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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 443871 times)
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a_cat_named_joe
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March 06, 2016, 12:45:53 PM
Last edit: March 06, 2016, 02:25:04 PM by a_cat_named_joe
 #5161

Biomech you much well come, are they any plans for tek , will they be a hard fork ?


I honestly don't know. I know that Thundertoe and Noise23 were working on it, but Thundertoe lost everything in the cryptsy meltdown, so I don't know what he's gonna do.

I pm'd Thunder, and asked specifically. He indicated that Noise23 had an update about ready, and that a hard fork could be part of that.

Thundertoe, I think it is time for clarification on whether the fork is going to happen. Your loss in the Cryptsy meltdown seems to have altered things.

Also, will Noise23's update take care of the micro-staking issue? If not, then a micro-staking war is likely to open up ... and/or some of us might lose interest, because life is too short.
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March 06, 2016, 02:53:39 PM
 #5162

Nice , time to gamble . See who really has faith

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a_cat_named_joe
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March 06, 2016, 06:27:33 PM
 #5163

Nice , time to gamble . See who really has faith

I won't be selling out on the cheap. I'm playing my cards close to my chest.
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March 06, 2016, 07:24:21 PM
 #5164

Nice , time to gamble . See who really has faith

I won't be selling out on the cheap. I'm playing my cards close to my chest.

speakin' of that... any poker sites that use tek, or any of you lot that can make one? I'd play.

Equaliser! Bringing the Blockchain Home  New exchange new exchange coming soon  Looks like it could be a contender. Disclosure: This is an affiliate link. Costs you nothing, might make me something. Cypherfunks will rise Again! https://bitcointalk.org/index.php?topic=469407.0
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March 06, 2016, 08:36:01 PM
 #5165

Nice , time to gamble . See who really has faith

I won't be selling out on the cheap. I'm playing my cards close to my chest.

what u do with your coins  , good luck , im put up a wall , biomech what  price you think is too defend
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March 06, 2016, 11:32:18 PM
 #5166

grats to whoever was watching twitter and claimed the 3rd 5k TEKcoin yobit code https://twitter.com/TEKcoins
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March 07, 2016, 02:10:21 AM
 #5167

this coin is coming back again?
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March 07, 2016, 02:50:07 AM
 #5168

this coin is coming back again?

Some say TEK is back. I say it never left!

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March 07, 2016, 03:13:39 AM
 #5169

this coin is coming back again?

Some say TEK is back. I say it never left!


It is one of the classics now. Inspiration to hyperstake.
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March 07, 2016, 04:09:39 AM
 #5170

Diff is .00895 stay alert!

why does it have to drop just after I stake and waited 80days -.-

What were the actual sizes of your coin blocks before you staked?
How many blocks were they?

Maybe someone out there (no names, no pack drill) has a script in one of his wallets that kicks in if a cluster of large blocks begin to stake outside of one of the pre-ordained magical stake zone periods. Maybe the intention is to keep the staking at a certain percentage level, switching on and off banks of micro-stakes, in such a way so as not to discourage the punters too much ... throwing us a few scraps off the table. If that is the case, then we have got to ask ourselves 'what is he up to?'

Is it a case of greed, keeping all the high percentage payoffs for himself, while putting a break on the market cap, keeping his hoard as economically viable as possible? Maybe there are several people doing this as a staking consortium?

There might be more to this than meets the eye.

lmao what a very creative conspiracy theory you got there.  A lot of what ifs and no clearly defined motive really no point to do that.
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March 07, 2016, 05:57:28 AM
Last edit: March 07, 2016, 08:18:17 AM by a_cat_named_joe
 #5171

Diff is .00895 stay alert!

why does it have to drop just after I stake and waited 80days -.-

What were the actual sizes of your coin blocks before you staked?
How many blocks were they?

Maybe someone out there (no names, no pack drill) has a script in one of his wallets that kicks in if a cluster of large blocks begin to stake outside of one of the pre-ordained magical stake zone periods. Maybe the intention is to keep the staking at a certain percentage level, switching on and off banks of micro-stakes, in such a way so as not to discourage the punters too much ... throwing us a few scraps off the table. If that is the case, then we have got to ask ourselves 'what is he up to?'

Is it a case of greed, keeping all the high percentage payoffs for himself, while putting a break on the market cap, keeping his hoard as economically viable as possible? Maybe there are several people doing this as a staking consortium?

There might be more to this than meets the eye.

lmao what a very creative conspiracy theory you got there.  A lot of what ifs and no clearly defined motive really no point to do that.

Thank you for your considered response.

I would put it to you that Greed is a pretty powerful motive. I don't want the price of this coin to plummet, but ask yourself what could happen if a single person, or a consortium were to gain full control of Tek and sqeezed out all the other investors? They would have a saleable commodity, right? ... that's one scenario that I won't go too far into, but I think some will get the picture.

I'm not saying that is going to happen. What I'm trying to do to help like-minded investors make staking fair for all. At the moment, effective staking is becoming centralised around a few. Their coffers are becoming disproportionately larger than the rest of the investors. The longer this goes on, the staking power of the few becomes larger and more disproportionate.

Of course there are those who would say that micro-staking is merely good strategy and that others shouldn't carp about being not so tactically 'gifted'. Well, sometimes tactics can lead to an overwhelming consensus on the way forward. I'd like to put that notion out to Tek investors for discussion.

I'm of the opinion that setting a staking threshold is a difficult solution to apply. That could be why Thundertoe is not rushing into a quick-fix. At what level do you set the threshold? Will that level become the new micro-staking zone?

I believe that we might have to consider some formula that includes decoupling the percentage payout from the difficulty, if fair staking is to be achieved. Linking the percentage payout simply to the coin supply, as has been suggested before, could be one such way; perhaps the only way to ensure fair staking and long-term viability. Is that what Tek investors want?
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March 07, 2016, 12:25:00 PM
Last edit: March 07, 2016, 01:15:27 PM by Trimegistus
 #5172

Guys,

I've been reading all your posts concerning the wait for the difficulty to be at the right level to stake and I've decided to invite all of you to join me in a very easy math exercise.

Let's assume someone has a 100k block, shall we?

1st scenario - high difficulty (stake rate 10%)

30 days - 100,000+10% = 110,000
60 days - 110,000+10% = 121,000
90 days - 121,000+10% = 133,100

2nd scenario - wait 90 days for low difficulty (stake rate 40%)

90 days - 100,000+40% = 140,000

Now, these are extreme conditions and in reality one has to very unlucky to stake at 10% three months in a row, or to be very lucky to stake at exactly 40% after three months.

real life scenario 1 - high difficulty (stake rate 12%-15%)

30 days - 100,000+12% = 112,000
60 days - 112,000+15% = 128,800
90 days - 128,800+12% = 144,256

real life scenario 2 - wait 90 days for low difficulty (stake rate 35%)

90 days - 100,000+35% = 135,000

I know, this has nothing to do with the micro stakers conspiracy. What I'm trying to show is that IMHO if we want to gamble on luck we might as well stake every 30 days because there are good odds at getting a better income.

In reality, with a bit of luck one can stake at 25% or maybe even at 35% only after 30 days! So why the wait?

Not for me... I stake every month, consolidate my blocks, and hope for the best.

Cheers!  Grin

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March 07, 2016, 01:29:12 PM
 #5173

Guys,

I've been reading all your posts concerning the wait for the difficulty to be at the right level to stake and I've decided to invite all of you to join me in a very easy math exercise.

Let's assume someone has a 100k block, shall we?

1st scenario - high difficulty (stake rate 10%)

30 days - 100,000+10% = 110,000
60 days - 110,000+10% = 121,000
90 days - 121,000+10% = 133,100

2nd scenario - wait 90 days for low difficulty (stake rate 40%)

90 days - 100,000+40% = 140,000

Now, these are extreme conditions and in reality one has to very unlucky to stake at 10% three months in a row, or to be very lucky to stake at exactly 40% after three months.

real life scenario 1 - high difficulty (stake rate 12%-15%)

30 days - 100,000+12% = 112,000
60 days - 112,000+15% = 128,800
90 days - 128,800+12% = 144,256

real life scenario 2 - wait 90 days for low difficulty (stake rate 35%)

90 days - 100,000+35% = 135,000

I know, this has nothing to do with the micro stakers conspiracy. What I'm trying to show is that IMHO if we want to gamble on luck we might as well stake every 30 days because there are good odds at getting a better income.

In reality, with a bit of luck one can stake at 25% or maybe even at 35% only after 30 days! So why the wait?

Not for me... I stake every month, consolidate my blocks, and hope for the best.

Cheers!  Grin

That's what I have been doing , but last stake yield was only 6.5-8.5% , 140k staked 9700++. So it would seem if yield is below 10% , than the next thing would be to wait the 90 days

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March 07, 2016, 01:32:24 PM
 #5174


That's what I have been doing , but last stake yield was only 6.5-8.5% , 140k staked 9700++. So it would seem if yield is below 10% , than the next thing would be to wait the 90 days

I'll never wait for more than 30 days. That's my bet and I understand the risks.

But there are absolutely no guarantees to get a better return after 60 or 90 days.

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March 07, 2016, 02:02:30 PM
 #5175

Guys,

I've been reading all your posts concerning the wait for the difficulty to be at the right level to stake and I've decided to invite all of you to join me in a very easy math exercise.

Let's assume someone has a 100k block, shall we?

1st scenario - high difficulty (stake rate 10%)

30 days - 100,000+10% = 110,000
60 days - 110,000+10% = 121,000
90 days - 121,000+10% = 133,100

2nd scenario - wait 90 days for low difficulty (stake rate 40%)

90 days - 100,000+40% = 140,000

Now, these are extreme conditions and in reality one has to very unlucky to stake at 10% three months in a row, or to be very lucky to stake at exactly 40% after three months.

real life scenario 1 - high difficulty (stake rate 12%-15%)

30 days - 100,000+12% = 112,000
60 days - 112,000+15% = 128,800
90 days - 128,800+12% = 144,256

real life scenario 2 - wait 90 days for low difficulty (stake rate 35%)

90 days - 100,000+35% = 135,000

I know, this has nothing to do with the micro stakers conspiracy. What I'm trying to show is that IMHO if we want to gamble on luck we might as well stake every 30 days because there are good odds at getting a better income.

In reality, with a bit of luck one can stake at 25% or maybe even at 35% only after 30 days! So why the wait?

Not for me... I stake every month, consolidate my blocks, and hope for the best.

Cheers!  Grin

That's what I have been doing , but last stake yield was only 6.5-8.5% , 140k staked 9700++. So it would seem if yield is below 10% , than the next thing would be to wait the 90 days

I don't believe that is quite how it works.  The 90 days would be prorated at whatever the current stake rate is for the extra days beyond 30, so the yield would be much higher.

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March 07, 2016, 02:49:39 PM
 #5176



I don't believe that is quite how it works.  The 90 days would be prorated at whatever the current stake rate is for the extra days beyond 30, so the yield would be much higher.

That might be true. But still, in the present conditions you'll be lucky to get 40% after 90 days. That's my point...  Tongue

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March 07, 2016, 02:55:53 PM
 #5177


... I know, this has nothing to do with the micro stakers conspiracy ...


In my humble opinion (no laughs please, I can be humble on occasion ...  Wink), you acknowledge a main flaw in your calculation.

The micro-stakers do exist. They have defended their strategy in this and other threads. Their work can be seen by using PressTab's block explorer - the amount they stake, the difficulty they inflict upon the rest of us, and the carpeting of low percentages ... that is until they stake at the most opportune time with their big hitters.

The odds are in the favour of the micro-staking House. Over time, that will tend to make ordinary investors increasingly irrelevant with regards to staking.

There is another aspect to large scale micro-staking that should be considered i.e. in the wrong hands, it is a massive security threat.
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March 07, 2016, 03:04:25 PM
 #5178



In my humble opinion (no laughs please, I can be humble on occasion ...  Wink), you acknowledge a main flaw in your calculation.

The micro-stakers do exist. They have defended their strategy in this and other threads. Their work can be seen by using PressTab's block explorer - the amount they stake, the difficulty they inflict on the rest of us, and the carpet of low percentages ... that is until they stake at the most opportune time with their big hitters.

The odds are in the favour of the micro-staking House. Over time, that will tend to make ordinary investors increasingly irrelevant with regards to staking.

There is another aspect to large scale micro-staking that should be considered i.e. in the wrong hands, it is a massive security threat.

Indeed, that's a fact.

What I meant was that my calculations were disregarding the existence of those micro-stakers. Why? Because we never know exactly when they are going to hit!

Therefore, I keep staking at 30 days interval. Sometimes I win, sometimes I lose. That's the nature of the game!

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March 07, 2016, 03:19:54 PM
 #5179

@ Trimegistus

Micro-staking strategy was a game-changer. Are you saying that you are quite happy with that?

To all investors:

Another game-changer could be decoupling the link between the percentage payout and the difficulty - and coding in a framework that includes the linking of the percentage payout to the coin supply. How do you all feel about bringing in this much needed Spring clean?
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March 07, 2016, 03:28:19 PM
 #5180

@ Trimegistus

Micro-staking strategy was a game-changer. Are you saying that you are quite happy with that?

To all investors:

Another game-changer could be decoupling the link between the percentage payout and the difficulty - and coding in a framework, which includes the linking of the percentage payout to the coin supply. How do you all feel about bringing in this much needed Spring clean?

Absolutely not! I'm not happy at all! But, taking into account that the solution is still far from being consensual (with or without hardfork) and apparently is not going to happen anytime soon, I prefer to ignore them!

Get it? I do not approve those tactics, but I try to ignore them! I cannot fight them, therefore I pretend they don't even exist!

I know they are real, but I don't let them rule my staking rhythm. That's all my saying...  Grin


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