Topic: [NEW XBY ANN] XTRABYTES - BECAUSE THE BLOCKCHAIN CAN BE BETTER - page 344. (Read 371139 times)

OK, great! Borzalom will likely be in touch directly for this (I am assuming). But we will see once he gets back online again... He was here an hour ago and gave me some insight for posting, which I just completed above.

OK, did a quick image to display more clearly what STaTiC Nodes is the acronym for:

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Now, why would you want to become a STaTiC Node?

Well, many reasons, but let's talk about money:

Right now, with prices still at 1 satoshi, you can become a STaTiC Node for just over $12 USD. You will need 1 million XBY coins transferred to your wallet, plus an extra 201 XBY for the necessary transactions required to become properly registered on the network.

So, now let's assume for a moment that the market price for XBY rises to 200 sats (we believe it can go much higher) but let's just use that figure for now. What you end up with is a STaTiC Node that is worth $2400 USD (if the price of Bitcoin remained at $1200). So, this is a very good investment when you consider the low price and also the limited supply of XBY that gets further limited by each STaTiC Node that registers.

More important information to understand the power of XtraBYtes:

What we are setting up here is a TRUSTED network that people will have confidence in. These nodes will accept/deny transactions and they will also store data, etc. This is a more reliable system than other P2P Networks because they use unknown and "un-trusted" peers and we use ONLY trusted and known peers.

On top of this AND HERE IS THE KICKER - The STaTiC Nodes will have VALUE because the public keys will be changeable and therefore, they are marketable....

In other words, you can sell or buy STaTiC Nodes, which means a person does not have to put the coins into circulation if they wish to cash out. They can sell the node to a waiting buyer.

See where we are going with this??

I would like to test, alltho i need to compile the source on my own because i run my wallet on the raspberry pi.

Yes and I can imagine there was a time that people though Bitcoin was also weird.

They See Risks
We See Opportunities
Major difference between the 3% and 97%

Hello Onnz! Yes, once he has everything set up and working properly we will be able to complete the white paper.

Volume is definitely nice but the 1 sat will not remain. I am about to create a post regarding XBY pricing and how the STaTiC Nodes are a fantastic investment.

Have a great day!

The new XtraBYtes wallets were loaded last night and initial testing has shown to be successful. Borzalom wants to do more testing before he will make the files available on Github and if anyone would like to participate in the testing, please comment below and we will notify you with instructions. Once he is satisfied everything is working properly, we will update the wallet links on the ANN so everyone can download.

My own testing has shown that both wallets will display the same transactions. For example: I saved my wallet.dat file from the Bitmox wallet (after I closed it) and then downloaded and ran the new XtraBYtes wallet. After it synced, I closed the wallet again and replaced the wallet.dat file with the one from the Bitmox wallet. After starting the XtraBYtes wallet again I did a test transaction and it worked fine. Then I closed the XtraBYtes wallet and re-opened the Bitmox wallet to see if the transaction was there and sure enough it was. So, that part is fine and I completed that test by deleting all the Bitmox wallet files. This leave me with ONLY the XtraBYtes wallet and the original wallet.dat file which contains all my coins and transactions to date.

This is the second weird coin that i see after LiZi coin with Proof of Image Contest 

The incoming whitepaper is going to include information about this?
Also nice to see some volume on c-cex too. Only 0.1BTC left on 1 sat.

Yes, this is a new concept for a newly invented algorithm (invented by Barzolom, our programmer and developer). XtraBYtes will not have POW or POS mining for verification's, we will be using Proof of Signature (PoSign) which creates a stable, low maintenance (bandwidth/resources) method of verifying transactions. There are also no new coins being minted or mined and therefore rewards need to be created. Those rewards come from the 100 XBY fee for each transaction and these fees are distributed to the STaTiC Nodes as payment for their contribution to the XtraBYtes network. Those fees of course go back in to circulation when the node owners decide to sell their XBY or use them to pay for the future services.

Thank you for your interest in XtraBYtes!

Have a great day!

100 XBY transaction fee, that is alot

Thank again! This is exactly what we are doing

Hello EbenTheva! Thank you for all your kind words, you too are appreciated and welcome to XtraBYtes!!

We totally agree on the new name and description of our Nodes... Classy and Cool

There are no limits on an individuals STaTiC Nodes and this will do 2 key things:

• Stabilizes and strengthens the network
• Takes coins out of circulation, thus increasing demand and prices

Any sort of limit will be a naturally occurring limit because there are only 650 million XBY in existence. The odds of having exactly 650 STaTiC Nodes is not conceivable because there will be many people holding a few thousand or a few hundred thousand coins. There will always be circulation of coins also because again, it is not conceivable for people not to take profit at a point where they are happy and wish to close a STaTiC Node and bid us all farewell on the XtraBYtes Platform!

With all that said and knowing that: myself, Borzalom and you, along with a couple others I know of so far all have STaTiC Node Clusters. Also knowing that there will be others and many individual STaTiC Nodes, in the end, if we end up with 300 nodes, this would leave only 350 million XBY in circulation. There could be less, there could be more...

All in all, it looks like a good plan to me and provided Borzalom puts together a highly attractive product (I don't doubt he will), then we will all be very happy down the road for many years to come...

Very impressive comparison..Looks very promising if you could stay focused and on track. Trust you will and I have obeyed the saying, "put your money where your mouth is"

Hello CCRevolution,  Love the idea of changing the name from MasterNode to STaTiC. Sounded too dashy before...Now it's classy!!
Would love to become a multi STaTiC owner. You have not placed any limits..(read through the 4 pages..didn't find any reference to it) Will await to hear from you about the process. Very excited to hear that you are on it. Appreciate the dedication to the cause and the entrepreneurial spirit you possess.

IMPORTANT UPDATE!

For anyone wanting to be a STaTiC Node (Master Node), we have just realized that the transaction fees must also be covered and there will be a need for 1 additional "technical coin".

Therefore, anyone in the future who will buy "just enough" coins, you must purchase 1,000,201 because the process will go as follows:

1. Transfer coins out of C-CEX (cost 100 XBY)
2. Transfer 1 coin to special registration address (cost 100 XBY)

More instructions will come when this starts to occur, but I just wanted to post this after seeing someone who bought exactly 1,000,100 XBY.

Also, for anyone who has already purchased for their STaTiC Node and has just enough, please PM me your address with the 1,000,000 XBY and I will send you the extra XBY required.

That information will be forth coming. It has not been posted yet, so you did not miss anything. However, if you start with the first post, you will see what has happened here and why we are knocking things off the checklist as we go. It was less than 5 days ago that we got confirmation that we had secured everyone's initial investments and since then:

1. New forum topic (you are on it)
2. New domain and basic website http://xtrabytes.club
3. Over 2000 reads on the forum in less than 48 hours, along with 4 pages of questions and answers so far.
4. Some new images created
5. Wallets are being reconfigured with proper artwork and names to reflect XtraBYtes instead of Bitmox
6. Masternode name changed to STaTiC Node for a more accurate reflection of what our master nodes will be doing.

So, everything is in our heads (mostly Borzalom's) regarding the white paper and configuration of the nodes at this point, but this info will be made available asap. I believe some testing will be starting at any point. Now he is working on updating the wallets...

Hope that helps!!

Thank you for your interest!

Can you provide more information about how the protocol works?  whitepaper?

How does the masternode setup work?  etc?

if this info was above and I missed it, I apologize.

This is an opportunity for people to get involved at low prices. No need to manipulate things... It will be fine.

Some people want out... that is OK. New people who like our vision will come in and these are the people we wish to have involved.

Thank you for your input!

Thank you very much and welcome to XtraBYtes!!

I think, need swap ... Very big orders for sell ...