Post
Topic
Board Announcements (Altcoins)
Re: [ ANN ] SAT² - A new dawn - PoS - No Premine
by
nenadubica
on 16/07/2014, 05:42:19 UTC
Nobody has answered me about coin staking.
Maybe the dev ought to elaborate on this topic.
I asked if my coin stake when there are locked in the wallet.
And second,when I close my wallet,it is automatically locked,isn`t it so?
Can the dev give more technical/practical insight into the coin staking.
Theory is what we know,we only miss few practical points.
P.s:I smell calm before the storm on sat2 market Wink

Hello, get the facts straight by reading this :-> http://wiki.hobonickels.info/index.php?title=Proof_of_Stake
If after reading you still have doubts then come back with them.

I'm not the dev but the quick version:
You need to unlock for staking ((Settings->Unlock wallet, you can check 'For staking only' for extra security).
Yes, after closing the wallet it is automatically locked again.


Thanks man,that was what I needed to hear.
So,in a line:I need to keep the wallet running and unlocked in order to benefit from staking.
Sounds unsecure to me since I had "an accident" 6 months ago when I
was left without a few millions of Doge...
I think I will skip the staking process,nevertheless I wont dump my SAT2 before 25 as i said...

.000025 BTC?

Yup!
Do you think it is not likely?


Sorry,I havent paid attention to the zeroes Cheesy
No,not 0.000025 but 0.00025
SO,10 times the value which we have now.
If I ment 0.000025 i would have dump all the sat1 at ....014 about a month and something ago,
but I think that anything ...025 is low.I cannot understand the ppl that dump at a loss.
I had been holding ltc for 1 whole year in order to get the real money last year.
Do ppl realy think that cryptomoney is that easy to grasp?!? Huh
I follow SAT or call it SAT2 from  DAY1 and i was mining it from the beginning.I sold one part
bcs i had to cover some expenses i had but the other part is ment to stay
as long as it takes.If you just hold for a quick earning-switch to other currency,you are more likely to get a profit.
If you are holding bcs you care about the currency and you will hold no matter what,then you are
in the right direction.
In addition,I feel bad for the part of SAT I dumped in some period and if this price stays this low
I will buy a good deal of lower mintpal market when I dump my vertcoins.