PoSign could in theory massively increase security and speed of transactions over traditional coins. The storage system that is on the roadmap would add utility to XBY, assuming it is implemented successfully. Getting in early and acquiring a STaTiC (Service, Transactions and Trusted in Control) node would create an XBY stream based on XBY network transactions for yourself as well. The project is laden with risk (elusive dev, presentation lacking, no white papers), but if you can afford to lose the ~1 BTC required to get a node, you might as well take the risk.
Gabriel Clark
Potential- thats why its so cheap "at the moment"
IF... the idea that has been portrayed by the developer turns out to be true, this will be an infinitely secure network, with instant transaction times, NO other coin can be accredited with these possibilities
People are throwing around target prices... some, are low, some are high, but a number that is thrown around most is $1.
FUDDERs will say, theres no chance of XBY to get to $1 due to the coin circulation of 650m...and no other coin has done this before...
To get to $1 the coin needs to reach marketcap of $650m... which if you check the coinmarketcap website... Wouldn't currently even put this coin in the top 5 coins...
IF the concept turns out to work truly as we hope, this coin will be in the top 5 coins without any doubt... and people will see the $1+ returns...
Just to break it down...
If you buy the 500k XBY nodes now at around 1btc which is around $1600... if it reaches $1... you will return $500k...
Is this a good investment, almost definitely...
Is it risky... certainly...
But so was Bitcoin in there earlydays, and so so many people missed out on becoming multi-millionares...
I for one, wont miss this opportunity that is showing me flags of potential from all directions
Xavier Robinson
Once the coin is further along in development, how will the fees be calculated following the retirement of the fixed 100 XBY fee? Also, what are the estimated earnings for a STaTiC node owner if the price maintains?
Bentley Jones
The earning would probably depends on how many people use the coin im guessing.
Jose Taylor
Yeah, absolutely. I guess it's safe to say that would vary wildly, and earnings would be divided more and more as new STaTiCs are established up to the limit of 500.
Aaron Gutierrez
Because 90 % of the supply was bought for 1 satoshi
Hunter Roberts
was it really?
show me proof to this statement... wheres the 1 satoshi volume that your dreaming up?
Kevin Torres
thats the idea... earnings would be divided the more STaTiCs that got set up... but if we reach the 500 limit... we have a perfect system with unrivalled security and speed... FACT
Landon Wood
i want to get in cheaper. I only have $150 worth right now but will buy the amount needed for a node when my fucking exchanges verify my identity. so butthurt at how long this takes.
Carson Miller
I would assume that the fees will be adjusted accordingly as the price changes...
its not overly difficult to adjust the code to change the fees and send out a new revision of the system...
thats another things that so easy because everyone is guaranteed to be working on the same system, because the STaTiCs will all be running the same updated version, allowing for faster integration of revised systems to improve the network
James Hill
Can you name a potential range of earnings in XBY for this month?
Eli Reed
Stop talking BS and read the official bitcointalk thread faggot
XBY will be huge and the more static nodes are set up the lower the actual coin supply will be. So if the maximum number of 650 static nodes will be reached the supply will be cut to 325M coins ;)
No doubt that in 2 max 3 years time this coin will be a Top 5
It is a revolutionary crypto unhackable and with instant transaction thanks to the unique Proof of Signature/Authority consensus
You have been warned anons this right here is a potential 100$ coin and in merely 3 weeks it 250x it's value and we haven't hit the big exchanges yet
Nathaniel Walker
I've heard 500 for the upper limit of STaTiCs Where are you getting 650 from?
Grayson Jenkins
The node dividends don't become active till block 50,000 which is estimated to be sometime next week...
I could just say "do the math pajeet, but let me do it for you"
So lets hypothesise it being the 15th of this month, we have 16 days remaining
lets take yesterdays daily volume of 22btc
now yesterday, there were just a little over 1000 blocks created
now, im not 100% sure on how many transactions are in each block... so lets stay ultra-ultra conservative and say 2 transactions per block
that equates to 2000 transactions over the network yesterday
thats a generation of 200,000 xby
theres currently 56 nodes
that would be a split of 3,500 each for yesterday
which equates to just over $10 for the days earnings
thats an average of $300 a month at these current rates
plus there could be more transcations per block and it would be more
when the network picks up, the volumes will also be higher thus more transactions
and ontop of that, your 500k node worth is also increasing as the price increases of the asset
You still hungry?
Jace Wood
>inb4 cant understand pajeet language
I just wrote out as it came to me so the grammar, punctuation and layout is fucked up, but the maths is still correct
Oliver Martinez
Can you substantiate the instant transactions claim?? If thats true then XBY could be THE coin.
Grayson Collins
>You have been warned anons this right here is a potential 100$ coin and in merely 3 weeks it 250x it's value and we haven't hit the big exchanges yet
Im a STaTiC node owner myself but $100 would need us to reach $65bn marketcap which is unattainable unless magic is real.
$1 is attainable at a $650m marketcap, not even putting us into the top 5 altcoins
shit, even if it compares to pivx its a $0.50 coin and a node would generate you $250k not even including the profit generation from it
Leo Barnes
He is not talking bullshit. XBY was previously a scam project. It got revitalized by 1 person (Hungarian programmer) and then another one joined in (Canadian marketer). Their mission is to get what they "lost" at bitmox scam. Just look at trollbox chats.. why would anyone shill this coin so much, if they were so sure of it? anyway plenty of people still own old coins they bought at 1 sat. STaTiC nodes look interesting, but they are worthless in the long run. XBY will get pumped once its gets on bittrex and then dumped by all these early buyers, and you will all cry again like with posw coin... but maybe that's what you are after? you bought this shit early and you are just waiting to dump it? then you should know something, ccrevolution (marketer) is looking for people who won't abadon this project for their 50-100% gains, because static node network depends on a whole community. More people host it, the better, so when everyone dumps their nodes for 1k sat it'll crash like posw. Stop getting fomo'ed into another bagholding.
Nicholas Harris
literally download the wallet
purchase a small amount and send it to your wallet just to try it
its instant believe me
Jason Parker
dis pajeehtoo cornholio street turd shitter is tryna fud up this game. this fuck dont ge tit why would they dumpy it. go on explain it corn dildo
Nolan Jenkins
Sure its instant now when the transaction volume is extremely low. Theres no proof it will stay like that when there are large volumes of transactions.
Noah Brooks
Sheeeit, that's pretty good. That's got me very interested desu senpai. Will this be a paradigm shift for crypto?
Daniel Perez
quick rundown on the nodes anons? I hold 140k at the moment, so I quadruple my stake and what extra benefit am I getting? aside from more value if the price goes up..
Anthony Jackson
its is because its a different system to the rest of the other cryptocurrencies... its not reliant on volume for the speed of the transaction
Camden Sanchez
...
Ayden Gonzalez
Potentially
Leo Martinez
XBY has worst coin distribution/premine than any coin on the market. Go and look at the march XBY threads in bitcointalk where they all buy it up for 1 sat.
Hunter Rogers
Biggest whale owns 90 million coins. why do you think whales pretty much dump it from 220 to 100 routinely. They don't give a fuck if theyre selling at 101x profit or 150x profit. They bought it for 1 sat.
Samuel Lee
and if dev cant be honest about that theyre a fucking liar/oil salesman. at this point even dash has better distribution and thats the worst premine scam on the market.
Nicholas Nguyen
XBY thread based on the new concept started early April
The 90million "whale" is the c-cex wallet you dope
Gavin Ross
Its actually 240m for the c-cex wallet
The next biggest is a 33m wallet
Where do you find these 90million wallet figures user? or are you just FUDing?
Lucas Russell
Yeah we all know its a different system blah blah. What specifically makes PoSign faster that other consensus methods?
Jason Cruz
lol fuck off faggot nice FUD trolling you can't afford any more coins it seems
Thomas Anderson
OK so if I get a node now, I will always have that node, and potentially generate an income stream from that node - and total number of nodes will be limited, this right?
Nathan Gray
It's not faster... It's instant
Joseph Gomez
Why don't you read through the official ann on bitcointalk you lazy nigger
>Already hit limit on coinbase >All other sites either offer SEPA (2-5 day wait) or shitty scam payment options >Even when instant CC is offered, verification takes days
This is soul-crushing It's worse than missing a train, it's having it right in front of you while a very corpulent jew holds you still and forces you to powerlessly look at the train leave the station without you
Jeremiah Baker
Also why are they written as STaTiC, is there some reason for this or is the dev fucked in the head
Dylan Hall
Thanks for the link, that was what I was looking for!
Daniel Ortiz
Static = Service Transaction Trusted in Control Borzalom is an autist though
Dylan Myers
why would anyone use anything other than local bitcoins ...
Bentley Adams
KILL YOURSELF IF YOUR TOO LAZY TO READ THROUGH A FUCKING THREAD YOU DUMB PIECE OF SHIT
"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."
faggot
Nathaniel Brown
I did, and I'm still waiting on the transaction to clear. I need like 3k euro of them,no one's going to seriously offer methods of payment outside of SEPA for that.
Christian Wilson
cancel your transaction create account on yobit go to coinmama.com buy your desired ammount of BTC with credit/debit card and let it pay out on yobit wallet buy XBY get rich thank me later user
Nathan Morales
>$1750 for 1BTC
I hate this fucking market Your choices are to either get fucked by limits and wait times or get scammed by absurdly inflated buying costs
Nolan Ortiz
Thanks, yeah bit fucken lazy, been a long ass day - now don't tell me kys if i fucked up, but on BTT it's stated 1 million XBY for a node, right to assume this is the current requirement? Couple BTC for that at this price
Setting up a node requires you to have 500100 XBY in your wallet. The 1 million is outdated info.
Jose King
Statics only cost 500.1k now
Robert Miller
>Do you insist on wagecucking your entire life and staying poor?
Oh look its the classic Amway/College for profit pitch
Wyatt Brown
Stay poor wagecuck
When will they learn?
Juan Scott
thanks boys, see you on the moon
Kevin Young
actually no living the easy life w/ free 2k a month
Samuel Nelson
What I got from that is that transactions will take AT MOST 120 seconds!?? This could easily be the coin used to get funds rapidly between exchanges. No more sitting around waiting for BTC to confirm.
Matthew Lewis
Yes you have understood correctly user
XBY is crypto 3.0 and we will be very rich
Michael Fisher
Whats the benefit of running a static node?
Hunter Ross
If they hire a marketing department to brand them selves appropriatly I'll drop 6 - 8 BTC into it.
Until then, I won't touch it. That may seem vain, but ask yourself, would you the latest , I dunno, TV with advanced features, but it was wrapped in a fisher-price case with racing stripes on it?
Branding is important (for normie adoption)
Juan Russell
I just bought 400k. All i can afford to loose now. I hope for some waves in the chart so i can gain 500k. Wish me luck
Luis Ward
Normie adoption? Nowhere near that yet. Grounbreaking tech always wins. Crypto is still super nerd territory. If the tech works xby moons regardless.
Camden Gutierrez
You should have waited for the dip, but whatever your money.
Aiden Brown
How to buy a static node then? I might as well buy one, if it is as revolutionary as you say.
Owen King
Wtf r u on about its alrrady up 30 sats since i bought and i will sell on 275 and buy the following dip
Matthew Reed
Don't be a hero senpai hold on your XBY you will become rich in 2 max 3 years
Luke Rivera
What the hell are nodes and how can you buy them? How much are they? I'm just buy crypto, idk all the pajeet language
Robert Reed
w when will the dip happen my man? i need to secure a long term position asap but my exchange wont verify my account and STILL cant buy any btc.
this is holding crypto back. I have 20k in savings but it takes weeks to buy a fucking meme coin.
Nicholas Reed
>weeks I don't know what exchange you're using but it should take a few hours usually. I don't know when the dip will happen just open a live chart and keep checking back at it. I would say to do your business with XBY this week though, the sooner the better.
Eli Campbell
So after my research, it appears that xby is a programmers attempt to revitalize a scamcoin? Why wouldn't he make a new one from scratch? Is he trying to recover his own losses?
The tech behind it is pretty interesting. Did bitmox have the same ideas behind it?
Matthew Bennett
Im australian. coinbase limits me to $150 a week. aus friendly exchanges are taking their time.
what exchange would you recommend? needs to be aus friendly
William White
No clue mate, I use localbitcoins, UK.
Evan Thompson
make account on yobit/c-cex buy btc @ coinmama.com and send to your yobit/c-cex account buy XBY and HODL get rich thank me later straya
Eli Lopez
Kek and how do we know these guys who run it now arent the original scammers running another bigger scam with this. This whole thing just seems exceptionally shady.
Anthony Rogers
Why do you keep shilling that fuckawful site? They have the worst bitcoin rate on the entire market, you can consider yourself scammed every single time you make any purchase
Leo Gray
>coinmama
literal merchants
Caleb Russell
I would never get in a coin with such shitty distribution. Fair distrib only. Not to mention the actual scammers who originated own a shit ton of coins.
Jack Bennett
well they might be more expensive but they confirm your id and send you the BTC to your wallet in one fucking hour
I already bought twice with them and they have beginner limit of 10.000 USD per day
Plus you can use credit/debitcard
If you new to crypto and need BTC fast they are an excellent option imo
Just tryin to help
Kevin Morris
AHAHAHAHAHAHAHAHAAH FUCK OFF FUD FAGGOT
Read the bitcointalk forum or join the slackchat and ask what happened with the scammer you piece of trash bullshit spreading cocksucker