Post
Topic
Board Announcements (Altcoins)
Re: [ANN][TRK] ★ Truckcoin ★ Pure PoS up to 200% per year ★ Cryptopia
by
bitmaster1x
on 22/05/2017, 01:56:03 UTC
I don't get it, can someone please explain how a 200% ROI is guaranteed?? What are the mechanics of this ROI I don't see it on their website?

Thanks!

Please see this post :  https://bitcointalk.org/index.php?topic=716182.msg18815122#msg18815122

EDIT:
Well, when the service was working it showed the annualized rate.  Which is usually lower than 200%.

Still don't get it even after reading it. What is the mechanism that creates the guaranteed interest? Is it like a ponzi thing or what? Also from that part of the thread sounds like the blockchain for it needs some fixing?

Basically what it means is that the stake reward / interest or whatever you want to call it is what you get for leaving your wallet running which forms a network along with many other wallets that confirms and verifies transactions as well as secures the network. That is all.  It's similar to miners that have specialized equipment to mine bitcoin POW (proof of work), which confims transactions as well as securing the network, The bitcoins that are rewarded to the miners are just a thank you for securing the network.

In the case of a POS (proof of stake) wallet, you don't need specialized equipment. Hope that makes sense.