[ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving

[chris20131111]

How does this POS work?
Do you need to keep your coins @ your own wallet for period of time?
What if you keep your coins @ cryptsy og mintpal?

Keep your coins in your own wallet and wait 30 days for POS. I guess if people keep their coins on exchanges it just POS in the exchanges wallet.

[1714836612]

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[thekidcoin]

How does this POS work?
Do you need to keep your coins @ your own wallet for period of time?
What if you keep your coins @ cryptsy og mintpal?

Keep your coins in your own wallet and wait 30 days for POS. I guess if people keep their coins on exchanges it just POS in the exchanges wallet.

nah they don't keep those wallets live...  its just a keypair...

[thekidcoin]

Whats up with the multipool? I only got 261 coins for 24 hours of mining yesterday with 2.1 m hash. I can get 600 coins with same hash on a pool in 24 hours. I may use the multipool later on when the blocks are halfed to almost nothing but for now, gonna stick with a pool.

I saw the same thing, I'm mining it directly.  Stealing flt from others who would dump it helps in my mind.  But we aren't keeping up on the Multipool currently.  One thing is hashrate, if we cant get this to the 1ghs range, its not going to be able to compete with other pools.  The higher the hashrate the more flt will rise because we have more volume buying.

Problem is we are leaving the pool, but we need to add hash for it to work properly but we can't do that when you can mine flt directly and make more.  Hopefully this will adjust in the next few weeks.

Once they release it as "production" and announce it, hashrate will go up I hope.  Its still beta.  Mining FLT directly will be harder tomorrow when the reward drops to 625

[chris20131111]

How does this POS work?
Do you need to keep your coins @ your own wallet for period of time?
What if you keep your coins @ cryptsy og mintpal?

Keep your coins in your own wallet and wait 30 days for POS. I guess if people keep their coins on exchanges it just POS in the exchanges wallet.

nah they don't keep those wallets live...  its just a keypair...

Ah ok. Ya, its always best keep your coins in your wallet then.

[Rumhurius]

http://flutter.speedminer.org

Mining some flutter would help us all out.

[binaryclock]

Gentlemen, we're hashing away on FLT, and have been for some time since lauch.  We sustain around 15-20% of the nethash for flutter and get tons of blocks

Would like to see you mining with us and in our channel ##dedicatedpool

Good luck and happy mining!




FLT.DEDICATEDPOOL.COM

Mining Information

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• Vardiff enabled
• PPNLS payout system
• Everything is transparent - blocks, donations, fees.

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• 8 Core servers, 256GB DDR3 RAM, RAID 10 SSD
• Ramdisks, memcaches, to make things go extremely quick

[akk123]

Not much movement although halving is near?

[mikeymillie]

Not much movement although halving is near?

Probably because the last two halvings did little if anything to slow down the multipool dumpings.

Maybe this time it will be different, and the floor of the coin has inched up a little bit over past couple days.  But it really couldn't have gone much farther down either, so there's that too.

[thekidcoin]

Not much movement although halving is near?

Probably because the last two halvings did little if anything to slow down the multipool dumpings.

Maybe this time it will be different, and the floor of the coin has inched up a little bit over past couple days.  But it really couldn't have gone much farther down either, so there's that too.

Why do you keep insisting on this?

There were only 900k FLT generated each day this week - that's roughly like 10BTC each day at this price - yet volume is like 250 BTC.  Multipools DO NOT mine anywhere close to 900K flutter each day.

Saturday there will be 450K flutter generated each day. 

Basic math.

Couldn't have gone down much further? it was 150 a few weeks ago LOL

No ones dumping, the price is steady, there is nothing wrong.  Once a few things happen that I will not divulge, the market should react.

[mikeymillie]

Not much movement although halving is near?

Probably because the last two halvings did little if anything to slow down the multipool dumpings.

Maybe this time it will be different, and the floor of the coin has inched up a little bit over past couple days.  But it really couldn't have gone much farther down either, so there's that too.

Why do you keep insisting on this?

There were only 900k FLT generated each day this week - that's roughly like 10BTC each day at this price - yet volume is like 250 BTC.  Multipools DO NOT mine anywhere close to 900K flutter each day.

Saturday there will be 450K flutter generated each day.  

Basic math.

Couldn't have gone down much further? it was 150 a few weeks ago LOL

No ones dumping, the price is steady, there is nothing wrong.  Once a few things happen that I will not divulge, the market should react.

> Multipools DO NOT mine anywhere close to 900K flutter each day.

Does it really matter who is doing the mining and dumping?  Ok so let's say it's not multipools, then who is it? Dedicated FLT miners themselves?  Mine dumping their own coin?  This is actually even worse TBH. I mean. I expect multipools to dump, that's their job.

I believe things will turn around, don't worry.  I am buying on these dips, but I don't really see a reason to pretend they are not otherwise disappointing.  150 was the price before it hit Cryptsy when few people knew about it.  It was also nearly 3000 a week ago too, so that logic goes both ways.  

FWIW I am working on some ideas to polish up the public face of the coin.  I am not highly technical (by my own standards, I mean I can code a little here and there and understand the protocol, but it's a hobby interest, not my core competency) but I am pretty good at succinctly explaining why innovative concepts are important, rather than just what they do, by drilling down into their value application story.  I am curious to see what the new developments are and will do my best to evangelize them if they are positive.  

Like you, nobody is paying me to do this.  Unlike you, I have a tiny, TINY amount of FLT holdings (not even in the top 300) so making an effort to bring the price up by working on community projects has close to zero real payoff for me.  It's more about getting tired of seeing so little done while other coins are clearly trying to figure out ways to steal FLT's thunder.  Read the 14 page whitepaper on PoSV for reddcoin, it's basically trying to claim that it encourages spending and transactions (the "V" stands for velocity, as in velocity of money) but makes a much, *much* better case for why this is important than FLT's whitepaper does.  

Now that being said, I believe PoSV is not going to succeed in that objective (they have identified the problem very well, but the solution is just a PoS accounting gimmick, sort of like a coin control for dummies), and that PoT is a vastly better solution.  but PoT suffers from very poor exposure -  the only people who are looking closely at it are other coin devs who just want to rip it off and claim they invented it (or something superficially similar to it) first.

[cloudminers]

FlutterCoin Mining Pool.

Features

    - PROP reward system.
    - Stratum with Vardiff.
    - Round earnings credited after 120 confirms.

http://flt.cloudminers.net

[kirimona]

You need several multipools, aren't you?

[Cohle]

Not much movement although halving is near?

Probably because the last two halvings did little if anything to slow down the multipool dumpings.

Maybe this time it will be different, and the floor of the coin has inched up a little bit over past couple days.  But it really couldn't have gone much farther down either, so there's that too.

Why do you keep insisting on this?

There were only 900k FLT generated each day this week - that's roughly like 10BTC each day at this price - yet volume is like 250 BTC.  Multipools DO NOT mine anywhere close to 900K flutter each day.

Saturday there will be 450K flutter generated each day.  

Basic math.

Couldn't have gone down much further? it was 150 a few weeks ago LOL

No ones dumping, the price is steady, there is nothing wrong.  Once a few things happen that I will not divulge, the market should react.

> Multipools DO NOT mine anywhere close to 900K flutter each day.

Does it really matter who is doing the mining and dumping?  Ok so let's say it's not multipools, then who is it? Dedicated FLT miners themselves?  Mine dumping their own coin?  This is actually even worse TBH. I mean. I expect multipools to dump, that's their job.

I believe things will turn around, don't worry.  I am buying on these dips, but I don't really see a reason to pretend they are not otherwise disappointing.  150 was the price before it hit Cryptsy when few people knew about it.  It was also nearly 3000 a week ago too, so that logic goes both ways.  

FWIW I am working on some ideas to polish up the public face of the coin.  I am not highly technical (by my own standards, I mean I can code a little here and there and understand the protocol, but it's a hobby interest, not my core competency) but I am pretty good at succinctly explaining why innovative concepts are important, rather than just what they do, by drilling down into their value application story.  I am curious to see what the new developments are and will do my best to evangelize them if they are positive.  

Like you, nobody is paying me to do this.  Unlike you, I have a tiny, TINY amount of FLT holdings (not even in the top 300) so making an effort to bring the price up by working on community projects has close to zero real payoff for me.  It's more about getting tired of seeing so little done while other coins are clearly trying to figure out ways to steal FLT's thunder.  Read the 14 page whitepaper on PoSV for reddcoin, it's basically trying to claim that it encourages spending and transactions (the "V" stands for velocity, as in velocity of money) but makes a much, *much* better case for why this is important than FLT's whitepaper does.  

Now that being said, I believe PoSV is not going to succeed in that objective (they have identified the problem very well, but the solution is just a PoS accounting gimmick, sort of like a coin control for dummies), and that PoT is a vastly better solution.  but PoT suffers from very poor exposure -  the only people who are looking closely at it are other coin devs who just want to rip it off and claim they invented it (or something superficially similar to it) first.

I don't frequent this thread as much but I do still hold my small FLT bag (have also bought more on dips). Last I browsed though I read some on your concerns ridiculed. You've been a staunch FLT supporter and you have a knack of succinctly describing this coin's many positives. Please don't be deterred by the stubborn and at times rude responses. This community needs people like you.

[LeBarton]

Hmm that's a good dump. Cheap coins to grab

[mikeymillie]

Great show of support here

[CryptoLogo]

Halving time today, why is this coin falling?

http://cryptofrenzy.files.wordpress.com/2014/02/god.pdf

its a good thing. HOLD BUY

[acuriousman]

This isn't good, it looks like we're seeing the end of Fluttercoin.

The massive loss of miners in the multipool, the continuously lackluster announcements, and the fact that the price has been steadily declining all week.

CASH OUT NOW PEOPLE. FLT has already started to crash.

Today is halving day and even THAT didn't give it a boost. Sell now and save yourself the grief.

[Mpare]

This isn't good, it looks like we're seeing the end of Fluttercoin.

The massive loss of miners in the multipool, the continuously lackluster announcements, and the fact that the price has been steadily declining all week.

CASH OUT NOW PEOPLE. FLT has already started to crash.

Today is halving day and even THAT didn't give it a boost. Sell now and save yourself the grief.





You sell first and we will follow. Tell us when you do sell your dead coins. We hope you have a lot so make our day.

[LeBarton]

This isn't good, it looks like we're seeing the end of Fluttercoin.

The massive loss of miners in the multipool, the continuously lackluster announcements, and the fact that the price has been steadily declining all week.

CASH OUT NOW PEOPLE. FLT has already started to crash.

Today is halving day and even THAT didn't give it a boost. Sell now and save yourself the grief.

Please sell me your coins and go buy some asiacoin with its premine of 3 billion coins where the max coin is 300 million. Your investment will be much safer there, trust me.

Thank you

[acuriousman]

Hold, buy - crash sell ?   

Sell now. All you have to do is look at the charts this week and it's clear that FLT isn't getting any better.

It'll probably sink down to 500 soon enough. Unless you like losing your money, SELL.