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[GreXX]

@DEV, I want to withdraw Crypti from Bter to local wallet, is there a way???

The issue here and the reason we haven't launched is because in order for withdrawals to work, BTER has to implement the API on their end and has to enable the functionality. This is what they have postponed due to the hack so they can focus their attention. Until they implement (which everything is completed and provided to them) we simply have to wait. These are the kinds of issues that can arise as a negative of using escrow in that you are reliant on a second party.

Let's just all try to understand this from BTERs perspective and let them do what they need to do to secure their business. They told us they needed 2 days. If in 2 days they ask for 2 more then we will take additional action and look for other solutions. In the meantime, let's give them the benefit of the doubt.

Keep in mind that as a business they just lost millions of dollars. That's not easy for anyone to respond to.

[1714947992]

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[1714947992]

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[S3MKi]

will bter die? what do u think guys?

Depends if we think they can swallow the $1M+ they lost to the Nxt hacker. Probably, but until they officially talk, ive withdrawn from BTER.

it is huge money...

[tobeaj2mer01]

will bter die? what do u think guys?

Depends if we think they can swallow the $1M+ they lost to the Nxt hacker. Probably, but until they officially talk, ive withdrawn from BTER.

it is huge money...

If the hacker doesn't return the NXT, Bter will die definitely.

[Litoshi]

In the meantime btc's still falling, time to get into the 2nd gen crypto train peeps  

Cybercurrency will play an even more important role in the future.  BTC broke the barriers, but just like MySpace, Lycos, and tape players, something better, faster, and cheaper always comes along and edges the old out.  XCR has a great chance at being the one that bumps BTC off the top.

Litoshi,

I always appreciate your insight, but do you really believe BTC will eventually be surpassed by another altcoin/platform?

Yes, BTC will eventually be pushed into the shadows.  It happens to all the barrier breakers in any field, not just the net.  Look what happened to the video rental stores: replaced with NetFlix.  Bookstores have been replaced by Cosco and eBooks.  

BTC has serious flaws and is without any additional feature implementation.  New coins have been developed that offer solutions to these flaws, and implement features that make cybercash user friendly.  Cybercash use will not catch on to the general public until it is idiot proof.

If you were on the net in the late 80s or very early 90s, you would remember how difficult it was to get online.  You had to configure a modem, with dip switch settings, and write a script for your dial-up modem.  Then you needed to load Netscape 1 or Mozilla from a floppy disk.  You had to run Archie for a search engine.  For the UseNet you needed a program to divide and combine posts into 15000 lines max.  Complicated enough to keep anyone not a geek away.  

But once computers dropped to below $800 in price, and Grandma could get on the net by loading an AOL CD Rom, everything changed.  

Simplicity of use results in rapid adoption.


The same is true of cybercash.  BTC is too complex for simple transactions.  It still serves as the benchmark, as all altcoin values are set in satoshis.  But the vast non-geek public will not see cybercash as a useable system until it is as simple to use as a credit card swipe at Walmart.  

The main market for cybercash will be the 80% of the world population that is unbanked.  High fees are charged by Forex dealers to send funds from the US to Mexico and Philippines (10-20%), which are then hand delivered to the receiver by couriers.  Most of these people have a smartphone.

Mobile Apps to transfer XCR and BTC to smartphones will break the back of the Forex dealers.  This is a 2 billion dollar a month market.  Imagine the transaction fees earned by a POS coin like XCR at that level!!.  


In the mid 90s, I told many people that the phone, computer and TV were going to merge into one appliance.  I was laughed at.  Then the cable companies started offering internet connections.  Later, video came to computers.  Now we have smartphones.  The future is here.

[GreXX]

The key as Litoshi says is simplicity. Right now, the average person doesn't understand the concept of crypto-currencies. They understand they login to their bank, they get checks and a debit card, they have their check sent to their bank, and then they use their debit card.

Crypto-currencies that are currently available are horribly complex compared to this system. But remember, at one point, everyone used checks at the grocery store and no one had debit cards. People got their checks from their employer and deposited it in a bank. I use a bank now that doesn't even have branches, it's all online. The market moves fast as technology develops.

The key to adoption is showing people a system that functions like what they are used to and then adapting it over time to be revolutionary. It will be a while before we can convince people to have their checks paid in Bitcoin or Crypti and deposited into their online wallets and use QR codes or their mobile app to pay at stores, but just like the adoption of online banking and debit cards, it will happen over time.

Banks can't offer instantaneous global transfers. They can't offer as low of fees because of the way their networks work and the costs involved. They also can't guarantee the solvency of the country who's currency they work with or that their economy won't collapse.

A global crypto-currency can.

We simply need to develop the infrastructure, ease of use, and incentive to change.

We also need to increase merchant adoption. If you look at Bitcoin, the merchants are adapting to where the money is. They see the potential profits and they see the market developing and so they are starting to conform. The issue is that the average person won't adopt a form of payment like Bitcoin until they can actually spend it. So for the sake of Crypti, we need to push, develop, and inspire adoption in both groups concurrently to push the adoption rate.

We have a roadmap that we think will help us get there. We will also be having extensive discussions with the community and pushing the envelope of what we think is possible together. We have the capability and the capital to start the process and once we show the potential, many more will get on this train. While it will be a long road to challenge traditional banking, Paypal, Mastercard, Visa, and the traditional way of thinking, we sure as hell have the balls to try and together, I actually think we can.

[seek4dream]

guys, have u noticed what happened with NXT-BTC market in Bter?
How could Bter restart it?

[profitofthegods]

guys, have u noticed what happened with NXT-BTC market in Bter?
How could Bter restart it?

Perhaps they are confident they will get the stolen funds back and want to buy up cheap NXT from their customers?

[Riddikulo]

When will be launched?

[ElliottHe]

guys, have u noticed what happened with NXT-BTC market in Bter?
How could Bter restart it?

Perhaps they are confident they will get the stolen funds back and want to buy up cheap NXT from their customers?

Shut down again.

[seek4dream]

guys, have u noticed what happened with NXT-BTC market in Bter?
How could Bter restart it?

Perhaps they are confident they will get the stolen funds back and want to buy up cheap NXT from their customers?

I do hope so.

[lucky88888]

someone exploited bter's old website which was able to trade and withdraw btc out sucessfully.
old.bter.com
its taken out now.

[Litoshi]

The key as Litoshi says is simplicity. Right now, the average person doesn't understand the concept of crypto-currencies. They understand they login to their bank, they get checks and a debit card, they have their check sent to their bank, and then they use their debit card.

We simply need to develop the infrastructure, ease of use, and incentive to change.
 

There will be a severe financial crisis soon, resulting in the death of many Currencies, including the Euro.  If the infrastructure for mobile money transfer with XCR is on place when that happens, then XCR will see the same kind of overnight explosion that AOL saw after Xmas 1997 when 5 million people got cheap ($800) computers for Xmas with a AOL CD Rom.  

When all hell breaks loose, people flock to safety.  Have the sanctuary ready, and they will come.  

And oh yeah.... there is that little factor of PRICE & DEMAND.   50 XCR for a new BMW?

[Crilloz]

And oh yeah.... there is that little factor of PRICE & DEMAND.   50 XCR for a new BMW?

I need to build myself a new bigger garage then

[bitcoinpaul]

Crypti IPO save on bter?

[ShroomsKit_Disgrace]

Crypti IPO save on bter?

NO! sell your stake to me, now!!

[bitcoinpaul]

Crypti IPO save on bter?

NO! sell your stake

U read it here first, guys.

[fragORA]

Crypti IPO save on bter?

i just sold and withdrew. bter left the nxt/btc open and people were selling "fake" NXT as fast as they could and withdrawing. Bter said they will cover the loss but after the 50mill nxt stolen, i felt better with the btc in my wallet rather than theirs

[cisahasa]

is this estonian coin?

[imd1]

Calm down.  XCR will be over 6000 satoshi soon.  NXT is similar to XCR, but has 10 times the coins, and is at 6000 sats.  XCR could reach 60000 sats to be par with NXT.

If you invested non-essential funds in XCR, then you have nothing to lose by waiting, and everything to gain.  If yo invested money that you need for bills, then you are violating one of the rules of successful investing:  Never invest funds that you cannot afford to lose.

Sit back and enjoy the ride.

There will be a severe financial crisis soon, resulting in the death of many Currencies, including the Euro.  If the infrastructure for mobile money transfer with XCR is on place when that happens, then XCR will see the same kind of overnight explosion that AOL saw after Xmas 1997 when 5 million people got cheap ($800) computers for Xmas with a AOL CD Rom.

Hi.. I've been a silent yet avid reader of each post in this forum from the time IPO was in progress and fortunately managed to invest in IPO too. Needless to say there have been very interesting discussions going on here.

Litoshi, I can see you used 'soon' word in two of your recent posts which made me wonder which do you think would be sooner and any approximate timeline for that ?

[Litoshi]

Calm down.  XCR will be over 6000 satoshi soon.  NXT is similar to XCR, but has 10 times the coins, and is at 6000 sats.  XCR could reach 60000 sats to be par with NXT.

If you invested non-essential funds in XCR, then you have nothing to lose by waiting, and everything to gain.  If yo invested money that you need for bills, then you are violating one of the rules of successful investing:  Never invest funds that you cannot afford to lose.

Sit back and enjoy the ride.

There will be a severe financial crisis soon, resulting in the death of many Currencies, including the Euro.  If the infrastructure for mobile money transfer with XCR is on place when that happens, then XCR will see the same kind of overnight explosion that AOL saw after Xmas 1997 when 5 million people got cheap ($800) computers for Xmas with a AOL CD Rom.



Hi.. I've been a silent yet avid reader of each post in this forum from the time IPO was in progress and fortunately managed to invest in IPO too. Needless to say there have been very interesting discussions going on here.

Litoshi, I can see you used 'soon' word in two of your recent posts which made me wonder which do you think would be sooner and any approximate timeline for that ?

The hardest part of any prediction is timing.  There are too many factors and players and agendas in the game to know the exact timing.

History does not repeat, but it does rhyme.  American Revolution, War of 1812, American Civil war, Spanish/American war of 1898, WWI, WW2 all started the same way:

First there was a currency war, then a trade war, then a shooting war.  All the above conflicts were started and ended by the banksters.  The next war is no different.  There has been a currency war going on since 2008.  Now you can see the trade war starting with Russia/EU/Ukraine/USA.  Next is the shooting war.  

American revolution started when England refused to let the American Colonies use their own bank and currency.  War ended with a treaty establishing the First bank of the United States (owned by the bankers in the City of London) with a 30 year charter.

War of 1812 started when the charter expired and was not renewed.  War ended with treaty establishing the Second Bank of the US in 1814, 30 year charter.

1834, bank charter ended, President Andrew Jackson refused to grant an extension of the charter, was nearly assassinated.

1860, US Civil war started over tariffs imposed by northern states on the cotton from the south, but northern goods were not subject to tariffs.  Banks demanded 30% interest from Pres Lincoln to fund the war.  Lincoln issued his own currency, and was rewarded with a bullet in the head.