[ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving - page 131.

Collegestudent

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The blockchain is the future

Quote from: thekidcoin on April 26, 2014, 11:51:22 AM

ALL: The Mac binaries have been updated, use the same links in the OP or website (so I don't have to update the LOL)

Mac OSX
DMG https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg
GPG https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg.asc
SHA256SUM https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg.sha256

Let me know if there are any issues (and most importantly if they work)

Hi whens pool live wanna test it using my cpu

thekidcoin

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Activity: 308

Merit: 250

FlutterCoin Developer

ALL: The Mac binaries have been updated, use the same links in the OP or website (so I don't have to update the LOL)

Mac OSX
DMG https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg
GPG https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg.asc
SHA256SUM https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg.sha256

Let me know if there are any issues (and most importantly if they work)

thekidcoin

sr. member

Activity: 308

Merit: 250

FlutterCoin Developer

Quote from: Cohle on April 26, 2014, 09:55:39 AM

Ironic isn't it? Miners reaping high block rewards helped dumped FLT to 1000 sat, and now that block reward has halved they need FLT to be more valuable for it to be profitable to mine.

Can we vote to end PoW and forever shut out miners once PoT is active enough to secure the blockchain alongside PoS? Wink

We want the coin to be profitable to mine... At this point also PoT relies on PoW - this will be changing however likely with the next mandatory release in the next few months.

gpuminer

full member

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anyone know whether MP beta mine real coin ? Do beta miner get real FLT ? Or some test net joke ?

gpuminer

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Quote from: Cohle on April 26, 2014, 09:55:39 AM

Ironic isn't it? Miners reaping high block rewards helped dumped FLT to 1000 sat, and now that block reward has halved they need FLT to be more valuable for it to be profitable to mine.

Can we vote to end PoW and forever shut out miners once PoT is active enough to secure the blockchain alongside PoS? Wink

It doesnt work that way, miner dump the price, once block halve not profitable to mine they just move on to other coin. If FLT happen to go up in price and become profitable again they will come back , mine and dump it all over again. Miner dont really care if FLT valuable or not , they only care whether FLT profitable to mine or not.

Cohle

full member

Activity: 196

Merit: 100

Ironic isn't it? Miners reaping high block rewards helped dumped FLT to 1000 sat, and now that block reward has halved they need FLT to be more valuable for it to be profitable to mine.

Can we vote to end PoW and forever shut out miners once PoT is active enough to secure the blockchain alongside PoS? Wink

Gunther

legendary

Activity: 840

Merit: 1000

Quote from: FryguyUK on April 26, 2014, 09:10:40 AM

Gah miners left because the price was static. I did say yesterday

Fortunately its one of the most profitable still at 1400 so miners will hopefully come back.

-If you don't play this smart guys your coin will die.

Wait till the launch of the MP, price will be pushed up. The more people will mine, the better.

FryguyUK

legendary

Activity: 801

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Gah miners left because the price was static. I did say yesterday

Fortunately its one of the most profitable still at 1400 so miners will hopefully come back.

-If you don't play this smart guys your coin will die.

lounge

member

Activity: 107

Merit: 10

Quote from: jdebunt on April 26, 2014, 08:49:40 AM

A fresh FLT article !

http://www.cryptoarticles.com/crypto-news/2014/4/26/fluttercoin-multipool-launching-today

Share, Like, and Donations are welcome too

Good News!

jdebunt

legendary

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Merit: 1010

A fresh FLT article !

http://www.cryptoarticles.com/crypto-news/2014/4/26/fluttercoin-multipool-launching-today

Share, Like, and Donations are welcome too

kikeda

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Activity: 364

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: mikeymillie on April 26, 2014, 05:48:58 AM

Quote from: zbaby2007 on April 26, 2014, 03:45:45 AM

Can you explain the "Proof-of-Block" a little more?

Proof of Block is now refferd to as Proof of Transaction - they are the same thing. Dev decided Proof of Transaction made more sense. I think it could be made even clearer by calling it "Proof by Transaction" but that wouldn't fit with the PoW/PoT/PoS holy trinity Cheesy

haha holy trinity. Wink

mikeymillie

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Activity: 370

Merit: 250

Quote from: zbaby2007 on April 26, 2014, 03:45:45 AM

Can you explain the "Proof-of-Block" a little more?

Proof of Block is now refferd to as Proof of Transaction - they are the same thing. Dev decided Proof of Transaction made more sense. I think it could be made even clearer by calling it "Proof by Transaction" but that wouldn't fit with the PoW/PoT/PoS holy trinity Cheesy

unamis76

legendary

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I've also been accepted to the multipool

Looking forward to point my mining rig there!

exoton

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when does the multipool launch to the public ? Cheesy

One Six

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Quote from: zwiggelbig on April 16, 2014, 03:10:10 PM

Quote from: Halofire on April 16, 2014, 01:14:12 PM

Quote from: tabnk on April 16, 2014, 12:21:44 PM

Price value will drop, don't buy now .....

i agree, i'll wait for the pullback.

Sorry aint gonna happen. Look how its getting hyped on twitter. This will get goood

I hope you are happy now as the price came back to normal. Next time do not go all-in. FLT looks positive.

YoyodyneSystems

legendary

Activity: 1386

Merit: 1023

Total Blocks:
39,791Blocks

Ding! One block to go.

We are at 1250 reward now down from 2500 which in turn was down from 5000 about 8 days ago.

zbaby2007

member

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Can you explain the "Proof-of-Block" a little more?

SL1M

full member

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Merit: 100

woke up this morning and fluttercoin is doing nice on the charts 1500+! Cheesy

me like.

Cohle

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Merit: 100

Quote from: mikeymillie on April 25, 2014, 03:22:02 PM

Quote from: thekidcoin on April 25, 2014, 02:19:26 PM

Quote from: Wh1teKn1ght on April 25, 2014, 01:04:16 PM

Quote from: chris20131111 on April 25, 2014, 12:50:39 PM

Quote from: Wh1teKn1ght on April 25, 2014, 12:13:26 PM

With POT, what stops someone from having two wallets and setting up a bot to constantly transfer 500FLT back and forth 24/7 between the two wallets and thereby greatly increase the chances of landing the POT bonus?

This is what was posted earlier in the thread:

What is to stop several of us getting together to send coins back and forth, trying to get a PoB?

First, going forward it is refereed to as POT (proof-of-transaction)

2nd, its not that easy to achieve a match - if you send 100 transactions your odds are slim.

3rd Only the first match counts

4th it will not be active for POS or adjacent POS blocks (which will make it rarer)

5th its only active on blocks with a small number of TX's

6th in the next release, that will be fine-tuned even further to look within each TX

I am positive people have been trying this already as well...

I am also thinking of changing the reward structure as years go by etc

If anything has changed Kidcoin can elaborate further. I think it should be posted on the first page b/c this question comes up all the time.

thanks for the info, so based on the above, in all likelihood, you're more likely to get more coin via PoS than PoT? I thought PoT was the big innovation here, but it sounds like it will be very difficult to achieve the bonus. Sounds like PoT may be getting over hyped then? Isn't this coin expected to be 100% PoS at some point, so point 4 would render PoT useless?

Just trying to get some more solid answers before investing further into FLT. Thanks!

Of course its difficult. If it were easy, it would be exploitable. PoT blocks are hit all the time. PoT IS the possibility of rewarding those spending - its not meant as a guaranteed cash-back system or a revenue stream like PoS. Definitely not meant to reward whales or investors - meant to reward the common user (whales and large investors are rewarded via PoS & the markets already).

PoW will never end - and if it did for whatever reason PoT rewards would be modded to run on PoS - Its a very very easy thing to do.

PoT has a lot of innovation, and adds a lot of security to the blockchain. PoT is always evolving as well and is not a finalized protocol, it will only improve.

I think I am starting to arrive at a simple and logical way to explain what PoT is to people who are only loosely familiar with mining (which is most bitcoiners and many alt people as well).

Proof of Transaction serves the same beneficial function that mining does: it secures the blockchain by confirming transactions. Except instead of rewarding an energy-wasting and rapidly centralizing arms race between miners solving useless busywork calculations, it rewards the actual end users of the coin for doing a useful service that they naturally would do anyway, which is spending it. Mining serves well its purpose to bootstrap the coin but like training wheels on a bicycle, once the coin matures and gets used heavily, mining starts to cause more problems than it solves as seen by the enormous cost of running the Bitcoin network as well as its tendency for mining to become centralized over time. All workarounds, such as ASIC resistance, which still preserve the role of mining as the only securing proof system, only serve to delay the problem. They do not attempt to fundamentally solve it in the way that a PoT/PoS coin maturity life cycle (such as the one Flutter has created) does.

A bit wordy still, but it makes more sense to me as someone trying to explain why PoT is worth a look, than just telling people it gives you 'cash rewards' - while this is technically true it draws comparisons to cash-back rewards cards - and then people get disappointed when they discover that not every transaction generates a PoT reward. PoT is really a form of mining that gives control back to end users and to predictable economic incentives. Just like in 'real' money systems, with PoT - the more the users spend, the healthier the economy gets as it increases the velocity of money which thus transmits pricing signals more efficiently, etc. It's like caffeine for money.

I like this explanation. It's simple and concise and serves to highlight FLT's distinguishing feature.

Collegestudent

hero member

Activity: 518

Merit: 500

The blockchain is the future

Hows Multipool going kidcoin

get read for a hell of a ride

im not planning to sell either way

Topic: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving - page 131. (Read 368041 times)