Re: [ANN] TEKcoin PoS/PoW on Cryptsy! 30 days 40% interest!
Regarding the stake algo. This is an inflation control method. Many coins use this same thing to lower the yearly interest as the number of coins and the amount of stake increases. Without such a control in place, the coin would be subject to run away inflation. Look what happened to CENT.
So, how does PHS handles it, since it is not NVCS?TEK needs some liquidity on both sides of the order books. Price is at 55000 satoshis but no buy orders over 1000 coins til you get to 20000 satoshi range.
StakeHunter's pledge: selling 25% of stake every month to ensure liquidity. I plan to do it, once I get my first stake (and I probably will buy MRO with it).Nah, what we really need is merchants. This coin has long term potential, not just an exchange dump. Though it is pretty good for that, since everybody wants it 
For me, TEK is mostly a store of value. I'd use another coin (BTC or later MRO) for sales.any tek selers ( i mean big seller) there is hardly 1000 tek in the sell book on cryptsy and i m kind of surprised it doesnt grow even with th recent price rise
It reminds me of this;I noticed something with HBN. Even though there is plenty of HBN is being mined, hardly any of it hits the exchange. I also noticed the same miners on HBN, very few pool hoppers. So these miners are actually just mining and holding HBN, not mining and dumping.
The reason for this is simple. You want your money to work for you. I am sure that those miners/investors have done the math and have come to the same conclusion as me.
The reason for this is simple. You want your money to work for you. I am sure that those miners/investors have done the math and have come to the same conclusion as me.
My favorite SHA-256 coin.
Mine too. I mean bitcoin is BITCOIN, but I really like Tek. It'll be fun to see where this goes.