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

[mapie88]

what fintech event? name it

ccr liar

Just get a life, will you? And study english a bit more.

[PGPpfKkx]

I am new here,bought in yesterday. can someone ELLI5 how many coins do I need to have to run a static node?

[enkiamo]

I am new here,bought in yesterday. can someone ELLI5 how many coins do I need to have to run a static node?

https://community.xtrabytes.global/faq/how-much-for-a-static-node.76/

Here are the answers to some other common questions.

https://community.xtrabytes.global/faq/

[lijoe408]

How many circulating XBY will there be when all the static nodes are locked lvl1, lvl2, lvl3?

Not sure but near about 100-150 million, CCR had posted the calculations in slack but I don't remember.

The question i've asked time and time again, but seems to be ignored is how can anyone guarantee that these nodes will be filled? In any market there is an equilibrium that is reached between the number of masternodes filled vs price of the coin.  How does the XBY team come up this number and the assumption that all the nodes will be filled?  This is the most basic question that noone seems to have an answer for or even bother addressing?  This is a red flag since this is one of the justifications used to create xfuel to begin with.  I'm not even trying to fud, but i'm wondering why noone is asking this basic question, or if there is an answer for it somewhere.

Like somone already said its simply the max limit if all three levels of nodes are filled. If you want to talk about anyone ignoring questions and you genuinely want to engage with an adult convesatuon then you side of that bargain is you have to listen to the answers.

So yeah its simply the max limit but I will also add my personal opinion to why most if not all will quite easily be filled.

1. Level 1 nodes even though the project was in early days had a huge demand for nodes...i think 512 which is a hell of a lot considering theywere 500k each even though the price was differnet to now they werent cheap.

2. Most of those nodes have not been broken even with the ups and downs of the project.

3. Nodes will be made and broken over time that simply how the system works...no one is trapped into keeping them. I also think as people see they can earn a good return from owning a node and free nodes become more scarce then people will be reluctant to break a node as they cant gurantee they can form a node again later. Node owning will likely have a premium...thats the free market.

4. The nodes dont cost anything (maybe some trasnfer fees for new lv1 though) they are simply held coins earning extra xby so the motivation is there for large holders and that wont change even if node sizes change over time.

5. This is the big one...nodes will earn fees like other nodes BUT more importantly they will earn from all the service fees from coperating daaps using the xby token. As the platform grows then obviously those service fees will grow so owing one will be potentially incredibly profitable far beyond any masternode. So yes a level node might end up being worth even a few million dollars but also they will earn possibly as much as a small company in service fees. Of course we dont know how big xby will get but the ratio to service fees and daaps to value of xby is gonna be related and will scale up.

6. Nodes particularly lv2 and lv3 are still dirt cheap...or at least will be dirt cheap. Even a level 1 node is still only a couple of bitcoin....cheap if you compare to say a dash node.

7. Lastly node owning is not for everyone. A few thousand nodes will be available probably forever. So as rime goes on it wont be for the average guy just like the avwrage guy doesnt own 20k bitcoin......but these people do exist. There is talk of splitting nodes when they become more expensiive but also im sure if they produce good returns then you might even see large companies owning one or even groups of investors owning one as part of a fund etc.

The Fatoshi High Yield Node Tracker Fund....hmm I like the sound of that.  


Ive said it before and its why I havent sold a single xby is because this is not like some niche ico token. This is a platform that will earn xby as an ACCUMULATE of all daaps that plug into the ecosystem. Who knows as companies we know today decide to plug into the platform as an alternative to the advertising model used today you as a node owner have a stake in all their future profits. Its this compound profit of future dapps that make xby a no brainer. You got to be able to logically imagine the future to get xby.. If you cant im sure there are some 100m priced niche ICOs that wont even get used in the future you can buy right now if you want. Lol.

Yes I understand all the listed benefits to having a node.  With any project of course there has to be incentive to run a full node.  My issue is that one of the rationale given for needing XFUEL is just give XBY more liquidity b/c only 100M will circulate when all the nodes will be filled.  I'm saying it doesn't seem reasonable to create a token to free up excess supply, based on a scenario where maximum number of nodes are filled. 

[deldil]

How many circulating XBY will there be when all the static nodes are locked lvl1, lvl2, lvl3?

Not sure but near about 100-150 million, CCR had posted the calculations in slack but I don't remember.

The question i've asked time and time again, but seems to be ignored is how can anyone guarantee that these nodes will be filled? In any market there is an equilibrium that is reached between the number of masternodes filled vs price of the coin.  How does the XBY team come up this number and the assumption that all the nodes will be filled?  This is the most basic question that noone seems to have an answer for or even bother addressing?  This is a red flag since this is one of the justifications used to create xfuel to begin with.  I'm not even trying to fud, but i'm wondering why noone is asking this basic question, or if there is an answer for it somewhere.

Like somone already said its simply the max limit if all three levels of nodes are filled. If you want to talk about anyone ignoring questions and you genuinely want to engage with an adult convesatuon then you side of that bargain is you have to listen to the answers.

So yeah its simply the max limit but I will also add my personal opinion to why most if not all will quite easily be filled.

1. Level 1 nodes even though the project was in early days had a huge demand for nodes...i think 512 which is a hell of a lot considering theywere 500k each even though the price was differnet to now they werent cheap.

2. Most of those nodes have not been broken even with the ups and downs of the project.

3. Nodes will be made and broken over time that simply how the system works...no one is trapped into keeping them. I also think as people see they can earn a good return from owning a node and free nodes become more scarce then people will be reluctant to break a node as they cant gurantee they can form a node again later. Node owning will likely have a premium...thats the free market.

4. The nodes dont cost anything (maybe some trasnfer fees for new lv1 though) they are simply held coins earning extra xby so the motivation is there for large holders and that wont change even if node sizes change over time.

5. This is the big one...nodes will earn fees like other nodes BUT more importantly they will earn from all the service fees from coperating daaps using the xby token. As the platform grows then obviously those service fees will grow so owing one will be potentially incredibly profitable far beyond any masternode. So yes a level node might end up being worth even a few million dollars but also they will earn possibly as much as a small company in service fees. Of course we dont know how big xby will get but the ratio to service fees and daaps to value of xby is gonna be related and will scale up.

6. Nodes particularly lv2 and lv3 are still dirt cheap...or at least will be dirt cheap. Even a level 1 node is still only a couple of bitcoin....cheap if you compare to say a dash node.

7. Lastly node owning is not for everyone. A few thousand nodes will be available probably forever. So as rime goes on it wont be for the average guy just like the avwrage guy doesnt own 20k bitcoin......but these people do exist. There is talk of splitting nodes when they become more expensiive but also im sure if they produce good returns then you might even see large companies owning one or even groups of investors owning one as part of a fund etc.

The Fatoshi High Yield Node Tracker Fund....hmm I like the sound of that.  


Ive said it before and its why I havent sold a single xby is because this is not like some niche ico token. This is a platform that will earn xby as an ACCUMULATE of all daaps that plug into the ecosystem. Who knows as companies we know today decide to plug into the platform as an alternative to the advertising model used today you as a node owner have a stake in all their future profits. Its this compound profit of future dapps that make xby a no brainer. You got to be able to logically imagine the future to get xby.. If you cant im sure there are some 100m priced niche ICOs that wont even get used in the future you can buy right now if you want. Lol.

Yes I understand all the listed benefits to having a node.  With any project of course there has to be incentive to run a full node.  My issue is that one of the rationale given for needing XFUEL is just give XBY more liquidity b/c only 100M will circulate when all the nodes will be filled.  I'm saying it doesn't seem reasonable to create a token to free up excess supply, based on a scenario where maximum number of nodes are filled. 

XFUEL is created for development purpose as no dev wants to work free. At that time a solution was kept before the community, to donate 10% of ones xby.
People want things to go their own way without hurting their own pockets. Before XFUEL created team was working for free, what is your participation ?
So just don't raise questions if you don't have a solution.

[Fatoshi]

@Liljoe I read your point a few times and I'm struggling to get your point. And your argument shifts from one answer to the next?


"My issue is that one of the rationale given for needing XFUEL is just give XBY more liquidity b/c only 100M will circulate when all the nodes will be filled.  I'm saying it doesn't seem reasonable to create a token to free up excess supply, based on a scenario where maximum number of nodes are filled"

What exactly do you have a problem with? I think you don't understand what Xfuels role is probably?


XFuel was created to be a decentralised funding source for XBY. Its quite neat solution to the problem that the project had no ICO money and found it needed to pay people to continually develop the platform into the future.

1.So Xfuel was created so developers could get paid.
2. Xfuel role is mainly to pad out a node, while it probably will trade at a discount to XBY its actually within a node just as valuable as if it was XBY because the node will earn services fees in XBY.
3. There may be other uses for Fuel in the future, voting has been mentioned already.
4. Also this solution also means more nodes which strengthen the chain.


So you need to be looking at this as what it was meant for a funding solution. People make way too much of it in my opinion. It won't even be released very quickly and for some time will probably be quite scarce. Its also won't add to XBY supply however many times people who don't understand it say it waters down the supply. JUST THINK OF IT AS NODE PADDING.... A TOKEN THAT HELPS FUNDING OF XTRABYTES LONG TERM.


Here's a way to think of it. You know the way Apple will sell a product and then make it almost a necessity to also buy another accessory. Well think of it as XTRABYTES is selling a completely volunteer accessory which isn't even a necessity and unlike Apple is doing it for the right reasons and not like Apple does. This is a token for funding.


And heres the funny thing. 90% of ICOS I have seen have almost ZERO case uses for the token they sell at ICO. Xfuel at least has absolutely a solid case use and if you don't ever want to use it then you don't even have to. Personally I will probably never own any XFuel. I will make nodes with XBY, If someone gave me some I would throw it into a node but its a non issue to me.

[Fatoshi]

 

XFUEL is created for development purpose as no dev wants to work free. At that time a solution was kept before the community, to donate 10% of ones xby.
People want things to go their own way without hurting their own pockets. Before XFUEL created team was working for free, what is your participation ?
So just don't raise questions if you don't have a solution.






Exactly...


You know what if people earned Xfuel by holding coins in their wallets they would be jumping for joy. This is a common system like NEO gas I believe. Seriously NO ONE EVER complained about NEO GAS!!. But XTRABYTES had no ICO money to develop the project in a professional way and also will only use Fuel for development. So just think of it as NEO gas that instead of going into your wallet so you can save up for a Lambo it actually pays someone to do useful work that helps your investment long term.


Can we put this Fuel thing to bed now?....its boring as fuck.  


Xtrabytes is currently testing to push the system to 10,000 tps. This focus on the boring penny pinching shit needs to end.

[Delphinus]

Based on the Slack, we could definitely use more people for testnet next time 

[mv1986]

its realy great see u in this page.., I'm looking farward to associate with u

What are you talking about? Are you sure you are in the right place for the nonsense you are posting?

Don't pay attention to those freaks. They are posting nonstop on any thread.

i think they are mostly bots. or got their standard sentences which they post in every thread.

either way i really like how informative the new forum is. well done

Absolutely. I doubt they are bots. They are most likely account farmers posting crap in every single thread they visit. If you want to help, you could just report those posts to moderators and those accounts might get banned.

[lagur]

This blockchain tech is the most undervalued out there, and the best...

it is definetly one of the most undervalued compared to their tech. i think 2018 will be a good year  

Yes, i am totally new to this projekt, since yesterday, but after reading up on it it got me very excited about the projekt, the growing team and the growing community. When/if the stresstest 10k/s is successful, it will be very big news. Listing XBY on bigger exchanges is a must eventually, but i think that it is good to have XBY listed on a big exchange like Bittrex, HitBTC, Polinex before the stresstest is done to not miss out on interest from big investors when the test is done. The current low mcap has only to do with the current exchanges and perhaps to little marketing. So I propose:

1. Donations from community for listning on bigger exchange or Xfuel sale/offer for kapital in BTC for listning on bigger exchange
2. Xfuel bounty for marketing, best marketing plan and putting into action.

What does the community say?

We agree that we need bigger exchanges, but we think that our changes of actually getting listed on exchanges such as Bittrex are better when we have working tech to proof this is a great coin  

Yes that is true, working tech.

You can vote here for XBY to be listed on a new exchange in Dubai, palmex:

https://twitter.com/PalmExchange

What is Dubai's stance on crypto, hopefully exchanges there don't get seized.

Dubai is creating own crypto called emcash, but i dont know how the future will look for other crypto there. Bitoasis exchange has been there for a while. There is a lot of interest in blockchain tech in the UAE region, many starups. The islamic bank, government on blockchain is the goal, official announcement.

I believe national cryptos will have a pretty hard time because they introduce centralization element which ultimately are against the core concepts of crypto. Xtrabytes is a real decentralized currency so yeah, I am quite sure that this has a much brighter future than any national approach to crypto.

National coins make zero sense, what would be the difference between it and a central bank, how much regulation would it have?

You just repeated what I said! National cryptos don't make sense at all. They will be history very soon because of the decentralized nature of cryptos, which is good!

[Neversettle]

Based on the Slack, we could definitely use more people for testnet next time 

good to here! would love to take part

[jjjiii]

Hi,

I'm freelance web and mobile app developer (iOS / Android, native). How can I help you to get some XFUEL ?
I can also help with growthhacking or translation (I'm French).

Thanks!

[ninjacoins]

Will there be a more technical white paper released?

[enkiamo]

Hi,

I'm freelance web and mobile app developer (iOS / Android, native). How can I help you to get some XFUEL ?
I can also help with growthhacking or translation (I'm French).

Thanks!

I am sending you a DM now so you can join the Slack.

[pawout]

I am a doctor, i accept payment in XFUEL! how can i help?

[amaral1977]

I am a doctor, i accept payment in XFUEL! how can i help?

Maybe decentralized surgery? you operate with one hand on the foot and with the other on the chest...

[CCNCCN]

I am a doctor, i accept payment in XFUEL! how can i help?

Maybe decentralized surgery? you operate with one hand on the foot and with the other on the chest...

Indeed - four separate hands from four separate surgeons.

[fishfishfish313]

Hi,

I'm freelance web and mobile app developer (iOS / Android, native). How can I help you to get some XFUEL ?
I can also help with growthhacking or translation (I'm French).

Thanks!

Hi! DM me for an invite to the Slack.  You can also join the community forum here: https://community.xtrabytes.global/

We would love to hear from you. XBY is actively seeking helpers to assist with many aspects of development.  Slack or the forum is the best bet to get in touch with someone on the dev team.

Edit:  It looks like you are already in.    Welcome!

[realistic1]

Based on the Slack, we could definitely use more people for testnet next time 

Do we have to use real people for tests? Cant a bot spam the network. Getting hundreds or thousands of people to test a project would be hard enough for a well know project let alone a barely heard of one.

[Delphinus]

Based on the Slack, we could definitely use more people for testnet next time 

Do we have to use real people for tests? Cant a bot spam the network. Getting hundreds or thousands of people to test a project would be hard enough for a well know project let alone a barely heard of one.

Based on the conversations I saw, some people are using bots to automate transactions. But there is still a limit per wallet that they are running into I think?