how does one stake with the wallet and coins inside?
getstakinginfo returns enabled: true, but staking:false
and i dont see any GUI option to stake some/all coins
anyone?
I think stake take fee from transaction...
Proof of Stake:
- NO REWARD, ONLY TRANSACTION FEES
- A Stake will occur ONLY IF there is a transaction in the mempool that is paying the fee
it doesnt tell how to stake, it only tells which rewards you get, and which you dont
Of course it does. You must have some OC in your wallet and wallet unlocked for staking and if there are no transaction fees in the mempool a stake will not occur. If there are then you are competing with other stakers to claim those fees and mine/stake a PoS block. Hard to understand as i havent seen a crypto like that ever and this feature is actually one of the 2 reasons why i decided to watch this coin/thread and participate in the first place.
I dont think this KimBasinger character cares about this, this is clearly a satoshi nakamoto style release by someone with high coding skills that meet one onecoiner too many.
Plus if someone likes the code just fork it and change name and do a release.
I am only here for two things:
- to see how this proof of stake consensus will work as this could be a thing for Bitcoin future roadmap.
- to see if anyone from the onecoin (the one without the actuall blockchain) will post some comments or enlighten us
Proof of Stake:
- NO REWARD, ONLY TRANSACTION FEES
- A Stake will occur ONLY IF there is a transaction in the mempool that is paying the fee
i see, so it auto-stakes (given you "win" in this competition), does the amount of mature coins matter? if it doesnt one can split up his coins to multiple wallets without doing work (besides having the daemon running)
I checked the code a bit. It is identical to blackcoins staking protocol.
If you ever staked any other coin before this one is exactly the same.
The only difference is, the competition between nodes starts when there is a transaction in the mempool, an even then it matters how many coins you have, and a pow block might come before and confim those transactions...
I have been trying to stake with 50 coins in the wallet, but no luck so far, there are many richer wallets out there I assume.
I like this idea actually, its like "on demand" blocks. Less transactions less blocks, more transactions more blocks...
Btw you do not need to encrypt your wallet to then unlock it for staking. If it is unencrypted it will stake automatically. But it is smart to encrypt it for other reasons.