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Author Topic: [ANN][FLO] A Worldwide Public Record | Alexandria | ETDB | Medici | 0.15 Segwit  (Read 513803 times)
Spratan
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March 18, 2017, 06:31:30 PM
 #1441

Strange, all the other POLO coins are pumping except FLO. This alt bull market won't be here forever. Just saying.

It is a good sign, kind of diversion.
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March 20, 2017, 07:13:08 PM
 #1442

I just installed FLO desktop wallet for Win.

It has 3years 39 weeks to sunc....

pretty insane especially when I don't see
any kind of syncing currently.

Please, could I get guidance on how to proceed
with this coin to have an efficient syncing process?

thanks in advance


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enesis










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March 21, 2017, 04:28:21 PM
 #1443

Hey Altcoinlover, please make sure you have installed version 0.10.4, which is the latest version.

Additionally, if you are having issues downloading the blockchain, please refer to these addnodes to get started. Add them to florincoin.conf:

Code:
addnode=188.166.6.99
addnode=176.9.59.110
addnode=54.209.141.153

If you need any additional support, please don't hesitate to ask on the forum here or PM myself or another dev team member directly. We are also generally hanging out in the Alexandria.io chat. You can sign up for it here: http://dloaslack.bitspill.net/


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March 21, 2017, 04:41:31 PM
 #1444

is 1k possible?
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March 21, 2017, 06:01:28 PM
 #1445

is 1k possible?

Seems to have stalled out. Oh well. I'm a long-term holder anyways.
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March 25, 2017, 06:10:04 AM
 #1446

FLO we are with you ... pls pay the few bucks needed to get a Cryptopia slot ... you gain LTC, Doge, UNO base pairs ... there's an ALT trade market waiting for the FLO Economy, we like what you do.

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desci
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March 28, 2017, 02:19:24 PM
 #1447

is 1k possible?

As of right now, it is.

Congratulations to everyone involved, and let the haters cry their mediocrity all they need to.
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March 28, 2017, 03:37:15 PM
 #1448

What gives FLORIN value? Does or Will Alexandria pay or burn any fees?

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March 28, 2017, 04:28:54 PM
 #1449

Does or Will Alexandria pay or burn any fees?
Alexandria protocol messages require a fee to be paid to a miner in order to be accepted into the Alexandria network. We have discussed making FLO burning a requirement but it was never agreed upon. Perhaps we could re-visit this idea. As it stands however, the only requirement at the moment is paying a miner's fee.

Any possibility of the FLO dev or the Alexandria team to post more regular updates to this thread? I don't have time/desire to follow Slack but like to check in here every couple months. Little status updates every quarter or something would be sweet if possible, doesn't have to be anything mindblowing, just a pulse check would be great. Been holding for years at this point and wish I could be more involved but hope things are cruising along!

Expect more regular updates because I am recently able to commit more time to the project. In the short-term I will update the block explorer and florincoin.org website. Those pages are certainly in need of a renewal.

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March 28, 2017, 04:29:12 PM
Last edit: March 31, 2017, 05:40:57 PM by URSAY
 #1450

What gives FLORIN value?

Trusted and hard working devs.  Long history.  Transaction comments.  Alexandria.  Etc.

When I need to store something in a blockchain quickly and easily, the first coin I think of is FLO.  It's just a practical and working solution that has stood the test of time.  FIRST coin with transaction comments.  As FLO is built upon by devs and other contributors the utility will likely increase.
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March 28, 2017, 11:08:45 PM
 #1451

Hello guys,

I'm new to this forum and even to cryptomining. I want to start mining florincoin and want to invest in an asics miner (Antminer S7 to be precise).
How do I setup my pc or future asics rig to mine florincoin? Should I just download the florincoin wallet or is there another program that should be installed and executed?
Also can somebody explain to my how I should choose my asics miner, I see that there are different algorithms for each coin and that Asics are specifically build for one algo.
What algorithm is florincoin and is the Antminer S7 able to work with this? What performance can I expect to get in hashing power?

If someone could give me a kind of overview what is important to know so I can research a little bit more myself and get a good understanding what is important.

-MrTrex

Florincoin uses the scrypt algorithm for proof of work. You can't mine that with Antminer S7. An ASIC like that just does a simple work of calculating double sha256 hashes, hence the latest antminers can calculate more than 10TH/s.

Scrypt was meant to be an encryption algorithm, nowadays you probably better don't encrypt nothing using scrypt, because anyone in the world with an ASIC could probably decrypt it within minutes.

Search for ASIC scrypt in this board: https://bitcointalk.org/index.php?board=160.0 Mining (Altcoins)

Since cgminer dropped support for scrypt, you'll have to use either bfgminer (https://github.com/luke-jr/bfgminer) or modified versions of cgminer like this one: https://github.com/dmaxl/cgminer.
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March 29, 2017, 04:20:46 AM
 #1452

Poll: Which open source block explorer should we upgrade florincoin.info with? Vote on twitter or post a reply in this thread.

https://twitter.com/Official_Florin/status/846939421240954881

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March 29, 2017, 07:07:22 PM
 #1453

What is the mining / emission curve on this going historically and moving forward?

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March 30, 2017, 11:43:57 PM
 #1454

Will Florin get his turn too in Altcoin Spring ? nice highs on polo today  Wink
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March 31, 2017, 02:21:41 PM
 #1455

New testnet node going up today. More info on this later when I have some time to configure it. This will help the development process (so we don't have to use mainnet FLO when testing Alexandria).



Expect a website and wiki update soon as well, followed by an explorer upgrade. I think I'll also create a guide on how to set up a full node / testnet node on this host. $5 a month is incredibly inexpensive for the service they provide. Also you can pay in BTC which is nice  Smiley

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March 31, 2017, 11:41:33 PM
 #1456

Added a repo for graphics: https://github.com/metacoin/florin-graphics   Smiley

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April 04, 2017, 02:02:08 PM
 #1457

Does or Will Alexandria pay or burn any fees?
Alexandria protocol messages require a fee to be paid to a miner in order to be accepted into the Alexandria network. We have discussed making FLO burning a requirement but it was never agreed upon. Perhaps we could re-visit this idea. As it stands however, the only requirement at the moment is paying a miner's fee.

Any possibility of the FLO dev or the Alexandria team to post more regular updates to this thread? I don't have time/desire to follow Slack but like to check in here every couple months. Little status updates every quarter or something would be sweet if possible, doesn't have to be anything mindblowing, just a pulse check would be great. Been holding for years at this point and wish I could be more involved but hope things are cruising along!

Expect more regular updates because I am recently able to commit more time to the project. In the short-term I will update the block explorer and florincoin.org website. Those pages are certainly in need of a renewal.

I would suggest this be added, otherwise, what is the point of owning Flo whatsoever Smiley

I'm trying to look at is as an investment in Alexandria, which would be VERY exciting!

ETH gets gas fees for Apps... Alexandria should also burn some Flo (% of payout to contributors at least, or fees for uploading content)

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April 04, 2017, 03:46:14 PM
 #1458

Ah, by "burning" I was referring to specifically the act of spending coins to an unreachable address, therefore removing them from circulation. There are a number of coins that use this type of coin burning for various purposes.

Paying fees for blockchain messages has always been part of Florincoin. There is a fee-per-byte calculation (derived from Bitcoin's fee calculation). Transactions with filled tx-comment fields are mostly >700 bytes which results in a miner's fee.

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April 04, 2017, 08:06:13 PM
 #1459

Ah, by "burning" I was referring to specifically the act of spending coins to an unreachable address, therefore removing them from circulation. There are a number of coins that use this type of coin burning for various purposes.

Paying fees for blockchain messages has always been part of Florincoin. There is a fee-per-byte calculation (derived from Bitcoin's fee calculation). Transactions with filled tx-comment fields are mostly >700 bytes which results in a miner's fee.

Yes, but this only benefits miners, who don't care about Flo or it's value. They will just dump any Flo they get back on the market. So, use of Alexandria would ironically just result in more sell pressure for Flo. I have seen this mechanism work out poorly for the value / price of other coins long term.

Are there any mechanisms by which Flo would increase in value? Could those fees go to burning those instead? Not sure why you would pay those to miners instead of Flo holders (by burning or some other mechanism). If you did this it would increase the value of Flo tremendously from at least a theoretical perspective.

Just remove them from supply by having them all go to a burn address is the easy answer here.

Appreciate the discussion.

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blocktechceo
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April 05, 2017, 12:07:36 AM
 #1460

Ah, by "burning" I was referring to specifically the act of spending coins to an unreachable address, therefore removing them from circulation. There are a number of coins that use this type of coin burning for various purposes.

Paying fees for blockchain messages has always been part of Florincoin. There is a fee-per-byte calculation (derived from Bitcoin's fee calculation). Transactions with filled tx-comment fields are mostly >700 bytes which results in a miner's fee.

Yes, but this only benefits miners, who don't care about Flo or it's value. They will just dump any Flo they get back on the market. So, use of Alexandria would ironically just result in more sell pressure for Flo. I have seen this mechanism work out poorly for the value / price of other coins long term.

Are there any mechanisms by which Flo would increase in value? Could those fees go to burning those instead? Not sure why you would pay those to miners instead of Flo holders (by burning or some other mechanism). If you did this it would increase the value of Flo tremendously from at least a theoretical perspective.

Just remove them from supply by having them all go to a burn address is the easy answer here.

Appreciate the discussion.

Hi, thanks for your questions, they reveal a deep understanding of what a coin needs for longevity and market value - I'm anxious to share a wiki soon about how Alexandria addresses this issue, hopefully by the end of the week. In the meanwhile, I'll summarize our approach as such:

publishing content requires spending a fee. the fee is calculated differently depending on if its a piece of commercial content or a piece of free content. if its free, the fee is based entirely on the size of the data being added to the blockchain, as @metacoin said previously. if its commercial, the fee is calculated as a function of the price being asked for it.

the fees go to miners, yes. and most miners sell their coins at their earliest opportunity, also agreed, tho we think they'll be have differently in our system, but ill get to that in a sec. first - lets consider that the fees also have to come from somewhere, and we know full-well that independent publishers (artists of any kind) are not about to become cryptocurrency traders in order to purchase an altcoin, after becoming first familiar with Bitcoin and signing up for a hosted wallet and uploading their drivers license, all just to publish their song or video. to address this - well, the first step in addressing this was integrating Coinbase's Buy Widget (https://developers.coinbase.com/docs/buy-widget) to give them a super easy way to buy $1-$5 of BTC with a debit card without even making a coinbase account, but we did all that on the application layer.

the primary thing we did to address this at the protocol layer, while also giving miners more incentive to mine Flo (since we ultimately want a competitive and rising mining market in order to trust the consistency and resiliency of the consensus system those publishers are relying on), is that we define within our protocol a system that lets publishers automatically exchange their BTC into the amount of FLO they need to publish their piece of content, from the miners directly, at a reasonable margin on top of their estimated costs. this is a first come first served system, using the timestamped data in the blockchain itself to determine which coins are up next for trading, which results in miners having an actual incentive to hodl their coins - but not just to hold while watching a crypto market for the price to hit a target, to hold until the market of publishers gets to you in line, and if you wait until then, they'll pay you a reasonable 10-20% margin on top of what you spent to mine them.

and then, of course, since a few minutes after the publisher trades BTC for those FLO, they are then spent as the tx-fee for their publish message, the miners have not just an incentive to hold the coins they have mined, but to keep on mining cuz they might just win not just the standard block reward, but a bonus every once in a while as well - and if they hold them until their turn to be autotraded, they'll again make a margin on them.

Result is a generally stable but also upward impact on hashing power as long as there is an overall increase in publishing activity - as more miners discover that they can set it and forget it and get reliable returns from pointing their sCrypt miners at a pool compatible with our protocol, the number of open offers from those miners will increase, in other words the time between when they mined a block and when they sold that block will get longer - but as overall publishing activity goes up, that number of offers will go down proportionately.

Coincidentally (well, partially by design) this should have a generally stable but also generally upward impact on token price as well. Some miners will be anxious to sell immediately and thus they will apply pressure to the crypto markets to drive the price higher - whenever hype about the project leads to traders newly discovering it and getting excited about it, the price will surge accordingly, which would cause some of the miners who were holding until a publisher traded for their coins to instead go trade them on the open market, reducing the available supply for publishers, and shortening the time between when miners win blocks and when they sell them.

Hopefully that gives you a decent understanding of our approach - please let me know if that leaves you with more questions than it answers Wink
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