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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 445569 times)
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February 28, 2016, 06:29:20 PM
Last edit: February 28, 2016, 08:33:29 PM by thundertoe
 #5061

tekcoin.org domain and hosting is expiring today, i wasn't going to renew them.  Putting up something simple on github.io free hosting to replace it i guess.

*edit* ok i was convinced that was not a good idea...  i paid them up
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February 28, 2016, 08:19:38 PM
 #5062

so what is the new plan for this coin?
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February 29, 2016, 02:19:44 AM
Last edit: February 29, 2016, 03:14:52 AM by Couldbe
 #5063

I'd hate this coin to go the same way as Ratecoin, where the micro-stake gamers have put such a stranglehold on that coin that only they can effectively mint new coins. When something like this happens, the lion's share ends up in the hands of a few and other people lose interest. Literally. The price then plummets.

The micro-stake gamers switch off their stranglehold occasionally to stake at the 40% max and then switch the micro-stakes back on so that the rest of us just get crumbs. Let's crash the price and flush them out!

The difficulty is consistently so high now that Thundertoe needs to draw a new graph on the OP to show the stark reality of the diminishing returns. We are off the scale. The difficulty at the moment of writing this is 0.0233.

After my next staking, I plan to beat the gamers at their own game. Give them a taste of their own medicine. I'm not going to sell at a ridiculous price. I'm going to split my not-inconsiderable hoard into micro-amounts. I suggest that other like-minded people do the same. Make sure that the gamers don't get the 40% max. That will do two things:

1)  when the price crashes further, that could give us the opportunity to buy Tek at a lower cost, if we so wanted; and
2)  it will force Tekcoin to become useful and thrive, or ...

What have we got to lose?
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February 29, 2016, 02:24:42 AM
 #5064

CryptoChainer.com has updated the TEK blockchain, as well as added a bootstrap for those who prefer those.  I see there are now some other providers offering a similar service.  We are in direct contact with the TEK dev.
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February 29, 2016, 05:10:17 AM
 #5065

I'd hate this coin to go the same way as Ratecoin, where the micro-stake gamers have put such a stranglehold on that coin that only they can effectively mint new coins. When something like this happens, the lion's share ends up in the hands of a few and other people lose interest. Literally. The price then plummets.

The micro-stake gamers switch off their stranglehold occasionally to stake at the 40% max and then switch the micro-stakes back on so that the rest of us just get crumbs. Let's crash the price and flush them out!

The difficulty is consistently so high now that Thundertoe needs to draw a new graph on the OP to show the stark reality of the diminishing returns. We are off the scale. The difficulty at the moment of writing this is 0.0233.

After my next staking, I plan to beat the gamers at their own game. Give them a taste of their own medicine. I'm not going to sell at a ridiculous price. I'm going to split my not-inconsiderable hoard into micro-amounts. I suggest that other like-minded people do the same. Make sure that the gamers don't get the 40% max. That will do two things:

1)  when the price crashes further, that could give us the opportunity to buy Tek at a lower cost, if we so wanted; and
2)  it will force Tekcoin to become useful and thrive, or ...

What have we got to lose?


It would seem tek is under Attack ! I think they would just continue to stake in this fashion till bag holder give up , we hold for 30 days and than collect under 10% ?? In the event of crash , it would be pointless for them to sell , if intension was to cause harm . That would just let the damn machine run till tek is really dead , something need to be done before price go down further

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thundertoe
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February 29, 2016, 05:52:34 AM
 #5066

CryptoChainer.com has updated the TEK blockchain, as well as added a bootstrap for those who prefer those.  I see there are now some other providers offering a similar service.  We are in direct contact with the TEK dev.

Thanks and yes these guys have been great.

TEKcoin has an update coming soon, Tekcoin.org and https://twitter.com/TEKcoins will also be getting some work done.
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February 29, 2016, 10:02:09 AM
Last edit: February 29, 2016, 10:23:36 AM by m33
 #5067

Like to report an incident at cryptopia nz the new exchange we are listed in ,

What happen was in pop in to chat saw something funny posted "whaawhaa" and got hit by a lifetime ban .
So I guess we have to be careful when we trade there , and I won't be letting my coins sit there long who know what the owner will do , for a simple comment life time ban
 http://imgur.com/jDKzblX


Update : if you look in their forum it say by one of the owner that they have already started to look for full time jobs , sound unstable so beware of your deposit

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Couldbe
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February 29, 2016, 10:29:27 AM
 #5068

I just want to make clear that the last paragraph of M33's quote of my post is not mine - it's M33's reply.

CryptoChainer.com has updated the TEK blockchain, as well as added a bootstrap for those who prefer those.  I see there are now some other providers offering a similar service.  We are in direct contact with the TEK dev.

Thanks and yes these guys have been great.

TEKcoin has an update coming soon, Tekcoin.org and https://twitter.com/TEKcoins will also be getting some work done.

That the update is coming soon is good news, as is the confirmation that progress is being made behind the scenes.
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February 29, 2016, 10:50:01 AM
 #5069

I just want to make clear that the last paragraph of M33's quote of my post is not mine - it's M33's reply.

CryptoChainer.com has updated the TEK blockchain, as well as added a bootstrap for those who prefer those.  I see there are now some other providers offering a similar service.  We are in direct contact with the TEK dev.

Thanks and yes these guys have been great.

TEKcoin has an update coming soon, Tekcoin.org and https://twitter.com/TEKcoins will also be getting some work done.

That the update is coming soon is good news, as is the confirmation that progress is being made behind the scenes.

Ya sorry I mess that up , posting from my small phone does that . I'll edit that when I reach home, sorry

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Bullion MarketPlace












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Joebwan
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February 29, 2016, 11:07:03 AM
 #5070

I'd hate this coin to go the same way as Ratecoin, where the micro-stake gamers have put such a stranglehold on that coin that only they can effectively mint new coins. When something like this happens, the lion's share ends up in the hands of a few and other people lose interest. Literally. The price then plummets.

The micro-stake gamers switch off their stranglehold occasionally to stake at the 40% max and then switch the micro-stakes back on so that the rest of us just get crumbs. Let's crash the price and flush them out!

The difficulty is consistently so high now that Thundertoe needs to draw a new graph on the OP to show the stark reality of the diminishing returns. We are off the scale. The difficulty at the moment of writing this is 0.0233.

After my next staking, I plan to beat the gamers at their own game. Give them a taste of their own medicine. I'm not going to sell at a ridiculous price. I'm going to split my not-inconsiderable hoard into micro-amounts. I suggest that other like-minded people do the same. Make sure that the gamers don't get the 40% max. That will do two things:

1)  when the price crashes further, that could give us the opportunity to buy Tek at a lower cost, if we so wanted; and
2)  it will force Tekcoin to become useful and thrive, or ...

What have we got to lose?

Or...you could wait for the gamers to 'switch off' as you call it. If you have your TEK in one address, then take advantage of the lower difficulty when they do.

You doing the same thing they are doing is dumb. It would just make the situation worse. All to teach them a lesson. Then we all suffer.

No reason to be selfish.  I hate what is happening as much as the next person, but being part of the problem is not going to make things better in the long run.

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February 29, 2016, 11:12:38 AM
 #5071

I'd hate this coin to go the same way as Ratecoin, where the micro-stake gamers have put such a stranglehold on that coin that only they can effectively mint new coins. When something like this happens, the lion's share ends up in the hands of a few and other people lose interest. Literally. The price then plummets.

The micro-stake gamers switch off their stranglehold occasionally to stake at the 40% max and then switch the micro-stakes back on so that the rest of us just get crumbs. Let's crash the price and flush them out!

The difficulty is consistently so high now that Thundertoe needs to draw a new graph on the OP to show the stark reality of the diminishing returns. We are off the scale. The difficulty at the moment of writing this is 0.0233.

After my next staking, I plan to beat the gamers at their own game. Give them a taste of their own medicine. I'm not going to sell at a ridiculous price. I'm going to split my not-inconsiderable hoard into micro-amounts. I suggest that other like-minded people do the same. Make sure that the gamers don't get the 40% max. That will do two things:

1)  when the price crashes further, that could give us the opportunity to buy Tek at a lower cost, if we so wanted; and
2)  it will force Tekcoin to become useful and thrive, or ...

What have we got to lose?

Or...you could wait for the gamers to 'switch off' as you call it. If you have your TEK in one address, then take advantage of the lower difficulty when they do.

You doing the same thing they are doing is dumb. It would just make the situation worse. All to teach them a lesson. Then we all suffer.

No reason to be selfish.  I hate what is happening as much as the next person, but being part of the problem is not going to make things better in the long run.

Great idea but how do we do that keep checking the Pos diff to see if they turn it off??

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YOUR DIGITAL PRECIOUS METAL 
PoSP | BNP Masternodes | 65 Second block time
Bullion MarketPlace












Cryptopia | NovaExchange |
Coinbook |













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February 29, 2016, 12:36:30 PM
Last edit: February 29, 2016, 12:58:50 PM by Couldbe
 #5072

I'd hate this coin to go the same way as Ratecoin, where the micro-stake gamers have put such a stranglehold on that coin that only they can effectively mint new coins. When something like this happens, the lion's share ends up in the hands of a few and other people lose interest. Literally. The price then plummets.

The micro-stake gamers switch off their stranglehold occasionally to stake at the 40% max and then switch the micro-stakes back on so that the rest of us just get crumbs. Let's crash the price and flush them out!

The difficulty is consistently so high now that Thundertoe needs to draw a new graph on the OP to show the stark reality of the diminishing returns. We are off the scale. The difficulty at the moment of writing this is 0.0233.

After my next staking, I plan to beat the gamers at their own game. Give them a taste of their own medicine. I'm not going to sell at a ridiculous price. I'm going to split my not-inconsiderable hoard into micro-amounts. I suggest that other like-minded people do the same. Make sure that the gamers don't get the 40% max. That will do two things:

1)  when the price crashes further, that could give us the opportunity to buy Tek at a lower cost, if we so wanted; and
2)  it will force Tekcoin to become useful and thrive, or ...

What have we got to lose?

Or...you could wait for the gamers to 'switch off' as you call it. If you have your TEK in one address, then take advantage of the lower difficulty when they do.

You doing the same thing they are doing is dumb. It would just make the situation worse. All to teach them a lesson. Then we all suffer.

No reason to be selfish.  I hate what is happening as much as the next person, but being part of the problem is not going to make things better in the long run.

Fair point. But it is the micro-stakers who tend to monopolise the 40% payouts and then flood the market with Tek from their ill-gotten gains, pushing the price down with every payout.

By gaming the gamers, we could ensure that they don't get 40% anymore and turn off our micro-stakes at an appropriate time. One third in micro-stakes in a separate wallet on a solid state drive, combined with a two thirds block punch on another could K.O. the micro-parasites. It may be dumb, but human beings have an irrational side to them especially when revenge is concerned.
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February 29, 2016, 01:54:36 PM
 #5073

I'd hate this coin to go the same way as Ratecoin, where the micro-stake gamers have put such a stranglehold on that coin that only they can effectively mint new coins. When something like this happens, the lion's share ends up in the hands of a few and other people lose interest. Literally. The price then plummets.

The micro-stake gamers switch off their stranglehold occasionally to stake at the 40% max and then switch the micro-stakes back on so that the rest of us just get crumbs. Let's crash the price and flush them out!

The difficulty is consistently so high now that Thundertoe needs to draw a new graph on the OP to show the stark reality of the diminishing returns. We are off the scale. The difficulty at the moment of writing this is 0.0233.

After my next staking, I plan to beat the gamers at their own game. Give them a taste of their own medicine. I'm not going to sell at a ridiculous price. I'm going to split my not-inconsiderable hoard into micro-amounts. I suggest that other like-minded people do the same. Make sure that the gamers don't get the 40% max. That will do two things:

1)  when the price crashes further, that could give us the opportunity to buy Tek at a lower cost, if we so wanted; and
2)  it will force Tekcoin to become useful and thrive, or ...

What have we got to lose?

Or...you could wait for the gamers to 'switch off' as you call it. If you have your TEK in one address, then take advantage of the lower difficulty when they do.

You doing the same thing they are doing is dumb. It would just make the situation worse. All to teach them a lesson. Then we all suffer.

No reason to be selfish.  I hate what is happening as much as the next person, but being part of the problem is not going to make things better in the long run.

Fair point. But it is the micro-stakers who tend to monopolise the 40% payouts and then flood the market with Tek from their ill-gotten gains, pushing the price down with every payout.

By gaming the gamers, we could ensure that they don't get 40% anymore and turn off our micro-stakes at an appropriate time. One third in micro-stakes in a separate wallet on a solid state drive, combined with a two thirds block punch on another could K.O. the micro-parasites. It may be dumb, but human beings have an irrational side to them especially when revenge is concerned.

I see your point, it just seems to me that our efforts could be better directed in actually fixing the issues instead of playing some end-around game to stop folks who are taking advantage of a flaw in the system.  We do this elaborate scheme to stop the gamer this time, then have do do the whole thing again each time some idiot decides that he wants to try to manipulate TEK? It sounds exhausting.  Why not just fix it correctly the first time?

The gamer has to wait for the difficulty to drop same as us, once he turns off his 'micro-staler' so to speak. It doesn't drop instantly. If we are paying attention, we stake too.

I say lets hard fork the coin and be done with it.

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February 29, 2016, 04:03:50 PM
 #5074

well i was playing with presstab block explore they have a few address with about 1700-2000 coin spread even covering the entire month , so the only time it get turn off is when they are about to stake the main wallet, so wait is not a option , every time they stake i think they make new wallet to drive pos diff up , so they u go, 1 smart sob taking down tekcoin , we could all hold not sell , but still cant stop him , after 30 days he just make more staking address , pretty soon diff will be so high , rewwARDS WILL BE SINGLE DIGIT

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Bullion MarketPlace












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Coinbook |













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February 29, 2016, 08:45:50 PM
 #5075

Like to report an incident at cryptopia nz the new exchange we are listed in ,

What happen was in pop in to chat saw something funny posted "whaawhaa" and got hit by a lifetime ban .
So I guess we have to be careful when we trade there , and I won't be letting my coins sit there long who know what the owner will do , for a simple comment life time ban
 http://imgur.com/jDKzblX


Update : if you look in their forum it say by one of the owner that they have already started to look for full time jobs , sound unstable so beware of your deposit

You came into a clearly very heated chat, and made the wrong stupid joke to the wrong incredibly angry person at what should have been obviously wrong time, you were already unbanned before you even made this post but if you wanna keep being a dick about it go right ahead.

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walkdev
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February 29, 2016, 08:52:35 PM
 #5076

well i was playing with presstab block explore they have a few address with about 1700-2000 coin spread even covering the entire month , so the only time it get turn off is when they are about to stake the main wallet, so wait is not a option , every time they stake i think they make new wallet to drive pos diff up , so they u go, 1 smart sob taking down tekcoin , we could all hold not sell , but still cant stop him , after 30 days he just make more staking address , pretty soon diff will be so high , rewwARDS WILL BE SINGLE DIGIT

I'm guessing that's so that they can climb up the rich list which is quite pathetic, if you ask me - not to mention under-handed. If we all hang on to our coins, then we're all in this together...

The only way to stop people like this is the hard fork, surely...
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February 29, 2016, 10:27:44 PM
 #5077

Like to report an incident at cryptopia nz the new exchange we are listed in ,

What happen was in pop in to chat saw something funny posted "whaawhaa" and got hit by a lifetime ban .
So I guess we have to be careful when we trade there , and I won't be letting my coins sit there long who know what the owner will do , for a simple comment life time ban
 http://imgur.com/jDKzblX


Update : if you look in their forum it say by one of the owner that they have already started to look for full time jobs , sound unstable so beware of your deposit

If you think we are unstable, then yes I suggest you withdraw all your coins and don't deposit anymore.









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m33
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March 01, 2016, 12:04:02 AM
 #5078

Like to report an incident at cryptopia nz the new exchange we are listed in ,

What happen was in pop in to chat saw something funny posted "whaawhaa" and got hit by a lifetime ban .
So I guess we have to be careful when we trade there , and I won't be letting my coins sit there long who know what the owner will do , for a simple comment life time ban
 http://imgur.com/jDKzblX


Update : if you look in their forum it say by one of the owner that they have already started to look for full time jobs , sound unstable so beware of your deposit

You came into a clearly very heated chat, and made the wrong stupid joke to the wrong incredibly angry person at what should have been obviously wrong time, you were already unbanned before you even made this post but if you wanna keep being a dick about it go right ahead.

Yes unbanned after this post and not before ,so this angry person abuse his power by banning . Just because I pop in to the chat and laugh at a joke. And today you ban me again , reason cause I feel you guys are unstable . Well u have proven it , you are unstable , I told you I was there to thank the ppl that help me , and you ban me for say that , it's true the exchange is your , run it how ever you like , treat you client like dirt . by the way it has been confirm by one of your mods , one of the owner , by the handle of saddam213 has gone and got a full time job to help keep the exchange running . So how Long the place can last ...

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m33
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March 01, 2016, 12:09:18 AM
 #5079

Like to report an incident at cryptopia nz the new exchange we are listed in ,

What happen was in pop in to chat saw something funny posted "whaawhaa" and got hit by a lifetime ban .
So I guess we have to be careful when we trade there , and I won't be letting my coins sit there long who know what the owner will do , for a simple comment life time ban
 http://imgur.com/jDKzblX


Update : if you look in their forum it say by one of the owner that they have already started to look for full time jobs , sound unstable so beware of your deposit

If you think we are unstable, then yes I suggest you withdraw all your coins and don't deposit anymore.




I already did , I'll trade there but I won't keep my coins there if you don't mine , or do the ppl have to lick your ass to trade there , you know at the place I work there are afew ppl I hate and don't like , but I don't quit my job because of it . I guess u are saddam213 , it sad that you started what could have been a great exchange , but you can't be around it and have to get a job to keep the place running , I thank you for your selfless act

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March 01, 2016, 12:56:14 AM
 #5080

Reasons why I made those post about the exchange crytopia is because I lost 400++ dollars at cryptsy , with exchange owners who do as they please , just because they are angry with someone or something . 400 might not be a lot to some ppl , but I love crypto currency and tekcoin has been great to me. It allowed me to make many more trading mistakes with losing more cold hard cash. I'm not say crytopia is cryptsy , but we do have to be careful , these ppl think they are all powerful just because they own an exchange or what I'm not sure , but the ability to demonstrate the abuse of power ,wow ... Let's just say if I don't have to trade they I won't .

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PoSP | BNP Masternodes | 65 Second block time
Bullion MarketPlace












Cryptopia | NovaExchange |
Coinbook |













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