Author

Topic: [UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative - page 196. (Read 433405 times)

legendary
Activity: 1504
Merit: 1002

"Last week the ZeroTime technology entered into a test network phase. After one week the system remains stable and is working as designed. I expect the test network phase to last approximately 45 days.

Thank you for your support.
"



ah hope its a little quicker than a month and a half, but im willing to wait it out and hold.
i like that john isent rushing smth, if we integrate it to early it could go very wrong.

Exactly - Major corporations don't come up with an idea and then release it to market.  They test it and then test it some more and then release it.  Imagine if a pharmaceutical company came up with a drug and released it without testing.  Cry
hero member
Activity: 700
Merit: 500

"Last week the ZeroTime technology entered into a test network phase. After one week the system remains stable and is working as designed. I expect the test network phase to last approximately 45 days.

Thank you for your support.
"



ah hope its a little quicker than a month and a half, but im willing to wait it out and hold.
i like that john isent rushing smth, if we integrate it to early it could go very wrong.
member
Activity: 92
Merit: 10

"Last week the ZeroTime technology entered into a test network phase. After one week the system remains stable and is working as designed. I expect the test network phase to last approximately 45 days.

Thank you for your support.
"



ah hope its a little quicker than a month and a half, but im willing to wait it out and hold.
sr. member
Activity: 476
Merit: 500
legendary
Activity: 1498
Merit: 1001
180 BPM

@ Za1n - if you want to learn more about PoS check out the HBN thread and their wiki   Wink

Thanks for pointing me to the HBN wiki, that was more the type explanation I was looking for regarding staking.

I think the OP for Vanillacoin should include a better explaination of such features, as we are not all experts with these concepts.

Thank you for pointing that out, will look into adding more information about POS

How about removing/editing your earlier reply because it's completely false and might spread wrong information?

fyi John wrote on IRC that you can help the POS get rolling with doing lots of smaller deposits (next to big ones) into the wallet. Which part would you like to get removed?

He means that you do gain net weight whether your wallet is open or not.  It's determined by amount of coins in your wallet and amount of time your inputs have been in your wallet's addresses (without being moved).  Leaving your wallet open gives you chances to turn the net weight of an input into a stake.  The longer you leave your wallet open, the more chances you get.

Regardless, it's already back a page, so no reason to edit your post unless you want to, imo.

Thank you for correcting me, edited my comment and linked to your response.
legendary
Activity: 896
Merit: 1000

@ Za1n - if you want to learn more about PoS check out the HBN thread and their wiki   Wink

Thanks for pointing me to the HBN wiki, that was more the type explanation I was looking for regarding staking.

I think the OP for Vanillacoin should include a better explaination of such features, as we are not all experts with these concepts.

Thank you for pointing that out, will look into adding more information about POS

How about removing/editing your earlier reply because it's completely false and might spread wrong information?

fyi John wrote on IRC that you can help the POS get rolling with doing lots of smaller deposits (next to big ones) into the wallet. Which part would you like to get removed?

He means that you do gain net weight whether your wallet is open or not.  It's determined by amount of coins in your wallet and amount of time your inputs have been in your wallet's addresses (without being moved).  Leaving your wallet open gives you chances to turn the net weight of an input into a stake.  The longer you leave your wallet open, the more chances you get.

Regardless, it's already back a page, so no reason to edit your post unless you want to, imo.
hero member
Activity: 829
Merit: 1000
Is VNL`s tech superior than XMR`s one?
more superior over any current coins code.

Any proof?

I think you should jump to IRC and describe what kind of proof would you like  Wink
legendary
Activity: 1498
Merit: 1001
180 BPM

@ Za1n - if you want to learn more about PoS check out the HBN thread and their wiki   Wink

Thanks for pointing me to the HBN wiki, that was more the type explanation I was looking for regarding staking.

I think the OP for Vanillacoin should include a better explaination of such features, as we are not all experts with these concepts.

Thank you for pointing that out, will look into adding more information about POS

How about removing/editing your earlier reply because it's completely false and might spread wrong information?

fyi John wrote on IRC that you can help the POS get rolling with doing lots of smaller deposits (next to big ones) into the wallet. Which part would you like to get removed?
hero member
Activity: 1032
Merit: 502
hero member
Activity: 728
Merit: 500
That is a bit harshly worded...I have been here for quite awhile and think that POS is a mild mystery depending on coin specific factors....but accurate information is important...

*Balancing civility and technical accuracy...better usernames than me have tried
full member
Activity: 185
Merit: 100

@ Za1n - if you want to learn more about PoS check out the HBN thread and their wiki   Wink

Thanks for pointing me to the HBN wiki, that was more the type explanation I was looking for regarding staking.

I think the OP for Vanillacoin should include a better explaination of such features, as we are not all experts with these concepts.

Thank you for pointing that out, will look into adding more information about POS

How about removing/editing your earlier reply because it's completely false and might spread wrong information?
legendary
Activity: 1498
Merit: 1001
180 BPM

@ Za1n - if you want to learn more about PoS check out the HBN thread and their wiki   Wink

Thanks for pointing me to the HBN wiki, that was more the type explanation I was looking for regarding staking.

I think the OP for Vanillacoin should include a better explaination of such features, as we are not all experts with these concepts.

Thank you for pointing that out, will look into adding more information about POS
legendary
Activity: 1078
Merit: 1011

@ Za1n - if you want to learn more about PoS check out the HBN thread and their wiki   Wink

Thanks for pointing me to the HBN wiki, that was more the type explanation I was looking for regarding staking.

I think the OP for Vanillacoin should include a better explaination of such features, as we are not all experts with these concepts.
legendary
Activity: 1414
Merit: 1005
Gilette Smiley sell all your bags of VNL and go fudding away  Grin

i'll be a rich troll soon

you just watch and learn  Grin
legendary
Activity: 1894
Merit: 1001
More Staking Questions

Ok, so I read on official forum a response that seemed to imply staking could happen anytime between 8 hours and 365 days. So I get that it is a random event somewhere in that time-frame.

Now my question relates to how long do I need to keep my wallet open. I realize no staking will occur if I do not have the wallet open, but say I close it and don't open it for a month, or a year. Will it then have the same chance of staking? So hypothetically, say I don't open my wallet for 365 days, according to my interpretation of that the post I would be guaranteed it to have it stake at that point?

I guess I am just trying to understand if there are any negatives to not keeping the wallet open 24/7.

Thanks

  
Quote from: traumschiff
You won't gain netweight if you keep your wallet closed.

        that's exactly 100% wrong sir!
min stake age = 8 hrs means you have zero stakeweight for the first 1/3 day the coin is in it's new address
max = 365 days means that after being in that same addy for a year they are at max weight
coins gather age/weight as long as they are not moved to another addy, which resets the timer, wether wallet is on or offline, so, keeping it online 24/7/365 is best, that way your stake income will compound. but it will work fine if you only bring it online once a year too, just you'll make a little less stake.


@ Za1n - if you want to learn more about PoS check out the HBN thread and their wiki   Wink
legendary
Activity: 1498
Merit: 1001
180 BPM
More Staking Questions

Ok, so I read on official forum a response that seemed to imply staking could happen anytime between 8 hours and 365 days. So I get that it is a random event somewhere in that time-frame.

Now my question relates to how long do I need to keep my wallet open. I realize no staking will occur if I do not have the wallet open, but say I close it and don't open it for a month, or a year. Will it then have the same chance of staking? So hypothetically, say I don't open my wallet for 365 days, according to my interpretation of that the post I would be guaranteed it to have it stake at that point?

I guess I am just trying to understand if there are any negatives to not keeping the wallet open 24/7.

Thanks

Staking is a reward on securing the network. If you don't secure it you won't get rewarded. You won't gain netweight if you keep your wallet closed.

Closing your wallet from time to time won't reset your chances to stake, but won't help you either (got corrected here https://bitcointalksearch.org/topic/m.11879255). No one can tell you the exact time to stake because it has a lot of factors calculated in. Staking isn't random, but a lot of things matter like: number of transactions from wallet, number of coins, coinage, etc.

My mobile wallet started staking after a week with several thousand coins, if you only own 100-1000 or a similar smaller amount don't expect to stake in a week. After the first stake it stakes more frequently though.
legendary
Activity: 1078
Merit: 1011
More Staking Questions

Ok, so I read on official forum a response that seemed to imply staking could happen anytime between 8 hours and 365 days. So I get that it is a random event somewhere in that time-frame.

Now my question relates to how long do I need to keep my wallet open. I realize no staking will occur if I do not have the wallet open, but say I close it and don't open it for a month, or a year. Will it then have the same chance of staking? So hypothetically, say I don't open my wallet for 365 days, according to my interpretation of that the post I would be guaranteed it to have it stake at that point?

I guess I am just trying to understand if there are any negatives to not keeping the wallet open 24/7.

Thanks
Jump to: