Topic: [NEW XBY ANN] XTRABYTES - BECAUSE THE BLOCKCHAIN CAN BE BETTER - page 91. (Read 371132 times)

I agree this is exactly what this coin needs.  It's mature and to the point.  We need more highlighting of the real problems rather than running around like children throwing a tantrum so they can be addressed and hopefully fixed.

Okay so I've been around for a long time.  So here's some hard truths about XBY. 

1)  Dave (ccrevolution) is not suited for his position.  He is incompetent as a leader, marketer and general human being.  He doesn't understand crypto, it's culture or even the basics of how it functions as an economy.  HE creates the fud.  It's not the other way around.  People aren't just randomly picking on the project.  Ccr is creating it with his deplorable leadership skills, lack of communication, and general lack of respect for crypto culture.  I was there the day DutchDude was created, that all started with simple real questions about XBY and Dave flipped out and banned him, starting a forever spiral of fud/antifud comments.  Why did this happen?  It's simple, Dave is not suited for the market he's trying to sell to.  He can't explain simple concepts about his product because he DOES NOT KNOW.  And the only one who does is borz (I'll get to him in a second)

2)  The yes-men conundrum.  The fact of the matter is, the only people shilling this still are total idiots and people who bought in high who and are looking for their dump point.  This includes the people that Dave surrounds himself with within the board and the ardent supporters here on BCT and on the slack.  Just as this post will be attacked so will anyone who asks hard questions in the slack.

3)  The scam.  How is this a scam?  You ask.  Well it's simple really when you think about it.  The XBY core and the XFUEL core are not in public repo on github, and the node structure is ridiculous.

a)  Public repo.  There is absolutely NO PROOF OF TECHNOLOGY without public repos.  That's a simple fact.  They are marketing XFUEL as proof of posign, fine then release it so I and other crypto programmers can review the code.  Oh but no, we can't do that because we might fork it?  What kind of logic is that?  Everything that is good in crypto is forked, period.  Programmer's have public repos of their code both within and outside of crypto.  Having it public has not hurt a single coin out there.  No but bad marketing and mismanagement has.  So really at the end of the day, if there's no public repo this all exists in the fantasy land of theory.  Nice theory, now prove it.

b)  The Nodes.  First the registration process for the nodes it totally ridiculous.  THAT is poor programming.  And other than 'because' there's not been offered a good reason on why the registration process isn't more like DASH.  Then the lvl 2 comes along before lvl 1's are even operational.  Then lo and behold, lvl 3's appear on the horizon... but, but what about lvl 1?  No that's still a long ways off.  So no functioning nodes?  They lock up your coin for literally nothing.  Charge you for the pleasure of not having liquid xby.  Then the glorious pyramid scheme structure.  Really bravo, you are selling people literally nothing, no finished product and to top it off it's a pyramid scheme.  Lets have a look at lvl 1's again, they aren't showing you how many have broken.  Without that transparency in place this whole thing stinks of a scam.

4)  The mysterious borz.  The cult of borz is sickening.  Especially when there isn't any proof of anything.  He doesn't have a public repo showing his past work beyond the coin burn, which by itself is suspicious.  Then there's the fact that his judgement is clearly flawed by allowing a clown to run the front of the shop.  He won't communicate with the community about his vision.  All we get out of him is a basic theory, not even attempting to explain the greater details of how posign works.  There's a great many people within the community who aren't drooling idiots, and to assume 'they just won't understand' is the height of arrogance.  So is it just arrogance or the fact that he can't even explain?  He can't or he won't.  It's one of the two.  Personally a 'genius' god like programmer who doesn't share his genius, isn't a genius at all.  Furthermore, how in the world can someone be an economic genius when they clearly doesn't have any grasp of economics, see the XFUEL roll out. 

5)  The lack of transparency.  There is no transparency with XBY it's all diversion, stalling and silence.  The fact is they call this a community coin without taking input from the community.  The community has no say.  How about just being honest and saying that it's NOT a community coin, that dave/borz is the alpha and omega of XBY and that's all there is to it. 

6)  The Static node holders.  When founded they got a vote.  That was the deal.  There was at least some amount of governance by allowing them to have a vote in the future of the coin.  That is not the case any longer, and hasn't been for some time.  That needs to be set to rights, they need to have their vote in the direction of XBY, because clearly Dave does NOT have the best interests of XBY at heart.  Also exactly how many of you are left?  I know for a FACT the site isn't updating the current number.  Again where is the transparency?   

7)  The absolute mismanagement of funds.  There IS A DEVELOPER FUND.  And Dave refuses to use it.  Instead Dave comes up with the scam shitcoin XFUEL.  And then he is a FOUNDER and yet claims he is exempt from helping to pay for the development of HIS coin.  No, this is nothing more than scam.  And the beautiful icing on this shitcoin cake, he won't share his wallet address.  Developers and founders throughout crypto show their addresses for the sake of transparency and to build trust.  What makes him so special?  He has a crazy number of nodes, or does he?  Has he been dumping all along?  Who knows, because he is not TRANSPARENT.

In conclusion,
In the real business, corporate world he would have been removed already on the mismanagement of funds alone.  Add to that the mismanagement of the marketing and general mismanagement of the board and community it's literally amazing that this guy is still in place.  Since it's inception somewhere around ten board members have stepped down because he is impossible to work with.  How in the world is this a good investment when it's run by such a horrible manager and it is literally NO product?

No argument. Everyone has just accepted Ccrev wont ever leave even if everyone hates him and leaves. We can pit tis community coin nonsense behind us now. All blame is only on ccrev now.

Regardless of all of this fighting I’ve bought tiny amount. Hopefully this argument can be settled then I’d get more

main reason is ccr's dictatorship and idiocy. this guy is a loon. nobody can work with him. BUT also many don't agree with borzalom who seems not to understand economic basics and is under ccr's control (see xfuel for example). that ccr is dump as a bucket of shrimp was clear at the beginning. not only board but also big early investors want to leave, including me.

I know ccn left along time ago, was in slack still. Surprised jhar left, did not know. Sad to see vanfly leave, pretty good at what he did.

Did most recent leave due to Xfuel idea? Seems alot goes on in Slack which I was hoping we'd see more of it here instead.

Take a look at one of the first videos on the youtube channel and through his post history here.

Edit: May have misinterpreted your post actually.

I can understand Borzalom making the calls and CCR is the middleman here, which is a tough job. With that in mind it's even more important to find out more about Borzalom's experiences because it feels like we're playing a dangerous game of faith.

jhar
sam
rule
vanfly

previously:

ccn
fishfishfish
eggsandspamm

Who left? Names please from slack?

Ccrev does not understand crypto. He seems to think you can build a corporation around an open source company. Guess what? Hes stupid....thats why everyone left.

Quit fighting him anymore. He will always be stupid and defend his position that dosesnt exist and he will continue to drag a great tech innovation into the dollar store level of crassness. It is what it is. Im just glad not to have to listen to the guy talk utter bullshit anymore and smile.

Most investors care about coin supply, it is one of the most brought up things regarding future price talks and growth. You can disagree with that mindset (and I understand where you are coming from) , but that is just the way it is. Borz has said he plans on making XBY fully open source once the network is operational, there is no centralized planning or decision making after that happens. Leveled nodes are a moot point, even if there was only 1 level at 10k XBY each, you would still have the same amount of coins out of circulation if it was full.

The drama is real here...not sure wtf is going in the slack channels as I left awhile ago after feeling like I was stuck in a 4chan thread.

Community has been fighting for quite some time and seems to be washed away after updates are released or the price surges up. Has everyone stopped for a second and actually though about what the root cause of all his fighting is?

Anyways not going to get involved in the fighting or debates, on the sidelines watching.

My opinion, not open to debate.

I don't think Xfuel is a good idea, although not an ICO it's a new coin created from thin air to fund development pretty much we can consider it a 100% premined coin that resembles an ICO in a way. If developers are interested in working on XBY it's solely because their interested in the tech. Most would be holding some amount of XBY and working towards developing the tech which reflects positively on the price hence their holdings. I do believe donations would work better.


One thing I find that contradicting is the concept of nodes and creating a a true decentralized network while at the same time the team keeps mentioning a corporation and a board that control decisions of where XBY goes. That just doesn't make sense at all. How can a network be decentralized but a group of half a dozen people decide what happens on the network? This was something that just didn't sit right with me since the start, this is what crypto is fighting against.

I suggest break this board idea and dump this corporation non sense. Push all the code for the tech on github and let everyone check it out and work on it.

I also suggest ( I know might be late but I suggested this from the start), lower the static node requirement to something everyone can afford, dump the idea of level for statics. Simplify it, don't over complicate it with several levels of nodes.

Don't use statics as a form of locking coins to shrink the available supply and make prices surge, developers should be all about the tech and 0 concern about prices (been saying this for a long time....). Cheaper the nodes the more people will be willing to setup a static node, the bigger the community, the more nodes there are and less amount of nodes being owned by a single person.

To be honest, these leveled nodes seem like a tactic to push prices up...is the tech or price more important?

Fantastic post, Yankee! Thank you for reminding many and pointing out to others that tremendous and multiple benefits the addition of XFUEL brings to the XTRABYTES project.

Great Work!

https://xtrabytes.global/#roadmap 

Yankeeruinx
That is a great distillation of how xFuel expands the power of XBY with out diluting the current coin's value. 

Scroll down on the website: xtrabytes.global

Where can I find a roadmap for this? 

XFUEL was created to solve a problem, how to fund the development of XTRABYTES?  See, XTRABYTES isn’t some corporate backed project with a $100 million budget for marketing and it doesn’t have a fancy ICO to raise funds.  If it did, it would have $80 million set aside for marketing and development.  

All XBY coins are in circulation so there isn’t some secret supply stashed away anywhere that the Development Team can sell off to raise capital.  So something had to be done to solve this dilemma and that’s where XFUEL comes into play.  However, XFUEL does much more than simply provide development funds as you will see below.

Before XFUEL, the STATIC node setup had LEVEL 1 (500,000 XBY) and LEVEL 2 (250,000 XBY) nodes as follows:
              STATICS       XBY Supply
LEVEL 1   512              256,000,000
LEVEL 2   1024            256,000,000
Total       1536            512,000,000

That would mean the XTRABYTES platform would run on 1,536 STATIC nodes and there would be 138 Million XBY left in circulation.  This would not allow for affordable LEVEL 3 (125,000 XBY) nodes to be registered, as that would require a supply of 768,000,000 XBY, far more than the permanently fixed supply of 650,000,000 XBY available.

This is where XFUEL steps in, by fulfilling the STATIC network and making it even more decentralized.  While node holders can still register their STATIC entirely with XBY, they can now use both XBY and XFUEL to accomplish the same goal.

By including XFUEL, one can register a STATIC node with a ratio of 67% XBY / 33% XFUEL.  This is what the STATIC node network looks like now with the addition of XFUEL:

                STATICS      XBY Supply      XFUEL SUPPLY
LEVEL 1    512             168,960,000    87,040,000
LEVEL 2    1024           174,080,000    81,920,000
LEVEL 3    2048           174,080,000    81,920,000
Total         3584           516,120,000   250,880,000

As all nodes are registered, around 134 Million XBY will remain in circulation to be used as a payment system for modules on the network.  This system more than doubles the stability of the platform by adding 2,048 extra STATIC nodes.


XFUEL/XBY will be the first trading pair on the new XTRABYTES Decentralized Exchange (DEX) platform called the X-CHANGE.  This is a double win because:

1.   It allows people to buy XFUEL.
2.   XFUEL/XBY showcases the X-CHANGE so people can witness proof of tech. This will allow the X-CHANGE to expand and add more pairings like you would expect from a traditional exchange but with full decentralization.

XFUEL is a brilliant solution to a complex problem.  XFUEL provides a funding method for development and more than doubles platform stability.  XFUEL also plays a roll in registering a STATIC node and node holders will earn XFUEL fees by securing the X-CHANGE.  Since XFUEL doesn’t dilute the value of XBY value, as active XBY circulation decreases, it is literally a win for everyone who holds both XBY and XFUEL.

This was discussed and the conclusion is that it doesn't because it allows more XBY taken out of circ. And it has to find its own free market value.