Re: [ANN] BitcoinDark (BTCD)--Sha-256/PoW-PoS hybrid/Bounty Opportunities

I do own some BTCD, Am I then one of the stakeholders? I am still fuzzy on the details.

Jim

As long as you keep the wallet open and unlock to stake then you are one of the stakeholders. The point is to keep the network as secure as possible and only people staking can make that happen. Along with gaining more BTCD, the dividend is pretty much an incentive since so much of SuperNET will be riding on BTCD. There is also mention of checking how long each user stakes to determine fairness of dividend so that opening the wallet once a month for a few hours doesn't gain the same benefit as someone that always keeps theirs' open. Basically, you are rewarded twice over for keeping the wallet open and staking.

NICE... However it says the dividends will be paid to an associated nxt addy? how does that work.

you pick a public BTCD address to use. It doesnt have to have much BTCD in it. The software will automatically map this address to a NXT address (using its privkey), then it will make a NXT alias so that you can use the same public BTCD address even inside NXT

James

James, Thank you much for answering.

My only question left is:
How do I 'pick a public BTCD address to use'? And I assume I want to use the addy that holds all my btcd.

unless you want to impress girls, the public address should probably have a minimal amount of btcd.
now you can still impress the girls by showing your big acct in private

edit: just make a new address and it is your public address, or you can just use the address you have already been using. I am just nervous to publish accts with any big amounts in them