Patience! If I can fake it, you can too.

Probably not worth it then. Got that out of my system

presstab, I have a thought. I don't know if it's desirable, or even feasible, but it's been swimming in my head all day, so y'all are stuck with it

Would it make things work better to put a 1 day maturity in for say 30 days? Same interest rate, just faster maturity to get the block chain rolling. I'm not even close to good enough at code to know if this is doable or worthwhile, but there it is.

It's only the tenth. Make sure your wallet is unlocked and open, and wait. It will come. 30 days is not exact. The amount of stake will be correct for the time it actually takes to stake.

I am a student of the dismal science. Particularly, the Austrian school.

Warren Buffet is correct. Bitcoin has no intrinsic value.

Neither does any alternate currency. Neither do any fiat currencies, Gold, Silver, Platinum, Ruby, Diamond...
There is no such thing as intrinsic  value. A thing is valuable because a person assigns a value to it. ALL value systems are artifice.

Now, there are certain things that are true and not necessarily relevant. Does Gold have an intrinsic value? No, it does not. Does it function well as a transactional instrument due to certain qualities that make it desirable? YES.

Now, does Bitcoin satisfy those needs as well as or to a roughly equivalent degree? At this time in history, I would have to say yes, it does. However, at the moment it does NOT satisfy those needs as well as the fiat/credit system.

Don't get me wrong. I am strongly in favor of bitcoin and similar currencies. I think it's probably the best solution to the problems associated with long distance commerce, as it has the absolute fungibility of precious metals, without the headache of physical storage, armed guards, etc. It doesn't have the faults of a fiat currency, either. No central issuing authority, no inflation beyond it's intial minting, etc. Some coins reintroduce some of those variables, and in interesting possibly gainful ways. For instance, SHA is minted by holding a stake. As are several other popular coins. This is inflationary, but possibly not to a detrimental extent.

But all of this gives way before the biggest fundamental flaw of most if not all cryptocurrencies, INCLUDING bitcoin. They are not generally accepted as currency, therefore they are traded amongst a rather small group of people. This means that they have little utility at the moment. This, I think, needs addressed above all other things. The crypto that you can take to the corner market is the crypto that will replace fiat. While I think that will not be Bitcoin, I also think that bitcoin will continue to be a store of value for a very long time.

Every coin I hold has taken a beating since 1st July. I think we're seeing profit taking more than anything fundamental to the coin.

That being said, you are right and then some about one thing, and it's not just this coin. There is not enough merchant support. I think that is the next thing that MUST be addressed by the crypto community. BTC you can buy shit with, so all coins end up being BTC sooner or later. Not the proper situation if you are doing something more than a fun experiment. HBN is a very well devleloped coin, with active support by it's dev team and a good many outsiders. It, and a few others, need to be pushed into the real world as transactional instruments. I actually think the high staking could end up being a huge asset for that very purpose, as merchants who accept payment in a high staking PoS coin are likely able to profit beyond just the sale, and in turn can offer discounts because of it.

If HBN were accepted at, say, Starbucks, do you think there would be a constant selloff? Or would buy pressure rise? I know which way I think it would go

I told raskul to come here, and I know he's been up for a really long time today, so I'll fix that. Payout is prop, NOMP is the pool software. Tired man's typo.

A thought, yes. I'm on the wrong machine to double check it, but it may be that they are in stake and not showing because of it. Do you have coin control active?

Especially PoS coins.

presstab, that raises a question: Might I safely assume that transactions will be slow as hell until there are more stakes spread out over the network? Or will the chain generate empty blocks? I'm still figuring this PoS shit out

It's based on time, not blocks. Presstab showed me the exact line, but I forget. I think it's in this thread. If it goes to 30 days, it's eligible for stake. From there it's a matter of time. I don't know what, or if, there is a maximum maturity, but in my limited experience, it hits the threshold and you don't have to wait long. However, on small amounts, it does tend to (again in my limited experience) produce and orphan once, and then a properly confirmed stake shortly after the network rejects the orphan. (2 out of three stakes  at less than 3 tek apiece).

Maybe you're just that good!

Until just lately, I was part of the earthcoin dev team. I highly recommend the team The coin is being reevaluated, and they are working on several things to try and boost it up and make it better. I'm no longer on the team due to too many obligations, but what the hell? It's not a staking coin, so holding it pretty much means storing a wallet.dat file at this juncture. If it goes to 10 sats you make a killing at the current prices, and it was historically over 500.

Up til now, all of my stakes have been on small blocks. I can't remember the exact times, but they staked within a short period from eligibility. They were also all on the old wallet, so I didn't have the "weight" information, nor do I really understand how it works. But they staked fine, and I'm pretty sure the longest was ~34 days.

I'm a few days out from a much larger block. I'll keep y'all posted

I met presstab via TEK, where he redesigned the wallet and did some other dev work. While he's no longer in that project, I have since interacted with him a number of times. He's no scammer. Just a guy that likes to fiddle with the gears Being of the same mind, minus the skillz, I'm in because of who the dev is, more than anything to do with the coin dynamics. If he makes some money on it, more power to him. If not, well, it's still an interesting experiment.

Dismemberment???

as long as I ain't the vic, I may be in just for that comment 

who are you going to loose your patience on ? And exactly how would you do that?

LOSE, people. Loose is how your tie is. Or perhaps your grasp on reality...

</rant>

On topic. CryptoGir has a job, a family, and a life. The coin is designed to grow slowly for a LONG time. Don't be in such a hurry.

Oh, and remember: It's open source. CG Loosed it into the wild, y'all can run with it any way you feel like. Not saying he would do this, but if he did just bail, it would only hurt the coin because YOU think it will. In the end, the staking works, the blockchain is solid, and the coin is now listed on several exchanges. Don't wait for it to happen, make it happen.

cool beans.

I'm glad I didn't get too far behind. Been a rough, busy day for me. This is my fun spot at the moment.

New upload? or is this still in progress? I just finally got the 1.0 wallet installed Synched right up to where everyone else is. Claims I'm going to stake in 32 minutes, but unless you changed the stake times, that shouldn't be right. Hope it is, though

add TEK.  But touch it after it stakes to a predetermined degree (by you) and add to your others/pay bills with the profits.

That was TamB. See why I stepped aside? She's a fireball, but reluctant to take credit. She's been working on this for a while.