Xbone
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About
Xbone is a derogatory way to address Microsoft's Xbox One console after many fans were heavily disappointed after hearing the news that it requires you to connect to the Internet once every 24 hours in order to play games. Kinect is required for it to work. You have to pay a fee to play used games. Games have to be installed in order to play and it has a hard drive that holds a mere 500 GB. It was officially announced in a live stream on May 21st, 2013.
History
The Xbone nickname actually dates to the product's announcement May 21st, 2013 . A photograph of the event has Microsoft Game Studios boss Phil Spencer blocking out the "ox" in Xbox One – what we saw then was Xb(head)one. And Xbone has stuck ever since.The term was soon adopted by skeptics using it to derisively refer to the console after its controversial introduction.
Reversal on Xbox One Unpopular Policies
A week after E3 on June 19, 2013 Microsoft announced "Update on Xbox One" where Microsoft stated that they listen to the feedback of the fans and announced "you can play, share, lend, and resell your games exactly as you do today on Xbox 360." The highlighted how the players "loved the flexibility you have today with games delivered on disc. The ability to lend, share, and resell these games at your discretion is of incredible importance to you. Also important to you is the freedom to play offline, for any length of time, anywhere in the world." Even after the controversial policies that help the term gain it's name were removed the terms continues the be used.
Microsoft Acquires "Xbone" Domain
September 12, 2013: Xbox One developer buys domain name after Major Nelson says it "disrespects" employees who are working on the platform. Microsoft Corporation is the new owner of Xbone.com. It is not clear who the original owner of the domain name was, though the name was first registered in March 2000.