Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 592. (Read 804702 times)

As I mentioned before, the cap is irrelevant for the most part. Yes, you will get a smaller amount strictly speaking in numbers terms, but the valuation of each coin will be higher due to the larger amount raised in the initial distribution which typically sets initial valuation.

I am a little bit worried because there is no cap on invested money.

I am pretty happy to invest 1 BTC if the cap would be 100 BTC.
But without a cap and figures thrown around like 500 BTC, the situation looks different.

So I didn´t come to a final decision.

I want to know what name CRYPTI was using in this blog previously.  The handle "CRYPTI" is a newby handle, obviously created to match the coin name.  

SO, before any of us pays our money, a little more investigation into the devs is required.

SO>>>>>>>> Crypti......... what other handles have you been using here???

What is average performance with node.js when it comes to transaction volume? How many transactions per second can average Crypti node (average mobile phone?) can
handle without running into major system performance problems?

U never heard of NEM and Qora?

NEM and qora both are 2nd generation coin with own renovation, the difference is that  NEM have fair distribution but Qora doesn't.  

NEM has 4000 users each own one share. There is still some sock puppets accounts,but it is in reasonable level.
Qora has no BTC limit at all. Several investor each of them own more than 3% of total coins.

Result is
NEM already reach 10000 btc cap level even before official launch. ( sell token on AE, Each token worth 2.5 btc)
Qora has only 4000 btc cap, and has much less buy order support.

If CRypti is a long term project, you should consider distribution structure before too late.

There is noway to do a pure perfect distribution. what we can do is to make it fair at a reasonable level.

 Do not fail to do good even if it's small; do not engage in evil even if it's small.

I think we are showing by our actions that we do listen and we want ideas and opinions from the community. It is of utmost importance to us.

If anyone has any ideas, please, bring them forward.

As per your quote at the bottom, i'm not sure I understand what you are referring to or how to respond to that.

I am not trying to fix anything, since i doubt you will listen voice from us.


PLZ remember : Do not fail to do good even if it's small; do not engage in evil even if it's small.
Your logic is like, since i can't be a perfect person, why should i bother to be a good person.

Which went which route?

For me, limiting the amount of BTC per investor simply encourages gaming the system. Those who obey the rules are penalized by the 1 BTC cap, but those who choose otherwise will simply open up multiple wallets and send funds from several accounts to increase their stake. As I mentioned before, the only way to stop this practice is real world identity validation but I doubt most people on here want to send us drivers license or social security numbers! 

We had quite a few discussions as I previously mentioned about how best to do this and we decided on leaving it open ended. That is something we voted on, came to a decision, and feel comfortable with.

This is a fair concern and has been brought up previously. Right now there is no vesting in place for the 15% developer payment. This is payment for services rendered and complete and technically if they want to walk I don't think anyone could stop them. They deserve to be paid for work already accomplished.

As per the developer fund (the BTC + scaling 10%) that will be maintained in the public wallets, it will be community driven and released to pay for specific bounties and goals. This will be openly managed and the Foundation will work in a way that all items can be brought by the community and voted on for development purposes. We talked about creating a vesting schedule and approaching an escrow about linking developer funds release based on milestones or even coding it into the block chain (for the 10%) to release at certain intervals but no decision has been set in stone. I don't know if anything like this has been done previously but we did discuss it at one point.

If this is something that would help ease a lot of minds in regards to investing we can re-open it for discussion. The only issue would be if there is a service that requires a handsome fee, we would need to make sure developer funds were not locked up somewhere that would cause development to halt. Some services cost a lot more than people often realize. A code audit for instance can cost anywhere from 10-20 BTC.

this is good coin and i buy a stake here tommorow

I would like to know something:

AFTER the IPO is completed, and the coin launches, will there be any additional income for the devs? 

If little or no additional income is forthcoming for the devs, what is to stop them from taking their 100-500 BTC and proceeding to the next coin launch? 

BTC limit is the difference between NEM and Qora.     

NEM went to the moon. And Qora still don't have much trading volume.

One parameter I know that BCNext set for Nxt IPO was that the upper limit for each investor was 1 BTC.

I didn't read the announcement till now.  I argue with GreXX only because some other people called him greedy, and he picked up on me.

and i never called him greedy directly.

He got upset  and pick up on me and pissed me off. that all what happened!!!

I am not even interested in this project(unsure how the name spelling), just no idea how be involved in all of this drama.

1. Get 100 BTC and distribute 75% of Crypti, an unknown and possibly never-to-achieve-anything cryptocoin.
2. Get 500 BTC and distribute 85% of Crypti, an unknown and possibly never-to-achieve-anything cryptocoin.

Any sane person would chose 2.

I'd like to encourage everyone to see the updated OP:
https://bitcointalksearch.org/topic/m.7344569

It includes both final pre-sale time start, and the changes to distribution and fee structure.

Unfortunately, I need to respond to this post in the off chance someone new comes along, reads your math, and thinks it is in any way remotely accurate, which it so obviously isn't.

I don't even know how to argue with your calculations as I have no idea where you managed to pull those numbers from. Nowhere on this thread does it even remotely indicate that under any circumstances would investors receive any less than 75% of the genesis block. That is set in stone. For reference for anyone else reading this, were we to raise 100 BTC in the pre-sale funding, we would lower the developer fund of 10% of genesis to 8% of genesis, therein putting 2% more into the investor pot. So investors would now receive 77% of the genesis block and the developers would receive 8% for future development along with the 100 BTC.

That is the math as we have laid it out within this thread.

As per your comment about investing ourselves to reach the 500 BTC goal, what point would that serve? I don't even see where we would benefit from that, the investors would benefit from that. If we reach the 500 BTC goal, 0% of the genesis block would go to the development team, and 85% would go to investors. There is no major benefit for the development team for reaching the 500 BTC mark other than the fact that we earn more funding for future development from the additional BTC earned, which really benefits the entire community.

As per 500BTC, again it's not the final goal and we will be happy with any combination below it.

Finally, as per GreXX post the only "threat" that he meant (if it can be called that) that we will be forced to moderate the thread, if a hard to read font will be used. I don't really see him being "upset" anywhere, and it actually was first introduced by your post...

Maybe you should go re-read the details before you post... Pre-sale will distribute, at a minimum, 75% of the coins to investors. If 100 btc is invested, then only 15 + 8% will go to the dev team- meaning 77% goes to the investors...

Expect very much, I want to join