Topic: [NEW XBY ANN] XTRABYTES - A NEW ERA BEGINS - page 29. (Read 28381 times)

https://imgur.com/a/k403aBl

I don't need to have posted in here to call out someone impersonating me. This should end this argument..

I like how you have only 1 post on your entire account  

Thanks,

The REAL BFA

Hey man...not to rain on your parade or anything, but you've claimed to be me (grant™) and BHawk. BHawk and I aren't the same person. It might be time to move along.

Thanks,

The Real BFA

We have also added Goldens post on our blog: https://blog.xtrabytes.global/general-crypto/the-economics-of-xtrabytes/

Please share across all social channels.

Thank you!

An Introduction to the Economic Landscape of XTRABYTES^TM

Contrary to what most cryptocurrency projects seek to accomplish, XTRABYTES^TM is building a platform that will bring the benefits of decentralization to a variety of everyday tasks (beyond simply serving as an alternative payment processor). Consequently, XTRABYTES intends to provide blockchain solutions that offer greater functionality than currently found in other cryptocurrency projects.

Although decentralized P2P payments have long been the mainstay of the crypto industry, we seek to substantially improve their accessibility. In particular, we intend to broaden the scope of payment options available to individuals who engage in a variety of different types of transactions.

Accordingly, we’ve identified various payment mechanisms suitable to such interactions (all of which retain unique technical requirements). Among the many payment methods identified are:
- instant peer-to-peer payment
- automated payments linked to smart contracts
- fee-less micropayments
- ...


Our Solution
Combining these payment methods in one coin typically necessitates technical compromises. At XTRABYTES, we believe it’s far better to simply incorporate two coins to meet this need.
By allowing for two coins, we’re able to provide users with access to two blockchains (both of which are compatible with one or more specific payment methods) that each have their own technical specifications.
Moreover, our platform enables us to link different types of payment methods to different types of users. While some of these transactions will occur on the client-side of the platform, others will take place on the server-side. This is one of the primary reasons we created XFUEL.
Although we have faced continued criticism about creating a second coin, we appreciate the fact that community members did not have this information and so could not accurately judge this decision.
By retaining two different blockchains, we’re able to optimize the many different payment methods that our platform will require. As you can see, XFUEL was not created simply as a means to pay for work and development.


Who's who
The big question on everyone's mind is “How do XBY and XFUEL fit into the network?”.
To start we need to identify the main entities that will make up our network:
- STATICs & STATIC owners, as the backbone of the network, provide the services needed to run the network. In addition to providing storage and computational power, they also oversee the addition of new information to the network.
- dAPPs & dAPP owners, offering STATIC-provided services in a user-friendly way, facilitate network access and help users benefit from its decentralized nature.
- Users and others looking to take advantage of a fully decentralized network in various aspects of their daily life.


XBY & XFUEL
The short answer: users will use XBY to use the dAPPs and dAPP owners will use XFUEL to pay for the services offered by the STATICs.
All dAPPs developed by XTRABYTES will be built on this principle and this will also be a requirement for any dAPP that is run on our network.
To give a simple example:
Someone developed a dAPP that allows people to book a service. However, the app requires data storage & P2P transactions. The user who wants to book the service will pay the dAPP owner in XBY.  And the dAPP owner will pay for the data storage and P2P transaction service in XFUEL.
This will create 2 markets, a market between the users and the dAPP owners for XBY and a market between the dAPP owners and the STATIC owners for XFUEL.
As the network grows so will the number of people using dAPPS. Likewise, dAPPs that require STATIC-provided services will grow as well. Together, we expect these dAPPs to have a positive influence on the supply/demand equilibrium of XBY and XFUEL.
Besides the service fees the STATIC owners will receive from the dAPP owners they will also receive the transactions fees for both the XBY and XFUEL transactions.
On top of that, both coins can be used to register a STATIC node or buy a future XIP token (tokenized shares of XTRABYTES Intellectual Property). This would have the added benefit of including STATIC owners in the XBY market and users in the XFUEL market.


Valuation
The intrinsic value of both XBY and XFUEL is considered equal, meaning that; where both XBY and XFUEL can be used for the same purpose in the network, 1 XBY equals 1 XFUEL. (For example 1 XIP = 1000 XBY = 1000 XFUEL, or level 1 STATIC = 500k XBY = 330K XBY + 170k XFUEL).
We expect that the market value for both coins will achieve equilibrium as a result. However, it’s ultimately the market that will determine the price of both coins and savvy traders will find themselves able to profit from fluctuations between these markets.

Thank you Dave for your very kind words. Family stays together, despite the circumstances or situations. Or that's how it should be. I feel very much like a family and you and the rest have made us feel that way. Thank you!!
"Good times are ahead" - That will our Mantra!!!

No it does not the answer will be the same for every year m8.

It depends on which year you are speaking of. 2022 or 2023 meh..

21 months for the patents btw, think we might see patents by the end of the year?

so when are we getting the patents then and how long is considerable 

Thank you, Eben! We all very much appreciate the support from community members like you and so many others who take the time out of their day to support our project though these challenging times.

Good times are ahead!

Will hang in until the day dawns Dave. Wishing you and the team, a great time! Looking forward to joining you - live!!

What's incredibly sad is that you have nothing better to do with your time than to constantly criticise.

This meeting doesn't claim to be proof of anything. It's simply members of the team meeting, many for the first time and getting to know each other and to learn about the patented technology.

That's it.

😂😂😂

Having team members sign NDAs and allegedly review the tech doesn’t mean anything - whether it’s 5 team members or 500. They’re team members. They have a vested interest. They need for XBY/XFuel to appreciate in value because they are paid in it. That is a conflict of interest. Open it up to third parties which do not have a vested interest and who are outside of your control. It is absolutely pointless to have 19 team members doing this. Is the strategy now: ‘well, we won’t show you the tech, but hey, look! We exist!’

That seems to be the new strategy and it’s incredibly sad that proving people’s existence now seems to be a milestone for Xtrabytes.

The first 2 weeks of September has been a busy one for your XTRABYTES Team, as we prepare for some upcoming and exciting events.

Today we wish to share a small update so that you are informed and therefore able to plan ahead if you wish to enjoy these events with the team.


Team Meeting

We have 19 of our valuable team members travelling to a private session in central Europe, where we will extend our NDA agreements and share some technical knowledge as well as corporate plans for the future. This meeting will occur on the weekend of Sept 21 & 22 (1 week from now).

What can you expect?

Although not everyone will be able to participate (due to real life personal reasons) we are planning to capture some video testimonials which will eventually be released as a video compilation.

Also, the highlight of the weekend for the XTRABYTES community will be a live feed which we will share starting on Sunday at 3PM GMT ( 5PM CEST - Central European Summer Time) We recommend the following website to coordinate with your local timezone: https://time.is/GMT

Simply make sure you are in Discord when the clock on the site above reaches 3PM ( 15:00 ) on Sept 22.


Patent News
       
Although we targeted and anticipated a patent pending announcement during our live feed, the timing didn’t coordinate. (that would have been awesome!)

The law firm has informed us, after review, that the changes required to the original draft documentation are extensive and will require a considerable amount of time to prepare. As such, the time required conflicts with their scheduled commitments with other clients, which means they will start working on our files again around the end of September.

Meanwhile, we continue to work on other important pieces of our project. As such; we ask that everyone turns their focus to all the positives that are occurring as we prepare to move the project to the next stage. We are well aware of how frustrating this patent journey has become and see no reason to dwell on it as we approach the finish line, therefore we don’t.

With that said, we thank you all for your ongoing patience.


Your XTRABYTES Team

its been 21 months so i hope soon lol

Are you going to ask every day Fapnap? 

Never trust yobit...for any coin lol...

that yobit wallet was declared dead over a year ago. you aren't getting them back. you can try contacting Dominik, but don't hold your breath