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

[niklasmato]

The way this project is going make me want to buy lots and lots of XBY.
It was a bumpy start if i remember correctly but i always kept all my XBY and i'm very happy that i did this. 

[Optimiza]

As an investor, I am optimistic about the XBY's new technology (POSign, Vitals,etc . ..) and put my trust on the developers. However, I genuinely would like to know the criticisms against it if they are out there.  The technology is "experimental" after all, so I cannot discount if it might be a chimeric dream or if there is some big hurdle that the tests and simulations will reveal.  On the other hand, reassurances that tests and simulations are promising and everything is going according to plan would help cement my faith in XBY.

If you look at some previous posts by Dave, testing has been going extremely well so far with the public testnet starting soon as well.

Good news so far, and the price has remained stable meanwhile.  This might be the time to accumulate before the ascent starts (suspect it will be a sudden thing and hit when you least expect).

[bigboss154]

As an investor, I am optimistic about the XBY's new technology (POSign, Vitals,etc . ..) and put my trust on the developers. However, I genuinely would like to know the criticisms against it if they are out there.  The technology is "experimental" after all, so I cannot discount if it might be a chimeric dream or if there is some big hurdle that the tests and simulations will reveal.  On the other hand, reassurances that tests and simulations are promising and everything is going according to plan would help cement my faith in XBY.

If you look at some previous posts by Dave, testing has been going extremely well so far with the public testnet starting soon as well.

Good news so far, and the price has remained stable meanwhile.  This might be the time to accumulate before the ascent starts (suspect it will be a sudden thing and hit when you least expect).

Yes, absolutely.

[bigboss154]

JOIN THE XTRABYTES TEST-NET

Slack invite link: https://xtrabytes.herokuapp.com

[bikerleszno]

Over 1400 slack members we are growing pretty fast

[bigboss154]

Over 1400 slack members we are growing pretty fast

Yeah, it is pretty insane. 

[fishfishfish313]

As an investor, I am optimistic about the XBY's new technology (POSign, Vitals,etc . ..) and put my trust on the developers. However, I genuinely would like to know the criticisms against it if they are out there.  The technology is "experimental" after all, so I cannot discount if it might be a chimeric dream or if there is some big hurdle that the tests and simulations will reveal.  On the other hand, reassurances that tests and simulations are promising and everything is going according to plan would help cement my faith in XBY.

I guess you can call it a weakness but long term I think it could be the making of XBY....what im talking about is the fact we didnt have a bot ICO so we arent well known and the path to getting know these days is to have a big ICO. Also with that we dont have the funds for big pr campaigns.

As you said its experimental but really everything in crypto is experimental that is innovative. We arent open source yet and also we only have one real core coder and visionary even though he gets help. Truth is most big ICOs  only really have 1 or 2 real core coders as the rest are support...pr etc.


My hunch is as much of the work has been done in a very short time period then once open source some wrinkles might need to be ironed out by other fresh developer eyes on the code....but this is conjecture based on nothing really as the developer seems very serious and experienced.

Yes.  Most have a couple core core developers.  The cool thing, is that once the code is open source, other devs will want to check out the code.  I think once we are open source, we can show the world the github, there will be no way to even a bit skeptical of what is going on here.  I consider myself quite blessed to be here early. 

Marketing push is starting soon, and I will do what I can (either writing articles on steemit, medium, utilizing social media, talking with other investors, etc) to help get eyes and ears on XBY.  That is literally the only thing holding back price.  Most of us here already know the potential, and we are holding tight.  New investors are needed.  New eyes.  New writers, bloggers, public relations people, twitter people, new eyes on the ANN, etc)  The upcoming website will be a great place to send people that ask about it.  I'm looking forward to future developments.

[lijoe408]

Can we get some official posting about the state of the masternodes? I see alot of questions on it and i'm frankly very confused by it myself.  There are some nodes that cost 500K and some that will cost 250k? However you have to pay 100K to buy a 500k node? Also something about 500k nodes that are broken and need to be auctioned off?? I also saw something about the 250k being potentially to earn more than the 500k node?   Alot of info floating around and hard to make sense of it.  I hope someone can condense it at some point.

[bigboss154]

Can we get some official posting about the state of the masternodes? I see alot of questions on it and i'm frankly very confused by it myself.  There are some nodes that cost 500K and some that will cost 250k? However you have to pay 100K to buy a 500k node? Also something about 500k nodes that are broken and need to be auctioned off?? I also saw something about the 250k being potentially to earn more than the 500k node?   Alot of info floating around and hard to make sense of it.  I hope someone can condense it at some point.

500k nodes are Level 1 nodes and Level 2 nodes have not been revealed yet (but they probably cost 250k). If any level 1 nodes are broken then their space will get auctioned (because there is a max of 512 Level 1 nodes). Anyone saying level 2 nodes will earn more than the level 1 nodes are making things up because common sense would not allow that to happen. The 100k fee for buying broken nodes will get split between current Level 1 owners

[lijoe408]

Can we get some official posting about the state of the masternodes? I see alot of questions on it and i'm frankly very confused by it myself.  There are some nodes that cost 500K and some that will cost 250k? However you have to pay 100K to buy a 500k node? Also something about 500k nodes that are broken and need to be auctioned off?? I also saw something about the 250k being potentially to earn more than the 500k node?   Alot of info floating around and hard to make sense of it.  I hope someone can condense it at some point.

500k nodes are Level 1 nodes and Level 2 nodes have not been revealed yet (but they probably cost 250k). If any level 1 nodes are broken then their space will get auctioned (because there is a max of 512 Level 1 nodes). Anyone saying level 2 nodes will earn more than the level 1 nodes are making things up because common sense would not allow that to happen. The 100k fee for buying broken nodes will get split between current Level 1 owners

Ok, an interesting concept.  But who will facilitate the auction? Will the board be the arbiters?  I think the reason major buying hasn't started is b/c some of these concepts are still unclear and info doesn't seem to be readily available.

[WayToGo]

Can we get some official posting about the state of the masternodes? I see alot of questions on it and i'm frankly very confused by it myself.  There are some nodes that cost 500K and some that will cost 250k? However you have to pay 100K to buy a 500k node? Also something about 500k nodes that are broken and need to be auctioned off?? I also saw something about the 250k being potentially to earn more than the 500k node?   Alot of info floating around and hard to make sense of it.  I hope someone can condense it at some point.

500k nodes are Level 1 nodes and Level 2 nodes have not been revealed yet (but they probably cost 250k). If any level 1 nodes are broken then their space will get auctioned (because there is a max of 512 Level 1 nodes). Anyone saying level 2 nodes will earn more than the level 1 nodes are making things up because common sense would not allow that to happen. The 100k fee for buying broken nodes will get split between current Level 1 owners

Ok, an interesting concept.  But who will facilitate the auction? Will the board be the arbiters?  I think the reason major buying hasn't started is b/c some of these concepts are still unclear and info doesn't seem to be readily available.

Is there only 460 nodes now. How do they allocate the remaining to reach 512 nodes first?

[WayToGo]

The transaction feee is set to 50 XBytes. Does this mean that the price of XBytes will never reach $1 as each transaction would cost like $50?
What am I missing here?

[bigboss154]

The transaction feee is set to 50 XBytes. Does this mean that the price of XBytes will never reach $1 as each transaction would cost like $50?
What am I missing here?

The fee will scale down as the price rises. It's not going to be 50 forever. Borz was already doing some testing on dynamic scaling fees and trust factors, e.g. zero fees for 'friends' on the network.

[kikhtr]

No POW, no POS. Any reward we can earn with this coin?

[c0in_junkie]

Yes with a static node, but as i know the first round ist over to register a node from the first round.
But i heard in future there is a second round where you can register new static nodes.

[Fatoshi]

No POW, no POS. Any reward we can earn with this coin?

Yeah a big one.....owning it.  



*nodes will earn transaction fees and service fees likely far more than any masternode system.

[Delphinus]

I think on the short term the price gains will outweigh any staking reward you could possibly get.

[yosir]

I think on the short term the price gains will outweigh any staking reward you could possibly get.

It's all depends on avaibility and price of one static in future. If all go well, in the long run staking will be much more profitable than short term speculation.  

[krizniq]

so, are static nodes full or not?
I did not get any clear answer and I'm interested of running one. But need to know tech spec/reqs as well in terms of fees/rewards and so on.

If anybody can reach me via PM here or on slack, will be appreciated.

Thanks

[PeoplePower]

No POW, no POS. Any reward we can earn with this coin?

No reward for simply owning the coin but the incentive for owning this coin is that it will be used to pay for the services offered through the modules on the xby blockchain. That will add value and a use case for owning the coin.