Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 206. (Read 804701 times)

Are you saying that practice of buying back shares of real companies in real world is "counter-intuitive to the IPO"? 
Are you saying 650BTC (=750-100) is not enough to "pay for work to be done on Crypti, such as design work etc"? 
Do you understand that buying 100BTC Crypti at half ipo price and selling them on ipo price will bring devs new 100BTC? 
Or may be you do not think that Crypti price will ever reach ipo level again?

Because quite simply that would be using up valuable IPO funds, which are needed to help Crypti achieve its goals. Putting up a huge buying wall would be counter-intuitive to the IPO. There's no point if the devs own 2x the amount of XCR, when there's no liquidity in the market that they can sell into (which they need to). Remember the devs have to convert their IPO holdings to USD to pay for work to be done on Crypti, such as design work etc.

Although, that's not a terrible idea. I'll just be patient and wait for the team to deliver. If the team delivers, the price should appreciate modestly.. I don't know what all the panicking is about.. I guess people want a solution NOW. I'll just continue to hold, whether that makes be smart or dumb. We won't know for some time..
Regards,
Brian

A wall was proposed long ago, but with Bter's troubles, it was discarded.

The BTC is not at Bter.  It was withdrawn after the NXT attack and placed in CoinBase and Xapo, because they are insured there.

To buy XCR on Cryptsy cant be done, because they have not updated the wallet. 

XCR will become more alive shortly when we start the script that transfers XCR automatically so forgers earn 1 XCR each forge.

Why not devs to place a huge 50 or 100 BTC buying wall at half of ipo price and let all panic dumpers sell?
And when Crypti will became more alive and promoted devs can sell again on ipo price.

because there are 100 million coins, 99,900,000 of those are being held and are not for sale.  Only 100,000 are up for sale.  Thats 1/10th of 1% of all the coins.

So, the market is small, and those that decide to sell are selling at any price because they see low prices.  If you look carefully, you will see that only about 1BTC value is traded each day. 

oh my god,why the price very low???

Use all my btc left in bter to buy cheap xcr.

yeah, the orderbook for crypti is extremely thin atm, 2 BTC dump atm would take crypti to 130 satoshi's. it's even worse when i realize that without my walls it would be even less :S. there's cheap crypti to be bought though

The amount of XCR sold is actually very small.  There was not much on Bter for sale.  Only 1.3 BTC traded t drop the price so low.

That is common in small markets.  Good time to buy.

It was not the devs... I know where the XCR is, and it is not on Bter anymore.

A 1 BTC buy can bring the price to 660.  A 1.3 BTC buy (the amount dumped) brings the market to 758.

Again, small markets show huge swings due to low trade volume

lol Go to zero Wow

We need to check Dev Crypti account,I doubt whether dev is dumping.Or it is impossible I think.

this coin does not dead yet

Just few traders playing.
Most of the bag-holders are sleeping and go for holiday.

The PoT problem has been put on a fast track at extra expense to our budget.  We cannot release it half done, so it will be released when it is fully tested. 

What more can I promise?  Free Cryptoshis? 

Can somebody tell me where we were at?


How long does it take you to find a solution?A month will be enough?

So what you are proposing is that the forging would still be randomly assigned, but the fees would be divided among all the nodes online at the time?

What Mal has proposed has given me an idea on solving the PoT problem. I have never liked the lottery aspect of Bitcoin mining since it encourages the consolidation of mining into mining pools. Joining a mining pool lets the participant earn a steady return instead of hoping to eventually win a block reward.

With Crypti, I would rather see all nodes, or those meeting a minimum threshold of uptime, divide all of the forger portion of fees as they come in. This would eliminate the windfall a node receives if it happens to forge a block containing a large total of fees while other blocks pay less by simply distributing a portion of the fees to each node in proportion to its weight determined by PoT and PoP. This would work as a consensus system to confirm transactions as they come in. It simplifies things a lot by not needing to sort or compare weights from nodes to determine the winner of the next block.

This would maintain the decentralized architecture of Crypti, eliminate the lottery aspect, and improve network performance.

The proposed plan to attack other projects using legal means is a non-starter for me as it goes completely against my ethics. I go out of my way to avoid doing business with companies and professions which receive protectionist mercantile privilege or use the legal system to thwart competition and force people to do business with them.

As far as an update on the web design, Christine and I are working on it. We most likely will not post anything until it is all complete (as we won't receive final versions of materials until the full contract is complete and paid), but I'll consider posting some sneak peeks as we go.

Whew... lot of great conversation here since I logged off for the night.

Let me start off by stating definitively that we will be expending NO energy starting a war with Bitcoin at this time or anywhere in the near future. As I mentioned before, we don't see Bitcoin as an enemy, but a partner in attempting to change the landscape and take the power away from the banks, credit companies, and traditional financial system.

What Mal is suggesting may be attempted by someone (Mal or otherwise, i.e. Ripple) and needs to be taken into consideration. We want to ensure that Crypti is as strong as possible from a legal standpoint from the ground up. In developing our PoT formula and system, we were attempting to take this into consideration and I had actually thought through this very scenario (and it's why I am so averse to the current solution). We specifically designed the PoT system to NOT be random and to reward based on input and work provided. In essence, work in, hit a threshold, payment out.

My long term worry, and one I am still working out, is the possibility that someone will declare forgers as employees due to the nature of the system. That is a completely separate possible headache that I am trying to figure out the logistics of. We will continue to consider all possible legal ramifications of our system and that of the crypto currency landscape and prepare Crypti to have answers were any of them to become issues.

What Mal says does however prove that we need to be prepared and have contingencies for these types of inevitable possibilities and legal maneuvers by competitors and people like the current financial industry that have very expensive lawyers and never ending resources. Were they at some point to see us as a true threat, you better believe we would see the weight of it all.

So back to Crypti.

One of the goals of crypto currencies in general was to create a financial system that could not be controlled by anyone. This was our goal as well and centralization is not something we favor or want to implement. As a last resort plan DEF, sure, we would consider it, but it is not very high on our list of possibilities.

As mentioned previously, we continue to strive to develop the system that we said we would. We have no plans to adjust course until we can definitively say that what we intend is just 100% not possible (which you may never convince me of that). As far as we are concerned, nothing has changed from the initial direction we laid out on day 1. This is still our driving force and is the system we are building.

I think you are confusing ASSUMPTION with Presumption:


 From Wiki:

There are two types of presumption: rebuttable presumption and conclusive presumption. An example of presumption without basic facts is presumption of innocence.[5]

An example of presumption with basic facts is Declared death in absentia, e.g., the law says if a person has been missing for seven years or more (basic fact), that person is presumed dead


I question Mal's conclusions, not his thought train.  As above, a seven year missing person is presumed dead, which allows legal issues to be settled, but it does not then end the physical life of the person if he/she were in hiding or kept in the basement as a sex slave by the local creep.