Returns steady, good.
But with quite some fewer stakes than last time, lets hope that's less luck last week and not that much higher difficulty/network weight. The thing that made up for it is the Sprouts and Cube prices are doing some nice recovering and Paycon rose slightly as well, that's good to see.
Indeed I was pleasantly surprised at the total as I too had noticed the stakes were down on last week.
On another note I have had someone looking into the SandG code and the issue I am having with POS, believes he has solved the issue and for a price of 0.6
BTC will provide an updated code, along with a new win and Mac wallet.
I think it too high a fee but as with everything I wont make a decision without asking here first, also what are your thoughts on POS rewards amounts etc I have an idea of what I think would work, but lets get your thoughts
Crunck
Concerning POS - I like POS coins but the problem, as I see it, is there are
way more POW Sandg being produced than can be absorbed by the portfolio
profits. This causes rock bottom prices with sellers dumping at any price
because they can mine a lot fast.
POS gives a reason to hold but I would expect the POS to be dumped.
The key is stay with POW and lower the rewards to a level which is lower than the
portfolio can absorb (raising prices) or, add POS and substantially lower or eliminate POW.
POS must be meaningful to expect people to hold coins but, result in less coins that are currently being produced.
i think this too
I disagree with parts of this. I agree that because the POW pays are higher than the current portfolio profits the inevitable sells are a reason for the rather low price level. Now, going with the roadmap the reward would stay so for a few more months, about 9-10 given the past progress of the block chain, until we pass block 100,000 and the rewards drop from 100 to 20. While the thought is alluring for me, as a non-mining investor, as well to cut rewards earlier I don't think we should lightly change that roadmap just because the price isn't currently doing as well as we would like it to.
Now enter POS. One option would be keeping the block time as is. That means, if block generation is shared 50/50 as it in my opinion should, we get the additional holding incentive for free if the POS reward would be the same as with POW or already a reward cut if POS rewards would be lower. For the POW miners it would mean the rewards would be halved since there would be only half the blocks to be generated. I'm not that happy about that but the door was left open for POS from the start, I guess.
The other option would be halving the block time. This way we would get the POS rewards really on top of the POW rewards, but on the up side the planned reward drop would happen in half the time, in roughly 5 months. Given POS gets based on a sensible annual interest from the start (my suggestion: nice round 10%/a) the total generated coins would be less than without POS for the following 5 months, as well as the total number of coins generated in these 10 months, because only half the blocks would pay the 100 and later 20 coins POW reward and the other half would pay the lower POS reward (if I didn't made a mistake the average POS reward at 10% should be about 11 coins, or lower because of not all coins participating in POS, per block for the first year).
I prefer the 2nd option. True, it could put more stress on the price for the first months but then POS does provide more holding incentives. In this time the portfolio would hopefully grow nicely and once
POW rewards finally drop things would be really set to kick the price into motion. In the meantime it would be up to us to push things a bit by generating more interest in the coin or simply funneling some more cheap coins into our bags.