Re: PotCoin | GROW WITH US | CRITICAL WALLET UPDATE - POSv |
sry noob question. i see I can stake coins. but whats interest? how much do i earn?
%5 percent interest/year, but POSv hasen't kicked in yet. It will be about a week or so.
We have 16 days give or take till it kicks in. The stake rate is 5%, but I believe that with this being POSv 2.0 there is code for it to split the 5% of the total money supply among those actively staking, if I am correct, that means that if 50% of the coins are actively staking then the effective rate for those coins would be 10%, this is a decent incentive to get the coins off the exchanges and actively staking. I looked through the code and I think I found the relevant chunk of data but I am not a code monkey, if someone who understands source better than I could look through it and confirm, that would be awesome.
It would be very nice if we can get this confirmed...
It would be very nice to have confirmation, though my reasoning for it being in there is pretty solid. Laudney, the creator of POSv and one of the creators of reddcoin, said that POSV2 would include this code as well as other enhancements, with potcoin having posted that they implemented POSV2.0, I am fairly certain that it is indeed a part of the code.
As I already said, if a friendly code monkey could look through the source and confirm that it is indeed there, or not, I will buy you a redbull or maybe even a 4pack
Given that the difference is so significant, I can't understand why the devs have not chimed in here to dispel all doubts...