Hey everyone,
As you may remember we had a staking promotion where every so often I would manually send 50 BLK out to the blockchain every 30 minutes or so to increase staking incentive.
Now, my thoughts on incentive to stake right now are almost a no-brainer, it doesn't make sense not to stake if you have a computer running anyways. However due to recent times, we have noticed that the staking weight is going down, with a lot of it moving to BTC38's exchange wallets, unfortunately. This doesn't promote a good network for Blackcoin (unless BTC38 staked their wallets as well but, we all know the problem there).
For the past little while, SyllaBear and myself have been trying out new ideas to reintroduce the staking promotion incentive as an automated project that never shuts down.
To give information on SyllaBear, DarkFox and sinetek as a team, almost everyday they try to scope out weaknesses in the Blackcoin ecosystem. Then they inform me and I try to come up with solutions with them on how we can improve certain aspects of the ecosystem.
Areas we watch out for, in great detail I will list below;
Community, rough estimates of community involvement.
Price / volatility, large rises and falls in the price we take notice to and investigate.
Blockchain security, if blocks are taking too long or too quick, as well as interesting signatures, this is usually recognised and addressed with rat4.
Relations, this includes business relations as well as investor relations. If relations get strained in anyway, we address them.
With that out of the way, we are pleased to introduce the Proof of Community Staking Reward Incentive Bot, or POCSRIBOT, or "RIBOT". (Note, we would love to take name suggestions below as we have not settled on that name just yet).
At it's current rate, it sends out *0.25% of it's balance every 5 minutes. So the more it has, the more it gives out and will take quite a while for it to burn through most of it's balance.
#!/bin/bash
BLKBAL=$(blackcoind getbalance)
TXFEE=$(echo "scale=4; $BLKBAL/100" | bc)
echo Sending $BLKBAL with fee $TXFEE
blackcoind settxfee $TXFEE
blackcoind sendtoaddress BCZh3KEGVNnJs3vt641akbDByjSgZYL9mu $(echo $BLKBAL - $TXFEE | bc)
https://gist.github.com/CrispyBear/1a867f75404d7e4a6778
To start, the foundation pledges 2,000 BLK to the bot to start and we would like it if everyone joined in as reward incentive is the most important thing at this moment.
The bot's address is; BCZh3KEGVNnJs3vt641akbDByjSgZYL9mu
https://chainz.cryptoid.info/blk/address.dws?BCZh3KEGVNnJs3vt641akbDByjSgZYL9mu.htmEDIT: *Balance was depleting faster than we imagined, changed to 0.25%
