VC translates into the company answering to a entity they may not have the best interests of the company but more so for the bottom line- which can be misleading in regards to running a successful project/effort.
YES, because dave and borz have the best interests of xby at heart. gimme a break. thank god we were saved from a VC and got XFUEL, which competes with XBY, no exchanges, CEO/COO who quit, no patents and yes another token...XIP which no one has really explained yet.
How fucking blind are you people?
Fuck, I wont argue with you on that topic, I may be. Help me understand the differences between xby and xfuel - and of late, XIP.
XBY - is the original coin that we pulled from the ashes, effectively preventing all original investors of the Bitmox ICO from losing their money and being scammed (like had happened so often until that point) by whoever started the ICO. As such, XTRABYTES did not have any funding from the ICO, therefore no development money. As a matter of fact, for the first 6 months we tried developing exclusively with free volunteers - which was not working because people need to be paid for their time - but this laid the foundation of commitment from some people and we expanded after that beyond the release of XFUEL.
XFUEL - was released as a result of this situation of no ICO funding to pay for our long term development goals. It does not complete with XBY and XTRABYTES would not exist today if we did not have XFUEL to pay for development and give all of our volunteers something to trade their time, talents and expertise for, which most are actually accumulating, rather than selling... giving them tremendous wealth potential in the future if we collectively deliver a powerful product and platform. This is exactly what we intend to do - this is what we are working towards.
XIP - is not a new token - this will be a representation of real shares from the real company that will own our patents. Our long term intention (after meeting all applicable laws) is to allow people the option to own part of the XTRABYTES project, which is driven by XFUEL and represented by the original XBY.
so you create xby in order to prevent yourself from losing money, because you and borz fell for the scam, then you create XFUEL because you don't use the xby dev fund made up from xby trxs for some reason no one has really explained. XFUEL itself competes with xby, thus doubling the circulating supply, aaaaaaaaand then, you come up with another 'store' of value called XIP that people must buy in order to "OWN PART OF XBY" even though those same people already bought XBY coin and XFUEL token.
am I missing something?
also, any elephant stories?
1. We did not create XBY.
2. XBY development fund???
Even at the peak it was $800,000 - Do you have any idea of the level of talent we have as contributors of this project? Do you honestly think that $800,000 is enough to build a blockchain development project when other projects raise MILLIONS of ICO dollars and still often come out with nothing?
This is not about graphics as it was when you were around. We have over 40 people working on this project at various times and levels. Do not even try to discredit any of them as you have in the past. They are all more than happy to prove you wrong as we continue to progress.
You are going to find out the end result of this project as it develops, Jack - no matter how much you swear and lie along with the rest of the followers you have managed to manipulate.
Carry on with your game plan guys!
Oh, and PS... We will open the development fund after we are on the new chain and at that point, as always planned, the funds will be used to make sure the entire world knows all about XTRABYTES. What else would a responsible team who created its own funding (without a risky ICO) do with the money we have been saving during our development phase?
