Almanah
Jr. Member
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Activity: 109
Merit: 2
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October 23, 2018, 02:36:00 PM |
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whats happens with thouse MAIN IFLT coins what are transfered to other chains, do they stake meanwhile and earn profits for changer or they will be offline.
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DarkStar1O9 (OP)
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October 23, 2018, 03:37:29 PM |
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whats happens with thouse MAIN IFLT coins what are transfered to other chains, do they stake meanwhile and earn profits for changer or they will be offline.
It depends on the gateway manager and where the coins are held in reserve for users that wish to switch back to the main network. There can be multiple gateways to manage one asset such as on the Stellar Lumens network for example. A gateway manager would have to keep a large amount of coins on reserve to keep the exchange solvent. In this model the core asset functions more like a scarce commodity compared to it's current operations. It's also possible to make a custodial twitter/telegram/reddit bot that users can interact with to shift coins between different blockchains at more efficient speeds. |
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paramind22
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October 23, 2018, 09:45:52 PM |
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The problem with all good staking coins (and 8% is still relatively good) is that people are not smart enough to use staking wallets to earn coins. The level of computer skills of the general public is very poor, and cryptocurrency enthusiasts are a little better but often not much.
I have published over 8 books with ISBN #s on Amazon and other sites and I'm writing a book on staking wallets and coins. I have supported Inflation coin for about a year now and need to work other things besides crypto to get by. If you want to help me to focus on the book, here is my inflation coin wallet address: iPjLoiJSahjRkQA4JJMAdZGmvoGtptFNiE
Most of the book is finished so if I don't have to focus on other work I can get it published soon.
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DarkStar1O9 (OP)
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October 23, 2018, 11:41:04 PM |
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The problem with all good staking coins (and 8% is still relatively good) is that people are not smart enough to use staking wallets to earn coins. The level of computer skills of the general public is very poor, and cryptocurrency enthusiasts are a little better but often not much.
I have published over 8 books with ISBN #s on Amazon and other sites and I'm writing a book on staking wallets and coins. I have supported Inflation coin for about a year now and need to work other things besides crypto to get by. If you want to help me to focus on the book, here is my inflation coin wallet address: iPjLoiJSahjRkQA4JJMAdZGmvoGtptFNiE
Most of the book is finished so if I don't have to focus on other work I can get it published soon.
I disagree as the retention rate has proven to be very high and the usage method is also relatively simple, in more complex setups that may hold to be the case but it's shown to have found it's niche. |
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MadMac
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October 24, 2018, 06:41:40 PM |
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All great news. Thanks for the updates, DarkStar!
Hodling and staking for a long time and intending to continue.
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gawlea
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October 27, 2018, 12:39:29 PM |
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All great news. Thanks for the updates, DarkStar!
Hodling and staking for a long time and intending to continue.
Same here, I'm a big fan of PoS coins and big cap coins. Staking for 8% is still a pretty ROI, so I will keep my wallet open 24/7. |
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habibmad
Member
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Activity: 72
Merit: 10
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October 28, 2018, 07:19:28 PM |
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why the coin supply is more than 61 Bill in the explorer?
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Almanah
Jr. Member
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Activity: 109
Merit: 2
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October 29, 2018, 09:59:32 AM |
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why the coin supply is more than 61 Bill in the explorer?
why it shoulnt be? explorer has correct data, CMC has somereason wrong data, no idea why its not updateing there. |
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DarkStar1O9 (OP)
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October 29, 2018, 11:01:49 AM |
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why the coin supply is more than 61 Bill in the explorer?
why it shoulnt be? explorer has correct data, CMC has somereason wrong data, no idea why its not updateing there. Is probably just following a number near the recommended circulating supply (see introductory page). |
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kassex
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October 29, 2018, 07:03:14 PM |
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Status:
25-OCT-2018 - IFLT Withdraws Disabled while we look into issues. We apologise for this and seek your patience while we work to resolve the matter.
What is happened?
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gawlea
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October 30, 2018, 06:44:29 AM |
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Status:
25-OCT-2018 - IFLT Withdraws Disabled while we look into issues. We apologise for this and seek your patience while we work to resolve the matter.
What is happened?
Which exchange halted the withdrawals? Cryptopia? Anyway I think is something temporary, there is no need to panic. |
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dellzxd
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October 30, 2018, 05:07:08 PM |
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wow, so we have around 60bi ? per year it would be 4 bi... maybe will need some changes, burn, 50% of it ? and also some utility for it.
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NotAnExit
Jr. Member
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Activity: 131
Merit: 1
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October 30, 2018, 05:27:31 PM |
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Status:
25-OCT-2018 - IFLT Withdraws Disabled while we look into issues. We apologise for this and seek your patience while we work to resolve the matter.
What is happened?
Which exchange halted the withdrawals? Cryptopia? Cryptopia deposits are open. i just tested it by sending 30 coins there. |
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Almanah
Jr. Member
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Activity: 109
Merit: 2
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October 30, 2018, 09:18:31 PM |
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wow, so we have around 60bi ? per year it would be 4 bi... maybe will need some changes, burn, 50% of it ? and also some utility for it.
just to ask? how you think you can burn 50% of coins? You ask every one send 50% to this address to be burned? I woulnt cry if i have to get rid of 50% of coins, couse i have staked enough to get some profit. But how about thouse who bought they IFLTs 37-30 litoshi ea few months ago and they just need to give up 50% of coins, i dont think coins can be burned on this phase, it only can be swaped for lesser ammount chain but who quarantees that price will going to rise after that. More sensible way would be to set hardcap. |
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Ragnar143
Newbie
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Activity: 70
Merit: 0
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October 30, 2018, 09:44:44 PM |
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For the last two days I have been getting over 50% of my staking why?
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Almanah
Jr. Member
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Activity: 109
Merit: 2
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October 30, 2018, 10:06:07 PM |
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For the last two days I have been getting over 50% of my staking why?
what you mean over 50% of your stakeings? |
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NotAnExit
Jr. Member
Offline
Activity: 131
Merit: 1
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October 30, 2018, 10:51:59 PM |
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wow, so we have around 60bi ? per year it would be 4 bi... maybe will need some changes, burn, 50% of it ? and also some utility for it.
just to ask? how you think you can burn 50% of coins? You ask every one send 50% to this address to be burned? I woulnt cry if i have to get rid of 50% of coins, couse i have staked enough to get some profit. But how about thouse who bought they IFLTs 37-30 litoshi ea few months ago and they just need to give up 50% of coins, i dont think coins can be burned on this phase, it only can be swaped for lesser ammount chain but who quarantees that price will going to rise after that. More sensible way would be to set hardcap. I agree on the hardcap, but at the same time i look to the future and then I think, what if it was left alone. Yeah we would have one mega holder, maybe, but, how many coins are really gonna be needed in the future of one wallet? We don't know really. The next 10 years, and next 3 generations is gonna change a lot of things! |
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gawlea
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November 01, 2018, 11:01:04 AM |
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wow, so we have around 60bi ? per year it would be 4 bi... maybe will need some changes, burn, 50% of it ? and also some utility for it.
Regarding the total supply, I think we need to update CMC with the new supply and remove Explorer 2 as the 2nd explorer expired. As for the burning process, how you propose to do it? if the dev doesn't hold 50% or more of it? Do you want holders to burn their own coins or how you suggest to make it happen? |
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