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

[Pierre 2]

When bittrex support comes i will buy this coin.
I think it can be better, lot better than expected.

[taxmanmt5]

Is dev trying for other exchanges ?

One of the devs I work with is working on a "credit rating" system for some of the Bitcoin world.  It would involve a wallet holder getting a unique ID, like a SSN.  That user can then have another person that is giving them a loan or doing business include that ID in the data text of the TX.

[CCRevolution]

Hello Everyone! I am trying to get back into the swing of things after my travels and not being well. Updates will come but the website is first priority for me while the Dev Team is getting better organized for the (growing and coming) list of tasks. So, yes I am doing as much as possible each day to get the website finished, but like so many other days, things come up that end up taking a few hours to sort out, such as the following which is why I am making this post:

Earlier today there was a small misunderstanding that lead to some peoples feelings being hurt on the Slack and I would like to take a moment to apologize.

To start, the topic of conversation was from a couple members wanting to point out that there was an ICO with XtraBYtes, which was initially brought up as a side topic from the 100 XBY fee (which we have addressed more than once and will eventually be reduced but for now it is to help development costs).

To set the record straight: the ICO for XBY occurred in January of 2017 and this is where our story begins. If you do not already know our story, please take a few days to learn because the reading you will do as a potential investor or a current investor will help you make correct decisions that can potentially change your financial life forever. This is a very serious project with clear intentions to change the crytpocurrency world with a new technology, method of usage and consensus mechanism.

To clarify: the ICO for XBY was done under the name Bitmox. That project failed and would have been removed from the C-CEX exchange because there was almost ZERO volume leading up to the point that I connected with Borzalom who had already started the process of trying to resurrect the doomed coin.

https://bitcointalk.org/index.php?topic=1742688.msg17880844#msg17880844

Had Borzalom not contacted C-CEX and asked them to put the coin in maintenance mode, share the code with him and give him a chance to try to repair the problems, we would not be here today even having this discussion.

Therefore, that ICO has absolutely nothing to do with XtraBYtes, which is the project that OFFICIALLY started on April 7, 2017.

https://bitcointalk.org/index.php?topic=1793468.msg18500780#msg18500780

Unfortunately, due to lack of sleep, a massive workload, travel and being sick for the last week, I was a bit overly protective when people starting insisting there was an ICO and so I would like to offer my apologies to a few people:

First, our XtraBYtes Community Board who work tirelessly to take up the slack on Slack, along with several other members who continue to do a great job of keeping people focusing on the future, rather than allowing the continual FUD to take its toll on the XtraBYtes Community. Please know guys that we could never have achieved this level of success without you and you are appreciated far more than you can know.

Secondly, to @commodore64 and @cryptoica thank you for your questions and concerns, I hope they have now been answered to your satisfaction. I am sorry for coming across too aggressively in my attempt to help you understand the truth of the ICO that occurred before XtraBYtes was pulled from the fire.

Thank you and have a nice day!

[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?

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

That's interesting and how do the nodes work and find blocks?

[bigboss154]

Hello Everyone! I am trying to get back into the swing of things after my travels and not being well. Updates will come but the website is first priority for me while the Dev Team is getting better organized for the (growing and coming) list of tasks. So, yes I am doing as much as possible each day to get the website finished, but like so many other days, things come up that end up taking a few hours to sort out, such as the following which is why I am making this post:

Earlier today there was a small misunderstanding that lead to some peoples feelings being hurt on the Slack and I would like to take a moment to apologize.

To start, the topic of conversation was from a couple members wanting to point out that there was an ICO with XtraBYtes, which was initial brought up as a side topic from the 100 XBY fee (which we have addressed more than once and will eventually be reduced but for now it is to help development costs).

To set the record straight: the ICO for XBY occurred in January of 2017 and this is where our story begins. If you do not already know our story, please take a few days to learn because the reading you will do as a potential investor or a current investor will help you make correct decisions that can potentially change your financial life forever. This is a very serious project with clear intentions to change the crytpocurrency world with a new technology, method of usage and consensus mechanism.

To clarify: the ICO for XBY was done under the name Bitmox. That project failed and would have been removed from the C-CEX exchange because there was almost ZERO volume leading up to the point that I connected with Borzalom who had already started the process of trying to resurrect the doomed coin.

https://bitcointalk.org/index.php?topic=1742688.msg17880844#msg17880844

Had Borzalom not contacted C-CEX and asked them to put the coin in maintenance mode, share the code with him and give him a chance to try to repair the problems, we would not be here today even having this discussion.

Therefore, that ICO has absolutely nothing to do with XtraBYtes, which is the project that OFFICIALLY started on April 7, 2017.

https://bitcointalk.org/index.php?topic=1793468.msg18500780#msg18500780

Unfortunately, due to lack of sleep, a massive workload, travel and being sick for the last week, I was a bit overly protective when people starting insisting there was an ICO and so I would like to offer my apologies to a few people:

First, our XtraBYtes Community Board who work tirelessly to take up the slack on Slack, along with several other members who continue to do a great job of keeping people focusing on the future, rather than allowing the continual FUD to take its toll on the XtraBYtes Community. Please know guys that we could never have achieved this level of success without you and you are appreciated far more than you can know.

Secondly, to @commodore64 and @cryptoica thank you for your questions and concerns, I hope they have now been answered to your satisfaction. I am sorry for coming across too aggressively in my attempt to help you understand the truth of the ICO that occurred before XtraBYtes was pulled from the fire.

Thank you and have a nice day!

Thanks for the post Dave 

[Sweetbtc]

Hello Everyone! I am trying to get back into the swing of things after my travels and not being well. Updates will come but the website is first priority for me while the Dev Team is getting better organized for the (growing and coming) list of tasks. So, yes I am doing as much as possible each day to get the website finished, but like so many other days, things come up that end up taking a few hours to sort out, such as the following which is why I am making this post:

Earlier today there was a small misunderstanding that lead to some peoples feelings being hurt on the Slack and I would like to take a moment to apologize.

To start, the topic of conversation was from a couple members wanting to point out that there was an ICO with XtraBYtes, which was initial brought up as a side topic from the 100 XBY fee (which we have addressed more than once and will eventually be reduced but for now it is to help development costs).

To set the record straight: the ICO for XBY occurred in January of 2017 and this is where our story begins. If you do not already know our story, please take a few days to learn because the reading you will do as a potential investor or a current investor will help you make correct decisions that can potentially change your financial life forever. This is a very serious project with clear intentions to change the crytpocurrency world with a new technology, method of usage and consensus mechanism.

To clarify: the ICO for XBY was done under the name Bitmox. That project failed and would have been removed from the C-CEX exchange because there was almost ZERO volume leading up to the point that I connected with Borzalom who had already started the process of trying to resurrect the doomed coin.

https://bitcointalk.org/index.php?topic=1742688.msg17880844#msg17880844

Had Borzalom not contacted C-CEX and asked them to put the coin in maintenance mode, share the code with him and give him a chance to try to repair the problems, we would not be here today even having this discussion.

Therefore, that ICO has absolutely nothing to do with XtraBYtes, which is the project that OFFICIALLY started on April 7, 2017.

https://bitcointalk.org/index.php?topic=1793468.msg18500780#msg18500780

Unfortunately, due to lack of sleep, a massive workload, travel and being sick for the last week, I was a bit overly protective when people starting insisting there was an ICO and so I would like to offer my apologies to a few people:

First, our XtraBYtes Community Board who work tirelessly to take up the slack on Slack, along with several other members who continue to do a great job of keeping people focusing on the future, rather than allowing the continual FUD to take its toll on the XtraBYtes Community. Please know guys that we could never have achieved this level of success without you and you are appreciated far more than you can know.

Secondly, to @commodore64 and @cryptoica thank you for your questions and concerns, I hope they have now been answered to your satisfaction. I am sorry for coming across too aggressively in my attempt to help you understand the truth of the ICO that occurred before XtraBYtes was pulled from the fire.

Thank you and have a nice day!

Thanks for the post Dave 

There is a lot that he is working through to prevent abuse and other things, but I think that you guys should chat a little.  It seems that verification, to some extent is a goal for many wallet users and that is hard to provide while remaining decentralized and anonymous.
 

[EbenTheva]

It's amazing how updates are made from time to time keeping us all informed. Thanks for your input and wishing you the best!!

[baam25]

Any word on genesis block or when nodes will go live?

Thanks for updates

[aarell]

An article explaining Chord network. https://en.wikipedia.org/wiki/Chord_(peer-to-peer)

[skatola]

hi to all,
I'm in xby since one month, sadly i can afford just a small amount of it but i have a lot of trust : )
Maybe one day with my small amount i'll do huge things : )

[aarell]

hi to all,
I'm in xby since one month, sadly i can afford just a small amount of it but i have a lot of trust : )
Maybe one day with my small amount i'll do huge things : )

Something is better than nothing.As an investor don't look at daily up and downs in the price, just hold your XBY.

[vanfly]

XBY is officially on steemit.com!
Find us here: https://steemit.com/@xtrabytes/

[xenon01]

Hi,

I created an thread about the best scalable coin:
https://bitcointalk.org/index.php?topic=1965832.0

While I like XtraBytes for its uniqueness I was not aware that it could be a scalability solution, as well. But one answer in the other thread stated it is very scalable.
So can XtraBytes really handle much more transactions in a second than PoW or PoS coins?

If yes this coin would not be only a lot but extremely undervalued right now.

[Fatoshi]

Hi,

I created an thread about the best scalable coin:
https://bitcointalk.org/index.php?topic=1965832.0

While I like XtraBytes for its uniqueness I was not aware that it could be a scalability solution, as well. But one answer in the other thread stated it is very scalable.
So can XtraBytes really handle much more transactions in a second than PoW or PoS coins?

If yes this coin would not be only a lot but extremely undervalued right now.

Yeah we know. 

[nemwanderer]

Hi,

I created an thread about the best scalable coin:
https://bitcointalk.org/index.php?topic=1965832.0

While I like XtraBytes for its uniqueness I was not aware that it could be a scalability solution, as well. But one answer in the other thread stated it is very scalable.
So can XtraBytes really handle much more transactions in a second than PoW or PoS coins?

If yes this coin would not be only a lot but extremely undervalued right now.

Yeah we know. 

Indulge me. What's your 1 year price target?

[Fatoshi]

Hi,

I created an thread about the best scalable coin:
https://bitcointalk.org/index.php?topic=1965832.0

While I like XtraBytes for its uniqueness I was not aware that it could be a scalability solution, as well. But one answer in the other thread stated it is very scalable.
So can XtraBytes really handle much more transactions in a second than PoW or PoS coins?

If yes this coin would not be only a lot but extremely undervalued right now.

Yeah we know. 

Indulge me. What's your 1 year price target?

I will not be surprised if we are $1. I didn't say it will. I said i wouldn't be surprised.

[Fatoshi]

Sorry i just enjoy making these. Indulge me.

via Imgflip Meme Generator

[mnemonicsoup]

I transferred some Xtrabytes from Yobit to the Wallet today and it was there after 5 seconds. Impressive!

[LostWords]

I transferred some Xtrabytes from Yobit to the Wallet today and it was there after 5 seconds. Impressive!

Yeah, the speed of the transactions is very impressive. I remember talking to my friend on the phone and instructing him to transfer his XBY to his XBY-wallet. He was used to all the exchange confirmations of BTC, Doge and such so he was expecting it to take at least 15 minutes before they would arrive and it was more a matter of seconds then minutes. He was like: "Whut? What is this transaction coming in? Lol, is that mine??"

[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?

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

And could you explain please how the blocks are found with just a node, and no mining hardware?