Quote from: Ganjamouse on November 19, 2019, 12:14:46 PM

Quote from: XTRABYTES on November 19, 2019, 11:26:12 AM

By the logic of the poster above, the Waves platform is effectively doubling all coin supplies.

Or is this just an isolated case that he is attempting to pass to see if anyone is awake?

Why not talk about doubling the Bitcoin, Litecoin or Monero supplies?? The answer of course would be because such a claim would be ridiculous and laughed off the board... but since we are not so well known, I will take a moment to help anyone curious to understand why this is not how things work.

We need to talk about tokenization:

Bitcoin trading on Waves are wBTC.
Litecoin trading on Waves are wLTC.
Monero trading on Waves are wXMR.
And
XTRABYTES trading on Waves are wXBY.

This process does not double the supply, it creates the required tokens for the Waves platform to accurately move the real coins in and out of the coverage wallets which in turn enables accurate representation of the correlating Waves assets on the Waves exchange.

Always keep in mind that the real XBY (including your XBY) will never be transferred into the control of Waves - this is the wXBY that you see in the exchange and the only place these tokens exist is inside the Waves exchange.

First of all, either you decide to reply to a post and you leave my post right there so everyone can follow the discussion or you don't reply and you keep deleting like an angry kid that wants to hide as much information as possible from the 3 supporters left.
The only place where those wave tokens exist is on waves, the only place where XBY is possibly traded, that's a funny coincidence. It's also the place that the founders decided to push so hard for, instead of working on wallets, patents, larger exchanges, whatever, no no no all you wanted was waves and now I get why.

The waves wallet you created with the 650M XFUEL and 650M XBY that came out of nowhere is real.

Somebody clearly doesn't understand how the waves DEX operates or they would not say such inaccuracies. The WAVES DEX uses internal tokens to allow trading. For each real token you deposit in your exchange address your account is credited with the same amount of internal exchange tokens for the coin you deposited. The trades that are being conducted on the WAVES DEX are done using the internal exchange tokens. Each coin that is available on the exchange has an internal tradeable "twin token". Those tokens all run on the waves blockchain. Lots of exchanges use this principle of internal tradeable tokens to represent the holdings of the users of the exchange.
Saying XTRABYTES created 650m new tokens out of thin air is as accurate as saying that BTC created 12m new tokens so it could be traded on WAVES or that any of the tokens available on WAVES doubled their supply just so they could be traded on WAVES. If you have problems understanding how this works I would rather you come to us with questions instead of posting flat out lies in an attempt to discredit us.