[XRA] RateCoin | PoS | Unique Generous Rewards | Low Supply Inflation

[vegasguy]

For those new to Crypto, think of it like this:

Its like a stock that pays dividends (HIGH Yield dividends). It does NOT at this time offer any service. Its purpose is to generate money for you just like a stock that pays dividends and also does not offer any service or other function. But in this specific case, a well respected dev is developing the coin. So back to my analogy. If Google started another entity tomorrow, and the stock price was $1 , would you buy it!?!?

Vegas

[1714850527]

1714850527

[1714850527]

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[Pito001]

As a 'technical noob' I must speak from experience that XRA transactions are practically instantaneous.

We are getting off on a tangent here but XRA is no more 'practically instantaneous' than BTC or any other coin.  This discussion is really not important to XRA though.

Looking at it from a 'mainstream perspective' BTC transactions take about 30-60min to confirm with most services. XRA takes a few minutes. For the general public that's what matters... Only a very small minority cares about the technicalities.

[presstab]

As outlined by quite a few people here, the point of XRA at the moment is to have a solid built and maintained coin to hold on to long term and stake. The three minute block time combined with generous rewards for long term stakers will provide an excellent platform for this coin to be safe to hold for years (not months like most of the other new coins around).

As for development plans, I plan on adding some features to the wallet itself like the on the fly theme switching, stakesplitthreshold (choose when you want your stake to split into two outputs automatically), and maybe even multisend (set up an array of addresses that part of your stake is automatically sent to). I have a lot of things going on between my website, HyperStake, and now RateCoin... so things won't happen overnight, but I can say with certainty that they will happen

[presstab]

Also I would like to add that a lot of the code changes to XRA will be things behind the scenes that only people paying attention to github will notice.

For example this commit today that removed the old IRC code in the wallet that some people point out as a security flaw: https://github.com/presstab/ratecoin/commit/7b05bb189d6aef7c4ea975857106538018f3c735

Some other commits will be more visible in the wallet, but not immediately noticed, such as this other commit I added today which lets you filter your transaction types and gives you a total amount on the top right.
https://github.com/presstab/ratecoin/commit/f5f35d369c4b207a2a8f07e884110bf2e07d3a87

[Fishmaster42]

Also I would like to add that a lot of the code changes to XRA will be things behind the scenes that only people paying attention to github will notice.

For example this commit today that removed the old IRC code in the wallet that some people point out as a security flaw: https://github.com/presstab/ratecoin/commit/7b05bb189d6aef7c4ea975857106538018f3c735

Some other commits will be more visible in the wallet, but not immediately noticed, such as this other commit I added today which lets you filter your transaction types and gives you a total amount on the top right.
https://github.com/presstab/ratecoin/commit/f5f35d369c4b207a2a8f07e884110bf2e07d3a87

Thanks for the update Presstab. everything looks great.

[Hedgehog01]

Thanks again for all you great work presstab!

[Remy_5]

As a 'technical noob' I must speak from experience that XRA transactions are practically instantaneous.

We are getting off on a tangent here but XRA is no more 'practically instantaneous' than BTC or any other coin.  This discussion is really not important to XRA though.

Looking at it from a 'mainstream perspective' BTC transactions take about 30-60min to confirm with most services. XRA takes a few minutes. For the general public that's what matters... Only a very small minority cares about the technicalities.

Yes, XRA was a rapid coin, but after fork the spec are changed.

AFAIK the actual specs times are:
Blocktime 3 minutes
Transaction confirm 10 blocks  (30 minutes, half hour )
Coinbase maturity 50 blocks   (150 minutes,  2.5 hours)
PoS Minimum Age: 4 hours

This passage from 30 sec blocktime to 3 minutes, is also the main origin of the PosDiff rise.

This is not a criticism, just to point out and give another perspective.

Bye Bye

[4x13]

I am noticing that stakes are randomly choosing either to split in half, or not split at all. What determines how it will split?

[presstab]

I am noticing that stakes are randomly choosing either to split in half, or not split at all. What determines how it will split?

The code was set to split any stake that takes longer than one day to happen. I will be replacing this default code with setstakesplitthreshold so that you can choose when you want it to split based on output size rather than time it takes to stake.

[bangomatic]

I am noticing that stakes are randomly choosing either to split in half, or not split at all. What determines how it will split?

The code was set to split any stake that takes longer than one day to happen. I will be replacing this default code with setstakesplitthreshold so that you can choose when you want it to split based on output size rather than time it takes to stake.

presstab, great work man! have you adopted this coin?

[4x13]

I am noticing that stakes are randomly choosing either to split in half, or not split at all. What determines how it will split?

The code was set to split any stake that takes longer than one day to happen. I will be replacing this default code with setstakesplitthreshold so that you can choose when you want it to split based on output size rather than time it takes to stake.

Ah, that explains it, Thanks. Not a big issue, Just thought it was a little weird. I am staking massive 1k blocks to see what happens, gonna try 500 blocks next. today I am pushing 1.5% of the network weight.. fun times..

[presstab]

I am noticing that stakes are randomly choosing either to split in half, or not split at all. What determines how it will split?

The code was set to split any stake that takes longer than one day to happen. I will be replacing this default code with setstakesplitthreshold so that you can choose when you want it to split based on output size rather than time it takes to stake.

presstab, great work man! have you adopted this coin?

Yes I have decided to officially take the lead for this coin, although I suppose I haven't really announced it to anyone but myself

[4x13]

We see the writing on the wall... Time to start buying more..

[bangomatic]

I am noticing that stakes are randomly choosing either to split in half, or not split at all. What determines how it will split?

The code was set to split any stake that takes longer than one day to happen. I will be replacing this default code with setstakesplitthreshold so that you can choose when you want it to split based on output size rather than time it takes to stake.

presstab, great work man! have you adopted this coin?

Yes I have decided to officially take the lead for this coin, although I suppose I haven't really announced it to anyone but myself

Thats great news! Thanks, presstab.

[killerjoegreece]

https://bitcointalk.org/index.php?topic=1136555.new#new

GREEK TRANSLATION IS READY! pm me if you need my addy to send me some love 

[Jimmyz]

https://bitcointalk.org/index.php?topic=1136555.new#new

GREEK TRANSLATION IS READY! pm me if you need my addy to send me some love 

Sorry but I have already removed and spent my daily quota!

[BITDV]

I see someone did a bit of dumping , well sorry for you but thanks for the cheap XRA!! 

[limar]

As outlined by quite a few people here, the point of XRA at the moment is to have a solid built and maintained coin to hold on to long term and stake. The three minute block time combined with generous rewards for long term stakers will provide an excellent platform for this coin to be safe to hold for years (not months like most of the other new coins around).

As for development plans, I plan on adding some features to the wallet itself like the on the fly theme switching, stakesplitthreshold (choose when you want your stake to split into two outputs automatically), and maybe even multisend (set up an array of addresses that part of your stake is automatically sent to). I have a lot of things going on between my website, HyperStake, and now RateCoin... so things won't happen overnight, but I can say with certainty that they will happen

stake split threshold you are rocking wish if all dev will introduce this concept as mandatory thing to POS coins similar to coin control

[sputnik1]

I see someone did a bit of dumping , well sorry for you but thanks for the cheap XRA!! 

cheap XRA @180sat? 

[LucD88]

Something wrong with withdrawing XRA from Bittrex? It says DISABLED for me..


EDIT #1:



EDIT #2:
According to https://www.bittrex.com/Status..