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

[Dexter12]

TEK is performing well, there is no need in fixing anything. Great coin and community.

Nothing more to add! I totally agree with you.

Edit says you guys are right, a new improved wallet would be awesome!

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[solarion]

My point is - our coin is NOT what it used to be for all its life.. as we had well known figures in the formula when we plan our budgets.
Amount of coins, intrest rate, age... before this days everyone had chance to stake at 40% rate (0.0000x diff)
Now for the first time it looks like we are going to have the coin that is different from what is described at the Official Page.. its not High POS any more and that can drive people away from the coin!
We have to think NOT only about market conditions, but also the coin must perform the same way all the time so you can count on it (easy rules i.e. 40% at 30+ days) Now we have unknown Super Low Stake rate
If you want ~2% rate - go to hobonickles
If you want all your coin compressed to 100000hyp blocks to get 1000.. then go buy HYP
But this 40% is the main feature of the tekcoin and that what drives the demand... this mining is power efficient etc.
It is stupid to just cut the supply of the coin which main feature is something that can be promoted as the Virtual Mining contracts with constant outcome
peace

P|S why we must stay with something that novacoin has ? Perhaps// is this true that we have 95% diff rise because of ONE adress?
If this is the case, then it is bad for the coin? for all 95% of its users.. and we must take action if we see something wrong, so that we dont get into the same trabble in the future!

Really think you're making a mountain out of a mole hill here. The APY on TeK is STILL hovering right around 200%. My most recent HBN stakes have been right around 84% APY. This is happening while the price of these two excellent coins have been moving in opposite directions. To me that says leave TeK alone and buy HBN...it's undervalued, but that's just me.

There's nothing wrong with TeK, it's just evolving. It remains one of the highest yielding, oldest, well established hybrid coins out there. TeK is 87th in market cap, which is where free market forces have placed it. What would be served by overriding the inflation controls and tanking the value?

This! I'd like to see a bit of a facelift on the wallet from time to time, and that's really it. TEK works as it should, and almost always has. I think I may have been the last to understand NVCS, and I'm still not concerned

Totally! If TeK had PHS or HBN's sick wallets I'd consider swearing off other alts entirely. Wonder what kind of a bribe we'd need to get Palmdetroit or Tranz to take an interest.

[ryanb]

My point is - our coin is NOT what it used to be for all its life.. as we had well known figures in the formula when we plan our budgets.
Amount of coins, intrest rate, age... before this days everyone had chance to stake at 40% rate (0.0000x diff)
Now for the first time it looks like we are going to have the coin that is different from what is described at the Official Page.. its not High POS any more and that can drive people away from the coin!
We have to think NOT only about market conditions, but also the coin must perform the same way all the time so you can count on it (easy rules i.e. 40% at 30+ days) Now we have unknown Super Low Stake rate
If you want ~2% rate - go to hobonickles
If you want all your coin compressed to 100000hyp blocks to get 1000.. then go buy HYP
But this 40% is the main feature of the tekcoin and that what drives the demand... this mining is power efficient etc.
It is stupid to just cut the supply of the coin which main feature is something that can be promoted as the Virtual Mining contracts with constant outcome
peace

P|S why we must stay with something that novacoin has ? Perhaps// is this true that we have 95% diff rise because of ONE adress?
If this is the case, then it is bad for the coin? for all 95% of its users.. and we must take action if we see something wrong, so that we dont get into the same trabble in the future!

Really think you're making a mountain out of a mole hill here. The APY on TeK is STILL hovering right around 200%. My most recent HBN stakes have been right around 84% APY. This is happening while the price of these two excellent coins have been moving in opposite directions. To me that says leave TeK alone and buy HBN...it's undervalued, but that's just me.

There's nothing wrong with TeK, it's just evolving. It remains one of the highest yielding, oldest, well established hybrid coins out there. TeK is 87th in market cap, which is where free market forces have placed it. What would be served by overriding the inflation controls and tanking the value?

This! I'd like to see a bit of a facelift on the wallet from time to time, and that's really it. TEK works as it should, and almost always has. I think I may have been the last to understand NVCS, and I'm still not concerned

Totally! If TeK had PHS or HBN's sick wallets I'd consider swearing off other alts entirely. Wonder what kind of a bribe we'd need to get Palmdetroit or Tranz to take an interest.

or Presstab I like the themes

[gribgo]

My point is - our coin is NOT what it used to be for all its life.. as we had well known figures in the formula when we plan our budgets.
Amount of coins, intrest rate, age... before this days everyone had chance to stake at 40% rate (0.0000x diff)
Now for the first time it looks like we are going to have the coin that is different from what is described at the Official Page.. its not High POS any more and that can drive people away from the coin!
We have to think NOT only about market conditions, but also the coin must perform the same way all the time so you can count on it (easy rules i.e. 40% at 30+ days) Now we have unknown Super Low Stake rate
If you want ~2% rate - go to hobonickles
If you want all your coin compressed to 100000hyp blocks to get 1000.. then go buy HYP
But this 40% is the main feature of the tekcoin and that what drives the demand... this mining is power efficient etc.
It is stupid to just cut the supply of the coin which main feature is something that can be promoted as the Virtual Mining contracts with constant outcome
peace

P|S why we must stay with something that novacoin has ? Perhaps// is this true that we have 95% diff rise because of ONE adress?
If this is the case, then it is bad for the coin? for all 95% of its users.. and we must take action if we see something wrong, so that we dont get into the same trabble in the future!

Really think you're making a mountain out of a mole hill here. The APY on TeK is STILL hovering right around 200%. My most recent HBN stakes have been right around 84% APY. This is happening while the price of these two excellent coins have been moving in opposite directions. To me that says leave TeK alone and buy HBN...it's undervalued, but that's just me.

There's nothing wrong with TeK, it's just evolving. It remains one of the highest yielding, oldest, well established hybrid coins out there. TeK is 87th in market cap, which is where free market forces have placed it. What would be served by overriding the inflation controls and tanking the value?

This! I'd like to see a bit of a facelift on the wallet from time to time, and that's really it. TEK works as it should, and almost always has. I think I may have been the last to understand NVCS, and I'm still not concerned

Ok! Then I am ok too.. just need to switch to 24/7 open wallet and stake everyday rather then once a month... Now I will go and mine some tek at the pool

[vancefox]

I'll agree that a facelift of the wallet is in need...  And the addition of "unlock for PoS only"...  and as the diff rises so should the maximum auto combine function.

[Libertymind]

Also it is not good that bigger wallet can affect everyone.. then its richer are getting richer? but smaller holders get their TEK devaluated
we cant have the situation when some Exchange can manipulate the price of our coin just by locking\unlocking its wallet for POstake...
peace

That's life.  The rich always get richer.  It is unfortunate to have an exchange staking...

Well!! Our little crypto-coin experiment shows that all of this is wrong and can be fixed!

Raising compound APY back up to 7400% isn't going to increase equality amongst TekCoin holders. The rich will continue to get richer...probably even faster as the "poor" dump their rapidly growing interest payments and the rich continue to pile up more Tek. In the fiat world equity disparity is often the result of a corrupt monetary system and bribed government officials. That is not the issue with TekCoin. The rich are getting richer here because they got in earlier(IOW risked capital sooner) and/or held longer. Neither of which is a good reason to "punish the rich". These are the folks that have been protecting the TekCoin blockchain before many ever heard of TekCoin. They're not villians, they're early adopters.

Tek is on a nice steady incline in market cap, why mess with it? Don't be like goobermint mucking around trying to fix stuff. The inflation controls are doing what they were intended to do. Compound APY is still over 500%. Suggest you not fix what ain't broken.

As to the issue of Cryptsy staking coins(if they are) I am 100% opposed...but then I don't understand people that leave high interest POS coins on exchanges anyway. Makes no sense whatsoever. Keep your coins in your own wallet and it won't be an issue.

great post, definitely a risk of making things worse overall with any changes. We are coming up on 2 years old Tek birthday and things are going great for 2015 we must tread carefully.

I'm a late comer to this coin. I never felt like I was going to be taken advantage of by "the rich". If anything I was hoping they would be good enough to sell me some of their coin. I imaging that a lot of them were buying when tek cost upwards of 50 cents each. The newcomer have the advantage of getting it at 1 to 2 cents per coin. I have built up my wallet by having the patience of not spending all my stake every month. I would hate to think that my patience of not dumping my coin every chance I got would be punished by people just coming in. I think its fair that each of us pays our dues.

Besides I recently brought in my mother in law and my mother. I feel like they will do just fine with the my best earning coin as things stand.

[4x13]

whats everyone getting right now on their stake percentage?? I though I read its been getting closer to the 40% area again...

[Libertymind]

whats everyone getting right now on their stake percentage?? I though I read its been getting closer to the 40% area again...

I got 16% today.
Laughing all the way to the bank.

[presstab]

whats everyone getting right now on their stake percentage?? I though I read its been getting closer to the 40% area again...

Last stake at time of post was 172% rate.

[4x13]

Wow, Diff level is getting up there..

[gribgo]

I'll agree that a facelift of the wallet is in need...  And the addition of "unlock for PoS only"...  and as the diff rises so should the maximum auto combine function.

It would be cool to add "auto-pilot" feature in the new wallet, which will take care of blocks in the wallet by default.
This way we can format all blocks in max or bigger blocks and that will lower the diff..
OK! Lets not change anything in the protocol, but we can optimize the size of staking blocks...And that would be TEKnically formating blocks in the way we can think and talk about.
As I know bigger blocks in users wallets is the answer to difficulty problem.. we can do it with the incoming update.
I think it will work like this - The wallet generates new adress and sends all funds there... hehe
... I think Tranz is wallet-master-jedai we could summon him for this or what you people think?
we can lower the diff with this move for everyones profit//peace

[dickwhite]

I'll agree that a facelift of the wallet is in need...  And the addition of "unlock for PoS only"...  and as the diff rises so should the maximum auto combine function.

Let me add to the chorus. I'd like a cool HTML5 wallet like shadowcash.

[Ztraven]

whats everyone getting right now on their stake percentage?? I though I read its been getting closer to the 40% area again...

I got 16% today.
Laughing all the way to the bank.

A few moments ago, I received an approximate 11% return on my stake. I'm reasonably happy with that. The difficulty was around 0.00338.

Has anyone recently experienced lower difficulties in the 0.00006 to 0.003 range? Or are they now a thing of the past?

[Ztraven]

Another stake just came in at 16% at a difficulty of approx. 0.00328. Are there any explorers that map difficulty on an hourly/daily basis?

[thundertoe]

Another stake just came in at 16% at a difficulty of approx. 0.00328. Are there any explorers that map difficulty on an hourly/daily basis?

PressTab made a really nice one here http://www.presstab.pw/phpexplorer/TEK/index.php

[aSmallChild666]

whats everyone getting right now on their stake percentage?? I though I read its been getting closer to the 40% area again...

I don't know; I'm on day 51 and holding my 2 blocks.  I used to have my blocks spread out but difficulty was high awhile ago so they bunched up while I held out for 40%.  When I unlock my wallet to stake, I wait about half an hour and then combine the blocks back into 2

[gribgo]

Hi! Thundertoe! If it is possible... can you put "Potential Stake" that will show - how much you will get if you unlock the wallet right now (in the new version of wallet)
Thank you

[Azkhabar]

Hi! Thundertoe! If it is possible... can you put "Potential Stake" that will show - how much you will get if you unlock the wallet right now (in the new version of wallet)
Thank you

You can check the estimated staking % on the chart in the OP All you need is the current difficulty.
For example, right now the difficulty is 0.0032 so you should receive about 13-14% from your stake.

[Ztraven]

Another stake just came in at 16% at a difficulty of approx. 0.00328. Are there any explorers that map difficulty on an hourly/daily basis?

PressTab made a really nice one here http://www.presstab.pw/phpexplorer/TEK/index.php

Thanks. Today's explorer charts show that sub-0.003 POS difficulties are still possible.

[thundertoe]

Another stake just came in at 16% at a difficulty of approx. 0.00328. Are there any explorers that map difficulty on an hourly/daily basis?

PressTab made a really nice one here http://www.presstab.pw/phpexplorer/TEK/index.php

Thanks. Today's explorer charts show that sub-0.003 POS difficulties are still possible.

Still seeing a downtrend in pos diff right now, it went below .002 earlier.