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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 429697 times)
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raskul
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June 25, 2014, 05:46:07 PM
 #941

In the last month TEKcoin price is up 100% and it also staked 40% interest for the people who held for that time. Too much win!

great trading day on volume and new marketcap high hit $ 654,827   $ 0.515272   1,270,837 TEK   



also, what we are seeing currently is a steady upwards trend, not the sharp spike similar to last christmas - and I can only presume that the fall before christmas was indeed due to holders wishing to make sure they could afford the festive season. The price will go up, and it will go down as with any trading stock and those who are strong to hold for the profit in the stake, are the ones who will, in the end gain steady profit from TEK.

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June 25, 2014, 05:49:27 PM
 #942

If price stays the same, by mere holding for 2 months and then selling 50% coins one gets initial investment back and still keeps 50% coins. Sell all coins equalls doubling the
investment. If price goes down by 50% then it is still ROI once all coins are sold. For how long will price remain the same (or go up) it is hard to tell but nonetheless it is all a
nice "buy and hold" experiment. The most interesting part for me is what troubled me for last few months - how much TEK I should sell after staking? The more I sell the more
BTC I get at the point but less coins are left for next staking. As shown on previous page, a mere 1 TEK held over 1 year results in 56+ TEK so selling just 100 TEK more now
means 5,600+ TEK less in 1 year.

But by the same token, if you hoard and then dump them, the overall price is going to drop accordingly, reducing the value of the investment you have left... As has been mentioned earlier in the thread, wouldn't it make more sense to trickle feed what you don't want to keep, to keep the price (and, I guess, the market) healthy?
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June 25, 2014, 06:33:27 PM
 #943

If price stays the same, by mere holding for 2 months and then selling 50% coins one gets initial investment back and still keeps 50% coins. Sell all coins equalls doubling the
investment. If price goes down by 50% then it is still ROI once all coins are sold. For how long will price remain the same (or go up) it is hard to tell but nonetheless it is all a
nice "buy and hold" experiment. The most interesting part for me is what troubled me for last few months - how much TEK I should sell after staking? The more I sell the more
BTC I get at the point but less coins are left for next staking. As shown on previous page, a mere 1 TEK held over 1 year results in 56+ TEK so selling just 100 TEK more now
means 5,600+ TEK less in 1 year.

But by the same token, if you hoard and then dump them, the overall price is going to drop accordingly, reducing the value of the investment you have left... As has been mentioned earlier in the thread, wouldn't it make more sense to trickle feed what you don't want to keep, to keep the price (and, I guess, the market) healthy?

What will happen with the price is up to buy orders. If I want to sell 10,000 TEK and someone is buying even more TEK at highest buy price then I won't affect price at all.
Also, with low liquidity markets like TEK dark pool deals are prefered over public sale for high volume trades. Since at any point there can be a person who wants to buy-in
for a lot of BTC and some other person who wants to cash-out for a lot of BTC it is usualy in interest of both parties to complete the trade out of exchange else either one
party would lose a lot by mere dumping or other party would pay too much by mere buying. So for as long as there is someone who wanna buy my TEK at current prices via
dark pool it is all fine.

In my case, selling a little over time proved as bad deal because not only I have much less TEK now but TEK price went up over 1000% since I started selling part of stake.
I have already returned initial investment, though.

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June 25, 2014, 06:53:06 PM
 #944

wow warning lol TEK going up.. 1k more in buys will put the price over .001
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June 25, 2014, 07:08:22 PM
 #945

Article has been complete and fixed Wink


http://www.cryptoarticles.com/crypto-news/could-tekcoin-be-the-end-of-pointless-stake-percentages



Make sure you donate at : BjMZ3y1SdpwfHyoqmUXGTpDCvStkdK55JW

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June 25, 2014, 07:23:04 PM
 #946


"1 coin staked for 1 year would compound to 5'500 coins by the end of the year"

1.00000000 + 40% = 1.40000000
1.40000000 + 40% = 1.96000000
1.96000000 + 40% = 2.74400000
2.74400000 + 40% = 3.81460000
3.81460000 + 40% = 5.37824000
5.37824000 + 40% = 7.52953600
7.52953600 + 40% = 10.54135040
10.54135040 + 40% = 14.75789056
14.75789056 + 40% = 20.66104678
20.66104678 + 40% = 28.92546549
28.92546549 + 40% = 40.49565169
40.49565169 + 40% = 56.69391237

"SuperStake eligible in 30+ days 40%+/-"

Stop using +/- it implies one can actualy lose 40% coins, use wording like "around 40%" so "SuperStake eligible in 30+ days is around 40%"

"100 million coins overall"

Not true, it was said few times by now 100M (it is actualy 99,999,999.99999999) is limit per one transaction.

Calm down, article was sent off before we were noted about these. Ill get to changing them. Also the super stake quote was obtained from the OP. I will get to correcting them

Wasn't it you that brought it up in chat in the first place?

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June 25, 2014, 07:28:04 PM
 #947

I will hope everyone proves me to be wrong to be concerned.

Jason
Posted from Bitcointa.lk - #J8aTkop6S8yMWaFp

I share your concerns, but I also see Thundertoe's "if it ain't broke, don't fix it" attitude. My thought is, leave it be for a year or two and watch, meanwhile, we discuss the situation and if it does become a problem, it can be adjusted.

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June 25, 2014, 07:30:40 PM
 #948

Wasn't it you that brought it up in chat in the first place?


Sorry i dont understand what you mean, i had sent the article to the websites owner already and after that we were informed that the coin supply was infinite.

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June 25, 2014, 07:57:47 PM
 #949

Wasn't it you that brought it up in chat in the first place?


Sorry i dont understand what you mean, i had sent the article to the websites owner already and after that we were informed that the coin supply was infinite.

Sorry, Before Coffee posting Cheesy

You were calculating the time till the max coins was reached, which triggered Thundertoe's looking into the code Tongue


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June 25, 2014, 08:03:20 PM
 #950

I wish it was somewhere other than cryptsy only..I want to buy but cannot because I can't get into my old cryptsy account and also I can't create another one on the same i.p zzzzzzzzzzz Cry I have 199 that I got in wallet but wanted to buy few more. Are there any projects on making TEK coin a  spendable coin as well for merchants etc? Smiley

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TMlucyd
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June 25, 2014, 08:22:31 PM
 #951

I wish it was somewhere other than cryptsy only..I want to buy but cannot because I can't get into my old cryptsy account and also I can't create another one on the same i.p zzzzzzzzzzz Cry I have 199 that I got in wallet but wanted to buy few more. Are there any projects on making TEK coin a  spendable coin as well for merchants etc? Smiley

www.allcoin.com
vote
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June 25, 2014, 08:35:17 PM
 #952

I wish it was somewhere other than cryptsy only..I want to buy but cannot because I can't get into my old cryptsy account and also I can't create another one on the same i.p zzzzzzzzzzz Cry I have 199 that I got in wallet but wanted to buy few more. Are there any projects on making TEK coin a  spendable coin as well for merchants etc? Smiley

www.allcoin.com/vote/#TEK

i think it's time to get on MintPal.
I'm sure we have a large enough community to vote TEK up the queue.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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June 25, 2014, 08:37:32 PM
 #953

wow warning lol TEK going up.. 1k more in buys will put the price over .001

Price is going crazy, but you don't see huge sell orders and that is really impressiv. Nobody wants to sell, because allmost every TekHolder doesnt want to lose the next Stake.  Cool TekHolders love their monthly TekSteak Cheesy

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June 25, 2014, 09:25:44 PM
 #954

I have to be concerned about devaluation of TEK and inflation with massive increases in supply from POS. 

Kind of like the Federal Reserve printing $ from nowhere.

I was looking at 100 million cap to be effective in getting the TEK into the hands of miners and stakers and at that point the currency would have to be reallocated through trading.

Looking at how the interest rapidly produces additional coins, in 60 months there could possibly be around 1,000,000,000,000,000 coins. (assuming my math is close)

Thoughts?

Jason
Posted from Bitcointa.lk - #3EvCcPqPZOzY2ljn

Here's my thoughts:
Mining is expensive and technically challenging. Staking on the other hand is a viable alternative for those not so endowed. And it doesn't get any better than TEK. So for every person that wants to get on the TEK gravy train, a significant quantity of coins must be purchased and held for relatively long periods of time. This alone creates huge demand reflected in the price increases of late. And this is only on one major exchange. I believe the POS inflation is being and will continue to be absorbed by holders and new buyers. The POS difficulty will inevitably rise and curb inflation at some point. I hope we're all rich by then. Cheesy TEK, as it is, is a well designed coin that I believe will stand the test of time.
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June 25, 2014, 09:25:50 PM
 #955

Article has been complete and fixed Wink

http://www.cryptoarticles.com/crypto-news/could-tekcoin-be-the-end-of-pointless-stake-percentages

Make sure you donate at : BjMZ3y1SdpwfHyoqmUXGTpDCvStkdK55JW

TEK changes the way donations work. I can envision a situation where some homeless guy is asking for money to buy food or drink and TEK user responding "Not now!"

I'll send you some TEK - in few days.  Grin

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June 25, 2014, 09:32:21 PM
 #956

Article has been complete and fixed Wink

http://www.cryptoarticles.com/crypto-news/could-tekcoin-be-the-end-of-pointless-stake-percentages

Make sure you donate at : BjMZ3y1SdpwfHyoqmUXGTpDCvStkdK55JW

TEK changes the way donations work. I can envision a situation where some homeless guy is asking for money to buy food or drink and TEK user responding "Not now!"

I'll send you some TEK - in few days.  Grin

At the moment i want to thank the kind gentleman who donated 1 tek to me, now i may but quarter of a loaf of bread to feed my family :,)

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June 25, 2014, 09:34:23 PM
 #957

Article has been complete and fixed Wink

http://www.cryptoarticles.com/crypto-news/could-tekcoin-be-the-end-of-pointless-stake-percentages

Make sure you donate at : BjMZ3y1SdpwfHyoqmUXGTpDCvStkdK55JW

TEK changes the way donations work. I can envision a situation where some homeless guy is asking for money to buy food or drink and TEK user responding "Not now!"

I'll send you some TEK - in few days.  Grin

At the moment i want to thank the kind gentleman who donated 1 tek to me, now i may but quarter of a loaf of bread to feed my family :,)

gimme 30 days, i'm sure i'll revisit the thread to be reminded of your need  Smiley

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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June 25, 2014, 09:36:41 PM
 #958

Article has been complete and fixed Wink

http://www.cryptoarticles.com/crypto-news/could-tekcoin-be-the-end-of-pointless-stake-percentages

Make sure you donate at : BjMZ3y1SdpwfHyoqmUXGTpDCvStkdK55JW

TEK changes the way donations work. I can envision a situation where some homeless guy is asking for money to buy food or drink and TEK user responding "Not now!"

I'll send you some TEK - in few days.  Grin

At the moment i want to thank the kind gentleman who donated 1 tek to me, now i may but quarter of a loaf of bread to feed my family :,)

It was me actualy, I got it at Cryptsy but it is only 1.2+ TEK since no one wanna dump much and I don't feel like pumping the price even more, price is up a lot today already!

"I'll send you some TEK - in few days" is not canceled.

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June 25, 2014, 09:38:28 PM
 #959

Article has been complete and fixed Wink

http://www.cryptoarticles.com/crypto-news/could-tekcoin-be-the-end-of-pointless-stake-percentages

Make sure you donate at : BjMZ3y1SdpwfHyoqmUXGTpDCvStkdK55JW

TEK changes the way donations work. I can envision a situation where some homeless guy is asking for money to buy food or drink and TEK user responding "Not now!"

I'll send you some TEK - in few days.  Grin

At the moment i want to thank the kind gentleman who donated 1 tek to me, now i may but quarter of a loaf of bread to feed my family :,)

It was me actualy, I got it at Cryptsy but it is only 1.2+ TEK since no one wanna dump much and I don't feel like pumping the price even more, price is up a lot today already!

"I'll send you some TEK - in few days" is not canceled.


Thanks Smiley

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June 25, 2014, 10:48:15 PM
 #960

Article has been complete and fixed Wink

http://www.cryptoarticles.com/crypto-news/could-tekcoin-be-the-end-of-pointless-stake-percentages

Make sure you donate at : BjMZ3y1SdpwfHyoqmUXGTpDCvStkdK55JW

TEK changes the way donations work. I can envision a situation where some homeless guy is asking for money to buy food or drink and TEK user responding "Not now!"

I'll send you some TEK - in few days.  Grin

At the moment i want to thank the kind gentleman who donated 1 tek to me, now i may but quarter of a loaf of bread to feed my family :,)

It was me actualy, I got it at Cryptsy but it is only 1.2+ TEK since no one wanna dump much and I don't feel like pumping the price even more, price is up a lot today already!

"I'll send you some TEK - in few days" is not canceled.


Thanks Smiley

Nice to see you here Armin, when I receive my first little stake next month I will send you a couple too to save..I sent little bit btc to a friend today to buy me some more..I need to stock up and let it sit. Smiley Any chance of it going to another exchange expect cryptsy?

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