Hi Christopher and Bytecent aficionados.
My name is Adam - a newfound investor to Bytecent. I've recently started a project called "Facebucks Token" (www.facebucks.info) which aims to create an online crypto marketplace that will compete with Fiverr and Etsy. When our marketplace launches, I'd love to make Bytecent a compatible payment method within the goods/services offered in the marketplace. I feel like it can help give the BYC project a boost and lend some attention from our Facebucks community.
I feel like this project has a lot of potential- but yes entirely lacking a community behind it. In the meantime while the Facebucks marketplace is being built, if you need some help building a community behind this project - I feel like I can help. I'd love to help you keep up with your social media platforms, telegram channel and other vital outlets. If you're interested in getting into contact with me you can reach me at @MrSiteFB on Telegram
Cheers!
Adam
Topic: [ANN] Bytecent - Blockchain Powered Social Rewards Network - Bytecent.com - page 14. (Read 160304 times)
October 19, 2018, 02:39:16 PM
October 19, 2018, 02:20:52 PM
Also, guys please stop using newbie accounts. I know most of you are not newbies. 
We are having a fresh start, whatever drama we had in the past is the past. Everyone is welcome even if we previously bumped heads.
Best,
Christopher
We are having a fresh start, whatever drama we had in the past is the past. Everyone is welcome even if we previously bumped heads.
Best,
Christopher
October 19, 2018, 02:14:25 PM
Thank you for the update Christopher, it sounds like there are some exciting projects in the works and a bright future for Bytecent. Would you recommend waiting until wallet 2.3 is released to withdraw BYC from Bittrex, or not? Also, do you know for how long we will be able to withdraw BYC from Bittrex? Is this something I need to do immediately or is there a little time?
Thanks
Thanks
You can move everything to your desktop wallet or you can wait for Stex. I don't know when Bittrex will close the wallet, but they usually wait weeks for that. The next update will be minor, it will not be a hard fork or anything like that.
Best,
Christopher
October 19, 2018, 02:10:30 PM
Thank you for the update Christopher, it sounds like there are some exciting projects in the works and a bright future for Bytecent. Would you recommend waiting until wallet 2.3 is released to withdraw BYC from Bittrex, or not? Also, do you know for how long we will be able to withdraw BYC from Bittrex? Is this something I need to do immediately or is there a little time?
Thanks
Thanks
October 19, 2018, 01:27:37 PM
Hello everyone,
This is a long post but I encourage everyone to take a few minutes to read it.
Before I address the future of Bytecent, I want to take a few minutes and talk about the past 4 years. When I came up with the concept of Bytecent, I wanted to launch a coin that was user-friendly and easy to mine. Before Bytecent, I spent 14 years developing software for both consumers and businesses, and I tried to apply what I learned to crypto. After four years I can say it doesn’t work.
I am not a people person, most software engineers and developers aren’t, and yes I would say I can be an asshole. My personality and approach isn’t the best fit for a crypto community, so I spent the past 2 years ignoring the community and focusing on the corporate side of things. I will admit that was the wrong approach, it doesn’t work. I will also admit I suck at managing a crypto community, it’s not what I am good at. For any cryptocurrency to succeed there needs to be a strong community behind it.
But since I am being honest, the community also must be honest with itself. We know 90% of the people who buy cryptocurrencies are betting on the future and they want to make insane returns on the coins they buy. The problem with that is it puts immense pressure on developers to deliver, and some people just have unrealistic expectations. I believe that is why many projects fail, most developers just can’t handle the pressure. They had good intentions, but they didn’t know what they were getting into.
Before I continue, NO I am not going anywhere. I have spent 4 years of my life committed to this project, but I understand we need to make several changes and that will start today.
1. We have been working on a new wallet (Bytecent 3.0) for several months, but development slowed down because we have been using all of our manpower to help Avanquest with their projects. While the community waits for Bytecent 3.0, I will release an update to version 2.3. The new version will remove mining restrictions. The miner will no longer require you to have BYC to mine longer than an hour. Once you start the mining process, you will mine indefinitely. I will release the new wallet sometime next week.
2. Starting today I will separate the community side of Bytecent from the corporate side, the two do not mix. I will do my best to be more active in the community and listen to feedback regarding mining, exchanges, and trading. However, I will still need to be tight-lipped regarding any corporate projects or partnerships unless I am given the permission to discuss publicly.
3. Our partners don’t care if Bytecent is $4.00 or $0.04, nor do they care if we are on 1 exchange or 30 exchanges. Their only concern is a stable network and a place to buy coins to reward their users. The nuances of trading and exchanges is a concern of the community. When I launched Bytecent there were a handful of exchanges, and to get on exchanges was difficult. Now there are over 100 exchanges and most will let you list your coin for a fee. The fees vary from one exchange to the other, but usually the minimum fee is 1 BTC. However, the fees can go well over 10 BTC with some exchanges. My plan now is to get us listed on as many exchanges as possible so we never run into this problem again.
A. Several people have contacted me about how they can help with listing fees, but I am apprehensive about asking for help with listing fees because of FUD and past experiences. However, the listing fees are not cheap, and I cannot convince our partners to pay the listing fees for multiple exchanges because they don’t really care.
B. If we raise money as a community for listing fees, I am not interested in handling anyone’s BTC or being responsible for donations. I propose once an exchange agrees to list us; we have the exchange setup a fresh BTC address and we all just send BTC to that address. This way it goes directly to the exchange and we can all monitor how many BTC is going to that address.
C. You must trade!!! To prevent exchanges from delisting Bytecent we must all trade. Even if you are selling your mined coins the market needs activity.
D. I have been in communication with Bittrex for a week and they will ultimately delist Bytecent. Their policy is they must delist after they make the announcement. It’s not fair to the other developers who were delisted. However, they will let us relist by going through the listing process again. Before we do that, we must get our shit together as a community and that includes me. Once we fix the community and we can show Bytecent is active, we will relist. Hopefully, by the end of December or January 2019.
E. I have been in contact with several exchanges, and I decided we will go with Stex.com first. They are new and I like their platform. They have a decent reputation and their listing fees are reasonable. They also have USD, EUR, JPY pairs. We will start with BTC/BYC first, and then the community will decide which pairs to add later. There is a fee for each new pair. They are installing the Bytecent wallet and it will take a few hours to set everything up. Their listing fee for BTC/BYC is one BTC, and I will have them create a BTC address so we can all donate to it. The market will not go live until they receive the full amount first.
F. The next exchange we are listed on after Stex.com will be decided by the entire community. So everyone will have input on where and when. But we should start with the smaller exchanges first and then focus on the larger exchanges when our volume and community activity improves.
4. Over the past 2 years, we have helped Avanquest launch several apps to experiment on how we can best way to use the Bytecent network. Each experiment has had measurable success, but the biggest flaw has been the 3rd party CPA networks that provide the content. Some of you know, you might install an app or fill out a survey, and then you never receive your reward. That wasn’t Avanquest, it was the 3rd party networks, and we were at their mercy. So we decided we would launch our own platform/network and work directly with merchants, advertisers, and app developers. We have been working on the project for about a year, and it is by far the most ambitious project I have been a part of. When we launch, you will be impressed with what we have done. But more importantly, when you fill out a survey, install an app, sign up for a service, buy something...etc..etc, you will be rewarded 100% of the time. We have eliminated the middleman and the layer of complexity. I promise when we go live you guys will love it.
5. It has been quite some time since we cleaned up the Bytecent website, this thread, the official forum, and removed inactive links. I apologize for that and we will do better. Starting next week we will clean house. We will revamp the official website, tidy up the Bytecent forum, tidy up this thread, and remove inactive links.
6. I will try to be more tolerant of criticism and constructive suggestions. However, I will delete posts from new accounts only interested in FUD. If your only goal is to cause discourse and drama, please find another community.
I know this was a super long post, but I wanted to address everyone’s concerns. I will keep you guys updated and I will have someone from Stex exchange post their BTC address for payment.
Please do not keep asking me how long it will take for Stex to complete the setup. It took Bittrex 1 day, it took C-Cex 1 day, and it took Cryptsy 2 days. As soon as I know something I will report here. If you have any other questions please do not hesitate to ask.
PS: Please use this referral link to create an account with Stex. It will allow me to know how many people from our community are signing up, and it will also allow us to make a few BTC. Link: https://app.stex.com?ref=82221595
Best,
Christopher
This is a long post but I encourage everyone to take a few minutes to read it.
Before I address the future of Bytecent, I want to take a few minutes and talk about the past 4 years. When I came up with the concept of Bytecent, I wanted to launch a coin that was user-friendly and easy to mine. Before Bytecent, I spent 14 years developing software for both consumers and businesses, and I tried to apply what I learned to crypto. After four years I can say it doesn’t work.
I am not a people person, most software engineers and developers aren’t, and yes I would say I can be an asshole. My personality and approach isn’t the best fit for a crypto community, so I spent the past 2 years ignoring the community and focusing on the corporate side of things. I will admit that was the wrong approach, it doesn’t work. I will also admit I suck at managing a crypto community, it’s not what I am good at. For any cryptocurrency to succeed there needs to be a strong community behind it.
But since I am being honest, the community also must be honest with itself. We know 90% of the people who buy cryptocurrencies are betting on the future and they want to make insane returns on the coins they buy. The problem with that is it puts immense pressure on developers to deliver, and some people just have unrealistic expectations. I believe that is why many projects fail, most developers just can’t handle the pressure. They had good intentions, but they didn’t know what they were getting into.
Before I continue, NO I am not going anywhere. I have spent 4 years of my life committed to this project, but I understand we need to make several changes and that will start today.
1. We have been working on a new wallet (Bytecent 3.0) for several months, but development slowed down because we have been using all of our manpower to help Avanquest with their projects. While the community waits for Bytecent 3.0, I will release an update to version 2.3. The new version will remove mining restrictions. The miner will no longer require you to have BYC to mine longer than an hour. Once you start the mining process, you will mine indefinitely. I will release the new wallet sometime next week.
2. Starting today I will separate the community side of Bytecent from the corporate side, the two do not mix. I will do my best to be more active in the community and listen to feedback regarding mining, exchanges, and trading. However, I will still need to be tight-lipped regarding any corporate projects or partnerships unless I am given the permission to discuss publicly.
3. Our partners don’t care if Bytecent is $4.00 or $0.04, nor do they care if we are on 1 exchange or 30 exchanges. Their only concern is a stable network and a place to buy coins to reward their users. The nuances of trading and exchanges is a concern of the community. When I launched Bytecent there were a handful of exchanges, and to get on exchanges was difficult. Now there are over 100 exchanges and most will let you list your coin for a fee. The fees vary from one exchange to the other, but usually the minimum fee is 1 BTC. However, the fees can go well over 10 BTC with some exchanges. My plan now is to get us listed on as many exchanges as possible so we never run into this problem again.
A. Several people have contacted me about how they can help with listing fees, but I am apprehensive about asking for help with listing fees because of FUD and past experiences. However, the listing fees are not cheap, and I cannot convince our partners to pay the listing fees for multiple exchanges because they don’t really care.
B. If we raise money as a community for listing fees, I am not interested in handling anyone’s BTC or being responsible for donations. I propose once an exchange agrees to list us; we have the exchange setup a fresh BTC address and we all just send BTC to that address. This way it goes directly to the exchange and we can all monitor how many BTC is going to that address.
C. You must trade!!! To prevent exchanges from delisting Bytecent we must all trade. Even if you are selling your mined coins the market needs activity.
D. I have been in communication with Bittrex for a week and they will ultimately delist Bytecent. Their policy is they must delist after they make the announcement. It’s not fair to the other developers who were delisted. However, they will let us relist by going through the listing process again. Before we do that, we must get our shit together as a community and that includes me. Once we fix the community and we can show Bytecent is active, we will relist. Hopefully, by the end of December or January 2019.
E. I have been in contact with several exchanges, and I decided we will go with Stex.com first. They are new and I like their platform. They have a decent reputation and their listing fees are reasonable. They also have USD, EUR, JPY pairs. We will start with BTC/BYC first, and then the community will decide which pairs to add later. There is a fee for each new pair. They are installing the Bytecent wallet and it will take a few hours to set everything up. Their listing fee for BTC/BYC is one BTC, and I will have them create a BTC address so we can all donate to it. The market will not go live until they receive the full amount first.
F. The next exchange we are listed on after Stex.com will be decided by the entire community. So everyone will have input on where and when. But we should start with the smaller exchanges first and then focus on the larger exchanges when our volume and community activity improves.
4. Over the past 2 years, we have helped Avanquest launch several apps to experiment on how we can best way to use the Bytecent network. Each experiment has had measurable success, but the biggest flaw has been the 3rd party CPA networks that provide the content. Some of you know, you might install an app or fill out a survey, and then you never receive your reward. That wasn’t Avanquest, it was the 3rd party networks, and we were at their mercy. So we decided we would launch our own platform/network and work directly with merchants, advertisers, and app developers. We have been working on the project for about a year, and it is by far the most ambitious project I have been a part of. When we launch, you will be impressed with what we have done. But more importantly, when you fill out a survey, install an app, sign up for a service, buy something...etc..etc, you will be rewarded 100% of the time. We have eliminated the middleman and the layer of complexity. I promise when we go live you guys will love it.
5. It has been quite some time since we cleaned up the Bytecent website, this thread, the official forum, and removed inactive links. I apologize for that and we will do better. Starting next week we will clean house. We will revamp the official website, tidy up the Bytecent forum, tidy up this thread, and remove inactive links.
6. I will try to be more tolerant of criticism and constructive suggestions. However, I will delete posts from new accounts only interested in FUD. If your only goal is to cause discourse and drama, please find another community.
I know this was a super long post, but I wanted to address everyone’s concerns. I will keep you guys updated and I will have someone from Stex exchange post their BTC address for payment.
Please do not keep asking me how long it will take for Stex to complete the setup. It took Bittrex 1 day, it took C-Cex 1 day, and it took Cryptsy 2 days. As soon as I know something I will report here. If you have any other questions please do not hesitate to ask.
PS: Please use this referral link to create an account with Stex. It will allow me to know how many people from our community are signing up, and it will also allow us to make a few BTC. Link: https://app.stex.com?ref=82221595
Best,
Christopher
October 19, 2018, 10:04:14 AM
Guys... I am writing the announcement now, it will take another hour or two. Everyone asked for full details, so that is what I am going to do. But like I said before it is good news.
October 19, 2018, 09:50:22 AM
Hello everyone,
I will be making an announcement later in the morning and yes it is good news. Stay tuned...
Best,
Christopher
I will be making an announcement later in the morning and yes it is good news. Stay tuned...
Best,
Christopher
Let me guess you got some green signal from Bittrex rather than this what it could be or Binance is agreed to make it list there. I'm curios to know about this because if this could happen than we will see good recovery in very short time of period.
I don’t think news is related to bittrex.
October 19, 2018, 07:47:30 AM
Hello everyone,
I will be making an announcement later in the morning and yes it is good news. Stay tuned...
Best,
Christopher
I will be making an announcement later in the morning and yes it is good news. Stay tuned...
Best,
Christopher
Let me guess you got some green signal from Bittrex rather than this what it could be or Binance is agreed to make it list there. I'm curios to know about this because if this could happen than we will see good recovery in very short time of period.
October 19, 2018, 07:12:19 AM
Hello everyone,
I will be making an announcement later in the morning and yes it is good news. Stay tuned...
Best,
Christopher
I will be making an announcement later in the morning and yes it is good news. Stay tuned...
Best,
Christopher
October 18, 2018, 02:27:32 AM
And for the record, Elemecro is the only person who offered to help. Has anyone reached out to other exchanges on our behalf? Has anyone besides Elemecro offered to contribute towards listing fees?
I think everyone will make possible donations if you suggest ways to help the project.
We are currently talking to several exchanges and we are trying to work out the best solution with each. No matter what happens with Bittrex we no longer want to be listed on a single exchange so this doesn't happen again. Once I have detailed information I will report back here.
Best,
Christopher
October 18, 2018, 02:04:33 AM
And for the record, Elemecro is the only person who offered to help. Has anyone reached out to other exchanges on our behalf? Has anyone besides Elemecro offered to contribute towards listing fees?
I think everyone will make possible donations if you suggest ways to help the project.
October 18, 2018, 01:35:26 AM
we all need detailed answer, without it we have a panic selling on the removing market
People will panic sell no matter what. When I have answers I report back here. We are still talking to Bittrex and we are also talking to other exchanges, each exchange has its own process and listing fees. I am not sure why some people think we are taking this situation lightly. We also have coins and we need an active market to trade just like everyone else. We were notified of the delisting the same time as everyone else, and like everyone else it caught us off guard. We are working to rectify the situation.
And for the record, Elemecro is the only person who offered to help. Has anyone reached out to other exchanges on our behalf? Has anyone besides Elemecro offered to contribute towards listing fees?
Best,
Christopher
October 18, 2018, 12:21:23 AM
selling for 3 and 4 cents is still silly?
Short answer is yes.
Best,
Christopher
October 18, 2018, 12:15:11 AM
selling for 3 and 4 cents is still silly?
Short answer is yes.
Best,
Christopher
October 18, 2018, 12:01:48 AM
Hi,
I tried to warn everyone selling for 3 and 4 cents was silly.
Best,
Christopher
I tried to warn everyone selling for 3 and 4 cents was silly.
Best,
Christopher
selling for 3 and 4 cents is still silly?
October 17, 2018, 03:27:01 PM
When u will let us know abt the final decision? We are two days away from delisiting
Soon.
Should we move byc to wallet? Waiting for final decision
Even if trading stops, the wallet will remain active for several weeks.
I can contribute some money if bittrex is asking for money to keep it listed. I want this project to succeed
October 17, 2018, 02:53:56 PM
When u will let us know abt the final decision? We are two days away from delisiting
Soon.
Should we move byc to wallet? Waiting for final decision
Even if trading stops, the wallet will remain active for several weeks.
October 17, 2018, 02:36:58 PM
When u will let us know abt the final decision? We are two days away from delisiting
Soon.
Should we move byc to wallet? Waiting for final decision
October 17, 2018, 06:29:16 AM
Any chances of staying on bittrex?
October 17, 2018, 06:24:03 AM
When u will let us know abt the final decision? We are two days away from delisiting
Soon.
Jump to: