Quote from: RichardMiner on June 19, 2014, 04:08:31 PM

Quote from: Navyman47 on June 19, 2014, 03:57:16 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

So what happens for those of us who have been staking coins for the last 6 months? That would equate to approximately a 10% loss of interest that was promised when the coin was started.
First you reduce block rewards from miners, who were the original supporters of the coin to appease the whiners. Now you want to take away 10% of my stake interest.

Haha

1. The coin doesen't even excist for 6 months
2. It was known the pos was "under construction" and did dent work yet
3. The "old team" did dent make finall pos discisions and did dent realise it
4. No bank wil give you ever 5.2 interrest
5. A higher pos will be not in the final interrest of the lifetime cycle of the coin and thus for you and me
6. Reducing block rewards was needed and in the interrest of the coin and thus for everybody

My advice bro: dont look in the past....look at tommorow

I should have been more specific as to whom my question was directed. It was directed to the leadership team and not some Johnny come lately.
The POS was not under construction from the beginning and has always been promised as long as the wallet was unlocked.
No one said anything about a bank, those were promises made by Michael at the introduction of this coin and throughout the life of this coin.
The last time I checked, he is/was the coin leader.
Please explain and show me the charts to prove that reducing block reward made this coin better. A very short spike up and a fast downtrend as miners and volume went away.
Also, I said approximately 10%. Look up the word approximate and stop attacking people.

My advice bro: don't answer valid questions that you're not qualified to answer.