There is a "fight" going on regarding the PoS rewards of investors in the Gridcoin system. The question is: Why are people (especially whales) not staking all the time?
I finally have a few minutes to write down some reasons, and I am sure I miss a few.
You are free to ask yourself if those reasons will evaporate if a fixed staking amount is introduced, as discussed on Github and completely unknown to people who only read "the thread" on Cryptocurrencytalk, you know, the one where everything important should stand because that is what that thread is for.
Reasons for not staking all the time
- The easiest: Computer is not on all the time
- it's bothersome to always start the client
- I don't want to have another program run all the time (CPU usage or simply another fucking item!!!)
- I don't want to have all those micro transactions in my wallet (may be seen as solved if fixed amount is big enough)
- I do not want so many transactions in my wallet, I need to be able to look through it without a thousand "spam" transactions
- wallet bloating - does the wallet still gets unstable (i.e. unusable and GRC unreachable) when bigger then 1,5MB?
- Why should I do that anyway? (no knowledge about "network security" etc.)
- orphans showing up (I think not normally, so this can be ignored then)
- I don't care
- I am an exchange or similar, or using it for day trading, and never stake (even if I would like to)
- I think having a wallet run (with naturally tells a lot of people my IP) for days without anyone looking at it is insecure. Especially if they know they can catch something that is worth 6-figure.
Does that get solved when there is a fixed amount per block?
Any other reasons I didn't think of in the spur of the moment?
EDIT: One thing I forgot but wanted to really say:
If you have a large coin amount and a fixed stake reward, then your payout goes down even if you are online 100%. Because you simply cannot stake fast enough. Your coins will be in stake and unable to get another block most of the time.
That means that people would have to split up their wallets onto several computers. Or you somehow enforce a maximum stakeable amount, which lowers user's possibilities of control. And may be buggy. We had that in the past, where Rob didn't wanted to believe me and others for more then a month that the staking halved the amount that stakes the next time.