Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 846. (Read 1192336 times)

There will be two independent ways of staking. The peercoin utxo based and the chances of winning a block depends on the amount of KMD in each utxo along with its coinage. The older it is, the higher chance it has to win, so eventually even small amounts will be able to win a block. Of course, a 1 satoshi utxo will probably never win a block, regardless of how old it is.

The issue of the utxo based staking is that you need to have many utxo if you have a large balance and this creates bloat and starts taking a fair amount of resources to stake. However, it is the time tested way for a decentralized staking and I prefer to use such time tested methods.

The other method is the NXT style that is based on total effective balance. That is the method the notary nodes will use and it wont matter how many utxo you have, though if you are spending them and it is not old enough, it wont have the staking power. There will be a bundle boundary balance that serves as a maximum possible and it is adjusted by any balance changes. This avoids attacks based on moving funds all around to addresses that would win a block. Also after an address gets a payout, it will need to "recharge". This will allow smaller addresses to win blocks.

With approx 1440 blocks per day, 1/1440'th total supply will on average win 1 block per day. So a balance of approx 2000 KMD should get staked once per month. And however long it takes, all the interest will then be paid out.

Anyway, the exact details are still subject to change, but I am working to allow people to passively earn 5% per year without having to do anything, but if so inclined would be able to proactively stake on their node.

Hi James, there is any minimum amount of KMD that needs to be held in order to get stakes? Or any amount is good? (i.e. even 1 token)

What is required instead, in order to become a node? If it is a minimum amount of tokens, how many?

Cheers

keep in mind the protected funds (zero knowledge) wont be able to be staked as there is no way to know the balances for those funds.

I am working on a way where people can stake as normal so they can make sure they will earn staking under their control, or they can just let the notary nodes stake for them. Keep in mind, if your total balance is low then it could be that you wont get many blocks at all, regardless if your node is staking directly or you let notaries do it.

The advantage to this dual nature is that even in the unlikely event that something happens to all the notary nodes, the network will still be able to generate blocks. That way we get a fully decentralized node by node staking, with the elected notary nodes staking as an overlay. Not sure I can get both to play nice with each other yet, but so far it is looking promising

Great! 

Everyone that holds KMD, will automatically get staked.

When you assume you look like an ass.

When you assume you look like an ass.

This last response shows exactly why you moon children have it all wrong.

I investigate altcoins as part of the same long term interest in computer science and particularly liberation technology which led me to Bitcoin.

Bitcoin is barely ready to accommodate "an investor."  The Winklevoss ETF process is a barometer of that immaturity.

No altcoin is ready for anything beyond the wildest, wooliest-eyed get-rich-quick speculation.

You're here for the pump and dump, and don't care about the tech even if you understood it.

I'm here primarily for intellectual pursuits; intramurals such as trolling scams like BTCD and KoMoDo are just a nice diversion.

Case in point: you guys are having waaay more fun ganging up on me than discussing the (shared) point that "no one is exactly banging down the door to use BTCD."

You really think you are "investing" in BTCD and its convoluted consequent exit scam?  You millennials are so cute sometimes!   

Bitcoin is barely ready to accommodate "an investor."  The Winklevoss ETF process is a barometer of that immaturity.

No altcoin is ready for anything beyond the wildest, wooliest-eyed get-rich-quick speculation.

You're here for the pump and dump, and don't care about the tech even if you understood it.

I'm here primarily for intellectual pursuits; intramurals such as trolling scams like BTCD and KoMoDo are just a nice diversion.

Case in point: you guys are having waaay more fun ganging up on me than discussing the (shared) point that "no one is exactly banging down the door to use BTCD."

You really think you are "investing" in BTCD and its convoluted consequent exit scam?  You millennials are so cute sometimes!  

I like to think he's an investor or was at some point.  From a time is money standpoint, it's not logical for someone to spend hours reading and making posts over the years about a project if they are not invested.

Having some trolls is good for every ico thread, in my opinion.  He bumps the thread and sparks banter/discussion.

I investigate altcoins as part of the same long term interest in computer science and particularly liberation technology which led me to Bitcoin.

Bitcoin is barely ready to accommodate "an investor."  The Winklevoss ETF process is a barometer of that immaturity.

No altcoin is ready for anything beyond the wildest, wooliest-eyed get-rich-quick speculation.

You're here for the pump and dump, and don't care about the tech even if you understood it.

I'm here primarily for intellectual pursuits; intramurals such as trolling scams like BTCD and KoMoDo are just a nice diversion.

Case in point: you guys are having waaay more fun ganging up on me than discussing the (shared) point that "no one is exactly banging down the door to use BTCD."

You really think you are "investing" in BTCD and its convoluted consequent exit scam?  You millennials are so cute sometimes!   

I know jl777 is a famous developer. But can someone summarize how many ICOs he launched and how many he delivered? I read somewhere that he likes to abandon projects.

I find all of this very interesting and the tech is promising.

I find all of this very interesting and the tech is promising.

However, I was not involved in and know nothing about SUPERnet or BTCD, so much of this thread is quite confusing for me.

I am finding it hard to make sense of the different angles here and to understand what I should do to maximise my value if I want to invest a decent amount of BTC into this.

Should I be buying BTCDs now to hold and exchange? how/where should I hold them? What's this business about dividends and getting some free stake in SUPERnet?

Really, if you want people like me to invest a lot of btc then you need to make it very clear for us exactly what we need to do now to get the max value from our investment.

If we get to the ICO and I find out that I could have got a few advantages by doing things differently (buying BTCD now etc) then it will put me off investing at all as I will feel I missed the real opportunity on offer - and many like me will feel the same.

I hope you'll make it very clear for those who have no knowledge of BTCD or SUPERnet exactly what they need to do now. If you want to attract 10's of thousands of btc then you will need to attract a lot of fresher blood than just your usual crowd. I applaud you not giving preferential treatment to BTCD holders. You are right, I would not invest a single btc if preference had been given. But don't forget, I also won't invest if I feel that I missed the boat on anything, and I know nothing about any of the other projects or income possibilities that are mentioned in this thread, they are not explained properly, so it leaves newcomers feeling very confused.

Please produce an idiot-proof guide for new btc investors with no previous knowledge of your other projects.

What should I be doing now if I want to get involved and get the most bang for my buck?

Thanks, good work, the scope and implications for the project are indeed fascinating.