[XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 562.

SyRenity

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Quote from: ?? on ??

Quote from: mishax1 on July 09, 2014, 04:19:59 PM

Will you provide a direct option to purchase CRYPTI without using the escrow services that require 1% fee ?

Please provide a DEFINITIVE answer to this^^^ before the official pre-sale starts... it won't be fair if such option is introduced later.

Having two different escrow channels, I don't expect we will introduce a direct one as it will both complicate post-presale calculations and cause some wariness in the community.

crypti

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Boris, Crypti Lead Developer, Lisk Advisor

Quote from: prix on July 10, 2014, 01:49:32 AM

Quote from: SyRenity on July 10, 2014, 12:55:19 AM

Code will be released in quarterly milestones, in order to give competitive advantage against clones (this actually how NXT did as well).

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 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).

1. For Crypti you need Node.js, for NXT you need Java.
2. Yes, you will run it via one click and then open your browser with http://localhost:6040 for example.
3. In future we will provide binary launcher, now it's zip archive with bat/sh file to run.
4. Sources around 500 kb + modules around 2-5 mb.

Acidyo

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Will Bitcoin Rise Again to $60,000?

Quote from: crypti on July 10, 2014, 02:02:49 AM

Today will be update:
- Ledger.
- OpenSSL for wallet.
- Fixes in UI.

Wait for news. We collect 55 BTC now, it's very good.

This sounds really promising.

crypti

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Activity: 511

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Boris, Crypti Lead Developer, Lisk Advisor

Today will be update:
- Ledger.
- OpenSSL for wallet.
- Fixes in UI.

Wait for news. We collect 55 BTC now, it's very good.

SyRenity

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Activity: 756

Merit: 502

Quote from: prix on July 10, 2014, 01:49:32 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'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.

prix

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Quote from: SyRenity on July 10, 2014, 12:55:19 AM

Code will be released in quarterly milestones, in order to give competitive advantage against clones (this actually how NXT did as well).

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 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).

SyRenity

hero member

Activity: 756

Merit: 502

Quote from: Dadams on July 10, 2014, 01:24:46 AM

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?

Do you have a solution for the devfund safety that I have missed?

It's a very good concern, as we all got burned by such "IPO"'s, our first priority was to ensure Crypti will be a long-term operation.

We have studied other successful cryptos models (NXT, BC, XCP, etc...), and the solution is having a strong Foundation, having members both from the launch team and from the community, that controls the decision making, the raised funds and the developers vested Crypti, and is committed to the cause of evolving Crypti to become the leading eCommerce crypto, implementing the right product, technology and marketing decisions.

Once Crypti pre-sale will be over, all raised BTC and vested Crypti's will be moved to publicly available accounts that everyone can monitor.
The Foundation will begin with the election process (based on part on the public voting) to fulfill the roles. The Foundation will have the right to replace the non-performing members or/and developers, thus always keeping the buyers best interests on top of the priorities.

GreXX actually is working hard on the Foundation charter document, and we hope to present it to the community reviews in the coming days.

Dadams

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Quote from: SyRenity on July 10, 2014, 12:55:19 AM

Quote from: Dadams on July 09, 2014, 05:51:46 PM

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?

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?

SyRenity

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Activity: 756

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Quote from: Dadams on July 09, 2014, 05:51:46 PM

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?

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).

SyRenity

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Activity: 756

Merit: 502

Quote from: Primitive on July 09, 2014, 06:05:35 PM

Quote from: crypti on July 09, 2014, 05:58:31 PM

Quote from: wizzardTim on July 09, 2014, 05:00:59 PM

The bonus works for bter too?

As i know yes, but i need SyRenity to accept my answer too.

Can you please confirm BTER early investment bonus ASAP.

Yes, it is.

SyRenity

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Activity: 756

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Quote from: ownerbest on July 09, 2014, 06:13:14 PM

There will be 5,000 BTC volume on bter, there will be no profit for investor, on doubt.

As explained earlier, CRSALE are just sale tokens and won't be trade-able, hence there is no "volume" per se.
The number was set completely arbitrary to make sure we won't need to expand the sale order in the middle of the run.

SyRenity

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Quote from: ownerbest on July 10, 2014, 12:45:41 AM

After got the meaning of bter's announcement, my suggestion, stay away from this coin!

And what meaning exactly you got that caused you to reach this conclusion, if I may ask so?

ownerbest

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After got the meaning of bter's announcement, my suggestion, stay away from this coin!

SyRenity

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Quote from: Wulfcastle on July 09, 2014, 07:24:07 PM

Will it be a dedicated client (something like a QT) that completely operates locally or will it just be a local interface that communicates with the web wallet?

It will be a full featured Crypti node with the web-wallet bundled, that you will be able to download and run from your computer or server. It actually intended to be used that way, so you could get transaction fee rewards according to Proof of Time.

SyRenity

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Quote from: GreXX on July 09, 2014, 07:46:06 PM

As best I can tell the way BTER has set up the escrow and pre-sale is to equate 1 CRSALE to 1 BTC so that it will log the amount as exactly what you invested.

So if you invest .5 BTC, that will get equated to your stake of the pre-sale total.

Once the pre-sale ledger is available, you will be able to see exactly where you stand in the rankings as far as invested amount & what it would currently get you in the pre-sale.

For now, when you invest with BTER, the amount of CRSALE you have will be how much BTC you invested in the pre-sale which will be calculated after the 30 days to see what the final distribution to you will be based on your percentage of total investments.

This is correct, CRSALE is basically a sale token which will be used to distribute Crypti once the pre-sale is over.

SyRenity

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Quote from: GreXX on July 09, 2014, 08:01:28 PM

As far as I am aware, bonus % will be provided no matter the method of investment based on day and time of investment. BTER logs the date and time of purchase so they can provide us with that information to calculate bonus % before distribution.

This is correct.

SyRenity

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Quote from: prix on July 09, 2014, 10:29:29 PM

What about SSL?

Will be added soon, note that you can generate the Crypti address anytime before you withdraw / claim the Crypti's after the pre-sale.

SyRenity

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Quote from: GreXX on July 09, 2014, 07:43:40 PM

If for some reason BTER has started taking investments already, and not all of you can get on BTER right away to invest, or would like to wait for Maxmint as an escrow agent, I promise you we will make sure that everyone who intended to invest on day 1 for the 30% will be granted the proper bonus.

I apologize for the confusion as this all kind of fell into place last minute. I know that the last day has been a bit of a whirlwind and we will make sure that we address any issues.

I confirm, it appears that Bter somehow missed my notification to push the pre-sale start by 24 hours, and started as originally planned at July 10th 00:00.
That said and as per the original plan, we will start counting bonus from July 11th, 00:00, (basically just giving bter users two full bonus days).

We apologize for any confusion this might have caused.

On the bright side, 46 BTC sold within 5 hours is very encouraging, and we are excited to look forward to how the sale will proceed.

GreXX

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Well, I would say 32 BTC in 4 hours is a great start! Thank you to anyone who is supporting us on BTER!

Details for the Maxmint escrow should be available tomorrow (I hope) for those who don't want to use BTER.

Thanks for all of your support through the last crazy couple of days and for sticking with us!

For those who were unable to get their BTC transferred over to BTER for the early start, I will talk to the rest of the team and we will make sure everyone gets a chance at the 30% bonus.

Wulfcastle

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Quote from: 775011934 on July 09, 2014, 10:26:02 PM

Quote from: zhile11911 on July 09, 2014, 08:06:36 PM

Good news ,bter had sold nearly 16 BTC in one hour . keep buying. Wink

Stupid fool, Bter is seling 5000BTC.

You do realize, that doesn't mean that all 5K BTC of CSale will be bought.

Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 562. (Read 804701 times)