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Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 317. (Read 1356147 times)

legendary
Activity: 2464
Merit: 1145
@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

for people who are staking its quite important to know when they probaly get a block - even more if you are staking 24/7. also additionaly to the interest you also receive tx fees.
with this marketcap right now its not much, but with a higher marketcap this can be alot of money.


Why don't you elaborate a bit more on that subject? It seems to me there have been a bunch willing to jump on the high end of insults and really adding no knowledge to the matter...

i am not sure if you understand what i am talking about, but i will try to explain.

im telling you that it is very important from a perspective of a staker to know when he actually stakes a block.
you can compare this to bitcoin mining, the miner also wants to know when he gets a block or rather a time estimation of that.

the transactions fees was just one of the reason why it is important to know how much time you need to stake/mine a block.
every block contains x amounts of transactions which contains transactions fees which goes to the staker/miner of the block.


Quote
when you say "a lot of money", what is "a lot of money" to you? Because, in my book, I don't care what valuation it has -I mean I DO care, very much, but you get my meaning-, 2.5% is just a very paltry percentage of whatever the amount is, something that can be achieved many times, a day, just trading those coins, so as far as profitability it is nil. Now, if through fees I can get "a lot of money" staking, additionally, it could be quite the selling point, so please DO elaborate on this and be free top use different price scenarios.

well if vericoin has a higher marketcap the interest and txfee's you receive as a staker will be much more worth then it is if the marketcap would be lower. that was all i wanted to point out.

that you dont care about 2,5% because you think every daytrader does alot of profit is neither true nor related to my explaination or the question itself.

interest rate in pos coins is just the incentive to providing support to the network like mining bitcoin blocks give you right now 25 btc + txfee's of that block.
legendary
Activity: 1162
Merit: 1000
@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

for people who are staking its quite important to know when they probaly get a block - even more if you are staking 24/7. also additionaly to the interest you also receive tx fees.
with this marketcap right now its not much, but with a higher marketcap this can be alot of money.


Why don't you elaborate a bit more on that subject? It seems to me there have been a bunch willing to jump on the high end of insults and really adding no knowledge to the matter... when you say "a lot of money", what is "a lot of money" to you? Because, in my book, I don't care what valuation it has -I mean I DO care, very much, but you get my meaning-, 2.5% is just a very paltry percentage of whatever the amount is, something that can be achieved many times, a day, just trading those coins, so as far as profitability it is nil. Now, if through fees I can get "a lot of money" staking, additionally, it could be quite the selling point, so please DO elaborate on this and be free to use different price scenarios.
legendary
Activity: 2464
Merit: 1145
@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

for people who are staking its quite important to know when they probaly get a block - even more if you are staking 24/7. also additionaly to the interest you also receive tx fees.
with this marketcap right now its not much, but with a higher marketcap this can be alot of money.
full member
Activity: 225
Merit: 100
how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

22.2M is staking from 26M, that's a great community support.

Uh, no, those are not real coins? The previous several pages deal with that subject in some detail...

Thank you! I am not experienced with the concept and difference between virtual and real coins. I will read back several page the conversation.
legendary
Activity: 1162
Merit: 1000
@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.
legendary
Activity: 2464
Merit: 1145
@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.
full member
Activity: 236
Merit: 100
¿ʇɐɥʍ
[...]
Sue me for assuming that a jump (down) of 20%, equaling 6 million "coins" is "worrysome". I would remind you that, according to one of our devs, "it can be too much higher (than the real number)".

Lol. You're such a drama queen.
legendary
Activity: 1162
Merit: 1000
how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

Of course these numbers, both, are not very meaningful for we don't really know, from them, ANYTHING at all. When/if the REAL number of coins staking are included in the upcoming wallent, THEN AND ONLY THEN we will have a REAL statistic, instead of a bull... inexact one.
As the coins stake, the weight resets, so thats why you see those big swings in the numbers

Thank you for the additional info. Still, it remains worthless as an indicator of strength in the community holding coins.
legendary
Activity: 1162
Merit: 1000
how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

22.2M is staking from 26M, that's a great community support.

Uh, no, those are not real coins? The previous several pages deal with that subject in some detail...
legendary
Activity: 1162
Merit: 1000
[...]Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

It's not worrisome at all. I suggest that you take some time to read up on how PoS works and try to be a little less quick to jump to "doom and gloom" conclusions. Coins are constantly building up and losing their Stake Weight. This likely contributes to some of the constant ups and downs that we see with the Network Stake over relatively short periods of time. The Network Stake has been above 28 Million four times today, once within the past hour. The high for the day is 31 Million. Smiley

I am not particularly interested in "learning" about an statistic that lacks meaning completely and can can jump up and down to the tune of 25-30% in a matter of minutes. It serves no purpose from the investing standpoint, and very limited from the network strength one. I consider in unnecessary and meaningless, basically, when it is perfectly possible to know how many REAL coins are staking every single moment, which is the statistic that matters.

Sue me for assuming that a jump (down) of 20%, equaling 6 million "coins" is "worrysome". I would remind you that, according to one of our devs, "it can be too much higher (than the real number)".

Nevertheless, it is reassuring that people like you so nicely and promptly can eliminate the "worry" part in worrysome. Thank you.
full member
Activity: 225
Merit: 100
how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

22.2M is staking from 26M, that's a great community support.
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

Of course these numbers, both, are not very meaningful for we don't really know, from them, ANYTHING at all. When/if the REAL number of coins staking are included in the upcoming wallent, THEN AND ONLY THEN we will have a REAL statistic, instead of a bull... inexact one.
As the coins stake, the weight resets, so thats why you see those big swings in the numbers
full member
Activity: 236
Merit: 100
¿ʇɐɥʍ
[...]Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

It's not worrisome at all. I suggest that you take some time to read up on how PoS works and try to be a little less quick to jump to "doom and gloom" conclusions. Coins are constantly building up and losing their Stake Weight. This likely contributes to some of the constant ups and downs that we see with the Network Stake over relatively short periods of time. The Network Stake has been above 28 Million four times today, once within the past hour. The high for the day is 31 Million. Smiley
full member
Activity: 225
Merit: 100
Hi guys,

I have been reading about all the traded coins in the last few weeks at the bitcointalk threads. The community support for VRC is simply amazing. Finally, I decided to jump in and completed my first VRC buy transaction at Bittrex. Thanks for creating this great crypto coin!
Btw, I am based in Luxembourg and would be more than happy to promote VRC here.
sr. member
Activity: 378
Merit: 250
how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

Of course these numbers, both, are not very meaningful for we don't really know, from them, ANYTHING at all. When/if the REAL number of coins staking are included in the upcoming wallent, THEN AND ONLY THEN we will have a REAL statistic, instead of a bull... inexact one.

or it could just mean that the coins got a block/interest and loss their weight...

Apparently it could mean a lot of things from the weather forecast in China to the price of lettuce in Andorra... what it doesn't mean is anything remotely connected to the REAL number of coins staking, which is the only showing of community ownership's strength, and therefore the only statistic that really matters.
This is user error on your part for not understanding how "Network Staking" is calculated in a POS coin.  Yes, maybe the POS gods should have given it a better name like "effective staking" to prevent confusion but you can just think of it this way.

Totals Coins Staking X Current Coin Age Multiplier (ex. 1.25) = Network Stake
legendary
Activity: 2464
Merit: 1145
how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

Of course these numbers, both, are not very meaningful for we don't really know, from them, ANYTHING at all. When/if the REAL number of coins staking are included in the upcoming wallent, THEN AND ONLY THEN we will have a REAL statistic, instead of a bull... inexact one.

or it could just mean that the coins got a block/interest and loss their weight...

Apparently it could mean a lot of things from the weather forecast in China to the price of lettuce in Andorra... what it doesn't mean is anything remotely connected to the REAL number of coins staking, which is the only showing of community ownership's strength, and therefore the only statistic that really matters.

no it cant, coinweight is directly related to the amount of coins staking and has nothing to do with "weather forecast in China to the price of lettuce in Andorra"
legendary
Activity: 1162
Merit: 1000
how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

Of course these numbers, both, are not very meaningful for we don't really know, from them, ANYTHING at all. When/if the REAL number of coins staking are included in the upcoming wallent, THEN AND ONLY THEN we will have a REAL statistic, instead of a bull... inexact one.

or it could just mean that the coins got a block/interest and loss their weight...

Apparently it could mean a lot of things from the weather forecast in China to the price of lettuce in Andorra... what it doesn't mean is anything remotely connected to the REAL number of coins staking, which is the only showing of community ownership's strength, and therefore the only statistic that really matters.
legendary
Activity: 1162
Merit: 1000
I believe we will not go below the recent minimum of yesterday and that this is a nice trading opportunity. I already traded a few yesterday and bought more at significantly lower price a few minutes ago. I have also freed some BTC selling NAUT to keep the powder dry and buy more in the low 8s.

It will probably remain in a narrower and narrower trading channel until the "secret weapons" are announced over the weekend, no reason not to book a few small gains, something so exceptional at this point...
legendary
Activity: 2464
Merit: 1145
how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

Of course these numbers, both, are not very meaningful for we don't really know, from them, ANYTHING at all. When/if the REAL number of coins staking are included in the upcoming wallent, THEN AND ONLY THEN we will have a REAL statistic, instead of a bull... inexact one.

or it could just mean that the coins got a block/interest and loss their weight...
legendary
Activity: 1162
Merit: 1000
For those of us hurting while holding bags, the devs are also hurting significantly. Their stakes were worth as much as $80,000, each, at one time while now they will be worth much less than $15,000 each if they were to cash out.

Not that any of them need the VRC money, mind you. This is just a hobby for the three of them, nothing more.
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