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

[SyRenity]

After got the meaning of bter's announcement, my suggestion, stay away from this coin!

And what meaning exactly you got that caused you to reach this conclusion, if I may ask so?

[1715463044]

1715463044

[1715463044]

1715463044

[1715463044]

1715463044

[SyRenity]

There will be 5,000 BTC volume on bter, there will be no profit for investor, on doubt.

As explained earlier, CRSALE are just sale tokens and won't be trade-able, hence there is no "volume" per se.
The number was set completely arbitrary to make sure we won't need to expand the sale order in the middle of the run.

[SyRenity]

The bonus works for bter too?

As i know yes, but i need SyRenity to accept my answer too.

Can you please confirm BTER early investment bonus ASAP.

Yes, it is.

[SyRenity]

What is the reasoning for only releasing wallet or code after the presale?
What is the reasoning for giving bonus for early buying?
I dont understand.

Why cant we see what we investing in and why try to force people to invest early without this knowledge?

Wallet is already available, you can check the test version, which is constantly being improved.

Code will be released in quarterly milestones, in order to give competitive advantage against clones (this actually how NXT did as well).

Bonus is given to encourage people not to wait for the last minute and try to catch a bigger piece of total stake (as we see it happening many times).

[Dadams]

What is the reasoning for only releasing wallet or code after the presale?
What is the reasoning for giving bonus for early buying?
I dont understand.

Why cant we see what we investing in and why try to force people to invest early without this knowledge?

Wallet is already available, you can check the test version, which is constantly being improved.

Code will be released in quarterly milestones, in order to give competitive advantage against clones (this actually how NXT did as well).

Bonus is given to encourage people not to wait for the last minute and try to catch a bigger piece of total stake (as we see it happening many times).

Thanks for answering my questions.

It seems that dev team will be successful in raising a relatively significant amount of BTC with this distribution model.

Will this all go into an visible account where the investors can see the movement?
Who will actually have control over this?
What is to stop anyone from taking it and dropping the project?
What is there to incentivize the dev team to carry on developing if they get paid upfront?

Even with Maxmint and bter as escrow:
here is a possible scenario...
Crypti launched, people get their stake, devfund gets their BTC, whitepaper and roadmap released, hype and exchanges, suddenly devfund of cryptsy now sold for BTC. Suddenly whole devfund of BTC missing. Suddenly dev missing. Sorry, didn't work out. Look what happened with Silkcoin before it got resurrected. Actually thinking about it... there's some similarities. Wulfcastle involved with this coin at all?

Do you have a solution for the devfund safety that I have missed?

[SyRenity]

Thanks for answering my questions.

It seems that dev team will be successful in raising a relatively significant amount of BTC with this distribution model.

Will this all go into an visible account where the investors can see the movement?
Who will actually have control over this?
What is to stop anyone from taking it and dropping the project?
What is there to incentivize the dev team to carry on developing if they get paid upfront?

Do you have a solution for the devfund safety that I have missed?

It's a very good concern, as we all got burned by such "IPO"'s, our first priority was to ensure Crypti will be a long-term operation.

We have studied other successful cryptos models (NXT, BC, XCP, etc...), and the solution is having a strong Foundation, having members both from the launch team and from the community, that controls the decision making, the raised funds and the developers vested Crypti, and is committed to the cause of evolving Crypti to become the leading eCommerce crypto, implementing the right product, technology and marketing decisions.

Once Crypti pre-sale will be over, all raised BTC and vested Crypti's will be moved to publicly available accounts that everyone can monitor.
The Foundation will begin with the election process (based on part on the public voting) to fulfill the roles. The Foundation will have the right to replace the non-performing members or/and developers, thus always keeping the buyers best interests on top of the priorities.

GreXX actually is working hard on the Foundation charter document, and we hope to present it to the community reviews in the coming days.

[prix]

Code will be released in quarterly milestones, in order to give competitive advantage against clones (this actually how NXT did as well).

You not right about NXT. NXT code has not been obfuscated, in at least in December-February.
I decompiled NXT, changed the code and launched its as own version of NXT for various experiments.
NXT was in fact open-source.

I have question about Crypti client.
1. Can you describe how difficult it is to run it?
Can I run it in one click as bitcoin QT? Do I need to install any dependencies?
Can I launch it using binary launcher?
2. What size of setup file?

I remember that some users did not like the way the NXT launch (by jar file), they had some problems with it (for example with version of jre).

[SyRenity]

You not right about NXT. NXT code has not been obfuscated, in at least in December-February.
I decompiled NXT, changed the code and launched its as own version of NXT for various experiments.
NXT was in fact open-source.

I have question about Crypti client.
1. Can you describe how difficult it is to run it?
Can I run it in one click as bitcoin QT? Do I need to install any dependencies?
Can I launch it using binary launcher?
2. What size of setup file?

I remember that that some users did not like the way the NXT launch (by jar file), they had some problems with it (for example with version of jre).

I'm aware of it, and you could actually try to do the same with Crypti code, once the Crypti node is released to download after the pre-sale ends.
That said, a de-obfuscated version should be hard enough to work with, still giving competitive advantage entry against clones.

We working to make it a one-click install / launch operation, so you just could download an installer (probably NSIS based) and be good to go.
Further details will be provided onwards.

[crypti]

Today will be update:
 - Ledger.
 - OpenSSL for wallet.
 - Fixes in UI.

Wait for news. We collect 55 BTC now, it's very good.

[Acidyo]

Today will be update:
 - Ledger.
 - OpenSSL for wallet.
 - Fixes in UI.

Wait for news. We collect 55 BTC now, it's very good.

This sounds really promising.

[crypti]

Code will be released in quarterly milestones, in order to give competitive advantage against clones (this actually how NXT did as well).

You not right about NXT. NXT code has not been obfuscated, in at least in December-February.
I decompiled NXT, changed the code and launched its as own version of NXT for various experiments.
NXT was in fact open-source.

I have question about Crypti client.
1. Can you describe how difficult it is to run it?
Can I run it in one click as bitcoin QT? Do I need to install any dependencies?
Can I launch it using binary launcher?
2. What size of setup file?

I remember that some users did not like the way the NXT launch (by jar file), they had some problems with it (for example with version of jre).

1. For Crypti you need Node.js, for NXT you need Java.
2. Yes, you will run it via one click and then open your browser with http://localhost:6040 for example.
3. In future we will provide binary launcher, now it's zip archive with bat/sh file to run.
4. Sources around 500 kb + modules around 2-5 mb.

[SyRenity]

Will you provide a direct option to purchase CRYPTI without using the escrow services that require 1% fee ?

Please provide a DEFINITIVE answer to this^^^ before the official pre-sale starts...  it won't be fair if such option is introduced later.

Having two different escrow channels, I don't expect we will introduce a direct one as it will both complicate post-presale calculations and cause some wariness in the community.

[prix]

I'm aware of it, and you could actually try to do the same with Crypti code, once the Crypti node is released to download after the pre-sale ends.

NXT is not obfuscated, Crypti and Qora is obfuscated on start. It's not same. NXT is open source in fact, others two - not.
This is for clarity only. I am not against obfuscation.

Source will be published in 3 month after release. Before it will be just js obfuscated code.

[crypti]

I'm aware of it, and you could actually try to do the same with Crypti code, once the Crypti node is released to download after the pre-sale ends.

NXT is not obfuscated, Crypti and Qora is obfuscated on start. It's not same. NXT is open source in fact, others two - not.
This is for clarity only. I am not against obfuscation.

Source will be published in 3 month after release. Before it will be just js obfuscated code.

Nxt was builded. JS can't be builded.

[S3MKi]

bought some crsale on bter.

[prix]

Nxt was builded. JS can't be builded.

What do you mean? The only difference is the moment of compile. Java is compiled once, JS - during execution (both using JIT).
But it bears no relation to obfuscation.

[bitcoinpaul]

Why did you start already?

https://bter.com/trade/crsale_btc

[SyRenity]

Having two different escrow channels, I don't expect we will introduce a direct one as it will both complicate post-presale calculations and cause some wariness in the community.

Sounds reasonable...  but you still need to come out with a definitive NO then (as opposed to don't expect we will introduce) and make sure you stick to it!  

Let's do like this, if we do introduce the direct channel (pending demand of at least 20 buyers to make it worthwhile), we will compensate your 1% when issuing Crypti.

Deal?

[SyRenity]

Why did you start already?

https://bter.com/trade/crsale_btc

As explained earlier, it appears that Bter missed our notification to push the sale 24 hours and went with it on last night 00:00 UTC, rather then today 00:00 UTC.

We still will stick to the original plan and count the 30% bonus starting today 00:00 UTC.

[SyRenity]

bought some crsale on bter.

Appreciate your patronage!