Topic: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving - page 215. (Read 368065 times)

i've often wondered why coins do a full year and then abruptly cut the reward in half. it seems like a smoother scale would be better. perhaps it just comes down to a matter of being easier to write the code that way.

if the block reward was lowered, who really would be upset by it? people just starting to mine it right now? why be upset the coins are dirt cheap.

i don't know, i think it's an interesting point you bring up yoyodyne. and it's worth at least thinking about it, even if it's not implemented.

Hate to bring bad news to the party and I usually don't like to say things that can be taken as negative but
if the reward structure isn't changed I am afraid the coin's price will continue to fall and people will stop mining it in time.

https://bter.com/trade/flt_btc
Click the "daily" tab on the chart. Notice the volume levels and price.

There have been large Chinese buyers of the coin for now but even they will struggle to raise the coin's price if they decide to make a move to push
it up. If those buyers stopped buying the price would plummet to near zero. There is a lot of competition now in alt coins and if
you don't have a price that is protected by some form of impending and increasing rarity - the coin will slip into the shadows.

I've been following the trading and market here since day 1 as well as the mining situation.
This includes Mintpal and BTER. And I have been a cheerleader here for awhile as well as in
others forums and chatboxes.

Unfortunately we live in a world where technology tends to get swept away into the ether if
it doesn't take into account the business aspect of things. I've seen it in the physical world
and now I am seeing it here.

You can make FLT more rare on a scale of months instead of years and have an large change to it's future value.
This will also make buyers of the coins feel like they are getting an increase in value and miners will be much happier
to mine something that is reducing in numbers in a shorter time frame.

Many new hands will have a chance to own it if the value increases. It's not just miners that own coins but traders
as well. And right now it seems like just a few people own the vast majority as we see from BTER. A price increase will compel people
to trade it more and it will widely distribute.

I could go on with more examples and analogies but I think the point is made.
If I am missing some plan that I don't know about here then I apologize for being completely incorrect here.

Good luck and hope you see the logic. Would love to see this coin reach the heights it deserves.
The tipping point is here. Which way will you go?

*** Max Bet has been increased to 300 FLT ***

FlutterCoin Dice @ http://cryptocointools.com/dice/fluttercoin/

• Play anywhere between the min (2.00 FLT) and max (300.00 FLT) bet to win FLT
• All transactions are processed after 1 confirmation
• Provably fair game
• 0.01 FLT is sent back for each loss.
• 0.01 FLT is retained from each payout to cover tx fees.
• A new secret hash is generated every 24 hours

Thanks.  Let me add to front page and website I keep forgetting...

Charts here: http://crypto-prices.com/FLT

that's dope, i love it 

+1

awesome, gotta fix the link, the colors might be the problem since link is broken up to produce the colors in the coding

Working on some improvements to make it easier to view the status of POS minting.

Personally I think the original logo was more than adequate! This coin is fairly unique, and that's what attracted me to start mining it over a month ago; A colourful, yet professional looking logo from the outset and the unique PoT rewards. Caught my attention immediately.

So if I have an encrypted wallet it has to stay open but an unsafe wallet not, right? Because if I unlock my encrypted wallet with 'walletpassphrase' and close the programm, it would be locked again and will not be able to mint?

The important question is: do I lose minting coins while the encrypted wallet ist locked and closed? Or can I catch them up all later?

ooooh, yeah, lots of sending and receiving, more chances of getting the PoT reward.

Updated our wallet to v0.4.5.4.

---

Remember our giveaway!

The top 20 block finders until 17/04 will each be given an additional 100 FLT each.

You can visit our pool here: http://flutter.speedminer.org

Very stable pool.  Steady payouts checked every minute, Payout after 112 confirms (lower then other pools).

If I have 3000000 flt, 30 days later, I can have how much stake?

it looks like the first coins i mined were on 3/11 so i should be getting some stake soon too.

like i said before this coin is a good balance of wanting to hold for PoS and wanting to spend for PoT

Yeah you don't have to do anything, coins just have to be at least 30 days old (in your wallet).  I have a bunch I am going to stake in a few days when it is available for me (I moved a lot of my coins around)

if my wallet is not password protected, will i mint without having to do anything?

You can unlock for minting only by running:

walletpassphrase [mintonly]

for example:

walletpassphrase mypassword 604800 true