Losing hope in crypto in general lately... why do all the shitty copy and paste clone coins get all the attention? Is everybody really this idiotic or do people only care about trying to catch the next pump and dump? Either way, something needs to change. I'm not talking about coins needing to change, I'm talking about the quality of the investors that come into crypto and their outlooks that need to change. I got interested in cryptos because I see them as the future of payment methods, I see (some of) them (the good ones) as a long term investment. I see the potential cryptos have to benefit and better the world we live in. Isn't this the dream of bitcoin? Has everybody forgotten this? It seems like the majority of people here are short-sighted and don't give a shit about the bigger picture.
The elephant in the living room that everyone is pretending to ignore is this: A lot of people lost a lot of money in their Bitcoin activities, whether directly by theft or Goxing or by buying in high and never seeing a return. A lot of time invested learning how to trade crypto, how markets work, and so on which all amounts to wasted time if you just lose money doing it. Altcoins are a "second chance" for these people to try and recover their losses. People who claim they never had any losses are nearly all lying (mostly to themselves). Altcoin's market cap is so tony compared to bitcoin that the only thing you can count on to recover a lot of loss is hitting a very big DRK or BC-like pump early on and somehow hanging on for the entire ride up without selling out too soon. Simple coins that are not innovative are the one that people know are most likely to be pumped and dumped. They know that a PnD is most probably the only plan the devs have for the coin to begin with. A simple PnD is simple to understand. Just buy cheap, wait for the pistol to fire and start the horses running, and try to get as much as you can before someone else does. Thats why they are popular: they are just PnD gambled, everyone knows this, and people are attracted to simple, predictable things. Never mind that they will make more money working at McDonald's for 2 days than they would cashing in on any of these shitty little gambles, people want to feel like all the time and money they spent 'learning crypto' has paid off with a win somewhere. But the reality is, there is usually only one big winner - the dev (and their PnD investors , if they are that organized) and a few small winners who take away 0.2 to 1 BTC profit at most in REALITY (not the fish tales people tell about making 4 BTC on a pump, or making 0.25 BTC every day in alts ... what totally unsupportable-by-basic-math horseshit). plus a bunch of people who barel break even.. and an even bigger bunch who end up poorer than they started. Crypto in general, and alts in particular, have decayed from "mostly gambling" to "all gambling" and that's the ugly truth. So FLT is all about thekidcoin making money? Did Satoshi make money out of Bitcoin? Did Evan Duffield make money out of DarkCoin? Did Charlie Lee make money out of Litecoin? I am sure I don't have to go on, you know the answer. I can't believe someone would even ask this question. Tomorrow's quiz: Is water wet? |
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Losing hope in crypto in general lately... why do all the shitty copy and paste clone coins get all the attention? Is everybody really this idiotic or do people only care about trying to catch the next pump and dump? Either way, something needs to change. I'm not talking about coins needing to change, I'm talking about the quality of the investors that come into crypto and their outlooks that need to change. I got interested in cryptos because I see them as the future of payment methods, I see (some of) them (the good ones) as a long term investment. I see the potential cryptos have to benefit and better the world we live in. Isn't this the dream of bitcoin? Has everybody forgotten this? It seems like the majority of people here are short-sighted and don't give a shit about the bigger picture.
The elephant in the living room that everyone is pretending to ignore is this: A lot of people lost a lot of money in their Bitcoin activities, whether directly by theft or Goxing or by buying in high and never seeing a return. A lot of time invested learning how to trade crypto, how markets work, and so on which all amounts to wasted time if you just lose money doing it. Altcoins are a "second chance" for these people to try and recover their losses. People who claim they never had any losses are nearly all lying (mostly to themselves). Altcoin's market cap is so tony compared to bitcoin that the only thing you can count on to recover a lot of loss is hitting a very big DRK or BC-like pump early on and somehow hanging on for the entire ride up without selling out too soon. Simple coins that are not innovative are the one that people know are most likely to be pumped and dumped. They know that a PnD is most probably the only plan the devs have for the coin to begin with. A simple PnD is simple to understand. Just buy cheap, wait for the pistol to fire and start the horses running, and try to get as much as you can before someone else does. Thats why they are popular: they are just PnD gambled, everyone knows this, and people are attracted to simple, predictable things. Never mind that they will make more money working at McDonald's for 2 days than they would cashing in on any of these shitty little gambles, people want to feel like all the time and money they spent 'learning crypto' has paid off with a win somewhere. But the reality is, there is usually only one big winner - the dev (and their PnD investors , if they are that organized) and a few small winners who take away 0.2 to 1 BTC profit at most in REALITY (not the fish tales people tell about making 4 BTC on a pump, or making 0.25 BTC every day in alts ... what totally unsupportable-by-basic-math horseshit). plus a bunch of people who barel break even.. and an even bigger bunch who end up poorer than they started. Crypto in general, and alts in particular, have decayed from "mostly gambling" to "all gambling" and that's the ugly truth. So FLT is all about thekidcoin making money? The point --------- your head The point is that you wanted to know why all the shitcoins get attention when innovative ones do not. The answer is that altcoin trading has shifted toward all-out casino economics because the only incentives that have any effect in this environment are incentives that motivate gambling behavior, not the ones that motivate innovation. In fact they even punish innovation when there is no obvious way that the innovation will spark a quick rise in the coin's market price (this is part of what I believe is happening to FLT). So the result is that orange/yellow/fruitloop coins get churned out and swarmed all over because they are quick to make, one dimensional in nature, and thus easy to pump and to get the attention of the people with simple short term goal of "OMG OMG i gotta make my lost money back" . The devs of these coins are basically saying to the trading community "I know my shitcoin is only good for a quick pump, and so do you. Let's not bother pretending there is anything more than that going on here. So here you go, pump this baby and we'll all make quick buck" |
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Losing hope in crypto in general lately... why do all the shitty copy and paste clone coins get all the attention? Is everybody really this idiotic or do people only care about trying to catch the next pump and dump? Either way, something needs to change. I'm not talking about coins needing to change, I'm talking about the quality of the investors that come into crypto and their outlooks that need to change. I got interested in cryptos because I see them as the future of payment methods, I see (some of) them (the good ones) as a long term investment. I see the potential cryptos have to benefit and better the world we live in. Isn't this the dream of bitcoin? Has everybody forgotten this? It seems like the majority of people here are short-sighted and don't give a shit about the bigger picture.
The elephant in the living room that everyone is pretending to ignore is this: A lot of people lost a lot of money in their Bitcoin activities, whether directly by theft or Goxing or by buying in high and never seeing a return. A lot of time invested learning how to trade crypto, how markets work, and so on which all amounts to wasted time if you just lose money doing it. Altcoins are a "second chance" for these people to try and recover their losses. People who claim they never had any losses are nearly all lying (mostly to themselves). Altcoin's market cap is so tony compared to bitcoin that the only thing you can count on to recover a lot of loss is hitting a very big DRK or BC-like pump early on and somehow hanging on for the entire ride up without selling out too soon. Simple coins that are not innovative are the one that people know are most likely to be pumped and dumped. They know that a PnD is most probably the only plan the devs have for the coin to begin with. A simple PnD is simple to understand. Just buy cheap, wait for the pistol to fire and start the horses running, and try to get as much as you can before someone else does. Thats why they are popular: they are just PnD gambled, everyone knows this, and people are attracted to simple, predictable things. Never mind that they will make more money working at McDonald's for 2 days than they would cashing in on any of these shitty little gambles, people want to feel like all the time and money they spent 'learning crypto' has paid off with a win somewhere. But the reality is, there is usually only one big winner - the dev (and their PnD investors , if they are that organized) and a few small winners who take away 0.2 to 1 BTC profit at most in REALITY (not the fish tales people tell about making 4 BTC on a pump, or making 0.25 BTC every day in alts ... what totally unsupportable-by-basic-math horseshit). plus a bunch of people who barel break even.. and an even bigger bunch who end up poorer than they started. Crypto in general, and alts in particular, have decayed from "mostly gambling" to "all gambling" and that's the ugly truth. |
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The max. supply by POW is 220 million coins. What can ppl expect the price for fluttercoin? This may be one of the reasons why ppl are dumping. And still, there is no limit supply of this coin. After pow stage is finished, there comes the static award on 14,400 each day. Why do whales pump for it? pls dump your coins before it is two late. I have already dumped mine.
Well since the max is 200 million my dunce friend, and the fact that the PoW stage never ends, and the fact that 14.4K is pocket change, we don't care that you dumped your 0.1 BTC investment. Check the order book. Buy orders are only in hundreds, and sell orders in ten thousands. Apparently, many people are dumping this coin. Ppl are leaving and deserting this thread..For days and days, no ppl care about this coin. Your attitude really matters. Ever since your shitty comments and reaction to this community, ppl are dumping this coin. Check the trading history. I understand your feelings, but you cannot deny that ppl are running and dumping. Those who try to get other ppl to buy when they are dumping always say in some days, in some weeks, fluttercoin will take off, will fly to moon shitty craps to trap other people to buy.. It really does not matter how much i invested. but as ppl are running. it will matter, if 1000 holders of 0.1 btc are running. Such cry. Shitty comments are made by loons like yourself stating nonsense and telling everyone to dump their coins. This isn't a campfire sing along, I'm not gonna give you a hanky to wipe your tears cupcake. Its called market manipulation FAIL on your part. If you don't like the coin - sell, and leave. To come here telling people to dump their coins pisses me off. Just as I DO NOT tell people to buy the coin, I take a bigger offense to those coming here to try and manipulate the market. Great comment OP. Even greater response Dev. With fantastic community response like this, looks like its time to set my buy orders for the 500's again. Well here we are. May I borrow that crystal ball?  |
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where can i find info on the multipool? i'm assuming the OP so maybe i should just go check.
will it run x11?
www.fluttercoinpool.comScrypt so far, i think they just added SHA256 as well. Don't know about X11 but that should be in there, agreed. Still in beta, still very very tiny hash power. |
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To everyone that is dumping FLT, you need to rethink that! Look at all these scam coins coming to market. Look at what happened to AC and WC. Thousands of BTC were made and lost from those coins. HUGE SCAMS. I seen several of you cash out your FLT holdings to move to those coins. HOW DID IT WORK OUT FOR YOU? Those coins are worthless!! Now we have people dumping because the coin is too stable? It's just holding value and not rising enough for you. What idiots! Either support good coins or continue to lose thousands of BTC from worthless scam coins.
---- SPAM REMOVED HERE ---
Hey man, what's the problem with you, This is FlutterCoin thread, please don't post any shitcoin here. ok? Understand? When you quote, always clip out the junk from what you are quoting or else the SPAM wins  |
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Ok I see, I just re-read your first paper and saw where I had it wrong. POT reward is part of POW reward.
Truth is I never experienced POT & never mined FLT. I only bought and sold in many exchanges and I'm still holding some right now.
Can I ask what happens with POT when flutters are traded within an exchange or sent from an exchange to another (e.g for arbitrage) ?
I bet that my answer lies somewhere in the 212 pages but it would be faster if someone could just answer right..?
Nothing happens when any coin is traded within an exchange. Trades between holders on exchanges do not show up on FLT (or any other coin's) blockchain, thus do not generate PoT rewards. The exchanges just keep track of who owns what internally. However sending FLT to/from an exchange should generate a possible PoT reward. |
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Like you could have bought at 600....
I actually grabbed about 40 FLT at 555... forgot i had a bid way down there Lucky bastard! ... so you are the one holding the "rock bottom" record! You should get special title here, "Rock Bottom". If you are gay it would be even funnier 40 FLT are not making you rich tho. Considering my bid was for 45000 FLT, i was a bit underwhelmed by the catch.. but at the same time lucky to get any at all. Or, maybe this is just another day we'll look at next week ... and wonder how great it would be if we could get FLT back up to 555... |
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Like you could have bought at 600....
I actually grabbed about 40 FLT at 555... forgot i had a bid way down there |
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If you wonder why people are selling FLT at 600–700 level, you need to understand the herd psychology. Most of the sell pressure is fake (I admit I used several hundred thousands to push into my own low buy orders + dumped into my walls several times). If people are stupid enough to panic, I see no reason for me not to profit from their stupidity  Just for fun, I used my twitter (~1900 followers) to expose every step during the last complete FLT cycle (900 -> 2500 -> 600 -> 2800), clearly showing the accumulation, mark-ups and the distribution phase. I even said when I sold and rebought during the exponential rise. Nevertheless, it didn't have any effect and hardly anyone believed/learned from it. If you have brains, you would notice at least a few factors: – FLT maintains over 100btc daily volume for weeks, the market isn't dead or dying by a long shot (just in case you haven't noticed lol  ) – Oversized sellwalls at key price levels (far from the trading price, just in case) – Small and distributed buy orders that reappear each time after being sold into – Spam sells (10/100 coins) to hide the whole orderbook from the MintPal / CrypTrader page These are all valid points and as someone who has a pretty good grasp of pump and dump mechanics I agree that this happens and is part of the picture with FLT. But the fact is, these things are done all the time, in all coins with any volume in them, and it usually does not murder the coin so completely as has happened to FLT. |
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New low: 0.00000600
Why are ppls. selling so low?
Wish I could explain but add me to the list of totally baffled bagholders here. This is quite literally the worst performing crypto investment I have ever made and I can't begin to understand why. It's ROI is close to scamcoin levels and yet it doesn't seem like a scam at all. Still... can't keep throwing money away like this, if I hadn't been day trading my ass off to make profits on DRK and BC etc, to compensate for huge FLT losses I'd have thrown in the towel already. |
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Can't believe after almost 2 pages of arguing no one has mentioned this. From .5% chance of a block creating PoT reward to 80%. That is a huge change. Have none of you seen this? - 8x the output of flutter in rewards from PoT - added security due to more PoT checkpoints - 20 FLT set reward rather than half the block reward - reduced required transaction amount from 500 FLT to 1 Previously the reward would have ended up minuscule, while now it is a set rate and has a much better chance of happening. You're all so caught up in everything that has little relation to the coin itself. I have read the updated paper and you are right, it does look like good news. But as far as I understand the current state of affairs the paper is a proposal, not a final spec. Not aware of the timeline to transition to this, if there is one yet. But it is good to see some progress toward making PoT more enticing and a more equal partner in the ecosystem, alongside PoS. |
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why would kidcoin need to show his identity? the best dev of all time satoshi, we don't know who he is. no need for identity, gtfo.
Something wrong with your reading comprehension? NOBODY has asked theKidCoin to reveal his identity. i don't know. but i do know what your mom revealed "your mom" jokes, how original. way to be above the maturity line. I think they need your talents over in flappycoin thread. or, you know, your mom's talents. maybe mikie really should "GTFO" and take his coin with him. that will sure improve things for your investment. i won't be far behind if this kind of talk is where the thread is headed. anyone can call seattletu a hormonally imbalanced shitswallowing cuntbag, which is especially easy in his case because it is a verifiable fact, 6 confirmations and counting. not everyone can contribute productive ideas and criticism to the discussion. your choice man, I can do both of these things *and* do your mom at the same time. but ... only one of them will improve the prospects for Flutter. Uh. ...Thanks? Not sure I need this kind of support, nor does Flutter. Let's all settle down and get back on topic folks. Stop with the smart-assery, it goes nowhere. |
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why would kidcoin need to show his identity? the best dev of all time satoshi, we don't know who he is. no need for identity, gtfo.
Something wrong with your reading comprehension? NOBODY has asked theKidCoin to reveal his identity. |
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Sorry it took me so long to reply, had to do some research first. In order to gain any type of reward you have to be minting. When you are minting you will get the most efficient coinage you can to get the highest rewards. I dont think you understand how POS works(To be completely fair, im not sure if i do 100% would be nice for someone more knowledgeable on the subject to drop in). in POS your stake is calculated by the coinage, so typically its possible to get coins and hoard them to let them age then mint them and you would be getting the same reward as someone who was minting daily even though they left them in cold-storage. However with reddcoin the longer you hold them the less coin-age they gain so in order to be most efficient with coins you will be minting them before the decay kicks in to get your maximum rewards. Yes you could theoretically open your wallet before that decay kicks in, shuffle them around a couple address, and the close it and forget about it till next time. HOWEVER this still benefits the network because you are minting while your wallets open and you are doing this (even for the miniscule amount you do). HOWEVER the true beauty behind this system is that if im a user who uses coins often im being rewarded more than the person who buys them and leaves them in cold-storage (not supporting the network).
Edit: For purpose of this post Mining and Minting refer to the same function of POS.
My point is, the whole 'amazing new idea' part of this (according to what they are presenting) is supposed to be that it benefits people who actively use the coin. In fact there does not seem to be any difference between real users and people just shuffling coins between their own wallets/addresses. Thus, this sounds like POS with a pain-in-the-ass "oh I have to move my coins around every so often" factor. I don't think that's going to make it more popular than other POS coins. Thus, I think just POS and not "POSV" would be a better solution. PoSV is a great example of understanding a problem that few recognize (the need to incentivise transactions or people will just mine-dump, speculate, or hoard coins until they stake and then dump them, just another form of mine-dumping), which is indeed commendable - but coming up with the wrong solution to fix it. You need to incentivise actual transactions, not penalize the lack of them by forcing users to keep track of accounting games being played with their staked coins. PoSV is looking at this problem through the wrong end of the telescope. Fluttercoin had the right idea here, with it's Proof of Transaction / PoS two pronged approach. With PoT, spending transactions both secure the blockchain (and thus provide a useful network support service) as well as pay a random mining reward according to a number of adjustable, balanced incentive parameters. The final balancing of these parameters still being fine tuned as the dev team sees how PoT is behaving in the wild, but it's real, it exists now, and it addresses the problem with a carrot rather than a stick. |
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NOPE.Their site even contradicts itself. Here:  And yet over here:  And that's only when N-factor is 2048, which they must have chosen because it's the most ideal n-factor for their chip and already less than 1/4 the speed of their quoted hashrate. 1/4 hash performance is precisely what you get when you have to add off-die RAM (forcing the ASIC to burn cycles on wait states to read/write to RAM) to an ordinary Scrypt ASIC to handle Scrypt-N. So, nothing to see here.
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I'm proposing, if this guy didn't relaunch, we do this:
Start another PoW+PoS coin, this time with a proper developer and team. The coin will have 1 or 2 weeks of PoW. 50% premine, which all the premine would go to the people who have AC (according to the amount they hold).
This way, we will have a new coin, and also benefits would go to the people who have had AC.
Edit: I have 1m AC, if you wanna add that next to my name.
Hi there, I held a little AC for a while for speculation only. Just enough to keep me a lurker around here once in a while. It's really too bad what happened with this coin but I wonder why not all move to one of the PoS/PoW hybrid coins (or even better ones) that already has a healthy, functional community / dev relationship? Your entry to that coin's market will help that coin's price rise, which attracts even more investment (from people not familiar with the AC drama see the other coin's value go up, they follow in) and causes your own buy-in to rise as a result. The crypto world needs good, healthy coins with strong communities and promising innovations to be supported more, rather than yet another new coin to fragment the market into smaller and smaller slices. Not going to mention which coins are good candidates, you all know where to look I am sure. Just that there are many more gains to be made by rewarding and funding good, trustworthy behavior than by taking another gamble at a new coin with an old name. Just my 2AC (which was summarily vaporized on cryptsy today). |
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Mikey:
Privacy (from Latin: privatus "separated from the rest, deprived of something, esp. office, participation in the government", from privo "to deprive") is the ability of an individual or group to seclude themselves or information about themselves and thereby express themselves selectively. The boundaries and content of what is considered private differ among cultures and individuals, but share common themes. When something is private to a person, it usually means there is something to them inherently special or sensitive. The domain of privacy partially overlaps security, including for instance the concepts of appropriate use, as well as protection of information. Privacy may also take the form of bodily integrity.
Again I have nothing against privacy as such, I even pointed out that it is beneficial feature of transparency. But there's no evidence that not being private has ever caused anyone in crypto any harm except perhaps to reputation if things go wrong. And even then, as Amir Taaki's case exemplifies, you can fail badly and come back even stronger. People choose to be anons for many valid reasons but personal threats aren't one. I respect your decision to remain private, I mean, my name's not Mikey Millie either But I do live in San Diego so greetings from SoCal, Chi-town. |
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C'mon there is really no need to know thekidcoin's identity.
Not saying we have to know, just pointing out that the usual reason given for anonymity - fear of personal safety - is totally overblown in classic ITG style. It's usually other reasons (maybe you work at a bank or payment processor or live in a jurisdiction that wouldn't approve of your crypto side projects, or want to avoid having to pay taxes on it if it succeeds. etc.). |
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it doesnt surprise me that the price goes down since the devs are anonymous ,look at blackcoin and their transparency
Devs are worthy of our recognition with what they've done and posted so far, don't think we need any personal infos about them... I should reveal myself so some loon can come to my door because they're angry and I have to shoot a guy? Um no thanks. exactly I have nothing against anonymity in principle, but come on. When has this ever happened? Charlie Lee has made a lot of people plenty angry, don't see him plugged full of holes yet. Jackson Palmer still seems to have all of his limbs attached. All of the bitcoin devs with the exception of Satoshi are well known people. Amir Taaki cost a lot of people money when britcoin failed. He doesn't walk around with a security detail protecting him. And need I even bring up the fact that Mark fucking Karpeles is still riding around Tokyo in limousines in broad daylight ffs. The empty nerd-rage threats of asbergers-riddled ITG neckbeards shouldn't scare anyone away from being a public figure if they think that being one will help their cause. |
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