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

[cazze]

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

quality! 

[armin22]

Very good article Armin

Thank you

Dont forget to tip

don't eat yellow snow.   
What's your TEK address?

Its at bottom of the article : BjMZ3y1SdpwfHyoqmUXGTpDCvStkdK55JW

[subSTRATA]

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

"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.

[armin22]

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

"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

[xhabit]

Joust for Fun one pool more!

http://ppl.port-x.de

happy mining

[subSTRATA]

@ armin22

No excuses, here comes your punishment! 

[armin22]

@ armin22

No excuses, here comes your punishment!  

No master please :,(

Changes applied andnarticle submitted, should be updated soon.

[FlungSpun]

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

"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

Yeah armin i mean jeeez what were you thinking that's why we have this little fella ~40%  

To be honest I think most people would read it as intended 40% +/- scan very differently to +/- 40%

I read it twice and didn't baulk at your numbers but the words "ridiculously high" did make me wince.

Ridiculous - Ludicrous - Absurd - Silly - Outlandish - Outrageous - Bizarre -Unreasonable

How about

Impressive - Inspiring - Striking - Remarkable - Notable - Extraordinary - Exciting

Instead?
Now I feel like than newspaper guy in House of Cards - strange territory as my language skills suck.

Nice article though - spreading the word.


Tar n feather is soo tempting, an interesting addition in the crypto world me thinks.

[RJF]

Tar n feather is soo tempting, an interesting addition in the crypto world me thinks.

New! Tar&Feather Coin (TFC) Pow (tarring) then PoS (feathering)  10% feather interest per month! Rail and angry crowd not included...  

[armin22]

TEKcoin SuperStake sha256 Pos/Pow

No premine.
No block halving.
No IPO.
No BS.

sha256 Proof of work/Proof of Stake

SuperStake eligible in 30+ days 40%+/-

Read the last line, if the article is wrong im wondering why nobody has noticed it in the ANN

[thundertoe]

changed it to say 40%+ its been holding steady enough i think its accurate for now.

[jdhatch]

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

[raskul]

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

I like it  if you don't like it, mine Bitcoin 

[jdhatch]

I like it  if you don't like it, mine Bitcoin  :p

Oh, don't be pissy pants.

I like the POS of TEK too. 
I just think we need to consider reality. 
The infinite supply was news to me.
The value TEK/BTC will have to at some point fall as the number of coins approaches the number of grain of sand on the earth.

Jason
Posted from Bitcointa.lk - #ERUOtdwaQVuiEdRP

[armin22]

I like it  if you don't like it, mine Bitcoin  :p

Oh, don't be pissy pants.

I like the POS of TEK too. 
I just think we need to consider reality. 
The infinite supply was news to me.
The value TEK/BTC will have to at some point fall as the number of coins approaches the number of grain of sand on the earth.

Jason
Posted from Bitcointa.lk - #ERUOtdwaQVuiEdRP

Ladies calm down.

[subSTRATA]

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?

When FED print more fiat they do not give it out to everybody who has fiat already. Just imagine, you get 100 USD and do nothing with them for a month and then FED
prints 40% more USD and give you 40 USD now that would be fun! Prices for everything go up by 40% but it's the same for you and everyone else since you all now have
40% more coins. Sure the value for each coin goes down over time but in total your purchasing power did not change. At what point it all breaks? Once there are more
sellers than buyers, as with everything else. So an idea that value of your TEK holdings will go down just because of 40% more coins per month is just silly.

[thundertoe]

Time will of course reveal all. We saw Cent happen, and crazy enough, people are still willing to  buy at 1 satoshi and try to sell at 2(omg we can double up), cent was paying 1000% every 10 days. I cant even fathom how many are minted by now.

To try and understand how TEK my develop market wise in the future, i can think of my TEK like a Asic, right now a small wallet(asic) can make roi in about 2-3 months if price doesn't go up, however the inflation from mintage is equivalent to increasing btc difficulty, in how it effects your future income generation. So we can look what people do for bitcoin, your income gets thin you get more mining power(more tek to stake). The situation mirrors mining hardware and bitcoin quiet well i think. So you need to keep pace and hold to compound or try to flip and buy and dips. Think of trying to maintain a steady % of total minted and how that is possible. The big concern i hear is inflation will kill off things in the future, i think that is why it is important to think about making a ROI on your TEK investment by selling off some steady early, get your money back out by selling off stake, after that everything else is profit  regardless where the price is.

[jdhatch]

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

Jason
Posted from Bitcointa.lk - #J8aTkop6S8yMWaFp

[thundertoe]

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   

[subSTRATA]

Time will of course reveal all. We saw Cent happen, and crazy enough, people are still willing to  buy at 1 satoshi and try to sell at 2(omg we can double up), cent was paying 1000% every 10 days. I cant even fathom how many are minted by now.

To try and understand how TEK my develop market wise in the future, i can think of my TEK like a Asic, right now a small wallet(asic) can make roi in about 2-3 months if price doesn't go up, however the inflation from mintage is equivalent to increasing btc difficulty, in how it effects your future income generation. So we can look what people do for bitcoin, your income gets thin you get more mining power(more tek to stake). The situation mirrors mining hardware and bitcoin quiet well i think. So you need to keep pace and hold to compound or try to flip and buy and dips. Think of trying to maintain a steady % of total minted and how that is possible. The big concern i hear is inflation will kill off things in the future, i think that is why it is important to think about making a ROI on your TEK investment by selling off some steady early, get your money back out by selling off stake, after that everything else is profit  regardless where the price is.

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.