If you think there's a much better coin out there that has what Bitcoin and Ripple has, a direct account funding through fiat deposit. Sell your XBS
If you think there's a coin out there that's created for wide community adoption with integrations of services that people used in their everyday activities. Sell your XBS
Topic: Bitstake/XBS DISCONTINUED - page 33. (Read 258826 times)
If Bitstake is a scam,
We will not have created XBS without presale and premine. Even majority of startup backed by VC with millions in funding had premine and presale.
We will not have spent the last 4 months working developing this project, without any community donations.
We will not have locked out foreigners from depositing XBS into the trading because there's no way to cash out into a Nigerian bank.
We will not have released thousands of XBS and blackcoin locked in the multi stake during the time out caused by bug.
We will not have any explosure on Nigerians blogs and newspaper and other bitcoin newsite.
We will not have delayed the launch because we needed more time improving the site and adding new features.
We will not have created XBS without presale and premine. Even majority of startup backed by VC with millions in funding had premine and presale.
We will not have spent the last 4 months working developing this project, without any community donations.
We will not have locked out foreigners from depositing XBS into the trading because there's no way to cash out into a Nigerian bank.
We will not have released thousands of XBS and blackcoin locked in the multi stake during the time out caused by bug.
We will not have any explosure on Nigerians blogs and newspaper and other bitcoin newsite.
We will not have delayed the launch because we needed more time improving the site and adding new features.
To all people screaming scam and that the platform is not real, you are bunch if idiots and racist.
What Bitstake is planing to offer is not currently offered on any bitcoin platform. Bitstake will allow bank deposit, does that not confirm that the people behind it are real ? What alt coin dev offers bank deposit for their coin trading?
A lot of money and time has gone into making Bitstake what it is today. XBS is still on the platform because of the support from early bitstake supporters on the forum.
If bittrex delist XBS, the trading will still continue because there's a trading platform on Bitstake and Nigerians will still be able to buy and sell XBS. This case doesn't apply to all coins out there they all depends on Bitcoin.
What Bitstake is planing to offer is not currently offered on any bitcoin platform. Bitstake will allow bank deposit, does that not confirm that the people behind it are real ? What alt coin dev offers bank deposit for their coin trading?
A lot of money and time has gone into making Bitstake what it is today. XBS is still on the platform because of the support from early bitstake supporters on the forum.
If bittrex delist XBS, the trading will still continue because there's a trading platform on Bitstake and Nigerians will still be able to buy and sell XBS. This case doesn't apply to all coins out there they all depends on Bitcoin.
ill make it very easy to check legitmate project
step 1 go here: https://bitstake.info
step 2 signup on bitstake
step 3 test staking or lending feature with xbs if no trust
step 4 does it work? the answer is yes, but check for yourself with 1 xbs if you think scam
renegademan say alot of words but him not knowing how xbs works on the platform shows he hasnt even signup up because it to obvious
step 1 go here: https://bitstake.info
step 2 signup on bitstake
step 3 test staking or lending feature with xbs if no trust
step 4 does it work? the answer is yes, but check for yourself with 1 xbs if you think scam
renegademan say alot of words but him not knowing how xbs works on the platform shows he hasnt even signup up because it to obvious
For goodness sake!
Go back and read through my posts above.
It's not at all clear why XBS (as a crypto) is even needed for this 'business'!!
It's not at all clear who the dev is or who all these other people are!!
It's not at all clear how the remittance processes will even work on the 'platform'!!
Getting the exchange working is of such minor importance.
Getting clarity that this is real and not all just a façade is 1000 times more important before anyone should put one satoshi towards this!!
Wake up to yourself!!
I can't even comprehend the level of reasoning of this forum users.
Bitstake is a startup that is planing to offers digital currency services to Nigerians.
XBS is a coin created by bitstake and it's exclusively available for use on the platform for staking, storage in the wallet, lending and trading with Nigeria local currency.
There are lots of bitcoin companies and digital currency without any known individuals behind them. Everything you need to know about the bitstake team is already available to you, The name.
The only connection Bitstake has to users here is the XBS, the coin. None of you will use us to transact money because the services is only for Nigerians and due to foreign laws only Nigerians will be allow to have a verified account with the options of Naira deposit.
just dump all xbs's from noobies to 15 - 10k back again
i'm waiting! You have my buy orders there!
kiss kiss
i'm waiting! You have my buy orders there!
kiss kiss
Guys,
This why I do not argue with these people anymore.They do this not just here, but real life. I never talk politics etheir. The west is producing too many low information, idiots. They have zero idea how BISTAKE's platform works. All they do is look at the Op page, webpage, the Bittrex price, and twitter. Zero thought goes into business model.
Guys like Renegade are actually good for XBS. All publicity is good. He is our biggest advertiser. Thanks to his efforts, the coins has better distribution. Too many people were in at below 6K without any knowledges of Bitstake's plan, because that information was not available at that time. They were just gambling. Now most of those big holders are out and replaced by people that actually view XBS as an investment.
Let the fools sell and buy cheaper. We are going to teach them a lesson by getting RICH. They will be same as the people that you still hear saying "Dang, I sold BTC at 5 cents
"
Thanks
Dr Mike
PM me
or
Follow me on Twitter:
Doctor Mike
@DrMikesCoinTeam
This why I do not argue with these people anymore.They do this not just here, but real life. I never talk politics etheir. The west is producing too many low information, idiots. They have zero idea how BISTAKE's platform works. All they do is look at the Op page, webpage, the Bittrex price, and twitter. Zero thought goes into business model.
Guys like Renegade are actually good for XBS. All publicity is good. He is our biggest advertiser. Thanks to his efforts, the coins has better distribution. Too many people were in at below 6K without any knowledges of Bitstake's plan, because that information was not available at that time. They were just gambling. Now most of those big holders are out and replaced by people that actually view XBS as an investment.
Let the fools sell and buy cheaper. We are going to teach them a lesson by getting RICH. They will be same as the people that you still hear saying "Dang, I sold BTC at 5 cents
"Thanks
Dr Mike
PM me
or
Follow me on Twitter:
Doctor Mike
@DrMikesCoinTeam
Development takes time and this is what people don't like. They want instant development/ results which they then think will give them instant profits. When this doesn't happen and it makes them very angry and they do what they do best FUD.
The Bitstake team just need to keep doing what they have been doing the past couple of months and that's working hard.
I think when the Bistake exchange opens this is the games changer.
@ Bitstake, let's get this exchange up and running, get it online as soon as you feel it's ready and let's get Nigerian people using it, saving them money on fees. (This is the aim) Bitstake will then really begin to grow. It's all about the exchange for Nigerians to save money.
The Bitstake team just need to keep doing what they have been doing the past couple of months and that's working hard.
I think when the Bistake exchange opens this is the games changer.
@ Bitstake, let's get this exchange up and running, get it online as soon as you feel it's ready and let's get Nigerian people using it, saving them money on fees. (This is the aim) Bitstake will then really begin to grow. It's all about the exchange for Nigerians to save money.
For goodness sake!
Go back and read through my posts above.
It's not at all clear why XBS (as a crypto) is even needed for this 'business'!!
It's not at all clear who the dev is or who all these other people are!!
It's not at all clear how the remittance processes will even work on the 'platform'!!
Getting the exchange working is of such minor importance.
Getting clarity that this is real and not all just a façade is 1000 times more important before anyone should put one satoshi towards this!!
Wake up to yourself!!
(or just stay asleep and claim "oh he's just fudding".....I honestly don't know why I'm bothering)
it clear that you not even used website bitstake is for peer to peer lending and staking bitcoin cannot do
dont be mad actually singup for an account to understand
The price is 'unimportant' (supposedly...I don't actually believe it for a second as they'll be major coin holders too) because XBS is not tethered to their 'business' i.e. their business model is not dependent on XBS and (again supposedly with what's been presented) XBS is not dependent on their business either.
So what is it that will make XBS rise?
Has anyone really considered this? DrMike, with all your extensive research?
XBS, doesn't appear to be a fundamental component in the operation of the platform. At best, as you've suggested, it may provide a backup currency. But it's not like it's the 'stock' or the equity of the business. If the business is real and genuinely starts servicing Nigerian customers wanting to remit funds, it sounds like XBS isn't really necessary. So it's really just a 'brand-name' (albeit not yet well known) crypto that's been released by Bitstake as an adjunct to their main service - funds remittance for Nigerians via mobile phone using Bitcoin.
If someone can correct me on this I'd be pleased, but at the moment I can't see how XBS is going to achieve massive gains because it isn't a dividend paying share and isn't fundamentally necessary.
XBS is POS, BTC is POW. One of there services is an interest bearing account, so they can save and hold some coins while getting more staked.
The lending platform will also be using XBS for all kinds of loan types, and again, staking coins over the length of the loan period can help with easier repayment of the loan or make low % interest loans.
And since the exchange hasnt even opened yet, yeah the price doesnt matter. Right now its speculative...its a start-up.
waiting New wallet monday 
RenegadeMan, I understand you very well. I just think you do not understand what stage bitstake now. Bistake is still in its early stages.
Some questions that you are asking, they might still have to encounter. It is difficult to answer you question.
They have just begun, have already pretty much delivered as promised (this is not typical behavior scam as we have often seen in others). It does not make sense at this stage to answer your questions. I have them too, very much. But understand that Bistake is still in early stages. Just as Bitcoin then. When Bitcoin suddenly became a success, most were too late. I'm not saying this will happen to XBS, but there's a chance. And people are now investing in this chance (i do too). Although there are many questions.
Alt coin Investing is a risk. Risk of losing is great, but if you win ..
Some questions that you are asking, they might still have to encounter. It is difficult to answer you question.
They have just begun, have already pretty much delivered as promised (this is not typical behavior scam as we have often seen in others). It does not make sense at this stage to answer your questions. I have them too, very much. But understand that Bistake is still in early stages. Just as Bitcoin then. When Bitcoin suddenly became a success, most were too late. I'm not saying this will happen to XBS, but there's a chance. And people are now investing in this chance (i do too). Although there are many questions.
Alt coin Investing is a risk. Risk of losing is great, but if you win ..
Okay. I don't think the similarities to Bitcoin's development are evident; the situation's completely different.
Good luck
Why are you even bothering? Your posts are just too long winded. Chill. You are not worried, investors conduct their own research they don't listen to anyone on here unless they are very new to trading cryptos.
There are lot of us who believe in Bitstake and what it's trying to do as a platform and a company venture so with your posts your not going to change our minds. You have put your points across quite enough now so I think people get the point.
I couldn't care about transparency at this point, maybe if Bitstake were turning over millions of $ through their services then yes, but at this moment it's not an issue, getting the services online and Nigerians using the platform is the main issue.
Don't forget about remittence. Nigerians will flock to this so they can save money. It's all about saving money.
RenegadeMan, I understand you very well. I just think you do not understand what stage bitstake now. Bistake is still in its early stages.
Some questions that you are asking, they might still have to encounter. It is difficult to answer you question.
They have just begun, have already pretty much delivered as promised (this is not typical behavior scam as we have often seen in others). It does not make sense at this stage to answer your questions. I have them too, very much. But understand that Bistake is still in early stages. Just as Bitcoin then. When Bitcoin suddenly became a success, most were too late. I'm not saying this will happen to XBS, but there's a chance. And people are now investing in this chance (i do too). Although there are many questions.
Alt coin Investing is a risk. Risk of losing is great, but if you win ..
Some questions that you are asking, they might still have to encounter. It is difficult to answer you question.
They have just begun, have already pretty much delivered as promised (this is not typical behavior scam as we have often seen in others). It does not make sense at this stage to answer your questions. I have them too, very much. But understand that Bistake is still in early stages. Just as Bitcoin then. When Bitcoin suddenly became a success, most were too late. I'm not saying this will happen to XBS, but there's a chance. And people are now investing in this chance (i do too). Although there are many questions.
Alt coin Investing is a risk. Risk of losing is great, but if you win ..
Development takes time and this is what people don't like. They want instant development/ results which they then think will give them instant profits. When this doesn't happen and it makes them very angry and they do what they do best FUD.
The Bitstake team just need to keep doing what they have been doing the past couple of months and that's working hard.
I think when the Bistake exchange opens this is the games changer.
@ Bitstake, let's get this exchange up and running, get it online as soon as you feel it's ready and let's get Nigerian people using it, saving them money on fees. (This is the aim) Bitstake will then really begin to grow. It's all about the exchange for Nigerians to save money.
The Bitstake team just need to keep doing what they have been doing the past couple of months and that's working hard.
I think when the Bistake exchange opens this is the games changer.
@ Bitstake, let's get this exchange up and running, get it online as soon as you feel it's ready and let's get Nigerian people using it, saving them money on fees. (This is the aim) Bitstake will then really begin to grow. It's all about the exchange for Nigerians to save money.
It's not at all clear who the dev is or who all these other people are!!
Getting clarity that this is real and not all just a façade is 1000 times more important before anyone should put one satoshi towards this!!
Everyone thinks Bitstake is a Dev. Bitstake has always said to be no Dev. From the beginning, they indicated that XBS is part of their business which they are setting up. They find the price now is not important. They are busy setting up the company Bitstake. Bistake has never been promote someone to buy XBS. They have always said, this you must know yourself. For the company Bitstake is not important to show us they are, because we are traders and not their target. Their target group are Negerianen using their platform. In short, XBS is a home currency on the Bitstake platform. They want set up a kind of western union for Negerianen (because the market there is huge) and focus on this group. Of course you can buy XBS and (possibly) profit from gain. But that's up to you whether you want this, you can participate. Investing in XBS is a risk, as in all other coins. Only Bistake has so far delivered what has been announced, and the prospect of Bitstake are positive. It's up to you to decide whether you have the courage or guts to buy XBS.
Again, XBS is a risk just like any other coin. Watch the story of Bitstake and prospects, and decide for yourself whether you worth the risk to invest (I do).
It is very unfortunate that everyone would like to have 100% warranty. That's the same when you go to a casino, put your money in and require the casino manager you must win.
Development takes time and this is what people don't like. They want instant development/ results which they then think will give them instant profits. When this doesn't happen and it makes them very angry and they do what they do best FUD.
The Bitstake team just need to keep doing what they have been doing the past couple of months and that's working hard.
I think when the Bistake exchange opens this is the games changer.
@ Bitstake, let's get this exchange up and running, get it online as soon as you feel it's ready and let's get Nigerian people using it, saving them money on fees. (This is the aim) Bitstake will then really begin to grow. It's all about the exchange for Nigerians to save money.
The Bitstake team just need to keep doing what they have been doing the past couple of months and that's working hard.
I think when the Bistake exchange opens this is the games changer.
@ Bitstake, let's get this exchange up and running, get it online as soon as you feel it's ready and let's get Nigerian people using it, saving them money on fees. (This is the aim) Bitstake will then really begin to grow. It's all about the exchange for Nigerians to save money.
For goodness sake!
Go back and read through my posts above.
It's not at all clear why XBS (as a crypto) is even needed for this 'business'!!
It's not at all clear who the dev is or who all these other people are!!
It's not at all clear how the remittance processes will even work on the 'platform'!!
Getting the exchange working is of such minor importance.
Getting clarity that this is real and not all just a façade is 1000 times more important before anyone should put one satoshi towards this!!
Wake up to yourself!!
(or just stay asleep and claim "oh he's just fudding".....I honestly don't know why I'm bothering)
You savior of people, you're doing everything to save their money and they do not listen to you, so leave them alone, or advise them better investment than the XBS, investments which will be fully transparent and clean.
Because the crypto world is one giant scam.Or not?
Development takes time and this is what people don't like. They want instant development/ results which they then think will give them instant profits. When this doesn't happen and it makes them very angry and they do what they do best FUD.
The Bitstake team just need to keep doing what they have been doing the past couple of months and that's working hard.
I think when the Bistake exchange opens this is the games changer.
@ Bitstake, let's get this exchange up and running, get it online as soon as you feel it's ready and let's get Nigerian people using it, saving them money on fees. (This is the aim) Bitstake will then really begin to grow. It's all about the exchange for Nigerians to save money.
The Bitstake team just need to keep doing what they have been doing the past couple of months and that's working hard.
I think when the Bistake exchange opens this is the games changer.
@ Bitstake, let's get this exchange up and running, get it online as soon as you feel it's ready and let's get Nigerian people using it, saving them money on fees. (This is the aim) Bitstake will then really begin to grow. It's all about the exchange for Nigerians to save money.
It's not at all clear why XBS (as a crypto) is even needed for this 'business'!!
I understand the idea behind XBS. If the platform only BTC would offer, the company depends on the Bitcoin. XBS is the home currency. Imagine if Bitcoin suddenly collapses then the company can still continue with her own home currency in this case XBS. In short, XBS is not to be dependent on other coins.
lol peeps get pretty emotional about their crypto coins
Development takes time and this is what people don't like. They want instant development/ results which they then think will give them instant profits. When this doesn't happen and it makes them very angry and they do what they do best FUD.
The Bitstake team just need to keep doing what they have been doing the past couple of months and that's working hard.
I think when the Bistake exchange opens this is the games changer.
@ Bitstake, let's get this exchange up and running, get it online as soon as you feel it's ready and let's get Nigerian people using it, saving them money on fees. (This is the aim) Bitstake will then really begin to grow. It's all about the exchange for Nigerians to save money.
The Bitstake team just need to keep doing what they have been doing the past couple of months and that's working hard.
I think when the Bistake exchange opens this is the games changer.
@ Bitstake, let's get this exchange up and running, get it online as soon as you feel it's ready and let's get Nigerian people using it, saving them money on fees. (This is the aim) Bitstake will then really begin to grow. It's all about the exchange for Nigerians to save money.
please dont forget about the multi stake feature your clearly no talking about it on your uberly long letter.
So just ignore everything else that's so obviously deficient and misleading about Bitstake and focus on one thing "multi-stake" that negates all that I'm talking about?
Good luck with that strategy.
Is fine buddy, i get your point, but you only points out what is missing not what development they have showed, and that's fine i get the point your trying to come across.
bitstake has to clear the air on the legal business situation once they begin to provide Nigerians with their services.
at lease be fair and show that your research and point of view values the development already released and working.
Well I've used the 'platform' and I don't think it's terribly sophisticated. In fact I think it's pretty rudimentary. There's not much more to it than it being a simple on-line wallet (with excessive fees to withdraw....although I think I've since read that's been addressed). "Multi-staking" simply involves providing a mechanism to stake XBS or BC (or whatever.....the dev was asked by someone about the process to add other coins but he never answered that person) and that's not a terribly complicated thing.
The rest of the features (the exchange and trading) haven't been built. There's very little that's actually on there if you go spend some time going through the various screens reviewing it.
This is one of the major problems, people are just taking much of this at face value without actually looking to see what's been built, how it works and what's unique about it.
As far as I can see there's very little of substance that's indicating the suggested remittance and trading capabilities are going to be really there and really usable for the customer base they're supposedly targeting.
(again, I could be completely wrong but the lack of the dev's ability or desire to genuinely show what this is really all about is the most obvious indication there's little substance involved).
i dont know your coding background, but if you think is simple stuff or what ever you want to call it, you should do your own version and make some money while your at it.
i have spend time looking at it, lending is not ready nor is the exchange and they have clearly stated that with all the bs that goes on in the forum, people completely disregard statements already made by them just b/c they want to hype, fud or mislead people.
and there is the problem here people love to hype and get ahead of them self's before is even there, and if you really look at the time frame of development it has been pretty slow and showing results.
i dont mind ppl questioning the future or whats missing but at lease try to be fair, we all know what altcoins are about and how the begin in this forum.
See reply post above to DrMike; I don't write code but am much experienced with reviewing software development projects in the corporate realm.
Agree with what you're saying about people on these threads getting ahead of themselves; everyone expects everything to be done within just days.
But all that aside, the dev has done little to foster assurance and help people see a that he's genuine and these other supposed people involved are real too. The thing's got hair all over it and looks ridiculously dodgy. Deleting my post and saying he doesn't need to explain anything....WRONG!
Is actually great to see you reveal some of your experience, and your points are valid in what questionable, and less be honest we know how this forum is, you think everyone would just come out and reveal all their details, maybe you where to cutting edge with your statement to what is missing, i my self would have gone a different route and used slack and setup a community interview like other have joined the bitstake slack to talk and interact with the dev team, in this forum everyone has their reason the same for the bullys that create new accounts just to bash, disrespect, make fun of or troll.
please dont forget about the multi stake feature your clearly no talking about it on your uberly long letter.
So just ignore everything else that's so obviously deficient and misleading about Bitstake and focus on one thing "multi-stake" that negates all that I'm talking about?
Good luck with that strategy.
Is fine buddy, i get your point, but you only points out what is missing not what development they have showed, and that's fine i get the point your trying to come across.
bitstake has to clear the air on the legal business situation once they begin to provide Nigerians with their services.
at lease be fair and show that your research and point of view values the development already released and working.
Well I've used the 'platform' and I don't think it's terribly sophisticated. In fact I think it's pretty rudimentary. There's not much more to it than it being a simple on-line wallet (with excessive fees to withdraw....although I think I've since read that's been addressed). "Multi-staking" simply involves providing a mechanism to stake XBS or BC (or whatever.....the dev was asked by someone about the process to add other coins but he never answered that person) and that's not a terribly complicated thing.
The rest of the features (the exchange and trading) haven't been built. There's very little that's actually on there if you go spend some time going through the various screens reviewing it.
This is one of the major problems, people are just taking much of this at face value without actually looking to see what's been built, how it works and what's unique about it.
As far as I can see there's very little of substance that's indicating the suggested remittance and trading capabilities are going to be really there and really usable for the customer base they're supposedly targeting.
(again, I could be completely wrong but the lack of the dev's ability or desire to genuinely show what this is really all about is the most obvious indication there's little substance involved).
i dont know your coding background, but if you think is simple stuff or what ever you want to call it, you should do your own version and make some money while your at it.
i have spend time looking at it, lending is not ready nor is the exchange and they have clearly stated that with all the bs that goes on in the forum, people completely disregard statements already made by them just b/c they want to hype, fud or mislead people.
and there is the problem here people love to hype and get ahead of them self's before is even there, and if you really look at the time frame of development it has been pretty slow and showing results.
i dont mind ppl questioning the future or whats missing but at lease try to be fair, we all know what altcoins are about and how the begin in this forum.
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