Topic: 🆗[ANN][OK] Okcash | ⚡Fast | LTSSposv3hybrid | Easy to use | Reliable | ROKOS ✅ - page 110. (Read 459151 times)

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OKCash – The Social Cryptocurrency; for the people by the people
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There should be already some info in past threads and over the FAQ at the okcash.co website,

In easy terms:

You can imagine staking like mining, with the difference that for stake, the power of your mining is determined by the weight (number of coins / staking time) instead of the special equipment required for PoW.

It means that your Coins and OK Wallet are constantly participating and trying to get their stakes into the system, so only difference
between having more staking power or less, is the time it will take it to stake, as more weight helps stake faster, (just like bigger miners gets PoW rewards faster)  but in OK, even the ones staking with 1000 Ok will get their yearly returns, as you say, it might take them a bit longer to
see their first stake coming in, but they WILL come in and get their proper yearly returns on those coins.

So yeah, you can leave wife wallet on and check when the first stake hits, % of network staking affects it as well, as just like mining, difficulty to solve the blocks keeps changing, so with less % of network staking is easier to get more constant stakes accepted, in theory they should get their
yearly returns even if they are staking 1 OK (might take few months depending on the % of network staking, but they will get their Stake reward)

Hope it helps, there is a new board over the http://okcashtalk.org forums dedicated to staking, so we can start gathering all the info in there for new users as well. not officially released yet, but even so already functional and ready for everyone that would like to signup to become part of the community.

Hope it helps, Kind Regards.

That is a bit strange, the wallet syncs fast, just yesterday made a test, it synced in around 7-10 hrs.
(sometimes even bandwidth / system resources can affect this)

Even so, there is an Instant OK-blockchain that you can download, uncompress and place it into your .okcash datafolder

With the Instant OK-blockchain you will be synced in few minutes, feel free to download and give it a try it gets updated constantly:

https://github.com/okcashpro/ok-blockchain/releases/tag/latest

New wallet is even faster as well, is getting shared in the next hours after it gets ready for release.

Let us know if there's anything we can help with or join the OK slack for support over http://okcash.herokuapp.com

Cheers

o damn,why okcash wallet is so slow syncing? after 3 hours only 3.91%

is there somewhere I can reference the way in which the staking system works ? So far I have several things I wonder about like what's how much time will need to pass till coins mature, smaller amounts seem to mature faster than large chunk transfers I moved 10,000 coins it matures in a few hours, do it with 80,000 coins and 2 days later it didn't mature, ended up restacking my entire wallet. 
 
Another is I know from Diamond and noble coins POS they have worked out it's best to transfer certain number of coins per transactions and total number of coins for the best staking chances, has anyone looked into this ?

Min stake percentage to be a useful node, that is, my wifes laptop with 1330 coins on it says stakes in 9 days or something, though I feel it chances of staking are so very low it may never even stake, is that the right way of thinking ? or will a wallet with almost no coins in it like hers actually stake at some stage and still reach its yearly target of return ?

thanks again you made it super easy for me to follow how all this works, I am wanting to learn more  

Hey crazyearner!

Absolutely.  Everyone can earn little bits by retweeting, posting and supporting okcash.  I am on slack alot and control some of the community funds, for small actions like this, its easy.

But with your nickname and post, i think you mean some real good chunks of ok.

Absolutely.

We need proposals on how best to grow okcash, and what your project is to accomplish that, and what you are requesting in return as a bounty.  We are doing a loose census among those who can support with their own okcash, but soon will move to POSV3 governance model, as well as i'm trying to corral a group similar to the Dash Whales.

Reach out if you want to talk any details in private.

Slack:
okcash.herokuapp.com

Any other ways to earn OK other than to stake this coin. Any node rewards in place for this coin. Little new here and reading up on it?

I forgot to say while i was gone i got a handful of private messages, wishing me best luck.  I wanted to publicly  thank everyone for their support.  I treasure your privacy, so won't be posting names

You guys rock!

Great to hear! 

Awesome, that did it, thanks Toshi. you're awesome got me near 100k of your coins and aiming to acquire more as I can afford them

Awesome, and yes IoT + OK rules, the most energy friendly device and fast and sustainable currency.

About Clients, nodes, fullnodes in easy terms:

The OK Nodes are (non graphical wallet) and Clients are (Graphical wallets)

Both of this use the Full blockchain, meaning both of them are Fullnodes.

The ones that are not fullnodes are the ones that use thin clients or electrum servers, like Coinomi and most android multiwallets.

Some Web wallets do use electrum servers as well, as this ones does not parse and save the whole chain, this can not be fullnodes.

Fullnodes help secure the network by keeping a full copy of the blockchain, while the electrum servers alike just make use of it.

Hope it helps, feel free to ask any further doubt.

Great price recovery! Seems like people are accumulating lots of OK 

Thank you Toshi, your explanation was super easy. I have now got my wallet setup and have staked 5 times since your last message 7 watts ....I am amazed, I have mined with GPUs, I have had OK on my laptop, 293 watts less out of 300  to use the Pi love it! Can you make it easy to understand the difference between Client and full node and what are the benefits / shortfalls of running either ?

When the price stays but volume continues.... blocks like this are a good good sign...

https://chainz.cryptoid.info/ok/block.dws?792444.htm

Coins are drying up on trex, we would like a polo addition ;-)

They are auto detected (mounted)

Do:

1.- Plug the USB
2.- Go to the /media/usb  folder (you will see all your usb content)

and if want to securely remove the USB do:

1.- Open a terminal and type:    sudo umount /media/usb
2.- Remove USB

Thank you for your responce, I have it all up and going, but I cannot get a USB card to work in the Pi so I can put my wallet.dat on there and start staking. I thought it would just be like windows and I could plug and play my way to the card, but maybe no ? I am told it is, but 4 cards later, cards plugged in from turning on... nothing can I bypass this step and maybe install the file right onto the SD card ? would prefer to learn how to kick my USB into gear and get it going though, would make backing up a hell of a lot easier thanks

Ain't seen nothing yet

https://g.co/kgs/3bP7kd

Good work just comes naturally to OKToshi ... I'm sure his back hurts from all the pats he receives 

As for price .. in the immortal words of .... someone I can't think who it was ... "you ain't seen nothing yet"

Excellent job on the staking schedule! Also impressed with the recent price performance!

Okcash - Staking calcs improvements to be implemented - LTSS
Improvements to be implemented in PoS calculations to the Okcash Staking System.

original thread: http://okcashtalk.org/index.php/topic,16.0.html

Improvements to be implemented in PoS calculations to the Okcash Staking System.


LTSS POS Block Rewards
15 halvings: 69%(Pow/PoS start),
20%(year), 10%(year), 5%(year), 2.5%(year),
22%(year), 11%(year), 6.9%(2 years), 3.9%(2 years), 3.6%(2 years), 3.3%(2 years),
3%(10 years), 2%(10 years), 1%(10 years), 0.69%(10 years),  .33% (forward years [100+])

Okcash POS White Paper: okcash-whitepaper
Okcash LTSS White Paper: okcash-ltss-whitepaper
Okcash SEM White Paper: okcash-sem-whitepaper

*POS - Proof of Stake.
*SEM - Secure Encrypted Messaging.
*LTSS - Long Term Sustainable Staking.
*LTPoW - Long Term Proof of Work.

LTSS PoS calcs to the Okcash Staking System.
LTSS original thread: http://okcashtalk.org/index.php/topic,16.0.html

Technical Sustainability:
In aims to improve the OK system security , sustainability and reliability, while at the same time respecting scarcity and the original PoS expected supply growth proposed in the V1 LTSS WP.

Okcash came up with a solution to empower the system and secure LTSS.
Bitcoin has LTPoW lasting till the year 2140. OK LTTS (staking) will be lasting till the year 2148.
Making Okcash the best PoS partner for Bitcoin and Micro Transactions.

Following the Original schedule of expected distribution proposed on the V1 LTSS WP, and based on the past performance of the OK Network / Users / Staking for the first 5 years of Okcash,
we have improved and refined the LTSS System by fixing the halving periods based on past performance and future expectation of the Staking Network Percentage in the system to match the original Proof of Stake expected growth.

Economics: 15planned halvings will help stabilize and secure the network and appreciation as they kick in.
This system proposes: 6 halvings with a 1 year period, 4 halvings with a 2 years period, and 5 halvings with a 10years + period.
This halvings have been fixed to a 33.33 % / 16 .66 % and 10 % expectancy of staking network based on past 5 years performance of the OK chain.
After the 15th halving OK gets a fixated % (after year 2070*), this will normalize the OK network, help secure the chain growth and improve the distribution with the participants of the network , giving Okcash a constant and long term growth with organic appreciation.

* 501,257 blocks per year average.

Last OK coins to be PoS mined expected between years 2148 - 2XXX depending on the % of Network Staking.

Clean readable OK Staking % Calc - Improvements table: https://i.imgur.com/2XxJL6q.png

Full Long Term Staking Whitepaper: https://github.com/okcashpro/okcash-whitepapers/blob/master/LTSS/okcash-long-term-staking-whitepaper.pdf