Topic: [ANN] ★★ EBT Coin - Entropybit 100% PoS - Multipool - Bugfix version 4.0.3! ★★ - page 40. (Read 131676 times)

The dev needs to update the top post to add these voting links.

We're around! We have been coding like crazy, implementing many cool new features and adding more stability to the wallet. We expect a new wallet update within three or four weeks. We plan on making a mobile wallet as soon as the new features for the desktop wallet have been incorporated into the codebase. Coding on the mobile wallet will likely happen before the desktop wallet release, so that the two are released simultaneously.

We are also aware of the low price of EBT. EBT suffers from a common PoW/PoS malaise where speculators judge the value of a coin by the hash rate, drawing conclusions about the stability and health of the block chain. As it stands, over 75% of EBT's maximum PoW (proof of work) money has been mined, which means that over 75% of EBT's maximum PoW money is eligible to stake and find blocks. Compounding this phenomenon is that many, many inputs (which get used for staking) exist from mining payouts, each with a separate coin age. Thus, it is as if each input is its own separate miner looking for PoS (proof of stake) blocks.

With PoW/PoS coins, a critical moment happens in the life of a coin where the PoS blocks begin to outnumber PoW blocks. At that point, mining becomes very inefficient and miners move to passively collecting dividends on stake. Staking keeps the blockchain very healthy, as it is designed to do, but dramatically reduces the profitability of pure mining. The result is that a PoW/PoS coin gradually looses hashes as if it were dying. However, nothing could be further from the truth. PoS blockchains are extremely robust. For example, check http://www.argakiig.us/blockchain/ebt/index.php to see that blocks are continuously being found at an average of 30 seconds per block, with the only deviation from 30s coming from unavoidable random variation. (So, if we seem like we are missing, it's only because we have such a healthy blockchain that we don't perceive any problems and therefore forget to venture into the community to give feedback.)

Were these properties (blockchain health combined with increasing difficulty of PoW blocks) recognized by speculators, the value of EBT would be much higher because simply buying and holding EBT would be the preferable means of increasing value. Unfortunately, for short-term value, speculators do not seem to recognize the PoW aspect of PoW/PoS coins. With these facts in mind, holders of EBT may expect to see a long stretch of low value as the PoW blocks become increasingly difficult to find. Please bear this possibility in mind.

The policy of the EBT Development Team is to fight short-term low value by taking long term approaches to value building. These approaches include continuing to improve the technology surrounding EBT, increasing its exposure, and reaching out to businesses and exchanges.

And, as always, we appreciate comments and participation from the EBT community because community support is essential for the value and long-term success of any coin.

Is the Dev still around? EBT?

Is the Dev still around? EBT?

Please help to vote EBT up in mintpal!

https://www.mintpal.com/voting

http://cryptofleamarket.com/buy2.php  and http://cryptofleamarket.com/sell.php and http://cryptofleamarket.com/rates.php Can't wait for them to finish the site!

And don't forget to comment on https://swisscex.uservoice.com/forums/238010-general to get EBT added and vote on https://comkort.com/vote

We need a wider distribution of EBT users if we want to buy stuff and not have items cost 1 million EBT a piece.

two questions:
1) do i have to unlock the wallet to get stake?
2) How long will it take to stake?

thanks in advance for your help ... me being a bit(coin) impaired... 

two questions:
1) do i have to unlock the wallet to get stake?
2) How long will it take to stake?

thanks in advance for your help ... me being a bit(coin) impaired... 

how do we go about getting this listed on coinwarz?