Ninjastic
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Board Announcements (Altcoins)
Re: [TEK] TEKcoin High % Interest rate SuperStake in 30+ days
by
thundertoe
on 02/10/2014, 19:24:01 UTC
Quote from: bee7 on October 02, 2014, 06:57:23 PM
Quote from: thundertoe on October 02, 2014, 06:27:22 PM
Quote from: bee7 on October 02, 2014, 04:25:36 PM
Quote from: skunk on October 02, 2014, 02:07:57 PM
Quote from: bee7 on October 02, 2014, 01:19:33 PM
Quote from: skunk on October 02, 2014, 01:14:53 PM
Quote from: bee7 on October 02, 2014, 11:26:08 AM
Quote from: CrazyLoaf on October 02, 2014, 10:50:24 AM
I don't know about everyone else, but I just leave my wallet on and let it ride 24/7. I prefer to feel that, in the long run, the rate is optimized and I'm not losing out on too much return for doing this, since it is really protecting the network moreso than just opening the wallet once or twice a month.

This is indeed the correct attitude!
i agree but wouldn't be more fair if everybody would get the same interest? if some developer (i'm not a coder) could implement what i've proposed in my previous posts nobody would need to bother about pos difficulty anymore and leave the miner running unlocked...

The TEK is not only PoS coin in the market. If you don't like conditions then pick another one, or create your own.
what a harsh and unconstructive anwer...  Roll Eyes

You have another option: convince the community of some coin, say TEK, and its developer to make the changes to the protocol. The same scheme of adjusting reward (not only PoS, but PoW as well) used by a number of another coins. The inventor of it had some reasoning behind. TBH, I did not think a lot about this scheme, so I can't say is it bad or good for the sake of the network security taking to account all possible factors. At least I see that people in this thread (and some other threads) are hunting for the low PoS diff and thus keeping their wallets off. This is not good at all for the coin.


I really like the idea of adding a do not mint if pos diff >  button idea, could keep wallets online that is good for the coin.

Keeping a wallet online which does not perform staking is useless at least and detriment at most as that wallet does nothing but consumes the others network resources for nothing.

I like to push a theory to extremes to test its logic and by your statement, less online wallets is ok for the whole network, hmm so less and less.. now we have pushed to extreme and where did the network go?

To build a stable robust network you need as many nodes up and running 24/7 as you can get, PoS provides incentive to do this in the form of paying interest.