Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] - The WhiteCoin Foundation - Community Planning & Discussion
by
amithus705
on 29/04/2014, 20:41:53 UTC
mogonzo, can you please clarify the intentions of creating a 28 day stake time?

thanks

I believe the intention right now is 2 days.

The reasoning behind this is to do with the security of the blockchain. Our dev team is concerned that having the staking begin too early after the update could cause forks.

If any users are still on the old wallet when staking begins it would not be very good for the health of the coin. So we're going for a balance between what the original creators promised/intended and what will realistically give WhiteCoin the most value and stability going forward.

Hope that explains things.

That's a good compromise. That would be a shame if people weren't able to or didn't know about the updated wallet in time and lost their coins due to a 12 hour stake. 2 Days seems legit to me.