[Whitepaper][POSW] POSW COIN | The World's First Trustless Profit-Driven Economy

[RueDuSite]

Many good things in the boxes here.
2018 will be great for Posw, Long Live the TPOS!

[klarki]

TPOS is a replacement for PoSW?
What will happen after the swap?

[truethat]

what i'd like to know is what the staking rate(s) will be.  That's never talked about anywhere publicly that i have seen.  probably because its so low.  TPOS would allow you to have your coins in  Ledger hardwallet while staking them on your computer, as an example use-case.  but i don't understand the other use-cases.  but the staking rate is set by the developers.  if the network is made of masternodes and staking wallets most people will be interested in staking rates.  which aren't explained. 

[kapu142]

TPOS is a replacement for PoSW?
What will happen after the swap?

TPoS is a feauture of PoSW, after the swap you will have the same exact number of PoSW you have now, but they will traded for the ones on the chain with the new tech!

[miguel0000]

TPoS is the replacement for PoS
this technology is the future..  You will be able to put your money into a ledger and lock it away and let it stake.. offline.. without any possible risk.

[Shahab.B]

The staking rate was 1%/year.  is that going to stay the same or is it going to be higher?  not the masternode rewards but the staking.  because i am also reading that light wallets will be introduced so that the desktop wallets won't have the whole blockchain copied? 

Staking rate is going to be higher (According to seesaw mechanism).
And yes. The light wallet is on the 2018 roadmap.

[majika]

humm..POSW Seems to have it all going on - PoS is indeed back !

"World's first Trustless Profit-Driven Economy. "

blk sizes? Times?? Emission curve.. Adaptive blocks?

Normalized shock multiplier. (So controls via votes? or Delegated as in(DBFT) algorithm)


Range proofs, zkS, Bulletproofs..
Masternodes (Centralized.....!!)
'mixer' ring sigs. / CoinJ ?
1:1 swap.
CCPoS / TPoS
Lightening..

Humm...
Deflation is the method PoSW rewards coin holders, executing this via the RSB mechanism. RSB “Revolving Stake Bonus”  will build and support a network of businesses (i.e poswallet.com) whose proceeds are sent to their respective & assigned burner addresses.

Humm..
 (to ensure maximal rewards distribution) while not having to share any spendable balance or private keys with the node owner.

..To accomplish this, we have created a multi-layered cryptographic architecture that expands the private-public key paradigm, called Triplet-Based Encryption. This three-layered model will feature a public key, which serves as a public address and stores unspent balances, a private key, which can authorize the spending of a balance stored on the public address it was used to create, and a "shared" key. The shared key is created whenever a user chooses to allow a merchant node operator to stake their funds and its sole purpose is to authorize the staking of a user's balance. It cannot spend or move the balance around; for those the private key is required. Now that a user has a new key that can be used for remote staking only and the private key no longer needs to be disclosed, the concept of trust is once again eliminated, allowing the economics of the PoSW network to prosper.

Good luck Fellas

[gorkem19888]

binance  bittrex poloniex kucoin  Do you have business on the stock exchanges ?

[miguel0000]

oh baby, I am very heavily invested into this, POSW is my favourite coin,
my best long term holding.
2018 will be awesome!

soon masternodes, and TPoS, got my 25k ready and hodling!

[percocet]

Can someone tell me when it switches to tPos, will it still be a standard bitcoin clone QT wallet or will there be a new wallet?

[truethat]

its an interesting project and i own coins, but for staking i don't see anything about higher rates.  it looks to me like the staking rate will remain at 1 percent per year.  there are fees on top of that, i don't know what that would look like in the future.  but compared to other staking coins this one is not profitable.  i think nav is around 5 percent, for example.  if the staking rate is going to be higher i would think it would be in the white paper.  because it's not there, i'm assuming that its staying the same.  a whopping 1 percent. 

[pshemek]

very soon the coinswap is here since you cant make new term deposits

[8489faustn]

PoSW has launched it's final contest before the coinswap will occur and PoSW will turn into StakeNet with the ticker XSN! If you would like to join the contest please join our discord channel https://discord.gg/cyF5yCA and download the testnet wallet. To enter into the contest, you must either setup a masternode and/or try out our new revolutionary  tech - TPoS. From there simply take a screenshot of your wallet with a masternode or TPoS contract and submit it into the contest section on poswallet.com. https://poswallet.com/contest/ We have guides on how to do both of these in the following languages: English, Russian, German, Spanish, Turkish, Chinese, Japanese, and French. If anyone has any issues with setting up a masternode or trying out trustless proof of staking simply contact someone on the team on the discord channel and we will assist your needs.

[BROKEinCOLLEGElol]

Can someone tell me what the point of this coin is? I don't understand what can be done with this coin, and don't say staking and masternode because that's literally the only thing I've read about. Being able to earn pore POSW coins, but why do I want more? What problem does this coin solve?

[truethat]

the processing power of the masternodes and staking runs anything.  so this network can run other networks for example.  you could put a masternode from dash on here.  that's one usecase.  that's part of their business model.  if people find it convenient to use StakeNet instead of setting up their own computer then StakeNet will probably be profitable.  which will benefit coin owners because the value will rise, but also i think there are rewards as well.  

it looks like they want to plug different business models into this as time goes on.  the point of owning XSN will be gaining value.  like a lot of coins it can be used in payments as well, with all the features anyone might want for that.  but as of now the POSWasllet is the only business i know of connected to the network.  

if someone has a better answer than this then great, can't wait to hear more news.  

[truethat]

also, at least for me, i see StakeNet as the devs describe it in the white paper here:  adaptable.  so as time goes on and new ideas appear, and trends, StakeNet would be moving with them.  So this is going to evolve over time and we don't know what it will look like in a few years.  to me it looks a bit like a cross between banking services and data-crunching.  they were going to have a debit card but that seems to be out now.  They re talking about partnering with investment companies.  profits from any ventures like this translate into things like deflation, where a burn address is used.  XSN is the currency for the network,  and your savings account. 

[pshemek]

uh it is close now with the coinswap. term deposits is been canceled automatically so get ready for a new adventure.

[gildinglite]

When's the new staking platform up? Q1?

[gildinglite]

Can someone tell me what the point of this coin is? I don't understand what can be done with this coin, and don't say staking and masternode because that's literally the only thing I've read about. Being able to earn pore POSW coins, but why do I want more? What problem does this coin solve?

Code:

Activity: 1

You gotta earn answers...

[truethat]

i'd like to know more about how the staking service will work after the swap.  the pos wallet service will continue only now with new features?  or it will run the same way?  does tpos work with other coins?  what's ccpos?  i've read the medium articles but i still don't understand how these things would work with "staking as a service."