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GREEDYJOHN (OP)
Legendary
 Offline
Activity: 1778
Merit: 1000
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August 05, 2016, 04:19:10 AM |
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I asked IGOTSPOTS, it was THE EFFECT OF COINAGE on POS REWARDS. The lucky person (not me) kept his coins and had his wallet locked for a few days after initial deposit, so that the POS rewards just sprang out. |
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StakeFrenzy
Newbie
Offline
Activity: 63
Merit: 0
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August 05, 2016, 05:01:01 AM |
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hmm..awful lot of shenanigans going on with this blockchain, seems that someone owns nearly all of the supply
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GREEDYJOHN (OP)
Legendary
Offline
Activity: 1778
Merit: 1000
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August 05, 2016, 05:18:57 AM |
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hmm..awful lot of shenanigans going on with this blockchain, seems that someone owns nearly all of the supply
iGOTSPOTS explains that it is the effect of COINAGE. The lucky people (not me) kept coins untouched in their wallet for many days. 25,000% POS is more than 68% daily increase. The lucky people accumulated coinage even over the lower POS phase. For example, If I had 100,000 PX and locked my wallet for 5 days before HIPOS, I would get: 100,000 x (1.68) x (1.68) x (1.68) x (1.68) x (1.68) = 1,338,2782 PEX. This is exactly what the lucky person did. Coinage was accumulated over the entire time, which was utilized in the HIPOS PHASE. |
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raetsch
Legendary
Offline
Activity: 957
Merit: 1006
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August 05, 2016, 05:38:47 AM |
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yeah, came to my mind 12hours before hipos... head -> table
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StakeFrenzy
Newbie
Offline
Activity: 63
Merit: 0
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August 05, 2016, 05:41:39 AM |
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Thanks, I understand the math and do not dispute the numbers.
If you care to follow the chain however you can see the vast majority of the supply is now owned by a single user, I might be wrong.
Typically this is not a good sign for a new coin and considering that most stakes are now going to the top wallets its only going to get uglier.
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sillypothead
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August 05, 2016, 06:03:20 AM |
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hmm..awful lot of shenanigans going on with this blockchain, seems that someone owns nearly all of the supply
iGOTSPOTS explains that it is the effect of COINAGE. The lucky people (not me) kept coins untouched in their wallet for many days. 25,000% POS is more than 68% daily increase. The lucky people accumulated coinage even over the lower POS phase. For example, If I had 100,000 PX and locked my wallet for 5 days before HIPOS, I would get: 100,000 x (1.68) x (1.68) x (1.68) x (1.68) x (1.68) = 1,338,2782 PEX. This is exactly what the lucky person did. Coinage was accumulated over the entire time, which was utilized in the HIPOS PHASE. why would locking the wallet before hipos do that? i don't understand the logic. i though minting is when you unlock your wallet. the wackiness ensues... |
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raetsch
Legendary
Offline
Activity: 957
Merit: 1006
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August 05, 2016, 06:10:21 AM |
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no, when you transfer coins to your wallet 10 days before hipos and then close the wallet, reopen it at hipos-start, the coin age would be 10 days. i did the same on pex.
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sillypothead
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August 05, 2016, 06:47:34 AM |
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no, when you transfer coins to your wallet 10 days before hipos and then close the wallet, reopen it at hipos-start, the coin age would be 10 days. i did the same on pex.
wasn't PEX using some kind of coin weight? where you combine your inputs to make a larger weighted coins. i guess PX isn't using that. thanks for clearing up the coinage thing. |
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GREEDYJOHN (OP)
Legendary
Offline
Activity: 1778
Merit: 1000
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August 05, 2016, 07:56:05 AM |
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no, when you transfer coins to your wallet 10 days before hipos and then close the wallet, reopen it at hipos-start, the coin age would be 10 days. i did the same on pex.
I didn't even know this, it was iGOTSPOTS that told me, when I alerted him of the HUGE STAKES and HUGE WALLETS on the blockchain. Somebody has made out big. |
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GREEDYJOHN (OP)
Legendary
Offline
Activity: 1778
Merit: 1000
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August 05, 2016, 09:35:33 AM |
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GREEDYJOHN (OP)
Legendary
Offline
Activity: 1778
Merit: 1000
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August 05, 2016, 10:08:07 AM |
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Buy orders are building up  |
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GREEDYJOHN (OP)
Legendary
Offline
Activity: 1778
Merit: 1000
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August 05, 2016, 01:02:51 PM |
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Somebody took advantage of coin age that was building up during the non-HIPOS phase, and then suddenly staked their wallet as soon as HIPOS began. This is why we have the MONSTER STAKES. Anyway, I am happy that somebody did it, because it will soon stimulate trade  |
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TimC
Legendary
Offline
Activity: 1764
Merit: 1022
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August 05, 2016, 01:17:14 PM |
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Somebody took advantage of coin age that was building up during the non-HIPOS phase, and then suddenly staked their wallet as soon as HIPOS began. This is why we have the MONSTER STAKES. Anyway, I am happy that somebody did it, because it will soon stimulate trade Most are holding until the HiPOS stage has passed. My wallet is staking good. |
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leyric
Member
Offline
Activity: 81
Merit: 10
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August 05, 2016, 03:05:18 PM |
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funny, 10sat at the little exchange. move PX to a exchange with more than 10 user. but however. the hipos destroy this coin. PEX was great. A new DEV has move forward this project but this swap is the end. NO Pool  , the best thing ever. Now another HIPOS and at the end how much coins are avaible?....i hate this. |
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GREEDYJOHN (OP)
Legendary
Offline
Activity: 1778
Merit: 1000
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August 05, 2016, 03:17:56 PM |
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funny, 10sat at the little exchange. move PX to a exchange with more than 10 user. but however. the hipos destroy this coin. PEX was great. A new DEV has move forward this project but this swap is the end. NO Pool , the best thing ever. Now another HIPOS and at the end how much coins are avaible?....i hate this. The code for this coin is PERFECT, and so is the DEV = iGOTSPOTS. We are lucky that we have a DEV that can be contacted everyday on this Forum. Somebody got huge stakes by benefiting from coin age that accumulated before the HIPOS stage. It is not his fault, there was no cheating, we could have all done it, if we had kept our wallets closed and just opened them at block 35,000. Anyway, HIPOS is here. Lets do it |
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GREEDYJOHN (OP)
Legendary
Offline
Activity: 1778
Merit: 1000
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August 05, 2016, 03:19:52 PM |
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funny, 10sat at the little exchange. move PX to a exchange with more than 10 user. but however. the hipos destroy this coin. PEX was great. A new DEV has move forward this project but this swap is the end. NO Pool , the best thing ever. Now another HIPOS and at the end how much coins are avaible?....i hate this. Improving this coin takes time. I am a working man. I had to employ iGOTSPOTS. There are a few more things in the pipeline. I have no time to improve the thread op, till the future updates arrive. Lets all just stake it - OR LETS ALL EAT STAKE |
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GREEDYJOHN (OP)
Legendary
Offline
Activity: 1778
Merit: 1000
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August 05, 2016, 03:46:53 PM |
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funny, 10sat at the little exchange. move PX to a exchange with more than 10 user. but however. the hipos destroy this coin. PEX was great. A new DEV has move forward this project but this swap is the end. NO Pool , the best thing ever. Now another HIPOS and at the end how much coins are avaible?....i hate this. We are even trying I had to pay for takeover, SWAP, Block Explorers, etc with my own money  Getting a coin listed on any exchange COSTS money nowadays, nobody does anything for free |
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iGotSpots
Legendary
Offline
Activity: 2548
Merit: 1054
CPU Web Mining 🕸️ on webmining.io
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August 05, 2016, 05:37:54 PM |
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funny, 10sat at the little exchange. move PX to a exchange with more than 10 user. but however. the hipos destroy this coin. PEX was great. A new DEV has move forward this project but this swap is the end. NO Pool , the best thing ever. Now another HIPOS and at the end how much coins are avaible?....i hate this. We are even trying I had to pay for takeover, SWAP, Block Explorers, etc with my own money Getting a coin listed on any exchange COSTS money nowadays, nobody does anything for free He paid for everything himself High PoS Rate is only for 5000 blocks (I think) I've never paid to get listed on an exchange? |
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GREEDYJOHN (OP)
Legendary
Offline
Activity: 1778
Merit: 1000
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August 05, 2016, 05:50:22 PM |
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funny, 10sat at the little exchange. move PX to a exchange with more than 10 user. but however. the hipos destroy this coin. PEX was great. A new DEV has move forward this project but this swap is the end. NO Pool , the best thing ever. Now another HIPOS and at the end how much coins are avaible?....i hate this. We are even trying I had to pay for takeover, SWAP, Block Explorers, etc with my own money Getting a coin listed on any exchange COSTS money nowadays, nobody does anything for free He paid for everything himself High PoS Rate is only for 5000 blocks (I think) I've never paid to get listed on an exchange? CCEX and BITTREX want money for listing coins. YOBIT wants money for everything, but it is still easier and cheaper than BITTREX or CCEX. |
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