OLD FLY THREAD

[kampretkabur]

someone is dumping?

[metamorphin]

someone is dumping?

wait after FLY-distribution before speculating and speaking about price. I would say, this is now the best opportunity!

Greetz

[kampretkabur]

someone is dumping?

wait after FLY-distribution before speculating and speaking about price. I would say, this is now the best opportunity!

Greetz

im still mining it, though its kinda hard to find cheap rigs to rent

[vegasguy]

someone is dumping?

I hope they do.. Ive got a buy wall up to buy about 300 FLY at 300,000 sats

Vegas

[yussuf89]

Global Hashrate: 4028.39 MH/s wow!
I hope it will be added to new exchanges like Bittrex, crypsty.

[vegasguy]

It will. We need to prove high vol to get on Bittrex. I want to keep this under the radar until the swap is over, to keep large amounts in the hands of a few.

[vegasguy]

New rule in effect: You are allowed to send a second batch of Ros before the swap closes on Sept 16th 2017. The second batch of Ros must be atleast 1 million Ros.

Thanks

[vegasguy]

We have crowned a new king, now gimme that crown!! 

Vegas

[metamorphin]

New rule in effect: You are allowed to send a second batch of Ros before the swap closes on Sept 16th 2017. The second batch of Ros must be atleast 1 million Ros.

Thanks

For understanding: Its not allowed to send more than 1 mill ros in the second batch?

[metamorphin]

New rule in effect: You are allowed to send a second batch of Ros before the swap closes on Sept 16th 2017. The second batch of Ros must be atleast 1 million Ros.

Thanks

For understanding: Its not allowed to send more than 1 mill ros in the second batch?

Ops I've read it right now...min 1 mio ros...thanks for this great opportunity...I will buy more

[vegasguy]

Ya a few people wanted to get a second batch after the results were updated, and I understand that. I want it this way. Large batches of fly in the hands of a few.

Vegas

[vegasguy]

So the miners are dumping it down. It must be the miners as it is not available anywhere but mining. So for now, Im going to let them dump the price as low as they want. When POW is over then Im going to buy this back up at the price we all decide. It will be cheap coins for all of us on the buy back up, and the price will stay there.  For now Im still buying the mining dumps so they dont end up in the wrong hands.

Vegas

[vegasguy]

Posted our new motto at the top of the OP. Hope you guys like it. it says" FLYCOIN, in the hands of a trusted few"

Vegas

[metamorphin]

So the miners are dumping it down. It must be the miners as it is not available anywhere but mining. So for now, Im going to let them dump the price as low as they want. When POW is over then Im going to buy this back up at the price we all decide. It will be cheap coins for all of us on the buy back up, and the price will stay there.  For now Im still buying the mining dumps so they dont end up in the wrong hands.

Vegas

Thats absolutely crazy....I cannot believe it, that these kind of devs still exists...Vegas, if u do it right, u r my man

[vegasguy]

So the miners are dumping it down. It must be the miners as it is not available anywhere but mining. So for now, Im going to let them dump the price as low as they want. When POW is over then Im going to buy this back up at the price we all decide. It will be cheap coins for all of us on the buy back up, and the price will stay there.  For now Im still buying the mining dumps so they dont end up in the wrong hands.

Vegas

Thats absolutely crazy....I cannot believe it, that these kind of devs still exists...Vegas, if u do it right, u r my man

Ohh I will. In my 20 years investing, Ive always made lots of money. Im not good at too many things , but business and investing and IT/Computers, ohh and crypto ..hehhee www.bitcoinlasvegas.net is my site.

Still buying mining dumps, my wallet is up to 567 FLY ..LOL , and they are staying with me FNcVD1aUpaaJBsqiuyLvbtS4TaJ3HaoBjN

Pow has generated 1546 coins, Ive bought 610 coins, (sent 50 to greg for graphics), so Ive bought about 40% of the mining coins in existence. LOL

See there are a lot of talented graphic designers and coin devs. They make nice grpahics and make cool looking wallets, I cant do either. My skills are in money, and investing and economics and cryto. So the devs make the wallets, and stop. They dont know what to do and how to move it forward and be a leader, so they run. Ive been a leader all my life. A leader of self. I prove it and others follow. Its the natural order of things. I want to keep this under the radar until the swap ends, to have the least amount of people in the group. Once mining is over and things settle down, we will "sit at the table" and discuss a plan to lock a high price and keep it there

Few more secrets revealed. I purposefully made the original OP look like shit. This was to detract attention. I did not want loads of people investing , so I left it looking stupid and cheap until the moment was right. The attention on this coin is still low and I want it that way until atleast the swap is over.

Im sticking with 1 exchange until the mining is over. The BIG changes will start once POW is over. This coin wont have cutting edge features, or a super fancy wallet. The coins value is based on a small community of investors that will hold their coins, and make the buyers pay a VERY high price. My plan is to ask everyone to sell off a small amount of their POS rewards. Selling to much to others will give them the control to dump, and kill our price.


Vegas

[Woody20285]

Still 7 Million+ of Ros on Bittrex. 4 Million
between 38 Sat and 44 Sat.

The almost 3 Million sells over 70 Sat may have forgotten
it's up there or are hoping for a last minute windfall.

[vegasguy]

I have a strange feeling there will be a rush on the last few hours.

Vegas

[Crestington]

About 4.5 days into the POW from 30 days.

So for POW you will get exactly 360 Coins for the first 7 days before POS begins. Once POS begins, it generally accounts for approximately 50% of the Blocks but lets say it is a bit on the low end and the average is 30% of the Blocks as POS levels out.

360 * 7 = 2,520

(360 * 0.7) * 21 = 5,292

So if POS is on average 30% of the Blocks during the POS stage then the total POW Coins would be 7900 Coins, if on average it is 50% of the Blocks then it would be 6300 Coins so if we err on the higher side the estimate would be 7000-8000 Coins during POW or approximately 5% of the total supply.

Of course, you should also be splitting up those Blocks from the 150K so you have enough Blocks to cover the minimum Stake period of 7 days which is about 5000 Blocks. If not enough total Blocks to Stake, you will get a higher amount of POW Blocks because there isn't enough eligible Blocks to Stake.

Hope this helps a bit with understanding the inflation rates.

[vegasguy]

About 4.5 days into the POW from 30 days.

So for POW you will get exactly 360 Coins for the first 7 days before POS begins. Once POS begins, it generally accounts for approximately 50% of the Blocks but lets say it is a bit on the low end and the average is 30% of the Blocks as POS levels out.

360 * 7 = 2,520

(360 * 0.7) * 21 = 5,292

So if POS is on average 30% of the Blocks during the POS stage then the total POW Coins would be 7900 Coins, if on average it is 50% of the Blocks then it would be 6300 Coins so if we err on the higher side the estimate would be 7000-8000 Coins during POW or approximately 5% of the total supply.

Of course, you should also be splitting up those Blocks from the 150K so you have enough Blocks to cover the minimum Stake period of 7 days which is about 5000 Blocks. If not enough total Blocks to Stake, you will get a higher amount of POW Blocks because there isn't enough eligible Blocks to Stake.

Hope this helps a bit with understanding the inflation rates.

The minute the swap closes, Im going to calculate who gets what and post the percentages on the OP. As I am expecting a small group Im going to advise everyone to use the split block feature and devide their coins into 500-2000 coin blocks to keep the chain moving. As we are a small group and there is a 7 day min stake age, we need to have loads of small blocks to keep chain moving and to stifle the supply of pow.

Vegas

[vegasguy]

About 4.5 days into the POW from 30 days.

So for POW you will get exactly 360 Coins for the first 7 days before POS begins. Once POS begins, it generally accounts for approximately 50% of the Blocks but lets say it is a bit on the low end and the average is 30% of the Blocks as POS levels out.

360 * 7 = 2,520

(360 * 0.7) * 21 = 5,292

So if POS is on average 30% of the Blocks during the POS stage then the total POW Coins would be 7900 Coins, if on average it is 50% of the Blocks then it would be 6300 Coins so if we err on the higher side the estimate would be 7000-8000 Coins during POW or approximately 5% of the total supply.

Of course, you should also be splitting up those Blocks from the 150K so you have enough Blocks to cover the minimum Stake period of 7 days which is about 5000 Blocks. If not enough total Blocks to Stake, you will get a higher amount of POW Blocks because there isn't enough eligible Blocks to Stake.

Hope this helps a bit with understanding the inflation rates.

To try to limit the pow rewards and have the POS get the most rewards, what size block would you recommend 5000 coin blocks?

Vegas