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Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 385. (Read 804700 times)

newbie
Activity: 46
Merit: 0
I only see 350.1BTC transferred to the Xapo vault address:  https://blockchain.info/address/1KwpHHKKx1278LYDeqannK8mpngvSok59x

Pre-sale funds should be 750BTC.

This was intentional. In light of recent events, we decided it would be safest to split the funds between 2 different wallets. We were going to use Circle as they have insurance but unfortunately they couldn't accommodate our request in a timely manner so we are deciding on a second solution. We will keep you updated.

you have already getting your 750 btc huh?? huu?? u havent deliver product yet even............. wtffffffffffffffffffffffffffff  Angry Angry Angry

For starters, please control yourself in this thread. I understand the emotions but this kind of comment will not be tolerated. Everyone is frustrated, including us, but these outbursts (this includes your post prior to the one quoted) will not be allowed and you are ruining any positive reputation you might gain in this community.

Second, please read the updates prior to posting. The funds are all co-signed with SyRenity and BTER holding authority. The funds will require both parties to approve any withdrawal. This was done so that we could see our money was still taken care of so that we all had the piece of mind knowing that BTER still had out funds (in light of recent events).

As far as the launch date, we have posted numerous updates stating exactly what is happening with the pushback. We cannot give a date as it is reliant on BTER and they cannot give us an exact date. The wallet, nodes, and tech have been ready to go since last week. As soon as we have something official from BTER stating that the implementation is complete and everything looks good, we will give a 6 hour notice prior to officially initiating withdraw capability and launching the nodes.

+1
sr. member
Activity: 268
Merit: 250
love is first

 cannot to wait again .  Grin

 XCR will hit top 10 .
Top 3 is the target
hero member
Activity: 518
Merit: 500
I only see 350.1BTC transferred to the Xapo vault address:  https://blockchain.info/address/1KwpHHKKx1278LYDeqannK8mpngvSok59x

Pre-sale funds should be 750BTC.

This was intentional. In light of recent events, we decided it would be safest to split the funds between 2 different wallets. We were going to use Circle as they have insurance but unfortunately they couldn't accommodate our request in a timely manner so we are deciding on a second solution. We will keep you updated.

you have already getting your 750 btc huh?? huu?? u havent deliver product yet even............. wtffffffffffffffffffffffffffff  Angry Angry Angry

For starters, please control yourself in this thread. I understand the emotions but this kind of comment will not be tolerated. Everyone is frustrated, including us, but these outbursts (this includes your post prior to the one quoted) will not be allowed and you are ruining any positive reputation you might gain in this community.

Second, please read the updates prior to posting. The funds are all co-signed with SyRenity and BTER holding authority. The funds will require both parties to approve any withdrawal. This was done so that we could see our money was still taken care of so that we all had the piece of mind knowing that BTER still had out funds (in light of recent events).

As far as the launch date, we have posted numerous updates stating exactly what is happening with the pushback. We cannot give a date as it is reliant on BTER and they cannot give us an exact date. The wallet, nodes, and tech have been ready to go since last week. As soon as we have something official from BTER stating that the implementation is complete and everything looks good, we will give a 6 hour notice prior to officially initiating withdraw capability and launching the nodes.
hero member
Activity: 1218
Merit: 500
BintexFutures
Is there some deadline for launch?

Bter dev has contacted us a while, however he will require some rest after the long flight and the urgent tasks that he came for.

We are waiting for him to update us he is done with the mainnet integration testing and withdrawals/deposits enabling, so we could give an advance notice to the community.

Just a quick heads up to say thanls for the quality communication and good attitude. I know this must be a stressful time for you.
sr. member
Activity: 308
Merit: 250

 cannot to wait again .  Grin

 XCR will hit top 10 .
sr. member
Activity: 490
Merit: 250
Is there some deadline for launch?

Bter dev has contacted us a while, however he will require some rest after the long flight and the urgent tasks that he came for.

We are waiting for him to update us he is done with the mainnet integration testing and withdrawals/deposits enabling, so we could give an advance notice to the community.
If this is Lin, then he has just re-enabled NXT for trading. Hopefully he can now focus on you guys.

Yes I just saw Lin do so as well!! Yes time to get back to Crypti!!
hero member
Activity: 756
Merit: 502
The Proof of Time is a sum of the blocks the node has been continuously running since it has either started, restarted, or generated a block.
Can you explain in details how other nodes validate the POT block (when a node has been launched)?
It's quite difficult to implement to prevent the possibility of manipulation.

In nutshell, all nodes are sending requests, whether ad-hock for transactions (e.g. I've sent 100 XCR to someone), or periodical ("keep-alives").
These requests are registered by other nodes with their arrival time recorded, and then added to block. In this fashion every node basically verifies the up-time of other nodes, resulting with the forged block recording the up-time map of all nodes in the block-chain. We managed to keep the size efficient, so there will not be a storage bloat.

The weight system described by Bitseed also prevents an entity that managed to get control of forging (which in turn has to control the majority of nodes with balances...), from faking this up-time map for a prolonged amount of time.

These and other details will appear in the white-paper, which we will update after the launch.
legendary
Activity: 1554
Merit: 1000
Is there some deadline for launch?

Bter dev has contacted us a while, however he will require some rest after the long flight and the urgent tasks that he came for.

We are waiting for him to update us he is done with the mainnet integration testing and withdrawals/deposits enabling, so we could give an advance notice to the community.
If this is Lin, then he has just re-enabled NXT for trading. Hopefully he can now focus on you guys.
hero member
Activity: 756
Merit: 502
At the same time we will be filtering total spends by a block under 1 crypti and subtracting the reciprocal of the total spends of a node in a block from calculated PoP to discourage spamming the network with small transactions to boost PoP.

Does this apply only on the Main blockchain or is it implemented on the custom ones aswell?

If so...
I'm imagining a company/Mutual Fund selling factional shares for factional XCR is mass quantity(given the value of 1 XCR it seems unlikely but in the future). What kinda of impact would that have on users foraging ability?

These are launch fees, and to be reviewed, and possibly replaced with dynamic formulas (as we do for transfer fee based on network transaction volume), as the network expands and becomes more secured.
hero member
Activity: 756
Merit: 502
Is there some deadline for launch?

Bter dev has contacted us a while, however he will require some rest after the long flight and the urgent tasks that he came for.

We are waiting for him to update us he is done with the mainnet integration testing and withdrawals/deposits enabling, so we could give an advance notice to the community.
hero member
Activity: 756
Merit: 502
Would it have been possible that Bter had to chip into the Crypti funds to cover some of the lost money?

It's not possible as per our agreement with Bter, and in order to assure the community, Bter are moving the funds to external Vaults (still under control of Bter).
member
Activity: 112
Merit: 10
you have already getting your 750 btc huh?? huu?? u havent deliver product yet even............. wtffffffffffffffffffffffffffff  Angry Angry Angry

As per update both on blog and on 2nd post here in thread:
Important note: Bter holds the key to this vault, and will release it to Crypti Foundation only after Crypti mainnet is launched, and the Crypti owners can withdraw their balances.
Is there some deadline for launch?
hero member
Activity: 756
Merit: 502
you have already getting your 750 btc huh?? huu?? u havent deliver product yet even............. wtffffffffffffffffffffffffffff  Angry Angry Angry

As per update both on blog and on 2nd post here in thread:
Important note: Bter holds the key to this vault, and will release it to Crypti Foundation only after Crypti mainnet is launched, and the Crypti owners can withdraw their balances.
hero member
Activity: 605
Merit: 500
hero member
Activity: 1204
Merit: 509
When are you planning to launch it?

As per yesterday update, we still looking for Bter lead dev to contact us regarding his arrival to destination, mainnet testing finalization and readiness to open withdrawals / deposits, so we could do a final launch announcement.

man what the fuck can you guys fucking give us an ETA that actually fucking works for one fucking fuck how much are u guiys gonna stall this fucking shit.

GET UR SHIT TOGETHER. NOW!!!!! 10 days late and U STILL KNOW SHIT?!?!?!

Yeah, I agree. The devs should have been psychic and saw the Nxt breach ahead of time. I'm not sure what's wrong with them.

And Bter should drop everything -- even though one might say the loss of all that btc/nxt could have a slight priority, as it deals with their own exchange's survival -- so they can release crypti immediately. Their priorities are obviously screwed up.

Thank you for your words of wisdom, so eloquently stated.
sr. member
Activity: 490
Merit: 250
Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop, that would make me eligible to earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

Due to the PoT part of the formula holding more weight than PoPs, in order to forge all the blocks and get all the forging fees, the said attacker will have to maintain a control of the majority (if not all) of all nodes participating in the Crypti blockchain, keep a minimal required balance for forging on each of them and make transaction back and forth on each of them.

Moreover, any node weight decreases after a successful block forging, moving the chance to forge blocks to the other nodes, meaning other nodes will also start eventually forging.



Correct, it is based of of your last forged block. So in essence, your weight resets, the other 3000 or 10,000 nodes that are running, do not.

Just thinking about the cost to do this on top of all of the other impossibilities...

I mean just to set up 10,000 forgeing nodes at the low price today... with 1000 XCR min in each to forge would cost $87k and thats if you could buy 10 million Crypti in one buy order... buy the end of buy 10 Million Cyrpi the price would be at 10k sat or higher... So your probably looking closer to $500k then your going to have to buy the cloud servers at the low end thats another $50k... So just to forge 10% of the Crypti in circulation... We are talking about $550k and thats at the price right now Prior to launch... I didn't even add the 100 XCR for each nodes second passphrase either...
hero member
Activity: 756
Merit: 502
When are you planning to launch it?

As per yesterday update, we still looking for Bter lead dev to contact us regarding his arrival to destination, mainnet testing finalization and readiness to open withdrawals / deposits, so we could do a final launch announcement.
hero member
Activity: 756
Merit: 502
Here is a theory of mine,

If I'm a Validated Merchant and I also have another standard user account (that is running a node) and I use my user account to "buy" my own goods in a closed loop, that would make me eligible to earn 50% transaction fee on my merchant account but also give my user account a high enough rating in the Proof of Purchase(PoP)+ Proof of Time(PoT) to earn the other 50% of the block reward.

This could essentially let me shark all the transaction fees on the whole network.

Due to the PoT part of the formula holding more weight than PoPs, in order to forge all the blocks and get all the forging fees, the said attacker will have to maintain a control of the majority (if not all) of all nodes participating in the Crypti blockchain, keep a minimal required balance for forging on each of them and make transaction back and forth on each of them.

Moreover, any node weight decreases after a successful block forging, moving the chance to forge blocks to the other nodes, meaning other nodes will also start eventually forging.
hero member
Activity: 518
Merit: 500
I only see 350.1BTC transferred to the Xapo vault address:  https://blockchain.info/address/1KwpHHKKx1278LYDeqannK8mpngvSok59x

Pre-sale funds should be 750BTC.

This was intentional. In light of recent events, we decided it would be safest to split the funds between 2 different wallets. We were going to use Circle as they have insurance but unfortunately they couldn't accommodate our request in a timely manner so we are deciding on a second solution. We will keep you updated.

I thought Circle and Xapo only covered $100 from its insurance policy.

The policy is much more in depth than that. They have recently secured additional funding ($40 million total) and formed a captive insurance company to insure the funds being held in the vault. You can read more in their FAQ here: http://help.xapo.com/categories/6680-Insurance/questions
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