Bitcoin Forum

PoSW is one of only 15 coins and tokens (to date) that are supported by the Ledger Blue and Nano S hardware wallets. Ledger is a world leading cryptocurrency hardware provider, with the aim of providing users with a simple, portable and highly secure solution for holding coins without the added risk of storing them on easily compromisable devices, such as smartphones and personal computers. An existing integration means that users can purchase a Ledger wallet as a low cost solution and store their private keys on it, and existing Ledger users already have a ready-made integration (provided they upgrade to the latest version).

We believe this will accelerate the rate of adoption and increase consumer trust in the PoSW network, as security concerns are frequently cited as being barriers to use of cryptographic assets. The integration also fits in perfectly with our Trustless Proof-Of-Stake solution as users no longer need to disclose their private keys in order to stake and be eligible for RSBs, which we find to be in harmony with our longer term goals.



At its very core, the modern banking system is based on a simple paradigm - ‘Trust’. We give our money to banks and they provide us with services in return (deposits, loans, and investments). While we could perform these services ourselves, it has proven much more convenient to use this centralized, trust-based system.

To mitigate the potential for abuse presented by such a global centralized system, decentralized blockchain-based assets (such as Bitcoin) have been introduced. To secure a decentralized network and ensure users cannot double-spend their funds, Bitcoin utilizes a Proof-Of-Work (PoW) algorithm, which requires miners to prove that they've spent a certain amount of computational resources in order to make an attack on the network uneconomical. PoW networks aren't financially ideal as only miners can receive block rewards and transaction fees in return for precious resources, whereas regular users do not see any ROI from holding their coins.

This is where Proof-Of-Stake (PoS) networks come in; the transaction confirmation mechanism shifts from a burden of proof of the expenditure of resources over to total stake held - transactions are confirmed by simple nodes who hold large balances, and the greater the balance the user holds, the more likely they are to receive fees and block rewards. While this significantly reduces the amount of resources required to confirm transactions and effectively allows the average user to see positive ROI on balances held, this system still requires a user to maintain connectivity at all times, to do so via a high-bandwidth connection, and for their wallets to be unlocked 24/7. During any timeframe in which all aforementioned conditions aren't met, the user is skipped by the network and does not receive their fair share of stake rewards.


PoSW has devised a solution to the problems being faced by users of decentralized networks today: Trustless Proof-Of-Stake (TPoS). TPoS essentially allows users to own a stake in PoSW, a Proof-Of-Stake currency, and have any other node (merchant nodes) do the staking for them using their high-bandwidth continuous connectivity (to ensure maximal rewards distribution) while not having to share any spendable balance or private keys with the node owner. Your funds are yours and yours alone, and will safely and securely grow over time even while you sleep.

To accomplish this, we have created a multi-layered cryptographic architecture that expands the private-public key paradigm, called Triplet-Based Encryption. This three-layered model will feature a public key, which serves as a public address and stores unspent balances, a private key, which can authorize the spending of a balance stored on the public address it was used to create, and a "shared" key. The shared key is created whenever a user chooses to allow a merchant node operator to stake their funds and its sole purpose is to authorize the staking of a user's balance. It cannot spend or move the balance around; for those the private key is required. Now that a user has a new key that can be used for remote staking only and the private key no longer needs to be disclosed, the concept of trust is once again eliminated, allowing the economics of the PoSW network to prosper.

We believe TPoS will be the next stage of evolution in terms of guaranteeing ROI on balances, and our adoption strategy will ensure it becomes the standard across financial services worldwide.



PoSW Masternodes will be dedicated hardware nodes that reside on servers around the world to ensure network decentralization and needed redundancy. Masternodes serve a critical role in adding a self-governing, service-providing layer to the network, as well as supporting the PoSW vision and mission statement by performing network-related functions.

To secure the long-term health of the PoSW network, Masternode operators will be financially incentivized to keep their nodes running for extended periods of time, primarily by getting paid for services rendered. These will include the following:

1. X% of all block rewards, minus a fee paid directly to the treasury and subject to the Block Equalizer rate of each period
2. Transaction fees, including usage of PoSW's Stealth Send and Flash TX services
3. Revolving Stake Bonuses (RSB; expanded upon in section 1)
4. Trustless staking fees paid by entering into contracted partnerships with users who wish to earn extra stake rewards by utilizing our unique Trustless Proof-Of-Stake feature (TPoS; expanded upon in section 3)

Masternodes will also store an exact replica of the PoSW blockchain each, thus allowing average users to use thin SPV web, phone and PC/Mac wallets. Statistically speaking, the average user will tend to want to use thin wallets for greater usability. We believe that in order to achieve the mass adoption we have planned, a reduced barrier of entry will need to be introduced to our users. Masternodes help eliminate the requirement for running a copy of the blockchain on a user's machine as wallets will connect to Masternodes directly and securely.

Masternodes will require a set amount of PoSW coins as collateral, fully redeemable should the owner ever wish to take their node offline. This is to reduce the financial viability of performing malicious attacks on the network by setting up malicious nodes, as well as guarantee that only stakeholders in the PoSW network are allowed to vote on proposals, thus ensuring their quality.



The PoSW project regards user anonymity and financial privacy as a core value. For a global payment network to be ready for mass adoption, payments between users must be confidential and unlinkable, and public addresses used to store funds cannot reveal a user's balance. To illustrate this point, failing to do so will result in vendors' inability to set prices and negotiate effectively as both suppliers and customers will be able to see their transaction history, what they charge and what they pay. This is clearly an undesirable outcome that we seek to prevent.

To answer growing privacy concerns, PoSW will introduce Stealth Mode. Stealth Mode will be a two-way obfuscation-de-obfuscation service enabled from within a user's wallet GUI. Users will have two types of public addresses, standard and Stealth addresses. Standard addresses will act similarly to any classic blockchain solution - send, receive and store unspent balances that are visible to the world. Stealth addresses will be obfuscated ones that will conceal both transaction information as well as balances stored.

Users will be able to transfer balances back and forth between their standard and Stealth balances, and send funds from one Stealth balance to another. This will also make use of the Masternode network and fees will be applicable. While the coin collateral requirement will make sure to reduce the number of potentially malicious nodes (if at all), even a large number of malicious nodes on the network working together will find it extremely difficult to uncover the transaction information as well as the users involved.



In the interest of facilitating rapid transactions across the network, preventing any future scaling difficulties, as well as providing a payment service that's ready for point-of-sale commercial use, PoSW will feature Flash TX- the ability to send near-instantenous transactions between users. When using Flash TX, the sender essentially requests the Masternode network to oversee the transaction being made, which allows for several interim confirmations until the first blockchain confirmation occurs. The receiver will immediately see the transaction as spendable in their wallet. This prevents double-spend while increases the number of transactions per second the PoSW network can handle.



Deflation is the method PoSW rewards coin holders, executing this via the RSB mechanism. RSB “Revolving Stake Bonus”  will build and support a network of businesses (i.e poswallet.com) whose proceeds are sent to their respective & assigned burner addresses. The scope of these operations will be limited to properly incentivize businesses to perform the ‘proof of burn’.
There then can be a suite of applications built on top of these addresses analyzing in real time the health and statistics of the ecosystem. Holders will track exactly how much value these bonuses provide directly from within our wallet and which organizations are providing them. There are many models and layers you can build on this framework, let’s start with a popular one — financial services.  

Hedge funds
It is important to understand the effects blockchain will have on the world of traditional financial services, in particular Hedge Funds. We are living in one of the most disruptive eras of growth in human history with massive amounts of wealth being generated in relatively short periods of time. A hedge fund model is perfectly positioned to capitalize on hyper growth industries as they have appropriate risk assessment and diversification models to benefit from these gains taking place. Our treasury (~.001% of total market cap a month) controlled by our masternode holders could in theory behave as an individual client of a chosen hedge fund. Through our budget/ proposal system fund managers would accept a principal from our MN holders and provide a transparent portfolio with audit-able gains and losses. Once their proposal is approved we (the community) assign them a burner address which they use to send their agreed upon proceeds. There would be little of an incentive for a fund manager to ‘run away’ with our budget if we work with reputable names as RSB provides transparency and trust. For the fund manager this will result in larger budget approvals for that given individual or firm as time goes on.
There will also be re inventions of these funds along with all other financial service models. One being that we could soon start to see ‘anonymous’ hedge funds where individual identities are concealed but their brands are reputable, verifiable and public. Just like an immutable blockchain being released in the wild we could see portfolios released getting popular whose origins are not traceable but results famous.

PoSW Ventures
A common problem arising amongst treasuries is oversight. It is difficult to find a model (outside of delegating core team members themselves) that allows ongoing diligence after a budget is paid. This causes inefficiencies, delays and losses for investors. This current structure is also limited to shorter terms (months vs years) and is problematic for projects requiring long-term development and growth. One solution is to work with private venture firms, outsourcing day-to-day operations and larger investment projects which ensures our ecosystem will grow to scale and allow further degrees of organization while maintaining control to our Masternode holders.
A VC firm is a bit more dynamic vs a hedge fund as it deals with long term business development, equity distribution, and higher risk/ reward ratios. Focusing on development that services the PoSW community however will strengthen our long term position and growth coupled with more traditional treasury operations. Using equity distribution mechanisms on the blockchain coupled with smart contracts ownership can be distributed accordingly to end users via the RSB burn passing the value to the average users.

Staking as a Service
Staking services, pools, masternode hosting etc. will easily integrate with our RSB model and will be the first to arise. Our proof of concept will be our very own poswallet.com, where by integration of our API into the QT wallet we will not only be able to provide information on the RSB address but also statistics relating to servers, nodes and other relevant operations to users and investors directly, in real time. Imagine having an interface where you can see data on each bonus address showing you not only the health and statistics of the given business but also the rewards it is providing to the holders of the currency as well.

Incentivized Prizes
Why is the free market so efficient? It is because individuals are racing to get a prize — profits. They will put time, energy, and pain to get them and many sacrifice to great lenghts. We can use this economic principle and put it on steroids offering ‘X’ amount from our treasury to whoever solves a given problem, adds a feature, builds a service that helps our community. If the prize is big enough there will be multiple teams competing against each other building entire businesses just to obtain the prize alone. We could track the progress of everyone from within our RSB interface giving real time data and statistics as they race against each other to the finish.


As a fully Proof-Of-Stake currency that lacks mining rewards, PoSW maximizes block rewards and fees for its staking users and Masternode operators. The network can therefore more comfortably afford to allocate a certain share of all distributed fees and rewards to a central fund, known as the treasury. The treasury is a cryptographically sealed public address that holds all funds allocated to it by the network, whose funds can only be spent on proposals submitted to the network officially via a dedicated portal. Each proposal can be voted upon democratically by Masternode operators proportionally to the stake they hold in the Masternode network (i.e 2 Masternodes will entitle the operator to 2 votes). Once a proposal is approved, funds are allocated to it.

The treasury and its democratic voting nature ensures that the network not only has a chance to receive project proposals that help develop and propel it further, but that project contractors compete against each other to deliver the highest quality projects on time and under budget.

The PoSW R&D team is currently reviewing a possible introduction of a "Normalization Shockwave". This shockwave will be a multiplier placed on all running proposals across the network to maintain their real value. For example, let's assume that a graphic redesign project for a new website for PoSW is being lead and has received funding for a total of 1,000 PoSW coins. A week later, the price of PoSW increases by 25% (very common in the cryptocurrency world). The community will vote on a shockwave multiplier of 0.8 in order to restore the project's real value to 1,000 PoSW at the moment of approval. This will also work the other way around; a multiplier above 1 will ensure that if the price of PoSW drops below its initial value the project isn't frozen and is brought to completion.

Mathematically speaking, since all multipliers preceding the most recent one are already factored into the most recent one, there is no need to keep track of each individual iteration and engage in complex calculations that could wrongfully inflate or deflate any project's funds. We believe in simplicity of design.



As Masternodes serve a vital role in the ongoing operation and development of the network, having too few across the network negatively contributes to its health and resilience. On the other hand, having too many can hinder future growth. As Masternodes require collateral, having an excessive amount significantly restricts coin liquidity, which prevents commercial application and adoption outlook. It also reduces the number of coin-staking users on the network.

It is therefore valuable to create a mechanism that strikes an ideal balance between the two. Block Equalizer determines the current balance between the fees and rewards earned by Masternode operators and the stake rewards earned by users as a whole. If the balance is tilted in favor of one of the sides, it reduces its rewards and increases the rewards earned by the other side. For example, if there are too many Masternodes and too many rewards are earned by them as a result, Block Equalizer will reduce the Masternode share of the block rewards and increase the share users earn by the same ratio, and vice versa.

This will be dynamically and automatically recalculated every N blocks by the blockchain.

Good stuff.. will be investing some more to it.

I got my posw ledger in hand, bout time we see the new upcoming features publicly displayed for all to see :)

POSW IS BACK BABY!!!!

"To accomplish this, we have created a multi-layered cryptographic architecture that expands the private-public key paradigm, called Triplet-Based Encryption. This three-layered model will feature a public key, which serves as a public address and stores unspent balances, a private key, which can authorize the spending of a balance stored on the public address it was used to create, and a "shared" key. The shared key is created whenever a user chooses to allow a Masternode operator to stake their funds and its sole purpose is to authorize the staking of a user's balance. It cannot spend or move the balance around; for those the private key is required. Now that a user has a new key that can be used for remote staking only and the private key no longer needs to be disclosed, the concept of trust is once again eliminated, allowing the economics of the PoSW network to prosper."

FREAKING GENIUS

Nice to see POSW back on its feet and ready to roll.

I am highly optimistic of the project's success this time around.

This alone is reason enough to give a serious look at POSW.


Excellent feature!  Thank you team.  I wold definitely use this.

In my opinion, this ANN is great.  It gives a clear direction that the coin is moving to, and these are ambitious and awesome features that are sought after in the current market (especially anonymity)  


This gives POSW much more value than the current price reflects.

Fantastic job POSW team!  I've been looking forward to reading the new ANN and this made me an even larger supporter of your project.

The only thing I'm waiting on now is my Ledger . .  ;D
Awesome.

I don't know what PoSW does or wants to do, but it seems interesting so I will probably read about it and update this post once I have.

This is why I bought a limited edition PoSW Ledger Nano S Hardware Wallet two weeks ago. Having Ledger support is a big reason I bought another one to have.

One of 15 tokens on the ledger...and the only token of those 15 not on a major exchange. The others all have over a 200 million market cap, this has 3 million. Wonder what will happen when this coin hits a big exchange...seems pretty clear!

Great work, I may have to buy some more. Trustless proof of stake is a real innovation and master nodes are awesome.

 Great going posw  why the pre-ann  posw has been around a long time now.

good project
open plan ico selling dev
and any bounty or airdrop

Really good news. Best of luck with the coin! Can't wait for the roadmap to be implemented :)

The roadmap has already been posted on the info site

https://posw.io/roadmap/

PoSW has amazing potential.  We could be looking at 20k Sat in a week.

Awesome project!!!
I can't wait to see how it progresses. Well done guys!

It makes me to question the credibility of people posting on a thread to say good things about a coin when they have equal posts as activity. at least post a few times on some other topics to make this less obvious that you are bag holders. I see nothing wrong with handing over my tokens to a third party claiming to be a legit staker.

It ran reputably for awhile then closed down registrations as it came under new control.

Feel free to check my post history :)
I've said unflattering things about posw, but everything bad happened under prior management.
My faith got restored after my posw ledger actually showed up and all customers who lost anything in the issue had funds reimbursed.

If by bagholder you mean buying it up as fast as I can get funds to do it, Then Guilty!

Wow! PoSWallet is getting exciting now! This is like PoSWallet reborn!

I got a feeling that PoSWallet will soar soon...and I don't wanna miss a thing now with PoSW. I wanna ride with you guys! :D

Come on ride that train, that POSW train!

Great web design for both websites. So, this is a POS only coin, no mining is possible, right? But without POW, can you implement masternode?

I remember back in the spring when this hit 20k, looks like the mania for it is starting again. Not that it's a bad thing, they've been doing a lot of work on the website and streamlined a lot of the features, and by streamline I mean getting rid of most of it (coins, faucets, exchange, staking services).

Oh well, I'm in, let's load up and blast off.

great project sir, no plan about bounty?? i'm interesting to reserve indonesian translation for this thread.
my previous works:
https://bitcointalk.org/index.php?topic=2075556
https://bitcointalk.org/index.php?topic=2071201
https://bitcointalk.org/index.php?topic=2119739
https://bitcointalk.org/index.php?topic=2126665
https://bitcointalk.org/index.php?topic=2129078
https://bitcointalk.org/index.php?topic=2185911

It was at one point pow, now it's purely POS -- and yes you can.  Mining isn't a requirement for masternodes; many other coins are purely POS now and implement masternodes.

It's very good that PoSWallet will overhaul their system. This will make PoSWallet stronger and will be in-demand. Masternodes will be a big plus that contribute to PoSWallet attractiveness. Thanks to devs. You guys were the reason why so many people have entered, and gained more knowledge about the cryptocurrency world.

Nice coin. I like how you have explained everything so well. The staking is explained well even if it's a little confusing and complicated so thanks for that. I think k you need bou toes to bring more interest like the one user above me suggested.

I forgot to ask, is this the same posw coin listed on yobit? if it's the same then how does it work with a pre ann because it was already announced and is listed on exchanges.
I like the way you used the trustless in your title, really untrue.

What do you mean by trustless being untrue? We are working on the development now of the feature.

Nice , i Mark this thread ;)

It is the same coin as on yobit.
Its a pre-ann because it has a new team, trustless staking is a new concept; it doesn't coorelate to the previous poswallet.com but its a tech feature that will be implemented on the coin itself.

no plan about bounty sir?? i'm interesting to reserve chinese translation for this thread.

 Getting pretty discouraging, even if it's so new.

Great developments on posw! You are making a super advanced coin with all the hot tech and the Tpos is truly ahead of its time. Im in!

I knew this coin would have a comeback. I mean think about it:
> They didn't run away with funds
> Wanted to improve their service
> Got swamped with users

It just needed a little fine tuning

Posw again? whats about the old posw i already have are they dead now too? 

The old posw is still perfectly fine; they're just announcing the updates they intend to roll out now that there's new management.

first new devs, then posw.io now a preann, posw is back on track

Interested to get some airdrop  ;)

Awesome stuff. Cant wait to see what is delivered!

Interested to see if these developments roll out

PoSW Coin Information Page - https://posw.io excellent update.  
I'm glad that you showed the team of developers and coin managers - this is a big plus.

How many for masternode?

Not yet announced, maybe will be in the Whitepaper coming in the next few weeks.

On Slack they're talking about anywhere from 15k-50k POSW

Thanks for the update.

Will there be a swap?

Man, i think this will be awesome when Ethereum becomes a PoS(not to be confused with Piece of Shit).

Great, I bookmarked this thread for now, following PoSw since the very beginning, but I think good old times are over.

Its hard to remove bad taste in the mouth from the past but I will let myself open for possible surprise.

It wont be the first time I was wrong, definitely not the last time, that is for sure.

This is HUGE.. Time to accumulate, this is going to be a very strong coin with a future good price. Not gonna speculate openly here about price predictions, but I'm buying as much as I possibly can at this state, especially because I want multiple masternodes.

Thanks for the update. Good project, that is still going under the radar, so to speak

I agree. With everything going on, and with talking to the Devs in the slack channel, this is one of those rare opportunities. We are pretty close to ground zero with this project. I believe several will make alot of money if they hold strong. Not saying it is going to happen overnight, but the potential is there.

Looking forward to the future of PoSW! Kudos to the team on the revamp, accumulating as we go  :)

Putting some more to my stack with news like this coming out :)

when poswallet open new registration? i can't open account in poswallet site.

Going to watch this project from now on because about a few months back I had developed an interest in posw coin but couldn't get to hear much about it's future plans, development etc. I'm glad that they are back and with renewed energy and enthusiasm this time I guess.

With additional team members committed to make the project great... Talking about 4+ devs now, marketing, support, project management, and a growing community which is there to help us out! Better watch pretty hard.

According to plan. 1st of October :)

Nice update, one of my favorite projects. Was kind of nervous when you guys decided to delist all the coins. At least my PosW is still staking. What is the planned amount of PosW's needed for a masternode?

the project is resurrected, is it possible to achieve success? I still have a doubt for it, how this project will be re-developed,
with different methods or remain the same as the former

No set amount but between 10-20k was the vote range of members in the admin/whale room.

I think i have a decent amount locked in for a masternode. The team says they do not want it to be affordable only to the big holders. I would say that this price point is probably pretty good to accumulate as much as you can to ensure you can afford one. I can only see it becoming much more expensive.

this is an interesting information to be shared here by the team POSW masternode will be an profitable staking investment so people will be looking forward
to be a holder and just wait till their wallet stake with a good revenue in returned, good job team for bringing this white paper allowing investors to read the
plan behind this project more to come guys.

Looking forward to poswallet.com taking on new account creations oct 1 ! Also cant wait to set up my masternodes!  Will be very exciting. And to see how Tpos works will also be interesting.

amount required for a masternode should not be too low.

I would expect at least between 50k to 100k posw

the problem would be accessability in the long term, when tpos kicks in posw has real potential and if masternodes cost too much it hurts the network. if posw reaches pivx prices, which is absolutely possible by looking at the goals, then a masternode would be 169k usd (50k posw) to 338k usd (100k posw). i think it is a good choice - especially with this roadmap https://posw.io/roadmap/ - to keep the amount low so the network wont be hurt in the future

That was the idea for 10-20k range, side note suppoman discussed posw.
https://youtu.be/hpvpw0M6K74

While his knowledge and terminology wasn't the best regarding several points in the video -- still good coverages for posw.

Who are you? Lol
The team wants the opposite - affordable but not blatantly affordable i.e. 500-1k a mn.  Even the whales agreed on a price point that is accessible to the every day person post $1 posw.

You really think Posw can reach Pivx price levels?

why not? masternodes, instant send, ghost (anonymous) send, and a treasury all sound good, in combination for sure worth something, but are nothing particularly new; the core page wont stay like this, staking of coins will be enabled again, the service itself makes sense, eth integration is said to be finshed; but tpos is my favorite and absolutely new; the conecpt of trustless staking for me personaly is one of the best answers on constant trust issues within cryptos and especially with online services.

saying all that, yes of course right now i put trust into the devs and their abilities to fullfill their roadmap, but i have been with poswallet for some time now and the new team might not be perfect but i trust that they are working

Are you sure you read my post correctly? I know I have newbie status but I'm not an idiot, so please do not come at me with such a condescending tone..."who are you"...You just restated my point entirely. Please read again.

What does PIVX have to offer really? Once the key features is developed and we are on bigger exchanges, it will become a $10 coin guaranteed.. It's a VERY needed service in the crypto space.. Think about it

Nothing in guaranteed, this is crypto and anything can and does happen.  Try to shill less and people will take you seriously.

Although I think in all the right conditions PoSW can defiantly reach $10. You could say the same things about many coins with comparable supply and market cap. In the right conditions any coin can be a winner. The things is we do not know what the future conditions will be in the crypto space or for this coin. With that being said, I do see the potential and believe that a rise is inevitable with what is planned for the rest of the year.

I'm asking who you are because I want to know if you were in the room for the vote :)

Lol shit I just noticed its Mrbates. No i have just been in the slack. Im PedroPlatinum:)

Its the red trust it makes me invisible lol  8)

Glad to see that posw team continues to develop the project. New roadmap looks awesome, many new features for posw will bring more success for this coin and community.

+1
Great project. It will certainly prosper of the devs achieve the roadmap right on schedule

Anyone know when they're announcing how much is needed for a Masternode?

so glad to see posw come back in the game again with some new features. excited to see how far this can come.

No we are not sure yet. Guesses range anywhere from 10K-50K. A big variance...I know. I would just accumulate while its still dirt cheap and hold tight until an official announcement.

Nah man, the people who have been around for awhile know the flaws in the trust system at bitcointalk.  No worries man.  You do much for the good of Proof of Stake Wallet.  Looks like price is moving upward in a healthy fashion.  Prospects are up in my opinion.  

The team has done well already in my opinion, the website and new system here has restored my faith in the project.  Cheers  8)

I've been on the Slack and the team have worked tremendously hard to rejuvenate this coin, it's going to go a lot higher that is all but guaranteed.

Planning on purchasing a few of these in the next day or so! Looking forward to this.

Well... I just bought another 23k coins. This looks promising :)

there is something happening on the devs blog: https://posw.io/posw-2-0-wallet-revolving-stake-bonuses/ sounds interesting

I thought they had sold out of the Ledger Nano S hardware wallets, but I see at the end of that post they still have some. I'm heavily thinking of ordering another one to stash for longterm memories since I still have a chance.

wew, its so interesting.
online stake wallet, right?
btw, how to create account on poswallet?

You cannot create one as of right now.. New registrations will be accepted strating at Oct 1st. Right now you can only access poswallet if you already have an account.

My order of 100 ledgers just shipped  8)

Going to make a website called blackmarketledgers.com and sell em domestically ;)

wow 100 ledgers thats crazy. the bonus itself gonna make you rich soon.

lovely how you think it is important to reply without bothering to read the link.... the link describes how the coin (not the page) will be further developed in the aspect of revolving stake boni, which will replace dividends.

As far as I know he's got more than a million POSW ;)

if the 100 ledgers were from the 2500 extra posw times that would be a quarter million alone :o

Wait the moon 20 k

5 More days until registration opens back up on poswallet.com!

The Posw project is very interesting for me because I think POS crypto-currencies can be in the future more atractive like others profs. In crypto-currency space more members of different communities want to mine and Posw can be a good option. I await to see what come and think to invest some here.

Posw coin is a good investment now. Devs have a new roadmap, many people like and hold this coin. When new development milestones will be passed, we will see new ath for Posw.

Why did you create a new topic?
https://bitcointalk.org/index.php?topic=1695121.0
The main project has already been closed?

firstly this is a work in progress whitepaper and differs from the former idea of having poswallet in the focus
secondly the main project has not been closed, but is being developed to poswallet2.0 according to the devs

a brief overview would be: first quarter poswallet.com is online and staking many different coins, releases posw-coin; second quarter price explosion (ath ~20366sat) followed by delisting of pivx, suboptimal marketing, a lot of fud, no profits, more delistings, announcing that poswallet has to change, idea poswallet2.0 with pooled masternodes & eth integration. third quarter poswallet.com has a server breach, admin decides to focus on security issues and gets new devs for the coin on board; idea shifts from poswallet being in the focus, to posw-coin being in the focus. first publications on how the coin should develop on posw.io and here.

so whilst the poswallet ann was more or less announcing an online staking service with an appendix coin, this thread is about the coin itself

I want to use Posw wallet but the mobile website not permite  new signups.
Is there other option to create new account or is just a momentan situation? Thanks in advance.

My slack username : thomastthom

My telegram username : @thomastthom

My twitter userntme: @thomastthom


My ETH address : 0xce65E462A7b606fF16Aa05328150d6E7E7548ea6

Thanks

is just me or i have saw this project before..i have the feeling this is not a new project..hmm

It's gonna reopen 1st of October :)

I am very excited about this Project. Cant wait to start using the Website!

Thanks. If that is the open day, here are just few days until the registrations opens again on poswallet.com. I await to see how work. I just bought 2k posw.

Hi, is there a "support" thread ? Because i can't get my desktop wallet to sync :/

I think if you not sync the wallet yet is better for you to contact the dev team in slack or direct at their website office or support email.
If you have a problem/question about your account at poswallet.com, please join in Slack https://poswallet.signup.team/

Thanks mate. But for an unknown reason, it's now syncing, after 3 days of waiting... and i did nothing ! :)

Well.. It's growing pretty consistently right now. That's most likely because people are about to open their eyes and notice the development on this coin :)

shouldn't a dev have his eyes on the coin he develops?? or is that not you on the posw.io page?

really excited to see what is happening the next month. are there planned some advertising?

I tried to withdraw this coin because after months of waiting for price to recover - months - the price was finally good. And instead my transaction has been pending for an hour for being over some arbitrary limit - DESPITE MY DAILY WITHDRAWL LIMIT BEING $4000. Naturally by the time I can finally sell (like what, Monday?), I'm fairly confident that the price will be bad again. I withdrew in what would have been time enough to get 25-30 cents, which it is far below again.

POSW started by letting you stake coins and having a nice exchange. The staking is gone. The exchange is gone. I never locked my coins up because I wanted to be able to sell whenever I needed to, and now they even took that from me. Me losing or making money through fault of my own bad guesses and bad trading is fine. I have nothing to be mad about there. This thing with POSW though, I am going to have nothing but bad things to say about this project for a good while.

I figured I would also get no quick help on the slack, and unfortunately that ended up being the case.

are you serious its gonna be much better now than it was before. have you read the whitepaper and understand what it means.

Is already here 1 octomber and the poswallet mobile version website can stake the coins. Im very interested to experience this Poswallet.

You sure you did nothing?

Mine is stuck at 581 blocks remaining.

I could not care less about the coin plans, I wish you all well on making money, but I bought POSW to use the exchange & stake coins (especially the use the exchange part), not for the new plans, and today was a chance to finally exit at a good price and that was taken from me by these stupid withdrawl rules

firstly i feel you, i liked the original poswallet very much as well, but since it was not profitable, there would have been no worse decision than not changing anything
secondly, the limits have been in place since i joined psowallet back in january, so that's nothing new, as well as their office hours. I personally never had a problem withdrawing, but i never tried whilst they were working on some security measures on the page
thirdly, since i was anticipating the changes that poswallet undergoes i withdrew my money before the weekend.
and last but not least: i doubt you could have sold for 5-6k unless you would have had them in a sell order already when the pump happened

I tryed againg to new signup in poswallet.com but again same message: "New account creation currently disabled."
Here few members says that the poswallet is open in first octomber. Is real or just a speculation?

Will probably be late in the day est. time. But yes the Devs have stated the signup will re-open today.

Its Open!!!

Price is rocking recently

Absolutely nothing else but restarting the wallet, and waiting.

we go to the first destination. (20 k)

there are lots of bags from the April dump, lets see if we can break through this

Yes, is real. New signup just started. I just create a poswallet.com account, and think about start stake with few POSW coin to test it. I will start this week with little sume of POSW to stake and gradualy is posible to invest more if it will work. I wish succes at all!

The website might be open again, but I'm still waiting on any improvements to the site/coin. So far all they've done is delisted everything and promised improvements in the coin, guess I'll keep holding until something new comes out.

why would I complain if I couldn't have sold for 5-6K? I tried to withdraw 1 hour before prices hit that price, I would have sold all at 5K+; this stupid withdrawl rule cost me $1500, I'm pretty mad and never going to forget this BS

a lot of coins with the same purpose and that means a lot of competition.
posw had an advantage of entering the market early.
but they didnt cash out on that.
will they be able to it in future.
i frankly dont think so.

which coins?

Frankly i dont give a dam about your opinion! Posw will be top 20 coin

This is your own fault. Lol. If you need to sell on first small pump you should have had your coins at exchange already and you orders in!   ???

Many positive news will come from the poswallet devs in the near future. We will see a good rising with the new development progress. This coin have a strong team and community.

Holding this coin for almost 7 month, hoping for better days.. :)

yeah as the guy above said .. lots of news announced but nothing released yet than the old Website with coins delisted :/

Well so far they have delivered on what they say they will deliver. Info website, roadmap, new ann thread, getting the online wallet back up and running. I think they are headed on a good track and im confident they will continue to bring the goods.

I like this project .. anxious for news =)

If we keep this upwards trend going. We will hit 20k Satoshi or even higher before Christmas. Pretty exciting :)

Yes , chart says to me if price will up above 7000 sat we will hit 20 000 quickly!!!

I am very hopeful

HODL  20-30 K

novidades

Rumor has it new stuffs coming soon™, tomorrowsoon™

I hope you guys filled your bags ..

metropolis update of ETH .. eth -> pos

posw masternode + eth staking = ????

profit

i hope that they announce when eth and masternodes will be released, cause that will blow this project to the moon.

would be really surprised if it was anything substantial. most probably just another half-finished concept to be implemented when everything works (soon, very near future, 1-2months, be patient) for fomos sake

Hey Posw friends :)
I'm holding 10k posw in my ledger nano s
Does it matter where we actually store the coin when it comes to the monthly dividends ?
Like do I still receive the monthly dividends or I will have to store my coins in poswallet.com so I can receive the monthly dividends ?

Thanks

You can either store in the desktop wallet or poswallet.com.

Poswallet.com is the only place for the dividends currently

https://twitter.com/POSWallet/status/917055795526864897
Announcement: PoSW testnet is live with most functionalities active.
Masternodes & TPoS coming soon. Faster than expected.

fasten your seatbelt

i am so excited. really look forward to see all the new features and how many coins for a masternode.

500k

I hope thats a joke  ;D

Maybe from 20k to 50k for a masternode

Any news/update?

20K is more or less smart amount for masternode..

What's going on with POSW?

I can't join slack for some silly reasons from months back.

Any behind the scenes updates devs can give here on ANN?

what's the problem with slack?
You can also sign up to poswallet.com
there you can see latest progress update in the dashboard

An update from the devs on poswallet.com yesterday:

"
It has been a few weeks since we provided a progress update for POSW 2.0 - the team exchanged thoughts and ideas and wanted to share some of them on the following major topics:

Ledger Wallets: We have seen incredible support and fanfare about the Ledger wallets. After an initial rocky start due to supply shortages, we have shipped several hundred of these wallets with another round going out today. We are already in discussion with Ledger about updating the app for the new wallet code to ensure a seamless transition.

POSW Wallet Upgrade: This has gone from an initial plan of just bringing the source code up to the BTC codebase to a complete overhaul with awesome new features and an entire codebase revamp. The teams have worked really well together to integrate internal ideas and ideas from the community to make a truly uniquely-featured wallet. We have a functioning testnet with many of the wallet algorithms already complete and under testing. One additional feature we are currently investigating is integration between the wallet and the poswallet.com statistics reporting server.

poswallet.com core codebase rewrite: This has also been completed; however, it was a few months late. In the end, we rewrote all of the modules as well as adding a few related to user and transaction security. We were not happy that it took so long to complete, but are now focused on completing other tasks.

poswallet.com site update: The new layout/codebase integration is currently undergoing internal bug testing - we expect to bring a few beta members into the testing loop soon. The layout is simpler, more useful, and less buggy. We also have some cool ideas for new website features that we are exploring (some tied in with the release of the new wallet codebase) including: a buy/sell marketplace for users to use POSW to purchase goods, a merchant area for people to connect with external merchants, pooled POSW masternodes, 'featured' masternodes where other coin masternodes are available via a POSW buy-in, and more. If you have an idea you think is really cool or unique, please let us know!

POSW Team "

a viable project.Waiting for airdrop down
 ;D

please i have question about time of running musternod of posw

Still believe in this coin, firmly..

Thank you for the replies. I had been banned from slack in spring for reasons I don't remember. Those updates you psoted were exactly what I was looking for.

It's nice to see a project I'm actually interested in for once. This really seems like it has a lot of potential to become a serious competitor on the crypto market. Will surely be following and even investing into this.

Damn, exciting times. Cant wait to grab some masternodes.  ;)

some weeks ago where staking was active you just had to move your coins to the "staking-wallet".. all coins we're staked automatically without being online

atm it is working that way with POSW but soon masternodes and other coins will be added again!

Verry nice project. I am interested and will be lurking your thread.

Go to the slack channel. More activity and updates.

once wallet 2.0 and masternodes are released, there is no way this will remain under $10MM cap.

hopefully i will have enough for one MN  :-X

Guys dont think twice. I can say and confident that Posw will break other top alts in the history of cryptocurrency. Just hold and multiply your posw coin.

Can i ask the link to be invited to slack channel, i cannot use the link on the first page, i cannot get the invitation from them.

I want to participate in that. please.

Weird. The link should work. https://poswallet.signup.team (https://poswallet.signup.team) Just enter you email and you should automatically be sent a link in the email you provided.

Slack limits a team’s ability to send more invitations if a large number have been sent, but not enough have been accepted. They do this to protect people from spam and unsolicited invites. To solve this problem, we’ve generated our own shared invites. You can send the below link to the people you’d like to invite to PoSWallet slack so they can create accounts and join.



https://join.slack.com/t/poswallet/shared_invite/enQtMjYyODc4NzkzMjA2LWJlMzdkNmYzNzRlNzZlMThkOTczNjdhNTRlYzM4YzBiOGVmMzg1MmU1OTMxYzJkMjNhMTNhMGY1ZmU0MGE2YmQ



These invites are good for up to 1,000 users and for 30 days. We will generate subsequent links once they expire.

the above comment was posted in their slack

anyone has POSW on LEDGER BLUE? Not able to move any coins!!! sending failed. error occured. no response of ledger nor posw.
how many people has the same problem??

Mine is Ledger Nano S and its working properly. Try to ask Ledger support for help.

Has there been any clarification of this ?

Not yet. will be announced in a few days

Thanks for your information. But i enter the mail but no email automatically sent. I dont know why ???
hix

i can move all coins out of my ledger blue but POSW coins not possible always says sending failed. error ocurred.
Ledger support didnt answer for weeeeeeeeeeks. thats a complete joke. posw is not answering aswell but ledger should
be at least be able to answer my email or tweets or anything.

on reddit some people has this issue with the litecoin wallet. i dont know whats the problem buts a decent amount of coins
and this company is a hardware wallet manufacterer. wtf.

is someone here who know sth maybe ? btw no noob shit here i installed the bitcoin ledger application on my device and the one on my pc
new so all updates are done. all other coins are moved out just this one sending failed. error ocurred. try again later. for weeks now...

Strange indeed, it sounds like a problem with ledger (obvious comment)
I imagine the team can contact ledger about it, but it would wind up being ledger needing to fix it.


Side note; tPoS is functioning properly on the test net --

https://mobile.twitter.com/POSWallet/status/925121139042607105

Ultra low key ^
Tpos = using someones public key to stake for them without the coins ever leaving the "lender" (of sorts) wallet.  A percentage can automatically be paid out to the host to make it worthwhile for them.

yes i've a same problem too mate

Do you have pre-ICO? 

The coins already released and functioning the ico price was 100 sats last year, this is just a rebirth to the ann thread because the other one was locked due to intense fudding.
It was also a viable way to show the new technical features of the coin as well as what it hopes to achieve.

Community manager update:
"Dividends for the month of October will be sent out to all internal wallets on poswallet.com later today."

posw ledger nano s app is broken

I added POSW to the Cheddur app (https://www.cheddur.com/). This will allow new users to learn about POSW and join the community. Cheddur allows you to link wallets, exchanges, and other services that support POSW so that new users can easily get started. Can others from the community please review the profile for quality and help me add supported services?  ;D

Screenshots of coin overview screen:

https://i.imgur.com/Oz2cJE4.png

https://i.imgur.com/FDMJRL8.png

Screenshot of coin details screen:

https://i.imgur.com/fYnEQvk.png

PoSW admin has contacted Ledger for fixing the Ledger Blue problem

That is great.
Thank you.

From Twitter: "Successfully hard forked PoSW testnet to accommodate new TPoS blocks. All features now intact. Will now optimize UX & ensure stability"

Edit: that new dev team is killing it man.

hii posw teem

when is the new announcement?

they have written this when login to posw.

There will be maintenance on 11/11-11/12 for 3-4 hours throughout the weekend. We will be deploying the final updates to the codebase and the new website design.


after this i think it was supposed to make it public to test before final release.

Hi,
Please update slack invite links, thanks

We are excited to release our first of many poswallet merchandise sale! If you would like to buy your very own posw shirt here is the link to  purchase it: https://teespring.com/posw-merchandise-november-2017#pid=46&cid=2742&sid=front Also with this, anyone who posts a picture on a social media page wearing the shirt and tags @poswallet will receive 100 posw as a bounty!

Most of the rewards go to the owner. There would be an option on the wallet to choose the % which will be given to the merchant.

New Slack update!

@Shahab:

"We are delighted to announce latest updates about POSW wallet and poswallet.com new layout:
- Continued development of the POSW wallet code. The first TPoS blocks have been generated and are undergoing testing now.
- Updated site layout to provide a better user experience.
- The POSW marketplace (buy and sell goods using POSW only). This is our next big focus with a target release before Christmas. There will be POSW related items for sale as well as user-created auctions.
- Merchants page.
- poswallet.com integration with the new wallet via an API.

Some small changes you may notice with the new layout and codebase updates:
- The layout is more streamlined.
- Some support tickets did not transfer over well. we are working on this. If you had an open support ticket that has disappeared, please open a new ticket.
- Membership perks have changed slightly (for the better).

If you find a bug, please submit a support ticket. The first person to submit a bug gets a POSW bug bounty! We also look forward to any suggestions you have on future development.

We are aware of the menu display bug on some mobile phones and are working on a fix."

Cool thansk for the update .. this seems interesting:

- The POSW marketplace (buy and sell goods using POSW only). This is our next big focus with a target release before Christmas. There will be POSW related items for sale as well as user-created auctions.

What auctions are we able to make? Sell anything like on eBay?

please focus on masternodes, trustless staking, poswallet.com masternode hosting.

no need for a marketplace

exactly focus on on tpos and masternodes. all other things such as marketplace can come when the technology behind is ready'

I bought 10000 pieces

I expect the price to rise

The Dev working on the market place is separate from the development of TPoS and masternodes, so they are not pulling focus away from the main tech. Everything is groovy, don't worry.

U can join slack, discord and telegram to get latest announcements and updates.

Due to new policy of slack team, slack invitation link can't be shared publicly. U can join posw telegram or discord first and then invitation link will be sent to in private. U also can leave ur email address here and it will be emailed to u.

Why can't I buy a t-shirt for PosW?

From what I've gathered, its pretty close to being released ;) the tech that is.

Greetings all! We have been asked by members in our community to give our opinion on how PoSW’s ‘Flash TX’ feature differs from bitcoins ‘Lighting Network’ in terms of scalability. One of our team members @John-Draper decided to address this for us and has written a blog post on the topic. Enjoy the article and let us know your thoughts. https://medium.com/@john_draper/how-posw-flash-tx-differs-from-other-scalability-solutions-such-as-lighting-network-and-segwit-6732e59f04f6

I think that was very well explained and shows how an average person can save both time and money using flash  tx compared to the lightning network.

i bought some posw.. it can just be a matter of time till it will reach 1$....

But in poswallet there is only posw for stacking ? I don't see any other coin

Is the basic (free) staking in POSWallet 1% per year or 1% per month? I think 1% per year is not worth the troubles.

But where are the other coins in PoSWallet ? i see only posw

I'm a bit confused by this. Will the http://poswallet.com staking wallet only be used for staking PoSW and not anything else anymore? Cause I see a huge need for this service with Ethereum upgrading to Casper (PoS) soon

The team is working.  There will be other coins and everything else, but everything will be then without preliminary dates.

But with the Elite membership the 8% stake rate it's payed monthly or annually ?

Technically daily, monthly and annually.

However it's an 8% increase yearly.

They'll be added back in the future, right now they're trying to create a "use" for their coin which means developing the tech to say it is useful.

hope they do not get cucked by another project .. just release staking for all coins again and update your own coin beside :/

but if the 8% it's annually how can i paid the 1500 posw monthly subscription ?? It's not very clear.
If i buy for example 100.000 posw, with 8% are 8000 posw annually...if i have to pay the 1500 monthly subscription are 18.000 total for 12 month.

Thats correct.

Its only beneficial for those that hold alot more than 100k (at that tier membership that is)

The second installment of “PoSW Weekly” is out. In it we discuss some some key effects our new TPoS feature will have in the crypto realm. Give it a read and let us know your thoughts https://medium.com/poswallet-weekly/why-posw-will-absorb-the-deepest-pockets-of-global-capital-d64a51eab20f (https://medium.com/poswallet-weekly/why-posw-will-absorb-the-deepest-pockets-of-global-capital-d64a51eab20f)

to have a ROI with posw you must have 250k at least, it's not possible, probably i'm missing something

Finally we have some movement in POSW. Never been desperate but it's nice to see it green.

Well posw actually have 1% automatically as well as monthly dividends, you could also do a term deposit and earn 1% per month.

But yes the membership cost benefit isn't great.

I mean I could take 500k posw, spend 18k - have 482k and receive (1% + 8%) giving a total of 9% or 43,380 without the dividends on top of that.
So 43,380-18,000 = 25,380 profit.

have dev released how many coins are required for an MN? Do we have a discord channel?

The coins amount per masternode is tightened to 10k-25k range.

Invite link to posw discord
https://discord.gg/cyF5yCA

Telegram:
https://t.me/joinchat/BdGxxw-s3b4_DdBdbChI4g

Slack: https://join.slack.com/t/poswallet/shared_invite/enQtMjcwMjE1NDAzODczLTMzOGI3NmU3NmQ1MjE4N2Y4ZjJjYjEzZDBiMjBjODc1NTM0NGYwNDhiNjdlYjUzNGYyZmIyYTk4MTljOTIzMzI

When any good news for token holders?

We will release testnet very soon. Bounty programs will be onwards

Testnet will be released to participants very soon

testnet is alive and the first tpos block have been found/made. this is really great news.

Poswallet swap ?

great new, the testnet already released.
if someone would like to test the new wallet and see all the features running, just get to slack send PM to one of the team.
Tpos will be a huge thing on the crypto world.

So MN's will be 20k or 25k POSW?  ???

And about MN's, will be there a turorial or something about it?

Testnet is released to public now. We'll figure out swap details very soon. It will probably happen on Jan 2018

Coins amount per MN isn't determined yet. Will be announced before swap.
There will be tutorials and guides for MN and TPoS setup

Is Raides Rodriguez still on POSW team? I'm confused now because he also the lead dev of Obsidian  ???

Yes, he is with the team as a tech advisor!

good project
open plan ico selling dev
and any bounty or airdrop...

When will the amount of coins needed to run a MN be released? I'm keen to host one or two.

There is no fixed date as of now, but closer to the swap the information will surely be available.

POsw is hard undervalued

It was an ico a long time ago, now its open trade.

yeah I really like this project been following them since the big jump last march. if history of other altcoin trends show anything this is the time most people wish they got into accumulating the coin. they are active and I love the new website. I'm holding on for the long I can see this project doing very well.

I don't know how this project can compete MinexBank/Coin?
They give right now interest of:

0.29% daily
4.9% weekly
10.8% monthly
70% yearly

1 MNX = $39.86 USD

You can start as low as 1 MNX.

...or I'm missing something?

1. How it's 4.9% weekly and 10.8% monthly? and 10.8% monthly and 70% yearly? The math doesn't work.
2. Why would anyone compare MNX with PoSW? They are totally 2 different projects with different purposes. We have our own services in poswallet.com and our own unique features for PoSW coin.

1. Well, if you read the MNX white paper then you will know how.
2. I've said "compete" not "compare".

Been awhile since I checked this thread.  Glad I did.

Looks like things are progressing very well as far as development updates.  I appreciate the weekly updates that go out over Social Media as well.

https://twitter.com/POSWallet/status/937393734693609472

The first TPoS block on testnet too!  Keep it up and every one here will be very happy soon enough.

i read the wp and dont see how a mineable proof-of-work coin with algorithms to stabalize the price (yeah advertising that you will defeat the market seems a little too planned-economy for me) is a competitor for posw in any other way as being another cryptocoin.

but  the main difference gets annoyingly obvious by the concept of the whitepapers. posw wants to develop new technologies and be an integral part of the crypto-ecosystem with tpos, their point is to develop great tech first.
mnx is about economical theories and how they think they can manipulate a market, but i dont see anything special technologywise. and i doubt that they will be able to defeat the market, but if they do, goodbye capitalism (but even the soviet union or china weren't talking 33,6% annual growth rate)

Maybe a 3rd World Country dominated by a Super Power may have 33% annual growth rate. Let's stay away from Minex :)

When the coin swap starts, what about the coins in term deposits? :)

good time to pick up more  ;)

Yep. Just loaded up on a bunch.  Current value is crazy low for what they are trying to achieve.

No worries here.  I'm willing to wait this one out a bit, and see what the team can come up with. 

Anyway to recover my coins off the old POSW wallet. Its not connections to the network where I can send to new wallet

Try to open it with administrator rights, if it doesnt work try using backwards compability, tell me how it went.

I want to get into posw, just to test it.
I download windows wallet but it dont sync, is there any conf?

We are in a public testnet phase rn, making sure all new features will be working properly. Wait for an ANN about Coinswap soon.
Coins in term deposit are fine for now. After swap there would be any cancelation fee for canceling TD

What do u mean by "new wallet"? There is no new wallet yet. Only a test wallet has been released which u shouldn't send any real posw coin to it.

Leave it for a few hours. It will find active nodes automatically.

https://twitter.com/MrBatesK408/status/940468225703165954?s=17

I can confirm, is doing great after a time

I have question because is dont know number coins to make Masternode so if I buy more than requires what happen with this not needed coins ?
I mean if I have some more my Masternode will work better than others who make it with minimal number coin requirements? Or will be the same even if I have 10k or 15k coins more ?

Awesome to see the progress

how to setup masternode , how much coins needed by masternode , i just want to invest one ,glad to be part of this project.

Masternode is not currently live - when activated soon, devs are looking at around 25,000 posw / mn.. (this is approximate level)

Price is rising fast on Cryptopia - would advise you purchase fast before it reaches $1/posw. All time high price is x10 from current levels (/btc) ..

Hey guys please vote here for POSW to get added on altcoin.io!

Here is the vote link :)
https://feedback.altcoinexchange.com/suggestions/2773/please-add-posw-coin

and comment here with $POSW also :)
https://twitter.com/PalmExchange/status/931855582289592320

so im a bit confused about this coin do we get stake rewards from the regular windows wallet or have to sign up for a online wallet?

You can do either. If you want to download the wallet and run it on your computer you can stake your coins that way, or you can deposit your coins onto poswallet.com and your coins will be staked for you without having to download the wallet

Either more profit for a casual user if they use the website
Slightly less staking rewards, but you get dividends.

All Masternodes will receive equal rewards. If u buy more than required amount u will receive staking rewards for that extra coins

The range is 10k-25k, most likely 20k. Will have an ANN soon

is the blockchain  explorer broken? I cant see my balance, in fact it doesnt show anything. https://poswallet.com/blockChain/posw/<whatever address>

Awwwww, price has to be stable huh?

Well, it is possible.  We have seen a nice and steady rise . .

I am looking forward to developments, especially going into 2018.  I heard 25k for a MN.  Stock up while you can.  This coin has some huge potential.

I have been using the posw website to stake with no issues.  Easy for newbies and veterans alike.

And guys . . . the block explorer appears to be down.

How do the staking rewards for trustless staking work?

The rewards will be equal to the staking rewards minus a fee payed to the Merchant who stakes them for you

Where is the ann thread? Is it this one?

I have 3300 posw which i bought September and nearly forget about them. It was not that much that day but now has some value.

I checked the memberships but i couldn't understand them. It asks for 1000 posw monthly for %8 stake. Is it daily %8 or yearly?

If it is yearly are you suggest me any place i can earn some pos rewards or so with my coins?

Hey. Does anybody has the discord link?

Found it
https://twitter.com/lucasgabd/status/944658647535292416

Explorer is up and working. Its theme has been changed which will be improved in the next codebase updates

Yearly, and poswallet.com is the web wallet.

So there still is a website where people can stake their coins and trade? This is what I remember last about this coin.

Last I heard there was some changes being made but I can't find the site anywhere, just the main site with coins specs and info.

Also the distribution will be 50% MN and 50% POS? Is this correct, cant find it in the ANN...sorry if it in there, lazy today.

Thanks

So it needs to be like 500.000 posw to make a profit of it. Which is 200.000$

Are you sure it is the only way to get some stake? It looks like a joke.

That is only for the elite memberships. You can stake posw with any amount. There are other benefits of the elite membership too other than the 8% stake rate like if you get six months of elite you are qualified for a free ledger nano s.

It's been a while already that I'm not active in poswallet site. I will visit later to see how it is doing. I hope everything is running very good now with poswallet.

POSW is my first altcoin and my first love. This coin made me what I am today. It's because of this coin that my life changed to something my family happier.   :)

I don't think if i had 200.000$ worth of tokens i would care device costs 50$

How can i stake my 3500 posw? Can you tell me that?

just put them in your wallet and leave it on or you can put them in poswallet.com and they stake automatically and there you get dividends too.

Ok, i downloaded the wallet and started it but not sycnhing.

Any config data or something is out there? Checked both here and posw.io but couldn't find anything.

Actually, it's worth mentioning that this "dividend" payout is rather low.

I decided to do a POSW staking test a few months ago. With 600 POSW staking, I get 1-2 POSW monthly. Not exactly trying to get rich here, lol

For now, I'm waiting to see what happens with this project.

anyone know how many coins needed for masternodes ?
i read in the OP there is no informations about it

20-25k I think

i think it depends on the price close to the swap. but they talk about 10k-25k and most likely it gonna be 20k-25k. but lets wait and see.

What's the best way to learn more about the team that is working on this ambitious project?

The website leads with someone who is a technical adviser rather than hands on.

Are the @ IDs for Twitter? Because I cant find @Bwang22 with any followers, yet the home page list him as the senior developer. The other twitter handles (if that's what they are) don't exist either.

John Draper and Nathan Faust are other team members displayed on the home page but they look to be pseudonyms. Is that clear somewhere?

This project is of interest to me but I am struggling to do my due diligence on the team. I have enjoyed the updates on medium but want to know a lot more.

Thanks

I see that in October 'John Draper' went by the name of Esteban Pacheco so I am just trying to find out more about the team and whether they are worthy of investing in.

join their slack they are pretty active there

Thanks but Slack isn't listed under 'community' on the website https://posw.io/

They have Discord, Telegram, Twitter, Reddit, POSWeekly and Facebook.

But unless I'm missing something, they don't really help me dig deeper on the team.

I meant discord sorry

Surely they will provide you further information about the team there

Looks like a solid revival of a promising service.

The staking rate was 1%/year.  is that going to stay the same or is it going to be higher?  not the masternode rewards but the staking.  because i am also reading that light wallets will be introduced so that the desktop wallets won't have the whole blockchain copied? 

This year will be better in terms of development.  Pay attention to the road map for 2018.  https://posw.io/roadmap/

The windows wallet looks like its staking at 1%.  That's quite low. 

very low,
site wallet its also 1% but there are some dividents,

It will be raised after coin swap.

Looking forward to a very eventful 2018 from the POSW team.

Crazy, imo, how undervalued this coin really is.

A marketing push would really take this thing sky-high.

Many good things in the boxes here.
2018 will be great for Posw, Long Live the TPOS!

TPOS is a replacement for PoSW?
What will happen after the swap?

what i'd like to know is what the staking rate(s) will be.  That's never talked about anywhere publicly that i have seen.  probably because its so low.  TPOS would allow you to have your coins in  Ledger hardwallet while staking them on your computer, as an example use-case.  but i don't understand the other use-cases.  but the staking rate is set by the developers.  if the network is made of masternodes and staking wallets most people will be interested in staking rates.  which aren't explained. 

TPoS is a feauture of PoSW, after the swap you will have the same exact number of PoSW you have now, but they will traded for the ones on the chain with the new tech!

TPoS is the replacement for PoS
this technology is the future..  You will be able to put your money into a ledger and lock it away and let it stake.. offline.. without any possible risk.

Staking rate is going to be higher (According to seesaw mechanism).
And yes. The light wallet is on the 2018 roadmap.

humm..POSW Seems to have it all going on - PoS is indeed back !

"World's first Trustless Profit-Driven Economy. "

blk sizes? Times?? Emission curve.. Adaptive blocks?

Normalized shock multiplier. (So controls via votes? or Delegated as in(DBFT) algorithm)


Range proofs, zkS, Bulletproofs..
Masternodes (Centralized.....!!)
'mixer' ring sigs. / CoinJ ?
1:1 swap.
CCPoS / TPoS
Lightening..

Humm...
Deflation is the method PoSW rewards coin holders, executing this via the RSB mechanism. RSB “Revolving Stake Bonus”  will build and support a network of businesses (i.e poswallet.com) whose proceeds are sent to their respective & assigned burner addresses.

Humm..
 (to ensure maximal rewards distribution) while not having to share any spendable balance or private keys with the node owner.

..To accomplish this, we have created a multi-layered cryptographic architecture that expands the private-public key paradigm, called Triplet-Based Encryption. This three-layered model will feature a public key, which serves as a public address and stores unspent balances, a private key, which can authorize the spending of a balance stored on the public address it was used to create, and a "shared" key. The shared key is created whenever a user chooses to allow a merchant node operator to stake their funds and its sole purpose is to authorize the staking of a user's balance. It cannot spend or move the balance around; for those the private key is required. Now that a user has a new key that can be used for remote staking only and the private key no longer needs to be disclosed, the concept of trust is once again eliminated, allowing the economics of the PoSW network to prosper.

Good luck Fellas

binance  bittrex poloniex kucoin  Do you have business on the stock exchanges ????

oh baby, I am very heavily invested into this, POSW is my favourite coin,
my best long term holding.
2018 will be awesome!

soon masternodes, and TPoS, got my 25k ready and hodling!

Can someone tell me when it switches to tPos, will it still be a standard bitcoin clone QT wallet or will there be a new wallet?

its an interesting project and i own coins, but for staking i don't see anything about higher rates.  it looks to me like the staking rate will remain at 1 percent per year.  there are fees on top of that, i don't know what that would look like in the future.  but compared to other staking coins this one is not profitable.  i think nav is around 5 percent, for example.  if the staking rate is going to be higher i would think it would be in the white paper.  because it's not there, i'm assuming that its staying the same.  a whopping 1 percent. 

very soon the coinswap is here since you cant make new term deposits :)

PoSW has launched it's final contest before the coinswap will occur and PoSW will turn into StakeNet with the ticker XSN! If you would like to join the contest please join our discord channel https://discord.gg/cyF5yCA (https://discord.gg/cyF5yCA) and download the testnet wallet. To enter into the contest, you must either setup a masternode and/or try out our new revolutionary  tech - TPoS. From there simply take a screenshot of your wallet with a masternode or TPoS contract and submit it into the contest section on poswallet.com. https://poswallet.com/contest/ (https://poswallet.com/contest/) We have guides on how to do both of these in the following languages: English, Russian, German, Spanish, Turkish, Chinese, Japanese, and French. If anyone has any issues with setting up a masternode or trying out trustless proof of staking simply contact someone on the team on the discord channel and we will assist your needs.

Can someone tell me what the point of this coin is? I don't understand what can be done with this coin, and don't say staking and masternode because that's literally the only thing I've read about. Being able to earn pore POSW coins, but why do I want more? What problem does this coin solve?

the processing power of the masternodes and staking runs anything.  so this network can run other networks for example.  you could put a masternode from dash on here.  that's one usecase.  that's part of their business model.  if people find it convenient to use StakeNet instead of setting up their own computer then StakeNet will probably be profitable.  which will benefit coin owners because the value will rise, but also i think there are rewards as well.  

it looks like they want to plug different business models into this as time goes on.  the point of owning XSN will be gaining value.  like a lot of coins it can be used in payments as well, with all the features anyone might want for that.  but as of now the POSWasllet is the only business i know of connected to the network.  

if someone has a better answer than this then great, can't wait to hear more news.  

also, at least for me, i see StakeNet as the devs describe it in the white paper here:  adaptable.  so as time goes on and new ideas appear, and trends, StakeNet would be moving with them.  So this is going to evolve over time and we don't know what it will look like in a few years.  to me it looks a bit like a cross between banking services and data-crunching.  they were going to have a debit card but that seems to be out now.  They re talking about partnering with investment companies.  profits from any ventures like this translate into things like deflation, where a burn address is used.  XSN is the currency for the network,  and your savings account. 

uh it is close now with the coinswap. term deposits is been canceled automatically so get ready for a new adventure.

When's the new staking platform up? Q1?

You gotta earn answers...

i'd like to know more about how the staking service will work after the swap.  the pos wallet service will continue only now with new features?  or it will run the same way?  does tpos work with other coins?  what's ccpos?  i've read the medium articles but i still don't understand how these things would work with "staking as a service."   

i'd also like to know how many transactions per second the network will be able to do.

where can we find info about swap?

Probably in the Discord.

I am sure they will announce it here when it is time.

Is there any other news we should be aware of?

Please do not ignore this thread POSW Team.

wow this was a very great explanation

moon mission will start anytime  8) 8) 8) 8) 8) 8) 8)

Patiently excited! So patient I want to get my masternode count now

holding on to my pows coin just wish i had more

Is POSW still going to allow you to stake other coins through POSW (like the original vision)? Or has there been a complete pivot from this to a new currency? Thanks in advance.

The staking service will be part of the new coin.  just my opinion, its still the most important part of this coin, because it means this coin is actually connected to a profitable business. 

I totally agree with you!!!

The staking service is essential to give a real utility to the coin which is what investors are looking for..

Trying to do a bit of marketing on Steemit platform

https://steemit.com/cryptocurrency/@greensmile/ccpos-cross-chain-proof-of-stake

SMILE

Can someone please clarify:

What happens to our PoSW coins kept at Craptopia or those coins in our Windows wallet? The FAQ posted by itgfreak states, that at least the latter is no problem. Crypto Twitter states, that I have to send my coins to some shady exchange in order to not lose them. The "announcement" posted by @POSWallet on Twitter cannot be read without registering. Which is very stupid, particularly in view of the fact, that there is a Medium account maintained by the PoSW folks.

Stupid: https://twitter.com/POSWallet/status/965688274219085824
Likewise stupid: https://twitter.com/Anbessa100/status/965722605801148416

i'm not a livecoin fanboy or anything, but they've got fiat trading pairs like the usd.  its not a beautiful website, but its functional.  i'm getting tired of btc trading pairs.  i have btc fatigue generally and am sick of hearing everything referred to as "altcoins."  a btc "hodler" made that up, i'm sure.  btc is the over-valued asshole in the room today, i think.  what's the point of it outside of its role as communicator to the masses who don't understand the market.  the market sucks right now.  not in value, but in quality of products.  a lot of crap for sale.  but not with XSN.  i like the scene here.  this coin actually could survive long-term.  i'm looking forward to this year.  and to learning more about what the team's up to, and seeing them on youtube if they do some interviews.  i fell into posw after something i saw about it on youtube many months ago.  

i don't understand the coin supply though.  44.1 million plus another thirty or so million somewhere?  where?  i hope it stays far away.  because the RSB system coming up won't make much of a dent in all that.  better to start at 44.1 million and work down.  

Why is it stupid?

I hope your question is a sincere one.

It is stupid to hide the announcement and force people to register somewhere to read it. And it is stupid to force PoSW investors to move their coins somewhere to get them swapped. Ever thought about the longterm investors/bagholders who do not follow every move of the dev team? There are literally a hundred reasons to overlook this move and end up with some worthless coins. Think about it.

The swap is crucial and handling it the way the team is going to, is the cleanest and safest way

Only a few days left before the POSW coin swap, this is a long-awaited event for me, which will mark a new milestone in the development of the project. Rebranding and new opportunities will bring only benefit for us.

Are there any specific instructions for the swap? The faq does not give any. Isn't this info crucial?

Why is the price not pumping yet? Thought this was huge news.

This coin is going to rise seriously. But it's going to take time. I think it feels good.

 Oh yes against the grain here... but after 4 years of crypto posw is the brand that I absolutely trust the least. A coin that calls itself community driven but has been the pinnacle of dictatorship. They have stolen from me, they have lied to me, they have banned me and blocked me. Yes I made lots of money from trading this coin, but the administration is the worst I've ever encountered. Pure disdain for their customers/victims. Happy trading.

1.) When will masternodes become live?
March 1st, 2018

2.) Why is the swap manual and not automatic?
Having an automatic swap would make it an airdrop, meaning we are taking past blocks and building off existing wallets. From a technical standpoint, a coinswap will create possibilities of privacy, security, and a new way for the chain to operate by breaking old molds.

3.) How much for a Masternode?
15,000 XSN per.

4.) What do I need to do for the swap?
To participate in swap, you have to deposit your POSW to your Livecoin account, no additional actions are required from your side, they'll carry out the swap for you. Withdrawal of POSW will become available on March 1st and will stop May 30th.

5.) When is the swap?
March 1st - May 30th on Livecoin.net.(edited)
6.) What is the swap rate?
1:1

7.) Will the PoSWallet site be ready immediately to accept the new XSN coins for staking after swapping them on livecoin?
Yes.

8.) What's going to happen to people holding coins on cryptopia, ledger, and the posw website? Will their coins be swapped as well?
If they don’t get sent to livecoin by May 30th they will be effectively burned.

9.) If I have my coins on poswallet.com are they automatically swapped for xsn?
No, they must be sent to a Livecoin.net account.

10.) Why was Livecoin chosen as the exchange for the coinswap to be held at?
Livecoin was chosen because it allows for people to easily participate in the swap without having to give up anonymity. This allows for everyone to participate. They have past experience hosting coinswaps and have proven themselves safe and able.
11.) Will StakeNet be supported on ledger?
Yes, ledger will support XSN. We have a lifetime contract with them to support us, meaning, unless the contract is broken, the coin will be supported on their wallets.

12.) Will the new wallet add support for Mac and Linux users? Are there plans for a mobile wallet?
There will be working versions of Linux, Mac, and Windows wallets either at launch or shortly after launch. Once the desktop wallets are complete, we will focus on branching out to other potential platforms.

13.) Will POSW continue trading on exchanges until May?
Yes.

14.) After the swap, where can we keep our coins? Can we transfer our new tokens to ledger after the swap?
After the swap you will be able to store your coins at poswallet.com, the new wallet (windows, mac, linux), and ledger once they finish updating their wallets code to hold XSN.

15.) Can I run more than 1 Masternodes or TPoS contract on a computer?
We are implementing IP security protocol, so each TPoS contract and Masternode needs 1 static IP address each - to prevent centralization. In order to run more than one, you can purchase a VPS.(edited)

hi
I am buying PosW on Livecoin,how they will swap with XSN.
where do i need to store new coin?
I dont think ledger nano is supporting it.

oh i trust them to never be on time for example... with their "lies" i am still not sure, but i think they believe in their "lies" themselves (which would make them honest but with special needs). censorship is supposedly taking place in their discord as well, but did they really steal from you?

I'm planning to send my coins to Live.net.
Initially, the system was not generating a deposit address ,but I finally got an address after a ticket and several hours.
A couple of questions.
How do I know if my coins are swapped?
Is the coins trading on Live.net swapped coins?

Why coin swap????  This was one of my favorite alt coins.  I would have missed the swap but I somehow stumbled upon someone talking about it. 

This is shady as ______.

POSW seems to be doing so well. It's on many exchanges and Coinomi Wallet app. Up about 500% from where I got in at.



What about all the bag holders this sneaky snake like swap will leave?   

Now I lose all faith in this coin.  Sell sell sell   

so in your mind a simple pos coin is better than what this whitepaper describes? and that there will be a swap was publicly known for about half a year...
but if you want to put faith in a coin without bothering to read anything about it and just worry about price, there are plenty of options for you

Don't be fucking stupid. The project is a million times better now than it was, the swap was needed to enhance the tech. If you keep up to date with the coins you are invested in then there is no problem. Those that miss it will only have themselves to blame.

It's nice to see a project I'm actually interested in for once. This really seems like it has a lot of potential to become a serious competitor on the crypto market. Will surely be following and even investing into this.

Hope we will get to the point where there will be no need for trust in it's rudimentary meaning.

why do i have to swap my coins in LIVEcoin ? is their another way

From what i read on the discord channel after 21 march when the XSN website will be launched you will be able to swap your POSW coin to XSN there.
I have already swapped my coins in Livecoin.net

how does the swap process work i just have to deposit posw their and thats it, i ask because i have no account on livecoin

So do people use PowS or This new swapped coin to stake other coins or only this coin? Maybe I should read the whitepaper before asking questions. Sounds like you get money from having this coin, whats it do.. does it give value to my other coins.. or is the value only in this coin, why not buy a coin that has real world use cases and sit on that?

when will the new site be up so i can swap my posw?

approx a week after the date they gave;

quite impressive how a swap has been in the talks since september 2017 and the devs are not able to handle even one date. swap on march first? forget it. swap on the seventh - forget it, was done on the sixth; wallet will be released with swap... two days afterwards, but hey doesn't matter since the devs just dont give livecoin the ok for withdrawals...

i particularly dont like that there is no way of knowing the supply (or at least i was not able to get it through the console), when posw has a supply of about 240mill...

anyways posw/xsn team is handling their work as always - intransparent and tardy - but they seem to work

Its really easy to create account on Livecoin exchange, just a few minutes, you only need to do it and send posw to Livecoin, all coin will be swapped automatically. Or wait for the XSN website.

the first swap was OK ?

You got your XSN coins ?

Thanks for this informaiton, I just have uploaded my POWS to livecoin.net.
=> In regards to the swap. --> Will I get a notification when the coins are swapped to XSN ?

Not a lot of reply about the swap ...

Just did mine at livecoin.net, was smooth as silk.

I looked through the whole topic, but did not find something on which exchanges had already been listed this coin?

you have to join telegram. this thread in here is not maintained in a high extend right now

what is stake reward % per year now?

The swap 4 was OK.

Will there be a swap 5, due to the limit of cryptopia I could not transfer all my POSW ....

Does anyone know if you can swap from https://xsncoin.io/ (https://xsncoin.io/) yet? I could've sworn I saw a reddit post saying that was an option, but no mention of it on site that I could find...

Soon they will, they test it

there will be another swap on livecoin ?

posw is being swapped to xsn right now, so it will be gone for good soon, and hopefully the xsn-team decides to just let poswallet.com (and any of their great service-site ideas) die. poswallet.com was nothing less than a pain in the ass since about april/may 2017. and quite impressively got only worse for about a year. Or to put it in another way: roadmap items from posw, which just disappeared: eth integration, staking anything but posw, exchange, marketplace, debit card, ….
the only thing that was delivered was “poswallet2.0”, which worsened the gui, reset the verification (oh was I happy I never sent posw back there after the downgrade), and finalized the “community oriented” “profit driven” coins main site as an online staking wallet. And there is still not even a roadmap for the site. So if developed, we will get some kind of surprise egg

So if the site is good for anything, it obviously is for depleting the value of a coin, which has been developed for real [was not believing them after all their delays and questionable poswallet2.0 release] and offers trustless pos and masternodes. But that’s about it. There is no seesaw mechanism (was changed for a 45-45-10 split (stakes&masternodes 45% and 10% for the treasury), and there will be a rather “fun” challenge system, which will be used to change the requirements (ram/cpu) for masternodes as devs like (just have a look at their discord). To be fair, the reason given for that, is that with ccpos and other roadmap items mn will have to perform more complex calculations, but the communication was as posw as possible – so people learned about that after they swapped and were told there was seesaw for about half a year.  

Another fun part about xsn is, that there is a premine of 76.5m (https://github.com/X9Developers/XSN#coin-specs). There have been a few millions added at devs will, because 5m dev fund and 1.5m hardwarefund (plus 10% of all blockrewards with xsn) are just not enough… if the circulating supply was around 44.1m (cmc did not update this very often, lets say the last update was a year ago) so it should be around 1% more because of staking -> around 48mill. Dividends were paid, lets say 2m (about 0.5%) were dividends, makes 50m. Plus the funds 56.5m. So 76.5m premine minus 56.5m gives us another whopping 20m for the devs(i guess it is safe to assume that they were premining). But they get 10% of every reward (first month  around 216.000 xsn) - at least they wont have to die from starvation.

Marketing has to suffer of course, since there are no funds available to market the coin, maybe the treasury should be 90% and 5% for mn/staking. But poswweekly is back with the shortest article up until now and is just explaining, why seesaw is not used. Posweekly is back after 3months nothing and has lost its quality as well, after changing the meaning of the attribute weekly. Yeah.

Bloggers best dont write about posw/xsn because every info you give gets changed anyways. A rather adventurous reinterpretation from the q1 top 10 exchange listing (was posted in their discords announcements) also took place, since the team has decided that livecoin.net is the new exchange listing. Also the delays of this project are legendary.

The swap itself was and is being handled very amateurish and after 4 months of testnet, I was under the impression, that there will be a wallet, which has all promised functions integrated. But now we are at wallet version 1.04, still no tpos gui, which was promised for last week, and we will get v1.0.5 (maybe with tpos gui?) soon presumably. Updating the wallet every other week just shows, that the testnet was not used for developing, but as a time waster for the community.

PoSW Coin Community Announcement: Vote for POSW to be listed on CryptalDash.com Exchange.

PoSW Coin has been featured in the New Coin Listing Competition, this is your chance to grow the market cap and liquidity pool of PoSW Coin.

Support your coin by voting now, voting ends in 8 days. (PoSW Coin is currently in last place with 0 votes)
https://www.cryptaldash.com/new-coin-listing

pretty sure noone will vote to get a coin added, that is being swapped away at the moment. but keep this information going. so we know how much this exchange - and you - bother about checking/researching coins

What about xsn directly for sale for usd on stakenet.io along with the staking services? 

This thread will be closing as the PoSW team is transitioning into XSN. The new XSN thread can be found here: https://bitcointalk.org/index.php?topic=3213013.new#new