Re: [ANN][VRC] | VeriCoin | PoS - Dynamic Interest | SMS | ANON
Can anyone put together a step by step process on how to securely place your veri in the wallet and allow them to stake with out the possibility of getting them stolen?
Sorry I'm extremely paranoid when it comes to not keeping my crytpo in a paper wallet
Sorry I'm extremely paranoid when it comes to not keeping my crytpo in a paper wallet
As soon as they hit your wallet they will start staking. It will take 8 hours or more after you open your wallet to start recieving VRC depending on how many VRC you have. The more VeriCoin you have, the faster you will recieve payment.
You can encrypt your wallet with a password. Make sure you keep that very close, if you lose it, you lose your coins.
If you encrypt your wallet, you will need to unencrypt your wallet to start getting payment. To do that you put the password in and go.
You must leave your wallet open to verify the network, thus being paid interest.
But if I'm staking while unencrypted cant my coins be stolen?
yes they can, in two clicks.
dont know why they made POS so vonerable.
you can also place it unencrypted in vmware, and leave host system locked if ure uncertain about your system safety.
Yeah.. is there a way for staking to be more secure?
If you unlock and put "true" on the end then it is only unlocked fro staking, still need password to send, so the command is: walletpassphrase xxxxx 9999999 true. Where xxxxx is you password, 9999999 is the time to unlock in seconds and true means that it is only unlocked for staking. Type help in the console and look at the walletpassphrase command to verify this, and for the very paranoid try sending some coins and see if it needs the password again!
Can anyone answer why my "staked" amount decreased overnight? I have not spent a single coin, with the exception of a VeriFund donation a few days ago. I have only been adding to the wallet.