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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 430096 times)
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aigeezer
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September 26, 2014, 12:23:03 PM
 #2561



What wallet you think most people in TEK community are using right now?

Not the Windows compiled version. 

The latest compiled version is generating Trojan warnings. Previous versions did not. Nobody has yet explained what changed, despite frequent requests for information. Other versions of qt - other coins - do not generate such warnings. Something changed. Internet strangers tell us not to worry about it. Sometimes they try bullying. Such efforts are misguided.

I will not use the current version either.
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September 26, 2014, 01:19:03 PM
 #2562

need an answer ,199 tekcoin weight is 600 , can i stake with this?

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September 26, 2014, 01:23:12 PM
 #2563

is there minimum amount to stake ?..
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September 26, 2014, 01:26:03 PM
 #2564



Thundertoe has a hard time getting people to compile the windows wallets, and both of the current ones were compiled by volunteers. Again, both known to me. Presstab, while an excitable guy, is beyond reproach. Argakiig is also a good guy. I'm as certain as I can be that they would not put anything deliberately malicious in the code. But as you noted, you don't personally know me, and that's simply not good enough. Which is why I want to learn how to compile windows wallets and post up a guide for it. If you compile it yourself, you KNOW what's in it. It's not as convenient, but it's safer. And I'm starting to ramble, so I'll hang it up here.

Biomech, your posts are always an inspiration. In fact, your posts are what drew me to TEK in the first place. In that vein - would you consider posting a BTC addy that people can donate to if they want, for the purpose of funding compiles (and perhaps related Dev work). A TEK addy would not work under the present circumstances because some of us cannot use our TEK wallets. I will be glad to donate something if it would help break the present stalemate. I hope that you might either act to hold funds in escrow and farm out the tasks or do them yourself if the compensation donations make it viable - earn while you learn.      Wink
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September 26, 2014, 01:34:50 PM
 #2565



Thundertoe has a hard time getting people to compile the windows wallets, and both of the current ones were compiled by volunteers. Again, both known to me. Presstab, while an excitable guy, is beyond reproach. Argakiig is also a good guy. I'm as certain as I can be that they would not put anything deliberately malicious in the code. But as you noted, you don't personally know me, and that's simply not good enough. Which is why I want to learn how to compile windows wallets and post up a guide for it. If you compile it yourself, you KNOW what's in it. It's not as convenient, but it's safer. And I'm starting to ramble, so I'll hang it up here.

Biomech, your posts are always an inspiration. In fact, your posts are what drew me to TEK in the first place. In that vein - would you consider posting a BTC addy that people can donate to if they want, for the purpose of funding compiles (and perhaps related Dev work). A TEK addy would not work under the present circumstances because some of us cannot use our TEK wallets. I will be glad to donate something if it would help break the present stalemate. I hope that you might either act to hold funds in escrow and farm out the tasks or do them yourself if the compensation donations make it viable - earn while you learn.      Wink


I can't give you a solid answer right now, due to other obligations. But I will strongly consider this, and talk it over with you and other community members sometime early next week. Right now I'm against a deadline in my job, and simply don't have time. But that's short term, and I've been a TEK head almost since it began, though I made a lot of mistakes early on Tongue

If I do it, it will be a completely separate wallet, with a pretty serious plan behind it. I don't want to start something I can't finish and leave myself and looking foolish and cost money for others.

Thanks for the kind words. You're a pretty harsh critic, so that means a lot to me.

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September 26, 2014, 01:39:23 PM
 #2566



Thundertoe has a hard time getting people to compile the windows wallets, and both of the current ones were compiled by volunteers. Again, both known to me. Presstab, while an excitable guy, is beyond reproach. Argakiig is also a good guy. I'm as certain as I can be that they would not put anything deliberately malicious in the code.

Not to flog a dead horse, but here is one potential source of trouble: trusted techie codes a call to a couple of routine functions in a package that happens to contain malware. It can (and does) happen all the time.
In the present case, it is more likely to be: trusted techie codes a call to a couple of routine functions in a package that happens to trigger false positives in many AV programs. That happens all the time too.

Easily fixed, either way, but not by the end-users.
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September 26, 2014, 01:56:06 PM
 #2567

need an answer ,199 tekcoin weight is 600 , can i stake with this?

have been try for 2 days but the 199 tek wont stake !
is there a min amount required??

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September 26, 2014, 02:10:06 PM
 #2568

need an answer ,199 tekcoin weight is 600 , can i stake with this?

have been try for 2 days but the 199 tek wont stake !
is there a min amount required??

No, there isn't. I've staked on a fraction of a coin. But sometimes it takes several days once mature.

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September 26, 2014, 02:11:20 PM
 #2569

need an answer ,199 tekcoin weight is 600 , can i stake with this?

have been try for 2 days but the 199 tek wont stake !
is there a min amount required??

No, there isn't. I've staked on a fraction of a coin. But sometimes it takes several days once mature.

Thnks biomech

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September 27, 2014, 05:03:48 AM
 #2570

i just minted a block, 20% pos diff looks like .00098, not 40% but less mintage is likely to pull off some of the pressure on the sell side of the market and allow price to rise.
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September 27, 2014, 03:08:34 PM
 #2571

Just staked a block @ .000837. Roughly 21%  Sad
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September 27, 2014, 04:34:06 PM
 #2572

i just minted a block, 20% pos diff looks like .00098, not 40% but less mintage is likely to pull off some of the pressure on the sell side of the market and allow price to rise.

dun thinks so ppl will just dump what they stake to switch for hyp since perceent is same now .only hyp is nine days not 30

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September 27, 2014, 04:48:45 PM
 #2573

i just minted a block, 20% pos diff looks like .00098, not 40% but less mintage is likely to pull off some of the pressure on the sell side of the market and allow price to rise.

dun thinks so ppl will just dump what they stake to switch for hyp since perceent is same now .only hyp is nine days not 30

I"m very much into both coins. Each has different character and strength. TEK is a hybrid, and HYP is not, so I think that Tek will continue to perform well even while the bumps get sorted on the PoS side. Because it is still a viable currency even if the PoS side of the chain gets frozen. We saw that with the recent problems. Up until the hard fork (where thngs got screwy for a few days), Tek was still tradeable without issue because the PoW side of the chain had no issues.

HYP on the other hand is fubar if the chain freezes. Not that I think that likely, since presstab loves his child, but it does present the difference in the scenarios. Both coins are very cool, and I will continue to support both.

I do think that the POS payout problems need to be fixed to where it used to be again. Or at least close. And it's being looked into. What we don't want, and I think in this I can speak for everyone pretty safely, is another debacle like the last fork. While it got resolved quickly, it did NOT work well out of the gate. I heard a figure of like 40+ chains for a day or two Tongue

So for now, it works, just a bit unstable. I figure that Thundertoe and friends should take their time, get it solid, test it for a good while, and THEN fork it. In the meantime, the slowdown in POS makes the coin potentially more valuable as it is more rare. It also extends the time where inflation will become an issue. I consider it growing pains. TEK has always been kind of a low profile coin, and yet it has stood the test of time. It's still here, it's still actively traded, and it's price is pretty decent.

Right now, I'd be more worried about merchant adoption and other things that would break it away from being just a trade coin. Then, once the technical issues are worked through, it will be significantly more valuable.

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September 27, 2014, 04:54:23 PM
 #2574

i just minted a block, 20% pos diff looks like .00098, not 40% but less mintage is likely to pull off some of the pressure on the sell side of the market and allow price to rise.

dun thinks so ppl will just dump what they stake to switch for hyp since perceent is same now .only hyp is nine days not 30

is that like all the hbn and cap holders, and nvc and ppc etc holders all dumped to trade in for higher rate coins?
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September 27, 2014, 08:24:05 PM
 #2575

So I've been letting a th sit on TEK and I'm getting around what would be expected from a half mil diff... and my PoS is following that diff pretty closely... I'd say it's definitely not a 40% coin anymore but I also think that might not be a bad thing...

May want to wait to see how things settle out over another month before even thinking about another fork...  just my opinion.

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September 27, 2014, 08:38:42 PM
 #2576

i just minted a block, 20% pos diff looks like .00098, not 40% but less mintage is likely to pull off some of the pressure on the sell side of the market and allow price to rise.

dun thinks so ppl will just dump what they stake to switch for hyp since perceent is same now .only hyp is nine days not 30

I"m very much into both coins. Each has different character and strength. TEK is a hybrid, and HYP is not, so I think that Tek will continue to perform well even while the bumps get sorted on the PoS side. Because it is still a viable currency even if the PoS side of the chain gets frozen. We saw that with the recent problems. Up until the hard fork (where thngs got screwy for a few days), Tek was still tradeable without issue because the PoW side of the chain had no issues.

HYP on the other hand is fubar if the chain freezes. Not that I think that likely, since presstab loves his child, but it does present the difference in the scenarios. Both coins are very cool, and I will continue to support both.

I do think that the POS payout problems need to be fixed to where it used to be again. Or at least close. And it's being looked into. What we don't want, and I think in this I can speak for everyone pretty safely, is another debacle like the last fork. While it got resolved quickly, it did NOT work well out of the gate. I heard a figure of like 40+ chains for a day or two Tongue

So for now, it works, just a bit unstable. I figure that Thundertoe and friends should take their time, get it solid, test it for a good while, and THEN fork it. In the meantime, the slowdown in POS makes the coin potentially more valuable as it is more rare. It also extends the time where inflation will become an issue. I consider it growing pains. TEK has always been kind of a low profile coin, and yet it has stood the test of time. It's still here, it's still actively traded, and it's price is pretty decent.

Right now, I'd be more worried about merchant adoption and other things that would break it away from being just a trade coin. Then, once the technical issues are worked through, it will be significantly more valuable.


If a chain freeze were to happen to HYP it would not be a big deal. Would just issue a rollback to the block before the freeze and thats that. Would probably only take a few minutes to fix. In all honestly, TEK could have and should have done this.  HYP also has code that prevents TW problems that TEK just had.  For example it only allows a block from 10 minutes in the future/past, where TEK still allows 120 minutes. This is something that should be investigated/changed if there is another fork for TEK.

And honestly, I don't think categorizing TEK vs HYP is correct. They are totally different coins. TEK is an SHA PoW/PoS coin that has high rate PoS and uses NVCS as an inflation control method.  HYP is PoS only without NVCS.  Really the only thing they have in common is the relatively high rate.  TEK has a 30 day maturity period compared to HYP's 9 day, which means you can't cash out as fast, but also provides the benefit of limiting supply on the exchange.  I think that investors/holders should not make a decision between the two, but probably hold both because they both have their benefits in specific areas.

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September 28, 2014, 01:08:06 AM
 #2577

today my stake block minted at .000684 and paid 22.5%
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September 28, 2014, 01:27:03 AM
 #2578

~23% with a block that staked today.

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September 28, 2014, 03:55:16 PM
 #2579

most people dont see the fine print , just the bottom line , how many days , at what rate.
this is the reason why hyp will do better than tek .
but i still love both the coins. never keep all your eggs same basket
this is the other reason why some will still hold on to tek

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September 28, 2014, 04:14:26 PM
 #2580

i just minted a block, 20% pos diff looks like .00098, not 40% but less mintage is likely to pull off some of the pressure on the sell side of the market and allow price to rise.

dun thinks so ppl will just dump what they stake to switch for hyp since perceent is same now .only hyp is nine days not 30

I"m very much into both coins. Each has different character and strength. TEK is a hybrid, and HYP is not, so I think that Tek will continue to perform well even while the bumps get sorted on the PoS side. Because it is still a viable currency even if the PoS side of the chain gets frozen. We saw that with the recent problems. Up until the hard fork (where thngs got screwy for a few days), Tek was still tradeable without issue because the PoW side of the chain had no issues.

HYP on the other hand is fubar if the chain freezes. Not that I think that likely, since presstab loves his child, but it does present the difference in the scenarios. Both coins are very cool, and I will continue to support both.

I do think that the POS payout problems need to be fixed to where it used to be again. Or at least close. And it's being looked into. What we don't want, and I think in this I can speak for everyone pretty safely, is another debacle like the last fork. While it got resolved quickly, it did NOT work well out of the gate. I heard a figure of like 40+ chains for a day or two Tongue

So for now, it works, just a bit unstable. I figure that Thundertoe and friends should take their time, get it solid, test it for a good while, and THEN fork it. In the meantime, the slowdown in POS makes the coin potentially more valuable as it is more rare. It also extends the time where inflation will become an issue. I consider it growing pains. TEK has always been kind of a low profile coin, and yet it has stood the test of time. It's still here, it's still actively traded, and it's price is pretty decent.

Right now, I'd be more worried about merchant adoption and other things that would break it away from being just a trade coin. Then, once the technical issues are worked through, it will be significantly more valuable.


If a chain freeze were to happen to HYP it would not be a big deal. Would just issue a rollback to the block before the freeze and thats that. Would probably only take a few minutes to fix. In all honestly, TEK could have and should have done this.  HYP also has code that prevents TW problems that TEK just had.  For example it only allows a block from 10 minutes in the future/past, where TEK still allows 120 minutes. This is something that should be investigated/changed if there is another fork for TEK.
I thought that had been changed. I really need to get up to speed on coding Cheesy It's also good to know that HYP has solid measures in place. I rereading my post, it looks a bit more cautionary than I intended, just meant a comparison of strengths and weaknesses.

Quote
And honestly, I don't think categorizing TEK vs HYP is correct. They are totally different coins. TEK is an SHA PoW/PoS coin that has high rate PoS and uses NVCS as an inflation control method.  HYP is PoS only without NVCS.  Really the only thing they have in common is the relatively high rate.  TEK has a 30 day maturity period compared to HYP's 9 day, which means you can't cash out as fast, but also provides the benefit of limiting supply on the exchange.  I think that investors/holders should not make a decision between the two, but probably hold both because they both have their benefits in specific areas.

..and that's precisely what I was getting at. They are very different coins. Both very cool, and coming from a similar background. TEK has been around quite a while and is a tough bastard. HYP has been trouble free almost from the beginning. I hold both and will continue to do so. These are MY primary coins.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
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