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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 430159 times)
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Biomech
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October 05, 2014, 05:19:10 PM
 #2641

Hey guys, two things to report, one good one not.

First, I had a tek block stake today that had just one coin in it. This was an experiment on my part, cuz I keep seeing people saying that you have to have hundreds of coins to even have a chance at staking. Nope. Took 7 days from maturity, staked at just over 39 percent. My wallet is on my other computer, so I don't have the exact number. Sorry about that, I'll update later.

The bad news, I have not had time to try to compile a windows wallet and write a guide. Not blowing anyone off on this, I just have a tremendous amount of paying work to do. I will get to it, hopefully in the next couple of days. My apologies, but I have to feed my family ahead of this.

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aigeezer
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October 05, 2014, 06:47:19 PM
 #2642



I will get to it, hopefully in the next couple of days. My apologies, but I have to feed my family ahead of this.

Let them eat cake!

Seriously - what's a few more days here or there - I am too old to be in a hurry about anything. Don't burn out.             Wink
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October 05, 2014, 08:08:14 PM
 #2643



I will get to it, hopefully in the next couple of days. My apologies, but I have to feed my family ahead of this.

Let them eat cake!

Seriously - what's a few more days here or there - I am too old to be in a hurry about anything. Don't burn out.             Wink
wanted to update that i hadn't forgot about you and this issue, though i have to go by what others say really i am no expert i did speak with flubber about it and his reasoning about possible causes. This is some info i can pass along at least.

There is slight difference in the way tek has irc.cpp and irc.h, other wallets do not have it separated so therefore a possible false positive as the av tags the ircseed as a kinda virus. The old build was non-static also so that could be why it didn't flag. Visrustotal updates with definitions though and could maybe flag older now too.

Grabbing a compile of the old source hopefully will not flag now, but it might. If BioMech pulls it off i will shoot him some bounty too for sure. I have found some better instructions than the last time i tried, ill pass them along and probably take a few cracks at it soon myself.

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October 05, 2014, 08:57:14 PM
 #2644

-- encouraging stuff --

Good to see - thanks! I just got some cheap TEK from an old half-forgotten lowball buy order on Cryptsy, so I'm still in the game - sorta. Ironically I'll have to leave it on the exchange if I want any control over it until the Windows wallet thing gets sorted out. Meanwhile, the BTC sky is falling (commodities also, I hear) so that distraction will keep many of us busy for a while, I imagine.         
aSmallChild666
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October 05, 2014, 11:40:46 PM
 #2645

Currently staking 2737 TEK at 37.51% after 32 days at Difficulty ~0.000112.
gnargnar
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October 06, 2014, 02:32:06 AM
 #2646

hi,

why i'm not able to fully download the blockchain?
i've downloaded the windows-qt fix version. not using a conf file. it always stuck at around 94-96%.
i tried to run it with the -rescan command, i tried to delete everything in the roaming and restart, even looked thru all the pages to get some info for a .conf file... but still can't sync.
been on this for 3 days now. what's the trick ?

edit :
i"m stucked at block 538808 (of 579771) 92.93% done.
Last received block was generated 25 seconds ago...

?!?  Huh

zeewolf
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October 06, 2014, 03:54:15 PM
 #2647

Right now @diff 0.00009240 I had two stakes, after 38.7 days gives me 47.87%, so ~37% per 30 days, not bad.

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October 06, 2014, 06:05:30 PM
 #2648

problem is you are assuming the price/TEK stays the same, this aint gonna happen. The price /TEK is gonna go down the more TEK are minted. No way is $100 going to be worth $2000+ after a year

you miss the point entirely, its a comparison to CAP, of course it assumes prices are stable, and history over the last year proves your theory of prices wrong.

Ok thats fine, i have around 20k TEK currently worth 2.3 bitcoins ($662 at top buy price), in 12 months time i should have around 466000 TEK coins with a 53.6 bitcoin value($15,437) Smiley sure hope so

how is the stake rate gonna taper down once large amounts of coins start staking?

Following on from this, current Tek amount minted = ~2,554,000 current market cap 306.4 bitcoins or $107,881
12 months at 30% stake total TEK coins ~59,502,866
60 million coins x  0.00012/TEK(current buy price) = market cap of 7200 bitcoin or $2,534,400.00
i think my sums are correct:)

assuming price/TEK and bitcoin/USD stays in the same ballpark and 30% stake stays constant (stake rate will reduce over time as it has since launch 50% originally) Wink


as an investor in TEK and hopefully for the benefit of other TEK coin holders

1. original question-how is the stake rate gonna taper down once large amounts of coins start staking?

2. is there a plan/roadmap for features etc for TEKcoin

so i guess the next question should be

3.where is the added value in TEK coin coming from to sustain the above growth in market cap of the coin?(as Thundertoe states "history over the last year proves your theory of prices wrong" which implies that price/TEK will not change fundamentally) TEK coin is not worth $2 million market cap just because it is there/exists

anyone care to answer the above questions for us?
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October 06, 2014, 07:07:48 PM
 #2649

problem is you are assuming the price/TEK stays the same, this aint gonna happen. The price /TEK is gonna go down the more TEK are minted. No way is $100 going to be worth $2000+ after a year

you miss the point entirely, its a comparison to CAP, of course it assumes prices are stable, and history over the last year proves your theory of prices wrong.

Ok thats fine, i have around 20k TEK currently worth 2.3 bitcoins ($662 at top buy price), in 12 months time i should have around 466000 TEK coins with a 53.6 bitcoin value($15,437) Smiley sure hope so

how is the stake rate gonna taper down once large amounts of coins start staking?

Following on from this, current Tek amount minted = ~2,554,000 current market cap 306.4 bitcoins or $107,881
12 months at 30% stake total TEK coins ~59,502,866
60 million coins x  0.00012/TEK(current buy price) = market cap of 7200 bitcoin or $2,534,400.00
i think my sums are correct:)

assuming price/TEK and bitcoin/USD stays in the same ballpark and 30% stake stays constant (stake rate will reduce over time as it has since launch 50% originally) Wink


as an investor in TEK and hopefully for the benefit of other TEK coin holders

1. original question-how is the stake rate gonna taper down once large amounts of coins start staking?

2. is there a plan/roadmap for features etc for TEKcoin

so i guess the next question should be

3.where is the added value in TEK coin coming from to sustain the above growth in market cap of the coin?(as Thundertoe states "history over the last year proves your theory of prices wrong" which implies that price/TEK will not change fundamentally) TEK coin is not worth $2 million market cap just because it is there/exists

anyone care to answer the above questions for us?

1) already been answered in the code... one acronym... NVCS

Your other two are variables that I don't have in my equations yet so I'm not sure.

This space not for rent...
gnargnar
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October 06, 2014, 09:03:51 PM
 #2650

hi,

why i'm not able to fully download the blockchain?
i've downloaded the windows-qt fix version. not using a conf file. it always stuck at around 94-96%.
i tried to run it with the -rescan command, i tried to delete everything in the roaming and restart, even looked thru all the pages to get some info for a .conf file... but still can't sync.
been on this for 3 days now. what's the trick ?

edit :
i"m stucked at block 538808 (of 579771) 92.93% done.
Last received block was generated 25 seconds ago...

?!?  Huh



ok ok .. thanks for helping me.

my windows wallet says i'm up-to-date, sync'ed...
a getinfo gives me : blocks 539353
and based on tek.blockx.info/get/chain/TekCoin, the current block height is : 580560

??  tell me what, why, how to.
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October 06, 2014, 10:44:57 PM
 #2651

drop into the tekcoin irc channel at ##tekcoin for some live chat about crypto, tekcoin, or whatever.
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October 07, 2014, 12:39:52 AM
 #2652

So...is there anything is the works right now that might bring some excitement or potential new investment to this coin? In reading back through previous posts, I know that things are in the works, but I haven't seen any clear direction or gameplan in place. Who is the active developer on this? Meaning, who is the person who is able to modify the code, update the wallet, etc? Not some middleman working out deals to get things done.

One thing I really like about Hyperstake, HBN, and CAP is that Presstab, Tranz, and David are VERY active in the development and community. Questions are asked, and those questions are quickly answered. Here at Tek, questions are asked and the answers are (sort of) given by community members, usually with responses like " I spoke to someone who's working the issue and I should know something soon" etc etc.

So I ask, who is in charge exactly? I've been with Tek for 6 months now and I still don't quite understand who is actually in charge of the health and sustainability of the coin? I get the developer cant control of the success or profit of a coin, but one thing i've learned in altcoin trading is that active development attracts new investment. So, whomever is in charge, please provide clear guidance and new innovation to help spring this amazing coin back to life. If we keep with the status quo, we might as well move on because this ship has too many holes in it to stay afloat.

Just my two cents. 
Biomech
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October 07, 2014, 02:34:26 AM
 #2653

So...is there anything is the works right now that might bring some excitement or potential new investment to this coin? In reading back through previous posts, I know that things are in the works, but I haven't seen any clear direction or gameplan in place. Who is the active developer on this? Meaning, who is the person who is able to modify the code, update the wallet, etc? Not some middleman working out deals to get things done.

One thing I really like about Hyperstake, HBN, and CAP is that Presstab, Tranz, and David are VERY active in the development and community. Questions are asked, and those questions are quickly answered. Here at Tek, questions are asked and the answers are (sort of) given by community members, usually with responses like " I spoke to someone who's working the issue and I should know something soon" etc etc.

So I ask, who is in charge exactly? I've been with Tek for 6 months now and I still don't quite understand who is actually in charge of the health and sustainability of the coin? I get the developer cant control of the success or profit of a coin, but one thing i've learned in altcoin trading is that active development attracts new investment. So, whomever is in charge, please provide clear guidance and new innovation to help spring this amazing coin back to life. If we keep with the status quo, we might as well move on because this ship has too many holes in it to stay afloat.

Just my two cents. 

Thinnk its biomeck as dev. Seems very busy he says.
Thundertoe is the dev, creator of the coin. I'm probably the biggest cheerleader, and He and I have batted around the idea of me taking the wheel. But I'd be more of a project manager as my coding skills are, well, atrocious. Most of the time the behind the scenes development is done by various friends and colleagues of Thundertoe, sometimes for bounty and sometimes just because they're tekheads. I have no official position in the development process aside from a love of the coin and being friends with the guys who do the work.

My real job is working for Incryptex, a soon to launch exchange with huge ambitions. And yes, I'm extremely busy and likely to get busier. But I love TEK and HYP and FIRE, so I keep up with 'em as best I can.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
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October 07, 2014, 02:46:41 AM
 #2654

Just to report here that i was having a hard time sync'ing my windows wallet,
but just by going to the irc ##tekcoin , both thundertoe and Trololoh helped me get this sorted. Wink

All is fine now, wallet in sync and gonna move few k's of TEK right in my wallet for staking!  
yep... those tek are out the market for good lol  Cheesy

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October 07, 2014, 05:35:52 AM
 #2655

So...is there anything is the works right now that might bring some excitement or potential new investment to this coin? In reading back through previous posts, I know that things are in the works, but I haven't seen any clear direction or gameplan in place. Who is the active developer on this? Meaning, who is the person who is able to modify the code, update the wallet, etc? Not some middleman working out deals to get things done.

One thing I really like about Hyperstake, HBN, and CAP is that Presstab, Tranz, and David are VERY active in the development and community. Questions are asked, and those questions are quickly answered. Here at Tek, questions are asked and the answers are (sort of) given by community members, usually with responses like " I spoke to someone who's working the issue and I should know something soon" etc etc.

So I ask, who is in charge exactly? I've been with Tek for 6 months now and I still don't quite understand who is actually in charge of the health and sustainability of the coin? I get the developer cant control of the success or profit of a coin, but one thing i've learned in altcoin trading is that active development attracts new investment. So, whomever is in charge, please provide clear guidance and new innovation to help spring this amazing coin back to life. If we keep with the status quo, we might as well move on because this ship has too many holes in it to stay afloat.

Just my two cents. 

well //I think of tekcoin as the alternative to hardware miners// as is mints predictable amount of coins in 30 days. no electricity waste and no waiting time to get your machine + you can invest small amount no need in 10000$ to get the hardware
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October 07, 2014, 10:44:22 AM
 #2656

So...is there anything is the works right now that might bring some excitement or potential new investment to this coin? In reading back through previous posts, I know that things are in the works, but I haven't seen any clear direction or gameplan in place. Who is the active developer on this? Meaning, who is the person who is able to modify the code, update the wallet, etc? Not some middleman working out deals to get things done.

One thing I really like about Hyperstake, HBN, and CAP is that Presstab, Tranz, and David are VERY active in the development and community. Questions are asked, and those questions are quickly answered. Here at Tek, questions are asked and the answers are (sort of) given by community members, usually with responses like " I spoke to someone who's working the issue and I should know something soon" etc etc.

So I ask, who is in charge exactly? I've been with Tek for 6 months now and I still don't quite understand who is actually in charge of the health and sustainability of the coin? I get the developer cant control of the success or profit of a coin, but one thing i've learned in altcoin trading is that active development attracts new investment. So, whomever is in charge, please provide clear guidance and new innovation to help spring this amazing coin back to life. If we keep with the status quo, we might as well move on because this ship has too many holes in it to stay afloat.

Just my two cents.  

well //I think of tekcoin as the alternative to hardware miners// as is mints predictable amount of coins in 30 days. no electricity waste and no waiting time to get your machine + you can invest small amount no need in 10000$ to get the hardware

That was my thought too, but the price/volume isn't good enough to support even *one* $10k TEK investor looking to use it instead of a miner. Volume needs to get a little higher. Price needs to stabilize. People were paying 127k+ sat for TEK near the end of June. Quite a loss for them atm Sad

I shall say that dedicated TEK paying multipool is a must for the coin to have, the multipool will open BUY orders at api-enabled exchanges lets say every hour at the last market price - and that will provide more trading volume and good for the price too. And if we have community members willing to support the TEKcoin can proove it by putting as much hashing power as they can.. so it will work as direct HASPOWER = VALUE connection!
We need this multipool now and this multipool needs you fo TEKcoin! G

Also we need to put this POS difficulty staking trigger to the next version of the wallet!
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October 07, 2014, 02:08:19 PM
 #2657




That was my thought too, but the price/volume isn't good enough to support even *one* $10k TEK investor looking to use it instead of a miner. Volume needs to get a little higher. Price needs to stabilize. People were paying 127k+ sat for TEK near the end of June. Quite a loss for them atm Sad
[/quote]

i don't see any of the high pos coins being able to sustain current price and absorb that dump, interesting how you choose to only point your finger at that issue on TEK not your "favorites". Buy low sell high, this is a high risk game trade accordingly.
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October 07, 2014, 05:03:50 PM
 #2658

Unfortunately all these high POS coins are marketed the same way, if you invest x amount of dollars into the coin you will receive x% of stake/month giving you x amount of dollars after stake when in reality all you are guaranteed are additional coins, without coin development market cap of coin will probably not rise in any sustainable way, Its misleading at best !

Don't think a multipool is a good idea either, if a multipool is more profitable that directly mining TEK, who is gonna mine TEK?
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October 07, 2014, 05:42:19 PM
 #2659

Don't get me wrong, i love TEK, and i look forward to receiving my monthly stake but things seem to have ground to a halt with regard to coin development and i am not too keen being a daytraders plaything Tongue
I think i have a quite powerful TEK stake "miner" and don't intend to sell a majority of my staked coins anytime soon, i just think its right that any new investors (or existing investors) should see these high POS coins for what they are and they should not expect to receive a high percentage return on their $ investment every month as some of the statements on here imply. Perhaps (TEKcoin Superstake - High % coin holding increase in 30+ days) would be a better description Smiley
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October 07, 2014, 07:40:43 PM
 #2660

Unfortunately all these high POS coins are marketed the same way, if you invest x amount of dollars into the coin you will receive x% of stake/month giving you x amount of dollars after stake when in reality all you are guaranteed are additional coins, without coin development market cap of coin will probably not rise in any sustainable way, Its misleading at best !

Don't think a multipool is a good idea either, if a multipool is more profitable that directly mining TEK, who is gonna mine TEK?

I agree with that. And actually based part of my interview with bitcoinist.net on that very issue.

Quote
5.       What do you say to people that read this as “multiply profits by 7.5x in a year”?

The value gained from staking HYP needs to be considered a bit differently from the average coin. In a way, HYP’s stake rate is not 750%, it is a number that is decided by the market.  This number equals the cost you bought HYP for in BTC compared to the amount you are able to sell your HYP for after accounting for your staking.

Currently, if you bought in at our launch and have staked, the market has decided that this is close to a 1000% value gain (at the current market price). But if you were to buy at the top of a market wave, you could in fact lose some value if you do not compound your stake for a few months.

Focusing on gaining value through stake is something we try to avoid within our community, and instead we really try hard to make the focus of HyperStake to be about the coin and wallet technology, and of course our community too. The market exchange rate should not be the main focus of any coin, and if it is then something is wrong.

presstab's Block Explorer Service | Only $10/mo for most coins! | Richlist w/ Address Claim | Market Cap Charts | Stake Weight Tracking | PoS % Rate Tracking
PIVX - Private Instant Verified Tx | HyperStake - Fun & Easy High Reward Staking
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