Griffith is looking over our code to see if a swap is required for Masternodes. If a swap is not required, then I wont do it. I know users hate swaps, so I avoid them at all costs. But, I really think we need to do what it takes to get masternodes added, as it will cause heavy buy pressure. The next question becomes how much for each masternode? I do agree , that they should be rare, and people should stretch to acquire them. If the price per masternode is too low, then everyone has them, and there is no value. If its too high, people might not bother. Im considering 2000 fly per masternode. This should be a stretch, so people start buying. Im considering the reward structure similar to Dash, but this is not set in stone. Im open to suggestions.
Vegas
Topic: FLY COIN ANN.Swapping to "Las Vegas"coin,+Masternodes,Darksend,Stealth, instantX - page 54. (Read 186171 times)
July 31, 2016, 02:29:32 PM
July 31, 2016, 11:22:17 AM
I dont mind the idea of masternodes, I do think that the 500 requirement is a little low though.
For masternodes, Id like to see them qualify at around 1% of the supply. They shouldn't be too easy to get your hands on, make them rare.
If the entire supply is filled with everyone running masternodes, it kind of defeats the purpose.
For masternodes, Id like to see them qualify at around 1% of the supply. They shouldn't be too easy to get your hands on, make them rare.
If the entire supply is filled with everyone running masternodes, it kind of defeats the purpose.
I actually like the idea of masternodes being a higher priced. 1000FLY?? 2000FLY?? A higher requirement would cause more buy pressure.
Vegas
The compensation will need to be proportional.
A successful network of Masternodes requirements should prefer servers in datacentres with dedicated IP addresses, not home/business single-ended internet connections.
If your masternodes are popping off and on the network and changing addresses, this will cause more instability than without masternodes.
The bar (on requirements) should be set high enough to attract quality applications for masternodes. In return, masternodes should attain equal or better returns than a regular PoS/PoSP node. The masternodes shall (if the code is written correctly), maintain fair and even distribution of the staking payouts, and blockchain health.
Funny you should mention a data center would be best, as I own one , filled with the latest servers, and a private dedicated fiber optic network that can reach speeds past 1Gps upload and download, so that wont be a problem at all. Its looking more and more like this is the way to go. I think 1000 fly is the sweet spot for cost per masternode, unless you guys think it should be higher. Making the cost higher would bring more buy pressure, and make it more exclusive.
Vegas
Ok....the datacenter question is cleared now!
Vegas, you have prepared everything it seems. So, COMMUNITY
let vegas changing the core and switching to a masternode...the biggest advantage, the coin itself will be more safe against 51% attacks and so on, because newer core!!!
Steve
July 31, 2016, 11:08:53 AM
I dont mind the idea of masternodes, I do think that the 500 requirement is a little low though.
For masternodes, Id like to see them qualify at around 1% of the supply. They shouldn't be too easy to get your hands on, make them rare.
If the entire supply is filled with everyone running masternodes, it kind of defeats the purpose.
For masternodes, Id like to see them qualify at around 1% of the supply. They shouldn't be too easy to get your hands on, make them rare.
If the entire supply is filled with everyone running masternodes, it kind of defeats the purpose.
I actually like the idea of masternodes being a higher priced. 1000FLY?? 2000FLY?? A higher requirement would cause more buy pressure.
Vegas
The compensation will need to be proportional.
A successful network of Masternodes requirements should prefer servers in datacentres with dedicated IP addresses, not home/business single-ended internet connections.
If your masternodes are popping off and on the network and changing addresses, this will cause more instability than without masternodes.
The bar (on requirements) should be set high enough to attract quality applications for masternodes. In return, masternodes should attain equal or better returns than a regular PoS/PoSP node. The masternodes shall (if the code is written correctly), maintain fair and even distribution of the staking payouts, and blockchain health.
Funny you should mention a data center would be best, as I own one , filled with the latest servers, and a private dedicated fiber optic network that can reach speeds past 1Gps upload and download, so that wont be a problem at all. Its looking more and more like this is the way to go. I think 1000 fly is the sweet spot for cost per masternode, unless you guys think it should be higher. Making the cost higher would bring more buy pressure, and make it more exclusive.
Vegas
July 31, 2016, 10:09:45 AM
Have I been living in the dark ages or what?
I never knew of the existence of a faucet for FLY coin, but there is one, part of bleutrade.
For those who are looking for faucets: http://fly.bleufaucet.com/
I never knew of the existence of a faucet for FLY coin, but there is one, part of bleutrade.
For those who are looking for faucets: http://fly.bleufaucet.com/
July 31, 2016, 08:56:51 AM
Masternodes in Fly
I love the idea for a masternodecoin. I am sure, this will push Flycoin to a high quality coin. The art is, to manage the masternodeserver and we have to change the core.
But if Flycoin-Team will decide to create masternodes, I am fully in!
Greetz
Steve
I love the idea for a masternodecoin. I am sure, this will push Flycoin to a high quality coin. The art is, to manage the masternodeserver and we have to change the core.
But if Flycoin-Team will decide to create masternodes, I am fully in!
Greetz
Steve
July 31, 2016, 08:12:17 AM
Thanks midnight for the good info.
I hope we don't get too "pricy" with the nodes..... 1000 max imho.
I hope we don't get too "pricy" with the nodes..... 1000 max imho.
July 31, 2016, 01:12:13 AM
I dont mind the idea of masternodes, I do think that the 500 requirement is a little low though.
For masternodes, Id like to see them qualify at around 1% of the supply. They shouldn't be too easy to get your hands on, make them rare.
If the entire supply is filled with everyone running masternodes, it kind of defeats the purpose.
For masternodes, Id like to see them qualify at around 1% of the supply. They shouldn't be too easy to get your hands on, make them rare.
If the entire supply is filled with everyone running masternodes, it kind of defeats the purpose.
I actually like the idea of masternodes being a higher priced. 1000FLY?? 2000FLY?? A higher requirement would cause more buy pressure.
Vegas
The compensation will need to be proportional.
A successful network of Masternodes requirements should prefer servers in datacentres with dedicated IP addresses, not home/business single-ended internet connections.
If your masternodes are popping off and on the network and changing addresses, this will cause more instability than without masternodes.
The bar (on requirements) should be set high enough to attract quality applications for masternodes. In return, masternodes should attain equal or better returns than a regular PoS/PoSP node. The masternodes shall (if the code is written correctly), maintain fair and even distribution of the staking payouts, and blockchain health.
July 31, 2016, 12:55:51 AM
I know the ball is already rolling, but it is too bad that the poll had the option of voting for the feature we want through multi-selection or by a weighted order (ie. the more important features get more counts).
Or it may be a better option to start a new thread dedicated to discussing the possibilities of new features.
We are currently in a mess of possible features, and this is not the only forum I am reading or the only coin I am following, so I am forgetting where things are without going back and rereading 3 pages of posts.
Too bad this project does not have a website at your disposal to list out the options and more details to the specifics of the choices...
(sarcasm... I think...)
There could be pretty graphs based on models and actual math to show the pro and cons of each choice and their effects on the growth in coin and value.
As Mattais noted, he has been asked to create a website. We all can agree, he does quality work!Or it may be a better option to start a new thread dedicated to discussing the possibilities of new features.
We are currently in a mess of possible features, and this is not the only forum I am reading or the only coin I am following, so I am forgetting where things are without going back and rereading 3 pages of posts.
Too bad this project does not have a website at your disposal to list out the options and more details to the specifics of the choices...
(sarcasm... I think...) There could be pretty graphs based on models and actual math to show the pro and cons of each choice and their effects on the growth in coin and value.
I r looking fwd to this!
It would be a positive thing to have more positive and objective technical dialogue and input into the road map to plan(t) the next 12 months.
July 31, 2016, 12:19:17 AM
I dont mind the idea of masternodes, I do think that the 500 requirement is a little low though.
For masternodes, Id like to see them qualify at around 1% of the supply. They shouldn't be too easy to get your hands on, make them rare.
If the entire supply is filled with everyone running masternodes, it kind of defeats the purpose.
For masternodes, Id like to see them qualify at around 1% of the supply. They shouldn't be too easy to get your hands on, make them rare.
If the entire supply is filled with everyone running masternodes, it kind of defeats the purpose.
I actually like the idea of masternodes being a higher priced. 1000FLY?? 2000FLY?? A higher requirement would cause more buy pressure.
Vegas
July 30, 2016, 11:17:54 PM
Concerning the options: More discussion is needed.
I like the idea of masternodes to secure the network.
Hope to be here more frequently. Still recovering from
the flu which had unexpected complications.
I like the idea of masternodes to secure the network.
Hope to be here more frequently. Still recovering from
the flu which had unexpected complications.
July 30, 2016, 11:15:01 PM
I know the ball is already rolling, but it is too bad that the poll had the option of voting for the feature we want through multi-selection or by a weighted order (ie. the more important features get more counts).
Or it may be a better option to start a new thread dedicated to discussing the possibilities of new features.
We are currently in a mess of possible features, and this is not the only forum I am reading or the only coin I am following, so I am forgetting where things are without going back and rereading 3 pages of posts.
Too bad this project does not have a website at your disposal to list out the options and more details to the specifics of the choices... (sarcasm... I think...)
There could be pretty graphs based on models and actual math to show the pro and cons of each choice and their effects on the growth in coin and value.
As Mattais noted, he has been asked to create a website. We all can agree, he does quality work! Or it may be a better option to start a new thread dedicated to discussing the possibilities of new features.
We are currently in a mess of possible features, and this is not the only forum I am reading or the only coin I am following, so I am forgetting where things are without going back and rereading 3 pages of posts.
Too bad this project does not have a website at your disposal to list out the options and more details to the specifics of the choices...
(sarcasm... I think...) There could be pretty graphs based on models and actual math to show the pro and cons of each choice and their effects on the growth in coin and value.
July 30, 2016, 09:34:55 PM
I dont mind the idea of masternodes, I do think that the 500 requirement is a little low though.
For masternodes, Id like to see them qualify at around 1% of the supply. They shouldn't be too easy to get your hands on, make them rare.
If the entire supply is filled with everyone running masternodes, it kind of defeats the purpose.
For masternodes, Id like to see them qualify at around 1% of the supply. They shouldn't be too easy to get your hands on, make them rare.
If the entire supply is filled with everyone running masternodes, it kind of defeats the purpose.
July 30, 2016, 09:34:21 PM
Masternodes sounds like a good idea, and at 500 fly, it isn't beyond the reach of anyone wishing to set it up fairly economically; I say we give it a try. 
July 30, 2016, 09:15:05 PM
Ok so, the poll is indicating to do nothing. The problem is if we do nothing, then its just "another coin". I am strongly thinking of adding masternodes at the cost of 500 FLY per masternode needed to collateral. This will keep fly off the exchanges, and because there is a benefit to having a master node , people will be buying fly to get masternodes. This will cause more buy pressure.
So , doing nothing has generated pretty good results. We are one of the few coins that are rock solid at 100,000 sats after 1 year. Typically if a coin is active after one year, and its not inflated to hell, then thats a strong coin. Ive done a lot of work to keep inflation low as possible. Evan at 50% POS , I managed to keep it extremely low. We started at 150,000 coins , when the coin started and then there was a pow for 20,000 blocks, and its been about a year, and we have only increased the money supply by about 50,000 coins. Most coins are dead and abandoned or are at 1 sat in a few months. But I think adding masternodes is an OPTION. You dont have to participate, and just enjoy POSP.
We still have tons of development to do.
Our Electrum server is up and running so we can create Androids, and Griffith already completed his first one.
A multipool will be built that pays out in fly.
So there is lots to look forward to. People are finally beginning to see the safety of fly compared to all the newbie crap coins that are being released. I am way too far invested to run off and abandon this project. But more than that, I would never burn the people that have trusted me. Im always the first to stand up and defend this coin.
So now would be a good time to speak up for or against masternodes as I have asked Griffith to look over our code and see if we can do it without a swap.
Vegas
So , doing nothing has generated pretty good results. We are one of the few coins that are rock solid at 100,000 sats after 1 year. Typically if a coin is active after one year, and its not inflated to hell, then thats a strong coin. Ive done a lot of work to keep inflation low as possible. Evan at 50% POS , I managed to keep it extremely low. We started at 150,000 coins , when the coin started and then there was a pow for 20,000 blocks, and its been about a year, and we have only increased the money supply by about 50,000 coins. Most coins are dead and abandoned or are at 1 sat in a few months. But I think adding masternodes is an OPTION. You dont have to participate, and just enjoy POSP.
We still have tons of development to do.
Our Electrum server is up and running so we can create Androids, and Griffith already completed his first one.
A multipool will be built that pays out in fly.
So there is lots to look forward to. People are finally beginning to see the safety of fly compared to all the newbie crap coins that are being released. I am way too far invested to run off and abandon this project. But more than that, I would never burn the people that have trusted me. Im always the first to stand up and defend this coin.
So now would be a good time to speak up for or against masternodes as I have asked Griffith to look over our code and see if we can do it without a swap.
Vegas
July 30, 2016, 12:22:05 PM
Ok, I have a buy order in, so someone decide to sell !!
July 29, 2016, 11:53:05 AM
Ok we are at a stalemate on Yobit at least the past week. We need to begin trading again. Sellers are not going any lower than 100k, this is actually a very good sign that they are holding their ground, buyers are not going any higher. What did actually work very well a few weeks ago was the "buy order matching program", this caused a lot of nice trading on Yobit. I ended it when a user mentioned that I was topping the buy orders, and when sellers were selling, I was getting the coins. So I will match the buy order amounts UNDER what you place. Lets get some trading going again. 0 vol is not healthy for so many days. Even if you have a tiny bit of btc , then please place what you can , and I will match it (I will match the amount of coins, under your order).
Im still looking into adding Masternodes. Getting different opinions from different devs, on if a swap is needed or not. If this is implemented, it would be 500 fly per masternode, and you will receive a percent of the entire POS system based on how many masternodes you have setup. As I know the dash masternode system works perfect, this is the model we are looking at. This will help with buy pressure as people will try to get as many masternodes setup as they can.
If you want me to match your buy order, make sure your buy order is 1000 sats higher than the top order, and its atleast 20 fly. . If we only move 1 sat at a time, nothing will happen. If everyone does their share, we can start activity again. If we all work together like last time, we can make some nice trades, and volume. Ive started already:
Vegas
Im still looking into adding Masternodes. Getting different opinions from different devs, on if a swap is needed or not. If this is implemented, it would be 500 fly per masternode, and you will receive a percent of the entire POS system based on how many masternodes you have setup. As I know the dash masternode system works perfect, this is the model we are looking at. This will help with buy pressure as people will try to get as many masternodes setup as they can.
If you want me to match your buy order, make sure your buy order is 1000 sats higher than the top order, and its atleast 20 fly. . If we only move 1 sat at a time, nothing will happen. If everyone does their share, we can start activity again. If we all work together like last time, we can make some nice trades, and volume. Ive started already:
Vegas
July 28, 2016, 11:26:55 AM
Guys I sent money out of the superfly wallet to C00p3r for Apple wallets. I havent moved money from the superfly wallet in a while, and I like to report what its for and why.
Status: 0/unconfirmed, broadcast through 1 node
Date: 7/28/2016 08:22
To: From Vegas to cooper , thanks. FRANKroMjve2cw8YoRsnujNexodisPpiL9
Debit: -50.00 FLY
Net amount: -50.00 FLY
Transaction ID: 81d40c02fc94343f658fc7109de2f29ce3aa54db4dc2000a625caf698e495837
Thank you.
Vegas
Status: 0/unconfirmed, broadcast through 1 node
Date: 7/28/2016 08:22
To: From Vegas to cooper , thanks. FRANKroMjve2cw8YoRsnujNexodisPpiL9
Debit: -50.00 FLY
Net amount: -50.00 FLY
Transaction ID: 81d40c02fc94343f658fc7109de2f29ce3aa54db4dc2000a625caf698e495837
Thank you.
Vegas
July 28, 2016, 12:09:34 AM
Guys Yobit is down, probably DDOS attack. Use bleu-trade until it comes back up.
https://bleutrade.com/exchange/FLY/BTC
Update. Yobit backonline.
Vegas
https://bleutrade.com/exchange/FLY/BTC
Update. Yobit backonline.
Vegas
July 27, 2016, 10:32:34 PM
I know the ball is already rolling, but it is too bad that the poll had the option of voting for the feature we want through multi-selection or by a weighted order (ie. the more important features get more counts).
Or it may be a better option to start a new thread dedicated to discussing the possibilities of new features.
We are currently in a mess of possible features, and this is not the only forum I am reading or the only coin I am following, so I am forgetting where things are without going back and rereading 3 pages of posts.
Too bad this project does not have a website at your disposal to list out the options and more details to the specifics of the choices... (sarcasm... I think...)
There could be pretty graphs based on models and actual math to show the pro and cons of each choice and their effects on the growth in coin and value.
Or it may be a better option to start a new thread dedicated to discussing the possibilities of new features.
We are currently in a mess of possible features, and this is not the only forum I am reading or the only coin I am following, so I am forgetting where things are without going back and rereading 3 pages of posts.
Too bad this project does not have a website at your disposal to list out the options and more details to the specifics of the choices...
(sarcasm... I think...) There could be pretty graphs based on models and actual math to show the pro and cons of each choice and their effects on the growth in coin and value.
I am already asked to make one, i would have some time to do so in about a week (or less).
As soon as our swap is done and my Roadmap update is out i can have a conversation with vegas to get a feeling about his Needs..
here some examples i did:
For Customer:
http://www.automotives-keim.de
For crypto:
http://www.europecoin.eu.org
http://www.federatedblockchains.eu.org
http://www.bitsend.info
have fun
Matthias
.
July 27, 2016, 01:16:27 AM
I know the ball is already rolling, but it is too bad that the poll had the option of voting for the feature we want through multi-selection or by a weighted order (ie. the more important features get more counts).
Or it may be a better option to start a new thread dedicated to discussing the possibilities of new features.
We are currently in a mess of possible features, and this is not the only forum I am reading or the only coin I am following, so I am forgetting where things are without going back and rereading 3 pages of posts.
Too bad this project does not have a website at your disposal to list out the options and more details to the specifics of the choices... (sarcasm... I think...)
There could be pretty graphs based on models and actual math to show the pro and cons of each choice and their effects on the growth in coin and value.
Or it may be a better option to start a new thread dedicated to discussing the possibilities of new features.
We are currently in a mess of possible features, and this is not the only forum I am reading or the only coin I am following, so I am forgetting where things are without going back and rereading 3 pages of posts.
Too bad this project does not have a website at your disposal to list out the options and more details to the specifics of the choices...
(sarcasm... I think...) There could be pretty graphs based on models and actual math to show the pro and cons of each choice and their effects on the growth in coin and value.
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