Quote from: bumface on February 05, 2014, 10:13:28 PM

Quote from: dolphinss on February 05, 2014, 09:43:51 PM

Quote from: bumface on February 05, 2014, 04:21:57 PM

Quote from: kresu on February 05, 2014, 04:13:47 PM

Quote from: dolphinss on February 05, 2014, 04:11:37 PM

Quote from: Last1212 on February 05, 2014, 03:48:48 PM

Quote from: bumface on February 05, 2014, 01:54:42 PM

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

The link explains the theory of PoS, but you haven't explained how it's implemented on this coin. Just saying you could get 20% interest if it's left on all year doesn't really address how often PoS blocks are generated for your coin, if they are implemented from launch or at some later date, and I'm still not sure whether the "walletpassphrase" is implemented only for minting or if it fully unlocks my wallet for the specified time on your coin.

PoS is always poorly understood (myself included) and it is one of the two things that differentiates this coin from a lot of the other scrypt based coins. You'd be doing yourself a favor if you could explain it better and why you added it with such a relatively large interest payout.