OLD FLY THREAD

[vegasguy]

Here is the proof. You see Ill teach you something you dont know, and thats the basics of this forum. See, this is called an "unmoderated thread". What that means is I cannot delete anyone's posts but my own. So, if your posts are getting deleted , it means you have caught the attention of a moderator. I can tell you for an absolute fact, that is the first step before perma-ban. That is their way of warning you, and that they are monitoring your posts. So the wheels are already in motion. So just keep doing what your doing

Vegas

[Argon18]

Yeah , Yeah ,
Whatever

i leave ya to enjoy ya coin, cause i beat ya,

ya lost ya cool and went all psycho dev.  

and ya threats left me unfazed , remember that.

Nothin else for me here.

AG18 has left the Forum ===================>>>>>>>>>>>>>>>>>>>>>>>

[Woody20285]

Yeah , Yeah ,
Whatever

i leave ya to enjoy ya coin, cause i beat ya,
ya lost ya cool and went all psycho dev.  
and ya threats left me unfazed , remember that.

Nothin else for me here.
AG18 has left the Forum ===================>>>>>>>>>>>>>>>>

How very odd... and sad.
Oh Well... Movin' on - Lots of very cool stuff in the pipeline.

[kiklo]

Guys I know you hate updates , but there were some minor things that needed to be polished , so another update will be coming in next 24 hrs.

So what this means in anyone that wants a withdrawal exemption should PM Keesdewit ASAP at https://bitcointalk.org/index.php?action=profile;u=390370

Added command line argument zapwallettxes

Drop connections to older versions on new fork time
Show fee to user when sending coins
Added checkpoint for block 40665
Fix for splitblock function
Send 10% of staking reward to superfly
Autoburn small part of funds sent to superfly (to keep inflation down, and prices high)
revised fee structure

Question is Send 10% of staking reward to superfly optional or automatic?

Thanks.
 

[xProphet]

A friendly reminder to use this magic button to solve all troll problems

[pokeytex]

A friendly reminder to use this magic button to solve all troll problems

+1000 fookin percent! "pardon my french!"

[vegasguy]

Nahh hes done. Hes an idiot if he comes back, and he knows it. He is dangerously close to a permaban.

Vegas

[vegasguy]

Guys I know you hate updates , but there were some minor things that needed to be polished , so another update will be coming in next 24 hrs.

So what this means in anyone that wants a withdrawal exemption should PM Keesdewit ASAP at https://bitcointalk.org/index.php?action=profile;u=390370

Added command line argument zapwallettxes

Drop connections to older versions on new fork time
Show fee to user when sending coins
Added checkpoint for block 40665
Fix for splitblock function
Send 10% of staking reward to superfly
Autoburn small part of funds sent to superfly (to keep inflation down, and prices high)
revised fee structure

Question is Send 10% of staking reward to superfly optional or automatic?

Thanks.
 

This is going to require a lengthy explanation, and Im crappy in the morning. Give me an hour to wake up and Ill write details so there is no confusion.
Vegas

[vegasguy]

A friendly reminder to use this magic button to solve all troll problems

+1000 fookin percent! "pardon my french!"

I got a better idea , wrap him so fucking tight , he cant move... WINNER!

Not the first idiot to find out the hard way about me, wont be the last.

Vegas

[vegasguy]

Guys I know you hate updates , but there were some minor things that needed to be polished , so another update will be coming in next 24 hrs.

So what this means in anyone that wants a withdrawal exemption should PM Keesdewit ASAP at https://bitcointalk.org/index.php?action=profile;u=390370

Added command line argument zapwallettxes

Drop connections to older versions on new fork time
Show fee to user when sending coins
Added checkpoint for block 40665
Fix for splitblock function
Send 10% of staking reward to superfly
Autoburn small part of funds sent to superfly (to keep inflation down, and prices high)
revised fee structure

Question is Send 10% of staking reward to superfly optional or automatic?

Thanks.
 

Kiklo, sir you should be on Team FLY and join us in slack. You are the only one that saw this. Nice eye for detail!!!

Ok heres the deal:

Whats happening is when we created the tx table, I wanted to relax the fees on the low end of the table. My thought process was that people sending 1-2 fly really dont have much , so their rate is 1%-2%  so send 1-2 fly. The thought had crossed my mind that people with 400-500 fly would never sit there all day and send 1-2 fly every few min, well I was wrong.

See superfly transactions: http://fly.dnsalias.com/address/FUvpVUAnEf9u4JPmVWymhV5o1BEvMQBcyP

See those Tiny Transactions?

So we restructured the table in the next update. So probably now there will be a whole lot less being transacted, which is good for the price of fly , and bad for the funding of Superfly.

One of the main attractions is Superfly. Superfly has not paid out in 2 weeks. This is not because I have forgot. Its because it cant. Plain and simple. There is not enough.

Implementing a mandatory 10% on all stakes on all staking to anything everywhere that get sent to superfly will start funding superfly again which we badly need for so many reasons as its the engine of FLY, and MUST be constantly funded.

Now once superfly is funded correctly, this 10% will drop way down to a much lesser % as needed.

Now before everyone starts getting upset, this will benefit ALL of you, and  "the rich" will pay the most in by far, and get NOTHING in return. Here is why:

"The rich" is anyone holding more than 5000 FLY. We are EXEMPT from superfly rewards by choice. However we stake more than anyone else because of our large balance.

Example: I can EASILY stake 100 FLY A DAY because I have the highest balance. So at least 10 FLY a day I will be funding to superfly, and get NOTHING in return. There are 4 more holders that will stake about the same and get nothing back. So the RICH pay the most and get nothing in return. It CANNOT be more fair than that.

Take example your typical FLY holder that can stake 2 fly a day. He/she will pay .2 fly a day to superfly vs the Rich pay 10 FLY a day EACH and get nothing back.

Also about 1.5 years ago I retired to study Crypto. I lived and breathed Crypto some days 10-12 hours a day and most weeks, 7 days a week. I couldnt get enough of it.
I learned what makes it "tick". I looked at many coins that failed, and studied also the ones that did well, and began to ask a lot of questions to myself.

The #1 question was "Why does a coin fail"?

So I started looking at it from so many angles, and I kept coming back to the same ugly truth, and its this:

"The DEV, makes no money". Its that simple.

See even the devs that make a simple clone coin, make NOTHING. Thats why scams are all over the place. Because all they can really do is a quick pump and dump and out. They could also do a small premine. But even premines are frowned on, so they cant even do that!! So put yourself in the devs position for a moment. You a dev you spend days coding a nice wallet, and testing and launching. You cant do a premine, because thats taboo. So you end up making NOTHING, if your honest. Why continue? So they dont. Why do amazing things like FLY, and bring you the latest and greatest technology?? They wont!

Look, the only reason why fly has the greatest technology is because I am the ONLY person paying the devs for all of this work, and its cost THOUSANDS of dollars, easily. Now I have very deep pockets , but not so great in btc because I invested it ALL in FLY to have the highest balance, that way I CANNOT let it fail.

So here is the harsh reality, if you want the most cutting edge latest and greatest technology, you have to help pay for it. If you dont, the coin is dead. PERIOD. Thats why 97% of coins fail. Why should a dev spend weeks coding and testing for NOTHING??

Whats worse is a guy like me that hires devs cannot even pay them in alt coin like fly. Devs wont accept them, and I dont balme them. If I was coding for someone else, I would want raw btc too!

So,  this is what ive came up with:

10% of ALL stakes to anywhere go into superfly from everyone.

When superfly gets big enough I can start private sales again for a deeply discounted rate. I will take the lowest BID on crytopia and deeply discount that price and make private sales for btc. The BTC will ONLY go to 1 address that will be posted on the OP. That address will ONLY send to 3 different addresses and that is the btc address of the devs. I make NOTHING from this.

So consider this insurance. As long as the devs are being paid they will stay and make fly even more awesome. So its a hard decision , but Ive said it many times. I will do EVERYTHING to protect fly and makes sure its around for years and years. Not an easy decision, but one that had to be made, as I could no longer keep up with the labor fees. So in the future this perecent will drastically fall, but superfly needs to be funded again for all of these reasons. Also this is a great opportunity for many of you to get cheaper fly than you can even find on the exchange. Private sales wont start until FLY has reached ATLEAST 3000 FLY in superfly, and I wont sell private if Superfly is below 2500.

Im open for questions and comments. Please keep them polite , and intelligent.

Thank you

Vegas

[kiklo]

Hmmm,

This is not meant to endorse or create discourse in the conversation.
Merely an observation, IMO, as others may differ.

Whether by original design or the natural sequence of events to hamper dumping ,
Fly's design is becoming a parallel of a government style tax system.

The Superfly wallet emulates the Gov authority , collecting tax , making refunds based on certain criteria, and maintaining the infrastructure by paying the devs.
The Transactions fees emulate the sales tax charged during transactions.
The 10% fee on staking emulates the income tax.

I only mention this , so you can use it to help predict future events with Fly before they occur,
By studying the percentages charged in the real world economics for sales tax and income taxes,
seeing what rates have beneficial verses negative effects, should help you optimize the Fly Fee Structure to minimize future discourse.

FYI:
There are 2 additional fee structures in Gov style systems,
Property Tax , which is a levy on property that the owner is required to pay on a periodic basis.
Fines & Penalties , which are a levy against an individual for their actions or inaction in a stated rule system.

 

[vegasguy]

Hi Kiklo, I am always open to intelligent conversation such as yours. Yes this could certainly be called a tax. I cant argue with that. These are the days when I wish I was not the one making the rules. This was voted on by Team FLY and approved. In fact , it was a heated debate, as some did not see the need for it, and so it was a long and drawn out debate, that was talked about in depth.  Now, I will also remind everyone that the rich will pay by far almost all of it to superfly and get NOTHING in return. We voted to do this to ourselves , knowing we would pay the most in, and get nothing back out. So that made it easier. I also will be lowering it when superfly is funded correctly, or if over funded then remove it.

FLY does simulate SOME of the government ways , except in reverse. The government would NEVER exempt themselves from getting bigger rewards, and I actually made this rule , nobody asked us. We exempted ourselves from superfly rewards. Also the government would NEVER choose to pay the most taxes and get NOTHING in return, we did. So yes, it simulates a democratic economy in some ways, BUT this time its reversed where the little guy will get the most rewards, and the rich will be paying the most in and getting the least back.

When you look at it, I will lose the most by far, as I will easily pay the most in "taxes", and get nothing in return, and yes, I created this rule.

So even though the little guy pays 10% in, he/she will get most or more of this back through superfly.

So when you look at it for what it is, the guy that gets screwed the most is me, and I am fine with that, as it helps the little guy, AND insures not only continued development in fly to remain the leader in technology, but it also guarantees the longevity of fly as the devs will continued to be paid. It Also opens private sales again , allowing most people to get MUCH cheaper fly through private sales.

Also in a democratic system the money belongs to the government, and taxes are for the benefit of the government , and nobody really knows how much is paid in or whats done with it.

Under my system , ANYONE can look and see how much is being collected and exactly what its used for, and NONE of it belongs to me. It belongs to the community. Its a fund to help everyone, and the day it doesnt do that, its needs to be scraped or revamped.

The way I see it, there MUST be a consistent fund to pay the developers. Its not fair that I pay thousands and thousands of dollars alone. So this system is designed to make the rich pay for almost all of it, and the less you have the less you pay, and you will get that back through superfly rewards. If you dont believe this system is needed, just look at the price of all your other coins, if they are even still alive.

I would love it if someone would track what they paid in to superfly in "taxes" and what they got back. My goal is to actually have the little guy GAIN over a period of say 1 month. Maybe someone can get real numbers.

Kiklo , thanks again for an intelligent feedback. I want to hear more intelligent feedback, good or bad. Lets talk.

Vegas

[Woody20285]

Hmmm,

This is not meant to endorse or create discourse in the conversation.
Merely an observation, IMO, as others may differ.

Whether by original design or the natural sequence of events to hamper dumping ,
Fly's design is becoming a parallel of a government style tax system.

The Superfly wallet emulates the Gov tax authority , collecting tax.
The Transactions fees emulate the sales tax charged during transactions.
The 10% fee on staking emulates the income tax.

I only mention this , so you can use it to help predict future events with Fly before they occur,
By studying the percentages charged in the real world economics for sales tax and income taxes,
seeing what rates have beneficial verses negative effects, should help you optimize the Fly Fee Structure to minimize future discourse.

----Snip----
 

Great observations and suggestions! I would add that many coins die or suspend development because the coin is not funded. The dev. dumps and walks.
Here everyone pays the Tx fees which go into the SuperFly wallet. A portion is set for development - the balance is set to come back
 to the Small holders who claim name, etc. What it does is effectively reduce the current rate from 50% to 45% which is still not
a bad stake %. but then, reward those that are holding with SuperFly rewards. Since the top holders are not eligible for SuperFly rewards
they pay into the system but do not get any FLY out. The smaller holders then get the effective 45% rate plus the bonus distributions.

This % is an initial starting point with plans to reduce the fee as the wallet development slows to periodic inprovements. Distributions
to small holders will always continue. One new feature I like is the always automatically updated bootstrap found in the Ann.

[Rexxxem]

Lol i recived a pm today informing me that one of my posts had been removed by the mods. Im just going to go ahead and assume its because it contained quotes from one of the few fudders we had around here a few weeks ago though theirs and the rest of the conversation is still there. Im actually really confused as to why that post in particular was singled out but w/e some things are best left unsaid, they say... apparently you can get caught in the cross fire while spraying trolls with the hose   

Needless to say, thank you vegas for acting on that. I can finally frequent the thread again without sifting through shit posts and read what i come here for.. carry on..

[vegasguy]

@Kiklo. I enjoy an intelligent conversation, even if the other sides does not agree.

So, I have a question.

Put yourself in my shoes for a moment. You are now an alpha male, an over achiever. You want BADLY to be the #1 cryptocoin, bar none. You quickly find out that in order to do that youll have be create the most awesome coin ever in crypto. To do that youll need 3 VERY experienced devs to work on a horribly complex code. As the months go by you watch your btc wallet balance go down and down. Soon youll be out of btc. What do you do? What is a better way?

Vegas

[vegasguy]

Lol i recived a pm today informing me that one of my posts had been removed by the mods. Im just going to go ahead and assume its because it contained quotes from one of the few fudders we had around here a few weeks ago though theirs and the rest of the conversation is still there. Im actually really confused as to why that post in particular was singled out but w/e some things are best left unsaid, they say... apparently you can get caught in the cross fire while spraying trolls with the hose  

Needless to say, thank you vegas for acting on that. I can finally frequent the thread again without sifting through shit posts and read what i come here for.. carry on..

Thanks for the compliment, but this is an "unmoderated thread". That means I cannot delete anyones post except my own. Also it says the name of the person in the email that deleted the post. If it says it was deleted by "Bitcoin", thats a very high ranking mod. If I was to guess, the fudsters brought major attention to themselves by bombing us with fud, and I think one or more got banned.

But I made it an unmoderated thread on purpose in an effort to hear everyone , even if I agreed or not. But the mods are on these guys, and watching.

Vegas

[bhokor]

In my opinion it is not possible to make the idea of team fly without a level od centralization, it is tru than devs need to eat, personally i think with the 10% tax above stake would be enough and leave the fee to the stakeholders but really it is a private coins, with his advantages and dissavantages

[vegasguy]

In my opinion it is not possible to make the idea of team fly without a level od centralization, it is tru than devs need to eat, personally i think with the 10% tax above stake would be enough and leave the fee to the stakeholders but really it is a private coins, with his advantages and dissavantages

Nicely said!! Thank you.

Also I am open to suggestions on better ways. We MUST fund the devs. I can tell you for a fact we have the best 3. The most talented. So Im open to other ideas to fund them. The community has enormous power. I dont want to upset even one person, and thats the truth. But I quickly realized why coins fail, and I have put many different counter measures in to prevent that. So everything I do, is for you guys. I get NOTHING from taxing myself , knowing I will pay the most in and nothing back out. What does that say about my agenda?

You guys will drop to 45% POS instead of 50%, and then get rewards from Superfly that will bring you back to close to 50% or more.

So Its what I can come up with right now, and it can be changed, and Im open to ideas.

Is it worth a few % of your coins to own a portion of the SAFEST and most awesome coin on the planet that will get better and better everyday, with technology that other devs cant even dream of!?!?

To me .... without a doubt!!!

Vegas

[Rexxxem]

Lol i recived a pm today informing me that one of my posts had been removed by the mods. Im just going to go ahead and assume its because it contained quotes from one of the few fudders we had around here a few weeks ago though theirs and the rest of the conversation is still there. Im actually really confused as to why that post in particular was singled out but w/e some things are best left unsaid, they say... apparently you can get caught in the cross fire while spraying trolls with the hose  

Needless to say, thank you vegas for acting on that. I can finally frequent the thread again without sifting through shit posts and read what i come here for.. carry on..

Thanks for the compliment, but this is an "unmoderated thread". That means I cannot delete anyones post except my own. Also it says the name of the person in the email that deleted the post. If it says it was deleted by "Bitcoin", thats a very high ranking mod. If I was to guess, the fudsters brought major attention to themselves by bombing us with fud, and I think one or more got banned.

But I made it an unmoderated thread on purpose in an effort to hear everyone , even if I agreed or not. But the mods are on these guys, and watching.

Vegas

Yeah I'm aware of the thread being unmoderated.  It was a bitcointalk mod that removed the post. I thanked you because i figured you reported them..  that was more along the lines of harassment than trolling..

[HiggsBosunBlues]

Is it worth a few % of your coins to own a portion of the SAFEST and most awesome coin on the planet that will get better and better everyday, with technology that other devs cant even dream of!?!?

To me .... without a doubt!!!

Vegas

Hi,

I strongly agree that it is absolutely worth it and I am ok with contributing 10% of my rewards to the development costs. This is a long term coin that I intend to come out well in front with. However, I must admit I am concerned about the ever changing purpose of the superfly wallet. Not because I will ever stand to gain anything from it personally. I am simply not active enough online to qualify for a weekly payout. Its not why I invested in FLY but its why many others might.

I look at fly as an investment that pays me every seven days in funds that I can put up for sale, the fees and rules in place ensure I dont dump my holdings or that I cannot really do anything with the coin but increase my capital amount, which entitles me to a bigger payment every week.

I think there should be some clarity around the superfly wallet and how it distributes funds. Apart from my planned use for FLY mentioned above, this is still one of the biggest selling points for this coin as a means of gaining new investors. It should be a major selling point and people need to understand how its going to work if they are expected to invest with confidence. Id guess that like me, most small holders will not qualify for weekly payments but if they do, what portion of the funds are attributed to 'small holders' and how do people qualify? What portion goes to the private sales, what is used for funding 'scammed users' of other coins as mentioned in the OP?

Please do not take this as any kind of mistrust, just clarification. Vegas has already gone above and beyond to help me personally receive lost funds due to a wallet error and I completely understand that the development costs can be spread across the community, Vegas should not have to continually fund it all himself.