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

[jari76]

Ah~~~
Why the price is so low, does the coin dead?

this coin does not dead yet

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[jiuge]

lol Go to zero Wow

We need to check Dev Crypti account,I doubt whether dev is dumping.Or it is impossible I think.

[Litoshi]

lol Go to zero Wow

We need to check Dev Crypti account,I doubt whether dev is dumping.Or it is impossible I think.

The amount of XCR sold is actually very small.  There was not much on Bter for sale.  Only 1.3 BTC traded t drop the price so low.

That is common in small markets.  Good time to buy.

It was not the devs... I know where the XCR is, and it is not on Bter anymore.

A 1 BTC buy can bring the price to 660.  A 1.3 BTC buy (the amount dumped) brings the market to 758.

Again, small markets show huge swings due to low trade volume

[jari76]

lol Go to zero Wow

We need to check Dev Crypti account,I doubt whether dev is dumping.Or it is impossible I think.

The amount of XCR sold is actually very small.  There was not much on Bter for sale.  Only 1.3 BTC traded t drop the price so low.

That is common in small markets.  Good time to buy.

It was not the devs... I know where the XCR is, and it is not on Bter anymore.

A 1 BTC buy can bring the price to 660.  A 1.3 BTC buy (the amount dumped) brings the market to 758.

Again, small markets show huge swings due to low trade volume

yeah, the orderbook for crypti is extremely thin atm, 2 BTC dump atm would take crypti to 130 satoshi's. it's even worse when i realize that without my walls it would be even less :S. there's cheap crypti to be bought though

[jiuge]

lol Go to zero Wow

We need to check Dev Crypti account,I doubt whether dev is dumping.Or it is impossible I think.

The amount of XCR sold is actually very small.  There was not much on Bter for sale.  Only 1.3 BTC traded t drop the price so low.

That is common in small markets.  Good time to buy.

It was not the devs... I know where the XCR is, and it is not on Bter anymore.

A 1 BTC buy can bring the price to 660.  A 1.3 BTC buy (the amount dumped) brings the market to 758.

Again, small markets show huge swings due to low trade volume

yeah, the orderbook for crypti is extremely thin atm, 2 BTC dump atm would take crypti to 130 satoshi's. it's even worse when i realize that without my walls it would be even less :S. there's cheap crypti to be bought though

Use all my btc left in bter to buy cheap xcr.

[andyge]

oh my god,why the price very low???

[Litoshi]

oh my god,why the price very low???

because there are 100 million coins, 99,900,000 of those are being held and are not for sale.  Only 100,000 are up for sale.  Thats 1/10th of 1% of all the coins.

So, the market is small, and those that decide to sell are selling at any price because they see low prices.  If you look carefully, you will see that only about 1BTC value is traded each day. 

[starik69]

Why not devs to place a huge 50 or 100 BTC buying wall at half of ipo price and let all panic dumpers sell?
And when Crypti will became more alive and promoted devs can sell again on ipo price.

[Litoshi]

Why not devs to place a huge 50 or 100 BTC buying wall at half of ipo price and let all panic dumpers sell?
And when Crypti will became more alive and promoted devs can sell again on ipo price.

A wall was proposed long ago, but with Bter's troubles, it was discarded.

The BTC is not at Bter.  It was withdrawn after the NXT attack and placed in CoinBase and Xapo, because they are insured there.

To buy XCR on Cryptsy cant be done, because they have not updated the wallet. 

XCR will become more alive shortly when we start the script that transfers XCR automatically so forgers earn 1 XCR each forge.

[Vagnavs]

Why not devs to place a huge 50 or 100 BTC buying wall at half of ipo price and let all panic dumpers sell?
And when Crypti will became more alive and promoted devs can sell again on ipo price.

Good proposal

Although, that's not a terrible idea. I'll just be patient and wait for the team to deliver. If the team delivers, the price should appreciate modestly.. I don't know what all the panicking is about.. I guess people want a solution NOW. I'll just continue to hold, whether that makes be smart or dumb. We won't know for some time..
Regards,
Brian

[Wulfcastle]

Why not devs to place a huge 50 or 100 BTC buying wall at half of ipo price and let all panic dumpers sell?
And when Crypti will became more alive and promoted devs can sell again on ipo price.

Because quite simply that would be using up valuable IPO funds, which are needed to help Crypti achieve its goals. Putting up a huge buying wall would be counter-intuitive to the IPO. There's no point if the devs own 2x the amount of XCR, when there's no liquidity in the market that they can sell into (which they need to). Remember the devs have to convert their IPO holdings to USD to pay for work to be done on Crypti, such as design work etc.

[starik69]

Why not devs to place a huge 50 or 100 BTC buying wall at half of ipo price and let all panic dumpers sell?
And when Crypti will became more alive and promoted devs can sell again on ipo price.

Because quite simply that would be using up valuable IPO funds, which are needed to help Crypti achieve its goals. Putting up a huge buying wall would be counter-intuitive to the IPO. There's no point if the devs own 2x the amount of XCR, when there's no liquidity in the market that they can sell into (which they need to). Remember the devs have to convert their IPO holdings to USD to pay for work to be done on Crypti, such as design work etc.

Are you saying that practice of buying back shares of real companies in real world is "counter-intuitive to the IPO"? 
Are you saying 650BTC (=750-100) is not enough to "pay for work to be done on Crypti, such as design work etc"? 
Do you understand that buying 100BTC Crypti at half ipo price and selling them on ipo price will bring devs new 100BTC? 
Or may be you do not think that Crypti price will ever reach ipo level again?

[hobogo]

OP must be updated.
The logo update was never IMPORTANT

[shadowduck]

Seems another many days without any progress.

Did the team decide to release announcement at specific day regularly instead of report to community every day?

OR.....just have no progress actually, so nothing to report.

Currently seems only a board member named Litoshi is still active, and the core team member are...inactive anymore.

[GreXX]

Seems another many days without any progress.

Did the team decide to release announcement at specific day regularly instead of report to community every day?

OR.....just have no progress actually, so nothing to report.

Currently seems only a board member named Litoshi is still active, and the core team member are...inactive anymore.

I was on vacation with my family out of town which explains a little of bit of the quietness. We don't have any large updates to make right now.

Some of the most important things being worked on:

Matthew & Arman: New designs with Christine.
Max & Matthew: Working on building a community team for increased interaction and access to the dev team and stronger bounty program.
Max: Re-energizing CryptiTalk and the Reddit.
Seb: Finalized tx fee reward system / script and preparing to deploy
SyRenity & Boris: Working with outside contractors on PoT solutions
Eric & Seb: Test updates Boris has done to the current client and helping build a better bug reporting system. Also working on some documentation.
William: Talking with the community, managing financial books, discussing any possibility of buy walls, buy-backs, etc. or diversification of funds.
Mike: Working on CoinBox and Custom Block Chains whitepaper (more in depth explanations)

All of us are also discussing supernet, blocknet, side-chains, new board members (we still have 2 seats to fill), and a few other items.

Expect an update this week to begin the tx reward system test, a new bug bounty program, and the re-emphasis on CryptiTalk.

[Litoshi]

Why not devs to place a huge 50 or 100 BTC buying wall at half of ipo price and let all panic dumpers sell?
And when Crypti will became more alive and promoted devs can sell again on ipo price.

Because quite simply that would be using up valuable IPO funds, which are needed to help Crypti achieve its goals. Putting up a huge buying wall would be counter-intuitive to the IPO. There's no point if the devs own 2x the amount of XCR, when there's no liquidity in the market that they can sell into (which they need to). Remember the devs have to convert their IPO holdings to USD to pay for work to be done on Crypti, such as design work etc.

Are you saying that practice of buying back shares of real companies in real world is "counter-intuitive to the IPO"? 
Are you saying 650BTC (=750-100) is not enough to "pay for work to be done on Crypti, such as design work etc"? 
Do you understand that buying 100BTC Crypti at half ipo price and selling them on ipo price will bring devs new 100BTC? 
Or may be you do not think that Crypti price will ever reach ipo level again?

Are you saying that practice of buying back shares of real companies in real world is "counter-intuitive to the IPO"?  ??

Yes, any expense of IPO funds lessens the available funds for development. Lately,  real world companies are buying back their stock because the top management are issued options to buy stock at low prices as part of their pay package.  Using company funds to purchase stock raises the stock price.  The managers then either sell the options or buy/sell the stock.  In publicly traded companies, any purchase/sale of stock by top management is required to be reported immediately to the SEC, and thus the public.

Are you saying 650BTC (=750-100) is not enough to "pay for work to be done on Crypti, such as design work etc"? 

The budget right now goes out 1 full year for development.  Depending on the complexity of the problems, and the issues to be funded, the budget has been changing every week.  We have to be careful not to exhaust to overspend and exhaust the funds before accomplishing our goals.  We are not Apple.... our funds are much more limited.


Do you understand that buying 100BTC Crypti at half ipo price and selling them on ipo price will bring devs new 100BTC? 
Or may be you do not think that Crypti price will ever reach ipo level again?

DO you understand that that would be artificial market manipulation?  If we were buying XCR lower than IPO and selling later at higher prices, we would then be accused by the community of rigging the market. 

For instance:             1)  the node being off line for over a month caused a price crash........ was that deliberate or unfortunate?
                                  2)  delay in the MAC wallet release, and fixing PoT...........  deliberate or unfortunate?
                                  3) dump of 3 BTC of XCR on Bter causes price to drop to 400 range.   deliberate or unfortunate?

The trust of the community is important to Crypti.  We will not engage in such manipulation.

[starik69]

Are you saying that practice of buying back shares of real companies in real world is "counter-intuitive to the IPO"?  ??

Yes, any expense of IPO funds lessens the available funds for development. Lately,  real world companies are buying back their stock because the top management are issued options to buy stock at low prices as part of their pay package.  Using company funds to purchase stock raises the stock price.  The managers then either sell the options or buy/sell the stock.  In publicly traded companies, any purchase/sale of stock by top management is required to be reported immediately to the SEC, and thus the public.

Sorry, i dont see an answer in your words. What you said is not a mystery and there is no any "counter-intuitive to the IPO" in your argument.
Strange you are speaking about SEC with concern of Crypti, anyway proposed wall must be public  

Are you saying 650BTC (=750-100) is not enough to "pay for work to be done on Crypti, such as design work etc"?  

The budget right now goes out 1 full year for development.  Depending on the complexity of the problems, and the issues to be funded, the budget has been changing every week.  We have to be careful not to exhaust to overspend and exhaust the funds before accomplishing our goals.  We are not Apple.... our funds are much more limited.

Ok, Crypti has no budget on that
Or... Hey!  You said "the budget has been changing every week." Why not this week to change it for a wall?

Do you understand that buying 100BTC Crypti at half ipo price and selling them on ipo price will bring devs new 100BTC?  
Or may be you do not think that Crypti price will ever reach ipo level again?

DO you understand that that would be artificial market manipulation?  If we were buying XCR lower than IPO and selling later at higher prices, we would then be accused by the community of rigging the market.  

No, there could be no manipulation when all is done openly and transparently. As there is no manipulation when companies
buy back their shares.
Your first two examples are irrelevant because that already in the past, third could not happen because of the wall

[Wulfcastle]

Why not devs to place a huge 50 or 100 BTC buying wall at half of ipo price and let all panic dumpers sell?
And when Crypti will became more alive and promoted devs can sell again on ipo price.

yes buy wall in exchanger  

So you can dump and run away? All you've done is post useless FUD throughout this thread, so if you want to complain about price the first place where you should point fingers is towards yourself.

[Litoshi]

The block explorer has a bug that Boris will be working on tomorrow.

Meanwhile, the blockchain explorer is down, but you can still see the blockchain in the wallet/node in real time

[Vagnavs]

Are you saying that practice of buying back shares of real companies in real world is "counter-intuitive to the IPO"?  ??

Yes, any expense of IPO funds lessens the available funds for development. Lately,  real world companies are buying back their stock because the top management are issued options to buy stock at low prices as part of their pay package.  Using company funds to purchase stock raises the stock price.  The managers then either sell the options or buy/sell the stock.  In publicly traded companies, any purchase/sale of stock by top management is required to be reported immediately to the SEC, and thus the public.

Sorry, i dont see an answer in your words. What you said is not a mystery and there is no any "counter-intuitive to the IPO" in your argument.
Strange you are speaking about SEC with concern of Crypti, anyway proposed wall must be public  

Are you saying 650BTC (=750-100) is not enough to "pay for work to be done on Crypti, such as design work etc"?  

The budget right now goes out 1 full year for development.  Depending on the complexity of the problems, and the issues to be funded, the budget has been changing every week.  We have to be careful not to exhaust to overspend and exhaust the funds before accomplishing our goals.  We are not Apple.... our funds are much more limited.

Ok, Crypti has no budget on that

Are you saying that practice of buying back shares of real companies in real world is "counter-intuitive to the IPO"?  ??

Yes, any expense of IPO funds lessens the available funds for development. Lately,  real world companies are buying back their stock because the top management are issued options to buy stock at low prices as part of their pay package.  Using company funds to purchase stock raises the stock price.  The managers then either sell the options or buy/sell the stock.  In publicly traded companies, any purchase/sale of stock by top management is required to be reported immediately to the SEC, and thus the public.

Sorry, i dont see an answer in your words. What you said is not a mystery and there is no any "counter-intuitive to the IPO" in your argument.
Strange you are speaking about SEC with concern of Crypti, anyway proposed wall must be public 

Are you saying 650BTC (=750-100) is not enough to "pay for work to be done on Crypti, such as design work etc"? 

The budget right now goes out 1 full year for development.  Depending on the complexity of the problems, and the issues to be funded, the budget has been changing every week.  We have to be careful not to exhaust to overspend and exhaust the funds before accomplishing our goals.  We are not Apple.... our funds are much more limited.

Ok, Crypti has no budget on that
Or... Hey!  You said "the budget has been changing every week." Why not this week to change it for a wall?

Do you understand that buying 100BTC Crypti at half ipo price and selling them on ipo price will bring devs new 100BTC? 
Or may be you do not think that Crypti price will ever reach ipo level again?

DO you understand that that would be artificial market manipulation?  If we were buying XCR lower than IPO and selling later at higher prices, we would then be accused by the community of rigging the market. 

No, there could be no manipulation when all is done openly and transparently. As there is no manipulation when companies
buy back their shares.
Your first two examples are irrelevant because that already in the past, third could not happen because of the wall

Or... Hey!  You said "the budget has been changing every week." Why not this week to change it for a wall?

Do you understand that buying 100BTC Crypti at half ipo price and selling them on ipo price will bring devs new 100BTC?  
Or may be you do not think that Crypti price will ever reach ipo level again?

DO you understand that that would be artificial market manipulation?  If we were buying XCR lower than IPO and selling later at higher prices, we would then be accused by the community of rigging the market.  

No, there could be no manipulation when all is done openly and transparently. As there is no manipulation when companies
buy back their shares.
Your first two examples are irrelevant because that already in the past, third could not happen because of the wall

Don't you have anything better to do? I mean seriously... Bring up things and twist them.
Regards,
Brian

Edit: My message was directed towards: starik69