies. XTRABYTES leverages the concept of digital signatures extensively in its security algorithms. Common examples of digital signatures include SSL and Microsoft's signed software, but XTRABYTES goes several steps further to ensure the robustness of its signature protocol. Simply put, as the number of digital signatures increases, level of security increases. XTRABYTES employs this tenet in its core technology—STATIC nodes rely on multiple layers of encrypted and digitally signed sources to guarantee the integrity of the network, while competitor systems rely either on a single signature only, or even none at all. It is impossible to steal all signatures, given that not all STATIC nodes are online at a given time, and that they use different operating systems (eg. Windows. Mac. Linux)—and even if a virus compromises all online STATIC nodes, a single off line STATIC node is capable of restoring the network once reactivated. Further, online keys are intermediate only—deposit and genesis keys are private and always offline—and consequently can easily be changed if necessary. If such a signature is compromised, the associated STATIC signature will automatically be revoked as the consensus among nodes has been violated. The owner of the affected STATIC node is then warned to generate a new signature before the node can resume participation on the network. STATIC nodes communicate with one another via the PULSE system. If nodes are online, the system behaves like instant messaging, while offline nodes are always automatically forwarded missed messages by the network. All of these transmissions are encrypted, secured.and time-stamped. This is in direct contrast to the Bitcoin network whose peers communicate with one another in an unsecured fashion. Level 2 nodes will be similar to the original STATIC nodes save for the fact that the intermediate signatures will be declared in a future block, not in the genesis block. All STATIC nodes will have a TRUST index number. I am unable to sleep now..Can't contain my excitement.. whoa... will take a day or two to sink all this info.. Thank you Team!!.. Amazing job.. I am stuck for words and short of breath.. Help me.. This is fantabulous.. or should I say Xtrabulous!!! This is interesting. Still reading and reading until I get a thorough knowledge because of my non-computer background. I am excited with XBY. |
|
|
|
What is this ?
Everone can show me/
How to get free coin ?
Thanks
Sorry bros...... There is nothing FREE in life; even in the freeland there is no free launch...... Hahahahahaahha |
|
|
|
I'm not trusting my own laptop more than Cryptopia. It's either Ledger or exchange for me.
But if you do use an exchange, you really need to follow all the best practices. Unique passwords, 2FA, always type the url instead of clicking on links, etc.
I agree with your statement. Following best practices online keeps one at least more safe from hackers. |
|
|
|
I was responsible for a big chunk of the buying over the last 24 hours... Basically, my strategy which has served me well over the 6 years I have been in cryptos, is what I call the "cherry picker". I simply do a lot of research, find coins that show HUGE potential based on a number of criteria, ensure that the marketcap has a favourable risk/reward ratio, and then I go balls deep and hodl for years  Additionally, I only go for gen 3 coins meaning the backend is something other than a gen 1 POW/POS system, preferably not even gen 2 (e.g. dPos-based systems, ETH). I consider gen 3 to be structures such as a DAG (Byteball,IOTA,ADK), Block Lattice (Raiblocks), or something entirely different than what is currently out there (what MAID is working on, what DLS formerly WBB is about to come out with, and this new Proof of Signature that Xtrabytes is developing). I really like what I have seen so far with the devs and community here and I have no doubt that Xtrabytes is going to be a huge success. Keep up the great work! NEWBIE TIP: Just by being in this thread you have already picked a winner. That's not the hard part. Being "right" is easy - now you must "sit tight". Buy as many Xtrabytes as you can, put them in cold storage, forget about them, come back in a couple of years. Thank me then PATIENCE is all it takes. Thanks for the great tips for success in the cryptoworld. I have learnt something new from your word. Great one. |
|
|
|
|
The rate of steady is awesome. Some FUDders calls us cheerleaders bcoz of envy. Yet, we don't mind bcoz we have faith in the tech and the developers.
More good news ahead for XBY lovers.
|
|
|
|
Hey my apologies I'm a newbie with almost a yr in crypto but I've run in this hidden gem now and wondering if XBY has been on bittrex or Polo yet?
Not yet on bittrex nor Polo. Waiting for the full testing and running of static node before going on both. |
|
|
|
The new TESTNET wallet (with bugs fixed) has been compiled and another hard reset has just occurred. This means that we must wait for block 122 before transactions can start again and this is about 4 hours away... So, we will be picking things up again after some sleeps. Thank you all for your patience as we work though this very interesting phase of XTRABYTES development!! Dave, Borz and the TESTNET Crew!!  Nice update. Waiting to see more great news. |
|
|
|
The optimism and cheerleading lately is laughable. Not too long ago when price was below 200 SAT, it was the exact opposite. At this volume (less than 10 BTCs), the price is meaningless. The people saying that they will hold this for however long are the one who got in at a higher price, say 1000 SAT, and they will cash out as soon as price gets close to their buy-in prices. You're holding because you have no other choices, not because this will one day become ETH.
Sure, you have a nice new logo, so what? Doesn't change the fact that your goals are simply too big to accomplish. By the time you make some sort of meaningful progress, you're forgotten because there are plenty of new coins out there that people will chase.
Wake up. Unrealistic hope gets you nowhere.
First I must agree that cheerleading is indeed exist exactly as FUD like "your goals are simply too big to accomplish" or "Wake up. Unrealistic hope gets you nowhere.". I guess those are two extreams which are integral part of crypto projects, for me both of them are better to be gone by hey, I stuck with you guys... and after that been said... Every crypto (and not only) project is kind of gamble, you almost never know for sure what is going on (this is the reason for crazy profits - crazy risks). When I entered into crowdsale of one project, many (way to many) people said it was scam, I will lose my money, it's WAY TOO BIG and this "crazy wierd kid"... well the status of Ethereum today is... I think I explained this point. Now, about this project... It is few months old, has nice price and volume for it's phase, there is ongoing development, active and involved managment, strong comunity, good marketing effort and some kind of constant progress (not daily for the ones waiting for project to be fully developed at weekend and price of 100000BTC in one month)... If you want to compare it to bitcoin - you definetely correct, this is worse project (in terms of certanty and not current potential) , but if you want to compare it to other project of same scale at same phase, I don't think you will find one better. At this price level you buy POTENTIAL and not product. So, if you are, and it seems so, so dedicated to explaining all of us how this project will fail - start from installing a wallet, get FREE static and try to fail/show that there is no/break/hack test net , without this you are simply one more FUDder that righfully laughable exactly as last of MOONers. P.S. Some guy wrote about technical support in other words and you dissmissed it as this is not relevant. So... IT IS, for many people. You have rightly spoken. A word is enough for the wise! |
|
|
|
The optimism and cheerleading lately is laughable. Not too long ago when price was below 200 SAT, it was the exact opposite. At this volume (less than 10 BTCs), the price is meaningless. The people saying that they will hold this for however long are the one who got in at a higher price, say 1000 SAT, and they will cash out as soon as price gets close to their buy-in prices. You're holding because you have no other choices, not because this will one day become ETH.
Sure, you have a nice new logo, so what? Doesn't change the fact that your goals are simply too big to accomplish. By the time you make some sort of meaningful progress, you're forgotten because there are plenty of new coins out there that people will chase.
Wake up. Unrealistic hope gets you nowhere.
Bahahaha. This post is laughable. Thanks for the comic value. It went great with my morning coffee! Here's a post that will make you happy: TO THE MOON. Ignore this common troll, he is just looking for attention! Olodo!  |
|
|
|
Hello guys! I noticed a tweet on twitter Piecoin that anyone who posts the address PIE, will randomly receive a PIE amount, is it true? Can I still post my address? I would get some PIE! Thanks.  Yes the information IS correct bcoz I was given free slice of Pie. But I don't know if it is still valid till now. |
|
|
|
The optimism and cheerleading lately is laughable. Not too long ago when price was below 200 SAT, it was the exact opposite. At this volume (less than 10 BTCs), the price is meaningless. The people saying that they will hold this for however long are the one who got in at a higher price, say 1000 SAT, and they will cash out as soon as price gets close to their buy-in prices. You're holding because you have no other choices, not because this will one day become ETH.
Sure, you have a nice new logo, so what? Doesn't change the fact that your goals are simply too big to accomplish. By the time you make some sort of meaningful progress, you're forgotten because there are plenty of new coins out there that people will chase.
Wake up. Unrealistic hope gets you nowhere.
Words are free and so is FUD a normal scenario of human being. People said the same thing of bitcoin at the beginning, and so what? Your post even shows ur low understanding about XBY. Still yet, better believe now or regret later. At least a FUDer shows face today.  |
|
|
|
The tech is a billion + concept...rooting XBY on in hopes they can really execute this...i think we are at the infant stage of something huge. The amount of people in the community is pretty large considering the current cap.I have a feeling once this gets proofed it's going to blow up similar to NEO, STRAT, etc.
Exactly. This is exactly how I feel about this project too. It's really just 4 months old, lets not forget that. And still has this amount of ppl supporting it, the development. Feels good to be in there. The Slack is blowing up! More than 1,000 strong. So many good ideas bouncing around there. The communication here and on slack is very active with lots of information. I am excited about this project and expecting more good news. |
|
|
|
|
I got some slice of Pie as a retweet reward this morning.
Thanks to the admin for keeping to their promise of sharing some slice of Pie for retweeting reward challenge.
Thanks.
|
|
|
|
Uptrend has been nice! What's XBY expected to reach in say 6 months time?
The moon?!!! Who knows. But I would say the price right now is very undervalued. There is so much going on like rebranding, new website being developed and testnet to name a few that I can see the uptrend continuing. You are 100% right. |
|
|
|
Hi
1. Iv read alot mentioning the word app along with the modules, as if it was the same.
But wouldent u need to build/code a module first, in order to install things like a android app on to it or several apps on this single module??
Cuz i imagine a company would like to build just one module and then being able to put on top of this whatever they wanted.
Or would they need a new module for every program or game added??
2. Would it atleast in theory be possible to take already created android or apple apps and tweak them a bit and then add them to the XBY modules??
I have no clue what code language is used for apps to be honest.
But i keep hearing XBY will be able to handle many different.
3. Last question and the one im most curious of.
We all know of game apps like Clash of clans and where u can buy Gems or tokens in order to do many things within the game.
Is it possible to imagine XBY could strike some kind of deal that would farvor gamebuilders to incorperate the XBY coin into this payment system of the game and so it becomes win/win for game devs and XBY holders + the dev fund??
Cuz the ingame name of the tokens could still be whatever.
So the game devs could buy coins (huge amounts) on whatever EX and then within the game the XBY coin becomes "Gems" if its Clash of clans and the game devs decides the ratio between the two and could make a killing.
Especially when the XBY just keeps going up in value over time, instead of now where they all have their game tokens pegged to dollars or Euro which are inflating every year and banks pay no intrest on the money the creaters earn and have sitting in whatever Bank account.
Also having fiat in a bank is a huge risk these days.
This risk is normally what u are getting paid for, by recieving intrest.
At the same time, the XBY corporation could get a cut of their profit for whatever deal they strike.
Anyway...just trying to see the potential here.
Have been reading to long with no acc in order to ask questions before today.
Thx
Hi Nick Thanks for asking. In my understanding: 1. You can build on top of the platform however you wish. I would imagine separate games would use separate modules. 2. That is correct. You can take apps that are already created and plunk them right on top of a module. 3. Every application would have it's own coin use. Mainly, applications would be "voted on" by using XTRABYTES coins. If 2. is correct from what u say, then that could be HUGE!! There is Sooo much money in these apps. I guees i see what u are saying. So this module would obv be build so it could "talk" with the app u wonna put on it. Then a question within my question would be, what language is used for apps and can a little team that only knows how to code apps (android geeks) be able to figure out the coding of modules themself? Cuz otherwise we would only attract the bigger devs with resources to hire new crypto devs. I assume small projects would be prefered in the beginning. No huge game company is gonna take such a risk imho. 3. I dont understand your answer. So u dont expect it being possible to peg the xby coin to whatever token they wonna use ingame? #2 is not possible; it's available to happen once the modules are all live. We should see testing soon(TM). From my understanding, Android, which is a Java based language, will be available to code with on the platform. 3. It wouldn't be possible as XTRABYTES main use for its tokens will be to vote on actual applications implented. Think of it like a review system almost. It's kind of hard to explain. Check out my article below. https://steemit.com/cryptocurrency/@t0mpee/so-here-s-a-rough-idea-of-my-understanding-of-xtrabytes-and-why-it-will-be-a-direct-competitor-with-other-coins-soonI understand the static will be used for voting. But i dont see why coins not held in a node wouldent be possible to have a function like any other currency. From my understanding, u cant really vote on anything unless u either have a lvl 1 or 2 static node. I think you are right. From previous conversation I read it was stated that most voting and decision taken will MOSTLY be undertaking by static node holders. I stand to be corrected if wrong! |
|
|
|
|
Show Posts
