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

[seattletu]

I know that I don't know enough about what's good for a coin to be sure one way or the other. Fingers crossed

[Halofire]

It will take some time for the market to adjust to whatever changes kidcoin makes. I hope the people who want the changes to be made are 100% sure of what they want and not looking for the quick return on their money in exchange for the possible destruction of the coin. For the coin to maintain its current price, i personally think this coin is fine the way it is, just need to exploit the features it already has and market the snot out of it. getting merchants helps too.

[thekidcoin]

I think changing the reward will either turn it into a pump and dump situation, or it will turn it into a highly successful coin. Most likely will just be dumped and ruined. I'm just gonna hold them and get PoS for years and just let it ride. I like to take bigger gambles for bigger rewards.

In any event, even if it was a slow rise, coins would be dumped when people hit a price they are satisfied with.

The thing is this - make it rarer and force buyers into the market - that is the only thing that will save us from the multi-pools, which is a lot of the reason the price is so low today.

[seattletu]

Alright I guess we will see if its a good change or not. I truly don't know, but I will see you guys on the other side. I'm gonna drop out of this thread. Cheers and good luck gentlemen.

[Halofire]

If PoT is not cost effective to send back and forth to ourselves or to each other, that we would be spending more in TX fees to get the PoT, the we'd need massive amounts of transactions to hit PoT? So if PoT is 2500 and fee is .01, we would need 250000 transactions per 1 PoT reward? That's just breaking even, too. Of course there are variables such as luck and if kidcoin changes the PoW block reward, but based on my math, am I close to being correct?

[Halofire]

Alright I guess we will see if its a good change or not. I truly don't know, but I will see you guys on the other side. I'm gonna drop out of this thread. Cheers and good luck gentlemen.

We'll miss you! haha. You still playing the game?

[thekidcoin]

If PoT is not cost effective to send back and forth to ourselves or to each other, that we would be spending more in TX fees to get the PoT. So if PoT is 2500 and fee is .01, we would need 250000 transactions per 1 PoT reward? That's just breaking even, too. Of course there are variables such as luck and if kidcoin changes the PoW block reward, but based on my math, am I close to being correct?

Essentially by trying to generate POT rewards, what ends up happening is you have no chance...  There are limits to eliminate automated systems from exploiting the POT system.  Its 100% luck driven.  Just as POW rewards are.  They happen all the time POT rewards, look in the debug log for the word "proof-of-transaction"

[thekidcoin]

Alright I guess we will see if its a good change or not. I truly don't know, but I will see you guys on the other side. I'm gonna drop out of this thread. Cheers and good luck gentlemen.

Why are you dropping out of the thread LOL?

[Halofire]

If PoT is not cost effective to send back and forth to ourselves or to each other, that we would be spending more in TX fees to get the PoT. So if PoT is 2500 and fee is .01, we would need 250000 transactions per 1 PoT reward? That's just breaking even, too. Of course there are variables such as luck and if kidcoin changes the PoW block reward, but based on my math, am I close to being correct?

Essentially by trying to generate POT rewards, what ends up happening is you have no chance...  There are limits to eliminate automated systems from exploiting the POT system.  Its 100% luck driven.  Just as POW rewards are.  They happen all the time POT rewards, look in the debug log for the word "proof-of-transaction"

Thanks for showing me where to look! They do occur quite often in the log.

[ObiWanCoinNobi]

Just wanted to bring this to the attention of the developers just in case they are not aware.  An OPEN SSL bug has been found.

https://bitcointalk.org/index.php?topic=561464.0

I don't know if it affects this coin but I really think this coin is going to be great and don't want anything derailing the course.

 

[thekidcoin]

Just wanted to bring this to the attention of the developers just in case they are not aware.  An OPEN SSL bug has been found.

https://bitcointalk.org/index.php?topic=561464.0

I don't know if it affects this coin but I really think this coin is going to be great and don't want anything derailing the course.

 

Will be upgraded to next version of open ssl in the next release (tomorrow likely)

[ObiWanCoinNobi]

Just wanted to bring this to the attention of the developers just in case they are not aware.  An OPEN SSL bug has been found.

https://bitcointalk.org/index.php?topic=561464.0

I don't know if it affects this coin but I really think this coin is going to be great and don't want anything derailing the course.

 

Will be upgraded to next version of open ssl in the next release (tomorrow likely)

You the man kidcoin!

[thekidcoin]

In new release...

[Collegestudent]

In new release...

Whats pos interest and is that pot?

[bullgates]

Have been busy lately so haven't checked in much.  Can anyone tell me if cloudminers is dead?

Thanks.

[Equate]

Have been busy lately so haven't checked in much.  Can anyone tell me if cloudminers is dead?

Thanks.

yeah its not working anymore.

[thekidcoin]

Who wants to contribute to a bounty (in BTC) for someone to develop and run a multipool that buys FLT with the coins it mines?

[bullgates]

I assume any coins left there are gone? Or am I incorrect? Thanks for replying above.

[moonpool]

that new wallet looks great.

[Halofire]

kidcoin, wallet looks AWESOME! thanks for adding the meter! Can't wait for the release....