[ANN][PSB] Pesobit, the currency for remittances and international cooperation - page 156.

Isolani159

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Quote from: Pioneer88 on August 27, 2016, 02:42:08 AM

Quote from: Isolani159 on August 27, 2016, 02:29:37 AM

Quote from: Pioneer88 on August 27, 2016, 02:18:01 AM

Quote from: Digitalbitcoin on August 26, 2016, 11:58:20 PM

Pesobit is undergoing upgrade.

Pesobit will upgrade to a better form of Staking taken from Crypto Bullion (CBX) which is PoSP. It aims to reward holders as well as users having their wallets connected to the network for staking. Further explanation will be posted regarding PoSP or Proof-of-Stake Participation.

Pesobit announced it officially on twitter and facebook.

Lets hope soon will get wallet !

What is different between POS and POSP. Is PoSP really superior to PoS?
I'm rather familiar with PoS. There's not any problem that I face to. The profit is gainning when I stake for long time.

The interest reward in PoSP is variable based on the actual level of network securing participation (staking and minting) at any particular time and is designed to reallocate the reward from non-participating entities (not staking and minting) to those participants who are more deserving for providing the service of securing the network.

This means Network of PoSP coin will be more secure and holders will get more benefit.

Ex. You hold two coins (one PoS and one PoSP) that almost have all same features (algorithm, staking rate, max supply, network weigh...) for the same duration. You will get more coins from PoSP than PoS.

This means when two coins have their holder 100% run clients to stake, there won't be different. However this seems hard to become reality because there're a lot of coins stored in cold wallets, in exchanges' wallets...Then POSP staker will be more beneficial.
Another question: according to the explanation above, the less number of stakers (less network weigh) the more benefit for stakers themself. Is this true? If it's true. The network security will be harmfully affected.

That's true. However the network in PosP is more secure than in POS. This is demonstrated by the fact that the origin coin of POSP (CryptoBullion CBX) has achieved a good standing in cryptocurrency world with the most number of nodes comparing to other POS coins up to now.

Pioneer88

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Quote from: Isolani159 on August 27, 2016, 02:29:37 AM

Quote from: Pioneer88 on August 27, 2016, 02:18:01 AM

Quote from: Digitalbitcoin on August 26, 2016, 11:58:20 PM

Pesobit is undergoing upgrade.

Pesobit will upgrade to a better form of Staking taken from Crypto Bullion (CBX) which is PoSP. It aims to reward holders as well as users having their wallets connected to the network for staking. Further explanation will be posted regarding PoSP or Proof-of-Stake Participation.

Pesobit announced it officially on twitter and facebook.

Lets hope soon will get wallet !

What is different between POS and POSP. Is PoSP really superior to PoS?
I'm rather familiar with PoS. There's not any problem that I face to. The profit is gainning when I stake for long time.

The interest reward in PoSP is variable based on the actual level of network securing participation (staking and minting) at any particular time and is designed to reallocate the reward from non-participating entities (not staking and minting) to those participants who are more deserving for providing the service of securing the network.

This means Network of PoSP coin will be more secure and holders will get more benefit.

Ex. You hold two coins (one PoS and one PoSP) that almost have all same features (algorithm, staking rate, max supply, network weigh...) for the same duration. You will get more coins from PoSP than PoS.

This means when two coins have their holder 100% run clients to stake, there won't be different. However this seems hard to become reality because there're a lot of coins stored in cold wallets, in exchanges' wallets...Then POSP staker will be more beneficial.
Another question: according to the explanation above, the less number of stakers (less network weigh) the more benefit for stakers themself. Is this true? If it's true. The network security will be harmfully affected.

Lutzow

hero member

Activity: 728

Merit: 500

Quote from: Pioneer88 on August 27, 2016, 02:18:01 AM

Quote from: Digitalbitcoin on August 26, 2016, 11:58:20 PM

Pesobit is undergoing upgrade.

Pesobit will upgrade to a better form of Staking taken from Crypto Bullion (CBX) which is PoSP. It aims to reward holders as well as users having their wallets connected to the network for staking. Further explanation will be posted regarding PoSP or Proof-of-Stake Participation.

Pesobit announced it officially on twitter and facebook.

Lets hope soon will get wallet !

What is different between POS and POSP. Is PoSP really superior to PoS?
I'm rather familiar with PoS. There's not any problem that I face to. The profit is gainning when I stake for long time.

With PoS, there's no benefit whether you have your wallet online 24/7 or just an hour a day. PoS allows you to accumulate coin-age even offline which in turn allows you to recover all your staked coins. In PoSP, if your wallet is offline you won't get any staked coins and instead pass it over to those who are online making PoSP promotes a longer online time for holders to have their wallets connected to the network which results to more nodes in the network. Periodical stakers loses in PoSP as it benefits the holders allowing one to be able to earn more than the inflation rate of the coin if his wallet is connected for most of the time.

Isolani159

sr. member

Activity: 478

Merit: 252

Quote from: Pioneer88 on August 27, 2016, 02:18:01 AM

Quote from: Digitalbitcoin on August 26, 2016, 11:58:20 PM

Pesobit is undergoing upgrade.

Pesobit will upgrade to a better form of Staking taken from Crypto Bullion (CBX) which is PoSP. It aims to reward holders as well as users having their wallets connected to the network for staking. Further explanation will be posted regarding PoSP or Proof-of-Stake Participation.

Pesobit announced it officially on twitter and facebook.

Lets hope soon will get wallet !

What is different between POS and POSP. Is PoSP really superior to PoS?
I'm rather familiar with PoS. There's not any problem that I face to. The profit is gainning when I stake for long time.

The interest reward in PoSP is variable based on the actual level of network securing participation (staking and minting) at any particular time and is designed to reallocate the reward from non-participating entities (not staking and minting) to those participants who are more deserving for providing the service of securing the network.

This means Network of PoSP coin will be more secure and holders will get more benefit.

Ex. You hold two coins (one PoS and one PoSP) that almost have all same features (algorithm, staking rate, max supply, network weigh...) for the same duration. You will get more coins from PoSP than PoS.

dilemamis

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waiting exchange

Pioneer88

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Quote from: Digitalbitcoin on August 26, 2016, 11:58:20 PM

Pesobit is undergoing upgrade.

Pesobit will upgrade to a better form of Staking taken from Crypto Bullion (CBX) which is PoSP. It aims to reward holders as well as users having their wallets connected to the network for staking. Further explanation will be posted regarding PoSP or Proof-of-Stake Participation.

Pesobit announced it officially on twitter and facebook.

Lets hope soon will get wallet !

What is different between POS and POSP. Is PoSP really superior to PoS?
I'm rather familiar with PoS. There's not any problem that I face to. The profit is gainning when I stake for long time.

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

Pesobit is undergoing upgrade.

Pesobit will upgrade to a better form of Staking taken from Crypto Bullion (CBX) which is PoSP. It aims to reward holders as well as users having their wallets connected to the network for staking. Further explanation will be posted regarding PoSP or Proof-of-Stake Participation.

Pesobit announced it officially on twitter and facebook.

Lets hope soon will get wallet !

@Hakermania@

hero member

Activity: 728

Merit: 500

MenaPay - Crypto made easier than cash

this coin is great! i would love to join the ico! thanks dev team

Lutzow

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Activity: 728

Merit: 500

Quote from: aqris on August 26, 2016, 06:35:03 PM

Quote from: Lutzow on August 26, 2016, 03:27:23 AM

Definitely Bittrex and Polo. For some other exchanges what do you think about:
c-cex
cryptopia
bitsquares
bter

From this list, in addition to the Bittrex and Polo is worthy only c-cex. But it's personally my opinion, other Exchange I almost don't use.

Yes I understand, the others are just minors that most are not using but still a good fall back plus some are also using them avoiding the big ones.

Quote from: blocks.explorer on August 26, 2016, 02:35:10 PM

Dev, is there already a date or number of days after ICO when the ICO coins will be released to investors and the blockchain launched?

ICO will be released the following day after the ICO. As for the block explorer, it is already being arranged with cryptoid so it will be ready before the end of ICO.

aqris

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Quote from: Lutzow on August 26, 2016, 03:27:23 AM

Quote from: Galer on August 25, 2016, 07:51:40 PM

Quote from: Lutzow on August 25, 2016, 11:44:34 AM

Quote from: Darwin02 on August 25, 2016, 07:46:04 AM

Quote from: lIbErTyl on August 25, 2016, 05:42:32 AM

I'm just looking forward to a month will pass quickly.
Some of my PSB decreased from more than 1 million to nearly 500,000 Cry

Of course it will decrease the value of it is increasing that why its happen it's normal in ico , it is your first time to try it? I hope it will not listed in yobit there so much bug there find other exchange like bitrex,polonex, or c-cex so I will try to trade it.

Yes, Yobit is a no-no. A lots of users are having problems with that site. We need credible exchanges only.

Yes Yobit is full of shit coin.If have new coin release they pump a 2 days but after that they dump easily and going to dead coin.You should go in Bittrex and Poloniex they have more potential than Yobit.

Definitely Bittrex and Polo. For some other exchanges what do you think about:
c-cex
cryptopia
bitsquares
bter

From this list, in addition to the Bittrex and Polo is worthy only c-cex. But it's personally my opinion, other Exchange I almost don't use.

blocks.explorer

sr. member

Activity: 473

Merit: 250

Dev, is there already a date or number of days after ICO when the ICO coins will be released to investors and the blockchain launched?

supercops

hero member

Activity: 589

Merit: 502

so 10% bonus is still available until 28th august,but i have low btc right now. already asking for a small loan for a small investment in Pesobit ICO

Lutzow

hero member

Activity: 728

Merit: 500

Quote from: ?? on ??

Quote from: Lutzow on August 26, 2016, 11:41:55 AM

Pesobit will be upgraded to a PoSP coin. PoSP rewards users that are more online (in terms of their wallets) which is better. In typical PoS, everyone is rewarded regardless on how long they helped secured the network. This allows those who are staking more to earn more than just the 5% inflation. Earn more than 5% while retaining a low inflation of Pesobit Smiley

Wow its a great news But we are still waiting for wallet to keep safe our coins.
As Now I can just see balance in web wallet and its fluctuating as per day by day!

So its better to stake iot within wallet securely to get PoSP for staking PSB in wallet.

Every staker have good opportunity to get extra benefit on staking of PSB

As done on every ICOs, coin values and the releasing of the coin is at the end of the ICO period. We will be releasing the wallet before the ICO ends but you can only withdraw your Pesobits upon coin distribution.

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

When will release pesobit wallet as already getting lots of PSB decreased in web account !
Still waiting for Wallet to stake PSB.

Quote from: Lutzow on August 26, 2016, 11:41:55 AM

Pesobit will be upgraded to a PoSP coin. PoSP rewards users that are more online (in terms of their wallets) which is better. In typical PoS, everyone is rewarded regardless on how long they helped secured the network. This allows those who are staking more to earn more than just the 5% inflation. Earn more than 5% while retaining a low inflation of Pesobit Smiley

Wow its a great news But we are still waiting for wallet to keep safe our coins.
As Now I can just see balance in web wallet and its fluctuating as per day by day!

So its better to stake iot within wallet securely to get PoSP for staking PSB in wallet.

Every staker have good opportunity to get extra benefit on staking of PSB

ostrogoto2012

hero member

Activity: 1134

Merit: 501

i trust dev team pesobit! i will buy some at the ico!

Lutzow

hero member

Activity: 728

Merit: 500

Pesobit will be upgraded to a PoSP coin. PoSP rewards users that are more online (in terms of their wallets) which is better. In typical PoS, everyone is rewarded regardless on how long they helped secured the network. This allows those who are staking more to earn more than just the 5% inflation. Earn more than 5% while retaining a low inflation of Pesobit Smiley

Lutzow

hero member

Activity: 728

Merit: 500

Quote from: Galer on August 25, 2016, 07:51:40 PM

Quote from: Lutzow on August 25, 2016, 11:44:34 AM

Quote from: Darwin02 on August 25, 2016, 07:46:04 AM

Quote from: lIbErTyl on August 25, 2016, 05:42:32 AM

I'm just looking forward to a month will pass quickly.
Some of my PSB decreased from more than 1 million to nearly 500,000 Cry

Of course it will decrease the value of it is increasing that why its happen it's normal in ico , it is your first time to try it? I hope it will not listed in yobit there so much bug there find other exchange like bitrex,polonex, or c-cex so I will try to trade it.

Yes, Yobit is a no-no. A lots of users are having problems with that site. We need credible exchanges only.

Yes Yobit is full of shit coin.If have new coin release they pump a 2 days but after that they dump easily and going to dead coin.You should go in Bittrex and Poloniex they have more potential than Yobit.

Definitely Bittrex and Polo. For some other exchanges what do you think about:
c-cex
cryptopia
bitsquares
bter

Galer

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Activity: 406

Merit: 250

FameCoin, Viral Photo sharing on Blockchain

Quote from: Lutzow on August 25, 2016, 11:44:34 AM

Quote from: Darwin02 on August 25, 2016, 07:46:04 AM

Quote from: lIbErTyl on August 25, 2016, 05:42:32 AM

I'm just looking forward to a month will pass quickly.
Some of my PSB decreased from more than 1 million to nearly 500,000 Cry

Of course it will decrease the value of it is increasing that why its happen it's normal in ico , it is your first time to try it? I hope it will not listed in yobit there so much bug there find other exchange like bitrex,polonex, or c-cex so I will try to trade it.

Yes, Yobit is a no-no. A lots of users are having problems with that site. We need credible exchanges only.

Yes Yobit is full of shit coin.If have new coin release they pump a 2 days but after that they dump easily and going to dead coin.You should go in Bittrex and Poloniex they have more potential than Yobit.

Pioneer88

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Activity: 572

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Quote from: Lutzow on August 25, 2016, 11:44:34 AM

Quote from: Darwin02 on August 25, 2016, 07:46:04 AM

Quote from: lIbErTyl on August 25, 2016, 05:42:32 AM

I'm just looking forward to a month will pass quickly.
Some of my PSB decreased from more than 1 million to nearly 500,000 Cry

Of course it will decrease the value of it is increasing that why its happen it's normal in ico , it is your first time to try it? I hope it will not listed in yobit there so much bug there find other exchange like bitrex,polonex, or c-cex so I will try to trade it.

Yes, Yobit is a no-no. A lots of users are having problems with that site. We need credible exchanges only.

Great news. Bittrex and Poloniex would be the target for Pesobit trading after lanching. Dev should start a campaign for adding Pesobit to Bittrex and Poloniex. C-CEX is also good.

Lutzow

hero member

Activity: 728

Merit: 500

Quote from: Darwin02 on August 25, 2016, 07:46:04 AM

Quote from: lIbErTyl on August 25, 2016, 05:42:32 AM

I'm just looking forward to a month will pass quickly.
Some of my PSB decreased from more than 1 million to nearly 500,000 Cry

Of course it will decrease the value of it is increasing that why its happen it's normal in ico , it is your first time to try it? I hope it will not listed in yobit there so much bug there find other exchange like bitrex,polonex, or c-cex so I will try to trade it.

Yes, Yobit is a no-no. A lots of users are having problems with that site. We need credible exchanges only.

Topic: [ANN][PSB] Pesobit, the currency for remittances and international cooperation - page 156. (Read 208455 times)