Post
Topic
Board Announcements (Altcoins)
Re: [ANN] XtraBYtes - The Proof of Signature Blockchain Revolution
by
bigboss154
on 22/06/2017, 17:26:30 UTC

Theres currently 429 nodes according to the static list
http://borzalom.hu/static-list.html

There was talk about doing a sort of "raffle" to decide who gets the remaining nodes, it was mentioned about them being more expensive than the initial 500k because the original people placed more faith in the project in the early days and people joining now know more than the original node buyers did.

After this, there has been talk of having tier 2 nodes, these would undoubtedly be cheaper nodes, however they would have less consensus power, and reduced fee payment percentages.


Nodes will be sellable eventually on the new core wallet. So any of the 512 owners could put their node up for sale (probably for a bit more than market price), and anyone with the required XBY can purchase whatever is available. Smiley

hmm, so unfortunately it sounds that it is better not to buy more for starting a node, because it is not clear if I can be one of the 512.
Right?
That is really bad I have to say!
Congratulation to everybody who are invested from the beginning, but this guys still have a big benefit only because of the big price increase!

I am always very careful with projects who benefits the first investors in such a way.
I am sorry, but this sounds very dubious for me and back off people like me who will invest a lot of money!

Why not having much more nodes, if the price increase there will be enough money for everybody who has a node!
I am also invested in NEM and everybody can have a node, there is no limitation.
Have much more nodes is also better for a stable network, I really don't understand the sense of this plan except of making rich people richer!



I am not exactly sure what you are trying to say. Anyone with enough XBY will be given the chance to buy a tier 1 node, as some node owners will want to break their nodes to sell the 500k they used to create it. The broken nodes get replaced with new ones in a raffle system to keep the process fair (you get your XBY back if you do not win). Or you could buy one directly through the wallet from a node owner. And then there will be different tiered nodes that will be available.

I am just saying that it is not for sure to start a node even if you buy a lot of XBY!
Only having a chance to buy a node sounds like lottery to me, or I am wrong ?

Or you could buy one directly through the wallet from a node owner

Why should somebody sell his high requestet node that brings you lot of money?
Nobody would do that! Or you would do that only for a very high price!

And then there will be different tiered nodes that will be available.

Sorry, but this sounds not fair to me! Early investors still getting too much benefits!

And again, why not having equal nodes for everybody like in the NEM blockchain?







There is not an infinite amount of coins available and 500k was the amount chosen by the community. Too many coins will be taken out of circulation if there is not a cap, nearly 1/2 at 512 nodes. The market will decide whether or not there is demand for nodes at whatever prices sellers set, and if not, they will have to lower it closer to market price. No one knows how much they will go for. I wouldn't say it's 'not fair', it's just supply and demand. NEM nodes have a much smaller ratio between the cost of a node and max circulation. At only about 1200 nodes, all of the coins will be taken out of XBY's circulation. For NEM, it would take 3000.