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421  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 09, 2014, 10:51:21 PM
Will you provide a direct option to purchase CRYPTI without using the escrow services that require 1% fee ?

At this moment - no, but if a lot of guys want to send btc without escrow, maybe we can provide address.
422  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 09, 2014, 10:50:11 PM
The bonus works for bter too?

which bonus?

We have bonuses for early investors. 30% as IPO 30 days. 30% first day, 29% second day and etc.
423  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 09, 2014, 09:50:22 PM
Will there only be a web wallet or also a desktop client?

After IPO when wallet will be published you could download it on your Pc/Linux/Mac and install it.
424  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 09, 2014, 09:12:38 PM
Quote
Step two

Create a new Crypti wallet at: http://crypti.me:6040 NOTE: make sure to save or write down your password! Without the password, you won’t be able to access the wallet and your Crypti will be lost!

Is there any chance we will be able to perform this step through a beta wallet locally?

Wallet will be published only after pre-sale.
But if you sent your passphrase (test passphrase), i will install node for you (on Sunday, Monday) and send address of you wallet.
425  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 09, 2014, 08:48:01 PM
OP post updated.

Changed cup to 2% limit.
Added pre-sale instruction - https://github.com/crypti/crypti-docs/blob/master/presale.md.
Dgex removed from pre-sale.
Bter withdrawal will be 1% + 1 Crypti.

IPO launch date:  July 11th, 00:00 UTC
426  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 09, 2014, 11:20:45 AM
Important update
We are very excited to announce, that Bter will join pre-sale as a 3rd escrow option!

Bter will offer the following competitive advantages:
  • 0% escrow fee
  • Trading start once the pre-sale is over (pending integration with Crypti API)
  • Refund option - every buyer will be able to get his BTC back within the first 20 days of the pre-sale.
    (Starting with the 21st day, 10% of the transaction will be automatically converted to Crypti each day, to prevent potential last moment gaming)

We believe that Bter addition will further ensure the initial distribution of Crypti, creating a significant customer base that will be very attractive for eCommerce and merchants, and assist in promoting Crypti to become their new favorite sales and payment channel.


Pre-sale start
We are aiming to start the pre-sale at 10/7, 00:00 UTC, final date will be published later both here and via email announcements (to these who have registered on Crypti site).


The ANN will be updated soon, and pre-sale instructions will be posted as well.

why not add Poloniex, Mintpal, btc38 ? if you will , i would like to pledge 0.001 BTC help your team to add these exchange


can you tell me the time you spend how to sell Crypti and the development ?






Only bter, dgex contacted us and want to make Pre-sale and trading after Pre-sale.

  you knew that there are so many Chinese people want to invest this coin from these post, so you team take the initiative contact the bter in order to attract more and more Chinese investor - to get more BTC .  Chinese man seems stupid.  Wink

  I really hate this motivation .  people will far away with your and your team.


  
  Last question , could tell us whether is your contact bter or bter contact your at first ? Please answear me .


I didn't send any requests to bter, maybe somebody from team, but i don't know. Bter contacted me first in PM.
And do you want to block all Chinese guys? It's very stupid, i can't do it. And this is racism.
427  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 09, 2014, 10:45:51 AM
Important update
We are very excited to announce, that Bter will join pre-sale as a 3rd escrow option!

Bter will offer the following competitive advantages:
  • 0% escrow fee
  • Trading start once the pre-sale is over (pending integration with Crypti API)
  • Refund option - every buyer will be able to get his BTC back within the first 20 days of the pre-sale.
    (Starting with the 21st day, 10% of the transaction will be automatically converted to Crypti each day, to prevent potential last moment gaming)

We believe that Bter addition will further ensure the initial distribution of Crypti, creating a significant customer base that will be very attractive for eCommerce and merchants, and assist in promoting Crypti to become their new favorite sales and payment channel.


Pre-sale start
We are aiming to start the pre-sale at 10/7, 00:00 UTC, final date will be published later both here and via email announcements (to these who have registered on Crypti site).


The ANN will be updated soon, and pre-sale instructions will be posted as well.

why not add Poloniex, Mintpal, btc38 ? if you will , i would like to pledge 0.001 BTC help your team to add these exchange


can you tell me the time you spend how to sell Crypti and the development ?




Only bter, dgex contacted us and want to make Pre-sale and trading after Pre-sale.
428  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 08, 2014, 11:47:52 AM
quick question about this coin:

does your reward structure ignore traditional POS?  it seems that the number of coins held is not a factor? 

Yes, we using PoT, PoP, PoI combinations. Number of coins on account not important.
429  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 07, 2014, 03:48:23 PM
I have been following this thread for long. By the first IPO, I was happy with the detailed explanation from Grexx and SyRenity about initial distribution. Why the 15% or the 10% was required etc made sense. The final outlay about dev fund reflecting the amount of btc raised seemed good too. But then there was this:

https://bitcointalk.org/index.php?topic=654463.msg7602355#msg7602355

This was just before the initial distribution. While it was later corrected by SyRenity to reflect the OP; now we have ended up with the same distribution (up to 25% premine for the guys). Now, IMO this amounts to double speak and constant moving goalpost by the team. So I am outta here.

PS: for guys who actually want to invest, at BTC at 650, here's what the whole coin will be worth:
250 BTC = 812,500
300 BTC = 1.02 million
350 BTC = 1.26 million
400 BTC = 1.53 million
450 BTC = 1.83 million
500 BTC = 2.17 million

Now the question is - is the current beta worth that much money? Think and invest.

The unanswered question is how many coins are going to be sold in the IPO.  The OP says 80% of the genesis block.  It does not say how big this block will be.  Total coins to be mined is listed at 100Million.  If the genesis block is a huge 1 million coins, and they raise even 250 BTC for the IPO, that makes each CRYPTI coin worth......25,000 satoshis!!!

Thats quite a high price for a new coin.


SO, what is the size of the genesis block going to be??


Litoshi, the genesis block is listed as 100,000,000 in the whitepaper, it must not have been transferred to the OP correctly when it was re-written for the new updates? It will all be created in the Genesis block and distributed according to escrow. There is no mining and all currency will be created in the genesis block. Hope that clears up that point.

AH Yes.... Now it all becomes clear.  You guys are not setting up another CryptoCoin to be mined and created by miners POW, you are selling COINS that you created out of thin air.

Since these coins are negotiable, and earn interest over time (POS payments) you are actually selling a financial security.  

If you are not registered with the US SEC to do this in the US, you are committing a felony in the US.  

There are also laws to require registration for selling securities in Russia and EU.  

Anybody that would buy these unregistered securities would be a fool.

So, coins that have mining involved are no financial security?

No, PoS secure is very well. If you want to test, send me your test passphrase. I will invite you.
430  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 07, 2014, 03:34:49 PM
I have been following this thread for long. By the first IPO, I was happy with the detailed explanation from Grexx and SyRenity about initial distribution. Why the 15% or the 10% was required etc made sense. The final outlay about dev fund reflecting the amount of btc raised seemed good too. But then there was this:

https://bitcointalk.org/index.php?topic=654463.msg7602355#msg7602355

This was just before the initial distribution. While it was later corrected by SyRenity to reflect the OP; now we have ended up with the same distribution (up to 25% premine for the guys). Now, IMO this amounts to double speak and constant moving goalpost by the team. So I am outta here.

PS: for guys who actually want to invest, at BTC at 650, here's what the whole coin will be worth:
250 BTC = 812,500
300 BTC = 1.02 million
350 BTC = 1.26 million
400 BTC = 1.53 million
450 BTC = 1.83 million
500 BTC = 2.17 million

Now the question is - is the current beta worth that much money? Think and invest.

The unanswered question is how many coins are going to be sold in the IPO.  The OP says 80% of the genesis block.  It does not say how big this block will be.  Total coins to be mined is listed at 100Million.  If the genesis block is a huge 1 million coins, and they raise even 250 BTC for the IPO, that makes each CRYPTI coin worth......25,000 satoshis!!!

Thats quite a high price for a new coin.


SO, what is the size of the genesis block going to be??


Litoshi, the genesis block is listed as 100,000,000 in the whitepaper, it must not have been transferred to the OP correctly when it was re-written for the new updates? It will all be created in the Genesis block and distributed according to escrow. There is no mining and all currency will be created in the genesis block. Hope that clears up that point.

AH Yes.... Now it all becomes clear.  You guys are not setting up another CryptoCoin to be mined and created by miners POW, you are selling COINS that you created out of thin air.

Since these coins are negotiable, and earn interest over time (POS payments) you are actually selling a financial security.  

If you are not registered with the US SEC to do this in the US, you are committing a felony in the US.  

There are also laws to require registration for selling securities in Russia and EU.  

Anybody that would buy these unregistered securities would be a fool.

Say it to Nxt, Qora and etc. You are funny.
431  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 07, 2014, 03:33:18 PM
FROM THE OP:
Because Crypti is a Proof-of-Stake crypto-currency we will rely on an pre-sale for initial distribution of the supply. The total amount of Crypti in existence will be 100 Million. One Crypti will have 8 digits after the decimal point.

Does this mean that the genesis block is ALL the CRYPTSI in existence? No mining?

All the time you criticized us, but you do not even know Crypti is PoS.
432  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 07, 2014, 03:00:41 PM
Genesis block - 100 millions coins
433  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [VOTE] Official ticker of Crypti on: July 07, 2014, 11:28:26 AM
Vote will be closed 9th July.

Now we have 2 leaders: CRYPTI and CRY.
434  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 07, 2014, 11:24:51 AM
Please, vote for official ticker:
https://bitcointalk.org/index.php?topic=679779.0

Now leader is CRYPTI.

Vote will be closed 9th July.
435  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 07, 2014, 11:20:40 AM
As a "non-troll" I have to agree that 10% cap is worthless.......

2-4% would be much efficient and based on the interest here should still allow a BIG investment

Maybe it's real big, i will discuss with team. Numbers it's not my responsibility.
436  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 07, 2014, 09:36:05 AM
Dev, you should give inverstor the other way to join the pre-sale, especailly for the guys who have no dgex account..

We have way. Maximint is our escrow, we will provide btc address.
437  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 07, 2014, 08:38:37 AM
PoS tester group

If you want to be invited to PoS tester group, please, send me your test (not real) passphrase.
438  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 07, 2014, 08:35:06 AM
Fixed error with Crypti allocation in OP post.
439  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [VOTE] Official ticker of Crypti on: July 07, 2014, 07:28:28 AM
Hm, CRY and CRYPTI on first places.

I think CRY seems sounds like "cry baby, cry", or not? What do you think?
440  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 07, 2014, 07:17:03 AM
your saying that this is all new source. but it looks so similar to nxt.
can you explain this.

right now from scale of 1-10 I'm willing to only invest 1 because of this reason.

What is similar of nxt? Wallet? We just take Nxt wallet as example.
About source code, we looked on nxt source first time when started development, maybe so there exist something like in nxt.
It's written in Node.js, not a fork.

In any way on this week we will start P2P and PoS for invited users, and do refactoring, remove unused trash.
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