Regarding the specs of POS for BTA:
https://bitcointalk.org/index.php?topic=1451485.0https://bitcointalk.org/index.php?topic=1431805.msg14486879#msg14486879i dont think you want to go higher than 15%
the concept of this coin is not about staking its about your roadmap (Barter platform)
but for keeping the network strong you need people staking so % point can't be over looked
personally i would like to see atleast 10%
if your a staker coin enthusiast you can only run so many wallets at any given time
to low of a % point and people wont keep wallet running if they have multiple stakers
im speaking as a person who stakes alot of coins ,many people might not care about
% point, for me i have to justify running wallet, no different than mining a coin
im invested in bata becasue i like the dev/roadmap/community
i realize staking is secondary ,but its always nice to earn a little interest on your investment
while waiting for development
my 2 bata
low memory use / fast stake time / under 15%
Requirement for staking 1000 BTA pr block
my ideal number is that at least the Top1000 accounts have a chance of staking every 24/hrs, Top3000 is even better
the trick then seems to set a max limit on block reward, and have quick hold times, perhaps set 12hr hold on new block confirm/release
PoS variants with security deposits - in these variants you must lock a part of your coins to receive rewards. That means that for the time you lock you coins, you are backing its value because you cannot sell them.
I like PoS variants with security deposits, like in Decred and perhaps in Ethereum in the future.
In these variants you must lock a part of your coins to receive rewards. That means that for the time you lock you coins, you are backing its value because you cannot sell them.
short min. hold time is an imperative:
1. if the network is running low on stakers and has super low diff. then a regular accounts that always stakes will be able to keep the network going.
2. now a whale with a super large chunk might game to hit a block every unit of minimum time (but they can be put in check via the max reward limit). if not this would cause big diff spikes seen in intervals of min. hold time, btw
3. stakers could run large wallet.dat files (dust bins) so that they are geared to stake 24/7 but they will likely have to wait weeks before the small lots gain weight, so these full time stakers will insure that they have a longtail of dust that eventually smooths out to an efficient staking of blocks ... they will basically act as seednodes as well ... so the trick is to make sure that they can help keep the block speed 'regular' and thus the diff chart 'smooth'
PoS Specs do matter , longer minimum stake times are required to keep the wealthy from monopolizing the Staking Process
Which the current PoS3 & PoSP ignore, which will decrease their adoption rate by the majority of less wealthy users and hurt them in the long run.
(In one economic regard, they function like PoW, only the wealthy will see the most profit.)
(However if they increased their minimum stake age to 15 days or more , they could remove that issue.)
(They could also increase their interest rate to 5% per year and be a decent competition to Utility Stocks.)
Poll
