[TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico

[m33]

Why do so many think a high pos diff is such a big deal? I think it’s the only instrument TEK has against out of control inflation. Forget about the micro stakers. They are not the problem. Inflation is, if you look a little further down the road... 

It's true - compounding interest always becomes a problem a little (up to a lot) further down the road for everybody that accumulates: for those that already have lots now it is already a problem, for others with less now it will become a problem a little later, and for those with very little it will become a problem quite a bit later, but it will definitely become a problem for all. Maybe reverse the interest so those with least stake highest % and let it slide lower as holdings become more and of course those with the most let them stake at a minimum %

That is about the most ridiculous suggestion I have heard to date. To combat that bit of socialism, larger holders would simply break their holding into a crap load of small holding. Brilliant.

While we do this, lets up the unemployment benefit, expand welfare, create universal healthcare, give out free cellphone to the poor, and pay for it all by taking that minimum stake from the folks with the largest TEK holding.  We should have them shot too.

Why, sir, are you implying that Socialism doesn't work? That those who work and plan an save to accumulate wealth are WRONG?? How dare you!

Shit, I can't even type that with a straight face

I suspect whale holders will not waste time with managing myriad of micro wallets staking micro amounts compared to whale amounts in single wallets. Also I'm not suggesting work, plan and save is wrong - to the contrary, I'm suggesting to make it worthwhile for the micro guy, he a needs a boost. The whale is still going to roll around in all his TEK. Let me illustrate my point:

Micro guy has 100 TEK and he can stake let's say 40% after 30 days                           Whale has 1 000 000 and he may stake let's say 1% after 30 days

100 x 40%  = 40  (140)                                                                                         1 000 000 x 1%  = 10 000 (1 010 000)

140 x 40%  = 56  (196)                                                                                         1 010 000 x 1%  = 10 100 (1 020 100)

196 x 40%  = 78.4   (274.4)                                                                                  1 020 100 x 1%  =  10 201 (1 030 301)

274.4 x 40%  = 109.76 (384.16)                                                                            1 030 301 x 1%  =  10 303.01 (1 040 604.01)

384.16 x 40% = 153.664 (537.824)                                                                        1 040 604.01 x 1%  = 10 406.0401 (1 051 010.0501)

537.824 x 40% = 215.1296 (752.9536)                                                                   1 051 010.0501 x 1% = 10 510.1 (1 061 520.15) 


As you can see the micro guy with the much needed 40% interest managed to get his 100 TEK up to  752.95 which is quite a nice figure for the micro guy - he feels empowered and ready to rock the boat.

As for the whale, look at his nice gain over 6 months - a whopping 61 520.15  The whale will not feel left behind with his gains at all, but best of all

NO runaway inflation to cripple TEK in the long run.

No all of us have 1mil in Tek , we are the middle class , stuck with the micro stakers , and the guy behind this have more than just getting ahead of the pack . They are many Pos coins now , what's if the point was to drive ppl away from this coin , from the dump going on , I would say quite a few already change ships!

So we are all on the same page. 1,000,000 sounds like a lot right? well... Mister middle class.... it represents a whopping 2 bitcoin. Which is about 800 bucks american.  Yes, I am a whale, I have... more then a million.  But am I middle class? Hmm. It seems to me, I don't smoke at 5 bucks a pack, I don't drink 5 buck Lattes, I brew my own beer, so the money I save buys alts. Between having some foresight, sacrificing and staking, I am where I am at. Tell me again why the cig smoking, latte drinking late comer should get the higher return?

I have said repeatedly, I AM OPEN TO A LOWER PERCENTAGE TO SAVE THE COIN. But not so some 90 cent investor can make headway on me. We take the hit across the board. All of us,  or I am out. Believe me when I say you don't want me to dump. ( and I really don't want to.)

You mention a current dump? I must have missed it. We have been holding a pretty steady 200 Sat.  Not great, and certainly not the 4000+ sat we realized before the Crapsy incident.  Our late comers did not have to suffer though the 900% devaluation.  Any chance they want to donate to us less fortunate? Why at Zero, they are WAY ahead of me for sure!

So that dumb idea behind us, any more suggestions? Lets keep it somewhat intellectual or do we need to change the coin name to O'BumerTEK?

Lol mr joebwan . I mean me I'm middle class , only have 140k of Tek , I mined and bought a few thousand , the rest was from staking , so I'm still quite happy with Tek , to tell the truth I have never stake at 40 more than once , so I'm already used to staking at  15++ , but my main point was , it does not matter where the percentage is , bring it down or cause diff to rise , I feel these ppl are here to wreck the coin , and people confidence

[Joebwan]

Nice lively discussion, which makes me feel like there is a dedicated community out there. Glad to see folks actually care about the coin. 

The interest rate does not really matter.  As has been said, as far as stability goes, Bitmaster and his micro-staking cadre are keeping inflation down.  I remember watching price drop while folks sold stake. At one point price dropped briefly to 50ish sats. A high diff right now is keeping the price up.  So the high diff/low percentage is not the problem. 

The problem is that Bitmaster and company can turn off their wallets containing the micro-stakes, lower diff, and stake their large holding anytime they want to. We are left either staking when diff is high (which would not bother me if someone wasn't controlling the stake) Or...watching the diff level and guessing when the diff-o-matic has been shut off so we can stake when the cheater(s) do.

The other frustration?  Sorry to throw you under the buss Thundertoe...I have great respect for you and what you have done for the coin. You have been kind enough to answer my pm's. I gotta say though, talking to you is bit like listening to Allen Greenspan, former Federal Reserve chairman. Vague is the rule of the day.  Changes are coming, but damned if you will give a hint as to what they are and when we can expect them.  I don't know if this strategy is intentional, or if you are just the worst communicator on the planet. 

I read back in old post where you were trying to pass the baton if you will, to another DEV. Speaking for myself, that is not what we are asking, just throw the dog a bone already!

All this discussion is nice, but at the end of the day....What can we expect, and does the community really have any say?

[scryptic]

I think you should not change the coin at all since it will be worth more if it doesnt always stake ridiculous amounts. I recently bought some and got the wallet all synced up now, eagerly  awaiting my stake.

[johan11]

IMHO we need a new version of the wallet, which will be implemented functions splitthreshold= XXXXX as possible to enter the conf. file, then microstake themselves destroyed, since when the stake will not divide and will therefore be greater and greater. This is a solution ....    

[Biomech]

IMHO we need a new version of the wallet, which will be implemented functions splitthreshold= XXXXX as possible to enter the conf. file, then microstake themselves destroyed, since when the stake will not divide and will therefore be greater and greater. This is a solution ....    

That's already there.

[johan11]

IMHO we need a new version of the wallet, which will be implemented functions splitthreshold= XXXXX as possible to enter the conf. file, then microstake themselves destroyed, since when the stake will not divide and will therefore be greater and greater. This is a solution ....    

That's already there.

Yes but I thought it to be automatically in the wallet, not so that it is possible to write conf.

[pisko]

hi where i can find staking weight in console?

[Biomech]

hi where i can find staking weight in console?

go to the send coins tab, click on coin control. In the event that coin control is NOT there, click on the settings tab, then options, then display and check the box that says coin control (experts only), then follow the previous steps. The coin control pop up shows age, weight, etc.

[sirazimuth]

hi where i can find staking weight in console?

go to the send coins tab, click on coin control. In the event that coin control is NOT there, click on the settings tab, then options, then display and check the box that says coin control (experts only), then follow the previous steps. The coin control pop up shows age, weight, etc.

holy crap! thanx for that info mate!
 been stakin tek since june 2015 and never realized coin control was buried there or even existed ftm.jeezus im such a moroon!
 yup, experts only box was unchecked (default i suppose)
clearly, im not an "expert". lol.

[Biomech]

hi where i can find staking weight in console?

go to the send coins tab, click on coin control. In the event that coin control is NOT there, click on the settings tab, then options, then display and check the box that says coin control (experts only), then follow the previous steps. The coin control pop up shows age, weight, etc.

holy crap! thanx for that info mate!
 been stakin tek since june 2015 and never realized coin control was buried there or even existed ftm.jeezus im such a moroon!
 yup, experts only box was unchecked (default i suppose)
clearly, im not an "expert". lol.

LOL. Been in the game a long time. Almost all coins have the same option, some default to on, most don't. Check all your wallets, I bet you find it.

[thundertoe]

TEKcoin.org has a countdown timer up for some Yobicodes for free TEKcoins. good luck.

[pazor_true]

TEKcoin.org has a countdown timer up for some Yobicodes for free TEKcoins. good luck.

code is activated...

The given Yobit code has already been activated 23:49:30 11.03.2016.


of course not by me

[thundertoe]

TEKcoin.org has a countdown timer up for some Yobicodes for free TEKcoins. good luck.

code is activated...

The given Yobit code has already been activated 23:49:30 11.03.2016.


of course not by me

Timer has been reset with another code. Will be posting more of them later as well.

[pazor_true]

TEKcoin.org has a countdown timer up for some Yobicodes for free TEKcoins. good luck.

code is activated...

The given Yobit code has already been activated 23:49:30 11.03.2016.


of course not by me

Timer has been reset with another code. Will be posting more of them later as well.

to late again...
i suppose i should continue mining

[4x13]

Do we have an Update Roadmap of where we are going with TEK??

[superman1314]

any news here?

[m33]

The rpi wallet , is in linux ? Or raspian

[4x13]

The rpi wallet , is in linux ? Or raspian

Same thing

[m33]

The rpi wallet , is in linux ? Or raspian

Same thing

Lol , sry I'm a pure windows guy , dun know much about rpi , going to buy my first. For Tek

[m33]

Hugh dump on Nz exchange I caught some of it!!