Current price is: .046 BTC per coin. PLEASE do NOT sell for less than .046 BTC and we can keep this price!! Why is price so low now? It's nowhere near 0.046 BTC. Big dump happened? .05% chance of superblock 10 Is this typo? Do you mean %0.5 chance? You removed your post of .046 BTC per coin, why??? When will we see a bigger exchange for FLY? Any update here.... price keep on dropping... Placebo, youve got some real nerve showing up here. You are the one that promised EVERYTHING on ROS2 and never delivered. YOU are the dev on Ros and this worthless piece of shit called Ros is worth less than 30 sats because of all of your broken promises . YOU of all people should not be showing up here and be ashamed of your actions. YOU will judge me and my performance on my first coin selling for 150,000 sats. You need to reevaluate your morals, your ethics and values. When you are ANYTHING close to who I am as a man , and you even start to keep any of your promises , then judge me, until then fuck off, while I fix your mess youve created. Dont show your face here again! You should be ashamed of yourself and your actions. Your the OPPOSITE of me. You are a liar and a scammer and a thief. I am honest, hard working, and ethical and KEEP my promises, ALWAYS!. Go crawl back under the rock from once you came. Placebo stop PMing me asking my secret of how someone like me that has never launched a coin has it selling for 150,000 sats already. Its not a secret, its called integrity. Here let me help you with that. Your making a clown out of yourself. Lets get some definitions to help you out. Definitions: Integrity: always doing the right thing , even when no one will know. Placebo: Something that has no real physical effect, that is given to a person with a complaint. Source: http://study.com/academy/lesson/what-is-placebo-definition-lesson-quiz.htmlThis was an earlier post from me: "fudsters will be dealt with harshly and swiftly, and they wont like it". Unlike yourself, Placebo, I keep my promises EVERYTIME including this warning. Vegas |
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What about sending a PM to Luke Jr?
Vegas
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It is swapped for Ros. You can still buy Ros on Bittrex. Swap happens in 2 days. Read op for more info
Vegas
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vegasguy ... good luck with FLY ... there is much buzz about the project ... and the name/brand is very appealing.
so FLY on the list of stake coins to watch
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GHC not dead network wise and last i checked the website is up. also the guy leading the project is claiming to back in some money and hence the spike a few days ago. i like the pos sha hybrid and GHC seems to be clean code. but no exchange?
TOP ... is it a hybrid or pure stake?
like most those coins on the list too
I think your referring to TopV3 , its a hybrid, but there is very low interest in the coin, with no community. Cefas |
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Presstab will you be joining us? Ive set up a private slack channel, so let me know if you want an invite. If so pm me your email address.
Vegas
I don't use slack. Also I plan on staking not selling any (I only have 7 FLY at the moment) so market tactics won't really concern me much. My primary concern is the functionality of the blockchain and network for this coin and ensuring everything runs smooth  Thank you Presstab. Youve been amazing, and it was a no brainer who I wanted to create this wallet and setup the block chain and nodes. We will need you for future updates and you a VERY trusted member, so if you want to be paid in Fly, just ask. As you are the inovator of the additional features of wallets, let me know if anything interesting can be added to fly. I had some ideas. I thought about current money supply held by each wallet holder in a percent on the main page. Is that possible? Also a richlist tab with balance added on the left as a button, that when pressed will change page and show wallet addresses and and balances and percent held. For now I am using a basic block explorer , but as soon as pow and swap ends, Ill be using your block explorer. Thanks again for all you have done for us. Vegas |
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So, there's no signed agreement on investors to NOT dump their coins? How could you expect someone to believe these investors won't dump their coins? Where's this "trust" comes from? It's not that easy to gain trust here just to write "trusted few" in OP. There is no agreement. Nothing signed. Just a verbal promise. Thats all. Nothing will happen should an investor sell. Its their money, its their choice what they do with it. Look, Im trying something new, thats never been tried before. Im tired of the same old clone coin with fancy roadmaps, that gets dumped when pow ends. Thanks for the clear reply. People can read this and choose their investment plan with their own minds. Agreed. But imagine for a second .... what it would look like if 10 people held 99% of the coin supply, and slowly released only the tiny POS rewards to the public, and *IF* all of these holders did NOT sell. What do you think the price of the coin would be? I can tell you, the price would be what those 10 people want it to be, and there would not be enough FLYcoin out there to dump it down. Is it not true, that the price could not be dumped back down as there would not be enough FLY available to the public to trash the price?? Just think.. *IF* this happened. Try to imagine it for a second. Thank you. I want to discuss this from both sides. I want to see any holes in my plan. *I* dont control the coin, the HOLDERS control the coin. I am going to act as a coach , as I am a very skilled and adept investor. We, the large holders will discuss in a private slack channel , what WE all agree on the next steps for fly. I agree it takes one idiot to ruin it for everyone, and if that happens, then we will recoup in slack and reformulate a new plan. Invites will be sent to the slack channel to the highest holders. We will join there as a team. Vegas, |
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So, there's no signed agreement on investors to NOT dump their coins? How could you expect someone to believe these investors won't dump their coins? Where's this "trust" comes from? It's not that easy to gain trust here just to write "trusted few" in OP.
There is no agreement. Nothing signed. Just a verbal promise. Thats all. Nothing will happen should an investor sell. Its their money, its their choice what they do with it. Look, Im trying something new, thats never been tried before. Im tired of the same old clone coin with fancy roadmaps, that gets dumped when pow ends. I think your misunderstanding the project. But I do appreciate any and all questions. I want to help others understand the project. ANYONE can invest in FLY by submitting Ros. They then hold their own coins. They are ASKED to hold their coins and only sell off the POS. Im not even saying everyone will follow this, in fact I think 1 or 2 wont, and we will get them out of the way, buy their dumps and the few investors in fly will hold a higher percentage. Its a trust system. I can tell you this . *IF* this fails, it WONT fail on my behalf, it will fail because the investors decided to dump, but Im going to do my best to make this work. Vegas |
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Yes, I am the dev behind Fly. Ros will be swapped for fly. There are 2 days remining in the swap. Things just got VERY interesting. If you dont hold Ros and want to invest in fly , you can still buy Ros on Bittrex.
Vegas
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"FLYCOIN , in the hands of a trusted few"
I think you need to consider changing this slogan. It's not a good idea to trust someone in cryptocurrency world. We need trustless decentralized systems, not trusted by X or something.
Guys please read the model of this coin. It is VERY different than anything you have ever seen. The "trusted few" hold their own coins, but almost the entire money supply will be held by about only 10 investors, and it will remain that way, and only less than 1% of the money supply will EVER be available to the public at a time, as these 10 investors have agreed to keep this coin private and only release tiny percent at a time. This prevents the public from dumping on us, as in order to dump the price they will need a large amount of fly and none will be available. Vegas |
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Presstab will you be joining us? Ive set up a private slack channel, so let me know if you want an invite. If so pm me your email address.
Vegas
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About 4.5 days into the POW from 30 days.
So for POW you will get exactly 360 Coins for the first 7 days before POS begins. Once POS begins, it generally accounts for approximately 50% of the Blocks but lets say it is a bit on the low end and the average is 30% of the Blocks as POS levels out.
360 * 7 = 2,520
(360 * 0.7) * 21 = 5,292
So if POS is on average 30% of the Blocks during the POS stage then the total POW Coins would be 7900 Coins, if on average it is 50% of the Blocks then it would be 6300 Coins so if we err on the higher side the estimate would be 7000-8000 Coins during POW or approximately 5% of the total supply.
Of course, you should also be splitting up those Blocks from the 150K so you have enough Blocks to cover the minimum Stake period of 7 days which is about 5000 Blocks. If not enough total Blocks to Stake, you will get a higher amount of POW Blocks because there isn't enough eligible Blocks to Stake.
Hope this helps a bit with understanding the inflation rates.
To try to limit the pow rewards and have the POS get the most rewards, what size block would you recommend 5000 coin blocks? Vegas Just need a lot of Blocks really so there is always that competition. Not 5000 Coin Blocks as in the amount in each Block, 5000 individual Blocks or inputs so if you have 150k Coins then each Block should be about 30 Coins each (150,000/5000 = 30) If you have a lot of competition between all Blocks constantly, the amount of POS during the POW/POS stage is about 60% so in a sense you will want to have all your Blocks between 10-30 Coins (or even less) in order to have a magnitude higher amount of Blocks than the minimum amount of Stake age, plus you also have the SuperBlocks so each person should want many Blocks anyways. Excellent!!! That will be the plan! |
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About 4.5 days into the POW from 30 days.
So for POW you will get exactly 360 Coins for the first 7 days before POS begins. Once POS begins, it generally accounts for approximately 50% of the Blocks but lets say it is a bit on the low end and the average is 30% of the Blocks as POS levels out.
360 * 7 = 2,520
(360 * 0.7) * 21 = 5,292
So if POS is on average 30% of the Blocks during the POS stage then the total POW Coins would be 7900 Coins, if on average it is 50% of the Blocks then it would be 6300 Coins so if we err on the higher side the estimate would be 7000-8000 Coins during POW or approximately 5% of the total supply.
Of course, you should also be splitting up those Blocks from the 150K so you have enough Blocks to cover the minimum Stake period of 7 days which is about 5000 Blocks. If not enough total Blocks to Stake, you will get a higher amount of POW Blocks because there isn't enough eligible Blocks to Stake.
Hope this helps a bit with understanding the inflation rates.
To try to limit the pow rewards and have the POS get the most rewards, what size block would you recommend 5000 coin blocks? Vegas |
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About 4.5 days into the POW from 30 days.
So for POW you will get exactly 360 Coins for the first 7 days before POS begins. Once POS begins, it generally accounts for approximately 50% of the Blocks but lets say it is a bit on the low end and the average is 30% of the Blocks as POS levels out.
360 * 7 = 2,520
(360 * 0.7) * 21 = 5,292
So if POS is on average 30% of the Blocks during the POS stage then the total POW Coins would be 7900 Coins, if on average it is 50% of the Blocks then it would be 6300 Coins so if we err on the higher side the estimate would be 7000-8000 Coins during POW or approximately 5% of the total supply.
Of course, you should also be splitting up those Blocks from the 150K so you have enough Blocks to cover the minimum Stake period of 7 days which is about 5000 Blocks. If not enough total Blocks to Stake, you will get a higher amount of POW Blocks because there isn't enough eligible Blocks to Stake.
Hope this helps a bit with understanding the inflation rates.
The minute the swap closes, Im going to calculate who gets what and post the percentages on the OP. As I am expecting a small group Im going to advise everyone to use the split block feature and devide their coins into 500-2000 coin blocks to keep the chain moving. As we are a small group and there is a 7 day min stake age, we need to have loads of small blocks to keep chain moving and to stifle the supply of pow. Vegas |
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I have a strange feeling there will be a rush on the last few hours.
Vegas
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So the miners are dumping it down. It must be the miners as it is not available anywhere but mining. So for now, Im going to let them dump the price as low as they want. When POW is over then Im going to buy this back up at the price we all decide. It will be cheap coins for all of us on the buy back up, and the price will stay there. For now Im still buying the mining dumps so they dont end up in the wrong hands.
Vegas
Thats absolutely crazy....I cannot believe it, that these kind of devs still exists...Vegas, if u do it right, u r my man  Ohh I will. In my 20 years investing, Ive always made lots of money. Im not good at too many things , but business and investing and IT/Computers, ohh and crypto ..hehhee www.bitcoinlasvegas.net is my site. Still buying mining dumps, my wallet is up to 567 FLY ..LOL , and they are staying with me FNcVD1aUpaaJBsqiuyLvbtS4TaJ3HaoBjN Pow has generated 1546 coins, Ive bought 610 coins, (sent 50 to greg for graphics), so Ive bought about 40% of the mining coins in existence. LOL See there are a lot of talented graphic designers and coin devs. They make nice grpahics and make cool looking wallets, I cant do either. My skills are in money, and investing and economics and cryto. So the devs make the wallets, and stop. They dont know what to do and how to move it forward and be a leader, so they run. Ive been a leader all my life. A leader of self. I prove it and others follow. Its the natural order of things. I want to keep this under the radar until the swap ends, to have the least amount of people in the group. Once mining is over and things settle down, we will "sit at the table" and discuss a plan to lock a high price and keep it there  Few more secrets revealed. I purposefully made the original OP look like shit. This was to detract attention. I did not want loads of people investing , so I left it looking stupid and cheap until the moment was right. The attention on this coin is still low and I want it that way until atleast the swap is over. Im sticking with 1 exchange until the mining is over. The BIG changes will start once POW is over. This coin wont have cutting edge features, or a super fancy wallet. The coins value is based on a small community of investors that will hold their coins, and make the buyers pay a VERY high price. My plan is to ask everyone to sell off a small amount of their POS rewards. Selling to much to others will give them the control to dump, and kill our price. Vegas |
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Posted our new motto at the top of the OP. Hope you guys like it. it says" FLYCOIN, in the hands of a trusted few"
Vegas
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So the miners are dumping it down. It must be the miners as it is not available anywhere but mining. So for now, Im going to let them dump the price as low as they want. When POW is over then Im going to buy this back up at the price we all decide. It will be cheap coins for all of us on the buy back up, and the price will stay there. For now Im still buying the mining dumps so they dont end up in the wrong hands.
Vegas
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Ya a few people wanted to get a second batch after the results were updated, and I understand that. I want it this way. Large batches of fly in the hands of a few.
Vegas
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We have crowned a new king, now gimme that crown!!  Vegas |
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New rule in effect: You are allowed to send a second batch of Ros before the swap closes on Sept 16th 2017. The second batch of Ros must be atleast 1 million Ros.
Thanks
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