[NEW XBY ANN] XTRABYTES - A NEW ERA BEGINS

[Ganjamouse]

By the logic of the poster above, the Waves platform is effectively doubling all coin supplies.

Or is this just an isolated case that he is attempting to pass to see if anyone is awake?

Why not talk about doubling the Bitcoin, Litecoin or Monero supplies?? The answer of course would be because such a claim would be ridiculous and laughed off the board... but since we are not so well known, I will take a moment to help anyone curious to understand why this is not how things work.

We need to talk about tokenization:

Bitcoin trading on Waves are wBTC.
Litecoin trading on Waves are wLTC.
Monero trading on Waves are wXMR.
And
XTRABYTES trading on Waves are wXBY.

This process does not double the supply, it creates the required tokens for the Waves platform to accurately move the real coins in and out of the coverage wallets which in turn enables accurate representation of the correlating Waves assets on the Waves exchange.

Always keep in mind that the real XBY (including your XBY) will never be transferred into the control of Waves - this is the wXBY that you see in the exchange and the only place these tokens exist is inside the Waves exchange.

First of all, either you decide to reply to a post and you leave my post right there so everyone can follow the discussion or you don't reply and you keep deleting like an angry kid that wants to hide as much information as possible from the 3 supporters left.
The only place where those wave tokens exist is on waves, the only place where XBY is possibly traded, that's a funny coincidence. It's also the place that the founders decided to push so hard for, instead of working on wallets, patents, larger exchanges, whatever, no no no all you wanted was waves and now I get why.

The waves wallet you created with the 650M XFUEL and 650M XBY that came out of nowhere is real.

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[XTRABYTES]

Please check out our new blog post about the crypto-tracker CoinCodex:

https://blog.xtrabytes.global/general-crypto/coincodex-an-emerging-cryptotracker/

[XBYGolden]

By the logic of the poster above, the Waves platform is effectively doubling all coin supplies.

Or is this just an isolated case that he is attempting to pass to see if anyone is awake?

Why not talk about doubling the Bitcoin, Litecoin or Monero supplies?? The answer of course would be because such a claim would be ridiculous and laughed off the board... but since we are not so well known, I will take a moment to help anyone curious to understand why this is not how things work.

We need to talk about tokenization:

Bitcoin trading on Waves are wBTC.
Litecoin trading on Waves are wLTC.
Monero trading on Waves are wXMR.
And
XTRABYTES trading on Waves are wXBY.

This process does not double the supply, it creates the required tokens for the Waves platform to accurately move the real coins in and out of the coverage wallets which in turn enables accurate representation of the correlating Waves assets on the Waves exchange.

Always keep in mind that the real XBY (including your XBY) will never be transferred into the control of Waves - this is the wXBY that you see in the exchange and the only place these tokens exist is inside the Waves exchange.

First of all, either you decide to reply to a post and you leave my post right there so everyone can follow the discussion or you don't reply and you keep deleting like an angry kid that wants to hide as much information as possible from the 3 supporters left.
The only place where those wave tokens exist is on waves, the only place where XBY is possibly traded, that's a funny coincidence. It's also the place that the founders decided to push so hard for, instead of working on wallets, patents, larger exchanges, whatever, no no no all you wanted was waves and now I get why.

The waves wallet you created with the 650M XFUEL and 650M XBY that came out of nowhere is real.

Somebody clearly doesn't understand how the waves DEX operates or they would not say such inaccuracies. The WAVES  DEX uses internal tokens to allow trading. For each real token you deposit in your exchange address your account is credited with the same amount of internal exchange tokens for the coin you deposited. The trades that are being conducted on the WAVES DEX are done using the internal exchange tokens. Each coin that is available on the exchange has an internal tradeable "twin token". Those tokens all run on the waves blockchain. Lots of exchanges use this principle of internal tradeable tokens to represent the holdings of the users of the exchange.
Saying XTRABYTES created 650m new tokens out of thin air is as accurate as saying that BTC created 12m new tokens so it could be traded on WAVES or that any of the tokens available on WAVES doubled their supply just so they could be traded on WAVES. If you have problems understanding how this works I would rather you come to us with questions instead of posting flat out lies in an attempt to discredit us.

[Neloc75]

Hiya, has there been any news on the patents? @XBYGolden @Xtrabytes

and do you guys know how far they're along with the paperwork?

[CryptoCracy2020]

Somebody clearly doesn't understand how the waves DEX operates or they would not say such inaccuracies. The WAVES  DEX uses internal tokens to allow trading. For each real token you deposit in your exchange address your account is credited with the same amount of internal exchange tokens for the coin you deposited. The trades that are being conducted on the WAVES DEX are done using the internal exchange tokens. Each coin that is available on the exchange has an internal tradeable "twin token". Those tokens all run on the waves blockchain. Lots of exchanges use this principle of internal tradeable tokens to represent the holdings of the users of the exchange.
Saying XTRABYTES created 650m new tokens out of thin air is as accurate as saying that BTC created 12m new tokens so it could be traded on WAVES or that any of the tokens available on WAVES doubled their supply just so they could be traded on WAVES. If you have problems understanding how this works I would rather you come to us with questions instead of posting flat out lies in an attempt to discredit us.

Hi Golden, Ganja,

first of all. Waves-based tokens *can* be traded outside of the waves DEX and I'm going to explain how.

Golden, I hate to say it but you seem to be the one that clearly doesn't understand the waves DEX or the waves ecosystem in general.

Somebody clearly doesn't understand how the waves DEX operates or they would not say such inaccuracies. The WAVES  DEX uses internal tokens to allow trading. For each real token you deposit in your exchange address your account is credited with the same amount of internal exchange tokens for the coin you deposited. The trades that are being conducted on the WAVES DEX are done using the internal exchange tokens. Each coin that is available on the exchange has an internal tradeable "twin token". Those tokens all run on the waves blockchain.

You are right on this, not out of thin air but by paying one waves token to create the additional 650M XTRABYTES tokens.

Saying XTRABYTES created 650m new tokens out of thin air is as accurate as saying that BTC created 12m new tokens so it could be traded on WAVES or that any of the tokens available on WAVES doubled their supply just so they could be traded on WAVES.

If BTC create an additional 12M tokens on waves and call it bitcoin as well, that would be scammy, right? So... explain... what did the Xtrabytes team do? Exactly. Create 650M additional tokens on waves that can be traded on the waves DEX and also on any exchange that decides to list the waves-based XBY. Also no precautions were taken to restrict the creator wallet to sell the tokens on the exchange.

OK: some hard facts, because I'm not interested in dropping some oneliners without backing them up.


Coingecko has a nice overview of waves-based tokens.
You can see details like supply and volume in that list for each coin. Now, let's zoom in on one of the tokens, SIMONE (SON) for example.

Simone is available on multiple exchanges
This means you can transfer your waves-based token (like XBY, XFUEL) out of the waves DEX ecosystem to be traded on a different (centralized) exchange.

Also: the wavesplatform has multiple transaction types. wallet to wallet transfers like you are paying somebody or moving your tokens to another wallet. But also exchange transactions. All these transactions are on the same blockchain, the waves platform blockchain. @Golden maybe I misread your post, but there is no separate DEX blockchain on wavesplatform. There ARE however the transaction types I mentioned earlier and I will talk about that some more.

Lets zoom in on the transaction types. You can click the transfer types on the waves documentation site for more details on the transaction types.

Code:

List of transaction types

# 	Transaction type 	Transaction type ID
1 	Alias transaction 	10
2 	Burn transaction 	6
3 	Data transaction 	12
4 	Exchange transaction 	7
5 	Genesis transaction 	1
6 	Invoke script transaction 	16
7 	Issue transaction 	3
8 	Lease cancel transaction 	9
9 	Lease transaction 	8
10 	Mass transfer transaction 	11
11 	Reissue transaction 	5
12 	Set asset script transaction 	15
13 	Set script transaction 	13
14 	Sponsorship transaction 	14
15 	Transfer transaction 	4

We are talking about "Exchange Transaction" (transaction type id 7) and "Transfer Transaction" (transaction type id 4).
The assetID of xtrabytes on the waves *blockchain* is knZe9t5sZRqe9khJjWQXKnScaN4WEyY4zM1mCmvvuUB

Let's look at the XBY token for starters in the waves explorer

Code:

Transaction / knZe9t5sZRqe9khJjWQXKnScaN4WEyY4zM1mCmvvuUB

Type 3 Asset Issue
Version 2
Timestamp 27.01.2019, 13:10:19
Block 1370324
Proofs 5uPAycWE2x4P9CgnxKeZNL5XJGr1pmHAGQyeyFTKvDYEaUZwBxNfETjZxYfzLmLiveWTXrVYtkkR9v5hLzJ9KFe2
Quantity 650,000,000 XTRABYTES
Decimals 8
Description http://xtrabytes.global
Reissuable false
Fee 1 WAVES
Sender 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn
Sender PublicKey 72sRmV3xKNY93CZ4F4xCsNbdCFww3kC5zTSfmg8rRo9S

Above we see that on januari 27th an amount of 650,000,000 XTRABYTES was issued by the owner of wallet 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn.
This cost 1 waves (close to a dollar at current prices) to release the token on the waves *blockchain*.
Fun fact: the transaction ID of the token creation will also be the token ID. In this case: knZe9t5sZRqe9khJjWQXKnScaN4WEyY4zM1mCmvvuUB

So let's look at the transactions of the creator of XTRABYTES on the waves *blockchain*

this one for example is a transaction type id 4 transaction. Which means a wallet-to-wallet transfer of 201 waves from a waves wallet to the creator wallet. In the attachment you can see B9KEBf3vUtZkBwm8vVJYefB9Xn1S8k8YBz. I am guessing this is a transaction from wavesplatform to the original xtrabytes infrastructure (Golden can you verify this?).

Here we have an exchange transaction type 7. There is a Sell order part (the XBY put out for sale) and a buy order, which is the purchase of 3,485.53846153 XTRABYTES . The sell order of 18,039.6134372 XTRABYTES is partially filled because the buy order is smaller. The remainder of the sell order is still open at the moment of this transaction.

As long as we dont see any transactions type 7 on the waves blockchain with sell orders by 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn(the creator of the waves based XTRABYTES) but just type 4 "Transfer Transactions" everything looks relatively OK because I am assuming these transactions are gateway transactions. The moment the creator wallet starts selling XBY on the exchange (remember, type7?) you know there is more going on and more than 650M XBY tokens are brought in to play.

I think ganja is right when he states the amount of XBY has doubled by creating an extra 650M tokens on the waves blockchain without taking any precautions like putting an account script on the wallet. I'm not going to explain account scripts or RIDE in this post, but it is possible to prevent a wallet from executing exchange transactions with a relatively simple RIDE script (smart contract). That way the creator wallet can only do wallet-to-wallet transactions as a gateway. It is a best practice to use the least necessary privileges, remember?

If you want to check some transactions for yourself, use this python script. (install requests and pprint for it to work)

Code:

from pprint import pprint as pp
import requests as r
from time import sleep
import json

# finds exchange transactions on the waves blockchain for the XBY token

lastblock = r.get('https://nodes.wavesnodes.com/blocks/last').json()['height']
print('last height: ' + str(lastblock))
baseUrl = 'https://nodes.wavesnodes.com/blocks/seq/'
numBlocks = 50
txList = []
minBlockNumber = 1370324  # this is the block that XBY was created on wavesplatform

currentHighBlock = lastblock
currentLowBlock = lastblock - numBlocks

while currentLowBlock >= minBlockNumber:
    blockUrl = baseUrl + str(currentLowBlock) + '/' + (str(currentHighBlock))
    # print(blockUrl)
    blocks = r.get(blockUrl)
    # pp(blocks.json())
    print('range: ' + str(currentLowBlock) + ':' + str(currentHighBlock))
    for block in blocks.json():
        if block['transactionCount'] == 0:
            # print('empty block')
            pass
        else:
            for tx in block['transactions']:
                if tx['type'] == 7 and tx['order1']['assetPair']['amountAsset'] == 'knZe9t5sZRqe9khJjWQXKnScaN4WEyY4zM1mCmvvuUB':  # this is the ID of the waves XBY token
                    txList.append(tx)
                    pp(tx)

                else:
                    pass

    currentHighBlock = currentHighBlock - numBlocks
    currentLowBlock = currentLowBlock - numBlocks
    # blockNumber += numBlocks
    sleep(0.9)

That's all Folks!

[Ganjamouse]

Thank you for the information provided.
I hope your post doesn't get deleted and everyone can see I was treated as a fool while I wasn't wrong to begin with.
There is little to no control over what XBY is doing with those extra wXBY ...

If you have problems understanding how this works I would rather you come to us with questions instead of posting flat out lies in an attempt to discredit us.

How does this work?

Discord: https://ibb.co/z5F8PQt
Reddit: https://ibb.co/pWBXYyh
Bitcointalk: https://ibb.co/xj18QtW
XBY forums: https://ibb.co/FswgrTN

But yes, "come to us" so we can moderate your ass.

[XBYGolden]

Thank you for that elaborate explanation CryptoCracy2020. It does miss an important fact imo, that fact that the XTRABYTES token used to trade on the WAVES DEX (wXBY) and the XBY you have in your XBY wallet are 2 different tokens that use a different blockchain. wXBY is a smart asset (https://docs.wavesplatform.com/en/blockchain/token/smart-asset.html) used on the WAVES blockchain, it only exists on the WAVES blockchain and it cannot be transferred to a real XBY address. When you transfer XBY to your WAVES account using the gateway the coins deposited in your XBY address are being paired automatically with the same amount of wXBY tokens on your WAVES address. when you trade XBY on the waves DEX, or any other exchanges that (would) allow the trade of wXBY, you are trading wXBY and not real XBY. To withdraw XBY from you WAVES account you first need to convert wXBY back to real XBY by going through the gateway again. The wXBY paired to the real XBY you want to withdraw is transferred back to the wXBY creator address and the real XBY is transferred to your XBY wallet.
This process is the same for each non WAVES based token/coin that is tradeable on the WAVES DEX (BTC, LTC, ETH, ZEC, BCH, XMR, ...),for  each of these coins a WAVES based token was also created on the WAVES blockchain. Waves DEX does not use the native non WAVES based tokens to conduct transactions, it uses the "twin tokens" for these assets.

So no, XTRABYTES did not create an additional 650M XBY when we created the gateway for XBY, what we did was create a WAVES based token so the WAVES blockchain would be able to process trades for XBY. Why 650M wXBY and not 100M or 10M, the answer is simple we don't know how much XBY will be traded at one time on WAVES but we know it can't be more than the maximum supply of XBY coins, which is still 650M, even after the creation of wXBY. Just like the supply of BTC did not go up after the creation of wBTC or any of the other coins for which a WAVES token was created to facilitate trades on the WAVES DEX. If this was the case that there would need to exist a block on the XBY blockchain where 650M new XBY coins were added to the blockchain, which of course doesn't exist like anyone can check using the publically accessible blockexplorer.

It's also important to know that the wXBY token itself has no value of it's own, 1 wXBY represents the ownership of 1 real XBY coin. wXBY is only used for record keeping on the WAVES blockchain and nothing more, again the wXBY token itself has no monetary value of it's own.

The creator address for wXBY is connected to the automated gateway service, so every time someone deposits XBY his/her XBY address associated with his/her WAVES account the same amount of wXBY is added to the WAVES address associated with that amount. Every time someone withdraws XBY from WAVES the same amount of wXBY is transfered from his/her WAVES address to the creator address. That is why apart from the initial issue transaction you will only see transfer transactions for the creator address 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn.

Furthermore, it doesn't matter where the wXBY tokens are being traded, the WAVES DEX or any other exchange that allows the trade of wXBY (non for as far as we know). If you want to withdraw the XBY to you personal XBY wallet you need to go through our gateway. You can not transfer wXBY tokens to a XBY wallet. This means that you can't send wXBY to another exchange that offers real XBY pairs to sell wXBy.

[XBYGolden]

As for this transfer transaction CrytoCracy2020 talked about, the alphanumeric string (B9KEBf3vUtZkBwm8vVJYefB9Xn1S8k8YBz) in the attachment is the address where the real XBY needs to be send to. You can find this transaction here in the XTRABYTES blockexplorer. Needles to say that the amount you can see in the blockexplorer is after the transaction fees had been deducted. As you can see in the WAVES blockexplorer the recipient of this transfer transaction was the gateway wallet (or creator wallet if you will) 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn, and if you look at the XTRABYTES blockexplorer you can see that the sender was a regular XBY address BHr887z8M9vZCxSSu8Kn7A6bvsE6cd6Y8n and not the gateway address 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn and the receiver address was B9KEBf3vUtZkBwm8vVJYefB9Xn1S8k8YBz the alphanumeric string that could be found in the attachment of the WAVES transfer transaction.
So yes this was a withdraw of XBY from the WAVES DEX that passed through our gateway, wXBY tokens from the user account to the gateway address and real XBY from the gateway to the users XBY address. The transfer of the wXBY tokens to the gateway address triggered an XBY transaction from the gateway address to the address in the attachment.

[Neloc75]

Hiya, has there been any news on the patents? @XBYGolden @Xtrabytes

and do you guys know how far they're along with the paperwork?

Hi golden! I think you haven't had a chance to answer my post but I wanted to ask again just incase you missed it. Has there been any recent word on the patents? The last mention of it afaik was in September and now radio silence. Because you're an active team member, i'm wondering if anything has changed with them and how close the project is to obtaining patent pending status so we can see the tech reveal. Thx

[XBYGolden]

@Neloc75 any news about the patents will be part of an official team announcement. No individual questions regarding the progress are answered.

[Ganjamouse]

wXBY is a smart asset (https://docs.wavesplatform.com/en/blockchain/token/smart-asset.html) used on the WAVES blockchain, it only exists on the WAVES blockchain and it cannot be transferred to a real XBY address. When you transfer XBY to your WAVES account using the gateway the coins deposited in your XBY address are being paired automatically with the same amount of wXBY tokens on your WAVES address. when you trade XBY on the waves DEX, or any other exchanges that (would) allow the trade of wXBY, you are trading wXBY and not real XBY. To withdraw XBY from you WAVES account you first need to convert wXBY back to real XBY by going through the gateway again. The wXBY paired to the real XBY you want to withdraw is transferred back to the wXBY creator address and the real XBY is transferred to your XBY wallet.
This process is the same for each non WAVES based token/coin that is tradeable on the WAVES DEX (BTC, LTC, ETH, ZEC, BCH, XMR, ...),for  each of these coins a WAVES based token was also created on the WAVES blockchain. Waves DEX does not use the native non WAVES based tokens to conduct transactions, it uses the "twin tokens" for these assets.

So no, XTRABYTES did not create an additional 650M XBY when we created the gateway for XBY, what we did was create a WAVES based token so the WAVES blockchain would be able to process trades for XBY. Why 650M wXBY and not 100M or 10M, the answer is simple we don't know how much XBY will be traded at one time on WAVES but we know it can't be more than the maximum supply of XBY coins, which is still 650M, even after the creation of wXBY. Just like the supply of BTC did not go up after the creation of wBTC or any of the other coins for which a WAVES token was created to facilitate trades on the WAVES DEX. If this was the case that there would need to exist a block on the XBY blockchain where 650M new XBY coins were added to the blockchain, which of course doesn't exist like anyone can check using the publically accessible blockexplorer.

It's also important to know that the wXBY token itself has no value of it's own, 1 wXBY represents the ownership of 1 real XBY coin. wXBY is only used for record keeping on the WAVES blockchain and nothing more, again the wXBY token itself has no monetary value of it's own.

The creator address for wXBY is connected to the automated gateway service, so every time someone deposits XBY his/her XBY address associated with his/her WAVES account the same amount of wXBY is added to the WAVES address associated with that amount. Every time someone withdraws XBY from WAVES the same amount of wXBY is transfered from his/her WAVES address to the creator address. That is why apart from the initial issue transaction you will only see transfer transactions for the creator address 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn.

Furthermore, it doesn't matter where the wXBY tokens are being traded, the WAVES DEX or any other exchange that allows the trade of wXBY (non for as far as we know). If you want to withdraw the XBY to you personal XBY wallet you need to go through our gateway. You can not transfer wXBY tokens to a XBY wallet. This means that you can't send wXBY to another exchange that offers real XBY pairs to sell wXBy.

The XBY wallet on waves is a smart wallet correct?

[XBYGolden]

The XBY wallet on waves is a smart wallet correct?

There is no XBY wallet on WAVES, there is an wXBY token on WAVES which is a smart asset. As you can read in my previous explanation, the XBY sent to the WAVES exchange is sent to the gateway which is responsible for "crediting" your WAVES account with the correct amount of wXBY, the "twin token" for XBY you can use on WAVES to execute trades on their DEX.

[XBYGolden]

and BTW @Ganjamouse, here are the links to our social media accounts where people who have valid questions (not baseless accusations) can come to ask them:

Discord
Reddit
Twitter
Facebook
Telegram
Youtube

All these links are still alive and available for everyone who hasn't been banned. If you have been banned, perhaps you should ask yourself the question why that happend 

[Ganjamouse]

and BTW @Ganjamouse, here are the links to our social media accounts where people who have valid questions (not baseless accusations) can come to ask them:

Discord
Reddit
Twitter
Facebook
Telegram
Youtube

All these links are still alive and available for everyone who hasn't been banned. If you have been banned, perhaps you should ask yourself the question why that happend 

I know the links thank you, and I know why I have been banned too.
You can see all my legit questions on the subreddit before I got muted, many upvotes, many serious questions and nearly zero official responses.
Most of the people can tell you I've been positive about the project for a very long time, and when I started being critical and started asking questions you started moderating me.

And to clear things, my accusion is not "baseless", it is based on the fact that when I tried to post about it before it got insta deleted and I started a subject on your "forums" few days ago that got insta moderated and nobody ever looked at it.

Perhaps you should ask yourself questions about the way you moderate things about here.
My 2 cents.

This being said, thanks for the explanation about the supply of XBY on waves.

[Neloc75]

@Ganja I can vouch for him, he was pretty active in discord and on XBY social media for pretty much 2 years. He had faith in this project long after I lost my faith in it. Infact type "ganja" in the XBY discord to search for his old posts, you can see he was active in the XBY discord back in early 2018 too.

@Golden Thanks for the explaination. But do you think the patents may come this year or at least by early next year so we can see the tech demonstrated? If the tech is demonstrated (not the current chain that runs on the old bitmox chain, but the new "zoltchain") then you might can attract investors. More investors would mean more volume which means that you can reapply to CMC which should increase the visibility for this project as well. According to the founder, back in July the patents were at 19 months so next month will be 24 months. If we get to 25 months it will pretty much be pushing 3 years waiting for patent submissions, that's why I was curious about the progress of the patents.

https://ibb.co/8KRs28W

[Cameron0208]

and BTW @Ganjamouse, here are the links to our social media accounts where people who have valid questions (not baseless accusations) can come to ask them:

Discord
Reddit
Twitter
Facebook
Telegram
Youtube

All these links are still alive and available for everyone who hasn't been banned. If you have been banned, perhaps you should ask yourself the question why that happend 

I’m curious as to how you define ‘valid questions’ and ‘baseless claims’.

I have asked many ‘valid questions’ such as:

- A couple of team members Marcus and Nick stated in January 2019 And again in March 2019 that Xtrabytes would have patent-pending status in late February or early March. The post made in early March even said you’d have them in the next few days. However, as of November 2019, you have not even filed the applications. How were you going to get patents in February or March 2019 if you hadn’t filed the applications (And still haven’t)?

Additionally, Leon was saying patents would come by EOY 2018. How were patents going to be granted in 2018 if, as of November 2019, the applications still have not been filed?

As to avoid making ‘baseless claims’, here is an album comprised of screenshots of these instances: https://imgur.com/a/vPwelrK

[CCRevolution]

and BTW @Ganjamouse, here are the links to our social media accounts where people who have valid questions (not baseless accusations) can come to ask them:

Discord
Reddit
Twitter
Facebook
Telegram
Youtube

All these links are still alive and available for everyone who hasn't been banned. If you have been banned, perhaps you should ask yourself the question why that happend 

I’m curious as to how you define ‘valid questions’ and ‘baseless claims’.

I have asked many ‘valid questions’ such as:

- A couple of team members Marcus and Nick stated in January 2019 And again in March 2019 that Xtrabytes would have patent-pending status in late February or early March. The post made in early March even said you’d have them in the next few days. However, as of November 2019, you have not even filed the applications. How were you going to get patents in February or March 2019 if you hadn’t filed the applications (And still haven’t)?

Additionally, Leon was saying patents would come by EOY 2018. How were patents going to be granted in 2018 if, as of November 2019, the applications still have not been filed?

As to avoid making ‘baseless claims’, here is an album comprised of screenshots of these instances: https://imgur.com/a/vPwelrK

Cameron0208 these "valid questions" have been answered several times already. People (me included) made mistakes, targets were missed and we are sorry for this. The problem with you is that you cannot accept this or the apologies. You only want to attack the project and its people, accusing us of being a scam, calling us liars and trying to make others believe there are no patent applications being worked on. People make mistakes, in fact you also made a mistake above:

"Xtrabytes would have patent-pending status in late February or early March...

and later:

"How were you going to get patents in February or March"


This is a mistake and I have seen you make similar mistakes (or are they on purpose?) with almost every post you make... you constantly twist things around in your favour to meet your agenda. We have never said we would have patents at any date, ever. That is a matter for the patent office, not us.

Yes, we have thought we would be at "patent pending" at times in the past and have shared dates given to us based on "normal timelines and circumstances", but challenges with the claims and descriptions section of our applications have prevented this (also well publicized). In fact, these very challenges is what lead to the Belgium NDA signing and first video, which was followed by the second NDA signing and video which was done so more members of our team could prepare for that seemingly elusive time when we get our applications submitted.

Also, why are you trying to pass one of our valued community supporters; Nick @ntsili (on Twitter), as a team member? As above, I quote you again; "A couple of team members Marcus and Nick..." This is simply a lie and another attempted manipulation of our readers on your part.

While on the topic of your ridiculous lies, lets not forget about this one:

https://www.reddit.com/r/CryptoCurrency/comments/cbzps4/scam_alert_the_recent_photo_posted_by_xtrabytes/

Excerpt: "The conclusion is that the photo that was posted by Xtrabytes is not their photo. It was not taken by the team. It is photoshopped, which can be seen in the metadata of the picture, along with the amount of and the areas photoshopped. The most notable areas that are clearly and conclusively photoshopped are the logo on the t-shirt, the document on the table, and the computer screen, which show high levels of contrast and distortion - common proof of the photo being saved down from a site rather than being an authentic photo. Together, this proves that the Xtrabytes team photoshopped their logo on the shirt, photoshopped the document on the table, and photoshopped their logo and "POSign" onto the laptop screen."

Now I will just follow that up with a couple of videos where Danny is wearing the same shirt, just in case some interested readers would like to review these milestones:

XTRABYTES Video Discussion After the NDA's: https://www.youtube.com/watch?v=KFJtcL14n4U

XTRABYTES Unscripted Testimonials from Frankfurt: https://www.youtube.com/watch?v=dSBFAKsQCS4

So, this is why your posts are NOT VALID and are BASELESS... You are one of the worst trolls that attack this project and your posts are simply deleted as a result of that fact.

Thankfully, most of the XTRABYTES community has accepted the fact that we have become mired in various uncontrollable circumstances and have decided it is best to go about their personal lives and business, thus allowing us some breathing room to sort all of these challenges out. It would be nice if you and the other haters and trolls would do the same.

Thank you in advance for your understanding.

[Neloc75]

Hi CCR do you know how close this project is to Patent Pending so the tech can be demonstrated to the wider crypto community? That should probably bring in some volume for the project and make the discord and other social media much more active as well. If there's no estimate, do you know how far along the patent process is compared to before?

[CryptoCracy2020]

The XBY wallet on waves is a smart wallet correct?

There is no XBY wallet on WAVES, there is an wXBY token on WAVES which is a smart asset. As you can read in my previous explanation, the XBY sent to the WAVES exchange is sent to the gateway which is responsible for "crediting" your WAVES account with the correct amount of wXBY, the "twin token" for XBY you can use on WAVES to execute trades on their DEX.

I think Ganja means the waves wallet that created the (w?)XTRABYTES token.
@Golden: when you say wXBY you mean the waves-based token the team created thats called XTRABYTES, right?

wXBY is a smart asset (https://docs.wavesplatform.com/en/blockchain/token/smart-asset.html (https://docs.wavesplatform.com/en/blockchain/token/smart-asset.html)) used on the WAVES blockchain, it only exists on the WAVES blockchain and it cannot be transferred to a real XBY address.

The XTRABYTES (wXBY?) token is NOT a smart asset. I repeat: NOT a smart asset.
Check here. scripted = false so there is no script attached to the XTRABYTES token making it just a regular token. The only way to make an asset smart is to add a script when you create the token. You can't add a script afterwards. see here and here. The only way to add a script later is to create the asset and add the encoded output of " script:true " to the asset. You will have a smart asset with an empty script that evaluates to true no matter what. In this case the asset's page in the explorer will also list that scripted = true.
[edit]Just to balance this out: The gateway is working, so you dont need the asset to be smart anyways ;-). [/edit]

From the waves smart-asset page
Note:
The assets that were issued without a script cannot become scripted. You can create an asset that behaves as non-scripted but can be upgraded later, by issuing an asset with a script: 'true'.

The creator wallet (account in waves terminology), our beloved 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn, is also not scripted. I would recommend adding a RIDE script to disallow exchangeTransaction for the wallet. That would make the acount and the wXBY token more trustworthy to me. (see https://docs.wavesplatform.com/en/ride/structures/transaction-structures/exchange-transaction.html)
All other operations are still valid but you lock exchange trading. You can add a script to a wallet / account after creation as long as you have the private key / seed phrase.

Cheerio lads!

[CryptoCracy2020]

As for this transfer transaction CrytoCracy2020 talked about, the alphanumeric string (B9KEBf3vUtZkBwm8vVJYefB9Xn1S8k8YBz) in the attachment is the address where the real XBY needs to be send to. You can find this transaction here in the XTRABYTES blockexplorer. Needles to say that the amount you can see in the blockexplorer is after the transaction fees had been deducted. As you can see in the WAVES blockexplorer the recipient of this transfer transaction was the gateway wallet (or creator wallet if you will) 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn, and if you look at the XTRABYTES blockexplorer you can see that the sender was a regular XBY address BHr887z8M9vZCxSSu8Kn7A6bvsE6cd6Y8n and not the gateway address 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn and the receiver address was B9KEBf3vUtZkBwm8vVJYefB9Xn1S8k8YBz the alphanumeric string that could be found in the attachment of the WAVES transfer transaction.
So yes this was a withdraw of XBY from the WAVES DEX that passed through our gateway, wXBY tokens from the user account to the gateway address and real XBY from the gateway to the users XBY address. The transfer of the wXBY tokens to the gateway address triggered an XBY transaction from the gateway address to the address in the attachment.

Thanks for the examples golden!
And the gateway wallet is exclusively used for the transfer in- and out of waves, right?