Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 20. (Read 804688 times)

Anyhow, unless core Crypti dev backs up your words, you're just another luying asshole. And that kind of people they have in lisk team? It doesn't say any good about the future of that project. I would choose people more carefully if I was them.

I read the chat. You still suck the info out of your own finger. The fact that Crypti devs is communicating with Lisk devs doesn't mean that Crypti is relaunching under Lisk name.

You are out-of-date with your info... read the CHAT between devs of LISK and XCR that was posted. The teams are integrating on some level. Things are not as clear as you think they are at this stage.

Are you a politician? I have no problem with Lisk and going to invest some money too, but it's a separate project that has nothing to do with Crypti or Crypti developers except the fact that it's based on the source code created by Crypti devs. And those who launches Lisk are not even from the original Crypti team. So stop telling bullshit, okay?

Guess it's a matter of terminology. The point is that Lisk is being launched with the full support of the founders of Crypti and its developers, and we encourage people, including Crypti community members and holders of XCR, to participate in it.

bitseedmike is actually telling lies. Crypti isn' being relaunched in any ways. There are two guys who are going to fork Crypti, that's all. If two guys from Nxt would fork Nxt it doesn't mean that Nxt is being relaunched.

Thank you, guys.

The Foundation does have the resources to replace the delegates which are currently being run by former Foundation members and operate them for 6 months. Since the network is still operational, we are still in the process of grooming delegates to move as many reliable community run delegates into operation.

The project is being relaunched with an ICO as a new delegated proof of stake coin, Lisk, based on the existing crypti code. The new coin will have some increase in supply to reward delegate forging node operators. The additional increases in supply will be reduced as value of the coin increases. The ICO funds of BTC and ETH will be used to fund continued development of the platform, market it, and create distributed applications based on the platform. The details are at https://blog.lisk.io/the-lisk-roadmap-9e854719e792#.d14dbprp2. Existing XCR holders may convert to Lisk at an exchange rate of 1300 sats. This is very similar to the ICO of Iota with holders of Jinn able to convert into Iota.

Insider mutiny - two from within split and will fork the network in a new ICO. XCR crew now with zero funds and no ability to raise more money.

*add to this that 30% of the delegates on the DPOS are now being taken down (because they were all being ran by one of the two dissenters who are leaving)

Could anyone give a brief description of the current situation in Crypti? Like 2-3 phrases.

That happened to me once in grade school. The teacher gave us a description and asked us to draw a picture of it. I was the only one in the class who figured out what she was really describing. A friend next to me asked me what I was drawing since it didn't look at all like anything anyone else was drawing, and I told him. He quickly revised his drawing and got called on first to present, and got credit for figuring out the right answer. It's just a risk one takes about being open with one's ideas and work.

Dump all you want. 750,000 XCR is only a few days of current volume. It is better for you to set the price at what you want for it and wait for it to sell than to dump it all at once into the buy wall. If you decide not to convert it into Lisk, someone else who does want to participate in Lisk can use it to enter at a good discount. If you sell at 1000 sats, you will be making 25% above pre-sale price in BTC, and the person buying it will getting about a 15% discount off of the first week ICO price of Lisk in BTC.

kennyp, suppose you are a rapper or comedian.  You rehearse your act for months, maybe a year, and even perform it in front of other rappers/comedians for feedback.  Then you get a gig on a TV show.  However, the act that goes on just before you, having heard it from you at rehearsal, now performs your act. 

How would you feel? 

Do you think that the thief deserves the respect of the public?

The "volume" I'm selling is almost 1% of the entire supply. It's 25% of the supply on the exchanges at the moment.

I'm hoping not to dump to an exchange to spare you guys.

I suggest putting it on Polo at the price you want. Given the volume and current market conditions, you will probably be able to sell it fairly quickly. I strongly advise against doing direct transactions without escrow with people you don't know. I got burned myself trying to buy NXT - fortunately only lost .1 BTC since I had the supposed seller agreed to split the deal into multiple transactions. The same scammer had been working Mastercoin as well.

Since you are so optimistic, buy my stake... 750k = 7 BTC.

Thanks,

New funding rounds are common with startups. It is better to have some dilution than to lose the investment entirely. I did propose the sharedrop for the reasons mentioned above, so XCR would not be diluted per the original agreement with founders and also have a significant stake in the new project. Max and Olivier were not founders, but investors who were active in the community, putting a lot of work into the project, and joined the foundation. As such, they are not bound to the original agreement not to dilute investment. Since they did not inform the rest of the Foundation of their intent to relaunch a new coin based on Crypti, there was no collusion between them and founding members to create the new coin.

Lisk offers existing XCR holders the options of a fair stake in the relaunch as Lisk or an exit at a price which is still above the pre-sale price of XCR in terms of BTC, assuming market conditions hold and there is sufficient interest in Lisk to absorb the volume of those who chose to exit.

As kennyP has observed, it would not make sense to spread resources over two similar projects, so Foundation Members are encouraging people who want to see Crypti continue to participate in Lisk. The Foundation cannot continue to develop Crypti or base projects on it which would increase its value after advising them to switch to Lisk. We will maintain Crypti to support the transition to Lisk and fulfill our commitment to deliver the product as promised, and Crypti is still available to those who want to continue to work with it with undiluted, non-inflationary XCR and merge Lisk development back into Crypti.

A major factor in why these moves were necessary was the timing of the BTC price drop. It had a 15% price drop while funds were in escrow after the pre-sale, and continued to drop afterwards to a low of about 30% of pre-sale BTC price where it stayed over about 6 months of the development period. This cost a full year of development budget and eliminated the marketing budget as well. The relaunch with Lisk can allow the project to recover from this and create its niche as a dapp platform optimized for IoT and computationally intense applications.

The statement that there is no XCR/LISK community is false. We had a steady and slowly increasing stream of people joining the Crypti community on a daily basis prior to the announcement of Lisk, a steadily increasing healthy volume of trading with an upward trending price in the markets, and now, continued growing activity in the Lisk ICO ANN thread.

Also, Lisk is not just a clone of Crypti. It is adding delegate rewards to encourage greater community participation to operate nodes, and adding other features described in their roadmap.

There are three possible outcomes of the Lisk ICO, all of which have potential advantages to investors:

1. The Lisk ICO completely fails to raise any BTC or ETH, and only receives XCR. This means no dilution for XCR holders and is similar to the plan originally proposed by Max and Olivier to the rest of the Foundation to assume responsibility for Crypti. The project would also have less chance of success with no budget.

2. The Lisk ICO raises around 800 BTC and all XCR is converted to Lisk. This results in XCR holders having a 50% dilution and is equivalent to the relaunch plan I proposed to the Foundation, but without the sharedrop to preserve the original undiluted Crypti as an option. This gives existing investors a good stake in the new project and a healthy budget to work with to achieve success so investors are more likely to see a return than wit the first option.

3. The Lisk ICO is wildly successful and raises thousands of BTC. This results in XCR holders having a lot more dilution but also gives them a significant stake in a very high visibility project with plenty of bank to make a lot of noise, lots of development, and carve out its niche in a very competitive marketplace.

Why make a second clone and dilute your resources?

Why not hand over  day-to-day control of XCR to the enthusiastic LISK guys?

Having two under-resourced projects isn't better, it's bloody madness!!!

You have hit the nail on the head........ The Crypti team was discussing a new fund raiser or crowdfunding effort to fund the development of the DAPPs.  A plan was in progress, and a roadmap written.  It is identical to the LISK roadmap..... coincidence?

Max decided that he wanted to handle and control the money, so he began his own secret coin effort months ago with Oliver.  Once Max announced his forked coin, it made it impossible for the XCR team to raise funds.  I am sure that Max will pay himself well for his expertise in community relations for LISK, while Oliver writes all the code.

The Crypti foundation is running on Satoshi vapor, the devs have drifted into other projects.  The team has been in short-timer mode for months.  The betrayal of Max and Oliver was the final shot that convinced the team to surrender and go away.

I suggest you trade your 750K XCR for 750K LISK, then dump it on the exchange as soon as it is possible.