Topic: FLY COIN ANN.Swapping to "Las Vegas"coin,+Masternodes,Darksend,Stealth, instantX - page 56. (Read 186171 times)

Trying to figure out the changes that were made in the latest fork, want to catch the explorer up. Everyone deleted their repos and started over though??

i understand a new codebase like 0.11 or 0.12 can do HODL

but i know no POS coin of that new codebase

ur poll state POS + HODL

u sure u able to deliver?

Thank you for your input. I read every word. This is the reason why I want the users to be heard. I take major changes extremely serious. I am wiling to spend the enormous cost and time , if this is what the users want. It may not be.  Please make sure to also vote. If its not, then please propose some other ideas. As it stands our real world usage is wallet compiling. We have already launched that and are aggressively marketing that every day. We have work lined up already.  Next we will build a multipool. But I want to bring as much value to Fly as possible.  

Thank you again.

Vegas

I realize that most Altcoins are experimental and beta codebase, but they are also a stage for developers and possible platforms of the future.

Coin swaps and hard forks are not taken lightly by those with a serious view of where this technology is going.  To be considered as a legitimate value carrying currency, there should be serious considerations on the plan forward with long term goals that will not have major impacts on the blockchain or the users without a very large advantage for the risk and inconvenience.

The Bitcoin code base you are following has managed to make changes for years without hard forks until recently, and that has been in discussion and planning for what, the last 2 years?  This coin has made intrinsically motivated changes at least 5 times in less than a year.  That is not innovation, that is planning A.D.D.

Take the time and plan it right, and you may well be able to keep the vested individuals that this coin has help bring together.

But, as a business owner, you already know the dynamics of investors and clients, so I'm just preaching to the choir! 

Hi Banzai , there is also funds stuck in the long 64bit "L" addresses that cannot be accessed when we tried to create the antidump system. These funds cannot be accessed at all, yet they are counted in the money supply. If a swap were to be done, these would be left behind. There is also another 322 coins in an unrecoverable burn address. Richlist #95.

Vegas

My hope is as many people speak up and post their wishes, so we can take fly in the direction that the community wants. It appears many want lower interest rates to keep prices stable, and I am all for that.

Should you vote for doing the 1:1 swap , the core will be updated to 11.2 and HODL will be added. If you choose to participate in HODL then we could structure it a few different ways.

First you would get your 10% regular POS.

Then we would make a vote on two HODL options. Each option will be 1-12 months, in 1 month increments.

1st option would be a bonus of 1% per month added to the 10% you will receive anyway. If you choose the 12th month it is 3% more for the last month. So you would compound at 25% for all 12 months if you locked at 12 months. If you locked at 6 months then it would be 10% + 6 months at 1% = 16% compounded for every month.

2nd option would be a bonus of 2% per month added to the 10% you will receive anyway. If you choose the 12th month it is 2% more for the last month. So you would compound at 35% for all 12 months if you locked at 12 months. If you locked at 6 months then it would be 10% + 6 months at 2% = 22% compounded for every month.

The changes would be coded by the same dev that already did these exact same changes in ERC V3 (Europe coin V3).  Seen here: https://bitcointalksearch.org/topic/europecoin-erc-financecloud-cryptocurreny-finance-api-smarthub-901605

These are just ideas. I encourage anyone to chime in with ideas. Are these numbers too high or too low? Please post feedback.

Vegas

 k i voted for just no change, because i've no idea what the terms are for the long run with the other options, which lower returns short term.
that said, what are the team's outlook for the FLY max emission long term? a maximum # that will ever be? how long will we he holding HODLing? 25% forever for those who can afford to lock money away?
 personally i think a smaller money supply is desirable so less inflation should be a target, with interest rates anywhere in the 0.5 to maybe 5% (but 2% is better) so maybe hodl 1 year = 5-7%
i think the lower rates would help level the field between the large/small holders

I'm not sure how you got the figure below 200K supply, but the explorer's total supply is calculated by ALL transactions in the chain, and not reliable on "moneysupply" in getinfo.. There is absolutely more then 200K in ciculation.. The fact people don't move their coins, has nothing to do with actual supply imo.. I'm willing to do a complete re-sync if you wish  

But good news on the progress in plans This will also get rid of all the forks etc.. And the wallet.dat issues (If some still had those)
I will create a second explorer for FLY v2, and keep the old explorer online until the swap is completely finished  

Voted!

Ok guys, so I was told wrong information.  To add HODL WOULD require a coin swap. It would be 1:1. There are advantages to this. The first being we can upgrade our old core of V8.x to 11.2 of core. The second is it would allow many future upgrades , starting with HODL. The third which is VERY important to me is it would correct the horribly inaccurate money supply. We are far less than 200k. That I can tell you for a fact. The top person on the rich list was issued 8370 fly on September 16th 2015, and has never staked, and has never moved coins. Im sure there are more "lost" coins. So anyway, with this new information, Im going to reset the poll, because this now requires a coin swap which is a massive pain , and enormous cost to rebuild fly with a new core. Next month fly will be 1 year old!!! Thats middle aged for crypto. Fly will one day be a very old coin , like DMD Anyway, its not about what I want, its what YOU want.

If you have already voted, im sorry, I have to ask you to vote again. I reset all votes to 0 because a coin swap is a MAJOR change to the deal, and it could change your vote. Please vote, because if you DONT want a coin swap, and you dont vote, you might be forced to swap because others voted for it. Voting is anonymous. I dont know , who voted for what. 

Vegas

I appreciate it, but they will only pay with their coin for the bounty, and one of them, doesnt even have an exchange.

Guys a few reminders. Check you are on V2.3 of FLY. Also please scroll all the way to the top of the page and vote for HODL and future POSP rate.

Vegas

Vegas, look at bounty section

https://bitcointalksearch.org/topic/putincoinputin-pos-150-pow-just-50k-blocks-much-bounties-1526495
https://bitcointalksearch.org/topic/ann-ladacoin-aa-ldc-pow-depends-money-of-balance-1533740

Really? I am very surprised!

Christian

Correct. We would update our core in order to add hodl. This would be very similar to the way Europe coin updated.

Please scroll to the top of the page and vote if you want HODL added.

Vegas

HODL give u the opportunity for timedeposits to reach more rewards than normal POS. In Europecoin is working already perfect but with a Core 11.3

Greetz
Steve

We have. We thought originally because of our core it couldnt be done. We have now looked at it more and it CAN be done without any hassle to the users.

Vegas

u excluded the possibility of POS together with HODL before because of codebase ( pre 0.10 POS and post 0.10 HODL) mismatch

so u found a solution for this now?

i don't vote, i don't understand it 

Ive added a poll regarding the future of POSP and /or adding HODL to fly. PLEASE vote. This is the only way I can know what you want. Voting is anonymous. I will never know who voted for what, and I wont ask. It takes 10 seconds to read through the options and vote. Thank you for your support!!!!

Vegas

So for now , since this is a very long term coin, we will let the weak hands dump as low as they want to go, and then in a few years we will work on restoring the price. Fly is about a month away from its one year anniversary, so certainly a coin that has thrived this long and is one of the few that is stable will rise in price.  People that have held fly should be holding right now, and placing buy orders in low to accumulate.

As a reminder please check your are on FLY V2.3 . Thanks. POSP is now in effect.


What are your thoughts/suggestions plz?

Vegas

There was a 600 sell order sitting on the sell side for a long time. Looks like they simply lost patience.

Their loss, managed to get a few cheap ones myself.