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[Bitseed]

0.00000001 Crypti = ?

Cryptoshi?

I think Cryptoshi sounds quite good.

This one's a great suggestion...Cryptoshi! or even Cryptishi.

[PilotofBTC]

If the investment was made on day 1 (30% bonus), in that event 30% of 133,333 = 40,000 Crypti = 173,333 in total

Just remember, the bonus isn't calculated on the CRY amount but the original BTC investment, then prorated after that.

Still, around 110k CRY per BTC is a close enough estimate. I'm sure the exact ledger will be out soon enough.

[Litoshi]

We could be a little more precise and figure:

First 2 days with 30% bonus, 400 BTC invested............. 400X1.3=   512 parts
Second official day with 29% bonus, 200 BTC................ 200X1.29= 258 parts
Third official day with 28% bonus, 150 BTC..................  150X1.28= 192 parts
total BTC, 750.  Total parts   .................................................... 962 parts

...

I got in 14th July and I can see my CRSALE in Bter balances. So I hope there was some stakes left that 5th day too? Or was that calculation of yours just an example, or do you read from somewhere that it was all sold by 13th June (28%)?

I believe there were only 4 days where the sale will be accepted within the 750 BTC cap.  There was the BTER pre-pre-sale, the first day of the pre-sale, the second day, and then the third day, where they went over the cap.

If there are 27% buyers, it wont change the figures by more than a few hundred Cryptoshi for the 27% shares

[JulioCesar]

Regarding extra cap BTC invested, I think we have these possible outcomes:

1) Developers agree to accept the invested BTC and max cap is raised a little bit. This isn't too good because shows lack of transparency of commitment. But extra btc investors would be happy and they could be useful to us
2) Developers don't accept the extra btc and not enough is refunded. Sucks to the people who invested and are forced to be out, but at least commitment is kept
3) Developers don't accept the extra btc and enough is refunded for the extra btc people join. That's good and a win/win situation but seems hardly someone would sell their stake now at 1:1
4) Developers sell their own stake to make it up for these extra btc. This would be the best possibility because it shows commitment, transparency and also that developers is altruist and cares about investors. Nobody gets dilluted and developers just lose a little bit of money, but still will hold a lot of it. Nobody loses and developers would win a lot of reputation in exchange of a few btc.

#4 was exactly what I suggested on the previous page.  If you are going to rephrase my idea, at least give me credit. diba

Which would be the exchange value in $? If you look for example NFD has now less value than on IPO, because people dump their stakes...

[PilotofBTC]

About 113,000 without taking bonuses into account.

less than that.

400 shares with 114864 coins each...........  ~45.9million
200 shares with 113981 coins each..........   ~22.4million
150 shares with 113097 coins each..........   ~16.9million
total.....................................................~85 million

You say "less than that" and then determine a higher amount even for those with the smallest bonus.

Anyway... close enough.

[Litoshi]

Do we know how many coins will be distributed for a btc to the first day buyers?

About 113,000 without taking bonuses into account.

We could be a little more precise and figure:

First 2 days with 30% bonus, 400 BTC invested............. 400X1.3=   512 parts
Second official day with 29% bonus, 200 BTC................ 200X1.29= 258 parts
Third official day with 28% bonus, 150 BTC..................  150X1.28= 192 parts
total BTC, 750.  Total parts   .................................................... 962 parts

Each part then is worth 88357 coins. Multiply parts by bonus to get:

Share with 30% bonus.......... 114864 coins
Share with 29% bonus.......... 113981 coins
Share with 28% bonus.......... 113097 coins


math check:

400 shares with 114864 coins each...........  ~45.9million
200 shares with 113981 coins each..........   ~22.4million
150 shares with 113097 coins each..........   ~16.9million
total.....................................................~85 million

I calculated different figures assuming as follows:

100,000,000 coins / 750 BTC cap = 133,333 crypti per BTC invested in the presale.

If the investment was made on day 1 (30% bonus), in that event 30% of 133,333 = 40,000 Crypti = 173,333 in total

If this is right and each Crypti has a notional market opening value of 0.0000075 BTC, then 173,333 x 0.0000075 = 1.299975 BTC or 1.3BTC

Having regard to the obvious demand for Crypti, price rises may involve orders of magnitude in the first few hours of trading.

If this is correct, here are some figures based on a presale investment of 1 BTC on day 1 of the presale:

0.0000075 BTC per Crypti = 1.3 BTC (based on US$638 per BTC = $829.40)
0.000075 BTC per Crypti = 13 BTC                       "                       $8,294.00
0.00075 BTC per Crypti = 130 BTC                       "                       $82,940.00
0.0075 BTC per Crypti = 1300 BTC                       "                       $829,400.00
0.075 BTC per Crypti = 13000 BTC                       "                       $8,294,000.00

Market cap of BTC is plainly not going to be exceeded by a new coin, but between one and three orders of magnitude increase in value are theoretically possible out of the starting gate and 4 or 5 orders of magnitude are possible in a year or so.

By way of disclaimer, I have invested all I have in the presale and accordingly I am in no position to be objective but I thought it would be fun to share these figures in the hope (speculation aside) that at least the calculations are correct (outwith the fact that the suppositions on which increases in value are posited may be entirely incorrect)

your figures are wrong, because the whole 100 million coins are not for sale.  Just 85 million.  Also, the bonus has to be figured in differently than you did.  If you multiply all your coins per share by the number of shares you will come out with 130 million coins.

You will see that my numbers are going to be within 1% of the actual disbursement, UNLESS the devs change the rules again.

The IPO cost to investors of each CRYPTSI will be around 950-1000 satoshi.  

[Quantumtangles]

Do we know how many coins will be distributed for a btc to the first day buyers?

About 113,000 without taking bonuses into account.

We could be a little more precise and figure:

First 2 days with 30% bonus, 400 BTC invested............. 400X1.3=   512 parts
Second official day with 29% bonus, 200 BTC................ 200X1.29= 258 parts
Third official day with 28% bonus, 150 BTC..................  150X1.28= 192 parts
total BTC, 750.  Total parts   .................................................... 962 parts

Each part then is worth 88357 coins. Multiply parts by bonus to get:

Share with 30% bonus.......... 114864 coins
Share with 29% bonus.......... 113981 coins
Share with 28% bonus.......... 113097 coins


math check:

400 shares with 114864 coins each...........  ~45.9million
200 shares with 113981 coins each..........   ~22.4million
150 shares with 113097 coins each..........   ~16.9million
total.....................................................~85 million

I calculated different figures assuming as follows:

100,000,000 coins / 750 BTC cap = 133,333 crypti per BTC invested in the presale.

If the investment was made on day 1 (30% bonus), in that event 30% of 133,333 = 40,000 Crypti = 173,333 in total

If this is right and each Crypti has a notional market opening value of 0.0000075 BTC, then 173,333 x 0.0000075 = 1.299975 BTC or 1.3BTC

Having regard to the obvious demand for Crypti, price rises may involve orders of magnitude in the first few hours of trading.

If this is correct, here are some figures based on a presale investment of 1 BTC on day 1 of the presale:

0.0000075 BTC per Crypti = 1.3 BTC (based on US$638 per BTC = $829.40)
0.000075 BTC per Crypti = 13 BTC                       "                       $8,294.00
0.00075 BTC per Crypti = 130 BTC                       "                       $82,940.00
0.0075 BTC per Crypti = 1300 BTC                       "                       $829,400.00
0.075 BTC per Crypti = 13000 BTC                       "                       $8,294,000.00

Market cap of BTC is plainly not going to be exceeded by a new coin, but between one and three orders of magnitude increase in value are theoretically possible out of the starting gate and 4 or 5 orders of magnitude are possible in a year or so.

By way of disclaimer, I have invested all I have in the presale and accordingly I am in no position to be objective but I thought it would be fun to share these figures in the hope (speculation aside) that at least the calculations are correct (outwith the fact that the suppositions on which increases in value are posited may be entirely incorrect)

your fugures are wrong, because the whole 100 million coins are not for sale.  Just 85 million.  Also, the bonus has to be figured in differently than you did.  If you multiply all your coins per share by the nukmber of shares you will come out with 130 million coins.

You are perfectly correct. Sincere apologies for my mistake which only became obvious to me the moment you pointed it out.

[dzarmush]

Which would be the exchange value in $? If you look for example NFD has now less value than on IPO, because people dump their stakes...

It doesn't make any sense to compare a fork with original coin. It's like comparing Nxt with Nas.

[GreXX]

I'm curious, by what measurement would you consider yourself the "top" crytpo coin?

Are you talking about market cap, or number of transactions per hour, or number of merchants accepting the coin?

My personal opinion is that this is determined by a multitude of factors.

I think daily volume, features implemented, custom applications developed, merchant adoption, and community support are all key factors to this consideration.

I think if we focus on all of those areas, the market cap (which for most is the ultimate indicator of "top") will go up organically to match.

[samsmith16]

0.00000001 Crypti = ?

Cryptoshi?

I think Cryptoshi sounds quite good.

This one's a great suggestion...Cryptoshi! or even Cryptishi.

Well even though I like Cryptite, this Cryptoshi is growing on me... especially when you start looking at it like one day we will be trading
Satoshi's for Cryptoshi's   

[Quantumtangles]

0.00000001 Crypti = ?

Cryptoshi?

I think Cryptoshi sounds quite good.

This one's a great suggestion...Cryptoshi! or even Cryptishi.

Well even though I like Cryptite, this Cryptoshi is growing on me... especially when you start looking at it like one day we will be trading
Satoshi's for Cryptoshi's    

I rather like 'Crypton', because it has alliterative reference to Superman's Kryptonite (strength) as well as to the word 'coupon' for that to which value has been assigned. It also has some of the characteristics of the name of an elementary particle

[zhinkk]

0.00000001 Crypti = ?

Cryptoshi?

I think Cryptoshi sounds quite good.

How about Cyrptite?

I know why the "oshi" but it's just too copycat-ish

0.00000100 Crypti or 100 Cryptite

I agree. Definitely not cryptoshi. Cryptite sounds a little better

[samsmith16]

0.00000001 Crypti = ?

Cryptoshi?

I think Cryptoshi sounds quite good.

This one's a great suggestion...Cryptoshi! or even Cryptishi.

Well even though I like Cryptite, this Cryptoshi is growing on me... especially when you start looking at it like one day we will be trading
Satoshi's for Cryptoshi's    

I rather like 'Crypton', because it has alliterative reference to Superman's Kryptonite (strength) as well as to the word 'coupon' for that to which value has been assigned

yeah Crypton sounds good as well my mind goes to Photon rather then Kryptonite which is good bc Photon is a small unit of measure...

[dzarmush]

0.00000001 Crypti = ?

Cryptoshi?

I think Cryptoshi sounds quite good.

How about Cyrptite?

I know why the "oshi" but it's just too copycat-ish

0.00000100 Crypti or 100 Cryptite

I agree. Definitely not cryptoshi. Cryptite sounds a little better

You must be kidding about "tit"

[Quantumtangles]

0.00000001 Crypti = ?

Cryptoshi?

I think Cryptoshi sounds quite good.

This one's a great suggestion...Cryptoshi! or even Cryptishi.

Well even though I like Cryptite, this Cryptoshi is growing on me... especially when you start looking at it like one day we will be trading
Satoshi's for Cryptoshi's    

I rather like 'Crypton', because it has alliterative reference to Superman's Kryptonite (strength) as well as to the word 'coupon' for that to which value has been assigned

yeah Crypton sounds good as well my mind goes to Photon rather then Kryptonite which is good bc Photon is a small unit of measure...

And Cryptons, like photons, may be said to have zero rest mass. The currency is based on brilliant incentives to keep it moving around.

Edit: Cryptons. The light of finance.

[samsmith16]

0.00000001 Crypti = ?

Cryptoshi?

I think Cryptoshi sounds quite good.

How about Cyrptite?

I know why the "oshi" but it's just too copycat-ish

0.00000100 Crypti or 100 Cryptite

I agree. Definitely not cryptoshi. Cryptite sounds a little better

You must be kidding about "tit"

Well it's tite like kite  so Cryptite

[samsmith16]

0.00000001 Crypti = ?

Cryptoshi?

I think Cryptoshi sounds quite good.

This one's a great suggestion...Cryptoshi! or even Cryptishi.

Well even though I like Cryptite, this Cryptoshi is growing on me... especially when you start looking at it like one day we will be trading
Satoshi's for Cryptoshi's    

I rather like 'Crypton', because it has alliterative reference to Superman's Kryptonite (strength) as well as to the word 'coupon' for that to which value has been assigned

yeah Crypton sounds good as well my mind goes to Photon rather then Kryptonite which is good bc Photon is a small unit of measure...

And Cryptons, like photons, may be said to have zero rest mass. The currency is based on brilliant incentives to keep it moving around.

I like that!!

[Hueristic]

0.00000001 Crypti = ?

Cryptoshi?

I think Cryptoshi sounds quite good.

How about Cyrptite?

I know why the "oshi" but it's just too copycat-ish

0.00000100 Crypti or 100 Cryptite

I agree. Definitely not cryptoshi. Cryptite sounds a little better

You must be kidding about "tit"

Well it's tite like kite  so Cryptite

Nope as in "tight"

https://www.youtube.com/watch?v=UYxxgvA8rlM&feature=kp

[samsmith16]

0.00000001 Crypti = ?

Cryptoshi?

I think Cryptoshi sounds quite good.

How about Cyrptite?

I know why the "oshi" but it's just too copycat-ish

0.00000100 Crypti or 100 Cryptite

I agree. Definitely not cryptoshi. Cryptite sounds a little better

You must be kidding about "tit"

Well it's tite like kite  so Cryptite

Nope as in "tight"

https://www.youtube.com/watch?v=UYxxgvA8rlM&feature=kp

hahah you guys need to get laid!!
How bout Cryptussy 

[Bitseed]

Crypton has a nice ring to it, and is short and easy to pronounce. We can set up a poll on another thread, so any ideas would be welcome.