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[Quantumtangles]

rofl basic math.

so basic it is math that has no relation to reality.

I was also doing some basic math, if crpyti reaches 250btc per coin. that's a lot of money

You may be quite right Jibble. Though on the other hand, the pizza parlour owner who sold a pizza for thousands of bitcoins (in the fantastic belief the coins would have substantive value at some future point) was equally if not more foolish 

[1714935258]

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[1714935258]

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[jibble]

rofl basic math.

so basic it is math that has no relation to reality.

I was also doing some basic math, if crpyti reaches 250btc per coin. that's a lot of money

You may be quite right Jibble. Though on the other hand, the pizza parlour owner who sold a pizza for thousands of bitcoins (in the fantastic belief the coins would have substantive value at some future point) was equally if not more foolish  

Not really, you have historical data that can be used here, for bitcoin there was nothing, bitcoin with 13 million coins currently and crypti with 100 million.

you did zero research you basically assigned a random high value to a single coin and times it by 100 million. no evidence to suggest why it might reach that other than "someone bought pizza for bitcoin" is not evidence at all, just wishful thinking

how exactly are you equating saying "a coin will be worth vastly more than bitcoin" to "someone saying these will be worth more in the future" one is saying they will be worth more, 1 is using pure imagination to arrive at their conclusion, ignoring all the facts laying before them in 4 years of historical data

[dzarmush]

Ipo is close after the 750 BTC?

It won't be closed after 750 BTC, but all investments over 750 will be refunded. We're at ~744 BTC right now.

[775011934]

Also the ~750 BTC feels strange. Why not exactly 750 BTC? Because they will actually sell more than that, now that they see there is huge interest? And if they do, this will dilute the share of the current investors, who are thinking they are getting 1/750 of the available Crypti by investing 1 BTC, while in reality they may get only 1/1000 or something. This would be misleading investor very badly, so I hope I am wrong here.

The maximum cap is 750 BTC with Bter and Maxmint combined, this means once we reach the cap, anything raised above will be returned to buyers.

We will use both Bter buy times and blockchain transaction times, to ensure the cap correctly applied to these both channels.

As soon as 750 BTC cap is reached, you will launch Cripti? time is money

[Quantumtangles]

rofl basic math.

so basic it is math that has no relation to reality.

I was also doing some basic math, if crpyti reaches 250btc per coin. that's a lot of money

You may be quite right Jibble. Though on the other hand, the pizza parlour owner who sold a pizza for thousands of bitcoins (in the fantastic belief the coins would have substantive value at some future point) was equally if not more foolish  

Not really, you have historical data that can be used here, for bitcoin there was nothing, bitcoin with 13 million coins currently and crypti with 100 million.

you did zero research you basically assigned a random high value to a single coin and times it by 100 million. no evidence to suggest why it might reach that other than "someone bought pizza for bitcoin" is not evidence at all, just wishful thinking

how exactly are you equating saying "a coin will be worth vastly more than bitcoin" to "someone saying these will be worth more in the future" one is saying they will be worth more, 1 is using pure imagination to arrive at their conclusion, ignoring all the facts laying before them in 4 years of historical data

It is difficult for me to disagree with you Jibble. I shall therefore leave that to others.

“Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.”

[dzarmush]

743,344 BTC invested. Last chance to get rich.

[jibble]

rofl basic math.

so basic it is math that has no relation to reality.

I was also doing some basic math, if crpyti reaches 250btc per coin. that's a lot of money

You may be quite right Jibble. Though on the other hand, the pizza parlour owner who sold a pizza for thousands of bitcoins (in the fantastic belief the coins would have substantive value at some future point) was equally if not more foolish  

Not really, you have historical data that can be used here, for bitcoin there was nothing, bitcoin with 13 million coins currently and crypti with 100 million.

you did zero research you basically assigned a random high value to a single coin and times it by 100 million. no evidence to suggest why it might reach that other than "someone bought pizza for bitcoin" is not evidence at all, just wishful thinking

how exactly are you equating saying "a coin will be worth vastly more than bitcoin" to "someone saying these will be worth more in the future" one is saying they will be worth more, 1 is using pure imagination to arrive at their conclusion, ignoring all the facts laying before them in 4 years of historical data

It is difficult for me to disagree with you Jibble. I shall therefore leave that to others.

“Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.”

Weird how you draw a conclusion based on zero evidence and then use an Einstein quote about imagination .

It is my imagination that imagines btc reaching 20 trillion a coin, my knowledge shows that to be an almost impossibility to ever happen. unless whatever it is compared against is almost worthless.

You could also argue imagination has some rooted source in knowledge and using imagination without knowledge is simply delusion.

But if you want to quote me years old quotes then continue to do so, i enjoy them.

[dzarmush]

762 BTC invested

[WarNeverChanges]

So if I do the pre-sale now will I be refunded?

[dzarmush]

So if I do the pre-sale now will I be refunded?

1. The amount is not certain, so the cap is probably not reached yet.

2. Someone from buyers may ask for a refund so the ones in waiting list (who invested after 750 btc) will have a stake.

[WarNeverChanges]

So if I do the pre-sale now will I be refunded?

1. The amount is not certain, so the cap is probably not reached yet.

2. Someone from buyers may ask for a refund so the ones in waiting list (who invested after 750 btc) will have a stake.

Thanks for the quick response. I will give it a try.

[samsmith16]

So 5 days and 750 btc 

I'm I the only one curious of what No cap and 30 days would have brought in  hahaha

[dzarmush]

So 5 days and 750 btc

I'm I the only one curious of what No cap and 30 days would have brought in hahaha

Interesting precedent was established with Fimk and Crypti when an exchange does escrow. Cryptoworld is developing and becoming more civilized.

[775011934]

The total amount of Crypti in existence will be 100 Million and 85% will be distributed to shareholders so where from 30% bonus comes from? It can only come from 15% coins
reserved for initial investor and developers. If not, buying on the last day when bonus will be 0% would mean not actualy getting (coins + 0% bonus) but (coins - 30% bonus).

Can someone from developers clarify the matter?

It's really simple math that was already explained.

The bonus will be added to your BTC amount before the shares are calculated.

Considering length of the IPO there won't be 25-30% bonuses, but 0-5%. In order to get 30% bonus IPO should last 30 days with 0% for the 30th day. But it lasted just 5 days. I expect the cap is reached today.

I was hoping they were going to just diminish the dev cut based on the early completion of the IPO?

15% is not much at all. Devs are working hard and giving us one hell of a coin. We can't ask them to shrink their cut. Especially considering the fact that they're not going to keep IPO money to themselves but put it back into the coin.

I agree. Demanding more is greedy not the other way around. btw it looks like the IPO is going to end soon if not already is over.

Yep. Every investor will have x10 before Autumn. Can't ask for more.

I feel like it's not impossible to have market cap close to Nxt. With all this foundation stuff and negotiations with merchants. The team is damn serious about this coin. And 50 000 BTC market cap means x66.6 ROI for us.

Seems you will change your signature soon.

[SyRenity]

Raised funds update

Following my communication with Bter, they confirmed that 727.103605 were raised.
Together with Maxmint raised 33.80307572, it totals to 760.90668072!

We are now discussing with Bter the best way to proceed for the remainder of the pre-sale period, allowing both additional purchasing and refunding.
At the end of the pre-sale period, we will process the funds raised both through Bter and Maxmint, to refund these over the 750 BTC cap.


On that note, I'd like to thank again the crypto community. We are grateful that you have given us this chance, and commit to making Crypti the best and most commonly accepted eCommerce crypto possible.

[dzarmush]

Seems you will change your signature soon.

Nope.

[dzarmush]

We are now discussing with Bter the best way to proceed for the remainder of the pre-sale period, allowing both additional purchasing and refunding.
At the end of the pre-sale period, we will process the funds raised both through Bter and Maxmint, to refund these over the 750 BTC cap.

Sounds like you're going to keep IPO open 25 more days.

[yzhi]

Nice on releasing the whitepaper, will take a read on it today.

[SyRenity]

Sounds like you're going to keep IPO open 25 more days.

The announced period of this pre-sale is 30 days (ending August 10th, 00:00 UTC), and while we are very happy that the cap was reached so soon, we still will stand by the original terms.

[dzarmush]

To be more clear, I've only mentioned it in the light of the repeating community requests for the max cap, as there won't be any sense to keep the pre-sale going if the said max cap is reached. That said, if we do set a max cap and reach it, and the community will prefer to keep the original period going, we will respect it.

UPD: I personally have no problem with keeping the original period going and have an opportunity to refund at any moment. But I guess it'll better to listen what others think.