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Topic: [NEW XBY ANN] XTRABYTES - BECAUSE THE BLOCKCHAIN CAN BE BETTER - page 11. (Read 371157 times)

member
Activity: 392
Merit: 10
Quote
The time has come sooner than expected. We are officially reducing the transaction fee to 1 XBY.

Posting on this page for emphasis. This is a huge deal.  As many community members, investors, etc have wanted this for quite some time . . especially given the price of BTC and the price of XBY.

The attached email in CCR's post puts the ball in Cryptopia's court for updating the wallet. There are now literally thousands of investors who will blow up their channels if they do not comply with the request.

This is, imo, the best news right now, fee reduction . . glad that this is happening.

Yes, but for a mainstream use the fees should be reduced in a percentual mode, I don’t like fixed transaction fees
hero member
Activity: 656
Merit: 501
XBY - New Tech Coin (POSIGN) xtrabytes.global
Can we stop quoting these enormous posts, it's extremely difficult to read.

And choosing the name FishFishFishy, while a boardmember is called FishFishFish sounds a bit fishy to me. Your posts are already getting a lot more sophisticated and have better arguments. If you would also use your main account for posting, I would actually take your serious  Wink



Yes that is true. FishFishFishy u shouldnt use this nickname. U did it because u know one of our board member is FishFishFish...
This kind of accounts should be banned and reported because some of new members will think it is same person. :/ Not nice at all.
sr. member
Activity: 546
Merit: 252
Quote
The time has come sooner than expected. We are officially reducing the transaction fee to 1 XBY.

Posting on this page for emphasis. This is a huge deal.  As many community members, investors, etc have wanted this for quite some time . . especially given the price of BTC and the price of XBY.

The attached email in CCR's post puts the ball in Cryptopia's court for updating the wallet. There are now literally thousands of investors who will blow up their channels if they do not comply with the request.

This is, imo, the best news right now, fee reduction . . glad that this is happening.
sr. member
Activity: 602
Merit: 255
When be possible configured a level3 static node?

I read all the 512 level1 node (500.000 each) has been filled, so 256 million coins are locked?

No, the 512 Level 1 nodes that are filled are for the TESTNET. No real coins are in the TESTNET.

When STATIC registration opens, there will be a major announcement and no mistaking that we are creating the real STATIC network for mainnet.

Thank you!

member
Activity: 392
Merit: 10
When be possible configured a level3 static node?

I read all the 512 level1 node (500.000 each) has been filled, so 256 million coins are locked?
full member
Activity: 560
Merit: 113
Thanks for the update and reducing the transaction fee. I think a lot of people are going to be very pleased with that!  Smiley
full member
Activity: 560
Merit: 113
Can we stop quoting these enormous posts, it's extremely difficult to read.

And choosing the name FishFishFishy, while a boardmember is called FishFishFish sounds a bit fishy to me. Your posts are already getting a lot more sophisticated and have better arguments. If you would also use your main account for posting, I would actually take your serious  Wink

sr. member
Activity: 602
Merit: 255



MAJOR ANNOUNCEMENT

To our entire XTRABYTES Community,

The time has come sooner than expected. We are officially reducing the transaction fee to 1 XBY. That’s right, 1 XBY.

How did this happen before the XCITE release?

As you know, we have been dealing with a code issue over the last few days on the XBY chain. After extensive testing and various fixes, it has been determined that the best way to eliminate this issue with the old chain (which we must remain on for now) is to remove the POW coding and go 100% PoSign.

The issue is being caused by the POW backup code which we chose to leave on the chain while PoSign was being tested and rather than getting into the technical details, we will just explain what is happening right now:

1. All deposits and withdrawals must be stopped to ensure that your coins are not locked where you don't want them to be.

2. Exchanges have been notified to stop all deposits and withdrawals for the same reason.

3. Exchanges have been asked to make a quick update to avoid the long delays we faced last time.

4. After the update, we will have XBY running in a similar way to XFUEL, with a series of STATIC nodes (these are not the STATIC nodes with deposits, they are hardcoded, temporary STATICS on the old chain) and there will not be any other tech on the chain moving forward - only PoSign.

We did not want to update the wallet because as many of you know, we lost a tremendous amount of time on the last update. However, we are faced with this critical update and it has been decided that we will make all the updates simultaneously.

So, again:

POW is being removed and the XBY transaction fee is being reduced to 1 XBY.

There may be some delays before all the exchanges have updated their wallets, but this is the request we have made to them thus far:

Subject: ***Critical*** Major Wallet Update for XBY - Pre-Execution Warning

Hello Cryptopia,

***Please reply when you have read this and are ready to proceed***

We hope this letter finds you well and that 2018 has started off great for you!

XTRABYTES has come to a point of a mandatory wallet update and we wanted to reach out to you quickly so that we can work together and prepare for an immediate switch to the new version. We know wallet updates can sometimes be a challenge and preparing like this to minimize downtime is in both of our best interests.

We are in a major growth phase currently and this is not a convenient update for us, but we have no choice due to a bug in the code and therefore, this is mandatory. We do however believe our update will help us maintain our Top 10 ranking on Cryptopia, so this is why we wanted to contact you directly with an explanation and thereby do this change over properly.

Wallet Version: This will be communicated at execution time.
GitHub Link: This will be communicated at execution time.
Mandatory or Optional: Mandatory
Special Information: We are reducing our transaction fee to 1 XBY and will, therefore, ask you to remove any extra transaction fees also. Thank you!

Thank you in advance for your full cooperation!

Please let us know when you are ready and we will push the updates for your immediate access and we will begin the change over in unison.

At this time PLEASE DISABLE ALL DEPOSITS AND WITHDRAWALS while we prepare.

Yours Truly,
XTRABYTES

----------------------------------------------


Once Borzalom has the new code ready we will email them again with the GitHub link and wallet version number so they can complete the work on their end.

We expect this to be resolved shortly.

Thank you for your patience!

CCRevolution




newbie
Activity: 23
Merit: 0
fishyfishfisha You post good questions there, I think it's best if you submit your questions at https://[Suspicious link removed]/forms/VUpxi415yn8sChn12 and follow the 777 Q&A.

I can post there as well, but I truly feel like these concerns should be made more public to help ensure the validation of the project. By having these questions answered, it can not only help to protect against FUD but can help the project grow and it can help the price (as a by-product) to grow due to investment potential. I feel like the main issue is that all of the answers being provided feels vague or tends to avoid allowing investors to validate what's being done. I truly do feel like the tech can be revolutionary, but if the mainnet (which is tantamount to the supply reduction being reduced) won't be online to much later this year or even another year, it could wither investor confidence. The issue with the patent numbers is that they're publicly available information that would not compromise the identity of anyone in the project while at the same time assuring future investors and can be provided by the developers similar to how other projects has been done.

As for CCR, you mentioned that you have submitted them, I apologize, sorry. But I meant to say that when the patents were submitted, there should have been a confirmation number received that could be searched. Do you know the confirmation number.

As for FUD, it is not. I have been trying to gather validation of the project and I did not mean to make you or anyone else mad. I've been trying to figure out how the deployment process would work.

But as for registering the business, you mentioned that it would be in Canada in your other post correct? Or would it be in the USA, Hungary or another country?

I'm sorry again but no I am not trying to spread FUD, i'm trying to get answers to the deployment process, but the more I ask, the more answers became vague or the developers become angry :/
Please quote the post where CCR has mentioned that the business will be registered in Canada or any other country.

Oh wait, sorry yeah I reread it, it was suggested by another member a few posts up (he mentioned that CCR lived in Canada, so I assumed it would be in Canada). I'm still getting up for the morning so I apologse. But um, i'm mostly curious about the patent and company registration. From the sound of it, it's still being written, and that it won't be submitted for quite sometime. So does this mean that the company registration hasn't been done and that the CMC won't be reduced to much later this year / next year?

http://www.ericksonlawgroup.com/law/patents/patentfaq/how-long-does-it-take-to-get-a-patent/

He mentioned that it was still in the writing process, so I looked up this (i'm not sure if it's in the USA or which country it's been drafting in, but this is for my home country). According to this website "If we receive all the information about your invention before we start drafting your invention, on average it will take between two to four weeks to draft the application for your review". So that means that the patent could be sent off around mid-January? But wouldn't that still allude to it being quite a bit of time until the mainnet release? And ultimately the company registration not being able to be submitted until much later this year?

Without the mainnet being able to be deployed until the patent that's being written is submitted and the company registration subsequently being submitted, is there a way to receive validation of the deployment of the mainnet?

^ ^ ^ This is all designed to cause Fear, Uncertainty and Doubt ^ ^ ^

P.S - I'm a MBA (Business Major) / MSCS (Comp sci) in Virginia (my homeland in the US). So my views are probably a little based on that as well, but I do wish to see this project succeed.

You claim to be well educated.  I have posted and answered your questions clearly already as best as they can be answered at this time. Thank you!

You are now being ignored by me and I suggest the entire community ignores you also because you are trying to spread false news and misinformation in an attempt to drive the price down and cause people to sell. The official post is above.

IGNORE

But why are you ignoring me for asking a question, isn't that kinda mean? :/

I'm not trying to cause you any problems, i'm just curious CCR. But um, I can try to be more direct instead of posting in various paragraphs. Do you know  when the patents will be submitted? and the company registration?

And no, i've been a long-time supporter of this project since around October. You might not believe this but your project was the several projects that I had faith in besides ethereum (I invested in alot of altcoins before, namely kitteh coin, anicoin, EGC, ethereum and a few others). I've just been curious and I don't really intend to sell, but I just needed some answers from the developers. Can you please help me figure this out?

I'll try...
As I was the one who wrote  "This post can be great example to difference between FUD and valid concerns/questions that are shared with community in civilized and non offensive way. "  as reply to your post sadly one of the few times in my life when I ask to take my words back.
You seems to be very intelligent' knowledgeable and very... thorough in your question. But you in very "weird" way managed to overlook ALL answers to your questions and moreover, when you admitted of overlooking simultaneously you raised more question which ALREADY BEEN ANSWERED in conversation with YOURSELF few minutes before.
This kind of behavior puts in doubt your true motives and your last posts indeed answer to definition of FUD " FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear "
( must admit it's much more polite than usual and that personally I prefer this kind of FUD on "this is scum!" type posts as it more... sophisticated... but sadly hey... FUD is FUD so I understand indeed why CCR chose to stop this waste of time when you even don't bother to read/understand answers you receive and as it can be seen from your behavior only spread doubt and fear in people who didn't read few posts back when your concerns were addressed and this is like endless loop of wasting time that considering your motives is pointless.

My personal opinion of course which I got from reading your posts.

Well, I guess the only thing I can do is wait and see how it turns out. I really am not trying to spread FUD. But was just curious about the mainnet release. Again, I apologise if I bothered you. I'll submit for the 777 as well.
sr. member
Activity: 260
Merit: 250
fishyfishfisha You post good questions there, I think it's best if you submit your questions at https://[Suspicious link removed]/forms/VUpxi415yn8sChn12 and follow the 777 Q&A.

I can post there as well, but I truly feel like these concerns should be made more public to help ensure the validation of the project. By having these questions answered, it can not only help to protect against FUD but can help the project grow and it can help the price (as a by-product) to grow due to investment potential. I feel like the main issue is that all of the answers being provided feels vague or tends to avoid allowing investors to validate what's being done. I truly do feel like the tech can be revolutionary, but if the mainnet (which is tantamount to the supply reduction being reduced) won't be online to much later this year or even another year, it could wither investor confidence. The issue with the patent numbers is that they're publicly available information that would not compromise the identity of anyone in the project while at the same time assuring future investors and can be provided by the developers similar to how other projects has been done.

As for CCR, you mentioned that you have submitted them, I apologize, sorry. But I meant to say that when the patents were submitted, there should have been a confirmation number received that could be searched. Do you know the confirmation number.

As for FUD, it is not. I have been trying to gather validation of the project and I did not mean to make you or anyone else mad. I've been trying to figure out how the deployment process would work.

But as for registering the business, you mentioned that it would be in Canada in your other post correct? Or would it be in the USA, Hungary or another country?

I'm sorry again but no I am not trying to spread FUD, i'm trying to get answers to the deployment process, but the more I ask, the more answers became vague or the developers become angry :/
Please quote the post where CCR has mentioned that the business will be registered in Canada or any other country.

Oh wait, sorry yeah I reread it, it was suggested by another member a few posts up (he mentioned that CCR lived in Canada, so I assumed it would be in Canada). I'm still getting up for the morning so I apologse. But um, i'm mostly curious about the patent and company registration. From the sound of it, it's still being written, and that it won't be submitted for quite sometime. So does this mean that the company registration hasn't been done and that the CMC won't be reduced to much later this year / next year?

http://www.ericksonlawgroup.com/law/patents/patentfaq/how-long-does-it-take-to-get-a-patent/

He mentioned that it was still in the writing process, so I looked up this (i'm not sure if it's in the USA or which country it's been drafting in, but this is for my home country). According to this website "If we receive all the information about your invention before we start drafting your invention, on average it will take between two to four weeks to draft the application for your review". So that means that the patent could be sent off around mid-January? But wouldn't that still allude to it being quite a bit of time until the mainnet release? And ultimately the company registration not being able to be submitted until much later this year?

Without the mainnet being able to be deployed until the patent that's being written is submitted and the company registration subsequently being submitted, is there a way to receive validation of the deployment of the mainnet?

^ ^ ^ This is all designed to cause Fear, Uncertainty and Doubt ^ ^ ^

P.S - I'm a MBA (Business Major) / MSCS (Comp sci) in Virginia (my homeland in the US). So my views are probably a little based on that as well, but I do wish to see this project succeed.

You claim to be well educated.  I have posted and answered your questions clearly already as best as they can be answered at this time. Thank you!

You are now being ignored by me and I suggest the entire community ignores you also because you are trying to spread false news and misinformation in an attempt to drive the price down and cause people to sell. The official post is above.

IGNORE

But why are you ignoring me for asking a question, isn't that kinda mean? :/

I'm not trying to cause you any problems, i'm just curious CCR. But um, I can try to be more direct instead of posting in various paragraphs. Do you know  when the patents will be submitted? and the company registration?

And no, i've been a long-time supporter of this project since around October. You might not believe this but your project was the several projects that I had faith in besides ethereum (I invested in alot of altcoins before, namely kitteh coin, anicoin, EGC, ethereum and a few others). I've just been curious and I don't really intend to sell, but I just needed some answers from the developers. Can you please help me figure this out?

I'll try...
As I was the one who wrote  "This post can be great example to difference between FUD and valid concerns/questions that are shared with community in civilized and non offensive way. "  as reply to your post sadly one of the few times in my life when I ask to take my words back.
You seems to be very intelligent' knowledgeable and very... thorough in your question. But you in very "weird" way managed to overlook ALL answers to your questions and moreover, when you admitted of overlooking simultaneously you raised more question which ALREADY BEEN ANSWERED in conversation with YOURSELF few minutes before.
This kind of behavior puts in doubt your true motives and your last posts indeed answer to definition of FUD " FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear "
( must admit it's much more polite than usual and that personally I prefer this kind of FUD on "this is scum!" type posts as it more... sophisticated... but sadly hey... FUD is FUD so I understand indeed why CCR chose to stop this waste of time when you even don't bother to read/understand answers you receive and as it can be seen from your behavior only spread doubt and fear in people who didn't read few posts back when your concerns were addressed and this is like endless loop of wasting time that considering your motives is pointless.

My personal opinion of course which I got from reading your posts.
newbie
Activity: 23
Merit: 0
fishyfishfisha You post good questions there, I think it's best if you submit your questions at https://[Suspicious link removed]/forms/VUpxi415yn8sChn12 and follow the 777 Q&A.


I can post there as well, but I truly feel like these concerns should be made more public to help ensure the validation of the project. By having these questions answered, it can not only help to protect against FUD but can help the project grow and it can help the price (as a by-product) to grow due to investment potential. I feel like the main issue is that all of the answers being provided feels vague or tends to avoid allowing investors to validate what's being done. I truly do feel like the tech can be revolutionary, but if the mainnet (which is tantamount to the supply reduction being reduced) won't be online to much later this year or even another year, it could wither investor confidence. The issue with the patent numbers is that they're publicly available information that would not compromise the identity of anyone in the project while at the same time assuring future investors and can be provided by the developers similar to how other projects has been done.

As for CCR, you mentioned that you have submitted them, I apologize, sorry. But I meant to say that when the patents were submitted, there should have been a confirmation number received that could be searched. Do you know the confirmation number.

As for FUD, it is not. I have been trying to gather validation of the project and I did not mean to make you or anyone else mad. I've been trying to figure out how the deployment process would work.

But as for registering the business, you mentioned that it would be in Canada in your other post correct? Or would it be in the USA, Hungary or another country?

I'm sorry again but no I am not trying to spread FUD, i'm trying to get answers to the deployment process, but the more I ask, the more answers became vague or the developers become angry :/
Please quote the post where CCR has mentioned that the business will be registered in Canada or any other country.

Oh wait, sorry yeah I reread it, it was suggested by another member a few posts up (he mentioned that CCR lived in Canada, so I assumed it would be in Canada). I'm still getting up for the morning so I apologse. But um, i'm mostly curious about the patent and company registration. From the sound of it, it's still being written, and that it won't be submitted for quite sometime. So does this mean that the company registration hasn't been done and that the CMC won't be reduced to much later this year / next year?

http://www.ericksonlawgroup.com/law/patents/patentfaq/how-long-does-it-take-to-get-a-patent/

He mentioned that it was still in the writing process, so I looked up this (i'm not sure if it's in the USA or which country it's been drafting in, but this is for my home country). According to this website "If we receive all the information about your invention before we start drafting your invention, on average it will take between two to four weeks to draft the application for your review". So that means that the patent could be sent off around mid-January? But wouldn't that still allude to it being quite a bit of time until the mainnet release? And ultimately the company registration not being able to be submitted until much later this year?

Without the mainnet being able to be deployed until the patent that's being written is submitted and the company registration subsequently being submitted, is there a way to receive validation of the deployment of the mainnet?

^ ^ ^ This is all designed to cause Fear, Uncertainty and Doubt ^ ^ ^

P.S - I'm a MBA (Business Major) / MSCS (Comp sci) in Virginia (my homeland in the US). So my views are probably a little based on that as well, but I do wish to see this project succeed.

You claim to be well educated.  I have posted and answered your questions clearly already as best as they can be answered at this time. Thank you!

You are now being ignored by me and I suggest the entire community ignores you also because you are trying to spread false news and misinformation in an attempt to drive the price down and cause people to sell. The official post is above.

IGNORE

But why are you ignoring me for asking a question, isn't that kinda mean? :/

I'm not trying to cause you any problems, i'm just curious CCR. But um, I can try to be more direct instead of posting in various paragraphs. Do you know  when the patents will be submitted? and the company registration?

And no, i've been a long-time supporter of this project since around October. You might not believe this but your project was the several projects that I had faith in besides ethereum (I invested in alot of altcoins before, namely kitteh coin, anicoin, EGC, ethereum and a few others). I've just been curious and I don't really intend to sell, but I just needed some answers from the developers. Can you please help me figure this out?

All i've understood from the official post is that the patents and company registrations hasn't been submitted yet, is why I needed you or another developer to clear it up for me about when the main-net and the CMC reduction would be deployed.

I feel like my education is a tad bit irrelevant to the conversation, but http://www.vsu.edu/academics/degree-programs.php
This is the last university I went to. I had a 3.82 in the business program here. Though i'm not sure if it helps to post it. The problem isn't with education or price though, the problem is that I haven't been able to validate my concerns about the submission / deployment process.
I've also went here for one of my undergraduate degrees, I can post my student ID number if you wish, they should still have it in the system. https://www.columbiasouthern.edu (though I still don't feel that my education is a valid concern)
https://vt.edu/ (I went here in 1998)

Please let me know if you can help, I would really appreciate it. And again, i didn't mean to offend you.
sr. member
Activity: 602
Merit: 255
fishyfishfisha You post good questions there, I think it's best if you submit your questions at https://[Suspicious link removed]/forms/VUpxi415yn8sChn12 and follow the 777 Q&A.


I can post there as well, but I truly feel like these concerns should be made more public to help ensure the validation of the project. By having these questions answered, it can not only help to protect against FUD but can help the project grow and it can help the price (as a by-product) to grow due to investment potential. I feel like the main issue is that all of the answers being provided feels vague or tends to avoid allowing investors to validate what's being done. I truly do feel like the tech can be revolutionary, but if the mainnet (which is tantamount to the supply reduction being reduced) won't be online to much later this year or even another year, it could wither investor confidence. The issue with the patent numbers is that they're publicly available information that would not compromise the identity of anyone in the project while at the same time assuring future investors and can be provided by the developers similar to how other projects has been done.

As for CCR, you mentioned that you have submitted them, I apologize, sorry. But I meant to say that when the patents were submitted, there should have been a confirmation number received that could be searched. Do you know the confirmation number.

As for FUD, it is not. I have been trying to gather validation of the project and I did not mean to make you or anyone else mad. I've been trying to figure out how the deployment process would work.

But as for registering the business, you mentioned that it would be in Canada in your other post correct? Or would it be in the USA, Hungary or another country?

I'm sorry again but no I am not trying to spread FUD, i'm trying to get answers to the deployment process, but the more I ask, the more answers became vague or the developers become angry :/
Please quote the post where CCR has mentioned that the business will be registered in Canada or any other country.

Oh wait, sorry yeah I reread it, it was suggested by another member a few posts up (he mentioned that CCR lived in Canada, so I assumed it would be in Canada). I'm still getting up for the morning so I apologse. But um, i'm mostly curious about the patent and company registration. From the sound of it, it's still being written, and that it won't be submitted for quite sometime. So does this mean that the company registration hasn't been done and that the CMC won't be reduced to much later this year / next year?

http://www.ericksonlawgroup.com/law/patents/patentfaq/how-long-does-it-take-to-get-a-patent/

He mentioned that it was still in the writing process, so I looked up this (i'm not sure if it's in the USA or which country it's been drafting in, but this is for my home country). According to this website "If we receive all the information about your invention before we start drafting your invention, on average it will take between two to four weeks to draft the application for your review". So that means that the patent could be sent off around mid-January? But wouldn't that still allude to it being quite a bit of time until the mainnet release? And ultimately the company registration not being able to be submitted until much later this year?

Without the mainnet being able to be deployed until the patent that's being written is submitted and the company registration subsequently being submitted, is there a way to receive validation of the deployment of the mainnet?

^ ^ ^ This is all designed to cause Fear, Uncertainty and Doubt ^ ^ ^

P.S - I'm a MBA (Business Major) / MSCS (Comp sci) in Virginia (my homeland in the US). So my views are probably a little based on that as well, but I do wish to see this project succeed.

You claim to be well educated.  I have posted and answered your questions clearly already as best as they can be answered at this time. Thank you!

You are now being ignored by me and I suggest the entire community ignores you also because you are trying to spread false news and misinformation in an attempt to drive the price down and cause people to sell. The official post is above.

IGNORE
newbie
Activity: 23
Merit: 0
fishyfishfisha You post good questions there, I think it's best if you submit your questions at https://[Suspicious link removed]/forms/VUpxi415yn8sChn12 and follow the 777 Q&A.


I can post there as well, but I truly feel like these concerns should be made more public to help ensure the validation of the project. By having these questions answered, it can not only help to protect against FUD but can help the project grow and it can help the price (as a by-product) to grow due to investment potential. I feel like the main issue is that all of the answers being provided feels vague or tends to avoid allowing investors to validate what's being done. I truly do feel like the tech can be revolutionary, but if the mainnet (which is tantamount to the supply reduction being reduced) won't be online to much later this year or even another year, it could wither investor confidence. The issue with the patent numbers is that they're publicly available information that would not compromise the identity of anyone in the project while at the same time assuring future investors and can be provided by the developers similar to how other projects has been done.

As for CCR, you mentioned that you have submitted them, I apologize, sorry. But I meant to say that when the patents were submitted, there should have been a confirmation number received that could be searched. Do you know the confirmation number.

As for FUD, it is not. I have been trying to gather validation of the project and I did not mean to make you or anyone else mad. I've been trying to figure out how the deployment process would work.

But as for registering the business, you mentioned that it would be in Canada in your other post correct? Or would it be in the USA, Hungary or another country?

I'm sorry again but no I am not trying to spread FUD, i'm trying to get answers to the deployment process, but the more I ask, the more answers became vague or the developers become angry :/
Please quote the post where CCR has mentioned that the business will be registered in Canada or any other country.

Oh wait, sorry yeah I reread it, it was suggested by another member a few posts up (he mentioned that CCR lived in Canada, so I assumed it would be in Canada). I'm still getting up for the morning so I apologse. But um, i'm mostly curious about the patent and company registration. From the sound of it, it's still being written, and that it won't be submitted for quite sometime. So does this mean that the company registration hasn't been done and that the CMC won't be reduced to much later this year / next year?

http://www.ericksonlawgroup.com/law/patents/patentfaq/how-long-does-it-take-to-get-a-patent/

He mentioned that it was still in the writing process, so I looked up this (i'm not sure if it's in the USA or which country it's been drafting in, but this is for my home country). According to this website "If we receive all the information about your invention before we start drafting your invention, on average it will take between two to four weeks to draft the application for your review". So that means that the patent could be sent off around mid-January? But wouldn't that still allude to it being quite a bit of time until the mainnet release? And ultimately the company registration not being able to be submitted until much later this year?

Without the mainnet being able to be deployed until the patent that's being written is submitted and the company registration subsequently being submitted, is there a way to receive validation of the deployment of the mainnet?
sr. member
Activity: 392
Merit: 250
fishyfishfisha You post good questions there, I think it's best if you submit your questions at https://[Suspicious link removed]/forms/VUpxi415yn8sChn12 and follow the 777 Q&A.


I can post there as well, but I truly feel like these concerns should be made more public to help ensure the validation of the project. By having these questions answered, it can not only help to protect against FUD but can help the project grow and it can help the price (as a by-product) to grow due to investment potential. I feel like the main issue is that all of the answers being provided feels vague or tends to avoid allowing investors to validate what's being done. I truly do feel like the tech can be revolutionary, but if the mainnet (which is tantamount to the supply reduction being reduced) won't be online to much later this year or even another year, it could wither investor confidence. The issue with the patent numbers is that they're publicly available information that would not compromise the identity of anyone in the project while at the same time assuring future investors and can be provided by the developers similar to how other projects has been done.

As for CCR, you mentioned that you have submitted them, I apologize, sorry. But I meant to say that when the patents were submitted, there should have been a confirmation number received that could be searched. Do you know the confirmation number.

As for FUD, it is not. I have been trying to gather validation of the project and I did not mean to make you or anyone else mad. I've been trying to figure out how the deployment process would work.

But as for registering the business, you mentioned that it would be in Canada in your other post correct? Or would it be in the USA, Hungary or another country?

I'm sorry again but no I am not trying to spread FUD, i'm trying to get answers to the deployment process, but the more I ask, the more answers became vague or the developers become angry :/
Please quote the post where CCR has mentioned that the business will be registered in Canada or any other country.
newbie
Activity: 23
Merit: 0



The Correct Perspective

In an effort to protect our new community members from the rampant FUD, we have decided to post the full and correct perspective of XTRABYTES to remove any doubts some may have in our mission.

Overview
XTRABYTES technology is being built from scratch and this is the biggest difference we offer from other current blockchain solutions. We are not another clone coin. We use a newly developed algorithm called Proof of Signature that was invented by Borzalom, our Lead Developer and Co-Founder of XTRABYTES.

In addition to PoSign we have the VITALS and PULSE which are the other parts of the technology that allow PoSign to work on a global scale. These factors combined are what make up the Zoltchain, a unique and proprietary blockchain solution aimed to be released after a series of rigorous system tests have been completed. It should come as no surprise that we are aiming to revolutionize the crypto world with a better, faster, scalable and more secure technology.

We will perfect our tech internally with our own developers and we will ensure that the tech is not exploitable. Satoshi Nakamoto did not have that luxury at his disposal and the industry grew as it did as a result. However, the open source system he released Bitcoin on has its flaws and we will utilize the best of both worlds to ensure we bring a sound solution for the crypto world through our XTRABYTES platform and the decentralized team development system we will utilize.

Business Registration
Registering the XTRABYTES Ltd business is the first step in securing the patents and establishing our company and brand as a household name. Although we aimed to complete this application during the holiday week, it proved to be more time consuming than expected. When we receive news regarding our registration, you will be the first to be notified and we will have an extra surprise announcement in store when that happens.

Also, for those of you claiming the registration will take a long period of time, you are assuming we are registering XTRABYTES Ltd as a US company. That is not the case and you will be made aware of where we are registered when the process is finalized.  

Patents
Patent descriptions are being written (we have 2 so far) and the work is ongoing. We are in discussions with an international IP law firm that will ensure accuracy and thorough patent protection. Although we cannot provide specific dates, the good news is that we do not need to have the actual patents before we can move forward with the technology. A ‘Patent Pending’ status is sufficient because it is a matter of ensuring that the patent office knows this is OUR work and not someone else's. Therefore, we cannot release the tech publicly (testnet or otherwise, closed source included) until we get the ‘Patent Pending’ status. Beyond that, if required, we will remain closed source with the patented tech until the patent is finalized.

Summary
XTRABYTES is not going to be successful because of Business Registration or Patents, these are just formalities to protect you and your XTRABYTES. It will be successful because of our TECHNOLOGY and the amazing Community you have helped build from the ground up.


With that said, let’s keep this journey going and make XTRABYTES the crypto platform of the future!  

Yours truly,
CCRevolution


PS.

We’ve had great progress in preparing the testnet over the past couple of days. Borzalom, alongside our team of developers are nearly complete with the necessary protocols to run the 512 nodes and another 1024 level 2 nodes have been made available. We will be updating those who registered with next steps and further instructions will include a text / video tutorial of how to setup your node and how to use the testnet PLUS your individual Private / Public Key Pairs. For those of you that did not get to sign up, please visit the #testnet channel and let us know if you want to help.





Thanks for the update! But as I understand it, from the sound of things, the mainnet still won't be able to be launched for quite some time right? Even though the registration is in Canada, wouldn't there still be alot of red tape to run through which would eventually lead to the delay and CMC reduction being quite some time in the future or which stage of the process are you currently at?

Also unfortunately, I still have some questions regarding the patent number. You mentioned that there are two different patents, when the patents were applied for, there should be confirmation numbers that were given to be publicly searchable on the Canadian version of the website. I tried reaching out to some of the developers on discord (as suggested) and I wasn't able to get a concrete answer / answers were refused.

http://www.ic.gc.ca/opic-cipo/cpd/eng/search/number.html (this is the Canadian version)

If you could release the number, it could help assure alot of investors without hurting the project or even compromising the anonymity of the developers. It could also help to bring in a strong influx of participants to this project (and this could not only help the price skyrocket from the influx, but add to the stress-test for the upcoming testnet / mainnet in the future to truly demonstrate it's effects under stress / heavy usage). If it's okay, would you be willing to post the number so that we would be able to validate it's submission? (it will show the status of the patent(s) submission and the current stage of the process).

As for the company, do you have an ETA or do you know what the current stage of the submission process is? (or just an average for when it will be registered?). This concerns me because you mentioned that it was time consuming which feels like it could be a red-tape issue associated with it which is why I was curious.

Unfortunately, I haven't been able to find any sort of validation after researching into the concerns for more than 8 hours which is why I was hoping that you could clarify the issues surrounding it's deployment.



At least for patent part you got your answer.
"Patent descriptions are being written (we have 2 so far) and the work is ongoing. We are in discussions with an international IP law firm that will ensure accuracy and thorough patent protection"

If patent still has not been submitted I think patent number for your/our inspection simply can not be provided as it simply does not exist yet, don't you agree?

Ah wait wait, I think I understand. I apologise If I got this incorrect, but when it's mentioned that the patent descriptions are being written, um does that mean that they have not been submitted? From what I can understand from the post so far, he's working with an international law firm (IP) to write the patents. But to submit the patents they have to be written first, so in general, it's still in the first stage of development? And then after they are written, they will be submitted and the confirmation can be obtained? So that ultimately means that the patent will not be submitted until later this year?

(Also no answers about the company registration and I am still curious about that as well. If the patents are tantamount to the registration of the company, doesn't that mean that the company registration has not been submitted yet?). And this means that both the patent and company registration hasn't fully been started and can't be submitted?

As an investor, i'm trying to get some clarity into the whole process of the deployment of the mainnet and the CMC reduction. But if the patents hasn't been written and the company registration hasn't been submitted, it seems like it could be years or more is why I'm concerned.

I'm sorry if i'm bothering you guys or anyone else, but the issue is that none of this is adding up from both my research and asking questions about the project. That's why I needed the developers to clear this up for me if it's okay.
sr. member
Activity: 260
Merit: 250



The Correct Perspective

In an effort to protect our new community members from the rampant FUD, we have decided to post the full and correct perspective of XTRABYTES to remove any doubts some may have in our mission.

Overview
XTRABYTES technology is being built from scratch and this is the biggest difference we offer from other current blockchain solutions. We are not another clone coin. We use a newly developed algorithm called Proof of Signature that was invented by Borzalom, our Lead Developer and Co-Founder of XTRABYTES.

In addition to PoSign we have the VITALS and PULSE which are the other parts of the technology that allow PoSign to work on a global scale. These factors combined are what make up the Zoltchain, a unique and proprietary blockchain solution aimed to be released after a series of rigorous system tests have been completed. It should come as no surprise that we are aiming to revolutionize the crypto world with a better, faster, scalable and more secure technology.

We will perfect our tech internally with our own developers and we will ensure that the tech is not exploitable. Satoshi Nakamoto did not have that luxury at his disposal and the industry grew as it did as a result. However, the open source system he released Bitcoin on has its flaws and we will utilize the best of both worlds to ensure we bring a sound solution for the crypto world through our XTRABYTES platform and the decentralized team development system we will utilize.

Business Registration
Registering the XTRABYTES Ltd business is the first step in securing the patents and establishing our company and brand as a household name. Although we aimed to complete this application during the holiday week, it proved to be more time consuming than expected. When we receive news regarding our registration, you will be the first to be notified and we will have an extra surprise announcement in store when that happens.

Also, for those of you claiming the registration will take a long period of time, you are assuming we are registering XTRABYTES Ltd as a US company. That is not the case and you will be made aware of where we are registered when the process is finalized.  

Patents
Patent descriptions are being written (we have 2 so far) and the work is ongoing. We are in discussions with an international IP law firm that will ensure accuracy and thorough patent protection. Although we cannot provide specific dates, the good news is that we do not need to have the actual patents before we can move forward with the technology. A ‘Patent Pending’ status is sufficient because it is a matter of ensuring that the patent office knows this is OUR work and not someone else's. Therefore, we cannot release the tech publicly (testnet or otherwise, closed source included) until we get the ‘Patent Pending’ status. Beyond that, if required, we will remain closed source with the patented tech until the patent is finalized.

Summary
XTRABYTES is not going to be successful because of Business Registration or Patents, these are just formalities to protect you and your XTRABYTES. It will be successful because of our TECHNOLOGY and the amazing Community you have helped build from the ground up.


With that said, let’s keep this journey going and make XTRABYTES the crypto platform of the future!  

Yours truly,
CCRevolution


PS.

We’ve had great progress in preparing the testnet over the past couple of days. Borzalom, alongside our team of developers are nearly complete with the necessary protocols to run the 512 nodes and another 1024 level 2 nodes have been made available. We will be updating those who registered with next steps and further instructions will include a text / video tutorial of how to setup your node and how to use the testnet PLUS your individual Private / Public Key Pairs. For those of you that did not get to sign up, please visit the #testnet channel and let us know if you want to help.





Thanks for the update! But as I understand it, from the sound of things, the mainnet still won't be able to be launched for quite some time right? Even though the registration is in Canada, wouldn't there still be alot of red tape to run through which would eventually lead to the delay and CMC reduction being quite some time in the future or which stage of the process are you currently at?

Also unfortunately, I still have some questions regarding the patent number. You mentioned that there are two different patents, when the patents were applied for, there should be confirmation numbers that were given to be publicly searchable on the Canadian version of the website. I tried reaching out to some of the developers on discord (as suggested) and I wasn't able to get a concrete answer / answers were refused.

http://www.ic.gc.ca/opic-cipo/cpd/eng/search/number.html (this is the Canadian version)

If you could release the number, it could help assure alot of investors without hurting the project or even compromising the anonymity of the developers. It could also help to bring in a strong influx of participants to this project (and this could not only help the price skyrocket from the influx, but add to the stress-test for the upcoming testnet / mainnet in the future to truly demonstrate it's effects under stress / heavy usage). If it's okay, would you be willing to post the number so that we would be able to validate it's submission? (it will show the status of the patent(s) submission and the current stage of the process).

As for the company, do you have an ETA or do you know what the current stage of the submission process is? (or just an average for when it will be registered?). This concerns me because you mentioned that it was time consuming which feels like it could be a red-tape issue associated with it which is why I was curious.

Unfortunately, I haven't been able to find any sort of validation after researching into the concerns for more than 8 hours which is why I was hoping that you could clarify the issues surrounding it's deployment.



At least for patent part you got your answer.
"Patent descriptions are being written (we have 2 so far) and the work is ongoing. We are in discussions with an international IP law firm that will ensure accuracy and thorough patent protection"

If patent still has not been submitted I think patent number for your/our inspection simply can not be provided as it simply does not exist yet, don't you agree?
newbie
Activity: 23
Merit: 0
fishyfishfisha You post good questions there, I think it's best if you submit your questions at https://[Suspicious link removed]/forms/VUpxi415yn8sChn12 and follow the 777 Q&A.


I can post there as well, but I truly feel like these concerns should be made more public to help ensure the validation of the project. By having these questions answered, it can not only help to protect against FUD but can help the project grow and it can help the price (as a by-product) to grow due to investment potential. I feel like the main issue is that all of the answers being provided feels vague or tends to avoid allowing investors to validate what's being done. I truly do feel like the tech can be revolutionary, but if the mainnet (which is tantamount to the supply reduction being reduced) won't be online to much later this year or even another year, it could wither investor confidence. The issue with the patent numbers is that they're publicly available information that would not compromise the identity of anyone in the project while at the same time assuring future investors and can be provided by the developers similar to how other projects has been done.

As for CCR, you mentioned that you have submitted them, I apologize, sorry. But I meant to say that when the patents were submitted, there should have been a confirmation number received that could be searched. Do you know the confirmation number.

As for FUD, it is not. I have been trying to gather validation of the project and I did not mean to make you or anyone else mad. I've been trying to figure out how the deployment process would work.

But as for registering the business, you mentioned that it would be in Canada in your other post correct? Or would it be in the USA, Hungary or another country?

I'm sorry again but no I am not trying to spread FUD, i'm trying to get answers to the deployment process, but the more I ask, the more answers became vague or the developers become angry :/
sr. member
Activity: 602
Merit: 255



The Correct Perspective

In an effort to protect our new community members from the rampant FUD, we have decided to post the full and correct perspective of XTRABYTES to remove any doubts some may have in our mission.

Overview
XTRABYTES technology is being built from scratch and this is the biggest difference we offer from other current blockchain solutions. We are not another clone coin. We use a newly developed algorithm called Proof of Signature that was invented by Borzalom, our Lead Developer and Co-Founder of XTRABYTES.

In addition to PoSign we have the VITALS and PULSE which are the other parts of the technology that allow PoSign to work on a global scale. These factors combined are what make up the Zoltchain, a unique and proprietary blockchain solution aimed to be released after a series of rigorous system tests have been completed. It should come as no surprise that we are aiming to revolutionize the crypto world with a better, faster, scalable and more secure technology.

We will perfect our tech internally with our own developers and we will ensure that the tech is not exploitable. Satoshi Nakamoto did not have that luxury at his disposal and the industry grew as it did as a result. However, the open source system he released Bitcoin on has its flaws and we will utilize the best of both worlds to ensure we bring a sound solution for the crypto world through our XTRABYTES platform and the decentralized team development system we will utilize.

Business Registration
Registering the XTRABYTES Ltd business is the first step in securing the patents and establishing our company and brand as a household name. Although we aimed to complete this application during the holiday week, it proved to be more time consuming than expected. When we receive news regarding our registration, you will be the first to be notified and we will have an extra surprise announcement in store when that happens.

Also, for those of you claiming the registration will take a long period of time, you are assuming we are registering XTRABYTES Ltd as a US company. That is not the case and you will be made aware of where we are registered when the process is finalized.  

Patents
Patent descriptions are being written (we have 2 so far) and the work is ongoing. We are in discussions with an international IP law firm that will ensure accuracy and thorough patent protection. Although we cannot provide specific dates, the good news is that we do not need to have the actual patents before we can move forward with the technology. A ‘Patent Pending’ status is sufficient because it is a matter of ensuring that the patent office knows this is OUR work and not someone else's. Therefore, we cannot release the tech publicly (testnet or otherwise, closed source included) until we get the ‘Patent Pending’ status. Beyond that, if required, we will remain closed source with the patented tech until the patent is finalized.

Summary
XTRABYTES is not going to be successful because of Business Registration or Patents, these are just formalities to protect you and your XTRABYTES. It will be successful because of our TECHNOLOGY and the amazing Community you have helped build from the ground up.


With that said, let’s keep this journey going and make XTRABYTES the crypto platform of the future!  

Yours truly,
CCRevolution


PS.

We’ve had great progress in preparing the testnet over the past couple of days. Borzalom, alongside our team of developers are nearly complete with the necessary protocols to run the 512 nodes and another 1024 level 2 nodes have been made available. We will be updating those who registered with next steps and further instructions will include a text / video tutorial of how to setup your node and how to use the testnet PLUS your individual Private / Public Key Pairs. For those of you that did not get to sign up, please visit the #testnet channel and let us know if you want to help.





Thanks for the update! But as I understand it, from the sound of things, the mainnet still won't be able to be launched for quite some time right? Even though the registration is in Canada, wouldn't there still be alot of red tape to run through which would eventually lead to the delay and CMC reduction being quite some time in the future or which stage of the process are you currently at?

Also unfortunately, I still have some questions regarding the patent number. You mentioned that there are two different patents, when the patents were applied for, there should be confirmation numbers that were given to be publicly searchable on the Canadian version of the website. I tried reaching out to some of the developers on discord (as suggested) and I wasn't able to get a concrete answer / answers were refused.

http://www.ic.gc.ca/opic-cipo/cpd/eng/search/number.html (this is the Canadian version)

If you could release the number, it could help assure alot of investors without hurting the project or even compromising the anonymity of the developers. It could also help to bring in a strong influx of participants to this project (and this could not only help the price skyrocket from the influx, but add to the stress-test for the upcoming testnet / mainnet in the future to truly demonstrate it's effects under stress / heavy usage). If it's okay, would you be willing to post the number so that we would be able to validate it's submission? (it will show the status of the patent(s) submission and the current stage of the process).

As for the company, do you have an ETA or do you know what the current stage of the submission process is? (or just an average for when it will be registered?). This concerns me because you mentioned that it was time consuming which feels like it could be a red-tape issue associated with it which is why I was curious.


These are not good questions. This is called intelligent FUD.

1. You are still assuming you know where we are registering the business. I have clearly said we will give this information later.

2. Where do you see that we have said that we HAVE REGISTERED patents??

This is FUD... Ignore this person because he/she will continue to twist things around to cause doubt.

If this is NOT FUD, then I suggest you start reading carefully before you start posting this FUD you are sharing with our community.

Thank you

This is a new account, sock-puppet... Ignore this person and any other new accounts because even though they may seem intelligent, they are designed to cause Fear, Uncertainty and Doubt - aka. FUD.

We do not expect any delays added to our releases as a result of us protecting XTRABYTES.

Clear enough?
newbie
Activity: 23
Merit: 0



The Correct Perspective

In an effort to protect our new community members from the rampant FUD, we have decided to post the full and correct perspective of XTRABYTES to remove any doubts some may have in our mission.

Overview
XTRABYTES technology is being built from scratch and this is the biggest difference we offer from other current blockchain solutions. We are not another clone coin. We use a newly developed algorithm called Proof of Signature that was invented by Borzalom, our Lead Developer and Co-Founder of XTRABYTES.

In addition to PoSign we have the VITALS and PULSE which are the other parts of the technology that allow PoSign to work on a global scale. These factors combined are what make up the Zoltchain, a unique and proprietary blockchain solution aimed to be released after a series of rigorous system tests have been completed. It should come as no surprise that we are aiming to revolutionize the crypto world with a better, faster, scalable and more secure technology.

We will perfect our tech internally with our own developers and we will ensure that the tech is not exploitable. Satoshi Nakamoto did not have that luxury at his disposal and the industry grew as it did as a result. However, the open source system he released Bitcoin on has its flaws and we will utilize the best of both worlds to ensure we bring a sound solution for the crypto world through our XTRABYTES platform and the decentralized team development system we will utilize.

Business Registration
Registering the XTRABYTES Ltd business is the first step in securing the patents and establishing our company and brand as a household name. Although we aimed to complete this application during the holiday week, it proved to be more time consuming than expected. When we receive news regarding our registration, you will be the first to be notified and we will have an extra surprise announcement in store when that happens.

Also, for those of you claiming the registration will take a long period of time, you are assuming we are registering XTRABYTES Ltd as a US company. That is not the case and you will be made aware of where we are registered when the process is finalized.  

Patents
Patent descriptions are being written (we have 2 so far) and the work is ongoing. We are in discussions with an international IP law firm that will ensure accuracy and thorough patent protection. Although we cannot provide specific dates, the good news is that we do not need to have the actual patents before we can move forward with the technology. A ‘Patent Pending’ status is sufficient because it is a matter of ensuring that the patent office knows this is OUR work and not someone else's. Therefore, we cannot release the tech publicly (testnet or otherwise, closed source included) until we get the ‘Patent Pending’ status. Beyond that, if required, we will remain closed source with the patented tech until the patent is finalized.

Summary
XTRABYTES is not going to be successful because of Business Registration or Patents, these are just formalities to protect you and your XTRABYTES. It will be successful because of our TECHNOLOGY and the amazing Community you have helped build from the ground up.


With that said, let’s keep this journey going and make XTRABYTES the crypto platform of the future!  

Yours truly,
CCRevolution


PS.

We’ve had great progress in preparing the testnet over the past couple of days. Borzalom, alongside our team of developers are nearly complete with the necessary protocols to run the 512 nodes and another 1024 level 2 nodes have been made available. We will be updating those who registered with next steps and further instructions will include a text / video tutorial of how to setup your node and how to use the testnet PLUS your individual Private / Public Key Pairs. For those of you that did not get to sign up, please visit the #testnet channel and let us know if you want to help.





Thanks for the update! But as I understand it, from the sound of things, the mainnet still won't be able to be launched for quite some time right? Even though the registration is in Canada, wouldn't there still be alot of red tape to run through which would eventually lead to the delay and CMC reduction being quite some time in the future or which stage of the process are you currently at?

Also unfortunately, I still have some questions regarding the patent number. You mentioned that there are two different patents, when the patents were applied for, there should be confirmation numbers that were given to be publicly searchable on the Canadian version of the website. I tried reaching out to some of the developers on discord (as suggested) and I wasn't able to get a concrete answer / answers were refused.

http://www.ic.gc.ca/opic-cipo/cpd/eng/search/number.html (this is the Canadian version)

If you could release the number, it could help assure alot of investors without hurting the project or even compromising the anonymity of the developers. It could also help to bring in a strong influx of participants to this project (and this could not only help the price skyrocket from the influx, but add to the stress-test for the upcoming testnet / mainnet in the future to truly demonstrate it's effects under stress / heavy usage). If it's okay, would you be willing to post the number so that we would be able to validate it's submission? (it will show the status of the patent(s) submission and the current stage of the process).

As for the company, do you have an ETA or do you know what the current stage of the submission process is? (or just an average for when it will be registered?). This concerns me because you mentioned that it was time consuming which feels like it could be a red-tape issue associated with it which is why I was curious.

Unfortunately, I haven't been able to find any sort of validation after researching into the concerns for more than 8 hours which is why I was hoping that you could clarify the issues surrounding it's deployment.

member
Activity: 84
Merit: 11
Yes!
HODL and on to the moon
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