[ANN][GB] $ GreenBacks $ ~ A Complete Currency & Infrastructure ~ - page 22.

ChrisLandin

hero member

Activity: 824

Merit: 501

Osmservices keeps being hacked away from me :-( th

Quote from: imd1 on October 19, 2014, 03:47:05 AM

Hello guys, I'm a newbie to staking and hence have newbie queries :

I've recently(4-5 days now) started staking GB through my windows wallet. I'm seeing a trend how the staking is working in my wallet.

It stakes for some time, staking 2-3 GB coins and then stops staking and shows message "Not staking because you don't have mature coins".
Is this behavior normal ? Query 1

I posted a query about this message earlier here and the dev informed me that the term "mature coins" means the coin should be available in my
open wallet for a certain amount of time for staking to start.

The way I understood this is once the said certain amount of time criteria is met then my staking would start and would continue until I add new coins to the wallet - is this correct ? Query 2

The problem for me that the message ("Not staking because you don't have mature coins") is not very helpful as it is very generic and does not
inform when I would've mature coins again ? Query 3

Also when we talk about "mature coins" - is there any specific time period after which coins would mature for staking or is it random or does it depends upon the number of coins I've in my wallet ? Query 4

Your coins have to be in your unlocked wallet ( best to be encrypted ) for a minimum of 8 hours before they reach maturity. Once you have staked those coins that were used in the staking process lose there coin age and the process starts again so those coins will take another 8 hours before they reach maturity.

This is a very crude example of the pos cycle.

imd1

member

Activity: 110

Merit: 10

Hello guys, I'm a newbie to staking and hence have newbie queries :

I've recently(4-5 days now) started staking GB through my windows wallet. I'm seeing a trend how the staking is working in my wallet.

It stakes for some time, staking 2-3 GB coins and then stops staking and shows message "Not staking because you don't have mature coins".
Is this behavior normal ? Query 1

I posted a query about this message earlier here and the dev informed me that the term "mature coins" means the coin should be available in my
open wallet for a certain amount of time for staking to start.

The way I understood this is once the said certain amount of time criteria is met then my staking would start and would continue until I add new coins to the wallet - is this correct ? Query 2

The problem for me that the message ("Not staking because you don't have mature coins") is not very helpful as it is very generic and does not
inform when I would've mature coins again ? Query 3

Also when we talk about "mature coins" - is there any specific time period after which coins would mature for staking or is it random or does it depends upon the number of coins I've in my wallet ? Query 4

penoze

legendary

Activity: 1235

Merit: 1003

https://minepi.com/cryptomeneer

Quote from: Splatters on October 19, 2014, 02:22:17 AM

OMG amazing news. Next week gonna be really crazy!
I'm still holding since the ico, I'm very happy to be part of this productive coin.
Great job!

We're first now, DO NOT FORGET TO VOTE: http://cryptofolio.info/welcome/vote

VOTED!!

Splatters

legendary

Activity: 1232

Merit: 1000

★YoBit.Net★ 1400+ Coins Exchange

OMG amazing news. Next week gonna be really crazy!
I'm still holding since the ico, I'm very happy to be part of this productive coin.
Great job!

We're first now, DO NOT FORGET TO VOTE: http://cryptofolio.info/welcome/vote

GreenBacksTeam

full member

Activity: 168

Merit: 100

Hey guys, so we know we announced that something would be released within 36 hours, but it is being delayed a little bit due to security reasons. The release is in regards to the Web Wallet! In terms of development, the web wallet is finished, we tested POS and everything is going great. The only thing preventing the web wallet from releasing is waiting on SSL to be finished integrating. In protection of our community and users of the web wallet, we will not release before then in order to keep the wallet secure for everyone. We anticipate this being finished early next week. Here is a screenshot to show the web wallet though, so that you guys know it is finished:

Along with this release this week, we plan to release the completed final Accelerator this week, and maybe the Android wallet will be finished this week. Overall, this is a big week for GreenBacks, and the support has been seen. We might be adding additional features to the web wallet in the future as well, our developer who is working on it is very talented, and add a large number of additional features. We will look into those after all these projects are finished and released though.

kcanup

legendary

Activity: 1484

Merit: 1000

Quote from: kpierce77 on October 18, 2014, 09:51:57 PM

Did I miss something? Is there a new announcement that I missed causing the upswing or is this just another random pump?

Nobody is pumping.. New people are getting in

kpierce77

legendary

Activity: 1540

Merit: 1002

Did I miss something? Is there a new announcement that I missed causing the upswing or is this just another random pump?

GreenBacksTeam

full member

Activity: 168

Merit: 100

Quote from: imd1 on October 18, 2014, 01:27:57 PM

Quote from: Splatters on October 18, 2014, 05:31:53 AM

Vote greenbacks here : http://cryptofolio.info/welcome/vote
We're not so far to the first place, just more support!!

casted my vote !!

We just voted as well, and we invite all of you to please vote!

http://cryptofolio.info/welcome/vote

imd1

member

Activity: 110

Merit: 10

Quote from: Splatters on October 18, 2014, 05:31:53 AM

Vote greenbacks here : http://cryptofolio.info/welcome/vote
We're not so far to the first place, just more support!!

casted my vote !!

Cryptoadvice_82

sr. member

Activity: 329

Merit: 250

Quote from: GreenBacksTeam on October 18, 2014, 02:25:24 AM

Quote from: chronicsky on October 18, 2014, 02:04:03 AM

Anyways, how is green backers project going?

Definitely expect news on that this week coming up!

Great news...and price already doubled last hours!
Exiting to see poker site project, once finish will add a lot of value to GB

burner2014

hero member

Activity: 952

Merit: 515

Looks good.

I am in!

Very cheap!

zarton

full member

Activity: 238

Merit: 100

Thanks for the news, watching the development and awaiting for new updates.

Splatters

legendary

Activity: 1232

Merit: 1000

★YoBit.Net★ 1400+ Coins Exchange

Vote greenbacks here : http://cryptofolio.info/welcome/vote
We're not so far to the first place, just more support!!

GreenBacksTeam

full member

Activity: 168

Merit: 100

Quote from: chronicsky on October 18, 2014, 02:04:03 AM

Anyways, how is green backers project going?

Definitely expect news on that this week coming up!

chronicsky

legendary

Activity: 2828

Merit: 1222

Just looking for peace

Anyways, how is green backers project going?

GreenBacksTeam

full member

Activity: 168

Merit: 100

Quote from: microsurfer on October 17, 2014, 12:57:29 PM

When is the announced big launch supposed to happen??

The announce will happen when we finish testing. If we have any complications in testing, it may get pushed back, but everything is well so far.

In regards to the poker site, CarltonBanksy has messaged us to let us know he is working hard on it. It is a very big project, but it is on the way as well.

kcanup

legendary

Activity: 1484

Merit: 1000

Soo silent here Shocked

microsurfer

member

Activity: 177

Merit: 11

When is the announced big launch supposed to happen??

kcanup

legendary

Activity: 1484

Merit: 1000

We are ready for big launch today. Coin price is very low right now so dev should come up with not only big but very big launch to push this coin forward.. waiting to see see whats on the plate for today. Good luck

neutraLTC

legendary

Activity: 1492

Merit: 1021

Quote from: GreenBacksTeam on October 16, 2014, 02:44:46 PM

Quote from: ph4nt0m on October 16, 2014, 01:38:37 PM

Quote from: GreenBacksTeam on October 16, 2014, 11:18:14 AM

Quote from: Coinse-Codey on October 16, 2014, 10:59:34 AM

Quote from: ph4nt0m on October 15, 2014, 07:54:30 PM

Quote from: bobcaticus on October 15, 2014, 07:06:15 PM

2 months since release, price is trading now at 160 - yikes.

Smells dead. Bagholders and no buy orders. Devs, do you care to buy back anything? That's what your stability fund is for. Of course, if you haven't spent all those 112 BTC of ICO on whores and blackjack.

Oh yea the stability fund!

The stability fund is still staking, and has been since day 1. We are adding to it, and growing it slowly, as we said we would.

"We will use 2% of the ICO funds to buy GreenBacks from the market when the coin is officially launched, and we plan to continually buy more coins over time."

I bet this is the right time for you to buy more if you're confident in what you're doing. If the market price falls below the ICO price and keeps there, it's a very bad sign.

We did spend 2% of ICO funds to buy for the stability fund originally, and we have put up buy support for now, as well as bought off the market a number of times. Though, we are not in control of the market; traders control the market. We are working for this coin to follow through on developments, and so far have delivered many things.

I agree with you, ultimately it's a free market. Good job on development

Topic: [ANN][GB] $ GreenBacks $ ~ A Complete Currency & Infrastructure ~ - page 22. (Read 224609 times)