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Author Topic: [ANN] FIMK: 2.5G POS, extra block rewards, messaging, asset colors, p2p shopping  (Read 162254 times)
Primitive
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July 07, 2014, 06:33:35 PM
 #661

Made a Facebook Fanpage @ https://www.facebook.com/FIMKrypto

Nice work. Would you consider transferring access rights to Krypto FIN ry. for us to effectively be able to use the particular account for promotion, announcements and related things please?

Sure

Yes, I think it could cause confusion if this Facebook page is not maintained by the Devs (because of the exact fb url /Fimkrypto)

NEM, LSK, STRAT
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July 07, 2014, 07:00:05 PM
 #662

I'm not really understanding you.

For me it is easy to think like that:
We all received 300,000,000 coins in amounts according to our stakes.

170,000,000 addition will be given to us in the first year.

And amounts of these additions will have the same proportions as our initial stakes.

You payed for 30,000 coins initially - you will receive 17,000 at the end of the year.
You payed for 3,000,000 coins - you will receive 1,700,000 at the end of the year.

That's true under the assumption that all coins are forging 24/7 the whole year (and we now that there is ~20M in accounts owned by the developers, not sure if they are forging). We know that from 1-10-2014 onward 100 FIMK/month will be distributed to Finnish citizens who have opted-in (if it turns out a major success the funds (313M) will be deplete very quickly, 5 400 000 people in Finland, ~83% = 15+, if 5% opt-in, ~22M/month as basic income), this alters the rate also.

Currently sampling the growth rate, which till now is much higher (from my perspective at least)...  Wink
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July 07, 2014, 07:10:45 PM
 #663

I'm not really understanding you.

For me it is easy to think like that:
We all received 300,000,000 coins in amounts according to our stakes.

170,000,000 addition will be given to us in the first year.

And amounts of these additions will have the same proportions as our initial stakes.

You payed for 30,000 coins initially - you will receive 17,000 at the end of the year.
You payed for 3,000,000 coins - you will receive 1,700,000 at the end of the year.

That's true under the assumption that all coins are forging 24/7 the whole year (and we now that there is ~20M in accounts owned by the developers, not sure if they are forging). We know that from 1-10-2014 onward 100 FIMK/month will be distributed to Finnish citizens who have opted-in (if it turns out a major success the funds (313M) will be deplete very quickly, 5 400 000 people in Finland, ~83% = 15+, if 5% opt-in, ~22M/month as basic income), this alters the rate also.

Currently sampling the growth rate, which till now is much higher (from my perspective at least)...  Wink

Yes, my model is simplified.
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July 07, 2014, 07:18:27 PM
 #664


No worries I'm not here to argue, not at all. It's more like I'm trying to get my head around how this works. I did correct my calculation so that the initial distribution is half of the total as it is in FIMK https://bitcointalk.org/index.php?topic=633304.msg7721274#msg7721274
But I will take the facepalm if I'm wrong Cheesy

Now I see where are you wrong.
There is no 1% interest.
There is only 200 fimk per block (plus transaction fees).

So 1st day A received 1 coin because he owns 0.1%
And the 2nd and all others days he will be receiving 1 coin because he still owns 0.1%

B will be receiving his 100 each day respectively.
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July 07, 2014, 07:33:50 PM
 #665

What about creating or being added to a pool? I mean not a multipool, but something like nxtio.org
So that holders who can't have their computers be turned on 24/7 will be still receiving rewards?
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July 07, 2014, 07:57:07 PM
 #666

Someone with good math, please do a simple form (excel or what ever) where you can enter your balance and it will give you the average first year forged amount. Assuming all the available coins are forging (not devs reserve coins). Would be useful!

BTC 1Mye3mqB9WQdCj3uFwx6zcRArnzbUiq6Ro  ★ [NXT] NXT-RA49-RXFR-V6WE-97HT9
★ [ORA] LOGO  ★ [NEM] LOGO  ★ [NXT] MONOLITH  ★ [EXO] LOGO  ★ [FIMK] LOGO  ★ [NODE] LOGO
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July 07, 2014, 08:04:41 PM
 #667

Someone with good math, please do a simple form (excel or what ever) where you can enter your balance and it will give you the average first year forged amount. Assuming all the available coins are forging (not devs reserve coins). Would be useful!
forged = 200 * 2880 * 365 * balance / 333000000
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July 07, 2014, 08:07:09 PM
 #668

Someone with good math, please do a simple form (excel or what ever) where you can enter your balance and it will give you the average first year forged amount. Assuming all the available coins are forging (not devs reserve coins). Would be useful!

I already have made such a form (excel sheet), very simple model, for 308 days all coins are forging, new coins distributed as rewards and as basic income and not being taken nto consideration (would be a nice add on..):

https://docs.google.com/spreadsheets/d/1UlwziOljobc3ro9p-Cdr6YsqCiwvoTQsWHsQWE-3HSc/edit?usp=sharing
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July 07, 2014, 08:22:25 PM
 #669

Faucet at http://jaft.tk/faucet
Finnish language faucet: http://jaft.tk/faucet/fin
FIMK number game: http://jaft.tk/numbergame

And a new simple automated exchange is being developed at http://jaft.tk

-From an unofficial FIMK developer
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July 07, 2014, 08:31:01 PM
 #670


Fantastic! Thanks. So basically roughly around 500 days anyone forging with any amount would double her/his initial stake.
And I was wrong originally, you can not calculate it as interest so it is not cumulative in that sense. Facepalm, let me have it Grin

BTC 1Mye3mqB9WQdCj3uFwx6zcRArnzbUiq6Ro  ★ [NXT] NXT-RA49-RXFR-V6WE-97HT9
★ [ORA] LOGO  ★ [NEM] LOGO  ★ [NXT] MONOLITH  ★ [EXO] LOGO  ★ [FIMK] LOGO  ★ [NODE] LOGO
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July 07, 2014, 09:54:13 PM
 #671

Fantastic! Thanks. So basically roughly around 500 days anyone forging with any amount would double her/his initial stake.
And I was wrong originally, you can not calculate it as interest so it is not cumulative in that sense. Facepalm, let me have it Grin

I think it's a fair 1st-order approximation, but a more precise model would take into account the total number of coins forging (which is growing as they are rewarded) and also after about 90 days the basic income distribution will start, and we can only guess at how popular this will be.

Is there some way the number of coins which are forging can be deduced in (semi) real-time?
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July 07, 2014, 10:43:01 PM
 #672

A possible bug report - when using hosted FIMK to forge, and logging out then in again, I see "not forging" (I do see new forged amounts).
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July 08, 2014, 06:16:12 AM
 #673


Fantastic! Thanks. So basically roughly around 500 days anyone forging with any amount would double her/his initial stake.
And I was wrong originally, you can not calculate it as interest so it is not cumulative in that sense. Facepalm, let me have it Grin
It can't be 500 days. This spreadsheet is wrong. Smiley

Quote
   • 333,14 million FIMK distributed to stakeholders (you can be one) by Jul 1st 2014

    • 333,72 million FIMK distributed as block rewards during ~4 years after launch

FORGER_FEE_STAGE 1: 200 (DAY 0 to DAY 308)
FORGER_FEE_STAGE 2: 100 (DAY 309 to DAY 618)
FORGER_FEE_STAGE 3: 50 (DAY 619 to DAY 928)
FORGER_FEE_STAGE 4: 25 (DAY 929 to DAY 1238)

TOTAL FEE STAGE 1 177984000
TOTAL FEE STAGE 2 88992000
TOTAL FEE STAGE 3 44496000
TOTAL FEE STAGE 4 22248000
So, if not talking about citizens distribution, amount will _double_ only after 1238 days.
But, after 308 days amount will be multiplied by (333+178)/333=1.53
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July 08, 2014, 08:17:36 AM
 #674

So, if not talking about citizens distribution, amount will _double_ only after 1238 days.
But, after 308 days amount will be multiplied by (333+178)/333=1.53

Yes, true. I made this visible in a second sheet (first 308 days only), which can be found here:
https://docs.google.com/spreadsheets/d/1n5kEzl2iejum6n8euqaAqVtXa5KSXdQGChsiT1ypl_c/edit?usp=sharing
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July 08, 2014, 08:24:28 AM
 #675

Made a Facebook Fanpage @ https://www.facebook.com/FIMKrypto

Nice work. Would you consider transferring access rights to Krypto FIN ry. for us to effectively be able to use the particular account for promotion, announcements and related things please?

I have followed it in Facebook Grin
qora dan
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July 08, 2014, 09:04:53 AM
 #676

I have a challenge for the FIMK community. A friend of mine and his wife are going cycle from London to Paris on the 5th - 8th August to raise funds for a charity. Their goal is to raise £3000 in 28 days until the event. You can read more about their cause here http://bike4youth.tumblr.com/cause

Neither of them are cyclist so this is quite a challenge for them and I really want to help them out as much as I can therefore I have set up a donations account below and will donate 100,000 FIMK to their cause now and until the 5th of August all the FIMK I forge.

I made a few calculations and at the current BTC and FIMK rates £3000 translates to roughly 1,700,000 FIMK. That 's not too much to ask and seeing as this is a new crytpo and the forging working brilliantly, I think something great to get involved in.

I also propose that all the donations received over £3000 stay in the donations account to keep forging and then monthly we donate what's forged to the same or other charities.

Lets get donating to

FIM-8HX6-YR69-FQ6W-5MGNX

**** NB All distributions will be documented and there will always be clear visibility as to when the money is donated to the charities.***

FIM-8HX6-YR69-FQ6W-5MGNX
qora dan
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July 08, 2014, 09:15:00 AM
 #677

100,000 donation made to FIM-8HX6-YR69-FQ6W-5MGNX


FIM-8HX6-YR69-FQ6W-5MGNX
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July 08, 2014, 10:25:18 AM
 #678

I have a challenge for the FIMK community. A friend of mine and his wife are going cycle from London to Paris on the 5th - 8th August to raise funds for a charity. Their goal is to raise £3000 in 28 days until the event. You can read more about their cause here http://bike4youth.tumblr.com/cause

Neither of them are cyclist so this is quite a challenge for them and I really want to help them out as much as I can therefore I have set up a donations account below and will donate 100,000 FIMK to their cause now and until the 5th of August all the FIMK I forge.

I made a few calculations and at the current BTC and FIMK rates £3000 translates to roughly 1,700,000 FIMK. That 's not too much to ask and seeing as this is a new crytpo and the forging working brilliantly, I think something great to get involved in.

I also propose that all the donations received over £3000 stay in the donations account to keep forging and then monthly we donate what's forged to the same or other charities.

Lets get donating to

FIM-8HX6-YR69-FQ6W-5MGNX

**** NB All distributions will be documented and there will always be clear visibility as to when the money is donated to the charities.***


Bullshit gtfo with your scam. I can set up a website + story in few minutes create a new address send 100k to it and let it look like its legit. After the time runs out Im gonna disappear with the donations, bye.

y1.
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July 08, 2014, 10:43:05 AM
 #679

Waiting some good news  Grin!

Check out Betsikingi
for betting tips and for https://betsikingi.info/vedonlyontibonukset-vedonlyontisivustot and Unibet TV for sports live streaming!
qora dan
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July 08, 2014, 10:51:40 AM
 #680

I have a challenge for the FIMK community. A friend of mine and his wife are going cycle from London to Paris on the 5th - 8th August to raise funds for a charity. Their goal is to raise £3000 in 28 days until the event. You can read more about their cause here http://bike4youth.tumblr.com/cause

Neither of them are cyclist so this is quite a challenge for them and I really want to help them out as much as I can therefore I have set up a donations account below and will donate 100,000 FIMK to their cause now and until the 5th of August all the FIMK I forge.

I made a few calculations and at the current BTC and FIMK rates £3000 translates to roughly 1,700,000 FIMK. That 's not too much to ask and seeing as this is a new crytpo and the forging working brilliantly, I think something great to get involved in.

I also propose that all the donations received over £3000 stay in the donations account to keep forging and then monthly we donate what's forged to the same or other charities.

Lets get donating to

FIM-8HX6-YR69-FQ6W-5MGNX

**** NB All distributions will be documented and there will always be clear visibility as to when the money is donated to the charities.***


Bullshit gtfo with your scam. I can set up a website + story in few minutes create a new address send 100k to it and let it look like its legit. After the time runs out Im gonna disappear with the donations, bye.

No need to be rude mate and before you call it a scam did you even bother to click on any one of the links to see which charity is supported. Since you claim it so easy to set up a scam maybe your the one with the people should be aware of.

FIM-8HX6-YR69-FQ6W-5MGNX
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