Topic: OLD FLY THREAD - page 90. (Read 163654 times)

Ladies and gentlemen,

I've made an interesting observation:

When I activate the savings over the wallet and try to activate it over "tools", this never worked for me. But now, I typed the order from presstab over DEBUG windows, this works FINALLY for me!

Try it, I could bet, u see a wonder!

Greetz
Meta

the flycoin.conf file can run with addnodes only. Remove everything else.

Vegas

Dennis, the rpcport is: 41567 (rpcport=41567)

As a matter of safety, I would use another rpcuser and rpcpassword, just to be on the safe side (at least make the rpcpassword to something really hard to guess, like jKd48VQsD347xXtHaKkk5Bi33ur, you got the idea).

Just a suggestion

yes there will be a charge to go from yobit to your wallet. You will easily make this up when you hold long term as youll get your own stakes AND if your not over 5000 FLY youll get stakes from SuperFLY. 10% tx fees have not started yet, neither has SuperFLY.


So now would be a good time get get as much FLY as you can before wallet v1.6 that activates higher fees and SuperFLY and wallet V1.6 should be released in the next 1-2 days.

Vegas

Thanks for the response... What about going from YOBIT to your wallet?  Is there a TX fee?  I like to acquire more coins on dips, need to know if I need account for the 10% fee.

ah, nice, so i know what you are talking about i was just unfamiliar with the name.

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No. You are automatically disqualified as you are over the limit. The limit is 5000 FLY. This program is designed to help those with less than 5000 FLY or "the little guys".

Vegas

By  the way: Shit i missed the piont with superperfly i guess,
do i have to do any action?

I think the "saturated Market"  scenario does only apply to coins, (and then probably to any coin) if it doesn't develop  further.
Since crypto, static money policy isn't working any more and every crypto, that forgets innovating will immediately decline.
That said , you have to see the current FLY concept as an "upstart" concept. The day a crypto reaches "save heaven" does simply not exist any more.
The days where people have to fear bad money policy are going to get replaced by days, when bad money policy has to fear people.
Thats the real magic of crypto.


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Thanks for your question.

Your question was: Does your savings address have to be a yobit address: Your stakes will automatically move to the "savings" wallet without fees. So it would be best to use  Yobit as your savings account to avoid fees and you should. This is where superfly comes in. If you have 100 FLY or more and have done a name claim on the richlist, you will automatically get stakes from a massive staking wallet called SuperFLY. SuperFLY is funded by those massive tx fees. So about 9.99% of the tx fees automatically goes into the superFLY wallet and if you have 100 FLY and have name claimed and followed the "no sell from main wallet rule", youll get stakes from that. SuperFly has already a balance of 1000 FLY and will grow fast.

Vegas

With a 10% TX fee,  does that mean if you want to sell off stakes ( as everyone has to eat...)  to avoid the fee, your "savings" address should be YOBIT and not a wallet?  If you buy FLY on the exchange and move to your wallet,  does that also incur a 10% TX fee ?   A little confusing as to when/where the fee is applied.

Im quite sure you missed the part that the Superfly wallet that rewards all but the rich ("Rich" is over 5000 FLY) comes from the VERY high TX fees (10%) that ALWAYS goes to the superfly wallet automatically. Its hardcoded into wallet 1.6. So Superfly wallet will NEVER run out of funds, as it is funded by 10% of ALL transactions.It is funded every few minutes. It main purpose is it helps EVERYONE except the "rich". Thr rich are those with 5000 FLY or more. The rich are automatically excluded from SuperFLY rewards. When the wallet becomes really large and it will, it will be used to help those devastated by scams like Paycoin and Crave, or maybe a wallet stealing virus. The SuperFLY wallet is clearly marked on the richlist and ANY outbound transaction will be voted on by the SuperFLY team and THEN announed in public in great detail. It will leave no question what the funds are being used for. EVERY transaction out of the superfly wallet will clearly be labeled. Im glad I clarified that, and thank you for your time.

Thanks

Vegas

Thanks for clarifying your views. Much appreciated. 

Hi Jc, thanks for your feedback. Its very clear you are versed in economics, and are very intelligent. I am glad to answer any questions you have. I will section your comments and respond if you dont mind:


If you simply look at the FLY code its simple and unexciting. Profit is a tiny portion of what fly is about. Have you read on the OP about "SuperFLY" and how it supports those on the bottom , and eliminates the "rich" at the top? Have you read about our "rescue missions" where we will help those devastated in crypto by financial loss? There is also "Team FLY" for the elite members of crypto. FLY has LITTLE to do with profit and everything to do with making crypto a better place. We are days away from launching SuperFLY. SuperFly is the heart of FLY. Its where the magic is. Its what allows Team FLY to make crypto a better place. There is much much more , but we are about 45 days old, and its too soon to reveal more.


FLY is self sustainable, it does NOT require new investors to sustain. IF it always required new investors, then its a Ponzi and its weak and will collapse. FLY can stand on its own without any more investors. The market will NOT get saturated as the top 15 hold almost 95% of the coins, and they are NOT selling.

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The pool of buyers? Who cares, NOT needed, a non factor. FLY does NOT need buyers. Its self sustainable. Our vol is probably the lowest on Yobit and our price is only 2nd to LTC on Yobit.

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Again.. why do we need buyers for FLY to stay alive? I think you believe that FLY works this way:

Private investors buy from me. I then fund the Superfly wallet and reward the investors on the bottom. Under this scenario, Fly WOULD always need new buyers as Superfly will quickly run out of funds. This is NOT how SuperFLY operates. This is simply a ponzi, which fly is not

Here is how SuperFLY REALLY works: The funding into the superFLY wallet comes from massive TX fees to the tune of 10% for each transaction. THIS funds the SuperFly wallet. This also discourages those from moving money around and sending it to the exchange. It rewards holders and stakers, and discourages sellers. So this is why Fly is self sustainable, because it does NOT require new investors , and will go on for years without even 1 new investor. However IF there is a private investor, the btc attained goes to create a buy wall on Yobit, holding the price even stronger.

I hope this clears up any confusion. Im glad to answer any more questions.

Thanks

Vegas

After observing Fly for a while from an economics and sustainability point of view, for the sake of the Fly community I hope there is more than the current price and profit model. It is not possible to have a model just based on profit - for every winner there must be a loser.  The winners and losers state do not necessarily have to happen at the same time but the respective cycles can be asynchronous or deferred. Currently the coin seems to be in the "winner cycle". There are winners as more people join, stick to the rules and people are willing to hold off from selling. The model will work as long as there are people willing to buy into Fly (stake or from the fund), which means that when the market gets saturated the community will have a problem as the losers cycle will kick in at that point. For now though there seems to be more people willing to buy in order to get into a position to sell their stake for a profit and on the other hand holders seem to be content with just holding. The mystery questions are how big is the pool of willing buyers... at which point will the market be saturated... and how long holders will be patient and content with holding while incurring opportunity cost. For the model to keep working, coin management needs to find a way to either increase the pool of willing buyers and prolong the current cycle (possibly in perpetuity) or create a reason other than profit for people to want to buy the coin.

Many of you have noticed by now, Im deeply emotional. I just took a trip down memory lane. I went back to page one on the bottom and found this from August 17th 2015 (before FLY was even launched, I wrote):


My supporters where always near me and at my side especially szenekonzept (Matt Klees) ,Woody, Spiralout ,groggin ,Greg of doom have been at my side since day one. A sincere thank you. You were right there when I needed you! You were always at my side and supported me the whole way! Banzai ,Pfrgun1, bittamak, Kevin123a and Ozcar showed up to show their support. It wasnt easy, but it was easier because I had strong supporters that helped me get through.

Vegas

There is soooooooooo much more to FLY , you have no idea. But if I told you everything, then it doesnt keep it exciting now does it?

Vegas

Soon there will be a banner on the OP listing those members who are: Team FLY. I know the members will be as proud as I am to be on that list

Vegas

Guys I promised I would reveal more about FLY as we went along. Another layer has been pulled away and more can be seen about FLY. FLY is not a coin, its a test. FLY is a reflection of all of us. FLY will test you on everything that is important in this world including but not limited to: Integrity,loyalty,teamwork,honesty,compassion,truth,synergy and more. We all get a chance to look in the mirror and see ourselves for who we are. None of us are perfect and we all have work we can do to better ourselves and make our own lives better and automatically in turn make the world a better place. It will answer many questions about yourself. Some of the questions will be:

Can I keep my word?
Whats more important: my reputation or money?
Do I understand what integrity means, and do I have integrity?
Am I a team player, or is it just about me?
Do I care about the world around me, or am I in survival mode?
Can I feel a connection between myself and the others in the world called crypto?
Do I understand win-win, or do I just understand win-lose? Do I beleive that for me to "win" others MUST lose?
Is it ok for me to win "at any cost", even hurting other people around me?

FLY is the simplest test youll ever take. There is ONLY 1 rule:

The rule is so simple, anyone can understand it.


Thats it. Its that simple. The savings thing is optional and not even a rule. You can, if you want make a savings wallet address and sell the POS rewards from it.

Sounds so simple doesnt it? You could even buy FLY and do nothing and pass.  Heres the sad part: Almost all will fail. In the end, the best of the best will hold FLY and be on the most powerful team on earth called "Team FLY", a symbol that you are one of the purest beings on earth, and have proved you posses all the greatest attributes a human can have. The most honorable and righteous people will be called Team FLY, and there will be no doubt if your in team FLY, you ARE the best of the best in the world called crypto, and you are also one of the purest in our smaller world called earth.

Vegas

Excellent, glad it is working!