[NEW XBY ANN] XTRABYTES - BECAUSE THE BLOCKCHAIN CAN BE BETTER

[percocet]

Ok, I don't understand the XFUEL need.
So the developers created a new crypto token called XFUEL to pay for the development of XBY?
So the value of XBY will tank due to the release of XFUEL ? I don't want to spread fud but I have no idea why there is a need for XFUEL and what this implies for XBY in the long run?

This.

Same here. I don't like the sounds of this at all and by looking at Cryptopia it doesn't appear that the market likes it either.

One of the things that attracted me to XBY is that while there was an ICO, it failed but the coin rose from the ashes.... now there is maybe going to be an ICO for a new sub-token?! Why?!

[amaral1977]

A few days ago in the thread was stated that XBY would be the blood of the system itself. So it´s value would come from that. Hope that XBY doesn´t become useless because there is a decision to shift to another token. If that is the case a coin swap for current holders would be mandatory or a big blow to trust would happen.

[bigboss154]

A few days ago in the thread was stated that XBY would be the blood of the system itself. So it´s value would come from that. Hope that XBY doesn´t become useless because there is a decision to shift to another token. If that is the case a coin swap for current holders would be mandatory or a big blow to trust would happen.

Nah man, XFUEL isn't intended to replace XBY as the blood of the system as you say.  It has a specific purpose (they are making a powerpoint on it). This is from borz just 2 days ago (which is what I assume you are referring to):

"All application income will be XBY so if you use XTRABYTES applications, you’ll have to use XBY. This is creating a big internal demand and an internal economy so to speak which is going to make a very very strong XBY as we continue to grow. So why do you need XBY?  Because you spend XBY on the XTRABYTES based applications and services. After you spend it of course you’re going to need it again and when you spend it you’re giving those XBY to the service providers and the STATIC owners. So its again creating that economy, that internal economy. Application developers and STATIC service providers, they’re going to turn around and use it themselves on perhaps something else. So again we go back to the business model aspect of all this and this is the reason why it’s a better business model here at XBY then what’s available with Ethereum or Bitcoin. As far as the US Dollar price goes Ethereum and Bitcoin depend on the US dollar price whereas XBY is independent of the US dollar because it’s all going to be internal business."

[percocet]

Basically the question everyone wants answered is if this fuel would somehow dilute the utility/value of XBY.

I guess we can all just anxiously wait for the presentation.

[btcdee]

Ok, I don't understand the XFUEL need.
So the developers created a new crypto token called XFUEL to pay for the development of XBY?
So the value of XBY will tank due to the release of XFUEL ? I don't want to spread fud but I have no idea why there is a need for XFUEL and what this implies for XBY in the long run?

This.

I can relate to this initial concern. However, there is plenty new information to digest which will start to become clearer in the coming days & weeks.

[CCNCCN]

Ok, I don't understand the XFUEL need.
So the developers created a new crypto token called XFUEL to pay for the development of XBY?
So the value of XBY will tank due to the release of XFUEL ? I don't want to spread fud but I have no idea why there is a need for XFUEL and what this implies for XBY in the long run?

This.

I can relate to this initial concern. However, there is plenty new information to digest which will start to become clearer in the coming days & weeks.

I await the presentation too but some info is coming out on slack now, see below:

ccrevolution [10:32 PM]
XFUEL is strictly for development. We don't see any reason at this point to use it for anything else. XFUEL will be traded for XBY on the X-CHANGE. This puts XBY in the hands of the the developers and helpers and puts XFUEL in the hands of whoever buys (or earns obviously) and then the XFUEL can be used at max 33% (approx) for the deposit for STATIC nodes.

[percocet]

Ok, I don't understand the XFUEL need.
So the developers created a new crypto token called XFUEL to pay for the development of XBY?
So the value of XBY will tank due to the release of XFUEL ? I don't want to spread fud but I have no idea why there is a need for XFUEL and what this implies for XBY in the long run?

This.

I can relate to this initial concern. However, there is plenty new information to digest which will start to become clearer in the coming days & weeks.

I await the presentation too but some info is coming out on slack now, see below:

ccrevolution [10:32 PM]
XFUEL is strictly for development. We don't see any reason at this point to use it for anything else. XFUEL will be traded for XBY on the X-CHANGE. This puts XBY in the hands of the the developers and helpers and puts XFUEL in the hands of whoever buys (or earns obviously) and then the XFUEL can be used at max 33% (approx) for the deposit for STATIC nodes.

Thanks for posting this, I feel more at ease now 

[Sir Mouth Breather]

Ok, I don't understand the XFUEL need.
So the developers created a new crypto token called XFUEL to pay for the development of XBY?
So the value of XBY will tank due to the release of XFUEL ? I don't want to spread fud but I have no idea why there is a need for XFUEL and what this implies for XBY in the long run?

This.

I can relate to this initial concern. However, there is plenty new information to digest which will start to become clearer in the coming days & weeks.

I await the presentation too but some info is coming out on slack now, see below:

ccrevolution [10:32 PM]
XFUEL is strictly for development. We don't see any reason at this point to use it for anything else. XFUEL will be traded for XBY on the X-CHANGE. This puts XBY in the hands of the the developers and helpers and puts XFUEL in the hands of whoever buys (or earns obviously) and then the XFUEL can be used at max 33% (approx) for the deposit for STATIC nodes.

Awesome!  Glad to hear this.

[BRYAN_K]

There will be a nice accompanying doc to go with XFUEL but for now I'll state a couple comments.

XBY is and will always be the lifeblood of creating modules within the core platform. Any modules or applications built on the XBY platform uses XBY, NOT XFUEL.
This is achieved through the DICOM API

XFUEL IS;
Proof of Tech (PoSign) working on the XBY Platform
First token available on the X-CHANGE utilizing XBY Core (xby/xfuel pairing)
Can be used in partial paying for a STATIC
Used for paying Dev's


Thanks
BRYAN_K

[bigboss154]

There will be a nice accompanying doc to go with XFUEL but for now I'll state a couple comments.

XBY is and will always be the lifeblood of creating modules within the core platform. Any modules or applications built on the XBY platform uses XBY, NOT XFUEL.
This is achieved through the DICOM API

XFUEL IS;
Proof of Tech (PoSign) working on the XBY Platform
First token available on the X-CHANGE utilizing XBY Core (xby/xfuel pairing)
Can be used in partial paying for a STATIC
Used for paying Dev's


Thanks
BRYAN_K

Cheers, Bryan. 

[EbenTheva]

There will be a nice accompanying doc to go with XFUEL but for now I'll state a couple comments.

XBY is and will always be the lifeblood of creating modules within the core platform. Any modules or applications built on the XBY platform uses XBY, NOT XFUEL.
This is achieved through the DICOM API

XFUEL IS;
Proof of Tech (PoSign) working on the XBY Platform
First token available on the X-CHANGE utilizing XBY Core (xby/xfuel pairing)
Can be used in partial paying for a STATIC
Used for paying Dev's


Thanks
BRYAN_K

Thanks Bryan for this clarification.. On another note, you SHOULD spend more time with your GF..because we want you to be happy working for XBY!!! So make that time for your GF.. XBY will wait for you..but it's hard to expect the other way around..LOL... Thanks Man...

[amaral1977]

There will be a nice accompanying doc to go with XFUEL but for now I'll state a couple comments.

XBY is and will always be the lifeblood of creating modules within the core platform. Any modules or applications built on the XBY platform uses XBY, NOT XFUEL.
This is achieved through the DICOM API

XFUEL IS;
Proof of Tech (PoSign) working on the XBY Platform
First token available on the X-CHANGE utilizing XBY Core (xby/xfuel pairing)
Can be used in partial paying for a STATIC
Used for paying Dev's


Thanks
BRYAN_K

Cheers, Bryan. 

Thanx, noted. I promise i´m going to read all the annoucements and wont add to an FUD meanwhile. I see its frustrating for you guys to give lot´s of very very good news and sudenly we only focus on our worries.
I´m refocusing on the good stuff:)

[Magik123]

There will be a nice accompanying doc to go with XFUEL but for now I'll state a couple comments.

XBY is and will always be the lifeblood of creating modules within the core platform. Any modules or applications built on the XBY platform uses XBY, NOT XFUEL.
This is achieved through the DICOM API

XFUEL IS;
Proof of Tech (PoSign) working on the XBY Platform
First token available on the X-CHANGE utilizing XBY Core (xby/xfuel pairing)
Can be used in partial paying for a STATIC
Used for paying Dev's


Thanks
BRYAN_K

Thanks for the info BRYAN_K,

Congratulations to the Xby team for a job well done,

Hang on to your hats, folks, the train just left the station!

Cheers!

[fishfishfish313]

There will be a nice accompanying doc to go with XFUEL but for now I'll state a couple comments.

XBY is and will always be the lifeblood of creating modules within the core platform. Any modules or applications built on the XBY platform uses XBY, NOT XFUEL.
This is achieved through the DICOM API

XFUEL IS;
Proof of Tech (PoSign) working on the XBY Platform
First token available on the X-CHANGE utilizing XBY Core (xby/xfuel pairing)
Can be used in partial paying for a STATIC
Used for paying Dev's


Thanks
BRYAN_K

Sounds like this tackles a bunch of things at once.  

I thought the presentation was great.  There is much to be discussed in the future. I still need a bit of time to fully appreciate and understand what is being done here.  No doubt, website and non-technical whitepaper will be crucial in this as well.  

Very ambitious in scope, XBY is.  Many other projects release erc-20's and disappear into the night with their crypto and it takes screaming at them to engage with the community.  Not the case here with XBY.  Also interesting to note, that XBY has survived this long without any type of funding at the development and marketing level.  But . . money talks, and people who give off their time and creativity and skill need to be paid.  XFUEL would potentially solve this issue and cause developers to want to create modules for the platform.  Marketers would want to market.  Writers to write.  Poets to drafts soliloquies.  Well, maybe not that, but you get what I mean.    Money motivates   And we heard from Borz in the interview, that he wants teams of developers working independently . . . this is possible with XFUEL.  

In addition, it would show that PoSign is functional and active, which would be huge moving forward.  It's always been a matter of time and now the plans are in place.  Roadmap looks on point!  Thanks to all of you who have been toiling over this presentation, the videos, the text, editing the website, etc.  I love projects like this because they are inherently strong . . . and here's to Proof of Signature and a clear direction for XTRABYTES. Cheers  

[smokim87]

I see the roadmap has the Dex before static nodes. Just wondering how is the dex going to work without the static nodes or nodes for that matter?

Shouldn’t the static nodes be released before any further development is possible after all they are the infrastructure that everything will be using and built upon.

I believe static node development should have top priority. I often see roadmaps get pretty crowded with new ideas that evetually the main idea gets lost in a sea of new ideas causing a project to stray away from it’s original goal.

[22justin]

I see the roadmap has the Dex before static nodes. Just wondering how is the dex going to work without the static nodes or nodes for that matter?

Shouldn’t the static nodes be released before any further development is possible after all they are the infrastructure that everything will be using and built upon.

I believe static node development should have top priority. I often see roadmaps get pretty crowded with new ideas that evetually the main idea gets lost in a sea of new ideas causing a project to stray away from it’s original goal.

agreed.

[22justin]

Thinking would be nice to see XBY here: https://exchange.coss.io

XBY on COSS is a great idea. Cryptopia is a good exchange but its smaller. Coss just started and is already getting huge much like Binance. Binance might be another exchange to target, it would give Xtrabytes huge exposure.

[shaunrico]

I am interested in XBY. But something I am not sure about and need some clarification. Reading on the first post I see this:

-50 XBY transaction fee per transaction

So does that mean that for each transaction it cost around 0.9$?

That can't be right, I am sure I am missing something here.

[bikerleszno]

I am interested in XBY. But something I am not sure about and need some clarification. Reading on the first post I see this:

-50 XBY transaction fee per transaction

So does that mean that for each transaction it cost around 0.9$?

That can't be right, I am sure I am missing something here.

It was 100 xby fee. It is reduced to 50 xby. Later it will be reduced more. Just calm down it is just beginning
Transaction fees for now are good because let collect some money for dev funds.

[bigboss154]

I see the roadmap has the Dex before static nodes. Just wondering how is the dex going to work without the static nodes or nodes for that matter?

Shouldn’t the static nodes be released before any further development is possible after all they are the infrastructure that everything will be using and built upon.

I believe static node development should have top priority. I often see roadmaps get pretty crowded with new ideas that evetually the main idea gets lost in a sea of new ideas causing a project to stray away from it’s original goal.

I don't think it will affect the STATIC node development, roadmap has no dates so I assume some things will be released at around the same timeframe.