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We are very pleased to bring you this special announcement. Please join us in celebrating this historic event.
https://blog.xtrabytes.global/xtrabytes/xby-community/merry-christmas-with-patent-pending/
https://blog.xtrabytes.global/xtrabytes/xby-community/merry-christmas-with-patent-pending/
The creator wallet (account in waves terminology), our beloved 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn, is also not scripted. I would recommend adding a RIDE script to disallow exchangeTransaction for the wallet. That would make the acount and the wXBY token more trustworthy to me. (see https://docs.wavesplatform.com/en/ride/structures/transaction-structures/exchange-transaction.html)
All other operations are still valid but you lock exchange trading. You can add a script to a wallet / account after creation as long as you have the private key / seed phrase.
Cheerio lads!
All other operations are still valid but you lock exchange trading. You can add a script to a wallet / account after creation as long as you have the private key / seed phrase.
Cheerio lads!
If you can add the RIDE script after the creation, doesn't that also mean you can remove it? How does this make it more trustworthy. If the owner of that wallet is planning to do bad things with it he can just remove the script and do the bad things he intended to do.
Thanks for the examples golden!
And the gateway wallet is exclusively used for the transfer in- and out of waves, right?
And the gateway wallet is exclusively used for the transfer in- and out of waves, right?
I don't see any other use for this wallet that the transactions coming in and out of the gateway. How could you possible maintain a reliable gateway that will always have sufficient funds for people to withdraw if you would use that address for any other purposes?
and BTW @Ganjamouse, here are the links to our social media accounts where people who have valid questions (not baseless accusations) can come to ask them:
Discord
Reddit
Twitter
Facebook
Telegram
Youtube
All these links are still alive and available for everyone who hasn't been banned. If you have been banned, perhaps you should ask yourself the question why that happend
Discord
Telegram
Youtube
All these links are still alive and available for everyone who hasn't been banned. If you have been banned, perhaps you should ask yourself the question why that happend
The XBY wallet on waves is a smart wallet correct?
There is no XBY wallet on WAVES, there is an wXBY token on WAVES which is a smart asset. As you can read in my previous explanation, the XBY sent to the WAVES exchange is sent to the gateway which is responsible for "crediting" your WAVES account with the correct amount of wXBY, the "twin token" for XBY you can use on WAVES to execute trades on their DEX.
As for this transfer transaction CrytoCracy2020 talked about, the alphanumeric string (B9KEBf3vUtZkBwm8vVJYefB9Xn1S8k8YBz) in the attachment is the address where the real XBY needs to be send to. You can find this transaction here in the XTRABYTES blockexplorer. Needles to say that the amount you can see in the blockexplorer is after the transaction fees had been deducted. As you can see in the WAVES blockexplorer the recipient of this transfer transaction was the gateway wallet (or creator wallet if you will) 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn, and if you look at the XTRABYTES blockexplorer you can see that the sender was a regular XBY address BHr887z8M9vZCxSSu8Kn7A6bvsE6cd6Y8n and not the gateway address 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn and the receiver address was B9KEBf3vUtZkBwm8vVJYefB9Xn1S8k8YBz the alphanumeric string that could be found in the attachment of the WAVES transfer transaction.
So yes this was a withdraw of XBY from the WAVES DEX that passed through our gateway, wXBY tokens from the user account to the gateway address and real XBY from the gateway to the users XBY address. The transfer of the wXBY tokens to the gateway address triggered an XBY transaction from the gateway address to the address in the attachment.
So yes this was a withdraw of XBY from the WAVES DEX that passed through our gateway, wXBY tokens from the user account to the gateway address and real XBY from the gateway to the users XBY address. The transfer of the wXBY tokens to the gateway address triggered an XBY transaction from the gateway address to the address in the attachment.
Thank you for that elaborate explanation CryptoCracy2020. It does miss an important fact imo, that fact that the XTRABYTES token used to trade on the WAVES DEX (wXBY) and the XBY you have in your XBY wallet are 2 different tokens that use a different blockchain. wXBY is a smart asset (https://docs.wavesplatform.com/en/blockchain/token/smart-asset.html) used on the WAVES blockchain, it only exists on the WAVES blockchain and it cannot be transferred to a real XBY address. When you transfer XBY to your WAVES account using the gateway the coins deposited in your XBY address are being paired automatically with the same amount of wXBY tokens on your WAVES address. when you trade XBY on the waves DEX, or any other exchanges that (would) allow the trade of wXBY, you are trading wXBY and not real XBY. To withdraw XBY from you WAVES account you first need to convert wXBY back to real XBY by going through the gateway again. The wXBY paired to the real XBY you want to withdraw is transferred back to the wXBY creator address and the real XBY is transferred to your XBY wallet.
This process is the same for each non WAVES based token/coin that is tradeable on the WAVES DEX (BTC, LTC, ETH, ZEC, BCH, XMR, ...),for each of these coins a WAVES based token was also created on the WAVES blockchain. Waves DEX does not use the native non WAVES based tokens to conduct transactions, it uses the "twin tokens" for these assets.
So no, XTRABYTES did not create an additional 650M XBY when we created the gateway for XBY, what we did was create a WAVES based token so the WAVES blockchain would be able to process trades for XBY. Why 650M wXBY and not 100M or 10M, the answer is simple we don't know how much XBY will be traded at one time on WAVES but we know it can't be more than the maximum supply of XBY coins, which is still 650M, even after the creation of wXBY. Just like the supply of BTC did not go up after the creation of wBTC or any of the other coins for which a WAVES token was created to facilitate trades on the WAVES DEX. If this was the case that there would need to exist a block on the XBY blockchain where 650M new XBY coins were added to the blockchain, which of course doesn't exist like anyone can check using the publically accessible blockexplorer.
It's also important to know that the wXBY token itself has no value of it's own, 1 wXBY represents the ownership of 1 real XBY coin. wXBY is only used for record keeping on the WAVES blockchain and nothing more, again the wXBY token itself has no monetary value of it's own.
The creator address for wXBY is connected to the automated gateway service, so every time someone deposits XBY his/her XBY address associated with his/her WAVES account the same amount of wXBY is added to the WAVES address associated with that amount. Every time someone withdraws XBY from WAVES the same amount of wXBY is transfered from his/her WAVES address to the creator address. That is why apart from the initial issue transaction you will only see transfer transactions for the creator address 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn.
Furthermore, it doesn't matter where the wXBY tokens are being traded, the WAVES DEX or any other exchange that allows the trade of wXBY (non for as far as we know). If you want to withdraw the XBY to you personal XBY wallet you need to go through our gateway. You can not transfer wXBY tokens to a XBY wallet. This means that you can't send wXBY to another exchange that offers real XBY pairs to sell wXBy.
This process is the same for each non WAVES based token/coin that is tradeable on the WAVES DEX (BTC, LTC, ETH, ZEC, BCH, XMR, ...),for each of these coins a WAVES based token was also created on the WAVES blockchain. Waves DEX does not use the native non WAVES based tokens to conduct transactions, it uses the "twin tokens" for these assets.
So no, XTRABYTES did not create an additional 650M XBY when we created the gateway for XBY, what we did was create a WAVES based token so the WAVES blockchain would be able to process trades for XBY. Why 650M wXBY and not 100M or 10M, the answer is simple we don't know how much XBY will be traded at one time on WAVES but we know it can't be more than the maximum supply of XBY coins, which is still 650M, even after the creation of wXBY. Just like the supply of BTC did not go up after the creation of wBTC or any of the other coins for which a WAVES token was created to facilitate trades on the WAVES DEX. If this was the case that there would need to exist a block on the XBY blockchain where 650M new XBY coins were added to the blockchain, which of course doesn't exist like anyone can check using the publically accessible blockexplorer.
It's also important to know that the wXBY token itself has no value of it's own, 1 wXBY represents the ownership of 1 real XBY coin. wXBY is only used for record keeping on the WAVES blockchain and nothing more, again the wXBY token itself has no monetary value of it's own.
The creator address for wXBY is connected to the automated gateway service, so every time someone deposits XBY his/her XBY address associated with his/her WAVES account the same amount of wXBY is added to the WAVES address associated with that amount. Every time someone withdraws XBY from WAVES the same amount of wXBY is transfered from his/her WAVES address to the creator address. That is why apart from the initial issue transaction you will only see transfer transactions for the creator address 3PCfwK2hgYjoKwsgRg7wgBSYF3EXSgXyXfn.
Furthermore, it doesn't matter where the wXBY tokens are being traded, the WAVES DEX or any other exchange that allows the trade of wXBY (non for as far as we know). If you want to withdraw the XBY to you personal XBY wallet you need to go through our gateway. You can not transfer wXBY tokens to a XBY wallet. This means that you can't send wXBY to another exchange that offers real XBY pairs to sell wXBy.
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.
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.
... Beside that, this is not your decision but a court has to decide this ...
I propose you follow your own advice instead of playing Judge jury and executionor yourself
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So what your saying is that for every XIP token bought the supply of Xfuel/XBY will be reduced by 1k or those will be Locked away ? if not you are effectively adding 1k of those tokens for every XIP sold.
Let me give you a better example for you to understand.
If you buy a regular share using USD, is that USD being taken out of circulation and does that share become a means to pay your bills? No the USD goes to the seller and if you need the money your share is worth you need to sell it for USD. The same applies for tokenised shares, they are not coins and you need to sell them if you want to spend the money they are worth.
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How many of these XIP tokens are you going to be Creating ? and that wont happen before Everything is Pending and Verified right ?
You Doubled the coin supply with Xfuel .. and now you are adding XIP so from 650 m to 1.3 B and now you are adding How many more potentially ?
In Crypto Value is in big part Supply and Demand if you go on Adding more to the supply and its not a Fixed total it hard to invest in something .
"we believe its far better to simply incorporate two coins to meet this need."
how is this any better then using side chains ?
You Doubled the coin supply with Xfuel .. and now you are adding XIP so from 650 m to 1.3 B and now you are adding How many more potentially ?
In Crypto Value is in big part Supply and Demand if you go on Adding more to the supply and its not a Fixed total it hard to invest in something .
"we believe its far better to simply incorporate two coins to meet this need."
how is this any better then using side chains ?
XIP is not a coin, it is the tokenisation of the shares of Xtrabytes Intellectual Property Inc. which mean that XIP is a product you can purchase using XBY & XFUEL much like you can "buy" a node. This is how you use blockchain to regulate ownership of goods, so instead of receiving a paper receipt for your share you receive a token. You will not be able you use XIP to use any of the dAPPs running on our platform, the XIP token is a proof of ownership of the share that is associated with it.
I don't think we stated that our solutions is better than using sidechains, we just believe that using to different coins which each have their own blockchain with their own technical specifications is a good solutions for what we want to accomplish.
21 months for the patents btw, think we might see patents by the end of the year?
Hey man...not to rain on your parade or anything, but you've claimed to be me (grant) and BHawk. BHawk and I aren't the same person. It might be time to move along.
Thanks,
The Real BFA
I like how you have only 1 post on your entire account
Thanks,
The REAL BFA
Quality over quantity
this project is full of alt accounts and newbies lol
@CCR - If the patents need to be pending first, is there any purpose to the economic model?
@CCR - If the patents need to be pending first, is there any purpose to the economic model?
People have long asked about our economics model and we believe it is important for people to understand the bigger picture behind our decission to have 2 different coins. I personally think there is never a wrong time to explain the basis of your economics model.
And to address your "newbie" and "alts" remarks, I have been a member of the team for almost 2 years, the fact that I only recently made an account on BTC says more about what I think about the platform than it says about who I am. And despite my personal thoughts about this platform because my team feels it can have an added value posting here I decided to join anyway. This doesn't make me an alt or someone that is new to the cryptoshere, it just means I only recently joined BCT.
An Introduction to the Economic Landscape of XTRABYTESTM
Contrary to what most cryptocurrency projects seek to accomplish, XTRABYTESTM is building a platform that will bring the benefits of decentralization to a variety of everyday tasks (beyond simply serving as an alternative payment processor). Consequently, XTRABYTES intends to provide blockchain solutions that offer greater functionality than currently found in other cryptocurrency projects.
Although decentralized P2P payments have long been the mainstay of the crypto industry, we seek to substantially improve their accessibility. In particular, we intend to broaden the scope of payment options available to individuals who engage in a variety of different types of transactions.
Accordingly, weve identified various payment mechanisms suitable to such interactions (all of which retain unique technical requirements). Among the many payment methods identified are:
- instant peer-to-peer payment
- automated payments linked to smart contracts
- fee-less micropayments
- ...
Our Solution
Combining these payment methods in one coin typically necessitates technical compromises. At XTRABYTES, we believe its far better to simply incorporate two coins to meet this need.
By allowing for two coins, were able to provide users with access to two blockchains (both of which are compatible with one or more specific payment methods) that each have their own technical specifications.
Moreover, our platform enables us to link different types of payment methods to different types of users. While some of these transactions will occur on the client-side of the platform, others will take place on the server-side. This is one of the primary reasons we created XFUEL.
Although we have faced continued criticism about creating a second coin, we appreciate the fact that community members did not have this information and so could not accurately judge this decision.
By retaining two different blockchains, were able to optimize the many different payment methods that our platform will require. As you can see, XFUEL was not created simply as a means to pay for work and development.
Who's who
The big question on everyone's mind is How do XBY and XFUEL fit into the network?.
To start we need to identify the main entities that will make up our network:
- STATICs & STATIC owners, as the backbone of the network, provide the services needed to run the network. In addition to providing storage and computational power, they also oversee the addition of new information to the network.
- dAPPs & dAPP owners, offering STATIC-provided services in a user-friendly way, facilitate network access and help users benefit from its decentralized nature.
- Users and others looking to take advantage of a fully decentralized network in various aspects of their daily life.
XBY & XFUEL
The short answer: users will use XBY to use the dAPPs and dAPP owners will use XFUEL to pay for the services offered by the STATICs.
All dAPPs developed by XTRABYTES will be built on this principle and this will also be a requirement for any dAPP that is run on our network.
To give a simple example:
Someone developed a dAPP that allows people to book a service. However, the app requires data storage & P2P transactions. The user who wants to book the service will pay the dAPP owner in XBY. And the dAPP owner will pay for the data storage and P2P transaction service in XFUEL.
This will create 2 markets, a market between the users and the dAPP owners for XBY and a market between the dAPP owners and the STATIC owners for XFUEL.
As the network grows so will the number of people using dAPPS. Likewise, dAPPs that require STATIC-provided services will grow as well. Together, we expect these dAPPs to have a positive influence on the supply/demand equilibrium of XBY and XFUEL.
Besides the service fees the STATIC owners will receive from the dAPP owners they will also receive the transactions fees for both the XBY and XFUEL transactions.
On top of that, both coins can be used to register a STATIC node or buy a future XIP token (tokenized shares of XTRABYTES Intellectual Property). This would have the added benefit of including STATIC owners in the XBY market and users in the XFUEL market.
Valuation
The intrinsic value of both XBY and XFUEL is considered equal, meaning that; where both XBY and XFUEL can be used for the same purpose in the network, 1 XBY equals 1 XFUEL. (For example 1 XIP = 1000 XBY = 1000 XFUEL, or level 1 STATIC = 500k XBY = 330K XBY + 170k XFUEL).
We expect that the market value for both coins will achieve equilibrium as a result. However, its ultimately the market that will determine the price of both coins and savvy traders will find themselves able to profit from fluctuations between these markets.
Contrary to what most cryptocurrency projects seek to accomplish, XTRABYTESTM is building a platform that will bring the benefits of decentralization to a variety of everyday tasks (beyond simply serving as an alternative payment processor). Consequently, XTRABYTES intends to provide blockchain solutions that offer greater functionality than currently found in other cryptocurrency projects.
Although decentralized P2P payments have long been the mainstay of the crypto industry, we seek to substantially improve their accessibility. In particular, we intend to broaden the scope of payment options available to individuals who engage in a variety of different types of transactions.
Accordingly, weve identified various payment mechanisms suitable to such interactions (all of which retain unique technical requirements). Among the many payment methods identified are:
- instant peer-to-peer payment
- automated payments linked to smart contracts
- fee-less micropayments
- ...
Our Solution
Combining these payment methods in one coin typically necessitates technical compromises. At XTRABYTES, we believe its far better to simply incorporate two coins to meet this need.
By allowing for two coins, were able to provide users with access to two blockchains (both of which are compatible with one or more specific payment methods) that each have their own technical specifications.
Moreover, our platform enables us to link different types of payment methods to different types of users. While some of these transactions will occur on the client-side of the platform, others will take place on the server-side. This is one of the primary reasons we created XFUEL.
Although we have faced continued criticism about creating a second coin, we appreciate the fact that community members did not have this information and so could not accurately judge this decision.
By retaining two different blockchains, were able to optimize the many different payment methods that our platform will require. As you can see, XFUEL was not created simply as a means to pay for work and development.
Who's who
The big question on everyone's mind is How do XBY and XFUEL fit into the network?.
To start we need to identify the main entities that will make up our network:
- STATICs & STATIC owners, as the backbone of the network, provide the services needed to run the network. In addition to providing storage and computational power, they also oversee the addition of new information to the network.
- dAPPs & dAPP owners, offering STATIC-provided services in a user-friendly way, facilitate network access and help users benefit from its decentralized nature.
- Users and others looking to take advantage of a fully decentralized network in various aspects of their daily life.
XBY & XFUEL
The short answer: users will use XBY to use the dAPPs and dAPP owners will use XFUEL to pay for the services offered by the STATICs.
All dAPPs developed by XTRABYTES will be built on this principle and this will also be a requirement for any dAPP that is run on our network.
To give a simple example:
Someone developed a dAPP that allows people to book a service. However, the app requires data storage & P2P transactions. The user who wants to book the service will pay the dAPP owner in XBY. And the dAPP owner will pay for the data storage and P2P transaction service in XFUEL.
This will create 2 markets, a market between the users and the dAPP owners for XBY and a market between the dAPP owners and the STATIC owners for XFUEL.
As the network grows so will the number of people using dAPPS. Likewise, dAPPs that require STATIC-provided services will grow as well. Together, we expect these dAPPs to have a positive influence on the supply/demand equilibrium of XBY and XFUEL.
Besides the service fees the STATIC owners will receive from the dAPP owners they will also receive the transactions fees for both the XBY and XFUEL transactions.
On top of that, both coins can be used to register a STATIC node or buy a future XIP token (tokenized shares of XTRABYTES Intellectual Property). This would have the added benefit of including STATIC owners in the XBY market and users in the XFUEL market.
Valuation
The intrinsic value of both XBY and XFUEL is considered equal, meaning that; where both XBY and XFUEL can be used for the same purpose in the network, 1 XBY equals 1 XFUEL. (For example 1 XIP = 1000 XBY = 1000 XFUEL, or level 1 STATIC = 500k XBY = 330K XBY + 170k XFUEL).
We expect that the market value for both coins will achieve equilibrium as a result. However, its ultimately the market that will determine the price of both coins and savvy traders will find themselves able to profit from fluctuations between these markets.
Have they just deleted my post too? I fail to see how mine was spam but rather then a critique of the current state of affairs.
Hello - Not a problem, mistakes happen, we're all human
I've had plenty of dealings with various members of the team over the course of the last few years. I've also had a good look into the LinkedIn accounts posted (sadly none available for Borz or Dave). I fail to see any relevant experience in the FinTech arena which leads me to believe that the experience isn't there, therefore its safe to say its amateurish.
I admit we all have to start somewhere, but a few experienced heads on board wouldn't be the worst thing.
The reason why borz has not choosen to make his personal information public is because he choses to stay out of the limelight. If you are willing to take my word on it I can tell you that Borz has been working in cryptography for many year and is very experienced in the field. As for the rest of the team, we have all levels of experienced people ranging from people who are new to blockchain to people that have degrees in CS and who specialized in blockchain technology. We cannot force people to come forward with their personal profiles especially with all the 'love' we have been receiving this past year. We all want to contribute to the project but none of us want our relatives to be harrased by these people, something I have experienced first hand myself so I understand them all to well.
Hey Golden, hope you're well.
I do understand the reasons for keeping identities secret. I'm sorry that you've had first hand experience of people harassing people close to you. There is a line which people cross all too frequently sadly.
I also am unable to take your word for it, sorry, its not a judge on your character but it comes back to the age old adage that if I trusted everyone on the internet i'd have a few hundred million dollars from a Nigerian prince by now
One final point on the identities thing, as Dave is know known (something which I also didn't agree with when someone posted that thing on 4chan), is why he is going by the pseudonym of CCRevolution still? With one founder "public" it may also restore some confidence in the project.
I see why the deleted posts count are high now by the way.
I understand why you don't blindly believe a stranger on the internet, I can't dissagree on that, but all I can give you at this point is my word.
I think the reason why Dave is still using his pseudonym is because he's know to the larger community like this.
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The company doesn't necessarily need to be decentralized, although we are aiming to do this as well. For the blocKchain to be effective the network needs to be decentralised, the security comes from a decentralised network that can't be controled by a single entity. And you may or may not have seen the news lately but patents are becoming more and more common in crypto space.
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You claim this to be a community coin but the community has nothing to say. There is no way to implement anything from the community nor is a veto possible as long as the company own the rights. The company leads the way this thing is going. This has NOTHING to do with decentralization. If anyone complains about the few block producers at EOS, this is even worse, where only one entity decides everything.
A company owning the patents doesn't mean they can control the blockchain itself, the patents only protect the ownership of the idea/concept, it doesn't give the owner control over the blockchain an important difference you fail to grasp. And a decentralised company is not that different from a foundation governing the project.
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You ask why we haven't ramped up marketing, well simply because we want to show actual things we can market and we don't want to sell promisses. Our main priority is getting the tech out there, not creating price pumps based of marketing hype.
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I am asking why you are making marketing! You are making marketing for two years without the blockchain released. Everything is running with a Bitcoin fork with PoW removed and now you are trying to twist it as if you would not be making marketing. What is this thread?
If you're calling the posts we have been making lately about the test release of our wallet a marketing campaign then you clearly have no idea what a marketing campaign should look like, yet you accuse us of being amateurs while you yourself clearly don't have a clue what is required to get attention in this space. When we are finally able to show the technology you will see what marketing needs to look like.
But it looks to me you rather complain about us keeping our community up to date with what is happening.
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If you are willing to take my word on it I can tell you that Borz has been working in cryptography for many year and is very experienced in the field.
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Let's pretend this is correct, though it would be plain simple to approve it but you do not approve it for whatever reason. Nevertheless, let's pretend, how can people like Allen and Ashley who have no programming background confirm the code to be unique? Where is this ability coming from without any advanced programming background?
Allen and Ashle were more than capable of recognizing the uniqueness of the idea/concept we plan to bring to this space, they don't need to understand one line of code for that (the code is just the execution of that idea/concept). I can read a white paper and determine if the idea is unique/groundbreaking/ without seeing one line of code. The fact that we plan to go about the concept of blockchain in a completely different way is the reason we are able to apply for patents, because the general idea of blockchain is already out there and can't be claimed by anyone.
If Bozalol would be a pro, there would be things he had published before. If you were a legit project, there would have been a lot more releases. If your tech is real, you would have released it. If you believe in your project, Dave would have made a video praising all the things coming up for maximum marketing.
A patent is no benefit for a public blockchain but a downside. This is no decentralization but centralization. How can a project be decentralized if a company owns all the rights? And your fear of someone forking the chain is ridiculous. Tell me one chain that has been forked where the fork is more successful than the original.
Everything you say is nonsense and you ask how people think you are no pros?
A patent is no benefit for a public blockchain but a downside. This is no decentralization but centralization. How can a project be decentralized if a company owns all the rights? And your fear of someone forking the chain is ridiculous. Tell me one chain that has been forked where the fork is more successful than the original.
Everything you say is nonsense and you ask how people think you are no pros?
The company doesn't necessarily need to be decentralized, although we are aiming to do this as well. For the blocKchain to be effective the network needs to be decentralised, the security comes from a decentralised network that can't be controled by a single entity. And you may or may not have seen the news lately but patents are becoming more and more common in crypto space.
You ask why we haven't shown our technology, that questions makes me doubt if you understand the concept of a patent.
You ask why we haven't ramped up marketing, well simply because we want to show actual things we can market and we don't want to sell promisses. Our main priority is getting the tech out there, not creating price pumps based of marketing hype.
And ask yourself how valuable bitcoin would be if there weren't over a 1000 forks that drew away trading value from it.
But I see the narritive has changed from spreading lies to try to undermine the capabilities of the team, I wonder what's next.
Have they just deleted my post too? I fail to see how mine was spam but rather then a critique of the current state of affairs.
Hello - Not a problem, mistakes happen, we're all human
I've had plenty of dealings with various members of the team over the course of the last few years. I've also had a good look into the LinkedIn accounts posted (sadly none available for Borz or Dave). I fail to see any relevant experience in the FinTech arena which leads me to believe that the experience isn't there, therefore its safe to say its amateurish.
I admit we all have to start somewhere, but a few experienced heads on board wouldn't be the worst thing.
The reason why borz has not choosen to make his personal information public is because he choses to stay out of the limelight. If you are willing to take my word on it I can tell you that Borz has been working in cryptography for many year and is very experienced in the field. As for the rest of the team, we have all levels of experienced people ranging from people who are new to blockchain to people that have degrees in CS and who specialized in blockchain technology. We cannot force people to come forward with their personal profiles especially with all the 'love' we have been receiving this past year. We all want to contribute to the project but none of us want our relatives to be harrased by these people, something I have experienced first hand myself so I understand them all to well.