>Brand new consensus algorithm (Proof of Signature) >Safest

how many blocks are they up to?

>>2060265
http://xbyblockchain.borzalom.hu/

>45326

45,324. Once it hits 50k they are locking the nodes, which is going to take a lot of xby out of circulation, which should theoretically pump the price

>>2060250
It sounds stupid but has a decent potential. There's always security in actual security. Look at the fact bitcoin is so high and think of how many coins are lost in hard drives and lost wallets.
DGB is another that seems retarded as shit but could take off. Kids who want to buy game shit but parents won't let them so they play more games to get DGB and buy it for themselves. Pretty much the irl equivalent of gold farming.

What positives can be confirmed for this coin? The bitcointalk thread is fucking sickening and infested with real life retards

You're gambling on the PoSign blockchain catching on.
Spoiler alert: It will
Hop on faggot, we're going to the moon.

>>2060303
>No miners or stakers are needed. Once nodes are locked in there is no more ownership over the wallets holding the nodes, unless the node is broken by making a transaction with it, in which case it can't get back on the network as a node. >You never have to trust anyone to maintain the network and everything is secure.

Then you could add on memes such as lightning network and smart contracts just like any other blockchain.

>>2060250
legit estimated value in a year?

in b4 $1, because that shit aint gunna get that high and I dont need your shill bullshit.

>>2060360
I'd say 10x is easy (4 cents each) , 50x is harder (20 cents each).

Aright, I'm convinced. Gonna throw 2k on XBY, how the fuck do I buy this shit and rocket closer to lamboland?

This coin is the true definition of a gamble...it will either succeed, or it will not.

The pros are a brand new consensus system, that is a major technological breakthrough for the Blockchain - one we havent seen for the last 6 years. The last coin to invent a new consensus sytem was Peercoin (Proof of Stake)

It's all or nothing with XBY

>>2060374

c-cex, buy, profit.

>>2060356
This I do not follow, how is the network maintained? There's like 10 different guys holding nodes, how does anybody else benefit from using this network?

>>2060385
And we find this out in about 7 days when the 50k block is reached, the nodes go online, and it works or it doesn't?

>>2060398
There's already over 100 nodes: http://borzalom.hu/static-list.html

Better security than POS or POW, and then you can build lightning network etc. on it.

>>2060416
Oh yeah I see that but also that there's clearly individuals holding multiple. So at 50k these are locked in and there can be no more nodes ever? This system will be maintained by 100 guys or less?

>>2060434
No more nodes ever again after 50k blocks.

All a node has to do is maintain an internet connection. If BTC miners have the incentive to maintain those enormous mining farms, I'm sure a few people can maintain an internet connection.

>>2060434
I'm running my node of a Raspberry Pi off 100 Mbps internet. If my comp ever fails its only 45$ to restart my node.

How long did for dash to go from 0 to 100?
And what incentive is there to run a static node? I want to make money not stick my coins in a vault I can never access.

>>2060459
Transaction fees are split among nodes. You can cash out your static node at anytime by making a transaction with the wallet, but you lose node status forever.

>>2060462
If you still have 500k you can't re-register?

>>2060474
Nope. It's a security flaw otherwise->someone could buy all the nodes.

>>2060404
Yes, basically.

>>2060447
>>2060434
The nodes will be locked but Borzalom/CCr say that they will open registration up at a later date for more nodes. This is the initial test run.

>>2060416
This is what made me really interested in this coin
They would be able to do whatever they want with the coin once the nodes are up, such as add lightning network, segwit, etc, right?

>>2060604
Correct.

>>2060613
This is major
The future is looking very bright

>>2060589
OK this makes slightly more sense. I know the node lock sounds appealing seeing as it's so cheap to control say 1% of the network by buying one right now, but in reality once they're locked in this is really going to go against general interest in the project.

Now my other big question is where is the data stored? There's no fucking way the 100 nodes are to be expected to handle this so? In anyone running the wallet? How are they compensated / encouraged to maintain and keep data online? Or is this again stretched to a later release of many more nodes?

>>2060293
Losing your paper wallet key or toasting your PC which have crypto key on it without having any backup is not security flaw. It's a logic flaw and they deserve it.

>>2060692
The node lock is temporary and will be lifted.

Nodes do not play a role in storage, just transactions as far as I know. No mention of sharing storage was told to anyone setting up a node. I should know because I set up a node, and nowhere did it say that it would take my HD space in the future.

Alot of this is very new technology and alot of it we just dont fully understand yet, unless you are a hardcore tech enthusiast. I suggest asking on Slack how storage is going to be dealt with.

>>2060692
Oh and please take it slow in the XBY Slack, they deal with trolls on a regular basis. People are putting alot of faith on the line for Borzalom to pull through. It's really a do or die kind of thing.

This is not your normal ICO coin with a whitepaper, fleshed out roadmap and a finished website. This coin literally started like 2 weeks ago so we're all learning along with you.

>>2060817
how do i access the slack

>>2061092

Check the bitcoin talk thread

I cant setup a node after block 50.000?

Got 500k+ of these, if so I better be quick

>>2061197
Just read the thread nevermind

What does a node do? If you "own" one of course

>>2060692
125 nodes are already registered. It can handle it.

>>2061486
You get to collect 100 XBY transaction fees.

>>2061504
Motherfuckers are running this shit on RPis, it can't handle much, but if this is just the next phase of testing then it should be OK I guess

>>2060449
or ya know, 12 month free aws hosting

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>>>> https://en.wikipedia.org/wiki/Péter_Szőr
>>> daily reminder that the man and programmer behind XBY was close friend with this man and they knew each other personally from way back when still living in Hungary
>> has 25 years of skills and experience in soft/hardware programming and also 7 years in cryptography
> trivia: wrote his own OS in the 80's as teenager

No further comments needed, you decide anon

is this shit meme coin going to do anything or can I dump it for some doge while I still have time?

>>2061690
>>> has 25 years of skills and experience in soft/hardware programming and also 7 years in cryptography
no proof

> trivia: wrote his own OS in the 80's as teenager
no proof

spread the rumor, sell the fake news....

>>2060250
>investing in any shitcoin when BTC is going for 10k this year
Enjoy keeping your bags retard.

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I set up my STaTic nodes last night. I'm thinking about vacationing on the Sea of Tranquility this summer.

>>2062115
got any strong evidence to support that bold claim, kiddo?

i bought 12522 coins on yobit a couple days ago because im a poor fag who is new to cryptocurrency
did i fuck up? tell me I didnt pls

>>2063217
If i did tell me how to unfuck up pls

>>2063217
aslong as you dont shove your life savings into it, you're fine desu

this might flop, or moon, no one knows

>>2063237
My kid's entire college fund is in this thing and I'm about to mortgage my house. Time for me to fix my shit life and start to make something of myself. Once these nodes go online I'm going to cash out and leave my BITCH wife for greener pastures.

when is the best time to buy to double your money?

>>2063306

Now, the price is stable

>>2063335
when do we expect next pump? also this, or syscoin?

>>2063342

Either right before block 50k or right after

>>2062156
So I need to buy 1M XBY and then I can set up a STaTic?

>>2063357
and when is block 50k approximately expected? sorry for the questions i just don't have much time to research right now

Is their website a joke?

>>2063342
Next week huge pump could be coming seeing that this Sunday the 50k blocks will be reached and then all static nodes will be activated and tested. If everything works out they will contact the big exchanges bittrex/polonix next week and let them add XBY and then we go straight to the moon

>>2063284
Damn, that's pretty inspiring anon. Good luck.

>>2063371
2 days 15 hours aprox.

>>2063367

You need 500k to setup a static node

>>2063409
so once I have 500k in my yobit how do I create a static from it, dont see instructions on their site https://xtrabytes.tech/#

Also if I spend 500k into a sTatic , can I take the 500k out and sell it on yobit?

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136 nodes are registered are you guys ready for the rush in the coming weeks?

>>2063419

Yes, check the bitcoin talk topic, it's all explained there

>>2063422
hm is it in altcoin discussion?

For people here trying to setup a Static node:


Do not get your "static wallet" above 500.100 or the step "Get new Keypairs" will be greyed out.

Had to make a new wallet where I transferred precisely 500.100 xby to get it to work.

>>2063513
also, video here on how to do it:

https://www.youtube.com/watch?v=pE_CR_ZX0Z0

What are the odds of this hitting $1?

>>2063396
thanks, just moved my entire portfolio to it (32k xby lol) . what price do we expect?

>>2063534
>$1
Geeze start small. I say 10 cents is a good target for now. If it does what it says then maybe $1 by the end of year. Or into 2018

>>2063534
>>2063551
.30 cents by the end of summer at a minimum if everything is running smoothly and we get on bittrex within 2 weeks.

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>>2063551

if you dont buy this coin ur a faggot

>>2063699
Uh... Why?

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>>2063725
do you not like guaranteed 200x returns within 2 years?

How can i buy them? I'm a newfag in coins.

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ok about to dump 1200 in, ya'll better not be memeing me

>>2063789
1200s not enough for a STATIC, theres absolutley no reason to not get a static.

Let's talk about "PoSig" - how does it work, really? How many you pumping this have more than a basic understanding of this "revolutionary" consensus mechanism?

As far as I can tell, it's basically a horizontal PKI system where roots that are rejected by the consensus are "blacklisted". Can anyone point me to a more detailed explanation? I've looked quite a bit, also for info on this "Borzalom".

Aren't roots (static nodes) incentivized to go along with any blacklisting, as doing so will increase their relative control of the network? Or are new roots created to replace those that are blacklisted? If so, how are those new roots distributed so as to prevent them being accumulated by a single actor / pool? Seems like there's an inherent movement towards consolidation.

t. PKI engineer

>>2060250
>vaporware tech that convinces people to buy 500k coins so that they can make free money by hosting an internet connection
>no whitepaper
>no actual devs

holding 12k because its a good scam and gonna dump before the scammers dump

"Guys the coin was originally a scam but we saved it with a hard fork and now it's totally legit!" lol

Still might buy some

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>>2063819
You actually think there's anyone on /biz/ who has any idea about anything that they shill on here?
absolute kek

>>2063836
A /biz/ post got me in on the Waves on Azure announcement before the pump and I made 40% on that so have hope

Even if it is 95% bullshit there are still 5% smart dudes here

Just probably not in an XBY thread I guess

I read the beginning and end of the Bitcointtalk and Googled for whatever else I could find, this shit is some for real vaporware

>>2063824
>with
12k coins or 12k usd. 12k coins is nothing lel

>>2063819
theres in deph explain in the bitcointalk thread pajeethooo fucker

THIS COIN WILL GO TO THE MOON!!!!

>>2063871
i got 30k coins

sure it aint much, but im not going all in on pennycryptos with no name to it yet

sure its a new thing, proof of signature, but so was peercoin at its time with proof of stake, and that shit is still worthless af

>>2060250
I got 100k for $50 before /biz/ caught onto this coin. What are the chances I'll become a millionaire off my $50 investment?

>>2063941
They are negative. Say goodbye to your $50

>>2063941
do the math, if it's valued a $1 you will make $100k. Do you think you are a millonaire with 100k?

>>2063975
kek this coin can only go up. value around 1 USD in december

>>2063284
If you are not larping hard anon, I wish you the best of lucks and I do hope you get enough gains to tell her to go fuck herself and you get a really nice crash pad to fuck beautiful random bitches.

>>2063941
Lol I wouldn't say millionaire but I say you'll have a few thousand to play around with later on.

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>>2063284
shiet

>>2063882
No theres not, I've read it. Nothing answers his questions, fuck off back to your slack safe space.

>>2063941
0%

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>>2064315
We will use what is referred to as a chord overview network where the the STaTiC and nonSTaTic nodes connect to "chord nodes". The "chord network" is a "virtual overview" or in other words, the upper layer of the network and we will call it the Virtual Chord Network.

The STaTiC nodes and the nonSTaTiC nodes create the blocks... All nodes create the same block and all blocks have the same blockhash. Therefore, all block have the same ID (we will explain later why contain all blocks contain the same transactions).

Transactions work exactly the same as the block creation and so now we can see that all blocks will be the same in each STaTiC and nonSTaTiC and later you will see why this is, as we continue this explanation.

Each node (STaTiC and nonSTaTiC) is connected to one "virtual chord node" the chord nodes are only virtual, instead of being real nodes. If the block is ID=1 ( or if we create transaction then TR ID ) then this block will create the #1 virtual chord node and will then send the created block to the #2, #4, #8 nodes (this is an example of a network with just 16 virtual chord nodes) the #2 will send to #3 #5 #9 and so on...

The block creation time is not uncontrolled either. So, if we use 160sec block time (just an example because 160 seconds is easier to understand with a 16 virtual chord system).

Therefore, the chord nodes create blocks as follows:

#1 between 0-10 seconds
#2 between 10-20
#3 between 20-30

and continuing to #16 up to 160 seconds.

However, we will use more chords of course as this is just a simplified example so the process is more easily understood.

Therefore, no transaction or block conflicts occur and every peer knows who will create the block and who will first distribute the block.

Added question: But what if that creator block is down or attacked? Does it switch to a different STaTiC?

>>2064315
>>2064363
Since all chord nodes are virtual it is impossible to DDOS. There are no IPs or other relay identities available to attack.

Chord nodes are virtual, so they are never removed:

#1S = #1 STaTiC
#1C = #1 virtual chord node

If just #1S is online ( only one STaTiC ) then:

#1S will control #1C-#16


If #1S-#3S is online, then:

#1S will control #1C-#5C
#2S will control #6C-#10C
#3S will control #11C-#16C

If any STaTiC goes offline, for example #3S, then #11C-#16C will be shared between #1S and #2S


This is the reason why it is not important how many STaTiC nodes exist or how many STaTiC nodes are online or offline. The number of overview virtual network nodes is a constant. The block and transaction time are not part of the ID.

So, one of the key points to answer your question is that all STaTiCs and other nodes do not have to learn about the blocks simultaneously... The transactions distribute throughout our network, sequentially, over the 120 second block time in intervals that eventually get out to the entire network before the next block is created.

With regard to network lag, this is not relevant because the network is virtual. Therefore if lag exists it is equal across the entire virtual network. So, the virtual overview network or the Virtual Chord Network solves the problems you bring up.

To simplify this explanation for those less technical:

P2P (peer to peer file sharing type systems) is like water in a lake. The Virtual Chord Network is like a series of canals. We use water, just like in the lake, but the lake is uncontrolled.

>>2060280
Well the nodes are never 'locked'. If you stop your node all the xby gets freed.

can someone share the wealth and help me get started. just made a xby wallet BDDPQFEVVdXubUQH8xW48jxsnjZPjLFW7c

What is this 50k "blocks" you guys are talking about?

>>2064416
100k sent

>>2064449
can i have some too please?
just whatever you can spare for a poorfag

B9j8nNnioAdBxZm2UcMYHN6ajdYemFhAWd

>>2064470
no problem buddy, 100k are on your way too.

>>2064475
hero!

>>2064475
BFDhoeNZyNH7ngct7MNKDLE4yKyzX89K7e

m-me too?

stop with the begging and larping faggots this is a serious thread

>>2064475
i-is it possible you could spare a little for me??

i could only afford 12k myself

BPEjkqeCKk2Vt57pUxbnV3f8CUZVjK1K8N

>>2064483
>>2064487
50k each, you are killing me guys.

>>2064496
Can I please have some too?
BS8XMJEfA4Rg6JqgCG54PKHCJVgBo1s7Sx

>>2060250
1.5+ million master race reporting.

>>2064496
Please anon, any amount will do B4WcUgbXRPXM8GerB7EXMwhAGkQBM9BbQ6

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someone help me get enough for my node please

B7NmJ8BKa6Ac8YyJs9iPcJqCZdL8zxV3in

Would be xtragrateful if someone gets me started on this shitcoin, might even invest my student benefits on this
Let me join you in lamboland

B9ktFjwMAHS98Zex53dxAfdCCXbP9JKwhw

>>2064449
Are you seriously gifting free XBY? If so it would be a huge help. I only have about 500.

BMMMKyuL8Mk3ALKa9iCJxS3TdVDWHA3krm

I already have some cash rolling on this but it'd be cool to have a few XBY more for when we go to the moon

BMyuwWiVVCtBjx4m8zkJCqW1uWrTyhjbyd

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>>2064449
Send me some as well friendo
B8dCkc8fwuiDxMMZ3E33kZRQx1JE5GrdnK

If you're still gifting, it'd be nice to have some to get started with

1Bdu4J1KaaSPN1kp3R1tme4Xkfr3z8zLFF

Lol fuck these faggots asking for free xby. Buy them yourselves

send spare dogecoin pls

AC33D19E23E5FFB896364DFBE5A04D08

>>2060250
On a serious note, why doesnt /biz/ collude together on a single coin--buy in together and shitpost around the rest of the internet to pump? Seems like theres enough people here to make it happen

>>2064964
any coordination is fucking impossible and nobody wants to make any actual effort. this is basically a powerball forum

>>2064975
this.

Best Place to buy XBY?

>>2063924
>$50 million market cap
>worthless

Jut another /biz/tard and their worthless opinion

>>2064991
wallmart, near the condom stall

>>2064996
fuck are you talking about 50MM cap

>>2064964
actually, if we elect a single coin as the official currency here and shitpost everywhere, maybe set up a shop with meme shirts and anime to spend the coin on, the money will start rolling in and we all get rich in the process

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>>2064975
Dark net markets have Monero, 420 has potcoin,
/biz/ has...KekCoin?

>>2060250

xby will be at $100 before the year is over

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>>2065088
official currency has already been crowned

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>tfw neet
>tfw 24 years old
>tfw severe depression for 6 years
>tfw shizoid personality disorder
>tfw no friends no gf
>tfw I hate to look into the disappointed eyes of my parents every day
>tfw I am too cowardly to kill myself
>tfw I got only 12$ in XBY because thats all I have

I miss out every fucking opprotunity in my shitty existence. fuck me

>>2065612
12 dollars is more than enough to get rich off this new as fuck coin

if your still helping, help a poorfag out :(

BJNNfQMk8kiA5kxAGY3dfQ6W69v2D9eMiQ

>>2065618

it will probably go x2 so I got 24$ out.
I am always too late, like a natural rule or something. Fucking hell.

Even if I can not have a social life I want to stop being a burden to my parents

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>>2065628
I promise they love you anon, but they definitely want you to succeed so, keep trying your best!

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>>2065679

I hope so because I cant stand this "life" for much longer.

If any of you has something to spend on me unlucky wretch:

BShmPRuVvP4C9p2fvbQHdYbSxazyzxKuRg

If not I appreciate you reading the whiny story of my life

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>>2064234
proof of benis technology

>>2063421
148 now.
Fuck, I hope this works

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>>2063561
that's a big 'if' lad

>>2065763
where do u see # of nodes
i thought cap was 50000 and they had 46k

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>>2065763
>>2065768
YUGE
>>2065783
http://borzalom.hu/static-list.html

>>2065612

Wtf and I thought I had it bad

>assburgers
>manlet

is it too late to hop on?

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>>2065855
No anon you will kys if you dont own a node in a couple of weeks.

>>2065855
You got time until Sunday if you want to 10x your wealth senpai

>>2065869
running a node is just mining right? I know, should kill myself. But I'm a newfag

>>2065873
I wanted to start buying some coins for holding. I've never done it before. I went to coinbase but people say its fucking shite now. Also I needed to scan my ID which I didn't really want to do

>>2065877
Nah it's not mining.
From my understanding, it's just a computer that has permission to verify blocks.
All nodes must be in agreement for every transaction otherwise it won't go through. It's not resource hungry like mining.
Have a read through the thread if you're interested.
https://bitcointalk.org/index.php?topic=1864397.1400

So a node takes roughly 1.2 btc to setup, what are expected earnings out of that ?

>>2065886
but what do you get with a 'static node'. Money, XBY?

I'm not sure what the value proposition is.

is this new tech?

My bank account is still frozen because some international hyena stole $800 and everything is frozen until they finish their 'investigation'. how the fuck does this even happen and how are the bank allowed to just not let me access my money? ive been on the phone with them for hours but offcourse they all just pass the book.

I've never been this upset. this is a genuine space voyage and i missed out

please send if you can, god bless.

B6F6yqEN3LsWXbx6tnF5W9csfAhQe1ZJAb

>>2065904
(Number of transactions/day*transaction cost/number of nodes)*30 = monthly earnings
Let's say the average daily volume is around 25 BTC (roughlybased on coinmarketcap) and that each transaction averages 0.025 BTC, then there are 1000 transactions per day. Each transaction costs 100 XBY. The number of nodes currently registered is 148. So with that we can say that the average monthly earnings are (1000*100/148)*30 = 20270 XBY

If more people begin making transactions with XBY, then your earnings will grow.

>>2065926
You get a proportion of each transaction fee processed on the XBY network.
The fee is currently 100 and the number of registered nodes is 148, so for each transaction you will receive 0.676 XBY.
When all 650 nodes are registered in the future, you will receive 0.154 XBY per transaction assuming the fee is still 100.
The developer has said that the transaction cost will be lowered in the future, so the amount of XBY received per transaction on a maximum node network will likely be much lower than 0.154 XBY.
However. this is not to say the nodes will not make a return. If XBY grows to the point where 650 nodes are registered, the number of transactions occurring on the network will surely be magnitudes higher than it is now, based on the adoption S-curve.

If the proof of signature works properly, then I would expect to see maximum nodes in the near future.

>less than 65 people control 50% of all coins

Im not sure how this can work out in the long term

>>2065966
i thought theres 50000 static nodes, not 650

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even the bogdagods are bagholders

>>2065985
No, the static nodes come online at block 50,000 (currently at block 46916), which will be in a few days.
There are a maximum of 650 static nodes, and when fully registered they will take half of the coin supply (500k*650) out of circulation.

>>2065999
block 50k will be hit this Sunday to be exact

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Are people still giving out free coins?

BQ6HngWiYM5W9NWpyFfMfRZgcsaMFYB9fo

Also please remember you too can know the love of Jesus Christ if you choose to let him in your heart, god bless.

I could only afford 10k coins as my monthly spending.
TFW being a wagecuck
Someone feeling generous?
B6t7gUujM3m89eG3x2rsBrUoWRxy8riyUt

>>2065999
>out of circulation
No it wont, you can still break up the node into coins.

>>2066012
They will BE OUT of circulation when they are in the nodes
When you break the node up then they will go back in circulation

>>2066012
Yes, the nodes can be broken and the XBY from that will be spendable, but while there are 650 registered nodes circulation will be halved.

>>2066026
DUDE THERE ARE 50000 NODES NOT 650

>>2066035
50,000 gorillion nodes, goyim

>>2066020
And there is the problem. The fact that 650 or less people control 50% of the total coin and can dump it into the market at any time is a big fucking deal.

The biggest bitcoin wallet is less than 1% of total BTC and it is worth hundreds of millions. Imagine if XBY is at BTC marketcap, those Nodes would be worth 15 billion dollars and everyone who uses it would be at node owners mercy.

Why not lower a Node to like 6.5k coins and hard cap the percentage at 1%(6.5m coins)? this way you could have 1000 people owning at most 1% of coins in nodes. Much more reasonable no?

>>2066055
but there isn't much incentive for someone to break up their node if it's earning them money with virtually no downsides

>>2066055
the thing is this coin is barely 4 weeks old you know? still at it's infancy stage so there is lots of more to come and A LOT of money will be pumped into it and made

>>2066068
That is not the point.

Who would want to heavily invest in a coin when 50% of every coin is owned by 650 people?

This sounds like a scheme to get people to buy a massive amount of coin short term with no long term plan.

>>2065088
Milo coin

Help a white South African out guys

B9zQVcHqBhZbmtNuBXBH75d6LmgASnecoe

I need this shit to hit $1 so I can jump ship before I'm necklaced.

I'm invested in this coin, but the last few days it looks like yobit bot has been keeping the price afloat a bit, kind of disheartening

New this game, but want to join the bitcoin game here, want to get started with the XBY how do I buy?

>>2065121
lol. You're retarded.

>>2066196
buy bitcoin > send to yobit wallet > buy xby

don't go all in. practice with small amounts.

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>latecoiner
>deposit wont be cleared until monday


i want to kill myself
i've known about this shit for years
but i just stayed a poor riskless lonely wage cuck
but only NOW i realise
the greatest risk is doing nothing

all i had to do was fucking listen.

>>2066078
You might have a point.
Based on de Solla Price's law, that asserts that the square root of a population does half the work, the stable userbase size for XBY at 650 nodes would be 650^2 = 422500.
Not sure if that rule would apply properly here, but there may be a good reason to lower the total coin percentage that nodes occupy.
Maybe 200k nodes capped at 650 would be more accommodating?

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>>2060385
>The last coin to invent a new consensus sytem was Peercoin
Shows that you know absolutely nothing. Not a surprise from /biz/.

I can't believe you guys are buying this shit. "Deaf hungarian autist" lmao.

>>2066153
kek get ready to be culturally enriched by turboniggers
apartheid did nothing wrong desu senpai

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>>2066413
>tfw anglo female
>literally at the bottom of the racial totem pole

>>2066456
get the hell outta there

When the fuck is it going to dip, I sold all mine when it was at 216 to buy in the dip like when it dipped to fucking 90 while I was holding. BUT IT'S NOT FUCKING DIPPING

>>2066491
dipping point is over, the coin has too high volume and people are hoarding to get nodes
buy back in at 220

>>2066474
im trying desu

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>>2066400
https://en.wikipedia.org/wiki/Proof-of-stake

Peercoin[2] was the first cryptocurrency to launch using proof-of-stake.

kek

>>2066078
>>2066055
>>2066347
>And there is the problem. The fact that 650 or less people control 50% of the total coin and can dump it into the market at any time is a big fucking deal.

No, its not. Major players and whales have always controlled large portions of a coin's supply. It's always been that way in the crypto world. This is nothing new. Yawn.

The network will function perfectly fine.

>This sounds like a scheme to get people to buy a massive amount of coin short term with no long term plan.

Wait, let me guess, you're going to come to the rare and very mindful conclusion that this is a scam. Lol.

>Who would want to heavily invest in a coin when 50% of every coin is owned by 650 people?

There is nothing wrong with this. Nothing. If the coins get dumped onto the market, then guess what? They get dumped and life goes on. If the product is good and if there is an active community then a massive dump then it probably won't happen. A huge portion of whales dumping coins would be an issue for any coin, not just XBY.

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>>2066559

So, if I sell 500k coins from deposit wallet I will lose static node status? Am I right?

>>2066501
I feel like that's a bad idea...
Fearful when others are greedy and feed when others are fearful, you know.

>>2066538
I know Peercoin was the first Piece of Shit coin. I meant the "last coin to invent a new consensus sytem" part.

>>2066679
There are 2 consensus systems. Proof of Work and Proof of Stake. Technically there is a third, Proof of Burn, but it has never really been used from apart of Counterparty. Slimcoin was the first to create Proof of Burn.

Basically we havent had a new consensus system invented for a long long time.

>>2066731
No. There's also Proof of Capacity, PoAuthority, PoActivity (PoW+PoS), Federated Byzantine Agreement (Stellar), RPCA (Ripple), various other BFT algorithms and differing PoS models like dPoS, CASPER, Tendermint. Probably even missing something.

>>2066792
Also Proof of Luck/Elapsed Time based on trusted execution using Intel SGX.

>>2066792
RPCA, the "other BFT algorithms" are not Blockchain includingt Proof of Luck.

Proof of Activity is simply a fancy word for a combo of Proof of Work and Stake. No innovation.

Proof of capacity uses HDD mining, no innovation and just another fancy term

Proof of authority does not have any practical application yet

Hell MAIDSAFE has a "proof of resource", its just shared data space on a private non-blockchain network. Most of these proofs are just marketing gimmicks.

>>2066474
Correction
Get the hell into xby

>>2067069
>RPCA, the "other BFT algorithms" are not Blockchain includingt Proof of Luck.
Those are ways to achieve consensus, that's literally what we were talking about. What's your point? PoActivity isn't exactly groundbreaking but it simply has the benefits of PoW and PoS.

Alright I'm on board. I have 4.3k XBY.
Plus a NODE

Could somebody help me out with some XBY pls? I don't have a lot of money but when i have i will do the same for others :)

B6s3jZxq6j6EK4hpNjvQzHEbbuiPYBXHQh

May the lambo gods be with you

>>2067669
How did you activate a node with only 4.3k? I thought you needed 500000 to get one.

>>2068260
he has 504,300 xby

>>2068476
Would it be smart or idiotic to take out a small loan of 2000 dollars so i can get 500000 XBY coins to start a node? Wohld it pay off do you think?

>>2068902
I wouldn't advise that for any coin.

>>2068902
Only spend the money you can afford to lose.

>>2065612
your me except for the last 3

>>2065974
quite true

>>2068902
I like shilling, but i wouldnt recommend this anon

BFGvtTXANQmo8RVWXuf6DDLSRvQA6fLEJU


pls gib xby