What Dev As someone with a MSc in Finance I am at a loss as to how the developer[Rat] has not explained the POS in any detail that is not subject to wild speculation on this thread. The opening post says 1% pa but others say 1% per 8hours which when compounded is exponential...some others says 1% per 8hr period for those with open unlocked wallets selected at random.
No one can accurately value this coin without these basic questions answered and I am issuing a warning not to invest unless you yourself can answer the below questions:
The
major questions to the developer are:
1) When do untouched balances stake [days] ?
2)
Will all wallets with untouched balances stake ?3)
If the answer to quest#2 is NO then which qualifying wallets will stake?4)
Is the qualification by random selection ?5)
If not all qualified wallets stake, what proportion of the 100,000,000 coins will stake ?6)
When an amount is staked how long will this amount collect interest ?7)
Is the stake interest rate 1% per annum, per 8 hours, etc, etc ?8. Will locked wallets stake ?
9) Will encrypted wallets stake ?
10) Will unopened wallets stake ?
WARNING: The developer has a duty to clearly outline the POS parameters of his COINLet's start out with a disclaimer: I'm butthurt because i sold 50k coins for about 1 btc.
What in the hell is going on with this coin? It's popular because hashco ws and middlecoin say so? Are we really taken for a ride this easily? What happens when someone releases a coin with this coins exact same specs 14 days from now? It crashes unless Hashco ws mines it? Why is blackcoin worth 3x as much as any coin on the coinwar z list?
Yeah, absent dev, instamined by multi-pools and rig renters, ddossed to death. I'm not buying this one for at least a month after the hype ends.
what do you mean absent dev? did he leave the project?