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

[almightyruler]

Is there a bootstrap available? Can't see any mention in the OP or first page. Thanks.

[1713861433]

1713861433

[1713861433]

1713861433

[HarryPorter]

Is there a bootstrap available? Can't see any mention in the OP or first page. Thanks.

Just made copy of actual chain, up to block no. 1280836  (24/10/2017), peers file included - if someone need sync. fast.
link: https://mega.nz/#!uJEUGLyJ!ItZWyYGChkufcRmSGBu3w8dyRbxQI7SnX25kDmTmKg0

[CryptoJohn]

I invested in Fluttercoin, the Proof of Transaction (PoT) mechanism seems unique and different than other coins. And I tend to gravitate to coins with established operating histories that are in recovery. How many shares of FLT must an investor hold in order to obtain consistent staking payments perhaps daily or two or three times weekly?

Based on my experience with other crypto currency blockchains, I am guessing an investor will need to own at least 0.1% of the outstanding shares or 330K shares.

Btw I noticed the Fluttercoin link at coinmarketcap has two issues https://coinmarketcap.com/currencies/fluttercoin/

1. There is no link to the BCT thread
2. There is no link to a Fluttercoin website.  

And there is no dedicated page on coingecko https://www.coingecko.com/coins/search?utf8=✓&query=FLT&button=

Im in this boat as well. PoT is unique but you have to pull everything together.

2018 is the year of the alts but it will only happen for projects that are ready for the big time.

[TraderInc]

The specs look good 

Is the website for this coin not working ?

[foxy]

The specs look good 

Is the website for this coin not working ?

Yea their website (http://www.fluttercoin.me) is not working for me as well always keeps giving me some sort of connection error.

[TraderInc]

The specs look good 

Is the website for this coin not working ?

Yea their website (http://www.fluttercoin.me) is not working for me as well always keeps giving me some sort of connection error.

Thanks. Hopefully they will fix soon. I am very interested in learning more about this coin. I usually like to see the white paper on the official websites.

[foxy]

The specs look good 

Is the website for this coin not working ?

Yea their website (http://www.fluttercoin.me) is not working for me as well always keeps giving me some sort of connection error.

Thanks. Hopefully they will fix soon. I am very interested in learning more about this coin. I usually like to see the white paper on the official websites.

Just checked their website again and it's working now so if you still wish to learn more about the coin you can check it out now http://www.fluttercoin.me

[TraderInc]

The specs look good 

Is the website for this coin not working ?

Yea their website (http://www.fluttercoin.me) is not working for me as well always keeps giving me some sort of connection error.

Thanks. Hopefully they will fix soon. I am very interested in learning more about this coin. I usually like to see the white paper on the official websites.

Just checked their website again and it's working now so if you still wish to learn more about the coin you can check it out now http://www.fluttercoin.me

Yes. Looks very inviting too hah.

[Ragarg]

Hello FLUTTER team,

I'm happy to announce that your coin has been listed to ItalYiiMP 2.0 for mining,

to get paid in FLT just set c=FLT as password in your configuration.

As an additional service, the explorer is available at the address http://italyiimp.com/explorer

visit http://italyiimp.com.

best regards.

Ragarg.

[turtledovestorm]

So if you would buy some tokens right now, do they stay on that website or can we download a wallet somewhere and send it there immediately?

[(No subject)]

So if you would buy some tokens right now, do they stay on that website or can we download a wallet somewhere and send it there immediately?

Flutercoin  has a fully functional wallet(check OP or browse post history) from which can be sent anytime, anywhere.

[xiaobei]

Is there any developer protection for this project? Basically already dead?

[TeamFLT]

A few updates, discussions happening over in discord...
    Discord channel is up - https://discord.gg/YkCEYER

Testnet Up
We have activated testnet and put some clients on it.  This will allow us to test changes without impacting the main chain which is running stable as it always has.

Explorer - http://flt.presstab.pw/

Regards,
--ofeefee  (fyi my personal account is locked for some reason, will update as I can)

[TeamFLT]

seed node has been updated, should allow sync without any addnodes!

--o

[HarryPorter]

Is there any developer protection for this project? Basically already dead?

looks like there is, but I would recommend to join Discord channel to find out for sure.

[semiwylson]

has this project masternodes?

[TeamFLT]

has this project masternodes?

no masternodes at this time, we are a hybrid coin, PoW (work), PoS (stake), and PoT (reward potential for transacting)

I do like the masternode idea, but would require a complete coin code change or to bring in masternode functionality.  We are discussing these options in discord now on which directions to go.  PoT is unique to fluttercoin, it's the only coin to do so using PoW and PoS.

Here is the whitepaper for this technology...
http://fluttercoin.me/specifications/

[TeamFLT]

2018 roadmap is being worked on a few things to think about.

We are approaching 410million Fluttercoin.  I don't want this to exceed 500million Fluttercoin overall so steps need to be taken to reduce the inflation rate.

To identify issues with this the following is currently happening:

Proof of Work is 1FLT now after halving, Proof of Transaction is now 5%of this or .05FLT.  This is pretty useless reward, I'm not sure why there's hashrate toward it.

Proof of Stake fluctuates between 100% - 5%.  Many times this is at 100% which explains the inflation issues.  When the coin was created it was supposed to be 5% (notes say at least 5% which it is I guess).  PoT pays 5% now on the PoS block as well which will have a random reward depending on the stake reward.

Couple of things i am thinking of...
  Leave PoW at 1FLT for now, but phase out PoW, it could be used as a vulnerability if someone wanted to throw a large amount of hashrate at it.

  Reduce Proof of Stake top end reward with the following options
    option 1 - top end halve with the blocks, so 100%, 50%, 25%, 10%, 5%  (at the 5% level and 410million that's another 20million coins yearly.  However, there's possibly not all coins are staking.
    option 2 - set a flat reward of 20FLT, PoT would then be 1FLT when it hits.  With about 1000blocks on average, should be about 720ish, that's 7million per year or 1.7% inflation.

Also we are considering lowering the stake minimum age, right now this is 30days.  Reducing this to 12hours or 24 hours with weight adjustment.  Then we would increase blocks staking on the network, which would help for times when the diff is high and blocks do not get found often.  More blocks, more steady staking.

--o

[mo]

2018 roadmap is being worked on a few things to think about.

We are approaching 410million Fluttercoin.  I don't want this to exceed 500million Fluttercoin overall so steps need to be taken to reduce the inflation rate.

To identify issues with this the following is currently happening:

Proof of Work is 1FLT now after halving, Proof of Transaction is now 5%of this or .05FLT.  This is pretty useless reward, I'm not sure why there's hashrate toward it.

Proof of Stake fluctuates between 100% - 5%.  Many times this is at 100% which explains the inflation issues.  When the coin was created it was supposed to be 5% (notes say at least 5% which it is I guess).  PoT pays 5% now on the PoS block as well which will have a random reward depending on the stake reward.

Couple of things i am thinking of...
  Leave PoW at 1FLT for now, but phase out PoW, it could be used as a vulnerability if someone wanted to throw a large amount of hashrate at it.

  Reduce Proof of Stake top end reward with the following options
    option 1 - top end halve with the blocks, so 100%, 50%, 25%, 10%, 5%  (at the 5% level and 410million that's another 20million coins yearly.  However, there's possibly not all coins are staking.
    option 2 - set a flat reward of 20FLT, PoT would then be 1FLT when it hits.  With about 1000blocks on average, should be about 720ish, that's 7million per year or 1.7% inflation.

Also we are considering lowering the stake minimum age, right now this is 30days.  Reducing this to 12hours or 24 hours with weight adjustment.  Then we would increase blocks staking on the network, which would help for times when the diff is high and blocks do not get found often.  More blocks, more steady staking.

I am also considering moving to a masternode code base, this is not decided yet, but I like the concept a lot.  Discussion around this would be setting masternodes to 100k requirement.  This would allow 4100 mns if max nodes were running.  Dash runs 4099 currently, and we would have additional FLT being added so people could still enter.  Doing this would be no easy task, and much likely will require a coinswap to the new chain.   Other coins have done this, but I will weigh it carefully if we can just do it within our existing client possibly in stages.

--o

Good news, the prices are cheap now

[wangxiaoyan600]

As an early investor, I am very happy to see that Fluttercoin project is still alive. The promotion in recent years has gained some market recognition. Next year's roadmap is also being planned and implemented step by step.