Kelsey, if you don't like it just leave.
Also to piss you off:
Also to piss you off:
sorry what? missed what would piss me off about that?
so why should i piss off, this is an open section of the forum discussing alt currency, you'd think anyone wanting to develop a decent one would want people to highlight the flaws, so we can all improve and develop a real useable alt currency?
outside this forum i've been in groups experimenting alot and developing and improving on pos.
I have explained it to you
I have explained to you what you keep going on about but you don't understand it.
Litedoge is a payment protocol. Rewards in the first 40k blocks are only for distribution of the coin.
After that the rewards are less than 10k coins per block and go down slowly to only tx fees
The rewards wont be for distribution of the coin but for the processing the transactions securely.
It is a good system. You do not like it fine. Bye. I put you on ignore because this is getting too much.
you've yet to explain anything about how the largest holders won't get most the rewards and therefore continually increase their overall network % at the expense of the smaller holders?
you've just said first "nope", as if what I was saying wasn't true, then you said it was but that's acceptable.
you've acted from the start as if my questioning was designed as a call out that your coins a scamcoin, which was not my intent, but by the replies ie dodging of explaining clearly why I am wrong, or explaining how you guys will fix the flaw, its kinda starting to look like please please just shhh til we make our fiat on this?
bitbean for example with a similar system has atleast tried ie by having a day where the largest holders don't connect so those with less can get some pos block, token effort imo but atleast they've thought about the problem.
Kelsey, correct me if i'm wrong but;
It looks like the only thing u try to do is FUD, u saw a perfect launch, a great community, many exchanges what want us on there exchange and after that u start fudding.
If u dont ment to fud, why u dont PM the dev? Why u post negative comments in this topic ( ofc its free for all, u have ur right to do so.. ) everybody is positive, just not you. If u have some positive feedbacks PM the dev.
Because u spread fud here, i dont see any tought from your side that u want to help this community, if u tried to help this community you should PM the dev. But u don't. That's why it just looks pure fud what nobody cares.
There is always a shithead on every topic, and you are here the shithead. Anyway, we dont need it, and if u have something what can help us, please share that by sending an PM to the dev. I'm 100% that he will look at every positive feedbacks he get.
main reason because its an open source community for a decentralised currency, the coin shouldn't be about the dev, and in this alt section threads should be discussions on alt coins for which I am opening. the dev is unlikely to be the dev and maybe someone in the community has a solution.
its not FUD,I am just stating what I see and seeing if anyone has a solution, and instead most this community doesn't want to hear, and wants to simply attack the messenger. so its obviously a make some quick fiat community, not a community willing to improve to have a longterm coin.
fine I get it have fun
It doesn't unfairly reward large holders though. The point of POS V2 is to reward those who stake 24/7. You brought up bitbean and while they have a flat reward like LDOGE, they don't have a true implementation of POS V2 because coin age is still a factor. Bitbean had capped the coin age at 24 hours "to discourage hoarding" or some such nonsense. When what they really did is encourage hoarding because the only way to accumulate enough weight to stake is to have huge inputs because you don't gain more coin age after 24 hours.
Max coin age isn't a factor here because beyond the 8 hour minimum age, it won't increase your chance of staking.
POS V2 is actually a fairer implementation for smaller holders because they can get a leg up on large holders by keeping their client online 24/7. Further, the long maturation time (510 blocks) encourages keeping your coins split up into many smaller inputs rather than one large input. The guy who only has 1 million LDOGE but keeps his client open 24/7 and splits his coins up into many small inputs has an advantage over a guy with 1 billion LDOGE who only opens his wallet for a few hours every other day and doesn't worry about the size of his inputs. The former will hit (proportionally) more blocks than the latter.
here i had 3 blocks, 2 are good 1 is empty or something, anyway i love how the system works 
