Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 125. (Read 804676 times)

Hey guys

Any update on 0.2.0's release date? I know you guys were discussing the new fee structure, have you come to a decision yet? As for the BTER situation there's currently ~ 23.7 Million XCR left there in both cold and hot wallets. Is all that's left to decide on the new fee structure before launching 0.2.0?

Once you create an account by entering your passphrase, it exists in the blockchain.  

The old block chain will be snap shot and used to make the new block chain.

IF you are able to do anything on the old chain after the snap shot, which may be impossible, it will not be part of the new bc.

Since the block chain is being replaced by a new genesis block chain, all 0.2 nodes, and delegates will have to download the new blockchain to function.

There will be a lag time between old and new chains.  Could be as much as 4 hrs.   I hope Tobo does not get all shaky and go into Crypti-withdrawal Syndrome.

The creation of your account happens in your mind the instant when you secretly decide upon your (35+ RANDOM character minimum size!) password.  In a brainwallet system like NXT or Crypti, the password IS the account. The blockchain is about publicly documenting your account's activities and technically has nothing to do with its creation.

Use Awesome Password Generator : http://code.google.com/p/awesome-password-generator/

If I create an account before the blockchain is completely downloaded to my computer, will this account still be a valid account?

all of your support through the last

What else could it be? 
DPoS is politically corrupt in its definition as any other voting system. It is uncompatible with cryptoanarchy.

Wow! You are right. What a great ARB opportunity.

It's interesting people bought it up to 1950 on poloniex when there is more than 15 btc worth for sale below that on bter.

This whale really likes Crypti
He bought around 2 btc of my coins. Now that my initial investment is out.. I am in for the long haul!

GO CRYPTI!

LOL. A 1 BTC purchase of 70K Crypti on Polo bumps our price up 40% at www.coinmarketcap.com and suddenly even the Albanians are checking this thread to see what is going on.

Yes.  Crypti could corner the Albanian organ harvesting & human trafficking market.   $1 Crypti here we come!  

  And a chocoholic!

https://www.google.com/search?q=chocoholic&num=100&source=lnms&tbm=isch&sa=X&ei=c44gVdSTA8ajsAXnhYDADg&ved=0CAgQ_AUoAg&biw=1600&bih=1114

Just for reference for anyone who might be waiting for news, we voted last week to move our weekly meetings from Saturday to Sunday to try and make it easier as most members tended to have family functions on Saturdays on a more regular basis.

You are a real party animal Mal!!

For the record I've got a sizable amount of Crypti but not as much as 5.4M.  I'm not 584C, 728C or 952C.

I will be very very happy when 1 XCR = $1.   On that day I will quit my job and go get a ice cream sundae to celebrate.

I was guessing one of those wallets was yours (maybe 728C).....

Um, 271C is definitely the Bter hot wallet, which is getting fed from the 718C Bter cold wallet.    Click on the 718C page, it only feeds 271C.  Polo was previously IDed as 888C.  The Crypti Foundation account was previously IDed as 847C.  Accounts 584C, 728C and 952C are apparently individual users that are currently transferring Crypti off of Bter via the Bter hot wallet into their own personal accounts.  I think the Cryptsy wallet ID is still unknown and apparently holds at most 1.65M (account 980C, last active six months ago?).

Top Accounts: http://cryptichain.me/topAccounts

Top 7 accounts currently hold roughly 60% of all Crypti:

Bter Cold wallet:  http://cryptichain.me/address/983470101446368718C (currently holding 23M or 23% of total)

Bter Hot Wallet:    http://cryptichain.me/address/6746720336938643271C (currently holding 3M or 3% of total)

Poloniex Wallet:  http://cryptichain.me/address/1064014217195323888C (currently holding 3M or 3% of total)

Crypti Foundation Wallet:  http://live.crypti.me/address/15292791051968645847C (currently holding 12M or 12% of total)

Unknown owner "whale" personal accounts 584C, 728C and 952C with 17M total between them (17% of total)

Good input, thanks.  A few quick responses:

<The goal for me would be for a delegate to break even at a minimum...Right now I think the network would run a baseline cloud server that would run roughly $5-$10 per month.... >

Agree.  Prior to DPoS going live, I would urge you guys to put out a PDF that discusses in checklist detail how to establish a plain vanilla Crypti node at your preferred cloud server vendor and the estimated cost of doing so.  Even if you don't enforce a uniform hardware / software node setup policy, you should at least document your ideal baseline that potential Delegates could copy if they wish.  

<... My goal isn't to make delegates rich or have someone start from 0 XCR and become a Cryptillionaire by running a delegate.... >

Totally agree.  Being a Crypti delegate should be seen as a public service gig, not a boondoggle.  

<...So DDoS issues from spam I don't think are the issue. The real issue is just over-bloating the BC... >

Agree.  Blockchain bloat / pruning is the key factor needed for long-term survival of a cryptocoin and (I think) nobody has demonstrated this yet.  Being the first to do so would give Crypti a HUGE boost.

<...avoid adding a zero block to the blockchain if there is no transaction activity for a given time, this reducing blockchain bloat...I have discussed this in depth with Boris and he does not believe it is safe to implement a feature like this....right now we have very important core features to implement that I think are a higher priority. >

I certainly am not going to second guess Boris and I understand you've got priorities way beyond implementing this right now.  However, as an outsider, it just seems like a DPoS system is ideal for this method of reducing blockchain bloat.  A rogue Delegate can create a rogue block at any time.  Surely it is somehow up to the oversight and agreement of the majority of the remaining Delegates to prevent a rogue block from causing a fork.   I don't see how a DPoS system can successfully prevent a rogue block from causing a fork during nominal continuous link forging ever 30 seconds and yet not prevent a rogue block from causing a fork if a "no block during dead time" algorithm were added to the current system and agreed to by all Delegates.   Looks like the logic would be cut-and-paste identical.   But I'm no programmer and I guess that's another topic for another day.

<....temporarily halt forging when the blockchain hits a certain length and forge a new Genesis block that is cryptographically signed as valid by a large majority of Delegates...
This is also tricky but is something we have been looking into for quite some time.>

Just don't let this admittedly hard feature fall thru the cracks while you deal with the much more important issues right now.  Ultimately this is one of the most important things Crypti could implement and would be a revolution in the cryptocoin world.  

You kinda took my statement out of context. Its doing fine was in reference to its supply.
Its supply is lower than Crypti and its safe to say bitcoin has been pretty successful.

But I do think decimal points is what keeps grandma out of crypto. But its not worth changing Crypti's supply.
Please don't do that. Like bitcoin, if Crypti is successful people will learn to deal with decimals or cryptoshis/satoshis.

@Grexx your recent posts are exactly what I wanted to hear. None of us know the "master" plan of Crypti like you guys and I just
wanted to hear the thought process of hard coding .5% which of course is very high for a normal crypto.
Crypti is not a normal crypto and you guys knew that when making the decision.
So even if it stays .5% the community should understand that the dev team who started Crypti knows things we don't

Bitcoin is a dinosaur yes, but it was the first and most trusted. So if bitcoin dies all other coins die.
Don't be naive, we need bitcoin to make it big before anybody including Crypti wants 100M-Billion dollar market cap.

The FOUNDATION is http://live.crypti.me/address/15292791051968645847C

there are other wallets that are created for special projects, like the Node Reward Program and the faucet.  You can see those other wallets in the transaction history of the FOundation wallet.