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

[presstab]

I was correct, the problem is now fixed. Please do beware that the "unlock wallet" will not permanently decrypt the wallet, it will only unlock the wallet during that particular session. So you would need to unlock wallet each time you start up the client. I can investigate changing this in the future, but I am guessing it is complicated.

I updated the latest release (v1.0.1) to have the corrected build. Give it a try and let me know what you think.  Find the link in my signature.

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[mighty jol]

nice, didn't realise it wasn't working properly (i am still unlocking into the wallet console )
i have a question about inflation tought: could anyone explain to me how the pos rate plays a role into it (i read more and more people saying that the hight the pos rate the higher the inflation is but i don't really understand what it means)

[presstab]

nice, didn't realise it wasn't working properly (i am still unlocking into the wallet console )
i have a question about inflation tought: could anyone explain to me how the pos rate plays a role into it (i read more and more people saying that the hight the pos rate the higher the inflation is but i don't really understand what it means)

Well you have to think about it this way. Inflation would be the value of the coin decreasing over time.  Right now the value of the coin has been increasing over time, so no inflation is occurring.

Although the stake rate is aggressive, the PoW rewards are not aggressive. Only 525k coins will be added from PoW every year. Compare this to a coin like dogecoin that adds millions of coins a year. Also keep in mind that most of the tekcoins are not being staked.

So some might worry about high inflation, but so far tekcoin has had nice deflation.  Also keep in mind that if all the holders of tek start staking, that as PoS difficulty goes up, the PoS rate will go down. It is coded that if the PoS difficulty jumps up enough that the PoS rate could get as low as 1%.  So there are safeguards against huge inflation.  But as always, make your own analysis and decide what is best for you.

[thundertoe]

Whatever bounties are out there, you can give mine to Presstab.

Done.

 Sent out  5.2k in bounties, thank you to everyone.   More news coming soon  

[presstab]

Whatever bounties are out there, you can give mine to Presstab.

Done.

 Sent out  5.2k in bounties, thank you to everyone.   More news coming soon  

Can't wait for my first stakes to come through! Thanks again Thundertoe you have maintained a really fun coin.

[presstab]

Think I found the original source code from the cryptocointalk thread.

https://docs.google.com/file/d/0B0M-bp2HC0eYMWtrNVAtVG02dmc/edit?usp=sharing

[unick]

Hey guys, I've been hearing about TEK for a few weeks.

Didn't have time to dig into this but just bought my first 200 coins from cryptsy, from loose BTC I had !

Don't even have a wallet yet.

I love the logo BTW

[Tranz]

Think I found the original source code from the cryptocointalk thread.

https://docs.google.com/file/d/0B0M-bp2HC0eYMWtrNVAtVG02dmc/edit?usp=sharing

I did try that one, same deal.

Wherever the source is for this one from the original thread, that is what we need.

Install this first to synch up

FUNKY hard to read with colors
Windows: https://docs.google.com/file/d/0B0M-bp2HC0eYYWprYXNYNl90aEE/edit

[presstab]

Think I found the original source code from the cryptocointalk thread.

https://docs.google.com/file/d/0B0M-bp2HC0eYMWtrNVAtVG02dmc/edit?usp=sharing

I did try that one, same deal.

Wherever the source is for this one from the original thread, that is what we need.

Install this first to synch up

FUNKY hard to read with colors
Windows: https://docs.google.com/file/d/0B0M-bp2HC0eYYWprYXNYNl90aEE/edit

I am guessing that is the original source and the funky with colors was where it forked?

[ECF]

Website | Twitter  | Bitcointalk

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Pls post your twitter link and Ecoinfund ID on  https://bitcointalk.org/index.php?topic=501030.0 ,you will get 20 ECFC!

Happy trading !

[DKdance]

Hi, can smn help me to set up the wallet, no way to sync

[presstab]

Hi, can smn help me to set up the wallet, no way to sync

You need to download the blockchain from this source https://drive.google.com/file/d/0B0M-bp2HC0eYdXlqc0RQWkFFRnc/edit?usp=sharing

Copy the files into your appdata directory - if you are unfamiliar with the process then check this link http://wiki.hobonickels.info/index.php?title=Replace_Blockchain

[DKdance]

Thank you !! new miner is coming

[presstab]

New wallet version coming soon.

v1.1 adds fixed icons, qt5 compatibility, and I also had my graphic designer friend work on completely redesigning all of the wallet buttons.  Should be a nice facelift for the wallet.

[Makitaki]

New wallet version coming soon.

v1.1 adds fixed icons, qt5 compatibility, and I also had my graphic designer friend work on completely redesigning all of the wallet buttons.  Should be a nice facelift for the wallet.

Then next time please think about the HBN buttons, too. I think, the HBN wallet design is the only thing that's not perfect in it.

[presstab]

New wallet version coming soon.

v1.1 adds fixed icons, qt5 compatibility, and I also had my graphic designer friend work on completely redesigning all of the wallet buttons.  Should be a nice facelift for the wallet.

Then next time please think about the HBN buttons, too. I think, the HBN wallet design is the only thing that's not perfect in it.

Which buttons?? The multi-wallet window?

[David Latapie]

I read about TEKcoin thanks to tokyoghetto on his famous HBN investment journal. I see that TEKcoin has a 480% interest rate per year, that's truly impressive for fire-and-forget people like me (I am not good at day-trading, that's for sure).

Four questions:
- Is there any coin with a higher interest rate than this one?
- Why this coin was created? To get the highest interest rate or there is more to it? I suppose the goal is to discourage any attempt at selling, even at high prices (or only the result of your stake) and I guess there is a coin-control wallet, right?
- Why a shacoin? Sha is much more energy-hungry that scrypt If tek was created now, I would use X11 for the purpose of energy efficiency (or CryptoNight if CPU draws less energy than GPU, which I don't know). Maybe the least energy-intensive would be an scrypt-ASIC (scrypt has a lower energy footprint than SHA and ASIC are more efficient than anything else)
- Where is the source for the wallet? Where is the Linux wallet?

Thank you.

[presstab]

I read about TEKcoin thanks to tokyoghetto on his famous HBN investment journal. I see that TEKcoin has a 480% interest rate per year, that's truly impressive for fire-and-forget people like me (I am not good at day-trading, that's for sure).

Four questions:
- Is there any coin with a higher interest rate than this one?
- Why this coin was created? To get the highest interest rate or there is more to it? I suppose the goal is to discourage any attempt at selling, even at high prices (or only the result of your stake) and I guess there is a coin-control wallet, right?
- Why a shacoin? Sha is much more energy-hungry that scrypt If tek was created now, I would use X11 for the purpose of energy efficiency (or CryptoNight if CPU draws less energy than GPU, which I don't know). Maybe the least energy-intensive would be an scrypt-ASIC (scrypt has a lower energy footprint than SHA and ASIC are more efficient than anything else)
- Where is the source for the wallet? Where is the Linux wallet?

Thank you.

The goal for me is to keep compounding coins and own a large share of the coin.  Others might be more into day trading etc, but do what you like best.

I am not sure if sha256 is the most efficient, but it is widely used which adds a bit more security to the blockchain.

You can find the official source code on the repo https://github.com/maxxine/TEK
I have added a few features to the wallet and it can be found at this repo https://github.com/presstab/TEK

The linux and windows wallets are compiled from the same source code.

[ryanb]

if we can have a mac wallet

[David Latapie]

Thank presstab (I read you at the beginning on the HBN investment thread, before I got to too tired to read anyone else than tokyoghetto)

I am not sure if sha256 is the most efficient, but it is widely used which adds a bit more security to the blockchain.

I thought scrypt was more common, even in late 2013. Plus, the way I understand it, what matters is what people are mining at. ASIC mining BTC are no use for securing the TEK blockchain, right? Especially if TEKcoin is not merged-mined.

You can find the official source code on the repo https://github.com/maxxine/TEK
I have added a few features to the wallet and it can be found at this repo https://github.com/presstab/TEK

Great, I will download from your source, then. Do you have a changelog (compared to the official wallet)?

Since you did not answer to question 1 (coin with a higher interest rate than TEK), I guess TEKcoin is the highest interest here. I like the fact that its price doesn't change a lot (well, the linear scaling on cryptsy doesn't make it easy to check, especially with no zoom function). For me, this means the "high-stake to prevent price manipulation" way works well.

One extra question: how would you compare TEK to HBN? What does HBN has that TEK doesn't? Higher price fluctuation, making it easier to buy low?

Thanks

EDIT: why is there so few activity on this thread and for so long? It doesn't inspire me confidence.