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CryptoGretzky
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May 30, 2014, 01:55:38 PM |
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Is staking working fine? I'm using v0.9.1.5x11-coin-1.0 (05-28-2014rc1), wallet unlocked and saying I am minting, always with expect time to reward between a few hours or some minutes, yet I never received any stake in these nearly 2 days
Same here I have been staking 8 hours a day for the past week and still no coins, staking with almost 15k coins (over half my coins). Someone said it can take some people up to two weeks to start staking, I am going to just leave it staking 24 hourse day and if nothing happens in three days I will just put the coins in Cryptsy. I can make more shorting the market than from staking at the moment. It's working for sure:  |
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maxsinner
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May 30, 2014, 01:56:14 PM |
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As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.
My investments in "real life" bring my 9% yearly.
Just a thought.
You are going to profit more from the rise in price than from the PoS reward, however my concern with the 3.33% is that it's not enough incentive for people to keep their wallets open which is BAD for a PoS coin. I think it will be relative to the price of 1 XC. As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.
My investments in "real life" bring my 9% yearly.
Just a thought.
You are going to profit more from the rise in price than from the PoS reward, however my concern with the 3.33% is that it's not enough incentive for people to keep their wallets open which is BAD for a PoS coin. Exactly my point, why would i hold my coins at 3.33% when i can cash out and invest at 9% safely On the other hand: If it would be 10 % or more, XC would need continuous very high buying pressure to keep prices at least stable. When you are looking for safe investments I don't know why you are in Crypto's anyway. Every single investment in Cryptos is very risky - you can gain 2000 % one day and loose everything on the next. + XC is raising more than 10% daily (except the last two days) - why would you miss this profit? Also remember that when the Xnode has been added to the wallet that you will also collect transaction fees. That is true as well, but we need 1000 XC for an xnode and not 100, so we take more coins out of the supply. |
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binkshurts
Member
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Activity: 84
Merit: 10
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May 30, 2014, 01:57:03 PM |
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If keeping wallets open to better secure the network is one of the pillars of XC, the XC community needs to better inform each other on how to keep comps secured / backing up wallets..
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saberu
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May 30, 2014, 01:57:18 PM |
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As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.
My investments in "real life" bring my 9% yearly.
Just a thought.
Thats a pretty greedy attitude to take. Your coins will probably go up in value at least 10x over the next six months and then keep going up slowly over a few years. That is where the main return is. If staking earned 9% interest there would be crazy inflation which would kill the coin. I think three percent is a fair amount to prevent deflation and keep a healthy XC coins market running and for supporting goods and services in the future. |
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evtrmm
Sr. Member
Offline
Activity: 392
Merit: 250
So much for "Community"
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May 30, 2014, 01:57:34 PM |
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Less coins being traded on mintpal = better growth
Mintpal sucks compared to the engine of Bittrex. Just my opinion. But your point is taken and I do agree. |
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mr_random
Legendary
Offline
Activity: 1344
Merit: 1001
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May 30, 2014, 01:57:39 PM |
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As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.
My investments in "real life" bring my 9% yearly.
Just a thought.
It's not meant to be an investment tool. MINT has a high staking percentage and look what happened to that. Puts extra downward pressure on the price. One of the beauties of a pure PoS coin with low interest is the minimal amount of new coins produced. Compared to Litecoin producing 20,000 coins per day to be dumped for profit on the market by miners. This is what we will enable us to go sky high in price in the future. The only coins being dumped are by people who bought lower. |
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maxsinner
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May 30, 2014, 01:57:42 PM |
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Is staking working fine? I'm using v0.9.1.5x11-coin-1.0 (05-28-2014rc1), wallet unlocked and saying I am minting, always with expect time to reward between a few hours or some minutes, yet I never received any stake in these nearly 2 days
Same here I have been staking 8 hours a day for the past week and still no coins, staking with almost 15k coins (over half my coins). Someone said it can take some people up to two weeks to start staking, I am going to just leave it staking 24 hourse day and if nothing happens in three days I will just put the coins in Cryptsy. I can make more shorting the market than from staking at the moment. It's working for sure: With your amount of coins, no surprise  People need to understand that having a few coins at 3.3% yearly reward, will not be bringing in XC rewards fast. |
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JakeThePanda
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May 30, 2014, 01:58:25 PM |
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As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.
My investments in "real life" bring my 9% yearly.
Just a thought.
You are going to profit more from the rise in price than from the PoS reward, however my concern with the 3.33% is that it's not enough incentive for people to keep their wallets open which is BAD for a PoS coin. I think it will be relative to the price of 1 XC. As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.
My investments in "real life" bring my 9% yearly.
Just a thought.
You are going to profit more from the rise in price than from the PoS reward, however my concern with the 3.33% is that it's not enough incentive for people to keep their wallets open which is BAD for a PoS coin. Exactly my point, why would i hold my coins at 3.33% when i can cash out and invest at 9% safely On the other hand: If it would be 10 % or more, XC would need continuous very high buying pressure to keep prices at least stable. When you are looking for safe investments I don't know why you are in Crypto's anyway. Every single investment in Cryptos is very risky - you can gain 2000 % one day and loose everything on the next. + XC is raising more than 10% daily (except the last two days) - why would you miss this profit? Also remember that when the Xnode has been added to the wallet that you will also collect transaction fees. That is true as well, but we need 1000 XC for an xnode and not 100, so we take more coins out of the supply. The argument for raising the rate doesn't make sense. It's not interest, you are just getting your share of the emission. In theory, the market cap shouldn't change because more coins have been issued pro rata to all holders. If a high PoS rate is what you are looking for then just pick any crap coin that gives you 10%+. |
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benthach
Legendary
Offline
Activity: 1764
Merit: 1000
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May 30, 2014, 02:00:30 PM |
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As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.
My investments in "real life" bring my 9% yearly.
Just a thought.
You are going to profit more from the rise in price than from the PoS reward, however my concern with the 3.33% is that it's not enough incentive for people to keep their wallets open which is BAD for a PoS coin. Exactly my point, why would i hold my coins at 3.33% when i can cash out and invest at 9% safely On the other hand: If it would be 10 % or more, XC would need continuous very high buying pressure to keep prices at least stable. When you are looking for safe investments I don't know why you are in Crypto's anyway. Every single investment in Cryptos is very risky - you can gain 2000 % one day and loose everything on the next. + XC is raising more than 10% daily (except the last two days) - why would you miss this profit? It's not about the profit it's about securing the network by giving people enough incentive to keep their coins in their wallets and the wallets open. Yes - but he was asking why he should keep his investments in XC. The 3.33% are not the argument to do so. It's the climbing price because innovative features. No one ask him to keep his investments, some people will. simple as that. if he don't like the 3.33% then move on, no one force him. the question is a simple FUD. people rather have 3.33% then risk their money flipping day/night. |
reddit btcwriter1 - twitter kingpininvestor
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maxsinner
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May 30, 2014, 02:00:35 PM |
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As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.
My investments in "real life" bring my 9% yearly.
Just a thought.
You are going to profit more from the rise in price than from the PoS reward, however my concern with the 3.33% is that it's not enough incentive for people to keep their wallets open which is BAD for a PoS coin. I think it will be relative to the price of 1 XC. As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.
My investments in "real life" bring my 9% yearly.
Just a thought.
You are going to profit more from the rise in price than from the PoS reward, however my concern with the 3.33% is that it's not enough incentive for people to keep their wallets open which is BAD for a PoS coin. Exactly my point, why would i hold my coins at 3.33% when i can cash out and invest at 9% safely On the other hand: If it would be 10 % or more, XC would need continuous very high buying pressure to keep prices at least stable. When you are looking for safe investments I don't know why you are in Crypto's anyway. Every single investment in Cryptos is very risky - you can gain 2000 % one day and loose everything on the next. + XC is raising more than 10% daily (except the last two days) - why would you miss this profit? Also remember that when the Xnode has been added to the wallet that you will also collect transaction fees. That is true as well, but we need 1000 XC for an xnode and not 100, so we take more coins out of the supply. The argument for raising the rate doesn't make sense. It's not interest, you are just getting your share of the emission. If a high PoS rate is what you are looking for then just pick any crap coin that gives you 10%+. There are arguments to be made for both sides. As I said my biggest concern is slow and insecure network due to people not staking and/or keeping their coins on exchanges. |
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fearcoka
Legendary
Offline
Activity: 1008
Merit: 1000
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May 30, 2014, 02:00:49 PM |
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Im not trying to bring the interest % up.
Im trying to see if theres a solution so that more people dont trade their coins and short XC in the market
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Just Nao Tomori and Bitcoin ( ͡° ͜ʖ ͡°)
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Grifftech
Newbie
Offline
Activity: 56
Merit: 0
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May 30, 2014, 02:03:57 PM |
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then submit one yourself instead of complaining. |
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JakeThePanda
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May 30, 2014, 02:04:52 PM |
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As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.
My investments in "real life" bring my 9% yearly.
Just a thought.
You are going to profit more from the rise in price than from the PoS reward, however my concern with the 3.33% is that it's not enough incentive for people to keep their wallets open which is BAD for a PoS coin. I think it will be relative to the price of 1 XC. As one of the large investors here I would like to point out that I find the 3.33% yearly is way too low.
My investments in "real life" bring my 9% yearly.
Just a thought.
You are going to profit more from the rise in price than from the PoS reward, however my concern with the 3.33% is that it's not enough incentive for people to keep their wallets open which is BAD for a PoS coin. Exactly my point, why would i hold my coins at 3.33% when i can cash out and invest at 9% safely On the other hand: If it would be 10 % or more, XC would need continuous very high buying pressure to keep prices at least stable. When you are looking for safe investments I don't know why you are in Crypto's anyway. Every single investment in Cryptos is very risky - you can gain 2000 % one day and loose everything on the next. + XC is raising more than 10% daily (except the last two days) - why would you miss this profit? Also remember that when the Xnode has been added to the wallet that you will also collect transaction fees. That is true as well, but we need 1000 XC for an xnode and not 100, so we take more coins out of the supply. The argument for raising the rate doesn't make sense. It's not interest, you are just getting your share of the emission. If a high PoS rate is what you are looking for then just pick any crap coin that gives you 10%+. There are arguments to be made for both sides. As I said my biggest concern is slow and insecure network due to people not staking and/or keeping their coins on exchanges. The argument just presented for raising the rate is because there is a misconception about what PoS really is. That makes it a bad argument. Now, if you think the rate should be raised because people don't really understand PoS and they think a higher rate means more profit, then I guess that's a different argument. |
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goochie
Newbie
Offline
Activity: 12
Merit: 0
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May 30, 2014, 02:09:20 PM |
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maxsinner
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May 30, 2014, 02:09:42 PM |
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I think the rate should be raised to around 5%-7% so that more people take their coins off exchanges and stake them. This will lead to:
1. Reduced sell pressure.
2. Faster and more secure network.
Could possibly lead to:
1. People having more incentive to buy the coin.
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creamynebula
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May 30, 2014, 02:10:01 PM |
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Thank you and the other two who replied Is staking working fine? I'm using v0.9.1.5x11-coin-1.0 (05-28-2014rc1), wallet unlocked and saying I am minting, always with expect time to reward between a few hours or some minutes, yet I never received any stake in these nearly 2 days
Here is the latest wallet, please see the first page: http://xc-official.com/release/xc-release.rar |
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Grifftech
Newbie
Offline
Activity: 56
Merit: 0
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May 30, 2014, 02:11:51 PM |
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Definitely like the design of the XC, maybe the colors are too aquatic. I like the idea of more metallic, industrial related colors. Gives it a sense of strength and stability. But still a great design |
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520Bit
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May 30, 2014, 02:11:59 PM |
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Is staking working fine? I'm using v0.9.1.5x11-coin-1.0 (05-28-2014rc1), wallet unlocked and saying I am minting, always with expect time to reward between a few hours or some minutes, yet I never received any stake in these nearly 2 days
Same here I have been staking 8 hours a day for the past week and still no coins, staking with almost 15k coins (over half my coins). Someone said it can take some people up to two weeks to start staking, I am going to just leave it staking 24 hourse day and if nothing happens in three days I will just put the coins in Cryptsy. I can make more shorting the market than from staking at the moment. It's working for sure: With your amount of coins, no surprise People need to understand that having a few coins at 3.3% yearly reward, will not be bringing in XC rewards fast. Wondering how long did you hold your XCs? More than 8 days? |
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myelbow4
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May 30, 2014, 02:12:11 PM |
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Ascent back to .005 has begun.
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JakeThePanda
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May 30, 2014, 02:13:17 PM |
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I think the rate should be raised to around 5%-7% so that more people take their coins off exchanges and stake them. This will lead to:
1. Reduced sell pressure.
2. Faster and more secure network.
Could possibly lead to:
1. People having more incentive to buy the coin.
There is no extra incentive to buy a coin because PoS is higher. If this was true, then the price of coins with 10%+ PoS would be skyrocketing. And that's not happening. Also, higher PoS increases sell pressure because supply increases. |
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