Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 164. (Read 804678 times)

Yep, any update from BTER yet?

I have my buy walls up, if they want to sell, let them do it. We still have so many reserves and we have a superb team! Crypti will make a blast this year!

I have only one question. Who the fuck sell below IPO price  ? 

.. still waiting for BTER, are they fully online again, because my coins are still in limbus.

and btw nice to see progress

Yes, I can affirm what GreXX said.......

The expenses for the first few months after the IPO were not very much in BTC value, due to the 600USD price of BTC, and the team size was still small. 

However, the team has grown and the value of BTC has gone to less than 300 USD.  Also, the recent hires are more expensive than the team members, who were working for peanuts. 

We still retain over 500BTC, enough to last thru this year at the current rate of expense. 

When we started development we worked for 6 months with no funds. We then raised the 750 BTC when BTC was at about $650. BTC is now at the $200-$300 range and widely fluctuating.

We still have the entire original team + the board nominated community members (3 people) + our QA team lead + 2 hired remote developers + we hired 1 Designer (who is no longer under contract) and are about to hire a UX designer if all goes well (for the new wallet and mobile version).

We have been very efficient with our funds usage and ensuring that when we hire remote workers / contractors that we find someone with good skill but who is also cost effective.

I believe that if BTC stays at current rates or higher, we can sustain our current budget and development team for 12+ months of additional development. This is more than enough time to complete the items we want to complete. However, if it comes down to crunch time and we are running out of funds, we all have large stakes in XCR and with the potential for long term growth in valuation, I think most of us can afford to work for free as volunteers for a considerable period of time on equity alone.

While I don't want Litoshi to get into too much numbers jargon, he can probably back me up (he manages our books and does our financial analysis).

All of that being said, hopefully BTC goes back up and we won't have to worry about it.

Yes, always practice SAFE WALLET......... Never jump into a strange wallet without protection....... and wear a wallet condom   


The web wallet is always on the proper blockchain.

No. Even through we "feel" the current Bitcoin price we are still good to go!

Is the IPO fund 750 btc run out?

It was always safe to use it.

It is true.Really wish this project a success.

is it safe to use the web wallet now?

ok thank you. DPOS is a better choice. Might as well for me to start campaigning for a position to be a delegate 

Proof of Time was abandoned when it proved to be not scalable way back.  The Node Reward Program and the present forging works on random selections. 

To satisfy my curiosity how long will you stay with the current system (proof of time). I ask this because I have been forging and with transfer to DPOS it will not be available . I have to know approximately when so that my VPS billing will cease.

Hmm, unless I am mistaken Poloniex is still frozen.

The switch to DPOS will be a major change, and as such will need to work correctly right out of the box........... no time for patches or shutdowns. 

This update will require more than the usual 48 hrs on testnet. 

It will be ready when it is thoroughly tested and bug free, and not a day sooner

Do you have ETA for DPOS-based crypti?

We are very open about the coin and it's history. We have pages and pages of trolls from the first 3 or 4 months, which you can read their comments and my responses. We also have pages and pages of trolls when our originally forging method failed and we had to scrap the entire system and start over. Those comments and our responses are still there.

We have nothing to hide and have been completely 100% open about development and very responsive to the community and their thoughts and ideas.

It was originally done as a precaution in the case that people from other coins or just really disastrously annoying trolls showed up and tried to ruin the thread. Most of the time we individually ignored them and as bitseed said, I don't even know if we have ever actually deleted a post. I know SyRenity removed one of mine once because I posted some info before I should have, but other than that we have never used moderation.

As Litoshi said, Polo is now up and running, SyRenity is still trying to get in touch with Lin from BTER to find out if they hit a snag or what might be holding them up. Boris is trying to get in touch and work with Cryptsy now that Polo is fixed to see if they need any help.