Quote from: CryptoApparel on November 28, 2014, 03:59:26 PM

Hashstaker is a cloud wallet, only used to stake paycoins.
So if you were hoping for something new for mining, this is useless.

If you don't know what staking is check of this video, https://www.youtube.com/watch?v=L1HqLudciVU
Staking is a pure gamble to keep people to hold their coins.

You put a paycoin into the a hashstaker and it sits in the wallet for a period of time.
After said period is over you may or may not receive more coins.

Isn't that like paying for the right to earn interest in this case? Not sure I understand what this will provide to the owner beside a possible speculation value for now...

My understanding (which may or may not be accurate):

No premine and GAW is going to compete with everyone on day one to earn the ICO coins and distribute them to everyone.
- This would imply Hashpoint to Paycoin conversion will take a while since GAW needs to earn them first
You buy a HashStaker now for 3/6 months
- But you won't get your coins on day 1, GAW has to mine them first
- What am I going to stake? Wouldn't I be paying for a right to earn interest on a nearly nonexistent balance for a while?

Am I getting this right?