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Author Topic: [ANN][FLT] Fluttercoin Ƹ̵̡Ӝ̵̨̄Ʒ | Proof of Transaction 3.0 | Update v0.7.5.21  (Read 126300 times)
soltantgris
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December 06, 2014, 04:28:55 PM
 #501

(x) FlutterShare
(x) FlutterSpeed
(x) Encrypted Messaging
(x) Coin Control
(x) Proof-Of-Transaction
(x) Proof-Of-Stake
(x) Proof-Of-Work

I would open (one more time) a discussion around changing some reward (PoS, PoT, PoW) - to make sure we have the best balanced and secure coin out there, and be ready for the next huge BTC ride. Already discussing it in the Skype Group - but maybe and outside point of view would help.

Ofeefee, you know i'm not on the technical stuff, but would it be possible to set an ''auto-update'' feature into the wallet, or at least an automatic alert when a new release is out there ?   Maybe something around the new messaging system ?   So it would allow some security if ever as a group we chose to hard fork to create the best balanced coin. I know flutter is already one of the most secure coin with it's triple-hybrid structure, but I feel that PoT is way underestimated. Still think it's, by far, the best innovation in cryptos since PeerCoin PoS creation. So, what you guys think ?

Oh and for those persons outside the skype group, it's been some discussion around an anonymous transaction feature - we have options, but some of us don't think it's something worth it at the moment. Maybe there too an outside point of view would'nt hurt.


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December 06, 2014, 05:36:42 PM
 #502

(x) FlutterShare
(x) FlutterSpeed
(x) Encrypted Messaging
(x) Coin Control
(x) Proof-Of-Transaction
(x) Proof-Of-Stake
(x) Proof-Of-Work

I would open (one more time) a discussion around changing some reward (PoS, PoT, PoW) - to make sure we have the best balanced and secure coin out there, and be ready for the next huge BTC ride. Already discussing it in the Skype Group - but maybe and outside point of view would help.

Ofeefee, you know i'm not on the technical stuff, but would it be possible to set an ''auto-update'' feature into the wallet, or at least an automatic alert when a new release is out there ?   Maybe something around the new messaging system ?   So it would allow some security if ever as a group we chose to hard fork to create the best balanced coin. I know flutter is already one of the most secure coin with it's triple-hybrid structure, but I feel that PoT is way underestimated. Still think it's, by far, the best innovation in cryptos since PeerCoin PoS creation. So, what you guys think ?

Oh and for those persons outside the skype group, it's been some discussion around an anonymous transaction feature - we have options, but some of us don't think it's something worth it at the moment. Maybe there too an outside point of view would'nt hurt.


We already have the update notice in .12 release, I have not updated it to .14 because I am waiting on the macosx build.  It will popup telling you there is an update.

Pow halves at 320k+ or so to 10 and pot goes to .5, this needs to be adjusted in my opinion.  Pos is dynamic, and will adjust with more blocks participating.  I have an idea to help with this over the next few months, my plan doesn't require a hard fork. Pow changes do, but we give enough time everyone should have ample update time.

I don't necessarily like the 30 day stake but as of now I have coins staking every day so if I need to spend its easy to do so.  When you reduce the maturity window this increases the blocks competing for stake and can get to be a perceived problem.  For instance, I have a coin, with a 9 day maturity, and I have some blocks that are taking 40+ days to stake them.  They also have a max pos reward of 1000 so you have to keep small blocks if you want max reward which compounds the issue.  There diff is pretty high because of this.  So just because you have a low maturity window doesn't mean you are compounding every xx days, many times it goes much longer.

Note that once the pos reward starts to fall, the pow and pos difference will be smaller, so maybe focusing on pow problem, if it is?  Maybe just make pot a higher percentage of pow and not worry about the pow reward.  Unless we are going to go the doge route and make pow 10 reward forever which keeps new coins coming into the market, and a way too mine it continuously.  Or come up with another value, but I do know that I've heard pow reward of 10 for a coin of 220million, but most pow/pos coins stop pow completely, and pow coins halve for the most part.  I like you can stake and mine, much more at the moment from pos but hoping this will reduce some in the near future.

Just some ideas of mine, be interested to hear from others flt holders on their experiences with flt.

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December 06, 2014, 05:45:36 PM
 #503

One more thing is pot booster, basically fluttershare to pot reward.  If you hit pos and pot code finds a match it will share some of your reward boosting pot.  Edit--this would be optionally enabled by the wallet user.

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December 06, 2014, 07:09:13 PM
 #504

Why can't we make it automatic ?   I mean it's like reducing a bit PoS reward to increase PoT occurence, right ?   At this moment PoS is still very hight, and PoT very low, so why making it optionnal at all ?   We explain it, we set a serious Vote on it, and majority chose ?   We all want flutter to be a success, but honestly, I would not make it optional - since so few are realy donating - and we cant rely on a handfull of persons to feed PoT from their pockets.

Imo we need to have a currency that exist by itself, not relying on people good will.

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December 06, 2014, 07:13:53 PM
 #505

Kdioby pointed me out that it would be great to have 2FA security. I do not remember if it was doable ?

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December 06, 2014, 08:28:34 PM
 #506

Kdioby pointed me out that it would be great to have 2FA security. I do not remember if it was doable ?

I don't know how to do that yet, it is doable.

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December 06, 2014, 08:54:15 PM
 #507

Why can't we make it automatic ?   I mean it's like reducing a bit PoS reward to increase PoT occurence, right ?   At this moment PoS is still very hight, and PoT very low, so why making it optionnal at all ?   We explain it, we set a serious Vote on it, and majority chose ?   We all want flutter to be a success, but honestly, I would not make it optional - since so few are realy donating - and we cant rely on a handfull of persons to feed PoT from their pockets.

Imo we need to have a currency that exist by itself, not relying on people good will.

Learned a lot about some things...you can force this in code to run pot and payout some of their stake. but someone is going to remove this code and recompile without it. Because unless you build it in as a requirement in the chain, meaning you have a security check, nothing is stopping someone from bypassing it.

For instance I can compile a piece of code that if I hit pow it generates me a million flt. Easy to do. The reason you can't do this is the rest of the network checks this to verify that it's not right and rejects it.

I think having a few wallets designed with this in mind would be ideal, meaning, we create a few 1million flt wallets, all for the sole purpose of bounty and staking for pot. It would be unique in crypto, a coin that rewards based on generosity of the holders. What if you had the option to pay it forward a bit...and not be required to do so.

Additionally right now I'm not sure how to get pot code to generate me an address for me to optionally much less forcefully donate, but it is something I would like.

Right now it's 5% pot on pow block, how coin was designed. We could increase pow to 100 and this goes to 5, or set it so when pot hits it's 80% or some value, or maybe make it generate some random percentage based on a value in the block.

Fixed values are easier but random has some variance which makes it feel not so static.


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December 07, 2014, 02:10:00 AM
 #508

uploading MacOSX v0.7.5.14 and will update the client update check, if you are running v0.7.5.12 on next launch it should inform you to download update.

Thanks,
--o

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December 09, 2014, 04:18:48 AM
 #509

anyone got flt temp tatoos yet?  my daughter saw our fluttergirl and now she wants one!

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December 09, 2014, 02:56:15 PM
 #510

I like the tatoo idea, my daugther would enjoy it !

Meanwhile, have a look at Shawn short article-presentation here : http://fluttercoin.us/new-and-exciting-changes-to-the-fluttercoin-wallet/

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December 09, 2014, 07:51:16 PM
 #511

Oy Oy Oy !

Derek (Ofeefee) may have discover a way to PoT out of PoS Smiley

Would be an amazing breakthrough !!!  As of now, PoT is produced by PoW.   It limit it a lot, and before today, we had no sexy solution to increase PoT without jeopardizing the entire balance.  Derek just told us on skype that he may discovered a way to reward PoT on top of PoS !

Gentlemen, start your engine !&&(%?(*#&#&&!

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December 10, 2014, 04:55:49 AM
 #512

Oy Oy Oy !

Derek (Ofeefee) may have discover a way to PoT out of PoS Smiley

Would be an amazing breakthrough !!!  As of now, PoT is produced by PoW.   It limit it a lot, and before today, we had no sexy solution to increase PoT without jeopardizing the entire balance.  Derek just told us on skype that he may discovered a way to reward PoT on top of PoS !

Gentlemen, start your engine !&&(%?(*#&#&&!

I got some of the math messed up on where I pulled the 5% reward from (pulled from entire block rather than just reward), but here was the block with the PoT code being run, just forced output to a spare address in the bounty fund while testing.  I have it offline at the moment, need to fix the reward calculation, and need some transaction mods, my transaction table recorded strange activity, but restart of wallet showed proper values, so the wallet data was correct, just how it was reflected in gui.  Finished up completion of the fluttershare mods so min/max gets saved to wallet, testing this further, got all the wallets online next few days.

https://chainz.cryptoid.info/flt/tx.dws?af0300442854f3f415b6f05754973b360d2249d02367b55235192cbc1a03e2bd.htm

--o

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December 10, 2014, 05:50:56 AM
 #513

slax0r found an issue in makefile.linux which was preventing a compile.  Forgot to include the messaging objects for these, we build using gitian, but many of you source guys need this!  Pull latest from github, should get you going.

Thanks slax0r
--o

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December 10, 2014, 03:39:43 PM
 #514

You speak English.  I KNOW it is English.  My English is enough good to understand.  Still.  I.  Understand.  Fuckall.

But hey, look promising no ?

Tongue

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December 11, 2014, 01:20:12 PM
 #515

 withdraw your    deliver it to right people   And they know and understand

★☆★☆★☆
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December 12, 2014, 05:52:30 AM
 #516

I've updated my FlutterShare to 25%!

Fixed a bug in blockbrowser which caused client crash, added a stake splitting option so you can customize your blocks, updated all the coin control enhancements recently added, and added a return change to the sender address, available on github if you want the latest.

FYI, there is an issue when splitting blocks where the fee is not calculated properly on larger splits.  I tested trying to split a block into 50 smaller chunks, and ran into the issue.  My solution at the moment is to select the blocks i wanted to split, set my split blocks, check return change, and send less than original.  Another option is to use less # of splits.

What is happening here is coin control is estimating the size of the block and the amount of the fee, and then you copy after fee, but then you output it to a bunch of outputs which increases the fee.

For instance, i select 12k of blocks to split, check return change, select 10 blocks, and set my address to send the split to (has to be one in the wallet), set amount to 11k and send.  This will generate 10 blocks ~1100, and another block about 900 or so.

--o

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December 13, 2014, 02:09:09 PM
 #517

IMPORTANT - MINTPAL COINS UPDATE

Good morning flutters,

After near a month, the ''send back'' process is a success so far. We receive a lot of very nice comments - it's a pleasure for us.

But more than half mintpal coins have yet to be sent back, and we can now stake those remaining coins and get a solid reward. So what to do with this reward (and the next one) ?

What we propose is:

- Use any staking reward to pay back the 8.95% deduction we had to apply on each balance, starting with the first email we got and so on. We won't have enought to pay everyone's 8.95% at first, but we suspect that we will be able with future staking reward. So, each of us will get 100% of their FLTs back !

- Meanwhile, Ofeefee will split the block a lot to try to decrease PoS interest rate and secure the entire network (he will explain better for sure).

- When people will be fully reimboursed, we would send further staking reward to the bounty fund, allowing us to hire more people, developpe some projects and so.

+++++

All this is not yet ''official'', because we need first to see how much flutters the staking will reward, and too we need you guys approval. It's not our coins, so any decision have to get a general approval.

Thanks.

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December 13, 2014, 02:28:38 PM
 #518

Why are there still coins left?
 Because they have not responded to the email request. If you had mpv1 coins and not received an email, check your spam filter boxes.

I like this idea, one more way to get everyone to 100%.

--o

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December 13, 2014, 02:53:18 PM
 #519

People have had time to get their coins back. If they haven't done so, I think it's fair to compensate those who are still around and interested Smiley
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December 13, 2014, 03:19:25 PM
 #520

People have had time to get their coins back. If they haven't done so, I think it's fair to compensate those who are still around and interested Smiley

+1

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