I agree with PTowner that xfuel release is an indirect way of diluting initial shares. the most obvious case to be made is the fact I can use xfuel for part of an XBY node
Regardless how you'd like to word it or justify it, the shares are definitely being indirectly diluted
I get what you are saying I really do and it was my initial concern. But firstly you got to balance that with the project will now be funded properly and we are at such a low MC anyway the potential moves XBY will make eventually is insignificant. But this is what you are missing..
Yes if Xfuel is used fro nodes then it technically can mean more XBY would be in circulation and not in nodes
BUT and this is a big
BUT you got to get your head around. The plan is now to have
MORE nodes i.e. LV3 nodes. So actually in balance the circulating supply long term actually
went down not up. Try to get your head around the fact that XFuel will never be part of XBY supply. All that has happened is
MORE NODES and less
XBY NEEDED for the
MORE NODES. So essentially you just spread XBY across more potentially smaller nodes that are more numerous.
Get back to me with more questions when you get this simple logic.
An even simpler idea. If nodes now IF DESIRED can have a little bit of say another alt coin like DASH or ETH in the node but they made more nodes would that affect the demand for XBY?
Its like saying If another coin comes to the crypto market then it will affect the supply of XBY....nonsense.
thanks for responding.
feel free to word it however you like but it's a dilution. what's stopping someone from breaking down there node at anytime to cashout? I can see you make a debate that if the nodes are somehow locked in then the circulation is lower, if not, there's nothing stopping people from breaking down there nodes and selling as they please.
I plan to still hold all my XBY but the xfuel addition is disheartening
goodluck XBY
There was nothing stopping people to break Statics to begin with, from the start it was possible to break Statics whenever you want. So the coins aren't really locked, best would be to sell the Static but there are always reasons why people will break it.
About your concerns that XFUEL is diluting XBY, that is completely not true. People holding XFUEL can do 2 things at the moment, use it for Statics or sell it for XBY.
The way you are using dilution here is in the purest meaning of the word, the team didn't create more XBY but came up with another token to get funds without damaging XBY. If they would of created more XBY then you would of been right. XFUEL is paired only with XBY, this means if someone wants to cash out on XFUEL they need to trade it for XBY first and you can't have a Static without XBY so demand for XBY stays.
The only "dilution" i see here is that because more nodes can be created by using XFUEL it will take longer to be at max Statics cap. But the result will always be the same as what the team intended to do from the start and that is to have a big portion of XBY "locked" into Statics. This so called dilution will make the network much stronger by the way.
XFUEL is really a great idea when you think carefully about it because it generates funds for dev, it gives people that don't have enough money a chance to get a Static (earn xfuel and buy xby, combine them to start one), make it possible to create more Statics to strengthen the network and surely there are more benefits.
Ofcourse sometimes demand for XBY will be lower when XFUEL is cheaper because people will want to have a Static as cheap as possible but there will come a moment that XBY will become harder to get and the value will surely go up. Demand for XBY will always be there because it is the "blood"of the platform.
