I'm using the Windows wallet. It seems to be working in that I received successfully some xcr from bter. But when I try to send to another account after 1 or 2 confirmations the synchronizing block message flashes in the bottom and then the confirmation for that transaction resets to zero. Then it starts over again getting 1 to 2 confirms and then resetting back to no confirms. Eventually after checking back later in the day or next day the transaction disappears and the xcr are returned as if it never happened. So my received xcr from bter shows up on my windows wallet and checks out with the blockchain explorer. But any sends using windows wallet never go through and never shows in the blockchain explorer.
Could it be you're sending it to Cryptsy/Poloniex accounts? They ain't updated to latest network yet I am sending to another xcr account of mine. But I suspect it wouldn't matter who I sent to. Seems my windows wallet doesn't send properly. I'm on a fork? If I am why does my bter withdrawal show up correctly in my windows wallet which matches blockchain explorer records. But all sends from my wallet are never properly confirmed and eventually go away and blockchain explorer has no acknowledgement they existed. Do you have version 7? Version 6 had a forking problem that was fixed in version 7. Now the node checks for forks every other block and fixes the blockchain. If either of your wallets is version 6, you need to update them. Only Bter is on the new wallet, as 5000 explained. We are waiting for Cryptsy and Polo to update. They have been contacted numerous times and asked to do so. |
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Any news from the dev?
on what exactly? have you read the last 3 or 4 pages before posting? |
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Don't forget to submit your daily Cryptsy Ticket Request!
~informer
Muchos Gracias Amigo |
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Mal,
If you are so upset at the progress here, and are worried about your investment, I suggest that the Foundation buy back your XCR for the IPO price.
Deal?
Thanks for the offer. I'm hodling. Since the price of XCR is now BELOW the IPO price on Bter, that must mean that you have the utmost confidence that the Cryptsi team can deliver a highly competitive product to the crypto world and thus make a few bucks for yourself. We thank you for your support. Why do always write Crypt si.. instead of Crypti ? Am I missing something ? Yeah, I have a friend who's nickname is Crispi. That and Cryptsy get my fingers tangled up sometimes. |
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Mal,
If you are so upset at the progress here, and are worried about your investment, I suggest that the Foundation buy back your XCR for the IPO price.
Deal?
Thanks for the offer. I'm hodling. Since the price of XCR is now BELOW the IPO price on Bter, that must mean that you have the utmost confidence that the Cryptsi team can deliver a highly competitive product to the crypto world and thus make a few bucks for yourself. We thank you for your support. |
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Mal,
If you are so upset at the progress here, and are worried about your investment, I suggest that the Foundation buy back your XCR for the IPO price.
Deal?
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constructive suggestions Yeah......... I had a drill sergeant like that too.
Ha ha ha. I'm not bossing anybody around like a drill sergent, I'm watching what you guys do on Crypti with no control over your actions. And YOU are dissing ME? I understand that PoT has been a key part of the Crypti concept from its inception. But here's facts: PoT didn't scale beyond a 50 node testnet. PoT is currently off-line. Outsiders have been called in to implement an improved PoT algorithm. There has been no indication yet from devs or outsiders that an improved PoT algorithm is even feasible. The bandwidth required by an improved PoT algorithm is unknown. The max number of nodes that can be supported by an improved PoT algorithm in a one minute blocktime is unknown. The steps and time required to test and verify an improved PoT algorithm is unknown. The restart date of Crypti under an improved PoT algorithm is unknown. And I have provided a reasonable numerical analysis (adjusted downward to accommodate YOUR constructive suggestions!) that PoT forging is going to require at least $3K of annual sales per Crypti node to compensate participating forgers for their annual node expenses just so they can break even, yet there is no Crypti plan to throttle or control the number of PoT forging nodes that go online and so assure this break-even threshold is maintained for the good of the forgers. Despite these facts, PoT is still Crypti's Plan A. OK, so be it. All I have been talking about is a vendor-and-commerce-oriented Crypti Plan B WITHOUT PoT as a backup if Crypti Plan A WITH PoT you guys are working on doesn't get back on track. IF your drill sergeant was any good, he told you that no plan survives contact with the enemy. That's why you had better have a Plan B in your back pocket when you go into battle, and a predetermined decision threshold on when to use it. Mal, No coin, not TimeCoin, not NODE, or any other, has been able to successfully write a PoT algo so far. If they had, we would have copied it. They either use random choices (NODE) like we are right now, or go by the timestamp. They are probably waiting for us to write it. There are several different ways we are approaching it, including the sub-grouping you suggested two weeks ago. Master nodes was suggested as well, but how do you trust a master node not to direct forging to particular nodes and lock out others? I am not a coder but I do do flow charts very well, cutting my teeth on it in the late 70s. We have laid out what we think will work, and now it is up to the outside programers and coders to make it work. As a fallback, the algo may have to chose the next 10 forgers, send out the transactions, then have 10 minutes to ping all nodes and pick the next 10 forgers. There are many roads to Rome, but only one that avoids the mountains. As for contact with the enemy....... I know more about that than is fit to talk about. |
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stuped or nice  start Can not understand anything you say... Can you speak english or Chinese? The chinese have idioms just like in US, that dont make sense translated. Like "How's the old ball and chain" 'Havent seen you in a month of Sundays" "He's two sheets into the wind" "Sent him a Dear John" Unless you know someone who as raised in China, you will never get the drift. Frankly reading his posts makes my brain hurt. |
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I see one big problem with ALL the nodes being owned by merchants: Who they going to sell to?
There are no real wallets with XCR, only nodes to the network.
"Joe Six Pack" has to have a node/wallet on his smartphone to use XCR to make a purchase. And he needs to acquire or earn more XCR.
What Mal is suggesting sounds a lot like Ripple and Latinum.
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SO now we have established that you dont have any constructive suggestions, and only offer criticism.
A merchant also can earn back half the transaction fees......... so yes, Crypti is slanted towards the merchant. However, compare this with the 3-5% fee that credit cards charge the same merchants.
A low blow, my friend. I have only offered constructive suggestions here, and food for thought. My suggestions would offer a 0% transaction fee for Crypti. There is no better transaction fee that a cryptocoin can have. Then what would be the incentive for forgers to keep the network up and running? With a 0% fee, there would be few nodes running, and a 51% attack becomes easily possible. The more nodes online, the harder a 51% attack becomes. constructive suggestions Yeah......... I had a drill sergeant like that too. |
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Mal,
The PoT algo is merely to give each and every node a turn at forging a block. irregardless of number of XCR owned. There is a small boost to merchants based on their total sales. With a 100 node network, the average guy will get 14 forges a day. A merchant with several sales a day may get 17-20.
Do you have a suggestion for how to make the forging equitable for all nodes, irregardless of stake?
No. Apparently you don't either - you are stating right here, right now that a vendor is going to make more in total transaction fees than a forger. Thus Crypti is not an equitable system, it is a system that prefers and preferentially rewards vendors. Which is my point. SO now we have established that you dont have any constructive suggestions, and only offer criticism. A merchant also can earn back half the transaction fees......... so yes, Crypti is slanted towards the merchant. However, compare this with the 3-5% fee that credit cards charge the same merchants. |
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Mal,
Did you see the posts on the coinbox we are coming out with?
The unit will run 2 nodes simultaneously, allowing a user to forge other coins. This makes supporting the XCR network cheaper due to income from another coin.
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Mal,
The PoT algo is merely to give each and every node a turn at forging a block. irregardless of number of XCR owned. There is a small boost to merchants based on their total sales. With a 100 node network, the average guy will get 14 forges a day. A merchant with several sales a day may get 17-20.
Do you have a suggestion for how to make the forging equitable for all nodes, irregardless of stake?
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With PoT, we reward forgers for keeping the network up. Otherwise, we would either need a continuous central system for network continuity, or use a Proof of Stake system like NXT, where a few whales get all the forging earnings. The PoT value resets after a successful bloc is forged, giving every up-node a turn at forging. Any coin without active miners has a network continuity problem.
PoI, Proof of Identity, is used to assure a user that a merchant has been verified by Cryptsi, and to reward merchants for using XCR:
An application, 1000XCR, and verification by10 forgers are necessary to become a verified merchant. The 10 forgers split the 1000XCR equally. After this, the merchant will be identified by a unique address and will receive half of the transaction fees generated from his sales.
The whole point of PoT is that (1) everybody is motivated to keep a node going as long as possible and (2) everybody who HAS kept a node going has an EQUAL CHANCE to forge a block whether you are a whale or a minnow. Can PoT forgers be rewarded enough to keep them motivated to forge Crypti? Let's explore that question. First, how much does an always-on personal Crypti node cost? Let's go with a $75 2W PCduino amortized over three years using $3 per year of electricity (17.5 KWh per yr at $0.15 per Kwh) and $20 per month for a continuous DSL line running 0.75 to 3 Mbps for bandwidth. The computer and power is thus only around $3 per month; the key cost is bandwidth at $20 per month. Let's say a personal always-on Crypti node is thus $25 per month or $300 per year. There's only 1440 Crypti blocks to be forged in a day. Roughly speaking, given the EQUAL CHANCE aspect of PoT: Your single node in a 100 full-time node network captures 14 blocks per day, 5110 blocks per year; breakeven requires $0.06 per block Your single node in a 200 full-time node network captures 7 blocks per day, 2550 blocks per year; breakeven requires $0.12 per block Your single node in a 500 full-time node network captures 3 blocks per day, 1095 blocks per year; breakeven requires $0.27 per block Your single node in a 750 full-time node network captures 2 blocks per day, 730 blocks per year; breakeven requires $0.41 per block Your single node in a 1500 full-time node network captures 1 block per day, 365 blocks per year; breakeven requires $0.82 per block Your single node in a 3000 full-time node network captures 1 block EVERY OTHER day, 182 blocks per year; breakeven requires $1.64 per block So forging fees for a 100-3000 Crypti node network needs to be somewhere between $0.06 and $1.64 per block JUST TO BREAK EVEN with PoT forging. Let's say that the forging fees are adjusted so that they are around 2 % of the total amount of transactions going across the Crypti network. ATM and credit cards fees are around 3%, so this makes using Crypti a bargain compared to using a plastic card. A 2% fee means to get $0.06 in forging fees per block, the AVERAGE block must have 50 times that much in sales transactions, or $3 per block. That's Crypti sales of $4320 per day or $1.57 million per year. A 2% fee means to get $1.64 in forging fees per block, the AVERAGE block must have 50 times that much in sales transactions, or $82 per block. That's Crypti sales of $118K per day or $43 million per year. So just to break even with a competitive 2% forging fee, a 100 node network needs to have annual sales of $1.57 million or $15.7K annually PER NODE. And just to break even with a competitive 2% forging fee, a 3000 node network needs to have annual sales of $43 million or $14.3K annually PER NODE. This $15.7K - $14.3K range is really a single figure per node regardless of network size, the difference is due to roundoff error in each scenario. Bottom line, if you assume $30 per month to run a node and specify a 2% forging fee per block, each and every node needs to support an additional $15K in sales per year just to break even in the cost of running the node.Now, here's the gotcha - the person running a node that generates $15K per year in sales is not a "miner" or a "forger" - they must be a VENDOR by definition. A vendor that must add their own (always-on) Crypti node onto the network to allow processing of Crypti as a currency in a transaction. Note how in order to keep a reward forging network adequately funded, the size of the network must scale in lockstep with the sales revenue it is supporting. What mechanism is Crypti going to use to ensure THAT? Because if people become forgers at a whim "just because I want to forge some XCR" or "just because it makes the Crypti network stronger", then the economics of the network are DISRUPTED. FOR A COMMERCE BASED CRYPTOCOIN THAT USES FORGING AS A REWARD, THE NUMBER OF NODES MUST BE KEPT IN LOCKSTEP WITH THE INCREASE IN SALES REQUIRED TO SUPPORT IT. Just how does Crypti propose to do THAT? Of course, if you were to DROP PoT....and DROP forging...and JUST GO WITH PoI / PoP... then a VENDOR could add a node anytime they wanted, and write off $30 per month as a cost of doing business in running their own node, and they wouldn't have to hit a target of $15K in sales per year to guarantee some forger who isn't them stayed motivated... Eventually you guys will acknowledge my point and realize it's VENDORS, not FORGERS, that are the key to running a successful Crypti network. And on that day, you will drop this crazy insistence on perfecting PoT to motivate forgers get on with making Crypti the key cryptocurrency for commerce... Interesting essay Mal. I have a few comments:
the key cost is bandwidth at $20 per monthThis assumes that a forger will have a DSL line dedicated to just the node. I doubt that...... most if not all forgers will use the same DSL or work T1 lines that they use for all other internet communications. Merchants wil already have DSL lines set up for their credit card transactions. Homeowners already have their DSL set up, so a node connection presents no additional bandwidth fees. That lowers your estimate of $300 a year to $60 a year.
There's only 1440 Crypti blocks to be forged in a day
]FOR A COMMERCE BASED CRYPTOCOIN THAT USES FORGING AS A REWARD, THE NUMBER OF NODES MUST BE KEPT IN LOCKSTEP WITH THE INCREASE IN SALES REQUIRED TO SUPPORT ITBut you assume that the only transactions going thru the node for the next year are the Cryptsi Node Reward Program transactions. There will not only be other transactions, but each block can contain 254 transactions. So we ar elimited to 365.000 or so transactions a day. A reward for forging 1 million XCR is 5000XCR. Today there were ten blocks that went thru with 100XCR fees, and one with a 1000XCR fee. That was the devs making a merchant account for the Node Reward Program. Lucky Forgers. Additionally, you are also assuming that XCR will stay the same price relative to the USD as it is today. I doubt that very much, and so do our frequent bloggers. For a merchant to become a verified merchant, they must apply and pay a 1000XCR fee. Then 10 forgers must verify the merchant. Those 10 forgers earn 100XCR each. Of course, if you were to DROP PoT..PoT is the backbone of XCR. The team here has been working on the specs for PoT the past few weeks. The current plan calls for it to be the main algo to determine what node forges a block. The other algos are just frosting on the cake, adding a little to the value, but not a lot. PoT will not allow a long-time up node to dominate the forging. Each node is given one point for every block it is up, and once it forges a block, the PoT value is reset to 0. That allows the other nodes to in the queue to forge, and prevents a type of attack. The other value for merchants is the sharing of the transaction fee. Even your wildly estimated cost of $300 a year ($1 a day maybe) can be made up with just one daily earned fee from a $200 sale. |
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20-30MB or RAM? sounds like it is not really running. Look at the blockchain page. Is it current to the correct time? The node can stall, and still the window will appear normal, but no updating of the bc.
Check your Resource Monitor in windows. Under the memory tab, there should be 3 "node.exe" running. One of them should be around 700MB.
If you only have 2 instances of "node.exe" you are not forging.
I checked my windows wallet for blockchain time and it was not showing the current time. Why does the wallet shows 'Forging Enabled' if it not really forging ? Not cool. When I said "blockchain", I mean the node tab "blockchain". It should show the latest block and the current tine. I checked mine 30 mins ago, and found it had stalled just when some large transactions when thru and some users got 100 XCR. I have installed the same rebooter program I use on my miner. I have been rebooting my miner every 12hrs automatically with this program. Now I have it on the node computer as well. www.passmark.com if you want it. " rebooter". You can set it to any time frame you desire. BTW, once you have enabled forging, it will forge after a reboot without you entering the passphrase. |
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while we were looking at the windows node it appears my t2.medium linux box forged 281 XCR:  Woot! ~informer So you are the lucky one........ We are setting up two wallets for the Crypti Node Reward Program. There were 40,000 XCR sent to one of the wallets. Hope to have the program up and running real soon. |
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Oh, now i cannot run Crypti even for two hours, not days. With enough memory it hangs and not recovering.  Seems this 1 coin for block reward is not for me  When it hangs, restart the computer, not just the node. I now use an old laptop as the node, with the node as the only program running, other than the other 40 window's stuff. It does hang after 4 or 5 days, so then I restart it. The devs are working on the mem problem, as related in a post two days ago. Thought I'd share some anecdotal notes: I'm running one Windows Wallet on an old core2duo with 4 GB's RAM from the house. I have some QoS rules in my router which allows me to prefer traffic to its IP. I don't know if it helps or not as I have not had the time to do some real testing. It's been up for over a week now without restarting or rebooting. It only uses about 20-30MB's or RAM and never goes over 5% CPU usage. Same goes for a AWS t2.micro running Windows server 2012 R2 Standard. Same performance essentially. However, it seems if I want to run a linux box, I have to run it on a t2.medium which has two proc's and 4 GB's of RAM. On the Linux box, crypti uses about 2.5 Gb's of RAM. If I run it on anything smaller (on AWS) it will fork due to out of memory issues. I also have several instances on Digital Ocean that exhibit the same behavior. ~informer 20-30MB or RAM? sounds like it is not really running. Look at the blockchain page. Is it current to the correct time? The node can stall, and still the window will appear normal, but no updating of the bc. Check your Resource Monitor in windows. Under the memory tab, there should be 3 "node.exe" running. One of them should be around 700MB. If you only have 2 instances of "node.exe" you are not forging. |
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Oh, now i cannot run Crypti even for two hours, not days. With enough memory it hangs and not recovering. Seems this 1 coin for block reward is not for me When it hangs, restart the computer, not just the node. I now use an old laptop as the node, with the node as the only program running, other than the other 40 window's stuff. It does hang after 4 or 5 days, so then I restart it. The devs are working on the mem problem, as related in a post two days ago. |
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I too remain invested in Crypti and offer my encouragement to the devs to keep up their commitment and hard work. I believe that Crypti can still succeed BIG TIME even if the PoT algorithm is eventually proven infeasible. What makes Crypti special is its emphasis on commerce. If you have say 500 vendors running a $75 Crypti node based on a cubieboard2 or a PCduino ( http://www.pcduino.com/ ), then the Crypti network is secure. The cost of running that network becomes a trivial business expense funded by a tiny increase in vendor sales costs, not forging fees captured from running a node. (And such a Crypti network would be a HELL of a lot cheaper than the Bitcoin miner ASIC rat-race). If the Crypti network can be secured solely by vendors running under just PoI/PoP, WHAT IS THE REASON FOR TRYING TO IMPLEMENT PoT? With PoT, we reward forgers for keeping the network up. Otherwise, we would either need a continuous central system for network continuity, or use a Proof of Stake system like NXT, where a few whales get all the forging earnings. The PoT value resets after a successful bloc is forged, giving every up-node a turn at forging. Any coin without active miners has a network continuity problem. PoI, Proof of Identity, is used to assure a user that a merchant has been verified by Cryptsi, and to reward merchants for using XCR: An application, 1000XCR, and verification by10 forgers are necessary to become a verified merchant. The 10 forgers split the 1000XCR equally. After this, the merchant will be identified by a unique address and will receive half of the transaction fees generated from his sales. PoP, Proof of Purchase, is a simple algo to add a little weight, but not a lot of weight, to a potential forger You also mentioned running a node off a cubieboard, or a microPC type computer. That is already something the devs are working on. |
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Is somebody can text me when it be time to buy?
Old advice from a stock trader: The time to buy is when everyone else is selling. The time to sell is when everyone else is buying. |
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