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.
You are retarded my "friend"
Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 555. (Read 804701 times)
July 10, 2014, 10:41:42 AM
You are retarded my "friend"
July 10, 2014, 10:28:20 AM
Isn't the CRY transfer fee 1% already? Is BTER charging 1% on top of that?
Quote
Bter.com
Crypti buy fee: 0%
Withdrawal fee: 1% + 1 Crypti
Supports refunds
Crypti buy fee: 0%
Withdrawal fee: 1% + 1 Crypti
Supports refunds
https://github.com/crypti/crypti-docs/blob/master/presale.md
Thanks, but that doesn't answer my question.
July 10, 2014, 10:26:54 AM
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.
July 10, 2014, 10:23:05 AM
Yesssss finally !!!
I waited so long for this one...lets roll !!
I would like to take the opportunity to kiss some ass and say that you Dev's have been outstanding in all aspects since the first page of the Pre-Ann thread. quick answers, consultations with the community, implementing our suggestions and all under nonstop trolls attacks. Well done guys you're proving yourselves just right!
In the same note, i would like to strongly suggest we do reconsider some sort of general Pre-sale Cap. This Cap can be big (1000~ BTC) but we must set it now. By the interest shown here and due to the Bter sales rate, this can get out of proportion very soon and Lead to premature congestion while lowering the Buys force at the exchanges past the pre-sale. if that indeed happens Crypti price will be constantly dropping in the near future. capping the pre-sale will benefit both us the intial investors and both the future demand for crypti.
I waited so long for this one...lets roll !!
I would like to take the opportunity to kiss some ass and say that you Dev's have been outstanding in all aspects since the first page of the Pre-Ann thread. quick answers, consultations with the community, implementing our suggestions and all under nonstop trolls attacks. Well done guys you're proving yourselves just right!
In the same note, i would like to strongly suggest we do reconsider some sort of general Pre-sale Cap. This Cap can be big (1000~ BTC) but we must set it now. By the interest shown here and due to the Bter sales rate, this can get out of proportion very soon and Lead to premature congestion while lowering the Buys force at the exchanges past the pre-sale. if that indeed happens Crypti price will be constantly dropping in the near future. capping the pre-sale will benefit both us the intial investors and both the future demand for crypti.
Thanks for the kind words
.We received multiple suggestions regarding the cap, and now seriously considering it yet again. If any change, we will announce it as usual.
July 10, 2014, 10:22:42 AM
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.
July 10, 2014, 10:21:07 AM
Almost there!!!
July 10, 2014, 10:19:00 AM
So...let me guess, you keep all the BTC from the IPO from the SALE of the coins, and you keep 25% from the total coins too?
What am I missing?
What am I missing?
https://github.com/crypti/crypti-docs/blob/master/presale.md
...I am just keeping my share of CRYPTI by the way...
I don't understand anything from that...
you sell coins to the ipo, lets say 75.000.000 coins = 75 BTC, this is only an example.
You get the 75 BTC, and you still keep the 25% from the total number of coins?
No, they would keep 15% in that case. Said to be the community fund. I guess they don't trust that large steakholders will fund projects the way it happened in NXT and Qora.
July 10, 2014, 10:16:24 AM
The former does sound wrong. However, the latter is pretty normal. The block chain is public and any block explorer will allow the ability to see any account's balance and all it's transactions.
The former is due to API being authenticated via GET, we are POST/SSL'ing it right now.
The latter is indeed a part of the API for upcoming block-chain explorer.
July 10, 2014, 10:16:05 AM
Just bumping this up :
Reason I ask this as Node.js doesn't have the same amount of developers or as big a community backing as say Java or C++. Nevertheless from what I know about it is that it scales better, but it suffers when tasked to do mathematical equations etc. Considering that all digital currencies are based on cryptography which itself is extremely mathematical intense, wouldn't that hinder Crypti's ability to scale as Node.js just doesn't run mathematical tasks as quick as other languages.
Quote
you say that a Crypti SDK can leverage the network to allow the development of "decentralized networks with its own fee structure and assets", will you guys actually develop any of the mentioned platforms such as cloud storage etc yourself or will you leave that up to third-party developers
Reason I ask this as Node.js doesn't have the same amount of developers or as big a community backing as say Java or C++. Nevertheless from what I know about it is that it scales better, but it suffers when tasked to do mathematical equations etc. Considering that all digital currencies are based on cryptography which itself is extremely mathematical intense, wouldn't that hinder Crypti's ability to scale as Node.js just doesn't run mathematical tasks as quick as other languages.
Node.js is a standalont runtime execution engine for javascript made from the Chrome V8 engine.
So, the code is javascript. There are probably more javascript devs on the planet than any other language.
July 10, 2014, 10:15:18 AM
Yesssss finally !!!
I waited so long for this one...lets roll !!
I would like to take the opportunity to kiss some ass and say that you Dev's have been outstanding in all aspects since the first page of the Pre-Ann thread. quick answers, consultations with the community, implementing our suggestions and all under nonstop trolls attacks. Well done guys you're proving yourselves just right!
In the same note, i would like to strongly suggest we do reconsider some sort of general Pre-sale Cap. This Cap can be big (1000~ BTC) but we must set it now. By the interest shown here and due to the Bter sales rate, this can get out of proportion very soon and Lead to premature congestion while lowering the Buys force at the exchanges past the pre-sale. if that indeed happens Crypti price will be constantly dropping in the near future. capping the pre-sale will benefit both us the intial investors and both the future demand for crypti.
I waited so long for this one...lets roll !!
I would like to take the opportunity to kiss some ass and say that you Dev's have been outstanding in all aspects since the first page of the Pre-Ann thread. quick answers, consultations with the community, implementing our suggestions and all under nonstop trolls attacks. Well done guys you're proving yourselves just right!
In the same note, i would like to strongly suggest we do reconsider some sort of general Pre-sale Cap. This Cap can be big (1000~ BTC) but we must set it now. By the interest shown here and due to the Bter sales rate, this can get out of proportion very soon and Lead to premature congestion while lowering the Buys force at the exchanges past the pre-sale. if that indeed happens Crypti price will be constantly dropping in the near future. capping the pre-sale will benefit both us the intial investors and both the future demand for crypti.
Why doesn't the OP of this thread just delete all the trolls' posts that bring nothing but ranting and raving to the thread. The topic is self-moderated....
July 10, 2014, 10:13:39 AM
Quick question, will the desktop clients for Windows be packaged as .exe's? Also from a usability perspective don't you think a 100 character pass-phrase is a bit long?
We are looking to eventually package the node via NSIS installing, making them indeed one-click installable.
XCP wallet (https://counterwallet.co) uses about 80 - 85, hence the extra 15 are negligible and bring you towards the round number of 100.
Ah okay, never used XCP hence the confusion at the long pass-phrase, coming from a QT here so thought it would be shorter
. Also you say that a Crypti SDK can leverage the network to allow the development of "decentralized networks with its own fee structure and assets", will you guys actually develop any of the mentioned platforms such as cloud storage etc yourself or will you leave that up to third-party developersprivate keys in bitcoin are 50 chars. 100 is probably overkill. But, it doesn't matter to me as I won't be typing it in ever.
July 10, 2014, 10:10:47 AM
Yesssss finally !!!
I waited so long for this one...lets roll !!
I would like to take the opportunity to kiss some ass and say that you Dev's have been outstanding in all aspects since the first page of the Pre-Ann thread. quick answers, consultations with the community, implementing our suggestions and all under nonstop trolls attacks. Well done guys you're proving yourselves just right!
In the same note, i would like to strongly suggest we do reconsider some sort of general Pre-sale Cap. This Cap can be big (1000~ BTC) but we must set it now. By the interest shown here and due to the Bter sales rate, this can get out of proportion very soon and Lead to premature congestion while lowering the Buys force at the exchanges past the pre-sale. if that indeed happens Crypti price will be constantly dropping in the near future. capping the pre-sale will benefit both us the intial investors and both the future demand for crypti.
I waited so long for this one...lets roll !!
I would like to take the opportunity to kiss some ass and say that you Dev's have been outstanding in all aspects since the first page of the Pre-Ann thread. quick answers, consultations with the community, implementing our suggestions and all under nonstop trolls attacks. Well done guys you're proving yourselves just right!
In the same note, i would like to strongly suggest we do reconsider some sort of general Pre-sale Cap. This Cap can be big (1000~ BTC) but we must set it now. By the interest shown here and due to the Bter sales rate, this can get out of proportion very soon and Lead to premature congestion while lowering the Buys force at the exchanges past the pre-sale. if that indeed happens Crypti price will be constantly dropping in the near future. capping the pre-sale will benefit both us the intial investors and both the future demand for crypti.
July 10, 2014, 10:09:09 AM
Even with Maxmint and bter as escrow:
here is a possible scenario...
Crypti launched, people get their stake, devfund gets their BTC, whitepaper and roadmap released, hype and exchanges, suddenly devfund of cryptsy now sold for BTC. Suddenly whole devfund of BTC missing. Suddenly dev missing. Sorry, didn't work out. Look what happened with Silkcoin before it got resurrected. Actually thinking about it... there's some similarities. Wulfcastle involved with this coin at all?
Do you have a solution for the devfund safety that I have missed?
here is a possible scenario...
Crypti launched, people get their stake, devfund gets their BTC, whitepaper and roadmap released, hype and exchanges, suddenly devfund of cryptsy now sold for BTC. Suddenly whole devfund of BTC missing. Suddenly dev missing. Sorry, didn't work out. Look what happened with Silkcoin before it got resurrected. Actually thinking about it... there's some similarities. Wulfcastle involved with this coin at all?
Do you have a solution for the devfund safety that I have missed?
Yes, a multi-signature wallet, with keys held at hand of the foundation members, who will use them only periodically for expenses management.
As the foundation will consist from launch team and publicly elected community members, it's extremely unlikely there will be enough consensus among everyone to ran away with the funds (and do a good cover story for that).
This on top of the fact that to some of us, reputation is more valuable than money.
July 10, 2014, 10:05:48 AM
The "third-party local program" argument is invalid because a malicious third party local program can read a passphrase input in to a web page also.
Input logging requires higher system rights than reading storage. And sometimes the attacker has remote access to the computer (through vnc or same) and if you have opened page and the password is stored in the browser - the money is taken away. Similar case has been described by one local forum.
I understand that you have a huge IPO going on, but you owe it to those buying to ensure that their data is safe.
This is your "authentication": http://crypti.me:6040/api/unlock?secretPhrase=lksdjfhsdkfjsdhfksdjfhsdkjfhsdkjfhksjdfhkjsdfhksdjfhaskdjfhksadjfhaskldf
That is SCARY that is not authentication, that is a passphrase being sent in plain text in an url, over plain http.
I cannot stress how bad this is, I have never seen anything so insecure in my entire life.
WTF? authentication isn't even used.. here view my balance: http://crypti.me:6040/api/getAllTransactions?accountId=15413165176907764021C
You need to do something about this now, people are buying with huge amounts of BTC!
The former does sound wrong. However, the latter is pretty normal. The block chain is public and any block explorer will allow the ability to see any account's balance and all it's transactions.
July 10, 2014, 10:02:07 AM
Use localStorage in the browser, this is a reasonable solution which requires no usage of cookies. The passphrase is stored in the users local browser.
LocalStorage is replacement for Cookie. It's not safe. You can read the content of localStorage by using third-party local program or manual using browser tools.Can you tell exactly how Ripple uses the localStorage?
You could ask the user to enter a 6 digit pin and encrypt the password using that and store it encrypted in localStorage. That way, you are not storing the password in plain text. As long as you only keep it in browser memory for the small amount of time needed to sign. They still need to enter the pin to send money, but that is easier than typing the whole phrase.
However, it's really not that hard to install LastPass into your browser. That's what I use with NXT and FIMK and i never have to type my pass phrases.
July 10, 2014, 09:59:35 AM
Someone bought for 7 btc in bter ! 
People are dumping NXT and buying Crypti.
I'm not sure the dumping is really related to us, however we are certainly grateful for the trust!People are dumping NXT and buying Crypti.
Klee got hacked and he lost about 6 millions of Nxt and 1170 btc. The hacker was dumping the stolen Nxt. - https://twitter.com/TwinWinNerD/status/487215910370164736
July 10, 2014, 09:58:34 AM
OK... aside from the devs introducing a direct investment option... maxmint's escrow option is preferable because the 1% fee will be charged on the BTC transfer and NOT on the final amount of CRYPTI. Let's assume you want all your CRYPTI moved to your local wallet when everything is said and done... with Bter you will be charged a 1% Withdrawal fee on the total amount of CRYPTI including the bonus.
Hey... it's not my fault I'm poor... just trying to get my hands on more CRYPTI!!!
Isn't the CRY transfer fee 1% already? Is BTER charging 1% on top of that?
July 10, 2014, 09:57:56 AM
Will the wallet be available on the NPM system, for those that already have node installed?
Good idea, we can consider publishing to NPM as well.
July 10, 2014, 09:52:54 AM
You not right about NXT. NXT code has not been obfuscated, in at least in December-February.
I decompiled NXT, changed the code and launched its as own version of NXT for various experiments.
NXT was in fact open-source.
I have question about Crypti client.
1. Can you describe how difficult it is to run it?
Can I run it in one click as bitcoin QT? Do I need to install any dependencies?
Can I launch it using binary launcher?
2. What size of setup file?
I remember that that some users did not like the way the NXT launch (by jar file), they had some problems with it (for example with version of jre).
I decompiled NXT, changed the code and launched its as own version of NXT for various experiments.
NXT was in fact open-source.
I have question about Crypti client.
1. Can you describe how difficult it is to run it?
Can I run it in one click as bitcoin QT? Do I need to install any dependencies?
Can I launch it using binary launcher?
2. What size of setup file?
I remember that that some users did not like the way the NXT launch (by jar file), they had some problems with it (for example with version of jre).
I'm aware of it, and you could actually try to do the same with Crypti code, once the Crypti node is released to download after the pre-sale ends.
That said, a de-obfuscated version should be hard enough to work with, still giving competitive advantage entry against clones.
We working to make it a one-click install / launch operation, so you just could download an installer (probably NSIS based) and be good to go.
Further details will be provided onwards.
Will the wallet be available on the NPM system, for those that already have node installed?
July 10, 2014, 09:51:05 AM
What is the reasoning for only releasing wallet or code after the presale?
What is the reasoning for giving bonus for early buying?
I dont understand.
Why cant we see what we investing in and why try to force people to invest early without this knowledge?
What is the reasoning for giving bonus for early buying?
I dont understand.
Why cant we see what we investing in and why try to force people to invest early without this knowledge?
Wallet is already available, you can check the test version, which is constantly being improved.
Code will be released in quarterly milestones, in order to give competitive advantage against clones (this actually how NXT did as well).
Bonus is given to encourage people not to wait for the last minute and try to catch a bigger piece of total stake (as we see it happening many times).
Thanks for answering my questions.
It seems that dev team will be successful in raising a relatively significant amount of BTC with this distribution model.
Will this all go into an visible account where the investors can see the movement?
Who will actually have control over this?
What is to stop anyone from taking it and dropping the project?
What is there to incentivize the dev team to carry on developing if they get paid upfront?
Even with Maxmint and bter as escrow:
here is a possible scenario...
Crypti launched, people get their stake, devfund gets their BTC, whitepaper and roadmap released, hype and exchanges, suddenly devfund of cryptsy now sold for BTC. Suddenly whole devfund of BTC missing. Suddenly dev missing. Sorry, didn't work out. Look what happened with Silkcoin before it got resurrected. Actually thinking about it... there's some similarities. Wulfcastle involved with this coin at all?
Do you have a solution for the devfund safety that I have missed?
This could be solved by the escrow agent holding all the 15% Crypt community fund and and percentage that is the DEV fund to be sure it all isn't dumped. I know it wasn't in the original plan, but that would assuage these warnings. If MAxMint held the Crypt that wasn't sold in the IPO.
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