Topic: [NEW XBY ANN] XTRABYTES - BECAUSE THE BLOCKCHAIN CAN BE BETTER - page 294. (Read 371156 times)

What the project could really do with is someone who has a certain amount of tech savvy and also knows Borzalems first language and English who can understand and help him write a good White paper.  A concise Whitepaper is what the tech guys look for in the end.


The big whales with money usually do know the tech and why something is great, just saying.

OK, we have your answer:

"online static wallet should contain the private key of the deposit wallet."

This is BAD...

The online static wallet does NOT contain the private key of the deposit wallet.

The online static uses a 100% separated and randomly generated private key. This random private key is generated during registration and this is a very-very long private key.

Thank you!

Thanks for reaching out Martin!

This stuff is all in the works... in fact, one of our Community Members is working on a nice animated introduction and we will do the voice-over ASAP.

Otherwise, I would kindly encourage the experienced traders on Yobit take some time out of their busy day and break free from troll mode for a few hours and come in and educate themselves about what XBY and the XtraBYtes Community Corporation is all about. Probably the best advice they could ever get and after that, as they say, Life is about CHOICES!

I hope you will join us in our Slack?

Have a great day!!

Hello again CCRevolution, thanks again for your time here.

It has occurred to me with these technical questions, that you have two types of investors that appear on most coins.

1) The tech savvy investor who wants to do clever things via nodes, PoSign and whatever else there is.

2) The novice investor who has no idea other than price.

I am more the latter myself, and I think if this project is to go mainstream the majority of investors will be type 2 like me. But I do think the heavy tech puts newer people off because they will not buy into something they don't understand, and also something they think others do understand and have an advantage over them with. I even see some people on Yobit chat who are quite experienced traders, not fully understanding things.

So I propose, is it possible to edit a video explaining (for the novice) what XBY is exactly with an introduction to static nodes and PoSign? You could also mention the simple advantages of buying it as a potential investment with no need to indulge nodes and tech themselves. That is where I believe most people will be interested, especially as there are only 1300 nodes anyway, most will not have them.

But a well presented vid with graphics and sound would make it all less of mystery and everyday people might feel confident buying XBY if they see basically how all these things work.

I realise this sounds like a huge ask considering how busy you are already, but if things are to move forward then I believe marketing is very important.

Also I would include your own voice in any vid as I believe you sound honest and reliable and that would help.

Just my 2 cents worth, but if you know anyone who can throw something together to explain things I believe we will all be better off for it.

Thanks.

How stable is the OSX wallet?

It looks like it has synced but it is just hanging on 'out of sync'?

Thank for your support Fish!! Great to have you on board...

This is just 1 small example of what is happening inside the XtraBYtes Community Corporation. Here we are all working together for a common goal and that is the long term success of our company and coin, XtraBYtes. Anyone is invited... you just need to own some XBY and how much you own is completely your choice. However, at this point everyone has an equal opportunity to purchase enough to set up a STaTiC node and you can do as many of these as you wish also. The only limit is the total coin supply of 650 million XBY, which means that theoretically, it only possible for 1300 STaTiC nodes to exist.

So, thank you for your interest and question, Ghost!

Welcome to the XtraBYtes Community Corporation!

Hi Ghost!  You can register a STaTiC node on the system by following the instructions posted by CCRevolution a few posts above yours in this forum.  Those are the final and complete instructions for registering a node.  You will need 500,100 XBY.  500,000 XBY for the node itself, and 100 XBY for the transaction fee.  You do not have to purchase a STaTiC node.  If you do want one, XBY is still very, very cheap on C-CEX and Yobit exchanges.  Join the XtraBYtes Slack if you have any questions.  And welcome to XtraBYtes!

Thank you for the updated information.  This will make the process much easier for people.  I went through and made sure I had all the backups information by going down the list you created.  Very nice!  Newest update of the wallet is working great.  STaTiC Node is registered.  The community is growing and its a pretty exciting time to get involed with XBY.  If any of you guys have any questions, (I know I did) join the Slack.  Looking forward to new developments and the nodes going online.

Hi all, Just bought my first 100k on C-CEX after reading your site and blog. Is there any way to buy a StaTicNode? I'm a bit confused on how to buy it and how much it would cost. Thanks.

-Ghost

Updated instructions make more sense now.

If I understand correctly, what is a big security risk, is that the online static wallet should contain the private key of the deposit wallet. This negates the purpose of the wallet with the deposit being offline.

Instead, you could suffice with the txid of the transaction. This allows for a check that the deposit is still in the address and that way the online static wallet is totally secure.

Please note that we made an important wallet fix today that requires everyone update their wallet... Please download the wallet from the link below, but do your backup first and also close the wallet to restart it after replacing the old wallet.

https://github.com/borzalom/XtraBYtes/releases/tag/windows-STaTiCpre

Thank you!

Thank you for your interest!

STaTiC is an acronym for Service, Transactions and Trusted in Control.

Therefore, our nodes are first of all Trusted (the are not just random computers creating blocks).

They handle all SERVICES offered on our decentralized super system (storage will be the first application and all other marketable applications will be added over time).

Any and all TRANSACTIONS will come through the nodes and are verified by the PoSign consensus system.

Thus, they are the front line CONTROL of the entire system.

Each STaTiC is treated equally and will therefore receive an EQUAL portion of available revenues that come through the system and this will be allotted after corporate expenses have been paid.

Feel free to join us if you wish...

I posted the updated instructions above.

These are the COMPLETE steps in setting up a STaTiC Node with Windows:
(These instructions are updated and reviewed by Borzalom - these are the final and complete instructions.)

1.) Download XtraBYtes Wallet from the ANN page: https://github.com/borzalom/XtraBYtes/releases/download/windows-STaTiCpre/xtrabytes-qt.exe

              a.) Create a directory, such as XBY wherever you want in your computer. In this example we use the D drive.
              b.) Save the wallet in its own directory (ie. D:\XBY ) [Make whatever path you want, but this example uses this sequence.]
              c.) Run wallet and allow the blockchain to sync [Go to RECEIVE coins and copy-paste your address to notepad.]

BEFORE TRANSFERRING, SAVE THE wallet.dat (from the roaming folder) to any external drive ++ export the private key of the receiving address and print this to paper ( How to export private key with the command window inside of the wallet: Click > Help > Debug Window > Console and in the bottom enter: dumpprivkey addressforreceivingijk8jhyjl0u7y3e ) And remember, paper never has technical issues with security!

              d.) You can transfer spendable coins to this wallet if you have extra (rather than leaving on exchange) [Do Not Send STaTiC Node Coins here if buying the exact amounts because each transfer has a fee of 100 XBY and you will pay extra fees because this is NOT the deposit wallet for the STaTiC node.]
              e.) Close the wallet

This will be your MAIN wallet that you can hold spendable coins in, so its like your MAIN bank account.

Your external drive now contains:
spendable/wallet.dat
Your paper contains:
Address of spendable : xxxxxxxxxxxxxxxxxxxx
Private key of address of spendable: xxxxxxxxxxxxxxxxxx


2.) Creating Deposit Wallet:

              a.) Open cmd window [Start button > Type cmd in Search Programs and Files (click enter)]
              b.) Type the following commands: d: (click enter) cd d:\XBY (click enter)
              c.) Type the following commands: mkdir deposit (click enter) [This just created a new directory called "deposit" in your XBY folder.]
              d.) Type the following commands: xtrabytes-qt.exe -datadir=deposit (click enter) [Now a new version of the XtraBYtes wallet will start and this will be empty (assuming you have coins in your MAIN "spendable" wallet) and therefore it is a completely different wallet.]
              e.) Copy-paste your RECEIVE address (to notepad) and IDENTIFY it as your DEPOSIT wallet.
!!! SAVE PRIVATE KEYS + WALLET just like like section 1.) !!!
              f.) Close the wallet.

Your external drive now contains:
spendable/wallet.dat
deposit/wallet.dat
Your paper contains:
Address of spendable : xxxxxxxxxxxxxxxxxxxx
Private key of address of spendable: xxxxxxxxxxxxxxxxxx
Address of deposit : xxxxxxxxxxxxxxxxxxxx
Private key of address of deposit: xxxxxxxxxxxxxxxxxx

NOTICE - DO NOT CLOSE CMD WINDOW [Unless you want to type all the commands again later.]


3.) Sending XBY to your DEPOSIT Address:

              a.) Go back to your notepad and copy the wallet address which is identified as your DEPOSIT wallet.
              b.) Option 1 - Send exact amount of coins directly from C-CEX to Deposit Address. * Option 2 -Send available coins from SPENDABLE WALLET [original MAIN wallet] to your Deposit wallet.

   Option 1:
              i) Go to C-CEX and do a transfer of 500.100 XBY to the address that is pasted in your notepad [Your DEPOSIT WALLET.]

   Option 2:
              i) Make sure no wallets are open and navigate (normally) to your XBY folder. [not through the cmd options].
              ii) Open MAIN wallet by clicking on the xtrabytes-qt.exe (ICON) in your XBY directory. [Just like you would open any other QT wallet.]
              iii) Send 500.100 to the address pasted in your notepad [Your DEPOSIT WALLET.]
              iv) Exit your MAIN wallet


4.) Registering Your STaTiC Node:

              a.) Go back to the cmd window [if you closed it, start with the initial commands noted above]
              b.) Click the UP arrow on your keyboard and this brings up the last command entered (this saves you typing time) and simply change the last letter of the command. [The last command (if you did not close) was xtrabytes-qt.exe -datadir=deposit and this is your STaTiC-DEPOSIT wallet. Click enter and this will open your Deposit Wallet again and if not already done, you must allow it to sync.]
              c.) You should have 500.100 XBY in this wallet now (If not, you have made a mistake... you MUST have EXACTLY 500.100 XBY) and now you click Register STaTiC node on the TOP bar of the wallet.

Enter the static node name + spendable address before pressing the [Get New Keypairs button ] If filled in then these values also will be copied to the clipboard.

              e.) Next you will see: Friendly name (non-computerized) of STaTiC node and is optional, but suggested. which means you can call your STaTiC node: Henry or Martha or S1... etc. and the spendable wallet is where you can enter the address of your EARNINGS wallet (as opposed to your MAIN) wallet if you wish to keep your SHOCKs (rewards) separate from your MAIN spendable wallet. [In other words, the SHOCKs will default to your MAIN wallet if you do not enter this field.]
              d.) If everything is OK, you will see: Press the [Get New Keypairs] button ! At the bottom left, press the button and then follow the onscreen instructions EXACTLY as they are written... this is for YOUR security.

BEFORE PRESS REGISTER BUTTON PASTE THE CLIPBOARD TO TEXT FILE AND PRINT + SAVE
Your external drive now contains:
spendable/wallet.dat
deposit/wallet.dat
deposit/static-registrationkeys.txt
Your paper contains:
Address of spendable : xxxxxxxxxxxxxxxxxxxx
Private key of address of spendable: xxxxxxxxxxxxxxxxxx
Address of deposit : xxxxxxxxxxxxxxxxxxxx
Private key of address of deposit: xxxxxxxxxxxxxxxxxx
Registration public key: xxxxxxxxxxxxxxxxxx
Registration private key: xxxxxxxxxxxxxxxxxxxx VERY IMPORTANT!!!

              f.) When finished, you click at the bottom right: Register STaTiC node (this is currently disabled during our testing period, so you can do this process several times to make sure you do not make mistakes when it time to actually REGISTER for REAL.
              g.) Next step after this will be to backup your wallet.dat and also go into the: Help > Debug window > Console (of the wallet) and at the bottom you enter dumpprivkey (space - a space, not the words and brackets) and then you enter your Deposit address and click enter. This will give you the private key of the wallet. Better yet: Zip and save the "deposit" folder after confirmation of the registration transaction.
              h.) On a notepad you should have the following: Deposit wallet address, private key from Deposit wallet address, plus the KEYPAIRS created by the STaTiC registration system. This information is GOLD... you MUST print this, also make backup copies on stick and also on the stick you must also save your wallet.dat file. Then you REMOVE this information AND your Deposit wallet from your computer. However, definitely make BACKUPS of of everything now... removal will come after the STaTiC system is launched and live for you.




After registration succes, and you make DOUBLE!!! backups and print all the information to paper,
you don't need the deposit wallet anymore. ( delete it from your computer )
Your coins stay in the cold wallet, not on your computer. No viruses, no hacking etc... your deposited
coins are secure.

How to BREAK YOUR STATIC, and spend the money?
1.) Restore your deposit wallet from backup ( zip-ed and saved to pendrive earlier ) and spend
When you begin spending your deposit the STaTiC automatically breaks.
2.) If you want to use the paper to restore then:
          a.) create empty folder "restore-deposit"
          b.) start xtrabytes-qt.exe -datadir=restore-deposit
          c.) execute importprivkey xxxxxyour-private-key-from-paperxxxxxxxxxxx
               command inside the wallet ( white- command window )
          d.) spend your deposit... and your StaTiC will break


5. Creating STaTiC Node Wallet:

              a.)  In cmd window, type the following commands: mkdir staticnode (click enter) [Please notice the name of the directory now... this is the STaTiC directory "staticnode".]

DEPOSIT is 100% independent now in the cold wallet, saved to disk and printed to paper. This is not
needed anymore, unless someone wants to spend the coins. From now on, we will use the private key that you generated during the registration of the deposit wallet and NOT THE DEPOSIT WALLET PRIVATE KEY. This key a randomly generated different key. If anyone steals this key then you have ability to generate new private-public keypairs

              b.) Type the following commands: xtrabytes-qt.exe -datadir=staticnode (click enter) [Now a new version of the XtraBYtes wallet will start and this will be empty (this will ALWAYS be empty so again, it is a completely different wallet.]
              c.) You do not need the RECEIVE address for this wallet, it will never have coins sent to it.
              d.) Create xtrabytes.conf file inside the staticnode folder add these lines:

rpcuser=very-long-your-secret-username- NOT!!! the REGISTERED STATIC NAME
rpcpassword=extreme-long-supersecret-password
rpcport=34001
rpcbind=127.0.0.1
server=1
daemon=1
listen=1
txindex=1
staticnodeprivatekey=xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
-----------------------------------------------
xxxxx = the very-very long private key as you get until registration process


KEEP YOUR STaTiC NODE ONLINE !!! ALWAYS

Security is of the highest priority with our system and your STaTiC is 100% secure.
If if anyone attacks the STaTiC, it is impossible to steal any valuable data and
there are no coins or reusable keys available...
                                                             
Therefore an attack is extremely expensive and the reward is zero, so this is another
reason why your STaTiC-s are so secure. In other words, a successful attack is
easily repaired and completely pointless in the end.
                                                                     
Some people think it is possible to steal the deposit if someone hacks/cracks/attacks the STaTiC.
It is NOT POSSIBLE TO STEAL THE DEPOSIT because the Deposit and STaTiC are 100% independent
from each other and the deposit is in cold storage.

And remember, This is NOT A TEST SYSTEM... the wallet works, the STaTiC registration system can be completed. So, be careful...


Thank you!!

Thanks for the invite, but I'm not a programmer. Wish I was though!

I value your input and your humorous touch

Why don't you join us in Slack? There is a lot going on right now... all of this is being worked on with the exception of a new exchange because we are thinking it will be better NOT to attract more attention until we get caught up with the whirlwind that has occurred in the last 3 weeks since we were officially able to take over XBY.

Your contributions, insight and humor will go a long way with us.

Thanks for considering!

We are working on getting all this updated right now. Currently we are not doing the STaTiC nodes, only the Deposit Wallets. Today I received the updated instructions from Borzalom and I am working towards getting it posted now.

Are you by chance someone who could assist us with some of the programming tasks? As you can probably see, we have attracted tremendous interest and our community is growing with many contributors, but we do not have any help for Borzalom yet. Please join us in Slack if you would like to get more involved.

Thank you!

At this time is XBY very cheap price ?

Please answer friends 

I think the plan is good right now and the team is doing an excellent job! Some people here just need to be a bit more patient   In 2 weeks when STaTic nodes are all set up and system is running then I think it is perfect time to get on the big exchanges. Quality and functionality are very important so wait until the basic foundation has been laid and then you will see a lot more people getting interested in XBY and join us