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badam
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June 08, 2015, 12:52:26 PM |
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I'm staking for a while now and want to buy some more, do we have a exchange?
Not that i know of, the only exchange having GEN listed is using outdated wallet, but i love how smooth the staking is. I am sure that once more people will know about the coin a big number of them will want to hold some of these coins. |
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ThinkingOutLoud (OP)
Member
 Offline
Activity: 98
Merit: 10
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June 08, 2015, 03:33:48 PM |
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I'm staking for a while now and want to buy some more, do we have a exchange?
Not that i know of, the only exchange having GEN listed is using outdated wallet, but i love how smooth the staking is. I am sure that once more people will know about the coin a big number of them will want to hold some of these coins. I've been contacting all the exchanges for a day or so since I think it will help with marketing. In the meantime I know some people are trading privately with friends and through PM's. |
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ThinkingOutLoud (OP)
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Activity: 98
Merit: 10
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June 08, 2015, 03:54:24 PM |
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Part of the reason that the staking is smooth, even for people with relatively few coins, is because the longer it takes you to stake, the more weight your coins have on the network.
This is tantamount to mining POW blocks and having your hashrate slowly rise until you actually manage to hit a block for yourself.
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FurianSun
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June 08, 2015, 04:20:17 PM |
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Is this coin on any exchanges?
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GreenDefender
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June 08, 2015, 04:26:15 PM |
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Is this coin on any exchanges?
not yet, waiting for YObit. |
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zsnorbi
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June 08, 2015, 04:32:52 PM |
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Is this coin on any exchanges?
not yet, waiting for YObit. I am not waiting for yobit or similar. If they missed to add it already i think now is better to have a better exchange at last |
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ThinkingOutLoud (OP)
Member
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Activity: 98
Merit: 10
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June 08, 2015, 07:54:27 PM |
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ThinkingOutLoud (OP)
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Activity: 98
Merit: 10
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June 09, 2015, 01:19:36 AM |
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News
As some of you are aware I've been talking to other developers and working to figure out where to take Genstake from here. I'm happy to say that I've made some good contacts and I'm currently working together with a few other developers on a deal that will help establish Genstake across the web and social media and also help provide a valuable infrastructure that we can build on. You can expect an announcement in the coming days detailing the arrangement and what we're working on.
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ThinkingOutLoud (OP)
Member
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Activity: 98
Merit: 10
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June 09, 2015, 03:57:42 AM |
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Did I mention that every time someone moves a large number of coins that they were staking, say onto an exchange, all other stakers benefit by staking more because the weight of those coins is completely lifted off the network? And when those coins are brought back into a staking wallet, it takes 4 hours before they start accumulating any weight at all.
In fact, coin age and weight completely resets even when coins are moved from one staking wallet to another.
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badam
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June 09, 2015, 01:06:07 PM |
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Good to see an exchange for the coin now i think that marketing should concentrate on promoting this coins POS over POW feature and the thing that even small holdings can get continuous and moreover generous POS rewards, in fact for average Goe holding some coins could be more profitable than mining it
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Dexter12
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June 09, 2015, 04:06:04 PM |
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Sell me some GEN on Yobit pls.
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ThinkingOutLoud (OP)
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Activity: 98
Merit: 10
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June 09, 2015, 06:25:17 PM |
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Experiment for everyone: Go to the richlist and scroll to the very bottom. Click on any of the addresses in the bottom 100. All the +20's are staked blocks. See for yourself how easy it is to stake full 20 coin blocks with just a few coins. Good to see an exchange for the coin now i think that marketing should concentrate on promoting this coins POS over POW feature and the thing that even small holdings can get continuous and moreover generous POS rewards, in fact for average Goe holding some coins could be more profitable than mining it
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ThinkingOutLoud (OP)
Member
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Activity: 98
Merit: 10
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June 09, 2015, 08:13:55 PM |
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Added coinbase growth rate estimate to the OP: Date | Estimated Total Coin Supply | | June 10, 2015 | 173,000 GEN | | June 15, 2015 | 263,000 GEN | | July 1, 2015 | 542,000 GEN | | August 1, 2015 | 1,100,000 GEN | | September 1, 2015 | 1,658,000 GEN | | October 1, 2015 | 2,198,000 GEN | | November 1, 2015 | 2,756,000 GEN | | December 1, 2015 | 3,296,000 GEN | | January 1, 2016 | 3,854,000 GEN | | February 1, 2016 | 4,412,000 GEN | | March 1, 2016 | 4,934,000 GEN | | April 1, 2016 | 5,492,000 GEN | | May 1, 2016 | 6,032,000 GEN | | June 1, 2016 | 6,590,000 GEN | | June 1, 2017 | 9,875,000 GEN | | June 1, 2018 | 11,517,500 GEN | | June 1, 2019 | 12,338,750 GEN | | June 1, 2020 | 12,749,375 GEN |
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GreenDefender
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June 09, 2015, 09:08:06 PM
Last edit: June 09, 2015, 09:36:18 PM by GreenDefender |
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Added coinbase growth rate estimate to the OP: Date | Estimated Total Coin Supply | | June 10, 2015 | 173,000 GEN | | June 15, 2015 | 263,000 GEN | | July 1, 2015 | 542,000 GEN | | August 1, 2015 | 1,100,000 GEN | | September 1, 2015 | 1,658,000 GEN | | October 1, 2015 | 2,198,000 GEN | | November 1, 2015 | 2,756,000 GEN | | December 1, 2015 | 3,296,000 GEN | | January 1, 2016 | 3,854,000 GEN | | February 1, 2016 | 4,412,000 GEN | | March 1, 2016 | 4,934,000 GEN | | April 1, 2016 | 5,492,000 GEN | | May 1, 2016 | 6,032,000 GEN | | June 1, 2016 | 6,590,000 GEN | | June 1, 2017 | 9,875,000 GEN | | June 1, 2018 | 11,517,500 GEN | | June 1, 2019 | 12,338,750 GEN | | June 1, 2020 | 12,749,375 GEN |
nice job ! never seen this before at an OP |
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badam
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June 09, 2015, 09:33:00 PM |
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Experiment for everyone: Go to the richlist and scroll to the very bottom. Click on any of the addresses in the bottom 100. All the +20's are staked blocks. See for yourself how easy it is to stake full 20 coin blocks with just a few coins. Good to see an exchange for the coin now i think that marketing should concentrate on promoting this coins POS over POW feature and the thing that even small holdings can get continuous and moreover generous POS rewards, in fact for average Goe holding some coins could be more profitable than mining it
Very wisely pointed out. In a few days only 50 coins brings a profit of 100% - 200% in a limited slow growing coinbase, and now as some of the funds were moved to an exchange staking got even easier. |
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ThinkingOutLoud (OP)
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Merit: 10
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June 10, 2015, 12:36:37 AM |
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Nice! Thanks for letting us know. Is the block explorer down? Is anyone else having trouble connecting to it? |
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lin0sspice
Legendary
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Activity: 1190
Merit: 1002
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June 10, 2015, 12:54:08 AM |
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Nice! Thanks for letting us know. Is the block explorer down? Is anyone else having trouble connecting to it? Back up buddy, server is power off . Poor little VPS |
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ThinkingOutLoud (OP)
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June 10, 2015, 01:00:51 AM |
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Nice! Thanks for letting us know. Is the block explorer down? Is anyone else having trouble connecting to it? Back up buddy, server is power off . Poor little VPS Thanks! You rock! |
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ThinkingOutLoud (OP)
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June 10, 2015, 02:26:53 AM |
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For anyone trying to work out the current market cap:
at 10k sats, the entire current 160k coinbase would be worth 16 BTC or $3750.
At 2K sats, the entire 160k coinbase would be worth 3.2 BTC or $750.
I think we've already established how fast the coinbase is or isn't going to grow. It's not like it's going to grow 10x in a week, or a month. In fact, it's going to be almost September before the coinbase grows 10x, and I promise the market cap then sure as hell isn't going to be $7,500.
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