In case some of you have not been in crypto for a while. 95% of coins fail in a few months. Either the dev disappears, or the coin becomes worthless. There will be features added to make fly very special. But the fact that it is still strong and valuable after one year, should tell you all you need to know As I have promised, fly will be around for years, and I will continue to add value.

Vegas

Yes, fly was launched September 16, 2015!!!!!!!!!!!!!!! Our one year anniversary!!

Vegas

Guys, Ive updated some of the information on the OP, including a link to Presstabs' block explorer. Also added the version # of the wallet and date released (Thank you Pokeytex, for this great suggestion). Later I will add a new banner called "Flynode", and write the description and details.

Vegas

Excellent idea. Ill put the date released also.

Thanks

Vegas

Im sorry mining is over. We are POS only now. However in a few weeks we will have a multipool that pays out in fly.

Thanks
Vegas

Guys I watch the gauges. I always need to know if Im headed in the right direction. There are many signals. It could be user feedback, or activity on the exchange, the activity on the thread and more. It lets me know if I am headed down the right path or not. Well, fly is really starting to pick up steam. That tells me , that they really like the idea, and are getting as much fly as they can , before there is none left. The WORST thing you can do now is send funds to the exchange. If we want the price to go up, then we need to hold. Because now there is a major shortage of fly on Yobit. There is and will be more demand as things move further. Here is universal law. Supply and demand. When the demand far outweighs the supply, prices go very high. Im going to ask everyone to hold and not send to the exchange to make the supply even less, thus raising prices even more. The screen shot below was taken just minutes ago, it tells me everything I needed to know



https://www.yobit.net/en/trade/FLY/BTC

Vegas

Whats your fly address

Cryptonit, I think comparing the anti-dump system risk, and the flynode risk are two different things. Here is why... the antidump system was a key part of sending and withdrawals, the flynode system is NOT. So when the antidump system failed, it prevented transactions, a MAJOR component. With the flynode, should it by chance not work correctly, fly will still function. People will still be able to move funds around, and its not a "show stopper" like the antidump system. If enough people posted here, that they strongly favor a standard masternode system, then I would strongly consider changing it. Also I would consider who it is thats posting. If its been long time fly loyalists saying they dont want this flynode, and they want a standard masternode system that would cause me to seriously consider a standard masternode. Know this , if we implemented a standard masternode system, then Im not sure it would add any value to fly. I would like to give flynode a shot first, then if for some reason, its not what we expected, then I will implement a standard masternode system.

Vegas

Your wallet is your masternode. With flynode, there is nothing to create, or setup, or collateralize. 1 node for each person max, with no other option. That makes the fairness perfectly equal. Everyone has the same chance of being rewarded regardless of balance.


There wont be 50 Flynodes. I constantly check the number of connections, and its usually around 18-20. That makes your chances of being chosen for the node reward much higher.


Your chances of being chosen is the exact same as mine, which I believe will be about 1 in 20. Everyone has same chance of being chosen.

So, ive given many suggestions on how to easily get to 500 fly.  The social media campaign is one. The other will be the upcoming multipool that will payout in fly. I will be giving bonuses each week to the highest hashers of each algo. Another way to really earn fly.

Additionally to make it even more fair, Im going to try to implement a system were if you have not received a flynode reward , then your wallet will begin to gain weight, much like staking. If you have not staked in 20 days, you have a much higher chance of staking. This makes it even more fair. I dont know yet if this can be implemented or not. But if it can, you can be sure I will.

The bottom line is this. Flycoin is actually more fair than any other coin out there. Here is why. 99% of coins operate the same way. The guys with the higher balance will always get larger rewards. Thats how Crypto is. But to try to bring things more into balance, I have created LOADS of ways to gain fly without any cost at all. So if anything, we are more fair. Ill also add that in the past year when we are trying to implement the anti-dump system, a few of you lost coins. Sometimes, it was no fault of my own , and users didnt update and forked and lost coins. Here is a fact:

Not one coin has been lost under my watch, because I have reimbursed the users every single time. Im trying to think if there is a dev out there that has even reimbursed a user for a lost coin , even once. I have, my fault or not, every single time.

Thats the real reason you should be with fly, because:


Vegas

I do my best to balance the coin. The system itself will pay more to those that have risked the most. It also pays more to someone that has 3000 fly , than someone who has 700 fly. So I dont see that as an unfair system. I have strongly focused on helping the little guy, and that element will still be true. We once had a balance of 5500 fly in the superfly wallet. Its down to 2,000 fly. NONE of the top 5 received any of that. Therefore I have given away 3500 fly. That is when it was .80 usd and sometimes 1 dollar a coin. People have done many different things to get these rewards. So, this will still be true. I AM concerned that 500 fly might be too much, but when I really look at it , its only .34 btc. If even that seems out of reach , there are PLENTY of ways to get superfly rewards. So the core mission of fly has not changed. Anyone with no money at all CAN attain 500 fly in many ways. Use your imagination. Support fly, and I will help you.

Vegas

So starting today , we are going to start giving out rewards from the superfly wallet for tweeting about "flynode". Your tweet must have an explanation of what it is, what it does, and the fact that only fly at this time has this special node.

Here is a reminder so far on what has been discussed: (you might even copy and paste this on the twitter page you choose). The twitter page must have a minimum of 200 followers and be crypto related. An additional bonus will be given to you, for a very positive tweet that might read something like this : Guys, fly is looking better than ever. The wallet is flawless, and everything works, and they have big plans like a multipool that pays out in fly and then the new flynode will be awesome!! Check out the details here:

So your welcome to copy the following and edit it to it fits into a tweet, or post it to a crypto-related social media like facebook.


Its not exactly a masternode as funds do not have to be locked away. Simply hold your balance in your wallet.
Flynode will choose random nodes for each block to reward to (Much the way Dash does)
Your balance will not affect your chances of being chosen or not. Everyone has the same chance.
The minimum to get a node is simply having a balance of 500 fly or more. Its automatic.  You wont need to lock, or collateralize in anyway.
500 fly will pay you 5% of the block reward, should you be chosen for that block.
Each additional 200 fly will reward you 1% more if the flynode chooses you.
The max reward is 50% of the block. To get this much would require you to hold 9500 fly.
Even if you have multiple addresses, our flynode system rewards you based on your entire balance from ALL addresses!!
The superblocks probability has already been raised 4x, and will probably be raised more.
Superblocks will play more of a role now than they ever have. Because for example if someone hits a superblock for say 50x , and it rewards 100 fly, and lets say based on your balance you get 20% of that, youll get 20 fly reward. Ill keep increasing the superblock probability until they become very common, as this will play a major role for much higher rewards.
POS is not much of a factor anymore. Flycoin will be more random.

So, beginning Mondays and ending Sundays at 5pm PST, we will have the social media campaign, and reward you from the superfly wallet. So you can even start today if you want. The most important part is you MUST post the link to your post to twitter,  like before in the fly thread as proof you posted to a social media account.You will also need to go to Presstabs richlist and claim an address. Just 1 address is fine, even if you have multiple. The purpose is : So I know where to send your reward every Tuesday. You must also post to a different social media account each time. Please dont spam the same social media account. That does not get the word out or help anyone. I know that I had posted that I wanted to raise the POS rate of superfly to 200% POS, and some of you were against it. Know this, I know who the top holders are, and they are disqualified from rewards. If I keep rewarding you guys every week, the superfly wallet will drain quickly , and there wont be any rewards. The superfly wallet belongs to YOU!!! I just send the funds. So I hate to override what you guys said, but I have no other choice, as you have given me no other ideas , except charge you guys fees, and we all know how that went. These funds go to YOU guys, NOT to the top holders. I want to structure this where I can pay higher rewards for fly supporters, and you can use this to get rewarded more on masternodes. This will be great for those that cannot afford the 500 fly or more to qualify for flynode rewards.  Everything will be posted, who got what each week. The Superfly wallet address is posted publicly so everyone can question any and all transactions ever made from it. But I always post what each transaction is anyway.


But wait, thats not fair, I cant afford 500 fly!?!?!? Ok.. here is your answer

I will be rewarding 50 -70 fly per week. I will divide that number between the amount of people that participate in the social media campaign. What im saying is, if you are the only one, you will get it all!!

When the superfly wallet raises its rate higher, Ill be able to give out much more. if I see a lot of participation, Ill ask the top holders to stake to superfly. I can already tell you they will

If you wish to take part in the social media campaign then start by claiming an address here: http://www.presstab.pw/phpexplorer/FLY/richlist.php

If you dont know how, or cant remember, just ask. We will repost instructions.

Update: I just came up with this idea, but I dont know if its possible. Even though the flynode will choose completely fair and even for everyone, I had this idea to help try to keep it more balanced.

I dont know if Griffith can do this or not.... Example.. lets say your luck is terrible.. and Flynode does not reward you for 2 weeks, is it possible to get a higher reward because you have not received a reward from fly node in so long? Kind of like staking where you get coin weight, and the longer you dont get a reward the more you get. This is simply an idea, and has not been confirmed by Griffith. But, IF its possible, I will have him implement it.

Vegas
 

I would love you guys to chime in, and ask any questions. This will help others understand what we are doing. As it is still being coded, there is still time to tweak the settings or change things. Now is the time to ask questions, or comment, or give suggesttions. We also need a name. Griffith came up with "Skynode" or I was thinking "flynode".

Vegas

I just talked to Griffith a minute ago. I asked him again to confirm that a wallet can check its own balance. He confirmed it can, but not in the direct way that you would think. He said he will post here later today and explain how he will make it possible. This will be one of a kind, and unique, and will blow the doors wide open , and bring loads of attention and excitement to fly. Meanwhile those that have kept the faith and held their fly will be glad they did, as there is not enough fly on Yobit to even buy the smallest masternode (Name of new tech to be changed soon). Anyone that still doubts it, I have the top buy order on yobit that will buy 600 coins right this second. Money talks.

Update: Ive thought about this too. Here is proof that it IS possible at least a way that I came up with , and its this:

We would add another button , then when you press that button would take you to another page where YOU would input the address or addresses where your additonal rewards should go. Much like our savings feature where you could send your reward anywhere and to any address.

There. Thats one way.

Vegas

Thanks lightfoot. So, that brings up another question. Im quite positive that the titans only work with a very specific pi, and thats the original model pi that it shipped with. Ive Actually tried it with a pi 2, and it wouldnt boot. Just a blank, bright led on the controller.

Thanks for the info. Ive focused my research heavily on the boards themselves , non stop for the past year. Ive made it my full time job, as im retired.  Here is what I know. Most failures about 80% of the time, is because the wafer gets too hot , and separates from the pcb. Because of the design of the E plate, using 2 screws in the back, and only one in the front, it puts more pressure on the front of the wafer (closest to the fan), and the dies that almost always fail are the first die that gets its voltage from vrm 0 and 1. This die is closest to the exhaust in the back and is easily identified by the small pin hole on the plate.The only repair then is to have it reflowed professionally. Do NOT try a heatgun, because it scorches the wafer, and the many tiny pads, beyond repair, so that when it is lifted professionally, the tiny pads stay with the pcb, and is unrepairable, much like what happens when people use a heat gun on a laptop gpu, it might work for a couple of weeks, then fails. Theres more information , but many people have always wanted to know the ultimate question, and that is: How to fix the .8v dead die issue, and there is the answer. I have had a custom made stencil for the titan along with the professional grade reflow machine. There are still many boards I need to repair and reflow before offering it to the public.

Vegas

I thought about "wallet checking own balance", and Griffith assured me it can be done, by checking the chain. Also Cryptonit, you would be correct, it is not a masternode, as there will be no collateral funds. Because nothing like this has ever been done, I need to come up with a name for it. Or if anyone else might have a name. Griffith will be working on it all week. If there are doubts, then here is the link so, any of you can follow along. Keep in mind that he has only coded a couple of hours and it is not near complete, but he will be working on it throughout the week, so continue to check its progress.

https://github.com/Greg-Griffith/Flycoin/blob/masterNodeDev/src/masternode.cpp#L34

Vegas

Excellent. So Im going to have this customer ship it to me, and if it is an easy as it looks, Ill try to offer repairs as cheap as possible. Im hoping around $100. If its just removing the connectors, and then sealing the old trace line, and then running new wire, and resoldering connectors, that doesnt seem too difficult. So , Ill have my customer ship me his and see how things go. If its as easy as I think, Ill offer it to you guys for a good price.

Vegas

So ive been mapping the next step for fly, and I think what you are about to hear will blow your mind!!!!!!!!!!!!!!! Its so unique , I cant tell you how excited I am. The crazy Ideas I come up with.

So Initially I wanted a multi tier masternode. But even though that was very unique, I have something that is so unique, it might actually pave the way masternodes operate.

Ok here goes...

The minimum to get a masternode reward is 500 fly.

Dash picks random masternodes and rewards that masternode 40% of the block.

Our masternode system will also choose a random masternode each time. So each block it will select a random masternode and pay a reward based on your balance.
Our version of the masternode, will NOT require you to collateralize your funds. So, youll still get your POS rewards, and should you be chosen by the masternode system, youll get an addtional reward based on your balance.

The initial 500 fly will reward you 5% of the POS block , if you are chosen.
Each 200 fly that you hold in your wallet will reward you an additional 1% masternode reward.
The max reward is 50% of a block. To get that 50% is 9500 fly.
You can even have your balance in many different addresses in 1 wallet without a penalty. It checks the balance of every address in your wallet and totals them.

So in simplicity, you simply hold a minimum of 500 fly to get additional masternode rewards. No collateral required, nothing needs to be locked. You then add 200 fly to get an addtional 1% over time.

Ive been speaking with Griffith for the last 5 hours and he has confirmed this can and will be done. Possibly 2-3 weeks from now  

I think this system is so unique, there is no question many will adopt it, and it started here!

Vegas

Ok so even though ive been very quiet here, I have continued my repairs and research on these cubes and controllers. Ive purchased a very high end reball/reflow machine and had a custom stencil made for it specifically for this board. I also have a digital microsope, and the hakko  tweezers, and desoldering gun to remove the pci-e plug, as well as the the best capacitor in circuit test, "the capacitor wizard". So it will just be a few weeks to repair more cubes to full health before I open repairs again. When I do, there will be no cube I cannot fix. But before that I have loads of cubes I still need to repair to full health to be sure, before I open repairs to the public. Anyway, I have done no work at all on the controllers. I know the bridge has a common failure with the traces burning. I have never actually dealt with one before. I had a customer send me pics and asked If I could fix it, and I really could not answer. I know I can easily desolder the female connectors, but then can I run a new wire to connect them, or does the copper trace have to be connected to the board?? Because if the trace line must be connected, that could be a real problem, but I might have some solutions. Anyone know if I can run a new wire not connected to the board, just connecting the female connectors?

Here are his pics.




Vegas

So even though our buy price is low, what people dont look at is, in the coming weeks we will have masternodes. These masternodes will have the same model as dash where The masternode holders will divide 50% of all POS rewards based on how many masternodes they have. Here is the ironic part. Right now if you wanted to go on yobit and purchase the 500 fly to get the masternode, there are not enough for sale!!!  

So the best thing to do now, is to hold your fly, as there will soon be a large demand, and not near enough to supply, hence MUCH higher prices

Update: Ive just spoken to Griffith , and he is close to finishing a very basic multipool that we will start testing, this multipool will payout in fly. There will also bonuses paid out each week to the address with the largest hash for each algo. It will be a VERY fast and efficient pool.

Vegas

I sent a PM to infernoman about a week ago, and no response, but at that moment my message was about a multi tier Masternode. So thats probably why he didnt reply. Ive only heard good things about him. Ill have Metamorphin contact him again.

Vegas