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Author Topic: [ANN][FLT] Fluttercoin Ƹ̵̡Ӝ̵̨̄Ʒ | Proof of Transaction 3.0 | Update v0.7.5.22  (Read 151651 times)
ofeefee
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September 18, 2014, 03:36:49 AM
 #221

Pos is max 100% min 5%, variable based on number of coins staking.  
Got my first rewards to day!!!
30 days staking and for 550.000 flt I got 45.822 in reward!!
That's 8.33% in one month!! Very nice!!
When I got the rewards I see my coins are splitted in two groups of equal size, if I keep this two 300k chunks in my wallet will staking be lower than if I transfer it to another address in my wallet in one 600k chunk?


think someone posted, but I reviewed the code for this, and it splits them to break the blocks up into smaller blocks so there is 2x as much PoS next time.  In the code there is a time when it doesn't split, and keeps them as a single payout block.  But for now it splits to 4, 8, 16x blocks, etc.  Each block will stake on their own for the interest calculated based on PoS diff.  It is better for the network to keep smaller blocks, think of them as little miners, more miners the better.  You can always recombine them later, just use coin control, grab the coins, and then send them back to yourself when you want them to be a larger block, but anything over 1k is more than enough to stake fast.  I have a few coins on the checkpoint node, and had some blocks of 10 and 1.x staking just fine.  I saw it today, and I rolled them up into a bigger block, lots of flexibility.

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September 18, 2014, 03:53:23 AM
 #222

Pos is max 100% min 5%, variable based on number of coins staking. 
Got my first rewards to day!!!
30 days staking and for 550.000 flt I got 45.822 in reward!!
That's 8.33% in one month!! Very nice!!
When I got the rewards I see my coins are splitted in two groups of equal size, if I keep this two 300k chunks in my wallet will staking be lower than if I transfer it to another address in my wallet in one 600k chunk?


It will probably take you a little more time to stake since you will have two smaller blocks with each a smaller weight on the network. But this won't change the reward(%) you'd get from one big block.

Thx, but will the % af rewards be the same again? 8.33%
What factors rule the % of the rewards?

The % goes down when more coins stay on and participate to the network instead of remaining on the exchanges and forfeit the rewards.

If the % of coins on the network collecting PoS doubles, the % reward will be cut in half.

In order to reach the minimum annual rate, 100% of the coins would have to be collecting the rewards on the network.

These need to be staking often such that the diff would rise substantially enough. For now, enjoy a very nice return on FLT interest just by participating in PoS, it is mining!  And it appears that the idea of having a coin that produces coin on spending, and produces coin to spend isn't such a bad thing.  Need a way to spend more though, if anyone has merchants they can contact about utilizing FLT. 

I am talking with a cloud hasher that you can purchase scrypt and SHA256 lifetime contracts, and select FLT as payout with bonus.

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September 18, 2014, 10:37:46 AM
 #223

Finally some FLT action on Mintpal, big order of 300.000 got eaten. Fly Fluttercoin, Fly Away!
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September 18, 2014, 12:58:47 PM
 #224

Well at this time, buying FLT and staking it is pretty profitable. It help secure the network, and grow your stack a lot (% is high since there is not yet a lot of people staking it).

Some get 8% for a month ! Yet the total supply is not growing fast thank to the destruction process*

*Im not from the tech side - so maybe im misunderstand few things - don't take my word on it !   Wait Ofeefee or Slaxor or Imbecilee words Smiley

+++

Oh and be ready for a nice release and PR push ! 
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September 18, 2014, 02:07:13 PM
 #225

I am looking to sell some stuff for FLT, I would like to build more FLT in my wallet but do not have cash to put into it.

Is there a page for FLT only marketplace?

May be a good idea to create a page for that.

http://flutterfaucet.com/

That should help put some FLT in your wallet.  Good luck.
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September 19, 2014, 12:39:55 AM
 #226

I'm pretty excited to see again Fluttercoin on the top !!

Human
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September 19, 2014, 09:04:08 PM
 #227

I'm pretty excited to see again Fluttercoin on the top !!

Looks pretty good

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September 20, 2014, 02:19:39 AM
 #228

Hey guys !

There is movement in exchanges lately - but still we need more !  Feel free to put some little sell and buy order, daytrade a bit - and hopefully profit from it.

But I would realy suggest you let the minimum in exchanges, and put the remaining of your FLT in stake in your wallet.  The reward is just insane actually - there is probably not a single currency offerening this return - but it won't last.  More people will stake their FLT, less the reward will be - but its a long way to go, and meanwhile.. well u know Smiley

As an exemple, someone putting 100 000 flt in stake will get about 8000 flts the first month !

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September 22, 2014, 05:41:45 PM
 #229

Some action !

And I can confirm most of the buy wasnt from any of us TeamFLT.

Some of you guys?
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September 22, 2014, 07:35:00 PM
 #230

Fluttercoin is surely picking up the pace Smiley
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September 23, 2014, 05:42:57 PM
 #231

Some action now!
Did you see the 2.2btc dump on MintPal? over 3 million flt in one single dump!


Cheap coins! Cheesy
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September 23, 2014, 09:42:36 PM
 #232

ah fresh FLT, love it!  And then I bought back up to 93, yup!

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Phantas
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September 24, 2014, 08:51:39 AM
 #233

Something new about new wallet release time? There still 4.5.11 version.

Merge Mine 5 other Blake 256 coins - 6x your hash power  https://www.blakecoin.org/
soltantgris
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September 24, 2014, 03:04:07 PM
 #234

Something new about new wallet release time? There still 4.5.11 version.


Final testing now.  We have a lot more things to add (and still trying to figure out the best projects to work on next) - but our devs feel the new wallet is a good step forward, so I am.  I'm always asking them if ''this'' and ''that'' is doable, and I'm not the only one to ask Tongue.  They do pretty well - and we will offer nice bountys next week for more FLT projects. 

PS: The wallet is not the 'next' big thing - don't expect to shave yourself with it or to trade at WalStreet or so, but it's right on track with our vision to offer a user friendly tool - and help grow our team.  FlutterShare, imo, is an awesome tool for the entire community.  It's a way to help fluttercoin develpement (on a voluntary basis).  We can't attack huge project without funds.  We can't rely only on donations from 4-5 generous people.  And FlutterShare is the answers to that - and I realy do hope every single wallet user will take advantage of this opportunity.

FlutterSpeed is a service - the only one in crypto as I understand it - allowing a fast blockchain download for new users. 

More to come.

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September 25, 2014, 02:01:51 PM
 #235

NEED HELP.

We need to seek external help to integrate some new graphics in our new wallet.

Thanks !   Faster we integrate it, faster we release it !

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September 25, 2014, 08:09:38 PM
 #236

NEED HELP.

We need to seek external help to integrate some new graphics in our new wallet.

Thanks !   Faster we integrate it, faster we release it !



what kind of help do you need?  do you need graphics made or do you need help coding something in the wallet?
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September 25, 2014, 10:44:20 PM
 #237

Well Ofeefee would be better suited to answers - but we need to know how to integrate graphics.  Look at Silckoin Wallet - it's a good exemple of what we aim overall (not to copy - but to change our graphics from the ''standard'' wallet to something more Flutter Smiley

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September 26, 2014, 08:57:43 PM
 #238

NEED HELP.

We need to seek external help to integrate some new graphics in our new wallet.

Thanks !   Faster we integrate it, faster we release it !



what kind of help do you need?  do you need graphics made or do you need help coding something in the wallet?


It's on the UI front, we have a the same look and feel as most wallets.  We have enough features in .12 that we can move to a more modern interface.  Silk is a good example of what we are looking for, but done in FLT coloring, and doesn't have to be silk, could be a new idea. 

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September 27, 2014, 12:34:50 AM
 #239

Got in touch with a designer - will update soon Smiley

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September 27, 2014, 03:14:40 PM
 #240

Mister, you may have older version still installed - or some others possibility. The new wallet will be out there next week (already being tested by community atm), but still I would kindly suggest you join me with Skype - i'll get you in touch with our devs. I know how frustrating it is to have such problems - and i don't you to miss the opportunity to get rewared for staking.

Skype : soltantgris.

See ya
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