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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 438978 times)
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gribgo
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November 23, 2015, 03:06:25 PM
 #4441

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.

I have Entered and Exited TEK for about 5 times in its life due to different reasons and it is super cool to find it alive and doing good...
every time I have started from zero Tekcoin and all the time I was cursed with much higher prices that made it difficult to enter..
Guess what? I am happy to be back again on the right moment finally  Grin
I only beg all who want to turn this Coin into some other coins.. just sell TEK and BUY the right Coin for you.. that already has all "supply caps" and "inflation control" in place!

P.S. all Cryptos are not currencies! This are - Assets! TEKcoin is an experiment that does not act like your fiat money in your pocket..so stop using stupid monetary paradigms here.. PEACE

EDIT: For example Gold.. if you talk about Cryptos and Markets is one sentence.. then just think of Gold.. does it have inflation control? Gold does not have set supply cap.. because NO one knows how many left out there!
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November 23, 2015, 08:13:21 PM
 #4442


[/quote]

I have Entered and Exited TEK for about 5 times in its life due to different reasons and it is super cool to find it alive and doing good...
every time I have started from zero Tekcoin and all the time I was cursed with much higher prices that made it difficult to enter..
Guess what? I am happy to be back again on the right moment finally  Grin
I only beg all who want to turn this Coin into some other coins.. just sell TEK and BUY the right Coin for you.. that already has all "supply caps" and "inflation control" in place!

P.S. all Cryptos are not currencies! This are - Assets! TEKcoin is an experiment that does not act like your fiat money in your pocket..so stop using stupid monetary paradigms here.. PEACE

EDIT: For example Gold.. if you talk about Cryptos and Markets is one sentence.. then just think of Gold.. does it have inflation control? Gold does not have set supply cap.. because NO one knows how many left out there!
[/quote]

We may not know how much gold there is, but we can definitely calculate how much TEK there will be if left uncontrolled. Our 'stupid monetary paradigms' are valid. Anyone who understands supply/demand will tell you that if something doesn't change, it will not be long for TEK. I have enjoyed the staking as much as the next person, but if it becomes as worthless as rocks due to oversupply, then what is the point of continuing?

Comparing Tek to Gold is so far off base I cannot even tell you. Even though there is still a supply of gold coming in, the new supply is moderate and besides, Gold has tangible uses. TEK does not.  Even if they found a mountain of gold tomorrow, The high tech industry among others would still have use for it. The price would definitely drop due to supply vs. demand, but it would always have some tangible value.  The same cannot be said of TEK.  If we want to save TEK as a crypto, the time is now to make changes.  If nothing happens, it will go the way of so many of it's predecessors, and will end up being delisted and drop to no value at all.

I say it can still be saved. Tek has stood the test of time, but the time has come where we need to tighten our belts, acknowledge that the free ride is over, and encourage the DEVs to make the changes necessary to save the coin. That is, it they haven't already dumped and ran.

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November 23, 2015, 09:06:35 PM
 #4443


Comparing Tek to Gold is so far off base I cannot even tell you. Even though there is still a supply of gold coming in, the new supply is moderate and besides, Gold has tangible uses. TEK does not.  Even if they found a mountain of gold tomorrow, The high tech industry among others would still have use for it. The price would definitely drop due to supply vs. demand, but it would always have some tangible value.  The same cannot be said of TEK.  If we want to save TEK as a crypto, the time is now to make changes.  If nothing happens, it will go the way of so many of it's predecessors, and will end up being delisted and drop to no value at all.

I say it can still be saved. Tek has stood the test of time, but the time has come where we need to tighten our belts, acknowledge that the free ride is over, and encourage the DEVs to make the changes necessary to save the coin. That is, it they haven't already dumped and ran.

I was pointing to gold, because the gold is an asset, not a currency and was talking about all cryptos ..btc, tek, hbn and all..
TEKcoin has value - hashpower to mine "coins"
Does mining hardware has value or not? The fact it is very basis of the blockchain..
The cool thing that high-proof-of-stake is virtually mines coins that are no different to bitcoin itself..
..in fact as we know all blockchains are just btc forks, but as long as we have market gateways to btc - everything is fine.
 //I think "coin" is really what misleading people to think of it as some money and they use not stupid, but monetary terms as "inflation" regarding the assets market and this is what I called stupid!!! no offence here
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November 23, 2015, 11:20:47 PM
 #4444

We are standing at the doorstep where applications will be created for the blockchain technology
Every "coin" - is the network of communicated nodes.

The More nodes - the stronger network stability and security

and then every "coin" will have value as ready-to-use network for any kind of virtual activity.. fintech and smartcontracts at first

Here we look at TEKcoin and what we see - the more "coins" are there the stronger network we have as every coin confirms every other coin in every wallet in the network and "stake" is a reward for the wallet user for holding as many "coins" as possible for better security and performance of the whole network!

So MORE coins = the better!!!!
Practically what we are at the stage of growing the strong nodes network

Also TEKcoin is the Proof-of-work coin, which makes it even better, because if you have some mining hashpower - you can enter tekcoin without ever buying it, but improves overall speed and security of the Network one again..
The cool time is NOW, because every network big and strong enough already has value and tekcoin is good growing media Smiley

peace

P.S. WHY? If people think that when the price is low now, and the "coin" does not have value because not very Big trading volumes..
why if they are interested in just trading - then they don't go trade f... salt? Smiley
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November 24, 2015, 12:41:25 PM
 #4445

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).





Hey Glorytime! Throw another 100K at the buy wall will ya? I missed out on the 300 Sat dip and the price has now doubled.
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November 24, 2015, 04:26:03 PM
 #4446

We are standing at the doorstep where applications will be created for the blockchain technology
Every "coin" - is the network of communicated nodes.

The More nodes - the stronger network stability and security

and then every "coin" will have value as ready-to-use network for any kind of virtual activity.. fintech and smartcontracts at first

Here we look at TEKcoin and what we see - the more "coins" are there the stronger network we have as every coin confirms every other coin in every wallet in the network and "stake" is a reward for the wallet user for holding as many "coins" as possible for better security and performance of the whole network!

So MORE coins = the better!!!!
Practically what we are at the stage of growing the strong nodes network

Also TEKcoin is the Proof-of-work coin, which makes it even better, because if you have some mining hashpower - you can enter tekcoin without ever buying it, but improves overall speed and security of the Network one again..
The cool time is NOW, because every network big and strong enough already has value and tekcoin is good growing media Smiley

peace

P.S. WHY? If people think that when the price is low now, and the "coin" does not have value because not very Big trading volumes..
why if they are interested in just trading - then they don't go trade f... salt? Smiley

An interesting and good positive point of view, thanks.

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November 24, 2015, 05:31:23 PM
 #4447

We are standing at the doorstep where applications will be created for the blockchain technology
Every "coin" - is the network of communicated nodes.

The More nodes - the stronger network stability and security

and then every "coin" will have value as ready-to-use network for any kind of virtual activity.. fintech and smartcontracts at first

Here we look at TEKcoin and what we see - the more "coins" are there the stronger network we have as every coin confirms every other coin in every wallet in the network and "stake" is a reward for the wallet user for holding as many "coins" as possible for better security and performance of the whole network!

So MORE coins = the better!!!!
Practically what we are at the stage of growing the strong nodes network

Also TEKcoin is the Proof-of-work coin, which makes it even better, because if you have some mining hashpower - you can enter tekcoin without ever buying it, but improves overall speed and security of the Network one again..
The cool time is NOW, because every network big and strong enough already has value and tekcoin is good growing media Smiley

peace

P.S. WHY? If people think that when the price is low now, and the "coin" does not have value because not very Big trading volumes..
why if they are interested in just trading - then they don't go trade f... salt? Smiley

I believe this view is a bit short sighted.  While it is obvious where your are going with your argument, there still has to be motivation for folks to keep and stake TEK.  While I would agree more folks are better, which will strengthen the network, you don't get people interested in investing into any kind of medium if it is increasingly becoming worthless.

The number of coin out there does not necessary make the nodes stronger.  It boils down to people, who have computers, which are connected to the network.  Where is the motivation for folks to have TEK wallets on the network if they do not perceive a value? Folks who have already invested will try to dump as we have seen, and over time you will actually decrease the number of folks on the network which will have the opposite of the desired node-strengthing result.

In any kind of investment strategy, the goal of the investors is to increase their standing. In the short term, you can argue that even if the price is lower, they have GOBs more offset the price decrease, but at some point, the price of the coin (or call it whatever, if you don't like the term coin) will drop so low that no matter how many you have, you are going in the wrong direction with your investment.

If you don't think of this from the people perspective, you are going to miss the mark.  It really all boils down to perception of value, and if nothing is done to protect that perception, people will loose interest, and the 'coin' will ultimately die. The super stake idea is awesome, but it cannot be the end all for TEK. Thought must be placed into protecting value.  I believe the original intent was for so many folks to be bought into the concept, that the sheer numbers of folks staking would control the formation of new coins and slow the process. 

I was initially excited about a hard fork that would decrease the micro-transactions and increase my stake percentage.  While eliminating the staking on very small holding may still be good for the network, uncontrolled growth of the coin is not.  I am a fairly large holder, and I must admit that I prefer reducing the stake percentage to stabilize the coin, to the possibility of having trillions of TEK out there that nobody wants. It hurts me in growth, but goes a long way to protect value of my existing holding.

It has been an interesting experiment.  I will hold on for two reason: First, I did not sell the farm to buy in.  If I loose it all, I can chalk it up to a good idea that did not pan out. and perhaps I am wrong in my reasoning. ( I really don't think so....) and second, the 'powers that be' may come to their senses and fix the coin to protect the value.  Judging by the silence we are experiencing from the DEV team, I expect that is a pipe dream too.  I suspect they cashed out a long time ago, when a TEK sold for close to 2 cents each, and are laughing into their hands.

But who knows? I could be wrong... I certainly hope so.

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November 24, 2015, 05:44:36 PM
 #4448

We are standing at the doorstep where applications will be created for the blockchain technology
Every "coin" - is the network of communicated nodes.

The More nodes - the stronger network stability and security

and then every "coin" will have value as ready-to-use network for any kind of virtual activity.. fintech and smartcontracts at first

Here we look at TEKcoin and what we see - the more "coins" are there the stronger network we have as every coin confirms every other coin in every wallet in the network and "stake" is a reward for the wallet user for holding as many "coins" as possible for better security and performance of the whole network!

So MORE coins = the better!!!!
Practically what we are at the stage of growing the strong nodes network

Also TEKcoin is the Proof-of-work coin, which makes it even better, because if you have some mining hashpower - you can enter tekcoin without ever buying it, but improves overall speed and security of the Network one again..
The cool time is NOW, because every network big and strong enough already has value and tekcoin is good growing media Smiley

peace

P.S. WHY? If people think that when the price is low now, and the "coin" does not have value because not very Big trading volumes..
why if they are interested in just trading - then they don't go trade f... salt? Smiley

I believe this view is a bit short sighted.  While it is obvious where your are going with your argument, there still has to be motivation for folks to keep and stake TEK.  While I would agree more folks are better, which will strengthen the network, you don't get people interested in investing into any kind of medium if it is increasingly becoming worthless.

The number of coin out there does not necessary make the nodes stronger.  It boils down to people, who have computers, which are connected to the network.  Where is the motivation for folks to have TEK wallets on the network if they do not perceive a value? Folks who have already invested will try to dump as we have seen, and over time you will actually decrease the number of folks on the network which will have the opposite of the desired node-strengthing result.

In any kind of investment strategy, the goal of the investors is to increase their standing. In the short term, you can argue that even if the price is lower, they have GOBs more offset the price decrease, but at some point, the price of the coin (or call it whatever, if you don't like the term coin) will drop so low that no matter how many you have, you are going in the wrong direction with your investment.

If you don't think of this from the people perspective, you are going to miss the mark.  It really all boils down to perception of value, and if nothing is done to protect that perception, people will loose interest, and the 'coin' will ultimately die. The super stake idea is awesome, but it cannot be the end all for TEK. Thought must be placed into protecting value.  I believe the original intent was for so many folks to be bought into the concept, that the sheer numbers of folks staking would control the formation of new coins and slow the process. 

I was initially excited about a hard fork that would decrease the micro-transactions and increase my stake percentage.  While eliminating the staking on very small holding may still be good for the network, uncontrolled growth of the coin is not.  I am a fairly large holder, and I must admit that I prefer reducing the stake percentage to stabilize the coin, to the possibility of having trillions of TEK out there that nobody wants. It hurts me in growth, but goes a long way to protect value of my existing holding.

It has been an interesting experiment.  I will hold on for two reason: First, I did not sell the farm to buy in.  If I loose it all, I can chalk it up to a good idea that did not pan out. and perhaps I am wrong in my reasoning. ( I really don't think so....) and second, the 'powers that be' may come to their senses and fix the coin to protect the value.  Judging by the silence we are experiencing from the DEV team, I expect that is a pipe dream too.  I suspect they cashed out a long time ago, when a TEK sold for close to 2 cents each, and are laughing into their hands.

But who knows? I could be wrong... I certainly hope so.

DEVs dont have to be there at all.. they can hold or not hold Tekcoin they dont have to do anything.. and they have right to cashout when they want
But I am sure that they just take time to do the job and also it will make it very chip for some time so someone can jump in.
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November 25, 2015, 08:39:03 AM
 #4449

Wow, TEK has no opened buy orders, looks pretty grim

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November 25, 2015, 08:58:10 AM
 #4450

Wow, TEK has no opened buy orders, looks pretty grim

Not sure what it is? Now you can only BUY Tek, but cant sell any ..am I right?
any Ideas? Biomech has some contacts at Cryptsy.. We can ask him to get some more inside info..
I am sure it is not getting delisted or something like that, because they always make warnings about delisting before actually delisting the coin.
Cryptsy offline due to their twitter "Website offline due to denial of service attack. We are working to mitigate."
peace

EDIT: Now no orders cant be opened at any coin market.
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November 25, 2015, 09:12:02 AM
 #4451

https://www.cryptopia.co.nz/Exchange?market=TEK_BTC
is working.


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November 25, 2015, 02:32:32 PM
 #4452

Wow, TEK has no opened buy orders, looks pretty grim

Not sure what it is? Now you can only BUY Tek, but cant sell any ..am I right?
any Ideas? Biomech has some contacts at Cryptsy.. We can ask him to get some more inside info..
I am sure it is not getting delisted or something like that, because they always make warnings about delisting before actually delisting the coin.
Cryptsy offline due to their twitter "Website offline due to denial of service attack. We are working to mitigate."
peace

EDIT: Now no orders cant be opened at any coin market.


Nothin wrong with cryptsy, been buyin & sellin all week with no probs. Cryptopia workin fine as well.
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November 25, 2015, 02:42:29 PM
 #4453


Nothin wrong with cryptsy, been buyin & sellin all week with no probs. Cryptopia workin fine as well.

Cryptopia is working for me as well, though volume is bad, but tha'ts ok.

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November 25, 2015, 03:58:27 PM
 #4454

Anyone know how long a deposit takes to show up on Cyptopia?  My wallet indicates "confirmed" but still nothing.  I am using the latest wallet.

Edit: Nevermind, took about 15 minutes.
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November 25, 2015, 05:26:49 PM
 #4455

Anyone know how long a deposit takes to show up on Cyptopia?  My wallet indicates "confirmed" but still nothing.  I am using the latest wallet.

Edit: Nevermind, took about 15 minutes.

Depending on their load, can take anywhere from 7 confirms to 30.

Withdraws are as their site states, processed and sent within 60 seconds.

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November 25, 2015, 05:41:52 PM
 #4456

Is teh tekcoins fork in progress?
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November 25, 2015, 06:07:44 PM
 #4457

Cryptsy was under DDOS last night, that might have been the issue. It was hard to connect and hard to stay connected, and lasted a couple hours. I wasn't trading, so I didn't actually look at wallet status, I was just talking to some of the guys when it was happening.

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November 25, 2015, 09:11:13 PM
 #4458

Wow, TEK has no opened buy orders, looks pretty grim

Maybe that was just a blip due to taking wallets offline. There were definitely TEK buy orders there.

Cryptsy was under DDOS last night, that might have been the issue. It was hard to connect and hard to stay connected, and lasted a couple hours. I wasn't trading, so I didn't actually look at wallet status, I was just talking to some of the guys when it was happening.

Cryptsy seems to be OK now, although I've not tried withdrawing anything yet. Just over 12 hours ago I sold 2,785 TEK @ 847 Sats ... eat-your-hearts-out!   Wink

From my trade history:
2015-11-25 08:34:31       Sell  TEK/BTC   0.00000847 BTC   2785.66667355 TEK   0.000000000 BTC   0.02359460 BTC

I had a buy order lurking in the sub 400 Sat zone, over the last couple of days, but nobody bit. Now I really must complain. The standard of FUD in this Tek thread is distinctly lacking.   Angry
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November 25, 2015, 09:20:50 PM
 #4459

I wouldn't put any trust into Cryptsy's price... or exchange...

This space not for rent...
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November 26, 2015, 05:47:23 AM
 #4460

I wouldn't put any trust into Cryptsy's price... or exchange...

Yes, Cryptsy isn't giving me much joy at the moment either. So much trouble trying to withdraw anything over 0.5 BTC and the trade reporting isn't 'real time' anymore, got to keep hitting the browser refresh.

TEK will survive though, with or without Cryptsy.

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