Topic: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving - page 250. (Read 368097 times)
March 22, 2014, 10:54:05 PM
Attention Fluttercoin community: 10,000 FLT bounty for the creation of a "FLT Accepted Here" button. Would also like banners and "Pay with FLT" buttons
March 22, 2014, 10:26:06 PM
@thekidcoin
Can you please answer this --
Can you please answer this --
Does the wallet enforce the transaction fee on the miner's end? Cause there'll always be clients which don't enforce it.
March 22, 2014, 10:12:34 PM
nice logo moon.
March 22, 2014, 08:37:12 PM
Do u guys think the flt price has gone down because all Cryptos are down now, or do u think if btc had been stable flt would have still gone down anyways?
Someone keeps dumping 200-300k at once every hour on mintpal.Saw this happen at least 5 times today.
well it looks like those coins got gobbled up and the price has been stabilizing and even starting to creep back up.
March 22, 2014, 07:52:41 PM
Do u guys think the flt price has gone down because all Cryptos are down now, or do u think if btc had been stable flt would have still gone down anyways?
Someone keeps dumping 200-300k at once every hour on mintpal.Saw this happen at least 5 times today.
March 22, 2014, 07:38:19 PM
This has to be the most bogus coin ever.
So what I got to do to earn coins is send coins to myself again and again fastest possible (once balance has been matured).
So I suggest, instead of mining, people just send coins to themselves to earn it.
Can't be done. So what I got to do to earn coins is send coins to myself again and again fastest possible (once balance has been matured).
So I suggest, instead of mining, people just send coins to themselves to earn it.
March 22, 2014, 07:34:54 PM
Can you explain the "Proof-of-Block" a little more? I don't get it? You can get coins when you make transactions? Or am I misunderstanding? Couldn't you just endlessly send coins to your self?
You could endlessly send coins to yourself sure, but fees would eat up your funds, its based on addresses in the previous block converted to a hex format, a snippet of that address then used to search the previous block hash for matches, if there is a match the address receives part of the mining subsidy. Its not very easy to have a match. Because of this, there is additional checking the verifies the coinbase transactions including address, value, size etc further securing the blockchain and eliminating the possibility of disabling the functionality.Theoretical situation to understand this better.
Let's say, to improve my chances, I have a bot that controlled 2000 FLT wallets each one having a balance of 1000 flutters (or more).
The bot sends 1000 flutters to 1000 addresses (it controls also).
It repeats this process by sending them back and forward or scales it up by adding more addresses and more funds.
It now has an extremely high chance of one or some of those transactions finding a match and is rewarded a PoT for an amount of FLT that is greater than all of the transaction fees.
In that scenario, would it be possible for somebody to take advantage of the PoT reward?
Will be more caps on # of addresses in a tx, after the stratum issue is fixed (I'm having to mod stratum-mining) - and also there is a cap (will be raised with fix above) on # of tx's.
March 22, 2014, 07:10:19 PM
Do u guys think the flt price has gone down because all Cryptos are down now, or do u think if btc had been stable flt would have still gone down anyways?
March 22, 2014, 06:21:33 PM
If anyone's interested in a pool with 0% fee, flt.bitember.com is currently making a promotion for the first 100 people to reply to there reddit post: http://www.reddit.com/r/fluttercoin/comments/20ycl9/limited_offer_for_permanent_0_fees_join_our_flt/
Usually they take 3% fee, but I've already tested it and it works. You are mining without any pool fees applied and you are not donating.
My pool over at http://flutter.miningwith.us has always and will always be 0% fees, without having to post in any reddit thread. Usually they take 3% fee, but I've already tested it and it works. You are mining without any pool fees applied and you are not donating.
Would be awesome if more people would check it out.
Posted from Bitcointa.lk - #qw2TCzcNTgNqGbJw
March 22, 2014, 05:42:55 PM
If anyone's interested in a pool with 0% fee, flt.bitember.com is currently making a promotion for the first 100 people to reply to there reddit post: http://www.reddit.com/r/fluttercoin/comments/20ycl9/limited_offer_for_permanent_0_fees_join_our_flt/
Usually they take 3% fee, but I've already tested it and it works. You are mining without any pool fees applied and you are not donating.
Usually they take 3% fee, but I've already tested it and it works. You are mining without any pool fees applied and you are not donating.
March 22, 2014, 04:17:24 PM
Ok, I just finished reading every post on the cryptocointalk thread.
There were about 2 mentions related to PoT and the potential exploits.
To sum up.
1. Kid said that if somebody was to spam multiple transactions they would be able to identify them. It would then be easy to agree to up the transaction fees to combat the problem rendering the spamming unprofitable
2. He designed it to be very much a game of chance in order for a PoT reward to take place. Therefore it is very difficult to get PoT reward via normal day to day transacting.
Conclusion.
I really do think there needs to be further testing using bots or these questions are going to come up time and time again.
If any dev is capable of putting together a bot capable of spamming FLT transactions using multiple wallet addresses I will provide a bounty for the sake of discovery.
There were about 2 mentions related to PoT and the potential exploits.
To sum up.
1. Kid said that if somebody was to spam multiple transactions they would be able to identify them. It would then be easy to agree to up the transaction fees to combat the problem rendering the spamming unprofitable
2. He designed it to be very much a game of chance in order for a PoT reward to take place. Therefore it is very difficult to get PoT reward via normal day to day transacting.
Conclusion.
I really do think there needs to be further testing using bots or these questions are going to come up time and time again.
If any dev is capable of putting together a bot capable of spamming FLT transactions using multiple wallet addresses I will provide a bounty for the sake of discovery.
March 22, 2014, 03:38:29 PM
He has said many times the tx fee would eat up your coins before it would be worth it trying to hit a pot reward.
March 22, 2014, 03:22:41 PM
Can you explain the "Proof-of-Block" a little more? I don't get it? You can get coins when you make transactions? Or am I misunderstanding? Couldn't you just endlessly send coins to your self?
You could endlessly send coins to yourself sure, but fees would eat up your funds, its based on addresses in the previous block converted to a hex format, a snippet of that address then used to search the previous block hash for matches, if there is a match the address receives part of the mining subsidy. Its not very easy to have a match. Because of this, there is additional checking the verifies the coinbase transactions including address, value, size etc further securing the blockchain and eliminating the possibility of disabling the functionality.Theoretical situation to understand this better.
Let's say, to improve my chances, I have a bot that controlled 2000 FLT wallets each one having a balance of 1000 flutters (or more).
The bot sends 1000 flutters to 1000 addresses (it controls also).
It repeats this process by sending them back and forward or scales it up by adding more addresses and more funds.
It now has an extremely high chance of one or some of those transactions finding a match and is rewarded a PoT for an amount of FLT that is greater than all of the transaction fees.
In that scenario, would it be possible for somebody to take advantage of the PoT reward?
Correct me if I'm wrong, but I doubt it takes anywhere near as much CPU power to fire off multiple transactions as it does to mine.
Would be nice to hear the devs opinion on this.
Maybe you could test it then..
Kid explained it countless of times on cryptocointalk, maybe try digging it there.
March 22, 2014, 03:16:43 PM
Can you explain the "Proof-of-Block" a little more? I don't get it? You can get coins when you make transactions? Or am I misunderstanding? Couldn't you just endlessly send coins to your self?
You could endlessly send coins to yourself sure, but fees would eat up your funds, its based on addresses in the previous block converted to a hex format, a snippet of that address then used to search the previous block hash for matches, if there is a match the address receives part of the mining subsidy. Its not very easy to have a match. Because of this, there is additional checking the verifies the coinbase transactions including address, value, size etc further securing the blockchain and eliminating the possibility of disabling the functionality.Theoretical situation to understand this better.
Let's say, to improve my chances, I have a bot that controlled 2000 FLT wallets each one having a balance of 1000 flutters (or more).
The bot sends 1000 flutters to 1000 addresses (it controls also).
It repeats this process by sending them back and forward or scales it up by adding more addresses and more funds.
It now has an extremely high chance of one or some of those transactions finding a match and is rewarded a PoT for an amount of FLT that is greater than all of the transaction fees.
In that scenario, would it be possible for somebody to take advantage of the PoT reward?
Correct me if I'm wrong, but I doubt it takes anywhere near as much CPU power to fire off multiple transactions as it does to mine.
Would be nice to hear the devs opinion on this.
March 22, 2014, 02:59:16 PM
Can you explain the "Proof-of-Block" a little more? I don't get it? You can get coins when you make transactions? Or am I misunderstanding? Couldn't you just endlessly send coins to your self?
You could endlessly send coins to yourself sure, but fees would eat up your funds, its based on addresses in the previous block converted to a hex format, a snippet of that address then used to search the previous block hash for matches, if there is a match the address receives part of the mining subsidy. Its not very easy to have a match. Because of this, there is additional checking the verifies the coinbase transactions including address, value, size etc further securing the blockchain and eliminating the possibility of disabling the functionality.Theoretical situation to understand this better.
Let's say, to improve my chances, I have a bot that controlled 2000 FLT wallets each one having a balance of 1000 flutters (or more).
The bot sends 1000 flutters to 1000 addresses (it controls also).
It repeats this process by sending them back and forward or scales it up by adding more addresses and more funds.
It now has an extremely high chance of one or some of those transactions finding a match and is rewarded a PoT for an amount of FLT that is greater than all of the transaction fees.
In that scenario, would it be possible for somebody to take advantage of the PoT reward?
March 22, 2014, 02:31:03 PM
Hey guys,
I am working on a thread translated to Dutch,
If you are interested in maybe donating, you can send some to: FSJSx3mfDhfMA4k7YQJGbsURzFPhGaupTL in FLT, 1Go7KMJELSnkyzPe1LxSt2S2PKx9W6NYq5 for BTC and LeFyvy6gy7UoDdvHHCxPJeskstTgWzajR4 for LTC.
Stay tuned!
I am working on a thread translated to Dutch,
If you are interested in maybe donating, you can send some to: FSJSx3mfDhfMA4k7YQJGbsURzFPhGaupTL in FLT, 1Go7KMJELSnkyzPe1LxSt2S2PKx9W6NYq5 for BTC and LeFyvy6gy7UoDdvHHCxPJeskstTgWzajR4 for LTC.
Stay tuned!
March 22, 2014, 12:40:09 PM
Hello guys, looking for a good pool to mine on with a ton of hash?
EXE.DEDICATEDPOOL.COM
Mining Information
Server Infrastructure
EXE.DEDICATEDPOOL.COM
Mining Information
- Custom stratum/mpos environment
- Vardiff enabled
- PPNLS payout system
- Everything is transparent - blocks, donations, fees.
Server Infrastructure
- SIX(6) SERVERS IN CLUSTER
- DDoS level 7 cloudflare, 5 and 3 stratum, and level at 1 switch level
- 8 Core servers, 256GB DDR3 RAM, RAID 10 SSD
- Ramdisks, memcaches, to make things go extremely quick
March 22, 2014, 12:39:18 PM
Can you explain the "Proof-of-Block" a little more? I don't get it? You can get coins when you make transactions? Or am I misunderstanding? Couldn't you just endlessly send coins to your self?
You could endlessly send coins to yourself sure, but fees would eat up your funds, its based on addresses in the previous block converted to a hex format, a snippet of that address then used to search the previous block hash for matches, if there is a match the address receives part of the mining subsidy. Its not very easy to have a match. Because of this, there is additional checking the verifies the coinbase transactions including address, value, size etc further securing the blockchain and eliminating the possibility of disabling the functionality.Theoretical situation to understand this better.
Let's say, to improve my chances, I have a bot that controlled 2000 FLT wallets each one having a balance of 1000 flutters (or more).
The bot sends 1000 flutters to 1000 addresses (it controls also).
It repeats this process by sending them back and forward or scales it up by adding more addresses and more funds.
It now has an extremely high chance of one or some of those transactions finding a match and is rewarded a PoT for an amount of FLT that is greater than all of the transaction fees.
In that scenario, would it be possible for somebody to take advantage of the PoT reward?
March 22, 2014, 11:15:24 AM
This has to be the most bogus coin ever.
So what I got to do to earn coins is send coins to myself again and again fastest possible (once balance has been matured).
So I suggest, instead of mining, people just send coins to themselves to earn it.
So what I got to do to earn coins is send coins to myself again and again fastest possible (once balance has been matured).
So I suggest, instead of mining, people just send coins to themselves to earn it.
dE! I take offence in that you haven't added Trollcoin as one of your Overrated coins! We thrive on bad press!
1) Trollcoin is not an overrated coin
2) Trollcoin's days have not come yet. It's not even in coinmarketcap.
Good points, & that's bad press so I'm happy.
Now back to why we shouldn't mine FlutterScraps! The name is pretty cool tho... Ok, I'm in!
March 22, 2014, 11:09:11 AM
This has to be the most bogus coin ever.
So what I got to do to earn coins is send coins to myself again and again fastest possible (once balance has been matured).
So I suggest, instead of mining, people just send coins to themselves to earn it.
So what I got to do to earn coins is send coins to myself again and again fastest possible (once balance has been matured).
So I suggest, instead of mining, people just send coins to themselves to earn it.
dE! I take offence in that you haven't added Trollcoin as one of your Overrated coins! We thrive on bad press!
1) Trollcoin is not an overrated coin
2) Trollcoin's days have not come yet. It's not even in coinmarketcap.
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