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Author Topic: [ANN] FIMK: 2.5G POS, extra block rewards, messaging, asset colors, p2p shopping  (Read 178051 times)
FimKrypto
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July 11, 2014, 08:36:24 PM
 #761

And, one more thing: I predict FIMK will have network capable of Transparent Forging before NXT.
NXT is still to concentrated and forging strength of the network is weak (and getting weaker with everyone trying 'offline' storage of NXT...).  FIMK's block rewards is the missing ingredient to a strong and healthy network capable of high transaction rates and TF.
Mark my words, we will get there first.  Wink

Not to ruin your party but I don't think it's realistic to believe that FIMKrypto will have the infamous Transparent Forging feature before NXT does.
As soon as the last part of TF is available and it's desirable for FIM (since we already have 30 second blocks) we will embed that in FIM if the community decides so.

NXT is like a train that continues to push forward and has the large community behind it to develop these low level features (just like Bitcoin developed those before that).
FIMKrypto builds on that strong base and adds value and real-life applications of that technology in Finland and beyond.

We are capable developers but just a few (for now) so we will focus on creating features that offer direct value to end users. You can expect improvements to the client (support for mobile) and lighter features like adding encrypted p2p direct messaging (free/off blockchain) to the protocol.
Implementing/Completing TF is extremely resource intensive and probably not the best use of our resources.





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onlinepro
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July 11, 2014, 08:42:12 PM
 #762

Too big? Are you that kind of bumper dumber guy?
You get in when coin is small and when it gets big you sell and get into some new small coin?
Why is big bad? Hard to make profit?
And what if Fim goes to mainstream, and gets big? Then you will sell it because big is bad?

When I say 'big', I talk not about price or network effect.  I talk about technology and resistance to change.

Bitcoin has too much stationary momentum, and can't (or won't) change direction.  That is what I mean by 'too big'.



Can you tell me what is wrong with Bitcoin that is now fixed in Fim?
I do hope all good for Fim because I'm getting them for free every month since I'm Finn, so don't get me wrong and think I hate Fim, I'm just wondering why you hate Bitcoin.

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July 11, 2014, 08:44:44 PM
 #763

NXT is still too concentrated and forging strength of the network is weak (and getting weaker with everyone trying 'offline' storage of NXT...).

Offline storage doesn't affect forging since you can lease your coins from one account to another.

So, I can run a node on my PC on an account with a very small balance and have my primary balance in "cold storage" (meaning the password is never entered on an online machine) and lease the balance to my id where I run a live node.

FIMK will work the same way, since it is NXT code. I think if any crypto coin is going to go mainstream it needs to be easy to use and highly secure for the average user.
twistelaar
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July 11, 2014, 08:57:56 PM
 #764

price predictions for this coin?
onlinepro
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July 11, 2014, 09:00:05 PM
 #765

Can you tell me what is wrong with Bitcoin that is now fixed in Fim?

10 minute block time makes unsuitable for many types of transactions.

Reliance on outside forces (miner hashing power) to secure the network.  A large enough entity could destroy Bitcoin for comparatively little cost with 51% hashing power.  Have not seen the math recently, but was in tens of millions of USD last I checked.  Would be peanuts if anyone big ever felt seriously threatened by Bitcoin.

Isn't it even easier to 51% attack with Fim?
Wouldn't it be possible right now? Blocks 16191 and 16192 were made by same person...
If some big account buys more Fims it would be very easy to get multiple blocks in row.

price predictions for this coin?

To the moon, buy this with all your money.

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July 11, 2014, 09:29:11 PM
 #766

Isn't it even easier to 51% attack with Fim?
Wouldn't it be possible right now? Blocks 16191 and 16192 were made by same person...
If some big account buys more Fims it would be very easy to get multiple blocks in row.
They would need to buy 325M+ coins.
The price would rise exponentionally as they buy. It would take a hundred or two million USD to accomblish this.


edit: you misunderstand the technology. For a 51% attack they don't need to forge 51% of the blocks, but have to possess 51% of the coins in circulation.

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July 11, 2014, 09:42:29 PM
 #767

It looks like price not gonna rise until FIM-8H5A-3CKW-YW4G-7AW9T unloads. Just sent another 2.4 million to dgex, making it 6.7 million total.
(I don't have a problem with it, just making an observation.)

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July 11, 2014, 10:10:24 PM
 #768

FYI:

I was able to delete my FIMK password from DGEX. Apparently they have a script issue if you try it in Chrome. But, it worked correctly in FireFox.
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July 11, 2014, 10:48:46 PM
 #769

http://www.yibite.com/blog-23482-468.html

introduce FIMK new update
PilotofBTC
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July 11, 2014, 10:54:59 PM
 #770


Any details on how this works. Since it is one way? Is there one channel that the full blockchain will be transmitted on over and over, and another that will just send updates? So, you listen to one, get the full block chain, then listen to the other for updates?
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July 12, 2014, 12:40:14 AM
 #771

FYI:

I was able to delete my FIMK password from DGEX. Apparently they have a script issue if you try it in Chrome. But, it worked correctly in FireFox.


thank you for this info!  i was trying to delete my passphrase multiple times and getting frustrated.  ffox did the trick.

NEM:TAKW34-AZXNNI-HBASDF-M52WT4-FL2QZM-DC434J-PAOV
Primitive
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July 12, 2014, 01:31:54 AM
 #772

Am I on a fork?

I'm stuck 80 blocks behind and dont seem to be catching up.  I just stay 80 behind.  Also my balance and forging are reading higher than the reporting at the Fimk blockchain site

Any thoughts on this behavior?

Thanks

NEM, LSK, STRAT
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July 12, 2014, 01:49:12 AM
 #773

Am I on a fork?

I'm stuck 80 blocks behind and dont seem to be catching up.  I just stay 80 behind.  Also my balance and forging are reading higher than the reporting at the Fimk blockchain site

Any thoughts on this behavior?

Thanks

What was your last block, and what id was the generator?
Primitive
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July 12, 2014, 01:51:28 AM
 #774

it is still generating blocks.  and as i look at it, it is actually catching up, just insanely slowly.  now i'm about 75 blocks behind.  so it gains a block every few mins.  seems like that isnt synching right.  perhaps i'll restart my machine and the console.

im at block 16539 as of this writing, about 75 blocks back.

edit:  16539 ID: 14799672264195579729

i also did a small test transaction to another FIM account i have. that transaction DID show up in the live blockchain, so i think thats a good sign?

NEM, LSK, STRAT
Eliphaz Fimk
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July 12, 2014, 01:54:00 AM
 #775

Any details on how this works. Since it is one way? Is there one channel that the full blockchain will be transmitted on over and over, and another that will just send updates? So, you listen to one, get the full block chain, then listen to the other for updates?
Full blockchain is not going to be transmitted at least not in the test phase that has low bandwidth. Just new transactions after the receiving node has been loaded with the blockchain through another way. How this is going to be synced is the technical partner's cup of tea.

Quote
And if you check their website, http://kryptoradio.koodilehto.fi/, you can see it is mostly for Bitcoin.
Not really. They started with bitcoin which is their major interest technically, so the site was written for that before we came in. But they are tech people less interested in pushing the bitcoin side anywhere. And you know the tech itself isn't just going to be picked up by the benevolent aliens. FIMKrypto on the other hand has great ambitions to push application of the system, so Bitcoin will benefit from our efforts as well.

         
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PilotofBTC
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July 12, 2014, 01:54:55 AM
 #776

it is still generating blocks.  and as i look at it, it is actually catching up, just insanely slowly.  now i'm about 75 blocks behind.  so it gains a block every few mins.  seems like that isnt synching right.  perhaps i'll restart my machine and the console.

im at block 16539 as of this writing, about 75 blocks back.

edit:  16539 ID: 14799672264195579729

i also did a small test transaction to another FIM account i have. that transaction DID show up in the live blockchain, so i think thats a good sign?

Sounds like you are fine. Are you having network issues?

Yea, restarting the server won't hurt.
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July 12, 2014, 01:56:19 AM
 #777

Sounds like you are fine. Are you having network issues?

i hadnt thought so, but perhaps.

Yea, restarting the server won't hurt.

will do.  thanks!

NEM, LSK, STRAT
lovely89
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July 12, 2014, 05:44:06 AM
 #778

FIMK is on coinmarketcap! Just number 366, because it hasn't got the total supply yet. :/

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July 12, 2014, 06:08:39 AM
 #779

FIMK is on coinmarketcap! Just number 366, because it hasn't got the total supply yet. :/
I provided them the right call, the numbers are there now:

38    FIMKrypto    FIMK    € 634.872    € 0.001780    356,659,000 *    € 4.127   
lovely89
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July 12, 2014, 06:57:02 AM
 #780

Thanks, I noticed straight after I posted that the supply was displayed.

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