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

[CryptoWiz420]

Hi guys,
 
Would there be any interest in an auction site that uses TEK?

as i have made one, started out as just an experiment but has turned out too good to toss to the side,
if there would be enough interest i would host it.
Something like this might save the coin.


one question is it normal for the wallet to round to 6 decimal places? its one issue i havn't got around.

donate TEK to help the project Bb82VWAn1QmE48Hpx4hp7S3BKD1er7V9Pr

All positive replies so far. Anymore takers?

Great idea! TEK is still one of the best staking coins, just taken a few too many knocks, but it can certainly come back. An auction site would keep TEK active long enough to reap the benefits from the likely surge crypto will get from bitcoin bull market.

I will take TEK in swap for PUNZ anytime

[coinhugger]

Any real world usage would be positive.
I would suggest a reverse split of 1:100
or higher might make sense.

Please excuse my ignorance, but what do you mean by 'a reverse split of 1:100'?

[vancefox]

Any real world usage would be positive.
I would suggest a reverse split of 1:100
or higher might make sense.

Please excuse my ignorance, but what do you mean by 'a reverse split of 1:100'?

It's a way to reduce total number of coins available.  Basically divide your, and everyone else's, balance by 100 and that would be the new balance.

"moneysupply" : 1039532234.41714394

New moneysupply would be 10395322.34417143 with a 1:100 reverse split.

[Rossc]

Hi guys,
 
Would there be any interest in an auction site that uses TEK?

as i have made one, started out as just an experiment but has turned out too good to toss to the side,
if there would be enough interest i would host it.
Something like this might save the coin.


one question is it normal for the wallet to round to 6 decimal places? its one issue i havn't got around.

donate TEK to help the project Bb82VWAn1QmE48Hpx4hp7S3BKD1er7V9Pr

I vote yes

Hi guys i have decided to host it, see tekauction.com

and this thread https://bitcointalk.org/index.php?topic=1723034.0

[coinhugger]

Any real world usage would be positive.
I would suggest a reverse split of 1:100
or higher might make sense.

Please excuse my ignorance, but what do you mean by 'a reverse split of 1:100'?

It's a way to reduce total number of coins available.  Basically divide your, and everyone else's, balance by 100 and that would be the new balance.

"moneysupply" : 1039532234.41714394

New moneysupply would be 10395322.34417143 with a 1:100 reverse split.

Ah interesting. Thanks for the explanation.  I think that would not be a bad idea for TEK. Maybe even a 1:1000 reverse split then.

[bitmaster1x]

Any real world usage would be positive.
I would suggest a reverse split of 1:100
or higher might make sense.

Please excuse my ignorance, but what do you mean by 'a reverse split of 1:100'?

It's a way to reduce total number of coins available.  Basically divide your, and everyone else's, balance by 100 and that would be the new balance.

"moneysupply" : 1039532234.41714394

New moneysupply would be 10395322.34417143 with a 1:100 reverse split.

Why do people think that reverse splits will solve issues?  For the most part it only accelerates the demise. lol

The better solution is to simply reduce the stake reward. This way, the current & future volume trade value is not killed off.

For example, 1000 coins that go up 1 point, is more valuable than 1 coin that goes up 1 point.

[6436346346]

If people put 20% of the effort they use changing numbers in source code and releasing new version every month into actually finding tangible goods and services that can used with the coin they will have a stable price.

You can change all the magic numbers you want, but if the coin cant be used for anything but trading its simply a novelty that will wear thin as the new coin of the week is released.


Find a use for TEK, then the price will rise on its own, without needing to be pumped or babysitted.

[Rossc]

If people put 20% of the effort they use changing numbers in source code and releasing new version every month into actually finding tangible goods and services that can used with the coin they will have a stable price.

You can change all the magic numbers you want, but if the coin cant be used for anything but trading its simply a novelty that will wear thin as the new coin of the week is released.


Find a use for TEK, then the price will rise on its own, without needing to be pumped or babysitted.

See my post above. tekauction.com

[coinhugger]

If people put 20% of the effort they use changing numbers in source code and releasing new version every month into actually finding tangible goods and services that can used with the coin they will have a stable price.

You can change all the magic numbers you want, but if the coin cant be used for anything but trading its simply a novelty that will wear thin as the new coin of the week is released.


Find a use for TEK, then the price will rise on its own, without needing to be pumped or babysitted.

I totally agree with you that real-world applications for the coin will possibly create some demand for it.  Regarding the reverse split I think it is useful, not as a gimmick but to make the numbers more practical to work with.

[JPred]

hi, i dont expect anyone to care about it. its for those who already do care

This is where you had me, guts and all, Rossc. Plus, I can see the community is ready to support this. I am too. Wiil be contributing a slice of staked TEK soon (with next staking event). Thanks so much for your efforts!

Hi guys,
 
Would there be any interest in an auction site that uses TEK?

as i have made one, started out as just an experiment but has turned out too good to toss to the side,
if there would be enough interest i would host it.
Something like this might save the coin.


one question is it normal for the wallet to round to 6 decimal places? its one issue i havn't got around.

donate TEK to help the project Bb82VWAn1QmE48Hpx4hp7S3BKD1er7V9Pr

I vote yes

Hi guys i have decided to host it, see tekauction.com

and this thread https://bitcointalk.org/index.php?topic=1723034.0

[Rossc]

hi, i dont expect anyone to care about it. its for those who already do care

This is where you had me, guts and all, Rossc. Plus, I can see the community is ready to support this. I am too. Wiil be contributing a slice of staked TEK soon (with next staking event). Thanks so much for your efforts!

Hi guys,
 
Would there be any interest in an auction site that uses TEK?

as i have made one, started out as just an experiment but has turned out too good to toss to the side,
if there would be enough interest i would host it.
Something like this might save the coin.


one question is it normal for the wallet to round to 6 decimal places? its one issue i havn't got around.

donate TEK to help the project Bb82VWAn1QmE48Hpx4hp7S3BKD1er7V9Pr

I vote yes

Hi guys i have decided to host it, see tekauction.com

and this thread https://bitcointalk.org/index.php?topic=1723034.0

Nice one thanks JPred!

[Woody20285]

Why do people think that reverse splits will solve issues?  For the most part it only accelerates the demise. lol
The better solution is to simply reduce the stake reward. This way, the current & future volume trade value is not killed off.
For example, 1000 coins that go up 1 point, is more valuable than 1 coin that goes up 1 point.

I do not believe there is a simple solution. Certainly the stake reward needs reduced.
It is not my observation that reverse splits hasten the demise of a coin. The most recent
example I can think of is ERC, which reduced POS rewards (actually changed them to HODL
at a lower %) and did a 1-10 reverse split which caused the price to double. This is also
coupled with real world usage development. I believe that all of these are necessary.

[coinhugger]

Hi guys,
 
Would there be any interest in an auction site that uses TEK?

as i have made one, started out as just an experiment but has turned out too good to toss to the side,
if there would be enough interest i would host it.
Something like this might save the coin.


one question is it normal for the wallet to round to 6 decimal places? its one issue i havn't got around.

donate TEK to help the project Bb82VWAn1QmE48Hpx4hp7S3BKD1er7V9Pr

I vote yes

Hi guys i have decided to host it, see tekauction.com

and this thread https://bitcointalk.org/index.php?topic=1723034.0

Awesome! Well done. 

Now I was hoping to buy a camera drone with my TEK, but that's not (yet) available.  Looking forward to see more items soon.

[Rossc]

Awesome! Well done. 

Now I was hoping to buy a camera drone with my TEK, but that's not (yet) available.  Looking forward to see more items soon.

Yeah its being a little slow. Site has had a few thousand hits since I posted here but no joiners so far.
Hopefully people will start joining and adding items soon

[sirazimuth]

Hi guys,
 
Would there be any interest in an auction site that uses TEK?

as i have made one, started out as just an experiment but has turned out too good to toss to the side,
if there would be enough interest i would host it.
Something like this might save the coin.


one question is it normal for the wallet to round to 6 decimal places? its one issue i havn't got around.

donate TEK to help the project Bb82VWAn1QmE48Hpx4hp7S3BKD1er7V9Pr

I vote yes

Hi guys i have decided to host it, see tekauction.com

and this thread https://bitcointalk.org/index.php?topic=1723034.0

well great effort.
I find it a little strange that a newbie account would go to such lengths to create and host an auction site
for a crypto coin thats all but dead. just saying.  Knowing that  fishing scams and the like are extremely  prevelant around the crypto theater (namely Bitcointalk)
my paranoia is talking, so please dont take it personally. Hope it pans out but I'll just watch from the sidelines for now. Good luck.

[Rossc]

Hi sirazimuth. I understand your concerns. The whole thing started out as an experiment. And when done I thought it worked too well just to let it lay on my hard drive doing nothing. Yes I could have picked any coin. I believe tek can make a comeback if given a chance. That's all I'm doing. If I was out to fraud or scam I'd have picked a coin with some value behind it. But of course I totally agree with you, im sure the first few people to put hard earned cash into bitcoin would have been sceptical.

[coinhugger]

Hi sirazimuth. I understand your concerns. The whole thing started out as an experiment. And when done I thought it worked too well just to let it lay on my hard drive doing nothing. Yes I could have picked any coin. I believe tek can make a comeback if given a chance. That's all I'm doing. If I was out to fraud or scam I'd have picked a coin with some value behind it. But of course I totally agree with you, im sure the first few people to put hard earned cash into bitcoin would have been sceptical.

I for one am glad to see an actual application for TEK. Many coins don't even have ANY use, so anything toward this direction is a plus!

The question is if it will gain some traction among users. What does the average TEK holder look like, what are they after (aside from trying to make a buck with staking)?

[clockuniverse]

Hi sirazimuth. I understand your concerns. The whole thing started out as an experiment. And when done I thought it worked too well just to let it lay on my hard drive doing nothing. Yes I could have picked any coin. I believe tek can make a comeback if given a chance. That's all I'm doing. If I was out to fraud or scam I'd have picked a coin with some value behind it. But of course I totally agree with you, im sure the first few people to put hard earned cash into bitcoin would have been sceptical.

I for one am glad to see an actual application for TEK. Many coins don't even have ANY use, so anything toward this direction is a plus!

The question is if it will gain some traction among users. What does the average TEK holder look like, what are they after (aside from trying to make a buck with staking)?

TEK is already traded on Cryptopia which has a market place for auctions so I don't really see the point of having a dedicated site for auctions.  https://www.cryptopia.co.nz/MarketPlace

The main thing that every coin needs is to have merchant services (a button on a website to purchase things with that coin.)

[coinhugger]

Hi sirazimuth. I understand your concerns. The whole thing started out as an experiment. And when done I thought it worked too well just to let it lay on my hard drive doing nothing. Yes I could have picked any coin. I believe tek can make a comeback if given a chance. That's all I'm doing. If I was out to fraud or scam I'd have picked a coin with some value behind it. But of course I totally agree with you, im sure the first few people to put hard earned cash into bitcoin would have been sceptical.

I for one am glad to see an actual application for TEK. Many coins don't even have ANY use, so anything toward this direction is a plus!

The question is if it will gain some traction among users. What does the average TEK holder look like, what are they after (aside from trying to make a buck with staking)?

TEK is already traded on Cryptopia which has a market place for auctions so I don't really see the point of having a dedicated site for auctions.  https://www.cryptopia.co.nz/MarketPlace

The main thing that every coin needs is to have merchant services (a button on a website to purchase things with that coin.)

Ok, I forgot about Cryptopia having a market place already. Maybe some paid games for TEK would be nice. There might be some gamblers among the TEK holders.

Agreed on the merchant services.

[bitmaster1x]

If people put 20% of the effort they use changing numbers in source code and releasing new version every month into actually finding tangible goods and services that can used with the coin they will have a stable price.

You can change all the magic numbers you want, but if the coin cant be used for anything but trading its simply a novelty that will wear thin as the new coin of the week is released.


Find a use for TEK, then the price will rise on its own, without needing to be pumped or babysitted.

Been saying this for a long time. Apparently, it seems to not compute.