Topic: [NEW XBY ANN] XTRABYTES - BECAUSE THE BLOCKCHAIN CAN BE BETTER - page 247. (Read 371137 times)

I asked in this question in the slack however it was difficult to clarify with a lot of conversation going on at the time.  As had been mentioned at times and pointed out in the most recent video there will at some later date be L2 nodes released - I am interested in the purpose of this as from what I was told there would not be technical differences, merely less upfront cost and less receivable income.

In terms of the quality of the network there is straightforward benefit:  more nodes = among other things further decentralization = better network.  However the purpose behind 'mininodes' I still find somewhat puzzling.  We can consider that by offering a lower price point more nodes will be adopted, this a good thing, however this would come with economic impact to the original, or L1 nodes, eventually deterring investor interest.

At this time the number of nodes is to be fixed to 512.  Under this circumstance we have a limited supply 512 nodes that have the right to receive income from the network - or in other words 500k XBY in a node is of greater value than 500k 'loose' XBY as it is effectively working harder.  The market determines that value by determining that interest rate, accounting for the associated risk, weighing alternate opportunities and eventually offering a flat price.  There is of course opportunity cost associated as the money can't be used for anything else over the duration it is tied up in the node.  To draw a comparison we could say a truck costing $500k being worked to near capacity should have greater economic value than $500k stashed under the mattress, but as long as the money is tied up in the truck it cannot be used to invest elsewhere.

By introducing a secondary tier at, for the sake of simplicity, half the price, it would then be possible to buy two smaller trucks capable of earning half the level of income each.  Like trucks computers or their connections somewhere along the line can and do fail for periods of time, we love decentralization as it addresses this issue.  If we have two then if one truck, or computer were to break down the other is still capable of earning for us.  As we never see an uptime of 100% with trucks or computers alike we can expect if we only have one it will from time to time leave us completely out of pocket, this is something that could be reasonably accurately calculated.  In addition to this a node cannot be partially sold, and like a truck it must be sold whole if it is to serve an identical purpose.  For these reasons I would argue the logical approach from an investment standpoint would be to own two smaller nodes - not only do you have some redundancy in terms of the revenue stream, but also the ability to partially sell off that revenue stream if or when required - greater liquidity.

With what I would consider more attractive nodes introduced at later dates I would suggest this devalues the big 'one piece' L1 nodes, and if we were to introduce L3 down to L20 nodes down the line the L1 begins to look like a significantly riskier behemoth, not only in terms of consistency of revenue but perhaps more importantly liquidity - it would be more difficult to find a buyer and cannot be sold partially vs being able to sell off for example 1/20th of that revenue stream.  In my opinion the more liquid alternative would be the far more desirable option.  We could consider offering some amount of fees to the higher level options which would offset this, but in terms of the quality of the network I do not find logic in offering more money for the same work.

So, I look to challenge my thinking and seek an argument as to why this system would work better than say, just splitting all existing nodes across one level? And why L1 node holders should not have concerns that their investment would economically speaking devalue over time?

Can you fix it inside the video? Otherwise I think that people will lose their sh!t or this simple mistake may be used for INSANE FUD.

it has been brought to my attention that the video contains a mistake. There is no 100k fee to transfer a STaTiC node that is not broken. There can be profit... but no fees other than the transaction fee. The fees are strictly for broken or additional STaTiCs. 

Sorry for the confusion.

Oh, I absolutely understand and I fully support the fact that it goes towards the development team but I personally think that it might be slowly down our momentum. I absolutely understand that this is a long term project but we might miss out on potential investors/customers.

I am just putting this out there.

Whilst it is appreciated you reaching out like this to other companies it would be best to first contact @CCRevolution with your intentions and plan. The fee will be reviewed, as of right now the txfee goes toward the development fund.

This will be fixed in the future. For now this is just to fund the developers/people helping the project. So it's temprorary from what I've understood. And it's not in anyway profitting anyone except for the people who are putting a lot of time into making this project work. So, dont worry about this.

I don't want this to be perceived as FUD but I really wanna address the transaction fee of 100 xtrabytes.


I already contacted two companies which are willing to start using XBY as a payment method for freelance/contracting services but they have an issue with the transaction fee.

This is the fixed YouTube link: https://www.youtube.com/watch?v=jfdT2pTTR_I 

Latest Video Update for the XtraBYtes Community Corporation!

I must apologize ahead of time because I don't like the quality of this video. There is no time right now to redo it though because we are overdue for an update, the community has already been told one is coming and I am scheduled for travel in 90 minutes.

The information is fine, but I can do a much better job of presenting. After this weeks meetings, more of my time will be available to focus on things like this for a better quality presentation.

https://www.youtube.com/watch?v=jfdT2pTTR_I


Thank you all very much for your support, enthusiasm and encouragement!!

Enthusiasm - Comes from 2 Greek words (Enthos and Theos) meaning: The Spirit Within

We have many spirits aligning around XtraBYtes and our Community. It is an honor and privilege to be here with you all.

I'm in good mood today so I will translate for newbies what this troll above is actually saying: "I've already sold at all time high / missed to buy for fragment of current price. Now I want to buy at half price at least so I hope to scare a many newbies as I can so they start selling in fear and I can buy cheap and have greater profit."

how do i become a node?

One big advantage is its getting pumped really hard right now.

there are a few people with more than that

http://xtrabyte.me/nodes

OMG, i saw somebody has more than 20 nodes.

name: Alpha1~Alpha20.

you can dump yours to me if you have some.

Okay, the problem is: I do not know anything about the technology behind cryptocurrencies, I just know that there is a blockchain. So, what are the advantages of XBY to other cryptocoins? It would be nice if you could summarize them in one of your nice pictures for idiots like me. Thank you

And watch this video while you are at it

https://youtu.be/lsyf4zyMu_o

All users. Please read this article : http://xtrabytten.tech/marketing/xtrabytes-moonshot-investment-of-2017/

Think we all know who it is too

LMAO, straight up buddy that guy is clown ... clown sock puppet