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1  Alternate cryptocurrencies / Speculation (Altcoins) / When is this bull run going to be over? on: March 24, 2021, 08:59:26 PM
If it was like the last one, it seemed to have about 6 or 7 cycles bull correction bull etc.

2  Alternate cryptocurrencies / Altcoin Discussion / I'm trying to find a new coin to stake on: March 08, 2021, 12:04:02 AM
I'm trying to find a new coin to stake, any one with any ideas?
3  Alternate cryptocurrencies / Speculation (Altcoins) / Is a 150+ Sat Doge Sustainable? on: January 31, 2021, 06:47:34 PM
Do you think a 150+ Sat Doge is sustainable?   It seems the Doge preference has come on the heels of the GameStop stock activism.  What level is sustainable long term?  I think once people learn about moving funds between exchanges, Dogecoin is the best bet for that.
4  Alternate cryptocurrencies / Altcoin Discussion / Which is this list uses the old fashion staking wallet method? on: January 29, 2021, 08:25:45 PM
https://www.stakingrewards.com/cryptoassets

I just want to have software windows wallets with wallet.dat that I back up. 
5  Alternate cryptocurrencies / Altcoin Discussion / How to set up smaller staking coins on a Decentralized Exchange (DEX) on: December 29, 2020, 07:05:50 PM
I think one of the most important things in the near future is to get smaller staking coins that have a community on decentralized exchanges.   How about we talk about how to set them up on a decentralized exchange?
6  Alternate cryptocurrencies / Speculation (Altcoins) / How much is Flare going to be worth? on: December 02, 2020, 08:57:31 PM
Flare will be airdropped on certain exchances for XRP holders.  The Flare website has a list of the exchanges.

What do you think the price will be worth on release or worth a week from release?  A year?
7  Alternate cryptocurrencies / Speculation (Altcoins) / Basic Coinbase Trading? Question on Fees on: November 17, 2020, 05:33:26 PM
I just realized that I can do significant trades with gains on the basic Coinbase.  I trade on over 10 exchanges because of all the coins I stake which require small exchanges (Neblio, Mintcoin, Noblecoin, CompoundCoin, VersionCoin, TruckCoin, HoboNickels, Stronghands, Mintcoin, Elite (was 1337), InflationCoin, Bottlecaps, Stackbit, BitcoinTalkCoin, Stackbit, RAIN, OverpoweredCoin, and Proof of Stake coin).  But the major 10 to 15 coins are traded now on Coinbase, and so there is more security than these other exchanges plus I am thinking the fees are about the same in the light of cashing out. 

You can make trades maybe less charge per fee but when it comes to withdraw if you want to cash out, the smaller big exchanges (like Bittrex, HitBTC, and Kucoin) will take out more.

It would be great to actually have the math on this.  If you are only doing a few trades, the smaller fees may not make it a better deal to do more trading on the smaller big exchanges. (Smaller than Coinbase).

This is a strategy of looking for the volatility in the major coins and cashing out to Fiat. 

8  Economy / Exchanges / Livecoin has been in 10-15 minute maintenance for over 12 hours on: September 27, 2020, 02:03:47 PM
Livecoin has been in 10-15 minute maintenance for over 12 hours.  Message given after one logs in. 
9  Alternate cryptocurrencies / Altcoin Discussion / MICROSOFT WINDOWS 10 UPDATE TOOK ALL CRYPTO WALLET START UPS OUT! on: September 10, 2020, 05:10:42 PM
Isn't there something that can be done about this?

Can we put our heads together to know who to contact?  Does anyone have an email or know anyone there?

Last time at least Neblio was still there but this time no wallet that was set to launch at startup has launched.
10  Alternate cryptocurrencies / Speculation (Altcoins) / Are you going to buy into these high rising defi coins now? on: August 31, 2020, 06:47:29 PM
The last month I had another project and wasn't watching the space and it's only today I had time to really focus on it.  I figured I would buy into these high rising projects a little today even though chances are they are at their ATH.  Are you going to buy into these high rising defi coins now, such as UMA, Kusama, DIA, Ampleforth, Ren, Reserve Rights, and others?    Which ones do you think will go higher?
11  Alternate cryptocurrencies / Altcoin Discussion / Windows 10 Updates and Staking Wallets Question on: August 23, 2020, 09:26:44 PM
I have one Windows 10 machine and it was set for doing updates and the required reboots.  The last update/reboot totally rewrote my OS's relationship to the wallets, and only one wallet (Neblio) was able to connect to appdata to use its blockchain.  All the other wallets I had to backup or redownload.  Has anyone heard of this happening before?  

This was set up originally to not do the reboots but I had to check some of the hardware before the warranty was over so it was set back to do reboot.  Now it should not reboot.  
12  Alternate cryptocurrencies / Speculation (Altcoins) / Spike on the News? on: July 07, 2020, 01:01:02 AM
There was a rumor that Kanye West picked a crypto guy as his running mate.    Is that what caused the price jump?   Here to last a few months?
13  Alternate cryptocurrencies / Altcoin Discussion / Can a corrupt team cook a blockchain? on: June 24, 2020, 07:26:35 PM
I have some suspicion a coin I'm staking had a team take over it that "cooked it's books" somehow.   The wallet keeps stalling and will not sync, and there are others on the thread/channel that say they are able to sync and stake. This has happened a number of times since a person took over the development.  The blockchain their new coin creates never works for more than a few weeks but supposedly for a couple people it does. Many chime in on the thread that they are not able to sync. 

I know behind the scenes at the code level (or maybe node level) there is a lot of control a developer can have.   Is it possible for a corrupt team to make it that only certain people are getting stakes?
14  Alternate cryptocurrencies / Altcoin Discussion / Should there be some kind of Ethics Counsel for Altcoins? on: June 23, 2020, 08:26:22 PM
There is a new coin that just called itself Compound Coin but as probably many of you know, there has been an active coin named Compound Coin for five or more years.  They both have the same symbol.

The old Compound coin has an active community. 

What can we do about people just coming in and stealing coin's intellectual property?

Websites have a system, I think we need a system, at least with heavyweights like Charlie Lee, etc. and various bloggers picketing the new thieving coin.
15  Other / Serious discussion / Very good interview showing working security at at the CHAZ/CHOP on: June 15, 2020, 01:29:13 AM
Very good interview showing someone very intelligent who is working security at the CHOP.

I went down there myself.  It was sad seeing all the vandalism. 

https://www.youtube.com/watch?v=6hTOL1QqcOc&feature=share

After watching the video, you'll see why I post the following.

Here is a letter I just wrote to a local journalist who wrote me about a plant sale I was having:

Hello Erik,

Sorry I don't have that type. 

BTW, I recognize your name, being a Seattle resident a long time and whose grandparents and parents are buried on Capital Hill.

My yard propagates about $500 to $1000 in plants every year pretty much automatically.  What's left is a good workout for about an hour in the day.   I'm also an author and have been working on ideas for helping "tier" the homeless so that we can help those who are willing
to get help.  A lot of it comes down to finding ones that can have social capital develop (by being trust-able).

Did you ever recognize that earlier US society used to have many maids and butlers but since people got more independent (think
rock and roll culture, not going to church, etc.) they became less trust-able in each other's houses?  A lot of people would be employed
and treated with respect if people could find out who was trust-able.

I've published over ten books.....maybe we could brainstorm on these ideas together?  The self-propagating garden idea is one thing unemployed people could install in people's yards,

all the best,

Robert

PS Maybe we can brainstorm on these ideas:

New Economy from Nineteen New Educational Principles
Concepts for Economic Empowerment by Robert Pearson


1) We need to focus on educating each other. Adult education is actually where the biggest change can come which can prevent disaster. Unfortunately, television is what has been educating most people in the last several years, and it has only gotten worse and worse in many ways. These forces have combined with popular music, and have created much culture without any wisdom or beauty.

2) We need to see people as "asleep" instead of evil. If we see them as merely asleep to what bad they are doing when they harm others, even economically, then they may have a chance to be educated towards a possibility for change.

3) Not appreciating all that one has, puts things in a state of entropy, and then these things lose their value. One has to always "polish" what one has, take care of what one has, organize one's belongings, or things lose their potential.

4) Not seeing the service aspect of working, and not putting into full practice the idea that we have to give before we can get. This creates a "vacuum" and the universe abhors a vacuum and seeks to fill it. If we carefully create the right service or value, wealth can flow in. If we do not create any true vacuum of service or value, nothing will flow in.

5) Aim to end planned obsolescence, and by doing so boost American or any other country's economy. If we could outlaw the sale of cheap products that are sold without warranty, we would create a new industry in America of making high-quality goods. Cheap products are essentially, or eventually, worthless. If there was legislation that one could not sell a product without a minimum three year warranty, this would be considered a green law, since products that soon turn to garbage would end up in landfills. We could build new small industries in the U.S. or other countries. Think of what this would do to the U.S. morale, or the morale of any other country.

6) We have to get out of the "specialization" field. Most of us have a vested interest in the modern world to be "seen as a specialist" and charge fees based on that. In some, way, shape or form, virtually everyone's resume reflects this, from a dishwasher to a airplane pilot. However, that has no longer allowed most of us to have the money, leisure, or other standards of living which we want to live.

7) Buy from those who will buy from you. For example, many ethnic groups in the United States empower each other by forming economic networks in which each person does a different type of business and they all buy from each other. This prevents money going outside the network into anonymous large corporations.

Cool Befriend and humanize by repeated consistent and loving effort, all the bureaucracies. Even bureaucracies are composed of people who have backroom office talk and talk there just as normally as everyone else. The bureaucracy is the face that they have to show to the public. Don't say, that they have to show that face to keep that job. That is determining the future based on imagination. A major principle in mind to keep is that any organization can be in danger of acting like a big bureaucracy.

9) Things only blossom if there is enough knowledge to fertilize these new things. We will not as easily shift into alternate energies, unless there is a threshold of people who understand these new technologies, or understand the marketplace aspects of them. This is one important part of public energy. Already, the solar sector in the U.S. has shown huge profits and Europe is far, far ahead of the United States.

10) The energy problem affects us more than just at the gas pump or paying the electric bill. For instance, in 2008, those in the United States who sold on eBay could no longer ship things surface rate in international shipping. This reduced their sales by a substantial amount, especially if there were wealthier people in other countries who may not be as affected by a recession. This truly would have a trickle down effect, if those sellers would have more money.

11) Many new jobs only need be responsible for creating value, because a system of barter has already worked in many economies. Think of senior homes/low income home improvements. Seniors could help with baby sitting as younger parents could help with home repair.

12) Not connecting to the greater sources of money (corporations, high paying clients) for some of our business sales, and instead focusing on the general public. The general public's eyes are owned by big media and big corporations. It is very hard to sell a new product no matter how valuable and good it is. We have to see where we can use these big groups, and where they are using us.

13) We are always wealthier if we do what we are able to do in our own part. If we have excuses that involve other people, that someone should do for us what we can do for ourselves, that somehow we were the victim of someone else, then we are always playing the child or victim role and things cannot improve.

14) We should be focusing on "creating value" not only "earning money." For example, imagine digging up some of one's lawn area and preparing the area for a nut and fruit tree orchards and other gardening area. This will create a substantial amount of "wealth" each year for one's household without having to bring in more money to buy things. There are many such improvements one can make and even invent for other people. There are low income but ready now electric car conversions that people have done for virtually every make of car.

15) Corporations and large institutions like governments, universities, hospitals and so on, are the part of the world that has the money, and that is where we can focus on professionally. If we focus on selling to the smaller business community, there may not be as much money. It is also harder to reach a large amount of the general public today as bigger corporations have the main eye of the public due to advertising money.

16) One can do philanthropy without any money by tocusing on educating other adults. One can do this online by going into areas such as social networking, traffic exchanges, safelists, toplists, webrings, and so on. This circulation of knowledge is free and also stress free.

17) Networking, and creating work collectives to achieve a common purpose, is a great idea, and no one can call such small groups derogatory names in a free market capitalist system. It is hard to network with the "general public" in America today, but if you focus on networking with your interest groups, you can more easily find people that you can form some kind of lasting connection with. For instance, groups that like to be together are musicians, people who like fishing, antique, coin or any kind of collector, seniors, teenagers, and so on.

18) We need to see our romantic partnerships as "creating new families" where even two people are a family. Then these two people are for each other, operating as a team, two heads can are better than one, and two can live as cheaply as one, and if they are both employed, they can be more wealthy. The media marketplace tends to only be able to show the romantic aspect, and condition people to believe in imaginary aspects of human perfection. Whether or not there is a planned marketing plan to try to get people to think independently or not is irrelevant, especially if we take the position that people are asleep to the harm they do to others and ultimately to themselves.

19) Need to remember all the high paying work we have done successfully If we are continuously looking at self-help material instead of focusing on and doing our work, then how can we provide any value in the community?
16  Economy / Speculation / Do you have any proof people buy BTC to crash the market? on: May 08, 2020, 05:21:46 PM
I have sometimes thought the big pump of 2017 was done to crash the market.  Enemies of BTC bought a lot to be able to offer sell orders at lower and lower prices therefore helping bring the price down (with public relations hit articles) whenever they wanted.  It seems often when there is good news and it seems like BTC or an alt should go up, nothing happens.  If they are still holding a large amount, Halving might not have a huge effect on price.

I'm not prone to conspiracy theories.  Wondering if anyone has any proof this could be the case.

--
a book on staking:
http://telicalbooks.com/Staking_Book_RSPearson.html

I need proofreaders.  Message me.



17  Alternate cryptocurrencies / Altcoin Discussion / Open Source Staking Book on: April 24, 2020, 05:36:05 PM
Greetings,

I need someone to do some editing of this writing.  Mostly "non-destructive" meaning just organizing
paragraphs and changing some aspects where it may be too personally written.  Ideas?

1 How to mine bitcoin on an older computer using proof of stake wallets
A Basic Overview of the Process
2 How to find a good coin
3 Trading Tips/Unlimited Trading Should Be A Natural Right


I wrote this book because more grassroots knowledge about Cryptocurrency is needed to be written and circulated.  I am not an expert on programming cryptocurrency, or the math behind blockchain operations, or even all the variations of proof-of-stake cryptocurrency.  Staking can become complicated with ways of describing different percentages that you gain, types of staking algorithms, and block information.  Being a consultant or teacher to the general public, I realize that most people do not want to get technical.  I also realize that most technical people do not know how to communicate to non-technical people. 

The general public wants things easier to understand whereas programmers and other technical people sometimes have a type of attitude to have to solve things with the least possible explanation, which is the opposite of how many aspects of business works.  Even with forty credits in computer programming at college but even I do not understand everything there is about staking, and so I am not going to try to write a book for technical people.  If you love technical information, there is more to experience online by searching out different topics related to staking.   

I think personal wealth can be built by things that are contrary to what most people think.  Take the rare book market, for example.  Books are like coins – each has a specific value based on rarity and condition.  Yet, you can buy these sometimes for one dollar or less, sometimes they are even free.  Many think that the government is responsible for their wealth, when really it is they themselves.  Generosity, courage and risk taking is important, which is contrary to the fear most people live with regarding money.  Cryptocurrency is one way that people are empowering themselves today and it's already made many people rich or given them a good main or extra income.

All it takes is having some patience and the heart to teach people how to carefully invest in these things. 

Creating staking computers with even older model computers with a few good crypto currency wallets would be like a type of magical machine for people to keep in their houses for a few weeks, to see how these staking wallets are profitable.   Many lower entry POS coins have done well even in the bear market of 2018.  The reason why
is that people understand the value of creating wealth by staking. 

For legal reasons, I cannot reccommend  which coins to buy, only discuss certain ones that follow a pattern that I like.  I have to stress that these coins may change over time.  Sometimes they lose their developer, or have a change in philosophy that makes them no longer follow my rules.  For this reason, its important to follow my philosophy, not the various coins that today match these criteria.  I like coins that are not already expensive, and which have a high enough return on interest to make it feel like one is mining in a profitable fashion. Some coins have percentages as high as 900%, and reward early adopters by keeping it at this rate for a while.  Then the coin’s staking percentage goes down gradually, until more use is built up for the coin.

Many high quality coins follow the model that I will describe, but they are expensive.  To get stakes, or coins in return for running the wallet on your computer, you have to buy often thousands of dollars worth of these coins.  Many of the coins I have chosen have rewarded me with stakes starting with investments of only ten dollars.  And since more and more coins are being created, it’s like compound interest: you get bigger rewards if you do not sell your coins right away but let them build up, earning you larger and larger stakes. 

The use of some coins, or utility as it’s often called in cryptocurrency, is to create the value of producing for almost free more coins that one can sell for Bitcoin.  I do not have a problem with this.  My views are that only a few people have most of the money today, and most other people have a good amount but they have sold their time to working 9-5 or similar jobs.  They are often not able to do many hobbies, spend much time with their children, or volunteer in the community.  Anything that can boost the income of these people is good, and staking and trading cryptocurrency is one of those things.

The situation that I see is that cryptocurrency is still a small phenomena and within that small thing there is something called Proof-of-Stake (POS) Wallets which only a small fraction of that small fraction know how to use.  If more people understood how easy it is to use them, back them up, restore them after they crash and so on, then more people will buy these coin, and it will remain profitable to stake.  That is the angle I am trying to work from.   

If suddenly POS Wallets are seen as a cheap way to mine BTC in a roundabout way,
the cryptocurrency revolution can happen to more people like it happened to miners and traders so far before the bear market of 2018, when I am currently writing this.
 
Remember, if you're staking a coin and it gives you 100 new coins a day, then those coins can be sold for BTC, LTC and/or DOGE.  That is the premise of staking wallets.
With miners, you have to purchase the miner, and the power supply (which are often more expensive than the miners on the used market).  The electric bill of mining can be so high that it can usually by itself be enough to heat a house in winter. 

Proof-of-Stake wallets on the other hand can be done in computers one can often get for free, or perhaps $50 at a Pawn Shop or other second hand venues, like Craigslist,
thrift shops, and so on.  The electric bill is usually much not higher than keeping the computer on without the staking wallets running. 

You have to understand the mathematics of the “canvas” of cryptocurrency.  The canvas of the crptocurrency compared to fiat is ever changing but always retains value.
You can’t “print money” so the fact that you get 100 coins a day from one staking wallet that has some Bitcoin value which then has some monetary value is the only formula you need to understand.  The fact that this Bitcoin may be worth twice, ten times, or one-hundred times as many dollars one day compared to another.  The essential fact is that, like like stocks, there are bear and bull markets.  If you hold on to Bitcoin, it will most likely go up from the bottoms it’s seen, just like the stock market continues to go up over time, with its bear and bull markets.

You have to look at the gains in the microcaps to understand that not all coins follow the model of the majority of the top one-hundred coins.   Most of the top one-hundred coins have been in a bear market in 2018, and also historically, there were similar years.  But the microcaps have frequenty made huge gains during that time.  Sort on percentage gain on Coinmarketcap.  Some coins even in bear markets are still going up from 20% to 300%.  or more a day.  There are two thousand coins listed, but it’s not easy to see them all at one time unless you select the number of coins at the top left, which brings you to a new screen.  Of course, this may change in the future.

High percentage low entry staking coins are the original spirit of cryptocurrency where people can create their own value at home.  If we taught people to do this, we'd have the personal economic revolution that some of us need and the big investors clearly do not need.  Plus, it's a way to distribute a blockchain, which is the heart of a fair decentralized economic system.   

It is very easy to use staking wallets.  Like anything, it has a learning curve, and the only way to really learn is to do it.

First, you want to pick a coin or coins and buy some at an exchange.  You can find
out more about coins at a site like Bitcointalk.

Secondly, you have to download the wallet.  Make sure you get it from an official site because in rare cases hackers have used phoney wallets to try to trick people.  Hackers can upload a fake wallet that will have trojans or viruses in them.  The Announcement page at BitcoinTalk should have a link to the wallet.

After you download the wallet, boot it up and select “Recieve” and in that box that comes up with be an address.  That is just like your Bitcoin address, which most people should know about.  It’s just like an email address.  You give it to people, or to websites, so they can send you coins.  You

I have a text file in a word processor that I always work side-by-side with that I have
copy and pasted all my wallets addresses that I have gotten from the wallet themselves.  Next to those, I have clearly labelled “exchange addresses” of those same cons so that I can send to the exchanges coins to sell.

You have to make sure you have a large enough balence so you can get stakes.  Sometimes it’s as little as $10 worth with some coins.  Some coins it may be $1000 or more worth of the coin.  So, you have to stake coins that are on your budget.

You should encrypt the wallet which is very easy to do.  You simply select “encrypt the wallet” in one of the menus and type in a password and then write that down.  You can back up the wallet immediately by selecting backup from a menu and give the file a name.  This file is the same as the “wallet.dat” file that the wallet uses but
it will have the name you give it.  Or, to backup your wallet, you can go to your Appdata folder in the profiles section of your computer if you’re using Windows and find wallet.dat.  Mac and Linux users will do the same thing but just in a different way.   Make sure if you encyrpted your wallet, you back-up and use the new wallet.dat.

Now if your wallet should ever crash and not operate properly, which they often do, all you have to do is delete the old directory in the Appdata folder and restart the wallet.  The wallet will recreate the folders and files and start to download the blockchain again.  This can sometimes take many hours, even days, and to
make it quicker something called a “bootstrap” is often created by the developers.
It’s much quicker to download that and put its files in your Appdata folder then it
is for the wallet to process the blockchain download itself.  Synching the wallet means being up to date with the blockchain ledger and all it’s information about what addresses sent what to what other addresss.

When you run the new wallet the first time after a crash, it will recreate the new folder and make a new wallet.dat.  You must then close the wallet and delete the new new wallet.dat and put a copy of your wallet.dat backup into the new folder in it’s place.  Thnn launch the wallet and you should see your old balance and history when it is all synched. 

I have a folder that has subfolders with each of the coins I stake.  I put the wallet.dat for each coin in these backup folders and then put the whole folder with subfolders on a thumb drive. 

The high staking and lower entry coins I've found are liable to change.  The reason why they change sometimes is that they are abandoned by the developers.  This is not that bad in itself in cryptocurrency because the team of “bagholders” can come in and pick up where the old developer left off.

The coins that were right for my philosophy at various times have been Truckcoin, GrowthCoin, RAIN, VersionCoin, Healthyworm, Bitradio, Chess, Compound, BUZZ, StackBit. HousingCoin, VulcanoCoin, Bottlecaps and Crackers.  Some of these I no longer stake for various reasons.  Because I do not want to tell you what exactly to invest in, I will not say which ones are no longer good options for staking.  There will be new coins being developed which may be the best ones to get into when you are reading this book.

Since most coins have shown a rise and fall and rise again in price, stopping staking a coin when it gets very high in price can be a good strategy.  You can possibly buy low and then start to stake it again.   I have found with some coins that there is a point where you have to continue to buy more to get a stake, and then it becomes more about investing and not about earning “interest,” or staking.

At one time, I was staking a coin called BOAT because it had a good name.  The boating industry is huge.   I guess you just have to have someone with connections that wants to do something like give away 100 BOAT coins for looking at their yachts that they have for sale.  People with money are or are getting into Bitcoin.  I thought maybe we could get a salesperson who has experience just in sales and have him or her work on commission.  The crypto-market was almost at this stage in 2017 when it then started to fall

Let’s take a look at Bitradio. You get paid in crypto for streaming radio. The percentage has been high enough at this time of writing to justify the electricity it takes to keep the computer running full time.  Of course, I can run three or four other wallets on it the same time, so it justifies space on that computer. 

Any of the coins that I have researched paid a good amount of stakes. It this sense, they are like cheap bitcoin miners, so they are “working products.”  People often complain about some coins that they have no working product, and are just taking investments.  Coins with good staking wallets are of course a product in themselves and good coins like Bitradio have a utility on top of that.  Of course, if you cannot run a staking wallet, feel comfortable that it’s little wallet.dat file is in a few other safe places being your wallet folder, and know when to buy and sell your stakes, you  could lose money.  One could also lose money if the stakes become relatively worthless.  But even a coin that is only worth .00005000 Doge like the way DiverseCoin is right now, can create stakes that can be sold.  I do not have a huge amount as far as dollar value but I get several millions worth of coins a day in my stakes.  The percentage of return is so high with it that one day I received a stake of ten million coins!  No one knows what these coins will be worth in a few years, but at least today they are still worth something. 

Remember the law of supply and demand.  If a coin has a staking percentage of 900% a year, sooner or later stakers are going to flood the market with new coins and bring the price down.  Such stakers would have to tell their friends and family to start buying the coin and set up staking computers to raise the price.   This is exactly what should be done and what I hope is done. 

A very interesting thing can happen to some coins.  The difficulty, meaning work needed to be done to get a stake, goes up with such a high POS percent.  The price can hold with nice volatility to make some money now and then by setting buy and sell orders.  If the difficulty went down, there would be no reason to buy.  We need to always get more stakers involved to buy the coin so they can stake it themselves to raise the price.  As I mentioned, the “utility” that some people keep saying needs to be in a coin is simply to privitize money and the creation of wealth.  Yet, it’s interesting how hard it is for many to see that.  Another utility is of course creating social networks of teams of people who support the coin, or other purposes like philanthropy that can be used by the team at their discretion. 

One problem is at times people come in with a lot of money, buying a lot of coins, stake them, and then crash the market by selling to all the buy orders.  Once a buy order is filled, then the coin price goes lower because the seller just finds the next buy order to fill.   

If the coin is at 9 Sat, and has 100,000 buy orders at 8 Sat, to instantly gain cash, a seller can sell to all 8 Sat buy orders.  If he has 200,000 coins, then he can either create a sell order at 9 Sat, and wait.  Perhaps another greedy seller will come in with 300,000 coins and crash the price down to 7 Sat or lower. 

I am not sure there are enough "gentlemen" to not have high POS interest coins crash to a 1 Sat value where there are no longer any buy orders.  But often coins fall below 1 Sat and move into the Litecoin and Doge markets.  You might be able to sell your 1000 coins not for 1000 Sats but instead 5,000 DOGE.  One Sat may be more than what each is worth.    You might have a coin increase in value in DOGE or LTC when it seems it's just staying at 1 Sat BTC.   So, it's possible to sell a coin that is being staked even if it falls to 1 Sat and there are 50 BTC worth of buy orders.  Then hopefully you will trade with that profit on something that will also be profitable.

Let’s play around with the numbers a little:

Here is some conversion of DOGE to USD and DOGE to Bitcoin.  This exchange rate no longer applies, but was accurate at one point of time.

At one time of this writing, 1 DOGE equals 86 sat

or

1 DOGE equals .0055 cents
 
50 DOGE equals .00004350 sat
50 DOGE equals 27 cents
100 DOGE equals .00008700 sat
100 DOGE equals 54 cents
500 DOGE equals about 43500 sat
500 DOGE equals about .00043500 BTC
500 DOGE equals about $2.74

Minimum DOGE Cryptopia trade is 38 cents

Minimum Coinexchange BTC trade is .00010000 or 76 cents

0.00010050

38 cents   =     .00005000  BTC
21 cents   =     .00004000  BTC
7 cents   =        .00001000  BTC
.0076 cents   =     .00000100  BTC
1 cent equals        300 satoshis



For instance,if 1 Dogecoin = 0.002252 US Dollar, use this chart:

1       Dogecoin =  0.002252 US Dollar
10       Dogecoin =  0.02252 US Dollar
100       Dogecoin =  0.2252 US Dollar
1000       Dogecoin =  2.252 US Dollar
10,000    Dogecoin =  22.52 US Dollar

or if

1 Doge equals 53 Sat that equals $.00483
10 Doge equals 530 Sat that equals $.0483
50 Doge equals 2650 Sat that equals $.24
100 Doge equals 5300 Sat that equals $.48
500 Doge equals 26500 Sat that equals $2.41

1000 Doge equals 16000 Sat equals $2.52
100 Doge equals 1600 Sat equals $.25

A Minimum Cryptopia trade is $2
What is the minimum trade on your exchange?

200 cents   =     .00005000  BTC
160 cents   =     .00004000  BTC
40 cents   =     .00001000  BTC
4 cents      =     .00000100  BTC
1 cent equals        25 satoshis

$4           =      .0010000  BTC
$2 (200 cents)   =     .00005000  BTC
160 cents   =     .00004000  BTC
80 cents   =     .00002000  BTC
8 cents      =     .00000200  BTC
1 cent equals         25 satoshis

1 BTC       
$4000         = 1.0000000  BTC
$400         =  .1000000  BTC
$40         =  .0100000  BTC
$4         =  .0010000  BTC
.40         =  .0001000  BTC
4 cents         =  .0000100  BTC
1 cent equals        =   25 satoshis

1 WAVE     = 0.00164688 BTC
.1 WAVE     = 0.00016468 BTC
.01 WAVE     = 0.00001646 BTC
.001 WAVE     = 0.00000164 BTC

You can do similar math with Litecoin or any other cryptocurrency.  These are called trading pairs.  The most popular of course is Bitcoin, but many exchanges trade via the medium of Litecoin and DOGE. 

You should feel as comfortable trading in DOGE or Litecoin as you do in Bitcoin. Many coins were at 1 Sat or less in 2016 before the 2017 bull market.  People were making 15 times their money or even more trading obscure coins like Chesscoin, which was at 1 Sat for what seemed like ages.

You should know about buy and sell orders for the best trading.  A buy order is a price you say that you want to pay for a coin.  In fact, you have to actually purchase the coin and have the money to purchase it, but you can cancel the order at any time and the money will be refunded to you.  So, in that sense you create the order, you pay for it, but the coins are only yours when someone wants to sell the coins at the price you’ve put in the order at. 

A sell order that you make with your coins is the same thing only reversed.  You start out having the coins, and you select the price you want for each one, and how many of your coins you want to sell at that price.  You then have to give up or lock in the coins into that order.  You can cancel it at any time and the coins return to your balance.  There are no fees associated with cancelling buy or sell orders.

More About Using Wallets

Some wallets takes more tweaking than average to work properly.  Some give an error that is easy to plow through on the startup of the wallet with no negative consequences.  Almost all coins have an Annoucement page at BitcoinTalk, the forum that Satoshi Nakamoto started.  If the original starter of the coin’s BitcoinTalk thread is still online, a team can work together on getting a better one uploaded and keep it in as the first post in thread.  That post is the only one that’s easy to read, since threads often have five hundred or more posts.  If not, a new thread should be started so people can easily find the true wallet. 

All wallets have to download the complete blockchain so that it can then put all it’s transactions on a real copy of the blockchain so everything is honest.  If you use the wallet to sync, it will use much of the CPU, and be more of a strain on your computer.  It will also take a long time, sometimes several days.  Updating with a bootstrap is easier.  I had some bad luck starting out with bootstraps, maybe others have also, but once you get the hang of them, they’re very easy to use.  They, in fact, really are easy to use if you have a computer background, and quickly update the blockchain on your computer. 

Sometimes wallet installations have something called a .conf file which shows what Internet addresses or nodes can be used to synch the wallet.   It will be called something like CoinName.conf.   Make sure you spell it exactly the way the wallet program or executable is spelled.  You should close down the wallet when you change the .conf file.

The .conf is just a text file and you can edit it by clicking on it then using the right mouse button and selecting open.   Online, you may find updated nodes list that looks something like this:

addnode=173.208.202.202:17177
addnode=188.226.240.91:17177
addnode=178.62.90.160:17177
addnode=89.40.7.203:17177
addnode=165.227.45.223:17177
addnode=173.246.10.52:17177
addnode=128.199.191.230:17177
addnode=82.196.0.217:17177
addnode=130.204.120.237:17177

Simply paste that at the end, save it, and restart the wallet.

If you add a node or update the nodes in the conf file it may sync better.   You can find out about these nodes at some exchanges that trade the coin, BitCoinTalk, or at the coin website.  Nodes often do change, so at some point the wallet may not be in sync with the current state of the blockchain.   This is one of the hardest parts about using these wallets.

Some wallets use a lot of memory compared to other wallets. These are often older coins that have a large blockchain of transactions that must be held in its memory.

The code for almost all coins is open source and a lot of coins no longer have their original devs.  Who knows what might happen in a year. 

Coins do become a little scary when you have to keep buying to get frequent stakes.  It gets to be a point where you don't seem to be earning interest anymore, just keep putting more money in.  If there were more advertising, or some incentive program, the price would go up and it would have more value.  I think people may get to a point where the stakes just aren't coming in because of the difficulty increase.

The concept of difficulty in blockchains is fairly complicated and this book is not the place to describe it technically.  One easy way to understand it is that in staking it is how hard it is for stakers to get a payment in coins.  If five times the amount of people start staking your coin, it will be more difficult to bring in new stakes.

You can usually see the difficult by looking at the tray icons.  One will have a figure
of a fraction, like 3000/150035555.  The closer you get to being a bigger fraction, the more likely you will get a stake.  You’ll notice when you buy and deposit more coins,
your chances get better.

Staking wallets work on a consensus model, which in this case is Proof or Stake verses Proof-of-Work that is use in Bitcoin and similar coins based on the mining algorithm. 
A consensus model, accoring to Wikipedia,  “achieves overall system reliability in the presence of a number of faulty processes.”  Consensus models are used all over the technical world, and are one of the most important aspects of computer science.  They show which computers have accurate blockchain information and which do not.  That is largely what the Proof-of-Stake wallet is doing all that time.  We are paid in stakes based on how many transactions we process.  This of course also secures the network, since we are creating real blocks in the blockchain by our work.  We get a porportional share based on how much of the total currency that we own.  If we own 5% of all the coins out there, we would get a somewhat random amount daily but overall in time something like 5% of the overall stakes paid out to stakers.
 
Some wallets will produce a stake once a day if the amount of coins in it is high enough.  If you are not getting a stake around twice a week, you may want to increase the coins in your wallet.  Of course, how many you want to get is based on how much you want to spend.  You can tell the difficulty and also most wallets will give you an average amount of days until you see your next stake.  Sometimes they will keep showing one day and it may in fact be a week until you see your next stake. 

Some coins I had to keep buying to get frequent stakes on.  It gets to be a point where you don't seem to be earning coins anymore in ratio to how many you are buying, because it seems you just keep putting more money in to buying more to still get stakes.  But if you look at the big picture, by looking at the transaction section of your wallet, you might see four or five times as many stakes overall to the purchases you’ve made. You can see the overall ratio of stakes to incoming coins from your exchanges.
Remember, all these stakes represent basically free coins.   So, even though you keep buying the coin, you keep making it to.

At some point, I have had to decide to stop staking certain coins.   The amount of stakes I was receiving was too low, and the investment to make it worth the electricity and space on one of my staking computers was too high. Noblecoin was such a coin.   Some coins, like Bitbean, or what became Beancash, actually never produced a stake for me because I was interested in diversifying in ten or more coins, and the amount for enough to stake became too high.  After weeks of running the wallet, I did not get one stake with the same investment as the others, so I chose to use my current stakes to build up my trading account and stopped trying to stake Bitbean/Beancash.  That’s not to say it’s not an excellent coin with a great team.  You often get what you pay for in staking.   

Couldn't a person with enough money buy a high POS coin and make a fortune? They would be getting an high return in a month or two.  Most traders I believe do not feel secure with wallet software.  First they would raise the price by buying a lot of the coin.  People who wanted the coin would have to pay a lot of money for it.  Hopefully, they could then sell many stakes at that high level over time, not crashing the price. 

Due Diligence

There are very easy ways to do due diligence.  Even though some coins will pump without reason, there is no reason to say there is no due diligence in crypto.  In fact, these no reason pumps may be disinformation by those who do not want cryptocurrency to succeed.  For instance, look at the pump of Greencoin, which has no team and really no chance of a revival, it had been the highest gaining coin consistantly in early 2018.   

The easy ways to do due dligence in cryptocurrency trading are to look at the activity
on BTCTalk.  Is there an active and helpful team?  Is the person who created the original post still logging in?   Is the coin high priced?  There is a greater probability that lower price coins will go up. 

Sometimes coins in the price range of 3 or 4 sats are a good investment, because historically you would get a quick 15% to 25% gain.   Your buy order just has to process or complete at 3 Sat and then your sell order just has to complete at 4 Sat for you to get a 25% gain. 


You can tell by the sell orders what's in store.  If people with less money don't get out in time that's their problem.  There are  warning signs.  I personally diversify completely over about 70 coins and so it's easy for me to move in an out without much emotional difficulty.  There are about ten POS coins right now that look fair for a long time yet.  I always look at the orders all the way up on the exchanges to see if someone could crash the price.

If I swap my sbit to distrixx, I will no longer have the volume for it to continue staking, this is why the 30 to 1 didn't work for me. It was originally 1 to 1, then it seems someone got "ambitious" (don't want to say greedy).  Other coins have
not survived with developers got a little overly ambitious in a similar way. (I didn't
post this before the swap ended to lessen motivation).   I would have just had to keep
pumping more BTC/DOGE into Sbit instead of being able to reap a profit and continue to have the volume to stake. 

If everyone on this forum just convinced people around them that they could make money trading cryptocurrencies we would have a bull  market for sure.   I think one way to solidify this is you get involved in staking coins because it's just like mining.  And if the percentage is over 20% in a coin with a good team, that's for sure money.

The crypto market largely rose in the previous years because mining was profitable.  It still can be but running an older computer with some staking wallets with the right coins is definitely profitable now.

The difficulty, meaning work needed to be done to get a stake

Something happens to high proof-of-stake coins.  The difficulty, meaning work needed to be done to get a stake, goes up with such a high POS percent.  Sellers keep selling their stakes which drives the price down.  This is why more education has to be done so people can continue to make money in such a simple way.

Stakers want the price to hold with nice volatility to make some money now and then.  If the difficulty went down, there would be no reason to buy more coins, because you would be earning many coins from staking.  When you stop earning new stakes, that means you need to buy more coins, because the difficulty has risen.

We need to get more stakers involved to buy the coin to raise the price.

I now stake about 9 coins actively, and building another machine to do more. 

I think the money went out of deserving coins into ICO scams.  That's what happened to the marketcap.  If the dev team really is incompetent and can't get this going on a grass roots level, it's probably because their not paying college kids to get it going.  I can't believe this one ICO has pictures on their website of all the custom neon lighting they had built for their office, like they were an uber fortune 500 company.  That's where their labor budget for the next three years went, that and all the other wastes like expensive office furniture and so on.

what will happen if Growthcoin isn't distinguishable anymore by a higher POS return?   100% a year shouldn't be too much.   That goes with the market trading, it's easy to make 100% a year trading crypto, and BTC has been much higher than that.

It's a great POS coin with a good team of supporters but not sure about the mining pools for it right now.



I hope everyone realizes we created all this wealth out of nothing and it will take the same level of energy to keep it going

I would suggest reading material like Benjamin Franklin, such as the anthology Benjamin Franklin Worldly Wisdom, or the Poor Richard’s Almanacs.

“The more I am away from my trading, the more profitable it is.”
This can be do.  We need to let the market do the work for us sometimes.  Most people cannot force the market to move up or down.


Need a good new pool for Version (V) Coin

"We are investingating issues in the backend. Your shares and hashrate are safe and we will fix things ASAP.

Findblocks disabled, new blocks will currently not show up in the frontend
Blockupdate disabled, blocks and transactions confirmations are delayed
Payouts disabled, you will not receive any coins to your offline wallet for the time being"

I signed up to mine it and tried to connect and my miner said dead (I currently use it to mine other coins so miner is working).

Ok, I can pretty much understand everything you've said. 

I mine too and so always try to communicate with people about good things.  I never tried to mine Growthcoin before.


Thoughts On More Expensive Staking Coins

Staking can be done at all income levels.  Some people talk about their $10,000 staking wallet portfolios, but for some it is more practical to invest at levels far below that.  Chances are, higher priced coins can have bigger teams, which can mean a more secure investment.  They also have much farther to fall when something goes wrong.   

All markets go through ups and downs, and you really need to develop some callouses from holding.  If you invest in more expensive coins to stake, it can seem like a bigger loss – you’re still making new coins from stakes but they are worth less.  More people may be buying in which changes the difficulty, and unless you keep buying, you may not get the stakes you once did.  The key is to set high sell orders on exchanges from your stakes or purchases so when the volume spikes, which they often have, you will be there to take advantage of profits.   The worst thing one can do is have weak hands and when months or years of staking seems to be almost worthless compared to the time and investment.   

There is too much information needed for this to be an exact comparison of staking percentages, all time hights (ATH), and various prices.  My intention is just to give some brief analysis of different coins.  Coins are like sports teams: there is a lot of emotions between supporters of different coins.  I am a moderate about this subject like I am about politicis.  I just want the best coins to win.  I have decided to do staking with many different coins and to not invest very much in them.   I think this philosophy has roughly equalled being as good as if I would have invested much more in higher priced coins as far as profitability.

Some people pick an obviously good coin like PivX and only stake that. I liked the idea of diversification.  I had to take some chances, high levels of risk, where the coin turned out to be a complete flop.  For instance, there was a coin called Kangeroobit2 that had a random percentage in its staking just like the coin RAIN does.  Some stakes you would get 3000 coins, some only 200.  It was only on two exchanges.  One exchange seemed to do an exit scam, the other exchange claimed that no one was mining the coin, and so couldn’t support it.  It was one of the common occurances where the developer disappeared after releasing the coin.  Some people bought the coin, but after that, he went on to do something else.  No one knows who this developer was, or who they are.  It’s a very common occurance in cryptocurrency, from high priced IPO, to barely anything coins with little graphic design, websites, or social media campaigns.  I lost about $20 because I don’t invest much on coins that seem to have nothing backing them. 

So, the option is that you can invest $400 or so to get one coin to stake that has a high reputation, or invest $400 to get ten coins that stake, one of which may become a great coin investment.  Condensate, also known by it’s ticker name RAIN, was like that for a while or me.  I bought enough at fairly low prices,  all lower than 400 Sat, and was getting many stakes from it.  It climbed up to the 2500 Sat realm for a good amount of tim.  It is wonderful when you have a high staking coin and a wallet full of them, and the price goes up over five times. 

Linda was like that as well, but after a while the stakes stopped coming, the price went up too high for my principle of cashing out to fiat currency.  Fiat currency is a fancy name for the regular currency of one’s country.  I keep taking my profits out in dollars because this endeavor took a lot of time of my time, and I had to get an income from it.  I had to trust in Linda coin more than what I could bear in my risk tolerance.  It’s price didn’t end up too different than TruckCoin and GrowthCoin, and only twice as much as Bottlecaps.  If the algorithm made it worse for staking then those coins, I made the right decision.  But what makes the choice not a great one is that Linda is on six or seven exchanges, which guarantee a certain level of security. 

While I mentioned I”m not against anyone’s coins,lets look at some more to get more understanding of the staking marketplace.

NEO is one of the best coins out there.  It has a five hundred million dollar market capitilization as of the date I’m writing this (1/8/2019).  It is number 16 in ranking of the 2000 coins on Coinmarketcap.  If you were to buy 10 NEO today that would be $93.  At the end of year, the ROI would be 3.88%.   Neo around this time last year was $110.  Since the ROI is the same, then one can see that investors in NEO buying it at that time have not done very well in using it as a staking opportunity.   It was only at that high level for about six months.  There were many times when one could get NEO at $30.  Those buying it at lows will possibly not only make a profit in the future, but they will have a better or larger team that most of the low entry higher percentage staking coins. 

To sum it up, it’s hard to say which coins are better as far as profitability for someone who has trading skills.  If you can buy low and time it right, either choice can be a good one.  Buying expensive POS coins requires strong hands to be in it for the long term in the hope that the coins go back in price. 

The coin Neutron is a good example of the danger of investing too much in a staking
coin.  It came in an expensive coin, like many coins do, and then went far down.  For two months in mid 2015, it was in the 5000 to 10000 Sat range.  Then it went down to the 300 to 500 Sat range for two years.   It climbed back up in the 2017 bull market.   It was even between 5000 and 8000 Sat for about four months in early 2018m but then went to 200 to 300 for the last quarter of 2018.  If you bought this coin at the right time, you would have to hold for years to hope to see it rise back to a profitable range.

Many other higher priced staking coins have been like this.  Beancash has had periods of good value, then almost worthless for a while.  It had two bull cycles when it went high, but each time came came down.  It might be an investment of $300 to even get one stake in this coin, and then the stakes would not be worth very much, not until, and if they, go up again.

It seems like Smartcash has had a troubled record too, with one major bull run, and then two small profitable cycles and then leveling down to the 300 Sat level at the end of 2018.  But this coin came in low priced, and so early stakers were rewarded.  All one has to do is look at charts to see that coins that were low for a very low time have also came
up for a long time.  Many POS coins look like the chart of Smartcash, maybe not so drastic, but the long bear market of 2018 has lowered the price of most coins.  This goes along with the two major principles of the canvas of cryptocurrency, and the adage that you cannot print money.   The “canvas” of crptocurrency compared to fiat is ever changing but always retains value. 

NavCoin is one of the bigger marketcap coins that would have cost much to stake at various times.  It was between 14,000 Sat and 30,000 for most of the time between July 2017 to July 2018.  It then went down to the 4000 to 5000 range for the last half of 2018.
At only 5% staking returns, it’s hard to see that people will make back their investment from staking alone.  The utility and development has to come from the developers.

Syndicate coin looked like a good coin for a while, with typical ups and downs, but it leveled out pretty bad at the end of 2018.  According to their Bitcointalk thread, they missed their whitepaper by being 8 months overdue.  It was a coin that was frequently in the 6000 to 8000 Sat range for a period of about seven months, and often above 4000 Sat.  It’s now trading at around 700 Sat   Without a very active team that hits its deadlines,  some of the investors are getting weakhands.  These stories make investors sad, as people had hopes for this coin, but when deadlines are missed without much communication it’s hard to see such times the way we look at other companies outside of Cryptocurrency. 

The higher investment coins fall more in value compared to many of the lower priced POS coins.   

TruckCoin and GrowthCoin  have been two of the lower priced coins that have retained a large percentage of their value.  TruckCoin has spent most of it’s career from July 2017 to
June 2018 at the 25 to 40 Sat realm.  It did have a spike going from 50 to 70 Sat in January 2018, so wise traders who set their sell orders correctly would have seen a nice profit at that time.  From January 2015 to March 2017 it was worth more than later times, but that was before Bitcoin took a run from the $1000 range in April 2017.  A Sat wasn’t worth very much before that, so it’s hard to factor in the lower price of TruckCoin at that time compared to the higher prices of Syndicate, NavCoin and Neutron. 

So, even though higher investment coins fall more in value compared to lower entry coins, the lack of good teams is more common in lower investment coin.  It’s easier to lose all in lower investment coins, but so far, it looks as if higher priced coins have also been risky in a different way, if the maret in these altcoins does not go up.

Ideally, holders of higher priced coins should be doing dollar cost averaging to keep the staking going if that’s what’s required.  This shows a faith in the coin.  It’s sad though that many coins do not have “teams” that show a lot of optimism nor are willing to volunteer to do the little things that keeps a coin going.  When this happens to a lower-priced coin, you can gradually get out of it and probably still make a profit.  If this happens to a higher-priced coin, chances are you are going to take a loss.  But, as every trader knows, without risk there is no reward.
18  Alternate cryptocurrencies / Altcoin Discussion / Any good new staking coins coming on the market? on: April 14, 2020, 04:10:34 AM
Would like to find a new, high enough percentage staking coin.  Kind of hard to buy coins that are higher priced as the price usually ends up falling.   Anyone know of any, in the 1-10 Sat range?  I am hoping to stake in the old way, without strange systems, just basically the wallet staking on one's own machine. 
19  Alternate cryptocurrencies / Altcoin Discussion / A lot of new staking coins are not as decentralized? on: December 26, 2019, 09:16:11 PM
According to stakingrewards.com there are a few new big staking coins that do not have downloadable wallets that you control but need you to vote or stake on a centralized platform.  Iost, Aion and Loom are examples.  Maybe some of these programs are voting your coins on a masternode, a bit like the way WAVES rents/stakes your WAVES.  Thoughts?

At this point, I would rather stake the usual way for maximum safety. 
20  Alternate cryptocurrencies / Speculation (Altcoins) / BITCOIN BULL RUN TO START ON THURSDAY (11/21) AFTER DIFFICULTY ADJUSTMENT? on: November 19, 2019, 03:35:01 PM
"BITCOIN BULL RUN TO START ON THURSDAY (11/21) AFTER DIFFICULTY ADJUSTMENT"

https://bitcoinist.com/bitcoin-bull-run-to-start-on-thursday-after-difficulty-adjustment/

Do you think this is true?  Sure would feel like Christmas.
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