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Question: The result of our STATIC nodes poll was 500,000 coins on deposit for Level 1 STATIC nodes.
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Author Topic: [NEW XBY ANN] XTRABYTES - BECAUSE THE BLOCKCHAIN CAN BE BETTER  (Read 369610 times)
smokim87
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April 28, 2017, 01:17:49 AM
 #701

what about special announcement

static node is ready but voting first to see how much needed for a static node...48 hours for voting but am guessing it's going to be clear what the results are before that...once decision is made I believe the change will take place, a hard fork then static nodes roll out with it. Going to be a fun weekend.
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April 28, 2017, 01:28:50 AM
 #702

1 million, is my vote
ozboy2014
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April 28, 2017, 02:32:51 AM
 #703

36 pages in 2.5 weeks.. Bittrex should take note. Have you contacted Bittrex about listing?
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April 28, 2017, 02:34:03 AM
 #704

36 pages in 2.5 weeks.. Bittrex should take note. Have you contacted Bittrex about listing?

send a email  to support@bittrex.com
ozboy2014
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April 28, 2017, 02:40:09 AM
 #705

how about vary the static node cost based on BTC value instead of amount of coins? e.g. costs 1 or 2 btcs to maintain each node. whether the tech can cater for this is another thing..
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April 28, 2017, 02:42:58 AM
 #706

Sharing this post by seedit122 this from the Slack. This is my vote:

Quote
Ok honestly here is the deal, we need to decide how much for a masternode/static right? If we reach DASH's price point the coin will be around 80 to 85 cents. A million coins will run $800,000, which means only millionaires can run nodes. That's insane. If you want a coin based on community it should be more accessible. It shouldnt be about status it should be about community involvement, and besides people can run multiple nodes anyway so why limit the amount by so much? A stronger network, the better, so more nodes = more strength, plus you can put on the website the fact that we are running hundreds of nodes. The less of something, the better as well - lower node req means higher future price. If Borzalom wants 300 nodes thats even more reason to lower node req. What happens if someone buys and doesnt set up a node? Loses their coins? Too risky. Lower node req down to 10k - 100k range. Pull the poll, say that it was a mistake due to technicalities or something and we have lowered the node req.


Well said! +100 to you sir seedit!
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April 28, 2017, 02:51:30 AM
 #707

need invite into Slack
CCRevolution
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April 28, 2017, 02:53:03 AM
 #708

36 pages in 2.5 weeks.. Bittrex should take note. Have you contacted Bittrex about listing?

We will contact them immediately after the STaTiC System is live... This seems like the best way, rather than saying the new consensus mechanism will start on Sunday...


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April 28, 2017, 02:53:31 AM
 #709

need invite into Slack

Please PM me your email and I will invite you.


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April 28, 2017, 02:55:19 AM
 #710

36 pages in 2.5 weeks.. Bittrex should take note. Have you contacted Bittrex about listing?

send a email  to support@bittrex.com

That probably would not hurt to bring us to their attention, but the DEV has to be on the request... We are already working on this and as I said, we will submit once we are up and running.


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April 28, 2017, 02:56:05 AM
 #711

how about vary the static node cost based on BTC value instead of amount of coins? e.g. costs 1 or 2 btcs to maintain each node. whether the tech can cater for this is another thing..

They need to be equal... So this must be done with XBY.




ozboy2014
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April 28, 2017, 03:08:13 AM
 #712

how about vary the static node cost based on BTC value instead of amount of coins? e.g. costs 1 or 2 btcs to maintain each node. whether the tech can cater for this is another thing..

They need to be equal... So this must be done with XBY.



ok fair enough
trumpman
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April 28, 2017, 04:49:40 AM
 #713

Considering the super big number of coins I say 1.000.000. I think this will help drive the price up and will also attract early investors Smiley however, there should be great benefits in being a dedicated static so that people don't dump coins

Follow me on steemit https://steemit.com/@trumpman Cheesy
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April 28, 2017, 04:56:09 AM
 #714

Your news was superb and we are seeing also good result on trading.
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April 28, 2017, 05:42:21 AM
 #715

The new website looks great now, I hope the OP gets redone soon too.
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April 28, 2017, 05:48:41 AM
 #716

Sharing this post by seedit122 this from the Slack. This is my vote:

Quote
Ok honestly here is the deal, we need to decide how much for a masternode/static right? If we reach DASH's price point the coin will be around 80 to 85 cents. A million coins will run $800,000, which means only millionaires can run nodes. That's insane. If you want a coin based on community it should be more accessible. It shouldnt be about status it should be about community involvement, and besides people can run multiple nodes anyway so why limit the amount by so much? A stronger network, the better, so more nodes = more strength, plus you can put on the website the fact that we are running hundreds of nodes. The less of something, the better as well - lower node req means higher future price. If Borzalom wants 300 nodes thats even more reason to lower node req. What happens if someone buys and doesnt set up a node? Loses their coins? Too risky. Lower node req down to 10k - 100k range. Pull the poll, say that it was a mistake due to technicalities or something and we have lowered the node req.


Well said! +100 to you sir seedit!

You can't just start changing the rules for running a staticnode because it would become to expensive for people that want to run one later. It is still cheap to buy 1000000 coins, for the people that want to invest later it will be more expensive when the value rises, that is how things work in the real world.
The thing is that early investors will get the most benefits when a project succeed and it must be that way because they are the ones taking most risks from the start. To be able to get enough coins to run a masternode i sold a part of my Wetrust tokens, a token that a lot of people think that will do very well on the long run. If the amount of XBY needed to run a static node would become much lower then i would feel cheated because i could of made more profit trading Wetrust tokens, 500000 coins i have no problem with but lower i would say no.

Me and other investors were buying while people were spreading FUD and i can say that before the release of the first video by CCRevolution i was very carefull but after hearing him speak i was convinced that they will do their best to bring this to a good end, so i invested a lot more. You can't please everyone with your choices but i can say that the XBY community will become much stronger even when 1M coins is needed to run a staticnode.

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April 28, 2017, 06:38:43 AM
 #717

Sharing this post by seedit122 this from the Slack. This is my vote:

Quote
Ok honestly here is the deal, we need to decide how much for a masternode/static right? If we reach DASH's price point the coin will be around 80 to 85 cents. A million coins will run $800,000, which means only millionaires can run nodes. That's insane. If you want a coin based on community it should be more accessible. It shouldnt be about status it should be about community involvement, and besides people can run multiple nodes anyway so why limit the amount by so much? A stronger network, the better, so more nodes = more strength, plus you can put on the website the fact that we are running hundreds of nodes. The less of something, the better as well - lower node req means higher future price. If Borzalom wants 300 nodes thats even more reason to lower node req. What happens if someone buys and doesnt set up a node? Loses their coins? Too risky. Lower node req down to 10k - 100k range. Pull the poll, say that it was a mistake due to technicalities or something and we have lowered the node req.


Well said! +100 to you sir seedit!

You can't just start changing the rules for running a staticnode because it would become to expensive for people that want to run one later. It is still cheap to buy 1000000 coins, for the people that want to invest later it will be more expensive when the value rises, that is how things work in the real world.
The thing is that early investors will get the most benefits when a project succeed and it must be that way because they are the ones taking most risks from the start. To be able to get enough coins to run a masternode i sold a part of my Wetrust tokens, a token that a lot of people think that will do very well on the long run. If the amount of XBY needed to run a static node would become much lower then i would feel cheated because i could of made more profit trading Wetrust tokens, 500000 coins i have no problem with but lower i would say no.

Me and other investors were buying while people were spreading FUD and i can say that before the release of the first video by CCRevolution i was very carefull but after hearing him speak i was convinced that they will do their best to bring this to a good end, so i invested a lot more. You can't please everyone with your choices but i can say that the XBY community will become much stronger even when 1M coins is needed to run a staticnode.

Thank you for your opinion Lopchi and you are not alone.

We are not trying to cheat anyone but it was a decision that we thought best to leave for the community to decide and the community is on your side at this point. Are you with us in the Slack? If not and if you would like to join us, you can send me a PM and I will invite you. We are having lots of discussion about this subject.

There are many pros and cons that we must discuss because nobody thought the price would rise so fast and we would like to see more STaTiC nodes (200 to 300 was the initial goal... with considerations at max 5 satoshis for the price... but the price shot up and now we have a Catch 22 - Not enough nodes and too high of prices with unproven/unseen code to hold people back from investing heavily and we are not going to change the amount after the STaTiCs start up. So, a small delay to debate this and Sunday we will start one way or the other)

Also, please remember that this is experimental and there may be changes along the way that need to be done for the betterment and long term stability of XtraBYtes (this has been on the ANN from day 1). This is the number 1 priority for all investors... to make sure the company grows and thrives. We are not here for a fast P&D... We are building a Community Corporation with intentions to be here for a very long time and firing up a BRAND NEW BLOCKCHAIN with a BRAND NEW CONSENSUS mechanism, only to have to fork later would not be very wise.

STaTiCs were $12 just 9 days ago and they shot up to about $1500 at one point... and even now they are sitting at $945.

So, this must be debated to do the right thing for all aspects...

Please join us.

Thank you!


kubricktrader
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April 28, 2017, 06:44:19 AM
 #718

Sharing this post by seedit122 this from the Slack. This is my vote:

Quote
Ok honestly here is the deal, we need to decide how much for a masternode/static right? If we reach DASH's price point the coin will be around 80 to 85 cents. A million coins will run $800,000, which means only millionaires can run nodes. That's insane. If you want a coin based on community it should be more accessible. It shouldnt be about status it should be about community involvement, and besides people can run multiple nodes anyway so why limit the amount by so much? A stronger network, the better, so more nodes = more strength, plus you can put on the website the fact that we are running hundreds of nodes. The less of something, the better as well - lower node req means higher future price. If Borzalom wants 300 nodes thats even more reason to lower node req. What happens if someone buys and doesnt set up a node? Loses their coins? Too risky. Lower node req down to 10k - 100k range. Pull the poll, say that it was a mistake due to technicalities or something and we have lowered the node req.


Well said! +100 to you sir seedit!

You can't just start changing the rules for running a staticnode because it would become to expensive for people that want to run one later. It is still cheap to buy 1000000 coins, for the people that want to invest later it will be more expensive when the value rises, that is how things work in the real world.
The thing is that early investors will get the most benefits when a project succeed and it must be that way because they are the ones taking most risks from the start. To be able to get enough coins to run a masternode i sold a part of my Wetrust tokens, a token that a lot of people think that will do very well on the long run. If the amount of XBY needed to run a static node would become much lower then i would feel cheated because i could of made more profit trading Wetrust tokens, 500000 coins i have no problem with but lower i would say no.

Me and other investors were buying while people were spreading FUD and i can say that before the release of the first video by CCRevolution i was very carefull but after hearing him speak i was convinced that they will do their best to bring this to a good end, so i invested a lot more. You can't please everyone with your choices but i can say that the XBY community will become much stronger even when 1M coins is needed to run a staticnode.


I get your point but also it has always been a community project foremost and so the community deciding this is in line with the ethos of the project. I think we have to think long term and assume we will have a much higher price than now. Also imagine the FUD if people can say only millionare whales will control fhe network. I would say whatever is best for the coins security is the best price for a node.
ozboy2014
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April 28, 2017, 06:53:49 AM
 #719

i still think 500K is reasonable given the likely price increase in the near future.. the reduction in transaction rewards will have to be considered as well as we increase in price
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April 28, 2017, 07:01:54 AM
 #720

Sorry for the noob question, but can someone explain to me what a staticnode is and what is does...?

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