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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 443615 times)
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kiklo
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October 18, 2015, 05:19:35 AM
 #4261

Just a thought,

Instead of changing it so smaller blocks don't stake,
why not change it so that tekcoin can earn interest every 10 or 15 days instead of 30 .

Even if the difficulty makes it so you only earn 20 % or less , if you are able to stake more frequently it could make up for it.
At 10 days , you could make as little as 13.33% , but x 3 = 40%
or at 15 days , you could make ~20% , but x 2  = ~40%

Plus it would be a good draw for people that like faster staking coins.

 Cool
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Biomech
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October 18, 2015, 05:56:07 AM
 #4262

Just a thought,

Instead of changing it so smaller blocks don't stake,
why not change it so that tekcoin can earn interest every 10 or 15 days instead of 30 .

Even if the difficulty makes it so you only earn 20 % or less , if you are able to stake more frequently it could make up for it.
At 10 days , you could make as little as 13.33% , but x 3 = 40%
or at 15 days , you could make ~20% , but x 2  = ~40%

Plus it would be a good draw for people that like faster staking coins.

 Cool

For me, this would be the wrong move. The longer period is part of the charm of the coin to my way of thinking. There are a lot of fast staking coins, several of which I'm involved in. TEK is the one that sits in the back and does it's thing. I like that.

I agree with Thundertoe on microstaking. I do think it might be a bit unfair for the really small holder, but the fact is that at this moment, 1K is not a lot of money. It's what, .02 BTC more or less? If you really are after the staking, not just day trading, it's not a big deal to accumulate 1000 TEK. And after the first 90 days, with the diff not driving the return into the basement, it'll level out.

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October 18, 2015, 07:44:02 AM
 #4263

For me, this would be the wrong move. The longer period is part of the charm of the coin to my way of thinking. There are a lot of fast staking coins, several of which I'm involved in. TEK is the one that sits in the back and does it's thing. I like that.

I agree with Thundertoe on microstaking. I do think it might be a bit unfair for the really small holder, but the fact is that at this moment, 1K is not a lot of money. It's what, .02 BTC more or less? If you really are after the staking, not just day trading, it's not a big deal to accumulate 1000 TEK. And after the first 90 days, with the diff not driving the return into the basement, it'll level out.

Understandable, everyone has their preferences, me I like to see a 15 day payout , even if the rate was only 20% every time it earned interest

Is'nt the block restriction just a temporary fix, and tek will be at the same problem in a ~ year  as it's total number grows.
Or is everyone thinking limiting interest on blocks below 1000 is a permanent fix?

Not to be a devils advocate , but if no one want to change the specs, why not just have the code fixed where difficulty does not affect the interest rate or is that oversimplifying the problem?

 Cool
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October 18, 2015, 12:23:18 PM
 #4264

wtf, you deleted a fair comment thundertoe, censorship helps nobody!!

WTS ~150k TEK

Quote

bad call Big Toe, that dude is just maximizing his stake returns, that doesn't make him an asshole any more than a guy who uses an accountant to minimise his tax.

you're out of line with that comment IMO, but it's your coin, so you can insult your posse if you want to

what exactly is the 'asshole' doing?

IMO Thundertoe was on the ball in calling those who were gaming the system 'assholes'. It was they who were censoring (deleting) easily achievable staking difficulties and deprived others of realising their full potential stakes.

Paraphrasing the top of this thread reads that it is self-moderated and if you don't want to be censored, don't post. Thundertoe was just maximising what he can legitimately do, just like the guy you mentioned who uses an accountant to avoid tax.

I view your comments to be unhelpful, particularly at this point in time, and I should imagine that they are out of line with the views of most ordinary TEKstakers. Furthermore, I suspect your motives.

The dummy spit is deleting posts containing alternate opinions. I'm not interested in investing $$ in a coin that expects user goodwill to survive. A good dev should expect people to try and game every advantage, especially alt coins which are basically science experiments. Did thundertoe want to discover the effects of HIS coin paramter choices after TEK was being used in the wild by millions of users? A good dev should welcome every attempt to destroy his coin, that's how they'll get better and survive, it's evolution. I can't believe some of you guys want TEK to be like an old boys club where everyone plays by the rules, and naughty boys get banished for saying nasty things.

People gaming things is as old as human kind.   
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October 18, 2015, 02:24:34 PM
 #4265

wtf, you deleted a fair comment thundertoe, censorship helps nobody!!

WTS ~150k TEK

Quote

bad call Big Toe, that dude is just maximizing his stake returns, that doesn't make him an asshole any more than a guy who uses an accountant to minimise his tax.

you're out of line with that comment IMO, but it's your coin, so you can insult your posse if you want to

what exactly is the 'asshole' doing?

IMO Thundertoe was on the ball in calling those who were gaming the system 'assholes'. It was they who were censoring (deleting) easily achievable staking difficulties and deprived others of realising their full potential stakes.

Paraphrasing the top of this thread reads that it is self-moderated and if you don't want to be censored, don't post. Thundertoe was just maximising what he can legitimately do, just like the guy you mentioned who uses an accountant to avoid tax.

I view your comments to be unhelpful, particularly at this point in time, and I should imagine that they are out of line with the views of most ordinary TEKstakers. Furthermore, I suspect your motives.

The dummy spit is deleting posts containing alternate opinions. I'm not interested in investing $$ in a coin that expects user goodwill to survive. A good dev should expect people to try and game every advantage, especially alt coins which are basically science experiments. Did thundertoe want to discover the effects of HIS coin paramter choices after TEK was being used in the wild by millions of users? A good dev should welcome every attempt to destroy his coin, that's how they'll get better and survive, it's evolution. I can't believe some of you guys want TEK to be like an old boys club where everyone plays by the rules, and naughty boys get banished for saying nasty things.

People gaming things is as old as human kind.  

As an investor, I for one don't appreciate anyone "attempting to destroy" Tekcoin. It will be 51% attacks next. What an arsehole! I'm sure Thundertoe's intervention will restore the integrity of this coin.
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October 18, 2015, 02:40:44 PM
 #4266

wtf, you deleted a fair comment thundertoe, censorship helps nobody!!

WTS ~150k TEK

Quote

bad call Big Toe, that dude is just maximizing his stake returns, that doesn't make him an asshole any more than a guy who uses an accountant to minimise his tax.

you're out of line with that comment IMO, but it's your coin, so you can insult your posse if you want to

what exactly is the 'asshole' doing?

IMO Thundertoe was on the ball in calling those who were gaming the system 'assholes'. It was they who were censoring (deleting) easily achievable staking difficulties and deprived others of realising their full potential stakes.

Paraphrasing the top of this thread reads that it is self-moderated and if you don't want to be censored, don't post. Thundertoe was just maximising what he can legitimately do, just like the guy you mentioned who uses an accountant to avoid tax.

I view your comments to be unhelpful, particularly at this point in time, and I should imagine that they are out of line with the views of most ordinary TEKstakers. Furthermore, I suspect your motives.

The dummy spit is deleting posts containing alternate opinions. I'm not interested in investing $$ in a coin that expects user goodwill to survive. A good dev should expect people to try and game every advantage, especially alt coins which are basically science experiments. Did thundertoe want to discover the effects of HIS coin paramter choices after TEK was being used in the wild by millions of users? A good dev should welcome every attempt to destroy his coin, that's how they'll get better and survive, it's evolution. I can't believe some of you guys want TEK to be like an old boys club where everyone plays by the rules, and naughty boys get banished for saying nasty things.

People gaming things is as old as human kind.  

As an investor, I for one don't appreciate anyone "attempting to destroy" Tekcoin. It will be 51% attacks next. What an arsehole! I'm sure Thundertoe's intervention will restore the integrity of this coin.

and thundertoe has a chance to fix a problem when user numbers are extremely small, so it's a GOOD thing for you as an investor ... right! The guys gaming the system force an improvement ... agreed?

when i drive a car I feel better knowing people literally drove that mother into walls at high speed to smash it to pieces to find the weal spots, so they fix them before I drive it on the open road. Those guys smashing cars, or cracking networks, or testing drugs on rats are trying to break things, to find weaknesses and problems, then fix them.

allcryptos including TEK and bitcoin even need to be stressed tested before mass adoption. any dev who doesn't willingly accept that better re-think their strategy IMO. Losing a few 100 bucks now is relatively painless, but what about when marketcap was a billion, and your loss is in the millions?

calling people assholes for stress testing TEK parameters shows a fundamental mis-understanding of what stage of development alt coins are in.
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October 18, 2015, 02:53:17 PM
 #4267

wtf, you deleted a fair comment thundertoe, censorship helps nobody!!

WTS ~150k TEK

Quote

bad call Big Toe, that dude is just maximizing his stake returns, that doesn't make him an asshole any more than a guy who uses an accountant to minimise his tax.

you're out of line with that comment IMO, but it's your coin, so you can insult your posse if you want to

what exactly is the 'asshole' doing?

IMO Thundertoe was on the ball in calling those who were gaming the system 'assholes'. It was they who were censoring (deleting) easily achievable staking difficulties and deprived others of realising their full potential stakes.

Paraphrasing the top of this thread reads that it is self-moderated and if you don't want to be censored, don't post. Thundertoe was just maximising what he can legitimately do, just like the guy you mentioned who uses an accountant to avoid tax.

I view your comments to be unhelpful, particularly at this point in time, and I should imagine that they are out of line with the views of most ordinary TEKstakers. Furthermore, I suspect your motives.

The dummy spit is deleting posts containing alternate opinions. I'm not interested in investing $$ in a coin that expects user goodwill to survive. A good dev should expect people to try and game every advantage, especially alt coins which are basically science experiments. Did thundertoe want to discover the effects of HIS coin paramter choices after TEK was being used in the wild by millions of users? A good dev should welcome every attempt to destroy his coin, that's how they'll get better and survive, it's evolution. I can't believe some of you guys want TEK to be like an old boys club where everyone plays by the rules, and naughty boys get banished for saying nasty things.

People gaming things is as old as human kind.  

As an investor, I for one don't appreciate anyone "attempting to destroy" Tekcoin. It will be 51% attacks next. What an arsehole! I'm sure Thundertoe's intervention will restore the integrity of this coin.

and thundertoe has a chance to fix a problem when user numbers are extremely small, so it's a GOOD thing for you as an investor ... right! The guys gaming the system force an improvement ... agreed?

when i drive a car I feel better knowing people literally drove that mother into walls at high speed to smash it to pieces to find the weal spots, so they fix them before I drive it on the open road. Those guys smashing cars, or cracking networks, or testing drugs on rats are trying to break things, to find weaknesses and problems, then fix them.

allcryptos including TEK and bitcoin even need to be stressed tested before mass adoption. any dev who doesn't willingly accept that better re-think their strategy IMO. Losing a few 100 bucks now is relatively painless, but what about when marketcap was a billion, and your loss is in the millions?

calling people assholes for stress testing TEK parameters shows a fundamental mis-understanding of what stage of development alt coins are in.

Let's be clear about this. You are only piping up because Thundertoe is about to improve Tekcoin and make it more bullet-proof against people like you. Stress testing were you? What a laugh.

You tried to divert attention away from the proposed changes by making a mountain out of a molehill - in an effort to undermine what Thundertoe was trying to do. People calling others arseholes is as old as humankind. Sometimes it puts into a nutshell exactly what they are.
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October 18, 2015, 03:41:18 PM
 #4268

i deleted the silly post because it was misleading and wrong. I will say it again, microstaking is only valuable as a dick move to lower other peoples stake. You do not earn a better overall rate microstaking it is much worse since you do not get to compound. Larger blocks compound faster.

Everyone has been warned and when the short notice hardfork rolls out we will likely remove coinage from blocks under 1k.
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October 18, 2015, 10:05:33 PM
 #4269

calling people assholes for stress testing TEK parameters shows a fundamental mis-understanding of what stage of development alt coins are in.

Stress testing?  Really?  That's what you call it?  Sure... and the answer for the "stress" is to remove the "stress" from the network...

This space not for rent...
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October 18, 2015, 10:18:41 PM
 #4270

Please go vote TEK to be added to CoinPayments!!

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October 18, 2015, 10:31:39 PM
 #4271

Please go vote TEK to be added to CoinPayments!!

Quote
* - All coins are subject to delisting upon 90 days if minimum monthly volume is below $5,000 USD. Requested extensions can be purchased for $250 USD for an additional 90 days.

https://www.coinpayments.net/addcoin

Large expectation there...

Approx (with btc @ 275usd and tek @ 2363sat) 773k per month minimum... or approx 25.5k per day...

This space not for rent...
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October 18, 2015, 11:33:23 PM
 #4272

needs to happen though... Allows businesses to accept the coin with ease,

There are other coins there that don't even come close the that limit, so I am wondering if that is a hard limit

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October 18, 2015, 11:43:00 PM
 #4273

Please go vote TEK to be added to CoinPayments!!

Quote
* - All coins are subject to delisting upon 90 days if minimum monthly volume is below $5,000 USD. Requested extensions can be purchased for $250 USD for an additional 90 days.

https://www.coinpayments.net/addcoin

Large expectation there...

Approx (with btc @ 275usd and tek @ 2363sat) 773k per month minimum... or approx 25.5k per day...

Why don't we use the exchanges that already list Tekcoin in addition to Cryptsy? I would like to mention Cryptopia:

Cryptopia

Cryptopia already has Tekcoin on its books https://www.cryptopia.co.nz/

Cryptopia has been around since 2014. Besides Tekcoin, Cryptopia has a large selection of other altcoins and gives me the impression that it is really trying. Helping them to thrive could be a good insurance policy for Tekcoin. It's not good to be totally dependent on one exchange. There is a lot going on at Cryptopia.

Tekcoin is listed in seven altcoin base markets on Cryptopia:

  • Bitcoin/HBN
  • Dotcoin
  • Litecoin/HBN
  • Dogecoin/HBN
  • Feathercoin/HBN
  • Popularcoin/HBN
  • Unobtanium/HBN

... so there are plenty of opportunities for arbitraging! In fact they have quite an interesting arbitrage page where the prices of altcoins are compared on various exchanges.

Cryptopia is based in New Zealand, which means that it is less prone to US regulation and clampdowns. I still like Cryptsy, but they are currently going through some turbulence. Cryptopia could become a good standby if Cryptsy, God forbid, goes down for any reason. And they don't seem to delist like other exchanges. Cryptopia deserves to succeed IMHO.

At the moment trading volumes are on the low side, but I'm sure that we could do something about that. Some of us could send a portion of our Tek stakings to Cryptopia to keep them growing. I have made a similar post on the HoboNickels page. Please spread the word to other altcoins - they are most probably listed on Cryptopia. If you are of a mind to, perhaps you could mention Cryptopia to the other altcoins that you deal with?

https://twitter.com/Cryptopia_NZ
https://www.facebook.com/cryptopiaexchange
https://www.linkedin.com/company/cryptopia-limited

Airlift some BTC, Tek and other altcoins over there and let's give them some custom!  Wink
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October 19, 2015, 03:24:39 AM
 #4274

I agree, as that is where I do my trading for past month or so, but we still need integration into payment processors which will give crypto a real use other than a speculative investment

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October 19, 2015, 05:02:24 AM
 #4275

Cryptopia is a great exchange - just some coins there get little to no volume.
Now that you are getting the word out we may see an uptick in usage there.

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October 19, 2015, 05:53:28 AM
 #4276

i deleted the silly post because it was misleading and wrong. I will say it again, microstaking is only valuable as a dick move to lower other peoples stake. You do not earn a better overall rate microstaking it is much worse since you do not get to compound. Larger blocks compound faster.

Everyone has been warned and when the short notice hardfork rolls out we will likely remove coinage from blocks under 1k.

For what it's worth, I fully support Thundertoe's plan to prevent assholes from micro-staking and to prevent them from dick-blocking other people's stake returns.

I've been a long time TEK holder and fan and I can't wait for the hardfork to take place.
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October 19, 2015, 06:39:45 AM
 #4277

i deleted the silly post because it was misleading and wrong. I will say it again, microstaking is only valuable as a dick move to lower other peoples stake. You do not earn a better overall rate microstaking it is much worse since you do not get to compound. Larger blocks compound faster.

Everyone has been warned and when the short notice hardfork rolls out we will likely remove coinage from blocks under 1k.

For what it's worth, I fully support Thundertoe's plan to prevent assholes from micro-staking and to prevent them from dick-blocking other people's stake returns.

I've been a long time TEK holder and fan and I can't wait for the hardfork to take place.

Agree 100%. . micro stakers have the right to do it. Community has right to complain. Dev.  is the man.

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October 19, 2015, 12:25:40 PM
 #4278


And today as well, by all accounts... over 200 stake transactions today alone, not one of which is over 200TEK, from what I can see...
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October 19, 2015, 05:10:17 PM
 #4279

Please give me as much heads up as possible for an upcoming fork, with the fork code, so long as you want the explorer to stay on the correct chain through the fork. My system is a little more complicated than fetching the current repo and rebuilding.

Projects I Contribute To: libzerocoin | Veil | PIVX | HyperStake | Crown | SaluS
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October 20, 2015, 11:41:18 AM
 #4280

Cryptopia, yes I was a fan for a couple of days, then I had a problem when I withdrew some coins and the transaction was 100 down,
later the same day I noticed the details on the mining pool page where not changing so I pulled my miner and withdrew my coins
but there are 200+ stuck because they are not confirming. I informed Cryptopia through support about this and have not had a reply.
That was 48 hours ago and the pool is still stuck it seems and is an open invitation for people to waste their mining power.
I have also noticed that other miners continued mining for at least 24 hours after I stopped, so where their mining proceeds are going
I don't know, I also don't know where a couple of hours of mine have gone either.  When the pools are not working it seems difficult to
actually tell that they are not at a glance and I advise people to be vigilant.

(Edit) 24 hours later I have received the 200+ coins that where missing from my mining earnings but have not received any replies to
messages that I sent, only the usual auto responder notifications that they have been received.
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