ps. dev team... you NEED to build in a compulsory tx fee into the code.
I've been mixing my coins for free and it's not good for the network.
You need to have some sort of minimum tx fee to propagate PoS fairly, evenly and properly otherwise we will see the majority of early stake going to the bigger bag-holders (which is what we are seeing).
ADD: even make it 0.00000001SYNC it'll suffice.
I've been mixing my coins for free and it's not good for the network.
You need to have some sort of minimum tx fee to propagate PoS fairly, evenly and properly otherwise we will see the majority of early stake going to the bigger bag-holders (which is what we are seeing).
ADD: even make it 0.00000001SYNC it'll suffice.
Explain please?
I have received coins from different exchanges and pools to different wallet addresses, still within the same qt. Will this reduce my chances to get pos early?
no, it won't reduce your chances, as explained previously, everyone will get 1% per annum.
how tx ID works with PoS; the network recognises every wallet and transaction of equal value, if every transaction has the same fee paid back to the network. Without any TX fee, then the network sees bigger wallets as more important.
So....
when the network sees a tx from a wallet with 13SYNC to a wallet with 0.004 sync (without a tx fee) it regards the larger wallet as more important, and put it higher in the 'minting queue'
but...
when the network sees a tx from a wallet with 0.004 sync to a wallet with 13SYNC (with a tx fee) it regards the wallet which has paid the tx fee as more important, bumping it up the 'minting queue'
thus...
an equal tx fee on all transactions equates all wallets equal in the network.
makes sense?
Could the dev please clarify if there is a minimum balance required in order to stake? Telling people to go buy more SYNC in order to stake could rub some the wrong way. Perhaps the dev needed to be more concise in explaining that larger balances currently take priority in the "minting queue" (if what I have quoted is correct), and that ALL balances will eventually generate a stake in time?
