Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 296. (Read 804700 times)

How is that? The NXT theft was because someone accessed a hosting account that had the password for the Bter NXT account.
The withdraw limit is only imposed on users, nothing do with the ability to transfer out funds from a Bter crypto wallet.

You could say that the limit can protect against user account hacks, but that's what fund password and 2FA for.
Also it's no real protection as if a hackers can access your account they can just sell for other crypto with higher limit and withdraw that.

Its a safety measure to prevent the type of theft they had with NXT. 

http://cryptitalk.com/index.php/topic,81.0.html

Where do i register to become member of Crypti Foundation?

Thanks for the update!

Do you know if Bter is planning to raise the daily withdrawal limit for XCR?
100k is really low.
I'd like to transfer my coins to my own wallet, but at this rate it could take a while...

UPDATE

New Blog Post: http://blog.crypti.me/verification-windows-wallet-and-hiring/

We have updated the blog with a post covering some of the things we have mentioned here throughout the day today. We hope to have more good news in the next few days! Stay tuned!

This is the TV generation.... everything has to happen and be solved before the hour long show is over.

Unfortunately, in today's world,  everyone is focused on the short term.  Patience and long term planning aren't taught in school anymore.  

I imagine the future when 1 XCR will hit 100 000 sat and people will remeber this early days before even windows wallet out, and cry about not buying at 1500 satoshi 
So they now neeed to search job via crypti find-jobs application

I don't think the possibilities of the Crypti network and custom block chains will hit home for most until they are available and we start showing what is possible. People are ramped up about BTSX right now and other coins, but everything they do can be accomplished on top of the Crypti blockchain. Once people realize what we have done with the block chain technology, the tx fee reward system, how PoT works, and that merchants and those who support and use the network get rewarded, I think our overall vision will finally start to solidify.

We wanted to create something fundamentally different. First we had to create a new core currency and system. Next we will create the ability for anyone to build anything they want on the back of this new and fundamentally different network (including financial instruments, stock, apps, services, etc), and then we finally will support all of it with an easy method to find, support, review, and utilize the merchant system that supports merchants, vendors, and those who love Crypti alike.

Until the entire cohesive system is visible and people can touch and use it, there will be many who can't quite see the vision. For those who do get it, you know why we aren't following the daily price swings and aren't focused on the current price.

Here is my take on the SuperNet:

SuperNet is similar to an ETF.  ETF stands for Exchange Traded Funds.  ETFs are hedge funds that invest in commodities, like gold and silver, stock them in a warehouse, and sell shares on the inventory.  As the price of the commodity goes up and down, the share price rises and falls.  Additional shares are sometimes created, and the funds used to purchase more physical inventory.  Some ETFs invest in certain stocks, like airline stocks or railroad stocks.  The book value of the ETF usually reflects the divided interest in the inventory.  100million shares for $500million inventory, results in $5 per share book value.  The trading price will usually closely follow the book price.

ETFs are useful for traders that want to diversify their holdings, but do not have the time/expertise to watch the market hourly.

ETFs are also useful for traders that dont want to hold physical commodities, such as gold and silver.

Now the bad parts:

Investing in an ETF also surrenders control of the commodity to a third party.  There is no guarantee that the commodity exists, or is not hypothecated to a fourth and fifth party.  This happened in China a few weeks ago when it was discovered that hundreds of tons of gold and copper owned by a ETF did not exist.  Investors in a ETF have only a call on the ETF shares, and not on the underlying commodity.  Which brings us to the old adage:  If you can't kiss it, you dont own it.


ETFs usually control a large part of a commodity market, and when they sell or buy, they can swing the price dramatically.  Also, if there is a dump of the ETF shares, it also effects the price of the underlying commodities.

The pooled nature of the inventory tends to boost the weak commodities, at the expense of the strong commodities.

ETFs also charge MANAGEMENT FEES.  This is how they make their money.  The fees are paid by a reduction in the inventory of the backing commodity.  So every Quarter, there will be 1% or so less inventory for the same number of shares, reducing the street value and thus the trading price.


So what is the purpose of SuperNet?  

Follow the Money and you will figure it out.

Being on supernetwork doesn't change the fact you're still tagged as a second hand crypto anyway. Just another trick for a short term spike.

Linux, Windows, Os X

Nvidia, Amd

Intel, Intel 

There is not a lot of room to become a mainstream giant, you need to aim at the top 3 at least, or top 1 

This is my feeling too, however I never think I'm always right. I just don't like Super Nintendo and James' delusions for Crypti. I think its an intersting idea for frankenberry coin and for NXT itself. That is my personal opinion and I absolutely can be wrong.

I think the fact our devs have not made a peep on Super Nintendo yet shows they are thinking people and know what they are doing. But perhaps someone or the devs themselves might make a good argument to be included and it'll make sense. Who knows? Not me, I can't even tie my shoes with my eyes closed.

It's not that baffling when you realize that way too many people in crypto think short-term. They've become sort of programmed for the pump/dump, immediate profits, then move to the next coin.

So in their mind, anything that can cause an immediate price hike is a good thing. It won't matter if the supernet doesn't help the coin longterm, or perhaps even hurts it ... by then, they'll be out of the coin anyway.

It's a foolish mindset of course, with a coin like this. But that's just how some people are.

Supernetwork can just be a gigantic super mess of a network. Just to make BTCD legit and unavoidable

Average Joe doesn't like  

And yeah if Crypti is all that developpers are saying, it can be a simple yet powerfull supernetwork on its own.

What baffles me is that, the people who want Crypti to be added to SuperNet don't realise that Crypti doesn't need it at all. The whole SuperNet functionality can be replicated by Crypti's custom block chain support when it rolls out.

Why do we need to be part of another coin's network when our own network already supports it and is more robust/powerful? How about instead of trying Crypti to get added to SuperNet, promote other coins to use Crypti's custom block chain support?

You guys realise that custom block chains support leads to literally endless possibilities.

True

I think the best thing the devs can do is simply be silent about Supernet, or at most, say it's under consideration for the future.

Those who think shortterm may still get a minor price bump. Those who think longterm won't be stuck with it, if they don't want it.

The smart thing is to simply wait and see how it works out. One thing promoters probably overlook is, what if supernet is a failure? You don't want some multicoin network dragging down the price of crypti. It's not automatically a price booster... it can go the other way too.

It's a nice day here

First good news, later good news, and more late good news again  


Sunny days for crypti are coming. Or maybe moon days.