Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SEED] SeedCoin | 10/11 MANDATORY UPDATE
by
wiser
on 17/10/2014, 20:27:13 UTC
Looks like the #1 wallet will have about 735k coins, he has 2 stakes left.
Thats why people feel like its was wrong or rigged,
I put the same amount of investment in as the top player 10 seeds.
I got 15k he got 735k, see anything wrong here?
Yes i did change all the wallets along the messy way etc

I think the top wallet took advantage of a feature where if you don't stake for a while your weight accumulates and accumulates so when you do, then you get even more coin than the straight 1% or 269%. This wallet figured it out and kept it locked during the entire mining period where staking rewards were set at one percent a year. Then he unlocked his wallet right as growth period began and got a very large first stake, which of course led to the rest of the stakes being large.

I didn't know about this feature so I staked right through the initial 1% period and had much less weight going into growth. I'm guessing the same for you. But apparently it was right there and anyone who could spot it could benefit from it.

So... not fair? perhaps. But not rigged either, in the sense that taking advantage was open to anyone. Just not all of us had the brains to spot it. You better believe that next time I will Wink

What was more important was keeping your chunks in a couple big chunks rather than letting them get split a bunch of times... I regrouped my seed into 1 big chunk three times DURING growth

I only did that once during growth, but also once right before growth. I was too afraid of losing valuable time to do it anymore. I'm glad it worked out for you.

Do you suppose it would be just as advantageous to regularly regroup chunks during the next phase where staking gets you 16% a year? How often?