Quote from: Vald on July 11, 2014, 09:05:34 PM

Quote from: randol_8o8 on July 11, 2014, 09:01:59 PM

Just bought another bunch of it.

Can anyone help me understand what PoS is and how it works? or point me in the direction of some help page that is easier to understand and not 10 pages long. Thanks.

PoS is where you can 'stake coins'. You send coins to your wallet, and leave your wallet open while 'staking'. This works in the same way mining does, but doesn't actually require any computational power. You make a little bit (15%) through staking, and it keeps the network moving. Usually PoS has VERY low inflation, meaning there's a lot less sell pressure.

If you're going to moe your coins, make SURE you're on the right version of the client.

Thanks for the quick explanation. Is there anything special I need to do to my wallet in order to stake the coins?