It's an online wallet staking service for Proof of Stake coins. Basically, you open an account with them and store your PoS coins on their wallet if it supports your coin. They're supposed to just use all your coins for staking, and they share the new coins mined with you. In short, you don't have to open your own wallet and stake, you just let POSWallet site do it for you.

Tell you all what, when we stop quoting crypto value in fiat and fiat all over the world start quoting their respective values against bitcoin, then maybe we can think about this question. When people ask if USD price is 0.000001 BTC and every market starts doing their spreads in satoshi, yeah, then we're on our way!

Great idea, and if you look at many countries which supply workers to the developing world, so much money is being sent home via remittance. It is Philippine's single largest contributor to income as well, and a large percentage of GDP. But changing fiat to bitcoin and for the families back home to change it back to fiat would mean they already lose out at least 5% of their income - and then how do you avoid tax on currency exchange?

Perhaps the way to go is to encourage employers to pay wages in bitcoin.

Hello everyone.

I'm posting to inform that I applied for one of the positions and, following a very good Skype call with OP/President/Lead, have formally joined the nascent foundation (shall I just say DFF from now?) team as PR Lead / Editor - Non-Profit SME.

This is only a personal update to introduce myself to the members of this forum with interest in the goals of DFF and to give an idea about what I'll bring to the team. By way of caution, what I post should not yet be taken as definitive information about the Foundation nor its directions as that should wait for a proper ANN thread. However, I hope that my profile will help you see more of what DFF hopes to become.


Professional Background
- More than a decade working with international aid organisations in post-conflict, disaster response and recovery in the Global South. Some of my most challenging projects were the 2004 Asian Tsunami (Indonesia, Sri Lanka, Maldives and Bangladesh), major earthquakes (2006 Pakistan and 2009 Indonesia), the "superfloods" of 2010 in Pakistan and most recently a cholera outbreak amidst civil war in South Sudan (2015/16).
- I am an accountability specialist (within project management) and most of my field work focuses on monitoring and evaluation of community-driven projects in the areas of water and sanitation, shelter and livelihoods. I am also involved in proposal and grant management for these projects, on one end negotiating with high-level donors and governments and on the other, training impoverished communities to implement activities.
- I was a journalist and news bureau chief for two years in Brunei, one of the most media-restricted countries in the world.
- I am currently pursuing an MA in Refugee Protection and Forced Migration.

What I see my role as within DFF
To be perfectly honest, my personal technical knowledge of the crypto world is limited - I have owned and known of crypto for only as long as my forum account has existed (today, just over six months). That been said, I can offer my real-world experience and perspective of non-profit work on the ground, where needs are the most urgent and funding is becoming increasingly difficult.

As OP has posted, our community faces a credibility issue as perceived by the masses. We lack the representation and positive PR that, unfortunately, is necessary for us to be taken seriously.

To start with, I hope to assist with DFF's formation in terms of focused publicity: getting the right messages out to targeted audiences. It may be that my nominal technical know-how of crypto will be a blessing in disguise - our messages must be clear in content, technically sound, yet simple enough to effectively get our desired responses.

As OP stated: DFF will not be a DAPP nor an ICO, but it will face the same challenges of any new project launching. How will it maintain momentum and interest? How will it manage expectations? I hope to assist with those non-technical parts of DFF.


That's all from me for now. Cheers!

I voted, fully confident I'd be voting for the most-chosen result. And I was wrong. I suppose one should congratulate you for making your point so well, if I can assume your arguments led to the swing in votes.

I am a new crypto user and do hold several alts, but only in negligible amounts. The bulk of my coin is still BTC and always will be, if for no other reason except that it is the most recognised.

Hi achow, always respect your answers and insight. If a number of contributors not listed also help decide what goes into Core, how is it that the Hong Kong agreement resulted in a "proposal" by contributors? Does this mean that contributors may have an avenue for opening ideas but a higher layer still calls the shots?

Where is there documentation on the leadership/direction of "Core". I (think I) understand that decentralisation means just that there is no such thing, but to my uninitiated mind, it seems more a (non-deliberate) lack of transparency rather than decentralisation.

Who got to choose who became "Core"? Were they self-appointed?

P.S. This thread has really picked up in the last week and that's been really good for learning for most people like myself.

That's interesting... although with the blocks taking four to five times as long to find, perhaps it will need a bit of time before it can overtake core as the one with the longest chain. Also, I predict a lot of people who had held off getting into mining will jump in to fill the void left by BU jumping ship... so perhaps hashpower will only be a temporary issue for core.

Hey there, I'm a fellow investor at CGN with my own thread in this same forum section, and the good thing about this site is that it doesn't matter how much you invest (other than that you have to meet the minimum and for BTC that's 0.01). You'll still earn the same percentage as all investors. This means that had you invested BTC at the exact same time as Twistedx2, your deposit would have grown 8.64% to date, just like his.

Apart from the obvious, reading posts and whatever information you can get your hands on, here's a really useful tip on these forums: look at the Technical Discussion thread and pay attention to users who are Staff Members or Hero/Legendary. Click on their profiles, see their last posts. It's not all relevant or important but in general, they'll point you to threads with very good information and are usually well-written which are otherwise buried in all the junk.

No worries OP if you're late, we know life is busy for everyone, as long as we keep coming back to our lovely chicks and stakin' em! At least these days I always see more than 5 connected to the network.

Updated voting count:

1. Tradesatoshi: #104, #107 and #113
2. Poswallet: #113 and #122

Greetings, paybis. Just checked the updated Google spreadsheet and seems that all is in order. Thank you!

Don't worry about tx fees for the time being, I'm not concerned even if the tx takes several days to pull through, if you think you will save on fees that way.

Do we have to post every week here to say if we will continue? I'm definitely keeping the signature until I notify otherwise:)

Just realised that you can now vote on POSWallet every 24 hours, so looks like we'll get that coin listed a lot faster.

Vote update on tradesatoshi: #104 and #107
Vote update on POSW: #113

Keep 'em chicks comin' people.

The CGN investment portfolio performance for Week 1 ending 20 March 2017 (around 08:00 GMT) are shared as below:


Overall profits observed for BTC and DOGE, unfortunately a small loss for GRC. Divest fees have also reduced slightly as investments complete their first week.

Crypto value across the board has dropped between 10 to 20 per cent, owing to BTC's battering this week. The GRC loss, however, is offset by its price, which remained steady.

I wouldn't say "dropping like a stone" but I suppose it's quite a sobering drop after months of enjoying above $1000 prices. I can still recall my own surprise when BTC refused to return to the 800-900 price it had been trying to break for weeks. Have always been expecting the correction.

To be objective, the 15% decline is really a mark of resilience in the face of all the negative events this month. I'm a holder and if the downtrend continues, it'll just be one of the rare times to buy more BTC for most of us.

Guys, voting at tradesatoshi is open again (in fact I missed it by over a day). Glad for any opportunity to breathe more life into this funny coin (not that it's dead, the staking on wallet is working fine).

Added my vote #104. Will be adding a new one to POSWallet when my 7-day wait resets tomorrow.

The OP has also responded to my PMs and I want to apologise for not returning with my own feedback - I promise to do so tomorrow, Monday, as I normally have limited access on weekends. It definitely seems more thoroughly thought out than what it might seem from the first post and that itself is a good sign.

So, anyone with serious queries - PM will bring you joy.

Hi there. I have a running interest in projects such as these and will be quite happy to have a talk with you - but only if you're able to share just a little more depth on the foundation. Is there any chance you could share a synopsis or front row excerpts from the whitepaper? Sent you a PM as well.

Sorry for the really late reply: been a bit caught up. Yes, staking with win wallet, and only perhaps 50 hours a week in total max. More like 30 hours a week (6 per day, really on average). I haven't made a lot staking at all, but I suppose for doing nothing, it's still good returns if you have a sizeable amount to stake!

For some strange reason, always thrills me to see people talk about DOGE the way they do. I do have coins in a handful of alts, but none of them are more than even $10 in value (I did have a full ETH a while ago but converted it to BTC) except for my faithful DOGE. The value's more or less stayed the same over the last 6 months, since I keep topping it up. Shibe forever, they say.

Don't know a free service: mellowads is pretty low in terms converting traffic, in my experience, but their free service can get you good exposure (provided your service and ad are pretty unique). It's a simple faucet-style daily claim, a click a day is enough for a free day's worth of network campaign.