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Tobo
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July 19, 2014, 01:45:36 PM |
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So you are saying, in theory, there may be only 75 initial investors for to share the entire amount of outstanding coins? You think this is a good/fair distribution?
The List on Bter will come out soon. Wait and see. I bought 2 btc. That all I know. I wish I invested more. Crypti seems bigger than I thought. |
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Wulfcastle
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July 19, 2014, 01:46:40 PM |
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There probably should have been a cap as well so more people can participate.
There are two caps, 750 btc for total fundraising and 10 btc for each account. That is why it is closed because it reached the cap of 750 btc. So you are saying, in theory, there may be only 75 initial investors for to share the entire amount of outstanding coins? You think this is a good distribution? , Bill Gates could buy all Bitcoins in existence. |
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Tobo
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July 19, 2014, 01:47:46 PM |
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Just to be sure, are you waiting for August 10th to start the trading on BTER ?
I think that is the case mentioned by the devs. |
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JakeThePanda
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July 19, 2014, 01:48:42 PM |
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There probably should have been a cap as well so more people can participate.
There are two caps, 750 btc for total fundraising and 10 btc for each account. That is why it is closed because it reached the cap of 750 btc. So you are saying, in theory, there may be only 75 initial investors for to share the entire amount of outstanding coins? You think this is a good distribution? Shut up man. You missed the boat, live with it. I did miss the boat, that is clear. But, what is also clear is that I'm not even close to the only one and it's probably because of the way the IPO went down. For example, Ethereum is figuring out a way to keep their offering open for 60 days while giving everyone a chance to get in over the 60 day period. It won't be a cap where a few whales can come in and scoop up the whole lot. The boat shouldn't be open for only a few days. Yes, that's unfair. |
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JakeThePanda
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July 19, 2014, 01:50:08 PM |
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There probably should have been a cap as well so more people can participate.
There are two caps, 750 btc for total fundraising and 10 btc for each account. That is why it is closed because it reached the cap of 750 btc. So you are saying, in theory, there may be only 75 initial investors for to share the entire amount of outstanding coins? You think this is a good distribution? , Bill Gates could buy all Bitcoins in existence. That's the dumbest analogy I ever heard. He would have to go out into the market and purchase them. |
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Wulfcastle
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July 19, 2014, 01:58:54 PM |
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There probably should have been a cap as well so more people can participate.
There are two caps, 750 btc for total fundraising and 10 btc for each account. That is why it is closed because it reached the cap of 750 btc. So you are saying, in theory, there may be only 75 initial investors for to share the entire amount of outstanding coins? You think this is a good distribution? Shut up man. You missed the boat, live with it. I did miss the boat, that is clear. But, what is also clear is that I'm not even close to the only one and it's probably because of the way the IPO went down. For example, Ethereum is figuring out a way to keep their offering open for 60 days while giving everyone a chance to get in over the 60 day period. It won't be a cap where a few whales can come in and scoop up the whole lot. The boat shouldn't be open for only a few days. Yes, that's unfair. Etheruem will be sold out in a couple of days. MaidSafe was sold out in less than 5 hours, regardless of the whales. The boat was open for those who wanted to hop on board, as the IPO was planned to last 30 days, but due to strong market demand hit the 750 BTC cap within 5 days. You can still send BTC to Maxmint's escrow address and wait in the line for those who may cash out. |
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Wulfcastle
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July 19, 2014, 01:59:54 PM |
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There probably should have been a cap as well so more people can participate.
There are two caps, 750 btc for total fundraising and 10 btc for each account. That is why it is closed because it reached the cap of 750 btc. So you are saying, in theory, there may be only 75 initial investors for to share the entire amount of outstanding coins? You think this is a good distribution? , Bill Gates could buy all Bitcoins in existence. That's the dumbest analogy I ever heard. He would have to go out into the market and purchase them. I could say the same for your argument, but once again all of that is in theory. |
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JakeThePanda
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July 19, 2014, 02:04:25 PM |
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There probably should have been a cap as well so more people can participate.
There are two caps, 750 btc for total fundraising and 10 btc for each account. That is why it is closed because it reached the cap of 750 btc. So you are saying, in theory, there may be only 75 initial investors for to share the entire amount of outstanding coins? You think this is a good distribution? , Bill Gates could buy all Bitcoins in existence. That's the dumbest analogy I ever heard. He would have to go out into the market and purchase them. I could say the same for your argument, but once again all of that is in theory. Not even close to the same and I'm not sure how you can't see the difference. He would have to purchase them in a fair market to get all the bit coins. He would make everyone else rich in the process. |
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JakeThePanda
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July 19, 2014, 02:08:06 PM |
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There probably should have been a cap as well so more people can participate.
There are two caps, 750 btc for total fundraising and 10 btc for each account. That is why it is closed because it reached the cap of 750 btc. So you are saying, in theory, there may be only 75 initial investors for to share the entire amount of outstanding coins? You think this is a good distribution? Shut up man. You missed the boat, live with it. I did miss the boat, that is clear. But, what is also clear is that I'm not even close to the only one and it's probably because of the way the IPO went down. For example, Ethereum is figuring out a way to keep their offering open for 60 days while giving everyone a chance to get in over the 60 day period. It won't be a cap where a few whales can come in and scoop up the whole lot. The boat shouldn't be open for only a few days. Yes, that's unfair. Etheruem will be sold out in a couple of days. MaidSafe was sold out in less than 5 hours, regardless of the whales. The boat was open for those who wanted to hop on board, as the IPO was planned to last 30 days, but due to strong market demand hit the 750 BTC cap within 5 days. You can still send BTC to Maxmint's escrow address and wait in the line for those who may cash out. I'm sorry, but waiting in line in case someone backs out when there are people with 10btc worth and probably have sock puppets too is unfair. Since you mentioned Maidsafe, that was piss poor and you only have to look at what happened to the price after the offering. No, Ethereum won't be sold out because they are designing the offering to remain open for 60 days while giving everyone a chance over that time. |
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samsmith16
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July 19, 2014, 02:21:10 PM |
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I feel bad for ppl who just found out about Crypti to late and will miss out on all the excitement up to Aug. 10th So even though I would look at it like a loss  I would be willing to let you have one of my tokens 1 CRSALE per sale token for 500 BTC Or you can buy some of the few Crypti I list on Aug. 10th, not sure what the going price will be? Cheers |
▐ Royalties▐ pays interest on Term Deposits up to 15%!! Yes even Cold Storage!! |
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Hueristic
Legendary
 Offline
Activity: 3808
Merit: 4898
Doomed to see the future and unable to prevent it
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July 19, 2014, 02:26:24 PM |
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What are you guys going to do about the unfair IPO, which means unfair distribution?
Unfair? There was just over 750 BTC invested in the IPO.... That doesn't mean anything. It was only open for a very short period. Theoretically, 1 person can come in and take up the whole lot. They didn't give an opportunity for more people to find out about the IPO and invest. There probably should have been a cap as well so more people can participate. The thread was open for a whole month before the IPO, there was ample time for people to find out about the IPO. /end fud |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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JakeThePanda
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July 19, 2014, 02:28:50 PM |
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What are you guys going to do about the unfair IPO, which means unfair distribution?
Unfair? There was just over 750 BTC invested in the IPO.... That doesn't mean anything. It was only open for a very short period. Theoretically, 1 person can come in and take up the whole lot. They didn't give an opportunity for more people to find out about the IPO and invest. There probably should have been a cap as well so more people can participate. The thread was open for a whole month before the IPO, there was ample time for people to find out about the IPO. /end fud It's not fud. I'm not here to try and destroy the coin. |
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Primitive
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July 19, 2014, 02:52:53 PM |
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What are you guys going to do about the unfair IPO, which means unfair distribution?
Unfair? There was just over 750 BTC invested in the IPO.... That doesn't mean anything. It was only open for a very short period. Theoretically, 1 person can come in and take up the whole lot. They didn't give an opportunity for more people to find out about the IPO and invest. There probably should have been a cap as well so more people can participate. The thread was open for a whole month before the IPO, there was ample time for people to find out about the IPO. /end fud It's not fud. I'm not here to try and destroy the coin. you've made your point now Jake. let's move on. |
NEM, LSK, STRAT
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JakeThePanda
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July 19, 2014, 02:59:31 PM |
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What are you guys going to do about the unfair IPO, which means unfair distribution?
Unfair? There was just over 750 BTC invested in the IPO.... That doesn't mean anything. It was only open for a very short period. Theoretically, 1 person can come in and take up the whole lot. They didn't give an opportunity for more people to find out about the IPO and invest. There probably should have been a cap as well so more people can participate. The thread was open for a whole month before the IPO, there was ample time for people to find out about the IPO. /end fud It's not fud. I'm not here to try and destroy the coin. you've made your point now Jake. let's move on. How do I move on? |
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Hueristic
Legendary
Offline
Activity: 3808
Merit: 4898
Doomed to see the future and unable to prevent it
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July 19, 2014, 02:59:55 PM |
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What are you guys going to do about the unfair IPO, which means unfair distribution?
Unfair? There was just over 750 BTC invested in the IPO.... That doesn't mean anything. It was only open for a very short period. Theoretically, 1 person can come in and take up the whole lot. They didn't give an opportunity for more people to find out about the IPO and invest. There probably should have been a cap as well so more people can participate. The thread was open for a whole month before the IPO, there was ample time for people to find out about the IPO. /end fud It's not fud. I'm not here to try and destroy the coin. /ignore |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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cloudlover
Member
Offline
Activity: 84
Merit: 10
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July 19, 2014, 03:01:14 PM |
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What are you guys going to do about the unfair IPO, which means unfair distribution?
Watch the world with your eyes ,there are no fair affairs. |
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megashira1
Legendary
Offline
Activity: 1146
Merit: 1000
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July 19, 2014, 03:04:50 PM |
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What are you guys going to do about the unfair IPO, which means unfair distribution?
Unfair? There was just over 750 BTC invested in the IPO.... That doesn't mean anything. It was only open for a very short period. Theoretically, 1 person can come in and take up the whole lot. They didn't give an opportunity for more people to find out about the IPO and invest. There probably should have been a cap as well so more people can participate. The thread was open for a whole month before the IPO, there was ample time for people to find out about the IPO. /end fud It's not fud. I'm not here to try and destroy the coin. you've made your point now Jake. let's move on. How do I move on? I know it sucks man, been there before, you just gotta accept you missed out and look for the next opportunity. I had been following the thread for a month before presale even started so there was indeed enough time. If you don't wanna miss the next IPO, you gotta put in effort and be more vigilant. |
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JakeThePanda
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July 19, 2014, 03:04:54 PM |
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What are you guys going to do about the unfair IPO, which means unfair distribution?
Unfair? There was just over 750 BTC invested in the IPO.... That doesn't mean anything. It was only open for a very short period. Theoretically, 1 person can come in and take up the whole lot. They didn't give an opportunity for more people to find out about the IPO and invest. There probably should have been a cap as well so more people can participate. The thread was open for a whole month before the IPO, there was ample time for people to find out about the IPO. /end fud It's not fud. I'm not here to try and destroy the coin. /ignore That's a great approach. I'm saying it sounds like a great project but the development team should've thought about the initial distribution plan more and give everyone an equal opportunity to buy in. Only a completely greedy person would have the attitude that it's FUD or have the "You missed the boat, live with it" mentality. You should be able to see a problem with allowing people to invest 10 btc with a cap. There are many projects that have an initial distribution of 2k-3k people. They could have started with a lower cap per investor. |
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Primitive
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July 19, 2014, 03:16:48 PM |
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That's a great approach. I'm saying it sounds like a great project but the development team should've thought about the initial distribution plan more and give everyone an equal opportunity to buy in. Only a completely greedy person would have the attitude that it's FUD or have the "You missed the boat, live with it" mentality. You should be able to see a problem with allowing people to invest 10 btc with a cap. There are many projects that have an initial distribution of 2k-3k people. They could have started with a lower cap per investor.
Jake, this is FUD now. you've made your point. you dont need to repeat yourself 100 times. please stop. |
NEM, LSK, STRAT
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JakeThePanda
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July 19, 2014, 03:21:52 PM |
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That's a great approach. I'm saying it sounds like a great project but the development team should've thought about the initial distribution plan more and give everyone an equal opportunity to buy in. Only a completely greedy person would have the attitude that it's FUD or have the "You missed the boat, live with it" mentality. You should be able to see a problem with allowing people to invest 10 btc with a cap. There are many projects that have an initial distribution of 2k-3k people. They could have started with a lower cap per investor.
Jake, this is FUD now. you've made your point. you dont need to repeat yourself 100 times. please stop. I will stop, but don't think for a second that it won't be an issue once the coin launches and people see it have even the slightest amount of success. Yes, other coins have launched with unfair IPOs, but they were shit clone coins with no innovation. Crypti is trying to do something innovative, so an unfair distribution could be disastrous. The market won't stand for another NXT. I'm out. They could open up another 100 btc of the offering with a .25 btc cap per investor, or something similar. Let's see how many more people want in. |
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