[quote heir author=hughjays77 link=topic=469640.msg5420598#msg5420598 date=1393568453]
Prices could go to 100 satoshi or 10000 sat
The answers from the Dev will make all the difference :
The mandatory questions to the developer are:
WARNING: The developer has a duty to clearly outline the POS parameters of his COIN
Prices could go to 100 satoshi or 10000 sat
The answers from the Dev will make all the difference :
The mandatory questions to the developer are:
WARNING: The developer has a duty to clearly outline the POS parameters of his COIN
1) When do untouched balances stake [days] Now, they started staking at block 5,000
2) Will all wallets with untouched balances stake ? Yes providing they are connected to network
3) If the answer to quest#2 is NO then which qualifying wallets will stake? see 2
4) Is the qualification by random selection ? Yes
5) If not all qualified wallets stake, what proportion of the 100,000,000 coins will stake ? see 4
6) When an amount is staked how long will this amount collect interest ? 8 hours for coin to mature
7) Is the stake interest rate 1% per annum, per 8 hours, etc, etc ? Unsure
8. Will locked wallets stake ? NO
9) Will encrypted wallets stake ? Yes
10) Will unopened wallets stake ? Unsure
This is from personal experience of having my unlocked but encrypted wallet stake my coins that haven't been touched for 8 hours
It's only really 7 & 10 that the dev needs to answer as I'm still confused myself about the 1% per annum part
[/quote]
