[XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS

[MalReynolds]

Neither Android or Apple allow gambling apps.  The casino apps you see there are token based, and are not using real money.

I don't see a problem here - do you?   Crypti IS a token. What can you buy with it?  Nothing.  Where can you spend it?  Nowhere.  Do current game apps allow you to pay real money for in-game tokens/assets?  Yes.  

If we do create a sports betting dapp on side blockchains, it will be a game token smartphone app that is eligible for distribution on both Google Play and Apple App Store.  The fact that Crypti can (with great difficulty) be exchanged / cashed out for something that is less like a token and more like money does not disqualify a dapp based on it from distribution via Google or Apple.

Don't confuse Android and Google Play Store.  Even if Google Play Store were to disallow a Crypti dapp for download there, many other ways exist to get that app/dapp onto Android smartphones.

http://www.digitaltrends.com/mobile/android-app-stores/2/

Gambling sites have to be accessed through a browser.  

True in the past, but not in the future.  Think big.  This is an idea worth pursuing and if it were a simple rollout it would have been done already.  What I am proposing is a smartphone-based version of the Betfair gambling website whose customer wagers are recorded and serviced on a Crypti side blockchain instead of a UK website server farm.  This can be done.  It would have huge advantages in expanding sports gaming beyond government reach.  It would put Crypti on the map and make us a premier cryptocurrency virtually overnight.

And replacing / competing with Betfair is BIG BUSINESS.  I ran across an article today about just how big Betfair is:

http://www.cityam.com/218152/betfair-enjoys-surge-profits-customer-base-grows-half

Betfair has 1.7 million customers.  Crypti can evolve to take a BIG piece of this pie.  Let's do it.

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[Litoshi]

Mal,

We have looked into having a gambling Dapp.  I did considerable research on this two months ago when one of the XCR team desired to make a Video Poker Dapp.  I am still working on it now.  

First, we discovered that Apple and Google do not allow any apps that have real gambling.  Gambling games must use dedicated in-game tokens, not real money or crypto.  

Second, both Apple and Google do not allow any apps that allow the use of crypto currencys for in-game functions.  They have allowed an app for a BTC wallet, and an app that tracks BTC and other crypto currency prices.  They have refused to allow apps that use any crypto for ingame functions.  They also have refused apps that allow Coinbase type purchases of crypto.  

Third issue is the need for protection against government interference and funds confiscation.  Presently, Crypti is based in Russia and/or Israel.  Both countries are hostile to crypto and gambling activities.  Mann is friendly to crypto businesses.  I have had several conversations with the government there recently.  The license to operate in Mann is $50,000 Euros per year, plus you need to hire a "local agent" to be your on-island presence.  Mann is not gambling friendly.  The Mann banks do not accept deposits from gambling businesses.  

Fourth issue, is the ability to exchange crypto for fiat and then deposit this fiat in a bank.  Banks are refusing to accept deposits from crypto exchanges, as well as other types of businesses (gun stores, legal marijuana dispensaries, legal brothels).  

Fifth issue is the US currency laws. The US is demanding auditing rights of every account in any bank in the world that has a single account owned by a "US Person"; as well as legal jurisdiction of any transaction in USD anywhere in the world over $10,000 USD.    Companies doing business in the US, that are not US based, are subject to a 30% tax on exported funds to ensure that they pay US income taxes on profits. They then must file an income tax 1040 form to get any refund due.  Since most of the Crypti team is not in the US, they dont want to be subject to US banking laws and potential taxes.  

So, you see Mal, we have several hurdles to jump over here.  

We have a lot of potential, but we did not have a 2 million dollar IPO or Crowdfund.  We can tackle these issues, but on our limited budget, it is a pay as you go situation.

[MalReynolds]

First, we discovered that Apple and Google do not allow any apps that have real gambling.  Gambling games must use dedicated in-game tokens, not real money or crypto.  

Second, both Apple and Google do not allow any apps that allow the use of crypto currencys for in-game functions.  They have allowed an app for a BTC wallet, and an app that tracks BTC and other crypto currency prices.  They have refused to allow apps that use any crypto for ingame functions.  They also have refused apps that allow Coinbase type purchases of crypto.  

So let's bypass Apple and Google and forget smartphone apps.  Go with a handheld wifi terminal that runs Linux that is cheap and readily available worldwide that people would gladly purchase to be a dedicated gambling terminal.  Like the upcoming PocketCHIP:

https://www.kickstarter.com/projects/1598272670/chip-the-worlds-first-9-computer/description

I started ranting about putting Crypti on this thing back on page 539 of this thread.  The Kickstarter campaign is now over ($2M raised!) and they are slated to release 15,000+ of these in 10 months next May.  Who knows how many they will sell after that - lots, if it is running a Crypti sports gaming dapp with Betfair API and Coinomat exchange functionality that we develop in the next 10 months.  We could become a major driver of their sales!

I went ahead and signed up as a Kernel Hacker on this Kickstarter, so I will be getting one of the PocketCHIP prototypes in September.  I will donate it to the cause if we start developing a Crypti sports gambling dapp.

Third issue is the need for protection against government interference and funds confiscation.  Presently, Crypti is based in Russia and/or Israel.  Both countries are hostile to crypto and gambling activities.  Mann is friendly to crypto businesses.  I have had several conversations with the government there recently.  The license to operate in Mann is $50,000 Euros per year, plus you need to hire a "local agent" to be your on-island presence.  Mann is not gambling friendly.  The Mann banks do not accept deposits from gambling businesses.  

Why in the world would we set up a physical, legal or business presence anywhere?   Why would we want or need to do so for this proposed project?  The whole point is decentralization.  The Crypti dev team uploads to Github or other code storage site a Crypti sports gaming dapp to run on PocketCHIP, which is downloaded by users onto their personal PocketCHIP.   What is there to confiscate?  All I'm interested in is seeing the value of Crypti rise as more people get involved in turning their PocketCHIP into a private gambling terminal and buy Crypti as "gaming tokens" as necessary to use the system.  Nobody can confiscate anybody's holdings off of the blockchain, right?

Fourth issue, is the ability to exchange crypto for fiat and then deposit this fiat in a bank.  Banks are refusing to accept deposits from crypto exchanges, as well as other types of businesses (gun stores, legal marijuana dispensaries, legal brothels).  

This problem is going to exist for any dapp.  The key is that a sports betting dapp cannot be done directly with BTC as tokens because they lack custom chains and smart contracts and can be done by XCR once we develop these features.  This means such a dapp will create a market for BTC/XCR exchange and that will drive XCR price up.  As long as BTC is a "currency", we're good to go.  Bter and Cryptsy both process XCR directly now (by exchanging it to BTC first if nothing else) and will release dollars to your bank account.     Coinomat says they will put the value of a crypto sale to them on a prepaid credit card to spend in the real world and very soon we are going to be a partner in Coinomat (for what that's worth).   If Coinomat turns out to be a bust, we keep looking.  Everybody needs a crypto-to-fiat solution for every significant crypto application.   The fact this remains a "shaky leg of the stool" currently is no reason to give up on a Crypti sports betting app.

Fifth issue is the US currency laws. The US is demanding auditing rights of every account in any bank in the world that has a single account owned by a "US Person"; as well as legal jurisdiction of any transaction in USD anywhere in the world over $10,000 USD.    Companies doing business in the US, that are not US based, are subject to a 30% tax on exported funds to ensure that they pay US income taxes on profits. They then must file an income tax 1040 form to get any refund due.  Since most of the Crypti team is not in the US, they dont want to be subject to US banking laws and potential taxes.  

What is the scenario involving the US Government you see that would hamper a Crypti sports betting app as I have outlined it above?  A DoJ official gets a warrant...and serves it on who, to get control of what, exactly?  Where is the access point where the US Government can do anything about a Crypti sports betting app?  Shut down 101 servers scattered worldwide to freeze our blockchain?  Go house to house confiscating personal PocketCHIPs?  Confiscate a bank account that accepted BTC purchased earlier with XCR on some other exchange?

So, you see Mal, we have several hurdles to jump over here...but on our limited budget, it is a pay as you go situation.
 

I don't see hurdles to a Crypti sports betting app; if we go with PocketCHIP instead of smartphones, all I see is opportunity.  And if we target our development to have a simultaneous release with PocketCHIP, we've got 10 months to prepare.

I still say we should go for it.
 

[Litoshi]

Mal,

We are at risk of having a page long reply if we continue this discussion here.  This is more suited for Slack than BTT.

But let me just answer your query on the need for a physical address.  Strange thing about banks, they dont let you use a web address for an account.  If you dont have a brick and mortar address, no account. 

Apple and Google only pay to bank accounts in select countries. 

If Crypti begins to make income from dapps, it will only come as fiat from Google/Apple.  They wont pay us in BTC.   We have a choice of USD or EUROS. 

Crypto currency is great, but you cant buy groceries, gasoline, clothing, or pay rent with it yet.  And in Russia, you can have it taken away by the gov't. 

Perhaps you should PM us with a Slack address, and we can have the team discuss your ideas?

[Passion_ltc]

To update you guys, I will write down the status report in 1-2 hours.

[Passion_ltc]

Status Report - 18th June 2015

Our weekly blog post is out! This week we covered very interesting aspects of our recent developments.

The covered aspects are:

• Crypti v0.3.0
• Whitepaper
• crypti.tips
• Crypti correspondents

Quick summarize:

• Crypti v0.3.0 (full client) gets released this week!
• Lite client will follow 2 weeks later.
• Whitepaper gets released next week.

Read the full blog post..

[Passion_ltc]

I just pushed an update to http://crypti.tips/.

You can now redeem coupons to get 120 XCR. With these you will be able to try out some Crypti functions like making a username, adding a few contacts, send money around and vote for a few delegates.


You can generate a coupon here: http://crypti.tips/create_coupons.php and then use it, to fund your testnet account with it. Try it out!

[MalReynolds]

Mal... let me just answer your query on the need for a physical address.  Strange thing about banks, they dont let you use a web address for an account.  If you dont have a brick and mortar address, no account. 

Apple and Google only pay to bank accounts in select countries. 

If Crypti begins to make income from dapps, it will only come as fiat from Google/Apple.  They wont pay us in BTC.   We have a choice of USD or EUROS. 

Crypto currency is great, but you cant buy groceries, gasoline, clothing, or pay rent with it yet.  And in Russia, you can have it taken away by the gov't. 

The between-the-lines message I am getting here is that the Crypti Foundation / key devs plan to set up not only a physical office but also release its own dapps that will generate a profit to be processed through that office.  Which is a great, cool thing.  Good luck with that.

I can see where a decentralized sports betting dapp like I have outlined would not fit in with such a centralized, profit-making enterprise having conventional banking and governmental ties.  Such a dapp would have to be done much more anonymously, by a team interested more in Crypti value appreciation than ongoing profit generation.

Um, what is the timeline again for the Crypti source code version with custom blockchains / smart contracts to be released to the public domain for inspection?

[Passion_ltc]

Mal... let me just answer your query on the need for a physical address.  Strange thing about banks, they dont let you use a web address for an account.  If you dont have a brick and mortar address, no account. 

Apple and Google only pay to bank accounts in select countries. 

If Crypti begins to make income from dapps, it will only come as fiat from Google/Apple.  They wont pay us in BTC.   We have a choice of USD or EUROS. 

Crypto currency is great, but you cant buy groceries, gasoline, clothing, or pay rent with it yet.  And in Russia, you can have it taken away by the gov't. 

The between-the-lines message I am getting here is that the Crypti Foundation / key devs plan to set up not only a physical office but also release its own dapps that will generate a profit to be processed through that office.  Which is a great, cool thing.  Good luck with that.

I can see where a decentralized sports betting dapp like I have outlined would not fit in with such a centralized, profit-making enterprise having conventional banking and governmental ties.  Such a dapp would have to be done much more anonymously, by a team interested more in Crypti value appreciation than ongoing profit generation.

Um, what is the timeline again for the Crypti source code version with custom blockchains / smart contracts to be released to the public domain for inspection?

You can be 100% sure that some guy will code a sports betting dapp, as this is free money for him.

We don't have a timeline for the source code for sidechains and dapp functionality yet. We will first release the v0.1.9 branch source code to the public some time in the future. 

[Passion_ltc]

Crypti ticker updated

Hey guys, today is a busy day.

I just updated the price ticker of my private project X, it now offers the latest price and volume of Poloniex and Bter. Along with an average price ticker of both, weighted by the volume the exchanges have. I think it's a great page to get a quick overview of the current price. Especially if you are on a mobile device.

Have fun.

http://price.xcrypti.com

[Passion_ltc]

Good news guys, we are currently updating to Crypti v0.3.0! We prepare our delegates and will come back to you when everything is ready.

[Passion_ltc]

Crypti v0.3.0 - Aphrodite

The Crypti Foundation hereby proudly announces the release of v0.3.0, codename: **Aphrodite**. It's the second major release, with the first one being v0.2.0 alias Chronos.

With Aphrodite comes a complete new user interface and many awesome new features. This delivers an unseen user experience and we hope that you like this release as much as we!

Download links can be found on our blog!


Continue reading on our blog..

[50cent_rapper]

Cool 

Thanks for your hard work. The dapp epoch is near.

[MalReynolds]

Crypti v0.3.0 - Aphrodite

...This delivers an unseen user experience and we hope that you like this release as much as we!

Max, you English is excellent and actually almost perfect.  But I think in this case you are not using the specific English word you think you are.  An "unseen" user experience means the screen is blank and shows nothing.  I think you are perhaps looking for "unique" or maybe "unparalleled".

And altho your final phrase is technically correct, 999 out of 1000 English speakers would add "do" on the end - "as much as we do!" instead of the technically correct but odd sounding "as much as we!".  

Me, I know even less German than my three words of Russian.  In Russian I know the word for "thank you".  

[MalReynolds]

Let me ask a theoretical question.  Crypti is getting a smart contract (SC) capability in the future, right?  And those SCs need information scraped from somewhere to make a decision on what to do.  So...will the Crypti version run by the Forging Delegates start to incorporate SC modules that scrape various websites and databases for information, and release certain chinks of information upon request to dapps that ask for it?  Or will the dapps be required to get SC decision information themselves?   Or both?  What is the Crypti vision for SC decision data?

[Litoshi]

Let me ask a theoretical question.  Crypti is getting a smart contract (SC) capability in the future, right?  And those SCs need information scraped from somewhere to make a decision on what to do.  So...will the Crypti version run by the Forging Delegates start to incorporate SC modules that scrape various websites and databases for information, and release certain chinks of information upon request to dapps that ask for it?  Or will the dapps be required to get SC decision information themselves?   Or both?  What is the Crypti vision for SC decision data?

Mal,, things are real quiet around here on Saturdays.  Its the Sabbath in Israel and the weekend for everyone else.

Short answer:  Your question s answered in the White Paper, that will be released this week.  It takes two pages to explain how Dapps work.

Long answer:  The Dapp developer/owner may need to have a Dapp Master node to manage his Dapp.  Dapps will run on the Crypti VM.  The VM will use a API to communicate with the main block chain.  If a Dapp needs outside information, such as the NASDAQ average, it will need to use an API or some other automatic or manual method of getting the needed information.  Dapps may need to pay active delegates for forging as well. 

[Passion_ltc]

Crypti v0.3.0 - Aphrodite

...This delivers an unseen user experience and we hope that you like this release as much as we!

Max, you English is excellent and actually almost perfect.  But I think in this case you are not using the specific English word you think you are.  An "unseen" user experience means the screen is blank and shows nothing.  I think you are perhaps looking for "unique" or maybe "unparalleled".

And altho your final phrase is technically correct, 999 out of 1000 English speakers would add "do" on the end - "as much as we do!" instead of the technically correct but odd sounding "as much as we!".  

Me, I know even less German than my three words of Russian.  In Russian I know the word for "thank you".  

Thank you. I changed the things you mentioned, I meant unparalleled. Also added a screenshot.

I also edited the OP, added new download links and updated the roadmap. We will release the new lite client in the next 2 weeks.

[Passion_ltc]

Let me ask a theoretical question.  Crypti is getting a smart contract (SC) capability in the future, right?  And those SCs need information scraped from somewhere to make a decision on what to do.  So...will the Crypti version run by the Forging Delegates start to incorporate SC modules that scrape various websites and databases for information, and release certain chinks of information upon request to dapps that ask for it?  Or will the dapps be required to get SC decision information themselves?   Or both?  What is the Crypti vision for SC decision data?

Information for sports betting, NASDAQ, current price etc. will not be provided by the Crypti client itself. Someone will maybe build a service for this, else the devs will have to use existing APIs like you mentioned the one for the sport bets.

[starik69]

Is new version again a hard fork and incompatible with current network?

[Litoshi]

Is new version again a hard fork and incompatible with current network?

NO