Quote from: xtester on July 04, 2014, 01:32:24 PM

Quote from: SyRenity on July 04, 2014, 10:30:00 AM

Quote from: xtester on July 04, 2014, 10:18:44 AM

So will people be able to buy crypti directly with Nxt? I hope there will be not price difference as done by maidsafe for mastercoin, since this could cause some real problems.

Regarding the cap, have you considered setting a max pre-market cap/valuation so as to avoid over dilution which will not be in the best interest of your investors? As user crypti pointed out, 300-500 btc cap would constitute a good entrance and opportunity for investors, but I don't think >1000 btc will be in their best interest or advantage. With the additional escrow option for Nxt users I think there is a scenario in which >500 btc could happen. Any thoughts on that?

All our issuance is based on BTC, so unfortunately NXT owners will have to convert to BTC first.

As per max market cap, we considered it as well, however eventually reached a conclusion it's best to let the market decide. Limiting to max market cap is not fair to any potential late buyers, and alternatively trying to re-balance and refund everyone with excess funds at the end of pre-sale will be quite a difficult task with a high margin of error.

That said, Dgex quite successfully prevented high-worth NXT individual from purchasing a non-proportionally large amount of FIMK stake, and we believe same safeguards will be the solution for Crypti pre-sale.

Right, wouldn't this be an even better option though: set an IPO time of 4 weeks OR a cap of 650 -750 btc which should be displayed and updated live? This way you have a margin of 150 - 250 btc more than your minimal target, you would also cover the interest of the investor by limiting the over dilution while minimizing the need to refund people, since everything would be displayed live.

That said, I think all the incentives would be in place for people to invest in a timely manner so the number of late investors would probably be negligible to none. Late investors would also be able to purchase more crypti once it has launched since you have already an exchange planned immediately after.

This option would allow the market to freely decide the price/dilution, but it would be good to set an upper limit to make sure the investors who trust you do not get burned in the process.

They don´t want to cap it. They were asked a couple of times before. They want as much money as possible. This is maidsafe 2.0. Investors will have to wait a long time to get even.