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Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
by
ikeboy
on 05/01/2015, 21:13:44 UTC
Sorry but i am not good in math

i have 1 XPY in 1 hashstaker

the reward is paid out to my XPY wallet on zencloud, it does not stay in the hashstaker so it cannot compound the interest, the interest is flat and paid on the initial deposit only

HashStaker payouts are just that - payouts. It has nothing to do with staking, and if I understand correctly Prime staking wasn't even working properly until now. So you're just getting paid from GAW's coin stash, and yes it doesn't compound.

Prime Controllers are special wallets that GAW owns and those have a compounding staking rate. Theoretically HashStaker payouts should be coming from that, but see above.

Afaik, the "prime controller" is exactly this, a normal wallet that gets the extra stake, nothing more wrt the white paper that state it will do a lot of things for the network.

Also GAW could send any amount of coins to those special wallets for the special 3000%+ interest.

Have anyone figured out what they do with the coins that are "locked in" a hashstaker? They are probably just laying in some wallet staking at 3000% and paying out 390%. But GAW can do anything they want with those coins, as they aren't locked into the network for real, or would a special wallet stop staking at the special rate if the amount of coins would drop below some threshold?

It is a bit weird that the GAWtards aren't talking much about the insane inflation that the coin will die from if not before, rather lala land

I think that they intended for the primes to stake at the 390% rate but they are not very good at maths, so now they are compounding the almost 1% a day but only for GAW.

Anyhow, even if they would hardfork again to change the staking, 390% staking is just a ludicrous figure already. GAWtards seem to think this special 3000% staking is just some test and because the primes havent staked so far, they won't get this rate. They don't understand the coin-age factor. They will just need to unlock the prime wallets for it to get the stake of the time it hasn't been staking (although it will lose the compound interest for those days)

Don't coins need to wait a couple days before restaking, which means that it isn't compounded daily?