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RE: Regarding Changing the Gridcoin PoS Protocol -- Active Poll

in #gridcoin7 years ago

For example has anyone here addressed the question WHY people are not staking their wallets 24/7? If you want to change that, you should know the reason, don't you think?

Why aren't people staking 24/7? One thing could be that they don't have to since the interest is given out regardless of the wallet being online or not. One suggestion, this one, is to make the reward based on actual work done. That is, benefit brought to the ecosystem. You mint a block and get rewarded for it.

The amount rewarded isn't really the problem. We can stick with 1.5% if that 1.5% is for securing the network.

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Yeah, you are giving the only one point I have ever seen.
So now the REASONs why people don't stake all the time?

Because your point is not a reason, since staking 24/7 and once a month is not a difference for interest. So why are people choosing the once a month option?

Fear of getting hacked? Super expensive electricity? I don't know. Maybe it's easier if the people keeping cold wallets actually speak instead of just tossing out cookie crumble trails.

Why run a client that consumes cpu power and must be managed when i can set a monthly/quarterly/yearly schedule to stake for a day and collect my interest?

I would also love to hear from cold wallet investors.