FLY COIN ANN.Swapping to "Las Vegas"coin,+Masternodes,Darksend,Stealth, instantX

[metamorphin]

Today Griffith will be posting a VERY detailed explanation of Flynode. I cannot even begin to tell you how excited I am about this. Here is why:

Flynode is one of a kind technology.

1. Flynode requires NO collateral, only that you hold a min of 500 coins in your wallet.
2. Flynode "flys" around and randomly chooses users to rewards. Everyone has the same chance!
3. Flynode is layered. What this means is for every additional 1 fly will add an additional 0.01% to the reward paid out by the flynode.
4. Max reward is 45%. You will need 5000 fly.

Griffith will post more details on this , and we are still in testing.

Vegasguy, I respect really your energy and power to never give up. I am sooo damn excited, how to see our next results!

Greetz
Steve

[vegasguy]

Today Griffith will be posting a VERY detailed explanation of Flynode. I cannot even begin to tell you how excited I am about this. Here is why:

Flynode is one of a kind technology.

1. Flynode requires NO collateral, only that you hold a min of 500 coins in your wallet.
2. Flynode "flys" around and randomly chooses users to rewards. Everyone has the same chance!
3. Flynode is layered. What this means is for every additional 1 fly will add an additional 0.01% to the reward paid out by the flynode.
4. Max reward is 45%. You will need 5000 fly.

Griffith will post more details on this , and we are still in testing.

Vegasguy, I respect really your energy and power to never give up. I am sooo damn excited, how to see our next results!

Greetz
Steve

Failure is not an option

Vegas

[Woody20285]

Looking forward to FlyNode info from Griffith.

[midnight_miner]

Today Griffith will be posting a VERY detailed explanation of Flynode. I cannot even begin to tell you how excited I am about this. Here is why:

Flynode is one of a kind technology.

1. Flynode requires NO collateral, only that you hold a min of 500 coins in your wallet.
2. Flynode "flys" around and randomly chooses users to reward. Everyone has the same chance!
3. Flynode is layered. What this means is for every additional 1 fly will add an additional 0.01% to the reward paid out by the flynode.
4. Max reward is 45%. You will need 5000 fly.

In these ways flynode is one of a kind!! This is a "Crypto first" that to get a node, your funds do not need to be locked or need collateral.
Also as you slowly add to your balance , even by 1 fly, your reward from the node will be larger.

There is no question, that word will spread fast, and everyone will know about Flycoin because of its unique flynode system

Griffith will post more details on this , as we are still in testing.

Also remember @ block 90k, the POS drops to 10%. So there are 3,000 more blocks that you can earn a much higher POS until then to get your fly node easier. I will raise the POS again in the near future to around 20%-25%. For now, Im playing it safe, to avoid inflation.

Vegas

The lower PoS of 10% will help separate the "weak hands" from the people dedicated to the future of FLY.

Look forward to the future of Flynodes, and the info on instituting Flynodes.

[Griffith]

FlyNode

Flynode starts up when the wallet starts automatically. You have the option to turn off the flynode function in the config file by adding the line,

               flynode=0

NOTE: this will not stop your wallet from relaying and keeping a list of flynodes. It will only stop you from running in flynode mode if you have enough coins to qualify.

By default, running the wallet with flynode mode enabled will cause the node to create a flynode for yourself within your wallet. The flynode consists of all of your wallet addresses that hold coins and your connection info (so people can connect to you). Starting at 1% reward when you have at least 500 fly in your wallet, every additional 1 fly will add an additional 0.01% to the reward paid out by the flynode system when your node is selected to receive rewards. This bonus reward caps at 45% (5000 fly).

•It is being considered that this be at a lower cap and then elevated based on how many non-minting transactions were put into the block.

Flynodes are paid every time a new block is minted. Each new block selects 1 flynode from the active list and uses its balance to calculate the reward paid to it. For each address that the flynode claims belongs to it (by default all of your addresses that contain coins are added to your flynodes claimed address list) it adds the balance to a total and uses that total to pay a percent of the coins that were minted for that block. Each address claimed gets paid its portion of the total. Selection of which flynode is paid is semi random. Nodes that haven’t been paid in a while do have a higher chance of being paid than ones more recently paid. To be considered active, flynodes need to renew themselves every 3 minutes. This is renewal function built into the messaging system. A flynode will send out a message to say that it is still alive once every 2.5 minutes to ensure that is stays added to the list. (this timer may be extended in the future). After 3 minutes, if the node has not renewed or responded to requests to see if it is alive, it will be removed from the flynode list.

•Flynodes must be able to accept inbound connections to the wallet or they will not be able to be considered active.

Flynodes help support the health of the network by accepting inbound connections and helping other wallets seed connections. This means that they also help to get confirms broadcasted faster among the network and help prevent forking by keeping a tighter consensus on valid blocks. They are paid rewards for this task.

NOTE: all described functionality is automated, no additional input is needed from the users unless they desire to change the config, then they may to do as they see fit


if a full white paper style explanation of everything is desired, let me know

[vegasguy]

Guys the richest man in the world speaks about Cryptocurrency and he will be a BIG part of its future (The video is 30 days old):

Its what Ive known since I learned about cryptocurrency. What he doesnt mention, is that the reason entire countries will adopt crypto is because 'THERE IS NO TRUST IN THEIR MONEY". Thats my quote.

https://www.youtube.com/watch?v=YrJu4F-2qjU

Vegas

[Limx Dev]

FlyNode

Flynode starts up when the wallet starts automatically. You have the option to turn off the flynode function in the config file by adding the line,

               flynode=0

NOTE: this will not stop your wallet from relaying and keeping a list of flynodes. It will only stop you from running in flynode mode if you have enough coins to qualify.

By default, running the wallet with flynode mode enabled will cause the node to create a flynode for yourself within your wallet. The flynode consists of all of your wallet addresses that hold coins and your connection info (so people can connect to you). Starting at 1% reward when you have at least 500 fly in your wallet, every additional 1 fly will add an additional 0.01% to the reward paid out by the flynode system when your node is selected to receive rewards. This bonus reward caps at 45% (5000 fly).

•It is being considered that this be at a lower cap and then elevated based on how many non-minting transactions were put into the block.

Flynodes are paid every time a new block is minted. Each new block selects 1 flynode from the active list and uses its balance to calculate the reward paid to it. For each address that the flynode claims belongs to it (by default all of your addresses that contain coins are added to your flynodes claimed address list) it adds the balance to a total and uses that total to pay a percent of the coins that were minted for that block. Each address claimed gets paid its portion of the total. Selection of which flynode is paid is semi random. Nodes that haven’t been paid in a while do have a higher chance of being paid than ones more recently paid. To be considered active, flynodes need to renew themselves every 3 minutes. This is renewal function built into the messaging system. A flynode will send out a message to say that it is still alive once every 2.5 minutes to ensure that is stays added to the list. (this timer may be extended in the future). After 3 minutes, if the node has not renewed or responded to requests to see if it is alive, it will be removed from the flynode list.

•Flynodes must be able to accept inbound connections to the wallet or they will not be able to be considered active.

Flynodes help support the health of the network by accepting inbound connections and helping other wallets seed connections. This means that they also help to get confirms broadcasted faster among the network and help prevent forking by keeping a tighter consensus on valid blocks. They are paid rewards for this task.

NOTE: all described functionality is automated, no additional input is needed from the users unless they desire to change the config, then they may to do as they see fit


if a full white paper style explanation of everything is desired, let me know

Nice work, but I think the "original" masternodes are a better solution.  

Best Regards Christian

[vegasguy]

FlyNode

Flynode starts up when the wallet starts automatically. You have the option to turn off the flynode function in the config file by adding the line,

               flynode=0

NOTE: this will not stop your wallet from relaying and keeping a list of flynodes. It will only stop you from running in flynode mode if you have enough coins to qualify.

By default, running the wallet with flynode mode enabled will cause the node to create a flynode for yourself within your wallet. The flynode consists of all of your wallet addresses that hold coins and your connection info (so people can connect to you). Starting at 1% reward when you have at least 500 fly in your wallet, every additional 1 fly will add an additional 0.01% to the reward paid out by the flynode system when your node is selected to receive rewards. This bonus reward caps at 45% (5000 fly).

•It is being considered that this be at a lower cap and then elevated based on how many non-minting transactions were put into the block.

Flynodes are paid every time a new block is minted. Each new block selects 1 flynode from the active list and uses its balance to calculate the reward paid to it. For each address that the flynode claims belongs to it (by default all of your addresses that contain coins are added to your flynodes claimed address list) it adds the balance to a total and uses that total to pay a percent of the coins that were minted for that block. Each address claimed gets paid its portion of the total. Selection of which flynode is paid is semi random. Nodes that haven’t been paid in a while do have a higher chance of being paid than ones more recently paid. To be considered active, flynodes need to renew themselves every 3 minutes. This is renewal function built into the messaging system. A flynode will send out a message to say that it is still alive once every 2.5 minutes to ensure that is stays added to the list. (this timer may be extended in the future). After 3 minutes, if the node has not renewed or responded to requests to see if it is alive, it will be removed from the flynode list.

•Flynodes must be able to accept inbound connections to the wallet or they will not be able to be considered active.

Flynodes help support the health of the network by accepting inbound connections and helping other wallets seed connections. This means that they also help to get confirms broadcasted faster among the network and help prevent forking by keeping a tighter consensus on valid blocks. They are paid rewards for this task.

NOTE: all described functionality is automated, no additional input is needed from the users unless they desire to change the config, then they may to do as they see fit


if a full white paper style explanation of everything is desired, let me know

Nice work, but I think the "original" masternodes are a better solution.  

Best Regards Christian

Thank you Christian, and you certainly know more than me. At the same time, I want to be innovative. I think implementing standard masternodes would not bring any excitement to fly. Fly needs attention, and excitement right now. We can always adjust flynode specs after launch based on user feedback.

Vegas

[Woody20285]

Love that the FlyNode process is automated.
Griffith - How can we tell if the FlyNode is operating?
           

[crazyivan]

Flynode starts at block 90k, right? Should there be any paid marketing for this? If ever, now would be the time to create some campaign and if there would be a donation pool for this, I d gladly chip in.

[trannamtan]

hi vegasguy ,
i send you pm,
thanks.check pm.

[BanzaiBTC]

My Flycoin explorer will go down for a big update.. Back online in ~ 24 hours..

[vegasguy]

Guys I rarely invite members to join Team Fly unless I see something exceptional about that person. Now if you follow fly, you already see things about Fly that are unique and very special that others dont. However sometimes I see a very special person that stands out for their integrity and passion, and truth. Team fly proudly welcomes its newest member Midnight Miner!!!!

Vegas

[vegasguy]

Guys, there is no question that we have had many many challenges along the way. The road has been rough, and challenging. Some decided the challenge was too difficult. Well Im here to say, with the addition of the upcoming flynode, and its very unique technology, it has doubled the price of fly. Fly has never been so alive Thank you for trusting me. What you have always thought is now confirmed. I will NEVER break your trust, or sell my integrity, EVER!!!

Guys, youve trusted me this far. Please listen to my advice. There are only 640 fly on Yobit. Do NOT send more coins to yobit. Here is why:

It will take just a little btc to make the price well over 300,000 sats, and more. What we should be doing is buying!!!! Let yobit dry up, and the price will be VERY high. Then SLOWLY sell 3-5 coins at a time on the sell side ONLY, and ask a VERY high price 400,000-500,000. If we join together. Fly will be legendary!! Lets join together, and go big!!!!!

https://www.yobit.net/en/trade/FLY/BTC

Vegas!!

[gregofdoom]

People like FLY, and I think that this is just the beginning of good things.

It's just a matter of time. Our task is to help in the success of FLY, what I am doing on Yobit;)

[vegasguy]

People like FLY, and I think that this is just the beginning of good things.

It's just a matter of time. Our task is to help in the success of FLY, what I am doing on Yobit;)

Correct. Yobit is key. Because thats were the buyers are. We need to spread the word about how great fly is. If you can, a few times a day, go on yobit, and mention how well fly is doing in chat box. This will get others interested, and buying. That is what I did today, and the response was unbelievable!!

Vegas

[gregofdoom]

FLY is Yobit, so we have to intensively promote our coin on trolbox.
We would induce a greater interest in this great project.

[Fallout4]

Caution, Yobit wallet is maintenance

[vegasguy]

Caution, Yobit wallet is maintenance

Thank you Fallout. The reason is they were sent V2.4 about 2 weeks ago. So, when they update, it will come out of maintenance. No worries.

[vegasguy]

Until then, thank you to everyone that has been at my side