How do you calculate estimated staking reward and time to generate reward for n amount of coins ?
I answer you, I hope you will help someone else (as this question is quite recurring) :
http://www.cryptonode.co/Pivx dropping and dropping, where is the flooor______?
just wait ,, the price will go up shortly,,
i also hold this PIVX at this moment
Careful
Presstab is same dev guy from HYP which is now dead coin which did a similar run to PIVX and crashed burned , Presstab is involved with PIVX , another igotspot type fellow don't say you didn't get warned.
Found out earlier and me and some others in my group bailed out and sold all our coins. Good luck think smart money peps. Time to move onto another coin people.
Tell something more about this dev if you can and have proper info.
HYP is a fun coin. It definitely never saw anything close to what pivx did (top market cap ever was $800k). A lot of the community moved on from it after a year or two, and there is nothing I can really do about that (not a marketer, just a coder). The community that remained voted against making protocol updates that I wanted to make in order to make it have a bit better economics and such, so the development of it really got into a stalement. I would love to figure out a way to get the community to jump on board to revive that coin, but they were pretty stubborn. I still have dreams about adding really cool staking protocols to HYP that would be an industry first, but stubborn bagholders dont seem interested.
I have worked on many coins, I hire out as "free lance" coin development work, and also owner of a block explorer service. I wasn't part of the creation of Pivx, but was hired a few months later to do some work for Pivx such as replacing proof of work with proof of stake, BIP38 tools, MultiSend, and a few others. Once I saw that other developers were interested in working as a team on Pivx, I decided that was great (I havent ever worked on a coin with a team of good qualified developers) and that I wanted to be part of the permanent team. One of the other things that I love about Pivx is that all I have to do is stick to coding, don't have to handle any marketing (have a whole marketing team for that), and even don't have to provide user support (there is a support team for that too).
Now I (and the other devs) are working on super sexy refactoring of zerocoin that will be implemented into Pivx. It really is exciting code to be writing and refactoring, and I really think it will make Pivx one of the top competitors in the anonymous transaction battle. I find it incredibly satisfying to work on something that is going to make a difference. Also I am not going to lie, the fact that the upcoming budget will likely have coins paid to the dev team is also a huge plus for me.
If you are worried about me jumping ship from Pivx, that isn't something you should worry about. Feel free to have a chat with me on slack if you have any concerns or questions.
Applause !!! It's masterful answer to fud by Presstab ! this is how it's done.
No timelines at all other than "2017". Any business that is successful has a timeline, and just wish we could be more specific. If the goals aren't reached, at least you have an idea of whether we're on track, ahead of time or need to put some extra work in.
We don't like releasing timelines because it encourages quick and shitty code if we are running up against the timeline and need to get things finished. I can tell you that right now we are working on our zerocoin implementation and hoping to have it in the testing phase within the next 3 weeks. Then we will squash the bugs, add to the implementation to make it more exceptional, test again, squash, test, squash, then hopefully move on to release process. My estimate would be at least 2.5 months for all of that (if things go according to plan), but could be longer.
Then after zerocoin the plan is to move on to governance. We haven't studied it hard enough, so I can't give any 'timeline' for you on that.
I am in total agreement ! No stress my dear, serious users are here for the long term. Until it's our main currency of daily use.