Topic: OLD FLY THREAD - page 16. (Read 163654 times)

Hi Kiklo, I am always open to intelligent conversation such as yours. Yes this could certainly be called a tax. I cant argue with that. These are the days when I wish I was not the one making the rules. This was voted on by Team FLY and approved. In fact , it was a heated debate, as some did not see the need for it, and so it was a long and drawn out debate, that was talked about in depth.  Now, I will also remind everyone that the rich will pay by far almost all of it to superfly and get NOTHING in return. We voted to do this to ourselves , knowing we would pay the most in, and get nothing back out. So that made it easier. I also will be lowering it when superfly is funded correctly, or if over funded then remove it.

FLY does simulate SOME of the government ways , except in reverse. The government would NEVER exempt themselves from getting bigger rewards, and I actually made this rule , nobody asked us. We exempted ourselves from superfly rewards. Also the government would NEVER choose to pay the most taxes and get NOTHING in return, we did. So yes, it simulates a democratic economy in some ways, BUT this time its reversed where the little guy will get the most rewards, and the rich will be paying the most in and getting the least back.

When you look at it, I will lose the most by far, as I will easily pay the most in "taxes", and get nothing in return, and yes, I created this rule.

So even though the little guy pays 10% in, he/she will get most or more of this back through superfly.

So when you look at it for what it is, the guy that gets screwed the most is me, and I am fine with that, as it helps the little guy, AND insures not only continued development in fly to remain the leader in technology, but it also guarantees the longevity of fly as the devs will continued to be paid. It Also opens private sales again , allowing most people to get MUCH cheaper fly through private sales.

Also in a democratic system the money belongs to the government, and taxes are for the benefit of the government , and nobody really knows how much is paid in or whats done with it.

Under my system , ANYONE can look and see how much is being collected and exactly what its used for, and NONE of it belongs to me. It belongs to the community. Its a fund to help everyone, and the day it doesnt do that, its needs to be scraped or revamped.

The way I see it, there MUST be a consistent fund to pay the developers. Its not fair that I pay thousands and thousands of dollars alone. So this system is designed to make the rich pay for almost all of it, and the less you have the less you pay, and you will get that back through superfly rewards. If you dont believe this system is needed, just look at the price of all your other coins, if they are even still alive.

I would love it if someone would track what they paid in to superfly in "taxes" and what they got back. My goal is to actually have the little guy GAIN over a period of say 1 month. Maybe someone can get real numbers.

Kiklo , thanks again for an intelligent feedback. I want to hear more intelligent feedback, good or bad. Lets talk.

Vegas

Hmmm,

This is not meant to endorse or create discourse in the conversation.
Merely an observation, IMO, as others may differ.

Whether by original design or the natural sequence of events to hamper dumping ,
Fly's design is becoming a parallel of a government style tax system.

The Superfly wallet emulates the Gov authority , collecting tax , making refunds based on certain criteria, and maintaining the infrastructure by paying the devs.
The Transactions fees emulate the sales tax charged during transactions.
The 10% fee on staking emulates the income tax.

I only mention this , so you can use it to help predict future events with Fly before they occur,
By studying the percentages charged in the real world economics for sales tax and income taxes,
seeing what rates have beneficial verses negative effects, should help you optimize the Fly Fee Structure to minimize future discourse.

FYI:
There are 2 additional fee structures in Gov style systems,
Property Tax , which is a levy on property that the owner is required to pay on a periodic basis.
Fines & Penalties , which are a levy against an individual for their actions or inaction in a stated rule system.

 

Kiklo, sir you should be on Team FLY and join us in slack. You are the only one that saw this. Nice eye for detail!!!

Ok heres the deal:

Whats happening is when we created the tx table, I wanted to relax the fees on the low end of the table. My thought process was that people sending 1-2 fly really dont have much , so their rate is 1%-2%  so send 1-2 fly. The thought had crossed my mind that people with 400-500 fly would never sit there all day and send 1-2 fly every few min, well I was wrong.

See superfly transactions: http://fly.dnsalias.com/address/FUvpVUAnEf9u4JPmVWymhV5o1BEvMQBcyP

See those Tiny Transactions?

So we restructured the table in the next update. So probably now there will be a whole lot less being transacted, which is good for the price of fly , and bad for the funding of Superfly.

One of the main attractions is Superfly. Superfly has not paid out in 2 weeks. This is not because I have forgot. Its because it cant. Plain and simple. There is not enough.

Implementing a mandatory 10% on all stakes on all staking to anything everywhere that get sent to superfly will start funding superfly again which we badly need for so many reasons as its the engine of FLY, and MUST be constantly funded.

Now once superfly is funded correctly, this 10% will drop way down to a much lesser % as needed.

Now before everyone starts getting upset, this will benefit ALL of you, and  "the rich" will pay the most in by far, and get NOTHING in return. Here is why:

"The rich" is anyone holding more than 5000 FLY. We are EXEMPT from superfly rewards by choice. However we stake more than anyone else because of our large balance.

Example: I can EASILY stake 100 FLY A DAY because I have the highest balance. So at least 10 FLY a day I will be funding to superfly, and get NOTHING in return. There are 4 more holders that will stake about the same and get nothing back. So the RICH pay the most and get nothing in return. It CANNOT be more fair than that.

Take example your typical FLY holder that can stake 2 fly a day. He/she will pay .2 fly a day to superfly vs the Rich pay 10 FLY a day EACH and get nothing back.

Also about 1.5 years ago I retired to study Crypto. I lived and breathed Crypto some days 10-12 hours a day and most weeks, 7 days a week. I couldnt get enough of it.
I learned what makes it "tick". I looked at many coins that failed, and studied also the ones that did well, and began to ask a lot of questions to myself.

The #1 question was "Why does a coin fail"?

So I started looking at it from so many angles, and I kept coming back to the same ugly truth, and its this:

"The DEV, makes no money". Its that simple.

See even the devs that make a simple clone coin, make NOTHING. Thats why scams are all over the place. Because all they can really do is a quick pump and dump and out. They could also do a small premine. But even premines are frowned on, so they cant even do that!! So put yourself in the devs position for a moment. You a dev you spend days coding a nice wallet, and testing and launching. You cant do a premine, because thats taboo. So you end up making NOTHING, if your honest. Why continue? So they dont. Why do amazing things like FLY, and bring you the latest and greatest technology?? They wont!

Look, the only reason why fly has the greatest technology is because I am the ONLY person paying the devs for all of this work, and its cost THOUSANDS of dollars, easily. Now I have very deep pockets , but not so great in btc because I invested it ALL in FLY to have the highest balance, that way I CANNOT let it fail.

So here is the harsh reality, if you want the most cutting edge latest and greatest technology, you have to help pay for it. If you dont, the coin is dead. PERIOD. Thats why 97% of coins fail. Why should a dev spend weeks coding and testing for NOTHING??

Whats worse is a guy like me that hires devs cannot even pay them in alt coin like fly. Devs wont accept them, and I dont balme them. If I was coding for someone else, I would want raw btc too!

So,  this is what ive came up with:

10% of ALL stakes to anywhere go into superfly from everyone.

When superfly gets big enough I can start private sales again for a deeply discounted rate. I will take the lowest BID on crytopia and deeply discount that price and make private sales for btc. The BTC will ONLY go to 1 address that will be posted on the OP. That address will ONLY send to 3 different addresses and that is the btc address of the devs. I make NOTHING from this.

So consider this insurance. As long as the devs are being paid they will stay and make fly even more awesome. So its a hard decision , but Ive said it many times. I will do EVERYTHING to protect fly and makes sure its around for years and years. Not an easy decision, but one that had to be made, as I could no longer keep up with the labor fees. So in the future this perecent will drastically fall, but superfly needs to be funded again for all of these reasons. Also this is a great opportunity for many of you to get cheaper fly than you can even find on the exchange. Private sales wont start until FLY has reached ATLEAST 3000 FLY in superfly, and I wont sell private if Superfly is below 2500.

Im open for questions and comments. Please keep them polite , and intelligent.

Thank you

Vegas

I got a better idea , wrap him so fucking tight , he cant move... WINNER!

Not the first idiot to find out the hard way about me, wont be the last.

Vegas

This is going to require a lengthy explanation, and Im crappy in the morning. Give me an hour to wake up and Ill write details so there is no confusion.
Vegas

Nahh hes done. Hes an idiot if he comes back, and he knows it. He is dangerously close to a permaban.

Vegas

+1000 fookin percent! "pardon my french!"

A friendly reminder to use this magic button to solve all troll problems

Question is Send 10% of staking reward to superfly optional or automatic?

Thanks.
 

How very odd... and sad.
Oh Well... Movin' on - Lots of very cool stuff in the pipeline.

Yeah , Yeah ,
Whatever

i leave ya to enjoy ya coin, cause i beat ya,

ya lost ya cool and went all psycho dev.  

and ya threats left me unfazed , remember that.

Nothin else for me here.

AG18 has left the Forum ===================>>>>>>>>>>>>>>>>>>>>>>>

Here is the proof. You see Ill teach you something you dont know, and thats the basics of this forum. See, this is called an "unmoderated thread". What that means is I cannot delete anyone's posts but my own. So, if your posts are getting deleted , it means you have caught the attention of a moderator. I can tell you for an absolute fact, that is the first step before perma-ban. That is their way of warning you, and that they are monitoring your posts. So the wheels are already in motion. So just keep doing what your doing

Vegas

Yeah, Yeah
Huff & Puff, Got ya.

First ya not one of my parents , so ya don't get to punish me, and your godlike complex is disturbing.
But the best cult leaders all have one.  

AG18

I love what I do. Helping people less fortunate than myself. That brings me true happiness. YOU go around all day and attempt to spread misery everywhere you go. You go from thread to thread telling people what a piece of shit thy are, and how they will never make it. This says so much about your state of mind. Im sorry you hate your life, but I wont be your punching bag.

Like I told ya. Ill just report you. The wheels of justice move slow, so when nothing happens in a few days, dont feel safe. I will not stop until you are punished. You WILL lose your account and your freedom. I wont stop until you do. You are now my official prey. You BADLY need to be taught a lesson.

Vegas

Holy shit! I will walk to the casino!

I like you too much. I dont think you could handle my Syclone, It would kill you ..LOL

0-60 in 2 seconds!

https://www.youtube.com/watch?v=ndSdmrxix3s

Guys I know you hate updates , but there were some minor things that needed to be polished , so another update will be coming in next 24 hrs.

So what this means in anyone that wants a withdrawal exemption should PM Keesdewit ASAP at https://bitcointalksearch.org/user/keesdewit-390370

Added command line argument zapwallettxes

Drop connections to older versions on new fork time
Show fee to user when sending coins
Added checkpoint for block 40665
Fix for splitblock function
Send 10% of staking reward to superfly
Autoburn small part of funds sent to superfly (to keep inflation down, and prices high)
revised fee structure

Vegas

Sad that I have cars only in computer games 

and no you cant drive my cars

Good I am a truck man anyway.  Leave the keys to the Dodge Ram when I come in!  

LOVE the support. I feel empowered!!!!

Vegas