Paycoin
Proof of Stake
HashStaker
From the white paper.
Prime ControllersTM employ an algorithmic process that quantifies demand, and allows the supply rate of
PaycoinsTM to adapt to changes in demand. Prime ControllerTM wallets stake at a much higher rate than
other network wallets. As demand for PaycoinTM increases, demand for Prime ControllersTM will increase
in response. This demand is measured by increasing bids for Prime ControllersTM, during their bidding
phases, as they become available. As Prime ControllerTM bids increase, the number of PaycoinsTM
entering higher staking wallets increases. This means more coins stake at a higher level and thus the
creation rate of PaycoinsTM increases in response to the increase in demand. The opposite holds true as
well, for times when demand decreases.
If I get this correctly HashStaker is connected to a Prime ControllerTM wallet.
Oh shit, thanks, that explains it all...
i think it basically means that you can mine endless amounts of paycoin. which of course will make it very rare and worth lots of $US per.
/s
I think it does but read the part of the white paper again. Increased demand increases coin production. Decreased demand decreases coin production.
Edit: Not Mine but Stake.
