[ANN][CRAIG] CraigsCoin | CLASSIFIED ADS ON BLOCKCHAIN 5+ POD BITTREX, CRYPTSY

[MineralsPR]

Looks like a very interesting project
Al tho bittrex ico page lacks information. Seems like its the first time they are doing this kind of ICO

I had updated OP and posted current CRAIG/BTC exchange rate. Please note it will dynamically change based on how much BTCs invested in ICO.

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[dinurp]

Sorry but how i invest into CraigsCoin when someone selling on Bittrex 9992 Coin with 1BTC each 

[MineralsPR]

Sorry but how i invest into CraigsCoin when someone selling on Bittrex 9992 Coin with 1BTC each 

This is exactly how you invest in it. Bittrex posted single sell order for 9999 with initial price 1BTC/1CRAIGS, after ICO ends exchange rate will be adjested and you will receive amound of CRAIGs in proportion to how much you invested. YOu can see current exchange rate in the op. Basically to invest you need to buy as much as you desire from that single sell order available. Don't worry - you will not receive 1 Craig per 1 BTC.

[dinurp]

Nice, thank you for this. I have a newb question, ex i buy 1 BTC atm price is 0.00000025 like the OP, and after ICO end with 1000 BTC invested, then with 1 BTC invested i will get 30,000 CRAIG? btw what will affect the price late ? sorry because my english is bad, hope u understand 

[MineralsPR]

Nice, thank you for this. I have a newb question, ex i buy 1 BTC atm price is 0.00000025 like the OP, and after ICO end with 1000 BTC invested, then with 1 BTC invested i will get 30,000 CRAIG? btw what will affect the price late ? sorry because my english is bad, hope u understand 

NP I understand - not a native English speaker myself.

Lets look at it like that: Imagine nobody is interested in this coin and only one person decided to invest 1 BTC. When ICO ends this person will receive all 30 minnions coins for 1 BTC. Price per CRAIG will be very small.
Now if 2 persons will be interested and 1 of them will invest 1 BTC and the other one 2 BTCs. After the ICO first one will receive 10 Millions and the second will get 20 Millions (because he invested twice as much). The price per CRAIG in this example will be 3 times bigger than in previous. THerefore we have simplest linear dependency:

More people invest - higher the price of the coin. If people invest 2 times more - price will be up 2 times. If you will invest twice as much - your share of the CRAIGs will be twice as bigger.

[dinurp]

Nice, thank you for this. I have a newb question, ex i buy 1 BTC atm price is 0.00000025 like the OP, and after ICO end with 1000 BTC invested, then with 1 BTC invested i will get 30,000 CRAIG? btw what will affect the price late ? sorry because my english is bad, hope u understand  

NP I understand - not a native English speaker myself.

Lets look at it like that: Imagine nobody is interested in this coin and only one person decided to invest 1 BTC. When ICO ends this person will receive all 30 minnions coins for 1 BTC. Price per CRAIG will be very small.
Now if 2 persons will be interested and 1 of them will invest 1 BTC and the other one 2 BTCs. After the ICO first one will receive 10 Millions and the second will get 20 Millions (because he invested twice as much). The price per CRAIG in this example will be 3 times bigger than in previous. THerefore we have simplest linear dependency:

More people invest - higher the price of the coin. If people invest 2 times more - price will be up 2 times. If you will invest twice as much - your share of the CRAIGs will be twice as bigger.

Thank you, i understand, but when ICO end, if 1000 BTC is invested, and invester get 30,000 CRAIG for each BTC they bought, that mean price will be 0.00003333, its highest price for CRAIG after ICO (ofcourse we all have this price after invest) , and what will raise CRAIG 's price  

[MineralsPR]

Nice, thank you for this. I have a newb question, ex i buy 1 BTC atm price is 0.00000025 like the OP, and after ICO end with 1000 BTC invested, then with 1 BTC invested i will get 30,000 CRAIG? btw what will affect the price late ? sorry because my english is bad, hope u understand  

NP I understand - not a native English speaker myself.

Lets look at it like that: Imagine nobody is interested in this coin and only one person decided to invest 1 BTC. When ICO ends this person will receive all 30 minnions coins for 1 BTC. Price per CRAIG will be very small.
Now if 2 persons will be interested and 1 of them will invest 1 BTC and the other one 2 BTCs. After the ICO first one will receive 10 Millions and the second will get 20 Millions (because he invested twice as much). The price per CRAIG in this example will be 3 times bigger than in previous. THerefore we have simplest linear dependency:

More people invest - higher the price of the coin. If people invest 2 times more - price will be up 2 times. If you will invest twice as much - your share of the CRAIGs will be twice as bigger.

Thank you, i understand, but when ICO end, if 1000 BTC is invested, and invester get 30,000 CRAIG for each BTC they bought, that mean price will be 0.00003333, its highest price for CRAIG after ICO (ofcourse we all have this price after invest) , and what will raise CRAIG 's price  

Actually current market cap during the ICO is 10 000 not 1 000. So highest price duting the ICO is 10x higher, but yes - in general you got it right (Hehe 10 000 BTC is practically impossible).
The actual trading price will be of course further adjusted by the market and how coin will be traded/developed after the ICO and it can of course grow higer.

[Thomas-s]

I think many people have reservations because of the 1 Bitcoin/Craigscoin.
Maybe Bittrex should write something like, you get your coins after the ICO.

[MineralsPR]

I think many people have reservations because of the 1 Bitcoin/Craigscoin.
Maybe Bittrex should write something there, like, you get your coins after the ICO.

There is a message from Bittrex in the OP:

Message from Bittrex:
Bittrex will be hosting the CraigsCoin ICO. As a reminder, we are providing escrow for the development team. We are not endorsing this coin or any others on our exchange. Please do your own research before trading. Below are the FULL and DEFINITIVE terms for this ICO; no other conditions are required.

* We will review the wallet before initially adding it.
* We will hold all Premine Coins - 30M. All coins will be distributed after the ICO ends successfully.
* The initial ICO market will allow traders to participate using BTC. Once the ICO has completed, the total BTC collected will determine the percentage split of the 30 million coins. For example, if 50 BTCs are raised, we will distribute 600,000 coins for every 1 BTC purchased.
* The ICO will run for 9 days starting September 12th, 2014
* If success conditions are NOT met, all BTC invested will be refunded through a buy wall.
* Once the ICO is over we will verify there is working wallet, blockchain, and block explorer.
* We will hold the funds in escrow for 3 days - at which time, we will release the funds.
* No trading of the coin will be allowed until the ICO ends and escrow is released.
* ALL SALES ARE FINAL AND THERE WILL BE NO REFUNDS - by participating in this ICO, you are agreeing to the above terms.

[sussex]

I think many people have reservations because of the 1 Bitcoin/Craigscoin.
Maybe Bittrex should write something like, you get your coins after the ICO.

If they can't work it out they shouldn't be trusted with bitcoin.

It's all perfectly obvious with two minutes reading.

[MineralsPR]

I asked Bittrex to update header on the ico page. Hopefuly it is clear now: https://bittrex.com/Market/Index?MarketName=BTC-CRAIG

[MineralsPR]

BTW If you have questions I'm frequently checking #Bittrex IRC channel - you can always* find me there for a quick chat

*- I sleep sometime.

[MineralsPR]

Ok time to sleep now. Will be back on duty in 8 hours. See you all and thanks to everyone!

[jasemoney]

you could incorporate media if you forked cryptonite which uses "mini blockchain" looks like they achieved a reasonable way to do pruning.  I know irrelevant files would be a bother but not if they got pruned form the chain after a period of time...

[SkyValeey]

Reserved

[butany]

you could incorporate media if you forked cryptonite which uses "mini blockchain" looks like they achieved a reasonable way to do pruning.  I know irrelevant files would be a bother but not if they got pruned form the chain after a period of time...

In the OP

Q. Is it possible to post pictures in the blockchain?
A. No. The limit for the AD is only 1 000 bytes. This is not enough for media. However you can post links. The reason for that is because with bigger AD size limit blockchain will very soon grow bigger that average persons hard drive just to store irrelevant media.

[kozmos]

Pawel should show his face and he should participate in a so called beauty contest e.g. via youtube and try to find investors that way and not begging for money of others!

Show his face??

lol what do you know about CryptoAsian and Proof of Developer?

YES he already showed his face and he has 5 stars PoD: http://cryptoasian.com/pavel-akimov/

[eKiTeL]

so the Craig from Craigslist is not connected, and nobody involved is named Craig?

would you really want your classified ad to last forever?  I would rather my ads self destruct as soon as possible, like Wickr messages...

on the other hand some messages you might want to last forever, like Johnny loves Betty, or whatever, some people would be into that, but then the name of the coin isn't so good for that, even PavelsCoin would have been way better, you're the sole dev, it really is your coin, people would get it

actually there could be many different coins like this with specific themes and names: eternal love, BFF, awards and achievements, etc...  things that would traditionally be commemorated with engravings and graffiti

anyway since this coin has an actual use case and proof of developer it will probably get pumped and then dumped and left to settle out at the level that the community will support

good luck!   

[AbiusGMIU]

Where does the name craig come from 

[MineralsPR]

Where does the name craig come from 

I guess I'll leave it for your Imagination