Damn guys, you are really trying to make some FUD with your statements.
Everything what you have said is making this project even bigger because it's community never been stronger. Bye bye, and thank you on your 100k XBY or whatever that amount was.
Well, it isn't about the community per se. As a investor, do you not want clear and consistent communication? Yesterday, Me, my friend and a couple of others invested in this project and because we REALLY believed in it. We helped to take down the walls that was keeping the price from moving. I don't intend to sell yet, but can you please tell me why I should keep as well. P.S I'm holding 9.2 BTC worth
I'm not threatening to sell, but if deadlines are not kept, I can't say that I feel confident either. If I sell mine the price will drop sharply unfortunately and I do not want to do that to a project that I just found and am interested in.
My brother is holding around 18.9 BTC worth from the wall, he says "Just sell!". But I want to hear from the community first please.
Here you can chat directly with devs on the community chat:
https://community.xtrabytes.global/chat/ writting that you are not fudding, and indirectly writting about letting go of tens of btc is fudding!!! You are a fudder even if you pretend not to be...and if you are not get your answers from the chat : @ donovank: The devs are have been working all night on the sync issue, a sollution is on it's way no worries
We are providing as much info as possible, as fast as possible, but we arent spreading rumors.
There is a constant chat with the developpers, the moment updates come our way and the tests have been positive, announcements are made.
Well, when it comes to a project this size, I believe as well that clear and concise information is tantamount to it's success. A good example would be Ethereum. Ethereum has always weighed in with the community on developments, bugs and whatnot and this community seems close as well. But just out of curiosity, I believe that the company registration won't probably be done till next year If I understand it correctly. But for the patent pending status, Did any of the moderators / or can any of the moderators post the confirmation number so that we would be able to check the status of the patent online? I believe that this is important because it would not only give strong incentive for alot of people to buy into the product, but also to assure us that the product itself will be patented. I also think this is important because it does not hinder the project in anyway, and the status would still be granted regardless. But without the number for the patent, there is not anyway to check if the patent was truly submitted. (I see that the community relies heavily on price as well with the "TO THE MOON" posts, but that's virtually all cryptos).
This move would help alot because it could be used to hinder FUDing in it's tracks without hurting the patent status. If one of the developers submitted it, they should have access or a record of the number that can be searched publicly at the USPTO site.
https://www.uspto.gov/patents-application-process/search-patents (this one)
TLDR : It could draw a ton of new investors and give strong legitimacy to the project while putting an end to alot of the FUDing that goes on. This would also add strong steady growth to the project as a whole.
As for the company itself, I was wondering because if the company registration is tantamount to the success of public participation in the testnet, I believe that it will be impossible this year since one month isn't the normal to register a company. Don't take this the wrong way though. Social security and many other 'red tape" bureaucracies tend to take a long time to deal with paperwork as well. But by having a public record on-file, it can help to say to FUDers "hey! look at this link!" and you could simply point them there. I think this is important to have when in an unmoderated forum as well. Since it allows for due process to guard against both hype and non-hype.
Edited for clarity
P.S - I'm a MBA (Business Major) / MSCS (Comp sci) in Virginia (my homeland in the US). So my views are probably a little based on that as well, but I do wish to see this project succeed.
Ok first of all the testnet is not coherent with the patent filling. You are mixing things up.
The patent filing has everything to do with making the company Xtrabytes and protecting the IP.
The testnet places have been filed and we will give an update soon on when the test will take place.
That is all that XBY is communicating for now.
Ah I see! Thanks for that, i was curious. But now about the testnet. I understand that this is not the mainnet release, so the circulating supply will not be decreased. Which means that the circulating supply will not be reduced on CMC or the price? Also from the looks of it. I understand that one of the members posted that we need "patent pending" status. So to get this, the mod / developer who posted it will need to receive the confirmation by mail. From the time of applying to receiving, it should take about a month from my research into the patent filling / patent pending process. So this means that the testnet announcement won't come until at least February correct?
About the subject of the company patent. For the developer that submitted the patent, he should have a patent number that we can publicly access on:
https://www.uspto.gov/patents-application-process/search-patentsPosting the patent number will allow me and other investors to be able to search the patent to see if it has "patent pending" verification (or at the current stage of the submission). This will not affect the project and will give me and other investors / traders validation of the patent being submitted. The number should have been acquired when he submitted the patent. If it's okay, would he be willing to submit the confirmation number?
Now after this test, you mention that Xtrabytes is making and registering a company. But as me and another user pointed out and from my research and links that I posted from my research in other posts, registering a company can take up to a year. Does this mean that if the mainnet is dependent upon the registering of the company, that the static node lockup will not occur until next year? If the patent filling is for the company to be built as well, does that mean that he has not submitted the forms for the company to be registered or is there any source for validation that he has submitted it?
If you can answer my concerns / questions. I would be extremely grateful. Without the patent pending number, it's impossible to validate it's submission. I'm not too concerned about the company filing since I understand that it can take an extremely long time (the average time of registration for a company in the United States is roughly 1 year, but it can take 2-3 years if there's a backlog), but I am mostly concerned since the patent number can be released to help assure investors without sacrificing the anonymity of the developers or harming the project. (Also if i'm understanding correctly the mainnet is reliant upon the company being registered, doesn't that mean that Xtrabytes can't be fully deployed until 2019 and the circulating supply wont be reduced either till 2019+ and that everything we have now is just experimentation / vaporware?).
Also as another user pointed out, does it have to remain close-sourced? Why doesn't he make it open-sourced so he can release the mainnet immediately after the testnet so the circulating supply can be reduced and he can still patent it while it's open sourced so that everything won't be delayed for one year? The patent can still be filed and no one could steal his new chain without credit.
I think this technology is innovative btw, don't get me wrong. But as a resident of the United States and a person who delves in business, I understand how long red-tape can deny a project. Rather than the tech itself, i'm curious how the project can be rolled out before 2019 with the legal and red-tape delay challenges that it faces from my research.
Also according to this
https://en.wikipedia.org/wiki/Patent_pending"In the United States, according to the United States Patent and Trademark Office, the expression "Patent Pending" as such does not protect an invention until the actual patent is published and/or issued" - Doesn't this mean that we have to wait until we get the actual patent (3 years+) or someone could steal his technology which is the reason that it's being pursued?
Sorry for the long post but, the issue is that nothing is adding up from my research into the deployment process, can a developer clear it up for me please? It seems that Xtrabytes can't have its mainnet deployed until 2019+ if we need the patent. Which means no cmc reduction (static nodes isn't financially viable atm except for experimentation) and that the period between the current testnet and actual deployment would be more than one year.