Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SEED] SeedCoin | Buy/Mine SEED & Grow Coinbase | MANDATORY WALLET UPDATE
by
fayoling
on 09/10/2014, 16:07:12 UTC
The high rollers I'm sure don't want this disclosed, but take a look and the block explorer and rich list. Most of the top invested have not staked any coins. I asked myself why.

Ask yourself why.

As coins age, they collect weight, this weight increases chances to stake, but also how much your stake is actually worth. If it's always 1% it doesn't matter. But we're about to hit 269%.

But what happens when someone unlocks their wallet with 5 days of weight with 26 seeds on block 10101? How much will that added weight affect their day one payout?

The person with 26 seeds is doing it. And the reason is that he will significantly increase his day 1 payout, and hence his total share of the coin.

Everyone should keep that in mind going forward, some individuals may massively increase their coin share through the growth. Just by how much, I don't know.

All not staking coins and increasing your weight will do is put you towards the front of the line for staking rewards. All coins should get their % reward regardless of how network weight. There is obviously an advantage to getting your reward coins earlier as when it's all done you are in a position to sell earlier. However there is also an advantage to staking now, as a) you increase your holding, and b) you reduce overall coin supply.

I can see an advantage in stopping staking 24 hours before the last PoW block, so you can get right in there and grab your reward coins early on the first (and subsequent days)

Wheezy, that is definitely a new strategy I have not thought of. Looks like most of the top wallets have staked except for exchanges and #1 wallet with 26, #5 with 15. It's just another strategy that could result in being beneficial for this person, or not. Whereas most of us are working to decrease the coin supply, there are obviously a few that will be aiming to increase it.

James42, trying to stop staking now and building that weight is def not a bad idea. No big deal if the miners get those extra blocks anyways as most of those coins will not be mature by growth.

Man, so many variables, so many strategies, so many ways this coin can go. This is no doubt the most interesting coin to have ever been launched. The end results are going to be interesting to see. When Cryptzo first said that this coin depends solely on what people decide to do with it, I did not realize what he meant, until now. Bravo.

It's like a game of chess, Cryptzo you could launch one of these a month, and I would play each and every time just to see the end results. Some I am sure, I'd lose, but something tells me, 90% of the time, the patient holders would win.