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

[rtrtcrypto]

Thx

Is there a set date for Lisk ICO and are the XCR conversion parameters set in stone?

Thx.

Info on their Lisk blog (just google it, I don't like to put links as some can be paranoid about clicking links).

I believe it starts Feb 22, and according to their blog, not all terms are necessarily set in stone. I expect the 1300 rate to be pretty set, however, as they mentioned it before they even put up the more detailed ICO info.

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[stormia]

Really fucked everybody who believed in crypti, nice work. Now how the hell do I get rid of all the soon-to-be worthless coins I was holding onto.

[bitseedmike]

@rtrtcrypto - be careful what you wish for, it may come true. There is a very good chance you will end up with much a higher stake with the conversion than you would with 25% airdrop. Lisk will have to raise around 2300 BTC to lower your stake from conversion to what it would be with a 25% airdrop. You're better off with the conversion unless the ICO really goes through the roof.

Actually he'd still be better off with the conversion even if the ICO goes through the roof, as that extra BTC invested would logically lead to better marketing, better devs, and a much higher price. Or worst case, a ton of buying pressure/interest after the ICO.

The potential problem with the ICO is if it doesn't bring in a lot of BTC. Then XCR people will have a higher stake (at least compared to if the ICO did super well), but not enough volume/interest to cash it out.

The upside of the sharedrop is it guarantees a fixed stake in the event the ICO is very successful. This also incentivizes XCR holders to promote the ICO since the more that is raised, the better for XCR holders since it raises the valuation of their holdings without diluting them. The downside is XCR holders end up with a lower stake than with conversion below a certain threshold of raised BTC.

The upside of conversion is XCR holders end up with a higher stake if the success ICO is more typical of ICOs in general or even weak. The downside of conversion is it can incentivize some short-sighted XCR holders to try to undermine the ICO effort so they end up with a higher stake.

[stormia]

So if the conversion will value XCR at 1300 satoshis why aren't people buying up all the sub 1300 satoshi XCR?

[poornamelessme]

Really fucked everybody who believed in crypti, nice work. Now how the hell do I get rid of all the soon-to-be worthless coins I was holding onto.

Either sell them on the exchange, and those who have low buy orders will chomp them up and convert them to Lisk for a profit. Or wait until the ICO and convert them over yourself.

At a 1300 conversion rate, it seems fair to me (or 1130 considering 1st week btc bonus).

[stormia]

Really fucked everybody who believed in crypti, nice work. Now how the hell do I get rid of all the soon-to-be worthless coins I was holding onto.

Either sell them on the exchange, and those who have low buy orders will chomp them up and convert them to Lisk for a profit. Or wait until the ICO and convert them over yourself.

At a 1300 conversion rate, it seems fair to me (or 1130 considering 1st week btc bonus).

Thanks for the reply. What is the 1st week btc bonus you speak of and why does it lower the XCR valuation?

And why aren't people buying up all the crypti below 1300 (or 1130 or whatever) if it is certain they can be exchanged at that rate during the ICO?

[poornamelessme]

So if the conversion will value XCR at 1300 satoshis why aren't people buying up all the sub 1300 satoshi XCR?

It won't really be 1300 until the last week of the ICO. True value right now is around 1130, due to BTC purchase bonus.

I expect folks won't buy up to 1130ish, or even close, until the ICO is better known and closer to the ICO date. That assumes there is outside btc interest in the ICO. In the meanwhile, expect fud/turmoil, as it can be profitable to get people to dump at cheap prices. Ex. Buy at 500-600ish and it's half off ICO prices (more or less).

[rtrtcrypto]

Because you need to spend money to buy XCR and because the ICO might be a total flop. So you would be spending money today to get something worthless (then be stuck with both worthless XCR and worthless LISK)

Really fucked everybody who believed in crypti, nice work. Now how the hell do I get rid of all the soon-to-be worthless coins I was holding onto.

Either sell them on the exchange, and those who have low buy orders will chomp them up and convert them to Lisk for a profit. Or wait until the ICO and convert them over yourself.

At a 1300 conversion rate, it seems fair to me (or 1130 considering 1st week btc bonus).

Thanks for the reply. What is the 1st week btc bonus you speak of and why does it lower the XCR valuation?

And why aren't people buying up all the crypti below 1300 (or 1130 or whatever) if it is certain they can be exchanged at that rate during the ICO?

[poornamelessme]

Because you need to spend money to buy XCR and because the ICO might be a total flop. So you would be spending money today to get something worthless (then be stuck with both worthless XCR and worthless LISK)

That is partially the reason why. The other big one is sort of simple... the ICO is still like 2 weeks away. Buyers will bide their time and hope to get the best prices. If there is a ton of BTC interest in the project, prices will rise during the next two weeks... guess it's one way to gauge interest in the project without even having to look at direct ICO purchase info.

[MalReynolds]

How come the owner names got stripped out of the top two Bter and Polo accounts at live.crypti.me?  

Another question - can we switch from 0.1% fee to 0.1 XCR fee until the Lisk ICO is over?

[GreXX]

How come the owner names got stripped out of the top two Bter and Polo accounts at live.crypti.me?  

Another question - can we switch from 0.1% fee to 0.1 XCR fee until the Lisk ICO is over?

I don't know if it can be adjusted without pushing an update and we are trying to avoid pushing any updates until after the ICO for Lisk is finished so that we don't brick anyone's money in an exchange. You've been around long enough to know the annoying process and weeks it can take sometimes to get exchanges to update their Crypti nodes due to our low volume, so we want to make sure everyone who wants to can get their funds out of the exchanges and over to the Lisk ICO. We can bring it up though and see if there is anything that can be done.

[luckygenough56]

where is moon 

[Primitive]

I'm interested in buying XCR in bulk off-exchange if anyone is interested in selling without driving the exchange price way down.   PM me.

[MalReynolds]

Lisk Investment Charts

I'm the initial Crypti investor that kick-started the whole project financially back at 2014....I hope [Lisk fork] ICO funds be enough and let do a really great job to bring the [JavaScript sidechain / dapp] platform to the world. We in Crypti pushed on development and did a great job having a great platform as a result. Unfortunately no money left for marketing and further development. And for me personally Lisk is the same project with the same idea we wanted bring to the world. For me nothing changed. Same platform which can become more powerful with the new [Lisk fork] ICO....

I suggest everyone to treat this as second funding round what is are very common in start-ups.

How many Lisk you will get for every Crypti you donate (Ownership dilution / concentration):
  
https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit#gid=763738405
  
What Satoshi price you will pay for one Lisk with the Bitcoin you donate (Logical Lisk starting price at exchanges):

https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit#gid=763738405

Note : 15% to 10% bonus for early BTC donation is ignored in these spreadsheets!

Crypti folks:

Note that if your ownership is diluted (less genesis Lisk than Crypti donated), the price of the Lisk you hold goes up to compensate.  The net value of your holdings is unchanged at the end of the ICO.

Note that if your ownership is concentrated (more genesis Lisk than Crypti donated), the price of the Lisk you hold goes down to compensate.  The net value of your holdings is unchanged at the end of the ICO.

Bitcoin folks:

Welcome to Lisk, the alternative to Etherium.  Why learn some weird new language like "Solidity" or "Serpent" to write smart contracts that will end up running on some giant Chinese server farm?  Program Lisk side chains and dapps in Javascript, run them on your own network of $35 Raspberry Pi 2 or $9 C.H.I.P. microcomputers dispersed worldwide, and... prepare for lift-off!

(P.S. First JavaScript programmer to write a Lisk sports betting dapp becomes a billionaire).

[bitseedmike]

Thanks for posting these. This is very good information.

[SISAR]

So, a few idiots burned all the money they got from XCR ICO and are now moving to yet another ICO to get more money to burn. Then they will move to yet another ICO and so on, very pathetic.

[dzarmush]

So, a few idiots burned all the money they got from XCR ICO and are now moving to yet another ICO to get more money to burn. Then they will move to yet another ICO and so on, very pathetic.

So, a genius developer and a few dedicated persons developed an amazing technology, which is better than any other at the moment, and at some point two people from the team envisioned their own way of bringing this amazing tech to the world, so they're launching their own project separate from the original one.

[GreXX]

So, a few idiots burned all the money they got from XCR ICO and are now moving to yet another ICO to get more money to burn. Then they will move to yet another ICO and so on, very pathetic.

Actually, we completed all core features promised, over a 2 year period, on an initial fundraiser that lost 70% of it's value in the BTC crash. We initially raised the BTC equivalent of about $487,000, but BTC crashed about a month or two after and lowered our operating budget to about $150,000. By not being greedy (looking at you Eth devs) and accepting salaries of $250 a month or less for many on the team (despite having engineers and team members who were worth much more), we were able to continue development with a team numbering up to I think 12 or 15 at one time for the entire initial outlined time period and complete feature development on everything outlined in our initial goals and then some. We can also now say that we have built, open sourced, and launched to the community one of the most advanced core decentralized technologies in the market place and done it on a fraction of the budget of the other major players.

The core team members are not moving on to the new ICO or company and feel we have accomplished the goals we set for Crypti, the technology. At this point it's up to the people to use it. It just so happens that 2 of our initial community members who we brought on to help with the development cycle have some really strong ideas on where to go with the technology and want to pursue it on their own terms, which is totally legal and why open source software exists. Just as they have done, so can anyone else in the world who has an idea. We built the core technology that can make so many industries and ideas a reality, all you have to do is try.

For those upset about the core network, or forks taking away its potential, I have this to say. Crypti can't be shut down or turned off if you don't let it. If you believe in the network, your investment, and the potential that it has, then fight for it. Tell your friends, tell developers, tell people what it can do. Bitcoin became bitcoin because the core enthusiasts made it happen. Because a few nerdy guys geeked out on what it was and what it was capable of doing and kept spreading the word until they found the right people who pushed it to the next level.

Bitcoin still runs because the people run it. No project like Crypti can ever exist without the support of the people, especially those who truly believe in it. It could never run forever off the backs of 5 people, that's just fact.

But that's just my 2 cents....

Sorry if I seem a bit offended or emotional, but I think anyone who's been with me here since the beginning can understand. It's been a long road to this point.

[patmast3r]

I'm sorry to interrup the discussion but is there any technical documentation where i can read up on the second password feature and how exactly it works ?

[wosch76]

where is moon 

right here
https://www.wolframalpha.com/input/?i=where+is+moon