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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 429667 times)
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ryanb
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November 22, 2015, 05:02:46 PM
 #4421

We need to have the coin on more exchanges, we need to have more trading volume on cryptopia.

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bastilar
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November 22, 2015, 06:08:02 PM
 #4422

We need to have the coin on more exchanges, we need to have more trading volume on cryptopia.

Yeah I'm trying to sell 5200 tek on cryptopia, no  volume.

And everyone who is refusing the NY bitlicense is freezing accounts like mine, which basically means I shouldn't invest. I've got a lot of alt coins that I can't use now.

And where is the demand. All tek is doing is going down.

Obviously, I'm getting very angry Angry The potential for tek and other pos coins is great but the environment is very hostile.

gribgo
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November 22, 2015, 07:03:08 PM
 #4423

We need to have the coin on more exchanges, we need to have more trading volume on cryptopia.

Yeah I'm trying to sell 5200 tek on cryptopia, no  volume.

And everyone who is refusing the NY bitlicense is freezing accounts like mine, which basically means I shouldn't invest. I've got a lot of alt coins that I can't use now.

And where is the demand. All tek is doing is going down.

Obviously, I'm getting very angry Angry The potential for tek and other pos coins is great but the environment is very hostile.

Sorry! I dont understand the problem..
Sell it here or use Cryptsy.. u dot need to varify account for this big amounts..
any other suggestions tekheads?
peace
bastilar
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November 22, 2015, 07:46:10 PM
 #4424

We need to have the coin on more exchanges, we need to have more trading volume on cryptopia.

Yeah I'm trying to sell 5200 tek on cryptopia, no  volume.

And everyone who is refusing the NY bitlicense is freezing accounts like mine, which basically means I shouldn't invest. I've got a lot of alt coins that I can't use now.

And where is the demand. All tek is doing is going down.

Obviously, I'm getting very angry Angry The potential for tek and other pos coins is great but the environment is very hostile.

Sorry! I dont understand the problem..
Sell it here or use Cryptsy.. u dot need to varify account for this big amounts..
any other suggestions tekheads?
peace

I'm in new york, they froze my account. So, I can't use cryptsy.

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November 22, 2015, 07:53:03 PM
 #4425

We need to have the coin on more exchanges, we need to have more trading volume on cryptopia.

Yeah I'm trying to sell 5200 tek on cryptopia, no  volume.

And everyone who is refusing the NY bitlicense is freezing accounts like mine, which basically means I shouldn't invest. I've got a lot of alt coins that I can't use now.

And where is the demand. All tek is doing is going down.

Obviously, I'm getting very angry Angry The potential for tek and other pos coins is great but the environment is very hostile.

Sorry! I dont understand the problem..
Sell it here or use Cryptsy.. u dot need to varify account for this big amounts..
any other suggestions tekheads?
peace

I'm in new york, they froze my account. So, I can't use cryptsy.
New York places requirements which shut out all but the wealthiest people, to be able to run a bitcoin business there. Lots of companies already left New York. Some of the bigger ones dished you huge amounts of money and wasted huge amounts of time to get the New York bit licence. Most companies decided to stay away form New York altogether.

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bastilar
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November 22, 2015, 07:58:58 PM
 #4426


New York places requirements which shut out all but the wealthiest people, to be able to run a bitcoin business there. Lots of companies already left New York. Some of the bigger ones dished you huge amounts of money and wasted huge amounts of time to get the New York bit licence. Most companies decided to stay away form New York altogether.

Yeah it's a big clusterf@#$.

Edit: FYI Cryptsy having big problems right now. I suspected something was fishy with them for a long time.

Be careful everyone.

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November 22, 2015, 11:26:55 PM
 #4427


Look at TEKcoin as virtual mining machine that is not affected by the network difficulty that much.. Will be fixed back to 40% after hardfork.

That forms the DEMAND for more then two years now!

Yes, it is attractive and the reason I joined. However, I didn't grasp the concept of exponential growth until I ran the numbers. Hypothetically, if we did the hard fork today at 65577536 coins and everyone gets 40%, then at the end of 12 months we will have something like 3 7 billion coins. I realize not everyone will stake, but even a billion coins is a lot. Take it out to 2 years and that's 210 billion coins. After 3 years, well, it's in the trillions.

I sure hope you are right and there is enough demand to absorb all these coins. Trade accordingly.
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November 23, 2015, 04:00:12 AM
 #4428

Difficulty has been low the last few days without the hard fork. Maybe it is not necessary.
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November 23, 2015, 04:47:19 AM
 #4429


Look at TEKcoin as virtual mining machine that is not affected by the network difficulty that much.. Will be fixed back to 40% after hardfork.

That forms the DEMAND for more then two years now!

Yes, it is attractive and the reason I joined. However, I didn't grasp the concept of exponential growth until I ran the numbers. Hypothetically, if we did the hard fork today at 65577536 coins and everyone gets 40%, then at the end of 12 months we will have something like 3 7 billion coins. I realize not everyone will stake, but even a billion coins is a lot. Take it out to 2 years and that's 210 billion coins. After 3 years, well, it's in the trillions.

I sure hope you are right and there is enough demand to absorb all these coins. Trade accordingly.

Exponential growth will devastate the price per coin, if U look at all of the coins with Numbers over a few billion, they all have a price of only a few sats.
At some point , users will stop buying tek because when you have 1 million coins and 40% per month, why would you need to buy anymore, you would not, then you only sell excess coins and that lowers the price. Interest rate will have to be changed within a year or so to avert that problem. But hopefully before the 500 million mark.
Then you could move to a 25% per year, a more sustainable alternative that the current 20 or 40% per month.
The more new users the longer that tipping point can be postponed, but it can't be postponed forever, the tipping point will come, it is inevitable.

AG18


 


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gribgo
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November 23, 2015, 07:13:32 AM
 #4430


Look at TEKcoin as virtual mining machine that is not affected by the network difficulty that much.. Will be fixed back to 40% after hardfork.

That forms the DEMAND for more then two years now!

Yes, it is attractive and the reason I joined. However, I didn't grasp the concept of exponential growth until I ran the numbers. Hypothetically, if we did the hard fork today at 65577536 coins and everyone gets 40%, then at the end of 12 months we will have something like 3 7 billion coins. I realize not everyone will stake, but even a billion coins is a lot. Take it out to 2 years and that's 210 billion coins. After 3 years, well, it's in the trillions.

I sure hope you are right and there is enough demand to absorb all these coins. Trade accordingly.

Exponential growth will devastate the price per coin, if U look at all of the coins with Numbers over a few billion, they all have a price of only a few sats.
At some point , users will stop buying tek because when you have 1 million coins and 40% per month, why would you need to buy anymore, you would not, then you only sell excess coins and that lowers the price. Interest rate will have to be changed within a year or so to avert that problem. But hopefully before the 500 million mark.
Then you could move to a 25% per year, a more sustainable alternative that the current 20 or 40% per month.
The more new users the longer that tipping point can be postponed, but it can't be postponed forever, the tipping point will come, it is inevitable.

AG18


 

Do you realize that this coin is allready more then two years old???
..redo your calculations since the coin begining and compare to what we have now and trow your math away Smiley
peace
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November 23, 2015, 07:22:21 AM
 #4431


Look at TEKcoin as virtual mining machine that is not affected by the network difficulty that much.. Will be fixed back to 40% after hardfork.

That forms the DEMAND for more then two years now!

Yes, it is attractive and the reason I joined. However, I didn't grasp the concept of exponential growth until I ran the numbers. Hypothetically, if we did the hard fork today at 65577536 coins and everyone gets 40%, then at the end of 12 months we will have something like 3 7 billion coins. I realize not everyone will stake, but even a billion coins is a lot. Take it out to 2 years and that's 210 billion coins. After 3 years, well, it's in the trillions.

I sure hope you are right and there is enough demand to absorb all these coins. Trade accordingly.

Exponential growth will devastate the price per coin, if U look at all of the coins with Numbers over a few billion, they all have a price of only a few sats.
At some point , users will stop buying tek because when you have 1 million coins and 40% per month, why would you need to buy anymore, you would not, then you only sell excess coins and that lowers the price. Interest rate will have to be changed within a year or so to avert that problem. But hopefully before the 500 million mark.
Then you could move to a 25% per year, a more sustainable alternative that the current 20 or 40% per month.
The more new users the longer that tipping point can be postponed, but it can't be postponed forever, the tipping point will come, it is inevitable.

AG18


 

interest over 40% per month?
gribgo
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November 23, 2015, 07:37:00 AM
 #4432


Look at TEKcoin as virtual mining machine that is not affected by the network difficulty that much.. Will be fixed back to 40% after hardfork.

That forms the DEMAND for more then two years now!

Yes, it is attractive and the reason I joined. However, I didn't grasp the concept of exponential growth until I ran the numbers. Hypothetically, if we did the hard fork today at 65577536 coins and everyone gets 40%, then at the end of 12 months we will have something like 3 7 billion coins. I realize not everyone will stake, but even a billion coins is a lot. Take it out to 2 years and that's 210 billion coins. After 3 years, well, it's in the trillions.

I sure hope you are right and there is enough demand to absorb all these coins. Trade accordingly.

Exponential growth will devastate the price per coin, if U look at all of the coins with Numbers over a few billion, they all have a price of only a few sats.
At some point , users will stop buying tek because when you have 1 million coins and 40% per month, why would you need to buy anymore, you would not, then you only sell excess coins and that lowers the price. Interest rate will have to be changed within a year or so to avert that problem. But hopefully before the 500 million mark.
Then you could move to a 25% per year, a more sustainable alternative that the current 20 or 40% per month.
The more new users the longer that tipping point can be postponed, but it can't be postponed forever, the tipping point will come, it is inevitable.

AG18


 

interest over 40% per month?

Yeah! Now You do your calculations since you joined Smiley
Remember to do your calculations from the very genesis bloick of this coin and look at what we have for now ..the price ..the amount of coins we have now, but should be by now according to your calculations?
BTW - Now the difficulty is low and you can stake at about 40% PER 30 days //due to everyone keeps wallets locked ..waiting for the hard fork Smiley
...but the difficuly is usualy hifgh and we get 10-15%
peace
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November 23, 2015, 08:07:05 AM
 #4433


Exponential growth will devastate the price per coin, if U look at all of the coins with Numbers over a few billion, they all have a price of only a few sats.
At some point , users will stop buying tek because when you have 1 million coins and 40% per month, why would you need to buy anymore, you would not, then you only sell excess coins and that lowers the price. Interest rate will have to be changed within a year or so to avert that problem. But hopefully before the 500 million mark.
Then you could move to a 25% per year, a more sustainable alternative that the current 20 or 40% per month.
The more new users the longer that tipping point can be postponed, but it can't be postponed forever, the tipping point will come, it is inevitable.

AG18

There is now a wide spectrum of coins that have all this stuff that you offer to us..
Then you can move to this coins.. why mess with Tekcoin?
Why would people want to to make all coins the same as they allready have or can buy at the market?
This coin - is the virtual miner! Why we want to break it and make it mine less coins at our own will?
peace
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November 23, 2015, 11:23:32 AM
 #4434


There is now a wide spectrum of coins that have all this stuff that you offer to us..
Then you can move to this coins.. why mess with Tekcoin?
Why would people want to to make all coins the same as they allready have or can buy at the market?
This coin - is the virtual miner! Why we want to break it and make it mine less coins at our own will?
peace

Some people made a lot of coin (forgive the pun) off this project. I'm one of them. However, that opportunity has passed and we're now at the inflection point where supply is overwhelming demand and prices are falling. And it's not because Cryptsy is insolvent. It's called hyperinflation. And from history, it always ends with the currency being worthless.

I once held a coin called Snowballs. It had a high stake rate, something like 1000%/annum. It didn't last a year because supply quickly overwhelmed demand and everyone lost interest. The same thing will happen to TEK if we don't implement some serious measure of inflation control or supply cap. This is not Dogecoin where the massive community (cult?) can hold the 100 billion coins and absorb 5% more per year to keep the price stable. It appears to me we will never attract enough new users to buy the increasing amount of coins we will see minted in the next few years. There are too many coins out there and not enough money chasing after them.

This is perhaps my final word on the topic. Good to have productive discourse with you. Cheers everyone.
ryanb
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November 23, 2015, 12:14:38 PM
 #4435


There is now a wide spectrum of coins that have all this stuff that you offer to us..
Then you can move to this coins.. why mess with Tekcoin?
Why would people want to to make all coins the same as they allready have or can buy at the market?
This coin - is the virtual miner! Why we want to break it and make it mine less coins at our own will?
peace

Some people made a lot of coin (forgive the pun) off this project. I'm one of them. However, that opportunity has passed and we're now at the inflection point where supply is overwhelming demand and prices are falling. And it's not because Cryptsy is insolvent. It's called hyperinflation. And from history, it always ends with the currency being worthless.

I once held a coin called Snowballs. It had a high stake rate, something like 1000%/annum. It didn't last a year because supply quickly overwhelmed demand and everyone lost interest. The same thing will happen to TEK if we don't implement some serious measure of inflation control or supply cap. This is not Dogecoin where the massive community (cult?) can hold the 100 billion coins and absorb 5% more per year to keep the price stable. It appears to me we will never attract enough new users to buy the increasing amount of coins we will see minted in the next few years. There are too many coins out there and not enough money chasing after them.

This is perhaps my final word on the topic. Good to have productive discourse with you. Cheers everyone.

I agree we should put a cap on max stake or lower the % maybe drop it to 100% per year. It will be similar to HBN and HBN is still doing quiet well.

https://bitcoinfundingteam.com/ref/SatoshiTeam
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November 23, 2015, 12:26:07 PM
 #4436


There is now a wide spectrum of coins that have all this stuff that you offer to us..
Then you can move to this coins.. why mess with Tekcoin?
Why would people want to to make all coins the same as they allready have or can buy at the market?
This coin - is the virtual miner! Why we want to break it and make it mine less coins at our own will?
peace

Some people made a lot of coin (forgive the pun) off this project. I'm one of them. However, that opportunity has passed and we're now at the inflection point where supply is overwhelming demand and prices are falling. And it's not because Cryptsy is insolvent. It's called hyperinflation. And from history, it always ends with the currency being worthless.

I once held a coin called Snowballs. It had a high stake rate, something like 1000%/annum. It didn't last a year because supply quickly overwhelmed demand and everyone lost interest. The same thing will happen to TEK if we don't implement some serious measure of inflation control or supply cap. This is not Dogecoin where the massive community (cult?) can hold the 100 billion coins and absorb 5% more per year to keep the price stable. It appears to me we will never attract enough new users to buy the increasing amount of coins we will see minted in the next few years. There are too many coins out there and not enough money chasing after them.

This is perhaps my final word on the topic. Good to have productive discourse with you. Cheers everyone.

Thank you for this good positive topic!
But I cant really go to bed before I point at some of your statements Smiley
There is HYPerstake coin where 750%/annum was proposed and now this coin had implemented some really strong measures implemented for a pretty long time now..
two things are facts now about it
1-its really close to impossible to get some meaningfull stake at all.
2-The price is at where it was and keeps going down
end of topic
___________________________________________________________________

alot of people who understand TEKcoin are miners or started their trip in cryptoworld with purchasing mining hardware it the past..
Tekcoin is a cool alternative to hardware mining ..period.
Here we have price decline due to rising supply and it is NORMAL! Every miner knows about diff rise in bitcoin mining and there is none who demand a serious measures about it.
peace
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November 23, 2015, 12:29:11 PM
 #4437


There is now a wide spectrum of coins that have all this stuff that you offer to us..
Then you can move to this coins.. why mess with Tekcoin?
Why would people want to to make all coins the same as they allready have or can buy at the market?
This coin - is the virtual miner! Why we want to break it and make it mine less coins at our own will?
peace

Some people made a lot of coin (forgive the pun) off this project. I'm one of them. However, that opportunity has passed and we're now at the inflection point where supply is overwhelming demand and prices are falling. And it's not because Cryptsy is insolvent. It's called hyperinflation. And from history, it always ends with the currency being worthless.

I once held a coin called Snowballs. It had a high stake rate, something like 1000%/annum. It didn't last a year because supply quickly overwhelmed demand and everyone lost interest. The same thing will happen to TEK if we don't implement some serious measure of inflation control or supply cap. This is not Dogecoin where the massive community (cult?) can hold the 100 billion coins and absorb 5% more per year to keep the price stable. It appears to me we will never attract enough new users to buy the increasing amount of coins we will see minted in the next few years. There are too many coins out there and not enough money chasing after them.

This is perhaps my final word on the topic. Good to have productive discourse with you. Cheers everyone.

I agree we should put a cap on max stake or lower the % maybe drop it to 100% per year. It will be similar to HBN and HBN is still doing quiet well.

I dont understand why you keep holding TEK while there is HBN.. why try to turn TEK to HBN insteand of just buying HBN?
this is very strange.. are you just so lazy to sell tek and buy HBN? But NO - you want TEK to become HBN Smiley
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November 23, 2015, 12:52:40 PM
 #4438

And where is the Dev? Thundertoe has been remarkably silent on this while issue. What if anything is to be done to save the coin? Has the team sold out and left or is there a concerted effort underway to change the blockchain?  So sad to see the price plummet as folks dump and run when this could be fixed with a few changes.
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November 23, 2015, 01:24:59 PM
 #4439

Well, the price of TEK is in the dumpster on Cryptsy...   300 sats range now and dropping...

Maybe because I dumped 100K, but it could also be because others are dumping too.

I still got a huge pile of TEK left, so I guess I'll just keep staking it until the price recovers (if at all).



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November 23, 2015, 01:33:28 PM
 #4440

Well, the price of TEK is in the dumpster on Cryptsy...   300 sats range now and dropping...

Maybe because I dumped 100K, but it could also be because others are dumping too.

I still got a huge pile of TEK left, so I guess I'll just keep staking it until the price recovers (if at all).

That's the spirit, the ride is the fun part itself, it just depends when you want to bail out.

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