Topic: Re: [ANN] Las Vegas coin. Masternode cost only $250!! Only 400,000 coins total! - page 73. (Read 79027 times)

Hi again, how do we stake VGS in our wllets and what is Obfuscation?

thanks,
Rick

Finally sync'd FLY wallet and sent coins to burn......glad that's over!  

Look forward to multiplying vegascoins....more interesting than watching flies multiply, I bet......  

Good move not making exchange update wallet twice in short order! 

So right now we are st 120% interest per year. It will Not stay this way!! Perhaps in a few months it will be changed to about 25%. The purpose of the high inflation is to attract investors and reward early adopters.

Vegas

I have purposefully held off asking coinexchange.io from listing us. Here is why... within a couple of days the wallet that activates the masternodes will be released. So If I give them the current source now, they will just have to update the wallet again. Thanks for understanding.

Vegas

 

I have sent 2 messages to Yobit and spoke to admin on Yobit chat about the fly wallet. It DOES take them weeks sometimes to bring the wallets back on line.

Vegas

Yobit is pretty bad with tickets. I have a ticket from couple months ago and it still open.

YoBits wallet is still in maintenance and they haven't replied to my ticket. Hope they get their sh...t together soon.
I'll swap asap when I can get my FLY coins out from that potatoe-exchange.

Thanks you vegas, I have now received all the VGS equivalent for the fly I sent. Now, they are in my wallet 24 hours how do I stake them? And what the heck is Obfuscation?

thanks,
Rick

 All my FLYcoin have been sent in and I have received Las Vegas Coin in return.  Now just waiting on the Master Node fix. Thanks

I spoke earlier about adjusting the rewards as we are inflating at 120% per year.  Ok I have consulted with the team. I dont want to hard fork the coin at this time. I want as LEAST forks as possible. We are fortunate that the fly coin supply is only 247,000 and can withstand  a few months of 120% per year inflation because the supply is so low. So we are testing the masternode system now on testnet. So the next wallet released soon will activate the masternodes.

Vegas

Hey MM, please send only 1 batch. I am updating the coindown and adding 30 more days (total of 60 from start).

Vegas

Vegas, I opened my wallet to staking to help move the blockchain.

I will move coins as they mature.

Fly wallet is moving again and will continue to move, as I "split block" the swap wallet and my personal wallet into smaller blocks.

An update will be coming soon to get the Masternodes working. As soon  as they are verified, I am thinking to use https://masternodes.pro/ for our MN explorer.

Vegas

Nevermind , mining alone on Pool :-)

Glen I need to work with you closely, so no one loses their coins. I will be meeting with my team today about this, and come up with a solution, so no one loses their coins.

Vegas

I totally agree with you vegasguy.
Do what VGS need's for be strongest as possible. 

that means ?

Hardfork and Coins mined till now = gone ? ( Startover from 0 )

or Forking and Orphaned/ Rejected

damn i mined for 1 MN (1000) about 2 Weeks and got about 700-750 till now

Cause not 1 VGS POW as stated ...
Edit :

http://www.presstab.pw/phpexplorer/VGS/address.php?address=VJBYUqErc8buzoA9Am28biZuJcyEW1XwE4
Pool

Ok so I found a problem after looking at Presstabs explorer. Its the inflation. Fly coin held its value because of anti inflationary measures put in place. The only reason its dumping now , its because the fly wallet is in maintenance mode on yobit, and people are in panic that they cannot get their funds out fast enough before the swap. I am FULLY aware of the troubles with the fly coin chain stalled, and have used my own personal wallet, as wallet as the swap wallet to bring the chain moving again. It could take a few days. Im on top of it. I am also extending the swap for 30 more days because of this. I dont want anyone left out of the swap. . I dont want the same stringent anti inflation measures put in place in VGS, in fact, I want the opposite. I want a secure, and fast moving chain. But after looking at our new explorer, I am seeing that the structure of the rewards are averaging 123% per year!!!



 If this is not changed, it will kill this coin! To my knowledge no coin has survived long term (2+ years) with 100%+ inflation and still held most of its value. Fly coin was 50% for most of its first year and held its value nicely. Then the second year we dropped down to 25%. So We have an update ready to go to trigger the masternodes. I have no choice but to hard fork it to reduce the inflation. I know , I know, Im sorry. Its for your financial interest, and mine. We can probably get away with 50% inflation at most, and the reason is because of such a low coin supply right now. 50% is proven to hold for a year (see the awesome DMD coin). I am open to 35% inflation per year also. Remember , higher interest is NOT always best because it causes massive inflation. There are so many coins out there they are worthless. BUT, at the same time, very low rewards , do not attract buyers and miners. So its a balance. I would normally put up a poll, but this needs to be changed. For now I will fork it this way, and if the community disagrees, I will gladly put up a poll with many different options. I will put the fork out at a few hundred blocks, so everyone has time to get on the correct wallet version.

POW rewards per block (1st year): .25 VGS / POS reward .125 VGS

I going to be straight... I still dont know why we have a random 1 VGS reward blocks, and Im not sure if to leave this or not. I welcome your feedback and ideas.

Vegas

I am actually going to speak with them today about getting VGS listed. They already said they would list VGS. After looking at all of the exchanges, coinexchange.io is by far the easiest, fastest,  and least expensive way to go. I am aiming for Bittrex, and that goal is achieved through only 1 thing and thats volume!

Vegas

VGS Presstab block explorer

http://www.presstab.pw/phpexplorer/VGS/index.php


So when can we see VGS on coinexchange.io ?