FireFlyCoin Launched! - REBOOT

[Jude Austin]

I will be sending some FFC tonight.

Mogrith, I still have the 10K you sent me for the new design.

Do you want that back?

If not, I am going to give that and another 11K to the Scifi Giveaway.

Let me know what you want to do.

[1715129864]

1715129864

[1715129864]

1715129864

[1715129864]

1715129864

[mogrith]

Go ahead and send it to the giveaway, that sounds like the best use of it.

[Jude Austin]

Go ahead and send it to the giveaway, that sounds like the best use of it.

Sounds good.

Sending them now.

[Jude Austin]

Status: 3/unconfirmed, broadcast through 8 nodes
Date: 1/16/2014 15:21
To: FcjJhQysxC1qUrKXhPKqf9ozrV5XX2G59y
Debit: -21000.00 FFC
Transaction fee: -0.0062 FFC
Net amount: -21000.0062 FFC
Transaction ID: d47659070968723375262963b03ce080ec3e8449a894f8396caeab86549fb90e

[unfocus]

I got it guys! Thanks a lot!

[ISAWHIM]

The best and worst thing of this coin, is the limits of the coin itself...

300 Billion...
- The bad/neutral (Essentially it is unlimited, in our lifetime.)
- The good/neutral (Fixed production per year, makes it easy to judge value based off network hashing.)

Sha256...
- The bad/neutral (Value based on potential "short-term" hyper-miners, big-dogs with big-toys.)
- The good/neutral (Not limited by a death-trend of scrypt-miners, adding to global pollution/waste.)

Block-adjusts at 4-blocks...
- The bad/neutral (Instant high-value triggers mining-vampires, causing auto-dump of mined coins, lowering value.)
- The good/neutral (Instant diff-up triggers mining-garlic, and encourages better rewards for steady miners.)

In my eyes, like bottle-caps and hobo-nickles, in scrypt, this coin is where my dedicated ASIC's will be, in the future.

You have to ignore the "lows" you see now. There is no real volume traded there. This is from the instant-cash-outs from the vampire miners. Buy those low valued coins while you can. I guarantee you won't regret it come income-tax time, and on next-years spikes. But don't let the price get too high, too fast... or you just encourage more vampire-miners, and end-up paying more for their cheap unsupportive asses.

Instead, throw more miners at it, hold (as most are doing), and keep the apparent "now-value" low, to keep the vampires away.

Services are coming, and will come, and the community IS supporting the coin. Just don't expect explosive growth over-night. There is a lot going on in with a lot of coins. Once one coin gets setup, it only takes them a minute to add another through the exchanges API. You just have to remember... The more people USE the coin, the more the value seems to DROP, as USE = CASHING-OUT, which moves the charts down, not up. (Someone is buying those coins, and they will have to accept that price, or higher to get gains. If you are smart, you buy those low ones, which makes the instant cash-outs pay more.)

Just like I did with bottle-caps, I will be doing the same with this coin. However, like bottle-caps, few, if any, will see what work I do. (My bots do all the work for me, on the exchanges. Usually just buying coins, but they sell too, if someone attempts to unnaturally pump the market. Fast rises only hurt.)

I will be posting some ideas, beyond my actions, for anyone to consume. As long as it helps Firefly Coin.

[NachoHeeledge]

can someone tell me what nodes to add to the wallet, I have tried fireflycoin.com and fireflycoin.org without success

Wallet just says No Block Source Available

[ayagle]

I think I posted this already and then took it down, but I have a pool up at http://outthere.no-ip.info/    feel free to try it out.  I am unsure of how well it will do, but I will do my best to make sure all coins are rewarded if something breaks.      

edit:  I have been finding blocks, running at 3ghs, everything seems good..    it will be at http://ffc.bingepool.net once the propagation is complete..

[ayagle]

can someone tell me what nodes to add to the wallet, I have tried fireflycoin.com and fireflycoin.org without success

Wallet just says No Block Source Available

I have had success with these  

addnode=fireflycoin.com
addnode=ffc.ispace.co.uk
addnode=92.13.238.164:5534
addnode=99.238.240.96:5534
addnode=78.99.52.108:5534
addnode=192.3.117.102:5534
addnode=69.147.229.226:5534
addnode=99.189.84.118:5534
addnode=78.110.165.13:5534
addnode=115.78.135.173:5534

[mctaino]

Looking for OSX wallet

[subSTRATA]

The best and worst thing of this coin, is the limits of the coin itself...

300 Billion...
- The bad/neutral (Essentially it is unlimited, in our lifetime.)
- The good/neutral (Fixed production per year, makes it easy to judge value based off network hashing.)

Sha256...
- The bad/neutral (Value based on potential "short-term" hyper-miners, big-dogs with big-toys.)
- The good/neutral (Not limited by a death-trend of scrypt-miners, adding to global pollution/waste.)

Block-adjusts at 4-blocks...
- The bad/neutral (Instant high-value triggers mining-vampires, causing auto-dump of mined coins, lowering value.)
- The good/neutral (Instant diff-up triggers mining-garlic, and encourages better rewards for steady miners.)

In my eyes, like bottle-caps and hobo-nickles, in scrypt, this coin is where my dedicated ASIC's will be, in the future.

You have to ignore the "lows" you see now. There is no real volume traded there. This is from the instant-cash-outs from the vampire miners. Buy those low valued coins while you can. I guarantee you won't regret it come income-tax time, and on next-years spikes. But don't let the price get too high, too fast... or you just encourage more vampire-miners, and end-up paying more for their cheap unsupportive asses.

Instead, throw more miners at it, hold (as most are doing), and keep the apparent "now-value" low, to keep the vampires away.

Services are coming, and will come, and the community IS supporting the coin. Just don't expect explosive growth over-night. There is a lot going on in with a lot of coins. Once one coin gets setup, it only takes them a minute to add another through the exchanges API. You just have to remember... The more people USE the coin, the more the value seems to DROP, as USE = CASHING-OUT, which moves the charts down, not up. (Someone is buying those coins, and they will have to accept that price, or higher to get gains. If you are smart, you buy those low ones, which makes the instant cash-outs pay more.)

Just like I did with bottle-caps, I will be doing the same with this coin. However, like bottle-caps, few, if any, will see what work I do. (My bots do all the work for me, on the exchanges. Usually just buying coins, but they sell too, if someone attempts to unnaturally pump the market. Fast rises only hurt.)

I will be posting some ideas, beyond my actions, for anyone to consume. As long as it helps Firefly Coin.

Very good post but one thing is problematic there and it is volume of some particular coin you will end up with. If you buy FFC
for let's say 0.1 BTC total and get as much FFC through mining that would be 0.2 BTC which are already not so easy to cash-out.
If you go crazy with buying and mining you might end up with so many coins that even if price rises 100x afterwards you would
still be negative because you would not be able to cash-out enough to cover your investment. Buy for 5 BTC and mine equally
enough means you have to sell 10 BTC worth of FFC once price goes up 100x to cover your investment but that might not be
easy at all because that much FFC might be more than market can consume without you negatively affecting the price. Even if
you manage to do it what about your other 990 BTC worth of FFC? At that point in time market would need to buy 990 BTC worth
of FFC at the same price for you to make 100x profit off the whole deal. They would be an overinvestment.

Investing big into something makes sense only if you are counting on big increase in price and trade volume.

[DarthNoodle]

i wonder if someone can help me, i cant see any information as to when the block  reward halfs?

[niteglider]

Was that a 1.5 mil FFC dump last night?

It interesting that most of the coins I am watching experienced a rally this week. 

It looks like a lot of people are using the opportunity to get out maybe? 

That should be good for the rest of us in the long run.

[ayagle]

OK, finally up and running,    http://ffc.bingepool.net           1%fees,    I know that the 0 current miners is a turn off, but I will throw my 3ghs at and hopefully if anyone else shows up we will start raking in the blocks.. 

[unfocus]

Scifi Exchange opening Saturday!
Stay tuned for the exact hour Smiley

[Jude Austin]

Scifi Exchange opening Saturday!
Stay tuned for the exact hour Smiley

Awesome!

I will check it out for sure!

[mogrith]

Should be 12 noon PST 2000UTC 1/25/14

[TandemSkys]

OK, finally up and running,    http://ffc.bingepool.net           1%fees,    I know that the 0 current miners is a turn off, but I will throw my 3ghs at and hopefully if anyone else shows up we will start raking in the blocks.. 

Yeah.. didnt get the email confirm for this ppool

[Jude Austin]

Should be 12 noon PST 2000UTC 1/25/14

Thanks Mogrith!

[unfocus]

Giveaway for the first 100 people:

UFO: 5750
OFF: 10
GPL: 3.5
FFC: 260
UFC: 100
DARSEK: 25
QBT: 600

Don't miss it!

Watch the exchange thread for URL, will be revealed 1 hour before.