Quote from: grifta on April 15, 2014, 08:57:54 AM

Quote from: seattletu on April 15, 2014, 08:06:13 AM

it's the 10's that are what's being staked. kidcoin said there was some code from peercoin or novacoin or something, that limited the stake to 10 coins. it's been corrected with this newest updated. basically us early adopters aren't getting much stake until the new software goes into effect on the 19th.

So the tens are my coins being sent out to be staked and will at some point return with generated interest? I know some articles have been posted about POS, but I get kind of overwhelmed with the terminology and don't end up making much sense of it in the end. So now to my understanding:

1. Coins enter your wallet
2. 30 "coin days" pass and those coins become matured
3. you unlock your wallet and staking begins
4. coins leave your wallet (is it per block? based on your network weight? how many will go out at a time with the update on the 19th?)
5. a certain amount of time passes and coins return with 5% (?) interest
6. coins must wait 30 more coin days to be staked again?

A lot of that is guess work, based off of things I've read in this thread. Please correct me if I'm wrong. Maybe I'll go take another look at the technical sheets and see if I can answer some of my own questions.

Coins don't leave your wallet, you just get the stake in.