Post
Topic
Board Announcements (Altcoins)
Re: PotCoin | GROW WITH US | CRITICAL WALLET UPDATE - POSv |
by
rdyoung
on 03/09/2015, 16:16:34 UTC
As a non tech guy who is in for the long haul, I'v learned a bunch about POSV from you guys, Thanks. I'm sure you can fill me in on my situation. I tried for quit a while to get a new wallet up and running before the official transition but was unsuccessful (not for lack of trying - to much teck speak for an idiot..bootstraps, dat files, deleting shit, ect). Finally,with the last wallet update it downloaded without incident. Of course by that time all my coins (1m+) were/are locked up on Cryptsy. My questions: 1) when does the coin age begin, when they are put into the wallet or when they were acquired. 2) when exchanges open again would it be best to stake my coins in one lump sum? I just keep wondering if all this turmoil is/was caused for the benefit of Devs and Major coin holders to get a staking advantage over the majority of coins in the system that can't stake.

To answer your questions 1 at a time.

1) Coin age begins when you receive them in your local wallet.
2)Until the devs have addresses the split issue, this a moot point, any splitting done by you will eventually be undone by the wallet in up to 2mill chunks.

The only people who really benefit from this are the ones who are currently staking coins. As the # of coins actively staking grows, that early benefit will dwindle.
As for the major coin holders, look at the rich list on cryptoid, there is a good 25%+ of the supply that hasn't moved in so long we can only assume they are lost or in cold storage.