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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 438978 times)
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presstab
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May 02, 2014, 08:30:28 PM
 #261

I was correct, the problem is now fixed. Please do beware that the "unlock wallet" will not permanently decrypt the wallet, it will only unlock the wallet during that particular session. So you would need to unlock wallet each time you start up the client. I can investigate changing this in the future, but I am guessing it is complicated.

I updated the latest release (v1.0.1) to have the corrected build. Give it a try and let me know what you think.  Find the link in my signature.

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May 02, 2014, 08:37:33 PM
 #262

nice, didn't realise it wasn't working properly (i am still unlocking into the wallet console )
i have a question about inflation tought: could anyone explain to me how the pos rate plays a role into it (i read more and more people saying that the hight the pos rate the higher the inflation is but i don't really understand what it means)

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May 02, 2014, 09:37:54 PM
 #263

nice, didn't realise it wasn't working properly (i am still unlocking into the wallet console )
i have a question about inflation tought: could anyone explain to me how the pos rate plays a role into it (i read more and more people saying that the hight the pos rate the higher the inflation is but i don't really understand what it means)

Well you have to think about it this way. Inflation would be the value of the coin decreasing over time.  Right now the value of the coin has been increasing over time, so no inflation is occurring.

Although the stake rate is aggressive, the PoW rewards are not aggressive. Only 525k coins will be added from PoW every year. Compare this to a coin like dogecoin that adds millions of coins a year. Also keep in mind that most of the tekcoins are not being staked.

So some might worry about high inflation, but so far tekcoin has had nice deflation.  Also keep in mind that if all the holders of tek start staking, that as PoS difficulty goes up, the PoS rate will go down. It is coded that if the PoS difficulty jumps up enough that the PoS rate could get as low as 1%.  So there are safeguards against huge inflation.  But as always, make your own analysis and decide what is best for you.

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May 03, 2014, 03:04:47 AM
 #264





Whatever bounties are out there, you can give mine to Presstab.



Done.

 Sent out  5.2k in bounties, thank you to everyone.   More news coming soon  Wink
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May 03, 2014, 04:48:41 AM
 #265





Whatever bounties are out there, you can give mine to Presstab.



Done.

 Sent out  5.2k in bounties, thank you to everyone.   More news coming soon  Wink

Can't wait for my first stakes to come through! Thanks again Thundertoe you have maintained a really fun coin.

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May 03, 2014, 08:03:41 PM
 #266

Think I found the original source code from the cryptocointalk thread.

https://docs.google.com/file/d/0B0M-bp2HC0eYMWtrNVAtVG02dmc/edit?usp=sharing

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May 03, 2014, 08:16:31 PM
 #267

Hey guys, I've been hearing about TEK for a few weeks.

Didn't have time to dig into this but just bought my first 200 coins from cryptsy, from loose BTC I had Tongue!

Don't even have a wallet yet.

I love the logo BTW Smiley

Awesome Explorers for Awesome Coins | Show some BTC love here: 1AAYAZgaz2me7hyumexUZzcyGRZEYtCx5C
HoboNickels: hbn.blockx.info | BottleCaps: cap.blockx.info | GrowthCoin: grw.blockx.info
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May 04, 2014, 10:33:55 PM
 #268

Think I found the original source code from the cryptocointalk thread.

https://docs.google.com/file/d/0B0M-bp2HC0eYMWtrNVAtVG02dmc/edit?usp=sharing

I did try that one, same deal.

Wherever the source is for this one from the original thread, that is what we need.

Quote
Install this first to synch up

FUNKY hard to read with colors
Windows: https://docs.google.com/file/d/0B0M-bp2HC0eYYWprYXNYNl90aEE/edit

HBN: https://bitcointalk.org/index.php?topic=303749.0
hobonickels.info HBN F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
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May 05, 2014, 12:01:46 AM
 #269

Think I found the original source code from the cryptocointalk thread.

https://docs.google.com/file/d/0B0M-bp2HC0eYMWtrNVAtVG02dmc/edit?usp=sharing

I did try that one, same deal.

Wherever the source is for this one from the original thread, that is what we need.

Quote
Install this first to synch up

FUNKY hard to read with colors
Windows: https://docs.google.com/file/d/0B0M-bp2HC0eYYWprYXNYNl90aEE/edit

I am guessing that is the original source and the funky with colors was where it forked?

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May 05, 2014, 03:00:05 AM
 #270

Website | Twitter  | Bitcointalk

Hi,Tekcoin Community

We have added your coin to ECOINFUND vote list.(http://www.ecoinfund.com/vote
an effective vote will cost 10 ECFC; repeating vote are allowed; the Exchange Market will be open as soon as the voting reach 1000.!
ECFC is the fee share program launched by Ecoinfund. Ecoinfund will commit 50% of trade revenue to ECFC program. (highest on market ECFC Details)

Here the ways of getting ECFC:
1. buy the ECFC through our ECFC/BTC or ECFC/LTC market.
2. taking part into our GIVEAWAY.

Big ECFC GIVEAWAY before 10.May
Tweet this green text on your own twitter account then recive 20 ECFC;
Quote
ecoinfund.com |New Exchange,multi-language support,Earn 20 ECFC(fee shares) by every retweet before 10 May,don't miss the train!
Pls post your twitter link and Ecoinfund ID on  https://bitcointalk.org/index.php?topic=501030.0 ,you will get 20 ECFC!

Happy trading !
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May 05, 2014, 05:22:28 AM
 #271

Hi, can smn help me to set up the wallet, no way to sync

Only reason we die is because we accept the death I can tr. into French, seriously < 1-12 hours
[PHS] PhilosopherStone | PoS | No Premine | 50% annual
And if we should die tonight then we should all die together.
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May 05, 2014, 05:28:19 AM
 #272

Hi, can smn help me to set up the wallet, no way to sync

You need to download the blockchain from this source https://drive.google.com/file/d/0B0M-bp2HC0eYdXlqc0RQWkFFRnc/edit?usp=sharing

Copy the files into your appdata directory - if you are unfamiliar with the process then check this link http://wiki.hobonickels.info/index.php?title=Replace_Blockchain

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May 05, 2014, 05:50:56 AM
 #273

Thank you !! new miner is coming

Only reason we die is because we accept the death I can tr. into French, seriously < 1-12 hours
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May 05, 2014, 06:58:35 PM
 #274

New wallet version coming soon.

v1.1 adds fixed icons, qt5 compatibility, and I also had my graphic designer friend work on completely redesigning all of the wallet buttons.  Should be a nice facelift for the wallet.

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May 05, 2014, 07:22:27 PM
 #275

New wallet version coming soon.

v1.1 adds fixed icons, qt5 compatibility, and I also had my graphic designer friend work on completely redesigning all of the wallet buttons.  Should be a nice facelift for the wallet.

Then next time please think about the HBN buttons, too. I think, the HBN wallet design is the only thing that's not perfect in it. Smiley
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May 05, 2014, 08:16:06 PM
 #276

New wallet version coming soon.

v1.1 adds fixed icons, qt5 compatibility, and I also had my graphic designer friend work on completely redesigning all of the wallet buttons.  Should be a nice facelift for the wallet.

Then next time please think about the HBN buttons, too. I think, the HBN wallet design is the only thing that's not perfect in it. Smiley

Which buttons?? The multi-wallet window?

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May 06, 2014, 05:07:45 AM
 #277

I read about TEKcoin thanks to tokyoghetto on his famous HBN investment journal. I see that TEKcoin has a 480% interest rate per year, that's truly impressive for fire-and-forget people like me (I am not good at day-trading, that's for sure).

Four questions:
- Is there any coin with a higher interest rate than this one?
- Why this coin was created? To get the highest interest rate or there is more to it? I suppose the goal is to discourage any attempt at selling, even at high prices (or only the result of your stake) and I guess there is a coin-control wallet, right?
- Why a shacoin? Sha is much more energy-hungry that scrypt If tek was created now, I would use X11 for the purpose of energy efficiency (or CryptoNight if CPU draws less energy than GPU, which I don't know). Maybe the least energy-intensive would be an scrypt-ASIC (scrypt has a lower energy footprint than SHA and ASIC are more efficient than anything else)
- Where is the source for the wallet? Where is the Linux wallet?

Thank you.

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May 06, 2014, 05:30:50 AM
 #278

I read about TEKcoin thanks to tokyoghetto on his famous HBN investment journal. I see that TEKcoin has a 480% interest rate per year, that's truly impressive for fire-and-forget people like me (I am not good at day-trading, that's for sure).

Four questions:
- Is there any coin with a higher interest rate than this one?
- Why this coin was created? To get the highest interest rate or there is more to it? I suppose the goal is to discourage any attempt at selling, even at high prices (or only the result of your stake) and I guess there is a coin-control wallet, right?
- Why a shacoin? Sha is much more energy-hungry that scrypt If tek was created now, I would use X11 for the purpose of energy efficiency (or CryptoNight if CPU draws less energy than GPU, which I don't know). Maybe the least energy-intensive would be an scrypt-ASIC (scrypt has a lower energy footprint than SHA and ASIC are more efficient than anything else)
- Where is the source for the wallet? Where is the Linux wallet?

Thank you.

The goal for me is to keep compounding coins and own a large share of the coin.  Others might be more into day trading etc, but do what you like best.

I am not sure if sha256 is the most efficient, but it is widely used which adds a bit more security to the blockchain.

You can find the official source code on the repo https://github.com/maxxine/TEK
I have added a few features to the wallet and it can be found at this repo https://github.com/presstab/TEK

The linux and windows wallets are compiled from the same source code.

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May 06, 2014, 10:29:35 AM
 #279

if we can have a mac wallet Smiley

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May 06, 2014, 01:37:45 PM
 #280

Thank presstab (I read you at the beginning on the HBN investment thread, before I got to too tired to read anyone else than tokyoghetto)

I am not sure if sha256 is the most efficient, but it is widely used which adds a bit more security to the blockchain.
I thought scrypt was more common, even in late 2013. Plus, the way I understand it, what matters is what people are mining at. ASIC mining BTC are no use for securing the TEK blockchain, right? Especially if TEKcoin is not merged-mined.

You can find the official source code on the repo https://github.com/maxxine/TEK
I have added a few features to the wallet and it can be found at this repo https://github.com/presstab/TEK
Great, I will download from your source, then. Do you have a changelog (compared to the official wallet)?

Since you did not answer to question 1 (coin with a higher interest rate than TEK), I guess TEKcoin is the highest interest here. I like the fact that its price doesn't change a lot (well, the linear scaling on cryptsy doesn't make it easy to check, especially with no zoom function). For me, this means the "high-stake to prevent price manipulation" way works well.

One extra question: how would you compare TEK to HBN? What does HBN has that TEK doesn't? Higher price fluctuation, making it easier to buy low?

Thanks

EDIT: why is there so few activity on this thread and for so long? It doesn't inspire me confidence.

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