Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 543. (Read 804701 times)

@Devs

Any news on the max cap? We were told there was an announcement coming out today?

Of course.   If the devs raise 500 BTC for this sale (including bonus), and then distribute 100 million coins, you will have to sell each coin for 500 satoshi to break even.  If they raise 1000 BTC, then the 100million coins must be sold for 1000 satoshi each.

The amount of coins is fixed at 100 Million.  The amount of BTC to invest is not limited.  So, the more invested, the harder it is to regain your investment.

Also, all 100 million coins can hit the market on the first day.  YIPPEE!!!!  

This IPO is too hot and I don't want to get burned.
Good luck to your launch,I'll be watching

No one is willing to participate in the plan
The author of greed
There are stains guarantee platform
Could you tell me how to guarantee the interests of investors you so greedy,
How do you ensure that you are not to take the money go
You have no faith
I despise you

Yep, agreed. Are we trusting devs who's website can't do basic math to create a viable crypto currency?

Address / Bter tId                                       BTC Spend         Fraction of Stake      Crypti Received      Bonus
14fgnit6kxH9GNzGpr9WeWfnYcb7xU4mTn               0.055                 0.018                      1368504.678      30%    
14j25L31fmQZL3hB7LfKbmKZdb6EPQg6qm               0.3                 0.099                      7464570.970      30%    
164YLVQYm9Kfu4hpxjkBFKjiePx9mFrCU9               1                         0.066                      4976380.647      30%    
185qk9Vk4HPvTdv2uKoStXeK86Xqqzqh8H               0.25                 0.083                      6220475.808      30%    
18vNj8vN1dE5EzhoU9ns1NHJi5PN6Fa7LE               0.101                 0.033                      2513072.226      30%    
1DD1Z8VQpcT7RbPzZhRCW7QRbQTLnikEHy       1.31066366         0.434                      32611806.359      30%

Just does not look correct. Would not want to be the one who invested 1 BTC in the table above.

please ELI5 - if Crypti raises a sh*t-ton of BTC, does that make it harder for IPO investors to get a return on their investment?  Does it mean that a much higher market cap is required?  (or do the Devs just make more money, and it does not effect ROI or market cap?)

thanks!

no problem. We will refrain from name calling. 

Correct, my mistake there.

I assume they just didn't update their .md file on github.

I already addressed that in my original escrow posting, did you read that?


I will definitely make sure the Crypti team will implement it this way.

Just wow. No need for the ad hominem attacks. Your steps weren't all that clear because they didn't include the read me text. I had to go back and read that, then read yours. But, as I said, I see what you are saying.

I fully expect that when you "provide the CRY address, it must also be signed, but they don't say that".

Seems like they are adding an un-needed step.

Yes, I see what you are saying:


Yes, that's borked. Unless the second bolded statement there is also signed with your PK. They don't say it should be.

The whole "sign a confirmation step" isn't needed OR it is in that message that you also must provide your CRY address.

Read my post again, I have added the important part everyone so far obviously missed (damn lamers, it is no wonder so many of you end up scammed on every step).

Let's say you signed a message "X". The Crypti team will have a copy of your signed message and can send this to me. This will be proof for me that you claimed "X".
You won't be able to trick me into believing "Y" because there's a signed message that says "X" and the only one who could sign this is you. So it's clear that you signed "X".


If the Crypti team reedemed Crypti coins to account Z then I can ask them to show me a signed message that says "Z". Again, they won't be able to provide this message because you are the only one who could sign this.


As explained above, I do have a way to determine which one has cheated.

Just what? How do you do step 2? 

1. You sign a message using your donation BTC address's PK that contains your Crypti address.
2. Crypti confirms the signature and sends CRY to that address
3. The Crypti is sent to that address
4. It is provable in the Crypti blockchain.

1. I send you BTC using address for which I have a private key
2. I sign message by Crypti team using private key and reedem Crypti coins to address X
3. I complain to you that I have not received my Crypti coins to address Y

1. I send you BTC using address for which I have a private key
2. I sign message by Crypti team using private key and reedem Crypti coins to address X
3. Crypti team instead reedem coins to address Z

In above cases, you have no way to prove that either me or Crypti team cheated.

"The online issuance system will match your signature against your sending BTC address. Once matched successfully, the system will ask for your Crypti address, so it can
issue the Crypti coins."

https://github.com/crypti/crypti-docs/blob/master/presale.md

They would need to ask for my Crypti address before I sign a message so that message I'll sign contains address in question.

Investors can and should check their Crypti balance on their own. If you (after 7 days) don't file a complaint then I can safely assume that you are happy with the amount of Crypti coins you received.
But if you file a complaint I will take a close look at your balance and see if there's anything wrong. If you did not receive the correct amount of Crypti coins then I will try to find a solution in consultation with you and the Crypti team, possibly refunding your BTC if there's no other way.


I don't have to trust anyone here, I just have to take a look at the signed messages. The only person who's able to sign a message with the sending BTC address is the person who has the private key. So only you are able to sign a message with your sending BTC address. In case of a dispute I will ask the Crypti team to provide the signed message (containing the Crypti account you gave them). They won't be able to forge this message because they don't have the private key of your address. So there's no doubt about the Crypti account number you sent them.

Basically, you will trust a party that you were not supposed to trust? Unless you yourself look into each account how exactly will you be able to decide about anything? You are
not the one who is in control of Crypti coins so what happens if I received less or no coins but you afterwards "refer to the above distribution scheme", I'll end up without both
part of or all Crypti and all BTC?

Other than that, how will you know what is my Crypti account? As far as I can see, the only place where I'm supposed to reveal it is Crypti website and only when reedeming my
coins. So, I use one Crypti address to reedem coins and give you some other one (0 coins there) or Crypti team starts claiming I reedemed coins to address they actualy control,
how will you decide who is right? Since you don't control Crypti coins, if you trust Crypti team on the matter I might end up without both Crypti and BTC. If you trust me then it
is Crypti team that might end up without both Crypti and BTC.

The only way to do it properly is if you redeem Crypti coins or Crypti team send them to you and then you distribute them to us. In any other case either them or I can cheat
and you'd have no way to know who is cheating.

I suggest to others to make sure it is Bter who distributes Crypti coins after IPO is over, if instead you are supposed to do it over Crypti website then it is a major red flag!

Basically informative. wrt to dilution worry.

It seems to me that if there is a high pre-sale amount of BTC then Crypti could have a soft cap, say of 750 BTC, and every thing over that cap could be put back onto BTER as buy orders, say in blocks of 1000 (or whatever a good BTC round price would be) increasing buy price say 100 sat for each block.

This would provide buy support for the currency and raise the price at the same time, also adding buy pressure because people on BTER will see the GREEN up arrow and take a look and possible grab some.

The CRY bought could be added to the foundations balance for future investment in the coin.