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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 429693 times)
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June 04, 2016, 12:45:59 PM
 #5701

I just hit up Polo again too. Cant hurt.
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June 04, 2016, 05:26:53 PM
 #5702

I have been doing some thinking about tek and realized that like all other alt coins tek has real value because you can trade tek for btc. altcoins really should be thought of as alternate or parallel block chains. Since this is true as bitcoin value increases this will increase the value of all altcoins especially high pos coins such as tek. This coin has real value especially in the long term. I see this coin settling into 1000 to 2000 Satoris range. This is a coin everyone can participate in owning as you can invest in it and have generate revenue without the need of expensive miner equipment. This is a big advantage.

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June 04, 2016, 08:03:44 PM
 #5703

I have been doing some thinking about tek and realized that like all other alt coins tek has real value because you can trade tek for btc. altcoins really should be thought of as alternate or parallel block chains. Since this is true as bitcoin value increases this will increase the value of all altcoins especially high pos coins such as tek. This coin has real value especially in the long term. I see this coin settling into 1000 to 2000 Satoris range. This is a coin everyone can participate in owning as you can invest in it and have generate revenue without the need of expensive miner equipment. This is a big advantage.


So here's my thought process regarding bitcoin and alts in terms of monatery value: 1 Satoshi is 100 000 000th of a single bitcoin.  The market at this particular juncture 'thinks' that 1 TEK is worth 5 000 000th of a bitcoin. So you'll need 5mil TEK to get hold of 1 bitcoin. Think about that for a moment: 1 bitcoin (total 21 000 000) equals 5 000 000 TEK. It seems to me bitcoin is hyperinflated against 99.999% of altcoins (or the other way around) , but not all alts are in fact 'shitcoins'. I mean where in the world (apart form cryptocurrencies) would you spend 5 million units of any particular currency to buy a single unit of another? Nowhere at all, although Zimbabwean dollar does a pretty decent job at trying. Actually the rate is as follows: [1 USD ~ 362 ZWD] I realize of course that crypto world is wayy unlike any other so the rules here are different too. Nonetheless I still think bitcoin is overpriced (against alt coins), and a couple alts are wayy undervalued and the rest of the alts is quite shitty and will stay that way. We'll see how things turn out eventually.

Edit: maybe bitcoin needs to be "overpriced" against alts because there are so many of them - 643 and counting. To make "room" for all the alts you need a pretty hefty mother of all crypto: BITCOIN.
With 643 altcoins - if only 2% is not shitcoins that will give you almost 13 alternative cryptocurrencies apart form bitcoin that is not crap. 13 is quite a number already. That is to say IF, but who kows, maybe its even much more than 13 that will turn out quite allright. Time will tell as the market makes up its mind. TEK though, will stay on mine.  Smiley


FREEDOM
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June 04, 2016, 09:07:11 PM
 #5704

I have been doing some thinking about tek and realized that like all other alt coins tek has real value because you can trade tek for btc. altcoins really should be thought of as alternate or parallel block chains. Since this is true as bitcoin value increases this will increase the value of all altcoins especially high pos coins such as tek. This coin has real value especially in the long term. I see this coin settling into 1000 to 2000 Satoris range. This is a coin everyone can participate in owning as you can invest in it and have generate revenue without the need of expensive miner equipment. This is a big advantage.


So here's my thought process regarding bitcoin and alts in terms of monatery value: 1 Satoshi is 100 000 000th of a single bitcoin.  The market at this particular juncture 'thinks' that 1 TEK is worth 5 000 000th of a bitcoin. So you'll need 5mil TEK to get hold of 1 bitcoin. Think about that for a moment: 1 bitcoin (total 21 000 000) equals 5 000 000 TEK. It seems to me bitcoin is hyperinflated against 99.999% of altcoins (or the other way around) , but not all alts are in fact 'shitcoins'. I mean where in the world (apart form cryptocurrencies) would you spend 5 million units of any particular currency to buy a single unit of another? Nowhere at all, although Zimbabwean dollar does a pretty decent job at trying. Actually the rate is as follows: [1 USD ~ 362 ZWD] I realize of course that crypto world is wayy unlike any other so the rules here are different too. Nonetheless I still think bitcoin is overpriced (against alt coins), and a couple alts are wayy undervalued and the rest of the alts is quite shitty and will stay that way. We'll see how things turn out eventually.

Edit: maybe bitcoin needs to be "overpriced" against alts because there are so many of them - 643 and counting. To make "room" for all the alts you need a pretty hefty mother of all crypto: BITCOIN.
With 643 altcoins - if only 2% is not shitcoins that will give you almost 13 alternative cryptocurrencies apart form bitcoin that is not crap. 13 is quite a number already. That is to say IF, but who kows, maybe its even much more than 13 that will turn out quite allright. Time will tell as the market makes up its mind. TEK though, will stay on mine.  Smiley



It all depends on coin survival. If TEK exists and is being used in 5 years then yes, current valuation looks absurd, but if TEK is dead, then current exchange rate makes TEK overvalued at even 1 satoshi
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June 04, 2016, 09:56:28 PM
 #5705

It all depends on coin survival. If TEK exists and is being used in 5 years then yes, current valuation looks absurd, but if TEK is dead, then current exchange rate makes TEK overvalued at even 1 satoshi

Only takes ~ 4 nodes to keep a Proof of Stake coin network alive.  Smiley
Current supply is only 217,887,413 .
At one satoshi, you could buy the entire Marketcap at 2.17887413 Bitcoins.
Plus the 40% interest rate per month could be changed to 40% per year, which would dry up excess coins very quickly.
40% Interest Yearly is still an undreamed of amount in the Real World where Bankers are enacting NIRP (Negative Interest Rate Policy).


 Cool

FYI:
Tek is Faster than BTC.
Tek Requires less resources to run.
Tek can be used for the mircopayment markets, BTC is no longer suitable for micropayments.
Tek has a larger upside Potential than BTC.
BTC has a Larger Downside Potential.
Chinese Miners control more than 60% of BTC , meaning they could 51% attack it on a daily basis.
Tek is better protected from a 51% attack due to having PoS.

The only real reason BTC costs more than Tek, is so many are clueless about the technical side and they fall for the BTC propaganda.
Time will correct this confusion.  Cheesy
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June 05, 2016, 01:52:36 AM
 #5706

I think most of us are satisfied with the way Tek performs. We are quite happy in staking Tek and selling off part of the interest every now and then. We don't need to buy Tek. Tek is created every time we open our wallets for minting.

We should spread the word a little more than we have been doing. We should sit down with at least 6 friends, or relatives and install Tek wallets for them to show them how good it is. Some people would like to join the Crypto revolution, but can't get their heads around to doing it. Those enlightened 6 should then do the same for 6 more ... and again a few more times ... you know, the 6 degrees of separation bit, only this will be 6 more effective to begin with ... and then will mushroom until everyone in the world knows a Tekhead ... through 6 degrees of separation ... if followed through at least 6 generations ... - I don't think it quite works like that, but you get the gist.  Smiley

The same goes for HoboNickels.

At the moment someone is manipulating the price of Tek with 'fake' sell walls in order to push the price lower into Buy traps. An influx of a few more Tekheads would take care of that problem. As it stands at this moment of writing, 0.0161 BTC would wipe out the entire sell wall from 20-30 Satoshis ... whoops, I've just  done it  ... just on a whim! I bought all from 19 Satoshis and planted the Sell price into the 30s. Will my seeds be watered?! It currently stands at 31 Satoshis.

Now watch the 'fake', flimsy sell wall re-establish itself   Wink

EDIT: within a few minutes of posting this, true to form, the sell wall came back .... 30 ... 29 ... 28 ... 27 ... 26 ... 25 Satoshis ... so I took it back up to 31 Satoshis with 0.007 BTC. Moral of the story: Don't be panicked into selling low if you want a reasonable price for the rest of your stash. I should imagine the price will shoot up anyway when those stranded on Yobit's fork wake up ... and others too. Tek is a top POS coin and POS is the way to go. Ethereum and the Dao are only just realising that.
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June 05, 2016, 09:08:59 AM
 #5707

I think if TEK had a gaming site or something it might get more users. CBX is about to start a lotto site, something like that can keep a coin going, maybe TEK could do something similar.

The thing I like is TEK hasn't had any scam accusations, so the back story is clean afaik. So many other coins have way too many skeletons in the closet, like Dash, so they're more risky. Of the POS coins TEK and HBN seem the best
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June 05, 2016, 11:59:59 AM
 #5708

I think if TEK had a gaming site or something it might get more users. CBX is about to start a lotto site, something like that can keep a coin going, maybe TEK could do something similar.

The thing I like is TEK hasn't had any scam accusations, so the back story is clean afaik. So many other coins have way too many skeletons in the closet, like Dash, so they're more risky. Of the POS coins TEK and HBN seem the best

I can't agreed with you more . than that , yes tek is great but it is lacking right now is support

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June 05, 2016, 05:49:30 PM
 #5709

Well I thought about getting into TEK but wallet doesnt work and hardly any pools  dont think I will bother with TEK

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June 05, 2016, 06:14:53 PM
 #5710

Well I thought about getting into TEK but wallet doesnt work and hardly any pools this coin will die!
Wallet works just fine, just make sure you have the latest, see OP.
Here is where you can find fresh nodes :
http://tek.presstab.pw/

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June 06, 2016, 12:41:48 AM
 #5711

Well I thought about getting into TEK but wallet doesnt work and hardly any pools  dont think I will bother with TEK


1. Download the latest wallet.
2. Delete everything in the %Appdata%/tekcoin folder except wallet.dat and (and tekcoin.conf if you have one with nodes).
3. Download the blockchain files from cryptochainer.com
4. Copy these files from this download to the %Appdata%/tekcoin folder and you should be good.


I don't know about mining TEK the PoW way but the PoS way is better than it anyway if you have a high balance.

Our TEK's only problem is the lack of exchanges supporting it. As it has one good exchange Cryptopia and a shady one Yobit.

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June 06, 2016, 03:26:07 AM
 #5712

tek withdraw at yobit still doesnt work?
about gaming we can setup a poker room if there are bounties like other coins offer
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June 06, 2016, 06:47:10 AM
 #5713

can tek dev team edit the OP to say in bold and colored letters NOT TO TRADE IN YOBIT? a lot of users have been victimized into buying cheap tek coins there thinking they found arbitrage. they are doing it on purpose to milk the users into the trap. even an ordinary user of tek wallet can download the latest wallet and bootstrap or snapshot within 1 hour and it will be fixed. the wallet problem there has been going on for about a month now i think. is that so difficult to fix?
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June 06, 2016, 03:46:22 PM
 #5714

can tek dev team edit the OP to say in bold and colored letters NOT TO TRADE IN YOBIT? a lot of users have been victimized into buying cheap tek coins there thinking they found arbitrage. they are doing it on purpose to milk the users into the trap. even an ordinary user of tek wallet can download the latest wallet and bootstrap or snapshot within 1 hour and it will be fixed. the wallet problem there has been going on for about a month now i think. is that so difficult to fix?

They might do it if you send 1 bitcoin to 114EfeskR7RR9Lkankm6SrYUpy4ExTAxh8 word is that gets things done last week  Tongue .
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June 06, 2016, 04:12:51 PM
 #5715

They might do it if you send 1 bitcoin to 114EfeskR7RR9Lkankm6SrYUpy4ExTAxh8 word is that gets things done last week  Tongue .

Wow what a business structure. Add a bunch of altcoins, neglect their respective wallets and extort the almighty BTC in return for fixing said wallet Shocked. I wish I would have thought of this. Seriously, Thundertoe is Yobit asking for 1 BTC just to fix the wallet on their own exchange site that makes money by charging fees for trading?

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June 06, 2016, 04:46:56 PM
 #5716

They might do it if you send 1 bitcoin to 114EfeskR7RR9Lkankm6SrYUpy4ExTAxh8 word is that gets things done last week  Tongue .

Wow what a business structure. Add a bunch of altcoins, neglect their respective wallets and extort the almighty BTC in return for fixing said wallet Shocked. I wish I would have thought of this. Seriously, Thundertoe is Yobit asking for 1 BTC just to fix the wallet on their own exchange site that makes money by charging fees for trading?


hehe .. that is my addy, same one in my sig was just kinda goofing since the notice was put up awhile ago on the top of the op.
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June 07, 2016, 04:01:42 PM
 #5717

Maybe it's time to talk with Bill at Bittrex about getting TEK on a real exchange... he is in the Slack almost everyday...

Bittrex charges 3 BTC to add a coin.
(Talking alone won't do anything , except when you talk to him , he tells you it 3 BTC.)  Tongue

Bleutrade charges 2 BTC to add a coin.
Their Delisting Policy is more lenient than Bittrex.


 Cool

FYI:
Personally Very Happy With Cryptopia.  Smiley
Would also recommend adding the LTC & Doge Markets to CoinMarketcap , as many start to favor the faster transactions and lower fees of LTC & Doge
https://www.cryptopia.co.nz/Exchange/?market=TEK_LTC
https://www.cryptopia.co.nz/Exchange/?market=TEK_DOGE


FY2:
Bittrex Hacking scandal has not been resolved yet.  Tongue
https://bitcointalk.org/index.php?topic=1423584.0
Hero & Legendary members have claimed stolen BTC, Bittrex has refused to call the Authorities in.

Thats not correct either, They added Darknet for free, just needed to convince Bill it was worth the effort... Are you saying that TEK isn't worth the effort??

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June 07, 2016, 09:40:36 PM
 #5718

Maybe it's time to talk with Bill at Bittrex about getting TEK on a real exchange... he is in the Slack almost everyday...

Bittrex charges 3 BTC to add a coin.
(Talking alone won't do anything , except when you talk to him , he tells you it 3 BTC.)  Tongue

Bleutrade charges 2 BTC to add a coin.
Their Delisting Policy is more lenient than Bittrex.


 Cool

FYI:
Personally Very Happy With Cryptopia.  Smiley
Would also recommend adding the LTC & Doge Markets to CoinMarketcap , as many start to favor the faster transactions and lower fees of LTC & Doge
https://www.cryptopia.co.nz/Exchange/?market=TEK_LTC
https://www.cryptopia.co.nz/Exchange/?market=TEK_DOGE


FY2:
Bittrex Hacking scandal has not been resolved yet.  Tongue
https://bitcointalk.org/index.php?topic=1423584.0
Hero & Legendary members have claimed stolen BTC, Bittrex has refused to call the Authorities in.

Thats not correct either, They added Darknet for free, just needed to convince Bill it was worth the effort... Are you saying that TEK isn't worth the effort??
+1
I think Truckcoin was re-added also for free after being removed because of too many days with low volume.

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June 07, 2016, 10:56:38 PM
 #5719

Thats not correct either, They added Darknet for free, just needed to convince Bill it was worth the effort... Are you saying that TEK isn't worth the effort??

Nope, don't put your typed words in my keyboard

Prove me wrong about Bittrex,
You talk to Bill and let everyone knows how it goes.  Wink

 Cool
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June 07, 2016, 11:12:32 PM
 #5720

Thats not correct either, They added Darknet for free, just needed to convince Bill it was worth the effort... Are you saying that TEK isn't worth the effort??

Nope, don't put your typed words in my keyboard

Prove me wrong about Bittrex,
You talk to Bill and let everyone knows how it goes.  Wink

 Cool

I have spoken to Bill, as I stated.. But he wants to speak to the Dev which is more appropriate...

I can easily prove you wrong.. No one paid to get Darknet added.. it just was.. for free.. All I had to do as the Dev was to talk to Bill.. Like I said..

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