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Cause of reasons i stated. I just want more serious investors so the price is based on real tech and not hype. I would take a lower price for real vol and serious discussion of the project any day. All this will happen anyway im just not enjoying the coin in hands of unsteady scammy people. Its that so hard to believe?
Im not against a price rise infact im kind of calling for one from real vol investors and no zero volume hames on yobit. Its fucking boring for one.
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It's a shit ICO with the worst names I have ever seen in crypto:
XtraBYtes
STaTiC - Services, Transactions and Trusted in Cointrol nodes
VITALS - Virtual Information Transmission ALigning STaTiCs
PULSE - Ping Unified LEdger Synchronization Equalizer
...
I fail to see how PoSign is any different from PoS.
It should be dead and burried, there's no point trying to sugarcoat shit, it's still shit.
And if the tech is really that good it should be forked/relaunched with a proper initial distribution, eg. not ICO.
Shit even Legendary status doesn't rule out stupidity. You really are criticising a project cause of the names? Your username is Bathrobhero...lol POS is nothing like POSign, there is no staking for one. Its so different that you not seeing that makes me think you MUST be stupid. If you read more and don't jump in with stupid comments you will know the the distribution was great....is this just high level FUD? *I see you are just a miner who wants the world to return to circa 2010. sorry. Mining is wasteful and stupid and worse still unsafe. XbtraBYtes solves those flaws. And asking for a refork so you can mine the shit out of it is about as complementary a thing as you could say and clearly shows your true intentions. |
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Yeah I know I sound like an asshole saying this but there is some serious truth to what I'm saying. XtrBYtes I believe is the biggest thing this year as it solves POS, POW and 51% attacks. Problem is due to how the development started out of a scam the only place its traded with any vol has been Yobit. We could very easily move to exchanges like Bitrrex but the plan is get the tech in place before we move to a bigger exchange. So this means one of the most innovative problem solving coins this year is basically owned by a bunch of fucking pump and dumpers who just think its a great way to make a few btc and don't get its significance. Of course not all owners but for a coin which normally would start at a multimillion dollar ICO is owned by a majority of monkeys who barely discern between a good project and their own balls. Most are newbies, most NEVER used a wallet!, most simply don't understand the idea of buying and holding just squeezing 30% pumps and then FUD-ing the shit out of it and dumping, it drives me nuts. Please any long term investors please have a look into XBY and help my sanity. I can't deal with .1btc pump and dumpers anymore!!!!!!!! https://bitcointalk.org/index.php?topic=1864397.0 |
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Why isn't XBY on a major exchange like Bitt or Polo?
XBY will be listed on all big exchanges when the tech is ready and when no more bugs will occur. No need to rush  It is still experimental and that's why we call it a high risk high reward coin hence the price could (or better will) go 10x/100x/1000x in the future.. OK here - early big nodes will be worth less than later small nodes
No, early big nodes will always be worth more than the smaller nodes because they keep the system running and earn more profits plus they will contain the double amount of XBY's and because XBY is a deflationary currency where all 650 Million coins already exist that means smaller nodes mathematically cannot be worth more than the original level 1 nodes. If you want to buy more XBY grab more BTC instead of trying to spread bad FUD around here  5 USD a coin would suit me just fine But there is as total supply of 650mio! Maidsafe has 452mio and its worth 0,53$ right now, market cap: 240mio USD. I do not know why you all are so convinced about attracting big whales, but I think we can be happy if this coin reaches more than 25 Cents. The biggest mistake new comers do is comparing supplies of other coins and their respective prices...it doesn't work like that. Price of a coin depends on many factors, supply is probably the last on the list (unless inflation is a million % a year). You can't compare XBY with maidsafe based on their supply, their 2 different projects and are their prices depend on factors that are common and alot others that are different. Try not to think of supply as the thing that determines the price of a coin only... The only thing? Supply doesnt determine price at all. The only important thing about supply is if its hardcapped or not. XBY is hardcapped. Price means zero absolutely nothing. Its like saying a pizza is cheap cause one slice is only a dollar but the pizza is sliced into 100 slices...its moronic. Marketcap is the only thing to look at. The actual price only has any value when coupled with supply and then only cause you can work out marketcap. Attacking supply is what scum bag fudders do. Thats all. This coin is literally in the hands of morons who dont appreciate the significance of the technology. Sad i see very few legendary or hero members posting here cause its hidden in the depth of Yobit pump and dump hell at the moment. Hopefully that will change soon. |
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I asked in this question in the slack however it was difficult to clarify with a lot of conversation going on at the time. As had been mentioned at times and pointed out in the most recent video there will at some later date be L2 nodes released - I am interested in the purpose of this as from what I was told there would not be technical differences, merely less upfront cost and less receivable income.
In terms of the quality of the network there is straightforward benefit: more nodes = among other things further decentralization = better network. However the purpose behind 'mininodes' I still find somewhat puzzling. We can consider that by offering a lower price point more nodes will be adopted, this a good thing, however this would come with economic impact to the original, or L1 nodes, eventually deterring investor interest.
At this time the number of nodes is to be fixed to 512. Under this circumstance we have a limited supply 512 nodes that have the right to receive income from the network - or in other words 500k XBY in a node is of greater value than 500k 'loose' XBY as it is effectively working harder. The market determines that value by determining that interest rate, accounting for the associated risk, weighing alternate opportunities and eventually offering a flat price. There is of course opportunity cost associated as the money can't be used for anything else over the duration it is tied up in the node. To draw a comparison we could say a truck costing $500k being worked to near capacity should have greater economic value than $500k stashed under the mattress, but as long as the money is tied up in the truck it cannot be used to invest elsewhere.
By introducing a secondary tier at, for the sake of simplicity, half the price, it would then be possible to buy two smaller trucks capable of earning half the level of income each. Like trucks computers or their connections somewhere along the line can and do fail for periods of time, we love decentralization as it addresses this issue. If we have two then if one truck, or computer were to break down the other is still capable of earning for us. As we never see an uptime of 100% with trucks or computers alike we can expect if we only have one it will from time to time leave us completely out of pocket, this is something that could be reasonably accurately calculated. In addition to this a node cannot be partially sold, and like a truck it must be sold whole if it is to serve an identical purpose. For these reasons I would argue the logical approach from an investment standpoint would be to own two smaller nodes - not only do you have some redundancy in terms of the revenue stream, but also the ability to partially sell off that revenue stream if or when required - greater liquidity.
With what I would consider more attractive nodes introduced at later dates I would suggest this devalues the big 'one piece' L1 nodes, and if we were to introduce L3 down to L20 nodes down the line the L1 begins to look like a significantly riskier behemoth, not only in terms of consistency of revenue but perhaps more importantly liquidity - it would be more difficult to find a buyer and cannot be sold partially vs being able to sell off for example 1/20th of that revenue stream. In my opinion the more liquid alternative would be the far more desirable option. We could consider offering some amount of fees to the higher level options which would offset this, but in terms of the quality of the network I do not find logic in offering more money for the same work.
So, I look to challenge my thinking and seek an argument as to why this system would work better than say, just splitting all existing nodes across one level? And why L1 node holders should not have concerns that their investment would economically speaking devalue over time?
I wont.be kind cause you spent the whole spreading bland fud on the slack. If you had actually rewx though the ANN or just not been so pompous you would know the first round already happened at community decided price of 500.000. Now you cant go back and ask people fo.completely change their pricing.to.keep.ypu happy. Clearly its just a way to give oportunity for more people to buy a node at a lower price due to the price increase. What a lot of hot air over nothing. You must be fun at parties. |
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Let's not forget 50% of coins will be almost permanently locked up in static nodes, already 1/3 of coins are out of circulation already.
They won't be permanently locked up in static nodes, anyone holding a static node/s can take the coins out at anytime. Just wanted to point that out. You could say 1/3 of the coins are out of circulation but any static node holder can sell/transfer their coins at any time, although that will break the static node and they will loose their node. Ok thanks for making that clear. But in practice cause having a static node will be such an in demand privilege even if people break them, someone will move their coins into it straight away. Of course I'm not saying they are permanently out of circulation but in reality they more than likely will be. |
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What makes you think that XtraBYtes is the next big thing,is it because of the low price,if you can give a valid proof then i will make a decision about investing in it,the volume is pretty good but what makes it different than the rest of the coins ,if they could enrolled in bittrex or polo then it will be a good bet.
I gave you the link that also has the ANN. I personally believe in researching things yourself and NEVER just believing someone on a forum who tells you its a big thing. I simply brought attention to it with my post as many haven't hears of it. Saying that I already made a very major claim in my first post. |
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Seems like people have still not discovered the biggest growing alt at the moment (that's a fact) which is insane. Zero talk about it on this forum. No POW, no POS, solves 51% attack. It's the perfect secure crypto currency you never heard of. I recommend you join the slack which already has 700 members in a few weeks if you want to get involved as the thread is not used. http://coinmarketcap.com/currencies/xtrabytes/#charts |
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People really aren't discovering XtraBytes still. It's risen more than 1000% in May. No POW, no POS, solves 51% attack. Still relatively cheap. It's a billion dollar top 10 coin I'm sure of it. Join the slack it already has 700 members in a few weeks. It still isn't on a major excnage. http://coinmarketcap.com/currencies/xtrabytes/#charts |
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Let's not forget 50% of coins will be almost permanently locked up in static nodes, already 1/3 of coins are out of circulation already.
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I think xby will be a top 30 coin soon
But that would mean... the price of one coin will be... OMG...! NO WAY! The potential of XBY is huge but remember there is a 650M supply. Having a 10 cent value would be a major achievement for XBY and something which I think can be done. Much more would make it a bit unrealistic don't you think? A coin that solves 51% attack, that has no POW or POS with all their flaws in security solved. A brand new code that will have everything from storage to smart contracts. A coin that has already got close to 5 cents in less than a month or so. A coin with a community exploding about as fast as a community can and we still have had no press and it's barely known in crypto world and have relied of low vol exchanges so far. I think it's you not being realistic. This if its tech proves itself will be a top 10-20 coin. That puts it quite realistically at $1. And that's just today's crypto values. |
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I don't post here at all but I just wanted to drop by and say/ask a few things.
First of all, I almost choked on my coffee at work when I saw the 1k satoshi break. CONGRATS?! (yes, I am a degenerate who follows crypto at work)
Secondly, is the desktop wallet secure? I'm asking this because it has that "strictly experimental, use at own use" on the top.
Can I make a paper wallet without using a printer and is there a way to check the balance on it afterwards ?
1.5k satoshi here we come
I gotta say, I'm quite proud of myself for being a part of such a great community.
The wallet is fine, it's more a disclaimer than anything else. It's a new wallet so it is technically experimental. Make a backup of the wallet on your computer and a sub stick and also make a printed copy of private keys and you are good to go. |
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I saw in slack a lot of future services planned for the longer term future, smart contracts etc. maybe they should be posted on here so people know how feature rich this project will be.
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Most people don't understand that the top crypto currencies are built in a foundation of sand. POW and POS are absolute flawed systems to build any serious financial or information systems on. Most noobs don't understand or decided to turn a blind eye to these flaws. Platforms like Stratis and Etherurum are completely broken and can never be safe decentralized systems to trust 100%.
That's why XBY is the ONLY coin that matters. And it has the tech to back that boast up.
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