Quote from: covertress on July 09, 2015, 11:36:30 PM

Quote from: jc12345 on July 09, 2015, 10:10:31 PM

Quote from: bitcoinmax88 on July 09, 2015, 12:41:55 AM

Yes this is for real and I just discussed this issue on the air on http://cryptoafterdark.com I can not cover this up, the word is already out and I can only push a wallet update soon but still there will be ppl who will not take the update and still use the v 1.0 . It's cool I accept this as being all a part of the game and am preparred for it, this is truly a very unfair advantage over any pc wallet for sure, it's free money out of nowhere just for leaving your phone on.

Consider it a gift from me to all of you I guess! It will not harm VIRAL in any way, just really makes staking way way way too easy and profitable beyond belief. That's the bottom line.

Enjoy it while you can peeps.

Adam G.

Very generous of you.

The highlighted part is not accurate though. It impacts the money supply and in alt-coins money supply determines at least 90% of the price of the coin. The relationship is the higher the money supply the lower the price of the coin. If it is true that stakes add 50% of the balance in a wallet per stake, it means you will have exponential money supply growth @ >100% per day it seems based on multiple stakes, pushing the price right down. It might seem great and popular over the short term, but give it a few weeks and see how the money supply grows and the impact on the price. The optimal point for acceptable inflation in alt-coins is a balance between just enough interest to create demand vs impact on money supply and is between 40-130% per year. Lower than 40% per year will cause a fade in interest that will require real life use cases to create demand and over 130% per year will start to create inflation problems and lead to massive offloads of hi-POS before price drops too much which will accelerate and amplify the price drop. There are several case studies of coins that you can look at to study the effect of hi-POS and what caused those coins' demise. I would strongly recommend that you re-consider hi-POS if what the Android poster said is true.

the wallet staking issue is nothing like that stated above

i first noticed that my meager wallet... of about 30k..

seemed to be staking a large percentage of my total coins

like 25k of 30k

this is what the android app showed on the main screen

the proof is in the staked transactions though

i can find no difference from the desktop wallet

both the android and desktop stake at 5%

the android does not throw any extra 'weight' into the equation

i don't know why the staking amount appears to be so high

but i can assure you, i'm not getting 'monster amounts' of staked coins Cry

Ok then in that case money supply will not be a problem. It seemed that Adams reply to the post supported the notion of hi-POS and that Android users therefore have a huge advantage over the rest. He should have corrected you then that there is no advantage of Android over the rest and that it is just a large percentage staking probably because the coins were transferred to Android wallet in large chunks.