[XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 528.

SyRenity

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Quote from: PilotofBTC on July 15, 2014, 10:40:55 AM

Quote from: megashira1 on July 14, 2014, 09:24:11 PM

If I knew you could just sell your stake I would have gotten in in at the very first day at 30% and waited to see how things progressed. Undecided

I truly hope they don't allow for stake trading!

As we confirmed several times, the trading will be possible only on the actual Crypti distributed to buyers (not on the CRSALE purchase tokens).

PilotofBTC

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Quote from: cloudlover on July 14, 2014, 10:01:28 PM

As we konw ,there are other channel to raise btc except BTER.COM.so,my question is that bter.com set its max amount as 750 btc,that is to say ,bter.com can raise 750 btc.if my conclusion is right,add the amount via other channel raised,the total amount will be over 750?

The cap is 750. They can add the numbers each night and tell the two escrows when the limit is met, and based on time stamps who to refund if over the cap.

SyRenity

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Quote from: subSTRATA on July 15, 2014, 07:31:41 AM

The total amount of Crypti in existence will be 100 Million and 85% will be distributed to shareholders so where from 30% bonus comes from? It can only come from 15% coins
reserved for initial investor and developers. If not, buying on the last day when bonus will be 0% would mean not actualy getting (coins + 0% bonus) but (coins - 30% bonus).

Can someone from developers clarify the matter?

We will apply the bonus to your amount, before calculating the amount of resulting Crypti. So if you bought say for 1 BTC today, it will be actually counted as 1.25 BTC (due to the 25% bonus today).

PilotofBTC

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Quote from: megashira1 on July 14, 2014, 09:24:11 PM

If I knew you could just sell your stake I would have gotten in in at the very first day at 30% and waited to see how things progressed. Undecided

I truly hope they don't allow for stake trading!

SyRenity

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Quote from: samsmith16 on July 15, 2014, 10:31:48 AM

This will also be good for ARM as well right?
http://cryptojedi.org/peter/data/ches-20120911.pdf

Yes, we are actually talking with a mesh node project about running Crypti nodes on top of their devices (thanks to Node.JS being lightweight enough to run on ARM - for example http://joshondesign.com/2013/10/23/noderpi)

atleticofa

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Quote from: SyRenity on July 15, 2014, 10:33:30 AM

Quote from: MadAlpha on July 15, 2014, 08:53:09 AM

Also the ~750 BTC feels strange. Why not exactly 750 BTC? Because they will actually sell more than that, now that they see there is huge interest? And if they do, this will dilute the share of the current investors, who are thinking they are getting 1/750 of the available Crypti by investing 1 BTC, while in reality they may get only 1/1000 or something. This would be misleading investor very badly, so I hope I am wrong here.

The maximum cap is 750 BTC with Bter and Maxmint combined, this means once we reach the cap, anything raised above will be returned to buyers.

We will use both Bter buy times and blockchain transaction times, to ensure the cap correctly applied to these both channels.

Good to know

SyRenity

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Quote from: MadAlpha on July 15, 2014, 08:53:09 AM

Also the ~750 BTC feels strange. Why not exactly 750 BTC? Because they will actually sell more than that, now that they see there is huge interest? And if they do, this will dilute the share of the current investors, who are thinking they are getting 1/750 of the available Crypti by investing 1 BTC, while in reality they may get only 1/1000 or something. This would be misleading investor very badly, so I hope I am wrong here.

The maximum cap is 750 BTC with Bter and Maxmint combined, this means once we reach the cap, anything raised above will be returned to buyers.

We will use both Bter buy times and blockchain transaction times, to ensure the cap correctly applied to these both channels.

samsmith16

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Quote from: SyRenity on July 15, 2014, 10:23:25 AM

Quote from: samsmith16 on July 15, 2014, 09:59:19 AM

Oh and we are so pumped that finally have a team go with a lighter elliptic curve algorithm!! To my knowledge you guys are the first to build ground up and change the elliptic curve since the original Bitcoin code. Some one far more researched then me could prove me wrong, and we are not talking changing the hash algo here (x11, x15 or NIST5 are all just hash algo) we are talking the elliptic curve algo... Just brilliant cant wait to dive into the code once it's posted!!!

Thanks, however we know that at least another one (Qora) has also picked up Ed25519, probably for same reasons as we did - being secure, lightweight and fast on the modern desktops.

This will also be good for ARM as well right?
http://cryptojedi.org/peter/data/ches-20120911.pdf

cloudlover

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Quote from: prix on July 15, 2014, 10:02:00 AM

Quote from: cloudlover on July 15, 2014, 09:35:31 AM

I think this formula is wrong,e.g. F( Fraction of the buyer stake in total Crypti distributed) = B * (1+ (30 - D) / 100 ) / TB,If only one person join this ipo and he sent 100 BTCs on first day of ipo,if the formula is correct,he will receive 1.3*85000000,that is 110.5million crypti! but it is possible??

Quote

Crypti allocation formula
TB = Total amount of BTC collected via Bter and Maxmint plus bonus credits

For your case TB is 130 BTC.

Yes ,I see.

thanks

SyRenity

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Quote from: samsmith16 on July 15, 2014, 09:59:19 AM

Oh and we are so pumped that finally have a team go with a lighter elliptic curve algorithm!! To my knowledge you guys are the first to build ground up and change the elliptic curve since the original Bitcoin code. Some one far more researched then me could prove me wrong, and we are not talking changing the hash algo here (x11, x15 or NIST5 are all just hash algo) we are talking the elliptic curve algo... Just brilliant cant wait to dive into the code once it's posted!!!

Thanks, however we know that at least another one (Qora) has also picked up Ed25519, probably for same reasons as we did - being secure, lightweight and fast on the modern desktops.

samsmith16

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Quote from: Wulfcastle on July 15, 2014, 10:05:16 AM

Quote from: samsmith16 on July 15, 2014, 09:59:19 AM

Oh and we are so pumped that finally have a team go with a lighter elliptic curve algorithm!! To my knowledge you guys are the first to build ground up and change the elliptic curve since the original Bitcoin code. Some one far more researched then me could prove me wrong, and we are not talking changing the hash algo here (x11, x15 or NIST5 are all just hash algo) we are talking the elliptic curve algo... Just brilliant cant wait to dive into the code once it's posted!!!

Really? Could you explain more about the elliptic curve algorithm used in Bitcoin, bit of a noob at this kind of stuff Tongue

Sure but I wont full this thread full of txt so I will link you a little to get you started..

Bitcoin
https://en.bitcoin.it/wiki/Elliptic_Curve_Digital_Signature_Algorithm

here youtube (part 4.. sure you can find part 1 and watch it all)
http://www.youtube.com/watch?v=iB3HcPgm_FI

here is the curve Bitcoin uses
https://en.bitcoin.it/wiki/Secp256k1

Here is the one for Crypti
https://github.com/crypti/Ed25519
http://cryptojedi.org/peter/data/nancy-20120320.pdf

there thats a good start

dzarmush

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Although selling under 0.00005 is losing money we'd need to sell some at this price in order to distribute the coin. Espesially investors with 2%.

SyRenity

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Quote from: Wulfcastle on July 15, 2014, 10:05:16 AM

Really? Could you explain more about the elliptic curve algorithm used in Bitcoin, bit of a noob at this kind of stuff Tongue

You may want to check out these two resources about the elliptic curve that we are using in Crypti:
http://en.wikipedia.org/wiki/EdDSA
http://ed25519.cr.yp.to/

dzarmush

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Quote from: pabloangello on July 15, 2014, 10:03:46 AM

Quote from: dzarmush on July 15, 2014, 09:53:01 AM

Quote from: pabloangello on July 15, 2014, 09:13:54 AM

Quote from: dzarmush on July 15, 2014, 09:07:39 AM

Quote from: S3MKi on July 15, 2014, 07:04:58 AM

hi guys. what do u think about ROI? how much it will be in your opinion?

Minimum possible market cap for this 2nd gen coin with a great team and 750 BTC dev and marketing fund is 10 000 BTC. It means x14 in the first weeks. If devs and dev/marketing committee do things right we'll be in top five within a year.

How you counted this x14 multiplier?

After IPO is over market cap is 750 BTC. If market cap is 10 000 BTC there's 10000/750=13.3 ROI.

Yes but on what basis you assume that the market cap will grow to 10000 BTC in a few weeks?

Just observing the market. Crypti has some advetages over other coins, it may easily reach 10K BTC cap.

1. Awesome team with different duties. While someone is working on development others can focus on marketing, contacting merchats etc.
2. All 750 BTC IPO money will be spent on development and marketing and it's a huge amount of money.
3. Bter is one of the biggest exchanges and the fact that they have so much interest in Crypti will raise interest among other exchanges and people.
4. After all it's a second gen coin with new source. This fact itself is enough for 5K BTC market cap.

prix

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Quote from: entertainment on July 15, 2014, 10:05:31 AM

It will be good to know the exact amount invested and the exact amount available...

650.25269572 BTC invested

SyRenity

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Quote from: samsmith16 on July 15, 2014, 09:47:34 AM

I'm sure this will all be cleared up soon

Great work Dev's I have followed since page 4 and Like how you delayed things to get it right even though me and my partner had everything ready to go for June 30th... It was easy enough to just sit back and watch a great Dev team hash out the communities concerns...

Don't get to down on this Bter thing it's still a great idea and I love the whitepaper it took use some time to go through it line by line but great work here!!!

Thanks for the kind words.

Quote from: cjp007 on July 15, 2014, 08:08:08 AM

I think that number is flawed... at the top of that page it says that over 600BTC has been invested, meaning less then 150 is available... still waiting to hear exact numbers from the devs. For some reason I remember reading that there was a buffer of 200 in there which would mean less then 100 left.

Quote from: entertainment on July 15, 2014, 10:05:31 AM

It will be good to know the exact amount invested and the exact amount available...

We are looking towards Bter correcting the remaining displayed amount of the buy order later today.

entertainment

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It will be good to know the exact amount invested and the exact amount available...

Wulfcastle

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Quote from: samsmith16 on July 15, 2014, 09:59:19 AM

Oh and we are so pumped that finally have a team go with a lighter elliptic curve algorithm!! To my knowledge you guys are the first to build ground up and change the elliptic curve since the original Bitcoin code. Some one far more researched then me could prove me wrong, and we are not talking changing the hash algo here (x11, x15 or NIST5 are all just hash algo) we are talking the elliptic curve algo... Just brilliant cant wait to dive into the code once it's posted!!!

Really? Could you explain more about the elliptic curve algorithm used in Bitcoin, bit of a noob at this kind of stuff Tongue

pabloangello

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Quote from: dzarmush on July 15, 2014, 09:53:01 AM

Quote from: pabloangello on July 15, 2014, 09:13:54 AM

Quote from: dzarmush on July 15, 2014, 09:07:39 AM

Quote from: S3MKi on July 15, 2014, 07:04:58 AM

hi guys. what do u think about ROI? how much it will be in your opinion?

Minimum possible market cap for this 2nd gen coin with a great team and 750 BTC dev and marketing fund is 10 000 BTC. It means x14 in the first weeks. If devs and dev/marketing committee do things right we'll be in top five within a year.

How you counted this x14 multiplier?

After IPO is over market cap is 750 BTC. If market cap is 10 000 BTC there's 10000/750=13.3 ROI.

Yes but on what basis you assume that the market cap will grow to 10000 BTC in a few weeks?

prix

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Quote from: cloudlover on July 15, 2014, 09:35:31 AM

I think this formula is wrong,e.g. F( Fraction of the buyer stake in total Crypti distributed) = B * (1+ (30 - D) / 100 ) / TB,If only one person join this ipo and he sent 100 BTCs on first day of ipo,if the formula is correct,he will receive 1.3*85000000,that is 110.5million crypti! but it is possible??

Quote

Crypti allocation formula
TB = Total amount of BTC collected via Bter and Maxmint plus bonus credits

For your case TB is 130 BTC.

Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 528. (Read 804701 times)