Post
Topic
Board Announcements (Altcoins)
Re: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico
by
BuckNaked
on 21/04/2016, 17:07:11 UTC
And again, what is a micro stake? To some it might be anything less than 100. To others with large stockpiles of Tek, it might be as high, or even higher than 1000.

Suppose someone wants to stake every hour ...

24 stake blocks/day * 30 days/month = 720 stake blocks required

Assume 250 TEK per stake block ...

720 blocks * 250 TEK/block = 180,000 TEK

Which in terms of fiat money, is ...

TEK @ 0.00000148, Bitcoin @ $US 445 = $US 0.0006586/TEK

180,000 TEK @ $0.0006586 = $US 118.54

For the princely sum of $120, anyone can stake close to continuously and keep the POS rate down.  And, as Tek continues to inflate, the cost of such interference drops every day.

imo an additional approach to the problem is needed, but I've no idea what.