@vsmammFirstly allow me to tell you what happend recently when bter forgot to turn off staking... A team member approached me to say that he was getting these weird deposits into his Netcoin account that he didn't make. 0.o
I checked my own and sure enough I too had these strange amounts...
2014-09-08 15:51:42 -104962.12045512 NET Success
2014-09-08 15:51:31 -104590.57473373 NET Success
2014-09-05 21:17:20 104962.12045512 NET Success
2014-09-01 12:49:14 104590.57473373 NET Success
2014-08-28 17:16:01 104242.23120474 NET Success
You see the very bottom one, that is the only deposit I made to the bter account, the next 2 were additional from seemingly nowhere. Do you notice the slight increase each time? Well that is the stake but they also gave the principal too each time XD
Then I alerted bter to this fact and you see the next 2 they have deducted this amount and since deactivated staking, the point is staking on an exchange or in a pool creates mayhem, I know because I run a pool and I have staking disabled too. staking=0 is what you put in the conf to do this.
Now am I saying exchanges do not stake at all? No, I'm sure they do to some degree, but we would see massive increase in the total coins and so far this has not been seen. But ultimately if people want to give away their stake to an exchange what can anyone do about that? Personally when staking was activated 99% of my coins came off the exchange immediately, I now only have the 100k you see on bter there for something to play with.
But I do understand your concerns about there being more coins but really, look at DOGE, XRP, REDD, NXT all have many times more coins than we and they seem to do just fine. So I hope this helps
Oh and as for POS being dead, I'm not so sure and this isn't just a simple POS coin, there is much more to it than that and yes we have plenty of ideas how to improve upon what we have done so far and to make even more innovative steps. Of course I can't say too much about them now. But in time you will see
@HippieTechSorry you had some problems there, no the casino is not a scam XD... In fact it is run by me! XD
I have been having some family troubles of late and actually going through a split with my ex partner and 3 kids, so as you can imagine it is a bit of a tough time right now. Also the internet was in her name and for some reason talktalk's "homesafe" was activated and prevented me from accessing the admin panel to process withdrawals.
I was alerted to your problem and sorted it as fast as I could. Also it seems that emails were not sent to you or maybe you used a different email? I'm not sure, but they were not confirmed so I didn't process right away just to be sure it was you making the withdrawals to keep your coins safe. That's all bud, but again sorry that you had the problems.
@CrazyLoafTo get the best PIR you need to have them in one address and 1 block.
@coinererYeah it's really not such a crazy interest for sure and we feel we got in pretty spot on, we didn't want to do something too weak like 3% a year etc, and nothing too wild. So we settled in the middle.
@dandybtcHi Dandy! Thank you very much, so glad that you like what we are doing so far, sorry I have not been around all too much but read hippietechs reply to find out why XD
But it's okay I am still here and will remain, we were working on the ANN thread also over the past week or so and I have the various other duties to do but we will endeavour to get these questions answered faster in the future.
1. Yes you can encrypt your wallet but you need to unlock it for staking only. You will still be asked for your password when you attempt to send any coins so don't worry, your coins will be safe.
2. We have OWI (Open Wallet Incentive) which means that you have to stake once per month at least to get the full reward. So no you don't HAVE to have it open all the time, but atleast make sure you stake once per month. Having your wallet open however does help to secure the Network and so therefore it benefits you.
3. Please see the reply to vsmamm for this answer
4. I believe this is answered in number 1 but if you meant something else please let me know.
Again, thanks so much for your support and kind words
And as for the wallet, sure it is a work in progress and to be honest we have some big changes up ahead for it, but like anything else it does take time. I have briefly heard of superNET XD I don't have time to look at it to be honest but rest assured, we lead the way, we don't follow
@tokyoghettoThanks bud glad you're happy so far, I too think it has been going very well, we're very pleased with the way things are going. But still as always improvements need to be made and we are working as hard and as fast as we can to make them. Some progress has been made on the android wallet front I hear from who, so that is awesome news.