Topic: OLD FLY THREAD - page 97. (Read 163671 times)

Ok so assuming I raised the min TX fee by 5x and hardforked it. Would it be possible to have the TX fees sent to a wallet? If you could get it that far , then I could setup a wallet to collect the tx fees and distribute the bonuses to the members via the multisend option automatically. Is this possible? (mainly is it possible to direct the additional revenue from the higher tx fees be sent to a wallet?). I know there would still need to be funds from tx to support staking. This might be worth hardforking as it would be a big benefit to the main holders. Again I would be excluded. Once I know this is possible, I will have to discuss this with my team on Slack.

Vegas

Raising the min tx fee requires another hard fork.

If you wanted to avoid a hard fork, you could get minters (like yourself) to only include transactions in the block that have a higher fee. This would mean lower fee transactions would take much longer to confirm.

The transaction fees are not destroyed, they are given to the minter.

@presstab : is there a way to know how much the TX fees are generating? Im thinking I want to raise those TX fees extremely high and then pass that down somehow to the holders. I know the stake money comes from the TX fees, but if we made that higher... could we reward the holders/savers somehow? Im know im way out there right now but im just throwing ideas out. Im thinking raising the TX fees by 5x and use those funds generated to reward those that are active with FLY and support the coin. Im not sure how this would work... or even if its possible. Cryptonit has the DMD reactor wallet, so it would function something similar. Down the road I could always lower the tx fees when the dumpers are gone. So maybe create a wallet funded from very high fees from TX fees, and setup multisend to evenly divide stakes from that wallet to the most active investors. Not the highest balances, but the people that are very active on slack and on the thread, and divide it even regardless of balance. I will exclude myself as Im trying to reduce my coin count and bring the richlist into balance.

Vegas

There is no defaut value. So your default value becomes your stake reward. There are no fees, and no reward cap, so I encourage everyone to use it. Yes it makes things soooo much nicer, and works perfect! Maybe add to your next wallet release?

Wallets under 500 coins might use blocks of 30-40
wallets 1000-2000 coins might use blocks of 50-70
2000-3000 coins should use blocks of 75-100
3000+ coins should use blocks of 100-200

You dont want to use blocks less than 30 because I dont know if it will stake within 28 days.

Vegas

but its nice that at least this kind of remove mircromanage staking is included in wallet
is there a default value if u dont set in conf file
what is the value?
is it operating without trigger selftransaction fees?

Combinethreshold command automatically combines your blocks into whatever size you want. It is not required. Thank you GI.

Vegas

I PMed him the installation walkthrough in Spanish.

One question, in the bootstrap file is a conf file with the command "combinethreshold=10". Is it necessary? Does it help to POS better?

Correct Matt. I wanted to create a radical coin that was the opposite of the common cryptocoin. As the common cryptocoin had failed over and over again, but not by accident, on purpose by runaway devs. I wanted it to be special. I wanted a powerful group of trusted members to form an alliance with a cause. Initially FLY would be presented as an investment vehicle of trust. Yes it is that, but lately ive revealed the MUCH bigger picture. Flys sole mission is to shut down the "newbie scammer devs" for good. I envision people investing in FLY and NOT investing in newbie dev coins, any more. I wanted to make FLY so amazing that the choice of where to invest would be easy. The price would be protected using buy walls with the same funds from the investors themselves to protect their own price. There would be an alliance formed, and promises made and kept. To date the highest holders have kept their word. Proof that even though this sounds impossible its is happening. I know that if we starve these scammer newbie devs, they might not completely disappear, but slowly over time, when there is no interest in their scams, and most of the money that is normally invested with them will be invested in FLY it will slowly kill them off. From there other trusted and respected devs will start their own coin, and perhaps use some of the principles of FLY. The crypto world is a dirty place , full with scammers, and Im glad to be the first one to take a shot at them and put them away. Its going to take time. The high cost of fly is keeping most people from investing , so I need to create ideas down the road to offer FLY to those that are respected members but maybe not have the funds to invest. There is much more to be revealed about FLY as you are only seeing the surface. Think of it as an iceberg were your only seeing 5% of the true size from the surface. FLY goes much much deeper, as will be revealed as we continue. Already in a short time its gone through many changes. We are just at a month old. Ive said it time and time again. FLY is NOT about technology and innovation. It is NOT just about investing. FLY is multifaceted. I dont want to reveal too much except in the near future when FLY has fully matured and strong, the massive funds invested will have a clear function, and its legacy is to make crypto a much safer place. Just when you think youve figured out FLY there is a twist, and its always a good one. My actions are ALWAYS in the interest and benefit those that have trusted me.

Vegas

I understand your view and if we would be the only crypto around this would be a wrong concept.
But putting coins into the context, that we will never be short at currencys, to choose from, again: Its more an
expression of diversity then of restriction. In the old currency world, there have been currrencys bound to
countrys. Every time, there was a rigging going on, or an ecomomic system malfunctioning, there have  
people, without choice or alternatives, been forced to suffer. In crypto world its differnt,  Its an uncomplete assumption,
that all equality and freedom would emerge from the specs or inovation or even the management of any single coin. The far more important
part of the liberation comes from the whole ecosystem itsself, collectively created by all existing coins together, the "good" ones as well as the "bad" ones.
The real freedom thats created by them, comes from the choise of a diverse mass of coins and from the power to create currencys at will.
Thats why our ecosystem may be more like a saloon then like a save heaven, but it functions without restictions and you have the choise to enter the poker area or better drink a coffee. No one forces anyone to suffer and pay for anybody elses gambling. Thats real freedom, freedom is everything else, but not fair and save. It can be save, if you make the right choises, but freedom itsself is colorless. Thats why freedom is much more fun, if you choose the right friend or partners to deal with. Now where we can try things without affecting those, who disagree, we have the possibility to play around with all those concepts, yes its even necessary to get a clue of some of the futures outcomes. (With that in mind i even can't be upset about all those scams. Because they are just a part of a system that has to mature). As i understood the Flycoin concept (vegas correct me if i am wrong) we try to take some problems by approaching them from a differnt direction. Instead of getting everyone in and then going through a long and dangerous and expensive, cleaning process, we are  bootstrapping a currency out of trust as an asset. This currency can be opened and provided to everyone, after it as gotten stronger.The idea is worth trying and exploring, though you are right, that its hightly dependent on the honest management of its founders..,and therefor not a good idea for every enviroment, but thats why we are dong it here ;-) Freedom and Friends are a close part of reality. Freedom works best, if you are on your own but not alone! And the price is a feature, you will start to find more usefull, if you have been buying food for your family and have to run, because the currency drops faster then you can pay.

Thank you for your feedback JC. Everyone has a different experience in crypto. My experience is that free movement doesnt end well. The reason is everyone has the same adjenda and thats to make a profit. But everyone's profit point is different. Because most people in crypto are not whales, they exit early. They get spooked and dump their coins , in turn hurting ALL investors. I would be the first to agree that FLY is a more controlled coin. But looking at crypto in general , its "out of control", and 99% of coins fail, and hit the pavement , hard. I wanted to create a very special unique coin, but without any structure, it was bound to fail. Ive been a CEO for much of my life, and Im going to run fly like a business. The reason I say that , is imagine a business without structure , rules or policies. It is certain to fail. I also constantly remind myself that it is crypto and that I cant create too many barriers or rules. At the same time, I dont want FLY to be just another out of control coin. I want it to be different, it is different. It has very unique properties that stand out from the crowd. I think some rules might be helpful, and I think it has. Its a balance. I think in real life we live with ever constant rules. So I didnt want to make FLY as restrictive as real life, but I did feel there needed to be structure to keep it strong. We are very active group on slack, and so I discuss ideas with the group first before implementing. Everyone has to agree, and so far, things look well. Ya I know I do the "results" thing, but Im happy that my investors are making money, and that they trusted in me, and its a proud moment. Thats all. 

Thanks again for your feedback.

Vegas

Thank you, thats exactly it. My goal is to set the new standard for crypto. Right now it seems many users are accepting anything that launches. That needs to change. This is money. This is how people feed their families, and put a roof over our heads. Scammers think its funny to take your money and remain anonymous, and there is nothing funny about it. Worse than that it hurts the name of the crypto world, and good people that may want to get involved might not because they have heard horror stories. We have all been scammed, many times over if youve been in crypto long enough. Like most of you, I kept waiting for that "Special coin". You know the one that made it all worth it. Only to find out the dev disappears after a couple of weeks, its a newbie dev, so no way to reach him. Then you go to dump your coins only to find out it has already been dumped to near nothing. Im an opportunist. I see "needs" that need to be filled. The crypto world was crying out for help. Help in the form of real crypto, were you didnt have to worry that the dev was running off , or the wallet malfunctions every other day, or an inactive dev , that just doesnt care, or no direction. I saw a need for a brilliant coin, that only a small fraction of the crypto world were honored to hold in large amounts. FLY was launched just over a month ago. Lets take a deep look at FLY and how it operates and why. Lets also look at the "newbie devs" and see how that operates, and most importantly WHY.

So lets talk about the newbie dev scam:

Newbie dev: Guys if its a newbie dev, its a scam. 100% of the time. Here is my explanation: If youve ever looked at a "newbie" dev's op. Most of them are beautiful. The coin works perfect , and the graphics are stunning. So this should tell you that this is NOT that devs 1st coin, probably his 15th , maybe 20th. What the dev is doing is launching his coin , making a bunch of promises, making a bit of btc, and bailing on you. By the time you figure out hes gone, his next coin has already launched. Next time you see a newbie dev, ask him "WHY ARE YOU HIDING BEHIND A NEWBIE ACCOUNT!?!?!?" Its Obvious he is not new. Ill answer that, because he is going to disappear in a few weeks, thats why. He is 100% controlled by money, that is his only reason for being here. His full time job is to create crap coins to sucker you in, and take your money, and rinse and repeat.

FLY dev: Hero member around 2500 posts, respected, trusted , worked hard every day to be connected in the crypto community. Many many people know my true identity, and it doesnt bother me, infact it helps, as I am respected in Las Vegas area for philanthropy and donations and helping people in need. I am not influenced by money, I have enough were I could care less about more. Doesnt matter to me. I think on a higher level. The higher level in making my worlds a better place, thats the world I live in and the world of crypto.

Newbie devs wallet: Make no mistake, the newbie dev has the highest percent of holding. It will be hard to see as it will be broken up into about 50 small wallets. WHY? Why does the newbie dev not want to claim his wallet?? What is he hiding? WHY is he hiding it?

FLY coin dev: 1 wallet, all transactions are announced and made public, THE WAY IT SHOULD BE!

The engine of FLY coin:

Private investors are NOT required to keep FLY running smooth. However its power comes from the investors with private buys. I will point out this is the FIRST coin EVER, you can buy private for LESS than the highest bid on the exchange.. Newbie devs will NEVER sell their coins for less than the bid on they exchange because they only care about money. Again this is NOT about my profit.  Now I call them private buys, but everything is public. Here is the amazing part. ALL of the btc that is gained from FLY goes to buy FLY. Recently with the permission from my group from slack, Ive been using the btc to set up buy walls. This protects the price from falling, and protects the investors AND when the dumpers dump, they land in my hands safe and sound and never to be seen again Since WHEN did a newbie dev care enough to setup buy walls with the money attained from sales of his coin. I keep NO BTC for myself. I dont need it.

So there is much more, but I wanted to show you guys the difference in FLY. Many are confused because they have never seen a coin operate this way before. In the big picture , FLYS mission is not even about money, that will just happen. FLYs mission is to make it an easy choice for investors to safley store their investment and to be a part of the change in crypto, and wipe out these newbie dev scams. FLY is of such quality and ethics, and integrity that it makes it very easy were to invest, and become part of a growing group, that says "enough is enough". FLY cannot be copied by a newbie dev, they wont even try, I made it impossible to duplicate. There will only EVER be 1 FLY.

Im sorry this was so long, but Im VERY passionate about my work, and I will do whatever it takes to take away as many investors from these scam devs as possible and bring them to a safe place called FLY.

Vegas

SO if anyone speaks spanish here, and I am sure we have someone that can help. The user needs to be on version v1.5 AND have the latest addnodes installed AND delete deverything from roaming and resync with 1.5 and new addnodes otherwise the stake time will be 100 times the amount it should be. Please post here after you have helped this user so I know they have been helped. Thanks.

Google translation:
since I put the new portfolio (wallet), my coins now take much longer to mature, and that does not think should be so?

no se ustedes pero desde que puse la nueva cartera, ahora mis monedas tardan mucho mas en madurar, y eso no creo debia ser asi no??

3000 fly is less than 2% of total coins

dont worry to much about that
for sure it doesnt need special rules to counter it

DMD did absorb multiple times dumps of above 2% of total coins
once even 7% of total coins dumped in 3 days

such things are a great way to prove liquidity of a coin

my understanding is that anyone who dump hurt himself and not the coin

the only way someone really could hurt the coin is if he able play the market in a spiral where he buy back cheaper as he sold and sell again

but a active watched market by vegasguy i dont fear that

there i full trust in ur abilities

The way I see it: the box itself is the 'present' (Like Vegas say: Don't think about this coin like the rest of the coins, it doesn't work that way, he just said that a couple of post above)

Think of this coin like 5 moves ahead of the rest of the coins

I am still concerned that the main focus of the coin is on price. This is like shopping for a box before you decided what present you want to get to put inside the box. Artificially managing a coin based on price is not sustainable imo and it should be free market. The Fly model seems to be built on barriers to sell eg. hampering free coin movement as well as making agreements not to sell. This artificial constraints placed on the coin will hamper free market adoption for real use cases imo. In addition, as soon as someone breaks rank there is a risk that the rest will follow.

On the other hand, if price is your main focus and your "results" = price, then putting the barriers in place will probably help your objective for the time being and is up to you to implement if that is your chosen strategy.

Vegas, well said...hope now, everything is clear here...

Greetz
Meta

Cryptonit, will all respect , I was hoping we could have this conversation in private. But ok you want to discuss this in public.

First this coin does NOT opperate like ANY other coin out there. EVERYTHING about fly is the OPPOSITE of every coin. Its been called strange, weird, different, and a few other names. I said it on the OP, FLY is like nothing youve ever seen. For those of you that are struggling to understand my strange ideas and thoughts, and weird ideas, you better hang on tight, because things are about to get a whole lot stranger and different. But one thing I can always guarantee is RESULTS. I WANT YOU TO HOLD ME RESPONSIBLE FOR THE RESULTS OF FLY!

Here is the explanation, and it DOES make sense:

First thing you misunderstand: There are no fees for savings. This rewards the people that follow the principles of FLY, and one of them is to only sell stake rewards. You CANNOT move your entire balance from your main wallet to savings, and bypass the high TX fees.

What savings does if activated(optional): It automatically moves your stake rewards to another wallet address. You may then sell those stake rewards for a profit on Yobit if you decide. Most people on the top are choosing to not activate savings at this time, but you can if you want. Your main wallet account balance does not go down. This is what I watch, EVERYDAY. So maybe you misunderstood savings. Savings will NOT allow you to transfer funds from your main wallet to savings to avoid fees. I think you are trying to apply common principles and ideas from the common cryptocoin to FLY, and it wont work. Everything about FLY is different. I wanted it this way. I wanted EVERYTHING about FLY to be the opposite of the common short term cryptocoin and the reason is near 100% of newbie cryptocoins are just short term scams that fail. So As I have traded just about everycoin out there, I know how they function , and I did the complete opposite. I looked at the condition of crypto and its full of scammers and liars and con artists. I wanted to create a safe investing place for trusted and respected members like yourself and your associates to store their investments and know everything is ok. I wanted to bring the best of the best together.

If dumpers are punished by using brutally high fees, it might prevent them from moving wallets around and splitting funds and creating 25 wallets as they have been since this coin was created. I watch the top 15 wallets and screen shot them daily.  Since the high fees one of the dumpers has stopped moving wallets around and creating new ones as its too expensive. Now this dumper has moved everything to yobit in one chunk (3000 FLY) and we can now see it. If the dumper enables savings , THAT is what we want him to do. To do as the rest of us and not dump. It will take a VERY long time for him to dump as these are just stake rewards. This is another layer of protection Im adding. Yes, trust has worked very well, but I want to tighten this coin down as much as possible. You cannot bargain with scammers and dumpers, they just dont care. They wont make agreements, and they dont respect the coin, or anyone. So, the only thing I can do is outsmart them, and I will, everytime. So Im going to make their life very hard, and I will make sure it will cost them dearly to play games with FLY. Now it HAS worked, as the dumper and we all know who this clown is, has moved all his coins to Yobit. It costs too much to move them back so now 3000 coins are on Yobit, it would be VERY expensive to move them back, and that helps us stake as he is losing stakes every day. So he fell into a simple trap, and now he cant move. He already knocked it down to 162,000 and within less than 24 hours its back to 550,000 sat again.RESULTS.

Vegas

Mac Wallet v1.5

Download
VirusTotal

First run will fail, you will need to run the wallet again. Then add nodes.

Tested on 10.10 and 10.11