Quote from: Wheezy- on January 14, 2015, 05:46:31 PM

Quote from: fayoling on January 09, 2015, 07:59:10 PM

Quote from: fayoling on January 09, 2015, 06:55:26 AM

We have been running some scripts for awhile on Seed and our addresses. The 2 scripts were the elder tree and the rain cloud. The rain cloud has proven to work very well, and has made quite the difference in distribution and the coins price. The elder tree on the other hand is not very well thought out, and the people getting most of the stakes from it are the biggest holders whereas the rain cloud only rains on the small holders.

So we will be shutting the elder tree down and breaking that 300,000 Seed wallet into 10,000 Seed chunks. These chunks will be added to our new experiment which turns our Seedcoin into a staking multipool.

Seedcoin Staking Multipool Beta
http://seed-coin.com/distribution/plant/

For the first month run of Beta testing, we will only be converting to Pinkcoin.

Here is a current address being rented:
https://chainz.cryptoid.info/seed/address.dws?sKi2DmEPnYXnXLWtkNof9gNrc4yL7mmoc1.htm

Stakes are converted and being sent to this Pinkcoin address:
https://chainz.cryptoid.info/pink/address.dws?PJYSKtZriNJSRU5TXKY4uaArAeHTwbJbPX.htm

Few questions about the rental wallets:

What is done with the rental BTC fee?
How is the rental price adjusted? I'm assuming based on current seedcoin price?

How does this create buy pressure for seedcoin? If the stakes are immediately being sold to fund pinkcoin purchases, wouldn't that lead to a constant sell pressure for seedcoin since the staking coins would likely otherwise be held by whichever wallet to which they would have previously been sent?

ATM, your staking wallet link has no outbound transactions, so how is that wallet funding the pinkcoins being sent to the pinkcoin wallet?

For each wallet you get ~133 coins/month converted to BTC, then into whichever coin you want, are these conversions done at market price? IMO, it seems overall more profitable to just straight out buy the coins you want with the rental fee than to rent a wallet.

Thanks,

The BTC from all rentals is distributed between both Pinkcoin and Seedcoin buy support. Price is decided on 2 things, we take the average stake of the wallets over the past 2 weeks and and combine that with the current Seedcoin price on Bittrex.

All stakes are kept within the system and will be used to create more and add to the rentals over time. This means that not only are the coins not sold are the market, but they are permanently removed from it.

The staking wallet has no outbound transactions because you can not use scripts to send transactions via a staking wallet. So we simply leave the Seed rental wallet on and staking 24/7/365 and let it build in size for better rewards as it grows. The Pinkcoin being sent are in a small hot wallet pool so we can instantly send them out.

All conversions are done at market prices, this gives the system the ability to put buy support in for more than it sells, as well as leaves BTC left over to not only buy all the seed stakes in order for the Pinkcoin conversion, but to also add some BTC to the Seedcoin buy books.

I hope that all makes sense. It is a new concept, and I'm sure some things will need tweaking, but over all, once tuned in, this should be a very valuable asset for Seedcoin.