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[You know, YOU can PM him. He is good about getting back to people.
I wrote to him immediately. He does not answer. I do not understand why. Perhaps he has a life! Is Tekcoin a ball and chain? I don't understand why people think that he should be their beck and call all the time. To address him publicly in such a negative way is disrespectful. I'm sure he'll attend to business in his own good time, like he has done throughout the history of this coin. Over the years, he has successfully maintained Tekcoin using his own resources. He regularly posts here and replies to PMs, so give him a chance. |
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Ever heard of a wallet not staking? 32+ days, I unlocked to stake, and nothing. Usually it stakes right a way. I tried re-starting the wallet. Nothing. (of course I let it sync before unlocking.) Ideas?
Yes, I've heard of a wallet not staking after 32+ days. Successful staking depends upon: the amount of coins being staked in a batch; the weight of those coins; the difficulty at the time; and the length of time you keep your wallet open for staking. For medium-sized amounts, I sometimes leave them for at least a couple of days above the 30 maturation period before opening my wallet to stake at what I consider to be the most appropriate time. I should imagine, that generally, smaller amounts would take longer than 32 days to mint. If the difficulty is high it can sometimes take hours, before even a very large amount successfully mints. Looking at the latest successful hash at block 1285914, 0efafe16eae1127316e0a33bd68f95d19d09d61c6053f98744c8dd0c3244a77b, shows that it took 35.35 days to mint a batch of 3.15 Tek. At the moment, the difficulty in minting is low. Lots of similar examples are occuring all the time. |
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Loving the 40% stake so far.
I've been noticing my blocks keep splitting, is there a way to disable that? This makes microstaking inevitable. And the hard fork coming soon should auto combine blocks, or at least stop splitting blocks by default.
i have 56k coin in my wallet all in one block after month/30 days stake rate 14.99% not 40% is there problem in block size The percentage paid out is depenent upon the difficulty at the time your staked coins minted. 14.99% would suggest the the difficulty was 0.003 when your minting occured. I do take your point though. The current difficulty is 0.00006311 and if your coins had minted now, you would have received a near maximum 40% return. 14.99% is still a decent return on 30 days when compared to other POS coins. See the Opening Page for the chart showing the relation of the % rate of return to the difficulty https://bitcointalk.org/index.php?topic=320404.0Whether there a problem with block size depends upon your point of view and whether you are talking about the actual block in the Blockchain, or the 'block' of coins that you are staking. Block technically means the block in the Blockchain, although it is sometimes loosely used in describing a particular amount of coins being staked. I take it that it is the loose term for amount staked that you mean. At times there are very large numbers of small amounts crowding out larger amounts from the next block in the Blockchain. When this happens, it becomes a numbers game. This makes the difficulty higher at times. However, 56,000 Tek is a considerable size to stake and the weight accruing to that amount should eventually get through into a block and be minted before too long. Some people see large numbers of smaller amounts staking as a help to the network and a partial control on inflation; others see it as a possible security threat and/or a nuisance; and still others see it as a way to 'game' the system. Again, whether there is a problem depends upon your point of view. |
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May be TEK split into 2 blockchain?
Why do you think so? Anyway, you can check it - should be 7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13 Hash for block 1279841 seems to be OK. Mine is identical to yours: 7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13 - your line 7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13 - my line Anyone have anything different? To double-check, for Block 1279934 which came in just before 10:13pm UK time (minutes ago) I have this hash: 61cf8c69280b232d3bf695ebe8b5599be77f3b366511e6671539c02fbe61ecf2 Syncing seems to be quite smooth now. |
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Voted for Sprouts on Polionex. I like the new developments. Impressive! Keep up the good work.
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30% is a good return for 30 days, as is 12%, which is the lowest I've seen it. I think we are spoilt by High Stake Tek! The main thing is that you are guarranteed something shortly after maturation, unless your stake is abnormally small. Tekcoin staking is easy, only lately you have to be difficulty aware to maximise while the new fork comes into place. 40%, or 12%, very few coins give such a good return.  |
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Something weird has been happening to Blockchain syncing over the last couple of hours. The POS difficulty is down to 0.00006103, but the remaining blocks to sync number keeps on going up and down. Theoretically it should be possible to mint at the near maximum of 40%. The number of active nodes is now low and dropped down to one several times a few minutes ago. I've been trying to sync for several hours.
PressTab's explorer is offline, and has been so for some time. Last time I connected with it live was approximately 12 hours ago. It had been showing that POW mining input was non-existent. I did successfully mint at that time with a yield of around 33%.
I have more coins that are mature, but don't want to open staking until syncing with the Blockchain is stable. Can anyone throw light on this?
EDIT: Shortly after posting this, the syncing problem cleared up and I minted my stake almost immediately. PressTab's explorer is still offline, but I can confirm that the difficulty is still currently in the 0.00006 range, meaning that near maximum staking is possible at this time. Check before staking though.
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Cryptsy and Cryptopia are working OK. Everyone seems to be holding onto Sprouts. I had to chase the sell wall into the 200 zone on Bittrex just before they disabled the wallet. I got my coins out safely though. Let's go for a Chinese exchange.
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I have no further interest in this thread and propose to let the various posts over the last few pages stand and speak for themselves.
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I would also add that, contrary to common perception, the UK is not a democracy either, but a monarchy, which still retains a certain amount of latent power. Parliament is not as supreme as it claims to be, and I would argue that this could be a good thing. Heirarchies are a fact of life throughout the natural world. Sometimes we have to accept them and get on with it, or avoid them. They eventually take care of each other by strangling themselves with greed. The meek sometimes do inherit the earth.
Indeed. Decentralization and open source software puts control back into the hands of everyone where it should be. A true revolution. Don't like how Bitcoin is evolving? Make something better. No one can usurp control of decentralized finance as long as the internet is unconstrained. Therefore, we must work towards a decentralized internet. Is there a coin for that yet? Human beings are only human. The same person has not only a capacity for selfishness, but also a capacity for altruism. This duality also echoes throughout nature. If there was a coin, or some other panacea, then you can bet your bottom dollar that heirarchies/oligarchies will form within that sphere. We have to ask ourselves what we are trying to do with new blockchain technologies. Do we want to change the system, going into an unknown future where the worst could happen? Or, do we simply want a degree of stability in an uncertain world? Or, ... etc. etc. Blockchain technologies can be used for good, or ill. In the meantime, I wonder how Thundertoe is getting on with his planned fork! |
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Stepping on SOAP BOX,What makes the Governments think they have a right to know how much of anything you own in the Real or Virtual Worlds. There was no clause setup for their right to spy on their citizens in the original US Constitution, in fact it was the opposite. The original founders knew without privacy there can be no freedom. The Fourth Amendment (Amendment IV) to the United States Constitution is the part of the Bill of Rights that prohibits unreasonable searches and seizures and requires any warrant to be judicially sanctioned and supported by probable cause.The above amendment is being totally ignored, which should tell you the US is more dictatorship than democracy. The right to property & privacy is being ignored , Ann Rand predictions have been coming true for years. ( https://en.wikipedia.org/wiki/Atlas_Shrugged) Civil Forfeiture : http://endforfeiture.com/Stepping off Soap Box.  Small point of correction, the US is a Republic, not a democracy, but we get your point.
Major point of correction. The US WAS a republic prior to the 17th amendment to the constitution, and is now a democratically elected Oligarchy. With the abolition in all but name of the Senate, the Republic ended.
From Couldbe to Biomech (the quote facility doesn't seem to be working properly and my reply is encapsulated within Biomech's wordspace!): I would also add that, contrary to common perception, the UK is not a democracy either, but a monarchy, which still retains a certain amount of latent power. Parliament is not as supreme as it claims to be, and I would argue that this could be a good thing. Heirarchies are a fact of life throughout the natural world. Sometimes we have to accept them and get on with it, or avoid them. They eventually take care of each other by strangling themselves with greed. The meek sometimes do inherit the earth. Bitcoin and other altcoins are steadily becoming prone to centralisation. It might be viewed that some POS coins are contolled by oligarchies. I hope that this doesn't happen to Tek and HBN. I think HoboNickels is safe for now, but Tek ... well I think we're all aware of issues surrounding the control of Tek difficulty. Let's hope Thundertoe comes up with something good in the promised fork. Regarding Ayn Rand: she has actually been credited by leading developers with being an influence on the creation of the Blockchain. Fascinating how things come around. |
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I note also that Kushedout thinks this diversion is gold. I agree with him. I shall shortly deal with his last post where he avoids my main question and resorts to name calling again.
[/b]
I didn't name call, I stated a fact, you are a newbie. This is based on your registration date, Comment Count and your lack of trading and staking skills. Name calling is what you did when you called us "organ grinder" and "monkey." I thought I did answer your irrelevant questions, If not, please clarify. Just one question for you now, Kushedout: is Ratecoin staking heavily loaded in favour of a few? Yes, or no. Simple. My experience is that it is. I believe that your answer will be of interest to potential investors and I don't think the question is irrelevant. I'll come back to you later with a more comprehensive post dealing with your previous comments and any answer that you may care to give in the meantime. |
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@ sparksi Thank you for your explanation of staking. To pick up on one of your points: "With 50 000 XRA you are expected to stake once in less than three days (0.00064 * 480 / 0.8 = 0.384)". I can assure you that this didn't happen. It might be probable for one such stake to mature if you had a large number of such amounts, but not with a single amount in my experience. If I remember rightly, the probabilty indicators of my wallet showed I was over a week away from stake maturation at the three day stage. I invite genuine potential investors to try this with an individual amount of 50,000 XRA if they are of a mind to verify this. The Ratecoin major stakeholders are in pole position and seem to have reduced staking to a numbers game. This is done by carpeting with large numbers of small amounts to effectively squeeze others out. It might be viewed that this is similar to a Ddos attack, but in this case it is a significant denial of staking for ordinary investors that is taking place. Possibly mega-amounts are punched through when opportune staking windows occur, but that is supposition on my part. Nothing wrong with such shrewd practice. My main beef was that, by omission, people were not being told the full story. It seemed to me that they were being lured into buying and Kushedout's post caught me at a time when I felt very strongly about this (see my original post). Well over half of all XRA is currently contained in 10 addresses (55.92%). 91% of all XRA is in the top 50 addresses. 98.10% of all XRA in existence is in 100 addresses. That in itself poses the question: Just how many of those addresses are contained in one wallet? Take a look: http://www.presstab.pw/phpexplorer/XRA/richlist.php The pie chart explains all. The Rich List prominently includes you, Kushedout, PressTab. If you examine my addresses you will find that I had one block with a lot more than 50,000 XRA in it and it didn't mature after two weeks of staking. This admittedly wasn't continuous, but was for substantial periods every day, or two, over a period of two weeks. I had several other smaller, but not inconsiderable amounts staking at the same time. All my main addresses were in one wallet and my attempted staking occured recently in October and this month, November. I included all my addresses to show a paper trail if anyone wanted to follow it. I don't want to keep on answering quibbles, or side issues to all and sundry. My main point was to point out that the staking probability of XRA is heavily loaded in favour of the few who own millions of XRA and have crowded out the blocks with high numbers of small amounts. So, let's stick to my main point: is Ratecoin staking heavily loaded in favour of a few, and importantly were people being told about this when several of you were outlining staking strategies? I await Kushedout's answer since my comments were directed mainly at his post. It's true that short term staking is more favourable for large wallets who can have smaller blocks for staking leading to smaller weight loss when they stake. But this coin offers also option for long term staking. Maybe if you bought at 600 sat and don't have patience for 256 days then I liberate you to announce your fingers burnt.  If I analyzed your addresses correctly you had ~40 000 XRA untouced for 13 days. Are you certain that you had your wallet unlocked for POS for that whole time? During that time you should have staked. And on 10th of november you reseted all weight you had. Not sure about your balance nowadays, but it should take time now. I'd say most feasible thing would be to gather all your XRA into one big block and wait for 256 days to receive 25 % stake. That way you have huge weight on that block when it's ready for staking. If I remember rightly my wallet contained XRA on the way to 200,000. One of my addresses contained an amount in the order of 100,000, possibly more. Well over, the ~40,000 you suggest as a maximum. I had several addresses with different amounts staking. Don't pick on one that you feel comfortable with. Please don't clog up the thread with innaccuracies to obscure my point, or I will repost to make sure that you don't succeed. I don't want to stay here any longer than necessary. My comments were directed at Kushedout. He challenged my assertions. I answered him. Let the organ grinder answer, not the monkey. 44k max for one day, mostly 20k http://www.presstab.pw/phpexplorer/XRA/address.php?address=RMA9qp1TqS5kx8DJPZCbi1Sh2MzPRzZknc 21k for one day, mostly 10k http://www.presstab.pw/phpexplorer/XRA/address.php?address=RJxKtQDXm6Rui3JTKxMUExLnXJvnC64SnD 9k mostly http://www.presstab.pw/phpexplorer/XRA/address.php?address=RLXJSY8886thP86xviU96LNjxS5zTmz3s5 short term address, no chance of staking http://www.presstab.pw/phpexplorer/XRA/address.php?address=RBW9QVuNa1w12KVhzCLfCckRrLKeQBTvWYshort term address, no chance of staking http://www.presstab.pw/phpexplorer/XRA/address.php?address=RP1nC2TyfUCgcoTXptzev7AXWdrXkv6fVh 3 day staking attempt mid August after that 0 balance for long time, funds added two days ago http://www.presstab.pw/phpexplorer/XRA/address.php?address=RT3novRRxfPB4xSxCgEGvULhsiPwkek4c3 2 XRA balance mostly, funds added two days ago http://www.presstab.pw/phpexplorer/XRA/address.php?address=RBCpnGa2Sug4LZjo4w1f7NssR4Vy8mBhQr one day holding on this one There was one address twice. So three first ones had that ~40k and best chance of staking. I checked all of addresses you provided. You or someone else can double check, but this is what I got from those addresses. So I guess you didn't provide all the information or there is no more information. Status: 8726 confirmations Date: 24/10/2015 03:36 From: unknown To: RMA9qp1TqS5kx8DJPZCbi1Sh2MzPRzZknc (own address, label: A002) Credit: 21120.73134894 XRA Net amount: +21120.73134894 XRA Transaction ID: 5193df21d5600b479c230b9c6a21476dc66ac0673a31d9313955a0d104a62ab7 2)Status: 8679 confirmations Date: 24/10/2015 06:34 From: unknown To: RHJjUjyTYR4uXuEmnU2M9RrDkmdrEbVLJU (own address, label: A001) Credit: 44693.7474831 XRA Net amount: +44693.7474831 XRA Transaction ID: 293c864d0fc1104e729a99df63a2e809023d5d6b46777647aec29bdd978ebab2 3)Status: 8584 confirmations Date: 24/10/2015 11:15 From: unknown To: RJxKtQDXm6Rui3JTKxMUExLnXJvnC64SnD (own address, label: A003) Credit: 9378.33528571 XRA Net amount: +9378.33528571 XRA Transaction ID: 40b590fbb1eac31bd0964a51c74b628ff4e79986dc0a47c6fedb2ad693309893 4)Status: 8525 confirmations Date: 24/10/2015 14:42 From: unknown To: RLXJSY8886thP86xviU96LNjxS5zTmz3s5 (own address, label: A005) Credit: 1293.499 XRA Net amount: +1293.499 XRA Transaction ID: c27babf20de90d46b91aa62238aa6f3f12e0d5d1d6f896ff77dba19461355054 On 24th October 2015, these four amounts were combined into one block for staking using coin control. As you no doubt know, when you do a payment to yourself in order to combine, the address used comes out as "0", or at least it did in my case. That is the missing link you correctly presumed was possible. The Txid should confirm the transaction for you to your satisfaction.Amounts 1) +2) +3) +4) = 76,486.31310775 XRA. Here are the transaction details:
Status: 8512 confirmations Date: 24/10/2015 15:20 Debit: -76486.31310775 XRA Credit: 76486.31310775 XRA Transaction fee: -0.00001 XRA Net amount: -0.00001 XRA Transaction ID: 373de2bbfae1aa0199802165aed63e5f034f7f594669f8e77457d160c9b2b05d This amount of 76,486.31310775 XRA was unsuccessfully staked for 17 days despite accruing a weight of well over a million, and I do mean well over a million. A few days ago, I came to my conclusions about Ratecoin and on 10th November I sent that amount to Bittrex for sale. Here are the transaction details confirming the date the 76,486.31310775 XRA left my wallet:
Status: 905 confirmations Date: 10/11/2015 21:04 To: Btx RP1nC2TyfUCgcoTXptzev7AXWdrXkv6fVh Debit: -76486.31309775 XRA Transaction fee: -0.00001 XRA Net amount: -76486.31310775 XRA Transaction ID: fc88d7e6d0ee69fa281483e67c3c845846964668feb7866fd12db9052b526e18 I think these were the details that you and Kushedout were seeking. Several other substantial amounts that were also unsuuccessful in staking within a two week period were also sent to Bittrex for sale, as well as to Cryptsy and to Yobit.Your tone, which is non-confrontational, is very much appreciated. However, I do see your posts as deflecting from the main issue and my commentary on Kushedout's original post. To restate the my main assertion: Ratecoin staking is heavily loaded in favour of a few, and more importantly, people were not being told about this when several of you were outlining staking strategies in advice to potential investors. That got to me.
I note that Kushedout thinks this diversion is gold. I agree with him. I don't have the time at the moment, but I shall shortly deal with his last post where he avoids my main question and resorts to name calling again.
Thanks for your input.
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@ sparksi Thank you for your explanation of staking. To pick up on one of your points: "With 50 000 XRA you are expected to stake once in less than three days (0.00064 * 480 / 0.8 = 0.384)". I can assure you that this didn't happen. It might be probable for one such stake to mature if you had a large number of such amounts, but not with a single amount in my experience. If I remember rightly, the probabilty indicators of my wallet showed I was over a week away from stake maturation at the three day stage. I invite genuine potential investors to try this with an individual amount of 50,000 XRA if they are of a mind to verify this. The Ratecoin major stakeholders are in pole position and seem to have reduced staking to a numbers game. This is done by carpeting with large numbers of small amounts to effectively squeeze others out. It might be viewed that this is similar to a Ddos attack, but in this case it is a significant denial of staking for ordinary investors that is taking place. Possibly mega-amounts are punched through when opportune staking windows occur, but that is supposition on my part. Nothing wrong with such shrewd practice. My main beef was that, by omission, people were not being told the full story. It seemed to me that they were being lured into buying and Kushedout's post caught me at a time when I felt very strongly about this (see my original post). Well over half of all XRA is currently contained in 10 addresses (55.92%). 91% of all XRA is in the top 50 addresses. 98.10% of all XRA in existence is in 100 addresses. That in itself poses the question: Just how many of those addresses are contained in one wallet? Take a look: http://www.presstab.pw/phpexplorer/XRA/richlist.php The pie chart explains all. The Rich List prominently includes you, Kushedout, PressTab. If you examine my addresses you will find that I had one block with a lot more than 50,000 XRA in it and it didn't mature after two weeks of staking. This admittedly wasn't continuous, but was for substantial periods every day, or two, over a period of two weeks. I had several other smaller, but not inconsiderable amounts staking at the same time. All my main addresses were in one wallet and my attempted staking occured recently in October and this month, November. I included all my addresses to show a paper trail if anyone wanted to follow it. I don't want to keep on answering quibbles, or side issues to all and sundry. My main point was to point out that the staking probability of XRA is heavily loaded in favour of the few who own millions of XRA and have crowded out the blocks with high numbers of small amounts. So, let's stick to my main point: is Ratecoin staking heavily loaded in favour of a few, and importantly were people being told about this when several of you were outlining staking strategies? I await Kushedout's answer since my comments were directed mainly at his post. It's true that short term staking is more favourable for large wallets who can have smaller blocks for staking leading to smaller weight loss when they stake. But this coin offers also option for long term staking. Maybe if you bought at 600 sat and don't have patience for 256 days then I liberate you to announce your fingers burnt. If I analyzed your addresses correctly you had ~40 000 XRA untouced for 13 days. Are you certain that you had your wallet unlocked for POS for that whole time? During that time you should have staked. And on 10th of november you reseted all weight you had. Not sure about your balance nowadays, but it should take time now. I'd say most feasible thing would be to gather all your XRA into one big block and wait for 256 days to receive 25 % stake. That way you have huge weight on that block when it's ready for staking. If I remember rightly my wallet contained XRA on the way to 200,000. One of my addresses contained an amount in the order of 100,000, possibly more. Well over, the ~40,000 you suggest as a maximum. I had several addresses with different amounts staking. Don't pick on one that you feel comfortable with. Please don't clog up the thread with innaccuracies to obscure my point, or I will repost to make sure that you don't succeed. I don't want to stay here any longer than necessary. My comments were directed at Kushedout. He challenged my assertions. I answered him. Let the organ grinder answer, not the monkey. |
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@ sparksi Thank you for your explanation of staking. To pick up on one of your points: "With 50 000 XRA you are expected to stake once in less than three days (0.00064 * 480 / 0.8 = 0.384)". I can assure you that this didn't happen. It might be probable for one such stake to mature if you had a large number of such amounts, but not with a single amount in my experience. If I remember rightly, the probabilty indicators of my wallet showed I was over a week away from stake maturation at the three day stage. I invite genuine potential investors to try this with an individual amount of 50,000 XRA if they are of a mind to verify this. The Ratecoin major stakeholders are in pole position and seem to have reduced staking to a numbers game. This is done by carpeting with large numbers of small amounts to effectively squeeze others out. It might be viewed that this is similar to a Ddos attack, but in this case it is a significant denial of staking for ordinary investors that is taking place. Possibly mega-amounts are punched through when opportune staking windows occur, but that is supposition on my part. Nothing wrong with such shrewd practice. My main beef was that, by omission, people were not being told the full story. It seemed to me that they were being lured into buying and Kushedout's post caught me at a time when I felt very strongly about this (see my original post). Well over half of all XRA is currently contained in 10 addresses (55.92%). 91% of all XRA is in the top 50 addresses. 98.10% of all XRA in existence is in 100 addresses. That in itself poses the question: Just how many of those addresses are contained in one wallet? Take a look: http://www.presstab.pw/phpexplorer/XRA/richlist.php The pie chart explains all. The Rich List prominently includes you, Kushedout, PressTab. If you examine my addresses you will find that I had one block with a lot more than 50,000 XRA in it and it didn't mature after two weeks of staking. This admittedly wasn't continuous, but was for substantial periods every day, or two, over a period of two weeks. I had several other smaller, but not inconsiderable amounts staking at the same time. All my main addresses were in one wallet and my attempted staking occured recently in October and this month, November. I included all my addresses to show a paper trail if anyone wanted to follow it. I don't want to keep on answering quibbles, or side issues to all and sundry. My main point was to point out that the staking probability of XRA is heavily loaded in favour of the few who own millions of XRA and have crowded out the blocks with high numbers of small amounts. So, let's stick to my main point: is Ratecoin staking heavily loaded in favour of a few, and importantly were people being told about this when several of you were outlining staking strategies? I await Kushedout's answer since my comments were directed mainly at his post. |
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[Previous quoted post] I think i know who the puppet master is of this "noob" account is. Never the less, not sure if you said anything negative in regards XRA in your reply, you just validated few of my points and were way off base on the rest due to your lack of knowledge on the specs of the coin. Even still, your reply makes XRA sound better than 99% of the shitcoins out there, including yours, spots 1) Although I'm tagged a 'Newbie' because I rarely post, my account is not new. Neither am I. I've been around for quite a bit. 2) I'd like to know who the puppet master you think I'm supposed to be is. Or is that an attempt at a deflection from the real meat of the matter? 3) I was giving an honest opinion of Ratecoin. I see no value in being negative for the sake of being negative. I'm just pissed off in seeing another PressTab influenced POS coin luring me into a dead-end. Wasting my time and money. I think that is a fair comment that newer investors could verify for themselves. 4) I do have a knowledge of the specs of the coin. Tell me why you think my comments are wrong. You didn't in your reply. THAT is telling! 5) I'm not sure what you mean by my coin. Do you mean I own an altcoin, as is if I'm a developer, or something? I have holdings in a range of altcoins. "Spots?" What's that supposed to mean - is that your all-knowing guess at who you think I am supposed to be? Feeble. Pure nonsense. Stick to the point. I think that intending investors should look at your reply for the very little substance that it contains. 1) Yes, you are a n00b. 2) And what is the "meat" of the mater? 3) wtf does this even mean? "PressTab influenced POS coin luring me into a dead-end" 4) even if you do know about the coin specs, its impossible for you to have utilized it to the fullest, with the highest bracket of interest stake payout by locking blocks, since the coin hasnt been around that long. 5) cant believe I just fed a troll. By the way can you show proof of your loss? Trade history Or the address you were staking with? If you can post what I requested above, I'll give you 50k XRA. 1) Look at my profile and you will see the date I registered was: July 28, 2014, 11:45:57 PM. I've been around well before then. Hardly a 'noob' in altcoin terms, but a relative noob to Ratecoin granted, despite this being my second time around. Both times I've been disappointed. 2) The meat of the matter was your post and the posts of others who weren't telling the full story. Ratecoin staking is loaded in favour of the largest stakeholders who have made it difficult for others to stake successfully. See my earlier posts. 3) The full quote for the relevant sentences were: "I'm just pissed off in seeing another PressTab influenced POS coin luring me into a dead-end. Wasting my time and money. I think that is a fair comment that newer investors could verify for themselves." Since you earlier took the level of the conversion down to excremental terms ("shitcoin"), may I ask: what part of 'pissed off' don't you understand? To paraphrase: I was highly disgruntled by the way in which coins having had PressTab's involvement have proven difficult for late adopters to stake - and seemingly easy for the few who have put a stranglehold around the coin. Other coins exhibiting PressTab's work include HyperStake and PayCon, both of which I have had experience of. 4) You are correct. I didn't feel like staying around to utilise this coin to its "fullest, with the highest bracket of interest stake payout by locking blocks, since" as you point out, "the coin hasnt been around that long." The coin has been out for five months. After my second try, it didn't take me long to come to my previous conclusion that this coin is just another HyperStake, only harder for 'newbies' to stake. One of my blocks consisted of the best part of a 100,000, staked for approximately two weeks with an estimated payout of 180 (or was it 108?) with a weight of well over a million. Hardly a sizeable return if it had staked then, but it looked like it wouldn't stake for a long time. The estimated days to stake were 1-1, then went up to 1-2 after several days. The block estimate went up from 0.2 to 0.29 days and stayed there for days. But that's not the point. The point is that the full story wasn't being told, and to be frank, it seemed to me, that it was being purposely held back. That's why I made my post. 5) Troll?! It's easy to namecall when you can't construct a proper argument, isn't it? My post was made in response to yours and others who weren't telling the full story (see point 2)). By the way, my Ratecoin staking addresses were: RHJjUjyTYR4uXuEmnU2M9RrDkmdrEbVLJU RMA9qp1TqS5kx8DJPZCbi1Sh2MzPRzZknc RJxKtQDXm6Rui3JTKxMUExLnXJvnC64SnD RLXJSY8886thP86xviU96LNjxS5zTmz3s5 RBW9QVuNa1w12KVhzCLfCckRrLKeQBTvWY and other minor ones were: RP1nC2TyfUCgcoTXptzev7AXWdrXkv6fVh RT3novRRxfPB4xSxCgEGvULhsiPwkek4c3 RBCpnGa2Sug4LZjo4w1f7NssR4Vy8mBhQr RP1nC2TyfUCgcoTXptzev7AXWdrXkv6fVh You can keep your 50,000 XRA. An apology would be more fitting. Otherwise, fully answer the comments made in my original post. I've shown you the courtesy in answering yours. |
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[Previous quoted post] I think i know who the puppet master is of this "noob" account is. Never the less, not sure if you said anything negative in regards XRA in your reply, you just validated few of my points and were way off base on the rest due to your lack of knowledge on the specs of the coin. Even still, your reply makes XRA sound better than 99% of the shitcoins out there, including yours, spots 1) Although I'm tagged a 'Newbie' because I rarely post, my account is not new. Neither am I. I've been around for quite a bit. 2) I'd like to know who the puppet master you think I'm supposed to be is. Or is that an attempt at a deflection from the real meat of the matter? 3) I was giving an honest opinion of Ratecoin. I see no value in being negative for the sake of being negative. I'm just pissed off in seeing another PressTab influenced POS coin luring me into a dead-end. Wasting my time and money. I think that is a fair comment that newer investors could verify for themselves. 4) I do have a knowledge of the specs of the coin. Tell me why you think my comments are wrong. You didn't in your reply. THAT is telling! 5) I'm not sure what you mean by my coin. Do you mean I own an altcoin, as is if I'm a developer, or something? I have holdings in a range of altcoins. "Spots?" What's that supposed to mean - is that your all-knowing guess at who you think I am supposed to be? Feeble. Pure nonsense. Stick to the point. I think that intending investors should look at your reply for the very little substance that it contains. |
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what's a good price to be in, I'm seeing that xra is moving nice and good wave, should I buy it?
Nobody can advise you to buy anything right now but in case of XRA its a staking coin so you can check explorer how good XRA holders are doing in staking since they are staking. Some big balance wallets already staked almost 1 bitcoin as a reward which i consider is very generous even in this price so If you are familiar with Ratecoin history and its ups and downs and planning to buy a decent amount of coins to lock in for staking then this price is definitely an opportunity thats all i can say  Thanks for your answer, it's very clear, even if I'm not very familiar with the past of XRA, I will check some and I think it's a good coin to own Freemarket decides the price. However, things to consider when investing and in this case XRA. 1) Scam = Definitely not [= biased opinion of a major holder. Not an outright scam, but loaded in favour of the select few.]2) Developer = Presstab (enough said) [= enough said! While Press Tab has a good developer reputation, every coin he touches turns into a coin for the Old Boys. New investors can't get a smell in. They have to break through a barrier of millions of coins staked in small amounts by investors such as you which makes the difficulty sky high for other investors. This excludes most new investors from significant staking. This coin is controlled by an elite few. Highly centralised.]3) Community = Solid and growing [= the small, early adoptive community is solid, which is understandable since they own most of the coins, but I don't think that community is growing. A lot of people are turned off by the poor reward (if any) after many days staking of large amounts. I could probably get more from visiting XRA coin faucets.]4) Longevity = Still in early adopter stage, low supply, most of the supply is held by long term stakers, (little chance of dumps), claimed addresses for reference http://www.presstab.pw/phpexplorer/XRA/richlist.php [= yes, most of the coins are held by early adoptive stakers and the richlist you point to is highly illuminating - but you don't highlight the block explorer, which shows that the barrier of micro-stakes held by the select few are the ones that are staking, blocking out ordinary investors with much larger amounts staked. Here, take a look at the hashes and who the stakes belong to: http://www.presstab.pw/phpexplorer/XRA/index.php]5) HyperStake (XRA big brother) been around for over 2 years, still listed and activly traded on most major exchanges, so I asume XRA will follow in HYP footsteps. [= Ah yes, HyperStake! That says it all and the newbies still fall for it. The arch-Emperor's New Clothes coin.] 6) Fun as hell to stake, specialy when it comes to using the lock block feature. [On behalf of those who have had their fingers burnt by this coin: ya gotta be kiddin'!!!]7) I would add some more stuff, but I am on my cell phone. [Please do.]Happy Staking. This coin is sterile. New investors, beware. Check out my comments in [bold]. |
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I'm looking forward to minting this coin, but I keep getting this message when I open the new Windows QT wallet:
"Error: Couldn't open socket for incoming connections (socket returned error 10047)"
When I close that message down the client seems to download the blockchain as if nothing has happened. Is it advisable just to ignore this message and let the wallet continue as it is?
I googled "socket returned error 10047" and found that people from other altcoins had experienced the same error. Pertinent is that my Operating System is Windows XP. It seems that I have to input the correct protocol using the command line.
Can anyone tell me what the correct protocol is? Any help would be appreciated.Thanks.
Common wallet error that devs haven't removed, you're good to go mate no worries. Thanks for the reasurance! Using the QT client is my only option since I'm not very good at compiling wallets from scratch at Github ... but it's something that I must learn to do. Thanks again for your help. |
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I'm looking forward to minting this coin, but I keep getting this message when I open the new Windows QT wallet:
"Error: Couldn't open socket for incoming connections (socket returned error 10047)"
When I close that message down the client seems to download the blockchain as if nothing has happened. Is it advisable just to ignore this message and let the wallet continue as it is?
I googled "socket returned error 10047" and found that people from other altcoins had experienced the same error. Pertinent is that my Operating System is Windows XP. It seems that I have to input the correct protocol using the command line.
Can anyone tell me what the correct protocol is? Any help would be appreciated.Thanks.
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