Thanks to everyone that participated in the next round of voting. The results are as below.
The next stage is to implement a hard fork with the following details;
125% per annum POS fixed
30 day maturity
2 year review (POS/maturity review 9/4/2017)
Everything including new wallets should be finalised and implemented before the end of April 2015 so we can move on to looking at growing Analcoin.
Hope everyone is happy with that, my 0.1 BTC contribution is ready.
What will the min Stake age be in the hard fork?
jc12345 wrote:
Just a correction, 30 days is the max coin age after which the coins will lose eligibility for staking and have to be moved not min as you mention. It is the min coin age that needs to be agreed upon and 3 hours seems fair. What this means is that once coins are moved, it will be eligible for staking (mature) after 3 hours. Once it stakes, the coins will take another 3 hours to mature again before it gets into the staking queue. The current min coin age for Anal is 24 hours, meaning that once you move coins or once you get a stake, it will take 24 hours before the coins start to stake. The longer the min coin age the more people will keep their coins in their wallets and off the exchange in order to not lose their place in the staking "queue". If it is too long though with a too low reward, then people will just say stuff the staking and take their profit on the exchange. Alternatively a min coin age of 8 hours can be used which is also much better than 24 hours but not too short as to cause coins to be moved to exchanges too easily. A min age of 30 days will not work as that menas one stake every 30 days which will stall the blockchain.
The options to chose for min coin age (min stake age) would therefore be 3 hours or 8 hours or keep it at the current 24 hours imo. Perhaps another vote.
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I would prefer a value between 3-12h. What do the others think?
Thanks to Vanity, who is the first who promised 0.1 btc contribution for the hard fork, but the whole community is invited to contribute - every satoshi counts
And Vanity, pls setup the btc adr. that the community can contribute. thanks
Perhaps go with 8 hours which is not too long and not too short.