Whatever you do people don't sell. There is some serious suppression of price desperately trying to hold the price down to accumulate. Very soon the price will catapult back. Don't lose your coins to them.
It takes sellers to hold the price down. Certain people are sniping sell orders in large blocks every once in a while.. that's how my orders for 333 and 320 sats got filled. People claim manipulation but nobody is putting a gun to people's heads forcing them to sell at these levels. Once these people stop selling, there will be room to move the bid higher. Thanks for the somewhat cheap xtrabytes, by the way.
NEM/XEM is already a pretty secure blockchain, but from what I've seen this is probably more secure yet, though it's questionable whether that security is needed, but nonetheless NEM is trading at a little bit higher of a marketcap, so there's room in one's portfolio for both coins. :\
On another note, I think it's smart not to release the full source code of a coin... if a coin is really good, like NEM, they'd be better off considering the code as part of their intellectual property, or a "trade secret" and give just enough code out to let people know it's safe to use, but outside of that what good does it do releasing the full source code which lets people use it and make clone coins? This is kind of what Ripple did, and their success does show....
You're right but what i was warning people is not to believe the market moves at face value. One trader on yobit has already admitted to be working with 3 others and 7.5btc to move the market which is so easy with such a thin vol. In the end I dont care, markets can work themselves out I guess im defensive as most people are of coins they own and believe in. Its not the trading that annoys me its listening to the bullshit that comes with it. People deserve maybe to lose their coins if they are convinced 1-3 btc buys and sells that ramp up or dump this market are any indication of real value.
Yeah NEM as a POS coin has tackled the problem of attacked nodes but their description suggests its not 100% but an attempt as minimizing the issue. Heres how I look at it, even if the likely hood of a coin being attacked is .01% if you have a method that is 0% what would people use in the future when you need absolutes be it cloud storage. Gov records or the nuclear codes? Obviously extreme examples but you get my point, people will always choose the ultimate system available even if there is an element of psychology involved.
Please trust me on this crypto world hate anything that is not open source, if we dont the backlash would kill it. First mover is a huge advantage. Maybe some element could be patented like the services on top of of base coin...but i dunno.
This is a something that I have spent a great deal of time thinking about recently and I think it would be wise for us to come together as a community to reach an agreement before we take too many leaps forward. My view is more in line with dissident on this one. If XtraBytes turns out to be even half as groundbreaking as it is setting itself up to be, it doesn’t make sense to me from a business standpoint for us not to take whatever steps we can to protect our vested interests.
Kubrick has a solid point with regard to first-mover advantage, but I constantly look around in this space and I see so many goddamn pirates all over the place doing whatever they can just to turn a profit. If we leave ourselves open I am concerned that there will be many others who will try to tack features atop xby, rebrand it, and try to pass it all off as their own creation. Moreover, what’s to stop a much larger, more organized and well-funded company from coming across this project and doing the same exact thing: dumping their resources on an alternate and making it more accessible to the masses faster than we can keep up? We can all attest to the fact that more and more companies than ever before are finally beginning to give crypto serious consideration for its real-world capabilities. I would hate to see some company recognize the value that a 100% secure node network offers for cloud computing, as you mentioned in an example, and then rip us off for their own self-interests.
Not to make this entirely too long-winded, but this reminded me of an experience that may be fairly relevant: A few years back I befriended a programmer who was working on a startup with a remarkable approach to network security. Similar to how we have seen Borz coding like a madman on this project, I watched her build an unbelievable system in just a matter of weeks. When it came to securing investors, however, she ran into a brick wall because there was no way for her to protect the IP of the system she had built. This wasn’t to say she wasn’t a gifted programmer (two years later she would be recruited to serve our benevolent overlords at Google) but it was impossible to get the project adequate support without a way to ensure that the system could keep its competitive advantages.
I put all of this forward for your consideration while acknowledging that I am still new to this technology myself, and perhaps I have misunderstood exactly what you had in mind when you said it would be open source, but I believe that the more we can protect ourselves, the better off we will be in the long run.
