Topic: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving - page 121. (Read 368065 times)

Cool story bro...

Not to mention: People think multipools can somehow mine and dump more coins than are available each day - the max number of coins each day as of today are 720 x 1250 = 900,000 - 2 weeks ago it was 3,600,000

Saturday it will be 450,000, next Saturday it will be 225,000, 3rd Saturday is 112,500

These people simply want this:  get rich on a little 1 BTC investment, dump their coins - and fast.

Not to mention:  KGW is just a fancy name for adjusting difficulty per block - which we already do

I think it's pretty clear from my post that I know damn well the block halving will eventually address this mine-raping problem.  I still think it would be better if it didn't happen in the first place, but whatever.  Way to go with the misdirection.

The lack of community engagement is most of what my post was about, and I am afraid there's nothing wrong with my facts there.  That 2-3 sat shitcoin I was alluding to, which had a 30 BTC sell wall but a fantastic community effort run by the dev?   It's 11 sats today - 30 BTC + additional 40 BTC of sell wall vaporised. 

They kept the community fired up despite the deplorable outlook and when they were ready to introduce something semi-newsworthy today (they added a PoS system to a plain vanilla PoW coin), and they had all the right eyes in place to make the market come back to life and blow the lid off that sell pressure.  It may well die back down in a few days but this is a textbook case of investing in the community instead of being indifferent to it, and having it pay off by multiplying your efforts.

Only checked today's payout now after seeing feedback on twitter. Pretty surprised, it was even more profitable than the multipool I used before! With the added advantage of FLT payment. Things are going smoothly

To everyone asking for KGW implmentation, you must realize that our block halving schedule addresses this problem, just in a more stable/long-term fashion. From what I've seen, it seems like everyone wants multipools to stop dumping their Fluttercoin so it can go "to the moon." The flaw in this logic is that an extremely quick rise in price would not be stable and lead to a harsh drop as well. Instead of allowing this to happen we took the route that allows for consistent upwards growth as it is best for FLT long-term.

We've experienced periods like this in the past, after our quick rise to 900 satoshi. Price declined over the weeks following this and got all the way down to 150 sat. before rebounding to a 2,700 sat. high. I expect this trend to repeat again, as that's what markets do. Those who have weak hands will not be rewarded and those who do not will be. It's happened before and will continue to happen until people eventually learn the lesson.

I see it is right under 1200 now, was going to buy some more at 1275 yesterday, looks like a good opportunity today to get me back I'm top 100, oh yeah!

thanks for the explanation. The patterns i see look like pools buying and selling without any 'real' person buying or selling something. Price keeps bouncing.
Thats why i thought it could be multipools doing that. These are also very small buys again and again.
We will see what the future brings us. Ive invested 5 BTC and still have some profits left of FLT so i dont worry. Was just wondering how MP are acting in the prices.

If you guys are gonna monologue, please use facts, not myth.

In two posts I heard mention of multipools and KGW - Won't even comment further than below. 

KGW does nothing to stop multipools, KGW does what we do, but in a different way. 

Multipools don't have enough coins to catastrophically dump each day (900k).  Come Saturday they will (this is if they mined every block - which they aren't not even by a long shot) 450k coins each day.

Multipools are almost no factor now and will be no factor in the future,

KGW?  Hahaha

Wrong - all wrong.  Multipools have nothing to dump there are 900k coins each day till Saturday

FLT price is stable and will rise, slowly but surely. If you are looking to make a quick buck, just cash out your FLT now and go buy something like cinni coin where other people have to go into other threads and beg for hash for their coin. FLT will always be around and many people know this. A lot of people saw that first pump and then wanted to jump on the train b/c they think its gonna be a quick ride to the moon which its not going to be. That's all fine and dandy if you play that game but FLT isin't that type of game. There's a reason why FLT was added to the major exchanges within its first week on the scene without anyone having to beg, bribe, or vote for. How many coins out there right now made it to the top exchanges without any work at all? Not many if any.

Just joking Sorry if it hurts, maybe it was rude, but I had fun with my reply:)

Then that is a buying opportunity. It will bounce back. But i cannot see it hitting 900 sats. 

You're talking like it's over. The multipool isn't even properly open yet! This coin will be back in a big way. This dip in price is an opportunity, not a failure.

I almost hope so.  If that happens and the people who could have made tons on it but did little to promote it are sitting on mediocre junk, they deserve it.   Which is too bad because it's a good coin that doesn't deserve to wilt from lack of attention.

Thank god for hitting the darkcoin and BC pumps or I'd have net lost money on FLT bigtime. This is why you don't put all eggs in one basket.

it will be 900 sat soon

I am sitting on damn near a loss right now, but I also know that these multipool attacks are cyclical and burn themselves out after awhile as they ruin the profitability of the coin they are hammering to the point that its not worth hammering any more. 

I really wish FLT would have had at very least KGW to fend this off as it is very hard to remain a supporter of the coin in forums etc.  when the charts make it look like you are incapable of understanding basic math.  The only upside is that there is another halving this saturday and this will really bring the profitability down to unappealing levels and old coins mined during fat rewards era will start getting sold off to replace lost income from mine-to-dump.   

Its worth noting that other coin communities are in much, much worse shape right now in terms of profit (selling for 3 or 2 sats and massive 20-30 BTC sell walls) but the community itself is largely blowing it off and keeps trying to create new tools to promote their coin, runs multiple subreddits, runs contests, twitter campaigns and more.  I don't know why Flutter has not attracted these kinds of users, but we can't just rest on the innovation of Proof of Transaction and expect that to pull all the weight.  It's not even that great as an implementation, to be honest it feels like a kind of experimental "what-if" scenario that was turned into a real coin. Though  - the fundamental idea behind it is worthy of a lot of respect and will eventually get traction.

I have about 1 BTC invested in Flutter, all paid for - i didn't mine anything - and I wish I had more time to do all these projects but frankly I have to limit myself to being a cheerleader here and there as I am only moderately savvy in the technical side of crypto. 

But there are people who have 5, 10, 20 or more BTC in Flutter (whether through early low diff mining or through trading) and I hope they can see the value in making a public commitment to throwing 5% or 10% of that at some of the bounty projects to get this community jolted into action. 
I will put in 5% of what I have if I know some of the early owners will do the same because I am certain we will all get that same % back in profitability if the community can get out of the "you go first"  mode that it is stuck in. 

The bloom will be off the PoT rose soon enough if the head start on other coins is not taken advantage of with some PR efforts and quickly!  I am already seeing a sudden uptick in "innovation of the week" whitepapers coming out which will quickly crowd the message space with distractions that will all try to steal what little spotlight is currently on Flutter away from it.

Fluttercoin is being raped by other multipools dumping their mined coins on fluttercoin exchange.
While the fluttercoin multipool buying small amounts there is no way fluttercoin can gain traction.

What are the ideas to overcome this? I see some:

- Switch fluttercoin to POS and stop POW
- Retarget difficulty so its not interesting anymore for multipools to mine.

others?
Im still holding a lot of FLT with some profit, but if this continues I have to sell because its not worth it.

Thanks for your ideas.

Why would anyone here want CINNI when it has

1. a worse PoS stake plan than Flutter

2. worse coin distribution and market cap

3. no - ZERO - new innovations of its own, when Flutter has Proof of Transaction?