Topic: FLY COIN ANN.Swapping to "Las Vegas"coin,+Masternodes,Darksend,Stealth, instantX - page 48. (Read 186205 times)

QT5 on a Pi, that is pushing the limits. I run daemons only on Pi.  Just not enough memory for much more than a daemon.

Thank you Prophet. I will reward you too. Please message me your fly addy, and I will post this on the OP.

Vegas

Raspberry Pi wallets, daemon and Qt GUI: https://mega.nz/#F!gwUQQLYD!Jb3wx70vD2_WdOp-3h3FbQ

Flycoind, SHA-1: 6D967705E6C2C0D7575A9B1B95D33096EEA8A47E
Flycoin-qt, SHA-1: 7448AC2809BE46C396131911A1F1EDD2BBA5520D

Qt wallet may require installed libqt5-* dependencies.

Guys I sent 100 fly to user Cooper who compiles our mac wallets. I will always announce when funds have been spent from Superfly as its the community wallet.

Vegas

That's what I really like about FLY is that you continue to strive to make sure that the coin lasts and stands the test of time and I really respect that about this coin and the community and you as well Vegasguy Keep up the amazing work Cheers

Good to see you!! You know Im asked all the time, what is the vision of fly? Or what can I buy with fly? What makes fly so special? Ill tell you. Because no coin creator/dev/op has the intensity and passion to make the coin, the best it can possibly be. I do. After a few months in Crypto it was very clear that everyone was doing the same thing, and that was investing in short term scam coins, hoping they would just "go to the moon". I watched people over and over again lose their money. So I created fly as a safe haven. A place where you can store your funds, and know that the dev wasnt going to abandon the coin a few weeks after launch. A coin that wouldnt inflate so fast because of a very high POS, and then become worthless. So I looked at this, and I saw an opportunity to really be different. What I mean is , I have protected the users from loss, more times than I can count. I wanted to bring integrity and trust to fly coin. When people had lost enough through short term scams, they start to look for safer places. For me before fly it was HBN, CAP, TEK. These are highly respected coins. However, they let inflation destroy the value. That wont happen here. I wont let it. So even though we have had our challenges Fly is one of a tiny percent of coins that after 1 year is worth 55,000 sats. That in itself should say so much. Because fly is a project I will be working on for years, all the price can do it go up. The 16th of September will be our official 1 year anniversary, and fly is rock solid. The more time passes, the more users and trust we will gain, especially if they see the price rise steadily, and it will. The other thing about fly is I have never manipulated it. The price is what it is. Its the only way I can gauge if I am on the right track. Even the most incredibly popular coins, that everyone goes mad over fail time and time again. https://bitcointalk.org/index.php?topic=1173385.2380
Fly will be around for years, and years and its price will always be rock solid.

Vegas

I just wanna say good work on everything to do with FLY good sir I really have a good strong respect for people like you who strive to bring crypto to the masses mate Cheers

I think what Im going to do is start with 1 masternode only, at first, at the cost of 500 fly each. This will be accomplished much faster. From there I will begin the process of finding a dev that can code a multi-level masternode.

Griffith is continuing his work on our multipool.

Vegas

ION is POS masternode
https://ionomy.com/

Got it, works,  new link, had to clone it again.

Thanks

-JK

Hi I just double checked the OP (The github symbol) and it shows that the git was updated 2 days ago. Here is the link: https://github.com/Greg-Griffith/Flycoin

Is there a source update for 2.4?   Github has not been updated for 2 months.

Thanks

-JK

Pow has ended, and wont start again. The new POS rate is 10% per year. It is NOT a fixed block reward. We are still sorting out the details of the masternodes and wont be implemented for about 2 months. All I can say is the masternodes will pay much higher than POS based on the level you choose. Also masternodes will pay daily, where POS has a min 7 day wait. We are still at 35% POS until block 90k. The whole point of this is to encourage people to purchase enough fly to setup a masternode or two or more. This increases buy pressure and increases the price.

Just spoke with Griffith, and it sounds like he has a basic working multipool that will payout in fly. I beleive its in Alpha stage right now. So Im not sure how long it will be before we can test it. It will payout in fly.

Vegas

So the new structure Pow is 10%. What about the pos? Is that going to be fixed amount per block (what is the split between miners and masternodes?

All links on OP updated to current v2.4

I think my best bet to find a dev that has vast knowledge in masternodes is to pm them. The coins that have fully working masternodes are the devs I seek.
Ive already Pmed Transfer coin a couple of days ago, and he has not responded yet.
Can you guys give me some names of some other coins that have good working masternodes? I wont bother with Dash, because Im quite sure they wont respond.

Vegas
 

I will certainly need assistance structuring the masternodes. Like Ive stated before I have done nothing with Masternodes, and have a very basic understanding of them. My goal is to have the masternodes almost always payout higher than POS. So, Cryptonit when the time comes, i would like to hire your expertise to structure something like this, so most of the benefits go to the masternodes to cause buy pressure in the market. First there is still a 100 fly bounty for someone to find a dev that can complete a multitier masternode.

Vegas

MacWallet v2.4

Download

im not sure u understand how POS Masternode system work

the masternode colateral is not able to POS itself

also all POS masternode coins i know use static POS rewards not per anno block rewards

means that ur desired yearly inflation is split by the amount of blocks generated in a year and thats the static blockreward for POS

and thus blockreward is reduced by the masternode share which is going to be send to the masternode


a multitier masternode system might work too

then its like a lucky POS block for the POS minter if a low tier masternode got his block because then the POS guy able keep more of the reward

so as example if u run 5 min blocktime thats

365x24x12 = 105120 blocks a year

if u want a low inflation of like 35% a year and we have 200000 coins now
then we need following static blockreward

200000*0.35 / 105120 = 0.6659 FLY each block
(u can leave that value active endless the yearly inflation will decrease by itself
because u rollout coins in same speed but total amount of coins is more and more so inflation is less and less)

and now u can split each block that between the POS minter and the masternode
and remove lucky block at all it just disturbe flat calculated coin rollout

the luck in this case is if the masternode who is assigned to ur POS block is a low or high tier one

at a low tier masternode there is more reward for the POS minter

i would set the tier levels

tier1 ( 500fly) masternode get 8%
tier2 (1000fly) masternode get 20%
tier3 (2000fly) masternode get 44%
tier4 (5000fly )masternode get 90%

of POS reward

sound low for tier1

but consider u might masternode a block each day
while u can only POS with 7 days min age

if u use ur coins to POS or to masternode is a dynamic question

if there many coins locked in masternodes it might be even better to compete for POS blocks

but u have to adjust ur coin pile size to optimal size based on the POS competition

a static POS engine means the goal is to find as many blocks as possible

so we would have more small coin piles more competition for POS blocks and a healthy POS difficulty

just my 2c
use what u find usefull vegas

@vegasguy - reach out to @infernoman or @wigitgetit  they know masternodes!

For the record, Ive sent the latest wallet V2.4 to Yobit, Bleu-trade, and Banzaibtc, and Presstab.

Vegas