Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SCRYPT JANE] UltraCoin (UTC) - Newly Launched
by
dolphinss
on 06/02/2014, 01:52:42 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


to be more exact, if you run an active node for a year with 0% downtime, you get 20%, otherwise you get less than that.

And from the wiki...you will lose 5% of your coins per year if you do not keep your wallets on...
"2) Some public keys may decide to become inactive. This is costly for them. They will suffer a loss of 5% of their balance per year for as long as they remain inactive."