Topic: [NEW XBY ANN] XTRABYTES - BECAUSE THE BLOCKCHAIN CAN BE BETTER - page 66. (Read 371132 times)

you can click on coinmarket cap here, https://coinmarketcap.com/all/views/all/

click on trade volume, you are not where near anyone decent coins. who cares about cryptopia

you have  $22,209 trade volume and you are really far down the list, thats not good, but i don't know what i'm talking about? get real? lol..

thats some laughable nonsense right here. $22,209. lol..

thats only $10000 more than PRCoin which is scam coin. lol..funny guy.

Interesting:

When you purchase XBY on an exchange, you are NOT required to pay the transaction fee.  


I did.  Others did.  So the blanket statement of nobody is an incorrect one.  Perhaps, you should say, "I won't buy it with that size transaction fee."  Remember as well, that the tx fees go to a special address that is to be used for development funding.  A long term holder and believer in the project needs to send 1 tx to a personal wallet from an exchange. A trader who conducts business on one exchange pays zero transaction fees because they are not moving the coins.  

Node holders voted on the amount some time ago, and it was clearly discussed that at some point, the fee could be changed.  There are no issues at this time with the transaction fee.  Maybe it deterred YOU from trading, though I don't see why.  It has been explained numerous times in the last 30 mins.

In other news:  Looks like there are some good things happening.  All this tx fee talk is a red herring anyways  

The plan is actually to have a scaled fees system, there will not be a set amount and transfer between 2 known wallets (friends for example) may be set to ZERO. We will see when the time comes but for now, getting the system online is top priority.

Look, you really do not know what you are talking about. The fees for trading are normal fees charged by the exchanges. The higher fees are ONLY for moving to the external wallets. A person can trade all day long, moving thousands or millions of coins and pay normal fees. Then, at the end of the day, they move their coins offline for 50 XBY and yes Cryptopia added 25 on top... But this is ONLY for transfer to wallet. Eventually, these transactions fees for external wallets are being reduced.

I'm pretty sure that once things start rolling out for XBY the transaction fee will be set as a % like 0.5% or something, it won't be what it currently is forever lol

by having it so high you are stopping already functioning business from implementing your coin.
anything else is irrelevant. you can bang on about you are doing, all day long, but thats not helping growth, because to help growth you have to make the currency realistic in the now.

Problem is that your entire conversation is off the mark because you are trying to compare something that is completely incomparable. But, thats fine. You think whatever you want. Anyone doing their due diligence is a long term holder and are quite fine to wait while we continue working on the tech and they know (as you have also just been told) that the fees will be reduced later.  

you are taking 75 coins apparently it's gone up, it's ridiculous, if you want to be serious idea it should be way less. it's not going to drive price having it so high, it's not in relation to bitcoin that matters it matters how much the coin exchanges for, if you buy coins and send coins buy something, you have to tipple the amount lost in-case you have to send it to new exchanges or cash out. so you make 3 transactions you'd have to put the price up by 75 x 3. because thats extra coins to do business, thats not attractive to set up a business use the coins.

it's not a practical way to use a coin. it makes no sense. the is no point in saying this is the bitcoin price so we must charge this amount. it's such a irrelevant way of looking at any situation.

it's lunatic nonsense

all the other things they say is nonsense as well. people are happy to use what they want to use. they don't want to use Xtrabytes otherwise the price would be doing better. it's not.

the evidence backs my point not his.

Please answer me this:

How much does it cost to move $10,000 worth of BTC?

How much does it cost to move $10,000 worth of XBY?

It costs $0.70 for XBY and will be completed very quickly, whats the answer for BTC and how long does it take?

no it's all about the price you are taking for your currency. thats what it's about. i'm not blowing off steam, what a fool. nothing to do with this, it's about the charge for your coin when exchanged, thats to high for everyone if bitcoin was created with that high a charge nobody would of bought it. same goes for this coin. nobody will buy it with a high charge. it's obvious. anything you say is not relevant to this fact, nothing at all.

what you are saying is not relevant as long as you take that many coins.

if bitcoin was taking 75 coins off people at the very start they would never of bought it.

Actually, its completely relevant and show you are just blowing off steam here... You do not even realize that this is a different tech.

Let me make it easy for you:

When a miner wins at Bitcoincash, what do they get? Correct... they get Bitcoincash coins...

We don't have available coins here at XBY... our fees are what keeps our FAR SUPERIOR network of STATIC miners online and in the long run, you will see this. But, you need to do your homework first.

People seriously complaining about a $0.70 transaction charge when moving XBY from an exchange to a wallet when it is done extremely quickly and securely for ANY amount of XBY?

How much would BTC charge to move $10,000 worth of BTC and how long would it take?

I don't think this guy understands how transaction fees work with XBY, I think he thinks the charge is 50XBY per 1XBY moved so if you moved 1000XBY you would pay 50000XBY in fees lol

The fees will be reduced in time once there is enough stuff ready to do one big wallet update as mentioned previously last time their was a wallet update Yobit took months to update it locking everyones XBY on their exchange.

Are you really arguing about tx fees as a major reason for this coin to be a bad coin? I don't think you are a trader because if you were you wouldn't be whining about a few pennies here and there. And you say it is irrelevant what CCRevolution said. How is it irrelevant if it directly addresses your concerns? Maybe your concerns are irrelevant then?

no it's about number of coins kept not current price "it's flawed" you are just another fool who can't see it effects trade volume.

your the one who's flawed. it's not about how much it currently costs, it's not about this at all. you clown.

you charge to much in your coin meaning they cannot keep the coin when it rises they lose out on more value. making it less attractive to purchase less attractive to trade, less attractive to use as a currency.

get to grips with the reality of psychological it has on people. you don't understand psychology if you did, you'd lower the price now.

run by idiots.

Seethevalue, your argument is flawed.

1. Bitcoin Cash is a POW coin, and coins are minted by miners, who often times, sell their coins on the market (not like Bitcoin Cash needs any liquidity at this point)

2. Most traders do not even move their coins to a personal wallet, they might move them between exchanges, but saying that a transaction fee will deter people from trading?  The tx fee of XBY is much cheaper than BTC.  Traders just buy low and sell high.  I'm a trader man.  And I couldn't care less about a coins transaction fee, especially if I never intend to hold the coins or keep them in a personal wallet in the first place   I moved my XBY to my wallets and there it stays.

3. New XBY coins are not minted in any way.  Now, you may have an argument there, as no coins are created from POW or POS mining to facilitate selling to create volume.  That should be your argument.  I can see how keeping nodes would deter from trading, precisely because there are no coins minted by keeping a STATIC.  That will change when node holders are given transaction fees and are paid by acting as service providers.  It will happen.  Just not at this time.  Lowering transaction fee would do nothing.  If you are griping about a 75 XBY transaction fee on Cryptotopia but are sending BTC in and out for a 0.00100000 fee than you have nothing to complain about.  Or, just  sell everything you want to move to DOGE and withdraw that way  

it should be 0.1 at most. not 1. it should be 0.01 probably right now, the way he replied clearly shows he's a fool. he did not say anything on how he will increase trade volume thats some high denial right here, i'd suggest putting it at 50 has certainly suppressed growth of this coin.

i'd put it personally at .0001

Agree when lower fee more trading more cash in..1 XBY fee is best roght now
Examples:you got 1000 transactions at 50XBY but if its lower to 1XBY it may drive
Up to 1000000 per day include the price increase guess which
Way is better..vote for lower fee at 1XBY

thats irrelevant the price is clearly to high, because you don't create trade incentive, nobody cares about all that, if you are not willing to lower the price to increase volume of trade, it's all about trade. thats what everything comes down to. how much trade flows. trade is the driver of everything.  

bitcoin cash creates a high trade, incentive to trade. you don't.

you might have a good coin if you created a high trade incentive you don't, therefore what you said here is irrelevant, highly irrelevant. nobody cares if the is no trade incentive.  

@Seethevalue

There are factors you are leaving out, such as the fact that there are changes coming but will not do that at this time because its a major update to the wallet and the last time we did an update it took about 2 months for Yobit to get us back online and Cryptopia about 2 weeks. The next change we make will have all factors considered.

Aside from that, please do us all a favor and make a direct comparison to how Bitcoincash or whatever other Bitcoin clone you wish to choose pays their miners and secures their network, to how we do things here at XBY. Then also make a comparison to the level of security offered and all the other critical elements that are often flaws with Bitcoin clones. This will help us all understand if you actually know the XTRABYTES technology or not. Seems you know something and perhaps your opinions are very good for people to read and listen to. But, lets make sure you have done your XBY homework first.

Thank you

The person who made the comment about bacteria clearly a fool,

because he would make more from trade volume increasing. clearly cannot project the future wants a high price for coin exchanged and cannot see past his own greed, to understand less is more. but never mind, his node holding would balance out the loss, by the price rise.
but fools will fools, and greedy ones often lose out from being to greedy.

simple truth is a trade volume increase would make you more cash in the long run and a price rise would even it out. by having the price high is suppressing trade volume. obviously these clowns don't factor in trade volume in the equation because they are to short sighted.

notice how the is no mention of trade volume in his post, because they have not factored any increase in by dropping the price of exchange, it's a miss-take having it high in the first place.

if you want to increase adoption, you set it low no matter what and if you want to drive price , by setting the price lower you increase adoption, therefore increase trade volume and trade volume is where you make the cash.

they don't want to increase trade volume so they want to make little cash. they make no sense.
the only sense they make is to themselves and their own low expectations, due to their agenda of not lowering it, because they create the situation to keep the coin low, and have already done some serious damage by introducing the idea in the first place.

if they don't quickly lower the cost of coins, then they clearly show they do not understand what it takes to drive trade and increase volume.