Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 129. (Read 804678 times)

While I agree with you in that I don't like the 0.5% fee (It's great for micro payments, but bigger transactions costs too much, there should be a cap), transaction fees exist to prevent, minimize spam. With no fee the blockchain can be flooded with no cost and it can grow huge in no time.

Sorry, but with 0 fees you will soon have a blockchain size of several terabytes, as we don't have spam countermeasures. An Odroid can't run this.

We will of course cross-post everything to a BTT thread.

I absolutely agree with it. Separate forum is great for development and discussing specific topics, but Bitcointalk has thousands of active users. I open Crypti/Qora/Sim threads and see all news within 5 minutes. I'd never open 3 different forums just to catch up.

I would like to see the Crypti usage fee set at 0.0% starting with 0.2.0.  This is doable.  WE SHOULD DO IT.

The REAL reason 0.5% has been picked is the belief that "0.5% is low enough that Crypti users will accept it", NOT "We the devs have an analysis showing 0.5% will cover estimated monthly node costs".  Currently no such cost analysis has been presented by anybody.  Yet estimated out-of-pocket monthly costs should be a primary factor in everybody's decision on whether or not to run a node as a Crypti Delegate.

There are three main costs for a Delegate to run a node:  hardware costs, electricity costs, and bandwidth costs.

Hardware:  A Crypti node can run on a ODROID-C1 (see http://www.hardkernel.com/main/products/prdt_info.php ) costing $35 for the CPU board, say another $25 for the power supply, memory card, etc.  That's $60 total hardware cost, amortized over a year of operation at $5 per month.    

Electricity:  A C1 runs at 10W max.  There's 30*24 = 720 hours per month.  These boards burn (10*720) / 1000 = 7.2 KWh per month.  At $0.15 per KWh total electricity cost is 7.2 * 0.15 = $1.1 per month.

Bandwidth: There's a lot of ways to estimate bandwidth costs.  I would say for the people who become Crypti Delegates, the INCREMENTAL bandwidth cost is zero.  They already have an internet connection they are paying for which they are not giving up if they don't become a Delegate, and to which they could easily link and add a ODROID-C1.   I know; I have a C1 node running an NXT client sitting quietly beside me right now as I type this.  I could easily do the same for a Crypti 0.2.0 node at minimal personal expense.

So...just what "expenses" is a Crypti Delegate trying to recover by tapping into a 0.5% user fee?  $60 bucks for an ODROID-C1?  A buck a month for power?  His internet service fee that he's going to pay no matter what so he can keep surfing the web?

Imposing a 0.5% user fee for such petty expenses is not necessary and it is not dreaming big.

Dreaming big is finding 101 Crypti users who will go out and buy with their own money a $60 C1 to run a Crypti node, and so become a part of the first cryptocurrency to charge ZERO USAGE FEES.  The value of their 10K+ Crypti will SKYROCKET because USERS WILL FLOCK TO ADOPT THE FIRST CRYPTOCURRENCY THAT CHARGES ZERO FEES.

The advertising value alone of being able to make such a claim for Crypti would be WELL worth any relatively minor out-of-pocket expenses incurred by the Delegates.

I hereby volunteer to run one or more C1 Crypti nodes as a Delegate and pay for their expense out of my own pocket forever IF the 0.2.0 user fee is set to 0.0% forever.

I solicit your vote with that as my promise.

I am looking for up to 100 others to join me in this pledge.

Will you please join me?  Will you HELP MAKE CRYPTI THE FIRST CRYPTOCURRENCY THAT CHARGES ZERO FEES?

I really like it, my coins feel extremely secure and yet I can access them from literally anywhere that has internet using the crypti web wallet and all I have to do is remember two long and unique phrases.

Hey Tobo,

The idea is redundant security. The first pass-phrase acts as your account password while the second pass-phrase, if activated, is required to do any form of transaction from that account. This way, if someone were to somehow guess, brute-force, or reverse engineer your account password, they would still have to figure out an entirely separate password to do anything with your funds. It's just an added level of security to ensure that your coins stay safely where they should be!

Your first passphrase is used to generate the private key which then hashes into your account number.  Same as the present nodes do.  The second passphrase is optional, but recommended to secure your XCR further. 

The phrases can be as long as 100 characters.  As with other things, the longer the better.

When logging in the client, I see the Add second passphrase option next to the account number. Why and when do I need the second passphrase? Do I need a very long word for the second passphrase as well?

The fee is higher initially to create an incentive for people to go through the expense and work of setting up and running delegates during the initial phase of lower transaction volume. The plan is to go to a fee which dynamically adjusts based on activity, so as volume increases, the fee decreases.

I fully understand the issue with transaction fees. It is a big problem I have with credit and debit cards and other payment processors. Since many of the recipients of funds turn around and use the funds to buy inventory and pay expenses using the same payment systems with similar fees, which is yet again recursively spent and more fees paid paying still more people and businesses, it adds up to a huge parasitic overhead on the economy. A major goal of the crypto currency movement is to eliminate this type of burden on productive people.

GreXX was saying that we are stil in the ANNOUNCEMENT section of BTT.  If we maintain a thread here, it should be in the "grown up" section.

One drawback for using BTT, is that several of the Crypti devs did not check the blog unless we pointed out something needing their attention.  Mostly it was GreXX, Max, and I posting here. 

We have had our own blog, but it got spammed by professional robo-spammers.  We have a better one now.  The devs, like Boris, Stas, Seb, Pavels 1 &2, promise to read and post there.  Also it has our real pics there.  I am the handsome one.

guys, please consider keeping this thread alive and well.

BCT sucks, but its the center of the altcoin universe. 

i think XCR risks losing a lot of attention if you move away.

are there any coins that have successfully done so?

not just page 500, but we are coming up to post #10,000

Mal, this has already been discussed. After the launch we will be transitioning out of this particular ular thread as we don't think this is the right Board for Crypti at this point. We might do another btt thread in a different sub forum but will be attempting to transition the majority of conversations and announcements to the blog and forum. We needed to keep this open until a certain point but I think we will be building enough buzz outside of this Avenue very soon.

First member registered!  To da moon for us all!

Let me make a suggestion from my NXT days.  When the NXT forums started, we put a notice on the Bitcointalk page that we had migrated to our own new board, displayed the link to it in the last post with big bold letters like

MOVED TO:

http://forum.crypti.me

and the thread moderator closed the Bitcointalk thread to further posts.  This forced migration to the new board.

Page 500 is coming up on this Bitcointalk thread.  Perhaps we could set a goal / deadline to make the switch on that page?

Crypti Forum online again

Hello guys,

pieces are coming together bit by bit and today I can announce you the release of our official Crypti forum. The old forum have been attacked by hundreds of bots every day and we needed to delete so many posts all the time. After that we encountered a database failure, which resulted in a complete loss of all previous forum data. ( Good that there were not many posts   )

Therefore we went a different path for our new forum; another forum software, another domain and a new style. Even through we will link the old forum domains cryptitalk.org and cryptitalk.com to the new one in a few days, the official address will be forum.crypti.me from now on. I think it further expands our ecosystem quite well.

We will see how it goes with the spam now. If it occurs again, we will raise the security measures step-by-step. The links on Crypti.me will be changed shortly. HTTPS will come as well soon.


I hope that you all register and that the discussions will shift to our forum in the future. As you see all the different things are getting under in this long thread. (e.g. Wulfcastles great chat, karmacomas great network monitor, our v0.2.0 beta test our roadmap)

We will copy over different posts to the new forum in the coming days, in the future we will also cross-post everything important into this thread and our forum.


You can get to the new forum with the following link:

http://forum.crypti.me


Greetings
The Crypti Team

Thank you all for your good words. We really want to make Crypti something BIG!

I like idea of 10% for Foundation, cause it makes sense for Crypti team to develop system in future years, may be even in 2016 and 2017 years.

I'm with you guys from august 2014, but today is the first day when I belive (really) in 1$ for 1 XCR. Damn, why not?

The Crypti team separates itself from most other projects because you guys are open minded, intelligent and care about the long term future.
I want you to know its appreciated and to keep it going that direction.

Just a reminder that bitcoin miner fee is .0001 of a btc. 1 Nxt is all the fee there is for any transaction of any size.
Crypti is in heavy competition with all coins. So .5% looks huge in comparison. At first glance that may be a bad thing.
But I can also start to see it as differentiating itself from the other coins too.
The flat % fee looks more commercial. Like a marriage between old school finance and new school decentralized currency.

Just throwing that thought in fwiw.

At the beginning of a round, delegates are randomly assigned blocks and the order will be different each round. If you don't respond for the block assigned to your delegate in that round, you are essentially out for that round. You cannot come back online and sign a different block and be counted for that round.