Bitcoin Forum
June 26, 2024, 03:50:53 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 [5] 6 »
81  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Launch August | 100% POS | New Source | Early trading has begun! on: August 08, 2014, 09:22:55 AM
I'm holding for at least 6 months.

Who dares wins. Most of us here present made a decision to invest based on the excellence of the dev team and the innovative nature of Crypti. It is an extraordinary acheivement by the dev team which we backed because we are (most of us) cleverer than the majority.

I address the OCD amongst us when I urge you not to think about selling your Crypti for a month or so (I realise this is an eternity in cryptocurrency trading but hope you will hear me on this).

It will take perhaps 2 weeks for Crypti to impact global consciousness and for people on other exchanges to sit up and take notice. If you make investment decisions based on Crypti being (as yet) limited to BTER you will regret it if you lose your nerve. Dont give someone else your upside. When you make a decision stick to it (unless your decision was to go for your existing 30% profit which is cool).

Stand your ground (grow a pair) and you will make money and have fun.

Edit:

1. The Crypti IPO sold out within hours even though it was scheduled to last for a month.
2. By trading volume, even though it is such a new release that the wallets do not go live until tomorrow, it nonetheless has the 5th highest trading volume on BTER for its coin tokens.
3. The sine wave pattern, applying a Hilbert Transform, indicates major trending (up or down) is entirely possible. One must always be cautious because major trending is generally led by professional investors before then being followed by amateurs, but all in all, the signs look good for people who hold on to their coins for a month or more.
4. IPO investors have already made a 30% profit.

Disclaimer: I personally hold a non-trivial amount of Crypti tokens
82  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Launch August | 100% POS | New Source | Early trading has begun! on: August 08, 2014, 09:09:49 AM
what about criptsy??

cryptsy is pretty bad.

Bittrex lists shitcoins, but that's because they will list anything.  its not their job to decide the quality of a coin, only to provide a place to trade it.  i think Bittrex is the best exchange. 

To be honest I find BTER easier to use.


BTER is intuitive. I find it easy to trade with. That being said, even though I am a long term investor I still think BTER could improve the means by which withdrawals can be made. At the moment, they only have EGOPAY as a withdrawal method. A direct link to one's PAYPAL account or bank account would be optimal. Perhaps they are working on this.
83  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Launch August | 100% POS | New Source | Early trading has begun! on: August 07, 2014, 08:36:48 PM
There's a new movement in Crypto (CoinsSource, PoD) where traders are beginning to trust coins who have verified developers. Transparency has become key to success now days, are the developers (and team) willing to drop their username pseudo-names and provide a true identification? This will have the largest impact on the coin in the short and long haul. There is huge ambitions in this project and what Crypti is trying to achieve cannot be done without verified developers. The age of hiding behind usernames is closing to an end.



The dev team have identified themselves. Check the thread.
84  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Launch August | 100% POS | New Source | Early trading has begun! on: August 07, 2014, 06:00:48 PM
What is the difference between Crypti trading now taking place on BTER (that is to say, actual trading marked by higher volumes than Darkcoin and running at about 25% of NXT volumes) and the trading that will take place on 10 August 2014.

Is it the case that all current trading is limited to trading between existing IPO investors. Are third parties who are not IPO investors prevented from buying Crypti until the market opens on 10 August 2014.
 
85  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Launch August | 100% POS | New Source | Early trading has begun! on: August 07, 2014, 05:38:37 PM

I think this is good. Strong volume on one exchange is better than splitting it across multipe exchanges, at least to start with.

Well, low volume and only one exchange, this calls for trouble.  Can you expect a big increase in demand on Bter after network launch? I don't think so. People who use bter have already made their purchases. And many potential dumpers are still waiting for the launch with high expectations.

Interesting differences of opinion. I think both views are correct (however paradoxical that may appear). This is because the only real distinguishing feature (between these viewpoints) is in fact the elapsed time from the point of open market launch (00.00 UTC on 10 August 2014).

Long term, this is a great investment. But short term, there must be more sellers than buyers (because we are the only people who own shares to sell and we may be reluctant to buy more coins at what is already a higher price).

I fully intend to grab some more coins if the price plummets to IPO levels. But I do not think it will. The price just seems to keep rising.

In summary, Buyers and Sellers alike should get what they want. Sellers with OCD will make a quick profit. Long term buyers with a little more patience should make money in the medium to long term. Its all about elapsed time from launch and the vagaries of human psychology.

86  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Should we enable the Crypti owners to trade their holdings right now? on: July 24, 2014, 09:21:19 PM
No.

Arguments in favour of allowing early trading are as follows:

(1) Impatient and/or low attention span investors (or investors who could not afford to invest in the ipo and need their money back) should be encouraged to get out.

(2) Ridding the IPO of impatient investors will enable more rapid stabilisation of the market price and will allow the many investors who missed out on the IPO to gain a foothold.

Nevertheless, I vote no. Genesis investors knew the rules when they invested. They were put to their election and bought shares, knowing full well that the IPO shares/coins would not be publicly tradable until 10 August 2014.

I do not care whether or not impatient investors enjoy moving goalposts.

Let them wait until 10 August (by which point the devs and bter will be even better prepared for the launch of a potentially major global currency. The 'instant feedback' twitter/facebook generation could do worse than learn some patience (instead of limiting their education to learning increasingly bizarre methods of taking selfies). Make the non-sentient creatures wait. Its good for them to be deprived of instant gratification.

So I vote no...but shall willingly defer to the majority if most here present prefer to rid themselves now of the impatient so as to give new investors (who missed out on the IPO) a chance to buy shares.

87  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 18, 2014, 10:08:10 PM
Also, just as an FYI, any of you who are part of the Crypti Community and think you might have a particular set of skills that matches up with a function we might need post-launch, please start getting a resume together or any proposals you might have.

As many of you know, we will have seats on the Board to be filled by the community. These will be nominated and voted on by you guys and if you are interested in trying to fill those roles, I think having your ducks in a row now would help you out in the long run.

After we finalize the Foundation Charter and have the Board of Directors set, we will start looking at hiring and announcing job openings on our team for future development, marketing initiatives, etc. At this point, members of the Foundation (which membership will be explained once we finalize details), will get first priority for hiring if they meet the requirements for a position.

If you want to propose an initiative (project) that might be eligible for a bounty from the Foundation, start developing your materials and a business plan now so that you can pitch your ideas. We will have a process for this post-launch and want to hear and support ideas from the community. We might not fully fund your project, but we might be able to get you over the hump if your idea is solid and will help push Crypti forward.

These are all things you can start working on now while we continue to prepare for the launch.

Thank you to all of you who have stuck around and who had faith in us. We are working hard to make sure we don't let you down.

You have done an amazing job so far. Devs are v busy now but the rest of the community is drumming its fingers waiting for 10 August (or as in my case, posting gormless ideas to entertain ourselves).
88  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 18, 2014, 11:10:37 AM
Vc = dv/dt

Two things here:

First
"Price is what you pay. Value is what you get." - Warren Buffett


Second:
That formula makes almost no sense to me.
Not sure "Value" can be "change in value" over "change in time" .
Totel Price isnt either change in price over change in time.

Here an example:
According to your formula:
1 day without any change in value ( delatv = 0  and deltha t = 1 day (or 86400s) )
V = 0/ 86400  so total value would be 0. Guess that's not the case.

edit: I'm sorry: you define Vc as overall change. However not sure either what this should tell us.

I already know it makes no sense as it stands. My hope is that one of the serious minds will make a working formula from the wreckage Grin
Edit: If Vc = 'change in value' and uses BTC as units for value, that makes more sense provided dv becomes dp (change in price using units of satoshis).
89  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 18, 2014, 09:34:27 AM

i can sell my bter acc with 5.23 crypti for 100 btc

you want 20x return Smiley Smiley ?

How will Crypti behave in the first 60 minutes after the market opens?

Is a sharp rise likely from the opening bell (x 20 for example)? Might rises measurable in orders of magnitude be followed by stabilising events?

What value do you predict Crypti may acheive (in terms of the high watermark) in the first 60 minutes of trading?

It is possible to predict how the new currency will behave mathematically (using a formula of some sort)?

For example, can you populate  a rudimentary equation with meaningful variables or constants to predict the behaviour of a new cryptocurrency that has just been released onto the market?

If
Vc = Overall change in value of genesis shares from initial IPO presale price (units = satoshi)
dv = change in value of Crypti (units of satoshi)
dt = change in time (in units of seconds)

then

Vc = dv/dt

But surely there is more to it than saying that delta v/delta t = overall change in value. Maybe someone who knows their stuff could give us some pointers here.

Edit: The units make no sense at the moment
Edit: It would be elegant to have a formula that uses seconds and satoshi as SI units
Edit: The market cap of BTC would also enter into it
Edit: We would also need a term (theta) being a unitless fraction (a value between 0 and 1) to represent efficiencies linked to innovative features in the new currency which would be let us say 0.95 or more for this particular currency (as it is the state of the art in second gen currencies) and say 0.1 for BTC)
Edit: Variables for supply and demand analogous with Pressure(Pa) = Force(N)/area(m2) but instead have demand (BTC) = price (satoshi)/supply (100m) though mixing units just cannot be good. Too much time on my hands by far
90  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 18, 2014, 07:28:34 AM
And if we are talking 2nd gen tweaks and remembering quickly, then lets really go metric system. Make the smallest unit go to the 9th decimal, instead of the 8th. This way its all based on 1,000 goes to the next unit.

1                   Crypti          Ͼ
0.001            Cyptino        Ȼ
0.000001       Crypton       Ͽ
0.000000001  Cryptoshi    ₡
 

Interesting idea about going to the 9th decimal instead of the 8th for the smallest unit.

However, (and I genuinely do not know the answer to this question).... what market perceptions might that create?
91  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [VOTE] Official ticker of Crypti on: July 18, 2014, 06:39:30 AM
I vote for Crypti, because cry is cry,
but my second op is CRT

What he said.

Crypti is a good name
92  Alternate cryptocurrencies / Announcements (Altcoins) / Re: POLL - Name for smallest increment of Crypti, 0.00000001 Crypti on: July 17, 2014, 09:05:04 PM
Crypton

I dig it. Means 'of that which is hidden' in Latin.
93  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 17, 2014, 06:49:14 PM
Sale domain name Crypti.org,if you like it,PM me please. Wink

Nice you registered it month ago, just after thread was started.

Crypti.info is still free anyway Tongue

(probably shortly after I post this it will not)

As well as hundreds other domains. Fuck squatters of cryptocurrencies domain names. I don't even reply when they PM me, coz one should be a total asshole to squat coin names or aliases with user forum names. Such people are the scorn of crypocommunity.

UPD: Decided to check his profile if he's Chinese and not surprisingly he is. Seriously, what's wrong with those guys. No human ethics, no normal trading techniques. Just scamming, dumping and cheating. Well, at least 90% of them.

While I'm not a fan of domain squatting either, and there is a 0% chance of the Crypti Foundation paying a premium for crypti.org (we would buy it at cost), please refrain from making ethnic comments in this thread. We are a global community, and these types of comments are very offensive and not at all professional.

When I traveled to China on business, I was amazed at how industrious, friendly, and helpful the people were there. I'm really glad I had the opportunity to experience Shenzhen 14 years ago as it was just starting its international rise in commerce.

What time he make the update?  Angry
I said i can donate this domain name to the community.
Chinese,Russian,American.....
What is the difference?
ASSHOLE all over the world!

I like this opinion,ok,if the community want,i can donate this domain name. Grin
BTW,im not a asshole,im a small investor. Grin

Thank you, flankliu, for your generous offer. We did look into acquiring the crypti.org name for the foundation shortly after the ANN thread went up, found it had already been registered. I'm sorry I didn't notice your offer to donate it to the Crypti community in your earlier post - I was somewhat inflamed at the ethnic comments surrounding the issue.

We are currently discussing the web hosting and consolidation of the web site and other online information, along with the addition of the blog for project updates. This makes the domain issue very timely.

We will also be looking for candidates to run for spots on the Foundation board, so please consider a candidacy for a position if you are so inclined, along with any one else here.

Flankliu most generously offered to make the domain available to the developers and the community. It is a matter of regret that he was unfairly criticised for his kindness and disturbing that the immense contribution China has made as a world leader (in finance, culture and innovation) was so crudely and xenophobically criticised by someone here present. I sincerely and contritely apologise to Flankliu...and hope the devs support his application to sit on the foundation as I most assuredly do. 
94  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 17, 2014, 10:59:07 AM
The idea of coin is genius and I'm very intresting in how it's going to behave after launch. If I get this right, the idea is in inversing the classic hoarding mechanics, so the fees on transaction will spread widely.

This creates the "inverted vortex" of coins movements - and it means the growth.

The ideas inverting hoarding mechanics are entirely novel (so far as I am aware) but there are a number of additional novelties that make the IPO interesting as well. This is why it became heavily oversubscribed and why it is no longer possible to buy genesis shares.
95  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 17, 2014, 07:36:04 AM
hahah this is sorta trip'd out.. posted in 2013

http://en.wiktionary.org/wiki/crypti



Well spotted Sam! You cant make this stuff up.

Changing topic slightly, I hope the devs and community will consider using the expression 'ex nihilo totem fit' as a motto. Just the right length (in terms of an inscription) to fit around the circumference of a coin motif, in about the same place where the pitch circle diameter of an impulse turbine might be found. Coin turbines.

You can probably tell we have too much time on our hands  Grin

But we may as well have some fun waiting for the market to open. Boredom is the only real enemy.

Referencing some earlier posts, the intellectual superbeings in these here parts are not common or garden investors like me. I made basic mathematical errors when first calculating coin assignments. The creators of Crypti are the clever ones. Exceptionally brilliant people.

I am not smart but I am smart enough to know that they are smart.




96  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 16, 2014, 10:24:00 PM
Crypton has a nice ring to it, and is short and easy to pronounce. We can set up a poll on another thread, so any ideas would be welcome.

I also like this. But in bitcoin, it is easy to distinguish smaller units because of "micro" or simply "bit". Crypton doesn't have that same feature.

I agree. However, if Crypti is set (as it would appear) to become a major global currency, a counterargument is that people without a science background (for whom microfarads might as well be something you heat up your dinner with) may more rapidly comprehend precisely what a Crypton is. Without more, a distinguishing feature may have greater traction in the long term.

Edit: In fact, we do heat up our dinners with microfarads when we use microwave ovens, as they contain enormous capacitors and the unit for capacitance is the Farad. Oops  Cheesy

Although catchy, Crypton will be confused with another cryptocoin, past, present or future.  You also leave your self open for a copycat to use that name.

That is entirely possible...perhaps even likely... accordingly there are good arguments for and against. Focusing for the moment on arguments in favour, the photonic aspect appeals to me having been fascinated by photons and their relationship with matter for some time. It is this relationship between matter and light (analogously between the substance of matter (Fiat currencies) and the inchoate nature of light (Cryptocurrencies) that interests me. One may convert the one into the other by means of a relationship not entirely dissimilar to Einsteins wonderfully simplifying equation...E=MC2. It is this relationship between thing on the one hand (Fiat currency) and 'no thing' on the other (Cryptocurrency), matter and light, that bears comparison arising from their interchangeability. Cryptocurrencies create real substance, real value and remarkable utility even though they arise from the 'nothingness' of mathematical abstraction (ex nihilo totem fit - from nothing everything comes). Add the fact that the exceptional ideas underpinning Crypti orbit the seismically important idea of a currency that incentivises the movement and flow of the currency (just as photons have to keep trucking or end up with zero mass) and it may be that the word is a candidate alternative for micro-crypti. But your points are well made and better candidate names may be only moments away.

Edit: Samsmith16 pointed out the photonic resemblance, not I
97  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 16, 2014, 09:39:39 PM
Crypton has a nice ring to it, and is short and easy to pronounce. We can set up a poll on another thread, so any ideas would be welcome.

I also like this. But in bitcoin, it is easy to distinguish smaller units because of "micro" or simply "bit". Crypton doesn't have that same feature.

I agree. However, if Crypti is set (as it would appear) to become a major global currency, a counterargument is that people without a science background (for whom microfarads might as well be something you heat up your dinner with) may more rapidly comprehend precisely what a Crypton is. Without more, a distinguishing feature may have greater traction in the long term.

Edit: In fact, we do heat up our dinners with microfarads when we use microwave ovens, as they contain enormous capacitors and the unit for capacitance is the Farad. Oops  Cheesy
98  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 16, 2014, 09:08:50 PM

I think Cryptoshi sounds quite good.

This one's a great suggestion...Cryptoshi! or even Cryptishi.



Well even though I like Cryptite, this Cryptoshi is growing on me... especially when you start looking at it like one day we will be trading
Satoshi's for Cryptoshi's    

I rather like 'Crypton', because it has alliterative reference to Superman's Kryptonite (strength) as well as to the word 'coupon' for that to which value has been assigned Smiley

yeah Crypton sounds good as well my mind goes to Photon rather then Kryptonite which is good bc Photon is a small unit of measure...

And Cryptons, like photons, may be said to have zero rest mass. The currency is based on brilliant incentives to keep it moving around.

Edit: Cryptons. The light of finance.
99  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 16, 2014, 09:00:06 PM

I think Cryptoshi sounds quite good.

This one's a great suggestion...Cryptoshi! or even Cryptishi.



Well even though I like Cryptite, this Cryptoshi is growing on me... especially when you start looking at it like one day we will be trading
Satoshi's for Cryptoshi's    

I rather like 'Crypton', because it has alliterative reference to Superman's Kryptonite (strength) as well as to the word 'coupon' for that to which value has been assigned. It also has some of the characteristics of the name of an elementary particle Smiley
100  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started on: July 16, 2014, 08:44:05 PM
Do we know how many coins will be distributed for a btc to the first day buyers?

About 113,000 without taking bonuses into account.

We could be a little more precise and figure:

First 2 days with 30% bonus, 400 BTC invested............. 400X1.3=   512 parts
Second official day with 29% bonus, 200 BTC................ 200X1.29= 258 parts
Third official day with 28% bonus, 150 BTC..................  150X1.28= 192 parts
total BTC, 750.  Total parts   .................................................... 962 parts

Each part then is worth 88357 coins. Multiply parts by bonus to get:

Share with 30% bonus.......... 114864 coins
Share with 29% bonus.......... 113981 coins
Share with 28% bonus.......... 113097 coins


math check:

400 shares with 114864 coins each...........  ~45.9million
200 shares with 113981 coins each..........   ~22.4million
150 shares with 113097 coins each..........   ~16.9million
total.....................................................~85 million










I calculated different figures assuming as follows:

100,000,000 coins / 750 BTC cap = 133,333 crypti per BTC invested in the presale.

If the investment was made on day 1 (30% bonus), in that event 30% of 133,333 = 40,000 Crypti = 173,333 in total

If this is right and each Crypti has a notional market opening value of 0.0000075 BTC, then 173,333 x 0.0000075 = 1.299975 BTC or 1.3BTC

Having regard to the obvious demand for Crypti, price rises may involve orders of magnitude in the first few hours of trading.

If this is correct, here are some figures based on a presale investment of 1 BTC on day 1 of the presale:

0.0000075 BTC per Crypti = 1.3 BTC (based on US$638 per BTC = $829.40)
0.000075 BTC per Crypti = 13 BTC                       "                       $8,294.00
0.00075 BTC per Crypti = 130 BTC                       "                       $82,940.00
0.0075 BTC per Crypti = 1300 BTC                       "                       $829,400.00
0.075 BTC per Crypti = 13000 BTC                       "                       $8,294,000.00

Market cap of BTC is plainly not going to be exceeded by a new coin, but between one and three orders of magnitude increase in value are theoretically possible out of the starting gate and 4 or 5 orders of magnitude are possible in a year or so.

By way of disclaimer, I have invested all I have in the presale and accordingly I am in no position to be objective but I thought it would be fun to share these figures in the hope (speculation aside) that at least the calculations are correct (outwith the fact that the suppositions on which increases in value are posited may be entirely incorrect)




your fugures are wrong, because the whole 100 million coins are not for sale.  Just 85 million.  Also, the bonus has to be figured in differently than you did.  If you multiply all your coins per share by the nukmber of shares you will come out with 130 million coins.

You are perfectly correct. Sincere apologies for my mistake which only became obvious to me the moment you pointed it out.
Pages: « 1 2 3 4 [5] 6 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!