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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 429751 times)
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Vlad2Vlad
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August 09, 2014, 08:09:07 PM
 #1421



Tek price is starting to look attractive.


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August 09, 2014, 08:11:04 PM
 #1422

Yes. And how do you stake? I was going to buy some on an exchange now that I have the block but I don't know how I'm going to go about it. it isn't possible on the wallet?


1. Buy some TEK at the exchange.
2. Transfer them to your wallet.
3. Wait 30 days or more (the hard part).
4. Unlock your wallet (but don't unencrypt it).
5. Leave the wallet program running, unlocked, or shut it down and restart it from time to time, unlocked.
6. Wait, as patiently as you can. Within a day or three (more or less) you will see a transaction something like: 09/08/2014 13:52 PoS Mined (n/a) 123.45 where the fields are date, time, type, address, and amount.

I think that's everything - feel free to correct, everyone.

Edit: errors corrected. Yikes! Thanks, Biomech, for noticing. My only excuse is that I was being reminded that dinner was getting cold as I was writing the original post.  Embarrassed
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August 09, 2014, 08:18:01 PM
 #1423

Yes. And how do you stake? I was going to buy some on an exchange now that I have the block but I don't know how I'm going to go about it. it isn't possible on the wallet?


1. Buy some TEK at the exchange.
2. Transfer them to your wallet.
3. Wait 30 days or more (the hard part).
4. Unencrypt your wallet (but don't unlock it).
5. Leave the wallet program running, unencrypted, or shut it down and restart it from time to time, unencrypted.
6. Wait, as patiently as you can. Within a day or three (more or less) you will see a transaction something like: 09/08/2014 13:52 PoS Mined (n/a) 123.45 where the fields are date, time, type, address, and amount.

I think that's everything - feel free to correct, everyone.

4 and 5 are backwards. Unlock it but don't unencrypt it. Or don't encrypt it in the first place if you are in a secure enough place, I suppose.

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August 09, 2014, 09:47:13 PM
 #1424

How much longer until staking fixed?

Thundertoe,

Any updates?
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August 09, 2014, 10:54:09 PM
 #1425

Awesome thanks Smiley
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August 10, 2014, 04:47:38 AM
 #1426

While things are being recoded, maybe we should consider a total coins amount of 100 million or 1 billion.

Jason

If you want to get rid of some TEK - Bq9f1oKp9FenRkJjQxSnQPBx9JfJ7yLnXG
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August 10, 2014, 05:38:22 AM
 #1427

The new wallet is being tested, I'm one of the testers. I figure I'm a huge cheerleader, I can be a guinea pig too Cheesy I don't have a time line for you, as there have been some things outside of crypto affecting the dev team. Hang loose a little longer, it's being fixed.

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August 10, 2014, 10:18:26 AM
 #1428

Does this mean we'll have to wait 30 days or until your coins stake Biomech, to make sure the wallet is working correctly?
Will we still receive our 40% stake on our coins for this month?  or are we going to lose a months staking interest?
I'm sure the same questions are going through everyone's mind!

Thanks
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August 10, 2014, 11:22:38 AM
 #1429

While things are being recoded, maybe we should consider a total coins amount of 100 million or 1 billion.

Jason

From earlier posts, I gather that the 100m cap is the number of coins in ONE transaction. But maybe prior to the official release, maybe the dev team could confirm this again, now that they're hands deep in the code?
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August 10, 2014, 11:54:15 AM
 #1430

Al pools down at current time?  DSync for sure, Central Cavern gone, can't find any of the ANN post listed pools running.

CURE DEM DMD GPL HBN HYPER KED POT TEK  THC -   I'm such a PoS
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August 10, 2014, 11:55:19 AM
 #1431

Al pools down at current time?  DSync for sure, Central Cavern gone, can't find any of the ANN post listed pools running.

http://sha256d.ispace.co.uk/coindetails/?coin=tek   Grin

Bad times make up strong men, strong men make up good times, good times make up the weak men, weak men up bad times ..... where we are now Huh??
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August 10, 2014, 02:42:56 PM
 #1432

While things are being recoded, maybe we should consider a total coins amount of 100 million or 1 billion.

Jason

well, that would effectively be a cap on the 40% monthly staking interest.

Once the coin were to reach 100 million or 1 billion (whichever was chosen as the limit), the staking would have to stop.

I don't see how that would work. We all use Tek because of its unique staking.
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August 10, 2014, 03:40:02 PM
 #1433

No PoS blocks have been minted for about 10 days. With everyone's help a few different versions of a possible fix are being tested.  It is going slower than i hoped, of course i want a instant fix. I am as anxious as anyone to get it finished. I am still confident that we can get a fix soon. I am trying to coordinate this fix and help it along the best i can, right now that has been gathering info and sharing it between diff devs, compiling and testing.
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August 10, 2014, 04:27:12 PM
 #1434

While things are being recoded, maybe we should consider a total coins amount of 100 million or 1 billion.

Jason

well, that would effectively be a cap on the 40% monthly staking interest.

Once the coin were to reach 100 million or 1 billion (whichever was chosen as the limit), the staking would have to stop.

I don't see how that would work. We all use Tek because of its unique staking.

Hopefully, by then, a flourishing TEK economy will give the coin utility and value. I believe the high staking rewards are necessary to build the community and will thus largely benefit early adopters only.
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August 10, 2014, 04:36:01 PM
 #1435

No PoS blocks have been minted for about 10 days. With everyone's help a few different versions of a possible fix are being tested.  It is going slower than i hoped, of course i want a instant fix. I am as anxious as anyone to get it finished. I am still confident that we can get a fix soon. I am trying to coordinate this fix and help it along the best i can, right now that has been gathering info and sharing it between diff devs, compiling and testing.

I can't speak for everyone but I prefer a thorough, if slow fix to a hasty one any day. I understand that some may be depending on this income but this is a hard fork and must be executed correctly to protect/secure everyone's investment. For what it's worth, I think you're doing the right thing here by erring on the side of caution. Oh, and thanks for the updates.
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August 10, 2014, 04:52:41 PM
 #1436

No PoS blocks have been minted for about 10 days. With everyone's help a few different versions of a possible fix are being tested.  It is going slower than i hoped, of course i want a instant fix. I am as anxious as anyone to get it finished. I am still confident that we can get a fix soon. I am trying to coordinate this fix and help it along the best i can, right now that has been gathering info and sharing it between diff devs, compiling and testing.

I can't speak for everyone but I prefer a thorough, if slow fix to a hasty one any day. I understand that some may be depending on this income but this is a hard fork and must be executed correctly to protect/secure everyone's investment. For what it's worth, I think you're doing the right thing here by erring on the side of caution. Oh, and thanks for the updates.

+1
Rushing a fix could cause indeed havoc, so please take your time with this.
Worst part is that TEK owners have to wait, but on the plus the coins gain a lot of weight + interest.
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August 10, 2014, 07:11:01 PM
 #1437

any projected date on the new wallet?

>>>>>>>>>>Tokenlab.io<<<<<<<<<<
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Biomech
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August 10, 2014, 10:52:42 PM
 #1438

Does this mean we'll have to wait 30 days or until your coins stake Biomech, to make sure the wallet is working correctly?
Will we still receive our 40% stake on our coins for this month?  or are we going to lose a months staking interest?
I'm sure the same questions are going through everyone's mind!

Thanks

To my knowledge, nobody has staked yet, and won't before the new wallet is actually released. It, if I understand correctly, will require a hard fork to get the staking going again.

What I'm testing is to make sure that the wallet syncs properly and is keeping up with the correct blockchain. The fork will be at some point in the future, and announced well ahead of time. Your staking weight will not be affected, and when it does stake it will be the correct interest for the amount of time. It will just be a longer than usual amount of time.

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August 11, 2014, 06:42:54 AM
 #1439

Thanks, Sounds good to me
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August 11, 2014, 04:50:38 PM
 #1440

No PoS blocks have been minted for about 10 days. With everyone's help a few different versions of a possible fix are being tested.  It is going slower than i hoped, of course i want a instant fix. I am as anxious as anyone to get it finished. I am still confident that we can get a fix soon. I am trying to coordinate this fix and help it along the best i can, right now that has been gathering info and sharing it between diff devs, compiling and testing.

Thanks for update! I appreciate your caution.
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