Re: $BTA | BATA | Barter via Blockchain. New POW / POS Hybrid in development.

Hi - It is nice to see this project getting some much deserved interest. It has been clear to me for some time that the fundamentals behind this coin are very strong; strong support from miners, fair distribution, low supply and active founder looking to improve and launch new features.

The questions now are around what does the future hold?? We know that there has been some work conducted on a blockchain upgrade to convert to a POS/POW Hybrid with supernodes and that there is now interest from a start up project (EntangleIT) to collaborate on nthCoin (https://github.com/nthCoin/nthCoin/blob/master/README.md) which is under development.

So some question I have are:

1. When is the POS/POW upgrade likely to take place?
2. How many BTA will be required to run a supernode?
3. What will the interest rate be?
4. How will staking rewards be calculated
5. What are the likely synergies that can be created with EntangleIT
6. Any other news to look forward to this year

Thank you in advanced for your reply.

Skuff

Sorry for the delay in response and thanks for contacting me to prompt me to reply.

Thanks for the questions I will answer it as best as possible because I need the ok to go ahead and release information regarding EntangleIT.

1. POS/POW update will be soon, I cannot give an exact date as Midnight Miner is the process.
2. Supernode the exact number will be released when POW/POS Hybrid is released.
3. Interest rate aiming at 5%
4. Staking rewards calcuation: https://docs.google.com/spreadsheets/d/1AbIs8NQrgHyhYMFcNR0h7IhbEze0xuoM_WplpDYaNyk/edit?usp=sharing (not final copy)
5. EntangleIT will empower cryptocurrencies do be able to complete tasks.
6. Barter Platform & App.

If Midnight has anything to add please do so.

you want to say that the total coins of bta together with POS equal to about 10 mil?

That is presented as a possible option if and depending when the PoS starts and how many wallets are staking.

It is presented as a mathematical projection of the possibility of increasing the money supply to include a PoW / PoS hybrid in the future.

It is up to the community to decide how and where we go.

but I see that pos minimum level starts with 1000 coins , I don't think most can be to achieve the pos, should be stretched over 10 years

I agree. The model shows the most accelerated case, or the shortest time to reach a money supply. In real world it would be dependent on the amount of coins staking and the amount of coins in actual trading. If the coins are active in transactions, there is less need for growing the money supply if the currency is fluid and used for active transactions.

The PoS method that is not detailed on the spreadsheet but will be included in the whitepaper is different from a standard interest based PoS. The method and explanation of the PoS will be more detailed in the whitepaper.

I still need more testing before release.

Good to see discussion. We are open to your thoughts and contributions. Thanks everyone.