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Showing 8 of 8 results by grifta
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Board Announcements (Altcoins)
Re: [ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving
by
grifta
on 04/06/2014, 03:21:53 UTC

You put flutter in wallet and after 30 days you got more flutter in the wallet?
Like "baby" flutter?

If I put 100k flutter in wallet, how many baby flutter will I get after 30 days?


LOL, baby flutter.

It will depend on when they mature, 30 day maturity is from the date they are mined not the day they are put into your wallet (as far as i understand). You should see 5% per annum.



It depends on the coin age. Coin age, as I understand it, is set to 0 each time the coin is either staked, used in a tx or mined. After 30 days the coins are matured and can be staked. They will produce coins based on their coin age vs. the network weight. In other words, the longer your coins are in your wallet the faster they will generate your PoS coins. 5% is the minimum. Nobody has ever said what the maximum is though. My ~50k flutter staked for about ~7-8k after the first month of actual staking. It's hard to say exactly how much I generated as a percent though, because the coins all came in over the course of a month or so.
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Topic
Board Announcements (Altcoins)
Re: [ANN] FlutterCoin FLT NEW Proof Of Transaction PoT Rewards For Spending
by
grifta
on 04/05/2014, 07:23:59 UTC
Proof Of Transaction v2 specs released.  New Binaries to be released tomorrow:

http://www.fluttercoin.us/fltbeta2/wp-content/uploads/2014/05/proof-of-transaction-v2-r.pdf

Can't believe after almost 2 pages of arguing no one has mentioned this.

From .5% chance of a block creating PoT reward to 80%. That is a huge change. Have none of you seen this?

- 8x the output of flutter in rewards from PoT
- added security due to more PoT checkpoints
- 20 FLT set reward rather than half the block reward
- reduced required transaction amount from 500 FLT to 1

Previously the reward would have ended up minuscule, while now it is a set rate and has a much better chance of happening. You're all so caught up in everything that has  little relation to the coin itself.
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Topic
Board Announcements (Altcoins)
Re: [ANN] FlutterCoin FLT NEW Proof Of Transaction - PoT / PoW / PoS UPDATE NOW!
by
grifta
on 15/04/2014, 10:11:16 UTC
Okay I think I'm starting to grasp this POS. Based on the white paper on Peercoin's site I've determined that:

- When you stake your mature coins you generate a new block similar to a POW block, but not entirely
- Based on how long your coins have been maturing, your wallet mines this stake block at a rate proportional to the age of your maturing coins
- Coins that have matured for twice as long will mine the stake block twice as fast, three times as long three times as fast etc.
- Having your wallet unlocked and open 24/7 is not crucial as coins that have matured for an extra day or week will mine the stake block faster, commensurate to their "Coin Age" (time they have been maturing)
- When staked, your coins get sent to yourself and they are essentially "reborn" and assigned a coin age of 0

Things I have not been able to glean or am unsure of from the paper:

- If there are twice as many coins being staked, does my total matured coin age have less weight? Is this where network weight comes in?
- The amount of coins you can gain from POS is not so much based on the number of coins you have to stake as the sum of their coin age
- What will change with the new software coming on the 19th? I don't understand how being able to stake more coins at a time will make a difference if they all get staked eventually. Is it because your wallet has to solve each stake block before moving on to the next and so it is just a matter of efficiency?
- The transactions I've seen related to staking have all been 10.00 coins mined. I assume this is the coin reward for solving a POS block?

Forgive me if some of this has been discussed previously in the thread. It's easy to miss things even when you read 90% of new posts and it can be very tedious sorting through 125 (!? how did that happen haha) pages of posts.

Also I just want to say thank you to KidCoin for being such a dedicated, untrollable dev and to the rest of you guys and girls for all of your contributions and hard work making this coin and community thrive.
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Topic
Board Announcements (Altcoins)
Re: [ANN] FlutterCoin FLT NEW Proof Of Transaction - PoT / PoW / PoS UPDATE NOW!
by
grifta
on 15/04/2014, 08:57:54 UTC
it's the 10's that are what's being staked. kidcoin said there was some code from peercoin or novacoin or something, that limited the stake to 10 coins. it's been corrected with this newest updated. basically us early adopters aren't getting much stake until the new software goes into effect on the 19th.

So the tens are my coins being sent out to be staked and will at some point return with generated interest? I know some articles have been posted about POS, but I get kind of overwhelmed with the terminology and don't end up making much sense of it in the end. So now to my understanding:

1. Coins enter your wallet
2. 30 "coin days" pass and those coins become matured
3. you unlock your wallet and staking begins
4. coins leave your wallet (is it per block? based on your network weight? how many will go out at a time with the update on the 19th?)
5. a certain amount of time passes and coins return with 5% (?) interest
6. coins must wait 30 more coin days to be staked again?

A lot of that is guess work, based off of things I've read in this thread. Please correct me if I'm wrong. Maybe I'll go take another look at the technical sheets and see if I can answer some of my own questions.
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Topic
Board Announcements (Altcoins)
Re: [ANN] FlutterCoin FLT NEW Proof Of Transaction - PoT / PoW / PoS UPDATE NOW!
by
grifta
on 15/04/2014, 07:57:35 UTC
Having trouble staking my coins. Been here since pretty close to the start...March 4th according to my wallet are the first coins mined. Never moved my coins around and staking was working fine with the old wallet and worked with the new one (v0.4.5.5-ga-beta) until tonight. I'm using the highly convenient unlock function and I had it working, got home tonight and it says I have no mature coins to stake.

Only change was that I received a stake payout of 10 and 1000 from the pool I use. Tried restarting wallet. What am I missing here? I am still relatively new to coins. Only mined LTC for a bit while tweaking my two 270s and then have been solely on FLT since so it's probably something pretty basic. Can you only stake your coins for a certain amount of time before they need to mature again or something? To my understanding once the 30 days is up your coins are mature forever unless you use them in a transaction.

Any help would be much appreciated!
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Topic
Board Announcements (Altcoins)
Re: [ANN] FlutterCoin FLT - NEW Innovative Proof Of Transaction - PoT / PoW / PoS
by
grifta
on 28/03/2014, 14:21:59 UTC
Why my wallet can't sync, stopped at block 15553, win 64. Thanks for replay.

This was posted by coin dev:

Quote
This has worked for everyone (unless they had IP filtering on)

There is nothing to fix unless one of you send me the message of why its stuck in the debug log.  I am not a mind reader unfortunately.

It is likely a forked/bad node.  I cannot reproduce it.  If it is a bad node, it will be dropped as of 4/1/2014 00:00:00 GMT

Delete all files in %appdata%\fluttercoin or ~/.fluttercoin EXCEPT wallet.dat

Make your conf file look like this:

rpcuser=username
rpcpassword=password
rpcallowip=127.0.0.1
connect=54.203.244.170
connect=54.203.244.27
connect=54.199.237.235
noirc=1
dnsseed=0

Its not possible to download the wrong fork using this method.  All those nodes are operating on the correct blockchain.

Then, shutdown the wallet, and change the conf back to look like:

rpcuser=username
rpcpassword=password
rpcallowip=127.0.0.1
addnode=54.203.244.170
addnode=54.203.244.27
addnode=54.199.237.235
noirc=1
listen=1
dnsseed=1
server=1
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FlutterCoin FLT - NEW Innovative Proof Of Transaction - PoT / PoW / PoS
by
grifta
on 27/03/2014, 11:43:50 UTC
I had the block 15553 problem even after deleting everything but conf and wallet files and redownloading the blockchain. Tried .conf posted by thekidcoin to no avail. Using newest wallet version.

Issue resolved by deleting all but .conf and wallet.dat, restarting comp, renamed .conf to fluttercoin.conf (not sure if this filename matters or if just file extension and location do. couldn't find answer with brief google, anyone know?) and redownloading blockchain again.

This is the only coin I've mined other than a bit of litecoin from a pool to learn the very basics. I'm not sure if what I did would/could have fixed the issue, but it might be worth a try if you're still stuck.

edit: Also remembered I hadn't changed rpcuser and rpcpassword to username and password until the final time I tried downloading the blockchain. Not sure if that matters either...
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FlutterCoin FLT - NEW Innovative Proof Of Transaction - PoT / PoW / PoS
by
grifta
on 25/03/2014, 16:16:52 UTC
Wallet is not synching past 15553!

...maybe this will get your attention. Tried different approaches, one of which was using only the block explorer links as nodes. In this last attempt i got a beautiful "WARNING: Invalid checkpoint found! Displayed transactions may not be correct! You may need  to upgrade, or notify developers." message instead of the normal green "Synchronizing with network..." bar.

...and noooobody gives a flying fuck.

and PM

Any plans on fixing the fucking 15553 fork? Or are you too busy not giving a fuck?

What do you think?

 I think you don't give a fuck. There are not enough people experiencing this issue to make you want to fix it, although I could see at least 5 wile searching for a solution in this thread earlier. But hey, not enough to endanger the health of the chain. Fuck the minority!
 What you are most interested in is profiting from your little creation before it dies. Who gives a fuck about the people who mine it? Not you, for sure. By the way, for your next crappy coin you might want to introduce a new concept... Proof-of-not-giving-a-fuck. I bet that will work too...

 To respond to the users who eventually answered my my cry for help, thank you all for trying. At the point when I wrote my first message, I had already tried all possible solutions mentioned by you, as well as some I picked up from my own experience. Using only the block explorer IPs as nodes with "banscore=1" should supposedly force the client to connect only to those nodes. And since the issue repeated itself under those circumstances, I assume that there is a problem at bock 15553. If you want to test it yourselves, backup your wallet.dat, delete the coin subfolder from the appdata/peers location, and try to reconstruct the blockchain. I bet you'll find yourselves in the same situation.

 I indeed gave up this piece of shit coin, and will never change my mind about it. The dev obviously is more interested in making the near future as shinny as possible, to keep you all blinded with promises of greatness and make the price of the coin go up until a certain level when he will dump all his coins and turn his back on the coin and all of you.

 If you want to look for a coin that really has a future, go ask for help on it's forum, and see how fast someone from the coin's staff (be it the owner, a dev, or a simple forum moderator) responds to your question with at least a "We are looking into the matter and will come back with an answer in due time.".

You are an very angry person. Although I laughed at your "PONGAF" concept remark, I think you are wrong about most things. I'm not sure how much of the topic you read, but it has been mentioned a few times that the dev is working on a Mac Wallet and is releasing an update which will help take care of the large multipools targeting only the higher reward blocks and screwing EVERYBODY else over. I hear violins whining for you, but I think that's a lot more important than your seemingly isolated wallet problems. I don't know much beyond the very basics of mining and I got it to work. Consider if the problem might be on your end.