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

[Litoshi]

Not if you register a delegate early.  The 10K delegate fee is part of the transaction fee reward system, and is divided among the top 101 forging delegates.  So each delegate earns 90XCR for each new delegate that is registered.  If you are a top 101 delegate, and 111 other delegates are registered, you have earned your registration fee back already, not even counting other trans fees earned.

OK. It makes sense. Can you point to me the place where I can find how to register to become a delegate?

GreXX posted this on the previous page, but here is the link again.


http://blog.crypti.me/introduction-to-dpos/

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[Litoshi]

An Introduction to DPOS

A new blog post is up at the official Crypti blog. This post is an introduction to our new DPOS system that will be launching very soon (days). If you have any questions or comments about how it will work or any of the info in the post, please comment on the post for now. We will be launching our new CryptiTalk Forum hopefully today and then we will have a thread dedicated to the DPOS discussions and answering any questions.

With that being said, let us know what you think!

An Introduction to Crypti DPOS - http://blog.crypti.me/introduction-to-dpos/

[GreXX]

Not if you register a delegate early.  The 10K delegate fee is part of the transaction fee reward system, and is divided among the top 101 forging delegates.  So each delegate earns 90XCR for each new delegate that is registered.  If you are a top 101 delegate, and 111 other delegates are registered, you have earned your registration fee back already, not even counting other trans fees earned.

OK. It makes sense. Can you point to me the place where I can find how to register to become a delegate?

You can check it out at http://testnet.crypti.me If you need some XCR, just let me know your address. (Attention! It's not the real crypti network, just a testnet!)

Like Max said, you can test it on testnet now but it will be an option to register in the wallet. We will probably put together a quick tutorial prior to the official release.

[Malibusparky]

I understand the need to reward delegates especially this early in Crypti's life.
But .5% is still .5% whether Crypti is worth a dollar or fractions of a penny like now.
The ultimate goal of Crypti as well any other crypto is valuing the currency not in terms of fiat but as a stand alone currency itself.
Even if it takes 25 years do we not want the world to pay with Crypti because 10 Cryptis has a value of 10 Cryptis and not be thought of in terms of fiat value?
Imagine in fiat paying a .5% network fee every time you buy milk.
If Crypti will really be a payment method for merchants, paying anywhere near .5% even .1% is a lot every time I buy a tv, a mattress, pay my cell phone bill or renew my Netflix.

[Bigcabrito]

Hello Crypti Team

Let me start off by saying great job on keeping your spirits up. It has been a rocky road since the beginning but you guys barely flinched. Innovation doesn't come just from giving people incentives; it comes from creating environments where their ideas can connect. Crypti has this. There's always a way to to do it better, and Crypti thrives to find this. Throughout this path, mistakes have happened, but were admitted to very quickly, and often improved on those mistakes. It is because of this I stand with this team and the coin. Cheers!

[GreXX]

Hello Crypti Team

Let me start off by saying great job on keeping your spirits up. It has been a rocky road since the beginning but you guys barely flinched. Innovation doesn't come just from giving people incentives; it comes from creating environments where their ideas can connect. Crypti has this. There's always a way to to do it better, and Crypti thrives to find this. Throughout this path, mistakes have happened, but were admitted to very quickly, and often improved on those mistakes. It is because of this I stand with this team and the coin. Cheers!

Thanks a lot Bigcabrito! We really appreciate the support! It's people like you that keep us motivated to push forward!

[Tobo]

An Introduction to DPOS
An Introduction to Crypti DPOS - http://blog.crypti.me/introduction-to-dpos/

If I am one of the selected 101 delegates and lose my internet connection in one round, will I still be able to share the fees?

[GreXX]

I understand the need to reward delegates especially this early in Crypti's life.
But .5% is still .5% whether Crypti is worth a dollar or fractions of a penny like now.
The ultimate goal of Crypti as well any other crypto is valuing the currency not in terms of fiat but as a stand alone currency itself.
Even if it takes 25 years do we not want the world to pay with Crypti because 10 Cryptis has a value of 10 Cryptis and not be thought of in terms of fiat value?
Imagine in fiat paying a .5% network fee every time you buy milk.
If Crypti will really be a payment method for merchants, paying anywhere near .5% even .1% is a lot every time I buy a tv, a mattress, pay my cell phone bill or renew my Netflix.

In a world where the primary form of payment is a crypto currency, the price of goods would not be over-inflated to compensate for exorbitant credit card processing fees (which is now the case). For instance look at companies that take Bitcoin as a form of payment, many offer 10% discounts because they save so much on the backend not paying out money for the processing of the payment to the network and company that is facilitating the payment. This fee can be anywhere from 1.5-5% depending on the company and form of payment. If Crypti were the #1 form of payment and all places took Crypti, the merchant would be paying nothing to any facilitator for the processing of the payment and the user would simply pay a front facing 0.5% fee to pay with Crypti. Taking into account the reduction in overall cost of goods due to the declining 1.5-5% processing fee, you would actually come out paying less for the same goods in the hypothetical future Crypti dominated marketplace.

Not saying I don't understand your point, but the fee isn't as outrageous as it might seem.

[GreXX]

An Introduction to DPOS
An Introduction to Crypti DPOS - http://blog.crypti.me/introduction-to-dpos/

If I am one of the selected 101 delegates and lose my internet connection in one round, will I still be able to share the fees?

During that round, if you were to miss your block and fail to secure that block in that round, another delegate would take your place and secure that block. They would receive that fee and you would lose your fee for that round as you did not provide the service required. You would not be removed from the Top 101 delegates or lose any votes, but you would not receive the fee for that block and the missed block would be registered in the network statistics and displayed on your delegate page.

This is why we say over time, the delegates being voted into the top will most likely be high quality dedicated servers.

[Malibusparky]

Not saying I don't understand your point, but the fee isn't as outrageous as it might seem.

Fair explanation and point of view. I still think .5% is too high but I agree that it is not as outrageous as it first seemed to me.

[GreXX]

Not saying I don't understand your point, but the fee isn't as outrageous as it might seem.

Fair explanation and point of view. I still think .5% is too high but I agree that it is not as outrageous as it first seemed to me.

Keep in mind as always, that we pay attention to everything you guys say and we are already discussing it internally due to the comments here. That doesn't mean it will change, but we have re-opened the dialogue.

[Tobo]

During that round, if you were to miss your block and fail to secure that block in that round, another delegate would take your place and secure that block. They would receive that fee and you would lose your fee for that round as you did not provide the service required. You would not be removed from the Top 101 delegates or lose any votes, but you would not receive the fee for that block and the missed block would be registered in the network statistics and displayed on your delegate page.
This is why we say over time, the delegates being voted into the top will most likely be high quality dedicated servers.

Would I be able to share the fees if I lost my connection after I signed a block in that round?

[GreXX]

During that round, if you were to miss your block and fail to secure that block in that round, another delegate would take your place and secure that block. They would receive that fee and you would lose your fee for that round as you did not provide the service required. You would not be removed from the Top 101 delegates or lose any votes, but you would not receive the fee for that block and the missed block would be registered in the network statistics and displayed on your delegate page.
This is why we say over time, the delegates being voted into the top will most likely be high quality dedicated servers.

Would I be able to share the fees if I lost my connection after I signed a block in that round?

At the beginning of a round, delegates are randomly assigned blocks and the order will be different each round. If you don't respond for the block assigned to your delegate in that round, you are essentially out for that round. You cannot come back online and sign a different block and be counted for that round.

[Malibusparky]

Keep in mind as always, that we pay attention to everything you guys say and we are already discussing it internally due to the comments here. That doesn't mean it will change, but we have re-opened the dialogue.

The Crypti team separates itself from most other projects because you guys are open minded, intelligent and care about the long term future.
I want you to know its appreciated and to keep it going that direction.

Just a reminder that bitcoin miner fee is .0001 of a btc. 1 Nxt is all the fee there is for any transaction of any size.
Crypti is in heavy competition with all coins. So .5% looks huge in comparison. At first glance that may be a bad thing.
But I can also start to see it as differentiating itself from the other coins too.
The flat % fee looks more commercial. Like a marriage between old school finance and new school decentralized currency.

Just throwing that thought in fwiw.

[50cent_rapper]

I like idea of 10% for Foundation, cause it makes sense for Crypti team to develop system in future years, may be even in 2016 and 2017 years.

I'm with you guys from august 2014, but today is the first day when I belive (really) in 1$ for 1 XCR. Damn, why not?

[Passion_ltc]

Thank you all for your good words. We really want to make Crypti something BIG!

[Passion_ltc]

Crypti Forum online again

Hello guys,

pieces are coming together bit by bit and today I can announce you the release of our official Crypti forum. The old forum have been attacked by hundreds of bots every day and we needed to delete so many posts all the time. After that we encountered a database failure, which resulted in a complete loss of all previous forum data. ( Good that there were not many posts   )

Therefore we went a different path for our new forum; another forum software, another domain and a new style. Even through we will link the old forum domains cryptitalk.org and cryptitalk.com to the new one in a few days, the official address will be forum.crypti.me from now on. I think it further expands our ecosystem quite well.

We will see how it goes with the spam now. If it occurs again, we will raise the security measures step-by-step. The links on Crypti.me will be changed shortly. HTTPS will come as well soon.


I hope that you all register and that the discussions will shift to our forum in the future. As you see all the different things are getting under in this long thread. (e.g. Wulfcastles great chat, karmacomas great network monitor, our v0.2.0 beta test our roadmap)

We will copy over different posts to the new forum in the coming days, in the future we will also cross-post everything important into this thread and our forum.


You can get to the new forum with the following link:

http://forum.crypti.me


Greetings
The Crypti Team

[MalReynolds]

Crypti Forum online again

Hello guys,

pieces are coming together bit by bit and today I can announce you the release of our official Crypti forum....I hope that you all register and that the discussions will shift to our forum in the future....You can get to the new forum with the following link:

http://forum.crypti.me

Greetings
The Crypti Team

First member registered!  To da moon for us all!

Let me make a suggestion from my NXT days.  When the NXT forums started, we put a notice on the Bitcointalk page that we had migrated to our own new board, displayed the link to it in the last post with big bold letters like

MOVED TO:

http://forum.crypti.me

and the thread moderator closed the Bitcointalk thread to further posts.  This forced migration to the new board.

Page 500 is coming up on this Bitcointalk thread.  Perhaps we could set a goal / deadline to make the switch on that page?

[GreXX]

Mal, this has already been discussed. After the launch we will be transitioning out of this particular ular thread as we don't think this is the right Board for Crypti at this point. We might do another btt thread in a different sub forum but will be attempting to transition the majority of conversations and announcements to the blog and forum. We needed to keep this open until a certain point but I think we will be building enough buzz outside of this Avenue very soon.

[Litoshi]

not just page 500, but we are coming up to post #10,000