OLD FLY THREAD

[dukeneptun]

I would say, Vegas has some friends (ironical)

I don't get what you trying to say here. Do you mean his friends dumped coins and price came down to less than 1 mBtc?

[1715197587]

1715197587

[1715197587]

1715197587

[vegasguy]

Guys whats happening is the miners are dumping. The good news is its me, thats catching all the dumping. I dont want these coins in the wrong hands were they will get dumped. My initial plan was to set a market price for the community and have everyone stick with it, problem is miners will sell at any price. So Im buying everything they are dumping and holding them for years. Im going to reset the price to sell at when pow is over.

Vegas

[Crestington]

POW is 30 days at 0.5 Coins for 21600 Blocks, first POS Blocks after 1 week so total POW Coins are probably in the range of 7000-8000 Coins.

As disclosure, I do not have any POW mining hardware except if I were to CPU mine, Vegas asked me for some help with the setup of the code and I said he could just pay me whatever and he sent me about 40k CON.

[vegasguy]

POW is 30 days at 0.5 Coins for 21600 Blocks, first POS Blocks after 1 week so total POW Coins are probably in the range of 7000-8000 Coins.

As disclosure, I do not have any POW mining hardware except if I were to CPU mine, Vegas asked me for some help with the setup of the code and I said he could just pay me whatever and he sent me about 40k CON.

I appreciate your help Crestington. You were a big help. I appreciate all youve done and your support.

Vegas

[vegasguy]

My plan was to make this a very small community. I was hoping the largest holders would be people I know and trust, that wont dump it cheap and disrespect the coins price. Its looking like that might happen. With  trusted community members that have the highest holdings we can set the price high. The miners are dumping into my buy wall, and they will never see those coins again. The whole point of this coin is to be only in the hands of a few trusted members that will decide the price and stick with it. Right now with the mining farms thats not possible , so Ill just buy everything they dump and hold them for years, and sell off small amounts of my POS rewards at a very high price. When mining is over, Ill set up a slack channel to discuss strategies. I want this coin as scarce as possible. Im going to make sure I have as much fly coin as I can, NOT because of greed of Ego, but the reason is control of the price. I want to know the the other investors that hold large amounts will not sell cheap. I want this to be the one coin where the holders set the price, and very little is sold on the exchanges. I might even do an OTC to the people I know and Trust.


Vegas

[Crestington]

My plan was to make this a very small community. I was hoping the largest holders would be people I know and trust, that wont dump it cheap and disrespect the coins price. Its looking like that might happen. With  trusted community members that have the highest holdings we can set the price high. The miners are dumping into my buy wall, and they will never see those coins again. The whole point of this coin is to be only in the hands of a few trusted members that will decide the price and stick with it. Right now with the mining farms thats not possible , so Ill just buy everything they dump and hold them for years, and sell off small amounts of my POS rewards at a very high price. When mining is over, Ill set up a slack channel to discuss strategies. I want this coin as scarce as possible. Im going to make sure I have as much fly coin as I can, NOT because of greed of Ego, but the reason is control of the price. I want to know the the other investors that hold large amounts will not sell cheap. I want this to be the one coin where the holders set the price, and very little is sold on the exchanges. I might even do an OTC to the people I know and Trust.


Vegas

Exchanges want/need volume to continue to list a Coin, I think it may be better to let the market have free rein and to possibly have the price quite low and create a solid buywall or somewhat fixed price that people are able to sell when needed.

[Woody20285]

I agree with Crestington. If there is a market maker - like stocks -
liquidity can be provided buying up low sells and selling back to market
when there is strong demand.

I'm in - have 73 of these puppies so far

[Woody20285]

Miners - keep dumping

[vegasguy]

I have a linux compiled wallet I will release tomorrow. Looking into mac wallet if there is a demand.

Vegas

[Woody20285]

Article on Flycoin (Fly) Updated!
Great job Vegas - your the man.
See updated article here http://wp.me/p5obbM-Gw
and send the link to your friends so they can join the upcoming fun!

[vegasguy]

Gorgeous article woody!!!!

Thank you!!!

[metamorphin]

I'm still a bit confused:

Ratio is the same percentage that you hold in Ros coin

How do we figure out what percentage we hold?  And is ratio = number of coins, or % against total supply?

For example, how much FLY would one get upon swapping 10,000 Ros?

Ok..here is the way it works.

On September 16th 2015 at 6am, the swap closes.
I count the total number of Ros submitted. Lets say its 30 Million ROS.
I then calculate the percentage of ROS that was turned in by each person.
Lets say you turned in 3 million ROS, that is 10% of the total ROS submitted
The total fly is 150,000
You would get the same percentage in FLY, 10%. 10% of 150,000 is 15,000 fly coins.

Hope this answers your question.

Vegas

I've sent u my bunch of roscoins.
Hope I wont regret my investment in you

meta

[Crestington]

I have a linux compiled wallet I will release tomorrow. Looking into mac wallet if there is a demand.

Vegas

Might as well get it built so that you can entice the Mac users.

You can see the links in the chatwindow.ui

Here is an example of changing the forums link https://github.com/Crestington/PayCon/commit/cc9a025c9cdeba5ee4638aa49a249716932e8c97

You will need to get the wallets recompiled in order to change the links.

[vegasguy]

Ya, Im going to do that after the swap. I want large portions of FLY in the hands of a few trusted investors. I think It would be a good idea to sell off only the POS rewards and hold the base amount. This way we can get nice rewards and exchange them for BTC while still holding most of the coins.


Vegas

[vegasguy]

For those of you that want to monitor my FLY address and watch me purchase the dumps. Here is my my addy: FNcVD1aUpaaJBsqiuyLvbtS4TaJ3HaoBjN .I check multiple times a day and make sure I am the highest bid, and I already put up a 1 btc buy wall as well, to prevent the price from falling.

Youll see it grow everyday. Not for the purpose of greed , but for the purpose of control. If a few members hold all the coins, we control the price.

Vegas

[vegasguy]

We have crowned a new king!! Metamorphin with 10,000,000 coins, now give that crown back Greg

Vegas

[vegasguy]

Ive got some more ideas. I am considering this. I am thinking of implementing a bonus once a month of a few thousand fly divided between the top 5 holders to not sell any funds from their wallets. Just a thought.

Vegas

[breakcoindev]

We have crowned a new king!! Metamorphin with 10,000,000 coins, now give that crown back Greg

Vegas

Now I'm sad
I wanted to be the first

[skish85]

Good pow, thanks Dev

[vegasguy]

Ive worked very hard, and gave this my heart and soul. I give trust , were trust is received. If youve been in Crypto long enough, youve been burned by a run away dev many times over. We all have. I used my one and only account with 2000+ posts. Im retired and 44 years old, and I will be active in this thread EVERY DAY!!! I will also post here EVERY DAY, for the next few years, and I will not miss one day without posting, if I dont post here one day, Im dead. Everyone will be asking "so whats do different about FLY coin". Its serious , hardcore , dedicated long lasting investment without tricks, or scams. But there will be lots of exciting  surprises that will reward those that respect the price of the coin.

For those of you monitoring my wallet, I sent 50 FLY to gregofdoom/breakcoin dev for all his work on our graphics. I asked him for his ltc or BTC address and he refused and said the graphics are donated. I already had his FLY address , so he couldnt say no

I want to "set the new standard in crypto". It will cause all the bullshit "newbie devs" to to wonder how to get around a senior member that is dedicated to the coin. I want to try to end the scams with newbie devs in crypto and set the bar VERY high for anyone that tries to create a new coin.

We all need to work as one, if we dont , it will fail. If we do, FLY will be legendary!

Vegas