That's interesting. How does it work? If you login to a remote note and enter your private key to login; what prevents the owner of the node/webserver from recording your key?

If DPOS is such a big deal as you claim, you should take into account that the 100 million supply of your coin is the lowest of all major POS coins. Maybe you could change it when creating the new blockchain; you only need to shift the decimal point.

You do? Your client needs 10 Minutes to load, another 10 minutes to sync if it was not active for a week, and a transaction will take at least 1 minute. As I understand it still uses a normal blockchain, and generates new blocks even if there is no transaction. This all sounds like a POS version of Bitcoin. Why should anyone use it instead of Nxt, Nem and the 10 other blockchain based POS coins? What makes Crypti awesome for the average user? What is the unique feature a person not interested in computing theory will care about?

This makes sense. No wonder I could register an account without completely downloading the blockchain. I sent some XCR to this account from bter and the balance showed up in the account in the explorer. Then, to send XCR in that account, I have to completely download the blockchian. I guess that once I did a transaction in that account, my account number will never collide with other account number becasue my account number now is associated with my private key, right?

It's interesting people bought it up to 1950 on poloniex when there is more than 15 btc worth for sale below that on bter.

What will be the difference between Cripti and other DPoS coins (BitSharesX, for example) after DPoS implementation in 0.2.0v?

Yeah guys, I've bought a bottle of champagne two weeks ago and still waiting 0.2.0 release to open it.

If I create an account before the blockchain is completely downloaded to my computer, will this account still be a valid account?

For the record I've got a sizable amount of Crypti but not as much as 5.4M.  I'm not 584C, 728C or 952C.

I will be very very happy when 1 XCR = $1.   On that day I will quit my job and go get a ice cream sundae to celebrate.

Specific questions I would like discussed at today's dev meeting and hopefully answered here on the forum:

1. What is the proposed dev target level in US dollars of monthly minimum compensation a Founder will hopefully receive from user fees?  

2. What is the proposed dev target level in US dollars of monthly maximum compensation a Founder can receive that would trigger a dev reduction in user fees?

(Anybody risking 10K Crypti in an "election" to claim the reward between these min and max target values - and who must pay for a node out of his own pocket month after month if the target range isn't hit due to low Crypti value / traffic - deserves to know these numbers.)

3. What is the minimum user fee value that the devs believe would hold blockchain spam to an acceptable level?

4. Can the DPoS system theoretically allow Delegates to avoid adding a zero block to the blockchain if there is no transaction activity for a given time, this reducing blockchain bloat?  Will this feature be in 0.2.0?  If not, can it be added as soon as possible to 0.2.X?  

5. Can the DPoS system theoretically allow Delegates to temporarily halt forging when the blockchain hits a certain length and forge a new Genesis block that is cryptographically signed as valid by a large majority of Delegates, with the previous "bloated" blockchain frozen and archived on a public website for audit purposes?  Would this system adequately deal with "blockchain bloat / spam" and eliminate the need for a minimum spam reduction user fee?  Will this feature be in 0.2.0?  If not, can it be added as soon as possible to 0.2.X?  

Totally agree, I'd go for x100 though. As to .5%, this song is old as life. As I understand heavily loaded accounts will vote for their own delegate(s), thus scooping up transaction fees from entire network => getting richer. What if fees are lowered to 0.01%, do you guys seriously think there will be not enough wallets to fill 101 place? I would sign my AWS for even 0.001%

Bitcoin is not doing fine. Initial sync can take two days, a single confirmation one hour, and it uses gigabytes of space. It'll be completely useless 10 years from now, and this is one of the reasons why it's at $250 instead of $1100 by now. It will be replaced by a lean system that loads within 20 seconds, syncs within a minute, and confirms a TX within 30 seconds.

Loving all this discussion and passion. And loving how into it the Crypti team is and responds.

I am also for "if it ain't broke don't fix it".
I believe only negative perception can occur from a change in supply.
Even though we are rebooting Crypti, a change in supply is a weak sign
and psychologically unstable in the overall perception of Crypti.

I'm still for much lower fees until someone can explain why .5% make sense.

Multiplying Crypti balances by 1000X (not your 100X) would take Crypti from 1200 Sat to 1.2 Sat per Crypti and from 100M to 100B total coins.  DOGE is currently at 52 Sat per DOGE with 100B total coins.  Moving to 10,000X would give Crypti a trillion coins worth 0.12 Sat each.  That would be 1000/7 = 142 Crypti on average for everybody on the planet.  Thinking big is about thinking of everybody on the planet holding Crypti.

Plus, micropayments are the future, so they say...

A new Crypti coin divider value is a side issue.  

Any comments on the idea of DPoS routine regeneration of the Genesis block to control spam and enable 0.0% fees?

This change will help XCR in the long term growth. It is not for the short term.



This is a valid point. The timing is debatable now. XCR is still in the beta stage. It  will be much easier to do it before the implementation of DPoS though.

The .5% fee still bothers me guys. I know the Crypti Team put a lot of thought into everything they do.
I wouldn't want you to change it just because 4 posts in a row say its too high.
Unless there is a really higher level thought process going into the .5% that you don't want to reveal I don't see it working.

Because Crypti is young and has little activity you want to reward delegates with a .5% fee.
Anybody running as a delegate now has to be doing it to support their investment in Crypti.
Its later on when we have high value and activity that a delegate will run for income.
So a high .5% fee now is unnecessary and will only turn off anyone looking into Crypti for the first time.

I was looking at blockchain.info. Look at all those transactions coming every second.
I know you guys said if we ever get to bitcoin level of activity the fee will reduce.
But bitcoin doesn't charge a %. Its a miner fee of .0001.
That means if you send one bitcoin it cost you .01% compared to Crypti's .5%.
If you send 10 bitcoins that same .0001 fee is only .001%.

Nxt from the beginning had 1 Nxt fee and even that was debated as being too high for a long time.
If you really like the flat % thing and have a reason for it then I feel it must be something significantly lower.
It has to be lower than .1%. To me .05% is still high but reasonable and won't turn off newcomers (.01% is better).
And when Crypti has a rise in value and usage, it should be lowered further.

Sending 100,000 Nxt costs 1 Nxt. At 100M supply Crypti's equivalent is sending 10,000 Xcr at .5% costs 50 xcr. Its only 5 xcr at .05%.
We should start at .05% and lower it to .01% when we're at 30-50M market cap.
But at the very very least if you dislike .05% then .1%. I mean .5% just sounds so high.