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

[GreXX]

Mal,

Insightfu posts as always, but I think you missed a detail on the DPOS posting a few days ago....The fee for transactions are going to be 0.1% during DPOS.  This was changed due to input from the community....  

D'oh, I missed that change, thanks for enlighening me.  I have modded my post / calculations above to reflect this 0.1% fee instead of 0.5% fee.  The new "bottom lines" repeated here are:  

For a Delegate to make "just" $10 in a month, the Crypti price has got to be 2.5X higher than it is now coupled with more than the entire total supply of Crypti changing hands every month.    

Another scenario is, if the monthly transaction traffic target is dropped to "only" 10M Crypti per month (a tenth of the total Crypti supply), then compensating a Delegate $10 per month requires a Crypti value of $0.112 each, or over X25 the current value.

As noted above, a delegate had better be prepared to fund a node out of his own pocket for probably many months until either Crypti prices and/or transaction volumes ramp up VERY significantly.

<Insert typical MalReynolds rant blah blah blah>

Mal,

Due to the very low system requirements, we anticipate being able to run a delegate on a $5 a month cloud server. We also anticipate that many would simply be running their nodes from rigs they already own and run for other cryptos or purposes. Once DApps are launched, many of the nodes voted in as delegates will likely be those same node being run in order to interface with the main chain and secure their custom chain (or nodes being run by the author of a DApp). In this case, it's a tradeoff you would be willing to make to possibly lose a couple bucks a month on running a delegate in order to secure the network.

The biggest benefit of the being involved in Crypti and supporting Crypti, is that we don't function like most other teams. We will constantly monitor and discuss these fees and the ROI for delegates as well as any options available. Up until we have all core features developed and launched, we still consider Crypti to be in a beta phase and we are more than willing to consider any and all improvements that can be made. We have discussed all kinds of options from 0 fees, to 0.5% fees, all the way to allow delegates to publicly vote (and determine by majority / average) on what they think the fee should be and then allowing users to to factor that into whether or not they vote for a delegate.

Bottom line, this is a fluid attribute of the network and something that I believe we will see being discussed again in the future.

[MalReynolds]

Due to the very low system requirements, we anticipate being able to run a delegate on a $5 a month cloud server....

I would be very interested in seeing a PDF checklist for dummies on how to set this up and do this at your favorite cloud service vendor.

The biggest benefit of the being involved in Crypti and supporting Crypti, is that we don't function like most other teams. We will constantly monitor and discuss these fees and the ROI for delegates as well as any options available....

I totally agree this dev team and its flexability is the biggest benefit of being involved with Crypti!

[Passion_ltc]

v0.2.0 release

We are proud to announce the release of v0.2.0 alias Chronos! Chronos, the personification of time, marks the beginning of a new Crypti era, from here on there only one path exists and this is the path to the top.

All latest tests by our team were very successful and the public beta is running for 3 weeks without any problems. Therefore we are finally able to launch it. The Chronos update includes hundreds of backend improvements and fixes and a whole new consensus mechanism called DPoS (Delegates Proof-of-Stake).

With DPoS, our blockchain will have an entirely different structure, therefore we will create a new blockchain from scratch. For this we will save every balance from the old blockchain and transfer it to our new one. All transaction history will be deleted and only the final XCR amount will be left in your account. So if you need your transaction history you have to save it now.

Due to this we make this pre-announcement so that everyone can prepare themselves. We will start to update our nodes tomorrow at 7:00 AM UTC. It is very important that you don't do any transactions in this time frame, until we give our OK! (It may take several hours or the whole day!) Every transaction after 7:00 AM UTC in the v0.1.9g Crypti branch will not appear in the Chronos (v0.2.0) branch.

We already contacted the exchanges and they will stop the withdrawal and deposit tomorrow as well.

If you are a Crypti node owner we ask you to turn off your nodes tomorrow at 7:00 AM UTC. We will upload v0.2.0 as soon as possible tomorrow so you take a look yourself.

In the beginning we will host the entire network on our own delegate nodes. These are the so called genesisDelegates and will be replaced one after another with "real" delegates. It will be very important that you will upvote the delegate nodes of our loyal community members in the future. But we will give you more information and tutorials about this soon.



For now we want to thank you all for your trust.

The Crypti Foundation

[Wulfcastle]

v0.2.0 release

We are proud to announce the release of v0.2.0 alias Chronos! Chronos, the personification of time, marks the beginning of a new Crypti era, from here on there only one path exists and this is the path to the top.

All latest tests by our team were very successful and the public beta is running for 3 weeks without any problems. Therefore we are finally able to launch it. The Chronos update includes hundreds of backend improvements and fixes and a whole new consensus mechanism called DPoS (Delegates Proof-of-Stake).

With DPoS, our blockchain will have an entirely different structure, therefore we will create a new blockchain from scratch. For this we will save every balance from the old blockchain and transfer it to our new one. All transaction history will be deleted and only the final XCR amount will be left in your account. So if you need your transaction history you have to save it now.

Due to this we make this pre-announcement so that everyone can prepare themselves. We will start to update our nodes tomorrow at 7:00 AM UTC. It is very important that you don't do any transactions in this time frame, until we give our OK! (It may take several hours or the whole day!) Every transaction after 7:00 AM UTC in the v0.1.9g Crypti branch will not appear in the Chronos (v0.2.0) branch.

We already contacted the exchanges and they will stop the withdrawal and deposit tomorrow as well.

If you are a Crypti node owner we ask you to turn off your nodes tomorrow at 7:00 AM UTC. We will upload v0.2.0 as soon as possible tomorrow so you take a look yourself.

In the beginning we will host the entire network on our own delegate nodes. These are the so called genesisDelegates and will be replaced one after another with "real" delegates. It will be very important that you will upvote the delegate nodes of our loyal community members in the future. But we will give you more information and tutorials about this soon.



For now we want to thank you all for your trust.

The Crypti Foundation

[dzarmush]

WTS 1M Crypti for 10 BTC, tomorrow after 7:00 UTC 

Great news guys!

[l3n1nN]

v0.2.0 release

We are proud to announce the release of v0.2.0 alias Chronos! Chronos, the personification of time, marks the beginning of a new Crypti era, from here on there only one path exists and this is the path to the top.

All latest tests by our team were very successful and the public beta is running for 3 weeks without any problems. Therefore we are finally able to launch it. The Chronos update includes hundreds of backend improvements and fixes and a whole new consensus mechanism called DPoS (Delegates Proof-of-Stake).

With DPoS, our blockchain will have an entirely different structure, therefore we will create a new blockchain from scratch. For this we will save every balance from the old blockchain and transfer it to our new one. All transaction history will be deleted and only the final XCR amount will be left in your account. So if you need your transaction history you have to save it now.

Due to this we make this pre-announcement so that everyone can prepare themselves. We will start to update our nodes tomorrow at 7:00 AM UTC. It is very important that you don't do any transactions in this time frame, until we give our OK! (It may take several hours or the whole day!) Every transaction after 7:00 AM UTC in the v0.1.9g Crypti branch will not appear in the Chronos (v0.2.0) branch.

We already contacted the exchanges and they will stop the withdrawal and deposit tomorrow as well.

If you are a Crypti node owner we ask you to turn off your nodes tomorrow at 7:00 AM UTC. We will upload v0.2.0 as soon as possible tomorrow so you take a look yourself.

In the beginning we will host the entire network on our own delegate nodes. These are the so called genesisDelegates and will be replaced one after another with "real" delegates. It will be very important that you will upvote the delegate nodes of our loyal community members in the future. But we will give you more information and tutorials about this soon.



For now we want to thank you all for your trust.

The Crypti Foundation

Feels like it has taken ages to get here and now that we are in the here, the journey has just begun.
Congratulations Crypti team and all supporters.

[50cent_rapper]

WTS 1M Crypti for 10 BTC, tomorrow after 7:00 UTC 

Great news guys!

1000 sat per XCR  Why so cheap?

[Litoshi]

WTS 1M Crypti for 10 BTC, tomorrow after 7:00 UTC  

Great news guys!

1000 sat per XCR   Why so cheap?

its a trick

The block chain will be stopped at 0700 UC.  So any transaction in XCR after that is a ghost transaction.  But not in BTC.

Then the new 0.2 DPOS block chain will be enabled.  Transactions in 0.1 will no longr show on your node account page, just the balance.

[Passion_ltc]

WTS 1M Crypti for 10 BTC, tomorrow after 7:00 UTC 

Great news guys!

1000 sat per XCR  Why so cheap?

its a trick

The block chain will be stopped at 0700 UC.  So any transaction in XCR after that is a ghost transaction.  But not in BTC.

It was also irony of dzarmush.

[50cent_rapper]

WTS 1M Crypti for 10 BTC, tomorrow after 7:00 UTC 

Great news guys!

1000 sat per XCR  Why so cheap?

its a trick

The block chain will be stopped at 0700 UC.  So any transaction in XCR after that is a ghost transaction.  But not in BTC.

It was also irony of dzarmush.

Got it 

[Passion_ltc]

v0.2.0 release

We are proud to announce the release of v0.2.0 alias Chronos! Chronos, the personification of time, marks the beginning of a new Crypti era, from here on there only one path exists and this is the path to the top.

All latest tests by our team were very successful and the public beta is running for 3 weeks without any problems. Therefore we are finally able to launch it. The Chronos update includes hundreds of backend improvements and fixes and a whole new consensus mechanism called DPoS (Delegates Proof-of-Stake).

With DPoS, our blockchain will have an entirely different structure, therefore we will create a new blockchain from scratch. For this we will save every balance from the old blockchain and transfer it to our new one. All transaction history will be deleted and only the final XCR amount will be left in your account. So if you need your transaction history you have to save it now.

Due to this we make this pre-announcement so that everyone can prepare themselves. We will start to update our nodes tomorrow at 7:00 AM UTC. It is very important that you don't do any transactions in this time frame, until we give our OK! (It may take several hours or the whole day!) Every transaction after 7:00 AM UTC in the v0.1.9g Crypti branch will not appear in the Chronos (v0.2.0) branch.

We already contacted the exchanges and they will stop the withdrawal and deposit tomorrow as well.

If you are a Crypti node owner we ask you to turn off your nodes tomorrow at 7:00 AM UTC. We will upload v0.2.0 as soon as possible tomorrow so you take a look yourself.

In the beginning we will host the entire network on our own delegate nodes. These are the so called genesisDelegates and will be replaced one after another with "real" delegates. It will be very important that you will upvote the delegate nodes of our loyal community members in the future. But we will give you more information and tutorials about this soon.



For now we want to thank you all for your trust.

The Crypti Foundation

[MalReynolds]

Congrats, Passion!  Just a few more hours and it will be time to update your sig!

[Passion_ltc]

Congrats, Passion!  Just a few more hours and it will be time to update your sig!

Yes, we will prepare new ones for all of you.

[MalReynolds]

Somebody just bought 150K Crypti at prices up to 1890 for 2.8 BTC total causing a nice little pop at Polo.  When the sell wall for 248K Crypti gets eaten up at 1966 all hell is gonna break loose for a while.  There's not much Crypti for sale at all above that price.

https://poloniex.com/exchange#btc_xcr

[Vandalay23]

Hey Crypti Community !!

Can anyone please guide me on how to create a provably unspendable burn address?

It should be obvious, for example it could contain a lot of consecutive X's.

Will appreciate your kind help.

[Bigcabrito]

Somebody just bought 150K Crypti at prices up to 1890 for 2.8 BTC total causing a nice little pop at Polo.  When the sell wall for 248K Crypti gets eaten up at 1966 all hell is gonna break loose for a while.  There's not much Crypti for sale at all above that price.

https://poloniex.com/exchange#btc_xcr

BTER has massive walls.

[dzarmush]

Somebody just bought 150K Crypti at prices up to 1890 for 2.8 BTC total causing a nice little pop at Polo.  When the sell wall for 248K Crypti gets eaten up at 1966 all hell is gonna break loose for a while.  There's not much Crypti for sale at all above that price.

https://poloniex.com/exchange#btc_xcr

BTER has massive walls.

Not as massive as 30 minutes ago )

[Litoshi]

v0.2.0 release

We are proud to announce the release of v0.2.0 alias Chronos! Chronos, the personification of time, marks the beginning of a new Crypti era, from here on there only one path exists and this is the path to the top.

All latest tests by our team were very successful and the public beta is running for 3 weeks without any problems. Therefore we are finally able to launch it. The Chronos update includes hundreds of backend improvements and fixes and a whole new consensus mechanism called DPoS (Delegates Proof-of-Stake).

With DPoS, our blockchain will have an entirely different structure, therefore we will create a new blockchain from scratch. For this we will save every balance from the old blockchain and transfer it to our new one. All transaction history will be deleted and only the final XCR amount will be left in your account. So if you need your transaction history you have to save it now.

Due to this we make this pre-announcement so that everyone can prepare themselves. We will start to update our nodes tomorrow at 7:00 AM UTC. It is very important that you don't do any transactions in this time frame, until we give our OK! (It may take several hours or the whole day!) Every transaction after 7:00 AM UTC in the v0.1.9g Crypti branch will not appear in the Chronos (v0.2.0) branch.

We already contacted the exchanges and they will stop the withdrawal and deposit tomorrow as well.

If you are a Crypti node owner we ask you to turn off your nodes tomorrow at 7:00 AM UTC. We will upload v0.2.0 as soon as possible tomorrow so you take a look yourself.

In the beginning we will host the entire network on our own delegate nodes. These are the so called genesisDelegates and will be replaced one after another with "real" delegates. It will be very important that you will upvote the delegate nodes of our loyal community members in the future. But we will give you more information and tutorials about this soon.



For now we want to thank you all for your trust.

The Crypti Foundation

AH, YES......... CHRONOS !   

Its about time..........



Some puns are too good to resist.

[imd1]

Great news on the 0.2.0 release. It's show time. Thanks Crypti Foundation for sticking through and keeping hopes alive!  

I've been invested and following this since IPO and as other members of the community have said earlier Crypti team is very hard working, committed, honest, flexible, respects and takes care of the community demands and concerns (even if they are being difficult sometimes   )

I'm happy to have found Crypti during its IPO days and invested in it till now and I can see this is just the beginning.

I liked what Litoshi said in an earlier post - Crypti is a get-rich-SLOWLY scheme.    For the long term. Cheers.

[Litoshi]

Great news on the 0.2.0 release. It's show time. Thanks Crypti Foundation for sticking through and keeping hopes alive!  

I've been invested and following this since IPO and as other members of the community have said earlier Crypti team is very hard working, committed, honest, flexible, respects and takes care of the community demands and concerns (even if they are being difficult sometimes   )

I'm happy to have found Crypti during its IPO days and invested in it till now and I can see this is just the beginning.

I liked what Litoshi said in an earlier post - Crypti is a get-rich-SLOWLY scheme.    For the long term. Cheers.

No. I said it is a get rich slowly PROJECT.!!     No schemes here.

A scheme would have negative effects on others, such as getting rich while making others poorer.  We are out to build something that adds real value to the crypto community and to the world.