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Do we know how many coins will be distributed for a btc to the first day buyers?
About 113,000 without taking bonuses into account. We could be a little more precise and figure: First 2 days with 30% bonus, 400 BTC invested............. 400X1.3= 512 parts Second official day with 29% bonus, 200 BTC................ 200X1.29= 258 parts Third official day with 28% bonus, 150 BTC.................. 150X1.28= 192 parts total BTC, 750. Total parts .................................................... 962 parts Each part then is worth 88357 coins. Multiply parts by bonus to get: Share with 30% bonus.......... 114864 coins Share with 29% bonus.......... 113981 coins Share with 28% bonus.......... 113097 coins math check: 400 shares with 114864 coins each........... ~45.9million 200 shares with 113981 coins each.......... ~22.4million 150 shares with 113097 coins each.......... ~16.9million total.....................................................~85 million I calculated different figures assuming as follows: 100,000,000 coins / 750 BTC cap = 133,333 crypti per BTC invested in the presale. If the investment was made on day 1 (30% bonus), in that event 30% of 133,333 = 40,000 Crypti = 173,333 in total If this is right and each Crypti has a notional market opening value of 0.0000075 BTC, then 173,333 x 0.0000075 = 1.299975 BTC or 1.3BTC Having regard to the obvious demand for Crypti, price rises may involve orders of magnitude in the first few hours of trading. If this is correct, here are some figures based on a presale investment of 1 BTC on day 1 of the presale: 0.0000075 BTC per Crypti = 1.3 BTC (based on US$638 per BTC = $829.40) 0.000075 BTC per Crypti = 13 BTC " $8,294.00 0.00075 BTC per Crypti = 130 BTC " $82,940.00 0.0075 BTC per Crypti = 1300 BTC " $829,400.00 0.075 BTC per Crypti = 13000 BTC " $8,294,000.00 Market cap of BTC is plainly not going to be exceeded by a new coin, but between one and three orders of magnitude increase in value are theoretically possible out of the starting gate and 4 or 5 orders of magnitude are possible in a year or so. By way of disclaimer, I have invested all I have in the presale and accordingly I am in no position to be objective but I thought it would be fun to share these figures in the hope (speculation aside) that at least the calculations are correct (outwith the fact that the suppositions on which increases in value are posited may be entirely incorrect)
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rofl basic math.
so basic it is math that has no relation to reality.
I was also doing some basic math, if crpyti reaches 250btc per coin. that's a lot of money
You may be quite right Jibble. Though on the other hand, the pizza parlour owner who sold a pizza for thousands of bitcoins (in the fantastic belief the coins would have substantive value at some future point) was equally if not more foolish ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Not really, you have historical data that can be used here, for bitcoin there was nothing, bitcoin with 13 million coins currently and crypti with 100 million. you did zero research you basically assigned a random high value to a single coin and times it by 100 million. no evidence to suggest why it might reach that other than "someone bought pizza for bitcoin" is not evidence at all, just wishful thinking how exactly are you equating saying "a coin will be worth vastly more than bitcoin" to "someone saying these will be worth more in the future" one is saying they will be worth more, 1 is using pure imagination to arrive at their conclusion, ignoring all the facts laying before them in 4 years of historical data It is difficult for me to disagree with you Jibble. I shall therefore leave that to others. “Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.”
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rofl basic math.
so basic it is math that has no relation to reality.
I was also doing some basic math, if crpyti reaches 250btc per coin. that's a lot of money
You may be quite right Jibble. Though on the other hand, the pizza parlour owner who sold a pizza for thousands of bitcoins (in the fantastic belief the coins would have substantive value at some future point) was equally if not more foolish ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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I was doing some basic math. If an investor holds 1 BTC worth of Crypti, that translates to 100,000 coins (plus early investment bonuses which all investors must get to some extent because they are essentially sold out already to all intents and purposes).
If the price per Crypti hits 0.16 BTC, that would value each Crypti at $100, yielding a return of $12.5m dollars on an investment of 1 BTC. However, the fast buck merchants will sell at x4 or x10 which will give investors who missed out on the IPO a crack at making long term money.
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I do not claim specialist knowledge but beyond a peradventure I think thats probably right wulf.
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Interestingly the trolls have grown quiet. Imagine their growing horror as they saw the presale ticking away like a swiss watch. Had they really missed out on a potentially seismic event in crytocurrency evolution just because they were too busy making horrid comments? The first few minutes of trading action will be electric. Almost worth the sum of my meagre investment just to see what happens next. Kick off at 00.00 UTC on 10 August 2014 should be fascinating. Fear, greed, wisdom, ignorance, arrogance, excitement. Should be a spectacle to remember provided whales have not somehow managed to get hold of more than 2% each. By way of disclaimer (and to feed the trolls in the unlikely event the exciting new development does not immediately meet market expectations) I thought you should know that I sold the ranch. Entirely invested in Crypti now (as of day 2 and a little more invested on day 3 for good measure). Beginning to think the investment on day 3 might have been too late as the cap may already have been reached unless some buyers pull out. Hard to tell but the d00ds at Bter probably know the score with some accuracy. Anyways, best of luck to all of you intelligent dreamers. Very well done to the dev team for coming up with something genuinely exciting and innovative. I would have sold the ranch anyway just to know I have a ticket ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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I converted all my quarkcoin and dogecoin to BTC today and bought presale Crypti on Bter.
Why?
Serious intelligence has gone into it. I dig it.
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Western Union was a telegram and telegraph company. They have never issued a credit card or a charge card, are not licensed to do so, and were certainly never referred to by anyone as "king of credit cards". Especially since credit cards didn't even exist in 1921.
Facts are more interesting than opinions. http://en.wikipedia.org/wiki/Credit_cardSee in particular the paragraph commencing "Western Union began issuing charge cards to its frequent customers in 1921" I could respond in greater detail but ordinarily argue only when paid in advance. For more detailed rebuttal please deposit 200k doge to D5hShARz6GRzu5NvtpZBuNfRtj3434nqtc I can only explain it to you. I can't understand it for you.
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If Bitcoin is destined for high finance (and litecoin destined for major purchases like cars, fridges and computers), odds are that one or more of the other crytocurrencies will prevail for routine expenditure (groceries, coffee, fuel).
I'm not sure how you came to this conclusion. If bitcoin is indeed destined for those things, odds are it is also destined to be used for ordinary expenses as well. Do you right now use a different currency for each of the different types of transactions you engage in? Like, one for groceries, one for computers, etc.? This is the part that the altcoiners could never seem to understand.... Bitcoin is the King of cryptocurrency in 2014 just as Western Union was the King of credit cards in 1921 (before Visa, Mastercard, American Express and countless other credit cards and charge cards took over). Today there are millions of different types of credit card and charge card. Accordingly, your argument is invalid. And yes I do use different methods of payment and different currencies for different types of transactions. If an unimaginative observer (in 1921) had been asked whether they thought other credit cards (aside from Western Union cards) would ever find favour, how do you think they would have responded? The answer is that unimaginative people struggle to envisage anything more exotic than the status quo ante. And yet, in light of the above, you still maintain there will only ever be Bitcoin. Really? Now we have established there will be numerous crytocurrencies (possibly millions of them), it is reasonable to speculate that they may be used for different purposes. The central fact about crytocurrencies is that they mark the beginning of the end of government controlled monetary systems (albeit that the process may take decades or even centuries to complete). Citizens will never again allow governments to bail out greedy bankers. And in a decentralised system, there will never be any need to bail out greedy bankers anyway.
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Your argument is invalid because if it were correct, all Fiat currencies would also be worthless. The Federal Reserve creates Billions of dollars every year by means of quantitative easing, that is to say, someone presses a button and billions of dollars appear from the ether. Ex nihilo totem fit (from nothing everthing come, ex contrario the classically accepted maxim that from nothing, nothing comes [ex nihilo, nihil fit]).
Do you have a valid argument? (you passed the Turing Test by the way, though not for reasons you would likely enjoy exploring)
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doge is going to an end,nobody can stop it.what a tragedy
Certainty like that must come at great cost. You must have spent a great deal of time and expended enormous effort to have reached the conclusion you have reached with such absolute certainty. Accordingly, in the spirit of academic generosity that characterises this fine website, I should be grateful if you would share, not your conclusion as you have already and most kindly done, but the methodology and course of analysis that led you to predict and determine with such admirable finality the future of dogecoin. The entire purpose of knowledge and intelligence is to predict the future. I greatly admire your certain predictions and await with eager anticipation full details of the data and methodology you have so skillfully deployed to arrive at it. The great American physicist Richard Feynmann once said that he knew very few things with certainty, and that the very few things he really knew with certainty had come at great personal cost to him (in terms of time and effort). We respectfully await full details - data and methodology please.
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I know doge meme is fun and cute, but will be hard for the commerce people take this seriously: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fstatic6.businessinsider.com%2Fimage%2F52f1082c6da81175665a762c-1200%2Fwelcome-doge-has-you-covered.jpg&t=665&c=mEprftOPNcXHqw) Can you imagine a think like this in the dollar cedules, or in the Visa baner? Doge was meant to be a joke, he already gone way far away than anyone could expect, and I think it will be really hard advance even more. For me the only true inovation can make one coin survive, since the comunity alone sooner or later will get tired and move along Cryptocurrencies of whatever flavour are the very antithesis of what the "commerce people" as you call them, approve or understand. It is an out of context situation for them, but like it or not, this is the next stage in the evolution of money. It does not really matter what flavour of cryptocurrency gains the greatest popularity. The point is that it has happened and this genie is not going back into the bottle. The inventors of bitcoin were on any view exceptionally brilliant (solving the trust problem with blockchain mathematics). This marks the end of banking as we have come to understand it. The fact dogecoin began as a joke is a perfect and most welcome antithesis to the joke that serious (commerce people) banking became. Since the gold standard disappeared, money became an abstraction...an idea. You could run out of gold or copper or coal, but you could not ever run out of money if all that had to happen was for central banks to press a button and create a new tranche of it through 'quantitative easing'. Crytocurrencies are the cure. The 'commerce people' (those who find it inconceivable dogecoin might prosper) are the problem cryptocurrencies were intended to overcome. That was the intention and it has been the effect. There will only ever be one bitcoin but there is still a need for other less august currencies that can be used by ordinary people. TO THE MOON!
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My Siberian will eat your shiba inu as a snack. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimages.shibashake.com%2Fwp-content%2Fblogs.dir%2F7%2Ffiles%2F2010%2F03%2FIMG_1232.jpg&t=665&c=0SHq8FRX1tSlOA) Entirely possible. Back on topic, I do not know the facts. Nor do I have an adequate grasp (of the facts) to claim special insight or knowledge. On the contrary, I like doges because they are relatively inexpensive at the moment and could go ballastic in a year or so. As good a chance as any other crypto (based on my current knowledge or lack thereof). If I could afford bitcoin or litecoin, sure I would get me some. Looking at Ripples at the moment as a further alternative. Thanks for the responses ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif)
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If Bitcoin is destined for high finance (and litecoin destined for major purchases like cars, fridges and computers), odds are that one or more of the other crytocurrencies will prevail for routine expenditure (groceries, coffee, fuel). I predict Dogecoin has the potential to become much more than the leading tipping currency. I do not know this as a matter of fact of course, but I reasonably believe it entirely possible that Dogecoin is a major contender within the next 3-5 years for the following reasons: 1. Highly developed community 2. Huge investment potential (you can buy half a million doge for about $150 dollars at the moment) 3. Superb architecture 4. Straightforward wallet security in terms of encryption and wallet locking 5. Massive reputation as a major cryptocurrency Of course there are other contenders. And of course, there are people with vested interests in other currencies who may react angrily (I admit I hold interests in Dogecoin which may well have affected my objectivity). But this is my very feeling. Much responses. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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