Tuesday Litoshi. The blog posts are Tuesdays.

Wrote them again right now on Twitter..

Straight Outta Crypti.

Let's wait for William (Litoshi) then.

That's why Crypti is built with DPoS as well, and all decentralized applications will run in their own DPoS sidechains as well. 

Yes.

Everything beside a few blog images should work again.

There are a few hiccups left. We are currently moving some images and front video to the CDN again. After that we will fix the white papers and some smaller things. Then it should be done.

We are currently experiencing some problems with our website server. I will notify you once we are online again.

jwinterm, would be great if you can update the table with the info I sent you recently. Thanks!

Btw, if you want I can send you some XCR so you can test out our system.

Status Report - 01st September, 2015

Hello Community,

Welcome back to the latest status report. This week we will take a look at our updated Crypti Validator (formerly Crypti Faucet) and the recent press releases on CoinDesk. Furthermore we will discuss the price and volume growth Crypti experienced in the last weeks.

Continue on our blog..

Great, I responded in the thread. Thank you for linking it here.

The general idea is the same. There are delegates who are forging the blocks and they get votes by the community with their XCR. However, there is no inflation. Generally it's more simple, Boris can give you more details on it. (If you are interested)

We call it DPoS because people know, like and trust it. (And of course because the idea is the same) I think by using DPoS for consensus we are distributing the idea of it, which strengthens all DPoS currencies. We are in contact with Stan Larimer and several BitShares community members (e.g. Justin from BeyondBitcoin.org). When people see Crypti and think DPoS is great, they will check out other crypto-currencies with DPoS.

Furthermore Crypti has a completely different goal than Bitshares, it's not like we are taking each others customers away. You need financial services, go to BitShares. You need decentralized applications, go to Crypti.

By the way, all XCR tokens are already distributed. Where should the share-drop even come from?

I hope it's working now. I think it happens when the server the images are on is too slow. I will put them on my own one later.


We did not use the toolkit BitShares provide and our system (which we coded from 0) is ultimately very different. I think this week I will find the time to make a comparison chart.

I'll fix it tomorrow. Thank you.

Yes, we put this one online (additionally to coindesk). A queue of PR build up, there are 2 more we want to push out. But we have to wait 1 week, else it looks spammy.

Corporate Accounts:

There will be corporate accounts, we have multi signature with up to 16 parties. That means there will be one top account, which I often refer to as the "king". Then 15 sub-ordinates which are coupled to it.

With this XCR funds-access can be split between founders, foundations or team members.


Messaging:

We planned to release messages for Crypti as a dapp, yes. Right now it's not on our focus, as it won't be a very popular dapp. At Nxt for example only a few people use the messaging. We hope for more used dapps.

Therefore if someone from the community wants to do the message dapp, we would be open for it. We would provide him with the .psd file our designer made and would also answer him any question regarding dapps. We already have very much code ready for this, but our focus is on the platform itself for now.


Exchange:

YES! We are discussing this since a few days right now. Would be something along the lines to have open orders in escrow and once they are filled the escrow is cleared.



However our main focus is really on the platform for now. It's much work, every little detail need to be taken care of. And we are a small team. We are also looking for monetisation options right now. So we depend on some devs from the community (new ones will come, ones we launch. We will make sure of that. ).

My interest is to let Crypti and the foundation live as long as possible. Trust me, the whole foundation puts thousands of hours into Crypti. It's not only financially anymore, it's passion and will. We all want that this project is a success, we want it so much. Because it's our 'baby' how I often call it.

Being a long time with Nxt I certainly know that distribution is very important. However, if this results in crashing the price, have 0 benefits, lose money long-term, let the whole project fail (...) than this is utterly nonsense.

Do you read what I wrote?

1) We have funds for marketing and promotion, but not $2200 for CoinTelegraph or $3000 for CoinDesk.

2) If we dump XCR at 800 sats like you suggest we:

- Have to dump 1.2% of ALL XCR there are to get on CT
- Have to dump another 1.6% of ALL XCR there are to get on CD
- Have to dump between 0.03% and 0.27% for every press release we do

That means after 1 month on CT and CD we would lose 37.4% of all foundation XCR. Let it make another month there and a few PRs and the foundation would have 0XCR.

With every XCR less the team would have less incentive to continue.

3) We have to think in months here. We are building consistently, no pump&dump like you suggest. We get covered and promote more and more. It's an accumulation process. You don't build abrand over night with pump and money, you build it over a long time with releases, customer support and consistent news.

4) XCR which were bought by team members in private have nothing to do with the foundation. They are regular investors. For example I buy small sums since the beginning. With every new XCR my incentive to promote Crypti grows, but it's not obligatory for me to dump those XCR to promote Crypti, so the XCR, I then don't have anymore (but you have), are more valuable.





However, we are open to any idea. We will discuss the trading volume within the team at tomorrows board meeting. If you have cost efficient ideas, say them please. Thank you.