Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SCRYPT JANE] UltraCoin (UTC) - Newly Launched
by
bumface
on 05/02/2014, 22:13:28 UTC
Proof of Stake explanation

20% interest per year if you

3. have wallet online all year

Lol wut?

Ya have wallet online all year? You must be kidding!
Yes, you have, because that way you can an intermediary for transactions.

this is if you want pos rewards guys, if you dont then dont have it on all year  Cheesy

Just goes to show dev has no freaking idea how POS should be implemented...talk to CASH dev...try to get real

i am not the dev and did you click the link for detailed explanation??

Proof of Stake explanation

20% interest per year if you

1. have utc in wallet
2. don't spend it during that year
3. have wallet online all year
4. have wallet unlocked for minting, do this like so:
    - Open debug window, then console, then type: 'walletpassphrase' yourpassword '999999999' TRUE


Detailed PoS explanation

https://en.bitcoin.it/wiki/Proof_of_Stake