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My views on the Fees
Fees
The current hardcoded fee of 0.5% is a bit to high, in my honest opinion. While I understand that PayPal and credit cards charge in excess of 2.9%, our main competitors in the crypto-space charge nowhere near as much as Crypti does percentage wise to make a transaction. Again I understand that the actual difference may be a small, trivial amount, however Crypti's fees are still higher than most other crypto-currencies, and it will likely be one of the first points of criticism from other people in the crypto-community.
The solution :
I propose the Crypti removes the hardcoded fee of 0.5%, to a variable based fee (based on user-input). For example when a user wants to send a transaction, all the user will have to do is enter their own fee percentage, much like in Bitcoin, although in Bitcoin the higher the fees, the faster the confirmation times (I'm not sure if this is applicable in Crypti). What this would bring about is that if there are people out there using the network they can also choose to add extra fees to support the 101 Delegates. Also if users arem't happy with their current fees, they can input their own amount.
As for blockchain spam, a very small minimum amount could be enforced eg. 0.001%, however if a minimum fee amount is to be enforced, do not go the NXT route where 1 NXT (in this case 1 XCR) is used as minimum fee to pay for everything. The reason being if Crypti does become successful and it's price soars (which I'm sure we're all hoping will happen), then that 1 XCR could be worth something. If Crypti's market cap reaches $100 Million (which is a possibility), then 1 XCR is equivalent to 1 USD. That's actually a pretty big amount if 1 XCR is going to be used to perform many actions on the App Store/Custom Blockchains/Virtual Machine.
For example on NXT's Asset Exchange, it costs 1 NXT to place a buy/sell order, if XCR hypothetically had an asset exchange and it enforced the same fee structure, then users could potentially be paying 1 USD to make a simple buy/sell order placement.
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Crypti Fee DiscussionSo I've noticed that there's a discussion regarding the Crypti Fee which is currently set at 0.5%. I'm sure as most of you can see this is quite a major talking point, so I've decided to create a channel for discussion over at CryptiChat : http://cryptichat.meThe channel name is #crypti-dpos (For discussion regarding the fee and other topics in the run up to the DPOS launch). All you have to do to join the discussion is simply "Connect" and then click #crypti-dpos on the sidebar. I urge you all to come join in the discussion on CryptiChat : http://cryptichat.me, I'm sure it'll be a much more user friendly option and will hopefully provide for more constructive discussion (you can chat in real-time) then the usual post system on BitcoinTalk. With CryptiChat we can have the foundation members as well as the whole community discuss Crypti's fees in real-time. So I urge you all to come join in the discussion 
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The image is on the server, what browser are you using? I've tested it on the latest versions of FireFox and Chrome and it seems to be working on those browsers. Let me know and I'll fix it ASAP. Scratch that, just fixed it. Thanks for bringing it to my attention Passion_ltc . If anyone else finds any bugs or has any feature requests let me know! Also, anyone who was connected may have been disconnected temporarily as I made the update, I apologize for the inconvenience. |
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The image is on the server, what browser are you using? I've tested it on the latest versions of FireFox and Chrome and it seems to be working on those browsers. Let me know and I'll fix it ASAP. |
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Thanks everyone for the replies. I'm glad you guys like it. I spoke last night with karmacoma24 and GreXX regarding the naming of the "communication hub", and we all decided, that we should name it : CryptiChat, with the domain name being cryptichat.me. It's short and simply and falls in with the current naming scheme of Crypti websites, i.e. crypti.me, cryptichain.me, cryptichat.me  I've gone ahead and purchased the domain and set it up. The DNS records may take a while to propogate, so if you don't see it immediately don't worry, it'll show up tomorrow. You can now use it live from here : http://cryptichat.meEverything is almost in place, just a few UI tweaks here and there, and some bug fixes, and we'll be ready to go within a few days, most likely by this weekend. As always if there's anyone who would like to help moderate the IRC channels or give any suggestions as to how to improve CryptiChat please let me know |
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Hi everyone I've got an announcement to make.  What is it :Over the past few months, in my free time, I've been working on a fork of a web-based IRC Client/Website for Crypti (which I haven't named yet for the moment). My idea was to create a communication hub for the Crypti community through the use of IRC, which would be our first genuine communication channel outside of BitcoinTalk. The main foundation of this "communication hub" are IRC rooms, with an IRC room being created for each broad-discussion topic. The purpose of this is to create an instant communication channel/medium where anyone can quickly chat and discuss with other Crypti community members over a wide variety of topics. You could say that this loosely resembles the model for a forum, however the major difference is that all communication is done instantaneously. I do have plans for a Crypti forum however, which I will discuss in greater detail soon in the future.... The main benefit of this communication hub, would be firstly independence, we would no longer have to rely on the owners of BitcoinTalk to keep BitcoinTalk online (as there have been quite a few problems with these forums from recent memory). Secondly, we would have a new medium of communication, in the form of instant, IRC (internet-relay-chat) rooms, with a new IRC room created for each discussion type. Test it out now : https://crypti-irc.herokuapp.com/Source Code : https://github.com/Wulfcastle/shoutScreenshots:   How it Works :All you have to do to connect to the hub, specify, your nickname/username (you can leave the Real Name field as it is, I only had that there for testing purposes), and then click "Connect". You will then be logged simultaneously into all of the existing Crypti IRC rooms. There's a room for each topic of discussion : - CryptiTalk - For General Discussion about Crypti
- crypti-trading - For Trading Dicussion about Crypti
- crypti-announcements - For all Crypti announcements
- crypti-news - For all news regarding Crypti, eg. press etc.
- crypti-marketing - For Marketing Discusiion about Crypti
If anyone wants to suggest new discussion rooms, please let me know and I will add them accordingly. Also if you have any bug reports/feature requests or even if you think you can come up with a name for this communication hub, please let me know Please also take note that this is a work-in-progress. I will test this communication hub further for the next week or so before officially launching it. I'll be giving away a 10K XCR prize to those active on the communication hub on the night of its launch/ I'm also looking for community members to help with moderation of the IRC channels, so if anyone is interested please PM me. Just bumping this to the new page |
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Hi everyone I've got an announcement to make. What is it :Over the past few months, in my free time, I've been working on a fork of a web-based IRC Client/Website for Crypti (which I haven't named yet for the moment). My idea was to create a communication hub for the Crypti community through the use of IRC, which would be our first genuine communication channel outside of BitcoinTalk. The main foundation of this "communication hub" are IRC rooms, with an IRC room being created for each broad-discussion topic. The purpose of this is to create an instant communication channel/medium where anyone can quickly chat and discuss with other Crypti community members over a wide variety of topics. You could say that this loosely resembles the model for a forum, however the major difference is that all communication is done instantaneously. I do have plans for a Crypti forum however, which I will discuss in greater detail soon in the future.... The main benefit of this communication hub, would be firstly independence, we would no longer have to rely on the owners of BitcoinTalk to keep BitcoinTalk online (as there have been quite a few problems with these forums from recent memory). Secondly, we would have a new medium of communication, in the form of instant, IRC (internet-relay-chat) rooms, with a new IRC room created for each discussion type. Test it out now : https://crypti-irc.herokuapp.com/Source Code : https://github.com/Wulfcastle/shoutScreenshots: How it Works :All you have to do to connect to the hub, specify, your nickname/username (you can leave the Real Name field as it is, I only had that there for testing purposes), and then click "Connect". You will then be logged simultaneously into all of the existing Crypti IRC rooms. There's a room for each topic of discussion : - CryptiTalk - For General Discussion about Crypti
- crypti-trading - For Trading Dicussion about Crypti
- crypti-announcements - For all Crypti announcements
- crypti-news - For all news regarding Crypti, eg. press etc.
- crypti-marketing - For Marketing Discusiion about Crypti
If anyone wants to suggest new discussion rooms, please let me know and I will add them accordingly. Also if you have any bug reports/feature requests or even if you think you can come up with a name for this communication hub, please let me know Please also take note that this is a work-in-progress. I will test this communication hub further for the next week or so before officially launching it. I'll be giving away a 10K XCR prize to those active on the communication hub on the night of its launch/ I'm also looking for community members to help with moderation of the IRC channels, so if anyone is interested please PM me. |
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any package deal/discount if I decide to buy logo + website + wallet UI design?
will u also be able to create other UI mockups such as web wallet?
There would be a 15% discount if you decide to buy a Logo + Website + Wallet UI (you would pay 1.7 BTC instead of 2 BTC), and yes it would be possible to create other UI Mockups, e.g. for a Web Wallet. |
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I'm immediately available for freelance work for the next 2 weeks if anyone is interested.
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Any news on 0.2.0?
It's coming as soon as we are comfortable with Bters XCR holdings. (below 50%, better at 30% or below) I have got to take my hat off and give credit where credit is most certainly due. The fact that there is a 0.2.0 version of Crypti coming at all is pretty amazing if you ask me. A switch from PoT to DPoS would kill most coin projects. This dev team never gave up and made it happen anyway. That kind of guts, and drive, and flexibility, and determination, is the most important asset Crypti has. Congratulations, gentlemen. You have done good. +1, also good to see you again Mal, haven't seen you here in a while. |
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Pump at Poloniex? Any news on 0.2.0? |
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What just happened on Poloniex ?
Someone is buying. BigTIme. On Bter, you can only see the month old price..... you cant trade, deposit or withdraw. Crypty has not update their wallet since Sept. You can trade there, but not deposit or withdraw. Only about 1.8 BTC worth was bought, so roughly 300K XCR, the liquidity is so low 2 BTC could quadruple the value of all our holdings. |
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Hey guys, here is the roadmap. It got very late here in Germany, so a few parts are still empty. I'm very busy right now with various things (Crypti and Personal). So I will write a fully fledged post tomorrow and will update some parts of the road map as well. I just didn't want to pass the date, I promised yesterday. Important: I only filled in everything related until July. After that day we will of course continue making Crypti better and better! https://docs.google.com/spreadsheets/d/1Zzsu0BikplztWB8xTU3PhMHbyHBrW8EX3lR-e6lS8LA/pubhtml?gid=31&single=true |
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Guys, We need to do the marketing and promotion on Bitshare forum. since they like DPOS, they should like XCR as well.
Tomorrow I will post our new roadmap. We will start medium marketing soon. Looking forward to this! |
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Can you actually implement new wallet UI, or you are just doing wallet UI design?
Sadly I just do the Wallet UI Designs, the actual implementation of the UI has to be done by your coin's coders. |
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Here we are. Overview of all delegates Ordered automatically by the rank. You can select several delegates and vote for them all at once for only 1 XCR.  After the voteIt is very easy to see, for which delegates you already voted for on this page as well.  Your votesBut if you have voted for many delegates you can check them all on this page. You can also remove the votes again on this page.  I hope you like it. Whoop, whoop!!. My only suggestion is to change the icons in the menu, specifically for "Forging", "Delegates" and "My Votes" |
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Update regarding the Bter situationHello, we contacted Lin, the owner of Bter, and he said that Bter will probably come online in the next 24-48 hours. He also said, that after that he will get in contact with Boris to get the Crypti withdrawals working as soon as possible. He also tweeted it a moment ago and put the website down, as there is probably also a new UI coming. Here is the tweet: https://twitter.com/btercom/status/574946304075264004 Any update on 0.2.0? I'm looking at the #testing channel in Slack right now and they are doing massive testing. The UI is 100% finished by now. I know this goes without saying, but is it possible for us to see some screenshots  Sure, I will post one tomorrow. On mobile right now. Great thanks |
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Update regarding the Bter situationHello, we contacted Lin, the owner of Bter, and he said that Bter will probably come online in the next 24-48 hours. He also said, that after that he will get in contact with Boris to get the Crypti withdrawals working as soon as possible. He also tweeted it a moment ago and put the website down, as there is probably also a new UI coming. Here is the tweet: https://twitter.com/btercom/status/574946304075264004 Any update on 0.2.0? I'm looking at the #testing channel in Slack right now and they are doing massive testing. The UI is 100% finished by now. I know this goes without saying, but is it possible for us to see some screenshots |
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Update regarding the Bter situationHello, we contacted Lin, the owner of Bter, and he said that Bter will probably come online in the next 24-48 hours. He also said, that after that he will get in contact with Boris to get the Crypti withdrawals working as soon as possible. He also tweeted it a moment ago and put the website down, as there is probably also a new UI coming. Here is the tweet: https://twitter.com/btercom/status/574946304075264004 Any update on 0.2.0? |
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Let us just all hope that we will be able to withdraw our XCR soon.
Hey Passion_ltc Is development on 0.2.0 almost complete? When will you guys start work on Custom Blockchains? I'm not trying to put pressure on you guys or spread fud etc, etc., but my real concern for XCR at the moment is that the launch of Ethereum is less than a month away. Ethereum ( https://ethereum.org/) will arguably offer a lot more features and functionality than Crypti. With Ethereum, as far as I know of, you can use Ethereum as a platform to create virtually anything, DAC's, marketplaces, file storage networks etc. My question is how does Crypti compare to the likes of Ethereum? When I first invested in Crypti I knew that had Crypti launched before Ethereum, with Custom Blockchains, Crypti could've attracted a lot of developer interest, however due to the massive delays that Crypti has faced, I don't see that as a possibility anymore. What is Crypti's plan currently to attract both investor and developer interest once Ethereum has launched? Becuase if Ethereum launches before Crypti, it will fill the void in the market which Crypti would've filled. The next question then is what is Crypti's reason to exist if Ethereum launches with more features and functionality than Crypti. What does Crypti offer that Ethereum doesn't?Hello Wulfcastle, the development of v0.2.0 is almost complete, yes. Boris said in our meeting last weekend that this week we may open it up for our public testing routine. The testing is pretty long with v0.2.0, as we ported the whole consensus mechanism and various needed functionalities (e.g. delegate registration) from Bitshares to Javascript. This doesn't only include MUCH backend work, but also frontend. We already start working on custom blockchains, but as this is a revolutionary process which is very hard to do, it takes its time. If it would be easy, it would be here already. At the beginning we wanted to take over a few details and functionalities from Ethereum. But as we looked more and more into their system, we see that it's not good enough for us. They have a few problems in their algorithms which will probably not end well. We will see what the time will bring, maybe they can fix the problems. The following is not to bash Ethereum, I just wrote it to show the facts. We really hope that Ethereum will work, as it will bring the whole cryptocurrency scene a level higher. Here are a few quotes about these problems: On Ethereum, the backend operations are validated by all nodes on the network, meaning that a backend will always will do what its code says it does. The network nodes process the code that is being executed in the database and come into agreement as to what the correct state of the database is through a vote. Majority always win the vote, and nodes are incentivized to do this verification work. Voting takes place at regular particular intervals, on average every 12.7 seconds.
The contract we have written earlier will be stored in this database. Contracts are triggered and executed when they are called by users or other contracts.
If you're thinking that this necessary approach presents limits in terms of processing speed, you'd be correct. The total processing power of the Ethereum network, regardless of the number of nodes that forms it, is equal to a single smartphone from 1999. This means that you're not going to want to store megabytes of data on the Ethereum network, or render 3d graphics. More: https://forum.ethereum.org/discussion/1402/how-to-get-started-your-first-dapp-under-one-hourBut as I wrote in a prior post of your thread, Ethereum has a fundamental error in their design—every node in the consensus network recomputes the script to verify it. That is the antithesis of decentralization. They will need centralized censorship and a script whitelist, or a cap on script computation bandwidth. No peers can opt out of that computation, so the network computation bandwidth is limited to the weakest CPU peer. More: https://bitcointalk.org/index.php?topic=380441.msg10504974#msg10504974Now imagine 10,000 nodes who all have to calculate and validate the same contract just to run it once. In my(!) opinion it is a waste of resources. We had similar scaling issues with Crypti at the beginning with the Proof-of-Time algorithm, and you see how long it takes to fix such problems. So don't expect great things from Ethereum in the next month. I just installed their contracts application "Mist" and I see many "lorem ipsum" texts and just UI elements with no functionality. It just takes time to create revolutionary software like Crypti or Ethereum. To the question what Crypti will offer if Ethereum is there. Well, first off what will Ethereum offer when Crypti is there? Crypti will offer custom blockchains, which will be maintained by a single authority (centralized) or N authorities (decentralized). The custom blockchain will have its own parameters and its own value tokens. With them you can start your own cryptocurrency, start a storage system, create a decentralized exchange between the custom blockchain tokens and much much more, we can't even imagine yet. You have to imagine that the internet is a huge space, there is always interest for another system which is simply working. So there will always be interested developers for Crypti in the future. I described above, that Ethereum might has a scaling problem because every node needs to validate the contract. In Crypti we don't want to go that routine. So rather to try and make revolution with unknown technology, we are focusing on facts and taking the best approaches available on the market. With the combination of these proven designs we are creating a solution that can scale to thousands of nodes in a lean and lightweight way. While supporting one of the most common languages out there, Javascript. With this solution we will not only target the financial sectors, we will be flexible enough to be applied to various other problems, for example the Internet of Things. It's market value is probably over 7 trillion dollars until 2020. (More: http://www.zdnet.com/article/internet-of-things-market-to-hit-7-1-trillion-by-2020-idc/) In the end the market is big enough for several approaches, it's not a zero sum game. We all want to deliver a cutting edge crypto technology. No one knows yet who will be the major adoption driver, or even in which market segment the huge adoption will happen. In a nutshell we are going to create a solution with real world applications and start our ecosystem once we hit designated milestones. - DPOS - VM - CBC - UI / AppStore - Visual Designer With this our marketing effort will start as well. With regards to this discussion about Ethereum and how it woulf affect Crypti, it seems like the Etherem launch has been delayed indefinitely by at least 3 or so months. Reference : https://blog.ethereum.org/2015/03/03/ethereum-launch-process/In my honest opinion, if Crypti could somehow release Custom Blockchains before Ethereum does, Crypti would have a MAJOR increase in developer support, community support, and most of all in it's market cap and price. |
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