Dude! You rock. Thanks. Ill send more after I stake next. |
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If I invest 1 BTC in TEK and get at least 30% per month, then I get 23 BTC after one year? Or may be it is some mistake?
Gotta love compound interest!. Even if you get 10% per month, and let it compound for a year you would end up with more then 3 times your initial investment. Beats the hell out of the .1 % you get in your savings account. Point of interest: when doing your compound interest formula, remember that the balance only compounds 12 times per year, and that your interest rate is 12 times the monthly rate. I folks really understood TEKs potential upside, it would be a very popular coin! |
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There ya go, the guy with the bootstrap  Thank you, I was/am aware of the bootstrap. I have a bit of time before I stake so elected not to use it. I am far more concerned about the issue of the blockchain size. If there is a way to address this, it would be an interesting way of differentiating ourselves from all the other coins. I am not a coder, so cannot speak to the challenges involved, but some intrepid and creative person could possibly do something here to make TEK so special that...Moon baby!!!! Anyhoo, the journey continues. |
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hi  am busy right now, but will endeavour to build a new mac wallet in next day or so. if i forget feel free to PM me  or if there's any reason why i shouldn't, feel free to PM me as well. i will see a PM. i mightn't notice a post here .. great news! i know we have a couple of people that really need this one. I'm one of them. I am currently running Windblows 10 in Virtualbox on my mac so I can use the new wallet. Am currently syncing...Slowly..... Just a suggestion, in the next update, can we truncate the blockchain so we don't have to have the whole thing? a year of microstaking has made this a monster. Times this by a half a dozen coins, and...well... how in the world are we ever going to convince folks that crypto is anything more then a PITA?? |
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First, don't panic. Panic causes more problems than it solves.....
Awe come on Biomech! I find that panic, waving of arms and screaming like a little girl is quite satisfying! You should try it.
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TEKcoin will keep staking every 30 days. blocks will restart the 30 day timer once they stake. you can shut down again for 30 days until the next round.
No mac or linux wallet? are they in the works? or are those of us who despise Windoze s.o.l.?? |
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Happy Easter fellow TEK-heads! Hope you enjoy your day, and may you be blessed and happy!
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What's up with the new wallet? The first time i get a security alert because of tekcoin!  It says Tekcoin-qt.exe containing the pattern of "HEUR/APC (Cloud)" Is the new wallet safe? it may not be safe, but it is good. |
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The apr % is rising steady by the day. Microstaking is getting cleaned up and the code is tight, the time is now for promotion. Come join the troll boxes and tell them what you like about TEKcoin. I am on Yobit chat daily doing some promo we could use a cryptopia cheerleader as well ( i was banned ). I am going to start running the banner adds again and push once more for Bittrex. I think we are setup quite nicely right now for a big comeback. Apr going down now  And now up again :-) |
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Repair wallet does not fix my sync problem , I'm been left Behind GAP grows bigger Everyday now @2200 blocks
I had that happen once. I had to delete the block chain from my wallet and re-sync. Goes a lot faster if you use a bootstrap. I did resync, but it's not working, I think I'll wait for the fork to complete first , thinking of selling my pile 120,000++ any takers , inbox your offer At current prices on YoBit, that is .3648 btc. You could just sell them there.... |
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Repair wallet does not fix my sync problem , I'm been left Behind GAP grows bigger Everyday now @2200 blocks
I had that happen once. I had to delete the block chain from my wallet and re-sync. Goes a lot faster if you use a bootstrap. |
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Everything will be fine, the dev will fix it and price will continue to rise.
Says who Give Thundertoe and Noise some time. They are on this! |
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A new wallet? Hardfork around the corner? Great news! I'm guessing we'll have to sync to the new blockchain, right? If you were already running tekcoin, I only updated my wallet with the 2.4.0.0 version and it was good to go, a complete redownload of the blockchain was not necessary. As long as you update before the hard fork on april 6th, you're good.  new mac and linux wallets coming? |
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back to PoS mining after a 3 month hiatus.
Sad about Crypsty. Would be nice to see this coin on Bittrex.
I agree, My understanding is that they wish to see some consistent market volume. The .1BTC per day thing is not going to cut it. |
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I predict TEKcoin is going to make a huge comeback. in the day of instamined today and gone tomorrow coins, TEKcoin will continue to stand the test of time.
We have been testing some adds on target markets driving traffic at the TEKcoin website. We also updated the SEO for TEKcoin.org . Yobit code giveaways reset on a timer there as well on a random basis right now.
Holly crap! What are you a Profit? Have you seen TEK on YOBIT in the last 15 hours? Say it again O swami!!! |
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Nice lively discussion, which makes me feel like there is a dedicated community out there. Glad to see folks actually care about the coin.
The interest rate does not really matter. As has been said, as far as stability goes, Bitmaster and his micro-staking cadre are keeping inflation down. I remember watching price drop while folks sold stake. At one point price dropped briefly to 50ish sats. A high diff right now is keeping the price up. So the high diff/low percentage is not the problem.
The problem is that Bitmaster and company can turn off their wallets containing the micro-stakes, lower diff, and stake their large holding anytime they want to. We are left either staking when diff is high (which would not bother me if someone wasn't controlling the stake) Or...watching the diff level and guessing when the diff-o-matic has been shut off so we can stake when the cheater(s) do.
The other frustration? Sorry to throw you under the buss Thundertoe...I have great respect for you and what you have done for the coin. You have been kind enough to answer my pm's. I gotta say though, talking to you is bit like listening to Allen Greenspan, former Federal Reserve chairman. Vague is the rule of the day. Changes are coming, but damned if you will give a hint as to what they are and when we can expect them. I don't know if this strategy is intentional, or if you are just the worst communicator on the planet.
I read back in old post where you were trying to pass the baton if you will, to another DEV. Speaking for myself, that is not what we are asking, just throw the dog a bone already!
All this discussion is nice, but at the end of the day....What can we expect, and does the community really have any say?
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Why do so many think a high pos diff is such a big deal? I think it’s the only instrument TEK has against out of control inflation. Forget about the micro stakers. They are not the problem. Inflation is, if you look a little further down the road...
It's true - compounding interest always becomes a problem a little (up to a lot) further down the road for everybody that accumulates: for those that already have lots now it is already a problem, for others with less now it will become a problem a little later, and for those with very little it will become a problem quite a bit later, but it will definitely become a problem for all. Maybe reverse the interest so those with least stake highest % and let it slide lower as holdings become more and of course those with the most let them stake at a minimum % That is about the most ridiculous suggestion I have heard to date. To combat that bit of socialism, larger holders would simply break their holding into a crap load of small holding. Brilliant. While we do this, lets up the unemployment benefit, expand welfare, create universal healthcare, give out free cellphone to the poor, and pay for it all by taking that minimum stake from the folks with the largest TEK holding. We should have them shot too. Why, sir, are you implying that Socialism doesn't work? That those who work and plan an save to accumulate wealth are WRONG?? How dare you! Shit, I can't even type that with a straight face  I suspect whale holders will not waste time with managing myriad of micro wallets staking micro amounts compared to whale amounts in single wallets. Also I'm not suggesting work, plan and save is wrong - to the contrary, I'm suggesting to make it worthwhile for the micro guy, he a needs a boost. The whale is still going to roll around in all his TEK. Let me illustrate my point: Micro guy has 100 TEK and he can stake let's say 40% after 30 days Whale has 1 000 000 and he may stake let's say 1% after 30 days 100 x 40% = 40 (140) 1 000 000 x 1% = 10 000 (1 010 000) 140 x 40% = 56 (196) 1 010 000 x 1% = 10 100 (1 020 100) 196 x 40% = 78.4 (274.4) 1 020 100 x 1% = 10 201 (1 030 301) 274.4 x 40% = 109.76 (384.16) 1 030 301 x 1% = 10 303.01 (1 040 604.01) 384.16 x 40% = 153.664 (537.824) 1 040 604.01 x 1% = 10 406.0401 (1 051 010.0501) 537.824 x 40% = 215.1296 (752.9536) 1 051 010.0501 x 1% = 10 510.1 (1 061 520.15) As you can see the micro guy with the much needed 40% interest managed to get his 100 TEK up to 752.95 which is quite a nice figure for the micro guy - he feels empowered and ready to rock the boat. As for the whale, look at his nice gain over 6 months - a whopping 61 520.15 The whale will not feel left behind with his gains at all, but best of all NO runaway inflation to cripple TEK in the long run. No all of us have 1mil in Tek , we are the middle class , stuck with the micro stakers , and the guy behind this have more than just getting ahead of the pack . They are many Pos coins now , what's if the point was to drive ppl away from this coin , from the dump going on , I would say quite a few already change ships! So we are all on the same page. 1,000,000 sounds like a lot right? well... Mister middle class.... it represents a whopping 2 bitcoin. Which is about 800 bucks american. Yes, I am a whale, I have... more then a million. But am I middle class? Hmm. It seems to me, I don't smoke at 5 bucks a pack, I don't drink 5 buck Lattes, I brew my own beer, so the money I save buys alts. Between having some foresight, sacrificing and staking, I am where I am at. Tell me again why the cig smoking, latte drinking late comer should get the higher return? I have said repeatedly, I AM OPEN TO A LOWER PERCENTAGE TO SAVE THE COIN. But not so some 90 cent investor can make headway on me. We take the hit across the board. All of us, or I am out. Believe me when I say you don't want me to dump. ( and I really don't want to.) You mention a current dump? I must have missed it. We have been holding a pretty steady 200 Sat. Not great, and certainly not the 4000+ sat we realized before the Crapsy incident. Our late comers did not have to suffer though the 900% devaluation. Any chance they want to donate to us less fortunate? Why at Zero, they are WAY ahead of me for sure! So that dumb idea behind us, any more suggestions? Lets keep it somewhat intellectual or do we need to change the coin name to O'BumerTEK? |
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Why do so many think a high pos diff is such a big deal? I think it’s the only instrument TEK has against out of control inflation. Forget about the micro stakers. They are not the problem. Inflation is, if you look a little further down the road...
It's true - compounding interest always becomes a problem a little (up to a lot) further down the road for everybody that accumulates: for those that already have lots now it is already a problem, for others with less now it will become a problem a little later, and for those with very little it will become a problem quite a bit later, but it will definitely become a problem for all. Maybe reverse the interest so those with least stake highest % and let it slide lower as holdings become more and of course those with the most let them stake at a minimum % That is about the most ridiculous suggestion I have heard to date. To combat that bit of socialism, larger holders would simply break their holding into a crap load of small holding. Brilliant. While we do this, lets up the unemployment benefit, expand welfare, create universal healthcare, give out free cellphone to the poor, and pay for it all by taking that minimum stake from the folks with the largest TEK holding. We should have them shot too. |
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Why do so many think a high pos diff is such a big deal? I think it’s the only instrument TEK has against out of control inflation. Forget about the micro stakers. They are not the problem. Inflation is, if you look a little further down the road...
If you have been following this, its not the fact that diff is high that is the problem. If diff were responding to natural market conditions, the coin would be doing exactly as it is supposed to. The problem is that folk(s) are artificially rising difficulty, and dropping diff when they want to stake. This give them, the micro-stakers, an unfair advantage. We goal is to even the playing field, not necessarily raise the stake percentage. I don’t believe anyone who has thought it through is in favor of having the diff so low that we experience runaway inflation due to coin saturation. Nor are we interested in have a select few able to stake at high rates while the rest of us suck hind tit. The coin is awesome, we have acknowledged that there is a problem, and wish to see it addressed. As Biomech is so fond of saying, TEK is an old coin. I agree it has been around and has stood the test of time. It is time to fix any limitations it may have and move into the next phase of it’s existence. |
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Again, I don't want runaway inflation, but I also don't want Bitmaster, or whomever else is micro-staking to be the only ones who can get a decent return on their investment because they have figured out a way to game the coin.
I think that difficulty is a mistake. It is something that is user controllable. If we are going to have a sliding scale for interest, it should be attached to something that folks cannot monkey with.
Or, just flat rate the coin and be done.
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