I was just ranting about the .97%/day = 3000+% annual stake rate.
Maybe the geniuses at GAW forgot to take compounding interest
into account. At first sight, .97% per day does look like about 350%/year.
This is one of the better points in this thread. They multiplied instead of using an exponent.
You can't re-stake a prime controller. Once you put the coins into it to start it up, you can't just keep putting coins into it. So it's not compounding interest.
After the "round" (6 months) is up, you can re-stake the prime controller, and it has to be a minimum of 1% of all total coins. So you can't just sell off all the coins your prime controller generated during the round of 6 months.
2,800+ coins and counting on that non restaking stake... And it seems to me the payments are even starting to increase like it's.... compounding...
Plus, the "prime" controller key isn't like their locked "hashstaker". The prime key is inputted during the start-up of the qt wallet to "open" the 3000% gift from Josh... The only thing in the code is verification that the block has the minimum # of coins to be a "prime" (125,000 XPY).