kikeda
Sr. Member
Offline
Activity: 364
Merit: 250
Super Smash Bros. Ultimate Available Now!
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May 13, 2014, 01:23:52 PM |
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There are just too many coins coming each day and people start chasing quick profits, that is normal. If your coin is not expected to go at lease 5x in the next few weeks, then money gets moved out of it.
You see a coin move from 100 sats to 2000 in a couple of weeks and you then wonder why it falls later to 700, well a lot of people who bought at 100-150 cashed out and moved to the "next big thing". That does not take anything from the value of FLT in the long run.
And to give you an example with BTC, who do you think made the most money out of BTC, the people who chased quick profits and sold their few K quickly or the people who hold through the years?
spot on fed.
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speedminer
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May 13, 2014, 01:51:21 PM |
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After running a dedicated pool for half a year... decided to stop since the pool fees/donations don't cover the costs I'm making. Therefore, please withdraw any coins you have left on our pool by the end of May 19th or these will be lost.
Or if anyone 's interested in taking over for a small donation in BTC, please send me a PM on bitcointalk.
Thanks for all who mined with us!
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SwedishGirl
Sr. Member
Offline
Activity: 392
Merit: 250
Looking for shmexy coins!
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May 13, 2014, 02:07:08 PM |
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OMG, this coin is sooooooo sexy! I found 3rd sexy coin in just a few hours! OMG, I am soooo happy!
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ozie
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May 13, 2014, 02:29:18 PM |
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Once People realize that PURE PoS has some security issues that FLT addresses by keeping PoW the probably will stop bitching about it. Seems PoT also add some security which is really great. Im with FLT since the very beginning and i must say i am very impressed which the skills of thekidcoin. He seems to really know what he is doing. He may lack some social skills but i personally like his way of commenting things here in the thread Please also ask yourself why there is still no Clone of Fluttercoin. I personally believe its because this shit is so next level none of the random copycat devs understand it. I wont give up my front row in this truly innovative coin. Keep up the good work!
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LeBarton
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May 13, 2014, 02:35:32 PM |
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Once People realize that PURE PoS has some security issues that FLT addresses by keeping PoW the probably will stop bitching about it. Seems PoT also add some security which is really great. Im with FLT since the very beginning and i must say i am very impressed which the skills of thekidcoin. He seems to really know what he is doing. He may lack some social skills but i personally like his way of commenting things here in the thread Please also ask yourself why there is still no Clone of Fluttercoin. I personally believe its because this shit is so next level none of the random copycat devs understand it. I wont give up my front row in this truly innovative coin. Keep up the good work! +1 for the innovation of the coin And I like his social skills when it comes to deal with whiners/price manipulators
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giveBTCpls
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May 13, 2014, 02:35:48 PM |
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There are just too many coins coming each day and people start chasing quick profits, that is normal. If your coin is not expected to go at lease 5x in the next few weeks, then money gets moved out of it.
You see a coin move from 100 sats to 2000 in a couple of weeks and you then wonder why it falls later to 700, well a lot of people who bought at 100-150 cashed out and moved to the "next big thing". That does not take anything from the value of FLT in the long run.
And to give you an example with BTC, who do you think made the most money out of BTC, the people who chased quick profits and sold their few K quickly or the people who hold through the years?
But BTC was the first coin and has the monopoly. I support coins like FLT and im holding, but honestly who knows if in 1 or 2 years they will even be alive compared to BTC.
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thekidcoin (OP)
Sr. Member
Offline
Activity: 308
Merit: 250
FlutterCoin Developer
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May 13, 2014, 02:42:26 PM |
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OMG, this coin is sooooooo sexy! I found 3rd sexy coin in just a few hours! OMG, I am soooo happy!
I strive to bring the sexy...
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1MYL967PR52xiNtqSP9WphRvPzKZDjBdxn
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some1ell
Newbie
Offline
Activity: 45
Merit: 0
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May 13, 2014, 02:42:54 PM |
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There are just too many coins coming each day and people start chasing quick profits, that is normal. If your coin is not expected to go at lease 5x in the next few weeks, then money gets moved out of it.
You see a coin move from 100 sats to 2000 in a couple of weeks and you then wonder why it falls later to 700, well a lot of people who bought at 100-150 cashed out and moved to the "next big thing". That does not take anything from the value of FLT in the long run.
And to give you an example with BTC, who do you think made the most money out of BTC, the people who chased quick profits and sold their few K quickly or the people who hold through the years?
But BTC was the first coin and has the monopoly. I support coins like FLT and im holding, but honestly who knows if in 1 or 2 years they will even be alive compared to BTC. +1
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thekidcoin (OP)
Sr. Member
Offline
Activity: 308
Merit: 250
FlutterCoin Developer
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May 13, 2014, 02:44:28 PM |
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+1 for the innovation of the coin And I like his social skills when it comes to deal with whiners/price manipulators LOL I aim to please. Its like those restaurants where the waitress yells at you, and you keep going there because of the shtick
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1MYL967PR52xiNtqSP9WphRvPzKZDjBdxn
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Halofire
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May 13, 2014, 03:49:50 PM Last edit: May 13, 2014, 04:04:38 PM by Halofire |
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Once People realize that PURE PoS has some security issues that FLT addresses by keeping PoW the probably will stop bitching about it. Seems PoT also add some security which is really great. Im with FLT since the very beginning and i must say i am very impressed which the skills of thekidcoin. He seems to really know what he is doing. He may lack some social skills but i personally like his way of commenting things here in the thread Please also ask yourself why there is still no Clone of Fluttercoin. I personally believe its because this shit is so next level none of the random copycat devs understand it. I wont give up my front row in this truly innovative coin. Keep up the good work! Why do ppl keep saying that Pure PoS coins have security flaws? edit: I have an idea like 'staking holes', but i want to hear what others think.
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu Friendly reminder: Back up your wallet.dat files!!
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homeiss
Member
Offline
Activity: 118
Merit: 10
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May 13, 2014, 04:07:03 PM |
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Once People realize that PURE PoS has some security issues that FLT addresses by keeping PoW the probably will stop bitching about it. Seems PoT also add some security which is really great. Im with FLT since the very beginning and i must say i am very impressed which the skills of thekidcoin. He seems to really know what he is doing. He may lack some social skills but i personally like his way of commenting things here in the thread Please also ask yourself why there is still no Clone of Fluttercoin. I personally believe its because this shit is so next level none of the random copycat devs understand it. I wont give up my front row in this truly innovative coin. Keep up the good work! Why do ppl keep saying that Pure PoS coins have security flaws? I personally worry about transactions grinding to a halt with pure POS coins. If most people have their coins on an exchange and the rest of people don't have their wallet open staking coins the network is going to stop moving... By leaving POW go forever, as well as having POS and POT we have the strongest network in the crypto world. The fluttercoin network should never stop and should be near impossible to 51% attack. That's my understanding anyway.
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Pass the Flutter: F7PjYAf7stemsejKHWarkjC1sb5FqbsnhZ
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Kuriso
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May 13, 2014, 04:08:02 PM |
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Once People realize that PURE PoS has some security issues that FLT addresses by keeping PoW the probably will stop bitching about it. Seems PoT also add some security which is really great. Im with FLT since the very beginning and i must say i am very impressed which the skills of thekidcoin. He seems to really know what he is doing. He may lack some social skills but i personally like his way of commenting things here in the thread Please also ask yourself why there is still no Clone of Fluttercoin. I personally believe its because this shit is so next level none of the random copycat devs understand it. I wont give up my front row in this truly innovative coin. Keep up the good work! Why do ppl keep saying that Pure PoS coins have security flaws? If I'm not mistaken WC, BLU, and XBC are 3 coins that recently had issues with security because of pure POS. I'm sure there are others. 1400 XBC were stolen from Poloniex due to some form of 51% attack or injection. They had to increase deposit and withdraw confirmations to 1200. I do not support these coins so I do not remember the full details. Maybe someone else can chime in.
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chris20131111
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May 13, 2014, 04:17:38 PM |
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Whoo hoo. Just scooped up 16k Flt for cheap.
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thekidcoin (OP)
Sr. Member
Offline
Activity: 308
Merit: 250
FlutterCoin Developer
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May 13, 2014, 04:23:15 PM |
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Once People realize that PURE PoS has some security issues that FLT addresses by keeping PoW the probably will stop bitching about it. Seems PoT also add some security which is really great. Im with FLT since the very beginning and i must say i am very impressed which the skills of thekidcoin. He seems to really know what he is doing. He may lack some social skills but i personally like his way of commenting things here in the thread Please also ask yourself why there is still no Clone of Fluttercoin. I personally believe its because this shit is so next level none of the random copycat devs understand it. I wont give up my front row in this truly innovative coin. Keep up the good work! Why do ppl keep saying that Pure PoS coins have security flaws? edit: I have an idea like 'staking holes', but i want to hear what others think. what if all stakeholders had coins at exchanges, or didn't have their wallet open? Any idea what would happen? There are other holes as well for sure.
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1MYL967PR52xiNtqSP9WphRvPzKZDjBdxn
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Halofire
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May 13, 2014, 04:51:13 PM |
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Once People realize that PURE PoS has some security issues that FLT addresses by keeping PoW the probably will stop bitching about it. Seems PoT also add some security which is really great. Im with FLT since the very beginning and i must say i am very impressed which the skills of thekidcoin. He seems to really know what he is doing. He may lack some social skills but i personally like his way of commenting things here in the thread Please also ask yourself why there is still no Clone of Fluttercoin. I personally believe its because this shit is so next level none of the random copycat devs understand it. I wont give up my front row in this truly innovative coin. Keep up the good work! Why do ppl keep saying that Pure PoS coins have security flaws? edit: I have an idea like 'staking holes', but i want to hear what others think. what if all stakeholders had coins at exchanges, or didn't have their wallet open? Any idea what would happen? There are other holes as well for sure. Only my thoughts, idk if right or wrong: if they didn't have wallet open, others would stake faster and more frequent, i'd think. You're basing on 100% unity, if all wallets offline or if all stake holders had coins at exchanges. Coins at exchanges could fork or attack through staking would be possible, but that's why exchange wallets don't PoS. Kinda bad to take the coins off the PoS network, but the point of PoS is to keep in your own wallet, not the exchange. I'm sure there will be times where this gets dangerous, but to locate this hole in the time period given of it's existence (like a wormhole), I think it would be hard to manipulate. Again, only thoughts. But am I getting close or haven't I got a clue still? Facts I know: Most pure pos coins still run pow, at low network hashrates. That's the main hole I was thinking, as asics come out, they will dwarf the existing network hashrates, until the network hashrate adopts asics of it's own. Other hole is the transition from pow to pos, since most coins won't be staked depending on mincoinage, but this hole is one time event and is temporary.
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu Friendly reminder: Back up your wallet.dat files!!
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Halofire
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May 13, 2014, 04:56:21 PM |
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Once People realize that PURE PoS has some security issues that FLT addresses by keeping PoW the probably will stop bitching about it. Seems PoT also add some security which is really great. Im with FLT since the very beginning and i must say i am very impressed which the skills of thekidcoin. He seems to really know what he is doing. He may lack some social skills but i personally like his way of commenting things here in the thread Please also ask yourself why there is still no Clone of Fluttercoin. I personally believe its because this shit is so next level none of the random copycat devs understand it. I wont give up my front row in this truly innovative coin. Keep up the good work! Why do ppl keep saying that Pure PoS coins have security flaws? If I'm not mistaken WC, BLU, and XBC are 3 coins that recently had issues with security because of pure POS. I'm sure there are others. 1400 XBC were stolen from Poloniex due to some form of 51% attack or injection. They had to increase deposit and withdraw confirmations to 1200. I do not support these coins so I do not remember the full details. Maybe someone else can chime in. WC PoS was coded incorrectly resulting in it never kicking in to start securing the blockchain. The "afterhours" PoW hashrate dropped so low, 51% was inevitable. To re-secure, pools opened WC mining back up at the 10WC per block as was coded. It's still paying 10 to my knowledge. All pure pos have ''afterhours'' pow, btw.
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu Friendly reminder: Back up your wallet.dat files!!
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thekidcoin (OP)
Sr. Member
Offline
Activity: 308
Merit: 250
FlutterCoin Developer
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May 13, 2014, 05:04:18 PM |
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Once People realize that PURE PoS has some security issues that FLT addresses by keeping PoW the probably will stop bitching about it. Seems PoT also add some security which is really great. Im with FLT since the very beginning and i must say i am very impressed which the skills of thekidcoin. He seems to really know what he is doing. He may lack some social skills but i personally like his way of commenting things here in the thread Please also ask yourself why there is still no Clone of Fluttercoin. I personally believe its because this shit is so next level none of the random copycat devs understand it. I wont give up my front row in this truly innovative coin. Keep up the good work! Why do ppl keep saying that Pure PoS coins have security flaws? If I'm not mistaken WC, BLU, and XBC are 3 coins that recently had issues with security because of pure POS. I'm sure there are others. 1400 XBC were stolen from Poloniex due to some form of 51% attack or injection. They had to increase deposit and withdraw confirmations to 1200. I do not support these coins so I do not remember the full details. Maybe someone else can chime in. WC PoS was coded incorrectly resulting in it never kicking in to start securing the blockchain. The "afterhours" PoW hashrate dropped so low, 51% was inevitable. To re-secure, pools opened WC mining back up at the 10WC per block as was coded. It's still paying 10 to my knowledge. All pure pos have ''afterhours'' pow, btw. No they don't BC doesn't, QTM doesn't.
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1MYL967PR52xiNtqSP9WphRvPzKZDjBdxn
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thekidcoin (OP)
Sr. Member
Offline
Activity: 308
Merit: 250
FlutterCoin Developer
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May 13, 2014, 05:05:53 PM |
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PoW blocks are rejected...
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1MYL967PR52xiNtqSP9WphRvPzKZDjBdxn
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LeBarton
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May 13, 2014, 05:08:54 PM |
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Once People realize that PURE PoS has some security issues that FLT addresses by keeping PoW the probably will stop bitching about it. Seems PoT also add some security which is really great. Im with FLT since the very beginning and i must say i am very impressed which the skills of thekidcoin. He seems to really know what he is doing. He may lack some social skills but i personally like his way of commenting things here in the thread Please also ask yourself why there is still no Clone of Fluttercoin. I personally believe its because this shit is so next level none of the random copycat devs understand it. I wont give up my front row in this truly innovative coin. Keep up the good work! Why do ppl keep saying that Pure PoS coins have security flaws? If I'm not mistaken WC, BLU, and XBC are 3 coins that recently had issues with security because of pure POS. I'm sure there are others. 1400 XBC were stolen from Poloniex due to some form of 51% attack or injection. They had to increase deposit and withdraw confirmations to 1200. I do not support these coins so I do not remember the full details. Maybe someone else can chime in. WC PoS was coded incorrectly resulting in it never kicking in to start securing the blockchain. The "afterhours" PoW hashrate dropped so low, 51% was inevitable. To re-secure, pools opened WC mining back up at the 10WC per block as was coded. It's still paying 10 to my knowledge. All pure pos have ''afterhours'' pow, btw. To my knowledge, Colossuscoin was the first 100% PoS coin but they had a lot of pain to get it working. Dunno if it works that good as I haven't followed that coin for a long time now.
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thekidcoin (OP)
Sr. Member
Offline
Activity: 308
Merit: 250
FlutterCoin Developer
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May 13, 2014, 05:18:50 PM |
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Once People realize that PURE PoS has some security issues that FLT addresses by keeping PoW the probably will stop bitching about it. Seems PoT also add some security which is really great. Im with FLT since the very beginning and i must say i am very impressed which the skills of thekidcoin. He seems to really know what he is doing. He may lack some social skills but i personally like his way of commenting things here in the thread Please also ask yourself why there is still no Clone of Fluttercoin. I personally believe its because this shit is so next level none of the random copycat devs understand it. I wont give up my front row in this truly innovative coin. Keep up the good work! Why do ppl keep saying that Pure PoS coins have security flaws? If I'm not mistaken WC, BLU, and XBC are 3 coins that recently had issues with security because of pure POS. I'm sure there are others. 1400 XBC were stolen from Poloniex due to some form of 51% attack or injection. They had to increase deposit and withdraw confirmations to 1200. I do not support these coins so I do not remember the full details. Maybe someone else can chime in. WC PoS was coded incorrectly resulting in it never kicking in to start securing the blockchain. The "afterhours" PoW hashrate dropped so low, 51% was inevitable. To re-secure, pools opened WC mining back up at the 10WC per block as was coded. It's still paying 10 to my knowledge. All pure pos have ''afterhours'' pow, btw. To my knowledge, Colossuscoin was the first 100% PoS coin but they had a lot of pain to get it working. Dunno if it works that good as I haven't followed that coin for a long time now. Its super easy to convert PPC or NVC or any PPC clone into a pure PoS. Its only a few lines (not even lines - really just numbers). Which is why some people were upset when I called a few coins which I will not name pure "clones" - but its the truth. Its just a few changed parameters to stake age and rejecting PoW blocks.
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1MYL967PR52xiNtqSP9WphRvPzKZDjBdxn
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