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Author Topic: [ANN] FIMK: 2.5G POS, extra block rewards, messaging, asset colors, p2p shopping  (Read 173632 times)
highscore
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July 02, 2014, 12:48:54 PM
 #281

whats the price to buy?
0.00001
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July 02, 2014, 12:55:07 PM
 #282

So nice, everything works, so we can start =) It´s the first time i am forging. How many coins i must have before to get some blocks ?
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July 02, 2014, 12:57:41 PM
 #283

Is forging a block heavily dependent on FIM balance or have there been changes to the Nxt algo because of the POS Reward?

While the algorithm changed slightly in some places, the outcome is still the same.
The more FIM you have the more blocks you make.


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July 02, 2014, 01:14:33 PM
 #284


Selling FIMS. PM to transact  Grin

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July 02, 2014, 01:17:09 PM
 #285

All block rewards received to the association's accounts or related accounts during the beginning phase will be distributed to initial stakeholders on pro rata basis according to details published later.

+1 Thanks for doing the right thing.  When will this commence?

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July 02, 2014, 01:20:57 PM
 #286

Is forging a block heavily dependent on FIM balance or have there been changes to the Nxt algo because of the POS Reward?

While the algorithm changed slightly in some places, the outcome is still the same.
The more FIM you have the more blocks you make.



Is forging also dependent on the number of clients you have open? Meaning, if you are logged in with one FIMK account but with multiple browser windows open will this enhance your chance for forging a block?

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July 02, 2014, 01:25:15 PM
 #287

Is forging a block heavily dependent on FIM balance or have there been changes to the Nxt algo because of the POS Reward?
While the algorithm changed slightly in some places, the outcome is still the same.
The more FIM you have the more blocks you make.
Is forging also dependent on the number of clients you have open? Meaning, if you are logged in with one FIMK account but with multiple browser windows open will this enhance your chance for forging a block?

That would be nice  Cheesy
But no sorry that's not how it works.

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July 02, 2014, 01:26:35 PM
 #288


that's expensive
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July 02, 2014, 01:28:34 PM
 #289


You are not gonna regret buyin at that price.

FIMK will be really big thing in future!

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July 02, 2014, 01:29:31 PM
 #290


Jep it is. But don't forget that the amount of available Fimk is currently 333 million, not 1 billion and during the IPO more than 500 btc have been gathered, so investors won't sell low to have ROI.
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July 02, 2014, 01:34:37 PM
 #291

Is forging a block heavily dependent on FIM balance or have there been changes to the Nxt algo because of the POS Reward?
While the algorithm changed slightly in some places, the outcome is still the same.
The more FIM you have the more blocks you make.
Is forging also dependent on the number of clients you have open? Meaning, if you are logged in with one FIMK account but with multiple browser windows open will this enhance your chance for forging a block?

That would be nice  Cheesy
But no sorry that's not how it works.

 Grin

Btw, why is it that I see my dashboard with a "200" forged balance and after the next block the balance is reset to zero?

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July 02, 2014, 01:37:24 PM
 #292

how long does it take for my balance to become effective to forge after sending to a new secure account (sent from dgex distribution account)
Stakeholders must make an outgoing transaction before block 2880 or they'll
have to wait 1440 blocks before they can forge. Non-stakeholder accounts must
always wait 1440 blocks after their first outgoing transaction
before they can forge.  



Generally (after block 2880), upon receiving funds how long does a genesis account need to wait before those funds are effective balance used for forging?  How long goes a non-genesis account need to wait, generally (after block 2880)?


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July 02, 2014, 01:38:56 PM
 #293

I just wanted to chime in and say that I was able to download, install and run the client on the first try with no problems. Nice interface too. I'm not a coder or programmer and tend to not understand the technical details behind cryptos. As such I had so much trouble with handling the NXT client when it first came out and for the first several months. So the fact that I had no problems getting set up on this brand new crypto says a lot. I'm very impressed. Great job Smiley

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July 02, 2014, 01:39:25 PM
 #294


You are not gonna regret buyin at that price.

FIMK will be really big thing in future!

its just a clone of nxt
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July 02, 2014, 01:45:20 PM
 #295

Btw, why is it that I see my dashboard with a "200" forged balance and after the next block the balance is reset to zero?

Your block is overruled by another block from another forger with a higher difficulty.
There is nothing you can do about that. In very unfortunate situations (depending on your point of view) you could forge many blocks before your client realizes another chain of blocks has a higher difficulty and it will cause all blocks to disappear, thats called being on a fork.

Generally (after block 2880), upon receiving funds how long does a genesis account need to wait before those funds are effective balance used for forging?  How long goes a non-genesis account need to wait, generally (after block 2880)?


The stakeholder advantage will stop after block 2880, you really should make a transaction before that. Or wait 1440 after that block.

I just wanted to chime in and say that I was able to download, install and run the client on the first try with no problems. Nice interface too. I'm not a coder or programmer and tend to not understand the technical details behind cryptos. As such I had so much trouble with handling the NXT client when it first came out and for the first several months. So the fact that I had no problems getting set up on this brand new crypto says a lot. I'm very impressed. Great job Smiley

Thank you, but NXT did pave the road for us.



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July 02, 2014, 01:46:52 PM
 #296

I just wanted to chime in and say that I was able to download, install and run the client on the first try with no problems. Nice interface too. I'm not a coder or programmer and tend to not understand the technical details behind cryptos. As such I had so much trouble with handling the NXT client when it first came out and for the first several months. So the fact that I had no problems getting set up on this brand new crypto says a lot. I'm very impressed. Great job Smiley
Thank you, this means a lot! Thanks to NXT's Wesley for the base of the better web client - which we might however remake extensively in the future as well as deploy a standalone executable client.

Distributing the early block rewards received by the organization's accounts will have to wait somewhat for a less hectic time period. There will be time for that but not now - I just got off phone interview with two major Finnish financial news publishers Wink

         
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xibeijan
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July 02, 2014, 01:46:58 PM
 #297


You are not gonna regret buyin at that price.

FIMK will be really big thing in future!

its just a clone of nxt

Not quite.  A huge fundamental NXT problem is solved by FIM -- NXT has no block reward, but FIM does!!!  This makes a gigantic difference to how things play out and keeps the community highly incentivised.

Overall FIM improves the following.

  • Adds block reward incentive for forging
  • 30 sec block time - makes decentralised asset exchange much faster
  • 0.1 min TX fee - encourages spending with lower TX fees

FIM is a contender and is here to stay.

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July 02, 2014, 01:48:10 PM
 #298

Thanks to NXT's Wesley for the base of the better web client - which we might however remake extensively in the future as well as deploy a standalone executable client.

Great idea.  A QT-based wallet would be very good.

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July 02, 2014, 01:54:18 PM
 #299

I just wanted to chime in and say that I was able to download, install and run the client on the first try with no problems. Nice interface too. I'm not a coder or programmer and tend to not understand the technical details behind cryptos. As such I had so much trouble with handling the NXT client when it first came out and for the first several months. So the fact that I had no problems getting set up on this brand new crypto says a lot. I'm very impressed. Great job Smiley
Thank you, this means a lot! Thanks to NXT's Wesley for the base of the better web client - which we might however remake extensively in the future as well as deploy a standalone executable client.

Distributing the early block rewards received by the organization's accounts will have to wait somewhat for a less hectic time period. There will be time for that but not now - I just got off phone interview with two major Finnish financial news publishers Wink


Those are such a wonderful news. If my guess is correct about the puplishers, we will see lot of newbies here in upcoming days!

Check out Betsikingi
for betting tips and for https://betsikingi.info/vedonlyontibonukset-vedonlyontisivustot and Unibet TV for sports live streaming!
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July 02, 2014, 02:00:11 PM
 #300

Jep it is. But don't forget that the amount of available Fimk is currently 333 million, not 1 billion and during the IPO more than 500 btc have been gathered, so investors won't sell low to have ROI.

It will be interesting to watch how the price develops. With only 333 million available and the reward system giving out coin for forging, there is actually an incentive to buy in early. The forging return is quite nice. Someone should make some calculations.

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