Quote from: CryptoTux on September 07, 2017, 06:29:06 PM

Quote from: Spidersbox on September 07, 2017, 02:45:43 AM

Litebar is just getting hammered by the profit switching pools.
They jump on with 1.5GH and drive the difficulty up, then they switch to something else.
With the difficulty being so high, the smaller pools have to work for 6 to 12 hours just to find one block.
That's 6 to 12 hours (some times more) that the blockchain doesn't move, causing havoc with people trying to move their litebars around.

I'm thinking of adding PoS (proof of stake) to litebar, so when the chain stops the pos transactions will keep the chain going.
A small pos amount like 6% annual should interest (ha-ha) people in keeping their wallets open to stake, but not add to much in cap growth, keeping the price from dropping.

Any body have any comments or suggestions regarding addind PoS, or the 6% annual idea ??

I second the suggestion for adding POS to LiteBar, thus making it a hybrid cryptocurrency like BitBar. Personally, I think 6% is a reasonable annual interest rate. However, the following question arises: What should the minimum stake age be? BitBar has a minimum stake age of 30 days. However, seeing as LiteBar is supposed to be the silver counterpart to BitBar, I feel it should have a lower minimum stake age. Perhaps 7 or 14 days would be suitable as a minimum stake age should POS be added to LiteBar? I'd like to hear some thoughts on that aspect.

good point.
I haven't gotten to the part about stake age yet, was waiting to see how well PoS would be accepted.
- it appears to be a go.
age should be fairly quick - it takes forever to stake on bitbar, and not to many people staking them - so not many pos blocks to move the chain.
keeping the chain moving is key here, as I think that it the major problem on Cryptopia (still haven't heard from them - but they are swamped right now)
I definitely don't want to flood the market with a bunch of 'free' coins.

what about 4 days ? too short ..
maybe 7 days then.