Hello all,
Just wanted to update that we have decided to allow those in queue to earn the standard PoSP reward while waiting for a BPN slot - I see some still discussing this on the thread and wanted to put this to rest. Thank you all for the input and feedback.
Regarding the inactivity setting, as Ben mentioned, we are looking at 24 hours. By my calculations, a BPN if all slots are full should stake every 3 hours on average. I did not run the numbers for PoSP (queued BPN's) but they will not stake as quickly and often. So I think 12 hours would be the minimum we could set this at but I would prefer to leave a little bit of wiggle room so 24 hours is likely to be the setting. Feel free to provide comments and suggestions here.
We are internally testing the per-alpha release wallet and expect to have this out to the public middle of next week so community can provide feedback. At that point we should be about ready for the hardfork announcement for the Vault 3.0 with BPN announcement.
Also, I will be reaching out to coinbook team tomorrow for a status update.
Thanks for the update elambert.
I'm really pleased it has been decided to allow queued BPN's to earn regular PoSP rewards. Certainly settled a few of my nerves.
Been thinking more on the inactivity setting, and 24 hours sounds like a good starting point for something that has never been used, tried and tested by another coin.
I'm really looking forward to the new Vault 3.0 release, excited to see the new name and logo in action.
Yeah let us know about coinbook progress when you do, if you get any updates. I think having a USD/CBX pair on another exchange will help with the USD price swings we see when bitcoin is swinging around uncontrollably. Should allow us to see a steady rise in price while bitcoin does whatever it wants, as traders should prop up the USD price by arbitraging between both exchanges.
Thanks again.