OLD FLY THREAD

[tekyboy]

guys my smaller size blocks are not getting mature its more than 7 days age of them as per wallet, any suggestion?

[groggin]

guys my smaller size blocks are not getting mature its more than 7 days age of them as per wallet, any suggestion?

Min Stake age: 7 days, Max stake age 28 days

smaller blks will need more time to accumulate significant weight

[Woody20285]

I have hit a coin block of  8 , a couple 10's & 20's but mostly 40 and
higher are hitting much quicker as weight builds faster after minimum
7 days. Basically a block of 40 gains weight 8x faster than block of 5

[presstab]

guys my smaller size blocks are not getting mature its more than 7 days age of them as per wallet, any suggestion?

Two factors here:
1) Weight is equal to age minus minimum stake age. Then multiply this by the size of the coin block.
2) Weight is an integer. So if you have a block of 0.5, it will have 0 weight until 9 days.

[vegasguy]

Hey Presstab did we leave superblocks in the last build? I dont think anyone has hit one, but then the chances are low and its early.

Vegas

[kevin1234a]

guys my smaller size blocks are not getting mature its more than 7 days age of them as per wallet, any suggestion?

Two factors here:
1) Weight is equal to age minus minimum stake age. Then multiply this by the size of the coin block.
2) Weight is an integer. So if you have a block of 0.5, it will have 0 weight until 9 days.

i was wondering too that why some little ones are not entering in maturity age
thanks presstab for giving this formula and other to clarifying and provide their info

[Woody20285]

The next 3 days we should see smaller coin blocks hitting
while the larger coin blocks are still waiting the 7 days to be
eligible again.

As one of the larger holders, I will follow Vegas' example and
lock my wallet to allow other to stake the next 3 days.

[vegasguy]

So top 3 holders have our wallets locked, to allow smaller holders to get POS coins. Teamwork & Respect for others at its finest

Vegas

[vegasguy]

So, Im looking at Yobit, there are less than 700 Fly coins total remaining. I think this number will become less and less and price will become higher as pow draws near to a close. This is what is meant to happen. It was what was planned. It is what makes FLY unique. When Pow is over, then the supply will become very very scarce. I just wanted to point this out while its still possible to get FLY at a decent price. I dont want anyone upset, and I want to be open and honest about what will happen in the very near future. Its nothing I will do on my end, its just what was planned, and its still not too late to buy FLY just under 200k sats. For those of you on the sidelines still waiting for it to get cheaper, when pow ends, the supply will dry up, and people will begin to buy the small bits left on Yobit driving the price up. My private sales are based on the sell side and then discounted 10%-20% depending on how much you buy. Ive lowered the min to 1 BTC , so most people can get in. Just wanted to caution everyone , that the price in a month from now will be ridiculous and most people wont be able to get in and wish they had. Its the law of supply and demand, and it works everytime.

Vegas

[vegasguy]

Some more important facts:

1. Coin was launched only 21 days ago, and its in the top 5 highest priced coins on Yobit , even if you include BTC and LTC
2. The Swap happened only 14 days ago and market cap is very stable.
3. Less than 1 BTC to take it well over 300,000k
4. Once POW ends price will begin to rise as the top holders are all in alliance not to dump or even sell their base amount, sales from the top holders MUST only come from POS rewards and top holders will slowly trickle their pos rewards to Yobit and sell them off. The exception is myself. My goal is to bring the Richlist into balance, by selling off enough much of my supply to bring the richlist into balance. I bought most of the coins, not for the purpose of greed, but as a safe holding place so they would not fall in the wrong hands and get dumped by people that just dont care. I dont want most of the coins and my goal is to see more of an even spread on the Richlist.
5. Wallet was completed and polished and updated and maintained by Presstab.

Vegas

[Woody20285]

For the next 3 months, I have decided to lock my wallet 3 days every week
 to share the stakes as much as possible. I have hundreds of blocks that are
ready to stake but, I have been the small holder in other coins and got very
few stakes. (Recently sold off several coins for that reason - I want you to
stay in fly).

If you see my walllet open Mon. through Wed., it's probably because I'm old
and forgetful. If I forget, remind me and it will be closed.

Happy staking!

[presstab]

Hey Presstab did we leave superblocks in the last build? I dont think anyone has hit one, but then the chances are low and its early.

Vegas

The superblocks are still in the code. It is extremely unlikely that one will get hit at this point. It needs to be a block of at least 25000 coins, and then on top of that there is supposed to be something like a 5% chance of getting the bonus. So it would take many tries.

[Woody20285]

Hey Presstab did we leave superblocks in the last build? I dont think anyone has hit one, but then the chances are low and its early.

Vegas

The superblocks are still in the code. It is extremely unlikely that one will get hit at this point. It needs to be a block of at least 25000 coins, and then on top of that there is supposed to be something like a 5% chance of getting the bonus. So it would take many tries.

If it needs to be a block of 25,000 coins, that means almost 0 chance since, as the #3 holder
I don't even have 25,000 coins. If I did, they sure wouldn't be in 1 block. Scratch that off the bucket list,

[vegasguy]

Well, I think when I said min 25,000 coins I meant the holder must hold atleast 25,000 coins to be eligible. Might need your services again Presstab..LOL. I want to lower the min eligible amount by a lot to only 2500 total balance. I didnt realize the richlist would be so imbalanced, and Im working on bringing it more into balance and seeking other investors. But for now, Is there a way to do a wallet check for balance, and then instead of being a flat rate, make it a 2x 5x or 10X reward, keeping the same % probabilities. This possible Presstab?

Also Presstab, Woody and I are not able to get the Multisend to function correctly. We want all of our POS rewards to go to another internal wallet address , to keep that separate and this is our "sell fund". Im going to setup multisend again and reenable and do unlock my wallet and see if the POS funds go to my "sell funds" wallet address. Maybe its something we are doing wrong.

Update: setup multisend again to send 100% stake rewards to my pos rewards wallet, and it just sends it back to my main wallet. I believe Woody had the same result.

Vegas

[presstab]

To add a total balance check, each and every node would have to keep an index of every addresses balances. This would basically mean a built in block explorer to the wallet. This is something I have in fact built, but I have kept private only for the use of myself and my block explorer services. I don't intend to sell this code or make it public.

MultiSend appears to be functional, but remember that it sends not on the coinstake transaction, but after the stake has been confirmed. This is Crestington's port of multisend, and I believe he tested it and it was working but I am not positive.

[vegasguy]

Ok I setup multisend again, and activated it. Then I unlocked my wallet and it staked. Just waiting for it to mature. So maybe on the next update we can change the structure of the superblocks and remove the min stake block of 25,000 completely, so everyone has a chance. The other option is because you are a highly trusted member remove the source code, and add in the built in block explorer to do the check for min balance.

Vegas

[groggin]

Woody and I are not able to get the Multisend to function correctly. We want all of our POS rewards to go to another internal wallet address , to keep that separate and this is our "sell fund". Im going to setup multisend again and reenable and do unlock my wallet and see if the POS funds go to my "sell funds" wallet address. Maybe its something we are doing wrong.

 simple solution: temporarily rename the wallet.dat to something like wallet.dat.main, and start the wallet. a new wallet.dat will be generated. go to the recieve tab in the empty wallet, and label that addy as 'stake'. copy-paste <address> into notepad. close the wallet, (make sure it is closed) and rename the new wallet.dat to wallet.dat.stake, and rename your original back to wallet.dat. use the addy you copied in multisend, and you've done it  

sounds like a terrible lot of trouble, but it's really very easy once you get into the swing of it  

[presstab]

Ok I setup multisend again, and activated it. Then I unlocked my wallet and it staked. Just waiting for it to mature. So maybe on the next update we can change the structure of the superblocks and remove the min stake block of 25,000 completely, so everyone has a chance. The other option is because you are a highly trusted member remove the source code, and add in the built in block explorer to do the check for min balance.

Vegas

It needs to be all open source or else its not very manageable. For example other services (like exchanges) would need a closed source compilation from me. Might be better to think of another way to structure the super block.

[szenekonzept]

Ok I setup multisend again, and activated it. Then I unlocked my wallet and it staked. Just waiting for it to mature. So maybe on the next update we can change the structure of the superblocks and remove the min stake block of 25,000 completely, so everyone has a chance. The other option is because you are a highly trusted member remove the source code, and add in the built in block explorer to do the check for min balance.

Vegas

It needs to be all open source or else its not very manageable. For example other services (like exchanges) would need a closed source compilation from me. Might be better to think of another way to structure the super block.

100% agree
open source is one of the major features to ensure freedom in crypto.
In my opinion closed source is never an option.

Matthias


.

[vegasguy]

Just weighing my options. Agreed "Open source" is the bloodline of crypto. Anyway I messaged Presstab as its confirmed Multisend is not functioning, and superblocks needs some tweaking so its available to everyone, and there is no min wallet balance. So just waiting to hear back from Presstab.

Vegas