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

[gpuminer]

Ironic isn't it? Miners reaping high block rewards helped dumped FLT to 1000 sat, and now that block reward has halved they need FLT to be more valuable for it to be profitable to mine.

Can we vote to end PoW and forever shut out miners once PoT is active enough to secure the blockchain alongside PoS?  

It doesnt work that way, miner dump the price, once block halve not profitable to mine they just move on to other coin. If FLT happen to go up in price and become profitable again they will come back , mine and dump it all over again. Miner dont really care if FLT valuable or not , they only care whether FLT profitable to mine or not.

[gpuminer]

anyone know whether MP beta mine real coin ? Do beta miner get real FLT ? Or some test net joke ?

[thekidcoin]

Ironic isn't it? Miners reaping high block rewards helped dumped FLT to 1000 sat, and now that block reward has halved they need FLT to be more valuable for it to be profitable to mine.

Can we vote to end PoW and forever shut out miners once PoT is active enough to secure the blockchain alongside PoS? 

We want the coin to be profitable to mine...  At this point also PoT relies on PoW - this will be changing however likely with the next mandatory release in the next few months.

[thekidcoin]

ALL: The Mac binaries have been updated, use the same links in the OP or website (so I don't have to update the LOL)

Mac OSX
DMG https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg
GPG https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg.asc
SHA256SUM https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg.sha256

Let me know if there are any issues (and most importantly if they work)

[Collegestudent]

ALL: The Mac binaries have been updated, use the same links in the OP or website (so I don't have to update the LOL)

Mac OSX
DMG https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg
GPG https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg.asc
SHA256SUM https://github.com/thekidcoin/fluttercoin/releases/download/v0.4.5.5-flt/FlutterCoin-Qt.v0.4.5.5.dmg.sha256

Let me know if there are any issues (and most importantly if they work)

Hi whens pool live wanna test it using my cpu

[tyson187]

Does anyone know at what time the multipool will go live ?

[dekdek]

http://www.fluttercoinpool.com 

[Vandalay23]

Is there any summary on how PoT works?

[unamis76]

http://www.fluttercoinpool.com 

Is this the official multipool? Is it open to everyone after all?

The email said that official details would be released later and sent through email... I guess I'll wait for that.

[stormia]

Is there any summary on how PoT works?

The whitepaper explains some of it: http://www.fluttercoin.us/fluttercoin/wp-content/uploads/2014/03/Proof-of-Transaction.pdf

Also, if you look back a few pages you will find posts from thekidcoin and others talking about/explaining it.

[jvdp]

http://www.fluttercoinpool.com 

yeah! 2 miners alerady waiting on the official announcement, havent seen that yet.

[unamis76]

http://www.fluttercoinpool.com 

Is this the official multipool? Is it open to everyone after all?

The email said that official details would be released later and sent through email... I guess I'll wait for that.

Betatesters first only. After that? The moon.

Then how come the pool is open to everyone? Or maybe it's just a scam pool?

http://www.fluttercoinpool.com 

yeah! 2 miners alerady waiting on the official announcement, havent seen that yet.

Also waiting for the announcement

[bluewhackadoo]

http://www.fluttercoinpool.com 

Is this the official multipool? Is it open to everyone after all?

The email said that official details would be released later and sent through email... I guess I'll wait for that.

Betatesters first only. After that? The moon.

Then how come the pool is open to everyone? Or maybe it's just a scam pool?

http://www.fluttercoinpool.com 

yeah! 2 miners alerady waiting on the official announcement, havent seen that yet.

Also waiting for the announcement

Looks legit, just waiting for the official email to go at it.

[mikeymillie]

Is there any summary on how PoT works?

There's a whitepaper on  www.fluttercoin.us that covers it.  It's very short.

A less technical 'how', and more of a 'why' explanation given in this thread on or two pages back:

Proof of Transaction serves the same beneficial function that mining does: it secures the blockchain by confirming transactions. Except instead of rewarding an energy-wasting and rapidly centralizing arms race between miners solving useless busywork calculations, it rewards the actual end users of the coin for doing a useful service that they naturally would do anyway, which is spending it.   Mining serves well its purpose to bootstrap the coin but like training wheels on a bicycle, once the coin matures and gets used heavily, mining starts to cause more problems than it solves as seen by the enormous cost of running the Bitcoin network as well as its tendency for mining to become centralized over time. All workarounds, such as ASIC resistance, which still preserve the role of mining as the only securing proof system, only serve to delay the problem. They do not attempt to fundamentally solve it in the way that a PoT/PoS coin maturity life cycle (such as the one Flutter has created) does.

[jdebunt]

I'm on the multipool too with my 1.2 Mhash, woo

[FryguyUK]

Edit: posting to old posts :s

how did you get going on the multipool I've not received the e-mail today with instructions. I'm a jealous little butterfly.

[alkaint]

hello folks ,

while it's critical for the coin to success it needs an active dev behind it to develope and keep the coin up to date  it's also required an active community with lots of projects to push the coin ahead  .

i have an idea and can support it financially 100% but i need a partner who is good with web design and implementing API data to a shoping cart system ...it does not need to be fancy website just a basic shoping cart that can calculate the fiat price based on exchangers value of flt/btc . if anyone interest i can share more information via PMs or skype

[jamieb81]

I'm on the multipool too with my 1.2 Mhash, woo

let's see if the multipool can make the value increase of flt

[unamis76]

Are the folks on the multipool actually mining anything? There's no way to see it afaik...

[alkaint]

Are the folks on the multipool actually mining anything? There's no way to see it afaik...

well theres a "getting started" guide in the site hiden somewhere , i pointed my worker according  to the guide and it started showing me "accepted" blocks . i got the accepted beta testing email but could not wait anymore