Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
Profetu
on 10/07/2014, 14:17:47 UTC
Quote from: PositivelyInsane on July 10, 2014, 01:56:23 PM
Quote from: PositivelyInsane on July 10, 2014, 09:45:52 AM
Quote from: foxy on July 10, 2014, 09:03:59 AM
the vericoin selling point is the variable interest so I really hope that is a staking wallet  Kiss

i wouldn't be staking with my phone.. why risk losing a lot of coins? plus i can imagine the battery life esp when you are outside

what i mean is i stake my coins with my computer at home and have some coins in my android wallet for what i need (like money in the bank and money in the purse). you dont want to be putting all your money in your purse, would you? plus a phone has a higher chance of getting lost somewhere than a laptop at home..

I don't see that as a sufficient reason not to have staking on mobile. Losing your phone does not mean you loose your coins unless the founder cracks your encryption before you arrive at the PC and move the coins. That assumes you have backup. Also some people travel a lot and they can't keep their PC at home running for weeks.

I would be interested in the drawbacks of implementing staking on the mobile wallet. It might be eating too many resources but you can use accumulators, car chargers etc ..having an option like: stake only when plugged.