[ANN][RDD] Reddcoin The Social Currency [PoSV] Electrum Wallet 1.0.2 - page 11.

coinbuyer2580

sr. member

Activity: 276

Merit: 250

Quote from: RenegadeMan on September 16, 2014, 04:49:22 PM

Quote from: Cointang on September 13, 2014, 08:37:13 PM

I have a little over 1200000 redd and I get about 1400 - 1800 redd a day. Does that seem right?

Complete and utter BS Cointang. If this is how much you're receiving EVERYDAY on your 1.2mil RDD then the coin is seriously broken as inflation will kill it within weeks.

I have 3.1 mil RDD and I see a payment of around 1,500 coins every 3 to 4 days (sometimes faster/sometimes slower than this and sometimes greater amounts). If you do the maths this works out to around 5% per annum which is right on target for what PoSV is supposed to provide.

If you're going to tell tall stories, I think you need to at least work through the figures and come up with something half reasonable before blurting out a BS statement like that, it just misleads everyone and causes noobs to worry that their wallet staking mustn't be working.

I concur, and you are right statements like this could scare new comers to the Reddcoin community ultimately hurting the economy. I made a post calling this poster out already with no reply.

RenegadeMan

hero member

Activity: 658

Merit: 500

Quote from: Cointang on September 13, 2014, 08:37:13 PM

I have a little over 1200000 redd and I get about 1400 - 1800 redd a day. Does that seem right?

Complete and utter BS Cointang. If this is how much you're receiving EVERYDAY on your 1.2mil RDD then the coin is seriously broken as inflation will kill it within weeks.

I have 3.1 mil RDD and I see a payment of around 1,500 coins every 3 to 4 days (sometimes faster/sometimes slower than this and sometimes greater amounts). If you do the maths this works out to around 5% per annum which is right on target for what PoSV is supposed to provide.

If you're going to tell tall stories, I think you need to at least work through the figures and come up with something half reasonable before blurting out a BS statement like that, it just misleads everyone and causes noobs to worry that their wallet staking mustn't be working.

V500

member

Activity: 98

Merit: 10

Quote from: coinbuyer2580 on September 16, 2014, 12:11:59 AM

Quote from: V500 on September 15, 2014, 11:01:39 PM

was looking at the roadmap. It says there will be an announcement on social x secret project. Is it already known what that is? If not, when will be the announcement?

From what I can tell from the whitepaper social x will allow for secure flawless one click social tipping without the need for 3rd party entities leaving you with total control of your coins at all times.

was it officially announced already? When is implementation?

coinbuyer2580

sr. member

Activity: 276

Merit: 250

Quote from: V500 on September 15, 2014, 11:01:39 PM

was looking at the roadmap. It says there will be an announcement on social x secret project. Is it already known what that is? If not, when will be the announcement?

From what I can tell from the whitepaper social x will allow for secure flawless one click social tipping without the need for 3rd party entities leaving you with total control of your coins at all times.

V500

member

Activity: 98

Merit: 10

was looking at the roadmap. It says there will be an announcement on social x secret project. Is it already known what that is? If not, when will be the announcement?

ManeBjorn

legendary

Activity: 1288

Merit: 1004

Just download and sync.
It works well so far.
I was also able to import the key from a messed up qt wallet I was using and recover my coins.

Quote from: waqas on September 15, 2014, 04:22:39 PM

Quote from: ManeBjorn on September 15, 2014, 01:02:21 PM

It is the Social Wallet.
It has some fun features I am just exploring now.
The wallet is right on the Reddcoin website.

Quote from: aso118 on September 15, 2014, 12:56:33 PM

Quote from: ManeBjorn on September 10, 2014, 01:16:15 PM

Yes I understand that from some other coins that do it as well.
It is a great feature indeed. Cool

Is this normal though it has been running nonstop. Still not staking the other wallet before it messed up would say staking after it sync'd.

What wallet is this? I like that it shows the conversion rates and estimated value right on it. Its the first I've ever seen anything like this.

Its great I want to ask its ready for explore or need any updates I also want to download this for RDD

waqas

sr. member

Activity: 378

Merit: 250

Quote from: ManeBjorn on September 15, 2014, 01:02:21 PM

It is the Social Wallet.
It has some fun features I am just exploring now.
The wallet is right on the Reddcoin website.

Quote from: aso118 on September 15, 2014, 12:56:33 PM

Quote from: ManeBjorn on September 10, 2014, 01:16:15 PM

Yes I understand that from some other coins that do it as well.
It is a great feature indeed. Cool

Is this normal though it has been running nonstop. Still not staking the other wallet before it messed up would say staking after it sync'd.

What wallet is this? I like that it shows the conversion rates and estimated value right on it. Its the first I've ever seen anything like this.

Its great I want to ask its ready for explore or need any updates I also want to download this for RDD

bigreddmachine

full member

Activity: 193

Merit: 100

Quote from: BTCat on September 15, 2014, 01:59:37 PM

I wonder how 'decentralized' coins are that are stored on social media accounts. If the server goes would all coins be gone too?
Anyone knows?

If the server goes AND there are no backups, then yes. However, most tipbot operators for most coins will have multiple backups.

The other issue though is that you are entrusting your coins to another person. That's one of the major motivators behind Social X: to create a system that allows for social media tipping directly from your wallet, so that you are in charge of your coins, not some third party. In that way, Reddcoin's platform will surpass Dogecoin and Bitcoin in tipping, as it unifies all tipping among all social media platforms into one account, and most improtantly, that account is yours, not someone else's.

BTCat

legendary

Activity: 1960

Merit: 1010

I wonder how 'decentralized' coins are that are stored on social media accounts. If the server goes would all coins be gone too?
Anyone knows?

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: ManeBjorn on September 15, 2014, 01:02:21 PM

It is the Social Wallet.
It has some fun features I am just exploring now.
The wallet is right on the Reddcoin website.

I just updated my wallet the other day and I completely missed it.

It stink it needs to download the entire blockchain again. I would have been nice if it could use the one already downloaded for QT and use the same addresses. I take it I'll need to import my existing address from QT to the social wallet, if I want to use them?

ManeBjorn

legendary

Activity: 1288

Merit: 1004

It is the Social Wallet.
It has some fun features I am just exploring now.
The wallet is right on the Reddcoin website.

Quote from: aso118 on September 15, 2014, 12:56:33 PM

Quote from: ManeBjorn on September 10, 2014, 01:16:15 PM

Yes I understand that from some other coins that do it as well.
It is a great feature indeed. Cool

Is this normal though it has been running nonstop. Still not staking the other wallet before it messed up would say staking after it sync'd.

What wallet is this? I like that it shows the conversion rates and estimated value right on it. Its the first I've ever seen anything like this.

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: ManeBjorn on September 10, 2014, 01:16:15 PM

Yes I understand that from some other coins that do it as well.
It is a great feature indeed. Cool

Is this normal though it has been running nonstop. Still not staking the other wallet before it messed up would say staking after it sync'd.

What wallet is this? I like that it shows the conversion rates and estimated value right on it. Its the first I've ever seen anything like this.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Have been staking ~160,000 rdd's for the past 7 days and still have yet to receive my first payout :/

waterpile

hero member

Activity: 602

Merit: 500

Quote from: ThomasMuller on September 13, 2014, 09:13:56 PM

Quote from: Cointang on September 13, 2014, 08:37:13 PM

I have a little over 1200000 redd and I get about 1400 - 1800 redd a day. Does that seem right?

what the heck! you see cash flow daily?! my wallet is showing my expected time to earn is 7 days! I had the computer turned off for more than a month. I did not know I had to keep it running 24/7.

just keep running that and don't move your redds it will mint more new coins

coinbuyer2580

sr. member

Activity: 276

Merit: 250

well I have over 1 million reddcoin and have only minted once. 174 coins was my reward and I stake 24/7 on my alt system. PoSV works like a weighted lotto system coin age + Stake = reward. 1200 - 1800 coins minted a day, I am not sure how you are staking that much because the system is designed to pay ~5% annually on staked aged coins. If we consider the amount of coins you have and the rate you are staking you are gaining ~45-60% interest annually at a profit of roughly 500,000 coins. I think someone maybe exaggerating a bit. considering the coins are supposed to lower the reward amount every time a coin stakes and is rewarded for a balanced economy.

STT

legendary

Activity: 4046

Merit: 1447

Catalog Websites

I didnt even realise it was POS now, I just bought some to use on Reddybet which is a great site. I'll send some of my winnings back to my wallet if there is interest. I mined Redd ages ago, what % is it currently

Cointang

full member

Activity: 191

Merit: 100

Quote from: ThomasMuller on September 13, 2014, 09:13:56 PM

Quote from: Cointang on September 13, 2014, 08:37:13 PM

I have a little over 1200000 redd and I get about 1400 - 1800 redd a day. Does that seem right?

what the heck! you see cash flow daily?! my wallet is showing my expected time to earn is 7 days! I had the computer turned off for more than a month. I did not know I had to keep it running 24/7.

I keep it running all day everyday with wallet unlocked and get redd once a day usually

ThomasMuller

full member

Activity: 141

Merit: 100

Quote from: Cointang on September 13, 2014, 08:37:13 PM

I have a little over 1200000 redd and I get about 1400 - 1800 redd a day. Does that seem right?

what the heck! you see cash flow daily?! my wallet is showing my expected time to earn is 7 days! I had the computer turned off for more than a month. I did not know I had to keep it running 24/7.

Cointang

full member

Activity: 191

Merit: 100

I have a little over 1200000 redd and I get about 1400 - 1800 redd a day. Does that seem right?

ThomasMuller

full member

Activity: 141

Merit: 100

shoots, I have to leave my computer running?! darn it! Cry

Topic: [ANN][RDD] Reddcoin The Social Currency [PoSV] Electrum Wallet 1.0.2 - page 11. (Read 688959 times)