[ANN][1000 SYNC] Proof of Stake now run by BLOCKCHAIN DEVELOPMENT COMPANY - page 418.

jorrr

hero member

Activity: 588

Merit: 500

Quote from: bspus on May 24, 2014, 08:40:36 AM

Quote from: HunterS on May 24, 2014, 07:35:20 AM

OMFG.so if u dont have a full coin u dont stake .this is turning into a fuking joke this coin.

I never read such a comment from the dev.

The only thing he said was that you should buy more coins to increase your chances of staking and that got misunderstood and blown up way out of proportion.
I wish he hadn't said it

I think 100% for just a month would be enough to get things going (raise supply to almost 1100 total) and then 20% for the rest of the year and 5% after.
But really, at this point just anything to get us moving

Sounds perfect!!

bspus

legendary

Activity: 2165

Merit: 1002

Quote from: HunterS on May 24, 2014, 07:35:20 AM

OMFG.so if u dont have a full coin u dont stake .this is turning into a fuking joke this coin.

I never read such a comment from the dev.

The only thing he said was that you should buy more coins to increase your chances of staking and that got misunderstood and blown up way out of proportion.
I wish he hadn't said it

I think 100% for just a month would be enough to get things going (raise supply to almost 1100 total) and then 20% for the rest of the year and 5% after.
But really, at this point just anything to get us moving

johntseng

member

Activity: 84

Merit: 10

Quote from: HunterS on May 24, 2014, 08:32:01 AM

yep.few people buying on mintpal.must of been in here and seen PoS % going to change.stocking their wallet Grin

Yes, I was not care about the 1% stake at all and no plan to move them to wallet.(keep in exchange.)
But now I moved them to wallet immediately. lol

Ziploc

sr. member

Activity: 405

Merit: 250

Quote from: ?? on ??

OK.... 100% its like (2^year)*1000 coins

PC based math, its very cool Grin

not if the staking is compounded every few hours...

manav1112

sr. member

Activity: 298

Merit: 250

Quote from: HunterS on May 24, 2014, 07:52:56 AM

so is there only ever going to be 1000 coins in total Huh

I believe it is 1000 for PoW and 9000 for PoS

Ziploc

sr. member

Activity: 405

Merit: 250

Quote from: raskul on May 24, 2014, 08:23:54 AM

100% per annum is good, let it be.

IMO it's way too much..

But the model might be improved;

Year 1: 10% -->fast increase in adoption, but most people will hold and stake
Year 2: 7,5% --> Same as 1st Year
Year 3: 5% --> More exchanging hands
Year 4: 2,5% --> Even more exchanging hands, but the adoption should be already nice
Year 5 and after: 1% --> Prevent the inflation and secure the network

HunterS

hero member

Activity: 644

Merit: 500

wow .people are really stocking up on mintpal.just about past 24 h high

HunterS

hero member

Activity: 644

Merit: 500

yep.few people buying on mintpal.must of been in here and seen PoS % going to change.stocking their wallet Grin

deephouse

sr. member

Activity: 280

Merit: 250

Quote from: wasamata on May 24, 2014, 08:25:34 AM

do we need a vote/poll on the pos or?

Good idea

johntseng

member

Activity: 84

Merit: 10

Quote from: jorrr on May 24, 2014, 08:29:32 AM

Quote from: johntseng on May 24, 2014, 08:28:00 AM

Quote from: raskul on May 24, 2014, 08:23:54 AM

100% per annum is good, let it be.

Yea, see the price now. People like it.
Anyway, with 100% stakes, 10years will only take it to 1,024,000.
(Assume ALL coins stake in wallet which is not gonna happen.)
which is still very little compare to other coins.
but the coin will gain 10 years of chance to develop and so be adopted widely.

Need more FUD price is going up too fast now lol

make it up 1000% a day and becomes a legend!

jorrr

hero member

Activity: 588

Merit: 500

Quote from: johntseng on May 24, 2014, 08:28:00 AM

Quote from: raskul on May 24, 2014, 08:23:54 AM

100% per annum is good, let it be.

Yea, see the price now. People like it.
Anyway, with 100% stakes, 10years will only take it to 1,024,000.
(Assume ALL coins stake in wallet which is not gonna happen.)
which is still very little compare to other coins.
but the coin will gain 10 years of chance to develop and so be adopted widely.

Need more FUD price is going up too fast now lol

johntseng

member

Activity: 84

Merit: 10

Quote from: raskul on May 24, 2014, 08:23:54 AM

100% per annum is good, let it be.

Yea, see the price now. People like it.
Anyway, with 100% stakes, 10years will only take it to 1,024,000.
(Assume ALL coins stake in wallet which is not gonna happen.)
which is still very little compare to other coins.
but the coin will gain 10 years of high chance to develop and so be adopted widely.

jorrr

hero member

Activity: 588

Merit: 500

100 % or 20 % whatever, if it works i'm happy. 1 year is ages in crypto universum anyway.

wasamata

full member

Activity: 210

Merit: 100

do we need a vote/poll on the pos or?

raskul

sr. member

Activity: 434

Merit: 250

100% per annum is good, let it be.

Ziploc

sr. member

Activity: 405

Merit: 250

Quote from: raskul on May 24, 2014, 07:53:58 AM

8208, we are moving.

yes...my wallet is in Sync again

deephouse

sr. member

Activity: 280

Merit: 250

Agree with the above two proposition of first year 100% rate with declining rate of return the following years

LuckyKey

sr. member

Activity: 368

Merit: 250

Maybe 100% first year, 50% second year, 25% third year….?

More coins is meaningful to the majority - with smaller coin amounts; i.e., less than 2

Strong incentive to hold for initial growth years

wasamata

full member

Activity: 210

Merit: 100

You know you could make it 100% then reduce by 5 % per year

i,e

100%
95%
90%

until ultimately 5%

deephouse

sr. member

Activity: 280

Merit: 250

Update:

MAC Wallet here, its sync'd now with 5 connections.
Current number of blocks 8208
Estimated total blocks 7204

Not staking cause of no mature coins (guess my coins have not grown up yet Grin

).

Topic: [ANN][1000 SYNC] Proof of Stake now run by BLOCKCHAIN DEVELOPMENT COMPANY - page 418. (Read 816006 times)