Haha this panic  
I wait for epic dump at 500 sat  

The only thing that annoy me is they are like 6-8~ guys depending how you look at things still they cannot answer people. We get maybe 1 update a day if we're lucky.
No one is active to answer questions. We we're supposed to get an update a few days ago after they returned from the Bitcoin event, what happened to that?

I bought some more BTC but I will hold most until they fix their shit. Unacceptable. Some explaining is at place right now.


...but if you look at the history of how things have been done you'll find that's exactly how it works. Biggest balls biggest profit.  
They afk from thread for a while then come back and deliver. Since this project is fresh code and takes hard work, things will take time and people will panic.

But I don't feel shutting community out is the right answer, just because some people here troll it doesn't mean everybody does. People need their hand to be held and Crypti needs to have people that can answer.



Hopefully it will come this weekend. But really guys value your supporters higher than this. People freak out every 5 minute.

WTF is your problem this isnot DRK thread, go suck the hackers dick there and let we post here.

lol they are all sucking the hackers dick on the thread lol, with Monero there is not even an exploit and we say fuck you to the "attacker"

A turing-complete scripting layer that can operate on top of the Nxt blockchain. "Turing-complete" is a term that means the scripting language is not limited in scope and can compute anything. This Nxt application will allow for the creation of Distributed Autonomous Corporations (DACs) that can issue transactions automatically, based on a set of rules.

Other Coins I used to mine eventually made their way to MintPal.  The bloggers warned that "MintPal is where coins go to die"..... well it turned out that way for most of them.  Now Moolah may find out that 'MintPal is where companies go to die" as well.

They must be using interns and new grads to write their software and handle the 24 hour migration that took 6 days and is still not right.  My JPC coins that I mined during the shutdown are still not showing, nor are my BTC from before the change over.

We will be rewarding the first ten traders to hit 100 BTC in trading volume, with 1.5 BTC each.

In less than 30 days. The countdown begins today..

We were up to 3 am meeting last night, at the airport at 4:15, and I am waiting on my plane back home now. I will try to rest a bit, see my kids, and then post an update this afternoon and fill you guys in on where we are at.

Can we just forget Mintpal?
V2 is pathetic full of bugs, logins input box are not styled misaligned, built over $21 theme I could go on very unprofessional.
Guys hitbtc/btc-e are the exchanges to be in. If you agree continue voting.
As far as i'm concerned there wont be volume on Mintpal anytime soon.

You need to offer a reward for info.

1 million NXT should do it.

A group of are us are developing an ARM based coinbox for sale, and there is some overlap between the Crypti team and the coinbox team, Bitseed. We initially tried the NanoPC, a quad core ARM Cortex A9 board, which proved to be unstable. We then went to the Odroid, also a quad core board, which runs well but is too expensive to meet our sub-$100 retail price point. We are currently testing the Cubieboard2 and Cubieboard.

The product is meant to be a stand alone low power secure coinbox which can be always on to run PoS type coins, starting with NXT and Crypti pre-loaded for customer convenience.

It is also the core of our cryptocurrency based mesh networking project, where users can earn coin by providing bandwidth and storage to the mesh network, use the coin to access the network elsewhere with mobile devices, and buy or sell the coin as desired. We just had a very productive meeting with a supplier of TV whitespace electronics which has 10-15 mile range without needing line of sight with 19-21 Mbps data rates. This will allow the mesh to start with a much sparser population of nodes than is possible just using WiFi.

The development path is to start with the coinbox to get the units into the hands of users and developers, add the mesh networking hardware to the coinbox to convert it into a mesh networking node, combining the electronics into a single board system to produce a low cost stationary node capable of running on solar power, and then iteratively shrink the system to work first as a compact tethered node to operate with a mobile device, and finally, integrate it into mobile devices like the Google Ara modular phone and/or an open source mobile device which is part of a networked personal wearable system which can integrate a heads up augmented reality display, PTZ cameras, wrist band displays, gesture and voice control, and specialized devices like medical diagnostics and scientific sensors.

Is the goal of rewarding users in an equitable manner for running nodes the right goal for Crypti to have?

This leads directly into a critical philosophical discussion and a practical solution for Crypti that I was going to wait about bringing up until things were more stable, but maybe it's time to have that discussion now.  

Start from first principles.  In any cryptocoin system, SOMEBODY must be selected to encrypt the current block and add it to the blockchain.  

PoW Bitcoin first motivated these "miners" by giving them a reward of newly created coins.  This created three problems.  

First, the new coins created every ten minutes is a huge source of monetary  inflation for the Bitcoin economy (despite Bitcoin's false propaganda to the contrary).  

Second, the miners are motivated to start a huge ASCI arms race that cannot be sustained and is headed very soon to becoming a classic case of ecological exponential growth / collapse (see http://blockchain.info/charts/hash-rate?timespan=all&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=) .  Like the death of the dinosaurs, this will soon kill Bitcoin stone cold dead and open the landscape for a new 2.0 cryptocurrency to become king.

And finally, the Bitcoin approach is incredibly wasteful.  During every Bitcoin 10 minute block period, literally thousands of millions of billions of candidate blocks are generated for possible inclusion on the blockchain.   It takes tens of millions of dollars of gear to do this burning huge amounts of electricity.  Every single one of these block is mathematically correct as a block chain add-on.   All (except eventually for one) are rejected because they don't have enough "leading zeros" in the first part of their bit string to "win" the (illegal in all US States) DICE THROWING GAMBLING GAME being played by the miners to select who gets the new coins.   Bitcoin is no different than shooting dice in the back alley except they use computers for the dice and the internet for the back alley.  BESIDES BEING ILLEGAL, THIS IS A HUGE UNNECESSARY WASTE OF COMPUTER POWER.

PoS NXT solves the last two problems by cooperatively designates in advance one single person to generate the block every blocktime instead of competitively selecting in realtime the winner of a huge worldwide gambling contest every ten minutes as Bitcoin does.  Instead of the warehouse full of $2000 ASIC supercomputers the Bitcoin miner needs to win his lottery to forge a Bitcoin block, all a NXT forger needs is a single $35 Raspberry Pi (or better still, something just a little more powerful but still incredibly cheap like an ODROID-U3 : http://hardkernel.com/main/products/prdt_info.php).  This HUGE advantage alone means NXT will ultimately win over Bitcoin.

But NXT still feels the need to "reward" people for running nodes.  Since no new coins are being created like Bitcoin does, NXT "recycles" to node operators / "forgers" a small proportion a coins gathered as "fees" during a blocktime.  Well, that's OK, but to win the NXT lottery that single Raspberry Pi or ODROID-U3 has to be loaded up with as much NXT as possible (the "stake" in PoS) to maximize the chances of winning the NXT lottery.  This leads to a mentality that NXT needs to be hoarded by individuals instead of dispersed among many to form a merchant-based sales economy.  

Crypti wants to become the foundation for merchant-based sales.  So the devs have come up with "PoT/PoI/PoP" to replace NXT's PoS and so break out of the PoS inevitable coin-hoarding mentality.  This is indeed the next big step  and why I am interested in seeing Crypti succeed.

But in addition to breaking out of NXT's PoS coin-hoarding weakness, Crypti needs to break out of the real flaw that both Bitcoin and NXT share : the perceived need to reward node operators.

Rewarding node-operators just isn't necessary AT ALL.  Computers have become so cheap and so ubiquitous that it really isn't necessary to motivate people to operate them anymore.  There will be no stopping the cryptocoin that realizes and implements this fact.

Think about it.  In the real-world retail environment, the concept of "blocktime" is "ringing up a sale".  Are reward fees used to finance the operation of a cash register?  Is a cashier paid a "tip" for pushing the buttons and swiping a card / opening a cash drawer and making change?  NO!  Both the cash register and the clerk are so cheap they are both considered "overhead" in the operation of the sales environment and paid as an expense in the overall operation.  

With cheap sub-$100 computers like ODROID-U3 capable of making up ALL nodes in a Crypti network, the idea of coin-owners being needed to operate the nodes AT ALL, much less needing to be "REWARDED" for doing so, is ridiculous.  If Crypti is really being used by merchants as true money, the MERCHANT POOL running Crypti processing nodes will provide all the nodes required to secure the network, and can adjust their prices so running a cheap node is just another incidental business expense.  

So to repeat, there really isn't a need to have Crypti coin holders running nodes at all, much less be "rewarded" for doing so.   You've got 750 BTC worth between a quarter and half million dollars.  Go buy a thousand ODROID-U3s for $100,000 and let the devs set up a huge 1000-node Crypti network on those at relaunch.  As merchants sign up, power down an ODROID and mail it to them for FREE to start back up in their store.   Or let them download the code to put in an SD card and stick in a ODROID for a configuration-controlled addition to the network.  If Crypti is a successful cryptocoin of commerce, paying $100 for a little plastic brick to sit in a corner so they can join the fun is no big deal for ANY commercial vendor of ANY size.  They don't need to be rewarded every so often for such a small buy-in requirement, especially since the reward is a mere pittance anyway.

Remember, the key is not rewarding a node operator - it is cooperatively designating one to add the next block.

The real key is to get merchants to want that little plastic ODROID brick / Crypti node.  No mystery remote server setup for them, no bulky windows computer running 24/7 for them - just pull it out of an envelope, plug it into a wall socket, and access it thru a cell phone app / wifi to setup and processs sales transactions.   That should be the pitch.

Crypti alone isn't very enticing to lure a merchant  - it's just one of many cryptocoins and has a had rocky start to boot.  So the brick needs to offer something more than just Crypti to generate immediate interest.  Now, if its code could handle / automate BITCOIN operations NOW for a vendor as well as CRYPTI  operations as those ramp up in the FUTURE, I think there would be some real merchant interest in getting one.  Offer merchants something that can help them handle Bitcoin AND Crypti.  We gain market penetration based on the Bitcoin capabilities.  If and when Bitcoin falters, we have already arranged a seamless merchant transition to Crypti.  Merchants come for Bitcoin, they stay for Crypti.

Don't lose sight of what your primary goal for Crypti is: to become a non-hoarded coin for merchant use in sales transactions.  

Is working to perfect a PoT algorithm to reward coin-holders the most direct, most efficient, and most likely to succeed effort that will achieve that goal?

Or is concentrating on creating a dual Bitcoin transaction access / Crypti block creating cheap node that merchants will want for themselves NOW a better path?

Maybe this is not an either - or situation.  Maybe...do both?

My parting thought: if you are doing a major system reorganization anyway, take a step back and see how you can more tightly integrate a cheap, simple standardized building block like the ODROID-U3 into your revamped effort and so create something that will better advance Crypti with an additional hook like Bitcoin access to MAKE MERCHANTS WANT IT NOW.

Making merchants want it NOW:  that's the path forward for Crypti.

My old laptop just died, but I recovered the hardrive and bought a new one. Since then I have moved my old wallet file onto my new computer but after downloading the blockchain my balance is still at zero! I think I know my old private key or address code. PLEASE HELP!!!!!!!

Wulf we had conversations with him before about possibly even doing a code review but like he said, he is very busy with other projects.

U have 3 different algos (PoT, PoP and PoI) that contribute to the total "weight" of a node/account and determine who will forge next block? If this is the case then I suggest to split all blocks into 3 different types. Let blocks 0, 3, 6, 9, ... be forged with pure PoT, blocks 1, 4, 7, 10, ... - with pure PoI and blocks 2, 5, 8, 11, ... - with PoI. This will work as an alloy. Once the network starts diverging on the latest PoT block the next PoP will force it to converge again and the following PoI block should help a little too. So, if PoP and PoI work well enough then PoT issue should be mitigated, of coz, u have to have activity (purchases and merchant registrations) that lets PoP and PoI to take place.

Exactly.

+1

Or you know, it would have just picked up days before it ended.
Yes yes, we're all irritated. Especially Wolfcastle shows his true colours after flaming me for "only caring about price."


BTC raised could have been higher but you know what. That's not really the problem here. Developers focusing their energy elsewhere than code is.
And nearly all of the top volume coins has started behind 0 BTC. So this is not really the truth.

Crypti has EQUITY they can front if they would need to. Their 15% should be used towards "development fund" and not to line their own pocket.
If they want to have a project at all. They will have to offer up their equity to make new developers feel equal. And let people in to help with code.


I think there is a lot of clarifying here to do. Crypti has the chance of EVERYTHING and NOTHING right now.

Just stop the community neglecting already. Let us help you. And implement the temporary fix.. today..... not in a week. Please.

Wulf,

You put a lot of time and energy into that last post........ so much energy and time that you did not do anything else meanwhile?  Well, that is what is happening internally with the devs.  There is much going on, and they are too busy to blog here.

There is lots of communication going on internally.  Most of the devs are in Central Asia, where the time is 12 hours different from yours, so dont expect immediate answers at noon your time.  


Believe me when I say they are hard at work on it...... If you have been on this blog since the beginning, you will know that I was a very big critic of this project.  I do see lots of potential here, so I invested.  

The devs made a big mistake when they limited the IPO to 750BTC.  Other IPOs have generated 2000BTC and more.  That low limit has made the coin price higher (good for you), but limited the funds for future development.  If the devs had let the IPO run for the  full 30 days, or even a week longer, they would be sitting on a stash of thousands of BTC that would allow them to fill an office with programmers.  That did not happen, as they listened to and followed the opinion of the community.  

The current price of BTC is not helping as well.

Just wondering, when was the last time you checked the NEM thread?

Your view seems a bit out of touch, to say the least.