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Topic: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving - page 112. (Read 368041 times)

full member
Activity: 196
Merit: 100
- 8x the output of flutter in rewards from PoT
- added security due to more PoT checkpoints
- 20 FLT set reward rather than half the block reward
- reduced required transaction amount from 500 FLT to 1

Are you sure it's a set reward? From what I've read I tend to think it's just an example, and there are no exact numbers given for PoT rewards.
There is no mention of such a change in the PoW reward in the document. Afaik it's still halving till the end of times  Grin
member
Activity: 103
Merit: 10
- 8x the output of flutter in rewards from PoT
- added security due to more PoT checkpoints
- 20 FLT set reward rather than half the block reward
- reduced required transaction amount from 500 FLT to 1

Are you sure it's a set reward? From what I've read I tend to think it's just an example, and there are no exact numbers given for PoT rewards.
sr. member
Activity: 370
Merit: 250
Proof Of Transaction v2 specs released.  New Binaries to be released tomorrow:

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

Can't believe after almost 2 pages of arguing no one has mentioned this.

From .5% chance of a block creating PoT reward to 80%. That is a huge change. Have none of you seen this?

- 8x the output of flutter in rewards from PoT
- added security due to more PoT checkpoints
- 20 FLT set reward rather than half the block reward
- reduced required transaction amount from 500 FLT to 1

Previously the reward would have ended up minuscule, while now it is a set rate and has a much better chance of happening. You're all so caught up in everything that has  little relation to the coin itself.

I have read the updated paper and you are right, it does look like good news.  But as far as I understand the current state of affairs the paper is a proposal, not a final spec.  Not aware of the timeline to transition to this, if there is one yet. 

But it is good to see some progress toward making PoT more enticing and a more equal partner in the ecosystem, alongside PoS.
newbie
Activity: 8
Merit: 0
Proof Of Transaction v2 specs released.  New Binaries to be released tomorrow:

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

Can't believe after almost 2 pages of arguing no one has mentioned this.

From .5% chance of a block creating PoT reward to 80%. That is a huge change. Have none of you seen this?

- 8x the output of flutter in rewards from PoT
- added security due to more PoT checkpoints
- 20 FLT set reward rather than half the block reward
- reduced required transaction amount from 500 FLT to 1

Previously the reward would have ended up minuscule, while now it is a set rate and has a much better chance of happening. You're all so caught up in everything that has  little relation to the coin itself.
member
Activity: 93
Merit: 10
Added 250,000 more FlutterCoin to my wallet thanks to all those who sold below 980!!!!

All my profits are because people like you!!!

Learn to HODL Noobs Smiley

Have fun with it.
full member
Activity: 232
Merit: 100
Is the multipool still in beta?

Bad communication and all....
member
Activity: 90
Merit: 10
Added 250,000 more FlutterCoin to my wallet thanks to all those who sold below 980!!!!

All my profits are because people like you!!!

Learn to HODL Noobs Smiley
sr. member
Activity: 370
Merit: 250
why would kidcoin need to show his identity? the best dev of all time satoshi, we don't know who he is. no need for identity, gtfo.

Something wrong with your reading comprehension? 

NOBODY has asked theKidCoin to reveal his identity.

i don't know.

but i do know what your mom revealed

"your mom" jokes,  how original.  way to be above the maturity line.   I think they need your talents over in flappycoin thread. or, you know,  your mom's talents.     

maybe mikie really should "GTFO" and take his coin with him. that will sure improve things for your investment.  i won't be far behind if this kind of talk is where the thread is headed.

anyone can call seattletu a hormonally imbalanced shitswallowing cuntbag, which is especially easy in his case because it is a verifiable fact, 6 confirmations and counting.

not everyone can contribute productive ideas and criticism to the discussion.  your choice man, I can do both of these things *and* do your mom at the same time. 

but ... only one of them will improve the prospects for Flutter.

Uh. ...Thanks?  Not sure I need this kind of support, nor does Flutter.
Let's all settle down and get back on topic folks. Stop with the smart-assery, it goes nowhere.
newbie
Activity: 22
Merit: 0
why would kidcoin need to show his identity? the best dev of all time satoshi, we don't know who he is. no need for identity, gtfo.

Something wrong with your reading comprehension? 

NOBODY has asked theKidCoin to reveal his identity.

i don't know.

but i do know what your mom revealed

"your mom" jokes,  how original.  way to be above the maturity line.   I think they need your talents over in flappycoin thread. or, you know,  your mom's talents.     

maybe mikie really should "GTFO" and take his coin with him. that will sure improve things for your investment.  i won't be far behind if this kind of talk is where the thread is headed.

anyone can call seattletu a hormonally imbalanced shitswallowing cuntbag, which is especially easy in his case because it is a verifiable fact, 6 confirmations and counting.

not everyone can contribute productive ideas and criticism to the discussion.  your choice man, I can do both of these things *and* do your mom at the same time. 

but ... only one of them will improve the prospects for Flutter.
sr. member
Activity: 336
Merit: 250
why would kidcoin need to show his identity? the best dev of all time satoshi, we don't know who he is. no need for identity, gtfo.

Something wrong with your reading comprehension? 

NOBODY has asked theKidCoin to reveal his identity.

i don't know.

but i do know what your mom revealed
sr. member
Activity: 370
Merit: 250
why would kidcoin need to show his identity? the best dev of all time satoshi, we don't know who he is. no need for identity, gtfo.

Something wrong with your reading comprehension? 

NOBODY has asked theKidCoin to reveal his identity.
sr. member
Activity: 308
Merit: 250
FlutterCoin Developer
Is this coin ever going to have any real world value like are any merchants going to accept it for goods and services?  Or is this just a trade coin?
Thats up to the merchants...
sr. member
Activity: 336
Merit: 250
why would kidcoin need to show his identity? the best dev of all time satoshi, we don't know who he is. no need for identity, gtfo.
full member
Activity: 168
Merit: 100
Is this coin ever going to have any real world value like are any merchants going to accept it for goods and services?  Or is this just a trade coin?
sr. member
Activity: 308
Merit: 250
FlutterCoin Developer
I could be a famous person already and just don't more publicity...
sr. member
Activity: 308
Merit: 250
FlutterCoin Developer
ALL:  Big mistake with the toal PoW calculation of coins.  Its actually 10% LESS

Total PoW coins output is actually around 200 million

I am curious about this actually.  So there were originally supposed to be 220 million PoW coins, but now it is 20 million less.  Did something change about the way block rewards are calculated or was this just a math error in adding up all the PoW minted coins? 

Shouldn't the sudden announcement of 10% less coin should have created about a 10% jump in value, through basic math?  Are those 20 million FLT now gone from the coinbase altogether or will they be present in the form of additional PoS stake return or something?

Bad math... Was calculating from the wrong block.

The coins will never be mined.  No one knows what PoS minting will bring. 

newbie
Activity: 22
Merit: 0
ALL:  Big mistake with the toal PoW calculation of coins.  Its actually 10% LESS

Total PoW coins output is actually around 200 million

I am curious about this actually.  So there were originally supposed to be 220 million PoW coins, but now it is 20 million less.  Did something change about the way block rewards are calculated or was this just a math error in adding up all the PoW minted coins? 

Shouldn't the sudden announcement of 10% less coin should have created about a 10% jump in value, through basic math?  Are those 20 million FLT now gone from the coinbase altogether or will they be present in the form of additional PoS stake return or something?
sr. member
Activity: 370
Merit: 250
Mikey:

Privacy (from Latin: privatus "separated from the rest, deprived of something, esp. office, participation in the government", from privo "to deprive") is the ability of an individual or group to seclude themselves or information about themselves and thereby express themselves selectively. The boundaries and content of what is considered private differ among cultures and individuals, but share common themes. When something is private to a person, it usually means there is something to them inherently special or sensitive. The domain of privacy partially overlaps security, including for instance the concepts of appropriate use, as well as protection of information. Privacy may also take the form of bodily integrity.

Again I have nothing against privacy as such, I even pointed out that it is beneficial feature of transparency.

But there's no evidence that not being private has ever caused anyone in crypto any harm except perhaps to reputation if things go wrong.  And even then, as Amir Taaki's case exemplifies, you can fail badly and come back even stronger.   People choose to be anons for many valid reasons but personal threats aren't one. I respect your decision to remain private, I mean, my name's not Mikey Millie either Smiley   But I do live in San Diego so greetings from SoCal, Chi-town.
sr. member
Activity: 308
Merit: 250
FlutterCoin Developer
C'mon there is really no need to know thekidcoin's identity.

Not saying we have to know, just pointing out that the usual reason given for anonymity - fear of personal safety - is totally overblown in classic ITG style.

 It's usually other reasons (maybe you work at a bank or payment processor or live in a jurisdiction that wouldn't approve of your crypto side projects, or want to avoid having to pay taxes on it if it succeeds. etc.).  

I live in Chicago, IL - I would never work with any exchange, payment processor, etc - I would help for sure - but thats the extent of it

Taxes I don't mind paying, better than jail.
sr. member
Activity: 308
Merit: 250
FlutterCoin Developer
Mikey:

Privacy (from Latin: privatus "separated from the rest, deprived of something, esp. office, participation in the government", from privo "to deprive") is the ability of an individual or group to seclude themselves or information about themselves and thereby express themselves selectively. The boundaries and content of what is considered private differ among cultures and individuals, but share common themes. When something is private to a person, it usually means there is something to them inherently special or sensitive. The domain of privacy partially overlaps security, including for instance the concepts of appropriate use, as well as protection of information. Privacy may also take the form of bodily integrity.
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