Ok, thank you for your detailed answer. I think anyway all these Po… will somehow evolve, and PoS is not an exception and has its potential. And I see that Redd has interesting features and, what is the main, the will to improve. It is why I am here.
@Redd Well the last few weeks have been rather turbulant it seems.
I have just started graphing the last 7200 blocks, rather than rely on a text print out
In the last 2 weeks, we did almost hit 80%
But this has now slipped back to a around 72%
Need to get out there and promote it more
ok. That is something I did not consider as far as centralization is concerned. Duh, your right @Gnasher. That is not what I would want for my currency and social platform. Definitely not centralized but decentralized and Changetip is not decentralized. I can see your point. So in this respect Reddcoin will far exceed Changetip in this regard. Good point.
Marketing and PR
@FaintinGoat thank you for your feedback. Not enough people question the decision making process. Or why particular decisions are made.
In my time with reddcoin, I have spent a lot about what is going on around the technology and analysing what is taking place.
One of the things on my todo list is create the Big Redd Dashboard so that we can track (and visualise) what is really going on the network.
So, getting involved in the code at least has revealed a lot. I am also thankful for you actually raising this point.
For the proposed PoSV2 changes, we certainly want to maximise the number of nodes staking, and it is my belief that they should be duly compensated for the being actively involved.
One of the problems we are trying to solve is, the person who only enables their node/wallet occasionally.
For example. if you have a reasonable amount in your wallet, but you turn your wallet on once a year you will get a flood of stake rewards.
Why, because your coins have accrued so much weight… and the calculation will take this into consideration. and the stake reward will be high.
But, this wallet is being rewarded for not staking through out the year.
.Now, I agree, we do NOT want to create an over inflated product. that will do no good in the long run, and this is a long term project
The target inflation for Reddcoin is 5% pa.
You may be interested to know, we don’t actually achieve that.
To achieve 5%, all coins would need to be staking.
But the reality is, only about 10% -15% of all available coins are staking (others are on exchanges, cold storage, lost, etc) at any particular time.
The proposal, would bring the inflation closer to 5%,
Those actively staking through the year, would be rewarded more than the person who enables their wallet occasionally.
Staking, provides for a healthy network, the more nodes staking, the stronger it will be.
This would be a great opportunity to do an AMA on staking, and the proposal
I offer the help, to your forgotten password for BTC Wallet.dat
Also I can give you my script, under a condition not to use him in the illegal purposes.
Donations for my script I ask 1-BTC. A half of the sum at once, a half after your success.
In more detail www.youtube.com/watch?v=3hbs9Yl6cqE&feature=youtu.be)
Excellent - I shall do my best.
@reddibrek lol. hey you never know what the future holds. I am getting me that shirt though, for sure. I am gonna check out that sight.
At around $25 I thought still affordable but it is shipping from the US and I am in Europe so I made the most of it and ordered Ethereum and Bitcoin T-shirts also.
Might go for some warmer clothing now!