I just want to explain the Proof of Stake system to the best of my abilities. I will ask IPOminer.com to verify that what I say has merit, he knows very much about this system.
Your network weight is gaining regardless, and you will begin to compete with the PoW blocks more competitively. The 42 day max stake age makes it so there is your maximum weight distributed over 6 weeks, if that had been 6 days you would gather more weight faster and compete harder. This does not mean you are losing on coins because you are all competing for coin age (weight) and this will eventually be strong enough to overtake some PoW blocks.
In our testing of this coin we did not have such pentahash power, we used some rental and Bitmantech Antmining S3. I will think about forking this coin, but I have never tested to see if coin age gets reset after a fork. We did not take that into consideration during testing. We put 6 week max coin age because we know in your real world lives sometimes things come unexpected and you may have to leave your computer for up to a month and we thought it would be fair to not punish that.
If everyone would like to fork, and if other blockchain professional knows if coin age does not get reset during fork, I will give you all notice so that you can get all your coins into compiled wallets, probably 1 full day.
Just noticed "difficulty" : 0.06249911, so starting difficulty for PoS was set much higher than usual. Which isn't a bad thing necessarily, it's just that no one has a clue now as to when PoS can actually start working. If you did test the code and had POW/POS successfully running concurrently, then maybe there isn't anything to worry about.
It seems with the high PoS starting difficulty and a PoW difficulty adjustment algo that appears to rapidly adjust upwards, you have attempted to prevent insta-mining and giving those who caught this at launch too much of an advantage. Maybe in the end the issue is that parameters you have chosen are more fair than usual, which is a good thing. I was counting on more of the same and planned on hoarding a bunch of coins on day one and yanking a hundred PoW blocks away from miners everyday. It appears my plan isn't going to work though.
We did this on purpose to defeat major instamining and make coin fair, but it is making staking blocks too difficult. It was a double edged sword, this coin is very good to mine because dirty developer didn't take 5% in first minutes but now the pos blocks have too much maximum age and too high difficulty to stake. This requires a fork to fix, i will think about it. I now know the POS will work and the code isn't bad, but like poster before me said, it might take until POW is over to kick in.
The only issue here is that we wanted 8% daily stake not to cause massive buying, but so that people without mining hardware could buy coin early or rent some hash and achieve some rewards until the big advertising campaign starts. We did everything we could to make this fair; High starting difficulty and premine escrow. The 8% daily stake for 3 weeks was another idea but our testing did not show this as a problem. I don't think this means everything is a fail now, there is no malicious intent or otherwise devious plan and you guys are gaining weight.
Once a coin is launched, I take the philosophy that changing it's initial parameters should be avoided if at all possible. I view the genesis block as a contract between the dev, miners, and investors. The chosen parameters and code were there for anyone to review if they wanted to. So the fact that I (and surely others) invested by renting mining rigs and buying some on bittrex, with the intent of compounding interest every day and choking off the supply to miners as much as possible by removing PoW blocks, shouldn't factor into the decision. The ANN even states there will be 3-5 million PoW coins by the end of mining, so no promises were made on the total supply. It seems that the code is solid and PoS will kick in eventually, we just need to wait.
On the other hand, coins live and die based on the support of their communities. A lot of people may get pissed off and abandon the coin if they need to wait a few more days for PoS to kick in. Alienating investors and the community is bad when it comes to any coin, but can be deadly to one this young. So if community consensus says they want something done, it may be wise to do so. Possibly just moving the starting PoS difficulty down a bit would be all that is needed?
My opinion, fuck it, let it ride. I'll wait, but I'm not the only voice here.
