PoS is working?
ive managed to stake once, and my CoinAge reset, so we'll see if i stake again today. id only set the wallet up this past week and transferred in some ALEX a few days after that. its still a nice young blockchain, though, and although ive only got a connection count of 2 other peers, and the network stake weight is only 839, if its good to pull in .5 ALEX based on my small balance every day, im content with that.... most of the consensus right now is going on thru POW, and seemingly centralized towards one pool, but thats simply the nature of crypto-economics.... i miss the days when every qt-wallet had the "setgenerate true" option on the console. (although the POW diff for ALEX would make that pretty useless anyhow)
its too bad the dev bailed on this one, and sold out his holdings, but in a way, thats a good thing. he didnt have a great big honking premine (62,200 ALEX) and from the sounds of reading the forum up til now, he sold it and disappeared, which evens out the economic playing field for the rest of us. theres only 120,000 ALEX in existence, although the bulk of daily mining seems to be going to one pool and one miner, the overall yearly inflation of the currency is still manageable.
its innovative code enough, and the payout structure is a little dizzying, but updating projects like this is getting easier and easier, wouldnt take much for a small group of community members to take the helm, clone the github and compile releases, fork the currency down the road and take control. the economic model is good enough, and as a community we have the ability to control the future of it, without a lead dev, rather than bitching and whining because the dveloper ran off with his small profits, as happens with 75% of every crypto project.
