Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 792. (Read 1484192 times)
July 18, 2014, 11:16:44 AM
^^^^ Laredo.....you are a staking GOD!
July 18, 2014, 11:15:59 AM
Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)
Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.
I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game.
But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network.
I didn't say it was everyone's plan, it's mine. I'm not keeping my wallet open all the time until we figure out how to keep the wallet unlocked and still need a password to send coins.
If it's unlocked for staking I think you still need a password to send coins don't you?
You Should In Theory but in Practice it does not require it. Try it out for yourself. It was a bug that has not been fixed yet to my knowledge but I did not check in the last wallet releases.
Oh I see! I'll give it a go. Last time when I transferred coins to myself (to different addresses) it did ask for a password, but maybe I could have just pressed enter.
July 18, 2014, 11:10:51 AM
up to 30 days before wallet stakes mate, ive been going a good while on mine now and only had a few.. They will come though... I have not "optimised" my coins either for staking.....
OK - ty. Do you know why the wallet says 14 hrs until reward though? What does that mean?
That number is an estimate. I don't know if it is accurate or not, but like Teka said, it is a lottery of sorts.
You have your weight and the network weight. I think those are what determine your "time until reward."
I view it like solo mining. Your weight is your hashrate, and the network rate is the difficulty. You can run the calculations and it says you should find a block every 14 hours, but we all know, there is a lot of variance when mining/minting. So you could find 20 blocks in a day and then go 10 days before finding the next one.
Staking is working fine for me. I have staked more than 300 XC since PoS blocks started (which was before the end of PoW).
July 18, 2014, 11:10:03 AM
If it's unlocked for staking I think you still need a password to send coins don't you?
You Should In Theory but in Practice it does not require it. Try it out for yourself. It was a bug that has not been fixed yet to my knowledge but I did not check in the last wallet releases.
I'm the same. Have not tried to send any coins with the updated XCurrency wallet. I know with the older X11 wallet, it did not work correctly.
July 18, 2014, 11:07:32 AM
Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)
Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.
I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game.
But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network.
I didn't say it was everyone's plan, it's mine. I'm not keeping my wallet open all the time until we figure out how to keep the wallet unlocked and still need a password to send coins.
If it's unlocked for staking I think you still need a password to send coins don't you?
You Should In Theory but in Practice it does not require it. Try it out for yourself. It was a bug that has not been fixed yet to my knowledge but I did not check in the last wallet releases.
July 18, 2014, 11:03:02 AM
Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)
Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.
I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game.
But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network.
I didn't say it was everyone's plan, it's mine. I'm not keeping my wallet open all the time until we figure out how to keep the wallet unlocked and still need a password to send coins.
If it's unlocked for staking I think you still need a password to send coins don't you?
July 18, 2014, 10:47:59 AM
You have asked this in the past and it was answered by synechist... If you have a truly anonymous coin, as XC is, these markets will find you and develop their own system keeping the coin out of the seedy business and making it mainstream for other merchants. I would also encourage those who don't think your fudding to read your post on cloak... You are pretty much for drugs and weapons...I do believe you say you would draw the line at murder and child porn. XCurrency, which has a name that is benign to the masses, has a wide platform, and can be used easily, will be a much better alternative to a coin with a mystic name that will be used on a captive market where the products for sale are voted up or down by those receiving fees for transactions
Thanks for your reply, I see you have done you research.
Yes, I did had an exchange of replys with synerchist and I value his opinion. However I was trying to gauge at the community perspective on this matter so I needed to bring up the discussion again. You can rest assured I will not bring it up again, as it has been clearly dismissed.
I also encourage others to read my other posts on the cloak forum. Just as a clarification, it is not me who is for drugs and weapons, but I was merely saying that except for child abuse, murder and theft, things that are considered illegal no matter where you look, everything else can be bought legally somewhere on the earth. Weapons can be bought legally in US, drugs can be legally bought in parts of EU and US and so on. I have said this in the context of how would regulation work on a decentralized market, by what laws would one regulate what is legal and what is illegal, considering that this would be a world market not subject to any particular set of laws.
I thank everyone who has participated in this discussion, I consider my questions answered.
July 18, 2014, 10:23:56 AM
Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)
Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.
I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game.
But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network.
I don't leave the wallet online with all coins yet as the Ulocking "just for Staking" still does let me send coins withouth putting the password, hence if someone hacks coins are fucked
July 18, 2014, 10:22:19 AM
Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)
Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.
I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game.
But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network.
I didn't say it was everyone's plan, it's mine. I'm not keeping my wallet open all the time until we figure out how to keep the wallet unlocked and still need a password to send coins.
July 18, 2014, 10:20:14 AM
Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)
Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.
I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game.
But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network.
I keep my wallet open 24/7. It is encrypted but unlocked for staking. Though I heard there was a glitch where a payment can be sent even with it locked without having to retype your password.
July 18, 2014, 10:15:52 AM
Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)
Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.
I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game.
But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network.
July 18, 2014, 10:00:45 AM
this is the only thing cloak has planned that we dont, as far as i can tell.
XC plans on full POS integration, so you'll be able to spend it anywhere.
Also, by "market" I'm not sure whether you mean a place to exchange XC with other currencies or a place to buy various products with Cloak/XC, but the latter will be unnecessary if you can spend XC anywhere, and the former is a standard Blockchain 2.0 implementation that is on the cards for XC.
Secondly, stealth addresses are a pragmatic but weak form of anonymity.
By market I refer to a completely decentralized online market that would use xc. For such a market to have success a true anon coin is necessary and xc is perfect for that. Otherwise there are little applications that would require the use of an anon coin. I mean using it to sponsor political parties is great but still...not enough. Also what point is there to keep the records of a online company private (using xc) if the actual business can not be conducted also in a private way (using a decentralized anon market based on xc). Do you get my point?
One thing is certain in my opinion: First anon coin that also gets a decentralized market will have a great advantage over the other anon coins simply for the fact that the currency velocity (the speed at which it circulates) will increase and will drive price higher, creating more stability, creating more demand and so on.
You have a good point there. Having a decentralised XC marketplace creates an environment where an anoncoin can flourish.
However there would be drawbacks:
- Getting real-world retailers onto the marketplace wouldn't be easy.
- Developing the marketplace would take time and a lot of capital.
- Focusing on a specific marketplace is at the expense of all the other marketplaces in the world. We want them all.
- There are ways to do real-world point-of-sale transactions where you ostensively pay in XC, the receiver gets fiat, and you don't disclose your identity. I've designed a system like this for Bitcoin actually. You'd directly pay another node that has an agreement with the retailer/POS provider. They'd exchange the funds for fiat and settle the amount with the retailer at end-of-day. Since normal retailers always trust mediators (banks, POS providers etc. etc.) this is no less trustworthy for them than normal. On the other hand the node doesn't need your personal details because it provably receives payment. So the retailer actually only transacts with the node; you're left safely out of the loop. The retailer trusts the node will pay at end-of-day and so is happy to let you walk out with the goods. The retailer/POS provider keeps track by matching your payment to the node's settlement via txID from the node when the node receives payment from you. Something like that... still have to figure it out for an anoncoin.
You have asked this in the past and it was answered by synechist... If you have a truly anonymous coin, as XC is, these markets will find you and develop their own system keeping the coin out of the seedy business and making it mainstream for other merchants. I would also encourage those who don't think your fudding to read your post on cloak... You are pretty much for drugs and weapons...I do believe you say you would draw the line at murder and child porn. XCurrency, which has a name that is benign to the masses, has a wide platform, and can be used easily, will be a much better alternative to a coin with a mystic name that will be used on a captive market where the products for sale are voted up or down by those receiving fees for transactions
July 18, 2014, 09:30:10 AM
Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)
Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.
I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game.
July 18, 2014, 09:27:01 AM
most of us have no problem with CLOAK or any other coins. as long as it is not outstraight scam. and cloak is great. dev is dedicated.
as to your argument, i suggest you PM the guy who spam cloak.
these arguments are not benefiting any coin but only waste a lot of space here and thread of cloak.
thanks.
I have never posted on cloak's forum. I was responding to "madmanbts" cloak "commercial" on this thread. I think having an anonymous developer in this age of scam coins is a concern. He also spoke of the onemmarket exchange. I would much rather have a XC VISA that I can spend freely at any merchant...
July 18, 2014, 09:22:33 AM
Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)
Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.
Just buy 400 or so,,it's way easier!
July 18, 2014, 09:19:27 AM
most of us have no problem with CLOAK or any other coins. as long as it is not outstraight scam. and cloak is great. dev is dedicated.
as to your argument, i suggest you PM the guy who spam cloak.
these arguments are not benefiting any coin but only waste a lot of space here and thread of cloak.
thanks.
I have never posted on cloak's forum. I was responding to "madmanbts" cloak "commercial" on this thread. I think having an anonymous developer in this age of scam coins is a concern. He also spoke of the onemmarket exchange. I would much rather have a XC VISA that I can spend freely at any merchant...
July 18, 2014, 09:09:55 AM
Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.)
Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear.
July 18, 2014, 09:01:28 AM
Staking is sometimes a lottery, you might not a get reward till the 30th day but it will always add up to 3.33% per year.
July 18, 2014, 08:22:30 AM
I am staking as well Constantly Once a week since a month. You just need to wait.
Same here. People over complicate how PoS works. Could be anywhere from 8hrs to 30days. Doesn't matter how often you stake either the interest will work out the same over a years time.
Exactly, that's why I wait a while before unlocking.
July 18, 2014, 08:19:19 AM
I am staking as well Constantly Once a week since a month. You just need to wait.
Same here. People over complicate how PoS works. Could be anywhere from 8hrs to 30days. Doesn't matter how often you stake either the interest will work out the same over a years time.
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