Why I went all in on Xtrabytes.

[Fatoshi]

I'm usually pretty bullish on unique altcoins that are undervalued and have an active community. However, for some reason I just can't get myself to jump on Xtrabytes. Maybe it's because most people who talk about it just seem like shills and can't really qualify why Xtrabytes "is the future".

Who knows though, maybe it'll skyrocket and I'll look back at this post and wonder why I didn't just jump in while it was cheap. That's just the way it goes I guess lol.

I agree what you are saying and its due to 3 things.

1. Only really traded on Yobit so far which attracts the worst people in crypto in my opinon. All these guys know is pumping and dumping coins. Thankkfully they don't own much and are constantly selling to buy some absolute shitcoin pump.

2. The devloper is deaf, Hungarian with very little Engish and all communication has to pass througha guy called CCReveloution. So the tech doesn't always get explained as clearly and directly as most projects would like unless you follow very closely.

3. The project is so young its just finding its feet in terms of gathering a team of developers etc. In such a short time they have gone such a long way though its hard to fault them.

[taxmanmt5]

I'm usually pretty bullish on unique altcoins that are undervalued and have an active community. However, for some reason I just can't get myself to jump on Xtrabytes. Maybe it's because most people who talk about it just seem like shills and can't really qualify why Xtrabytes "is the future".

Who knows though, maybe it'll skyrocket and I'll look back at this post and wonder why I didn't just jump in while it was cheap. That's just the way it goes I guess lol.

So, what I gather from a brief read I gave the coin, that there are deep security issues in Bitcoin and that there are those out there that are going to control the system and take your coins?  You are under this belief even though this has not happened to date, when some of the biggest chances for it to happen have come and gone. 

[timmyzhl]

Xtrabytes，taking bitcoin security as an entry point is a good idea to do something
Where can I see the introduction of this project,and what's the progress of the project now? Is it on the trading platform?

[nemwanderer]

What would need to happen for Xtrabytes to really take off?

[Rodeo02]

I hope I could able to buy this coin but sadly I only trade in bittrex hoping to add this coin in bittrex soon if it's added there then I will surely buy this coin.

[Fatoshi]

What would need to happen for Xtrabytes to really take off?

The project is in development. So if you think the rise of the last month is anything to go on imagine when the tech is done. Probably by the end of the Summer we would be completely done and on a big exchange...thats simply my guess.

[Fatoshi]

I hope I could able to buy this coin but sadly I only trade in bittrex hoping to add this coin in bittrex soon if it's added there then I will surely buy this coin.

Really? It takes all of one minute to set up a yobit account and send some btc...another minute to download an xby wallet. But whatever its up to you. 

[virasog]

I'm usually pretty bullish on unique altcoins that are undervalued and have an active community. However, for some reason I just can't get myself to jump on Xtrabytes. Maybe it's because most people who talk about it just seem like shills and can't really qualify why Xtrabytes "is the future".

Who knows though, maybe it'll skyrocket and I'll look back at this post and wonder why I didn't just jump in while it was cheap. That's just the way it goes I guess lol.

So, what I gather from a brief read I gave the coin, that there are deep security issues in Bitcoin and that there are those out there that are going to control the system and take your coins?  You are under this belief even though this has not happened to date, when some of the biggest chances for it to happen have come and gone. 

You think a better option is to alter the decentralization of the coin and place its control into the hands of a limited set of nodes, becoming a centralized, governed coin.  That is, of course, your choice to do so, but that would be the moment when the coin that you speak of would leave the auspice of the crypto forum and go into another area, as it no longer meets the standards of decentralized currency.

[riskthebiscuit]

you went all in?! dude never go all in! this is how them crazy busto/success stories come from. I wish you luck, although from the looks of it your looking pretty smart right now 

[Fatoshi]

I'm usually pretty bullish on unique altcoins that are undervalued and have an active community. However, for some reason I just can't get myself to jump on Xtrabytes. Maybe it's because most people who talk about it just seem like shills and can't really qualify why Xtrabytes "is the future".

Who knows though, maybe it'll skyrocket and I'll look back at this post and wonder why I didn't just jump in while it was cheap. That's just the way it goes I guess lol.

So, what I gather from a brief read I gave the coin, that there are deep security issues in Bitcoin and that there are those out there that are going to control the system and take your coins?  You are under this belief even though this has not happened to date, when some of the biggest chances for it to happen have come and gone.  

You think a better option is to alter the decentralization of the coin and place its control into the hands of a limited set of nodes, becoming a centralized, governed coin.  That is, of course, your choice to do so, but that would be the moment when the coin that you speak of would leave the auspice of the crypto forum and go into another area, as it no longer meets the standards of decentralized currency.

The developer is committed to crypto and decentralisation. For one thing all nodes are empty of funds and are instantly taken out of play if they are attacked. And in terms of ownership If anyone managed say to find EVERY single node owner (which will also include future nodes cause Static nodes are Service paying but are also joined by lower level nodes for consensus) forced them to give ownership over to you then yes its possible but as humans don't have Superman skills yet its secure. Also If someone did the impossible then they would simply be attacking their own money to do so. The system would simply halt not collapse until a good node returned as it only needs one node. Remember consensus is not from the nodes but from the already completely transaction which is mirrored by a VIRTUAL layer that can't be touched.

[Esphere.in]

Good luck with showing that guts to invest all you got into a single coin,first and foremost the coin is not listed in any major exchange and hence i wont see it growing before getting listed in Polo or bittrex or any Chinese or Korean or Japanese exchanges.If the developers could provide a decent plan they could be listed in major exchanges but i am not sure about the fees to list the coins.Lets see whether it will be listing in the next four months.

[Fatoshi]

Good luck with showing that guts to invest all you got into a single coin,first and foremost the coin is not listed in any major exchange and hence i wont see it growing before getting listed in Polo or bittrex or any Chinese or Korean or Japanese exchanges.If the developers could provide a decent plan they could be listed in major exchanges but i am not sure about the fees to list the coins.Lets see whether it will be listing in the next four months.

The decision not to list on bigger exchanges like.Bittrex is the developer teams decision.  We were worried about yobit so we added cryptopia. The fact is we are in early devlopement the so its wise not to move to bigger exchanges, this project is risky, not for the weak. Trust me when the decision to move to Bittrex it wont be hard as we have had probably the most consistent vol that yobit has ever seen.

If the team wanted a pump and dump they could already be on bittrex this is a long term serious project.

[mrayazgul]

I'm usually pretty bullish on unique altcoins that are undervalued and have an active community. However, for some reason I just can't get myself to jump on Xtrabytes. Maybe it's because most people who talk about it just seem like shills and can't really qualify why Xtrabytes "is the future".

Who knows though, maybe it'll skyrocket and I'll look back at this post and wonder why I didn't just jump in while it was cheap. That's just the way it goes I guess lol.

So, what I gather from a brief read I gave the coin, that there are deep security issues in Bitcoin and that there are those out there that are going to control the system and take your coins?  You are under this belief even though this has not happened to date, when some of the biggest chances for it to happen have come and gone. 

You think a better option is to alter the decentralization of the coin and place its control into the hands of a limited set of nodes, becoming a centralized, governed coin.  That is, of course, your choice to do so, but that would be the moment when the coin that you speak of would leave the auspice of the crypto forum and go into another area, as it no longer meets the standards of decentralized currency.

Perhaps Paypal and Google Pay have their own forum for systems of the that nature, or even a government control website where you can gather with other like it.
 

[Fatoshi]

You were right! The developer just revealed 2 modules from the planned platform on GitHub. This is going to explode as a rival to ETH.

https://github.com/XtraBYtes/core/commit/8497de10fdbc44506880412c3825d486b0a5c197

[lijoe408]

When a coin is mentioning 70,000% increase in 4 weeks in its OP, guess what I'm doing?

I think they were trying to communicate how rapidly the coin has grown. This is a community coin don't forget so don't be too critical of the marketing. This isn't a polished ICO who asks for 5000 sats buy ins. Remember NO premine, developers simply bought along with everyone else. Fact is the price stated at 1 sat for almost no time if you go look at chart. I was one of early buyers at 30 sats and back then you couldn't give it away no one wanted it, thats the reality. Look a bit deeper guys this tech is something revolutionary I think.


I actually find the open and honest communication quite refreshing. I mean what ICO tells you its experimental and could all go wrong? When actually thats a reality for many of them. Look past all this and consider the technological step this coin might be making. Thats all that matters.


And just so people know none of the communication comes directly through the actual developer who is Hungarian with poor English and is deaf.....so expect a few communication hiccups. He did however work at one point with Peter Szabo the famous late Cryptographer with McAfee.

No disrespect. Its just sound bad.... especially for a new currency.

I dont blame you at all to think the way you do. Its just ironic  that because its so open and honest that it comes across as scammy in some way. I cant remeber a project ever developing like this before. The developer basically lost money in a scam ico.and instead of putting his plans into an ico he decided he could use this scam for initial distribution saving initial investors their money and building his project. As close followers we have found the project to be all about genuine integrity.  The coin sat on yobit for almost nothing for a week before I saw it. The developer could of bought those coins knowing he would release his plans and the price would rocket but obviously he didn't. I probbaly more than anyone bought coins cheap with very little buyers to compete with....honestly I couldnt believe my luck. Even after buying i shrilled a lot telliing people it was going to be huge but at least a week passed and still no major buying.  I dont feel bad as ive missed all the major coin rallies this year nem.eth all of them.

My point is I think the OP was trying to make claer that even though this coin started so low its not a shitty project.

Sounds like what happened with Bitbay.  Zimbeck caught in a scam ICO, and instead of abandoning the project, he worked 3 years with no dev fund to create one of the most under appreciated projects today.  I will look into xby.

[Fatoshi]

When a coin is mentioning 70,000% increase in 4 weeks in its OP, guess what I'm doing?

I think they were trying to communicate how rapidly the coin has grown. This is a community coin don't forget so don't be too critical of the marketing. This isn't a polished ICO who asks for 5000 sats buy ins. Remember NO premine, developers simply bought along with everyone else. Fact is the price stated at 1 sat for almost no time if you go look at chart. I was one of early buyers at 30 sats and back then you couldn't give it away no one wanted it, thats the reality. Look a bit deeper guys this tech is something revolutionary I think.


I actually find the open and honest communication quite refreshing. I mean what ICO tells you its experimental and could all go wrong? When actually thats a reality for many of them. Look past all this and consider the technological step this coin might be making. Thats all that matters.




And just so people know none of the communication comes directly through the actual developer who is Hungarian with poor English and is deaf.....so expect a few communication hiccups. He did however work at one point with Peter Szabo the famous late Cryptographer with McAfee.

No disrespect. Its just sound bad.... especially for a new currency.

I dont blame you at all to think the way you do. Its just ironic  that because its so open and honest that it comes across as scammy in some way. I cant remeber a project ever developing like this before. The developer basically lost money in a scam ico.and instead of putting his plans into an ico he decided he could use this scam for initial distribution saving initial investors their money and building his project. As close followers we have found the project to be all about genuine integrity.  The coin sat on yobit for almost nothing for a week before I saw it. The developer could of bought those coins knowing he would release his plans and the price would rocket but obviously he didn't. I probbaly more than anyone bought coins cheap with very little buyers to compete with....honestly I couldnt believe my luck. Even after buying i shrilled a lot telliing people it was going to be huge but at least a week passed and still no major buying.  I dont feel bad as ive missed all the major coin rallies this year nem.eth all of them.

My point is I think the OP was trying to make claer that even though this coin started so low its not a shitty project.

Sounds like what happened with Bitbay.  Zimbeck caught in a scam ICO, and instead of abandoning the project, he worked 3 years with no dev fund to create one of the most under appreciated projects today.  I will look into xby.

I guess it's a similar starting point. But quite a big difference is Zimbeck was a big part of team when he realized he was in a scam, did he recieve any money from the scam? The developers of XBY were just small investors in a small exchange ICO sale that hooked up. Borzalom the developer just saw it as a good way to put his ideas into practice, actually now it won't have one line of code from scam, whole new concept and project they have moved onto a new coded chain.


One thing people forget is many tech developers don't actually care about money like many of these ICO teams do. Borzalom is similar to Zimbeck in that he just wants to code something great. Maybe there is some pride and desire for significance in that but money with the really genius developers isn't as big a factor as many of us think. Satoshi also I think didnt care about money, that's why he doesn't touch his stash. Borzalom has stated he wants to create something that changes and helps society....I personally think he will succeed. People will come to realize that XBY is a far better platform to build the future that the shaky flawed insecure ETH platform. Smart people should at least research this.

[jeepbrahhh]

When a coin is mentioning 70,000% increase in 4 weeks in its OP, guess what I'm doing?

I think they were trying to communicate how rapidly the coin has grown. This is a community coin don't forget so don't be too critical of the marketing. This isn't a polished ICO who asks for 5000 sats buy ins. Remember NO premine, developers simply bought along with everyone else. Fact is the price stated at 1 sat for almost no time if you go look at chart. I was one of early buyers at 30 sats and back then you couldn't give it away no one wanted it, thats the reality. Look a bit deeper guys this tech is something revolutionary I think.


I actually find the open and honest communication quite refreshing. I mean what ICO tells you its experimental and could all go wrong? When actually thats a reality for many of them. Look past all this and consider the technological step this coin might be making. Thats all that matters.




And just so people know none of the communication comes directly through the actual developer who is Hungarian with poor English and is deaf.....so expect a few communication hiccups. He did however work at one point with Peter Szabo the famous late Cryptographer with McAfee.

No disrespect. Its just sound bad.... especially for a new currency.

I dont blame you at all to think the way you do. Its just ironic  that because its so open and honest that it comes across as scammy in some way. I cant remeber a project ever developing like this before. The developer basically lost money in a scam ico.and instead of putting his plans into an ico he decided he could use this scam for initial distribution saving initial investors their money and building his project. As close followers we have found the project to be all about genuine integrity.  The coin sat on yobit for almost nothing for a week before I saw it. The developer could of bought those coins knowing he would release his plans and the price would rocket but obviously he didn't. I probbaly more than anyone bought coins cheap with very little buyers to compete with....honestly I couldnt believe my luck. Even after buying i shrilled a lot telliing people it was going to be huge but at least a week passed and still no major buying.  I dont feel bad as ive missed all the major coin rallies this year nem.eth all of them.

My point is I think the OP was trying to make claer that even though this coin started so low its not a shitty project.

Sounds like what happened with Bitbay.  Zimbeck caught in a scam ICO, and instead of abandoning the project, he worked 3 years with no dev fund to create one of the most under appreciated projects today.  I will look into xby.

I guess it's a similar starting point. But quite a big difference is Zimbeck was a big part of team when he realized he was in a scam, did he recieve any money from the scam? The developers of XBY were just small investors in a small exchange ICO sale that hooked up. Borzalom the developer just saw it as a good way to put his ideas into practice, actually now it won't have one line of code from scam, whole new concept and project they have moved onto a new coded chain.


One thing people forget is many tech developers don't actually care about money like many of these ICO teams do. Borzalom is similar to Zimbeck in that he just wants to code something great. Maybe there is some pride and desire for significance in that but money with the really genius developers isn't as big a factor as many of us think. Satoshi also I think didnt care about money, that's why he doesn't touch his stash. Borzalom has stated he wants to create something that changes and helps society....I personally think he will succeed. People will come to realize that XBY is a far better platform to build the future that the shaky flawed insecure ETH platform. Smart people should at least research this.

Satoshi didnt care about money
Gave himself 1/21 of the total BTC supply

CCR must be paying you in XBY to constantly shill on here

[Fatoshi]

And hasn't touched it genius. Would you do that?


So ironic by the way on shilling for CCR comment as I've been his biggest critic. He's inexperienced in running a community but he'll be fine and the tech is BORZ baby anyway. Once the core is done we will see lots of developers choosing it I believe.

[lijoe408]

When a coin is mentioning 70,000% increase in 4 weeks in its OP, guess what I'm doing?

I think they were trying to communicate how rapidly the coin has grown. This is a community coin don't forget so don't be too critical of the marketing. This isn't a polished ICO who asks for 5000 sats buy ins. Remember NO premine, developers simply bought along with everyone else. Fact is the price stated at 1 sat for almost no time if you go look at chart. I was one of early buyers at 30 sats and back then you couldn't give it away no one wanted it, thats the reality. Look a bit deeper guys this tech is something revolutionary I think.


I actually find the open and honest communication quite refreshing. I mean what ICO tells you its experimental and could all go wrong? When actually thats a reality for many of them. Look past all this and consider the technological step this coin might be making. Thats all that matters.




And just so people know none of the communication comes directly through the actual developer who is Hungarian with poor English and is deaf.....so expect a few communication hiccups. He did however work at one point with Peter Szabo the famous late Cryptographer with McAfee.

No disrespect. Its just sound bad.... especially for a new currency.

I dont blame you at all to think the way you do. Its just ironic  that because its so open and honest that it comes across as scammy in some way. I cant remeber a project ever developing like this before. The developer basically lost money in a scam ico.and instead of putting his plans into an ico he decided he could use this scam for initial distribution saving initial investors their money and building his project. As close followers we have found the project to be all about genuine integrity.  The coin sat on yobit for almost nothing for a week before I saw it. The developer could of bought those coins knowing he would release his plans and the price would rocket but obviously he didn't. I probbaly more than anyone bought coins cheap with very little buyers to compete with....honestly I couldnt believe my luck. Even after buying i shrilled a lot telliing people it was going to be huge but at least a week passed and still no major buying.  I dont feel bad as ive missed all the major coin rallies this year nem.eth all of them.

My point is I think the OP was trying to make claer that even though this coin started so low its not a shitty project.

Sounds like what happened with Bitbay.  Zimbeck caught in a scam ICO, and instead of abandoning the project, he worked 3 years with no dev fund to create one of the most under appreciated projects today.  I will look into xby.

I guess it's a similar starting point. But quite a big difference is Zimbeck was a big part of team when he realized he was in a scam, did he recieve any money from the scam? The developers of XBY were just small investors in a small exchange ICO sale that hooked up. Borzalom the developer just saw it as a good way to put his ideas into practice, actually now it won't have one line of code from scam, whole new concept and project they have moved onto a new coded chain.


One thing people forget is many tech developers don't actually care about money like many of these ICO teams do. Borzalom is similar to Zimbeck in that he just wants to code something great. Maybe there is some pride and desire for significance in that but money with the really genius developers isn't as big a factor as many of us think. Satoshi also I think didnt care about money, that's why he doesn't touch his stash. Borzalom has stated he wants to create something that changes and helps society....I personally think he will succeed. People will come to realize that XBY is a far better platform to build the future that the shaky flawed insecure ETH platform. Smart people should at least research this.

Zimbeck was on a team of 4 i believe and the only developer.  The funds raised were supposed to be used to bring on extra developers, but were ultimately stolen.  Still to this day he is the only developer, but the amount of work that he has accomplished is extremely impressive.  To me talented idealistic developers are the best investment you can make, as they are most likely to stick with their project despite any lulls in the market.  This is the first i'm hearing about XBY but i'll def look into it and it's history. 

[lijoe408]

When a coin is mentioning 70,000% increase in 4 weeks in its OP, guess what I'm doing?

I think they were trying to communicate how rapidly the coin has grown. This is a community coin don't forget so don't be too critical of the marketing. This isn't a polished ICO who asks for 5000 sats buy ins. Remember NO premine, developers simply bought along with everyone else. Fact is the price stated at 1 sat for almost no time if you go look at chart. I was one of early buyers at 30 sats and back then you couldn't give it away no one wanted it, thats the reality. Look a bit deeper guys this tech is something revolutionary I think.


I actually find the open and honest communication quite refreshing. I mean what ICO tells you its experimental and could all go wrong? When actually thats a reality for many of them. Look past all this and consider the technological step this coin might be making. Thats all that matters.




And just so people know none of the communication comes directly through the actual developer who is Hungarian with poor English and is deaf.....so expect a few communication hiccups. He did however work at one point with Peter Szabo the famous late Cryptographer with McAfee.

No disrespect. Its just sound bad.... especially for a new currency.

I dont blame you at all to think the way you do. Its just ironic  that because its so open and honest that it comes across as scammy in some way. I cant remeber a project ever developing like this before. The developer basically lost money in a scam ico.and instead of putting his plans into an ico he decided he could use this scam for initial distribution saving initial investors their money and building his project. As close followers we have found the project to be all about genuine integrity.  The coin sat on yobit for almost nothing for a week before I saw it. The developer could of bought those coins knowing he would release his plans and the price would rocket but obviously he didn't. I probbaly more than anyone bought coins cheap with very little buyers to compete with....honestly I couldnt believe my luck. Even after buying i shrilled a lot telliing people it was going to be huge but at least a week passed and still no major buying.  I dont feel bad as ive missed all the major coin rallies this year nem.eth all of them.

My point is I think the OP was trying to make claer that even though this coin started so low its not a shitty project.

Sounds like what happened with Bitbay.  Zimbeck caught in a scam ICO, and instead of abandoning the project, he worked 3 years with no dev fund to create one of the most under appreciated projects today.  I will look into xby.

I guess it's a similar starting point. But quite a big difference is Zimbeck was a big part of team when he realized he was in a scam, did he recieve any money from the scam? The developers of XBY were just small investors in a small exchange ICO sale that hooked up. Borzalom the developer just saw it as a good way to put his ideas into practice, actually now it won't have one line of code from scam, whole new concept and project they have moved onto a new coded chain.


One thing people forget is many tech developers don't actually care about money like many of these ICO teams do. Borzalom is similar to Zimbeck in that he just wants to code something great. Maybe there is some pride and desire for significance in that but money with the really genius developers isn't as big a factor as many of us think. Satoshi also I think didnt care about money, that's why he doesn't touch his stash. Borzalom has stated he wants to create something that changes and helps society....I personally think he will succeed. People will come to realize that XBY is a far better platform to build the future that the shaky flawed insecure ETH platform. Smart people should at least research this.

Satoshi didnt care about money
Gave himself 1/21 of the total BTC supply

CCR must be paying you in XBY to constantly shill on here

Haha riiiiight....guy spends god knows how many hours working on a project and "gives" himself 1 million coins that were worth so much at the time.  How exactly did he give them to himself again?  Was it a premine?

Hasn't even touched his billion dollars worth of coin.  Greedy bastard is probably waiting until they hit a trillion