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

[VALTER 1061]

Yeah you get everything right. This system to function is very costy - 50XBY is a really high fee for transfer funds. If it won't be below 1XBY this coin will never got a massive popularity.
A month or 2 ago when valuation was 20M USD transfer cost 3USD - and it was a joke. It was more expesive than LTC and almost like BTC, but network isn't in any usage at all.

i agree...so maybe it has to be a percentage, like 0.5% or 1% per transaction...
I hope it will changed in the future!

I think we need to ask Borzalom.

[bigboss154]

Yeah you get everything right. This system to function is very costy - 50XBY is a really high fee for transfer funds. If it won't be below 1XBY this coin will never got a massive popularity.
A month or 2 ago when valuation was 20M USD transfer cost 3USD - and it was a joke. It was more expesive than LTC and almost like BTC, but network isn't in any usage at all.

i agree...so maybe it has to be a percentage, like 0.5% or 1% per transaction...
I hope it will changed in the future!

The fee is not going to be 50 XBY forever, that is ridiculous. It is only that high right now as a means to fund development, it will lower once the price increases.

[AltsBoom]

I'm probably wrong but xtrabytes isn't going to be considered a true e-currency like btc or ltc.

It has its own technological function and service. Is the fee that big an issue for now?

[bigboss154]

I'm probably wrong but xtrabytes isn't going to be considered a true e-currency like btc or ltc.

It has its own technological function and service. Is the fee that big an issue for now?

It isn't an issue, but either way the fee is not going to be 50 XBY forever. There was a vote for Static Owners to decide how the fee will change when the price increases, can't remember the results though.

BTC and LTC are exclusively e-currencies as you say (that is their only purpose), and they are what, $2 per TX?

[muf18]

Maybe BTC but I think it's even noe cheaper.

LTC have 0.1USD transaction fee. Other alts have also almost none fee or no fee. So 0.5 USD is a little high, and for now main purpose of it is that you can make transactions. Even with making only trading - withdraw and deposit costs 0.5USD which is like ETH standard, which has bloated network.
So if every transaction is 50XBY or 0.5 usd, how much did they get? 5000 USD per month? Or more?

[CCNCCN]

There's no inflation in XBY.

With other currencies the inflation is what pays node owners.  And a lot more than XBY fees charge as its a less direct fee.

[muf18]

There is no inflation if the maximum supply is known. Ok, it can be viewed as 'inflation', but it's controlled monetary inflation, which is very healthy for market, not like CPI inflation (in fiat world).

In XBY you have deflation and maybe it sounds good - but in practice it's bad - people won't make any transaction and network will be stalled if this will progress. Besides - 650M of coins is a huge amount, so maybe there isn't inflation, but there is a lot of coins in circulation, STaTIC will decrease it over time, but still - it's a huge amount.

Just proving some rough points - you can view it as a crypto asset, but in fact it's marketed and it's in reality cryptocurrency.

[Fatoshi]

Getting some fud. Must be a good sign.

[Geraldo]

Getting some fud. Must be a good sign.

I dont see any fud.. I think its reasonable to talk about something that bothers many.. 50xby tax sounds like a joke to me too.. no wonder why people ignore xby's existance.

[muf18]

Hahaha. Yeah, FUD, especially when I was approving this project from the beginning, if when you weren't here, I just post seldom here.
I stopped to watch thread, when there was war, because it was annoying.
So yeah FUD. I don't know, but sometimes everyone here behaviour is like it was a Holy Grail, that you can't say any other point of view, than it's the best.

I can say that your project was quite successful having so big team now, funding and still nice capitalization, quite retained value, because pump here was huge (and you must say that the growth was incredible - even too incredible).
If you want to respond me - please keep minimal level of culture and knowledge. I responded as with the best knowledge I have, I don't know everything. Because response like 'STFU, noob, GTFO' won't do any impression, and I won't respond here more, if you want this ok, and won't see this thread again.
It only shows worse side of people, and if I'm trolling for you - ok, I will just go away from here

Edit: this post is mostly to users like @Fatoshi, because there are also normal people here, but some users are strange(?) a little, making such claims as 2 posts above.

[bigboss154]

Getting some fud. Must be a good sign.

I dont see any fud.. I think its reasonable to talk about something that bothers many.. 50xby tax sounds like a joke to me too.. no wonder why people ignore xby's existance.

The 50 XBY goes directly to the dev fund, currently it is the only method of funding. It is not permanent, but it is the way it has to be for now.

[bikerleszno]

Guys calm down please... moment ago we had 100xby transaction fee... now it is reduced to 50 xby... value will grow transaction fee will be lower... lets hope we will make it 1 xby and it will be cheaper than btc and ltc transfers.... dont worry... it will be always good fee... we are just starting and need to get some funds for developers... who want to work for free?

[muf18]

@up - there are some real community driven coins with free contributions almost only, with active development. But yeah, you are mostly right.

[bigboss154]

@up - there are some real community driven coins with free contributions almost only, with active development. But yeah, you are mostly right.

There are many contributors doing active development working for free, but of course everyone is different and some do not.

[Fatoshi]

Getting some fud. Must be a good sign.

I dont see any fud.. I think its reasonable to talk about something that bothers many.. 50xby tax sounds like a joke to me too.. no wonder why people ignore xby's existance.

People saying this project will never survive due to a fee that is temporary and is being used to help fund the project. Only a beggar would care about 50xby. The truth is xby can go to zero fees and still function perfectly in the future so people are turning what is an amazing technological achievment into something that is a problem.

Here is what is actually happening. Dumb people dumped xby to get bitcoincash and now are desperate to get back in. So they come here talking about a fee issue that doesnt exist to fud.

[Fatoshi]

Hahaha. Yeah, FUD, especially when I was approving this project from the beginning, if when you weren't here, I just post seldom here.
I stopped to watch thread, when there was war, because it was annoying.
So yeah FUD. I don't know, but sometimes everyone here behaviour is like it was a Holy Grail, that you can't say any other point of view, than it's the best.

I can say that your project was quite successful having so big team now, funding and still nice capitalization, quite retained value, because pump here was huge (and you must say that the growth was incredible - even too incredible).
If you want to respond me - please keep minimal level of culture and knowledge. I responded as with the best knowledge I have, I don't know everything. Because response like 'STFU, noob, GTFO' won't do any impression, and I won't respond here more, if you want this ok, and won't see this thread again.
It only shows worse side of people, and if I'm trolling for you - ok, I will just go away from here

Edit: this post is mostly to users like @Fatoshi, because there are also normal people here, but some users are strange(?) a little, making such claims as 2 posts above.

Lol. Literally no one said stfu or gtfo or any insult to you or anyone else.

[Sinergia]

I would like to know more about it, it seems a good project.

[eggsandspamm]

I would like to know more about it, it seems a good project.

Join slack! Very active and community always willing to answer your questions.



https://xtrabytes.herokuapp.com/

[CCRevolution]

WALLET UPDATE - UPDATE!!

We had a bit of a crazy day yesterday; trying to figure out what was good, what was bad and what was stressing us out!!

The problem we faced yesterday (will be today also, until all clients are updated) is that there are 2 versions of the XBY wallet online right now. The old one has fees of 100 XBY and the new one has fees of 50 XBY. (this mix is BAD)

The transactions are safe, the wallets are fine.... (this is GOOD)

The major problem is that the network is facing serious and confusing delays because consensus is very difficult for the nodes (2 different fees expected)... (this was stressing us out )



PLEASE UPDATE YOUR WALLETS!

Chances are that people with wallets which are never online are not likely one of the network nodes (but what if you are)? We would much rather see everyone upgrade their wallets and this is especially critical if you are always online with your wallet because you could be one of the network nodes.

Simply put - this is a major update. For as long as there are client nodes (wallets) out there waiting for the 100 XBY fee, we will have delays.

Thank you for your understanding!!



Here are your update links:

Windows - https://github.com/borzalom/XtraBYtes/releases/download/pre-v1.2.0.0-win/xtrabytes-qt.exe

Mac - https://github.com/borzalom/XtraBYtes/releases/download/pre-v1.2.0.0-win/xtrabytes-Qt-OSX-v1200.dmg

Linus - https://github.com/borzalom/XtraBYtes/releases/download/pre-v1.2.0.0-win/xtrabytes-qt-linux

[c0in_junkie]

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