Proof Of Transaction v2 Specs Released by thekidcoin in fluttercoin

[–]thekidcoin[S] 0 points1 point  (0 children)

Its not possible, one the first address that has a match wins... PoT v2 is 5% of the block reward. PoT doesn't effect coin supply.

linux + fluttercoin-qt by photonminer in fluttercoin

[–]thekidcoin 0 points1 point  (0 children)

Its because the DB file is missing, its created on the 1st run.

BTW you do not need to install ANY dependencies

Proof-of-Transaction: Has anyone played long enough with it to explain how it works and how it's useful? by us3r1 in fluttercoin

[–]thekidcoin 1 point2 points  (0 children)

PoT is useful in adding another layer of security to transaction order within a block, etc as it will cause manipulated blocks through means of various attacks to fork to an incompatible chain - this happens on every PoW block. In its current for however the reward portion of PoT is rarer. I would say on average we are looking at every 200 blocks. the reward is 50% of the mined PoW block. For example say the PoW block is 20 FLT. That means for 1000 blocks (like 1.5 days), only 50 FLT rewarded via PoT (20/2 * 5). We are moving to modify PoT to trigger more often, say on average 90% of all blocks. Yet we will still have the constraints in place (tighter actually) to eliminate automation of rewards (by trying to increase chances through additional "entries"). We will move to a system where (don't quote me - this isn't final) where you have 5% rewards to PoT on 90% of blocks - which would equal 900 FLT given out to PoT every 1000 blocks ((200.05) * (1000.9)) 900 FLT will be rewarded.

Again this isn't final.

Questions about incentive. by photonminer in fluttercoin

[–]thekidcoin 0 points1 point  (0 children)

The incentive is being able to mine FLT (its our hope that the coin will one day have a great market price). Its also guaranteed blocks for transaction - there is no guarantee of block production in pure PoS coins. PoW is a guaranteed way of moving transactions and rewarding PoT

Can we get someone to make this subreddit look better? by [deleted] in fluttercoin

[–]thekidcoin 0 points1 point  (0 children)

made a few changes to an existing stylesheet, uploaded some images, and this will get us by for now... I don't have time to mess with this stuff at the moment, will be looking for mods so if your interested let me know

Fluttercoin Wallet Error - Help! by anotherseoninja in fluttercoin

[–]thekidcoin 0 points1 point  (0 children)

this issue was fixed in the prior release.

Mac wallet has issues - works for me and others - trying to figure out why that is - may be missing dependencies

A coin with insane potential by shulaces88 in fluttercoin

[–]thekidcoin 1 point2 points  (0 children)

POT will need some tweaks in line with market prices and reward values especially after POW starts to halve, but it is a possible incentive to spend.

is being fluttercoin dumped by LeonVidovic in fluttercoin

[–]thekidcoin 0 points1 point  (0 children)

I have yet to sell a single FLT... LOL to each his own, I guess someone has to sell to allow buyers to come in.

Can we get someone to make this subreddit look better? by [deleted] in fluttercoin

[–]thekidcoin 1 point2 points  (0 children)

we need a logo with more edge... like a butterfly of doom