Well I would like to get some feedback on this. If someone stakes 1 fly now , then that will stake 25 fly at a 50x jackpot, or 10 FLY at a 20x jackpot. So, this will give the little guys a chance on every stake to get fly that would normally be out of reach. But I need to get opinions about this soon as we are coding the big change that creates free withdrawals for all.

Vegas

So now our coding is moving at a rapid rate, would be the time to discuss some changes you guys would like to see. Even though some of you have never seen a superblock, I can assure you they are real and active and in the code. So this is just an idea I want to throw out there:

We could substantially raise the chance of superblocks in sacrifice of a lower POS.

So currently our superblock system looks like this:

1% chance of 2x multiplier
0.8% chance of 3x multiplier
0.18% chance of 5x multiplier
0.018% chance of 10x multiplier
0.0002% chance of 20x multiplier

If the majority of users wanted to drop the POS rate down to 25% , we could make our superblock system look like this:

25% chance of 2x multiplier
10% chance of 3x multiplier
5 % chance of 5x multiplier
3 % chance of 10x multiplier
1% chance of 20x multiplier
.25% chance of a 50x multiplier

So this would be kind of a built in lotto system. Fly already has special graphics in the transaction box that clearly will show that you have hit a superblock and what "X" amount it was.
For example if you typically stake 1 coin, and you hit a 20X multiplier , youll get 20 FLY instead of 1.

So let me hear your thoughts. If you want we can lower the POS rate a bit more and raise the chance % much higher. This would make the system VERY dependent on the superblock system. These are just ideas.

Vegas

Mark, the antidump fees are staying. This prevents the dumping. What we are debating is the fees on the staking.

Vegas

Thank you Groggin. It kind of is that way anyway, because the largest holders can create blocks of 200-400 fly to stake, which in turn will be taxed higher or even if the larger holders make smaller blocks , we will stake more frequently and pay more in fees. My plan has been all along is to shape this coin into a long term "hold coin" , that benefits those that hold and stake, and I intentionally made it very difficult to day trade. Every coin can be day traded, so I wanted to create a coin that is different and unique, and reward holders that have the patience to hold for about 2 years. The rewards of fly are NOT immediate. The plan is to stake coins for approx 2 years and during that time add new and exciting features to keep interest and prices climbing. Then at about the 2 year mark initiate a plan to slowly deflate the balance of those that want to sell their main balance. In short , the holders get all the benefits.

Vegas

Guys I have lowered the price on the high yield wallets. PM me if interested.

New prices as follows:

Platinum wallet: 300% per year cost 2BTC .ONLY 1 will be available to the public at the cost of 2 btc.
Gold wallet yields 250% per year. A total of 5 will be available to the public at the cost of 1.2 btc each
Silver wallet yields 225% per year. A total of 10 silver wallets will be available to the public. Cost 1 BTC each

So the POS cut wont happen for a few weeks, so you can benefit greatly now, and even after the cut, youll have an advantage.

PM me if interested.

Vegas

Great to see you Crestington!!!!

Best wishes

Vegas

So this weekend , will be very big for FLY. We should have a new wallet that exempts all from withdrawal fees. Also I have removed the "stake to self" fee, and changed " stake to exchange fee to 20% that goes to Superfly. I will also give details and the address of our website that only accepts FLY as payment. The website is in beta format, but it will give you a very good idea what we are doing. So good things are coming. Also I changed the pos min stake time to 9 days. This is NOT a bad thing, as it will keep inflation in check, and when prices rise on my announcement then they will stay there. I want to keep inflation as low as possible. Currently there are only 187k fly, not counting what has been burned.

Vegas

Really, you shouldnt be sending from your savings addy to exchange. Because then its considered a normal sending, which has the most harsh fees. If you plan on selling, always point your savings to the exchange address directly, and not your internal savings addy. Logically sellers should be asking 20% more for the coin under these conditions which keeps prices high. As Ive stated before I want this to be a coin to hold long term around 2 years. So I want to reward those that stay with it that long. Then I will restructure the coin to allow people to slowly deflate their balance without crashing the market.

Vegas

So this weekend I be announcing a major project that we have been working on for weeks. It involves a website where you can buy things. The website is not entirely complete , so it will be in beta format. But it will give you guys a real good idea the direction we are heading with fly and its real world usage that will be very unique and badly needed by the crypto community.


Other POSSIBLE changes if the community agrees:

The "stake to self" fee will be removed. Now when we do this it will 1/2 the amount that it sent to superfly. So as a thought if the community agrees:

1. Stake to self (no fees) AND
2. Stake to exchange (15% -20% fee to superfly)

Because Superfly rewards will have to be lowered if we keep "stake to exchange" at only 10% or superfly will run out of funds. So this needs to be discussed with the community.

From the beginning fly has always rewarded long term holders, and the dumpers have paid the most fees, so this is not new. 

FLY is a VERY long term coin. So for those of you that stake to self and dont sell, voting yes to this option will benefit you the most. You will pay nothing in, and if you qualify for superfly rewards, you will get those rewards. If you constantly sell, youll probably vote against this. As ive said many many times in the past a couple of years down the road, there will be a gentle exit strategy to sell your main balance.  But I would like to hear feedback on this idea. There is plenty of time to discuss this.

Vegas

Also, if the trading goes stagnant , then we can always increase the POS % again. But this first change wont be immediate, we might be looking at a few weeks from now. So my advice is grab all you can while your pos rate is still high.

Vegas

Fly is a VERY long project that is ever changing. FLY is VERY cheap to buy at the moment, probably the cheapest youll ever see. So now would be a great time to put in those buy orders. After our major changes are announced the price will go way up as Fly will have a real world use.

https://www.cryptopia.co.nz/Exchange?market=FLY_BTC

Vegas

We are making decent volume on Yobit. There is lots of activity on the buy and sell side. This indicates we are very close to its true value. It might be time to 1/2 the pos rate across the board and possibly add another day or two of min stake time. If we continue to inflate at a high rate it will become worthless very quickly. For most users it will still be 100% per year, which is quite a handsome return. Please let me hear your thoughts.

Vegas

There are actually 2 projects we are working on for fly. The first is dev Griffith is working on getting everyone with free withdrawals, and is actually in the testing stages. As far as XDEII, it will be a bit before we update it. The first part of XDEII is complete for now, and we have not worked on it since the last release v1.3. All of our attention is on FLY at this moment.

Here is absolute proof FLY is still in development https://github.com/Greg-Griffith/Fly-coin

Vegas

Guys I have not forgot the superfly rewards. I will be distributing them in a few hours.

Vegas

Guys the price on the buy side is very low. Those poeople who are trying to hurt our price are selling at crazy low prices. My advice is put in a buy orders now.

Vegas

New wallet released with even more exotic graphics. Enjoy: www.bitcoinlasvegas.net/files/XDE2Coin-qt_v1.3.rar

Vegas

Guys I checked all of our wallets again, and none of us are selling. So that means the same clowns are manipulating the market. My strongest advice is dont get suckered in to lowering your bid. What they are doing is buying from us and selling at VERY low prices. My advice, pull back all your orders to .34 BTC and make them pay that price to dump into the buy side at .04btc. If we ALL do this, they wont be able to do this for long.

Vegas

Yes should be within 48 hours.

Vegas

Ok I sent out 8 FLY from superfly rewards to all of those who qualified.

Thank you for supporting FLY!!

Vegas

Ok fancy padlock just for Binmon. I still have a ton of work to do on the graphics, so its not even close to finished. You might need to press F5 if the new lock doesnt show.



Vegas