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1607
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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: August 15, 2016, 04:41:53 PM
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... SNIP ...
But, I look over the past few days and there is no vol on Yobit. NOT 1 COIN traded!! I thought for sure when I went to extreme lengths to prove the integrity of fly that we would have a big and active community, and this is not the case. So, Ive done the right thing over and over and over again, and 1 year later, there is no movement on the exchange. So, Ill be honest, I dont know why. Perhaps someone would be kind enough to explain why. In my mind, there is no safer place to put your money.
Vegas
Sorry Vegas & Team FLY, I was one of the ones helping to keep the volume moving on YObit, but I got annoyed with the troll coins crap going on, on YObit and lost interest trading on the site, and pretty much used up my float buying up FLY. YObit finally put there foot down on the troll / spam coins, so I may head back to YObit for trading. MM, you have been an amazing supporter of FLY, please pm me your addy, so I can reward you for your dedication to the fly project. Vegas |
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1608
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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: August 14, 2016, 06:21:12 PM
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I just wanted to post some thoughts. First, Im excited to continue adding features that bring value to fly.
Everyone asks "what is the purpose of fly?". I think they are hinting that some sort of new technology should be added, or things should be able to be purchased with fly. When I had been in crypto for about 1.5 years, I had the same experience that many of you had. The scam coins, the lies, the empty promises, the bagholding, the stolen coins. The reason I created fly is a safehaven where people could store their funds and generate a handsome interest rate and feel safe with their investment. That is the true purpose of fly. The day it launched I swore to uphold the integrity of fly. I have gone to enormous lengths to ensure not one person has ever lost even 1 fly coin. I have paid out to users over and over and over again, should they have lost coins of any amount large or small. I can easily fill this page with names and situations where I have stood up and made so many wrongs right, when I had nothing to gain, and everything to lose. I have poured enormous amounts of my money and ONLY my money into the development of fly. No one else paid the developers but me over the past 12 months. I did an amazing job at keeping inflation in check. We added only 50,000 coins in 12 months at 50% pos. But, I look over the past few days and there is no vol on Yobit. NOT 1 COIN traded!! I thought for sure when I went to extreme lengths to prove the integrity of fly that we would have a big and active community, and this is not the case. So, Ive done the right thing over and over and over again, and 1 year later, there is no movement on the exchange. So, Ill be honest, I dont know why. Perhaps someone would be kind enough to explain why. In my mind, there is no safer place to put your money.
Vegas
Whatever happened with the multipool mining idea? The problem I see is we have this exclusive coin that only a few have. The few of us that purchased the coin have taken such a loss that I know I have personally lost around $2500 USD from my initial value. I am on the sideline staking waiting for something to make Fly different from all of the other altcoins out there. The only reason I joined Fly was because of your (vegasguy's) passion. However, passion alone is not going to make people want to buy Flycoin. There has to be something unique about it! Vegas - you are a business owner - what makes your businesses different than your competition's? Do you believe that your uniqueness has led to your success? I think if you apply something unique to Flycoin then the people will come! Think of it instead of cloning a coin rather inventing something! Ok let me address some specifics: Multipool: I have asked many devs if they can build us a multipool. I sent a PM to Jimmy that owns Scryptpool.com as I have spoken to him many times, and he is a real good guy. Some of his servers went down, so it sounds like he could use the money right now. Havent heard back yet. Griffith: was going to build the multipool, and then moved to another state to take another job, and doesnt have anything setup to code right now. It sounds like about a week before he will be setup again. So if someone knows of someone that can build a multipool, I have the backend servers and a private fiber optic network, I just need it coded. As far as uniqueness goes, what made fly unique was the "Antidump" system. That ended up being a "double edged sword". Yes, it provided safety from dumpage, and it also caused MAJOR technical headaches that in the end, it HAD to be removed. So, it does prove that I can be very creative. I have loads of ideas, the problem , is if my idea is so far out there, people might think "ohh here we go again, with more crashing wallets". So, I need to be very careful about what extreme new technologies I implement. So, thats why I am asking you guys what technologies you like in other coins, that are proven already , so we can look at them and adopt them. To focus on fly, I sold off all my other coins, so I dont follow all the coins like I was. I know many of you do. Thats why I need to jumpstart a discussion. So far Vcash is looking good. A very scaled down version of HODL and timelock is possible too. Ultimately, What I want to do is take all of your favorite technologies from the different coins, and roll them into one. Imagine a "swiss army knife" of coins. It has POSP, it has Vcash, and HODL, and Timelock, a built in chat system in the wallet, with real time prices in wallet. You can choose what you want to do with the wallet. It will take YEARS of work, and that is ok, as fly is at least a 10 year project at a min. But where I am struggling is I need to know what technology is popular so I can add it. Please post, it only takes a few seconds. I think what drove some people away is the troubles with the anti-dump system. I dont blame them. It will take time to restore that trust , and the word to get out that the fly wallet is working flawless. XDE2 was very controversial, and now I see, that was an erroneous choice on my part. But, XDE2 does exist, and I made a promise to continue development on that too, and I will. Fortunately, I do have the time for both. Fly ALWAYS being the primary. Lesson learned. I Also got a PM from a long time fly user that told me the blunt truth. He was not cruel, but brutally honest. He told me that taking over XDE2 caused damage to my reputation , as I had stated fly would be my only coin. So, as hard as that was to hear, I sent a PM back thanking him. So if your not comfortable posting here, then please send a pm to me. But posting on the thread is better to jumpstart a discussion. In about a week when Griffith is setup to code , we will start coding again. Griffith has confirmed we CAN update the core of fly AND add all of these technologies WITHOUT a swap  Meanwhile lets talk about ideas. Thank you for your time. Vegas |
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1609
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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: August 14, 2016, 02:02:51 AM
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I just wanted to post some thoughts. First, Im excited to continue adding features that bring value to fly.
Everyone asks "what is the purpose of fly?". I think they are hinting that some sort of new technology should be added, or things should be able to be purchased with fly. When I had been in crypto for about 1.5 years, I had the same experience that many of you had. The scam coins, the lies, the empty promises, the bagholding, the stolen coins. The reason I created fly is a safehaven where people could store their funds and generate a handsome interest rate and feel safe with their investment. That is the true purpose of fly. The day it launched I swore to uphold the integrity of fly. I have gone to enormous lengths to ensure not one person has ever lost even 1 fly coin. I have paid out to users over and over and over again, should they have lost coins of any amount large or small. I can easily fill this page with names and situations where I have stood up and made so many wrongs right, when I had nothing to gain, and everything to lose. I have poured enormous amounts of my money and ONLY my money into the development of fly. No one else paid the developers but me over the past 12 months. I did an amazing job at keeping inflation in check. We added only 50,000 coins in 12 months at 50% pos. But, I look over the past few days and there is no vol on Yobit. NOT 1 COIN traded!! I thought for sure when I went to extreme lengths to prove the integrity of fly that we would have a big and active community, and this is not the case. So, Ive done the right thing over and over and over again, and 1 year later, there is no movement on the exchange. So, Ill be honest, I dont know why. Perhaps someone would be kind enough to explain why. In my mind, there is no safer place to put your money.
Vegas
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1610
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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: August 13, 2016, 08:29:50 PM
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some random thoughts
while we're configuring our 'master plan', why not some discussion about other features that might be explored, like anon send/receive, encrypted messaging, perhaps some kind of 'accounting' tab in the wallet where you might record what went where and why ...
otoh, sometimes it's just cool to be cool and see where the waves will take you, but i think as a community we really need to determine what the ultimate fly money supply will ever be, otherwise it is impossible to generate meaningful numbers for PoS, paid nodes, etc
the vcash system constantly probes the nodes for ping times, uptime and other params, only the best have a chance for a prize, makes for a very slick network
Im strongly looking over Vcash. I want to fully understand it. I think anon send/receive is so "80's". However encrypted messaging and a chat system built into the wallet, seems like a great idea to tighten the community. The additional idea I had, and this is a "pre-alpha" idea in my head, is to change the POS rewards based on the market. So if its dumping , the POS rewards are much lower, but if prices are going up , then the POS rewards go up (with a cap of say 20-25% course). If this can be done, then I already know there will be those trying to fool the system, so it will have to be constantly tweaked. Again, its simply an idea. Vegas Update: I just looked over Vcash, and its very messy and confusing. The dev hardly posts. He has a horrible trust rating. This is an idea, and simply an idea, rebrand to "Vegas coin". I would promote to the gambling sites that I do not own or control to adopt the coin. I simply update the coin and promote it, but would not ever have a gambling site that I own. If you guys like this idea, then I would begin talks again with the original starter of Vegas coin. What do you guys think? Vegas Hrmmm - I think your read is way off on John Connor - he is a genius when it comes to coding and is passionate about Vcash. I think the information you found is based on btc talk forum - he despises BTC talk so my guess is you won't find much useful information on him here. He primarly uses IRC, and the Vcash forums for communication. Just to give you a heads up. I have been with him for about three years now and he is consistent and always does what he says he will do. You should give Vcash another look. Keep in mind it is very technical so my guess is you would need some serious dev understanding to incorporate what he is doing. I am not technical with programming so I can't talk to the point too much. I just know what John Connor makes - works! Hands down - no issues at all. Pokey I trust you 100%. So, I might need to hire him , if thats the route we go. I also highly trust Groggin. Anyone else like Vcash? Please give details on why Vcash is so great? Would it go well with a rebrand to Vegas coin? Vegas |
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1612
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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: August 13, 2016, 06:49:22 PM
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some random thoughts
while we're configuring our 'master plan', why not some discussion about other features that might be explored, like anon send/receive, encrypted messaging, perhaps some kind of 'accounting' tab in the wallet where you might record what went where and why ...
otoh, sometimes it's just cool to be cool and see where the waves will take you, but i think as a community we really need to determine what the ultimate fly money supply will ever be, otherwise it is impossible to generate meaningful numbers for PoS, paid nodes, etc
the vcash system constantly probes the nodes for ping times, uptime and other params, only the best have a chance for a prize, makes for a very slick network
Im strongly looking over Vcash. I want to fully understand it. I think anon send/receive is so "80's". However encrypted messaging and a chat system built into the wallet, seems like a great idea to tighten the community. The additional idea I had, and this is a "pre-alpha" idea in my head, is to change the POS rewards based on the market. So if its dumping , the POS rewards are much lower, but if prices are going up , then the POS rewards go up (with a cap of say 20-25% course). If this can be done, then I already know there will be those trying to fool the system, so it will have to be constantly tweaked. Again, its simply an idea. Vegas Update: I just looked over Vcash, and its very messy and confusing. The dev hardly posts. He has a horrible trust rating. This is an idea, and simply an idea, rebrand to "Vegas coin". I would promote to the gambling sites that I do not own or control to adopt the coin. I simply update the coin and promote it, but would not ever have a gambling site that I own. If you guys like this idea, then I would begin talks again with the original starter of Vegas coin. What do you guys think? Vegas |
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1614
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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: August 10, 2016, 06:29:20 PM
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I didn't create a full worksheet like the DASH Masternode ROI calculation but here is a quick model for FLY: From the Top 100 List I took the balances above 1000 FLY. - Potentially 179 Masternodes could be afforded
- I am assuming a 50% adoption rate at start = 88 Masternodes
Total Coin Supply: 217759.5572 Minus Masternodes: 88000.0000 -------------------------------------- Avail. Staking Coins:129759.5572 If Staking perfectly at 35%, total staking coin (not compounded): 45415.8500 FLY per annum If 40% distributed among Masternodes: 206.4357 FLY per annum Staking the 1000 FLY (not compounded): 350.0000 FLY per annum There are two important multipliers not included: 1) Wallet Staking Success: My guess about 75% So real return for average wallet is 35% * 0.75 = 26.25% That will trikle down to the Masternodes and reduce their payouts as well. 2) Number of Staking Wallets (at any given time): Probably 80-90% but never 100% Conclusion: Everyone and their dog who can afford a Masternode will try to run one in the beginning, but over the course of a couple months the number will be around 20 Masternodes. At that small number the Masternode owners will make slightly better than staking, but hardly enough to cover the extra cost and time of running one. The two factors that help make FLY what it is today, is what hinders it in expanding into the more fluid market. FLY is a long term holding coin with a low coin supply. Masternodes operate better in a larger coin supply with coins moving to market, be it trade purchases or exchange markets. But this just means that the Masternodes you create today will operate in a smaller market, and it will take time for FLY to monetize itself on the markets to its true value. The value of FLY will be based on its strength as a long term coin, and to be successful long term, you need a solid network of wallets, and Masternodes help solidify the network. So Masternodes are not a bad move at this point, they will add value to the future of FLY. Thank you MM, very helpful information. Im sure its possible to make the masternodes worth their value by raising the rewards. I welcome suggestions. Vegas |
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1616
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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: August 08, 2016, 08:38:37 PM
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First let me say, I am no expert on masternodes. But it sounds like there are a lot of factors to consider. The problem with a 1000 fly being the cost of a masternode is theoretically this would allow for 200 masternodes. I wonder if it is possible to have different levels of masternodes, with different rewards? Anyone heard of this? I need to speak with Griffith and see if this is possible.
@Midnightminer. You seem to be very adept at understanding masternodes. Ill be honest, I have hardly done much with them. I would like your advice on numbers. If anyone else is very knowledgeable about masternodes, then please post ideas.
Vegas
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1618
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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: August 06, 2016, 03:57:49 AM
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First , thank you for your guys feedback. It truly matters what your opinion is. The way I see fly in the future is a wallet of many things. Options galore. I think Masternodes is a great idea, and we can start implementing it next week. For those of you that dont know, the reason you would invest more into a masternode is because you would actually get more rewards from the entire POS system. If you look at Dash for example their masternode system takes 40% of the POS and then divides that among the masternode holders depending on how many masternodes each person owns. 500 fly for a masternode could be too easy to obtain. I want people to stretch and buy fly for higher rewards. I would appreciate others to chime in and give their opinion on what they think a masternode should cost. Keep in mind, if we set it at 1000 fly for a masternode, and there are those that want them bad enough, they will pay higher prices to get that masternode. So the fact there is not enough to go around is a good thing. Supply and demand. Thats why my gut says, set it high (at 1000 fly) , so there is always buy pressure. Sellers that got in early will make nice profits as people will be placing buy orders to get their masternodes, or go to the buy side (thus raising prices)
Vegas
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1619
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: XDE II. 100% POSP!! ** CRITICAL UPDATE TO V1.69 NOW **!!!
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on: August 05, 2016, 07:10:59 PM
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I keep a close eye on the money supply. Currently there is only 6500 coins. 2500 of them is in the community wallet. So that only leaves about 4000 coins to the general public. Yobit is showing signs of some activity. At this rate, its an attractive return, and we can enjoy 100% POS for at least a few months without much inflation. The next update im already working on. It will include a larger resolution of 1280x800 and much larger icons , so the graphics can be truly appreciated. We will also add superblocks with special icons that will clearly be displayed in the transaction box.
Vegas
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1620
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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: August 05, 2016, 06:58:05 PM
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After Griffith looked over everything, he tells me that a core update AND adding masternodes will NOT require a coin swap. So Im going to ask him to move forward. Looks like masternodes will be at the cost of 1000 fly (Unless you guys want to go higher). I would like to see them cost 2000 fly to keep them rare. Its still early, so let me know.
Vegas
Nice. I'm looking forward to running a Master Node. I was one of the three votes that voted for Master Nodes. 1000 FLY is fine with me. 2000 FLY is also OK but that does make is harder to get into a FLY Master Node. Keep up the good work! Thats what we need to discuss is the price of a masternode. 1000 Fly would allow more people to get in and would add buy pressure. 2000 could cause more people to buy that amount to get masternodes and cause heavy buy pressure, some may not even try to reach that far. So heres were I need some feedback. What should the price of a masternode of fly cost? Vegas |
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