[ANN][FLT] Fluttercoin Ƹ̵̡Ӝ̵̨̄Ʒ | Proof of Transaction 3.0 | Update v0.7.5.22

[zazarb]

I've been having some issues with my wallet

Every time I try to connect the wallet she connects and starts to sync but after a while it crashes and I can t seem to complete the sync before this happens.

Does anyone knows how to fix it?

see above...it's not in full release, we are testing it very well.

--o

Ok thanks, but I'll probably wait until you have fully tested the new version. Unfortunately, because of this bug, I'm not being able to stack :\

understood, to fix it temporarily, in your fluttercoin.conf file add nosmsg=1, and restart client.

hello
where I can find that fluttercoin.config ? have similar problem in  my  old pc with windows xp.
regards
-zz

[1715428706]

1715428706

[1715428706]

1715428706

[1715428706]

1715428706

[ofeefee]

I've been having some issues with my wallet

Every time I try to connect the wallet she connects and starts to sync but after a while it crashes and I can t seem to complete the sync before this happens.

Does anyone knows how to fix it?

see above...it's not in full release, we are testing it very well.

--o

Ok thanks, but I'll probably wait until you have fully tested the new version. Unfortunately, because of this bug, I'm not being able to stack :\

understood, to fix it temporarily, in your fluttercoin.conf file add nosmsg=1, and restart client.

hello
where I can find that fluttercoin.config ? have similar problem in  my  old pc with windows xp.
regards
-zz

Open up explorer, use %appdata% and should see a fluttercoin directory.  In there create fluttercoin.conf and put that line in it.

[TeamFLT]

Has anyone talked to Presstab about getting him to setup one of his custom explorers for FLT??

http://www.presstab.pw/

i sent a message to presstab tonight, going to get this done soon.

[TeamFLT]

A strange thing happened, even yesterday expected time to earn  reward was less then day, but today increase by up 20 day(bearing in mind that in this period around 200k flt become mature)

Yesterday I began testing an updated staking engine on my wallet.  It improves the staking performance by reducing the number of cpu cycles used by the code.  For instance my cpu regularly ran at 50% maxing out a cpu core.  New code runs at 10-20%, and is processing blocks as it should be, diff is much more closer to what the wallet reports.  Before this was incorrect.  So diff is at 24 this morning on PoS.  I am going to try moving some coins around that are really old, and reduce the weight so it can come back down. 

looking at presstab's explorer i see hyperstake is at around 100 diff...not sure what you guys fussing about...j/k, but looking at what happens when you cap blocks and make people try to setup specific blocks for staking can get nasty fast.

So far we have not needed to make an adjustment on capping rewards, or penalizing large blocks.  With the recent staking diff increase, interest dropped to around 10-12% which is the lowest I have ever seen it.  I don't see the need at the moment to continue these discussions, it would be better to not need to hardfork and require people to manage their blocks more than they already want to.

fyi this is ofeefee, we need to get block count up on this account so we can get images on OP again, some new bitcointalk update requirement.

[zakorus]

A strange thing happened, even yesterday expected time to earn  reward was less then day, but today increase by up 20 day(bearing in mind that in this period around 200k flt become mature)

Yesterday I began testing an updated staking engine on my wallet.  It improves the staking performance by reducing the number of cpu cycles used by the code.  For instance my cpu regularly ran at 50% maxing out a cpu core.  New code runs at 10-20%, and is processing blocks as it should be, diff is much more closer to what the wallet reports.  Before this was incorrect.  So diff is at 24 this morning on PoS.  I am going to try moving some coins around that are really old, and reduce the weight so it can come back down. 

It seems has flashed, now by my coin weight >400k expected  time to earn reward is 1 day

[TeamFLT]

A strange thing happened, even yesterday expected time to earn  reward was less then day, but today increase by up 20 day(bearing in mind that in this period around 200k flt become mature)

Yesterday I began testing an updated staking engine on my wallet.  It improves the staking performance by reducing the number of cpu cycles used by the code.  For instance my cpu regularly ran at 50% maxing out a cpu core.  New code runs at 10-20%, and is processing blocks as it should be, diff is much more closer to what the wallet reports.  Before this was incorrect.  So diff is at 24 this morning on PoS.  I am going to try moving some coins around that are really old, and reduce the weight so it can come back down. 

It seems has flashed, now by my coin weight >400k expected  time to earn reward is 1 day

your weight will increase until it starts to match the network and this evens out a bit.  I am moving some old coins around until I get down to around the 90 day old blocks, then may let it work itself out.  But diff is around 12 now, expect this last move to bring it around 8-10 hopefully.

[TeamFLT]

paid .3072 to presstab to get us on his system, which gives some very good statistics, love that site he has.  I paid btc outright, going to absorb some more FLT to cover it...looks like that is about 450k FLT, I may sell 150k of it on the market over the weekend, will see what the wallet looks like after I add it, may just hoard it and shoot for 8million

[ofeefee]

Soomster what are your thoughts.  Force smaller blocks or just truncate the reward at 1000?

Thanks for asking, I really don't know whats the best for the coin. But I know this; "If it ain't broken don't fix it"
I trust you to find the best solution like always. Whatever you do you need to explain it well because few people are as technical as you.
And, don't make any drastic change until July 26 or later! I got 1.1m chunk maturing after 10 days.  

just adding an update here, nothing has been decided yet.

--o

Really?

Two weeks ago the 30 days stake reward was 2.8% and now its 1.2%
I've been staking FLT for over 18 months and never seen 55% drop in rewards in 16 days.
I find this very strange to say the least. Also 100k chunk reports to be ready in 760 days and you wanted us to split it to less than 1000.
Less than 1000 would never sake.

So what is really happening here?

I hacked it!  Coin does split down to 1k, it used to split indefinitely.  I will most likely add an option that checks it's age before split, if it's >xx days old it won't split it, better way of doing it.  Saw this somewhere on another coin, and will add option for you to control this further with RPC calls or in fluttercoin.conf in future.

Diff is way up if you have not checked it.  I made some performance improvements on the staking engine and well they work very well, and a large wallet decided that the blocks it couldn't stake, well now it is processing it better so it's staking more efficiently.  I am working on bringing it back down...but interest is low now, so inflation is low now.  Someone pump it!

--o

[TeamFLT]

thanks soomster, I have 4 clients running .17, ubuntu 14, and win 7,  I do not have any on 8.1, will get some others to try it as well.

I downloaded it again and now it's working 100% have no clue why it didn't work the first time
Thanks!
p.s. staking is now 2.33% is it going down to zero this year? Not long ago monthly staking was over 8%
Is the reason for this that all of the FLT from old Mintpal are now staking?

Soomster - I personnaly considere that % going down is a very good sign - in few ways.  First, it means that a lot of people are staking a lot of blocks, so the network get better.  Then % dropping mean inflation dropping, and for investors it's a good point.  In fact, we had (and still) a discussion within TeamFLT about the annualy PoS reward %.  I think that it should be lowered still, to limit inflation - and attract investors.  Some others think different then me, and it's fine. 

Higher staking % would mean more profit right?
How can lower profit attract investors?
I'm not being negative about these things, just trying to understand them better.

Maybe you mean that more staking = less value of the coin because of the mass of the coins? and then less staking = less coins = coin harder to get and value goes up? 

Yes higher staking % would logically mean more profit.  However, you have to sell that to make the profit, which drives the price down, which limits your profit.  I am trying to stay a little unbiased when looking at the economics on the coin, but I do like high interest, but I do see it as a problem.  Coin is designed to dynamically adjust or in theory adjust based on the supply and demand issue.  For instance, if the price goes to 300 this afternoon, many would move some of their stake to sell, which lowers the blocks participating, which means supply is increased, interest rises, because it has to fill the gap.  When the price is level, or in decline as it is a bit at the moment, everyone just stakes and holds, which lowers the interest and supply.  Now I'm not economics person, so have no idea what the end game will be, ideally it creates a more stable currency with these mechanics.  We are one of the only coins with dynamic interest with this actively happening, others have it, but doesn't happen often.  And others are trying to modify code to FORCE this, but FLT is adjusting as these blocks come in/out of the stake with no special requirements on users to create specifically sized blocks, roll blocks up, lots of block management.

Yes the old MP wallet is creating a large amount of block pressure, this does a few things, like provides a nice wallet that can protect the chain by not being able to be overthrown, and providing PoT on PoS pretty continuously from what I can see.  However, over the next 90 days this balance is being converted to cold storage to protect the coins that are unclaimed.  It's too much responsibility for me to have this in a hot wallet.  Reason for 90 day plan is we are short a few million FLT to restore 100%, so I want to have in the cold wallets 100% so when someone does finally request their coins we can restore them.

Update on this, did some work this morning, about half of the unclaimed addresses were moved to cold storage this morning.  Outstanding is 29 million, coins on hand is 27 million so we are still short even after staking it to try catching this up.

[TeamFLT]

https://chainz.cryptoid.info/flt/# expires in 3 days.  I offer the following.  I just took care of adding us a second explorer on presstab's site for .4 something which should be ready in a few days.  We need to keep this active as well.  I will get one month done, but need some volunteers to cover as well, below is details.

Following is the details.

BTC 1HRYeXvZjGEVF3f3kpiq9aPHGY4k6VBPDn
Hosting rate for this blockhain is currently $10 per month
(approx 0.042 BTC/month with a BTC at $239.9)

If you are willing to volunteer to pay a month at .042, I can reimburse with additional FLT from bounty fund at 60 (70k FLT).  Let me know the BTC transaction and the FLT address you want for the exchange.

--o

[ofeefee]

https://chainz.cryptoid.info/flt/# expires in 3 days.  I offer the following.  I just took care of adding us a second explorer on presstab's site for .4 something which should be ready in a few days.  We need to keep this active as well.  I will get one month done, but need some volunteers to cover as well, below is details.

Following is the details.

BTC 1HRYeXvZjGEVF3f3kpiq9aPHGY4k6VBPDn
Hosting rate for this blockhain is currently $10 per month
(approx 0.042 BTC/month with a BTC at $239.9)

If you are willing to volunteer to pay a month at .042, I can reimburse with additional FLT from bounty fund at 60 (70k FLT).  Let me know the BTC transaction and the FLT address you want for the exchange.

--o

Paid first to cover a month
https://blockchain.info/tx/c76e4c88b02518b822fde3400b994670da80f713cdf2740638780c2454bfd343

[zakorus]

Soomster what are your thoughts.  Force smaller blocks or just truncate the reward at 1000?

Thanks for asking, I really don't know whats the best for the coin. But I know this; "If it ain't broken don't fix it"
I trust you to find the best solution like always. Whatever you do you need to explain it well because few people are as technical as you.
And, don't make any drastic change until July 26 or later! I got 1.1m chunk maturing after 10 days.  

just adding an update here, nothing has been decided yet.

--o

Really?

Two weeks ago the 30 days stake reward was 2.8% and now its 1.2%
I've been staking FLT for over 18 months and never seen 55% drop in rewards in 16 days.
I find this very strange to say the least. Also 100k chunk reports to be ready in 760 days and you wanted us to split it to less than 1000.
Less than 1000 would never sake.

So what is really happening here?

I got first reward from staking  112k - 1360flt within 32day, so its little less 1.2%/30day 

[presstab]

paid .3072 to presstab to get us on his system, which gives some very good statistics, love that site he has.  I paid btc outright, going to absorb some more FLT to cover it...looks like that is about 450k FLT, I may sell 150k of it on the market over the weekend, will see what the wallet looks like after I add it, may just hoard it and shoot for 8million

Up and running flt.presstab.pw

[TeamFLT]

Thanks

[TeamFLT]

5.08 ??

Lowest has been 11% annual stake, it's at 16% currently.

[BitcoinNational]

well i had give up hope
now im like

-----------
http://fluttercointalk.com/ (still active)

[presstab]

5.08 ??

Lowest has been 11% annual stake, it's at 16% currently.

Can you link to the block height of the 5.08%? My guess is that someone had a few inputs all stake at once, thus lowering their percent, but I always like making sure my explorer code is working correctly.

Also concerning the chart. Over long time spans it doesnt grab every single data point. It will return a maximum of 4,000 datapoints, 1,000 of those will be from the most recent blocks and the remaining 3,000 are spread out between the remaining blocks being displayed. So it is possible for my chart not to grab low and high points. I am working on refining the data selection process to make it more robust in the future.

[presstab]

Can you link to the block height of the 5.08%?

http://www.presstab.pw/phpexplorer/FLT/block.php?height=519030

Interesting, it shouldn't be showing any stake rate for a PoW block. I'll have to tweak a few aspects of the explorer code to fix this.

[TeamFLT]

Can you link to the block height of the 5.08%?

http://www.presstab.pw/phpexplorer/FLT/block.php?height=519030

Interesting, it shouldn't be showing any stake rate for a PoW block. I'll have to tweak a few aspects of the explorer code to fix this.

Definitely interesting, right now we are at 15-16% which is probably where it should be, need to expand testing on this new stake code, could be other wallets having restriction performance issues. 

I think kz has new gitian windows build of the new test code.

We are building out release binaries for .18 which fixes the sync issue bug we found a month ago, testing seems to be good on it. Also fixed an import wallet/import key issue with the wallet birthday rescan option that was not working right.

Macos has already been uploaded if someone can test.  Jarrid working on windows gitian builds per our release policy.
https://github.com/ofeefee/fluttercoin/releases

[TeamFLT]

well i had give up hope
now im like

-----------
http://fluttercointalk.com/ (still active)

What you mean?