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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NEW XBY ANN] XTRABYTES - OFFICIAL WEBSITE and WHITEPAPER RELEASED on: October 29, 2017, 01:46:05 AM
Okay so I've been around for a long time.  So here's some hard truths about XBY. 

1)  Dave (ccrevolution) is not suited for his position.  He is incompetent as a leader, marketer and general human being.  He doesn't understand crypto, it's culture or even the basics of how it functions as an economy.  HE creates the fud.  It's not the other way around.  People aren't just randomly picking on the project.  Ccr is creating it with his deplorable leadership skills, lack of communication, and general lack of respect for crypto culture.  I was there the day DutchDude was created, that all started with simple real questions about XBY and Dave flipped out and banned him, starting a forever spiral of fud/antifud comments.  Why did this happen?  It's simple, Dave is not suited for the market he's trying to sell to.  He can't explain simple concepts about his product because he DOES NOT KNOW.  And the only one who does is borz (I'll get to him in a second)

2)  The yes-men conundrum.  The fact of the matter is, the only people shilling this still are total idiots and people who bought in high who and are looking for their dump point.  This includes the people that Dave surrounds himself with within the board and the ardent supporters here on BCT and on the slack.  Just as this post will be attacked so will anyone who asks hard questions in the slack.

3)  The scam.  How is this a scam?  You ask.  Well it's simple really when you think about it.  The XBY core and the XFUEL core are not in public repo on github, and the node structure is ridiculous.

a)  Public repo.  There is absolutely NO PROOF OF TECHNOLOGY without public repos.  That's a simple fact.  They are marketing XFUEL as proof of posign, fine then release it so I and other crypto programmers can review the code.  Oh but no, we can't do that because we might fork it?  What kind of logic is that?  Everything that is good in crypto is forked, period.  Programmer's have public repos of their code both within and outside of crypto.  Having it public has not hurt a single coin out there.  No but bad marketing and mismanagement has.  So really at the end of the day, if there's no public repo this all exists in the fantasy land of theory.  Nice theory, now prove it.

b)  The Nodes.  First the registration process for the nodes it totally ridiculous.  THAT is poor programming.  And other than 'because' there's not been offered a good reason on why the registration process isn't more like DASH.  Then the lvl 2 comes along before lvl 1's are even operational.  Then lo and behold, lvl 3's appear on the horizon... but, but what about lvl 1?  No that's still a long ways off.  So no functioning nodes?  They lock up your coin for literally nothing.  Charge you for the pleasure of not having liquid xby.  Then the glorious pyramid scheme structure.  Really bravo, you are selling people literally nothing, no finished product and to top it off it's a pyramid scheme.  Lets have a look at lvl 1's again, they aren't showing you how many have broken.  Without that transparency in place this whole thing stinks of a scam.

4)  The mysterious borz.  The cult of borz is sickening.  Especially when there isn't any proof of anything.  He doesn't have a public repo showing his past work beyond the coin burn, which by itself is suspicious.  Then there's the fact that his judgement is clearly flawed by allowing a clown to run the front of the shop.  He won't communicate with the community about his vision.  All we get out of him is a basic theory, not even attempting to explain the greater details of how posign works.  There's a great many people within the community who aren't drooling idiots, and to assume 'they just won't understand' is the height of arrogance.  So is it just arrogance or the fact that he can't even explain?  He can't or he won't.  It's one of the two.  Personally a 'genius' god like programmer who doesn't share his genius, isn't a genius at all.  Furthermore, how in the world can someone be an economic genius when they clearly doesn't have any grasp of economics, see the XFUEL roll out. 

5)  The lack of transparency.  There is no transparency with XBY it's all diversion, stalling and silence.  The fact is they call this a community coin without taking input from the community.  The community has no say.  How about just being honest and saying that it's NOT a community coin, that dave/borz is the alpha and omega of XBY and that's all there is to it. 

6)  The Static node holders.  When founded they got a vote.  That was the deal.  There was at least some amount of governance by allowing them to have a vote in the future of the coin.  That is not the case any longer, and hasn't been for some time.  That needs to be set to rights, they need to have their vote in the direction of XBY, because clearly Dave does NOT have the best interests of XBY at heart.  Also exactly how many of you are left?  I know for a FACT the site isn't updating the current number.  Again where is the transparency?   

7)  The absolute mismanagement of funds.  There IS A DEVELOPER FUND.  And Dave refuses to use it.  Instead Dave comes up with the scam shitcoin XFUEL.  And then he is a FOUNDER and yet claims he is exempt from helping to pay for the development of HIS coin.  No, this is nothing more than scam.  And the beautiful icing on this shitcoin cake, he won't share his wallet address.  Developers and founders throughout crypto show their addresses for the sake of transparency and to build trust.  What makes him so special?  He has a crazy number of nodes, or does he?  Has he been dumping all along?  Who knows, because he is not TRANSPARENT.

In conclusion,
In the real business, corporate world he would have been removed already on the mismanagement of funds alone.  Add to that the mismanagement of the marketing and general mismanagement of the board and community it's literally amazing that this guy is still in place.  Since it's inception somewhere around ten board members have stepped down because he is impossible to work with.  How in the world is this a good investment when it's run by such a horrible manager and it is literally NO product?
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