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1421  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 07:03:49 PM
The pre-sale will start on July 11th, 00:00 UTC.

It's July 10th, and the pre-sale has already started. What's going on?

Sigh, it was supposed to start today, but there were some complaints so they put it off a day. But, BTER still started today.

It doesn't change anything. Anyone they invests today on BTER will get the 30% bonus as well.
1422  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: July 10, 2014, 07:02:18 PM
Why are they asking for your password... Seems pretty scammy to me. Made a new account to try it and got a white screen as well.

That is a password for that web site. Not your NXT password.
1423  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: July 10, 2014, 07:01:07 PM
Why are they asking for your password... Seems pretty scammy to me. Made a new account to try it and got a white screen as well.


He's @freenxt.org on here

https://bitcointalk.org/index.php?topic=577654.0

-----

What could someone do with an account id? can they be changed?

I installed NRS version 1.1.6 and now the client is running slow, unable to see recent blocks.

Transactions I made yesterday, are no longer viewable. How long are transactions kept? Is there a reason to adjust the deadline?

Transactions are always kept in the blockchain. (There may be some checkpointing every year, but they will still be in there.)
1424  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 06:59:19 PM
It really doesn’t !
What the sell price (that bter posts) for  1 CRSALE will go up by 1% each day or what?
If not how you will figure out when I bought my  CRSALEs?

Bter will provide us with a date and time for each purchase.

You will be able to see this soon in a public ledger, listing all pre-sale purchases done.

Jesus Christ. Does anyone read anything on this thread?

Actually why do I have to read 61 pages of thread?
 I was lucky enough to find the answer I was looking for in the last page, in this particular answer/question pair.
But this should in either in the OP or the pre-sale instructions, imho.


And had you went back another page, you would've seen it answered again. And if you went back 2 more pages, you would've seen it answered again.

The devs are currently spending their time reanswering the same 5 questions. I'm sure it's as annoying for them to do as it is for me to read.

And another thing!
Why wouldn't you want to read at least most of the 61 pages of this thread? You just see ann [ANN] and say, "I'll throw money at that because it's new,"? This is why it's so easy for the scammers. Nobody does any research on a coin before just throwing their BTC at it.

I'll answer this. Anyone that is going to spend the time to read 60 pages for $100 investment has far too much time on their hands and needs a life.

AFA the same 5 questions being answered, there is a thing called a FAQ. ever hear of it? It should be in the OP.

Also by what Timezone will the bonus be calculated from? It may be in those 60 pages but I'll be goddamned If I'm going to read them.

That's been answered, from 00:00:00 UTC to 24:59:59 UTC 11 July is Day 1.
1425  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: July 10, 2014, 06:56:43 PM
I made some AE buys and also received some NXT today, and my effective balance is listed as zero? Should the effective balance include any NXT that is older than 1440 blocks not including the newer received coins?
1426  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: July 10, 2014, 05:54:39 PM
@PilotofBTC

You need to be more encouraging about forging. We need everybody. Wink

Sorry, but was what I said wrong? Granted, knowing I probably won't get a block with my small balance, I still leave my node running.

Also, I meant to ask about nodes... is it possible to get nodecoins or rewards if I set up nodes that have very small balance?
1427  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 05:53:22 PM
Can somebody point to the place/post etc. where is explained how the bonus works on bter. It is not in the pre-sale instructions.
 Thanks.

Please see here (it will be same for Bter and Maxmint):
https://github.com/crypti/crypti-docs/blob/master/presale.md#how-does-the-bonus-work

It really doesn’t !
What the sell price (that bter posts) for  1 CRSALE will go up by 1% each day or what?
If not how you will figure out when I bought my  CRSALEs?


They will just consider you bought with x% amount more than what you bought with. So, on day 1 if you buy with 1 BTC, they will consider that 1.3 BTC. Easy peasy.
1428  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: July 10, 2014, 05:12:18 PM
Three questions on NXT:

1. Anyone using this faucet? Is it safe? http://freenxt.org/?menu=play

2. I thought NXT wasn't mined. How does Hashrate.org's NXT Multipool work?

3. How many NXT do you need to start forging?




1. Yep.

2. They mine other coins and buy NXT with it.

3. 1... but you probably won't get a block for ever. With 6000 or more you can lease to a pool. I would say with 100k you might get a block a day. There is a calculator somewhere. But, at this time forging fees will be very very very very small.
1429  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 05:10:21 PM
How will the purchase get refunded? Do we have to open a ticket?

A sale of CRSALE will be available soon, so you could just sell CRSALE and get your BTC back.

to be explicit, does this mean there will be a buy order at the purchase price which people can sell in to? one which reduces in price over time?

Yep that's what was said. Although, I don't think it starts reducing until day 21.
1430  Economy / Games and rounds / Re: PBMining 2TH/s Giveaway (Labour day Tournament) on: July 10, 2014, 04:14:20 PM
Why did the Piggy go to the Market?
Because his Landlord found out what he was using the spare room for.

PBmining.com Customer #: 2720

O= 6  E= 5  Come on lucky number 65!
Pretty sure your name ends with a 'C' (3).

It's based on your PB Mining username, not your BTT username.
1431  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 03:28:20 PM
Isn't the CRY transfer fee 1% already? Is BTER charging 1% on top of that?

Quote
Bter.com

    Crypti buy fee: 0%
    Withdrawal fee: 1% + 1 Crypti
    Supports refunds

https://github.com/crypti/crypti-docs/blob/master/presale.md


Thanks, but that doesn't answer my question.
1432  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 03:19:00 PM
So...let me guess, you keep all the BTC from the IPO from the SALE of the coins, and you keep 25% from the total coins too?

What am I missing?

https://github.com/crypti/crypti-docs/blob/master/presale.md

...I am just keeping my share of CRYPTI by the way...

I don't understand anything from that...

you sell coins to the ipo, lets say 75.000.000 coins  = 75 BTC, this is only an example.
You get the 75 BTC, and you still keep the 25% from the total number of coins?



No, they would keep 15% in that case. Said to be the community fund. I guess they don't trust that large steakholders will fund projects the way it happened in NXT and Qora.
1433  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 03:16:05 PM
Just bumping this up :
Quote
you say that a Crypti SDK can leverage the network to allow the development of "decentralized networks with its own fee structure and assets", will you guys actually develop any of the mentioned platforms such as cloud storage etc yourself or will you leave that up to third-party developers

Reason I ask this as Node.js doesn't have the same amount of developers or as big a community backing as say Java or C++. Nevertheless from what I know about it is that it scales better, but it suffers when tasked to do mathematical equations etc. Considering that all digital currencies are based on cryptography which itself is extremely mathematical intense, wouldn't that hinder Crypti's ability to scale as Node.js just doesn't run mathematical tasks as quick as other languages.

Node.js is a standalont runtime execution engine for javascript made from the Chrome V8 engine.

So, the code is javascript. There are probably more javascript devs on the planet than any other language.
1434  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 03:13:39 PM
Quick question, will the desktop clients for Windows be packaged as .exe's? Also from a usability perspective don't you think a 100 character pass-phrase is a bit long?

We are looking to eventually package the node via NSIS installing, making them indeed one-click installable.

XCP wallet (https://counterwallet.co) uses about 80 - 85, hence the extra 15 are negligible and bring you towards the round number of 100.


Ah okay, never used XCP hence the confusion at the long pass-phrase, coming from a QT here so thought it would be shorter Smiley. Also you say that a Crypti SDK can leverage the network to allow the development of "decentralized networks with its own fee structure and assets", will you guys actually develop any of the mentioned platforms such as cloud storage etc yourself or will you leave that up to third-party developers

private keys in bitcoin are 50 chars. 100 is probably overkill. But, it doesn't matter to me as I won't be typing it in ever.
1435  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 03:05:48 PM
The "third-party local program" argument is invalid because a malicious third party local program can read a passphrase input in to a web page also.
Input logging requires higher system rights than reading storage.
And sometimes the attacker has remote access to the computer (through vnc or same) and if you have opened page and the password is stored in the browser - the money is taken away. Similar case has been described by one local forum.

I understand that you have a huge IPO going on, but you owe it to those buying to ensure that their data is safe.

This is your "authentication": http://crypti.me:6040/api/unlock?secretPhrase=lksdjfhsdkfjsdhfksdjfhsdkjfhsdkjfhksjdfhkjsdfhksdjfhaskdjfhksadjfhaskldf

That is SCARY that is not authentication, that is a passphrase being sent in plain text in an url, over plain http.

I cannot stress how bad this is, I have never seen anything so insecure in my entire life.

WTF? authentication isn't even used.. here view my balance: http://crypti.me:6040/api/getAllTransactions?accountId=15413165176907764021C

You need to do something about this now, people are buying with huge amounts of BTC!

The former does sound wrong. However, the latter is pretty normal. The block chain is public and any block explorer will allow the ability to see any account's balance and all it's transactions.
1436  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 03:02:07 PM
Use localStorage in the browser, this is a reasonable solution which requires no usage of cookies. The passphrase is stored in the users local browser.
LocalStorage is replacement for Cookie. It's not safe. You can read the content of localStorage by using third-party local program or manual using browser tools.
Can you tell exactly how Ripple uses the localStorage?

You could ask the user to enter a 6 digit pin and encrypt the password using that and store it encrypted in localStorage. That way, you are not storing the password in plain text. As long as you only keep it in browser memory for the small amount of time needed to sign. They still need to enter the pin to send money, but that is easier than typing the whole phrase.

However, it's really not that hard to install LastPass into your browser. That's what I use with NXT and FIMK and i never have to type my pass phrases.
1437  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:58:34 PM

OK...  aside from the devs introducing a direct investment option...  maxmint's escrow option is preferable because the 1% fee will be charged on the BTC transfer and NOT on the final amount of CRYPTI.  Let's assume you want all your CRYPTI moved to your local wallet when everything is said and done...  with Bter you will be charged a 1% Withdrawal fee on the total amount of CRYPTI including the bonus.

Hey...  it's not my fault I'm poor...  just trying to get my hands on more CRYPTI!!!   Grin

Isn't the CRY transfer fee 1% already? Is BTER charging 1% on top of that?
1438  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:52:54 PM
You not right about NXT. NXT code has not been obfuscated, in at least in December-February.
I decompiled NXT, changed the code and launched its as own version of NXT for various experiments.
NXT was in fact open-source.

I have question about Crypti client.
1. Can you describe how difficult it is to run it?
Can I run it in one click as bitcoin QT? Do I need to install any dependencies?
Can I launch it using binary launcher?
2. What size of setup file?

I remember that that some users did not like the way the NXT launch (by jar file), they had some problems with it (for example with version of jre).

I'm aware of it, and you could actually try to do the same with Crypti code, once the Crypti node is released to download after the pre-sale ends.
That said, a de-obfuscated version should be hard enough to work with, still giving competitive advantage entry against clones.

We working to make it a one-click install / launch operation, so you just could download an installer (probably NSIS based) and be good to go.
Further details will be provided onwards.

Will the wallet be available on the NPM system, for those that already have node installed?
1439  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:51:05 PM
What is the reasoning for only releasing wallet or code after the presale?
What is the reasoning for giving bonus for early buying?
I dont understand.

Why cant we see what we investing in and why try to force people to invest early without this knowledge?

Wallet is already available, you can check the test version, which is constantly being improved.

Code will be released in quarterly milestones, in order to give competitive advantage against clones (this actually how NXT did as well).

Bonus is given to encourage people not to wait for the last minute and try to catch a bigger piece of total stake (as we see it happening many times).

Thanks for answering my questions.

It seems that dev team will be successful in raising a relatively significant amount of BTC with this distribution model.

Will this all go into an visible account where the investors can see the movement?
Who will actually have control over this?
What is to stop anyone from taking it and dropping the project?
What is there to incentivize the dev team to carry on developing if they get paid upfront?

Even with Maxmint and bter as escrow:
here is a possible scenario...
Crypti launched, people get their stake, devfund gets their BTC, whitepaper and roadmap released, hype and exchanges, suddenly devfund of cryptsy now sold for BTC. Suddenly whole devfund of BTC missing. Suddenly dev missing. Sorry, didn't work out. Look what happened with Silkcoin before it got resurrected. Actually thinking about it... there's some similarities. Wulfcastle involved with this coin at all?

Do you have a solution for the devfund safety that I have missed?

This could be solved by the escrow agent holding all the 15% Crypt community fund and and percentage that is the DEV fund to be sure it all isn't dumped. I know it wasn't in the original plan, but that would assuage these warnings. If MAxMint held the Crypt that wasn't sold in the IPO.
1440  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 09, 2014, 07:25:17 PM
can someone ELI5 how the early purchase bonus works?  is there some additional Crypti held back, that will then be awarded?  or is there some complicated weighting that will take place retroactively after the sale closes?  

i'd like to understand this better so i can evaluate if i want to invest early, or wait and see.

thanks

No, they will just treat your BTC like it is the amount you sent + x%. (at least that is how I would do it)

So, if you spend 1 BTC in the first week it will be treated at 1.3 (30%) BTC.

At least, that seems the easiest way to make the math work. It won't change the total that is distributed and none will be held back.
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