Topic: [ANN][FLT] Fluttercoin Ƹ̵̡Ӝ̵̨̄Ʒ | Proof of Transaction 3.0 | Update v0.7.5.22 - page 23. (Read 151664 times)

PoT actually checks the previous transaction to see if there is a "match" on the selection algorithm.  if so then the next block pays that person 5% of the reward.  So if you are PoW, the reward is 5, so you get .25flt, which isn't much. On PoS reward it is higher.  For instance if i stake for 100FLT, you receive 5flt.

--o

Also, I do agree balencing with the pow would be a good idea!  What im worried about with an increase to the PoW is ... an increase to PoT

and PoT "vetting"   ... i love the idea of Proof of transaction!!!!

But, the one issue i notice. If the amount gained is more than the amount spent to send transactions, people seem to always look at this as a flaw. (even if its not flawed) My opinion we need to try and make the amount attained by PoT to just under the amount to send a transaction. That way the benifit from PoT is that it can help pay your transaction, not just straight out pay you!  just a thought though!! i really dont understand the PoT system

(edit: Just a Thought, decrease PoT perentage to 1% of PoW block... increase cost to send trasaction.... maybe, increase PoT freqency? 50FLT per PoW block halfing along with the rest of the system... again just thoughts here) 

Again remember everyone..... we are talking as a commiunty these are ideas and opinions... please share yours!    

Sorry for waiting a bit before replying I wanted to see how people felt about it before doing any response...

Well it seems like we may have something here, maybe work on the details a little more, as ive said in an earlier post, i dont fully understand the pos algorithum, but you defienly explained it good their. 

My idea was based on all i knew was it was ment to give out 5% .... i did not know the top amount, nor really the technicalities lol
so, it was really just showing the lower % so first halfing (you were saying top is roulghly 20%) becomes top 10% and bottem 2.5%

Really as well it is just an idea, but with regards to it being unfair to new people who wish to join in the future, could that not be said about all coins? But, also the coin has been out and trading well ... so everyone has had a fair chance to get into this coin so if it does "Pop" off one day, no one could really say its unfair, just.... more.... DAMN why didnt i buy at 25 sat. lol





  ::)Getting a bit desperate, are we? You should be concerned about creating some use cases for this coin not about the supply... Only reason some people were holding this was because it gave good pos awards.

Well this is no desperation, this was a new player to the flutter field (community) Who, sadly unlike yourself seems to want to do things together to build the coin and the system and has put an actual idea fourth to the community to be debated on, maybe changed, maybe never past the talking stage.

But, from exactly what you said... further stresses my point behind my idea. The only ones holding the coin are those who want rediculous return rates on pos. If we change it to a reasonable rate of staking... maybe we can build fluttercoin to the uses it was meant for but in my opinion an inflation rate as large as flutters currently could be harmful and seemingly has been so!

So again the point of my idea is to bring discussion to the table about an idea how to build it and what to build towards.... what is your idea to build anything for the coin?   (not being a dick either, if you have an idea, put it out there!!! )

Lastly, in comparison to a lot of PoS coins, "if", after a couple halfings.... you will still get great PoS rewards. So most likely we will not lose any of those type of holders!



  ;)Is this coin still alive ? 

Alive and Kicking, Never Going to Die! Well maybe when the last computer on earth dies!!!!! lol

Getting a bit desperate, are we? You should be concerned about creating some use cases for this coin not about the supply... Only reason some people were holding this was because it gave good pos awards.

check for yourself...
https://chainz.cryptoid.info/flt/

and I do like it and it's not incredibly aggressive, so you want to half the percentage on the schedule?
so right now it starts at 100% top annual stake if diff is low and fluctuates as the block time adjusts

1 mil block we cut it to 50%, then 25%, then on and on?  So if we cut it to 50%, current rate would go from around 20% to 10%, and so on.  So around block 4million it's 12.5% max rate, but it would be more like 2% annual stake.  I will need to reduce the lower limit, coin was designed to produce no less than 5% annual stake, so what would lower limit be?

I do find that it penalizes new members of the community because there are less coins for them to generated to play with.  Constant rate of inflation allows all parties to have the same playing field.  This is one reason I think a lot of coins die.  Why involve yourself in the coin now 2 years later if you can only make 50% now that you could have made earlier.  This benefits the existing holders who have accumulated coins.  It does work for the bitcoin model though.

It does have a direct influence on the price.  But with Bitcoin at increased highs, our price has been stable, which considering the other alts are taking a beating.

It also hurts the PoT system that pays out 5% of stake.  As the stake reward lowers this is going to go down.

We have close to 300 million coins and current annual stake rate if all coins were participating is 75 million, sometimes this gets down to 30-40 million, stake fluctuates with the diff, but real world numbers are lower than this.  From block 700000 to 800000 we produced about 10 million new coins in a little over 3 months.

Some things I have been thinking about related to coin production
PoW reward is a little low, I know it's there just for some security, but should we adjust this while doing some balancing?

My thoughts on the coin and how to drive interest back into it would be for us to move to a system like most are after when they look to a coin for currency purposes. That is a system that drives some sort of deflationary aspect to the coin. As i can not lie getting the amount from staking is amazing, i can also see why the coin could over time die if it does not fix its inflationary aspect. (or find its purpose in the world of alt coins)
 
Though I am not here just to fret on the problems of the coin (in my opinion) .... but to talk to the community about an idea for fluttercoin 2.0 so to say....
One I wish to message the community about the idea to make sure it is embraced by all (or at least the vast majority)
Secondly to ask Ofeefee if one he agrees my idea is good for the coin, and also if he could possibly work to implement it!

Lastly, my idea..... 
Well the coin has been out for almost 2 and 1/2 years, and is still trading so that is good... but as more coins are created... more coins are created, if you catch my drift. To combat the inflation in the coin that we would see if this is not addressed, I suggest implementing a deflationary aspect to the POS algorithm, Basically a block having the would see the amount staked halfed in increments doubling in time after implementation.

So to put it in information that is basic and easier to understand what i mean by all this.....

Flutter pos 2.0 would start on the 1,000,000th block... starting at 2.5% (doubling in difficulty)  (2.5ish years into creation)

First halfing (second really, first of flutter 2.0) block 2,000,000th... 1.25%(doubling in difficulty) (2.5 years later)
(3,000,000th block... this is when the doubling in time will first be noticed as 1.25% will continue till the 4,000,000th block)
2nd halfing block 4,000,000th .... 0.625%(*******) (5 years after that)

3rd halfing block 8,000,000th ...... 0.3125% (10 years after)

4th halfing block 16,000,000th ..... 0.15625% (20 years after)

5th halfing block 32,000,000th ..... 0.078125% (40 years after)  (this would be 80 years after the first coin was minted roughly)
And so on

Please share how you all feel about this idea!? 
 

This is probably the only coin that has not been pumped on Poloniex this year.

It's a form of mining, the more coins you have the more you stake.  Having 100 coins to stake a block is not going to likely happen.  This is like complaining that you want to mine btc with a single S5.  You are competing with other coin holders to generate blocks.  

At the current rate, you can easily pickup 100k with about $20 bucks.  You should not have any issues staking that, i split all mine up into <25k blocks, and most have split into the 6k range now (need to add that split mod so I can control this!), and they still fire off periodically.  The coin is priced so you can own a bunch of them, then stake them and get to it!

https://chainz.cryptoid.info/flt/tx.dws?1695311.htm  (Proof of Transaction paying out)

--o

I was trying to test the water for staking before I buy into it when I get paid the btc I am owed.  I literally just want to see the stake in action before I really dump money into it which is possible typically with normal coins easily but has proven next to impossible with this coin, so I had posted a very polite and nice message asking if anybody would be willing to donate a few coins that I could combine with the ones I already have from the fluttershare app and the few i bought in for to test staking with originally that apparently weren't enough even when merged with a bunch of coins from the fluttershare app.  Which really made me sad when it hit over 60 days and still hadn't managed to stake even thou the coins were listed as high before 30 days, so I figured it was going to be enough and let it just keep running afterwards since it has so much coin age built up by now.  Which given that nothing that was provided actually works for helping get coins outside of the tiny bit you get from the share app, its proven extremely hard to just test the waters and I had bought like 800 coins initially and merged in more just to be safe, and apparently it just wasn't enough and I am planning to merge in the other 100 or so that I have in various flutter share transactions, I just really was hoping to get a few more to go with it to ensure that I don't just waste another 30 days trying to test the water.  I like the idea of this coin, but man just trying to test the water is extremely difficult with this long stake time.  Since if you fail to actually get a stake and just keep waiting for it when it apparently may never come you have already lost a significant amount of time trying to get things to stake since the minimum time is 30 days which by 60 days its was becoming more and more clear that even thou it said high for the coins it very well may never actually stake for a long time.  Which I would consider just buying more for this round of testing or wai till I got paid to test things but the fact it takes 30 days makes that not ideal especially when hopefully by then I could have and answer to know if its worth dumping a significant amount of btc into it or not, which is the question I am really trying to answer, and at some point its not going to be worth it to keep trying to get a stake in this coin which means I would probably just move onto another coin and never know if this coins actually worth investing in or not.  If I already had some spare btc I would just buy some right now to add to what I have for the purpose of staking, but seeing as I had to loan a family member everything I had for a while, I really don't have that option unfortunately.  If it wasn't starting to feel like summer here I would just mine some currency to buy it, but its way to hot in here to consider that since my rooms already like 85f without any mining going just my towers running doing their normal daily stuff.

I will post my address again then since everybody seems to be more understanding to at least it being posted verse whoever deleted my nicely composed message just trying to get a few coins to make staking possible, and yes I have the free coins from leaving the wallet turned on, it just is such a slow trickle and im not sure where its safe to decide to recombine the coins and wait 30 days for a stake, since the last time I tried I had gone well past 60 days and nothing even when its said high from like 10 days onward.  I really like some of the ideas in this coin and am interested in getting into it fairly heavy, I just really like to test a coin first, and clearly I didnt buy enough the first time as I figured 500 would have been enough combined with random other coins that added up some after a month.  But I was wrong so just trying to be safe for this round of trying to test it because I really hate to have to jump in hard just to see its staking once.

Address: FMqgzxtVPwxk7RGXad2o3oseeAcQ3ZRTee

BTW thanks to everybody who actually listened and wanted to talk constructively, thats what I was hoping would happen from that message.  I was a bit worried it would be taken wrong since I was more direct than usual about things and a little irritated at the same time.

i enabled free flutter on my staking wallet, will see...

--o

I don't think anyone in this group would delete the post for asking for help, I know I have not, I do know bitcointalk moderates them outside of our control.

They are easy enough to get.  The client has free fluttercoin option built into it.  Enable it, leave your client running and coins get sent daily.  Server that runs this may need to be checked if it's not sending out, but sends 10-20 or so to an address daily.

--o

and honestly if your not going to buy Flutter coin at 40 sat. lol, its your loss! And you are most likely the type to bail on it on a rise in price anyway. But, there is nothing here to harp on. you cannot call bullsht on fluttercoin because you can not get enough coins to stake with from a Faucet, Name a coin you can get enough to stake with from faucets? and that has been around for 2 years? And is listed on polo?

P.S. no one likes to give out free money!

Real Faucets... do not give out free money. Not only that real Faucets are for the $-profiting of the Faucet owner, they make ad revenue giving out a fraction of their profits to keeps people coming to the site and keep ad revenue flowing.

lol well if you would ask about the staking or even just sell 1 lite coin.(or invest 0.0082 of a bitcoin) and you could purchase over 20,000 fluttercoin at current price which would give you more than enough to test it.

But, i will give you an idea as im not an admin nor understand the complex side to these coins Aka bitcoin and the likes. it seems the algorithom is set to give out 5% of the coins that have been produced per anunum. Meaning because there are those with inactive wallets and coins, it tends to give a higher percentage than would be first anticipated.

Please those more knowledgeable please correct me if I am wrong or add any points i missed!

But, if you are asking is the proof of stake worth it, Yes, yes it is in my opinion.

Although, both your posts did make me laugh, at first i giggled because you honestly came off as a beggar like the guys i see on the off ramps of the freeway! Than when the law came in... (because in real life panhandling is a crime in some places and the police can put a halt to it)... you freaked out yelling and calling names.

Please note, that in my last message i mentioned how you... (if you have a wallet up and running)... will get more fluttercoin from the "Faucet" in there than the fluttercoin faucets you mentioned were no longer active.

Seriously how is anybody supposed to get into this coin if you delete their post for asking for some startup coins when they can't buy any currently and after the experience they have had trying to test the waters with the coin they don't even know what the stakes feel like for taking 30 days makes them uncertain if this coin is even worth putting money into, and every single faucet posted throughout the entire thread is broken or completely doesn't even existent anymore?  Guess I am not going to bother with this coin even when I do get some btc up since I cant even test the water really as I can't get enough to even stake a single time.  Wouldn't need to try to ask in the thread if at least one of the faucets actually worked, but as I stated none of them work at all so your only helping to hurt the coin as nobody has to give any if they don't want and I was very professional in my request since I was literally just trying to get enough to test the waters with it so I could make a decision about getting into it, as I have been trying to get coins to test the waters for months now without success because of the fact there is physically no way to really get coins besides the share feature in the app which just doesn't add up to anything even after several months of it running.  Which yes I had combined the inputs from them into a larger transaction and 60 days had passed on the first combine of 900 coins and it still hasn't even managed to stake which contained a few coins I bought and then some coins from the faucet that worked one time and coins from the share feature, which the share feature is basically impossible to get started with because the values so low that they have to be combined with many many many days worth obviously to even be able to get a stake when 900 wont do it and the most it gives at once is 20, and then to top it off it takes 30 days after combining to even begin to see if it will stake.  So I am sorry I was trying to get into this coin as this coin clearly doesn't want new people to get into it by any means apparently when just trying to get some startup coins to test it out actually when after months of trying its still hasn't been possible to even get a single stake and you guys literally advertise a faucet in the first post that goes to a spam / advertisement domain, and then since none of the others work that means asking is the only way left to try and get into it, but that gets answered with a post deletion.  Thanks for creating a coin thats next to impossible to test to begin with without jumping in with a bunch of btc and then making it completely impossible to test by not even letting a simple request for a few coins to try and get a stake to see the coin in action stay for even a bit of time since no other method exists for getting them besides one that at this rate would take over a year to build up enough to even be able to stake.

I figure this post will be deleted quickly and I would have pm'ed this to you instead if I knew who the thread moderator was, but I don't see the thread moderator information listed anywhere.  Not trying to fud just expressing my views of the experience I have had trying to test the waters with this coin as I prepare to bow out of this coin completely since its proving to be a coin that clearly isn't worth the time or energy to keep trying to test the waters of to find out if its even worth investing in, and clearly trying to get coins to test the water is apparently an issue even thou you can't even keep the officially listed faucet running.

Would personally like to make a game like facet that would give out free flutter coin... make it fun to get them instead of just entering your address in and proving you are not a robot ... lol

But, i have no coding skills myself here!

If anyone is able to make the Super Flutter Game into a tournament style game id be down to back and support it and get it up and running.

Love to find a game maker that I could work with to make games to give out flutter coins with.

Until than... run you wallet every day, with the the free coins enabled in the flutter share tab!

(tend to get more from this than the facets right now anyway)

Nope no issues here!     ....i try my best to keep my wallet up and running 24/7!
My laptop sucks though battery is ca'put so if it gets unplugged by accident it goes down lol

Nope, all goes right on here, no any problems with connections, syncing, or stops at any block number, etc. Using client ver. : 0.7.5.18-ga , current block #807975
guessing your cloud service calls issue.