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 That was a really well thought out and helpful answer. I do have a few more questions though:
1. When looking at your math below it looks like, the APR would be 300%, 125 every 15 days = 250 every 30 days = $3000 every year. Is this faulty thinking?
2. The first crypto I ever bought was reddcoin. It delivered 5% a year. I bought, as an example 100k reddcoins, and after staking for one year, had 5,000 more. All I had to do was turn my computer on for a half hour every day, and the new reddcoins would be automatI call added to my account.
3. When I stake using bottlecaps, do I have to do any math? For instance, with reddcoins it was really easy, turn the desktop on and stake. If I buy bottlecaps do i have to divide or multiply anything? Or do I just download the wallet and that's it.
4. What kind of degrading interest rate is there? This year it is 151%. Is next year 75% so on and so on?
Just out of curiosity, if I placed a buy order on the sell side for 0.00000158 which would be the highest buy order, how long would it take to get filled, 1 week? 1 month 1 year?
I cannot thank you guys enough for answering my questions. Thank you.
2. Bottlecaps take 15 days for a block to mature, therefore in ideal situation you would open your wallet every 15days to sync then stake all your blocks. Of course depending on factors like current difficulty and your block size etc your blocks will not stake the instant you open the wallet...it may take a few minutes or hours. 3. No math. Just unlock the wallet for POS whenever you have blocks > 15days old. Only math you may have to do is you should keep your block size >2000 <12000 4. Interest rate doesn't decrease over time per se. It decreases based on difficulty and can rise and fall. Kind of does the same thing at the end of the day. As time moves on there will be more and more blocks competing for a stake, therefore difficulty rises and reward drops. Last year we seemed to be ~180% so far this year I'd say the ave has been ~160%. Some days higher some days lower. Thank you kind sir! How in God's name do I get the wallet to sync? I shouldn't have to be a C++programmer to get this stupid thing to work. I am moving files every which way, the wallet.dat, the bottlecaps.conf. By the time this is over I won't have any hair left. It shouldn't be this complicated. Every altcoin out there has a wallet with a simple interface. I tried deleting everything except the wallet.dat and the bottlecaps.conf. For one I cannot delete everything else, it won't let me, and two, even after I delete the other other stuff, it just pops right back up after I reopen the folder. |
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That was a really well thought out and helpful answer. I do have a few more questions though:
1. When looking at your math below it looks like, the APR would be 300%, 125 every 15 days = 250 every 30 days = $3000 every year. Is this faulty thinking?
2. The first crypto I ever bought was reddcoin. It delivered 5% a year. I bought, as an example 100k reddcoins, and after staking for one year, had 5,000 more. All I had to do was turn my computer on for a half hour every day, and the new reddcoins would be automatI call added to my account.
3. When I stake using bottlecaps, do I have to do any math? For instance, with reddcoins it was really easy, turn the desktop on and stake. If I buy bottlecaps do i have to divide or multiply anything? Or do I just download the wallet and that's it.
4. What kind of degrading interest rate is there? This year it is 151%. Is next year 75% so on and so on?
Just out of curiosity, if I placed a buy order on the sell side for 0.00000158 which would be the highest buy order, how long would it take to get filled, 1 week? 1 month 1 year?
I cannot thank you guys enough for answering my questions. Thank you.
2. Bottlecaps take 15 days for a block to mature, therefore in ideal situation you would open your wallet every 15days to sync then stake all your blocks. Of course depending on factors like current difficulty and your block size etc your blocks will not stake the instant you open the wallet...it may take a few minutes or hours. 3. No math. Just unlock the wallet for POS whenever you have blocks > 15days old. Only math you may have to do is you should keep your block size >2000 <12000 4. Interest rate doesn't decrease over time per se. It decreases based on difficulty and can rise and fall. Kind of does the same thing at the end of the day. As time moves on there will be more and more blocks competing for a stake, therefore difficulty rises and reward drops. Last year we seemed to be ~180% so far this year I'd say the ave has been ~160%. Some days higher some days lower. Thank you kind sir! How in God's name do I get the wallet to sync? I shouldn't have to be a C++programmer to get this stupid thing to work. I am moving files every which way, the wallet.dat, the bottlecaps.conf. By the time this is over I won't have any hair left. It shouldn't be this complicated. Every altcoin out there has a wallet with a simple interface. |
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I see since the ios update there are 12900 user in the add channel. Since you are auto joined. Is this the actual active users number ??
To date iOS alone has over 75,000 downloads and about ~46,000 monthly active. Over 5,000,000 session in the last 30 days. These are very good retention metrics and we're constantly working on improving. On 75 000 downloads there is 46 000 that are active monthly? and this is without the androids one... This is massive. It mean people who switched from the telegram interface to the getgems one are overly satisfied with it , if they were not they wouldn't stick with it from the very start. these numbers just got me exited again. Omg I just peed my pants. |
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That was a really well thought out and helpful answer. I do have a few more questions though:
1. When looking at your math below it looks like, the APR would be 300%, 125 every 15 days = 250 every 30 days = $3000 every year. Is this faulty thinking?
2. The first crypto I ever bought was reddcoin. It delivered 5% a year. I bought, as an example 100k reddcoins, and after staking for one year, had 5,000 more. All I had to do was turn my computer on for a half hour every day, and the new reddcoins would be automatI call added to my account.
3. When I stake using bottlecaps, do I have to do any math? For instance, with reddcoins it was really easy, turn the desktop on and stake. If I buy bottlecaps do i have to divide or multiply anything? Or do I just download the wallet and that's it.
4. What kind of degrading interest rate is there? This year it is 151%. Is next year 75% so on and so on?
Just out of curiosity, if I placed a buy order on the sell side for 0.00000158 which would be the highest buy order, how long would it take to get filled, 1 week? 1 month 1 year?
I cannot thank you guys enough for answering my questions. Thank you.
2. Bottlecaps take 15 days for a block to mature, therefore in ideal situation you would open your wallet every 15days to sync then stake all your blocks. Of course depending on factors like current difficulty and your block size etc your blocks will not stake the instant you open the wallet...it may take a few minutes or hours. 3. No math. Just unlock the wallet for POS whenever you have blocks > 15days old. Only math you may have to do is you should keep your block size >2000 <12000 4. Interest rate doesn't decrease over time per se. It decreases based on difficulty and can rise and fall. Kind of does the same thing at the end of the day. As time moves on there will be more and more blocks competing for a stake, therefore difficulty rises and reward drops. Last year we seemed to be ~180% so far this year I'd say the ave has been ~160%. Some days higher some days lower. Thank you kind sir! |
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Hello,
I have a newb question. First, thank you for taking the time to read and answer my question. I read online that Hobonickels and Bottlecaps are both pretty high POS coins, HBN being 100% and Bottlecaps being 200% a year. It also said the developer is pretty active which is always good. I was wondering if those interest rates are correct? And are those rates reduced every so often? And if so what does that chart look like? I am not too worried about the lack of volume on exchanges. I think more and more exchanges will pop up, as time goes on creating spots for lesser known alts. I always thought Hobonickels was a joke, but after looking at the high rates, I am serious about diving in. This would be a buy and hold play. Thank you.
Both coins use network dependent stake so as much as 200% stake with BottleCaps and as much as 100% stake with HBN. You're subject to the max reward per block mentioned earlier (i.e., CAPs @ 1000 and HBN @ 250). That being said it's been awhile since I got a 1000 CAP stake. While others may suggest otherwise you may also get some extra % out of choosing when to stake and re-organizing your blocks on occasion. Thank you for your answer. If I bought a thousand dollars worth of caps and staked once a day, i.e turned on my computer for an hour or two a day, what would the interest rate be like? It's a little embarrassing, but I don't know how to compute a 1000 bottlecap reward per block into an annual percentage rate. I want to learn though. Thank you. I'll take a swing at that explanation. $1000 = 2.4 BTC Buy up the sell side of Cryptopia to the tune of around 2.4 BTC you're looking at a 389058.58940353 CAP, with the last few CAPs purchased at around 0.00019000 Move that out of your Cryptopia wallet to stake in 12000 CAP blocks you're looking at 32.4 - 12k CAP blocks (This will keep you under the 1000 max reward per block). Stake all those blocks for 15 days and at 200% and you've got around 32400 CAP (However, the network rate fluctuates and is at 151% as I type). Problem #1: You cant immediately sell that 32400 CAP back at the price you bought the book up to - 0.00019000. Your profit would be dependent on how the book settled after you bought up all those CAP. Lets go with the prior year's average...around 0.00001000. After fees you'd have around 0.3 BTC worth of CAP stake. 2.4 BTC -> 2.7 BTC (2.4 + 0.3) ESTIMATED $1000 -> 15 days -> $1128 Problem #2: You cant immediately flip that full amount back into BTC, the buy's just wont be there. Last year there were many days where CAP had 1,000,000 CAP change hands at or above 0.00001000. Example: http://coinmarketcap.com/currencies/bottlecaps/- Click and scroll down.
- From the Charts Zoom, click 1y
- From the Charts, Observe the 24 hour volume bars (located at the bottom) for July of last year.
...that's the kind of volume you'd need to flip your CAP back into BTC on a short timeline. Simply put - if you're in it for the short run pick a pony from the shiny and new ANN threads and try to get out of it before the music stops and you're left holding a bag of ____coin. To paraphrase Buffet " The ... Market is designed to transfer money from the Active to the Patient." Alternatively, stretch that BTC out over a longer time horizon. Set 2.4 BTC on the buy side of the book at the lowest value you're comfortable with and wait. People exit their position all the time and will sell into your buys - move CAPs into your staking wallet. Look for large chunks of sells you're willing to buy (i.e, Buy that 37245.30 CAP sitting at 0.00000199). Keep that up and after fees you're looking at around 1.2 Million+ CAP. Take and stake that in blocks of less than 12k and re-evaluate your position in a few months. If you need clarity around any of it dont hesitate to ask. That was a really well thought out and helpful answer. I do have a few more questions though: 1. When looking at your math below it looks like, the APR would be 300%, 125 every 15 days = 250 every 30 days = $3000 every year. Is this faulty thinking? 2. The first crypto I ever bought was reddcoin. It delivered 5% a year. I bought, as an example 100k reddcoins, and after staking for one year, had 5,000 more. All I had to do was turn my computer on for a half hour every day, and the new reddcoins would be automatI call added to my account. 3. When I stake using bottlecaps, do I have to do any math? For instance, with reddcoins it was really easy, turn the desktop on and stake. If I buy bottlecaps do i have to divide or multiply anything? Or do I just download the wallet and that's it. 4. What kind of degrading interest rate is there? This year it is 151%. Is next year 75% so on and so on? Just out of curiosity, if I placed a buy order on the sell side for 0.00000158 which would be the highest buy order, how long would it take to get filled, 1 week? 1 month 1 year? I cannot thank you guys enough for answering my questions. Thank you. |
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Hello,
I have a newb question. First, thank you for taking the time to read and answer my question. I read online that Hobonickels and Bottlecaps are both pretty high POS coins, HBN being 100% and Bottlecaps being 200% a year. It also said the developer is pretty active which is always good. I was wondering if those interest rates are correct? And are those rates reduced every so often? And if so what does that chart look like? I am not too worried about the lack of volume on exchanges. I think more and more exchanges will pop up, as time goes on creating spots for lesser known alts. I always thought Hobonickels was a joke, but after looking at the high rates, I am serious about diving in. This would be a buy and hold play. Thank you.
Both coins use network dependent stake so as much as 200% stake with BottleCaps and as much as 100% stake with HBN. You're subject to the max reward per block mentioned earlier (i.e., CAPs @ 1000 and HBN @ 250). That being said it's been awhile since I got a 1000 CAP stake. While others may suggest otherwise you may also get some extra % out of choosing when to stake and re-organizing your blocks on occasion. Thank you for your answer. If I bought a thousand dollars worth of caps and staked once a day, i.e turned on my computer for an hour or two a day, what would the interest rate be like? It's a little embarrassing, but I don't know how to compute a 1000 bottlecap reward per block into an annual percentage rate. I want to learn though. Thank you. |
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@ PatHolsg, what do you mean when you say, "This user is currently ignored"
Oh....I forgot, your post says that because I just ignored your FUDding ass, lol.
Maybe Patholsg is a Troll, I didn't bother to check his posting history, but frankly I don't care. What I do care about are the issues he brings up about getgems. Troll or not, his concerns are valid. At first I saw the Magma partership as a good omen, because I thought, "Magma will want a return on their investment and drive Daniel and his team to deliver a superior product." What I did not forsee was a total about face, a 180 degree turn in the business plan to achieve that. Magma is not totally braindead. I highly doubt they are advising Daniel and his team to move forward with Paykey. Paykey will probably be a flop. Daniel and his team are really selling investors hard on Paykey though, I've seen the 43 north tape. I hear what you are saying. I don't know what they are doing with Paykey, but the fact remains they are definitely working their asses off on the Getgems app, and more importantly it appears that adoption is beginning to grow exponentially. If they were working on Paykey at the expense of the Getgems project I would understand everyone's concerns and I would be equally upset. But you cannot argue with the fact that the user base appears to be growing exponentially, and there are CONSTANT updates to the android, iOS and web version of the app. That's why I'm not worried at all about Paykey. Roger that. Sometimes it just fun to sit around and bitch. |
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@ PatHolsg, what do you mean when you say, "This user is currently ignored"
Oh....I forgot, your post says that because I just ignored your FUDding ass, lol.
Maybe Patholsg is a Troll, I didn't bother to check his posting history, but frankly I don't care. What I do care about are the issues he brings up about getgems. Troll or not, his concerns are valid. At first I saw the Magma partership as a good omen, because I thought, "Magma will want a return on their investment and drive Daniel and his team to deliver a superior product." What I did not forsee was a total about face, a 180 degree turn in the business plan to achieve that. Magma is not totally braindead. I highly doubt they are advising Daniel and his team to move forward with Paykey. Paykey will probably be a flop. Daniel and his team are really selling investors hard on Paykey though, I've seen the 43 north tape. |
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I have a question as well. Can I stake in a Cryptopia wallet or do I need my wallet open on my desktop ?
Can I shut off the computer over night ?
I would like to know the answer to that question as well. To get the interest does the computer have to be on all the time? |
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Hello,
I have a newb question. First, thank you for taking the time to read and answer my question. I read online that Hobonickels and Bottlecaps are both pretty high POS coins, HBN being 100% and Bottlecaps being 200% a year. It also said the developer is pretty active which is always good. I was wondering if those interest rates are correct? And are those rates reduced every so often? And if so what does that chart look like? I am not too worried about the lack of volume on exchanges. I think more and more exchanges will pop up, as time goes on creating spots for lesser known alts. I always thought Hobonickels was a joke, but after looking at the high rates, I am serious about diving in. This would be a buy and hold play. Thank you.
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The explosion in GG downloads followed the renaming of the app as “Telegram with Gems” to exploit app store search rankings.
This is why GG for iOS has a lot more users compared to Android. GG ranks significantly higher in the Apple App Store when searching for “Telegram”.
100k downloads is paraded around as if it’s indicative of the app’s merit beyond being a Telegram clone. But the rise in downloads appears to be entirely the result of this simple SEO trick.
What is troubling is that the recent rise in downloads did not produce a large bump in social media activity.
This is what you’d expect if new users are downloading GG to get on the Telegram network, and have no interest or knowledge of GG’s unique features.
Getting downloads, through any means, is certainly an important step for this project. But the real work is developing GG's promised services and convincing people to use them.
After 15 months, GG's standout features are underwhelming to say the least, and we’ve been told that continued development is now dependent on acquiring more VC money... that’s not even intended for the GG project.
Regularly posting download counts is a distraction to mask the shortcomings of any meaningful work towards building the AE as described in the whitepaper.
Owners of the Telegram network have more to celebrate from our 100k downloads than GG supporters. It'll be the same story when we hit 200k.
That is a great take. It's interesting to get a point of view I never thought of. As I understand, Magma has a controlling interest in the company, not the cryptocurrency which is why Daniel seems to be gravitating away from the Gems project, and instead focusing more on Paykey. Paykey, as they see it will simply be more profitable. It will work like Visa and Mastercard, siphoning off 0.5% of each transaction and is not exclusive to getgems, the cryptocurrency. Although this is disappointing for gems holders, I don't necessarily think David and his team are to blame. The vc's that back getgems probably wanted a better product, something more profitable, whatever. I am gussing the vc's are putting pressure on the gems team to change directions, because the cryptocurrency is not a moneymaker. I can't invest. If things change or getgems provides a service or feature I'm currently not aware of I will. With that being said though, I'd love to be proved wrong. |
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Another fact I find unsettling is the number of asset holders has only grown by 200 give or take in the last year and many of them own 2 gems or less. Last year it was 2250 or so, no less.... https://blockscan.com/assetinfo/GEMZThere are 100,000+ gems holders. Users earn Gems as registration bonus, daily airdrops, referral bonuses and for viewing advertising channels. Gems within the app are settled off-chain through the GetGems internal hosted wallet (to allow for speed and zero transaction fees). Blockscan can only track on-chain transactions and balances. Gotcha |
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I posted this question 36 hours ago and am waiting for a response from the gems team. Maybe someone can help me. Here is the question:
I have the paykey keyboard installed. When I go on Facebook I want to be able to tip my friends, or send them gems on a whim to create awareness for gems, as well as social engagement. When I try to send gems to my friends, I hit the dollar sign, and it brings up a list of contacts in my phone, which really doesn't do me any good, since I am sending the gems on Facebook. Am I doing something wrong or is the technology not there yet? I am guessing Facebook doesn't allow it. Will they ever or is this a permenant limitation. If I could send gems to my friends and post that on their wall or in the comments section, awareness would grow like wildfire. Thank you for taking the time to read and answer my question and concerns,
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I think the answer to the above question was answered by the 43 north judges who talked about facebook ecosystem being a walled garden. Facebook just plain old does not allow any of their content to be lifted by other apps. I posed this question on the getgems messenger, i.e trading group, but users on their could care less about gems but instead spend all their energy chasing the next hottest crypto.
So is getgems dead in the water? I am not trolling. I want to potentially invest but cannot see past gems potentially serious limitations. I want to be proved wrong. Thank you.
Another fact I find unsettling is the number of asset holders has only grown by 200 give or take in the last year and many of them own 2 gems or less. Last year it was 2250 or so, no less.... https://blockscan.com/assetinfo/GEMZ |
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I posted this question 36 hours ago and am waiting for a response from the gems team. Maybe someone can help me. Here is the question:
I have the paykey keyboard installed. When I go on Facebook I want to be able to tip my friends, or send them gems on a whim to create awareness for gems, as well as social engagement. When I try to send gems to my friends, I hit the dollar sign, and it brings up a list of contacts in my phone, which really doesn't do me any good, since I am sending the gems on Facebook. Am I doing something wrong or is the technology not there yet? I am guessing Facebook doesn't allow it. Will they ever or is this a permenant limitation. If I could send gems to my friends and post that on their wall or in the comments section, awareness would grow like wildfire. Thank you for taking the time to read and answer my question and concerns,
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
I think the answer to the above question was answered by the 43 north judges who talked about facebook ecosystem being a walled garden. Facebook just plain old does not allow any of their content to be lifted by other apps. I posed this question on the getgems messenger, i.e trading group, but users on their could care less about gems but instead spend all their energy chasing the next hottest crypto.
So is getgems dead in the water? I am not trolling. I want to potentially invest but cannot see past gems potentially serious limitations. I want to be proved wrong. Thank you.
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I was hesitant to place a buy order with these folks after reading story after story about how they would cancel a buy order. I placed a buy order with these guys yesterday for 10 million bits, 10 btc, and today I received an email stating that my buy order was canceled. I am pretty upset because I had to jump through bank account and identity verification hoops only to have them say sorry, better luck next time. I also found it rather convienent that they canceled the order after the price went up. Had it went down I am sure they would have been more than happy to push the order through. It's my own fault though, I knew they had a history of pulling this crap but I tried anyway.
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