Hi StepsCoin, Thank you for your continued support, as most of you may be aware we have considered STEPS as one of the first 4 POS coins to be supported by our POS Cloud Minting pool launching next week. We thought we would get the info out there to see what your community thought about it, if we get a good response we run with STEPS if not we are just happy to have offered it and move forward so please don't hold back. Here is some info on how the POS Minting Pool will work.
No database, no sign up and no security risks.Staking will run on an anonymous server with no ties to any published online contentWe will manage all "Stakers" through our support ticketing system with bank level security. Each "Staker" will have a dedicated account manager regardless of Staked coin volumeWe help coins get off exchange and in turn improve the price.Here is a breakdown of fees and Staking periods that will be offered. We are finalizing our new website over the next few days and would like to get some feedback from the community. Regards Steak Cloud support  Increasing Altcoin Value Absolutely - Full support from me. This is a great idea and will compliment our Steps Safe wallet nicely. Thank you! |
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Hi AmsterdamCoin, Steak Cloud has been updated to the latest AMS branding. Thank you for your continued support, we are considering adding AMS as one of the first POS coins to be supported by our POS Cloud Minting pool launching next week. We thought we would get the info out there to see what your community thought about it. Here is some info on how the POS Minting Pool will work.
No database, no sign up and no security risks.Staking will run on an anonymous server with no ties to any published online content.We will manage all "Stakers" through our support ticketing system with bank level security.Each "Staker" will have a dedicated account manager regardless of Staked coin volume.We help coins get off exchange and in turn improve the price.Here is a breakdown of fees and Staking periods that will be offered.We are finalizing our new website over the next few days and would like to get some feedback from the community. Regards Steak Cloud support Increasing Altcoin Value I hope you are including STEPS in this service.  |
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Just received another one same thing. I should have made 500 Steps so far. this is not fair  First of all - I assume you have 7% or more of the total coin supply? Because you claim to have been entitled to 5 of the first 90 blocks of 80 STEPS reward (this is how many 80 blocks there have been up to your complaint). If you do have 7% of the total coin supply - Bad luck, there is a problem on your end; either your internet connection or your PC itself, that is causing you to be 'too slow' in submitting the staking attempt and therefore others have bet you to it. If you do not have 7% or so of the total coin supply then you are not entitled to 5 of the first 90 blocks anyway and have rightly not received them. In both cases the problem is on your end and in no way is it 'unfair'. |
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I got myself some cheap coins again today. Thought that was done, but apparently one should never underestimate the impatient and the greedy  I've put in an order for 150,000 STEPS at 1100 sat. ;-) |
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Great to see buy support building competitively above 1000. Your faith in these guys - by my judgement at least - is not misplaced.
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the main problem is:
how many people out of 100 know what a vm is or does. some would be surprised how low the number is. security is 100% done with an anti-virus software. yes even in crypto.
for such people stay safe is a good idea.
the main usage is the few days between mining/buying from escrow and having it on an exchange nowadays. so for that purpose it fits perfectly, i think.. if it is capable of staking.
sorry that i missed to answer your previous question, still busy with the development, anyway the wallet will not stake, at least not for now, that need more work and we are currently short with time, so will leave that for later, you will not be able to back up wallet.dat as for checking if service is available or there are any loses, everything will be stated in wallet. Will be easier to explain as soon as we have the service online and working The primary goal achieved with this is being able to mine coins and have them sent to a wallet to be then sent to an exchange (because as you know exchanges do not like you mining directly to them as it bogs the network down). HI-POS coins such as steps are a different bread than the mine and dump coins that this is targeted towards. This is very much a nice and easy - get in and out way to mine any coin regardless of reputability and make some quick cash selling it. Obviously you dont want to be mining a shitcoin and then see your STEPS balance reduced to 0 like some users here have had happen - this is the remedy for those who want to play with fire. |
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General idea is to we pay for using web wallet? That sounds weird. Do we own private keys there? Is there any insurance for funds held there? If not, i dont see why on earth would anyone pay to use web wallet, which is most unsecure way to store your coins btw. It would be miracle if lot of ppl pay to store their coins on web.
Thank you for your question and I can answer as follow: To use the online Steps Wallet on our website is free! The service we launched will be for new coins, as soon as a coin will launch we will compile a wallet (within 24 hours) this way you can safely mine coins and send them to our online wallet service. The easiest to explain is to give you an example, one of our community members mined LunarCoin at launch, he downloaded the wallet to his computer and it was infected with a trojan, all his coins was hacked! With this service you can send coins to the online wallet without the risk of downloading the wallet to your computer and expose yourself, once coin is listed on an exchange or you are completely sure the wallet is clean you can send the coins to your preferred wallet. Indeed with new wallets there is a risk that developers will not deliver and I will advise you to read our terms of use once Steps Stay Safe is live tonight. Dont get me wrong, i am in STEPS and i think it is good coin but this step with inventing web wallet is just too funny roflmao. Web wallets are invented long time ago and are considered as most insecure way to store your coins. I was waiting this announcement and just saw what it is, i cant stop laughing. We discussed this project with numerous community members, take note that this is for new wallets at launch, it is very high risk to download new wallets. I am sure some community members will confirm it to you, not funny if you lost all your Steps because of a new wallet with Virus. It is no laughing matter if your wallets get hacked because you downloaded a infected wallet. As pointed out before, the Lunar Wallet was clean according to Virus Total, well it was not clean and we all know what happened!!! Educating ppl to use virtual machine when install any new wallet could have great impact on security and is not to complicated to do. I am car mechanic and never had problems with viruses. It is just sad when ppl who are deep in cryptography dont care about security. Considering how awesome you are at security.....never had problems..... what's this https://bitcointalk.org/index.php?topic=1232586.msg12944018#msg12944018Sweet dreams my troll. A smackdown if ever I saw one haha |
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Here is something to help people get their heads around why STEPS is such a good investment now - rather than tomorrow.
The following figures were calculated based on the following:
- Starting supply of 100,000 coins.
- An average of 3 blocks per day will be found.
- On average each block reward last for 7 days.
- The total time for Dynamic POS from today is 5.5 Months or there abouts.
- The average price per steps is taken at a very conservative 1500 satoshi for the entire period.
Block reward Approx stake BTC value
70 1,470 0.02205
80 1,680 0.0252
90 1,890 0.02835
100 2,100 0.0315
110 2,310 0.03465
120 2,520 0.0378
130 2,730 0.04095
140 2,940 0.0441
150 3,150 0.04725
160 3,360 0.0504
170 3,570 0.05355
180 3,780 0.0567
190 3,990 0.05985
200 4,200 0.063
210 4,410 0.06615
220 4,620 0.0693
230 4,830 0.07245
240 5,040 0.0756
250 5,250 0.07875
260 5,460 0.0819
270 5,670 0.08505
280 5,880 0.0882
290 6,090 0.09135
300 6,300 0.0945
Total Steps staked if starting with 100,000 coins TODAY = ~93,240
Total value in bitcoin of those steps at 1500 sat = 1.3986 BTC
This is a LOW estimate - this is assuming the price doesn't improve and stays at 1500 sat for 5.5 months. This will obviously not be the case but take this as a worst case scenario. At worst, you will make 1.3986 BTC in 5.5 months of staking 100,000 STEPS. At best probably 10 times this figure If you waited until the end of DPOS before selling any of your stakings.
These figures also do not take account of compounding staking interest and the fact that your staked coins stake as well - typically your share of the blocks will increase over time the longer you hold, you may be up over 4 blocks or more per day in the later stages of DPOS.
I have provided this merely as an explanation for the confidence shown by myself and others in buying large amounts of this coin and holding it long term.
Good luck!
Ok so help me out. Can you explain how this works for us idiots? I have 5k ( i know its lame) steps. I have been staking (I think) for days and days. My staking number is always 0, it says my reward is coming in 9 days. Today I got 70 steps somehow. My staking number still says 0. I just don't know if I am doing this right... Ok well thanks in advance. There is no point staking with 5,000 STEPS - its sadly as simple as that. The network weight is such that you will get 1 block per week if you are lucky. You are better of just trading with any amount under 50,000. OK so I agree with you, so pretend I said 50k then. I am just trying to understand. Does the staking happen automatically if I had more etc... I may invest more but I just need some help understanding please. Yes It does. You leave your wallet open, unlocked BUT still encrypted and it will try to stake. The estimated time until next stake should only be used as a gauge of how many you can expect in a 24 hour period. For instance, with my 100,000 I 'estimate' 7-9 hours all the time (which fits into 24 hours a day roughly 3 times = 3 blocks) but on occasion I will find 2 in the space of an hour. If you bought 50,000 STEPS you would receive a little under half on my calculations. If you bought 200,000 you would receive more than double what I am receiving with 100,000. Your chance of finding more blocks increases with the number you hold and I have observed increasing returns with myself at 100,000 and other wallets around 200,000. You can see therefore why there is no better time to buy STEPS than today - for the basic principle that as a project/company etc goes on, typically their value will increase - not all the time, but provided the devs are serious (which they are) and are intent on adding value to the coin it WILL go up in value and the sooner you buy the more coins you will end up with. Good luck to those who leave it another month - There will be even fewer coins on the Sell Book and you will be extremely lucky to get your hands on any under 5,000 satoshi. |
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Here is something to help people get their heads around why STEPS is such a good investment now - rather than tomorrow.
The following figures were calculated based on the following:
- Starting supply of 100,000 coins.
- An average of 3 blocks per day will be found.
- On average each block reward last for 7 days.
- The total time for Dynamic POS from today is 5.5 Months or there abouts.
- The average price per steps is taken at a very conservative 1500 satoshi for the entire period.
Block reward Approx stake BTC value
70 1,470 0.02205
80 1,680 0.0252
90 1,890 0.02835
100 2,100 0.0315
110 2,310 0.03465
120 2,520 0.0378
130 2,730 0.04095
140 2,940 0.0441
150 3,150 0.04725
160 3,360 0.0504
170 3,570 0.05355
180 3,780 0.0567
190 3,990 0.05985
200 4,200 0.063
210 4,410 0.06615
220 4,620 0.0693
230 4,830 0.07245
240 5,040 0.0756
250 5,250 0.07875
260 5,460 0.0819
270 5,670 0.08505
280 5,880 0.0882
290 6,090 0.09135
300 6,300 0.0945
Total Steps staked if starting with 100,000 coins TODAY = ~93,240
Total value in bitcoin of those steps at 1500 sat = 1.3986 BTC
This is a LOW estimate - this is assuming the price doesn't improve and stays at 1500 sat for 5.5 months. This will obviously not be the case but take this as a worst case scenario. At worst, you will make 1.3986 BTC in 5.5 months of staking 100,000 STEPS. At best probably 10 times this figure If you waited until the end of DPOS before selling any of your stakings.
These figures also do not take account of compounding staking interest and the fact that your staked coins stake as well - typically your share of the blocks will increase over time the longer you hold, you may be up over 4 blocks or more per day in the later stages of DPOS.
I have provided this merely as an explanation for the confidence shown by myself and others in buying large amounts of this coin and holding it long term.
Good luck!
Ok so help me out. Can you explain how this works for us idiots? I have 5k ( i know its lame) steps. I have been staking (I think) for days and days. My staking number is always 0, it says my reward is coming in 9 days. Today I got 70 steps somehow. My staking number still says 0. I just don't know if I am doing this right... Ok well thanks in advance. There is no point staking with 5,000 STEPS - its sadly as simple as that. The network weight is such that you will get 1 block per week if you are lucky. You are better of just trading with any amount under 50,000. |
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Here is something to help people get their heads around why STEPS is such a good investment now - rather than tomorrow.
The following figures were calculated based on the following:
- Starting supply of 100,000 coins.
- An average of 3 blocks per day will be found.
- On average each block reward last for 7 days.
- The total time for Dynamic POS from today is 5.5 Months or there abouts.
- The average price per steps is taken at a very conservative 1500 satoshi for the entire period.
Block reward Approx stake BTC value
70 1,470 0.02205
80 1,680 0.0252
90 1,890 0.02835
100 2,100 0.0315
110 2,310 0.03465
120 2,520 0.0378
130 2,730 0.04095
140 2,940 0.0441
150 3,150 0.04725
160 3,360 0.0504
170 3,570 0.05355
180 3,780 0.0567
190 3,990 0.05985
200 4,200 0.063
210 4,410 0.06615
220 4,620 0.0693
230 4,830 0.07245
240 5,040 0.0756
250 5,250 0.07875
260 5,460 0.0819
270 5,670 0.08505
280 5,880 0.0882
290 6,090 0.09135
300 6,300 0.0945
Total Steps staked if starting with 100,000 coins TODAY = ~93,240
Total value in bitcoin of those steps at 1500 sat = 1.3986 BTC
This is a LOW estimate - this is assuming the price doesn't improve and stays at 1500 sat for 5.5 months. This will obviously not be the case but take this as a worst case scenario. At worst, you will make 1.3986 BTC in 5.5 months of staking 100,000 STEPS. At best probably 10 times this figure If you waited until the end of DPOS before selling any of your stakings.
These figures also do not take account of compounding staking interest and the fact that your staked coins stake as well - typically your share of the blocks will increase over time the longer you hold, you may be up over 4 blocks or more per day in the later stages of DPOS.
I have provided this merely as an explanation for the confidence shown by myself and others in buying large amounts of this coin and holding it long term.
Good luck!
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Well, I'm not exactly sure what you're asking. If you're asking how many coins will be minted after block 60100 it can't be answered because to name a fixed amount of coins would require a set date or block number marking the end of the development of the coin. Since this is a long term project there are no plans for such an end date and therefore the answer would be an unknown number of coins between a lot and infinite.
If you're asking how many coins the PoS mints during the stepped phase ending with block 60100 the answer is already in the ANN. About 9.3 million coins, or roughly doubling the amount of coins put into circulation by the ICO.
I would add to that that the inflation level considered desirable for all stable western economies tends to be around 3%. 1% inflation for this coin after POS ends is actually on the low side (but not bad by anymeans). Growth will still occur provided the price is high enough to make .3 STEPS or whatever sum you receive for staking at this time worth while. As the developers have said - a service that will be VERY desirable will accept payment in Steps and burn a portion of that or all of depending on the creators. With this in mind it will likely result in much less than 1% more Steps being minted each year, may even burn more than we mint! |
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Great to see some strong buys and buy support building on STEPS! Once I am done trading ETH on Polo I will place a buy wall at 1000 sat to prevent the price ever dropping below it again. Fair warning for those who wanted to collect ETH below that point - your window of opportunity is limited. I am going to do this provide some stability for STEPS and enable stakers to be confident in holding long term. Locking in a price of 1000 sat minimum will mean that each block will be worth at least $.25c, increasing each week.
I hope everyone has a great day - and remember, buy and HOLD.
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Hope you are all ready, in the next 48 hours we will take another step on our secret stairway!
Steps Stay Safe will launch, more detail will follow near launch!!!
You guys are doing one hell of a job. Got some buy orders filled during the day, seems people are not parting with such large quantities any longer. Maybe they are learning.... There were a number who bought over 1 Million in the ICO. Most if not all of these guys are now out - as it should be. |
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Great to see everything running smoothly! Equally great to see 4 freshly minted 70 STEPS blocks in my wallet today.
Every week demand for steps will increase as people see the benefit in purchasing sooner rather than later.
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Another dump - another 140,000 coins redistributed.
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Well he did have a bigger share than everyone else so he would have naturally found more blocks. Everyone is entitled to sell their coins, it's an open market Something stinks... Grrrrr just woke up and saw this dump, I bought some more. What amazes me is that Steps have a stable price for weeks, why dump at once if you had chance to slowly sell some of your stash? Exactly. That's why it stinks. This guy sold 125,000 at 790 sat when people were happily paying up to 2990 sat a few hours ago. |
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Well he did have a bigger share than everyone else so he would have naturally found more blocks. Everyone is entitled to sell their coins, it's an open market Something stinks... what do you mean? I mean this is the third dump of several hundred thousand coins in as many weeks. Either someone has millions and millions of these things and has deliberately spread them over many wallets so as not to scare peopel off, or the top holder just suddenly decides to sell everything 3 times in 3 weeks. |
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Well he did have a bigger share than everyone else so he would have naturally found more blocks. Everyone is entitled to sell their coins, it's an open market Something stinks... |
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... and someone just dumped 260k wtf  edit I guess I was wrong about dumps, some big holders still want out at current levels and it seems BTC rise made their decision quicker. This is disgusting - 125,000 sold at 790 - how the hell are we supposed to go up when some dude just got 125,000 for next to nothing. |
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