Quote from: criptix on September 28, 2014, 03:17:38 AM

Quote from: jjiimm_64 on September 28, 2014, 03:13:10 AM

Quote from: jl777 on September 27, 2014, 06:22:38 PM

Do you understand that when you are staking, the address that stakes is recorded on the blockchain?
so if you stake, your address that staked is recorded
this has nothing to do with your public address
ALL BTCD addresses that stake will get recorded
Each time an address stakes, it will get a share
all shares added up to calculate each addresses proportion
total dividend is divided by number of shares to calculate BTCD per share
each address is allocated its BTCD based on this
BTCD is sent to each address according to the shares

Let us say there are 30000 blocks that staked in a month and 300 BTCD is the total dividend amount. Each staking is thus worth 300/30000 = .01 BTCD. If your addresses staked a total of 55 times, that would be 0.55 BTCD total, but since we dont know who controls what BTCD address, the .55 BTCD would be sent proportionally to each address you have based on the number of times they staked.

I hope this is clear enough

James

James. I understand how staking works..

Please bear with me.. I must be missing something simple about this...

What about the payments above and beyond the normal staking.. from superNet.

from this doc http://www.weebly.com/uploads/3/8/5/6/38564127/supernet.pdf

It says that 5% of payments for supernet stuff will go to BTCD stakers---

Quote

5 percent for BTCD stakers, via an associated NXT address

... are the payments above and beyond the normal staking???

btcd addresses are mapped to nxt addresses.

so what you have to do to get the extra from superNET is stake btcd.
only people who stake btcd will be eligible for the superNET dividends.
you will get the dividends on top of the btcd staking interest which will be transfered to your corresponding nxt address.

i hope this makes it a bit clearer?

this would be ideal, but would require everybody to get quite a few accts if they have to get one for each acct that staked, especially if change addresses start staking. Also, this would make it hard to stay anon.

It would be much simpler to just convert the SuperNET dividend to BTCD (so this wont work for any asset dividends, just the "cash" dividends) and this would be like a big mining pool, Once it is BTCD then it can be sent directly to the staking addresses without any user involvement

James