This was a clear scam. Was this coin 100% premined?
Yep, and they're not done disposing of their premine at whatever price the fake sell walls can sustain.
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BoardAnnouncements (Altcoins)
Re: [ANN] [Globe] Global – Decentralized Global Payments
by
burnourdough
on 23/07/2015, 08:01:37 UTC
They're just transferring the coins from the many accounts they used to fake the volume into the top wallets to make it seem like someone's accumulating.
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BoardAnnouncements (Altcoins)
Re: [ANN] [Globe] Global – Decentralized Global Payments
by
burnourdough
on 20/07/2015, 14:21:45 UTC
Too many bagholders imo. Pumping it again would give them an exit. Top three wallets are still growing--most likely selling to themselves as they've already made their profits.
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BoardAnnouncements (Altcoins)
Re: [ANN] [XBS] Bitstake | For everyday digital currency tasks
by
burnourdough
on 28/04/2015, 20:06:22 UTC
It's fun to see shit like this when you're not invested in it
Max coinage will be 16 days Constant staking will never make it to 16 days To maximize staking yield, reset coinage upon receiving a stake for 0.00 Encourages active, 'manual' minting, while keeping inflation controlled without limiting stake or raising fees. 0 return means you have split as low as you can go. That stake round is over Six Decimals. Plan accordingly
what do you mean by 16 days. and how can i reset coin age what does reset coinage upon receiving a stake mean? is it when i get a reward i should do what to maximize?
Well said up to just before your questions at the end.
Regarding your questions - coinage is how long your coins have been in your wallet without being moved to another address. When coinage gets to 1 hour your coins become mature and are eligible for staking. When coinage gets to 16 days it stops being eligible for staking. Resetting coinage means sending your coins to another address and sending it back again so that the coinage is reset to 0. After 1 our it starts staking again and so the cycle continues. You have to find the optimal way of moving your coins manually at the right times to ensure you get the maximum stake. The chances are high that you will get to 0.00 stake long before the 16 days are over, meaning that you have to move your coins to reset the coinage long before the 16 days are over.
To reset your coinage therefore, send it to another address and back. I send coins to another wallet and back. Others say they send it to another address in the same wallet - I am just old school.
What about sending them at the exact same address, i.e. yourself? Seems to work for the last PoS coin I held