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Topic: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving - page 210. (Read 368065 times)

Collegestudent
hero member
Activity: 518
Merit: 500
The blockchain is the future
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 10, 2014, 06:41:44 AM
#2026
Quote from: maxsinner on April 10, 2014, 05:47:10 AM
By the way is this info for real http://agran.net/flt_getbalance.php?top=100 ? 132k flutter put you in the top 100 richest list. Apart from the first address, the distribution looks pretty solid.

Like i said, the rich want more flts. it will become 20x
maxsinner
sr. member
Activity: 336
Merit: 250
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 10, 2014, 05:47:10 AM
#2025
By the way is this info for real http://agran.net/flt_getbalance.php?top=100 ? 132k flutter put you in the top 100 richest list. Apart from the first address, the distribution looks pretty solid.
maxsinner
sr. member
Activity: 336
Merit: 250
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 10, 2014, 04:19:33 AM
#2024
Quote from: seattletu on April 10, 2014, 04:16:29 AM
What coin are you guys gonna mine once the reward for flutter is cut? I'm learning towards a non scrypt only coin. Basically anything resistant to the scrypt asics.

I am already mining DRK, because that is another coin that I believe in and X11 is really power friendly compared to Scrypt. Actually I don't understand why people keep pushing Scrypt especially with the new Asiscs and the summer around the corner.
seattletu
sr. member
Activity: 336
Merit: 250
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 10, 2014, 04:16:29 AM
#2023
What coin are you guys gonna mine once the reward for flutter is cut? I'm learning towards a non scrypt only coin. Basically anything resistant to the scrypt asics.
maxsinner
sr. member
Activity: 336
Merit: 250
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 10, 2014, 04:14:44 AM
#2022
Quote from: thekidcoin on April 09, 2014, 11:48:27 PM
Who wants to contribute to a bounty (in BTC) for someone to develop and run a multipool that buys FLT with the coins it mines?

Multipool will push the price greatly, just look what happened to Faircoin. 350+ BTC trading volume on Mintpal in 24h.
Collegestudent
hero member
Activity: 518
Merit: 500
The blockchain is the future
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 10, 2014, 01:50:19 AM
#2021
Quote from: thekidcoin on April 09, 2014, 11:48:27 PM
Who wants to contribute to a bounty (in BTC) for someone to develop and run a multipool that buys FLT with the coins it mines?

Agreed so we have pow and multipool mining
Halofire
hero member
Activity: 938
Merit: 1000
@halofirebtc
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 10, 2014, 01:07:02 AM
#2020
kidcoin, wallet looks AWESOME! thanks for adding the meter! Can't wait for the release....
moonpool
full member
Activity: 126
Merit: 100
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 11:53:26 PM
#2019
that new wallet looks great.
bullgates
newbie
Activity: 46
Merit: 0
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 11:48:59 PM
#2018
I assume any coins left there are gone? Or am I incorrect? Thanks for replying above.
thekidcoin
sr. member
Activity: 308
Merit: 250
FlutterCoin Developer
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 11:48:27 PM
#2017
Who wants to contribute to a bounty (in BTC) for someone to develop and run a multipool that buys FLT with the coins it mines?
Equate
hero member
Activity: 770
Merit: 500
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 11:38:22 PM
#2016
Quote from: bullgates on April 09, 2014, 11:32:26 PM
Have been busy lately so haven't checked in much.  Can anyone tell me if cloudminers is dead?

Thanks.

yeah its not working anymore.
bullgates
newbie
Activity: 46
Merit: 0
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 11:32:26 PM
#2015
Have been busy lately so haven't checked in much.  Can anyone tell me if cloudminers is dead?

Thanks.
Collegestudent
hero member
Activity: 518
Merit: 500
The blockchain is the future
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 11:27:01 PM
#2014
Quote from: thekidcoin on April 09, 2014, 09:27:36 PM
In new release...



Whats pos interest and is that pot?
thekidcoin
sr. member
Activity: 308
Merit: 250
FlutterCoin Developer
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 09:27:36 PM
#2013
In new release...

ObiWanCoinNobi
newbie
Activity: 14
Merit: 0
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 07:48:55 PM
#2012
Quote from: thekidcoin on April 09, 2014, 07:36:05 PM
Quote from: ObiWanCoinNobi on April 09, 2014, 07:34:21 PM
Just wanted to bring this to the attention of the developers just in case they are not aware.  An OPEN SSL bug has been found.

https://bitcointalksearch.org/topic/security-flaw-found-in-almost-all-crypto-related-software-561464

I don't know if it affects this coin but I really think this coin is going to be great and don't want anything derailing the course.

 Cheesy
Will be upgraded to next version of open ssl in the next release (tomorrow likely)

You the man kidcoin!
thekidcoin
sr. member
Activity: 308
Merit: 250
FlutterCoin Developer
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 07:36:05 PM
#2011
Quote from: ObiWanCoinNobi on April 09, 2014, 07:34:21 PM
Just wanted to bring this to the attention of the developers just in case they are not aware.  An OPEN SSL bug has been found.

https://bitcointalksearch.org/topic/security-flaw-found-in-almost-all-crypto-related-software-561464

I don't know if it affects this coin but I really think this coin is going to be great and don't want anything derailing the course.

 Cheesy
Will be upgraded to next version of open ssl in the next release (tomorrow likely)
ObiWanCoinNobi
newbie
Activity: 14
Merit: 0
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 07:34:21 PM
#2010
Just wanted to bring this to the attention of the developers just in case they are not aware.  An OPEN SSL bug has been found.

https://bitcointalksearch.org/topic/security-flaw-found-in-almost-all-crypto-related-software-561464

I don't know if it affects this coin but I really think this coin is going to be great and don't want anything derailing the course.

 Cheesy
Halofire
hero member
Activity: 938
Merit: 1000
@halofirebtc
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 03:21:48 PM
#2009
Quote from: thekidcoin on April 09, 2014, 02:42:35 PM
Quote from: Halofire on April 09, 2014, 02:36:50 PM
If PoT is not cost effective to send back and forth to ourselves or to each other, that we would be spending more in TX fees to get the PoT. So if PoT is 2500 and fee is .01, we would need 250000 transactions per 1 PoT reward? That's just breaking even, too. Of course there are variables such as luck and if kidcoin changes the PoW block reward, but based on my math, am I close to being correct?

Essentially by trying to generate POT rewards, what ends up happening is you have no chance...  There are limits to eliminate automated systems from exploiting the POT system.  Its 100% luck driven.  Just as POW rewards are.  They happen all the time POT rewards, look in the debug log for the word "proof-of-transaction"

Thanks for showing me where to look! They do occur quite often in the log.
thekidcoin
sr. member
Activity: 308
Merit: 250
FlutterCoin Developer
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 02:43:10 PM
#2008
Quote from: seattletu on April 09, 2014, 02:30:54 PM
Alright I guess we will see if its a good change or not. I truly don't know, but I will see you guys on the other side. I'm gonna drop out of this thread. Cheers and good luck gentlemen.
Why are you dropping out of the thread LOL?
thekidcoin
sr. member
Activity: 308
Merit: 250
FlutterCoin Developer
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
April 09, 2014, 02:42:35 PM
#2007
Quote from: Halofire on April 09, 2014, 02:36:50 PM
If PoT is not cost effective to send back and forth to ourselves or to each other, that we would be spending more in TX fees to get the PoT. So if PoT is 2500 and fee is .01, we would need 250000 transactions per 1 PoT reward? That's just breaking even, too. Of course there are variables such as luck and if kidcoin changes the PoW block reward, but based on my math, am I close to being correct?

Essentially by trying to generate POT rewards, what ends up happening is you have no chance...  There are limits to eliminate automated systems from exploiting the POT system.  Its 100% luck driven.  Just as POW rewards are.  They happen all the time POT rewards, look in the debug log for the word "proof-of-transaction"
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