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

[noise23]

For the sake of getting rid of small blocks, would it be possible to add a combine threshold / split threshold option (i.e. like what has been done with the CAP wallet)? This could be really helpful to control the splitting of blocks after staking, and avoid at the same time a difficulty rise...

Split threshold is already there, combine threshold will not solve the problem in case if someone doing that deliberately - can always set low threshold and keep flooding the network with small blocks.

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[vancefox]

A hardfork to fix this pos diff manipulation will penalize microstakers you have been warned.

While this may be the case if done wrong, it would be mitigated by the CON code that has the smaller blocks compete together...

i.e.

1,000 TEK broken up into 1 TEK blocks would compete together and stake as a single 1,000 coin block and then spit out 2 blocks at 500+ 1/2 stake times two.  This would remove quite a lot of small blocks.

This is just my opinion.  I have 100k+ coins and will continue to for the foreseeable future so take my opinion as you see fit.

[VentureC]

For the sake of getting rid of small blocks, would it be possible to add a combine threshold / split threshold option (i.e. like what has been done with the CAP wallet)? This could be really helpful to control the splitting of blocks after staking, and avoid at the same time a difficulty rise...

Split threshold is already there, combine threshold will not solve the problem in case if someone doing that deliberately - can always set low threshold and keep flooding the network with small blocks.

Could someone please explain how I can apply the split threshold in the TEK wallet? I would like to make sure that none of my blocks split, but that they just keep growing. Thanks.

[skunk]

For the sake of getting rid of small blocks, would it be possible to add a combine threshold / split threshold option (i.e. like what has been done with the CAP wallet)? This could be really helpful to control the splitting of blocks after staking, and avoid at the same time a difficulty rise...

Split threshold is already there, combine threshold will not solve the problem in case if someone doing that deliberately - can always set low threshold and keep flooding the network with small blocks.

Could someone please explain how I can apply the split threshold in the TEK wallet? I would like to make sure that none of my blocks split, but that they just keep growing. Thanks.

add "splitthreshold=15000" to tekcoin.conf
15000 is the maximum

[gribgo]

hi tekheads
Is there any ideas of when we shall wait for hard fork? cant wait really
peace

[VentureC]

hi tekheads
Is there any ideas of when we shall wait for hard fork? cant wait really
peace

I can't wait for the hard fork to happen either. It would improve staking so much. TEK is one of the strongest POS coins with a lot of staying power and the hard fork will strengthen its position even more. Kudos to Thundertoe for his work on TEK.

[AforAmethyst]

Diff is up again. I guess certain users think they can get an advantage by forcing it up on purpose. A user named Bitmaster1(cryptsy) or Chantha(google hangouts) is been reported to me as trying to game the Tek system in this way. Force diff up all month until he wants to stake his large wallets. He attempted this same thing with Hyperstake possibly effecting that diff as well.

Cryptsy again! Cryptsy's Mullick didn't refute Thundertoe's allegation in a later post, but tried to laugh it off. Very funny. Not!    Other altcoins have long suspected Cryptsy of raking off POS payments from coins deposited on the Cryptsy exchange along with price manipulation. Cryptsy flood the market with the POS coins they have creamed off, pushing the price down, again punishing ordinary investors. The moral of the story is don't keep TEK on Cryptsy for longer than 30 days, although it might be a little too late for that.

Cryptsy are not the company they once were. Have you noticed how Cryptsy is not being upfront about its new transaction fees? I'm not surprised that Cryptsy is being investigated by the authorities. If Cryptsy are to blame for the increased POS difficulty for ordinary investors, let's fight fire with fire. How about contacting all POS coins with a crash Cryptsy campaign - and tell the other exchanges what we are doing?

[thundertoe]

Cryptsy isnt staking or microstaking, some users are. Plus coinfire is a joke.

[Biomech]

Cryptsy isnt staking or microstaking, some users are. Plus coinfire is a joke.

I totally disagree about coinfire. Biased, dishonest, idiotic and frequently painful, but not a joke. Jokes are funny.

[VentureC]

Cryptsy isnt staking or microstaking, some users are. Plus coinfire is a joke.

I totally disagree about coinfire. Biased, dishonest, idiotic and frequently painful, but not a joke. Jokes are funny.

@Biomech, your remark was funny though, LOL      Funny AND true!

[vancefox]

Coinfire gets to hang their hat on the GAW fiasco as of now so their reporting gets a little bit of blind faith.  With that said, Cryptsy is not exactly the best exchange... far from it... but it is one of the largest and, for most alt coins, the only way to either buy in or sell out of your position besides user<->user.

As far as the whole difficulty thing goes...

• you want a lot of smaller blocks (25-) for the security of the block chain which decreases the PoS rate...
• you want as few blocks as possible (1000+) for the lowest difficulty which increases the PoS rate but decreases overall security of the blockchain...

Pick your poison.

This is my opinion.

[thefix]

Under 1000 is not fair.

I've been getting into tekcoin recently and the most i can buy every day is around 500 TEK per 24hours, which is currently how much I'm investing.

Losing all my coinage (and maybe the reward?) for daily buying of tekcoin would penalize new people like me. And because I have to wait 30 days to starting minting, I'd rather not hold my tekcoin at crypsty an extra day or two just to meet the minimum stake block size.

I was under the impression that blocks combined when staking if age was 30 days or more too like netcoin since this coin seems to incentivize that.

I like hte idea of having all staking blocks combine into a single block when one of those smaller blocks stakes. I think some other pos coins do that. Again netcoin does that and it was nice and tidy.

And you can remove splitstake threshold. I don't see the point of that anyway since you want your entire eligible balance to stake, right?

I agree with you, and I think the fair way to do it would be giving people a 30+ day notice to make sure they combine stacks to 1000+ once they stake.

I hope we hear from more users with smaller amounts because I think its important to include everyone that is part of the community.

[crazyivan]

Also, only total noobs keep their coins on exchanges for a prolonged period of time. Losing maturity in order to wait for the right price when dealing with high PoS coins is simply stupid.

[Azkhabar]

Also I'm looking at the console, i don't see anywhere to combine blocks.

To combine your blocks you need first to activate 'Display coin control features (experts only)' in your wallet Settings ('Display' tab).
Then you click on 'Send coins' and on 'Coin Control'. Here you'll find all your blocks. Select the ones you want to combine, click OK to close the window, copy-paste the total amount after fee and use one of your addresses to send the coins.
Done

[gribgo]

To combine your blocks you need first to activate 'Display coin control features (experts only)' in your wallet Settings ('Display' tab).
Then you click on 'Send coins' and on 'Coin Control'. Here you'll find all your blocks. Select the ones you want to combine, click OK to close the window, copy-paste the total amount after fee and use one of your addresses to send the coins.
Done

ah ok thanks. I'm still syncing (it's taking forever) but do i lose coinage if i combine blocks?

here is great tuttorial (its about HBN coin and wallet, but all is 100% correspond to Tek)

http://wiki.hobonickels.info/index.php?title=Coin_Control

Small info.. but will get you much better profits!
peace

[Woody20285]

Thanks, tried looking for a tek wiki.

Seems like i do lose coinage at combine so that kinda stinks, ah well.

The best time to combine is right after staking. However, if your blocks are so small that it does not lookl
like they will stake in a reasonable time frame, then, you may need to bite the bullet and combine.

[kennyP]

For the sake of getting rid of small blocks, would it be possible to add a combine threshold / split threshold option (i.e. like what has been done with the CAP wallet)? This could be really helpful to control the splitting of blocks after staking, and avoid at the same time a difficulty rise...

Split threshold is already there, combine threshold will not solve the problem in case if someone doing that deliberately - can always set low threshold and keep flooding the network with small blocks.

Could someone please explain how I can apply the split threshold in the TEK wallet? I would like to make sure that none of my blocks split, but that they just keep growing. Thanks.

add "splitthreshold=15000" to tekcoin.conf
15000 is the maximum

does that work with HOBO too?

[Hilux74]

For the sake of getting rid of small blocks, would it be possible to add a combine threshold / split threshold option (i.e. like what has been done with the CAP wallet)? This could be really helpful to control the splitting of blocks after staking, and avoid at the same time a difficulty rise...

Split threshold is already there, combine threshold will not solve the problem in case if someone doing that deliberately - can always set low threshold and keep flooding the network with small blocks.

Could someone please explain how I can apply the split threshold in the TEK wallet? I would like to make sure that none of my blocks split, but that they just keep growing. Thanks.

add "splitthreshold=15000" to tekcoin.conf
15000 is the maximum

does that work with HOBO too?

Pretty sure the max setable splittheshold in HBN is in the neighborhood of 250, it's nowhere near 15000.

[Biomech]

I would propose a tiered approach to the max, instead of totally denying small blocks. This is off the top of my head, not well thought out, but something like this: 1000, max stake, 900 -10%, 800 -20%, 700 -30%, 600 -40%, 500 -50%, 400 -60%, 300 -70%,
200 or less, no stake.

This gives an incentive to the large holders to not game the system, and to the small holders to combine blocks as they stake.

As another possibility, put that in, but also make something that polls wallet.dat and if the whole balance is less than 200, let it stake at full power. That could be gamed, but it would take a lot of resources (multiple data directories, etc) and likely be unprofitable.

Whaddya think?

[Woody20285]

I would propose a tiered approach to the max, instead of totally denying small blocks. This is off the top of my head, not well thought out, but something like this: 1000, max stake, 900 -10%, 800 -20%, 700 -30%, 600 -40%, 500 -50%, 400 -60%, 300 -70%,
200 or less, no stake.

This gives an incentive to the large holders to not game the system, and to the small holders to combine blocks as they stake.

As another possibility, put that in, but also make something that polls wallet.dat and if the whole balance is less than 200, let it stake at full power. That could be gamed, but it would take a lot of resources (multiple data directories, etc) and likely be unprofitable.

Whaddya think?

Very interesting thinking. I like it.
Encourages people to buy to get 100%
stake but, does not punish small holders.

Would the max block size for max. reward be 1,000 coins? Or, would that remain the same?
If 1,000 coins, there would be lots more blocks. I average 8-10,000 per block