425 to 800 sat is filled with sell orders (mintpal). Good to hear things are being done, and some screenies always make me smile! Also i see that the interest rate is 30% first year, isnt that a little high?
I think I can help with this one.
The idea of the stake as 30% interest is both correct, and incorrect thinking.
It is correct to say that that if you stake your coins and by doing so, expand and secure the network then your personal supply of c2 will increase by 30% and that this increase incentivises the staking of c2 which is required to incentivise a healthy blockchain (because there is no PoW reward).
It incorrect to think of it as interest because it is also, a tax. It is a tax because the act of securing the blockchain increases the total supply of c2 which devalues the c2 held by those who do not stake and secure the blockchain.
for example,
Today I have one million coins and so does my friend, Freeloading Frank.
I stake my coins all year and Freeloading Frank keeps them on an exchange.
In 1 year, I have 1,300,000 c2 and Freeloading Frank still has 1,000,000.
This inflation in the supply of coins has transferred buying power to me at the expense of Frank, as the total amount of goods that may be bought by c2 has not increased. (what cost 1 c2 today should cost 1.3 c2 in 1 year).
Frank the Freeloader, has benefited from the blockchain that I have secured without contribution and so the inflation of the c2 supply has effectively taxed him for not contributing for the blockchain by transferring to me greater buying power. This is a forced redistribution of wealth, a taxation of the lazy.
Is this unfair or too high at 30% ?
well........... you can decided.
In a scenario where every holder of c2 contributes to the security and health of the blockchain by staking c2, every c2 holder experiences a 30% increase and so no one has had their buying power, their wealth, diluted.
Will the value of 1 c2 go down? all things equil, yes. But everyone is compensated for this by the inflation of their c2 by an amount which negates the decrease in buying power.
So to answer your question of weather 30% is too high........ I don't know, but if it is too low the blockchain will certainly suffer (BlackCoin has 1% and is desperately searching for ways to make the blockchain healthier, the so called PoS2.0) and too much more will lead to the exponential devaluation of 1 c2 by inflation of the supply decreasing early users and killing the network (I want to refer to TakaiCoin?).
Personally? I think for 1 year or 2, 30% is a reasonable amount but in the future I would be in favour of limiting the total number to say 200 million over 15 years and using the PoS inflation method to get there.
G
edit*
Please note, very bad things happen if people do not secure the blockchain.
