I understand what you are suggesting Tobo.  BUT....... there needs to be some troll control here.  I dont know if you have been here from the first pages, but we have suffered greatly from Trolls, especially during periods of trouble.  We had trouble with Bter freezing our wallets multiple times, trading was stopped completely several times, Cryptsy has disabled XCR in and out since Sept; Polo has been on and off as well.

We suffered the onslaught of trolls due to those issues, as well as the "Crypti is Dead" & "Crypti is a scam" crowd while we had delays in development of "Proof of Time" (which we abandoned); scaling issues with forging, and the attacks from the "pump and dump; trash and crash" investors that attempted to manipulate the XCR price up and down. 

I let GreXX and Passion be the "good guys".......

Yes, but the way it is currently in testing, the 101 delegates forge 101 blocks in a cycle..... then the forging fees are totaled for that cycle and then they are divided between the delegates equally.  Less than 101 would result in an increased reward to the "less than 101" delegates.  

The idea is to reward faithful delegates equally and make the reward for the top voted delegate the same as the bottom delegates.  Opposite of NXT, where the more NXT you have, the more you forge.  

The team wants to have XCR traded, and used for commerce, not horded.  

You scored 98 on my troll meter.  Perhaps with a lesson from shaan.is.one you could get a perfect 100.

My "delusions' are right out of the product development internal discussion. 

Max wishes he owned that many.  We told him that he can't change the name to MAXCOIN until he owns ALL the XCR.

 

As I understand the latest version, the foundation will have 101 delegates at the start of DPOS, and will then be replaced by non-foundation delegates as they register and come on line.  The foundation delegates are "place holders" to ensure there are always 101 delegates. 

Delegates dont vote........ nodes do. 

After spending 25K XCR for each of 51 delegates, few of us would have enough XCR left in a node to vote the delegates very high. 

You would be betting against a stacked deck.  Max has enough XCR , not on any exchange, to make all 101 delegates and vote for them.


BTW, I could make more than 70 myself

You scored a perfect 100 on my troll meter

No, XCR delegates are a way to secure the network, make it decentralized, and for delegate owners to have a steady income and return on investment. 

If you promise not to tell anyone else, I will let you in on a secret..........  You can have more than one delegate. 

There are users running multiple nodes right now, one was running over 20.  What makes you think that the same user wont run multi-delegates?

$300......

With only 100 million USD market cap, And a $1 price,  XCR would be in too short of a supply.

This has been discussed, and decided against.

XCR, just like BTC, is divisible into 8 decimal places, so there are really 100 million times 100 million Cryptoshi in existance.  That gives us 10,000,000,000,000,000.  10 Quadrillion Cryptoshis.  10 billion wallets could hold 1 million Cryptoshi.  

Your point about supply and price would not hold true.  If the prce of XCR is 1000 sats, and we multiply the supply by 10, the price would drop to 100 sats.  

We would rather the XCR price climb to 3300 sats, which would be USD 1 cents.  That would make it easier for real world use to compute the value of a certain item in XCR.  

From traveling the world, and having to use other currencies that are worth small fractions of a US cent, I can tell you that it is frustrating.  Ever try to figure out what 1,101,487 Indonesian Rupias is?  Is that a fair price for a hotel room?  How about 200,000 Italian Lira?  

Big numbers boggle many minds.  Its better to stick to small numbers with a greater value each

When did I ever call a poster a "annoying bug"?

Those delegates are just place-holders to fill out the system.  They will drop off as other delegates come online, and they will be there in case of a network failure to continue the blockchain. 

There wont ever be less than 101 delegates, because the Foundation will be running 101 delegates from the start.  These delegates will have few or no votes, so will be replaced by other delegates as they come online.

The top 101 delegates will be doing the forging, but there may be as many as a few hundred delegates at any one time.  Some may have a million votes, some one vote.

Since the forging fees are divided equally between the 101 delegates that were online and forging for that cycle, there is no real incentive to be delegate #1......... payout is the same as delegate #101.   But being a higher rank makes a delegates position more secure, but not financially more rewarding.

Max can answer that the best, but today is his birthday...... You all wish him a Happy B-Day!

If you want to speed things up, contact Bter and TELL them to release XCR for withdrawal.  

There will not be DPOS until we can withdraw XCR from Bter.  There is just too little XCR in private hands for a stable system.

The team is really busy with the testing.  You would not believe how many different versions have been tested for bugs and functionality.

Ethereum is developing a similar system, with $18 million dollars of IPO money, and they are still vaporware after 9 months.  We have only a handful of devs, but have made great progress. 

Go bug Lin at Bter..... not us.

Yes, jiuge........ I believe you posted on this blog on page 1.  Glad to see you are still among the faithful.

There will be a fee to register a delegate.  The exact specifics are still in the testing and debugging phase.  The devs are quite busy with many different configurations, voting methods, double voting, coin transfer testing, double paying, and duplicate delegates.  

The failure testing has been grueling.  We want this to be as bug free and idiot proof as possible.  Once the system is complete, there will be a guide published.

DPOS will not be released until Bter allows withdrawals.  Mainly because there is only about 12-15 million XCR that are either not locked up in Bter, Cryptsy or the Crypti Foundation wallet.  That is too few XCR to run the DPOS.

The downloaded new bug fixes have a blockchain.db file that is dated to the time of the zip creation....... not the most current to the minute blockchain.db file..... so....

Before upgrading to the latest bug fix, save your Blockchain.db file to another directory.  Then install the latest version of the node.  Do not click on "launch Crypti node now" when complete.  Next, replace the blockchain.db file int the Crypti Wallet Directory with the saved .db file from before you upgraded. 

This is not a much different operation than saving the wallet.dat files when upgrading QT wallets.