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

[Buratino]

You guys know nothing except sending your money to DEV, dumper! This is the root cause why DEV want a platform IPO, do you feel shame?!

Actually, the buyers are sending the BTC to escrows, who will release them to us only after a proven Crypti distribution to community.

I think you are making revolution in the fairest variant of IPO with BTER pre-sale.
Future IPOs should be in a platform - big exchanges are more trustworthy than individuals or teams.

[hatecrypti]

@DEV, I have posted an independent topic regarding ANN, welcome to join in and discuss with me.

Please raise your concerns here and we will do our best to address them.

Sorry, forgot to post the URL, we can discuss this thing here, https://bitcointalk.org/index.php?topic=684527.0

[SyRenity]

I think you are making revolution in the fairest variant of IPO with BTER pre-sale.
Future IPOs should be in a platform - big exchanges are more trustworthy than individuals or teams.

A fair and distributed launch is exactly what we are trying to achieve.
Thanks to our valuable partners Bter and Maxmint (to join soon), we hope this goal is within reach.

[Buratino]

I think you are making revolution in the fairest variant of IPO with BTER pre-sale.
Future IPOs should be in a platform - big exchanges are more trustworthy than individuals or teams.

A fair and distributed launch is exactly what we are trying to achieve.
Thanks to our valuable partners Bter and Maxmint (to join soon), we hope this goal is within reach.

BTER is under my respect for such progressive moves.
But there is a lack of proofs that you are the long-term project. We will see what will be next.

[Wulfcastle]

Hey SyRenity,


I'm about to invest some BTC, but first could you answer this question :

Nevertheless from what I know about it is that it scales better, but it suffers when tasked to do mathematical equations etc. Considering that all digital currencies are based on cryptography which itself is extremely mathematical intense, wouldn't that hinder Crypti's ability to scale as Node.js just doesn't run mathematical tasks as quick as other languages.

[SyRenity]

Reason I ask this as Node.js doesn't have the same amount of developers or as big a community backing as say Java or C++. Nevertheless from what I know about it is that it scales better, but it suffers when tasked to do mathematical equations etc. Considering that all digital currencies are based on cryptography which itself is extremely mathematical intense, wouldn't that hinder Crypti's ability to scale as Node.js just doesn't run mathematical tasks as quick as other languages.

This is a good point, and we have discussed it in past.
In case we see that performance is not enough for certain operations, we will offload them to native libraries (via node-ffi for example).

By the way, this actually is what Qora does.

I'm about to invest some BTC, but first could you answer this question :

Seems we are thinking on the same wave here .

[crypti]

Hey SyRenity,


I'm about to invest some BTC, but first could you answer this question :

Nevertheless from what I know about it is that it scales better, but it suffers when tasked to do mathematical equations etc. Considering that all digital currencies are based on cryptography which itself is extremely mathematical intense, wouldn't that hinder Crypti's ability to scale as Node.js just doesn't run mathematical tasks as quick as other languages.

Node.js is very fast and can make calculations, but if you need more speed than nodejs you can write you module in C++ and connect it to node.js.

Read this discussion for example:
http://stackoverflow.com/questions/12195841/node-js-vs-c-for-mathematic

[Wulfcastle]

Reason I ask this as Node.js doesn't have the same amount of developers or as big a community backing as say Java or C++. Nevertheless from what I know about it is that it scales better, but it suffers when tasked to do mathematical equations etc. Considering that all digital currencies are based on cryptography which itself is extremely mathematical intense, wouldn't that hinder Crypti's ability to scale as Node.js just doesn't run mathematical tasks as quick as other languages.

This is a good point, and we have discussed it in past.
In case we see that performance is not enough for certain operations, we will offload them to native libraries (via node-ffi for example).

By the way, this actually is what Qora does.

Correct me if I'm wrong, but Node-ffi is used to communicate with the native C++ library in Node.js? Java as a language needs to die, it's got too many security bugs and I'm glad you guys aren't using.

[SyRenity]

BTER is under my respect for such progressive moves.
But there is a lack of proofs that you are the long-term project. We will see what will be next.

Part of Crypti team is already works on it full-time, and the Foundation will hire more full-time people once the pre-sale is over. We intend to handle it as a full-fledged start-up company, with all the responsibility that comes with that.

However actions speak louder than words, and in this case we hope people seen what we capable to and also present the results soon.

[Wulfcastle]

Hey SyRenity,


I'm about to invest some BTC, but first could you answer this question :

Nevertheless from what I know about it is that it scales better, but it suffers when tasked to do mathematical equations etc. Considering that all digital currencies are based on cryptography which itself is extremely mathematical intense, wouldn't that hinder Crypti's ability to scale as Node.js just doesn't run mathematical tasks as quick as other languages.

Node.js is very fast and can make calculations, but if you need more speed than nodejs you can write you module in C++ and connect it to node.js.

Read this discussion for example:
http://stackoverflow.com/questions/12195841/node-js-vs-c-for-mathematic

Yeah just noticed that. Well now that that's cleared up, gonna drop some BTC into this

[SyRenity]

Correct me if I'm wrong, but Node-ffi is used to communicate with the native C++ library in Node.js? Java as a language needs to die, it's got too many security bugs and I'm glad you guys aren't using.

Indeed, C or C++.

I wouldn't discard JVM so soon (Scala pretty much redeems it), however we do not plan to use it for Crypti.

[SyRenity]

Ah okay, never used XCP hence the confusion at the long pass-phrase, coming from a QT here so thought it would be shorter . Also you say that a Crypti SDK can leverage the network to allow the development of "decentralized networks with its own fee structure and assets", will you guys actually develop any of the mentioned platforms such as cloud storage etc yourself or will you leave that up to third-party developers

We plan to develop at least the ratings and online-market place systems to ensure Crypti success for the eCommerce.
Naturally we will encourage 3rd party developers to launch their own products and services on top of Crypti custom block-chains.

[PilotofBTC]

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?

This could be solved by the escrow agent holding all the 15% Crypt community fund and and percentage that is the DEV fund to be sure it all isn't dumped. I know it wasn't in the original plan, but that would assuage these warnings. If MAxMint held the Crypt that wasn't sold in the IPO.

[PilotofBTC]

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.

Will the wallet be available on the NPM system, for those that already have node installed?

[SyRenity]

Will the wallet be available on the NPM system, for those that already have node installed?

Good idea, we can consider publishing to NPM as well.

[PilotofBTC]

OK...  aside from the devs introducing a direct investment option...  maxmint's escrow option is preferable because the 1% fee will be charged on the BTC transfer and NOT on the final amount of CRYPTI.  Let's assume you want all your CRYPTI moved to your local wallet when everything is said and done...  with Bter you will be charged a 1% Withdrawal fee on the total amount of CRYPTI including the bonus.

Hey...  it's not my fault I'm poor...  just trying to get my hands on more CRYPTI!!!   

Isn't the CRY transfer fee 1% already? Is BTER charging 1% on top of that?

[Tobo]

Someone bought for 7 btc in bter !  
People are dumping NXT and buying Crypti.  

I'm not sure the dumping is really related to us, however we are certainly grateful for the trust!

Klee got hacked and he lost about 6 millions of Nxt  and 1170 btc. The hacker was dumping the stolen Nxt. - https://twitter.com/TwinWinNerD/status/487215910370164736

[PilotofBTC]

Use localStorage in the browser, this is a reasonable solution which requires no usage of cookies. The passphrase is stored in the users local browser.

LocalStorage is replacement for Cookie. It's not safe. You can read the content of localStorage by using third-party local program or manual using browser tools.
Can you tell exactly how Ripple uses the localStorage?

You could ask the user to enter a 6 digit pin and encrypt the password using that and store it encrypted in localStorage. That way, you are not storing the password in plain text. As long as you only keep it in browser memory for the small amount of time needed to sign. They still need to enter the pin to send money, but that is easier than typing the whole phrase.

However, it's really not that hard to install LastPass into your browser. That's what I use with NXT and FIMK and i never have to type my pass phrases.

[PilotofBTC]

The "third-party local program" argument is invalid because a malicious third party local program can read a passphrase input in to a web page also.

Input logging requires higher system rights than reading storage.
And sometimes the attacker has remote access to the computer (through vnc or same) and if you have opened page and the password is stored in the browser - the money is taken away. Similar case has been described by one local forum.

I understand that you have a huge IPO going on, but you owe it to those buying to ensure that their data is safe.

This is your "authentication": http://crypti.me:6040/api/unlock?secretPhrase=lksdjfhsdkfjsdhfksdjfhsdkjfhsdkjfhksjdfhkjsdfhksdjfhaskdjfhksadjfhaskldf

That is SCARY that is not authentication, that is a passphrase being sent in plain text in an url, over plain http.

I cannot stress how bad this is, I have never seen anything so insecure in my entire life.

WTF? authentication isn't even used.. here view my balance: http://crypti.me:6040/api/getAllTransactions?accountId=15413165176907764021C

You need to do something about this now, people are buying with huge amounts of BTC!

The former does sound wrong. However, the latter is pretty normal. The block chain is public and any block explorer will allow the ability to see any account's balance and all it's transactions.

[SyRenity]

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?

Yes, a multi-signature wallet, with keys held at hand of the foundation members, who will use them only periodically for expenses management.
As the foundation will consist from launch team and publicly elected community members, it's extremely unlikely there will be enough consensus among everyone to ran away with the funds (and do a good cover story for that).

This on top of the fact that to some of us, reputation is more valuable than money.