Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ħ [HODL] 5% Interest. Term Deposits. Memory-hard POW. Solo Mining.
by
bRitzST9617
on 01/05/2017, 19:59:50 UTC
So what does this wallet Upgrade do ?

The minimum locking time for mined balances has now changed ?
once the fork block is hit, there will be no auto-locking of newly mined coins from that point on.  You can still choose to lock the up if you want to.
also, your HOdlings window is now sortable. 
also, a bug was fixed concerning interest being continuously earned by balances that have matured.  I'll let Freetrade explain that one.

Alrighty, the later I read just before and understand what's happened regarding that.

What the purpose for changing the period of time needed to lock up the coins and how does it benefit anyones needs? No way anyone would ever spend even a fraction of a second of their free time on this. This change is retarded and does nothing but alters consensus value. Leave everything as is and stop teasing herd. Or u can increase the locking time to 4 weeks, that would be my suggestion.

The purpose of changing the mandatory 1 year term deposit for all mined coins is to make it so miners don't have to wait an entire year for their mining rewards to have any sort of liquidity.  This is a good thing and will give incentive for those with mining equipment to further secure the network.  There was a vote for both shorter mandatory term deposit of mined coins and for getting rid of it all together and the latter had more community support.