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My fav topic. Notifications on.
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My starting offer is 0.5 BTC for 1,000,000 FLT. Keep in mind that there is currently inflation of about 5,500,000 FLT per day for the first year of mining. In two month's time there will be about 330,000,000 FLT in circulation. My price of .00000050 BTC/FLT would put the market cap at 330 BTC in two months. http://coinmarketcap.com/#BTCI believe this is a fair market cap evaluation compared to the other coins on the list. You, sir, seem to have missed the argument towards why your offer is between 1/7 and 1/10 of the real market value. Here, I'll post it again, for your convenince. I'm looking to buy up to 1 BTC worth of Fluttercoin for 0.00000050 BTC/FLT.
I believe this is a fair valuation, based on the ~5,500,000 FLT inflation per day in the first year of mining.
That price is between 1/7 and 1/10 of the fair value.  For that amount, it may not even be worth the electricity it in some places. Let's do some calculations. If you look at this: http://pool.webcoin.us/flt/statistics/poolyou will see that right now you can make around 2750 FLT / MHs / day, and that is going down as the diff rises. At your price that would be around 0.001375 BTC / MHs / day or $0.80 / Mhs / day. Now go HERE and see what are the going rates / Mhs / day for other scrypt coins. As you can see, the decent coins with no innovation range between $5 an $7 /Mhs / day (not counting the electricity). Note: this may vary from the time of my post. This one has the benefit of being an innovative coin with a dedicated dev. I would value it right now at around $8 - $10 / Mhs / day, meaning 500 sat, ten times more than what you offered. Of course, that is if I would want to sell. But since this coin is Proof of Stake (variable with coin age) I think I'll hold my early mined coins for a while, unless I'm offered around double the going rate for normal scrypt coins. |
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First post updated.
Release v0.4.5.0 Mandatory Update
Thanks for keeping the thread updated. Can you shorten the subject of the thread? So it looks a little cleaner, Just: [ANN] FlutterCoin (FLT) POW, POS, and NEW Proof-of-Block Well, I try to make it a bit more informative than that, but I see what you mean, it's getting too crowded indeed. Let me see what I can do. |
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First post updated.
Release v0.4.5.0 Mandatory Update
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I'm looking to buy up to 1 BTC worth of Fluttercoin for 0.00000050 BTC/FLT.
I believe this is a fair valuation, based on the ~5,500,000 FLT inflation per day in the first year of mining.
That price is between 1/7 and 1/10 of the fair value. For that amount, it may not even be worth the electricity it in some places. Let's do some calculations. If you look at this: http://pool.webcoin.us/flt/statistics/poolyou will see that right now you can make around 2750 FLT / MHs / day, and that is going down as the diff rises. At your price that would be around 0.001375 BTC / MHs / day or $0.80 / Mhs / day. Now go HERE and see what are the going rates / Mhs / day for other scrypt coins. As you can see, the decent coins with no innovation range between $5 an $7 /Mhs / day (not counting the electricity). Note: this may vary from the time of my post. This one has the benefit of being an innovative coin with a dedicated dev. I would value it right now at around $8 - $10 / Mhs / day, meaning 500 sat, ten times more than what you offered. Of course, that is if I would want to sell. But since this coin is Proof of Stake (variable with coin age) I think I'll hold my early mined coins for a while, unless I'm offered around double the going rate for normal scrypt coins. |
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Wallet won't sync even with all the nodes in the op.
The fail runs strong.
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pasword worked but file is corrupted
That means password did not work |
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well actually i think this guy did advertise his gold bars first along with silver bars, platinum bars.... etc and about 10 other coins.
coingen junk anyway
My, my. I was wandering what happened to the Gold, Silver and Platinum bars guy, when I saw the new Gold Bars thread. It really is him. To be fair, he was the first I heard with the Goldbars name. |
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This launch is too ninja. It needs more people mining.
Dev, please make a more alluring first post.
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Wait, I got one more peer  "addr" : "199.175.53.179:38777",
"addr" : "[2001:0:5ef5:79fb:2cbc:914f:a824:f6bd]:38777", |
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{
"blocks" : 1215,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00024414,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 607870,
"pooledtx" : 0,
"testnet" : false
}

[
{
"addr" : "199.175.53.179",
"services" : "00000001",
"lastsend" : 1394310840,
"lastrecv" : 1394310840,
"conntime" : 1394308730,
"version" : 60003,
"subver" : "/Satoshi:0.6.4/",
"inbound" : false,
"releasetime" : 0,
"startingheight" : 131,
"banscore" : 0
}
]
 { "blocks" : 1274, "currentblocksize" : 1000, "currentblocktx" : 0, "difficulty" : 0.00024414, "errors" : "", "generate" : false, "genproclimit" : -1, "hashespersec" : 0, "networkhashps" : 544714, "pooledtx" : 0, "testnet" : false } And the same peer for me. It seems that we're not forked, just the only ones mining this. |
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Okay solomining away, getting a lot of rejects but it's goin.
please post peerinfo and blockheigh, let's check if forked. 
{
"blocks" : 1156,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00024414,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 499321,
"pooledtx" : 0,
"testnet" : false
}
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Post standalone qt wallet. No one trusts an installer.
And you do trust a standalone qt wallet because? A .exe can be as dangerous as an installer. Virustotal doesn't unpack installers => You can scan the qt easier, but the installer just adds one more level of packing. Like in this case: the installer showed clean, but the qt had 2 signatures that show on other wallets too, so maybe normal. Not to say that I completely trust the qt, but it seems lower risk to me. You're welcome. |
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Anybody has some fresh nodes?I only get one connection. 22:25:13 getpeerinfo
22:25:13
[
{
"addr" : "199.175.53.179:38777",
"services" : "00000001",
"lastsend" : 1394310311,
"lastrecv" : 1394310311,
"conntime" : 1394309555,
"version" : 60003,
"subver" : "/Satoshi:0.6.4/",
"inbound" : false,
"releasetime" : 0,
"startingheight" : 524,
"banscore" : 0
}
]
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I get those too. They seem to be normal for some wallets. For anywone who (like me) doesn't trust the installer, here is the archived qt wallet: http://we.tl/7MsJ8RIPW7I extracted them by running installer in sandbox. |
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Post standalone qt wallet. No one trusts an installer.
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how is it a scam exactly? Sir, are you familiar with the normal practice of making the wallets available beforehand (in archives encrypted with a password) and are you clear as to why this is the only fair way to launch a coin? Because if you are not, that might explain your painful cluelessness. Please do everyone a favor and lurk more. |
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REMEMBER TO USE A DEDICATED VERT/EXE-COIN MINER Do you even know what this coin's algo is? |
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