what if the price was at 81 still ? ANSWER ME THAT
Doesn't change anything, JPC/BTC exchange rate has nothing to do with staking interest whatsoever. You're making JPC with either PoW or PoS, and how much BTC those JPC you make are worth is a totally different question not related to the original argument. The argument was about the amount of JPC one can make by investing in JPC right now, and there are only 2 ways to invest — you either buy hardware to mine with PoW, or you buy JPC to do PoS (or a mix of both). You can dream about how things would be if the price was 81 sat and not the current 8 sat, but that's just dreams and no one really knows how things would turn out in that case.. you'd probably have a lot less JPC in your wallet now, cause PoW difficultly would be a lot higher and you'd be mining less coins. You'd obviously be staking less coins then.. so, overall it's just a logical flaw in your argument, staking is all about percentages, it's not related to the exchange rates, it's on the fixed schedule described in the first post. I didn't answer you before because I thought it was an obviously stupid question and you weren't really expecting an answer.
if you don't like how much stake you get then pick another coin.. and like i said go ahead and pick an example of one paying so much more.
You're like a little girl on a period, to you it seems like everyone around is attacking you by saying how the stuff you like is bad, but the thing is — no one really cares about this coin enough to come to this thread and attack JPC (as exchange volume easily shows). It's a fine coin with some interesting features, nothing really ground-breaking, at some point it was really profitable for nvidia miners.. its price has been declining for months now, and it will probably die within a few months like most alt coins, although it lasted a lot longer than most, and might still have some life in it. I wasn't even attacking the coin, just shared my PoS experience with those that might be interested in staking, and then you got all stirred up over nothing. That's why I suggested pills.
and frther more you repeated what some other guy said on a previous page ? that is not facts or showing your math like i asked you to do either.
I didn't just repeat what the other guy said, I calculated it to something close to 0.095%, that guy just said the more exact number. You don't have to be a genius to find the approximate value, don't even need to start a calc for that.
"PoS daily interest payout initially at 0.1% per day (equivalent to 44% annual interest rate), gradually dropping down to 0.01% per day (equivalent to 3.7% annual rate), the decrease will be over a period of 5 years (rate adjusted each 3 months)."
Each 3 months and over 5 years — that's ~ 20 adjustments, and since it's going from 0.1% to 0.01% — each adjustment is about 0.005. So right now, after one adjustment, it's ~ 0.095%.
And about your hidden secret premine staking ? have any proof to that ?
hey like i said back up your mouth buddy..
The thing is, it's like with that easy to calculate interest rate that you never bothered to actually calculate.. here is exactly the same thing. The pre-mine is officially declared on that very first page, there's nothing "hidden" about it and I never said it was hidden, I never even implied that this pre-mine is a bad thing, it's just you're a stupid drama queen that likes to make stuff up and spends all his time raging on the internet with strangers instead of actually spending a few minutes to get the facts about stuff you're raging about. As with interest rate, the pre-mine is described on the first page:
"1% premine to cover development costs (website, server, development), code maintenance/enhancements, bounties, shops/games, faucets/giveaways etc."
They also say on that first page that "Total coins will be approximately 30 billions". So you can easily see that the developers pre-mined "approximately" 300 mil JPC. No need to guess though, everyone can just open a block explorer and check the very first block:
http://explorer.jackpotcoin.info/block/000007b7e389aeed592cf1c92f80cc3e104a62c05cf064c337f97896c6d9163eAnd all I said about the pre-mine was that when you have 300 mil from the very start that you didn't have to mine or buy, staking "gets quite nice" (the words of the user I was quoting originally). I don't even care how pre-mine was used, how much of it was spent as intended, and how much is left if any — not my concern. The point was simply about profitability of PoS and that the current 0.1-0.0955% rate makes sense for a 300 mil pre-mine stash, but not so much for those that have to buy JPC from an exchange right now or mine it via PoW. But alas, as often happens with you apparently, you took the message as an attack of the coin you like, changed it all in your head adding stuff that wasn't there like pre-mine being "hidden" and "secret", and switched to blind rage mode, throwing insults around.
Seeing the way you usually talk to people in this forum, I'm pretty sure I've just wasted at least 20 minutes talking to a mentally unstable idiot that thinks he is always right, so the only appropriate thing to say to people like you is: welcome to ignore list, go fuck yourself.
