Almost all of the major dumps were me, I exploited the chain exactly like I said could be done earlier:
I was thinking I'd try to play this coin's dumb staking to my advantage but I'm just gonna lay it out for everyone. This can only play out one of two ways:
1) The chain freezes because the 4 hr maturity is based on blocks, not clock time, as was speculated earlier in the thread
2) If the chain does work, the first 2-3 people to have matured stake blocks will get almost all of the remaining POS blocks to themselves, as they will instantly control 97% of the matured coins. This advantage will never be lost as staking progresses, those 2-3 people will forever have 75%+ of the $GREED supply, unless people are actually dumb enough to buy the coins off them in exchange.
For this distribution to work the initial number of coins would have to be like 1000-2000, otherwise there is no way to get to the other side of the staking round without one person having their stakes mature and gaining almost complete control of the staking thereafter.
edit: I like this coin, I like the idea of the distribution method, but as delivered technically it's just a dice roll for controlling interest of the chain by getting the first matured stakes.
I got the third and fifth stake blocks, missed my chance to split up the first one I got before it staked again but I split the other block into 40 pieces, almost all of which produced a stake, and a few of the children stacks even staked again, giving me 32% of the supply after phase 1, starting from 5.5 coins. Apparently the people who got the first two stake blocks didn't heed my advice as they could also have had 1/3 or more of the chain to themselves had they split the coins.
So here's the thing: this coin isn't DPOS as advertised, its HiPOS. What does that mean? It means that the coins build weight. With DPOS the weight of all mature coins = 1. With HiPOS older coins have an advantage. Since the dev had the oldest coins of all, he could have monopolized the supply to an insane extent if he actually split his stack appropriately. I'm talking like 90+% control of the chain after round 1. That said he doesn't seem the brightest bulb and clearly wasn't maximizing his advantage, I could see this on the several rounds following the first, as I was usually the one to kick the chain first and catch those 20-30 instablocks.
Because the distribution is so weighted to large holders of the oldest coins, as I outlined in my earlier warning, I had a huge advantage going into each stake round. Between rounds I would sell my newer minted coins down to 15% of the chain, then stake right back up to 25%. This is because the oldest coins have the most weight, and since I was the first to kick the round of blocks at the start of each round, I always had the oldest coins going into the next round.
Towards the end of POW I started to see evidence of a holder larger than me on the chain, but I also sold my stack down significantly by the last stake round, to below 10% of the total supply.
I think its likely the dev wanted to dump all his coins but maybe was too greedy with the price and let me take most of the sells for some reason, or maybe he really botched the staking, I don't know. Like I said earlier, he could have gotten nearly all the coins so the whole thing doesn't make a lot of sense.
Good game folks.
edit: i still have about 3.9 million in the unlikely event anyone is still trying to figure out where the coins are
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