Topic: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving - page 107. (Read 368041 times)

Nope, doesn't effect total coin production at all.

from http://www.fluttercoin.us/fltbeta2/wp-content/uploads/2014/05/proof-of-transaction-v2-r.pdf :

Frequency vs Reward Percentage
 
In looking at the current state of proof-of-transaction rewards specifically, we found that
based on the difficulty, they occurred roughly every 200 blocks on average, with the payout
being 50% of the proof-of-work reward.
 
While the frequency of PoT cannot be predicted, it is my estimate that they will occur on
80% of blocks, so again considering 1000 blocks, 800 blocks would pay PoT rewards.
 
For example, if you take into consideration 1000 blocks, with a block reward of 20 FLT.
 
Current algo PoT payout per 1000 blocks = 100 FLT
Proposed algo PoT payout per 1000 blocks = 800 FLT

Won't increased frequency lead to increased POT reward overall? In that case, wouldn't that just mean that more coin will be created?

Maybe there is something I miss here..Could you explain it to me?

MANDATORY Release v0.4.5.6 fork(s) soft fork Wed, 14 May 2014 12:00:00  & hard fork Block 57,000
https://github.com/thekidcoin/fluttercoin/releases/tag/v0.4.5.6-flt

Changes:

-Proof of transaction v2
-Checkpoints
 
Windows
Zip https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.6-flt/fluttercoin-0.4.5.6-windows.zip
GPG Sig https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.6-flt/fluttercoin-0.4.5.6-windows.zip.asc
SHA256SUM https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.6-flt/fluttercoin-0.4.5.6-windows.zip.sha256

Linux
Tar https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.6-flt/fluttercoin-0.4.5.6-linux.tar
GPG https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.6-flt/fluttercoin-0.4.5.6-linux.tar.asc
SHA256SUM https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.6-flt/fluttercoin-0.4.5.6-linux.tar.sha256

OSX
Coming Soon

No, supply not larger than expected, won't effect supply at all

Considering my bid was for 45000 FLT, i was a bit underwhelmed by the catch.. but at the same time lucky to get any at all. 

Or, maybe this is just another day we'll look at next week ... and wonder how great it would be if we could get FLT back up to 555...

FlutterCoin Mining Pool.

Features

    - PROP reward system.
    - Stratum with Vardiff.
    - Round earnings credited after 120 confirms.

http://flt.cloudminers.net

http://www.cloudminers.net

I actually grabbed about 40 FLT at 555... forgot i had a bid way down there

only 3-4btc to 1000..

Like you could have bought at 600....

ooh wish I could have caught some 600 priced FLT!

Seems to be building back to 700's. Please pull your sell walls if you can. I'm not letting this ship sink. We are going to build the community and market the hell out of fluttercoin so everyone knows why PoT is so beneficial, especially when stacked with PoS. Who all has access to changing the reddit sub and to the website/blog?

I already bought with all my BTC left (only 0.06) at 680, now I pray.  

 alphaminer21 : I'm interested to see your irc logs, pm me or post it here if you want  

locogee : I have the same question, I would like to test but with decreasing block rewards, I think it's ok.

I won't buy anywhere above 300 satoshi.
I won't catch falling knives

I've got a buy in a 650. Anyone else want to join me so we can at least stop the bleeding and build up from here? Even 1btc, .1, or even .01.  Let's band together and show our faith in the coin by putting our money where are mouths are.

V2 will make POT rewards larger right?

Does it mean that coin supply will be larger than expected ? Could it be a reason why people are dumping right now?

Well said. There's not enough volume for it to have been manipulated. It just faded away and wasn't heard due to noise from bc,wc,ult,drk, and ac.

BTW, AC was a scam coin. They found 3 billion hidden coins in the chain that the developer had premined for himself.

AC dipped to the 600's for days and then over several days shot back up.  AC was nothing special.  A cheap clone knockoff that turned into a huge scam. FLT is not one of these coins but I expect to see a similar situation.  Do not expect to see the prices hold here for too long.

Shortly after the dump the irc channel became active for a little.  I could post a pastebin if anyone is interested but it's quite long.  The TL;DR is for the people in charge of irc, forums, twitter, reddit, and facebook to get together and assign a community manager who can organize all these communication outlets and keep everyone updated.

So someone in charge right now has to get that organized.  Kidd is pretty busy with the PoT update but it seems like he's in charge for now.  If he can assign someone to do it and get the right people in touch so we can get this coin under control.

I have 8-10btc invested in fluttercoin. I don't see a scam and I don't see problems with pumps and dumps crashing the coin. I've spoken with a couple of dumpers and they lost faith in the community and dev's attitude. I think the dev has done a great job with building the coin, but he is only one person and can't be expected to run all aspects of the coin. As long as he displays a positive attitude about the coin, we should pick up the slack and come up with a marketing plan. Investors had high hopes for the multipool, halving, and merchant adoption. When it became apparent that the community had no PR/Marketing team and the multipool didn't work, they jumped ship to either reenter when this is fixed and prices are lower, or to just cut losses and move on with a better investment.

I'm down way too much to sell out and it would crush the coin. Hopefully, there is no inherent flaw with the coin and it's not a scam (which I have no indication that it is). If the price gets low enough and stabilizes, people might come back to take advantage of bargain prices.

We, as a community, need to stay positive. Investors don't like a community that shows fear and loses faith. The multipool will help buying pressure and  the halving will reduce selling pressure. If we can manage to get a vibrant community in reddit and in the official thread, then we could move back up to the 1000' quickly. What I don't want to see is people dumping when we get back to the 1000's after weathering such a tough situation. Stay strong and don't sell when we come back as the momentum will be moving up due to faith garnered within the crypto community.

It's apparent that the FLT market has been manipulated for some time. Not sure to what end though... could be the mother of all pumps...

































...right? Guys? Hello?