Has a portion of the historical data been removed on Cryptsy? When looking at ALL time period, it begins July 14. The original coin launched Feb. 14. I seem to remember Cryptsy having more historical data.
Trading started at SILK/BTC but after a week or so of no buying orders even at 1 Satoshi they moved market to SILK/LTC where price very quickly dropped to just few Litoshis.
[EDIT] Rough specs will be 10% annual staking reducing 1% every 50k blocks to 1% indefinitely. Min stake 7 days, max 21 days. PoS to start around 700k.
Min stake 7 days might innitially result in problems because it is very likely that there are not enough unspent inputs to generate enough blocks to have network running properly until new stakes become available. 1,440 blocks * 7 days = 10,080 unspent inputs required to maintain block time at 1 minute on average! There will probably be a long wait until new blocks. It would help if client could break staked unspent inputs into more than 2 outputs, to create more unspent inputs later and thus slowly correct block generation.
If anyone feels like staking this coin, withdraw your FLAP from exchanges now. If possible do it in more than 1 transaction (withdraw), the more of them the better.
unspent inputs like this? https://chainz.cryptoid.info/flap/block.dws?663222.htm
lately there have been a TON like this
cryptsy withdraws are being limited because of so many inputs.
cryptsy does stake thier coins which is why if you withdraw from them you see inputs like this. so if cryptsy has a large amount of Flappy the week minimum wont hurt the chain at all. as for the splitting after every stake. PoS already does this by default
It is unclear why Cryptsy are spamming the blockchain with massive transactions like the one linked above. First of all, FLAP is still not PoS and the idea that Cryptsy are ahead of time (wallet update) is simply silly (they are always lagging when it comes to wallet updates or any other activity on the scene) but even if it is it would make no sense to send roughly 25,000 coins from hundreds of addresses instead of sending just recent deposits, starting with the latest one. All that if Cryptsy are actualy staking which I think is not true.
As for PoS wallets splitting input into muliple outputs it is true but just 2 outputs might be too little to elegantly fix eventual issue with block generation. If at the time FLAP switches to PoS there are 1,000 unspent inputs that are stake-ready, splitting those into just 2,000 outputs will not help much because 10,080 stake-ready inputs are needed in 7 days period to have network running smoothly.
It seems one may have exhausted the last large deposit input at this block. https://chainz.cryptoid.info/flap/block.dws?651995.htm.
