Bitseed
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July 16, 2014, 08:34:36 PM |
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0.00000001 Crypti = ?
Cryptoshi? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I think Cryptoshi sounds quite good. This one's a great suggestion... Cryptoshi! or even Cryptishi.
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Bitseed - dedicated full node hardware
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PilotofBTC
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July 16, 2014, 08:34:42 PM |
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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.
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Litoshi
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July 16, 2014, 08:37:02 PM |
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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
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JulioCesar
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July 16, 2014, 08:37:49 PM |
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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...
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PilotofBTC
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July 16, 2014, 08:39:38 PM |
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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.
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Litoshi
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July 16, 2014, 08:40:40 PM |
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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.
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Quantumtangles
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July 16, 2014, 08:44:05 PM |
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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.
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dzarmush
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July 16, 2014, 08:47:31 PM |
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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.
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GreXX
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July 16, 2014, 08:49:13 PM |
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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.
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samsmith16
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July 16, 2014, 08:57:38 PM |
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0.00000001 Crypti = ?
Cryptoshi? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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
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Quantumtangles
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July 16, 2014, 09:00:06 PM |
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0.00000001 Crypti = ?
Cryptoshi? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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zhinkk
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July 16, 2014, 09:03:45 PM |
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0.00000001 Crypti = ?
Cryptoshi? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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
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samsmith16
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July 16, 2014, 09:05:46 PM |
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0.00000001 Crypti = ?
Cryptoshi? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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...
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▐ Royalties▐ pays interest on Term Deposits up to 15%!! Yes even Cold Storage!!
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dzarmush
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July 16, 2014, 09:07:36 PM |
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0.00000001 Crypti = ?
Cryptoshi? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FJTvQLRx.png&t=665&c=eELCuj1xycKjxw)
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Quantumtangles
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July 16, 2014, 09:08:50 PM |
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0.00000001 Crypti = ?
Cryptoshi? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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.
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samsmith16
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July 16, 2014, 09:10:49 PM |
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0.00000001 Crypti = ?
Cryptoshi? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FJTvQLRx.png&t=665&c=eELCuj1xycKjxw) Well it's tite like kite so Cryptite
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▐ Royalties▐ pays interest on Term Deposits up to 15%!! Yes even Cold Storage!!
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samsmith16
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July 16, 2014, 09:11:38 PM |
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0.00000001 Crypti = ?
Cryptoshi? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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!!
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▐ Royalties▐ pays interest on Term Deposits up to 15%!! Yes even Cold Storage!!
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Hueristic
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July 16, 2014, 09:17:11 PM |
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0.00000001 Crypti = ?
Cryptoshi? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FJTvQLRx.png&t=665&c=eELCuj1xycKjxw) Well it's tite like kite so Cryptite Nope as in "tight" https://www.youtube.com/watch?v=UYxxgvA8rlM&feature=kp
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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samsmith16
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July 16, 2014, 09:25:54 PM |
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0.00000001 Crypti = ?
Cryptoshi? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FJTvQLRx.png&t=665&c=eELCuj1xycKjxw) Well it's tite like kite so Cryptite Nope as in "tight" https://www.youtube.com/watch?v=UYxxgvA8rlM&feature=kphahah you guys need to get laid!! How bout Cryptussy
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▐ Royalties▐ pays interest on Term Deposits up to 15%!! Yes even Cold Storage!!
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Bitseed
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July 16, 2014, 09:28:16 PM |
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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.
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Bitseed - dedicated full node hardware
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