Topic: OLD FLY THREAD - page 29. (Read 163670 times)

I like the concepts of FLY and am totally behind this coin but think that it would be really nice as soon as all these problems were figured out and maybe it would be kind of cool if some of the big whale holders of FLY showed some love for the little guys by maybe doing a little giveaway of a couple FLY to help us little guys out get a little more involved in this great coin and idea I mean I just think it would definitely show a lot to the little guys if they did something like that to help some of us little guys out that don't exactly have the BTC to just buy a bunch of FLY You could host some giveaways or something to really show that you guys are truly in this for the little guys as well 

its nice idea but how a exchange manage coldwallet/hotwallet coin transactions without burn high fees

OK,
New Idea to solve this issue at hand.

On Fly Wallet, There has to be Two different Types of Address for each wallet.

1 Type Address is call the Staking Address
Where you can store coins , but it stakes the coins so you gain your interest,
Whenever you send coins out of this type address , then you are charged the 10% which goes to the superfly.

2nd type address is called Non-Staking Address.
Any coins store here do not stake , so they do not gain interest.
You can send from this address without paying the fee.

Any Exchange would keep all of their coins in the Non-Staking type Addresses, so they would never be charged the 10% fee , and can send out the exact amount purchased.

Users will store their coins in the type 1 staking address to earn interest and if they dump , they are charged the fee.
Users that store their coins in type 2 non-staking address , would not be a problem, as it would be no different for them than buying it on the exchange and letting it sit there. But it would also give fly the ability to purchase items by using this address without the fee.

Additional Options :
You can place a limit on the amount of fly send out per block, if you feel the need.
Also the addresses need a slightly different prefix , so you can tell just by looking if the address is staking or nonstaking.
Example Staking address all start with FS, all non staking start with FN ,
2 separate type address on 1 blockchain, 

 

I think I might have misread it the first time around, after a second glance i think that could make sense.

users will be able to use the new address. but it would cost them more coins to do so than a normal address, so why would you?

I don't see what would be in place to prevent any normal user from using this special address type, so I am guessing this wouldn't work well. If I were to do this, I would just get an address that cryptopia says they own, and then if the transaction includes a signed message from that specific address (it doesn't even need to be to or from that address) then it could be fee free. But of course there are other ways to do it as well.

Solution from Griffith :




@ Presstab : Your opinion: Can this work or is it something you have to do and test and tweak?

Do you have a different solution?

Vegas

add another address type to the enum in CBitcoinAddress class in base58.h
have the wallet running in an exchangewallet mode use that enum for addresses, the addresses from exchange wallets using this selection from the enum will use a different address formatting than standard user wallet so they are easily identifiable by the network. the new exchange addresses will have a different and for the most part higher fee structure when receiving coins but be exempt from fees when sending coins. since all wallets will have the code there is no need for special nodes.

this solves the free withdrawl problem, and keeps the anti-dumping system in place.

problem solved

EDIT: when sending from an exchange address to another exchange address. the higher fees when recieving would overrule the free sending. This prevents people from the incentive to run thier own wallets in exchange mode and prevents moving around from exchange to exchange to manipulate the market (or something like that)

This is exactly what I said last time. It was ignored and I was being an ass in the eyes of some people.

This is exactly what I said last time. It was ignored and I was being an ass in the eyes of some people.

Don't worry about it, you guys are just getting worked up about non-issues.

Best way is that if Vegasguy isn't sure about the implementation of his fee system, that he should create a hardfork in order to revert the current method until which time he can perfect it the way he needs. This would probably be best for now to allow everyone to transact Coins freely.

Don't worry about it, you guys are just getting worked up about non-issues.

Best way is that if Vegasguy isn't sure about the implementation of his fee system, that he should create a hardfork in order to revert the current method until which time he can perfect it the way he needs. This would probably be best for now to allow everyone to transact Coins freely.

Who are you to think on behalf of other people? You are thinking way to high of yourself. You think i'm not interested, then why the hell would I ask the same unanswered question again?

I will ask again,

ETA on working exchange? (its not that hard to answer)

And please add detailed information in the OP about why the trading has halted for weeks, why yobit is not compatible anymore for trading etc. The OP only states info about where to trade, not on the issues that FLY is having at this time.

Because u r not really interested in the answers! If u read back everything, vegasguy did its best, to answered ALL!
Fly is not here to be deadtraded in few weeks. What we do here is unique in cryptoworld. Antidump-feetable!!!

My link to your post was only an invite for u, to maybe can give us feedback. U can always pm Vegasguy here and imagine ur suggestions!