[POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ - page 142.

rdyoung

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Activity: 994

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Quote from: CryptoClub on August 26, 2015, 12:20:27 AM

I bought a few myself on Cryptsy, and I will definitely be staking them once I can withdraw.

How many? If you want, I can send you some coins for an internal transfer at cryptsy. I don't have much actively staking, but I am willing to help a brother out

CryptoClub

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Activity: 1470

Merit: 1000

cryptocollectorsclub.com

I bought a few myself on Cryptsy, and I will definitely be staking them once I can withdraw.

rdyoung

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Activity: 994

Merit: 1000

Quote from: jheaton on August 25, 2015, 10:20:59 PM

Quote from: rdyoung on August 25, 2015, 10:12:42 PM

Quote from: jheaton on August 25, 2015, 10:09:32 PM

looks like blocks are rolling now.

Indeed it does, lets hope this continues.

did they lower that one #value that was for RDD coins?

Not yet, even they did, everyone would need to download the updated wallet for it to take affect, its code that affects YOUR coins, not the coins on the entire network.
Looks like a big player just brought on a few million coins, lets hope these will be actively staking and not going into cold storage after jacking up the diff.

jheaton

full member

Activity: 241

Merit: 101

Quote from: rdyoung on August 25, 2015, 10:12:42 PM

Quote from: jheaton on August 25, 2015, 10:09:32 PM

looks like blocks are rolling now.

Indeed it does, lets hope this continues.

did they lower that one #value that was for RDD coins?

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: jheaton on August 25, 2015, 10:09:32 PM

looks like blocks are rolling now.

Indeed it does, lets hope this continues.

jheaton

full member

Activity: 241

Merit: 101

looks like blocks are rolling now.

Beachguy

legendary

Activity: 1019

Merit: 1001

Spectreproject Community Manager

I don't care if cryptsy is staking while they're bringing their wallet up to speed........
Just hurry up and let my potcoin GO..

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: fher98 on August 25, 2015, 03:20:28 PM

Quote from: rdyoung on August 25, 2015, 03:13:55 PM

We are going to have to ignore those #s until the network is producing the blocks/day that it should and we have more coins actively staking.

Yeah agreed, those are crazy #s, but Im only reporting so devs have an idea of whats happening.

In that case, keep on keeping on. We do need to make sure that people understand that you can't trust those #s until the network is up to speed. I estimate that we are 2k blocks behind where we should be, give or take.

fher98

member

Activity: 122

Merit: 10

Quote from: rdyoung on August 25, 2015, 03:13:55 PM

We are going to have to ignore those #s until the network is producing the blocks/day that it should and we have more coins actively staking.

Yeah agreed, those are crazy #s, but Im only reporting so devs have an idea of whats happening.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: fher98 on August 25, 2015, 02:39:25 PM

Quote from: barabbas on August 25, 2015, 02:32:11 PM

Quote from: fher98 on August 25, 2015, 02:29:28 PM

Quote from: rdyoung on August 25, 2015, 01:23:49 PM

Quote from: jheaton on August 25, 2015, 01:06:20 PM

they need 260 confirmations to mature. then u can stake again.

Not exactly. The 260 confirmations is the # needed before those coins are spendable. The min coin age for staking is 8hours, I am still unsure whether that 8 hours is based on confirmations or on actual time since that tx was created, I am leaning towards time based seeing as we are averaging only 500 or so blocks/day.

Strange, since I have my staking coins for months on that wallet. And those coins are shown to be on the staking line, and on the balance I have or is shown what I got over night.

Yesterday I had like a 75 weight. Now Its been climbing up a LOT.

I don't know about the so called weight... I have less than ONE (1, specifically 0.85160....) Potcoin staking and the wallet says my "average weight" is 19...

Well, after it change from cant stak to staking.. It keeps climbing, every minute i thinkg. Now its displaying Ill be earning a reward every 15 minutes, where thats not the case. I havent recieve a reward since 4 am this morning.

We are going to have to ignore those #s until the network is producing the blocks/day that it should and we have more coins actively staking.

fher98

member

Activity: 122

Merit: 10

Quote from: barabbas on August 25, 2015, 02:32:11 PM

Quote from: fher98 on August 25, 2015, 02:29:28 PM

Quote from: rdyoung on August 25, 2015, 01:23:49 PM

Quote from: jheaton on August 25, 2015, 01:06:20 PM

they need 260 confirmations to mature. then u can stake again.

Not exactly. The 260 confirmations is the # needed before those coins are spendable. The min coin age for staking is 8hours, I am still unsure whether that 8 hours is based on confirmations or on actual time since that tx was created, I am leaning towards time based seeing as we are averaging only 500 or so blocks/day.

Strange, since I have my staking coins for months on that wallet. And those coins are shown to be on the staking line, and on the balance I have or is shown what I got over night.

Yesterday I had like a 75 weight. Now Its been climbing up a LOT.

I don't know about the so called weight... I have less than ONE (1, specifically 0.85160....) Potcoin staking and the wallet says my "average weight" is 19...

Well, after it change from cant stak to staking.. It keeps climbing, every minute i thinkg. Now its displaying Ill be earning a reward every 15 minutes, where thats not the case. I havent recieve a reward since 4 am this morning.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: barabbas on August 25, 2015, 02:32:11 PM

Quote from: fher98 on August 25, 2015, 02:29:28 PM

Quote from: rdyoung on August 25, 2015, 01:23:49 PM

Quote from: jheaton on August 25, 2015, 01:06:20 PM

they need 260 confirmations to mature. then u can stake again.

Not exactly. The 260 confirmations is the # needed before those coins are spendable. The min coin age for staking is 8hours, I am still unsure whether that 8 hours is based on confirmations or on actual time since that tx was created, I am leaning towards time based seeing as we are averaging only 500 or so blocks/day.

Strange, since I have my staking coins for months on that wallet. And those coins are shown to be on the staking line, and on the balance I have or is shown what I got over night.

Yesterday I had like a 75 weight. Now Its been climbing up a LOT.

I don't know about the so called weight... I have less than ONE (1, specifically 0.85160....) Potcoin staking and the wallet says my "average weight" is 19...

I am unsure exactly how the weight is calculated, but it could be based on the amount of coins actively staking as well as your coin age.
I am also pretty sure that for those #s to be accurate and the time between stakes to be somewhere near accurate, we need a lot more data and coins being staked for it to base those #s on. We only have 2 days or so of staking to gather the data from, over time those #s will hopefully become more accurate, if not, the devs will have to look at the code and see if they can fix it.

Also keep in mind that we should be seeing 2160 blocks a day and right now we are only seeing 530'ish, as the network gets back up to speed the #'s and the staking will smooth out.

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: fher98 on August 25, 2015, 02:29:28 PM

Quote from: rdyoung on August 25, 2015, 01:23:49 PM

Quote from: jheaton on August 25, 2015, 01:06:20 PM

they need 260 confirmations to mature. then u can stake again.

Not exactly. The 260 confirmations is the # needed before those coins are spendable. The min coin age for staking is 8hours, I am still unsure whether that 8 hours is based on confirmations or on actual time since that tx was created, I am leaning towards time based seeing as we are averaging only 500 or so blocks/day.

Strange, since I have my staking coins for months on that wallet. And those coins are shown to be on the staking line, and on the balance I have or is shown what I got over night.

Yesterday I had like a 75 weight. Now Its been climbing up a LOT.

I don't know about the so called weight... I have less than ONE (1, specifically 0.85160....) Potcoin staking and the wallet says my "average weight" is 19...

fher98

member

Activity: 122

Merit: 10

Quote from: rdyoung on August 25, 2015, 01:23:49 PM

Quote from: jheaton on August 25, 2015, 01:06:20 PM

they need 260 confirmations to mature. then u can stake again.

Not exactly. The 260 confirmations is the # needed before those coins are spendable. The min coin age for staking is 8hours, I am still unsure whether that 8 hours is based on confirmations or on actual time since that tx was created, I am leaning towards time based seeing as we are averaging only 500 or so blocks/day.

Strange, since I have my staking coins for months on that wallet. And those coins are shown to be on the staking line, and on the balance I have or is shown what I got over night.

Yesterday I had like a 75 weight. Now Its been climbing up a LOT.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: barabbas on August 25, 2015, 02:26:28 PM

Quote from: rdyoung on August 25, 2015, 02:22:26 PM

Quote from: barabbas on August 25, 2015, 02:13:03 PM

I couldn't agree more. And I have experienced staking in Cryptsy _and I seem to remember also in Bittrex, but I could be wrong-, months ago. Not in recent times, that's for sure. Even if they test the wallet, as long as it produces stakes, they should distribute it to the rightful owners. Mayve thyey do. But what is important is to PROVE that they have done it. Can you do that?

Tracking it? I would think that if they did distribute it, it would have its own designation in the logs.
The last time I ever thought about this or dealt with it was when RDD was transitioning to POSv and someone from cryptsy came into RDDs subreddit to discuss it, they made it clear that they don't actively stake. You can verify if an exchange is or isn't staking by watching the explorers, so there is no reason for them to BS on that point.

I am pretty sure Cryptsy has not distributed any POT stakes in a while, if ever. But in order to claim that they have staked it and kept the proceeds, proof is necessary... in the form of tracking it, screen caps, whatever it is irrefutable proof...

Well, like I have said, they don't actively stake. In my opinion there is nothing nefarious going on, they stake when they bring coins online to move them around, that can't be helped with the coin age they gain while sitting dormant, its a guaranteed instastake. I do agree that they should be distributing those coins or the btc equivalent back to the userbase, but seeing as there isn't active staking I am not in the mood to grab my pitchfork and start hunting down proof.

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: rdyoung on August 25, 2015, 02:22:26 PM

Quote from: barabbas on August 25, 2015, 02:13:03 PM

I couldn't agree more. And I have experienced staking in Cryptsy _and I seem to remember also in Bittrex, but I could be wrong-, months ago. Not in recent times, that's for sure. Even if they test the wallet, as long as it produces stakes, they should distribute it to the rightful owners. Mayve thyey do. But what is important is to PROVE that they have done it. Can you do that?

Tracking it? I would think that if they did distribute it, it would have its own designation in the logs.
The last time I ever thought about this or dealt with it was when RDD was transitioning to POSv and someone from cryptsy came into RDDs subreddit to discuss it, they made it clear that they don't actively stake. You can verify if an exchange is or isn't staking by watching the explorers, so there is no reason for them to BS on that point.

I am pretty sure Cryptsy has not distributed any POT stakes in a while, if ever. But in order to claim that they have staked it and kept the proceeds, proof is necessary... in the form of tracking it, screen caps, whatever it is irrefutable proof...

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: barabbas on August 25, 2015, 02:13:03 PM

I couldn't agree more. And I have experienced staking in Cryptsy _and I seem to remember also in Bittrex, but I could be wrong-, months ago. Not in recent times, that's for sure. Even if they test the wallet, as long as it produces stakes, they should distribute it to the rightful owners. Mayve thyey do. But what is important is to PROVE that they have done it. Can you do that?

Tracking it? I would think that if they did distribute it, it would have its own designation in the logs.
The last time I ever thought about this or dealt with it was when RDD was transitioning to POSv and someone from cryptsy came into RDDs subreddit to discuss it, they made it clear that they don't actively stake. You can verify if an exchange is or isn't staking by watching the explorers, so there is no reason for them to BS on that point.

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: rdyoung on August 25, 2015, 02:09:23 PM

Quote from: barabbas on August 25, 2015, 02:04:09 PM

Quote from: rdyoung on August 25, 2015, 01:56:29 PM

Quote from: barabbas on August 25, 2015, 01:40:31 PM

Quote from: crackfoo on August 25, 2015, 01:30:10 PM

Quote from: rdyoung on August 25, 2015, 01:19:26 PM

Quote from: barabbas on August 25, 2015, 01:06:30 PM

So you don't have enough wallets staking and yet you cannot pull the coins from either Cryptsy of Bittrex because the wallets there are disabled... quiet a situation I would say. Simply amazing.

Indeed... Cryptsy did recently stake a bunch of blocks so hopefully they at least will be coming back online soon, bittrex is waiting for the error to go away which should as soon there are enough upgraded wallets/nodes online to outweigh the old ones. I have no idea whats up with polo.

Polo is back online now.

Polo is back online but bittrex and cryptsy remain disabled?

We know that bittrex won't come back for awhile, not until the old nodes/wallet error goes away. Cryptsy likely just taking their sweet time, we know they have the upgrade wallet up and running because I watched them stake a TON of coins not long ago.

So they are staking and not giving the stakes to the owners of the coins?

The way I understand it exchanges do NOT actively stake, they only stake when they need to bring coins online to move from cold to hot wallets, this stake could have been them being greedy or just them testing the wallet before they bring it online. In short, exchanges staking is a "whoops" kind of thing, unintentional but expected to happen when they need to move coins around. I am not sure if cryptsy does share the staked coins with those holding that coin in their balance, this would be a reason why we need regulation and oversight on the exchanges. Not to prevent them from staking either actively or when it has to happen, but for them to treat crypto coins like fx brokers do currencies that pay or take interest for holding that position, if I hold a balance of a POS coin, I should get an equal piece of whatever gets staked by that exchange regardless of the infrequency of the staking.

I couldn't agree more. And I have experienced staking in Cryptsy _and I seem to remember also in Bittrex, but I could be wrong-, months ago. Not in recent times, that's for sure. Even if they test the wallet, as long as it produces stakes, they should distribute it to the rightful owners. Mayve thyey do. But what is important is to PROVE that they have done it. Can you do that?

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: barabbas on August 25, 2015, 02:04:09 PM

Quote from: rdyoung on August 25, 2015, 01:56:29 PM

Quote from: barabbas on August 25, 2015, 01:40:31 PM

Quote from: crackfoo on August 25, 2015, 01:30:10 PM

Quote from: rdyoung on August 25, 2015, 01:19:26 PM

Quote from: barabbas on August 25, 2015, 01:06:30 PM

So you don't have enough wallets staking and yet you cannot pull the coins from either Cryptsy of Bittrex because the wallets there are disabled... quiet a situation I would say. Simply amazing.

Indeed... Cryptsy did recently stake a bunch of blocks so hopefully they at least will be coming back online soon, bittrex is waiting for the error to go away which should as soon there are enough upgraded wallets/nodes online to outweigh the old ones. I have no idea whats up with polo.

Polo is back online now.

Polo is back online but bittrex and cryptsy remain disabled?

We know that bittrex won't come back for awhile, not until the old nodes/wallet error goes away. Cryptsy likely just taking their sweet time, we know they have the upgrade wallet up and running because I watched them stake a TON of coins not long ago.

So they are staking and not giving the stakes to the owners of the coins?

The way I understand it exchanges do NOT actively stake, they only stake when they need to bring coins online to move from cold to hot wallets, this stake could have been them being greedy or just them testing the wallet before they bring it online. In short, exchanges staking is a "whoops" kind of thing, unintentional but expected to happen when they need to move coins around. I am not sure if cryptsy does share the staked coins with those holding that coin in their balance, this would be a reason why we need regulation and oversight on the exchanges. Not to prevent them from staking either actively or when it has to happen, but for them to treat crypto coins like fx brokers do currencies that pay or take interest for holding that position, if I hold a balance of a POS coin, I should get an equal piece of whatever gets staked by that exchange regardless of the infrequency of the staking.

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: rdyoung on August 25, 2015, 01:56:29 PM

Quote from: barabbas on August 25, 2015, 01:40:31 PM

Quote from: crackfoo on August 25, 2015, 01:30:10 PM

Quote from: rdyoung on August 25, 2015, 01:19:26 PM

Quote from: barabbas on August 25, 2015, 01:06:30 PM

So you don't have enough wallets staking and yet you cannot pull the coins from either Cryptsy of Bittrex because the wallets there are disabled... quiet a situation I would say. Simply amazing.

Indeed... Cryptsy did recently stake a bunch of blocks so hopefully they at least will be coming back online soon, bittrex is waiting for the error to go away which should as soon there are enough upgraded wallets/nodes online to outweigh the old ones. I have no idea whats up with polo.

Polo is back online now.

Polo is back online but bittrex and cryptsy remain disabled?

We know that bittrex won't come back for awhile, not until the old nodes/wallet error goes away. Cryptsy likely just taking their sweet time, we know they have the upgrade wallet up and running because I watched them stake a TON of coins not long ago.

So they are staking and not giving the stakes to the owners of the coins? Can you prove they have staked?

Topic: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ - page 142. (Read 920138 times)