Quote from: ShadowBits on November 10, 2014, 01:47:02 PM

Quote from: notsofast on November 10, 2014, 01:45:19 PM

Quote from: egyptocoin on November 10, 2014, 12:48:18 PM

Quote from: notsofast on November 10, 2014, 12:34:50 PM

Quote from: egyptocoin on November 10, 2014, 12:08:41 PM

Soo wait a minute - why would someone need equipment to stake? Seems to me unnecessary. Also it doesn't take an economist to figure out with the inherently outrageous coming inflation keeping the price above levels that will make it profitable for the average investor seems to be a pipe dream.

(I mined some of these coins which is why I'm even here - but I don't like being surrounded by red flags)

My biggest concern is the wallet looks like a copy paste clone.(reminds me of flexible) I would update that immediately.

I think you need to reread the whole thread, and check your risk tolerance.

According to devs, HTML5 wallet is in development, final stages. Often devs will launch with a known working clone wallet and update with uniqur features later once miners and early buyers have a captive investment with some expectation of value locked in. Damn right it's a copy paste clone-- of something that just works, for a smooth launch and mining process.

200% stake is a second phase of distribution trending toward maximum supply and intended to generate short term price support as the only way to acquire future XNAN is to buy current XNAN. Stake percentage was defined in the original announcement and should have factored in to your decision of whether or not to mine this coin.

No equipment is required to stake. I don't know where you got that from, apart from a complete misunderstanding of the follow-up dev announcement about selling bitcoin mining hardware denominated purely in XNAN.

Ok you're right, about the hardware.(my opinion)As for risk tolerance I sold what I mined already so that boat has sailed. But my point about inflation isn't about risk - but reality. Bitcoin has a $12-16 million dollar a day trading average and is in a long decline with only 16% inflation. Granted a million variables can't account for that but if this coin is anything like the other 99% Only a few people will hold them, and with that inflation the dumps will be epic.

Where do you think the price should be right now out of curiousity.

For the record I'm completely ambivalent to P&D I'm an investor, not a moral crusader.

I'm a speculator, though I do care about crypto long-term too.

I thought the same way as you about seemingly unsustainable stake inflation until I actually observed the marketplace and learned more about the staking process. I refused to mine Truckcoin when it came out-- it was the first coin with 200% PoS-- and missed out on a very easy chance to 15x-25x my speculation on a quick turnaround. More recently, I could have held Snowballs for a lot longer than I did, and that coin stakes at 5000% per year (not a typo).

In terms of short-run economics, stake is simply supply distribution. It is not economically equivalent to compound interest because of coin age and time to stake: coins only earn stake when they've sat untransacted through stake age. Each transaction reduces the effective total inflation, short term.

I have no opinion on where price should be, sorry.

+1

+3 Thanks for answering my questions.