Shapetwist - Congratulations on a wonderfully executed plan. A few concerns I have may want to be considered. Since the coin is not POW and only 1% per year interest stake - I do not leave my wallet open 24/7 (for security purposes). How do we make sure that the blockchain does not stagnate or stop? Meaning - if I have to leave my wallet unlocked for staking purposes (24) hrs a day for 1% - isn't it more secure to open your wallet for staking once or twice a month for a day or two? Now if the answer to that is yes, how do we make sure that blockchain keeps moving? Maybe some sort of masternode system with limited collateral required to start a mn? Or maybe hybrid pow/pos mode like Diamondcoin? Just wondering if you think it is a problem? Sorry if my message is jumbled but I think you get the idea.
You raise good questions. It's imperial that staking happens across the network. We have a few more days until there is enough staking pressure.
The blockchain will then move only by POS after block 10000. We have 122 people (slightly less - some people bought more than once) now being able to stake.
I don't want to hardfork the coin just now for major changes, I believe the network can handle it.
If anything happens, we will fix it. For now, just contribute with staking.