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[vlight]

The IPO has already started. If devs will place a cap now they will lose credibility. Personally, i liked 500 BTC cap, but it is too late now.

[SyRenity]

I really think a pre-sale cap will suit investors, you don't want the IPO to become too diluted as no investor will profit out of it. Don't forget you will still have the 15% of the pre sale left for development,  so if you only need 500 BTC from the IPO why not put a cap on it?

EDIT : Don't forget some whale could single handedly drop over 500 BTC into this IPO and render our investments useless. This is the same problem Ethereum faced and they seem to be implementing a cap on their future IPO as well

The max total cap is currently under discussion.
There is a max cap per buyer of 2%, that is aimed to prevent the described whale behavior.

[PilotofBTC]

Any decision regarding total pre-sale cap yet ß???

I really think a pre-sale cap will suit investors, you don't want the IPO to become too diluted as no investor will profit out of it. Don't forget you will still have the 15% of the pre sale left for development,  so if you only need 500 BTC from the IPO why not put a cap on it?

EDIT : Don't forget some whale could single handedly drop over 500 BTC into this IPO and render our investments useless. This is the same problem Ethereum faced and they seem to be implementing a cap on their future IPO as well

I guess if he wasn't to create a bunch of accounts. But, I don't see how that renders your investment useless. The price of 1 CRY will be the same no matter if this happens or not. Please explain your analysis.

[Wulfcastle]

Any decision regarding total pre-sale cap yet ß???

I really think a pre-sale cap will suit investors, you don't want the IPO to become too diluted as no investor will profit out of it. Don't forget you will still have the 15% of the pre sale left for development,  so if you only need 500 BTC from the IPO why not put a cap on it?

EDIT : Don't forget some whale could single handedly drop over 500 BTC into this IPO and render our investments useless. This is the same problem Ethereum faced and they seem to be implementing a cap on their future IPO as well

I guess if he wasn't to create a bunch of accounts. But, I don't see how that renders your investment useless. The price of 1 CRY will be the same no matter if this happens or not. Please explain your analysis.

The price would be the same, but it essentially means that hypothetically if a whale manages to purchase most of the CRSsale in the IPO we'd be left with a small percentage of coins. So instead of receiving 20 000 Crypti, we'd only receive 1 000. We'd should in that case receive better returns by just buying Crypti on the market.

[tobeaj2meraa]

Attitude of China govement regarding BTC/altcoin is not clear until now, may be these coins will be forbidden in China via this IPO thing, let's wait and see.

First (as it was said many times), it is not IPO but rather a pre-sale of Crypti.

Second, Bter has done their own legal homework as well, before joining this pre-sale.

Man, let's wait and see, I have said the policy regarding BTC is not clear in China, there has been two round suppresses in the last few months by the government, and I think you have noticed the price wave of BTC, and you can check the related news if you know Chinese, it's not illegal now but no one can guarantee it still will be not illegal in the next days, BTC and alt coins has damaged the interests of China banks and stock exchange which runs by government, may be the government just needs an excuse to suppress BTC/alt coins again, government don't like BTC. Bter said they have done legal homework, it's true but not completely true since they want this coin to make money, I have listed some things they don't want to say above

I have concern, in case IPO in bter outlawed by China government, we will get our BTC back from you dev team, correct?please answer me directly.

[SyRenity]

I have concern, in case IPO in bter outlawed by China government, we will get our BTC back from you dev team, correct?please answer me directly.

Please note that Bter holds all the BTC raised through them in escrow, until we have a proven distribution of Crypti to buyers.
Hence in a case of a such very unlikely occasion, Bter will be the address to inquiry regarding the matter.

[hatecrypti]

Attitude of China govement regarding BTC/altcoin is not clear until now, may be these coins will be forbidden in China via this IPO thing, let's wait and see.

First (as it was said many times), it is not IPO but rather a pre-sale of Crypti.

Second, Bter has done their own legal homework as well, before joining this pre-sale.

Man, let's wait and see, I have said the policy regarding BTC is not clear in China, there has been two round suppresses in the last few months by the government, and I think you have noticed the price wave of BTC, and you can check the related news if you know Chinese, it's not illegal now but no one can guarantee it still will be not illegal in the next days, BTC and alt coins has damaged the interests of China banks and stock exchange which runs by government, may be the government just needs an excuse to suppress BTC/alt coins again, government don't like BTC. Bter said they have done legal homework, it's true but not completely true since they want this coin to make money, I have listed some things they don't want to say above

Are you a fucking idiot? Bitcoin was never illegal in china, and will never be...

Man, please talk civilized in this thread, don't call your mother's name, I have reported your words to mod.

"don't call your mother's name".... and you have the nerves to report me you fucking retarded monkey? ...

If you don't agree with me, just argue, don't call your mother's name, you take the personal attack on me first since you are afraid of what I said.

I know you are from DEV team,  I read all of your posts, all you can do is call your mother's name.
@all investors , do you really believe a dev team like this can make a good coin?!

[SyRenity]

I know you are from DEV team,  I read all of your posts, all you can do is call your mother's name.
@all investors , do you really believe a dev team like this can make a good coin?!

I'm not sure where from you have this idea, the current full team roster is listed in the ANN OP.

[tobeaj2meraa]

I have concern, in case IPO in bter outlawed by China government, we will get our BTC back from you dev team, correct?please answer me directly.

Note that Bter holds the BTC in their escrow, until we have a proven distribution of Crypti to buyers.

Yes, sir, so in case we lost BTC of this IPO in bter for some reason, we will claim them from bter not you. Actually I don't understand why you chose bter as escrow, there are potential policy risk in the BTC things in China especially IPO.

[crypti]

SSL added

SSL wallet here: https://crypti.me:7040/

[SyRenity]

Actually I don't understand why you chose bter as escrow, there are potential policy risk in the BTC things in China especially IPO.

As was explained in past, this is not an IPO but rather a pre-sale of the Crypti to buyers.

Also, Bter has done their own checks, before joining the pre-sale.

[dzarmush]

As potential investor I'm totally for a max cap. Otherwise it'll be another maidsafe. I didn't invest in maidsafe because I saw what was happening and I have no regrets.

[tobeaj2mer01]

As potential investor I'm totally for a max cap. Otherwise it'll be another maidsafe. I didn't invest in maidsafe because I saw what was happening and I have no regrets.

+1

+1, me too, my reason
1. no cap
2. IPO via platform, no profit space for investors.
3. many guys in the community hate this coin

[SL1M]

hey im new to this ipo / pre sale thing. but what happend with maidsafe? investors lost money?

[dzarmush]

hey im new to this ipo / pre sale thing. but what happend with maidsafe? investors lost money?

No, but they didn't profit either. Maidsafe gathered 5000 BTC, so there's no space for price growing. For example Qora IPO gathered ~140 BTC. Even at the price of 20 satoshi it's x15 from IPO price.

[Elokane]

So the cap WAS raised?

[Wulfcastle]

So the cap WAS raised?

That's an arbitrary amount, not really a cap.

[Wulfcastle]

hey im new to this ipo / pre sale thing. but what happend with maidsafe? investors lost money?

No, but they didn't profit either. Maidsafe gathered 5000 BTC, so there's no space for price growing. For example Qora IPO gathered ~140 BTC. Even at the price of 20 satoshi it's x15 from IPO price.

Exactly the point I was trying to make.

[vlight]

I really think a pre-sale cap will suit investors, you don't want the IPO to become too diluted as no investor will profit out of it. Don't forget you will still have the 15% of the pre sale left for development,  so if you only need 500 BTC from the IPO why not put a cap on it?

EDIT : Don't forget some whale could single handedly drop over 500 BTC into this IPO and render our investments useless. This is the same problem Ethereum faced and they seem to be implementing a cap on their future IPO as well

The max total cap is currently under discussion.
There is a max cap per buyer of 2%, that is aimed to prevent the described whale behavior.

lol, so you still haven't decided it yet. This is just ... oh well, i guess it is a good thing to get it later than never.

[dzarmush]

WTF?!?  

Investor risk notice: More than 120BTC has been invested in Crypti on Bter.com. Invest with caution!

https://bter.com/trade/CRSALE_BTC


Edit:  Meaning...  why would you provide escrow services and then post a message like that?!?!?   

Devs may not deliver.