Quote from: Litoshi on October 20, 2014, 08:39:05 PM

Quote from: MalReynolds on October 20, 2014, 08:11:33 PM

I too remain invested in Crypti and offer my encouragement to the devs to keep up their commitment and hard work.

I believe that Crypti can still succeed BIG TIME even if the PoT algorithm is eventually proven infeasible. What makes Crypti special is its emphasis on commerce.

If you have say 500 vendors running a $75 Crypti node based on a cubieboard2 or a PCduino ( http://www.pcduino.com/ ), then the Crypti network is secure. The cost of running that network becomes a trivial business expense funded by a tiny increase in vendor sales costs, not forging fees captured from running a node.

(And such a Crypti network would be a HELL of a lot cheaper than the Bitcoin miner ASIC rat-race).

If the Crypti network can be secured solely by vendors running under just PoI/PoP, WHAT IS THE REASON FOR TRYING TO IMPLEMENT PoT?

With PoT, we reward forgers for keeping the network up. Otherwise, we would either need a continuous central system for network continuity, or use a Proof of Stake system like NXT, where a few whales get all the forging earnings. The PoT value resets after a successful bloc is forged, giving every up-node a turn at forging. Any coin without active miners has a network continuity problem.

PoI, Proof of Identity, is used to assure a user that a merchant has been verified by Cryptsi, and to reward merchants for using XCR:

An application, 1000XCR, and verification by10 forgers are necessary to become a verified merchant. The 10 forgers split the 1000XCR equally. After this, the merchant will be identified by a unique address and will receive half of the transaction fees generated from his sales.

PoP, Proof of Purchase, is a simple algo to add a little weight, but not a lot of weight, to a potential forger

You also mentioned running a node off a cubieboard, or a microPC type computer. That is already something the devs are working on.

Thanks for your suggestions, Mal.

The pcDuino is a top contender to replace the current candidate Cubie boards, reducing cost without sacrificing performance. We are meeting with the pcDuino manufacturer tomorrow to discuss, among other things, adding more RAM to pcDuino so it can reliably run Crypti along with another PoS type coin, most notably NXT. This would also be useful for running Supernet alongside Crypti.

There is a plan being worked on to introduce the Crypti coinbox at or even below cost to encourage operation of independent nodes. The box is being designed to run two coins so another coin with larger forging rewards or other features may be run for more revenue while the Crypti network grows. The box has a SATA port so it is well configured to even run a storage coin like Storj or Maidsafe by adding a SATA drive. The numbers being considered are 500-1000 nodes. The final number will be determined based on consultation with the independent vendor reviewing the Crypti code for security.

The system will also form the core of the mesh networking node to be released at a later date.