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bigboss154
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September 07, 2017, 08:24:10 PM |
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You won't find very many people that have been doing this for very long that think keeping more than necessary on an exchange is a good idea.
If you think it is, you just haven't been doing this long enough. Learn to manage your own security and wallets.
Yeah, unless you have your coins in your own personal wallet then you do not really 'own' your coins, the exchanges do. Anything could happen to them, which is why you should always keep them in cold storage. |
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bigboss154
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September 07, 2017, 11:12:27 PM |
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REMINDER TO JOIN THE XTRABYTES TEST-NET Head to our Slack and speak to Rule144 to get involved! Steemit post with more info on what the Testnet is and how it benefits XTRABYTES |
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Fatoshi
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September 08, 2017, 02:35:49 AM |
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You won't find very many people that have been doing this for very long that think keeping more than necessary on an exchange is a good idea.
If you think it is, you just haven't been doing this long enough. Learn to manage your own security and wallets.
Correct. Over the last 5 years nearly every exchange gets hacked...its a matter of when not if. Its been a while since that last big one so probably we are due one soon that will remind people. With an exchange you are basically handing your coins over to a stranger on the internet. Only coins kept on an exchange should be ones you can laugh off if you lose. |
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Nick J.
Newbie
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Activity: 66
Merit: 0
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September 08, 2017, 04:24:01 AM |
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Question for Borz -
Im thinking waaay ahead and it may sound rediculous. But lets say a company wanted to create a module on XBY and have a token running on it. Would it make sense to create something like "Ghost Nodes"... Meaning that, u have a rule stateting that every Module creater needs to hold lets say 500k XBY minimum and have it setup as a node. (Ghost node)
But because we already have 512 lvl 1 statics when everything is running perfect, then this ghost node is basicly just then holding 500k coins. (Not active)
But then in case one of our live nodes go offline, then one of these " Ghost nodes" activates and then boost the network and thereby security back up, until our offline node comes back online??
In this case we would always have 512 lvl 1 running at all times. (Or lvl 2)
Just a quick idea i got.
This would 1) add to the overall security of the network at any time. 2) lock up more coins in strong hands and stabilize the price. 3) possible more benefits that i havent thought of yet.
Thx
************************************************************************************************************
In addition to this and i need to put it here before i forget it, since i get so many ideas every day on all kinds of things.
But lets say these ghost nodes made sense for XBY to have, then i imagine members/investers could do the same from their wallet.
Locking up a ghostnode as backup support for the network.
The benefit of doing this, could be to earn a free spot as a live node holder, in case a current node goes offline for a longer period.
So again u could have a rule stating that in case of a current node being offline for more then one week, then the ghost node replacing it will then take its place and now activate as a live static node and the former live node would then be put in quo as a ghost or simply just canceled until its brought back up manually and then the owner will need to have it running as a ghost or simply buy his way back in when a slot is free.
The buy back in could possible be cheaper then the 100k fee on a lvl 1 static if his coins havent left his address (been sold/rebought)
But this is the easy part to figure out and agree upon.
This could apply for both lvl 1 + 2 static nodes.
I think this would be a smooth way of having the network at its peak at all times.
Cuz otherwise we will see yoyo movement in node numbers as price of xby pumps and ppl sell.
People will still be able to buy a static node slot, if one such is free and have been taken by a ghostnode for only a few days.
But after lets say a week as an example, then the ghost node wins the spot for free, due to the long support as backup!
I hope it made sense.
If the decission of which ghost node to replace the offline slot is done by a random processor, then u also have insentiment for more people to buy a full node in the hope of getting a live node and yet again stabalize the price even further.
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Fatoshi
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September 08, 2017, 07:17:57 AM
Last edit: September 09, 2017, 06:14:09 PM by Fatoshi |
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I think a crucial question which I have struggled to get a definitive answer and much mixed messages is how apps would connect to xby currency.
I think both ways could have good and bad affects on demand but are very different. ETH as I understand uses gas in its system and any ETH app will run the apps token. This as we have seen with eth creates demand for eth to buy into icos. The other senario is apps run on xby the blood if you want to think of it so as more apps are added then demand for xby will greatly increase. There is though maybe a lack of need for xby to create an ico but as I have said the intrinsic demand also creates powerful demand.
This is a huge question for xby. Yes being like eth model.is good but long term the idea that existing platform can just slot into xby platform.and earn xby but being used is bigger than any other issue. ETH model isnt that viable long term for token icos....they grab some money and then have to run a company on eth blockchain. But if companies can join the move to decentralisation and still make money they wont care if they dont get ico money.
So which is true?
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Delphinus
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September 08, 2017, 03:14:36 PM |
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So I joined the testnet, send my public key to Rule.
Is everything now officially started and can I use above tool to start testing etc. ?
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bigboss154
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September 08, 2017, 04:05:50 PM |
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So I joined the testnet, send my public key to Rule.
Is everything now officially started and can I use above tool to start testing etc. ?
There will be an announcement when the next phase of testing begins, so just gotta wait.  |
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addergebroed
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September 08, 2017, 08:22:42 PM |
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Yobit wallet fixed! Just transferred everything to Cryptopia. Hurry up before the wallet gets rekt again at Yobit..
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bigboss154
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September 08, 2017, 09:02:09 PM |
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Yobit wallet fixed! Just transferred everything to Cryptopia. Hurry up before the wallet gets rekt again at Yobit..
Good shit, but why not move to your personal wallet? Exchanges could go down at any time. |
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ThepowerofD
Member
Offline
Activity: 162
Merit: 10
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September 09, 2017, 12:42:56 AM |
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Yobit wallet fixed! Just transferred everything to Cryptopia. Hurry up before the wallet gets rekt again at Yobit..
Good shit, but why not move to your personal wallet? Exchanges could go down at any time. The #FOMO and I've had on cryptopia since last yr not that I don't agree a personal wallet is safer just if you willing to trade that's the best route |
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vittosport
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September 09, 2017, 01:38:52 AM |
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What happen to Xby where is the technologie, where is the white paper and where is the community where is the statics nodes ?
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vittosport
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September 09, 2017, 01:50:23 AM |
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I love xtra byte I wish all succes to this coin I'm note against it yes this coin come from 1 sat to 500 sat it's great but look at pura with no tech it come also from 1sat to 1$ in about 6 month why not xby with the tech and the large community.
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bigboss154
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September 09, 2017, 02:05:47 AM
Last edit: September 09, 2017, 02:21:40 AM by bigboss154 |
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Have you even read the last few pages at all? Also, I don't think you understand the scope of what is being built here. Pura (lol) is a DASH clone and a coin swap. Do your research.
Also I already answered your question about tech 2 days ago and now you asking the same thing again, so the answer remains the same. No need to be so impatient.
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fishfishfish313
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September 09, 2017, 03:45:46 AM |
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I love xtra byte I wish all succes to this coin I'm note against it yes this coin come from 1 sat to 500 sat it's great but look at pura with no tech it come also from 1sat to 1$ in about 6 month why not xby with the tech and the large community.
Really? PURA is in no way similar to what XtraBytes is. lulzzzz . . Do yourself and read the ANN of that sketchy coinswap from iCash and then come back and read the XBY ANN. Analyze the problems XBY is attempting to solve. Look a the innovative and powerful tech that is being created here. If you want a p and d, then go look elsewhere If you are looking for a solid community, and new tech with active development, that is still very much under the radar, consider yourself blessed to be here. Just my take . .  |
I'll one shot you with the Wingman from the top of Skulltown - Apex
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Fatoshi
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September 09, 2017, 04:49:49 AM |
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Yobit wallet fixed! Just transferred everything to Cryptopia. Hurry up before the wallet gets rekt again at Yobit..
Good shit, but why not move to your personal wallet? Exchanges could go down at any time. The #FOMO and I've had on cryptopia since last yr not that I don't agree a personal wallet is safer just if you willing to trade that's the best route As long as people.are informed of the risks then its up to them.what they do. What people dont have a right to though is have all ypur coins on exchnages trying to swing trade and then moan against yobit and even xby if they fuck up. People have been.warned so now its not XBY team concern. Imo (I am not team member) |
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ThepowerofD
Member
Offline
Activity: 162
Merit: 10
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September 09, 2017, 05:05:17 AM |
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Yobit wallet fixed! Just transferred everything to Cryptopia. Hurry up before the wallet gets rekt again at Yobit..
Good shit, but why not move to your personal wallet? Exchanges could go down at any time. The #FOMO and I've had on cryptopia since last yr not that I don't agree a personal wallet is safer just if you willing to trade that's the best route As long as people.are informed of the risks then its up to them.what they do. What people dont have a right to though is have all ypur coins on exchnages trying to swing trade and then moan against yobit and even xby if they fuck up. People have been.warned so now its not XBY team concern. Imo (I am not team member) my sentiments exactly to be honest since you brought it up YObit are scam artist no one should ever use them...XBY is A1 top tier coin just wait on it |
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niklasmato
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September 09, 2017, 08:47:40 AM |
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Yobit wallet fixed! Just transferred everything to Cryptopia. Hurry up before the wallet gets rekt again at Yobit..
Good shit, but why not move to your personal wallet? Exchanges could go down at any time. The #FOMO and I've had on cryptopia since last yr not that I don't agree a personal wallet is safer just if you willing to trade that's the best route As long as people.are informed of the risks then its up to them.what they do. What people dont have a right to though is have all ypur coins on exchnages trying to swing trade and then moan against yobit and even xby if they fuck up. People have been.warned so now its not XBY team concern. Imo (I am not team member) my sentiments exactly to be honest since you brought it up YObit are scam artist no one should ever use them...XBY is A1 top tier coin just wait on it It's not only Yobit.. the rule is to never leave your coins on an exchange for a prolonged time. Do your trading and get the hell out of there. We have been reading 2 many posts of people who lost coins due to problems on exchanges. Transfer them to your local wallet, make a backup and forget about them for a year, come back after a year and jump out of happiness |
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yinoye
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September 09, 2017, 09:25:18 AM |
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I just found out about xtrabyte from a steemit post by someone I follow. I liked what I read and I came here to read more. I love the concept of this coin. I also love the logo. It looks cool and professional.
I'm gonna buy myself some xtrabytes ASAP and keep for long term.
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cedlemercier
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September 09, 2017, 10:31:55 AM |
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I just found out about xtrabyte from a steemit post by someone I follow. I liked what I read and I came here to read more. I love the concept of this coin. I also love the logo. It looks cool and professional.
I'm gonna buy myself some xtrabytes ASAP and keep for long term.
You can send steemit article ? Thank you |
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