A second permanent node is online in the Netherlands:

addnode=128.199.57.33

You can place that line in your .conf file as described here:

The problem is that, as I understand it, you aren't rewarded for keeping your wallet open, connected, and processing transactions. You're rewarded simply for owning coins. This is the problem I see with the way staking works. Here are some notes I've been working on... (work in progress)...

Proposal #1
This one would be aimed towards rewarding those who keep their wallets online. With zero inflation from 0% stake interest, all "mining" or "staking" rewards would come from transaction fees payed to those who are actually connected to the network and processing transactions. I think it would offer the strongest network, but I'd also be concerned about rewarding transactions to participants based on stake weight, given that it merely rewards the wealthy for being wealthy and could cause ever-increasing centralization and concentration of wealth. Shouldn't the transactions be rewarded to those offering the most network participation, regardless of how many coins they hold? Is it possible to calculate a "transaction speed" rating similar to a miner's "hash rate"?

On the down side, a higher transaction fee could make it less suitable for micro-payments in online markets and games. Online markets would most likely require deposits, while offline markets might prefer gift cards to instant payments of Cinder as they avoid transaction fees. On the plus side, this could slow the growth of the blockchain by encouraging off-chain transactions.

I think that proposal #1 rewards early investors for the critical first few years, but then slowly shifts those rewards towards transaction fees and network participation.

Proposal #2
Still thinking about this one. 3% would most likely bring about 2% inflation. That would provide an ever-increasing money supply, rewarded to those holding the most wealth, without providing any real benefit to the network.

Proposal #3
So long as fewer than 100% of coins are staked, whoever is staking their coins is beating inflation and thereby profiting from stake interest. It would promote saving, but there's no real incentive to remain connected to the network and participate in transaction processing. You get your interest whether you're connected or not. What's the point in rewarding the wealthy just for being wealthy when there's no return on that investment in the form of guaranteed network participation?

Been trying to buy more since 6 sats and the price just keeps drifting slowly up away from me. I guess that's a good thing =)

I had the idea with Mythril to raise the transaction fee and change the interest to 0%. The purpose was to reward only those who kept their wallets online to process transactions, rather than just anyone with coins. However, since I'm not starting this coin from scratch I don't want to be overly disruptive to investors. I'd like to get the inflation rate below 3% per year and I think 5% interest would achieve that.

Proposal #1:
10% interest for the remainder of the year.
5% interest for 2015.
4% interest for 2016.
3% interest for 2017.
2% interest for 2018.
1% interest for 2019.
0% interest in 2020 and beyond.

Proposal #2:
10% interest for November.
5% interest in December.
3% interest in 2015 and beyond.

Proposal #3:
10% interest until 11/15/14
5% interest after that.

Thoughts?

One primary goal is to implement the coin into browser-based RPGs (including my own). I was going to call it Mythril but, as techlover pointed out, it's not a very suitable name for other purposes. He's still going to be working on Flexible Science, plus I want to look into marketing the coin to outdoor vendors. Perhaps we'll get a dragon mascot named Cinder... because dragons love treasure =D

It seemed like a happy medium between a fantasy-oriented branding and a general purpose one. And... I just like the word.

REBRAND

We'll be rebranding FlexibleCoin [FLEX] as Cinder [CIN].

For Twitter updates please follow us here: https://twitter.com/CinderCoin

I was able to synch fully and successfully sent coins from Bittrex to my wallet. To synch your wallet (Windows):

Download the blockchain here to save time synching:

https://mega.co.nz/#!BcwWlKzZ!n3JMWI1H8rK3KNDhZBIfIr8r7AFviMplxBCKcxx5ne4

Put it here:

C:\Users\<username>\AppData\Roaming\Flexiblecoin

In the same folder, right click and choose: New > Text Document

Rename the text file: Flexiblecoin.conf

Add the following contents to the file and save it:

daemon=1
server=1
listen=1
rpcuser=user
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=22554
addnode=104.236.49.247
addnode=112.124.113.56
addnode=113.190.244.18
addnode=115.87.4.193
addnode=118.211.236.140
addnode=124.122.206.68
addnode=137.135.57.190
addnode=188.36.15.152
addnode=204.11.237.235
addnode=204.11.237.75
addnode=209.147.144.7
addnode=37.187.150.163
addnode=37.187.155.143
addnode=70.24.166.176
addnode=71.193.200.20
addnode=72.186.82.75

Got a reply from techlover. It's not official yet, but it sounded like he was going to turn the coin over to me. I'd be very surprised at this point if that didn't happen.

I'm a C# coder, so I'm not immediately set up for this sort of coding. My goal for today is mainly to get my coding environment set up. I need to locate the most current blockchain as well, so if you have any ideas on that one let me know. Either techlover will have it or I may need to get it from Bittrex since they obviously had a working wallet at one point.

My priority for this week is to get all wallets working and make sure we've got a healthy network to process transactions.

Didn't sound like anything came of that considering the coin was about to be delisted and neither of them has said anything. I'm not even sure if he's a coder.

I bought and sold a bunch to keep it from delisting. Thanks also to cryptoholic11 for doing the same before. It's still live on Bittrex and the delisting notice has been removed.

I'm working to get the wallet functional, but I still haven't had contact with techlover, so I hope he's on board with this. Going to have to set up a seed node.

Stay tuned! =)

Volume for the last week should now be over 1.4 BTC (0.2/day average). I sent a message to techlover. I'll try to make time soon to figure out how to get coins transferred off Bittrex and then make a plan for rebranding to Mythril [MYTH] which I can then use in my RPG, Thorns of War, which I'm relaunching at the end of the year.

https://www.facebook.com/towrpg

I got dumped on at 110 and ended up nearly all in, then bought more when it got really cheap and ended up all in, so... it just doesn't make sense for me to let it go. If I start a new coin the premine will be smaller than what I'm holding of this coin.

However, if I can't transfer my coins off of Bittrex then I'm shit out of luck. Gonna have to keep it alive another month to get it figured out. I think the volume is very very close to what it needs to be.

I try to run the windows wallet and it crashes on launch.

EXCEPTION: St13runtime_error
init_blockindex(): error opening database environment IO error: ....\MANIFEST-000002: The handle is invalid.

Personally I think this coin is stronger in terms of who's holding it than any new coin distributed to miners waiting to dump it. A blockchain is a blockchain. Even if it's delisted there's no reason why it can't be rebranded and brought back from the dead. If no one is taking it over it makes a lot more sense for me to do so than to start a new coin with a premine equal to what I'm holding.

Well, no one is speaking up, so I guess there's no interest in keeping the coin alive. It gets delisted from Bittrex today without a bit more volume.

I had a couple sell orders at 9 and 23. Rebuying at 6. I've been planning to start a coin so I figure perhaps this one will do the trick. No point in starting a new blockchain when this one is already fairly well distributed among actual investors instead of miners.

2 days until the coin is delisted. We can prevent that if we're serious about saving the blockchain. If left up to me I'd rebrand it and change some of the specs. Is the network even healthy enough to move coins from Bittrex to wallets? My entire trading income went down the shitter with this coin, but it can probably be turned around.

What's the story guys and gals?

So what's the deal? Anyone taking over the coin?

Bittrex will delist FLEX if the volume stays under 0.1 BTC per day average over a week. It's at 0.05.

Surely you don't think he'll read that...

You back things by assets, not by expenses.