Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 407. (Read 804700 times)

There will be a severe financial crisis soon, resulting in the death of many Currencies, including the Euro.  If the infrastructure for mobile money transfer with XCR is on place when that happens, then XCR will see the same kind of overnight explosion that AOL saw after Xmas 1997 when 5 million people got cheap ($800) computers for Xmas with a AOL CD Rom.  

When all hell breaks loose, people flock to safety.  Have the sanctuary ready, and they will come.  

And oh yeah.... there is that little factor of PRICE & DEMAND.   50 XCR for a new BMW?

someone exploited bter's old website which was able to trade and withdraw btc out sucessfully.
old.bter.com
its taken out now.

I do hope so.

Shut down again.

When will be launched?

Perhaps they are confident they will get the stolen funds back and want to buy up cheap NXT from their customers?

guys, have u noticed what happened with NXT-BTC market in Bter?
How could Bter restart it?

The key as Litoshi says is simplicity. Right now, the average person doesn't understand the concept of crypto-currencies. They understand they login to their bank, they get checks and a debit card, they have their check sent to their bank, and then they use their debit card.

Crypto-currencies that are currently available are horribly complex compared to this system. But remember, at one point, everyone used checks at the grocery store and no one had debit cards. People got their checks from their employer and deposited it in a bank. I use a bank now that doesn't even have branches, it's all online. The market moves fast as technology develops.

The key to adoption is showing people a system that functions like what they are used to and then adapting it over time to be revolutionary. It will be a while before we can convince people to have their checks paid in Bitcoin or Crypti and deposited into their online wallets and use QR codes or their mobile app to pay at stores, but just like the adoption of online banking and debit cards, it will happen over time.

Banks can't offer instantaneous global transfers. They can't offer as low of fees because of the way their networks work and the costs involved. They also can't guarantee the solvency of the country who's currency they work with or that their economy won't collapse.

A global crypto-currency can.

We simply need to develop the infrastructure, ease of use, and incentive to change.

We also need to increase merchant adoption. If you look at Bitcoin, the merchants are adapting to where the money is. They see the potential profits and they see the market developing and so they are starting to conform. The issue is that the average person won't adopt a form of payment like Bitcoin until they can actually spend it. So for the sake of Crypti, we need to push, develop, and inspire adoption in both groups concurrently to push the adoption rate.

We have a roadmap that we think will help us get there. We will also be having extensive discussions with the community and pushing the envelope of what we think is possible together. We have the capability and the capital to start the process and once we show the potential, many more will get on this train. While it will be a long road to challenge traditional banking, Paypal, Mastercard, Visa, and the traditional way of thinking, we sure as hell have the balls to try and together, I actually think we can.

Yes, BTC will eventually be pushed into the shadows.  It happens to all the barrier breakers in any field, not just the net.  Look what happened to the video rental stores: replaced with NetFlix.  Bookstores have been replaced by Cosco and eBooks.  

BTC has serious flaws and is without any additional feature implementation.  New coins have been developed that offer solutions to these flaws, and implement features that make cybercash user friendly.  Cybercash use will not catch on to the general public until it is idiot proof.

If you were on the net in the late 80s or very early 90s, you would remember how difficult it was to get online.  You had to configure a modem, with dip switch settings, and write a script for your dial-up modem.  Then you needed to load Netscape 1 or Mozilla from a floppy disk.  You had to run Archie for a search engine.  For the UseNet you needed a program to divide and combine posts into 15000 lines max.  Complicated enough to keep anyone not a geek away.  

But once computers dropped to below $800 in price, and Grandma could get on the net by loading an AOL CD Rom, everything changed.  

Simplicity of use results in rapid adoption.


The same is true of cybercash.  BTC is too complex for simple transactions.  It still serves as the benchmark, as all altcoin values are set in satoshis.  But the vast non-geek public will not see cybercash as a useable system until it is as simple to use as a credit card swipe at Walmart.  

The main market for cybercash will be the 80% of the world population that is unbanked.  High fees are charged by Forex dealers to send funds from the US to Mexico and Philippines (10-20%), which are then hand delivered to the receiver by couriers.  Most of these people have a smartphone.

Mobile Apps to transfer XCR and BTC to smartphones will break the back of the Forex dealers.  This is a 2 billion dollar a month market.  Imagine the transaction fees earned by a POS coin like XCR at that level!!.  


In the mid 90s, I told many people that the phone, computer and TV were going to merge into one appliance.  I was laughed at.  Then the cable companies started offering internet connections.  Later, video came to computers.  Now we have smartphones.  The future is here.

If the hacker doesn't return the NXT, Bter will die definitely.

it is huge money...

The issue here and the reason we haven't launched is because in order for withdrawals to work, BTER has to implement the API on their end and has to enable the functionality. This is what they have postponed due to the hack so they can focus their attention. Until they implement (which everything is completed and provided to them) we simply have to wait. These are the kinds of issues that can arise as a negative of using escrow in that you are reliant on a second party.

Let's just all try to understand this from BTERs perspective and let them do what they need to do to secure their business. They told us they needed 2 days. If in 2 days they ask for 2 more then we will take additional action and look for other solutions. In the meantime, let's give them the benefit of the doubt.

Keep in mind that as a business they just lost millions of dollars. That's not easy for anyone to respond to.

Do you have any plan to list Crypti to other exchange? I don't trust Bter any more, I worry my Crypti in Bter.

Words of encouragement from another newby that did not get in on the pre-sale.  

If the devs had only used maxmint for escrow, there would not have been any early trading.  Also, maxmint is not an exchange, so the devs would have had to find an exchange to host XCR.  

If everything had gone that way, this blog would be full of complaints of investors wanting their BTC back from maxmint.  We would still have had the delay in the launch due to the same problem with the POS.  And the devs would still be searching for an exchange to host XCR>

Bter served both as an escrow service and an exchange.  They provided an essential service and were well paid for it.  

Just wait till things resolve... keep coins and wait... coin will be launched just little bit later, it is not the end of the world. Bter is serious exchange and I belive they will resolve situation... The most important thing is to launch the coin

I'm betting it was an inside job and they sent over the tong gangsters to break his fingers.  

Many guys suggest DEV don't use Bter as escrow at the very beginning, but they don't take our suggestion.

Great, coin dead at launch. :/