It is so futile to use reddit or ANY other means, besides this one, since only a very, very, extremely very few, reads any of it.... That would be number one. But even more importantly, what the fuck is going on with the inability to withdraw from the main exchanges? It's been MANY weeks and still no solution in sight? This is simply outrageous... Is the main developer going to answer this question and offer some kind of plausible explanation and, perhaps, a detailed what is being done to solve this of just continue avoiding it altogether?
This is a very interesting project going -was- in the right direction with the adoption of POSv... which is quickly becoming just another POS ... in the traditional meaning of the nomenclature...
This is a very interesting project going -was- in the right direction with the adoption of POSv... which is quickly becoming just another POS ... in the traditional meaning of the nomenclature...
Reddit is where the devs are posting, NOT here. If you had kept up on reddit you would know whats going on with the exchanges, you would know that poloniex is back on, bittrex is waiting for the upgrade error to go away and cryptsy, who the fuck knows. As far as I know there are other exchanges to buy/sell, your not stuck with only the top 3.
As far as pot becoming just another pos coin, I have to disagree on that one. The move to POSv2.0 was a smart one, despite the overall rate being 5-6%, the individual stake rate is looking to be about 15% while most coins are not staking. POSv2.0 splits the 5-6% of the total supply among the actively staking coins, the fewer coins active, the higher the stake rate for the coins that are.
TLDR; Reddit is the place to interact with the devs, we are waiting for cryptsy and bitt to get off their ass and the stake rate will likely always be higher than 5-6%, I estimate we bottom out and start averaging 7-8% minimum.
I know that Mintcoin had a much higher stake rate than stated as most were not staking, and eventually those that just were staking and waiting did *very* well with it.
This being the first Potcoin and having a good staking system like POSv, along with increasing legalization efforts make it a very strong contender long term, imho. Assuming they do well with marketing and making this a very stable functional coin over time.
(I am sure Cryptsy will get the wallet updated eventually, and asking them does help...)
My understanding is that mintcoin started out with 20% or so as the rate and it declines every year. POSv2.0 is different than the POS algo that mintcoin is using, with POSv2.0 the stake rate is based on the money supply and shared with those actively staking and supporting the network, right now we have 30% of the supply actively staking, this means that we can expect earnings equaling about 15%/year before compounding which will bring it up to 16 or 17%. As more coins come online the stake rate for the active coins will drop but I doubt we will ever see more than 50-75% of the coins active at any given time.
