The block payout schedule has a nasty side effect of preventing the value of this coin from ever increasing. The only winners will be ones who had 3 million in the beginning when it was impossible to mine large quantities. That was the most profitable time to sell and sell someone did.
And it will increase network hash as the POS approaches, which is a good thing imo. Admittedly this may drive the price down as multipools sell, however it will increase distribution
At 18% interest per year, people will see pos mining of +.00189 per day and just say screw this.
I just started mining at a poool yesterday morning and believe I am seeing the following from staking:
Status: 867 confirmations, broadcast through 14 nodes
Date: 7/6/14 05:58
Source: Generated
Credit: 0.2420605 TRUST
Net amount: +0.2420605 TRUST
Transaction ID: ---
this is due to staking right?
Staking shouldn't be possible yet, right? Maybe it is. I don't know. Sorry, not trying to be negative, just saying that if it walks like a duck and quacks like a duck, it's probably a dirty insider trading racket in a duck suit.
My suits are $3000 a piece and I have a closet full of them. I have two Mustangs, one new one Old. A couple dealerships and my wife drives a Maseratti to get groceries and spend my money at Nordstroms. Put a whale suit on me sir if you are going to dress me. You are the fourth person to find out PoS is stacking. It has been since block 2. Congratulations.
I like bananas and penguins.
Unless you were just effing with us. And in that case, lol.
I never said I was smarter, In fact I might clear the upper half of the world by one point. My skill is people and resource. The comment "it's probably a dirty insider trading racket in a duck suit." suggests I am untrustworthy or scammer. I dont need anyones money, I am just fine. I am after fame on this coin, you might want to call it trust. By the way, my wife is a Siberian Sharp shooter, so... be careful. Keep her out of it because you are not in her league.
My sincere apologies. I got a bit carried away and have edited my most inappropriate comments.
ROFL !! Whats your real name? My name is Travis.