That makes sense, thanks! So in general - the less people are participating in a bounty, the more coins will everybody get, am I right? Because 1 stake will simply mean more coins at the end...hope I understand it correctly!
Yes, you got it right.
Topic: What are "Stakes" in Bounty Campaigns? - page 2. (Read 820 times)
That makes sense, thanks! So in general - the less people are participating in a bounty, the more coins will everybody get, am I right? Because 1 stake will simply mean more coins at the end...hope I understand it correctly!
Yes, you got it right.
Stakes are a means of measurement. let's say Company A is releasing token B and there are 8 people in their bounty campaign, they have allocated 1million tokens for this.
lets say person 1 has 1300 stakes, person 2 has 500 stakes and the rest of the people combined have 4000 stakes.
Then the total would be 5800 stakes
(1 million / 5800)*amount of stakes you have. in case of person 2 that will be : 1 million/5800*500 = 82,6k of token B.
A campgain will only reward you with the tokens of the company they promote or they should specify otherwise.
The comment above is talking about POS which is also a system of stake. Stake would be best defined as a share you hold.
example: ''JP Morgan discredits Bitcoin because they have a stake in taking it down.''
''I don't like to see my investments going down cause I have a direct stake in them and would lose money.''
''I have staked my coins and now can't acces the funds but I by having this share I get rewarded with more of the same coins (POS).''
So POS = Proof of Stake and it means that you submit an amount of coins that become inaccesible untill you cancel the staking to receive more of the same coin and also help that same coin being able to run the network of transactions.
Sorry but you should completely ignore the comment of the other person that replied as he isn't accurately explaining it to you and only making you more confused probably.
lets say person 1 has 1300 stakes, person 2 has 500 stakes and the rest of the people combined have 4000 stakes.
Then the total would be 5800 stakes
(1 million / 5800)*amount of stakes you have. in case of person 2 that will be : 1 million/5800*500 = 82,6k of token B.
A campgain will only reward you with the tokens of the company they promote or they should specify otherwise.
The comment above is talking about POS which is also a system of stake. Stake would be best defined as a share you hold.
example: ''JP Morgan discredits Bitcoin because they have a stake in taking it down.''
''I don't like to see my investments going down cause I have a direct stake in them and would lose money.''
''I have staked my coins and now can't acces the funds but I by having this share I get rewarded with more of the same coins (POS).''
So POS = Proof of Stake and it means that you submit an amount of coins that become inaccesible untill you cancel the staking to receive more of the same coin and also help that same coin being able to run the network of transactions.
Sorry but you should completely ignore the comment of the other person that replied as he isn't accurately explaining it to you and only making you more confused probably.
That makes sense, thanks! So in general - the less people are participating in a bounty, the more coins will everybody get, am I right? Because 1 stake will simply mean more coins at the end...hope I understand it correctly!
Can you please guide me what is the term "stake"?
Bounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
Stakes are some kind of coin, if their project runs POS, instead of calling a coin a "coin", you call them "stakes" see https://en.wikipedia.org/wiki/Proof-of-stakeBounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
because they are self-rewarding,
Quote
"a share or interest in a business, situation, or system.
"GM acquired a 50 per cent stake in Saab""
"GM acquired a 50 per cent stake in Saab""
If you own a stake, you own a part of the mining process.
A stake behaves exactly like the way a normal coin would do, but you get interested on it, because of the mining your "stake" does.
Oh, so that is same as in "Proof of Stake". If participants have more stakes, they would definitely be able to do more data mining. But now another follow-up question is, does the specific coin, say WaqarCoin running bounty campaign, provide stake for the mining of WaqarCoin only? Or does it provide those stakes for mining some other cryptocurrency?
Secondly, is the stake usually equal to the amount of coins which can be mined by node?
Thirdly, it seems like that bounty campaigns are not directly rewarding the participants by giving them coins, rather they are providing them stakes which can be used to do more mining and thus earning more. Is that correct?
Lastly, if the above third point is correct, how do ICOs pay for allocating the stakes to the participants? Usually ICOs reserve 2% or something for the bounties, but how do the ICOs pay for the cost of stakes? If they simply pay in their tokens/coins, it would make complete sense to me. But how does that work with stakes?
Stakes are a means of measurement. let's say Company A is releasing token B and there are 8 people in their bounty campaign, they have allocated 1million tokens for this.
lets say person 1 has 1300 stakes, person 2 has 500 stakes and the rest of the people combined have 4000 stakes.
Then the total would be 5800 stakes
(1 million / 5800)*amount of stakes you have. in case of person 2 that will be : 1 million/5800*500 = 82,6k of token B.
A campgain will only reward you with the tokens of the company they promote or they should specify otherwise.
The comment above is talking about POS which is also a system of stake. Stake would be best defined as a share you hold.
example: ''JP Morgan discredits Bitcoin because they have a stake in taking it down.''
''I don't like to see my investments going down cause I have a direct stake in them and would lose money.''
''I have staked my coins and now can't acces the funds but I by having this share I get rewarded with more of the same coins (POS).''
So POS = Proof of Stake and it means that you submit an amount of coins that become inaccesible untill you cancel the staking to receive more of the same coin and also help that same coin being able to run the network of transactions.
Sorry but you should completely ignore the comment of the other person that replied as he isn't accurately explaining it to you and only making you more confused probably.
Got it. So basically it can be used as an alternative term to coin or points too. I understand it now on the intuitive basis. I basically wanted to get into more details i.e. the confusing part.
Can you please guide me what is the term "stake"?
Bounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
Stakes are some kind of coin, if their project runs POS, instead of calling a coin a "coin", you call them "stakes" see https://en.wikipedia.org/wiki/Proof-of-stakeBounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
because they are self-rewarding,
Quote
"a share or interest in a business, situation, or system.
"GM acquired a 50 per cent stake in Saab""
"GM acquired a 50 per cent stake in Saab""
If you own a stake, you own a part of the mining process.
A stake behaves exactly like the way a normal coin would do, but you get interested on it, because of the mining your "stake" does.
Oh, so that is same as in "Proof of Stake". If participants have more stakes, they would definitely be able to do more data mining. But now another follow-up question is, does the specific coin, say WaqarCoin running bounty campaign, provide stake for the mining of WaqarCoin only? Or does it provide those stakes for mining some other cryptocurrency?
Secondly, is the stake usually equal to the amount of coins which can be mined by node?
Thirdly, it seems like that bounty campaigns are not directly rewarding the participants by giving them coins, rather they are providing them stakes which can be used to do more mining and thus earning more. Is that correct?
Lastly, if the above third point is correct, how do ICOs pay for allocating the stakes to the participants? Usually ICOs reserve 2% or something for the bounties, but how do the ICOs pay for the cost of stakes? If they simply pay in their tokens/coins, it would make complete sense to me. But how does that work with stakes?
Quote
Oh, so that is same as in "Proof of Stake". If participants have more stakes, they would definitely be able to do more data mining. But now another follow-up question is, does the specific coin, say WaqarCoin running bounty campaign, provide stake for the mining of WaqarCoin only? Or does it provide those stakes for mining some other cryptocurrency?
It's for the "WaqarCoin" only yes. Unless the developer rewards their participants in some other POS currency..
Quote
Secondly, is the stake usually equal to the amount of coins which can be mined by node?
"By node" you mean something like a masternode? I think that depends on what the thought process of the developer is, i don't think that has to be the case.https://pivxmasternode.org/what-is-a-masternode/ < Here for example, they just made up the % relations.
Quote
Thirdly, it seems like that bounty campaigns are not directly rewarding the participants by giving them coins, rather they are providing them stakes which can be used to do more mining and thus earning more. Is that correct?
Yes, but these "Stakes" are also coins. You don't need to necessarily stake with them, you can also spend them. - Ofcourse long-term, it would be smarter to stake them, but they really behave the same as coins do in POW, in terms of sending, as far as i know.Quote
Lastly, if the above third point is correct, how do ICOs pay for allocating the stakes to the participants? Usually ICOs reserve 2% or something for the bounties, but how do the ICOs pay for the cost of stakes? If they simply pay in their tokens/coins, it would make complete sense to me. But how does that work with stakes?
Exactly the same as you'd do with a POW coin as a developer. You simply premine a part of the coins, aka stakes, and give them out. People then can decide for themselves if they want to stake them, or not.A bit more information about the mining process with a POS coin, https://bitcoin.stackexchange.com/a/20037/59743
That makes perfect sense now. Now I quite understand the technicalities of it.
This is basically a lot to take in and a lot of new terminologies. Though I have heard of these before and have discussed a bit. But to understand and process it in this context, I will study a few more cases
I will research more on it and will go through the details of POW and POS too. I'm thankful to you guys for clearing my understanding
Can you please guide me what is the term "stake"?
Bounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
Stakes are some kind of coin, if their project runs POS, instead of calling a coin a "coin", you call them "stakes" see https://en.wikipedia.org/wiki/Proof-of-stakeBounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
because they are self-rewarding,
Quote
"a share or interest in a business, situation, or system.
"GM acquired a 50 per cent stake in Saab""
"GM acquired a 50 per cent stake in Saab""
If you own a stake, you own a part of the mining process.
A stake behaves exactly like the way a normal coin would do, but you get interested on it, because of the mining your "stake" does.
Oh, so that is same as in "Proof of Stake". If participants have more stakes, they would definitely be able to do more data mining. But now another follow-up question is, does the specific coin, say WaqarCoin running bounty campaign, provide stake for the mining of WaqarCoin only? Or does it provide those stakes for mining some other cryptocurrency?
Secondly, is the stake usually equal to the amount of coins which can be mined by node?
Thirdly, it seems like that bounty campaigns are not directly rewarding the participants by giving them coins, rather they are providing them stakes which can be used to do more mining and thus earning more. Is that correct?
Lastly, if the above third point is correct, how do ICOs pay for allocating the stakes to the participants? Usually ICOs reserve 2% or something for the bounties, but how do the ICOs pay for the cost of stakes? If they simply pay in their tokens/coins, it would make complete sense to me. But how does that work with stakes?
Quote
Oh, so that is same as in "Proof of Stake". If participants have more stakes, they would definitely be able to do more data mining. But now another follow-up question is, does the specific coin, say WaqarCoin running bounty campaign, provide stake for the mining of WaqarCoin only? Or does it provide those stakes for mining some other cryptocurrency?
It's for the "WaqarCoin" only yes. Unless the developer rewards their participants in some other POS currency..
Quote
Secondly, is the stake usually equal to the amount of coins which can be mined by node?
"By node" you mean something like a masternode? I think that depends on what the thought process of the developer is, i don't think that has to be the case.https://pivxmasternode.org/what-is-a-masternode/ < Here for example, they just made up the % relations.
Quote
Thirdly, it seems like that bounty campaigns are not directly rewarding the participants by giving them coins, rather they are providing them stakes which can be used to do more mining and thus earning more. Is that correct?
Yes, but these "Stakes" are also coins. You don't need to necessarily stake with them, you can also spend them. - Ofcourse long-term, it would be smarter to stake them, but they really behave the same as coins do in POW, in terms of sending, as far as i know.Quote
Lastly, if the above third point is correct, how do ICOs pay for allocating the stakes to the participants? Usually ICOs reserve 2% or something for the bounties, but how do the ICOs pay for the cost of stakes? If they simply pay in their tokens/coins, it would make complete sense to me. But how does that work with stakes?
Exactly the same as you'd do with a POW coin as a developer. You simply premine a part of the coins, aka stakes, and give them out. People then can decide for themselves if they want to stake them, or not.A bit more information about the mining process with a POS coin, https://bitcoin.stackexchange.com/a/20037/59743
Can you please guide me what is the term "stake"?
Bounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
Stakes are some kind of coin, if their project runs POS, instead of calling a coin a "coin", you call them "stakes" see https://en.wikipedia.org/wiki/Proof-of-stakeBounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
because they are self-rewarding,
Quote
"a share or interest in a business, situation, or system.
"GM acquired a 50 per cent stake in Saab""
"GM acquired a 50 per cent stake in Saab""
If you own a stake, you own a part of the mining process.
A stake behaves exactly like the way a normal coin would do, but you get interested on it, because of the mining your "stake" does.
Oh, so that is same as in "Proof of Stake". If participants have more stakes, they would definitely be able to do more data mining. But now another follow-up question is, does the specific coin, say WaqarCoin running bounty campaign, provide stake for the mining of WaqarCoin only? Or does it provide those stakes for mining some other cryptocurrency?
Secondly, is the stake usually equal to the amount of coins which can be mined by node?
Thirdly, it seems like that bounty campaigns are not directly rewarding the participants by giving them coins, rather they are providing them stakes which can be used to do more mining and thus earning more. Is that correct?
Lastly, if the above third point is correct, how do ICOs pay for allocating the stakes to the participants? Usually ICOs reserve 2% or something for the bounties, but how do the ICOs pay for the cost of stakes? If they simply pay in their tokens/coins, it would make complete sense to me. But how does that work with stakes?
Stakes are a means of measurement. let's say Company A is releasing token B and there are 8 people in their bounty campaign, they have allocated 1million tokens for this.
lets say person 1 has 1300 stakes, person 2 has 500 stakes and the rest of the people combined have 4000 stakes.
Then the total would be 5800 stakes
(1 million / 5800)*amount of stakes you have. in case of person 2 that will be : 1 million/5800*500 = 82,6k of token B.
A campgain will only reward you with the tokens of the company they promote or they should specify otherwise.
The comment above is talking about POS which is also a system of stake. Stake would be best defined as a share you hold.
example: ''JP Morgan discredits Bitcoin because they have a stake in taking it down.''
''I don't like to see my investments going down cause I have a direct stake in them and would lose money.''
''I have staked my coins and now can't acces the funds but I by having this share I get rewarded with more of the same coins (POS).''
So POS = Proof of Stake and it means that you submit an amount of coins that become inaccesible untill you cancel the staking to receive more of the same coin and also help that same coin being able to run the network of transactions.
Sorry but you should completely ignore the comment of the other person that replied as he isn't accurately explaining it to you and only making you more confused probably.
Can you please guide me what is the term "stake"?
Bounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
Stakes are some kind of coin, if their project runs POS, instead of calling a coin a "coin", you call them "stakes" see https://en.wikipedia.org/wiki/Proof-of-stakeBounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
because they are self-rewarding,
Quote
"a share or interest in a business, situation, or system.
"GM acquired a 50 per cent stake in Saab""
"GM acquired a 50 per cent stake in Saab""
If you own a stake, you own a part of the mining process.
A stake behaves exactly like the way a normal coin would do, but you get interested on it, because of the mining your "stake" does.
Oh, so that is same as in "Proof of Stake". If participants have more stakes, they would definitely be able to do more data mining. But now another follow-up question is, does the specific coin, say WaqarCoin running bounty campaign, provide stake for the mining of WaqarCoin only? Or does it provide those stakes for mining some other cryptocurrency?
Secondly, is the stake usually equal to the amount of coins which can be mined by node?
Thirdly, it seems like that bounty campaigns are not directly rewarding the participants by giving them coins, rather they are providing them stakes which can be used to do more mining and thus earning more. Is that correct?
Lastly, if the above third point is correct, how do ICOs pay for allocating the stakes to the participants? Usually ICOs reserve 2% or something for the bounties, but how do the ICOs pay for the cost of stakes? If they simply pay in their tokens/coins, it would make complete sense to me. But how does that work with stakes?
Can you please guide me what is the term "stake"?
Bounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
Stakes are some kind of coin, if their project runs POS, instead of calling a coin a "coin", you call them "stakes" see https://en.wikipedia.org/wiki/Proof-of-stakeBounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
because they are self-rewarding,
Quote
"a share or interest in a business, situation, or system.
"GM acquired a 50 per cent stake in Saab""
"GM acquired a 50 per cent stake in Saab""
If you own a stake, you own a part of the mining process.
A stake behaves exactly like the way a normal coin would do, but you get interested on it, because of the mining your "stake" does.
Can you please guide me what is the term "stake"?
Bounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
Bounty campaigns are using this word/term and reward the bounty participants with stakes.
I would really appreciate if anybody here could guide me. Why don't they reward the participants in crypto currency or their own token? Why use this term and not simple points?
Thanks
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