For the last 2 days straight I researched XTRABYTES (XBY) throughout all possible information sources and I cannot make up my mind whether it is the most amazing thing ever happened to crypto or the by far most professional scam.
Many people say there is no proof it is a scam, however, I do not find any proof it really exists at all neither. All I see are nice animations of a potential UI, but I saw the same with the scam Moirai ICO.
Fans just say how great they think it is that the team is too humble to participate in big exchange votings because they want to grow organically (maybe they are just scared what would happen if a big exchange lists them?).
I guess the main problem in that matter is trust. After so many articles about red flags and equally many articles praising XBY, I do not know anymore whether the defense articles are genuine reports who want to mitigate fud or just shilling investors who want to rip off smaller investors.
What do you think about XBY and did you find any (somewhat) objective posts on that matter?
Thanks
Growing organically can happen on a big exchange, not really an excuse. Plus at some point you will have to get listed on another exchange to grow further. I think XBY did actually start out as a scam when the ICO team exited but I've been hearing much praise these past couple of months. It's always tricky to find out if something is a scam, and even when it is there are people still in it. I believe Fusion ICO raised 42MM and claims partnerships with VEN and QTUM, both VEN and QTUM denied such partnerships exist and said to be cautious. But yes you read that right, they raised 42MM, for an ICO that started out on lies. I can't expect much from it, it also didn't do KYC which seems to be the norm these days though. Its still very hard to figure out if these things are a scam or not, I also got into LuxCoin when everyone shouted scam, and it was a very real possibility that the devs would dump their pre-mine and leave, they didn't however and the coin had a good bullrun 20-40x depending on your early entry. It might be best to contact their team directly and get to see their prototype, MVP or whatever they have so far and review it. I assume they're open-source on GitHub? Try find a developer and let him take a look and report what you find? Or if its really that amazing, but you're not sure, put in something very small and just wait it out. The return might be less but if you wait for confirmation of its legitemacy than I suppose you can still make good returns. |
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That's the most dumbass article i've ever seen. He just randomly trying and compiling stuff he doesn't even need to perform his actions.
At least do some proper research if you want to publish something interesting about a certain cryptocurrency.
I would say, IOTA is currently the only suitable platform for IoT companies to build upon.
How though? Are you just saying that because you're holding a bag or do you truely believe that? Even then, i'd rather know than believe. So how do you know it is ready for IoT? I've never been a fan of this coin but the delusion of people invested in this beyond my comprehension. |
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SkyCoin - Obelisk
SkyCoin developed their own unique consensus algo called Obelisk, worth checking out if you want to compile a list of them.
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Since IOTA already has a lot of development and partnerships behind it, to rival it, the new "cryptocurrency" must be considerably better in some way, which I doubt it is.
I'd say Byteball, which is also based on DAG, is better suited for use by people, so it might excell in this type of usage, but I doubt there's something better than IOTA for IoT.
1. Doesn't have a functioning wallet 2. Is centralised** 3. MIT studies show IOTA is actually trash **= They promise it will be decentralised but with all the funds being held hostage by them at will I find it hard to believe they really know what they're doing, also I wouldn't invest in something where the devs can take my coins hostage at will. I don't think IOTA is a very rational investment choice in all honesty. And I keep hearing people who hold this coin say how great it is, well what exactly makes it great? Is it the working tech? Is it the centralisation? Is it that the devs take funds hostage? Or is it the false partnerships announced by the devs which they later claim to have never mentioned? Also I think people are forgetting that there's competition in this industry. Its like people here assume A COMPANY will take a monopoly, which will never be the case. |
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My strategy is to hold small amounts of large number of coins. I bought some on Bittrex. Is it normal, that withdrawal fee is 2-10$? I'm quite shocked. For example withdrawal fee for Monero is 0.04. Thats 10$ at current price. TenX has fee 2 coins witch is 4$.
What is your experience with exchanges and withdrawal fee? Is there better option for small amount purchase?
Thanks
No thats not exactly normal, it might have to do with its price (even though they had plenty of time to correct) that the fee isn't adjusted yet. Anyway cryptopia had the same with SkyCoin where the withdrawel fee was 1 Sky, which at his ATH was like 50$... we just kept bugging their support untill they made a change (aprox 2-4 weeks). |
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There is another report about IOTA not being able to keep it's promises: https://shitcoin.com/iota-cannot-be-used-for-iot-loss-of-funds-may-occur-e45b1ed9dd6bA few days ago I read in a Swiss newspaper, that some big players tested IOTA in several different use cases and it wasn't able to meet the requirements As I hold quite a lot Iota, such news always scare me. Ok I bought very cheap, so I'm not really scared. Still the question comes up, is IOTA currently overvalued due to hype before it was every really applied? Reasonable replies and sources preferred! Yes its overvalued, they don't even have a functioning wallet, constantly lose funds or hold them hostage at their own liking, announce fake partnerships to market their project. These issues were out in the open for a long time now. |
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I've looked into IOTA and i think their tech is amazing , perhaps they might have had some collusions in their cryptography , but i think it could be huge.
What are some other problems in IOTA do you know of , that exists in the IOTA protocol?
Thanks guys!
The most amazing thing about IOTA is the insane level of hype. In theory it's great, but in practice there is a great deal still to prove. I think the jury is still out really. I'm not saying it's a bad coin, just that I think the hype exceeds what is merited by the current state of the project. What hype though? It was hyped when it falsly proclaimed partnership with Microsoft but now all its good for is making people lose money with faulty seeds and broken wallets. wasn't the faulty seeds and broken wallets because the users generated their seeds on a website then stolen from the website? Could it also be FUD or propaganda against it? I hedged my bets on both IOTA and NANO[xrb] They'll both go down in history as Hyped Dumps or one of them will really take off. I think iota is a cool project and they have great partnerships. I'm definitely not a fan of the centralization of iota currently but with time and growth I believe that'll change. I think the best bet in the crypto Sphere is to take 1,000 smaller bets as opposed to dumping everything into a specific "winner" Not all of these coins will pan out but, by this time next year, I believe we will have a much clearer picture of which coins will thrive. When that time comes i will make the proper portfolio adjustments  HAPPY HODLING!! - the arkitekt Interesting. I do hope IOTA will prove itself in the long term. Not wanting to sound to negative but I think you have to be more realistic on IOTA. The devs have clearly shown to lie without thinking of the consequences, hold funds hostage/block people from their funds or people lose their coins because they can't properly generate seeds. If you trust those devs to stick to their word that they will decentralise it even though they have shown to lie to their community time and time again, then you're really blind. Look around this forum, I bet you can find several threads in the past month talking about lost funds/funds hostage concerning IOTA wallets. HMm interesting. But the code of IOTA is still open source so we can fix the problems with it , couldn't we? Sure I'm spreading Fear, uncertainty and doubt and i'm propagating against IOTA cause secretly I'm filling my bags at low prices. In now way is this my personal opinion, I've been brainwashed by the media and big whale groups who are accumulating. Open source doesn't mean you can make changes, you will need permission first. It does mean you can look into the code yourself and possibly hardfork it, Which isn't a smart idea as the devs admitted they put bugs in it to prevent people from doing so so they can attack a possible hardfork. (bugs that are also found within IOTA as it is) |
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I hedged my bets on both IOTA and NANO[xrb] They'll both go down in history as Hyped Dumps or one of them will really take off. I think iota is a cool project and they have great partnerships. I'm definitely not a fan of the centralization of iota currently but with time and growth I believe that'll change. I think the best bet in the crypto Sphere is to take 1,000 smaller bets as opposed to dumping everything into a specific "winner" Not all of these coins will pan out but, by this time next year, I believe we will have a much clearer picture of which coins will thrive. When that time comes i will make the proper portfolio adjustments HAPPY HODLING!! - the arkitekt Not wanting to sound to negative but I think you have to be more realistic on IOTA. The devs have clearly shown to lie without thinking of the consequences, hold funds hostage/block people from their funds or people lose their coins because they can't properly generate seeds. If you trust those devs to stick to their word that they will decentralise it even though they have shown to lie to their community time and time again, then you're really blind. Look around this forum, I bet you can find several threads in the past month talking about lost funds/funds hostage concerning IOTA wallets. |
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I've looked into IOTA and i think their tech is amazing , perhaps they might have had some collusions in their cryptography , but i think it could be huge.
What are some other problems in IOTA do you know of , that exists in the IOTA protocol?
Thanks guys!
Why do you think their tech is amazing? They weren't first and they can't get a single thing right, not sure whats so amazing about it. Sounds good in theory but practically its utter garbage. Which other cryptocurrencies do you recommend which can do what IOTA can? (Oracle / unlimited tx/s / unlimited scalability / sharing of data / selling of data) IoTChain and SkyCoin. And IOTA can't do any of that stuff, it still has to proof itself, people are going wild on the future potential of it whilst it looks like it could easily be the first one to fail. Also I personally can't stand their development team, seems like a bunch of **** |
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I've looked into IOTA and i think their tech is amazing , perhaps they might have had some collusions in their cryptography , but i think it could be huge.
What are some other problems in IOTA do you know of , that exists in the IOTA protocol?
Thanks guys!
The most amazing thing about IOTA is the insane level of hype. In theory it's great, but in practice there is a great deal still to prove. I think the jury is still out really. I'm not saying it's a bad coin, just that I think the hype exceeds what is merited by the current state of the project. What hype though? It was hyped when it falsly proclaimed partnership with Microsoft but now all its good for is making people lose money with faulty seeds and broken wallets. |
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I feel like this whole thread serves no other purpose but to get people to buy and raise the price. Like there's minimal explenation into the partnership, just talks about price action. No offense I get that you want to see it rise but this seems a little ... desperate
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I think you will have to try a different board section, not sure if anyone here is technical enough to give you that answer.
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I've looked into IOTA and i think their tech is amazing , perhaps they might have had some collusions in their cryptography , but i think it could be huge.
What are some other problems in IOTA do you know of , that exists in the IOTA protocol?
Thanks guys!
Why do you think their tech is amazing? They weren't first and they can't get a single thing right, not sure whats so amazing about it. Sounds good in theory but practically its utter garbage. |
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I think such ICOs is the best investment now. For example, Neurogress is a great ICO that set their prices in ETH. Plus they have 50% bonus during pre sale. Now with this dip it's a bargain! Any one knows any ICOs that set their prices in crypto? Share your ICOs with the community here. And to the moon  Really depends, if you're buying them with fiat then sure, but if you holded them or bought them higher then not so. I personally still prefer USD pegged ICOs. |
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Hoi, kan iemand bevestigen dat de website sinds een paar dagen trager is dan een slak in zijn achteruit? (forum trouwens ook fetching preview.............)
Edit: Bericht cloudfare "Error 524 Ray ID: 3e7ebdd82d929c71 • 2018-02-04 15:44:24 UTC A timeout occurred"
Overigens ligt er teniminst 1 Russische faucet te kreunen onder een DDOS aanval.
"На наш сайт, происходит DDOS атака. В связи с этим мы временно приостанавливаем работу сайта. В течении 24 часов сайт будет перенесен на другой более мощный сервер, с защитой от DDOS. Просим не паниковать! Ваши накопленные монеты ни куда не денутся. Будьте терпеливы."
Forum is altijd drukker op momenten dat de markt grote bewegingen maakt, dus dan ook wat trager. |
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Privé berichtje gestuurd!
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Good thing was that the two persons who we're interviewed on crypto actually did research, established teams to learn more and see potential in the market, because it does have a lot of potential. Instead of boxing out from what you don't know they were open and honest about it.
They were almost more bullish than myself.
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to date almost all altcoins weakened including btc but not for E-coin that keep pump, now $25.94 | 497.19%It seems that E-coin is not affected by the weakening of btc $6,490.90 | -15.88%how do you think and what actually happened?  Nice PnD man |
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With a budget of only $20k my team will be able to hit a Million dollar for you via ICO. That budget will cover the website development from scratch( front end and back end), smart contract development, white paper design, several video illustrations, powerful graphics, promotions (paid ads), bounty, ico support on all socials, Ann thread design, signature campaign design, blog contents development, Ann thread bump daily and all socials (100 persons) and many more!.
This offer worths up to 2BTC provided by some Companies who do this. But we want to prove it that this can actually be done at a lower budget.
Hey! You aren't paying us $20k!
I know the next thing running through your mind though, yes we understand how many people try to scam on this forum, so we created a simple way this can work.
We create a milestone and you only release payment when each has been met. There is no other way to make your ICO a success i can bet you. We have all what it takes, all you just need to do is watch and observe while we do all the work for you!
This isn't exactly the place for offering services: https://bitcointalk.org/index.php?board=52.0^that is. Goodluck. |
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