Update - launch postponed

After spending the last few hours analyzing the mainnet PoS behavior, we have still not identified the cause of the issue.

As Hybrid PoS is the heart of Crypti, we are need to be 100% certain it operates properly, before releasing the mainnet to the public.
Therefore, we will need additional testing time, which unfortunately means we will need to postpone the launch.


In order to provide an adequate time to re-test all the PoS scenarios again (this time on mainnet), the launch will be postponed to August 15th, at maximum. This means if we have resolved the PoS issue before then, we will launch the mainnet earlier, with a proper advance notice to the community.

In the meanwhile and in order to show the community the progress, we will make available tomorrow (August 12th) a public demo of the release web wallet.


I would like to state once again, that we here at Crypti team understand the amount of trust the community has placed into us, and apologize for the unplanned delay.
We are thankful to everyone for their patience and understanding, and looking to amend this situation as soon as possible.

Check out Saffroncoin (SFR), Yes I have some mined coins but nothing major and I am not tied to the coin in any other way.  I think it could be the next big coin.  https://bitcointalk.org/index.php?topic=586320.0

Please help with building buy walls. We need to unite and not panic sell!

Wulf, just so you know, I had sat here for like 30 minutes coming up with a response to your initial post about the issues and I was all ready to post it. BTT did the whole, you have new posts warning and so I looked and realized SyRenity had already responded with most of what I was going to say so I deleted it.

I know a lot of you like Wulf have been with us since the beginning of this whole ride. I assure we did not want to delay. Crypti literally means the world to us and we put a lot into this project. We actually thought we were good but in the world of Software development, you know bugs and issues can always raise their heads and unfortunately we had to take some extra time to validate everything.

We know we aren't perfect and we are trying as best we can to keep you all informed and keep on our schedules and produce what we say we will. We function like a lean startup and only have a team of 5 (each with different areas) right now so we are trying to learn and get better each and every day.

I can tell you that I have watched plenty of these launches and been critical of teams as well but now that I am one of the ones sitting in the hot seat and trying to do this launch, it's a lot harder, more time consuming, and stressful than I think I realized.

The only promise I can make to all of you is that we will be here, we will get better, we will listen, and we will always try to keep you as well informed as we can.

Once the Foundation is launched and we allow the member signup, we will send out newsletters and have a members board on our forum that will give us a chance to put out some under the hood type communications, as well as examples of our Trello Board / Roadmap. Things like the posts of our task lists that SyRenity posted earlier. Some things may have to be kept under wraps at times, but we plan to devote a lot more time to talking with the community once the launch is accomplished, settled, and we can hire more developers to take some of the load off of Boris.

We know you put your trust and money on us and we could not be more appreciative. When you have an idea and you start to bring it to light, you never know how others will perceive it. We put so much of ourselves into designing and working on Crypti and it honestly means the world to us that so many have put their confidence in Crypti and believe in our team.

The only thing I can say is that I am truly sorry we had to miss our deadline. I was probably more excited than any of you to see this launch because of all of the Crypto Currencies I have read about, I honestly just love Crypti. I don't say that as a dev team member but as a fan of Cryptos. Every time I log into our boards and go over new comments, every time we check off another box next to a task we have accomplished, or every time we come up with a new idea to add to our Roadmap, I just can't help but get excited! I can't wait for the next few months when we can share some of the other things we will be working on with all of you. Crypti truly is something new, something different, and something that has the potential to change the game.

Oops... I got all wordy again... 

First of all, I'd like to apologize for the delay. While I understand the frustration, ensuring that we release a stable product is our top priority.
Despite multiple checks and load testing performed over last few weeks, launching a new mainnet with a real genesis data is quite a complicate task on it's own.

We are well aware that we beyond the schedule here, and asking for community patience and understanding, while we finalize the remaining tasks.


As per your comments:
* Testnet passed our load-tests last week and worked stably (otherwise we would announce delay in advance)
* The delay yesterday was due to our wish to verify the genesis balance with Bter (something we could indeed do earlier)
* The delay right now is due to seeing PoS results in mainnet we haven't seen in testnet, and our decision to analyze it before letting everyone else in
* Bitseed is our lead of research and developed, simulated and tested the PoS formulas, forum is a misc task that he did
* While we do wanted to have a cross-platform installer ready in time for launch, we have not committed to it. We don't expect anyone to build Window wallets themselves, and plan to release a cross-platform installer by the end of the week
* CoinSource will confirm our real-life identities, I'm not sure where it was said they will review the code. We going to hire a professional (and known) crypto-developer, to do the code auditing and analysis
* We said several times that PR and other activities will be only after launch
* It may seem that we doing all in last minute, however there is a well defined list of tasks that were closed before this moment (here is a partial screenshot - http://take.ms/AMenM)
* Once we launch, we will welcome any feedback about our organization and management, as we always looking to improve


To summarize, we understand we are delayed, and we are not taking it easy.
The development team works non-stop right now on these last minute issues, in order to release the mainnet version ASAP.

How could you possibly be involved in this just like you were with Silkcoin?

It's exactly the same with a different name, you got to be in on the scam. You denied it then and I guess you will deny it now. You are the most established scammer on BTT.

Status update

We have launched the mainnet, however noticed a slight issue with the PoS formula.

Checking the matter with Bitseed now.

Status update

We have completed the genesis block, preparing the mainnet version now for deployment on CDN (Content Distribution Network).

Once the mainnet is released to the CDN mirrors, we will publish the download link.

OK... here are the time tested strategies for investing in commodities:

1) Only invest money you can afford to lose.  Never invest money needed to pay bills.

Explanation:  The market can remain low and your losses not recoverable longer than you can stay solvent.  If you need that money next month, dont invest it.  

2) Do your research.  Buy quality, not hype.  

3) Trading on emotion is pure gambling.  Use logic. Have a plan.  Set a goal.  Be flexible.

4) Learn to spot the "Pump & Dump".  Buying on the pump can be profitable, but the dump comes without warning.

5) Prices go down faster than they go up.

6) After purchase, set a "stop loss" at 80-90%.
  
Explanation:  Purchase price 1000 satoshi.  Place coins for sale at 800-900 satoshi.  This way, if the market goes down, your coins sell and losses are limited.  Remember rule #5.

If the price rises to 1500 satoshi, move your stop-loss to 1300-1450 satoshi.  Now some profit is locked in.

Price now 3000 satoshi?  Change stop-loss to 2700.  This will lock in your profit when the market turns and you are not watching.

7) Leave the last 10% gain for someone else.

Short explanation:  You can never determine the top.

Long explanation:  Greed to get the last little bit out of an investment will cost you.  Not only is the top impossible to determine as prices rise, but there is very little trading at that level.  Better to sell at 10% under your estimate of the top, and while it is still rising.....that way your sale will not drop the market.  

Selling after the top is found and the price declines only causes the drop to accelerate. (panic selling).  The fastest percentage drop is always at the top.  So sell before the top is reached.

8 ) Buy a little at a time, sell a little at a time.  You cannot know the top or the bottom.

Explanation:  Prices go up and down every few minutes.  Best to average your buy and sell prices.  Instead of purchasing 1million coins at a time, (large purchase can cause the price to climb temporarily), then seeing the price drop back down, better to buy 100,000 every day or every few hours.  Dont forget to place your stop-loss.  

When time comes to sell, sell a little every day or few hours.  That will average out the price.

9) Diversify.  Be invested in different areas.  

10) Dont chase losses.

Explanation:  Purchased at 1000 satoshi.  No stop-loss set and price is 300 satoshi.  Waiting for the price to go back up is emotional trading.  Dont buy more at 300 satoshi.  Sell now, dropping the price further,  and place buy orders for the coin at 200-250 or so satoshi.  

11) Don't buy on margin.  

Explanation:  Buy on margin means you pay 10% of the purchase price and borrow 90% at low interest.  Also called leveraging.  This is very profitable in an UP market, but when the market goes down even 5%, investments have to be sold.  This causes a tsunami of sell orders and a severe sudden price drop.  Remember rule #5.



OK.  Now everybody go and get rich!!

Right now, the altcoin market's going through hard times: that's why you see a lot of gloom and frustration 'round here. The current bear trend explains why "No More Shitcoins!" is the latest fad in this here board.

This kind of frustration/gloom/anger is typical in bear markets. In a microscopic fringey scale, it's a lot like the gold market in the crisis of '08. There was a lot of panic in the gold and silver markets at that time because the crisis spilled over into huge dumps of gold by big institutions who needed the cash to meet margin calls elsewhere. That's the main technical reason behind the maxim: "in bear markets, all correlations go to one."

Down in the gold-stock market, particularly in the penny-stock gold-exploration subsector that I used to watch, that panic means a lot of good companies were selling really cheaply. I actually saw exploration juniors release drill-sample assay results that would have kick-started their stocks in a hot market - and the market yawned. Not only did their price go nowhere, but also their volume went nowhere. Those great results were ignored.

That, as I proved to my satisfaction, was the time to buy in.

But if you're going to play the game this way - which is actually the best way to play for a relative newb unless you have a special knack for putting yourself in the shoes of the punters 'round here and have a finely-tuned social 'radar' that clues you in to what they'll stampede into next month - the best approach to take is:

1. Select a quality coin that's been around for a long time and has held up despite being buffered and battered by the waves 'round here.

2. Try to buy at peak gloom or peak FUD. [Important Note: This approach only works with time-tested alts that have a proven track record of bouncing back. If you get this part wrong, you will be a bagholder!]

3. Wait: if you need to, find something else to do that'll keep you distracted while you wait.

4. Keep waiting - you may have to wait for a long time.

5. When the altcoin market sizzles up again, consider selling - perhaps enough, in combination with any earlier sales, to get back your original spend in fiat terms - and hold on to what you have left. If you pull this off, you'd be playing with what's called "house money," which means you can afford to relax. If your alt hasn't gained that much in fiat terms for you to do so, you might want to sell half to limit your risk which will also relax you.

6. Check up on your hold. Is it still on the growth track adoption-wise? Or is its underlying spread sort-of stuck, like Litecoins's is now? If the former, you might as well keep your money rolling. If the latter, you should give serious thought to getting out entirely.

7. Goto 5 until you liquidate.  

As for the best coin to do this with, I'd have to say Nxt. In BTC terms, Nxt hasn't been all that hard on its bagholders who excitedly bought at the top of an intermediate-term bull run. It has the staying power - price-wise - that makes it a good starter coin for a relative newbie looking to try his or her hand at speculation the long-term way.


Variation To The Above: If you "buy the gloom," it will be inevitable that you'll buy before the bear trend ends. In the stock market, this is known as "trying to catch the falling knife." You can limit your risk of catching the falling knife by spacing your buys over time. With Nxt, for example, you could scrap up $100 this month, $100 next month, convert the found money into Bitcoin and head over to an exchange like Cryptsy or Bter and put your new BTC into Nxt. Do this over time and your average price will be pretty decent as long as you stop buying when the gloom turns to excitement again.

[BTW: I'm using '$100' because, from what I've seen at Localbitcoins, $100 is pretty much the minimum you need to buy some BTC. If you know of a gateway that accepts a lower minimum, by all means lower the example figure I gave above.]


P.S: If you're in the mood for a pure speculation, you can plunk some money into the coin I'm associated with, NFD. If you jump on board the NFD train, though, it's really important that you cultivate the art of patience. NFD is a plain Nxt clone with a rudimentary ecosystem at the moment, which makes it a pure speculation at this time. We're growing it, but we're also growing it prudently; the tech team are big fans of thorough testing.

If you check out NFD and like what you see, I suggest you buy both NFD and Nxt. Nxt is time-tested, with a lush and growing ecosystem, and is therefore safer than NFD at the moment. Buying both limits your potential gain, true, but it also limits your risk.

i'm a student, so i have not so much money to invest in crypto, so, even in the best case, i will have gained in the best case not more then 100€ XD

TBH i was looking for a "long term" money to invest in.
Something where i can put 5€/week and, at the end of my study, had a bit more of what i put in FIAT XD

All the coin you pointed out just "faded" away with huge price drop.
Also other coins like reddcoin never had a "spike" (at least checking coinmarketcap), so i'm not so confident to put money in this type of coin. nevermind, wrong period graph

there is a lot of info in the old thread https://bitcointalk.org/index.php?topic=702981.msg8026781#msg8026781 https://bitcointalk.org/index.php?topic=702981.msg8031370#msg8031370
everyone is welcome to go over the old thread and clear their thoughts

Thank you Wulfcastle for the info.

I have already reached out to Bittrex to get them to look into this. They are holding the BTC in escrow so i am very sure they would be interested in this development.

I have also asked them to see if they were aware of the fact that the likely premine (if we forget everything above) is going to be 33%+

But you are assuming the terms and conditions of ownCloud requires anyone using the platform to disclose it is based on ownCloud. That is like someone using PHP and disclose their website was developed in PHP. No one does that. As a standalone product it might not be innovative, but being re-purposed for crypto it is innovative.