ANN [NETKO][NETKO] PoW/PoS | NO PREMINE | BLAKE2S | 8.MARCH 2017

[JBFSTILLETO]

What's a lot?
Do you change the nodes everyday?

and do you gain more weight with this coin if you don't stake 1 day?

I dont change a node, it really depend upon the network weight and how many coins you have.

[int64]

Weigth is how many coins is on staking.
So Netko gain weigth if everybody who staking keep they  new coins
Inside your wallet you do not need to do enything
Yes every newly genereted coin need 301 confirmation to be mature

[germsite]

What precisely is the netko company about? What is the core product and do people using the coin get straight discounts?

[int64]

They have few company.
Mainly I think they produce some product for Iot.
If I understand , They thinking to introduce coin into Iot.

[germsite]

They have few company.
Mainly I think they produce some product for Iot.
If I understand , They thinking to introduce coin into Iot.

Ok. Wondering why they launch their own blockchain. I guess they have some plans to really build part of their business model upon their blockchain in the future.

[int64]

Yes I think you can find somewer here on forum, that they actualy said that.
That they want to implement coin in some of their products for Iot.
I hope I understand that well.
Sorry if I mislead someone

[Snyler]

Weigth is how many coins is on staking.
So Netko gain weigth if everybody who staking keep they  new coins
Inside your wallet you do not need to do enything
Yes every newly genereted coin need 301 confirmation to be mature

Wait,

I've looked at the rich list: people with 20-25K Netko verify 3-4 blocks per day.

How's that possible with one address as they do?

[bspus]

Weigth is how many coins is on staking.
So Netko gain weigth if everybody who staking keep they  new coins
Inside your wallet you do not need to do enything
Yes every newly genereted coin need 301 confirmation to be mature

Wait,

I've looked at the rich list: people with 20-25K Netko verify 3-4 blocks per day.

But, from what I've seen, let's say I have 10K Netko:

Normally I should be able to verify 2 blocks per day right 

But, what happens in the wallet is that as soon as I find a block "1", my whole TOTAL Netko that are in my wallet become "immature"

It is like my whole balance has been utilised to stake 1 block

So it doesn't matter if I have 7k or 80k in my wallet, since the first block I find will "use" all of my Netko to make them "immature" for 301 blocks.

So this is what I don't understand

How can people stake 3 blocks per day? (with one address as they do)

Thank you, I hope it was clear enough

The wallet will break the balance into smaller chunks with time. It will take a while to adjust and reach your longterm PoS rate.

For example, in my case, I put all coins into my wallet in 5000 chunks.
After each stake, the wallet breaks it in two. So now I have lots of 2500 and 1250 chunks (actually a little higher because they include the stake profits too)

I don't know for how long it will keep breaking them up or if it stops after reaching an optimal amount

[Snyler]

Ok thank you I understand now

[int64]

It doesent mater.
You can put all at one time.
As man said after some time it will take some small amount of coin to find a block.
When I was haveing 8k after some time I never have more then 1k locked.
Even when found three block a day I still have 7k mature coins

[felix18yu]

everybody buy coins put in to wallet:-),

starting stake and wait some news, and then come  big reward for as... :-)


 

[biobit]

The price of the coin has been fluctuating a lot lately. What is the point of staking if the daily price variation is higher than monthly profits? Maybe this works only for long time holders. Has anybody really made significant profits out of NETKO?

[soviettiget2]

The price of the coin has been fluctuating a lot lately. What is the point of staking if the daily price variation is higher than monthly profits? Maybe this works only for long time holders. Has anybody really made significant profits out of NETKO?

I think for a lot of the smaller and lesser-known alt coins, a high stake serves as an incentive to (in)vest people into the coin and promote it's spread and (hopefully) adaptation on the peer-to-peer transaction network outside of exchanges.  Holding the coin, while reducing exchange liquidity, does have the benefit of maintaining some degree of price stability.  Staking also does mean that wallets are open on the network to process transactions, so there's that as well.

From my perspective, it's about getting a payout while waiting for the coin to spread in awareness and use for P2P transactions.

[Karl_Marx]

I lost enough. I sold my stake.

[int64]

I wont sell mine.
I still belive but I am very angry of dev team cos lack of interest and lack of post.
We did not hear from them anything for a long time now.

[botmanside]

everybody buy coins put in to wallet:-),

starting stake and wait some news, and then come  big reward for as... :-)


 

no one is going to buy this dead shit, see you in the 3sats..

[dadesu]

everybody buy coins put in to wallet:-),

starting stake and wait some news, and then come  big reward for as... :-)


 

no one is going to buy this dead shit, see you in the 3sats..

Maybe is slow, but far from dead. Coin have many potential, and only time will show.
All coins need about year or two for maturation. Even btc and eth had moments of despair
Relaxed and happy 

[botmanside]

happy of hwat? of no developement?
if so, im happy too

[skov86]

happy of hwat? of no developement?
if so, im happy too

dunno it's silly from developers not to be active. It takes 10 minutes of their time to come up here and say... yes guys this is what we are doing and this is expected or estimated time it will take us to deliver it. We are on 55/100 of the project. 2-3 times a week 10 minutes of their time should be more then enough to keep FUD down, but they obviously don't care and that is what is disturbing about this project.

[biobit]

I totally agree. The devs don't seem to care for this coin. I keeps sinking and does not have any features to support itself. Making "taxi" software will do absolutely no good either. How can we say the coin looks promising?