Topic: [ANN][PHS][50% PoS] PhilosopherStone | NoPremine |10 month Dist | 1.6.4.1 - page 36. (Read 121954 times)

I wish to set up a p2pool server for PHS.
Could anyone help me with the settings in Networks.py?

I'm think of the philosopherstone=math.Object parameters.

Thx, wilco  

Ok thanks for ur response ( also to scryptographer)
so to sum up, i can leave the phs for example 4 months on paper wallet and after importing my private key,
they will start staking for these (120 days-(5-10days)) ?!
This is also what i thought, but wanted to be sure about it!
Maybe we can also hear Palm to confirm this statement!

With CGB u have to send the coins every 90 days to another paperwallet to get the max coins!
When i read this, it makes me think to ask here for my lovely PHS! ;-))

Had the same issue some days ago!
Upgrade to latest version Philosopherstone-1.4.1 should fix this problem!

I sometimes get a warning "checkpoint is too old" in my wallet (v1.3.0.0), should I update the wallet then?

Hey Mates,

got a question how the proof of stake exactly works!

I'm using paper wallets, if i send my PHS to paper wallet, they are staking after 5-10 days! That`s clear to me!
But should i have to import my private keys after a special period of time to get the max stake?

Or is it just sending them to paper wallet and dont have to do anything after it, and it's staking the whole time?

Does it make a difference, if i send 1000 PHS to one wallet, or 10 x 100 PHS ?

Thanks for your help!!

Hey Mates,

got a question how the proof of stake exactly works!

I'm using paper wallets, if i send my PHS to paper wallet, they are staking after 5-10 days! That`s clear to me!
But should i have to import my private keys after a special period of time to get the max stake?

Im not sure, but i think you dont need to  .. Palm would answer you

Or is it just sending them to paper wallet and dont have to do anything after it, and it's staking the whole time?

Does it make a difference, if i send 1000 PHS to one wallet, or 10 x 100 PHS ?

1000 will generate 1 big stake
10x 100 will generate 10 smaller stakes...

Right Palm ?

Thanks for your help!!

"miners tend to sell" this made ie. Freicoin are very hard standing, wonder how all the srypts will survive...
Interesting facts, seeing PHS in more or less certain price regions over many months manifesting your arguments.
Just be clear, claiming the double of a more and more destructive biz feels like the right thing to do, without irony 50% are fine for now.

I watch most of the PoS based coins to see real world examples, as its very interesting to me long term. 50% sounds high traditionally when comparing to 'real world assets' ie. savings accounts, bonds, stocks, etc... in cryptos, however,  you factor in lost days from tx's, exchanges and pools not staking, and the big tx fee destruction (right now its .01 per tx or 1 stone per 100tx standard tx, lost or forgotten paswords/wallets, And you get closer to 15% or less?  Just monitor current money supply and come to your own conclusion, will we hit 2 million at 1 year?  Compare this to bitcoin inflation 2nd year was 100%!

 1% with fee destruction and you'll have deflationary crypto. If we went PoS only, stone creation would be very very low, too low really (for now), it may already be a liquidity problem and why high money supply coins have been doing quite well. (blackcoin 75 million is even small to some of these newer ones)

Ultimately, It's really up to the userbase, PHS is open source and open for other developers too. I think even a reduction to 25% and removal of PoW would keep the stone supply constant. Factors such as increase TX usage would make it deflationary even now quite easily (with larger adoption or even a simple site like dice).


as far as my estimates based on some querries run on the chain, about 80-90% of pow created stones are sold very quickly, with 10-20% of PoS being sold. IE stakers tend to reinvest, miners tend to sell.