Re: [TEK] TEKcoin Mandatory Update! 40%+ SuperStake in 30+ days
I am very glad I keep waiting to buy TEKs and multiply them all. So now interest rate is not the advertised rate in the thread? Is that false advertising? Devs sound shady 
we just had a hardfork, when i wrote the ann is was conservatively as accurate as i could simply explain. Its not been my focus of attention lately but im sure amazing a non "shady" inspiring ann can win over all the hearts and minds of the brave crypto investors who support this experimental technology.
There is no perfect solution, you get posters complaining about not enough stake in one sentence and then freaking out about inflation in the next. There may need to be some more adj to the code if the future, but right now the adj factor looks like its going to do its job and force moving of blocks from hardfork date or incur possible penalty for minting at a higher diff.
The nvcs pos diff adjustment is an important feature it gives incentive to move the staking blocks apart from where the high diff is, spreading them out increases network strength.
Please edit the post to reflect the new rate!! Or else, yes this is shade.
I'm hungry and like my TEK cool, so I'll buy you or anyone else's shady TEK. Let's talk and I'll setup a wall on Comkort for you to dump into alright?
I don't have tek, just wanted to buy some. Why does it say 40%+ SUperStake in 30 days if thats not how it is??? Makes no sense.
At this current block the interest rate is 175% annually, so this would give you about ~ 14.5% after your 30 days. TEK uses the NVCS method of inflation control, which is just actually a carbon copy of PPC's PoW reward setup. What this means is that TEK can have interest up to 40% in 30 days, but the interest/stake rate is actually variable and depends on the PoS difficulty. Most TEK/PoS users already know this.
I would add to this that it has historically been pretty accurate, up until the hole that nobody knew about hosed the coin. Once the fix was made, the steady progression of stakes had been interrupted and a whole swarm of stake ready wallets hit the network all at once. There were a number of unforseen problems with this, most of which were FAR more troublesome than the nvcs adjustment. Besides, it's likely to return to normal levels *IF* we all use coin control to spread out our blocks. Consider it incentive to not be lazy.