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561  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 03:41:53 PM
Isn't the CRY transfer fee 1% already? Is BTER charging 1% on top of that?

We are actually discussing a method to reduce the fee for regular (non-commerce) transactions, and will announce an update before the Crypti issuance.
562  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 03:26:54 PM
Attitude of China govement regarding BTC/altcoin is not clear until now, may be these coins will be forbidden in China via this IPO thing, let's wait and see.

First (as it was said many times), it is not IPO but rather a pre-sale of Crypti.

Second, Bter has done their own legal homework as well, before joining this pre-sale.
563  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 03:23:05 PM
Yesssss finally !!!

I waited so long for this one...lets roll !!
I would like to take the opportunity to kiss some ass and say that you Dev's have been outstanding in all aspects since the first page of the Pre-Ann thread. quick answers, consultations with the community, implementing our suggestions and all under nonstop trolls attacks. Well done guys you're proving yourselves just right!  

In the same note, i would like to strongly suggest we do reconsider some sort of general Pre-sale Cap. This Cap can be big (1000~ BTC) but we must set it now. By the interest shown here and due to the Bter sales rate, this can get out of proportion very soon and Lead to premature congestion while lowering the Buys force at the exchanges past the pre-sale. if that indeed happens Crypti price will be constantly dropping in the near future. capping the pre-sale will benefit both us the intial investors and both the future demand for crypti.


Thanks for the kind words Smiley.

We received multiple suggestions regarding the cap, and now seriously considering it yet again. If any change, we will announce it as usual.
564  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 03:16:24 PM
The former does sound wrong. However, the latter is pretty normal. The block chain is public and any block explorer will allow the ability to see any account's balance and all it's transactions.

The former is due to API being authenticated via GET, we are POST/SSL'ing it right now.

The latter is indeed a part of the API for upcoming block-chain explorer.
565  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 03:09:09 PM
Even with Maxmint and bter as escrow:
here is a possible scenario...
Crypti launched, people get their stake, devfund gets their BTC, whitepaper and roadmap released, hype and exchanges, suddenly devfund of cryptsy now sold for BTC. Suddenly whole devfund of BTC missing. Suddenly dev missing. Sorry, didn't work out. Look what happened with Silkcoin before it got resurrected. Actually thinking about it... there's some similarities. Wulfcastle involved with this coin at all?

Do you have a solution for the devfund safety that I have missed?

Yes, a multi-signature wallet, with keys held at hand of the foundation members, who will use them only periodically for expenses management.
As the foundation will consist from launch team and publicly elected community members, it's extremely unlikely there will be enough consensus among everyone to ran away with the funds (and do a good cover story for that).

This on top of the fact that to some of us, reputation is more valuable than money.
566  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:57:56 PM
Will the wallet be available on the NPM system, for those that already have node installed?

Good idea, we can consider publishing to NPM as well.
567  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:45:48 PM
Ah okay, never used XCP hence the confusion at the long pass-phrase, coming from a QT here so thought it would be shorter Smiley. Also you say that a Crypti SDK can leverage the network to allow the development of "decentralized networks with its own fee structure and assets", will you guys actually develop any of the mentioned platforms such as cloud storage etc yourself or will you leave that up to third-party developers

We plan to develop at least the ratings and online-market place systems to ensure Crypti success for the eCommerce.
Naturally we will encourage 3rd party developers to launch their own products and services on top of Crypti custom block-chains.
568  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:43:07 PM
Correct me if I'm wrong, but Node-ffi is used to communicate with the native C++ library in Node.js? Java as a language needs to die, it's got too many security bugs and I'm glad you guys aren't using.

Indeed, C or C++.

I wouldn't discard JVM so soon (Scala pretty much redeems it), however we do not plan to use it for Crypti.
569  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:40:36 PM
BTER is under my respect for such progressive moves. Grin
But there is a lack of proofs that you are the long-term project. We will see what will be next.

Part of Crypti team is already works on it full-time, and the Foundation will hire more full-time people once the pre-sale is over. We intend to handle it as a full-fledged start-up company, with all the responsibility that comes with that.

However actions speak louder than words, and in this case we hope people seen what we capable to and also present the results soon.
570  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:35:58 PM
Reason I ask this as Node.js doesn't have the same amount of developers or as big a community backing as say Java or C++. Nevertheless from what I know about it is that it scales better, but it suffers when tasked to do mathematical equations etc. Considering that all digital currencies are based on cryptography which itself is extremely mathematical intense, wouldn't that hinder Crypti's ability to scale as Node.js just doesn't run mathematical tasks as quick as other languages.

This is a good point, and we have discussed it in past.
In case we see that performance is not enough for certain operations, we will offload them to native libraries (via node-ffi for example).

By the way, this actually is what Qora does.


I'm about to invest some BTC, but first could you answer this question :

Seems we are thinking on the same wave here Smiley.
571  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:15:45 PM
I think you are making revolution in the fairest variant of IPO with BTER pre-sale.
Future IPOs should be in a platform - big exchanges are more trustworthy than individuals or teams.

A fair and distributed launch is exactly what we are trying to achieve.
Thanks to our valuable partners Bter and Maxmint (to join soon), we hope this goal is within reach.
572  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:08:33 PM
I bought the share from bter but it is not showing in my account balance and also they deducted my btc from my btc account?

We got reports of this, and asked Bter to check.

However you can look at your Sell when in CRSALE section, the bought CRSALE are presented there.
573  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:06:44 PM
You guys know nothing except sending your money to DEV, dumper! This is the root cause why DEV want a platform IPO, do you feel shame?!

Actually, the buyers are sending the BTC to escrows, who will release them to us only after a proven Crypti distribution to community.
574  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 02:03:16 PM
1.How much Crypty would be in circulation?
2.You are selling stakes for 5000 BTC? What is the goal?
3.whether crypti can maintain this high value after launch?

hope you can respond to my question

1) All 100M Crypti will be eventually in circulation (after vested Crypti released to launch team).
2) 5000 is just a place holder, what will define the final amount of sold CRSALE tokens.
3) We will set a Foundation, dedicated to Crypti further product development, marketing and promotion. The increasing price of Crypti will result from a real work and a real value, rather then a short term speculations.
575  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 01:42:53 PM
Step four

Once the pre-sale is over, your purchased CRSALE tokens will be converted to Crypti, based on the amount of CRSALE you hold, and the total funds raised on the pre-sale. You could then withdraw them to you Crypti wallet.


How does it work?
And how you can pay out the bonus of 30% to the buyers on BTER? On Bter you cannot see the name of buyers?  Roll Eyes

You just withdraw them to Crypti address, as you would with any other crypto on Bter.

We have worked out a solution with Bter to support this (using buying dates and times).
576  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 01:40:11 PM
Someone bought for 7 btc in bter !   Shocked

People are dumping NXT and buying Crypti.  Wink


I'm not sure the dumping is really related to us, however we are certainly grateful for the trust!
577  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 01:39:10 PM
The currency is wrong, let me feel is to want to cheat money, I just want to ask the interests of investors considered?

May I ask why you feel so?
578  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 01:36:25 PM
When do you receive the funding from BTER ? after the launch ?

We will receive the funds from Bter and Maxmint, only after we have a proven distribution of Crypti to buyers.
579  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 01:30:48 PM
When would be the launch approximately?

After the pre-sale is over, we will launch the mainnet and distribute Crypti within 7 days.
580  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Crypti | Release July | 100% POS | New Source on: July 10, 2014, 01:28:35 PM
Is this the Beta ? - http://crypti.me:6040/

Yes, and it's continuously being updated with new features.

Just for information, here is a screenshot of our internal development Trello board:
http://take.ms/wAZun
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