Looking over the new auto saving ability and i am wondering how it works and what are the benefits of using it.Could someone please fill me in on the details? Thanks.
How it works, is top secret!
Actually it is pretty simple, as each new block comes in from the network it checks to see if you just recently had a PoS block that has matured(25 confirmations). Once it finds one, it send a portion of that stake to another address.
Currently people are using it for a variety of usages. I use it on HBN to send 50% of my wallet's stake to charities. It is called Stake For Charity there, but operates the same as CAP's Auto Savings.
Another option could be to generate a cold storage account and start sending it a portion of your stake. This way it will be offline, more secure, and prevent you from easily spending it. A sort of 401k. This was the intended use for CAP.
Another idea is to use it to get a friend interested in CAPs. Just have them get a new wallet and set up like 10% of your stake to goto that friend's address. This will allow you to send them coins while still acquiring them yourself.
Finally I know people are sending some of there stake to an exchange to trade for other coins.
Stake For Charity and Auto Savings, give the user these abilities and more. It is automatic, it requires very little effort on the users part, it generally uses the least mature coins, it allows your to use your coins and still have more then when you started, and it is fun!
A friend of mine who is into MMORPG said I created a HOT(Heal Over Time) for crypto's.
Poll
