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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 438074 times)
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Joebwan
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March 08, 2016, 05:50:18 PM
 #5201

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... 

If you have been following this, its not the fact that diff is high that is the problem. If diff were responding to natural market conditions, the coin would be doing exactly as it is supposed to.  The problem is that folk(s) are artificially rising difficulty, and dropping diff when they want to stake. This give them, the micro-stakers, an unfair advantage.  We goal is to even the playing field, not necessarily raise the stake percentage.

I don’t believe anyone who has thought it through is in favor of having the diff so low that we experience runaway inflation due to coin saturation. Nor are we interested in have a select few able to stake at high rates while the rest of us suck hind tit.  The coin is awesome, we have acknowledged that there is a problem, and wish to see it addressed.

As Biomech is so fond of saying, TEK is an old coin. I agree it has been around and has stood the test of time. It is time to fix any limitations it may have and move into the next phase of it’s existence.
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March 08, 2016, 08:43:38 PM
 #5202

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...  

If you have been following this, its not the fact that diff is high that is the problem. If diff were responding to natural market conditions, the coin would be doing exactly as it is supposed to.  The problem is that folk(s) are artificially rising difficulty, and dropping diff when they want to stake. This give them, the micro-stakers, an unfair advantage.  We goal is to even the playing field, not necessarily raise the stake percentage.

I don’t believe anyone who has thought it through is in favor of having the diff so low that we experience runaway inflation due to coin saturation. Nor are we interested in have a select few able to stake at high rates while the rest of us suck hind tit.  The coin is awesome, we have acknowledged that there is a problem, and wish to see it addressed.

As Biomech is so fond of saying, TEK is an old coin. I agree it has been around and has stood the test of time. It is time to fix any limitations it may have and move into the next phase of it’s existence.


I have but I don't think along the same lines. I don't think it's artificial and I do think these are exactly natural market conditions: everyone trying to make the most of it. There's really nothing unfair about it. Just do the same if you think it's beneficiary. You would certainly help limit inflation that way and I don't think many people will complain about that.



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March 08, 2016, 11:15:18 PM
 #5203

I've not paid a great deal of attention to other NovaCoin derived coins for a long time. What have other coins done to address this? I know for HYP, Presstab reworked the whole POS scheme to the point that it's not even really based on NVCS anymore.

I dont think this is derived from NVC. I think its from PPC more accurately.
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March 09, 2016, 12:47:59 AM
 #5204

I've not paid a great deal of attention to other NovaCoin derived coins for a long time. What have other coins done to address this? I know for HYP, Presstab reworked the whole POS scheme to the point that it's not even really based on NVCS anymore.

I dont think this is derived from NVC. I think its from PPC more accurately.


Nope, it's from NovaCoin. Uses the NVCS difficulty modifier for Proof Of Stake. NovaCoin, I believe, was the first direct descendant from PPC, so you're partially right Cheesy

I've been involved in TEK almost since it's launch, which I think is why people think I'm one of the developers. But anyway... What we're discussing here is 'fixing' the staking diff by altering it's paramaters, and I wondered how that's been done on other NVCS coins. HyperStake, I know what was done. The whole thing was rebuilt along different lines, with a cap to staking rather than a change in reward based on difficulty. That might not be a terrible idea for TEK, but then again it might.

Personally, I'm not in a hurry one way or the other. The microstaking is irritating, but as pressF1 noted, it IS actually working as designed and lowering inflation rather significantly. In the end, maybe leaving it alone, or merely making microstake mean at least larger blocks, is all that needs doing. Me and Tek will stay in touch either way Cheesy

I also think that it would be very wise to start working on use cases for TEK. I'm big on the idea of online poker/casino stuff, or a trade market (which someone told me is already on Cryptopia, so that could be something). But any coin that solely is traded for bitcoin without any other use case sooner or later will be a footnote in history. Since Tek was one of the first high POS coins, I'd hate to see that happen.

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March 09, 2016, 07:19:11 AM
 #5205


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 %


FREEDOM
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March 09, 2016, 01:09:53 PM
 #5206


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.
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March 09, 2016, 06:41:30 PM
 #5207


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 Cheesy

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March 09, 2016, 09:04:24 PM
 #5208


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 Cheesy

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.

FREEDOM
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March 09, 2016, 10:55:31 PM
 #5209


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 Cheesy

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.

I think under this scenario the whale would simply divide his 1,000,000 into 10,000 unique addressed piles of 100.  I would.
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March 10, 2016, 12:56:19 AM
 #5210


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 Cheesy

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!

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Joebwan
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March 10, 2016, 03:34:33 AM
 #5211


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 Cheesy

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?
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March 10, 2016, 03:59:19 AM
 #5212

Damn that escalated quickly Tongue

I was simply being sarcastic. I'm about as far from a socialist as you can get.

But it stimulated some good conversation, so I guess it came out in the end Cheesy I'm no where near being a whale at this point, though at one time I did hold close to a million TEK. Various personal disasters required me to sell, and I'm slowly building back up, which is a nice feature of high POS coins.

I'm actually not terribly concerned with inflation, whether or not microstaking is eliminated, because if we don't have a good use case, it'll go away anyway. The TekHeads have been pretty fiercely loyal since the coin was new, so I'm saying this is doable.

I, personally, am not worried about staking at 10% instead of 40%. It's nice to hit the big one, and sometimes I do. I'm worried about the future of the coin, and if the general consensus says we need to eliminate or control microstaking, then let's do it. I don't think that RADICALLY altering a proven product is a good idea, but minor tweaks, yes.

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March 10, 2016, 06:31:22 AM
 #5213


Lively discsussion is great - I love it. I mostly only follow it but is nice to be in it too  Cheesy Whatever will keep the coin in good shape for years to come I'm in and have been since the beginning.

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March 10, 2016, 11:24:50 AM
 #5214


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 Cheesy

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

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Joebwan
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March 10, 2016, 01:16:58 PM
 #5215

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?
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March 10, 2016, 02:11:48 PM
 #5216

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.
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March 10, 2016, 03:02:47 PM
 #5217

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 ....    Grin

Bad times make up strong men, strong men make up good times, good times make up the weak men, weak men up bad times ..... where we are now Huh??
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March 10, 2016, 05:55:06 PM
 #5218

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 ....    Grin

That's already there.

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March 10, 2016, 06:16:24 PM
 #5219

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 ....    Grin

That's already there.

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

Bad times make up strong men, strong men make up good times, good times make up the weak men, weak men up bad times ..... where we are now Huh??
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March 10, 2016, 07:31:02 PM
 #5220

hi where i can find staking weight in console?

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