Crypti Foundation Public Meeting 2-6-2016

syrenity 12:07 PM
ok, i will start outlining the points we discussed, and mike / matthew could continue
so, first of all, the full Crypti is being fully open-sourced
@boris.povod: can you update with a status of it?

boris.povod 12:09 PM
yep, all repositories opened, site repo is still closed and blog repo
but not sure do we need to open source it?

syrenity 12:09 PM
by site repo and blog repo you mean content?

boris.povod 12:09 PM
no, i mean our site
crypti.me

syrenity 12:09 PM  by

we should open source it as well
eth and others doing it, no reason we keep it closed

boris.povod 12:09 PM
ok, let's do it if need
not right now, because there is need to remove some lines from config
but i will do it soon

syrenity 12:10 PM
what about everything else? latest crypti core, toolsets and so on?

boris.povod 12:10 PM
it's all open sourced
https://github.com/crypti

github.com
crypti (Crypti)
crypti has 39 repositories written in JavaScript, HTML, and CSS. Follow their code on GitHub.

syrenity 12:12 PM  by

ok, and the next question - when we move the mainnet to latest crypti version (0.5.5)?

boris.povod 12:12 PM
some things there was still under testing

syrenity 12:13 PM
any eta?

boris.povod 12:13 PM
no, i don't have eta, because it's still under testing, and need to test it as well

syrenity 12:14 PM
ok, so we basically can handover it to Lisk
so they could merge the fixes and launch their mainnet based on latest crypti version
 by
@Max: when you plan to launch the mainnet?

Max 12:15 PM
At the end of March.

boris.povod 12:15 PM
Ok, looks nice

syrenity 12:15 PM
so, we could gather the testnet feedback from lisk
incorporate the latest fixes, and do merge between us, before you guys diverge with lisk

Max 12:16 PM
We will always push the latest fixes to GitHub. We already diverge in some parts with Crypti, but in general it should be possible for you to merge our fixes.

syrenity 12:16 PM
ok, very well

boris.povod 12:16 PM
Ok, great

syrenity 12:17 PM
next point is our delegates
we have enough budget to keep them running for next 6 months, however the idea is that community will take it's share as well

GreXX 12:18 PM
I think that this will be a tough point over the next 6 months as many interested in running delegates are probably better off running on Lisk
Do you think we will see increases in interest from the community in running Crypti Delegates?

Bigcabrito 12:19 PM
Personally, I'm swapping to Lisk

GreXX 12:19 PM
Lisk is inflationary and is issuing 5 new Lisk per block after Mainnet goes live

syrenity 12:19 PM
well, if the majority switches to lisk

boris.povod 12:19 PM
No, i don't think, after community convert XCR to lisk XCR delegates will lose votes too

syrenity 12:19 PM
and concentrates the xcr at lisk address

boris.povod 12:19 PM
And lisk then can control delegates

Max 12:19 PM
We will make sure to vote with all XCR we get responsibly.

syrenity 12:19 PM
we then we will be able to see that and stop the delegates

GreXX 12:20 PM
However you feel about the inflationary nature, from a delegate perspective, I think most would gravitate more towards Lisk

syrenity 12:20 PM  by

however the biggest issue is that lots of xcr are still in bter afaik

boris.povod 12:20 PM
majority in bter?

syrenity 12:20 PM
which currently going under

GreXX 12:20 PM
We will keep them running for 6 months as we can afford it to ensure the network is strong, but long term, I don't know if we will see community involvement increase

syrenity 12:20 PM
not majority but a big number

Max 12:20 PM
Poloniex has 17M, Bter has 11M.

boris.povod 12:20 PM
Hm, as i know, Poloniex has much more XCR

syrenity 12:21 PM
well, then we can assume that if at least 51M goes to lisk

boris.povod 12:21 PM
even not 51m

syrenity 12:21 PM
we can pretty much shut down most of delegates

boris.povod 12:21 PM
not all accounts vote

syrenity 12:21 PM
or more correctly, 50M+1 XCR 😄

GreXX 12:21 PM
Well I think the idea here is that we agree the community will most likely, and with good reason, transition to Lisk over the next few months.
With that being the case, we guarantee delegates for 6 months to allow it to unfold

boris.povod 12:22 PM
@GreXX agree

GreXX 12:22 PM
then we re-address how to gracefully shut down if that's what needs to occur at that time.
We don't want to fragment any developer interest or dapp development between the 2 projects for sure

mike 12:22 PM
yes, crypti will be available to those who want to keep it going without foundation support after 6 months.

GreXX 12:23 PM
What little interest either project can garner needs to be hyper focused on Lisk so they have a feeling of continuity and movement

syrenity 12:23 PM
indeed
next point is blockchain and critical issues fixing

GreXX 12:23 PM
Essentially we are creating a 6-month transitionary period as I see it.

syrenity 12:24 PM
yep, makes sense

GreXX 12:24 PM
Encouraging all to get involved in Lisk and pushing to show that they have the ability and motivation to keep this train going
I feel great about what we were able to accomplish with the limited funds (comparatively speaking) we had, and that we met our goals in regards to core development and features.

Bigcabrito 12:24 PM
Boris going to be part of Lisk? ^^

GreXX 12:25 PM
That's on our agenda
Boris, you want to address that

boris.povod 12:25 PM
If we have critical bugs or blockchain issues, Lisk will have it too first time
In this case we can merge it. I'm as advisor can help here
But i can't say will i join as advisor or not, i will talk with max after meeting

GreXX 12:26 PM
Boris will continue development in regards to addressing crticial bugs and issues, so that the core features we developed are solid and long term functional and stable.

Max 12:26 PM
I offered this position to Boris already. We will see how he decides later.

syrenity 12:27 PM
so, the idea is to have support during the transition time
where Crypti will provide blockchain and critical bug fixes during the next several months
of course if everyone gravitate towards lisk
and it will start diverging more and more
this support will be reduced or stopped completely

GreXX 12:28 PM
Olivier is a highly capable programmer and from our conversation is getting a good grasp on the source at this point.
Also, assuming the ICO goes well, which we all hope is the case, they will be able to bring on strong developers to help.
Including dapp development.
So with a successful ICO, I think being able to take those funds and put them directly into dapp development, community building with Javascript developers, and building out without having to worry about the core tech, gives them a huge advantage against others like Eth to catch up
I think the outlook is very positive that they will be able to compete in the space moving forward

syrenity 12:31 PM
we all are lolking towards it 😄

Max 12:31 PM
Exactly, if you take a look at the roadmap we published it's mostly about polishing the client and adding a few more features to the Dapp Store and Dapp SDK. We will put a huge focus on getting developers on board.

boris.povod 12:31 PM
It's take sometime to learn source code

Bigcabrito 12:31 PM
Depends on the ICO

boris.povod 12:31 PM
And understand architecture in decentralized projects
In nutshell, if shit will happens, we need to work together to close it

Bigcabrito 12:32 PM
ICO needs to be pushed hard to influential people, get some money rolling

GreXX 12:33 PM
Yeah, the roadmap followed the conversations we have been having for the last few months and I still think its the best option for feature development. I think we all agreed bitcoin integration was a really strong point and I know Olivier had already started development, and I think building out the client with the review system we all wanted and making it competitive with other web stores like Itunes or Amazon will show a strong infrastructure for potential developers

Max 12:33 PM
Definitely @Bigcabrito , it would be awesome if you join the Lisk get-together tomorrow so we can discuss these type of things there. https://blog.lisk.io/first-lisk-community-get-together-on-7th-february-3ef19b5748b5

blog.lisk.io
First Lisk Community Get-Together on 7th February — Lisk Blog
When Olivier and I planned Lisk, we set out a vision that would lead us to being as transparent and inclusive as possibl…

Bigcabrito 12:34 PM
@Max: yeah yeah got it no talking about Lisk in this meeting

GreXX 12:34 PM
Big, we actually intended Lisk to be a significant portion of this meeting and are happy to have Max here to comment where needed. We sort of wanted this to flow into tomorrow Lisk meeting.

Bigcabrito 12:35 PM
Oh i see.

Max 12:35 PM  by

Sorry @Bigcabrito , I can't dictate that. Just wanted to make sure that the Crypti Foundation can progress with their agenda without any interruptions.

GreXX 12:35 PM
Essentially we want to outline our full support for Lisk moving forward, and put in place a 6 month transition period to try and get full support behind their project so we don't splinter the communities that like the Crypti core solution
There are multiple reasons for it, but many of the things Lisk outline as their roadmap are directly from the Crypti Foundation internal roadmap and duplicating effort would essentially be useless.
Also, the Crypti Foundation has closed out our core feature development for the tech that we set out for and also spent the majority of raised funds doing so. Without another influx of funds, it will be hard for us to continue with many of those items ourselves.
The Lisk ICO will give them an opportunity to develop out many of the future looking features we were considering.

syrenity 12:37 PM
fully agree with Max above

GreXX 12:37 PM
So our next major item on the agenda is the exchanges.

syrenity 12:37 PM
we are all supporting Lisk, and looking forward them taking Crypti as Lisk platform to new hights

GreXX 12:37 PM
We need to push as hard as possible to keep the exchanges compatible and working on as many as possible for this upcoming period

Max 12:37 PM
Thank you for the support guys. We will work hard to achieve that.

GreXX 12:38 PM
I think XCR will be a huge part of the Lisk ICO and we need people to be able to access their funds
So we had XCR on Polo, BTER, and Cryptsy. Crypsty is dead and unretrievable correct?
What's going on with BTER?

boris.povod 12:38 PM
Bter deposit/withdrawals worked
Poloniex too

GreXX 12:39 PM
Ok, so should we wait to push 0.5.5 until after the ICO in order to keep from having issues?
We all know that every time we push an update it takes them months to fix the damn thing
especially BTER

boris.povod 12:39 PM
Se our talk about 0.5.5 above
My opinion for lisk better to go with current latest version
Or with minor changes
For us too

GreXX 12:40 PM
Yeah, so, honestly, I think that it would be really bad for XCR holders, who want to participate in the ICO, to push an update and brick the exchanges (where they miight have funds) or make it impossible for other to buy XCR if its a cheaper entry point for the ICO

Max 12:41 PM
Boris you pushed all fixes to the master branch, right?

GreXX 12:41 PM
So I think we should halt any updates at least until after the ICO is complete to avoid any issues

boris.povod 12:41 PM
Latest mainnet version in master brunch
Developing version in 0.5.5 branches
testnet/mainnet
You can see there is readme

Max 12:43 PM
Matt, what would definitely help is an official announcement and newsletter which recommends to withdraw all XCR from the exchanges as soon as possible, if they want to participate in the Lisk ICO.

GreXX 12:43 PM
Yeah, I agree, we plan to do a full blog post outlining the items we are discussing here

syrenity 12:43 PM
good idea, especially as bter may go under any moment

boris.povod 12:43 PM
@Max: question, do you still want to convert XCR at 1300?

syrenity 12:43 PM
@boris.povod: yes, they outlined this in blog

boris.povod 12:43 PM
Even if it crash to very low?

GreXX 12:44 PM
They outlined it in their blog post this morning, I think it's more in support of long time supporters than a money issue Boris

Max 12:44 PM
Yes, we promised this number right at the beginning and will continue with this number for 100%.

boris.povod 12:44 PM
K

GreXX 12:44 PM
But keep in mind, if XCR crashes to 500, and they are supporting a 1300 price, people will buy XCR to get into the Lisk at a cheaper rate, and it will raise the price

Bigcabrito 12:45 PM
Is the foundation swapping or keeping their Crypti?

GreXX 12:45 PM
I wouldn't be surprised if it settles around 900-1000 or somewhere close

Max 12:45 PM
Regarding the latest fixes, they are already merged or fixed earlier by Olivier.

boris.povod 12:45 PM
Ok

GreXX 12:45 PM
That's a good questions Cabrito. The foundation XCR is actualy reserved for founders and has been awaiting distribution until we finalized our stretch goals, which we finally have
It will be up to each individual team member what they decide
That doesn't include bounty, development, or dapp contest funds

boris.povod 12:47 PM
k

GreXX 12:48 PM
What else do we need to address @Stas

Max 12:48 PM
What will happen with the dapp contest funds?

GreXX 12:49 PM
So that was being discussed earlier and I think we have a couple possible options.
We have no submissions yet, but I know wulf mentioned he might be working on something
So, we can either keep it going and if Wulf submits something, then he basically wins

boris.povod 12:49 PM
At last, he can move it to LIsk

syrenity 12:50 PM
about the exchanges, we all agree we will support withdrawals from Polo and Bter?

GreXX 12:50 PM
Or we can announce that we are transitioning the comepeition to Lisk, return funds to donors, and allow them to choose if they transition those donations to the lisk content

syrenity 12:50 PM
to allow people to convert to Lisk

GreXX 12:50 PM
yeah

boris.povod 12:50 PM
What do you mean under support?

syrenity 12:50 PM
ensure withdrawal is possible

Bigcabrito 12:50 PM
That's up to them no?

GreXX 12:50 PM
If we don't push any updates, boris said we are currently good on BTER and Polo
So it should be good to go

syrenity 12:51 PM
ok, great - we need to be especially sensitive during the next month
as the last thing we do need people getting their funds locked in exchanges

boris.povod 12:51 PM
Ok

GreXX 12:51 PM
Yeah we can monitor the status and watch for anyone saying they are having issues

syrenity 12:51 PM
when they want to migrate them to lisk

GreXX 12:52 PM
@Max: any thoughts on the dapp contest

syrenity 12:52 PM
as per dapps contents rewards, i think that all funds should be refunded to their owners, who then will decide on future steps
migrate them to lisk, donate as lisk to new dapps contest, etc...

GreXX 12:52 PM
In order to do a refund, we need to ensure that no one intends to enter the contest
We put out dates, rewards, and made a promise

Bigcabrito 12:52 PM
They should be refunded it no more than 3-5 dapps are submitted

GreXX 12:52 PM
So if someone does want to submit, we need to honor that

syrenity 12:53 PM
well, the main question i have here is how exactly one starts to work on xcr dapp

GreXX 12:53 PM
If no one submits, then we should refund for sure

syrenity 12:53 PM
if there is a pending migration to lisk

GreXX 12:53 PM
Wulf said he was trying but had tech difficulties, boris fixed it, and now he said he is working on something

syrenity 12:53 PM  by

he does a dapp on xcr, gets the bounty then migrates it's to lisk?

Max 12:53 PM  by

Yep, wait if people submit. If not, then send them back to the donators. Only problem is, that one person sent the XCR from poloniex. But I'm sure it was one of the foundation members.

boris.povod 12:54 PM
maybe we just convert it to lisk?

Bigcabrito 12:54 PM  by

Crypti will still be functioning, the core is intact. If 3 or 4 ppl apply for a DaPP it means they were working on it for some time, they at least deserve the price. Now if it's less than that, then idk. Up to you.

syrenity 12:54 PM
well, there are ~2 more days - https://crypti.me/contest
crypti.me
Crypti - Dapp Contest
Participate in our decentralized applications contest and win huge prizes.

GreXX 12:55 PM
Right, so if we get no entries, then refund and move on

syrenity 12:55 PM
indeed

GreXX 12:55 PM
which may very well be the case
But if we get entries I think we should honor the competition rules and promises we made

Bigcabrito 12:55 PM
Aye

GreXX 12:56 PM
@Bigcabrito: Do you have anything you want to bring up in particular? I think we have a couple items left but just wondering since you showed up.
Also, wondering how you feel about this current direction, being a community member, from our side.

Bigcabrito 12:57 PM
I'm good, I was frustrated with Crypti's development as was Max and Olivier. They created Lisk, forked, and my concern was what was going to happen with my XCR.

mike 12:57 PM
how about if lisk continues dapp contest with submissions to lisk, dapps currently being worked on should port over to lisk, lisk can post reward from the lisk bounty and incentive pool, and we refund the xcr back to donors?

GreXX 12:57 PM
Well I think this ends up equitable and favorable for the most part.

Bigcabrito 12:57 PM
That was addressed by max rather quick so I'm good.

GreXX 12:59 PM
We had quite a bit of conversation trying to figure out the best path forward but from my perspective, and I know Mike probably agrees, is that the worst thing we could ever do is splinter the community, continue pushing Crypti with limited funds and slow development, and essentially allow the technology to die altogether. This is our baby and we all want to see it grow and succeed and Max and Olivier are hard workers, very dedicated, and have an opportunity to keep the project going and development moving forward.
So I personally believe our best option moving forward is to help them in their ICO, fully support them any way we can, and let them push development forward on dapps, sidechains, btc integration, etc
The lisk agenda is the Crypti agenda and is the exact same list of priorities we have had for moving forward after core features were complete. But without additional funds we would struggle to keep up pace of development to where it needs to be.
Olivier and Max have been a large part of the Crypti Foundations efforts over the last year and I know how dedicated they are and that they will do a great job.
Some of us have been working on this project for 2 years and I have had huge life changes in that period of time. I can tell you that I for one have not, and do not have the time to make this a #1 priority for my time right now, but Max and Olivier have since the day they started and will continue to do so
I personally will continue to poke my head in and offer ideas and encourageement where I can.

Max 1:04 PM  by
We are definitely looking forward to this adventure. 👍🏽 We are going to develop Lisk into the kind of technology it deserves to be. It will be a very successful year for Lisk, I feel it. 😇

syrenity 1:05 PM
great, so I see we have covered pretty much all pressing questions?
we will get a summary in blog, endorsing people to get out their funds from exchanges

Max 1:06 PM
Sounds good.

GreXX 1:07 PM
And @Bigcabrito I encourage you to join the Lisk chat tomorrow and help push ideas to the team and get behind them with any support you can offer.
It's going to be a busy month and sometimes word of mouth is the best marketing for an ICO

syrenity 1:08 PM
thanks everyone for your time attending to this weekly meeting 😄
 by
we looking forward for a successful transition, and hope to see the exciting direction it's going to take us all

mike 1:09 PM
yes, great to see everyone on board and things moving forward. thanks for attending, looking forward to the lisk meeting tomorrow.

Max 1:10 PM
Thank you all! See some of you tomorrow.

boris.povod 1:10 PM
Thanks for time guys

Max 1:10 PM
@boris.povod: Just write me on Skype if you made a decision.

boris.povod 1:10 PM
Ok
 😄

Max 1:11 PM
Thanks, see you. 😇