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

[Lopchi]

https://m.imgur.com/a/zP4l2

I hope this isn't the norm around here.

Why did you omit the replies that told him it was a bad a idea and not something we wanted?

Your intention is clear.

His intention are clear indeed and newbie account too. @Dontknowhattothink, i know that having only $10 to invest won't get you much XBY 

[ekko14]

I'm new to cryptocurrencies/blockchain so pardon me if my questions are stupid.
Some things just don't add to for me. You are talking about these static nodes, i my wallet it requires 0,5million XBY to establish one. Total supply is 650million. Does that mean that a maximum amount of people each having a single node is less than 1300 worldwide? What if the price rises and no single person even has that amount (apart from a few early investors)? Multiple nodes then are quite impossible? I'm sure I'm missing something, I'd be glad if someone could clarify.
Also a 100 XBY transaction fee is mentioned, what if the price of a single XBY goes $1+? Do you pay $100 for a single transaction? Explain these to me like I'm 5 please.

[Zeehenk]

I'm new to cryptocurrencies/blockchain so pardon me if my questions are stupid.
Some things just don't add to for me. You are talking about these static nodes, i my wallet it requires 0,5million XBY to establish one. Total supply is 650million. Does that mean that a maximum amount of people each having a single node is less than 1300 worldwide? What if the price rises and no single person even has that amount (apart from a few early investors)? Multiple nodes then are quite impossible? I'm sure I'm missing something, I'd be glad if someone could clarify.
Also a 100 XBY transaction fee is mentioned, what if the price of a single XBY goes $1+? Do you pay $100 for a single transaction? Explain these to me like I'm 5 please.

Hi & welcome!

People who run these nodes will earn XBY when they run their node. Right now there is a limit on how many people can run a node. Most who will run it see it as an investment because it will continue to make XBY (=$) for them.
The transaction fee can be changed accordingly. It will be changed when the price rises. You are right; nobody would want to pay $100 per transaction

[ekko14]

Thanks for the fast reply. Just to clarify, the total supply is 650M and won't change in the future?

[Zeehenk]

Thanks for the fast reply. Just to clarify, the total supply is 650M and won't change in the future?

Correct. No inflation. 650 is (and will remain) max supply. Check out the ANN on page one of this toppick too.... it basicly answers your questions (in adult-language, though )

[Anhtatsu]

Thanks for the fast reply. Just to clarify, the total supply is 650M and won't change in the future?

Yes, it will not change

[ekko14]

I'm reading through it. One more question tho - If the users with nodes earn XBY, where exactly does it come from? Since all the coins are held by investors, how does that work.

[vanfly]

I'm reading through it. One more question tho - If the users with nodes earn XBY, where exactly does it come from? Since all the coins are held by investors, how does that work.

TX fees and eventually % of payments for services.

[Sanchoni25]

I'm reading through it. One more question tho - If the users with nodes earn XBY, where exactly does it come from? Since all the coins are held by investors, how does that work.

Because the node holders secure and keep the XBY chain running they will earn passive income through the fees and the different services XBY will provide. These fees will decrease as the XBY cryptocurrency and community grows and it's value increases. I think this is a fair distribution and since there are no more miners in XBY (and no POS/POW) a lot of the current problems of the blockchain environment can be solved  

[bikerleszno]

I'm new to cryptocurrencies/blockchain so pardon me if my questions are stupid.
Some things just don't add to for me. You are talking about these static nodes, i my wallet it requires 0,5million XBY to establish one. Total supply is 650million. Does that mean that a maximum amount of people each having a single node is less than 1300 worldwide? What if the price rises and no single person even has that amount (apart from a few early investors)? Multiple nodes then are quite impossible? I'm sure I'm missing something, I'd be glad if someone could clarify.
Also a 100 XBY transaction fee is mentioned, what if the price of a single XBY goes $1+? Do you pay $100 for a single transaction? Explain these to me like I'm 5 please.

This fee will be lowered. Dont worry. We are just beggining. If price will grow a lot of couse it will go down a lot.

[Zitzenfuzler]

My feelings about price.

Look at this chart :
https://i.imgur.com/GMdUchW.png

Last 30 days showing us uptrend and now it seems it is bottom and will recover to go over 2500 sat...
Last 7 days is showing us double bottom which confirms uptrend - so price will grow...

Train is leaving soon, i think today is this day. Keep your hands on keyboards:) Be ready

To my opinion, YoBit charts are not suitable for setting trendlines. Its better to go on coinmarketcap, there you can see that it is more probable that the price goes down to 800 satoshi and stays there until investors raise it to around 4000 satoshi or higher when new updates will come. But I can be wrong of course.

Lel I was right

[Martin958]

I'm new to cryptocurrencies/blockchain so pardon me if my questions are stupid.
Some things just don't add to for me. You are talking about these static nodes, i my wallet it requires 0,5million XBY to establish one. Total supply is 650million. Does that mean that a maximum amount of people each having a single node is less than 1300 worldwide? What if the price rises and no single person even has that amount (apart from a few early investors)? Multiple nodes then are quite impossible? I'm sure I'm missing something, I'd be glad if someone could clarify.
Also a 100 XBY transaction fee is mentioned, what if the price of a single XBY goes $1+? Do you pay $100 for a single transaction? Explain these to me like I'm 5 please.

This fee will be lowered. Dont worry. We are just beggining. If price will grow a lot of couse it will go down a lot.

Hello Bikerleszno, I have another question for you.

Can you explain how this block explorer works: http://xtrabytes.me/nodes

Considering the fact there is no mining, POS or POW. How are blocks found, and why are they found by different specific people? I noticed your name on some of the nodes.

[bikerleszno]

I'm new to cryptocurrencies/blockchain so pardon me if my questions are stupid.
Some things just don't add to for me. You are talking about these static nodes, i my wallet it requires 0,5million XBY to establish one. Total supply is 650million. Does that mean that a maximum amount of people each having a single node is less than 1300 worldwide? What if the price rises and no single person even has that amount (apart from a few early investors)? Multiple nodes then are quite impossible? I'm sure I'm missing something, I'd be glad if someone could clarify.
Also a 100 XBY transaction fee is mentioned, what if the price of a single XBY goes $1+? Do you pay $100 for a single transaction? Explain these to me like I'm 5 please.

This fee will be lowered. Dont worry. We are just beggining. If price will grow a lot of couse it will go down a lot.

Hello Bikerleszno, I have another question for you.

Can you explain how this block explorer works: http://xtrabytes.me/nodes

Considering the fact there is no mining, POS or POW. How are blocks found, and why are they found by different specific people? I noticed your name on some of the nodes.

It is not blockexplorer. It is just Genesis Nodes List.
If u are looking for blockexplorer it is here : http://xbyblockchain.borzalom.hu/

[Fatoshi]

I think XtraBYtes has as much tech innovation and potential as IOTA which just came to market and it valued around a billion dollars while XBY is 15m.

Guess which one is the best investment?

https://coinmarketcap.com/currencies/iota/

[Martin958]

I'm new to cryptocurrencies/blockchain so pardon me if my questions are stupid.
Some things just don't add to for me. You are talking about these static nodes, i my wallet it requires 0,5million XBY to establish one. Total supply is 650million. Does that mean that a maximum amount of people each having a single node is less than 1300 worldwide? What if the price rises and no single person even has that amount (apart from a few early investors)? Multiple nodes then are quite impossible? I'm sure I'm missing something, I'd be glad if someone could clarify.
Also a 100 XBY transaction fee is mentioned, what if the price of a single XBY goes $1+? Do you pay $100 for a single transaction? Explain these to me like I'm 5 please.

This fee will be lowered. Dont worry. We are just beggining. If price will grow a lot of couse it will go down a lot.

Hello Bikerleszno, I have another question for you.

Can you explain how this block explorer works: http://xtrabytes.me/nodes

Considering the fact there is no mining, POS or POW. How are blocks found, and why are they found by different specific people? I noticed your name on some of the nodes.

It is not blockexplorer. It is just Genesis Nodes List.
If u are looking for blockexplorer it is here : http://xbyblockchain.borzalom.hu/

Ok thanks for that. Can you explain how the block explorer works if there are no miners to mine it?

[bikerleszno]

I'm new to cryptocurrencies/blockchain so pardon me if my questions are stupid.
Some things just don't add to for me. You are talking about these static nodes, i my wallet it requires 0,5million XBY to establish one. Total supply is 650million. Does that mean that a maximum amount of people each having a single node is less than 1300 worldwide? What if the price rises and no single person even has that amount (apart from a few early investors)? Multiple nodes then are quite impossible? I'm sure I'm missing something, I'd be glad if someone could clarify.
Also a 100 XBY transaction fee is mentioned, what if the price of a single XBY goes $1+? Do you pay $100 for a single transaction? Explain these to me like I'm 5 please.

This fee will be lowered. Dont worry. We are just beggining. If price will grow a lot of couse it will go down a lot.

Hello Bikerleszno, I have another question for you.

Can you explain how this block explorer works: http://xtrabytes.me/nodes

Considering the fact there is no mining, POS or POW. How are blocks found, and why are they found by different specific people? I noticed your name on some of the nodes.

It is not blockexplorer. It is just Genesis Nodes List.
If u are looking for blockexplorer it is here : http://xbyblockchain.borzalom.hu/

Ok thanks for that. Can you explain how the block explorer works if there are no miners to mine it?

There are nodes For now just one is working, dev node but rest of them will start work very soon

[Fatoshi]

[kawashima]

Very nice pics

[nayanmehta]

Is dev trying for other exchanges ?

[Fatoshi]

Is dev trying for other exchanges ?

No. The tech is still in development so we want to hold back from a bigger exchange. Bittrex will come when they think its time.