[XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS

[doitnow]

What dev is responsible for pre-sale coin distribution? I pmed Syrenity but I don't think he's the right person for that

[S3MKi]

Funny how no one is bitching about the current (1900 sat) price of XCR.  
You are all sitting fat and happy with your pre-sale investment doubled.  

Today I sold all my crypti at 1900 because I think it will be cost less tomorrow and the day after tomorrow.(1500 or less)

[Vagnavs]

Funny how no one is bitching about the current (1900 sat) price of XCR.  
You are all sitting fat and happy with your pre-sale investment doubled.  

Today I sold all my crypti at 1900 because I think it will be cost less tomorrow and the day after tomorrow.(1500 or less)

okay good luck on your strategy. We'll see how things turn out

[SyRenity]

Question to devs. Wher are my moonies?

Please follow these steps to provide Maxmint and us with your Crypti address:
https://github.com/crypti/crypti-docs/blob/master/presale.md#step-two-1

The Maxmint investor funds will be distributed after the mainnet launch, to everyone who have contacted Maxmint and us as per the above instructions.

[doitnow]

Question to devs. Wher are my moonies?

Please follow these steps to provide Maxmint and us with your Crypti address:
https://github.com/crypti/crypti-docs/blob/master/presale.md#step-two-1

The Maxmint investor funds will be distributed after the mainnet launch, to everyone who have contacted Maxmint and us as per the above instructions.

Thanks SyRenity. I've already followed these steps.
When are you planning to launch it?

[DeadlyEskimo]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop, that would make me eligible to earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

[PilotofBTC]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop will that make me eligible to with earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

I'm sure the dev's never would have thought of a scenario like that. Thanks for breaking XCR.

[DeadlyEskimo]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop will that make me eligible to with earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

I think Crypti needs to add an additional Algorithm.

Like Proof of Prior Reward(PoPR) after your last block earning you cannot forage the next 59 Blocks. Limits a single user from skimming the transaction fees every minute to a maximum of once per hour. With the exception of Validated Merchant accounts who can still earn 50% of the fee without interferance.

[Litoshi]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop will that make me eligible to with earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

Do you think of stuff like this while waiting at the hole in the ice for a seal to surface so you can spear him?

[DeadlyEskimo]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop will that make me eligible to with earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

Do you think of stuff like this while waiting at the hole in the ice for a seal to surface so you can spear him?

Yes

[samsmith16]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop, that would make me eligible to earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

Sounds like a fools errand... your earning your own fees back?? I say if you have spear time go for it... 

[CoinHolder]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop, that would make me eligible to earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

Simply add rating in PoP only 1 time from each different Merchant account. So you will not get high rating from 1 store.

[DeadlyEskimo]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop, that would make me eligible to earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

Sounds like a fools errand... your earning your own fees back?? I say if you have spear time go for it... 

There are fees for everything in the network so if there are standard transaction fees for user to user then you would earn those also.

I'm not saying its the most profitable/ best idea but its still a vulnerability.

[DeadlyEskimo]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop, that would make me eligible to earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

Simply add rating in PoP only 1 time from each different Merchant account. So you will not get high rating from 1 store.

That could work, give an additional weight to the number of different merchants you spend XCR at. This should have a higher weight than just a single large expenditure at any one merchant.

[GreXX]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop will that make me eligible to with earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

I think Crypti needs to add an additional Algorithm.

Like Proof of Prior Reward(PoPR) after your last block earning you cannot forage the next 59 Blocks. Limits a single user from skimming the transaction fees every minute to a maximum of once per hour. With the exception of Validated Merchant accounts who can still earn 50% of the fee without interferance.

Weight is reset based on the last block earned. It would be almost impossible for you to maintain enough of the currency to self purchase enough items in a given block in order to outweigh every single PoT based node on the network, especially when coupled with their purchases as well. On top of that, a small random aspect exists to ensure that the system can't be completely gamed even if you did somehow manage to own 85% of all Crypti in circulation. On top of that, you would then still lose your transaction fees because you would actually be forging the next block after the one in which you were spending.

[GreXX]

Can I use Crypti's Custom block chain to create an app that allows cloud storage on my own custom blockchain similar to having the entire Storj idea within an App within Crypti?

This would be a possibility, yes.

Nice!

I'm not sure you anyone saw this http://Cryptiv.com crypto tipping platform with the Ͼ symbol.. may be  something to look in to as well..

http://youtu.be/qjgaPGR1R1Y

Maybe we can hire them to add Crypti to their tipping service and then convince them to make some Crypti Apps! (P.S. had not seen this before)

[GreXX]

Can I use Crypti's Custom block chain to create an app that allows cloud storage on my own custom blockchain similar to having the entire Storj idea within an App within Crypti?

This would be a possibility, yes.

Nice!

You can use the blockchain to create a blockchain for a coin like SJCX, but you can't create something like the Storj platform on Crytpi. You can use a custom bockchain to store things, but if you want to store things like what Storj is going for then you be held down by blockchain bloat. In other words, creating the coin aspect of Storj (i.e Storjcoin X (SJCX)) is possible but the rest of our platform is not - there is a lot more to Storj than its coin.

Actually this is not 100% technically true and after our custom blockchain technology, app store, and other features are announced and completed (which will take time, mind you) it would be possible. If you are part of the Storj team, we would actually like to talk to you but were trying to finish launch before approaching some partners.  

Let me add for clarifications sake that I say not 100% technically true because he is correct in that you would still have to duplicate all of their software for distributed storage, in this case being DriveShare and MetaDisk. I don't know if you have seen their software but it would not be an easy task!

[DeadlyEskimo]

@GreXX - When is the PoT weight reset? or are both PoT and PoP reset every block?

[DeadlyEskimo]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop will that make me eligible to with earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

I think Crypti needs to add an additional Algorithm.

Like Proof of Prior Reward(PoPR) after your last block earning you cannot forage the next 59 Blocks. Limits a single user from skimming the transaction fees every minute to a maximum of once per hour. With the exception of Validated Merchant accounts who can still earn 50% of the fee without interferance.

Weight is reset based on the last block earned. It would be almost impossible for you to maintain enough of the currency to self purchase enough items in a given block in order to outweigh every single PoT based node on the network, especially when coupled with their purchases as well. On top of that, a small random aspect exists to ensure that the system can't be completely gamed even if you did somehow manage to own 85% of all Crypti in circulation. On top of that, you would then still lose your transaction fees because you would actually be forging the next block after the one in which you were spending.

If I'm running a Node then I will be on par with everyone else running a Node and have the same weight in PoT so to earn the block all I have to do is have the highest weight from PoP correct?

**Edit**

I think I found the answer in the whitepaper.

"So, to sum up PoT, you run your wallet, which runs a node for us on the network, which awards you a cumulative weight until you earn a block reward, at which point it resets"

[GreXX]

Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop will that make me eligible to with earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

I think Crypti needs to add an additional Algorithm.

Like Proof of Prior Reward(PoPR) after your last block earning you cannot forage the next 59 Blocks. Limits a single user from skimming the transaction fees every minute to a maximum of once per hour. With the exception of Validated Merchant accounts who can still earn 50% of the fee without interferance.

Weight is reset based on the last block earned. It would be almost impossible for you to maintain enough of the currency to self purchase enough items in a given block in order to outweigh every single PoT based node on the network, especially when coupled with their purchases as well. On top of that, a small random aspect exists to ensure that the system can't be completely gamed even if you did somehow manage to own 85% of all Crypti in circulation. On top of that, you would then still lose your transaction fees because you would actually be forging the next block after the one in which you were spending.

If I'm running a Node then I will be on par with everyone else running a Node and have the same weight in PoT so to earn the block all I have to do is have the highest weight from PoP correct?

**Edit**

I think I found the answer in the whitepaper.

"So, to sum up PoT, you run your wallet, which runs a node for us on the network, which awards you a cumulative weight until you earn a block reward, at which point it resets"

Correct, it is based of of your last forged block. So in essence, your weight resets, the other 3000 or 10,000 nodes that are running, do not.