Quote from: Xian01 on April 12, 2015, 11:25:18 PM

Split this off from the other thread...

Quote from: Crestington on April 12, 2015, 09:48:47 PM

Quote from: Xian01 on April 12, 2015, 09:26:29 PM

Quote from: Crestington on April 12, 2015, 09:12:43 PM

Meanwhile, PayCon Weelets are performing phenomenally

A POS coin that's not possible to mine ? SMH...

I think it's more about eliminating sell pressure, I'll be happy to send you some for free or even sell you 1-2% at like 400-500 Satoshis and that would go towards more development work.

The goal is to show what can be done, and even make a little money as well, for everyone involved.

This week is about automation, all the Weelets, Yanglets, Primelets, and Immortals are one gigantic script that feeds into each other. It has all been written upon time presets and drifting intervals.

It's just like PayCoins shuffle script but probably even more advanced than that.

What is the point of PayCon if I can't mine it ? What incentive do new miners have to become involved with it ?

You mine it with ownership of Coins, when holding a coin it is better not to have pow mining because you have outside influence affecting price negatively, if all mining is from holders then they make returns over time regardless of price.

Edit: Let me elaborate a little more, at a minimum age of 2 days people can receive 30 Coins per Stake and as time goes on it increases the active Coins Staking on the network. To hold onto a Coin you want to receive some returns but with most markets there is a small amount of depth so a high rate of return for Staking eventually leads to all Coins being active in Staking and not all holders are going to sell all their Coins which reduces the amount of actual sell pressure. Price being low or even gaining over time, it provides a lot of opportunity to make ROI on Coins bought as you would receive over and above the actual inflation per year as not all Coins Stake and when moving Coins it also takes those Coins out of circulation. If the price is the same but you have 50% more Coins then it is easier to make some ROI.

Also, if there is deemed to be further improvements we can make that can provide fairer distribution for holders, we can also make that change as everything should be on the table.