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Alternate cryptocurrencies / Announcements (Altcoins) / Re: FLYCOIN ANN with POSP ON YOBIT & Bleu Trade. POS 35%. Only 200k coins. RARE!
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on: September 11, 2016, 05:48:20 PM
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Guys fly is going dirt cheap. I just got 380 more VERY cheap  Put those buy orders in, and with the lower POS, fly will become near impossible to buy, and many will want to purchase it when the masternode goes it. So be aware, I am purposefully letting it fall, then when the masternodes go in, the price will rise. I will continue to add value and features. This IS the bottom price for fly See, I know how crypto works, and if people dont make a quick profit, then they dump at any price. What they didnt know is the features will come AFTER the weak hands are shaken out Here is the other good news. The top 5 holders hold well over 70% of the money supply and we are not selling at all. So, there will come a point were it CANNOT dump any further, especially with the 10% POS Now you know why your with FLY  Gawd I LOVE the Crypto game  https://www.yobit.net/en/trade/FLY/BTCVegas |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: FLYCOIN ANN with POSP ON YOBIT & Bleu Trade. POS 35%. Only 200k coins. RARE!
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on: September 11, 2016, 05:40:29 PM
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Now guys, if your reading this, you are true fly loyalists. Many of you know I have exceptional skills in finance and money. Its not because I make money, its because I know how to leverage the power of money. Anyway here is a special gift to our US residents (and maybe outside of the USA , I dont know). T-mobile (Maybe other carriers) are offering a brand new Iphone 7 for FREE!!!! Anyone that knows me, also knows I dont bullshit. If you have a working Iphone 6 (any kind), you can trade that in to tmobile and they will send you and iphone 7, and even pay for the shipping to return your Iphone 6. Your Iphone 6 must be working, and just have normal wear and tear, thats all!!! Now, if you have an Iphone 5, they will give you $50 for it (Must be working), and you have to deposit $99, and then pay $12.95 a month for the phone. Its comes to $350 for an iphone7 with 128gb , for $350. If youve shopped around , you know an Iphone 7 with 128gb ram is about a $750 phone. Now if you dont have an iphone 5 or 6, just find a used one that works, that is not locked or damaged. They accept normal wear and tear and small scratches. There are loads of places on the internet you can buy a used iphone. Seems like the best trade in is the used iphone 6. Thank you for being a loyal reader and enjoy. The other carriers like AT&T and verizon are doing specials on the upcoming Iphone7 (Released on Sept 16th) also. So, I just gave you a FREE Iphone 7 , so dont say I never gave you nothing Vegas |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: FLYCOIN ANN with POSP ON YOBIT & Bleu Trade. POS 35%. Only 200k coins. RARE!
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on: September 09, 2016, 01:25:16 AM
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I think what Im going to do is start with 1 masternode only, at first, at the cost of 500 fly each. This will be accomplished much faster. From there I will begin the process of finding a dev that can code a multi-level masternode.
Griffith is continuing his work on our multipool.
Vegas
I just wanna say good work on everything to do with FLY good sir I really have a good strong respect for people like you who strive to bring crypto to the masses mate Cheers Good to see you!! You know Im asked all the time, what is the vision of fly? Or what can I buy with fly? What makes fly so special? Ill tell you. Because no coin creator/dev/op has the intensity and passion to make the coin, the best it can possibly be. I do. After a few months in Crypto it was very clear that everyone was doing the same thing, and that was investing in short term scam coins, hoping they would just "go to the moon". I watched people over and over again lose their money. So I created fly as a safe haven. A place where you can store your funds, and know that the dev wasnt going to abandon the coin a few weeks after launch. A coin that wouldnt inflate so fast because of a very high POS, and then become worthless. So I looked at this, and I saw an opportunity to really be different. What I mean is , I have protected the users from loss, more times than I can count. I wanted to bring integrity and trust to fly coin. When people had lost enough through short term scams, they start to look for safer places. For me before fly it was HBN, CAP, TEK. These are highly respected coins. However, they let inflation destroy the value. That wont happen here. I wont let it. So even though we have had our challenges Fly is one of a tiny percent of coins that after 1 year is worth 55,000 sats. That in itself should say so much. Because fly is a project I will be working on for years, all the price can do it go up. The 16th of September will be our official 1 year anniversary, and fly is rock solid. The more time passes, the more users and trust we will gain, especially if they see the price rise steadily, and it will. The other thing about fly is I have never manipulated it. The price is what it is. Its the only way I can gauge if I am on the right track. Even the most incredibly popular coins, that everyone goes mad over fail time and time again. https://bitcointalk.org/index.php?topic=1173385.2380Fly will be around for years, and years and its price will always be rock solid. Vegas |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: FLYCOIN ANN with POSP ON YOBIT & Bleu Trade. POS 35%. Only 200k coins. RARE!
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on: September 07, 2016, 05:29:07 PM
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So the new structure Pow is 10%. What about the pos? Is that going to be fixed amount per block (what is the split between miners and masternodes?
Pow has ended, and wont start again. The new POS rate is 10% per year. It is NOT a fixed block reward. We are still sorting out the details of the masternodes and wont be implemented for about 2 months. All I can say is the masternodes will pay much higher than POS based on the level you choose. Also masternodes will pay daily, where POS has a min 7 day wait. We are still at 35% POS until block 90k. The whole point of this is to encourage people to purchase enough fly to setup a masternode or two or more. This increases buy pressure and increases the price. Just spoke with Griffith, and it sounds like he has a basic working multipool that will payout in fly. I beleive its in Alpha stage right now. So Im not sure how long it will be before we can test it. It will payout in fly. Vegas |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: FLYCOIN ANN with POSP ON YOBIT & Bleu Trade. POS 35%. Only 200k coins. RARE!
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on: September 07, 2016, 04:59:41 PM
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im not sure u understand how POS Masternode system work
the masternode colateral is not able to POS itself
also all POS masternode coins i know use static POS rewards not per anno block rewards
means that ur desired yearly inflation is split by the amount of blocks generated in a year and thats the static blockreward for POS
and thus blockreward is reduced by the masternode share which is going to be send to the masternode
a multitier masternode system might work too
then its like a lucky POS block for the POS minter if a low tier masternode got his block because then the POS guy able keep more of the reward
so as example if u run 5 min blocktime thats
365x24x12 = 105120 blocks a year
if u want a low inflation of like 35% a year and we have 200000 coins now
then we need following static blockreward
200000*0.35 / 105120 = 0.6659 FLY each block
(u can leave that value active endless the yearly inflation will decrease by itself
because u rollout coins in same speed but total amount of coins is more and more so inflation is less and less)
and now u can split each block that between the POS minter and the masternode
and remove lucky block at all it just disturbe flat calculated coin rollout
the luck in this case is if the masternode who is assigned to ur POS block is a low or high tier one
at a low tier masternode there is more reward for the POS minter
i would set the tier levels
tier1 ( 500fly) masternode get 8%
tier2 (1000fly) masternode get 20%
tier3 (2000fly) masternode get 44%
tier4 (5000fly )masternode get 90%
of POS reward
sound low for tier1
but consider u might masternode a block each day
while u can only POS with 7 days min age
if u use ur coins to POS or to masternode is a dynamic question
if there many coins locked in masternodes it might be even better to compete for POS blocks
but u have to adjust ur coin pile size to optimal size based on the POS competition
a static POS engine means the goal is to find as many blocks as possible
so we would have more small coin piles more competition for POS blocks and a healthy POS difficulty
just my 2c
use what u find usefull vegas
I will certainly need assistance structuring the masternodes. Like Ive stated before I have done nothing with Masternodes, and have a very basic understanding of them. My goal is to have the masternodes almost always payout higher than POS. So, Cryptonit when the time comes, i would like to hire your expertise to structure something like this, so most of the benefits go to the masternodes to cause buy pressure in the market. First there is still a 100 fly bounty for someone to find a dev that can complete a multitier masternode. Vegas |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: FLYCOIN ANN with POSP ON YOBIT & Bleu Trade. Only 200k coins. RARE!
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on: September 06, 2016, 09:23:58 PM
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So I wanted to explain the 10% POS rate. Some of you may feel that the rate might be too low and detract investors. The 10% rate stabilizes the price. The next stage is to build a multipool to fund our next development stages. After the multipool, a 4 tier masternode will be added. These numbers are a rough draft and Im still tweaking them, so I welcome feedback.
500 fly collateral 5% of POS
1000 fly collateral 10% of POS
2000 fly collateral 15% of POS
5000 fly collateral 25% of POS
These numbers will change, as I need to sit down, and have it make more sense. In essence for those of you that dont know, for example when you setup a masternode of say 5000 fly, then youll receive 25% of the entire POS system and split that 25% with others that share that same masternode level. I know these numbers are off, and I need to sit down and calculate it to really make sense. But I just wanted to make an example to show you what our next step will be after the multipool.
Vegas
I sort of like the idea, but I only have 92FLY so kinds of sucks for me, to get any further now will be really hard or really expensive  Hi Crunk. That is the whole reason for doing this. Lowering the POS and making the POS rate dependent on masternodes, causes not only people to buy, but also to hold to get the benefits of the masternodes (MUCH higher rewards). So prices will go higher, and the dumping will slow. So, my advice is there is still time. Slowly collect a bit of fly as you can. Vegas I get what your trying to do, and I like the idea but it seems only to reward the people that have a lot of FLY. I bought in ages ago for a small amount as i liked the POS rewards, ive kept my wallet staking and supporting the chain and slowly building, I was hoping to get to the 100FLY to get my bonus but then that changed, and now the POS is going down. I fail to see how you can entice new FLY users when as I see it you need to be buying 500+ just to get a start. I liked the idea of the supper block but alas I never found one. I fear this is now a coin for the rich and I'm afraid that isn't me I simply cant afford to buy 407FLY to even get any where near where i would need to be. I'm not having a go mind, Ive enjoyed FLY and as such have stuck up for you and the coin on several occasions so please don't think I'm moaning, I'm just going to find it out of my reach now Crunk there are loads of ways to earn fly. As you see above we badly need an expert in coding masternodes. There is always ways to earn fly, so I wouldnt throw in the towel yet. The other reason for lowering the POS, is coins that have a high POS that is 50% and above , if not lowered with destroy the price. There becomes so many coins out there that they become worthless. Much like the US dollar, because they keep on printing it, it is worth less daily. Fly was always meant to be rare, and always will be. The masternodes wont start until probably 2-3 months from now. A multi-tier masternode has never been done before, so this is going to take some time. We dont even have a dev that can do it yet. My advice is buy a little each week, and dump your short term junk coins. Fly will hold its value because it wont inflate. In fact it will only rise in value as I continue to add features such as time lock, and/or hodl and more. So, trust me when I tell you, a high pos is not good for long term, because they all end up at the same price. Fly is one of a tiny amount of coins that has value after 1 year. Its because I have put mechanisms in place to slow inflation. Now I need to add features that have value. So, you dont need 500 fly right this second. Wealth is built slowly over many years. Years from now , when people are sick of all the short term "new dev" scam coins, they will flock to fly, because they know its a safe place. They also will know that the value will continue to climb because of very slow inflation and the constant addition of nice features. The other way to earn fly soon is by mining it. Griffith has started work on our multipool that pays out in fly. We will support the following algos Scrypt,Sha-256,X13. Is there another algo that we need? Also crunk we pay nice bounties to anyone that can get us wallet compiling work. Just look through the altcoin announcements and if you see a coin that does not have a certain wallet, PM the OP and send them a link to our wallet compiling service. https://bitcointalk.org/index.php?topic=1483690.0
Vegas |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: FLYCOIN ANN with POSP ON YOBIT & Bleu Trade. V2.4. Only 200k coins. RARE!
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on: September 06, 2016, 08:55:04 PM
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So I wanted to explain the 10% POS rate. Some of you may feel that the rate might be too low and detract investors. The 10% rate stabilizes the price. The next stage is to build a multipool to fund our next development stages. After the multipool, a 4 tier masternode will be added. These numbers are a rough draft and Im still tweaking them, so I welcome feedback.
500 fly collateral 5% of POS
1000 fly collateral 10% of POS
2000 fly collateral 15% of POS
5000 fly collateral 25% of POS
These numbers will change, as I need to sit down, and have it make more sense. In essence for those of you that dont know, for example when you setup a masternode of say 5000 fly, then youll receive 25% of the entire POS system and split that 25% with others that share that same masternode level. I know these numbers are off, and I need to sit down and calculate it to really make sense. But I just wanted to make an example to show you what our next step will be after the multipool.
Vegas
I sort of like the idea, but I only have 92FLY so kinds of sucks for me, to get any further now will be really hard or really expensive Hi Crunk. That is the whole reason for doing this. Lowering the POS and making the POS rate dependent on masternodes, causes not only people to buy, but also to hold to get the benefits of the masternodes (MUCH higher rewards). So prices will go higher, and the dumping will slow. So, my advice is there is still time. Slowly collect a bit of fly as you can. I would buy sooner , than later, because the POS is 35% right now but in a couple of weeks, it will drop to 10%. This is at block 90k. Griffith is not an expert on Masternodes, and hasnt done any work with masternodes. So he advised me to find someone else that is much more experienced with Masternodes. So to my knowledge nobody has created a multi-tier masternode system. Im announcing a 100 fly reward to someone that can find a dev that actually completes this.
Vegas |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: FLYCOIN ANN with POSP ON YOBIT & Bleu Trade. Only 200k coins. RARE!
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on: September 06, 2016, 06:40:26 PM
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So I wanted to explain the 10% POS rate. Some of you may feel that the rate might be too low and detract investors. The 10% rate stabilizes the price. The next stage is to build a multipool to fund our next development stages. After the multipool, a 4 tier masternode will be added. These numbers are a rough draft and Im still tweaking them, so I welcome feedback.
500 fly collateral 5% of POS
1000 fly collateral 10% of POS
2000 fly collateral 15% of POS
5000 fly collateral 25% of POS
These numbers will change, as I need to sit down, and have it make more sense. In essence for those of you that dont know, for example when you setup a masternode of say 5000 fly, then youll receive 25% of the entire POS system and split that 25% with others that share that same masternode level. I know these numbers are off, and I need to sit down and calculate it to really make sense. But I just wanted to make an example to show you what our next step will be after the multipool.
Vegas
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: FLYCOIN ANN with POSP ON YOBIT & Bleu Trade. V2.4. Only 200k coins. RARE!
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on: September 06, 2016, 07:46:21 AM
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Fly coin V2.4 released!! Upgrade asap. Change log: Raised probability to 4x on Superblocks
Changed Max age to 90 days
POS rate 10% to slow inflation, and offer much higher rates using masternodes to be implemented soon
Zapwallettxes command now fixed
Note: POS % change will not take effect until block 90k. It might be a very good idea to buy more now while the % is high
Ive spoken to Griffith, our next step is actually a multipool that pays out in fly. This will fund the large expense of our future projects such as multi-tier masternodes, and dash Side chain. Vegas |
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