Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!!
by
funsponge
on 19/06/2014, 15:25:37 UTC
Quote from: bumface on June 19, 2014, 03:00:30 PM
Quote from: utcminer on June 19, 2014, 02:19:56 PM
Quote from: bumface on June 19, 2014, 12:21:10 PM
Quote from: Wh1teKn1ght on June 19, 2014, 12:17:48 PM
have the details of PoS changed with the new wallet? Or is it still hold for 365days to get 20%. I thought I heard it changed, but I havent moved my coins since April and nothing is staking in v1.0.3.

we are now finalising an update that will change the POS to weekly instead of yearly, 0.1% per week
0.1% per week is too little,0.25% is ok .


this number has been decided by the community in an IRC meeting   Cheesy

Was 0.1% agreed on? that wouldn't attracted investors as they could just place there money in a high interest account at a bank to get 6-8% interest per year. We need to at least aim to beat this so investors would find it lucrative!?