Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 71. (Read 804672 times)

Crypti v0.3.0 - Aphrodite

The Crypti Foundation hereby proudly announces the release of v0.3.0, codename: **Aphrodite**. It's the second major release, with the first one being v0.2.0 alias Chronos.

With Aphrodite comes a complete new user interface and many awesome new features. This delivers an unseen user experience and we hope that you like this release as much as we!

Download links can be found on our blog!


Continue reading on our blog..

Good news guys, we are currently updating to Crypti v0.3.0! We prepare our delegates and will come back to you when everything is ready.

Crypti ticker updated

Hey guys, today is a busy day.

I just updated the price ticker of my private project X, it now offers the latest price and volume of Poloniex and Bter. Along with an average price ticker of both, weighted by the volume the exchanges have. I think it's a great page to get a quick overview of the current price. Especially if you are on a mobile device.

Have fun.

http://price.xcrypti.com

You can be 100% sure that some guy will code a sports betting dapp, as this is free money for him.

We don't have a timeline for the source code for sidechains and dapp functionality yet. We will first release the v0.1.9 branch source code to the public some time in the future. 

The between-the-lines message I am getting here is that the Crypti Foundation / key devs plan to set up not only a physical office but also release its own dapps that will generate a profit to be processed through that office.  Which is a great, cool thing.  Good luck with that.

I can see where a decentralized sports betting dapp like I have outlined would not fit in with such a centralized, profit-making enterprise having conventional banking and governmental ties.  Such a dapp would have to be done much more anonymously, by a team interested more in Crypti value appreciation than ongoing profit generation.

Um, what is the timeline again for the Crypti source code version with custom blockchains / smart contracts to be released to the public domain for inspection?

I just pushed an update to http://crypti.tips/.

You can now redeem coupons to get 120 XCR. With these you will be able to try out some Crypti functions like making a username, adding a few contacts, send money around and vote for a few delegates.


You can generate a coupon here: http://crypti.tips/create_coupons.php and then use it, to fund your testnet account with it. Try it out!

Status Report - 18th June 2015

Our weekly blog post is out! This week we covered very interesting aspects of our recent developments.

The covered aspects are:

• Crypti v0.3.0
• Whitepaper
• crypti.tips
• Crypti correspondents

Quick summarize:

• Crypti v0.3.0 (full client) gets released this week!
• Lite client will follow 2 weeks later.
• Whitepaper gets released next week.

Read the full blog post..

To update you guys, I will write down the status report in 1-2 hours.

Mal,

We are at risk of having a page long reply if we continue this discussion here.  This is more suited for Slack than BTT.

But let me just answer your query on the need for a physical address.  Strange thing about banks, they dont let you use a web address for an account.  If you dont have a brick and mortar address, no account. 

Apple and Google only pay to bank accounts in select countries. 

If Crypti begins to make income from dapps, it will only come as fiat from Google/Apple.  They wont pay us in BTC.   We have a choice of USD or EUROS. 

Crypto currency is great, but you cant buy groceries, gasoline, clothing, or pay rent with it yet.  And in Russia, you can have it taken away by the gov't. 

Perhaps you should PM us with a Slack address, and we can have the team discuss your ideas?

So let's bypass Apple and Google and forget smartphone apps.  Go with a handheld wifi terminal that runs Linux that is cheap and readily available worldwide that people would gladly purchase to be a dedicated gambling terminal.  Like the upcoming PocketCHIP:

https://www.kickstarter.com/projects/1598272670/chip-the-worlds-first-9-computer/description

I started ranting about putting Crypti on this thing back on page 539 of this thread.  The Kickstarter campaign is now over ($2M raised!) and they are slated to release 15,000+ of these in 10 months next May.  Who knows how many they will sell after that - lots, if it is running a Crypti sports gaming dapp with Betfair API and Coinomat exchange functionality that we develop in the next 10 months.  We could become a major driver of their sales!

I went ahead and signed up as a Kernel Hacker on this Kickstarter, so I will be getting one of the PocketCHIP prototypes in September.  I will donate it to the cause if we start developing a Crypti sports gambling dapp.


Why in the world would we set up a physical, legal or business presence anywhere?   Why would we want or need to do so for this proposed project?  The whole point is decentralization.  The Crypti dev team uploads to Github or other code storage site a Crypti sports gaming dapp to run on PocketCHIP, which is downloaded by users onto their personal PocketCHIP.   What is there to confiscate?  All I'm interested in is seeing the value of Crypti rise as more people get involved in turning their PocketCHIP into a private gambling terminal and buy Crypti as "gaming tokens" as necessary to use the system.  Nobody can confiscate anybody's holdings off of the blockchain, right?


This problem is going to exist for any dapp.  The key is that a sports betting dapp cannot be done directly with BTC as tokens because they lack custom chains and smart contracts and can be done by XCR once we develop these features.  This means such a dapp will create a market for BTC/XCR exchange and that will drive XCR price up.  As long as BTC is a "currency", we're good to go.  Bter and Cryptsy both process XCR directly now (by exchanging it to BTC first if nothing else) and will release dollars to your bank account.     Coinomat says they will put the value of a crypto sale to them on a prepaid credit card to spend in the real world and very soon we are going to be a partner in Coinomat (for what that's worth).   If Coinomat turns out to be a bust, we keep looking.  Everybody needs a crypto-to-fiat solution for every significant crypto application.   The fact this remains a "shaky leg of the stool" currently is no reason to give up on a Crypti sports betting app.


What is the scenario involving the US Government you see that would hamper a Crypti sports betting app as I have outlined it above?  A DoJ official gets a warrant...and serves it on who, to get control of what, exactly?  Where is the access point where the US Government can do anything about a Crypti sports betting app?  Shut down 101 servers scattered worldwide to freeze our blockchain?  Go house to house confiscating personal PocketCHIPs?  Confiscate a bank account that accepted BTC purchased earlier with XCR on some other exchange?



I don't see hurdles to a Crypti sports betting app; if we go with PocketCHIP instead of smartphones, all I see is opportunity.  And if we target our development to have a simultaneous release with PocketCHIP, we've got 10 months to prepare.

I still say we should go for it.
 

Mal,

We have looked into having a gambling Dapp.  I did considerable research on this two months ago when one of the XCR team desired to make a Video Poker Dapp.  I am still working on it now.  

First, we discovered that Apple and Google do not allow any apps that have real gambling.  Gambling games must use dedicated in-game tokens, not real money or crypto.  

Second, both Apple and Google do not allow any apps that allow the use of crypto currencys for in-game functions.  They have allowed an app for a BTC wallet, and an app that tracks BTC and other crypto currency prices.  They have refused to allow apps that use any crypto for ingame functions.  They also have refused apps that allow Coinbase type purchases of crypto.  

Third issue is the need for protection against government interference and funds confiscation.  Presently, Crypti is based in Russia and/or Israel.  Both countries are hostile to crypto and gambling activities.  Mann is friendly to crypto businesses.  I have had several conversations with the government there recently.  The license to operate in Mann is $50,000 Euros per year, plus you need to hire a "local agent" to be your on-island presence.  Mann is not gambling friendly.  The Mann banks do not accept deposits from gambling businesses.  

Fourth issue, is the ability to exchange crypto for fiat and then deposit this fiat in a bank.  Banks are refusing to accept deposits from crypto exchanges, as well as other types of businesses (gun stores, legal marijuana dispensaries, legal brothels).  

Fifth issue is the US currency laws. The US is demanding auditing rights of every account in any bank in the world that has a single account owned by a "US Person"; as well as legal jurisdiction of any transaction in USD anywhere in the world over $10,000 USD.    Companies doing business in the US, that are not US based, are subject to a 30% tax on exported funds to ensure that they pay US income taxes on profits. They then must file an income tax 1040 form to get any refund due.  Since most of the Crypti team is not in the US, they dont want to be subject to US banking laws and potential taxes.  

So, you see Mal, we have several hurdles to jump over here.  

We have a lot of potential, but we did not have a 2 million dollar IPO or Crowdfund.  We can tackle these issues, but on our limited budget, it is a pay as you go situation.

I don't see a problem here - do you?   Crypti IS a token. What can you buy with it?  Nothing.  Where can you spend it?  Nowhere.  Do current game apps allow you to pay real money for in-game tokens/assets?  Yes.  

If we do create a sports betting dapp on side blockchains, it will be a game token smartphone app that is eligible for distribution on both Google Play and Apple App Store.  The fact that Crypti can (with great difficulty) be exchanged / cashed out for something that is less like a token and more like money does not disqualify a dapp based on it from distribution via Google or Apple.

Don't confuse Android and Google Play Store.  Even if Google Play Store were to disallow a Crypti dapp for download there, many other ways exist to get that app/dapp onto Android smartphones.

http://www.digitaltrends.com/mobile/android-app-stores/2/



True in the past, but not in the future.  Think big.  This is an idea worth pursuing and if it were a simple rollout it would have been done already.  What I am proposing is a smartphone-based version of the Betfair gambling website whose customer wagers are recorded and serviced on a Crypti side blockchain instead of a UK website server farm.  This can be done.  It would have huge advantages in expanding sports gaming beyond government reach.  It would put Crypti on the map and make us a premier cryptocurrency virtually overnight.

And replacing / competing with Betfair is BIG BUSINESS.  I ran across an article today about just how big Betfair is:

http://www.cityam.com/218152/betfair-enjoys-surge-profits-customer-base-grows-half

Betfair has 1.7 million customers.  Crypti can evolve to take a BIG piece of this pie.  Let's do it.

Mal,

Neither Android or Apple allow gambling apps.  The casino apps you see there are token based, and are not using real money.

Gambling sites have to be accessed through a browser. 

To get people interested in a Crypti sports betting dapp, we've got to branch out beyond our currently pathetic relationship with Cryptsy/Bter/Poloniex.  In three more days we are apparently going to win the vote to get integrated into Coinomat, which could be critical in easily converting Crypti into other forms of "real money" that could be spent by sports betting users.  This is also a key component in making a sports betting dapp work and gain wide usage.

https://coinomat.com/coinvoting.php

Say we create an Android smartphone app that is also a Crypti sports betting dapp.  The Android app would access the Crypti blockchain system through the Crypti subroutine, get current betting information (recent winners in previous races and current odds in upcoming races) through the Betfair API, and handle transactions / transformations between Crypti and other currencies via access to the Coinomat system.  A user would have to register an account at Crypti, Betfair and Coinomat.  This registration could be automated and consolidated into the Android smartphone app.  Betfair will not accept packets originating from the US because of the aggressive anti-gambling stance of the US Justice Department so the Android app would have to include a VPN function to route all comms with Betfair thru the EU.  Betfair required users of their API system to get a "user key", also part of the registration process.

So...you have to have real-world interfaces to several existing systems, but your personal bets would not be on a single computer server that could be raided or shut down, they would be on the blockchain.  There would be no single person that the US Justice Department could arrest or single "bookie" website that could seized.  Betfair (a licensed UK corporation) would only be providing information to a Crypti dapp, not actually holding the money (which is how Betfair makes a profit currently in the real world - they act as the escrow bagman / smart contract agent between their users).   Coinomat is registered in the Cayman Islands and that's probably about as "safe" as it gets with money exchange.  

So yeah, an Android smartphone app / Crypti dapp for sports betting would be revolutionary - and decentralized.  Coinomat would work with us to develop this because it would help their growth, too.  Betfair would never know we were doing it - we would just be adding more users to their routine API system.

This is too good of an idea to let it die.  Once custom blockchains / smart contracts are a part of Crypti, I will start hammering on this idea over and over to organize the required programming effort.  Which will be significant but worth it.

Would this still be decentralized? I won't go into such areas, I'm just curious.

If you want to get started on a sports betting dapp, the logical place to start is with the Betfair API.

https://developer.betfair.com/

To get people interested in a Crypti sprts betting dapp, we've got to branch out beyond our currently pathetic relationship with Cryptsy/Bter/Poloniex.  In three more days we are apparently going to win the vote to get integrated into Coinomat, which could be critical in easily converting Crypti into other forms of "real money" that could be spent by sports betting users.  This is also a key component in making a sports betting dapp work and gain wide usage.

https://coinomat.com/coinvoting.php

We are fully aware of this and once we are far enough with the development, the dapp space will enjoy our utmost attention.

I really like this idea too. Dapps will shine brightest only when they accomplish something "normal" apps cannot...

And spending all the money it would generate when Crypti value goes to the moon may take the rest of our lives.

We understand you, it will take a short while more. Please remind, v0.3.0 not only have a new UI. It has many new features as well, including several bugfixes and refactoring of many code parts.