Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 551. (Read 804701 times)
July 10, 2014, 05:47:11 PM
As potential investor I'm totally for a max cap. Otherwise it'll be another maidsafe. I didn't invest in maidsafe because I saw what was happening and I have no regrets.
July 10, 2014, 05:42:06 PM
Actually I don't understand why you chose bter as escrow, there are potential policy risk in the BTC things in China especially IPO.
As was explained in past, this is not an IPO but rather a pre-sale of the Crypti to buyers.
Also, Bter has done their own checks, before joining the pre-sale.
July 10, 2014, 05:36:31 PM
July 10, 2014, 05:34:58 PM
I have concern, in case IPO in bter outlawed by China government, we will get our BTC back from you dev team, correct?please answer me directly.
Note that Bter holds the BTC in their escrow, until we have a proven distribution of Crypti to buyers.
Yes, sir, so in case we lost BTC of this IPO in bter for some reason, we will claim them from bter not you. Actually I don't understand why you chose bter as escrow, there are potential policy risk in the BTC things in China especially IPO.
July 10, 2014, 05:32:50 PM
I know you are from DEV team, I read all of your posts, all you can do is call your mother's name.
@all investors , do you really believe a dev team like this can make a good coin?!
@all investors , do you really believe a dev team like this can make a good coin?!
I'm not sure where from you have this idea, the current full team roster is listed in the ANN OP.
July 10, 2014, 05:28:22 PM
Attitude of China govement regarding BTC/altcoin is not clear until now, may be these coins will be forbidden in China via this IPO thing, let's wait and see.
First (as it was said many times), it is not IPO but rather a pre-sale of Crypti.
Second, Bter has done their own legal homework as well, before joining this pre-sale.
Are you a fucking idiot? Bitcoin was never illegal in china, and will never be...
Man, please talk civilized in this thread, don't call your mother's name, I have reported your words to mod.
"don't call your mother's name".... and you have the nerves to report me you fucking retarded monkey? ...
If you don't agree with me, just argue, don't call your mother's name, you take the personal attack on me first since you are afraid of what I said.
I know you are from DEV team, I read all of your posts, all you can do is call your mother's name.
@all investors , do you really believe a dev team like this can make a good coin?!
July 10, 2014, 05:24:25 PM
I have concern, in case IPO in bter outlawed by China government, we will get our BTC back from you dev team, correct?please answer me directly.
Please note that Bter holds all the BTC raised through them in escrow, until we have a proven distribution of Crypti to buyers.
Hence in a case of a such very unlikely occasion, Bter will be the address to inquiry regarding the matter.
July 10, 2014, 05:15:30 PM
Attitude of China govement regarding BTC/altcoin is not clear until now, may be these coins will be forbidden in China via this IPO thing, let's wait and see.
First (as it was said many times), it is not IPO but rather a pre-sale of Crypti.
Second, Bter has done their own legal homework as well, before joining this pre-sale.
I have concern, in case IPO in bter outlawed by China government, we will get our BTC back from you dev team, correct?please answer me directly.
July 10, 2014, 05:14:25 PM
Any decision regarding total pre-sale cap yet ß???
I really think a pre-sale cap will suit investors, you don't want the IPO to become too diluted as no investor will profit out of it. Don't forget you will still have the 15% of the pre sale left for development, so if you only need 500 BTC from the IPO why not put a cap on it?
EDIT : Don't forget some whale could single handedly drop over 500 BTC into this IPO and render our investments useless. This is the same problem Ethereum faced and they seem to be implementing a cap on their future IPO as well
I guess if he wasn't to create a bunch of accounts. But, I don't see how that renders your investment useless. The price of 1 CRY will be the same no matter if this happens or not. Please explain your analysis.
The price would be the same, but it essentially means that hypothetically if a whale manages to purchase most of the CRSsale in the IPO we'd be left with a small percentage of coins. So instead of receiving 20 000 Crypti, we'd only receive 1 000. We'd should in that case receive better returns by just buying Crypti on the market.
July 10, 2014, 05:05:43 PM
Any decision regarding total pre-sale cap yet ß???
I really think a pre-sale cap will suit investors, you don't want the IPO to become too diluted as no investor will profit out of it. Don't forget you will still have the 15% of the pre sale left for development, so if you only need 500 BTC from the IPO why not put a cap on it?
EDIT : Don't forget some whale could single handedly drop over 500 BTC into this IPO and render our investments useless. This is the same problem Ethereum faced and they seem to be implementing a cap on their future IPO as well
I guess if he wasn't to create a bunch of accounts. But, I don't see how that renders your investment useless. The price of 1 CRY will be the same no matter if this happens or not. Please explain your analysis.
July 10, 2014, 05:03:48 PM
I really think a pre-sale cap will suit investors, you don't want the IPO to become too diluted as no investor will profit out of it. Don't forget you will still have the 15% of the pre sale left for development, so if you only need 500 BTC from the IPO why not put a cap on it?
EDIT : Don't forget some whale could single handedly drop over 500 BTC into this IPO and render our investments useless. This is the same problem Ethereum faced and they seem to be implementing a cap on their future IPO as well
EDIT : Don't forget some whale could single handedly drop over 500 BTC into this IPO and render our investments useless. This is the same problem Ethereum faced and they seem to be implementing a cap on their future IPO as well
The max total cap is currently under discussion.
There is a max cap per buyer of 2%, that is aimed to prevent the described whale behavior.
July 10, 2014, 05:03:23 PM
The IPO has already started. If devs will place a cap now they will lose credibility. Personally, i liked 500 BTC cap, but it is too late now.
July 10, 2014, 04:55:11 PM
Any decision regarding total pre-sale cap yet ß???
I really think a pre-sale cap will suit investors, you don't want the IPO to become too diluted as no investor will profit out of it. Don't forget you will still have the 15% of the pre sale left for development, so if you only need 500 BTC from the IPO why not put a cap on it?
EDIT : Don't forget some whale could single handedly drop over 500 BTC into this IPO and render our investments useless. This is the same problem Ethereum faced and they seem to be implementing a cap on their future IPO as well
July 10, 2014, 04:54:29 PM
Thanks for your suggestions, finishing the pre-sale once target hit or the period has ended is indeed an obvious solution that is worth considering and I will raise it to our discussion.
It really doesn't look good to change the rules after things have started though. ;(
What? Important changes in the middle of the pre-sale? You don't know what you want. (Well you know it - money) But can anybody respect your word?
To be more clear, I've only mentioned it in the light of the repeating community requests for the max cap, as there won't be any sense to keep the pre-sale going if the said max cap is reached. That said, if we do set a max cap and reach it, and the community will prefer to keep the original period going, we will respect it.
July 10, 2014, 04:43:59 PM
Any decision regarding total pre-sale cap yet ß???
July 10, 2014, 04:41:50 PM
I appreciate the effort your whole team has put into organizing everything. It already looks better than most of the IPO's out there.
As stated before, my only concern is that while you have optimized most of the things fairly well, it seems an important piece is still missing from the IPO puzzle.
The dev team has agreed that 500 btc would cover the necessary requirements for the dev fund fairly well. However, given the situation, I expect Crypti to raise at least between 800-1000 btc. Now it seems obvious that there should be a point where because of too much investment Crypti will be over diluted and over priced, and it will certainly not be good if Crypti would reach that point starting from the IPO. Further more, I think the dev team interest along with the investors interest should be among the most important things to keep in mind while deciding the IPO rules.
That said, I'm not sure why the IPO is set to last one whole month. A better option would be to set a cap of lets say 1000 btc(or whatever reasonable sum you decide) or if the cap is not reached you have an open time limit of 1 month. The idea being that after 1000 btc(or whatever sum) the IPO will go against the best interest of its investors because of over pricing and over dilution. If this should happen, both the early investors and the late investors will suffer in the process. Maybe some kind of upper cap limit(2x-3x of what is actually needed for development) could be proposed and added to ensure a basic safety net for the investors who are looking forward to joining and contributing to the project.
Any thoughts on that?
As stated before, my only concern is that while you have optimized most of the things fairly well, it seems an important piece is still missing from the IPO puzzle.
The dev team has agreed that 500 btc would cover the necessary requirements for the dev fund fairly well. However, given the situation, I expect Crypti to raise at least between 800-1000 btc. Now it seems obvious that there should be a point where because of too much investment Crypti will be over diluted and over priced, and it will certainly not be good if Crypti would reach that point starting from the IPO. Further more, I think the dev team interest along with the investors interest should be among the most important things to keep in mind while deciding the IPO rules.
That said, I'm not sure why the IPO is set to last one whole month. A better option would be to set a cap of lets say 1000 btc(or whatever reasonable sum you decide) or if the cap is not reached you have an open time limit of 1 month. The idea being that after 1000 btc(or whatever sum) the IPO will go against the best interest of its investors because of over pricing and over dilution. If this should happen, both the early investors and the late investors will suffer in the process. Maybe some kind of upper cap limit(2x-3x of what is actually needed for development) could be proposed and added to ensure a basic safety net for the investors who are looking forward to joining and contributing to the project.
Any thoughts on that?
Thanks for your suggestions, finishing the pre-sale once target hit or the period has ended is indeed an obvious solution that is worth considering and I will raise it to our discussion.
What? Important changes in the middle of the pre-sale? You don't know what you want. (Well you know it - money) But can anybody respect your word?
July 10, 2014, 04:37:56 PM
Why not page "Peers"?
How to understand that the system operates in the network?
How to understand that the system operates in the network?
July 10, 2014, 04:36:56 PM
I appreciate the effort your whole team has put into organizing everything. It already looks better than most of the IPO's out there.
As stated before, my only concern is that while you have optimized most of the things fairly well, it seems an important piece is still missing from the IPO puzzle.
The dev team has agreed that 500 btc would cover the necessary requirements for the dev fund fairly well. However, given the situation, I expect Crypti to raise at least between 800-1000 btc. Now it seems obvious that there should be a point where because of too much investment Crypti will be over diluted and over priced, and it will certainly not be good if Crypti would reach that point starting from the IPO. Further more, I think the dev team interest along with the investors interest should be among the most important things to keep in mind while deciding the IPO rules.
That said, I'm not sure why the IPO is set to last one whole month. A better option would be to set a cap of lets say 1000 btc(or whatever reasonable sum you decide) or if the cap is not reached you have an open time limit of 1 month. The idea being that after 1000 btc(or whatever sum) the IPO will go against the best interest of its investors because of over pricing and over dilution. If this should happen, both the early investors and the late investors will suffer in the process. Maybe some kind of upper cap limit(2x-3x of what is actually needed for development) could be proposed and added to ensure a basic safety net for the investors who are looking forward to joining and contributing to the project.
Any thoughts on that?
As stated before, my only concern is that while you have optimized most of the things fairly well, it seems an important piece is still missing from the IPO puzzle.
The dev team has agreed that 500 btc would cover the necessary requirements for the dev fund fairly well. However, given the situation, I expect Crypti to raise at least between 800-1000 btc. Now it seems obvious that there should be a point where because of too much investment Crypti will be over diluted and over priced, and it will certainly not be good if Crypti would reach that point starting from the IPO. Further more, I think the dev team interest along with the investors interest should be among the most important things to keep in mind while deciding the IPO rules.
That said, I'm not sure why the IPO is set to last one whole month. A better option would be to set a cap of lets say 1000 btc(or whatever reasonable sum you decide) or if the cap is not reached you have an open time limit of 1 month. The idea being that after 1000 btc(or whatever sum) the IPO will go against the best interest of its investors because of over pricing and over dilution. If this should happen, both the early investors and the late investors will suffer in the process. Maybe some kind of upper cap limit(2x-3x of what is actually needed for development) could be proposed and added to ensure a basic safety net for the investors who are looking forward to joining and contributing to the project.
Any thoughts on that?
Thanks for your suggestions, finishing the pre-sale once target hit or the period has ended is indeed an obvious solution that is worth considering and I will raise it to our discussion.
It really doesn't look good to change the rules after things have started though. ;(
July 10, 2014, 04:32:41 PM
I appreciate the effort your whole team has put into organizing everything. It already looks better than most of the IPO's out there.
As stated before, my only concern is that while you have optimized most of the things fairly well, it seems an important piece is still missing from the IPO puzzle.
The dev team has agreed that 500 btc would cover the necessary requirements for the dev fund fairly well. However, given the situation, I expect Crypti to raise at least between 800-1000 btc. Now it seems obvious that there should be a point where because of too much investment Crypti will be over diluted and over priced, and it will certainly not be good if Crypti would reach that point starting from the IPO. Further more, I think the dev team interest along with the investors interest should be among the most important things to keep in mind while deciding the IPO rules.
That said, I'm not sure why the IPO is set to last one whole month. A better option would be to set a cap of lets say 1000 btc(or whatever reasonable sum you decide) or if the cap is not reached you have an open time limit of 1 month. The idea being that after 1000 btc(or whatever sum) the IPO will go against the best interest of its investors because of over pricing and over dilution. If this should happen, both the early investors and the late investors will suffer in the process. Maybe some kind of upper cap limit(2x-3x of what is actually needed for development) could be proposed and added to ensure a basic safety net for the investors who are looking forward to joining and contributing to the project.
Any thoughts on that?
As stated before, my only concern is that while you have optimized most of the things fairly well, it seems an important piece is still missing from the IPO puzzle.
The dev team has agreed that 500 btc would cover the necessary requirements for the dev fund fairly well. However, given the situation, I expect Crypti to raise at least between 800-1000 btc. Now it seems obvious that there should be a point where because of too much investment Crypti will be over diluted and over priced, and it will certainly not be good if Crypti would reach that point starting from the IPO. Further more, I think the dev team interest along with the investors interest should be among the most important things to keep in mind while deciding the IPO rules.
That said, I'm not sure why the IPO is set to last one whole month. A better option would be to set a cap of lets say 1000 btc(or whatever reasonable sum you decide) or if the cap is not reached you have an open time limit of 1 month. The idea being that after 1000 btc(or whatever sum) the IPO will go against the best interest of its investors because of over pricing and over dilution. If this should happen, both the early investors and the late investors will suffer in the process. Maybe some kind of upper cap limit(2x-3x of what is actually needed for development) could be proposed and added to ensure a basic safety net for the investors who are looking forward to joining and contributing to the project.
Any thoughts on that?
Thanks for your suggestions, finishing the pre-sale once target hit or the period has ended is indeed an obvious solution that is worth considering and I will raise it to our discussion.
July 10, 2014, 04:29:37 PM
Guys where is the 5000 BTC figure? If that is correct the only people making money out of this IPO is the Devs....
Who said about 5000 btc? Only bter added it as "cap". But i think it's impossible
So this is not a 1btc = a set amount of crypti right?
Right, it's pro-rated based on the total amount invested against to total coin population minus 15% (I expect they will get enough so the dev fund is 0% considering it's almost at 200 BTC on day 0 and maxmint's escrow didn't even start yet.
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