Guys Ive really been looking over everything closely. Its my job. If I dont, then Ive failed you. So when I look at the rich list, if Im looking at it correctly, the transactions that appear as red are "stake to other" or "stake to exchange". Now this is why the price is getting pounded. The top 7 holders have sold NOTHING. I wont mention any names, but MANY/MOST people below top 7 are just staking and selling off everything they can. I dont want you to misunderstand me. I DID say its ok to sell to the exchanges for a profit. But I want you to notice the damage your causing. The price will NEVER rise, because your dumping every stake into the exchange, many of you. Then, you look to me to fix it. This time I cannot fix it. This is up to you guys. Its like this, when you dump on the exchange, then price goes lower. Guess what happens when you do the opposite? The price rises. So first, Im going to ask that everyone stake to themselves for a while. Youll see the exchange will be starved of fly, and demand will increase. This is NOT a rule. But, I WILL reward those that do not stake to exchange. The longer we starve the exchange the higher the price will be. I would say stake to yourself for a month or two, if you can. Then stake to exchange maybe one week out of 5-6 weeks. Youll get higher prices if EVERYONE does this. Again, its not frowned on if you want to sell all of your stakes, but when most people are selling to the exchange, you are drowning us all. Lets work as a team, and hold off for a month or two and starve the exchange, so prices will rise again. If everyone cooperates, when you do sell in 2 months, youll get DOUBLE the price. Can we do that?  Lets see how this goes, if its still a major problem in a month then I am forced to make changes. That might be lowering POS rate to 25% and extending min stake age to 9-11 days. Then raise superfly to 100% pos, and exclude you, as rewards are for those "supporting fly" and dumping every single coin you can is not supporting fly, its killing it slow. Its not something I want to do, but its my duty to protect this coin. Its a long term coin. There will be an gentle exit strategy in 1.5 - 2 years. So dont be in such a hurry. You know who you are, and I do too.

Vegas

seriously, what are you doing here?
stop posting fancy images. who what's to see that? that's no feature. that's just a picture and nothing worth!

why do you guy's think your team should get better staking wallets than any1 else?
You did nothing to XDE and only what to profit. compile some wallets with fancy images in it is nothing WORTH multiple BTCs.

THAT IS SO FUCKING WRONG!
Who allowed you to do this?

ARE YOU FUCKING KIDDING US?
what did you do in the past to claim "the best at what we do"? What are your skills exactly? and I don't mean your absolutely useless graphic-designer skills.

you want to legitimate your earnings inside your hyper-wallets with working hard. deliver something first. you claim here that much of this coin and did nothing yet.

XDE may be dead and you are trying to revive it. But this here is just ridiculous! You are trying to get 36 BTC for this wallets.
You want to sell those expensive wallets with better staking with absolute no eligibility. And like that's not enough, any coin which did not swap will wander to you and your "team of 5 ppl", just for the sake to politeness, convenienve, or WHAT??

srsly, I want some answers here. And don't come with "We deserve it, we work 100% every day".

I'm not crying. I hold a bit more XDE than vegasguy, so I think I should be allowed to ask those questions and get some real answers.

why do you deserve that much BTC?? what are you working on?
compiling some wallets with different staking rates must be really difficult to claim over 36 BTC for it!

I did. I can't believe on of your team wrote "crying is easier than working!".
Is that how you should treat your community or investors? Do you think you will sell even 1 wallet this way?

Ridiculous. Absolutely ridiculous.

so, metamorphin looks really skilled in PR. looks like a good team you have. Looks like you deserve more than 36 BTC and a wallet with minimum 50%-better staking than anyone else.

come on.... really??

I'm trying to deliver more productive inputs as I posted earlier. I hope you can now better understand my considerations.
topic of this post: why I believe better-staking-wallets are bad.

So let's assume there are three people and the dev vegasguy, each holding 15 XDE before the swap, they get 105 XDEII after the swap.
vegasguy gets a Platinum wallet, person1 a gold wallet, person 2 a silver wallet, and person 2 as poor guy uses the standard wallet. each start with the same amount of XDE.

do show how drastically the imbalance of the different wallets increase very soon, here a short comparison how they each will perform with staking within 2 years.
All numbers are used from the image metamorphin posted recently, which can also be found in the first post (instead of 3 XDE, each started with 15 XDE before the swap).



We can see, that Platinum holds over 2083 XDE after one year, whereas a standard user with they same start amount of XDE only holds 771 XDE. Platinum gets 270% of what a standard user gets.
We can also see, that after two year this gets even worse, when Platinum holds 41333 XDE, whereas Standard user holds ridiculously 5670 XDE.

Conclusion, to stay competitive as a stakeholder, you have to buy a premium-wallet from dev.
To stake as good as the dev, you have to
1. spend over 2500 USD worth of bitcoins to get a platinum wallet.
2. be quick enough, there are only 2 of them available for public.


I made the spreadsheet above where all shareholders have the same amount of starting XDE.
As everyone ones, this won't be reality. There won't be many people which holds more than 10 XDE, for them it gets even worse, the longer the whole staking goes on.
Their coins lose value, because they loose shares. The only ones who got more and even better shares are those, who uses Platinum wallets with a high start amount of XDE.

I not only think, this is absolutely greedy. I think this isn't healthy for a coin. It won't work for long.
What can we do to fix this? Total span from 200% to 300% is too much.
I would recommend to forget the whole idea of different-staking-wallets, but if not, If you want to stay with this whole different-staking-wallets-idea,
you have to reduce the size of the span between lower-staking-wallet and highest-staking wallets drastically.
Just a proposal: Standard wallet: 200%, Silver wallet 205%, Gold wallet 212%, Platinum wallet 220%.
Another thing: the restriction of only total 2 platinum wallets (for public), only 5 gold, only 10 silver should be removed.
Make your calculations, even that's more than enough.

As price for the wallets, another proposal: standard wallet: free, silver wallet 0.1 BTC, gold wallet 0.25 BTC, platinum wallet 0.4 BTC.

I hope you no longer see me as a troll and consider my inputs.

and why don't you just get your payments through regular payments?
I understand you want to be rewarded for your work, but a better staking wallet is an exponential reward as a explained in posts before, and this is for me not acceptable.

I don't to this for my personal benefits. I don't care if I only pay 1/2 price, when others have to pay too much. Fairness for all, not only top holder.
Why only top-holder? With that you will increase the gap between high- and low-roller.. why do you want that?


will do it, but I don't really understand why we can't do that here in public.
edit: pm sent.

No Bash, just a release valve where people censored by Vegas and Team Fly can express their selves ,
a separate forum was the only way to overcome their draconian censorship.

Ya Investment is being damaged due to bad leadership and a greedy takeover scheme of another coin, tryin to bring in capital to support Fly, when da majority of Fly users want to sell all of their interest. Human Nature has been ignored and Vegas attempts at controlin others actions thru intimidation is failing as it always has and always will.  If Ya want to save dis coin, then da Fly community needs to rise up and say NO to the Taxation without representation , as Vegas acts like King without allowing any dissent.
Plus Ya don't even really have enough coins to fully secure Ya Network, tech issue being ignored by 3 devs, cause their yes men.
Now if ya investing in Flycoin, would that not be useful info?

AG18

I can't put my finger on exactly why I decided not to get involved with FLY further, but some of the posts in this thread are relevant. It is rather strange that one can never do any real trading with this coin as the wallet is constantly in maintenace mode, or some other form of hidden manipulation is at play. I don't see a reflection of true value in the price.

I'm not generally a fan of Proof-Of-Stake coins anyway ... I started investigating FLY after someone said they needed developers. I only work with PoW coins because I believe that PoS is fundamentally flawed.

Just throwing this out there as another option to consider.

I would like to see FLY Team (us - since I am part of Team FLY) to
do more for the little guy... to encouage them to start buying FLY and continue.

100 FLY is a long way off for most but, my suggestion would be someone
achieves 10 FLY and gets a 1 FLY Bonus, reach 25 get a 2 Fly Bonus, reach 50 FLY
get a 3 coin Bonus at 100 FLY get a 5 Fly Bonus and now qualified for SuperFly
wallet rewards. Any thoughts?

Operation: Venus FLY Trap
because we love our FLY

Observation: we can put buy pressure on the FLY market by selling our FLY 

i know not everyone has to, but i need to sell b4 i buy. So the idea is Sell, sell, sell, but be sure to return a greater number of either buy orders (or amounts).
 if you do this every time you visit the exchange then you'll be
#1 bringing home some fly all the time
#2 building a continuosly existing/growing buy pressure on the currency. (+ increasing activity/volume)
#3 (eventually) able to extract substantial amounts of your local currency ... without reducing your income

this in response @ requesting cessation of sav-send to 'topia