to jarnold:
Hi there,
it looks rly interesting what you wrote but I have also a question:
* 60% distributed to 3 participants (this may be extended to more than this amount, still to be completely determined by our PoS minin algo) based upon an algorithm we would deploy - 60% #1, 25% #2, 15% #3 (the amounts of payouts is used as an example)
Why only 3 participants? Its like a game - if you win you have 60, 25 or 15%, you lose you have nothing from "your part of staking"?
Shouldnt be better to spread it out between all the ppl interested in this and "gave you" 150, 300, 450 k...?
If there will be not 10 but 100 participants, you have high possibility to take nothing for months/years...
Maybe i understand that wrong?
Thanks
TW0R
Thanks for all the great questions, I have added these questions below with our reply:
> You mention "social exchange", does this mean that you would be interested in furthering this type of development with a direct integration into the wallet? Can you let us know anything on this?--> This is something we have been considering and are considering a direct integtration into the wallet provided security, costs and development efforts warrant
> Does this negate the "Known User Transaction" discussions or is this in addition to this?--> Not a chance, this is in addition to KUT!
> When you say "#1, #2, #3 spots" are you only going to payout to three spots? If not, how many?--> This was an example, we are looking for community feedback for this aspect of payout
> 30days to become eligible, what happens if my WC deposit has been made in between your payouts, how long would I have to wait (or is this still a discussion point)?--> If your deposit is made between payout periods, you would need to wait until you reach eligibility therefore once you reach 30days, you would be eligible for the next payout period
> Why only 3 participants? Its like a game - if you win you have 60, 25 or 15%, you lose you have nothing from "your part of staking"? Shouldnt be better to spread it out between all the ppl interested in this and "gave you" 150, 300, 450 k...?--> It can be this way where equally the staking is shared, thought it would be fun to allot more based upon an algo with less receiving however, it does simplify things if everyone gets payout accordingly
>
If there will be not 10 but 100 participants, you have high possibility to take nothing for months/years...--> No, we would make it so that the number of payouts would be allocated to every participant over x period of time with a maximum period to receive, your suggestion of equal payouts based upon the number of participants is much easier to do, just not as large a payout opportunity exists if done this way.
Any other questions/feedback just let us know so that we can determine if the community would like to participate in the PoS mining pool, allow access to WC from outside of crypto, cold storage service in addition to keeping WC out of the hands of the manipulators!
Jason, I like it...! Best case scenario it proves to do something we all desire for the coin, and that is to add community, involvement and ultimately value. Worst case scenario, it proves to not be as effective and we get our WC back. This is a new and novel concept, so trying it out is going to be the best way to test it. I'm in!
I would like to know more about how the conversation on KUT (I like the new acronym by the way) are progressing. If I had a critique about the WCF...I would like to see more transparency on the development so the community/investors could be kept updated. I think the conversations that would come out of that would keep interest high and continue to demonstrate the high level of community involvement that would attract further investment.
I guess someone had to put a backup back of the ANN, the pool came back in the post aswell.
